SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 27, 1998
GE CAPITAL MORTGAGE SERVICES, INC.
(as Seller and Servicer under the Pooling and
Servicing Agreement, dated as of December 1, 1997,
providing for the issuance of Home Equity Loan
Pass-Through Certificates, Series 1998-HE1)
GE Capital Mortgage Services, Inc.
(Exact name of registrant as specified in its charter)
New Jersey 33-5042 21-0627285
- ------------------------------------------------------------------------
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
Three Executive Campus
Cherry Hill, New Jersey 08002
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code (609) 661-6100
<PAGE>
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
General.
On March 27, 1998 GE Capital Mortgage Services, Inc., ("GECMSI")
offered to investors certain classes of its Home Equity Loan
Pass-Through Certificates, Series 1998-HE1 (the "Certificates")
evidencing beneficial ownership interests in a trust fund (the
"Trust Fund"). The assets of the Trust Fund consist primarily of
a pool (the "Mortgage Pool") of closed-end, fixed-rate, home
equity loans (the "Mortgage Loans") secured by first or second
liens on one- to four-family residential properties (the
"Mortgaged Properties"). Capitalized terms used herein and not
otherwise defined shall have the meanings assigned to them in the
Prospectus dated March 19, 1998 as supplemented by the Prospectus
Supplement dated March 24, 1998.
The original principal balance of each Class of the Certificates
is as follows:
Class A1 $44,600,000.00
Class A2 $19,700,000.00
Class A3 $22,200,000.00
Class A4 $10,600,000.00
Class A5 $12,900,000.00
Class A6 $17,870,000.00
Class A7 $14,207,000.00
Class R1 $500.00
Class R1 $500.00
Class M $3,872,000.00
Class B1 $3,485,000.00
Class B2 $1,549,000.00
Class B3 $1,549,000.00
Class B4 $1,162,000.00
Class B5 $1,162,894.46
Class S (1)
-----------------
Total $154,857,894.46
-----------------
(1) The Class S has an original Notional Principal Balance equal
to $154,857,894.46
The initial Junior Percentage and Senior Percentage of the
Certificates are approximately 8.25% and 91.75%, respectively.
The Bankruptcy Loss Amount, the Fraud Loss Amount and the Special
Hazard Loss Amount, as of the initial issuance of the Certificates,
are approximately $50,000, $3,097,158 and $1,548,579 respectively,
representing approximately 0.03%, 2.00% and 1.00%, respectively,
of the aggregate Principal Balances of the Mortgage Loans as of
March 1, 1998 (the "Cut-off Date").
The Mortgage Loans accrue interest on a simple interest basis
(the "Simple Interest Mortgage Loans") or a self- amortizing
basis (the "Self-Amortizing Mortgage Loans"). Approximately
97.25% of the Mortgage Loans are Self-Amortizing Mortgage Loans,
and approximately 2.75% of the Mortgage Loans are Simple Interest
Mortgage Loans, in each case by Principal Balance as of the
Cut-off Date.
2
<PAGE>
The Mortgage Rates borne by the Mortgage Loans range from
approximately 7.250% to 14.650% per annum, and the weighted
average of the Mortgage Rates as of the Cut-off Date for the
Mortgage Loans is approximately 9.439% per annum. The original
principal balances of the Mortgage Loans range from approximately
$5,600.00 to $420,000.00 and, as of the Cut-off Date, the average
Principal Balance of the Mortgage Loans is approximately $68,461
after application of payments made before the Cut-off Date. The
month and year of the earliest origination date of any Mortgage
Loan is March 1992, and the month and year of the latest
scheduled maturity date of any such Mortgage Loan is February
2028. All of the Mortgage Loans have original terms to maturity
of approximately 5 years to 30 years. The remaining months to
stated maturity for the Mortgage Loans as of the Cut-off Date
range from approximately 53 months to 360 months and the weighted
average remaining months to stated maturity of the Mortgage Loans
as of the Cut-off Date is approximately 236 months. Approximately
25.35% of the Mortgage Loans are Balloon Loans. The weighted
average remaining term to stated maturity of the Balloon Loans is
approximately 177 months. The Home Equity Loan-to-Value Ratios of
the Mortgage Loans at origination range from approximately 3.64%
to 90.01%, and the weighted average of the home Equity
Loan-to-Value Ratios of the Mortgage Loans at origination is
approximately 70.45%. The Second- Lien Combined Loan-to-Value
Ratio of the second-lien Mortgage Loans at origination range from
approximately 25.01% to 98.46%, and the weighted average of the
Second-Lien Combined Loan-to-Value Ratios of such Mortgage Loans
at origination is approximately 72.11%. No more than
approximately 0.75% (by Principal Balance as of the Cut-off Date)
of the Mortgage Loans will be secured by Mortgaged Properties
located in any one postal zip code area.
No more than approximately 1.50% (by Principal Balance as
of the Cut-off Date) of the Mortgage Loans have been originated
under the NIV program. Approximately 5.53% (by Principal Balance
as of the Cut-off Date) of the Mortgage Loans will be "Consumer
Direct" loans originated by the Company with borrowers who
currently have loans serviced by the Company. In addition, no
more than approximately 3.20% of the Mortgage Loans have been
originated under the Streamlined Portfolio program.
Set forth below is a description of certain additional
characteristics of the Mortgage Pool and the Mortgage Loans
included therein (the sum of the balances may not equal 100% due
to rounding) :
Cut-off Date Principal Balances
- ----------------------------------------------------------------------------
Percentage of
Number of Cut-off Date Cut-off Date
Range of Cut-off Date Mortgage Principal Aggregate
Principal Balances Loans Balance Principal Balance
- ----------------------------------------------------------------------------
$ 00.00 - 10,000.00 22 $190,011.18 0.12%
10,000.01 - 20,000.00 174 $2,790,784.43 1.80%
20,000.01 - 30,000.00 244 $6,166,691.93 3.98%
30,000.01 - 40,000.00 242 $8,525,143.76 5.51%
40,000.01 - 50,000.00 267 $12,119,947.06 7.83%
50,000.01 - 60,000.00 259 $14,372,279.93 9.28%
60,000.01 - 75,000.00 312 $21,022,747.09 13.58%
75,000.01 - 100,000.00 323 $28,114,281.91 18.15%
100,000.01 - 150,000.00 294 $34,987,627.36 22.59%
150,000.01 - 200,000.00 71 $12,021,479.22 7.76%
200,000.01 - 250,000.00 25 $5,499,898.39 3.55%
250,000.01 - 300,000.00 16 $4,381,342.17 2.83%
300,000.01 - 350,000.00 5 $1,563,229.00 1.01%
350,000.01 - 400,000.00 5 $1,878,374.44 1.21%
400,000.01 & Above 3 $1,224,056.59 0.79%
-------------------------------------------------------
Total 2,262 $154,857,894.46 100.00%
=======================================================
<PAGE>
Mortgage Rates
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Percentage of
Cut-off Date
Range of Number of Cut-off Date Aggregate
Mortgage Rates Mortgage Loans Principal Balance Principal Balance
- ----------------------------------------------------------------------------
0.000 - 7.500% 12 $920,526.91 0.59%
7.501 - 8.000 115 $9,575,703.50 6.18%
8.001 - 8.500 255 $19,763,745.09 12.76%
8.501 - 9.000 470 $35,789,358.63 23.11%
9.001 - 9.500 358 $23,255,995.84 15.02%
9.501 - 10.000 446 $29,945,279.49 19.34%
10.001 - 10.500 235 $13,794,119.12 8.91%
10.501 - 11.000 202 $12,149,054.89 7.85%
11.001 - 11.500 66 $3,946,246.50 2.55%
11.501 - 12.000 46 $2,729,859.46 1.76%
12.001 - 12.500 27 $1,505,671.40 0.97%
12.501 - 13.000 14 $796,318.36 0.51%
13.001 - 13.500 9 $413,977.49 0.27%
13.501 - 14.000 4 $118,441.81 0.08%
14.001 - 15.000 3 $153,595.97 0.10%
-------------------------------------------------------
Total 2,262 $154,857,894.46 100.00%
=======================================================
<PAGE>
Geographic Distribution of Mortgaged Properties
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Percentage of
Number of Cut-off Date Cut-off Date
Mortgage Principal Aggregate
State Loans Balance Principal Balance
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Alabama 148 $8,135,128.61 5.25%
Arizona 12 $538,756.03 0.35%
Arkansas 13 $693,832.97 0.45%
California 35 $2,871,217.48 1.85%
Colorado 54 $4,258,556.47 2.75%
Connecticut 45 $3,748,549.07 2.42%
Delaware 7 $437,242.03 0.28%
District of Columbia 42 $3,212,139.74 2.07%
Florida 237 $13,446,014.75 8.68%
Georgia 55 $3,108,935.32 2.01%
Idaho 2 $86,163.90 0.06%
Illinois 150 $10,411,502.46 6.72%
Indiana 83 $4,112,864.45 2.66%
Iowa 6 $659,216.15 0.43%
Kansas 5 $289,055.90 0.19%
Kentucky 24 $1,776,743.24 1.15%
Louisiana 10 $403,802.66 0.26%
Maryland 113 $8,712,306.66 5.63%
Massachusetts 81 $6,712,349.46 4.33%
Michigan 53 $2,892,727.96 1.87%
Minnesota 8 $395,481.50 0.26%
Mississippi 6 $369,094.55 0.24%
Missouri 28 $1,845,350.13 1.19%
Nebraska 7 $547,157.89 0.35%
Nevada 5 $235,997.97 0.15%
New Hampshire 2 $56,765.98 0.04%
New Jersey 174 $14,500,082.27 9.36%
New Mexico 23 $1,254,875.12 0.81%
New York 316 $25,716,393.70 16.61%
North Carolina 111 $6,483,271.02 4.19%
Ohio 120 $8,668,994.84 5.60%
Oklahoma 12 $524,929.15 0.34%
Oregon 11 $778,340.31 0.50%
Pennsylvania 66 $4,270,037.50 2.76%
Rhode Island 26 $2,001,180.47 1.29%
South Carolina 45 $2,388,657.44 1.54%
Tennessee 21 $1,622,216.19 1.05%
Texas 1 $57,745.54 0.04%
Utah 30 $1,995,181.80 1.29%
Vermont 2 $112,723.27 0.07%
Virginia 46 $2,760,958.66 1.78%
Washington 6 $346,982.89 0.22%
West Virginia 4 $244,914.91 0.16%
Wisconsin 14 $1,025,248.98 0.66%
Wyoming 3 $148,207.07 0.10%
----------------------------------------------------------
Total 2,262 $154,857,894.46 100.00%
==========================================================
<PAGE>
Priority of Mortgage Loans
- ---------------------------------------------------------------------------
Percentage of
Cut-off Date
Number of Cut-off Date Aggregate
Priority Mortgage Loans Principal Balance Principal Balance
- ---------------------------------------------------------------------------
First-priority 1,762 $137,888,336.89 89.04%
Second-priority 500 $16,969,557.57 10.96%
------------------------------------------------------
Total 2,262 $154,857,894.46 100.00%
======================================================
Year of Origination
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Percentage of
Cut-off Date
Year of Number of Cut-off Date Aggregate
Origination Mortgage Loans Principal Balance Principal Balance
===========================================================================
1998 680 $44,173,580.24 28.53%
1997 1,565 $109,597,474.31 70.77%
1996 2 $37,113.10 0.02%
1995 4 $89,660.35 0.06%
1994 6 $300,162.28 0.19%
1993 4 $354,401.69 0.23%
1992 1 $305,502.49 0.20%
------------------------------------------------------
Total 2,262 $154,857,894.46 100.00%
======================================================
Months Remaining to Stated Maturity as of the Cut-off Date
- ----------------------------------------------------------------------------
Percentage of
Number of Months Cut-off Date
Remaining to Number of Cut-off Date Aggregate
Stated Maturity Mortgage Loans Principal Balance Principal Balance
- ----------------------------------------------------------------------------
36 - 59 18 $479,512.17 0.31%
60 - 83 14 $408,990.73 0.26%
84 - 107 4 $147,831.22 0.10%
108 - 131 230 $9,080,752.25 5.86%
132 - 155 15 $774,442.31 0.50%
156 - 179 794 $53,151,251.45 34.32%
180 - 239 617 $41,019,595.23 26.49%
240 & Above 570 $49,795,519.10 32.16%
-------------------------------------------------------
Total 2,262 $154,857,894.46 100.00%
=======================================================
<PAGE>
Types of Mortgaged Properties (1)
- ----------------------------------------------------------------------------
Percentage of
Cut-off Date Cut-off Date
Number of Principal Aggregate
Property Type Mortgage Loans Balance Principal Balance
- ----------------------------------------------------------------------------
Single-family 2,017 $136,720,422.48 88.29%
detached(1)
Single-family attached 92 $5,811,849.64 3.75%
2 - 4 family 118 $10,055,379.60 6.49%
Condo 35 $2,270,242.74 1.47%
-------------------------------------------------------
Total 2,262 $154,857,894.46 100.00%
=======================================================
(1) Approximately 3.51% of the single-family detached units will
be manufactured homes.
Use of Mortgaged Properties (1)(2)
- ----------------------------------------------------------------------------
Percentage of
Cut-off Date Cut-off Date
Number of Principal Aggregate
Use Mortgage Loans Balance Principal Balance
- ----------------------------------------------------------------------------
Primary residence 2,199 $151,386,256.32 97.76%
Non-primary
residence(2) 63 $3,471,638.14 2.24%
-------------------------------------------------------
Total 2,262 $154,857,894.46 100.00%
=======================================================
(1) Based on information supplied by the Mortgagor in the loan
application.
(2) The Company believes that the majority of the non-primary
residences are investment properties.
Second-Lien
Combined Loan-to-Value Ratio (1) (2)
(for Second-Lien Mortgage Loans)
- ----------------------------------------------------------------------------
Percentage of
Range of Number of Cut-off Cut-off Date
Combined Mortgage Loans Date Aggregate Principal
Loan-to-Value in a Second- Principal Balance in a
Ratios Lien Position Balance Second-Lien Position
- ----------------------------------------------------------------------------
20.01 - 30.00 3 $97,697.69 0.58%
30.01 - 40.00 19 $638,474.60 3.76%
40.01 - 50.00 20 $606,818.43 3.58%
50.01 - 60.00 40 $1,377,080.71 8.12%
60.01 - 70.00 82 $3,109,933.63 18.33%
70.01 - 75.00 53 $1,835,709.85 10.82%
75.01 - 80.00 154 $5,002,444.06 29.48%
80.01 - 85.00 126 $4,229,660.62 24.92%
85.01 - 90.00 1 $36,527.00 0.22%
90.01 & Above 2 $35,210.98 0.21%
-------------------------------------------------------
Total 500 $16,969,557.57 100.00%
=======================================================
(1) The "Second-Lien Combined Loan-to-Value Ratio" of a
second-lien Mortgage Loan is the ratio (expressed as a
percentage) that the sum of the original principal balance of
such Mortgage Loan and the then current principal balance of
the related first-lien mortgage loan, bears to the appraised
value of the related Mortgaged Property at the time such
Mortgage Loan was originated (or if the proceeds of such
Mortgage Loan were used to refinance an existing mortgage, the
appraised value based on a recent appraisal).
(2) The weighted average of the Second-Lien Combined Loan-to-Value
Ratio for second-lien Mortgage Loans is approximately 72.11%.
<PAGE>
Home Equity Loan-to-Value Ratio (1) (2)
- ----------------------------------------------------------------------------
Range of Number of Cut-off Percentage of
Home Equity of Date Cut-off Date
Loan-to-Value Mortgage Principal Aggregate
Ratios Loans Balance Principal Balance
- ----------------------------------------------------------------------------
0.00 - 10.00% 48 $980,130.13 0.63%
10.01 - 20.00 231 $6,127,356.73 3.96%
20.01 - 30.00 174 $6,235,447.57 4.03%
30.01 - 40.00 106 $4,533,546.93 2.93%
40.01 - 50.00 110 $5,699,851.43 3.68%
50.01 - 60.00 130 $8,878,643.21 5.73%
60.01 - 70.00 207 $14,366,607.89 9.28%
70.01 - 75.00 191 $15,321,382.53 9.89%
75.01 - 80.00 607 $53,050,048.94 34.26%
80.01 - 85.00 209 $17,787,861.50 11.49%
85.01 - 90.00 248 $21,708,930.75 14.02%
90.01 & Above 1 $168,086.85 0.11%
-------------------------------------------------------
Total 2,262 $154,857,894.46 100.00%
=======================================================
(1) The "Home Equity Loan-to-Value Ratio" of a Mortgage Loan is
the ratio (expressed as a percentage) that the original
principal balance of such Mortgage Loan bears to the appraised
value (or, with respect to approximately 4.37% of the Mortgage
Loans, the lesser of (i) the appraised value or (ii) the
selling price) of the related Mortgaged Property at the time
such Mortgage Loan was originated (or if the proceeds of such
Mortgage Loan were used to refinance an existing mortgage, the
appraised value based on a recent appraisal).
(2) The weighted average of the Home Equity Loan-to-Value Ratios
for the Mortgage Loans is approximately 70.45%. The weighted
average of the Home Equity Loan-to-Value Ratios for the
first-lien Mortgage Loans and the second-lien Mortgage Loans
is approximately 75.87% and 26.42%, respectively.
<PAGE>
Home Equity Loan Ratio (1) (2)
(for second-lien Mortgage Loans)
- ----------------------------------------------------------------------------
Percentage of
Cut-off Date
Number of Cut-off Aggregate Principal
Mortgage Loans Date Balance of Mortgage
Range of Home in a Second- Principal Loans in a
Equity Loan Ratios Lien Position Balance Second-Lien Position
- ----------------------------------------------------------------------------
0 - 10.00% 12 $201,096.73 1.19%
10.01 - 20.00 127 $2,995,872.25 17.65%
20.01 - 30.00 143 $4,296,721.88 25.32%
30.01 - 40.00 97 $3,314,887.46 19.53%
40.01 - 50.00 51 $1,860,368.89 10.96%
50.01 - 60.00 24 $1,692,190.62 9.97%
60.01 - 70.00 21 $1,033,037.24 6.09%
70.01 - 75.00 7 $270,789.94 1.60%
75.01 - 80.00 7 $489,197.65 2.88%
80.01 - 85.00 5 $300,693.24 1.77%
85.01 - 90.00 4 $343,462.00 2.02%
90.01 - 100.00 2 $171,239.67 1.01%
-------------------------------------------------------
Total: 500 $16,969,557.57 100.00%
=======================================================
(1) The "Home Equity Loan Ratio" of a second-lien Mortgage Loan is
the ratio (expressed as a percentage) that the original
principal balance of such Mortgage Loan bears to the total of
the original principal balance of such Mortgage Loan plus the
outstanding amount of the related first-lien Mortgage Loan at
the time such Mortgage Loan was originated.
(2) The weighted average of the Home Equity Loan Ratios of the
second-lien Mortgage Loans is approximately 37.85%.
Loan Type
- ----------------------------------------------------------------------------
Percentage of
Cut-off Date
Number of Cut-off Date Aggregate
Type Mortgage Loans Principal Balance Principal Balance
- ----------------------------------------------------------------------------
Fully amortizing 1,821 $115,594,248.09 74.65%
Balloon 441 $39,263,646.37 25.35%
-------------------------------------------------------
Total 2,262 $154,857,894.46 100.00%
=======================================================
Months Remaining to Stated Maturity as of the Cut-off Date
(for Balloon Loans)
- ----------------------------------------------------------------------------
Percentage of
Number of Months Number of Cut-off Cut-off Date
Remaining to Stated Balloon Date Aggregate
Maturity as of Cut-off Mortgage Principal Principal Balance
Date Loans Balance of Balloon Loans
- ----------------------------------------------------------------------------
108 - 131 2 $324,501.42 0.83%
132 - 155 5 $401,830.75 1.02%
156 - 180 434 $38,537,314.20 98.15%
-------------------------------------------------------
Total 441 $39,263,646.37 100.00%
=======================================================
<PAGE>
ITEM 7 FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS AND EXHIBITS
1.1 The Underwriting Agreement for the Series 1998-HE1
Certificates dated September 24, 1996, as modified and
supplemented by the related terms agreement dated March 24,
1998, between GE Capital Mortgage Services, Inc., and
Prudential Securities Incorporated.
4.1 The Pooling and Servicing Agreement for the Series 1998-HE1
Certificates dated as of March 1, 1998 between GE Capital
Mortgage Services, Inc., as seller and servicer, and The
First National Bank of Chicago, as trustee.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned thereunto
duly authorized.
GE Capital Mortgage Services, Inc.
By: /s/ Syed W. Ali
---------------
Name: Syed W. Ali
Title: Vice President
Dated as of March 27, 1998
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned thereunto
duly authorized.
GE Capital Mortgage Services, Inc.
By: --------------
Name: Syed W. Ali
Title: Vice President
Dated as of March 27, 1998
<PAGE>
EXHIBIT INDEX
The exhibits are being filed herewith:
- ----------------------------------------------------------------------------
EXHIBIT NO. DESCRIPTION PAGE
- ----------------------------------------------------------------------------
1.1 The Underwriting Agreement dated
September 24, 1996, as modified
and supplemented by the related
terms agreement dated March 24,
1998 between GE Capital Mortgage
Services, Inc., and Prudential
Securities Incorporated.
4.1 The Pooling and Servicing
Agreement for the Series 1998-HE1
Certificates dated as of March 1,
1998 between GE Capital Mortgage
Services, Inc., as seller and servicer,
and The First National Bank of
Chicago, as trustee.
- ----------------------------------------------------------------------------
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
Prudential Securities Incorporated New York, New York
One New York Plaza September 24, 1996
New York, New York 10292
Ladies and Gentlemen:
GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"), may offer for sale from time to time its
Pass-Through Certificates evidencing interests in pools of
mortgage loans (the "Certificates"). The Certificates may be
issued in various series, and within each series, in one or more
classes, in one or more offerings on terms determined at the time
of sale (each such series, a "Series" and each such class, a
"Class"). Each Series of the Certificates will be issued under a
separate Pooling and Servicing Agreement (each, a "Pooling and
Servicing Agreement") to be dated as of the respective cut-off
date (each, a "Cut-off Date") between the Company, as seller and
servicer, and the trustee named therein (the "Trustee").
Capitalized terms used but not defined herein shall have the
meanings given to them in the related Pooling and Servicing
Agreement.
The Certificates issued under each Pooling and
Servicing Agreement will represent the entire beneficial
ownership interest in a trust fund (the "Trust Fund") established
by such Pooling and Servicing Agreement. The assets of each Trust
Fund will consist primarily of a pool of closed end, fixed rate,
first- or second-lien, home equity mortgage loans (the "Mortgage
Loans") having the original terms to maturity, interest rate
types and amortization characteristics specified in the related
Terms Agreement referred to hereinbelow. If specified in the
related Prospectus Supplement, the Certificates will have the
benefit of a Supplemental Agreement, dated as of the respective
Cut-off Date (the "Supplemental Agreement"), among the Company,
General Electric Capital Corporation ("GECC") and the Trustee. If
so specified in the related Terms Agreement, one or more
elections may be made to treat the assets of each Trust Fund as a
real estate mortgage investment conduit (each, a "REMIC") for
federal income tax purposes.
<PAGE>
Underwritten offerings of Certificates may be made
through you or through an underwriting syndicate managed by you.
The Company proposes to sell one or more Series of the
Certificates to you and to each of the other several
underwriters, if any, participating in an underwriting syndicate
managed by you. It is understood, however, that the Company may
elect to retain, through the execution of one or more
underwriting agreements in addition to this Agreement, one or
more additional underwriters other than you to underwrite, or
manage the underwriting syndicate with respect to, any offering
of one or more Series of its Certificates.
Whenever the Company determines to make an offering of
Certificates (each, a "Certificate Offering") pursuant to this
Agreement through you, it will enter into an agreement with you
(the "Terms Agreement") providing for the sale of specified
Classes of Offered Certificates (as defined below) to, and the
purchase and public offering thereof by, you and such other
underwriters, if any, selected by you as have authorized you to
enter into such Terms Agreement on their behalf (the underwriters
designated in any such Terms Agreement being referred to herein
as "Underwriters," which term shall include you whether acting
alone in the sale of any Offered Certificates of any series or as
a member of an underwriting syndicate). Each such Certificate
Offering which the Company elects to make pursuant to this
Agreement shall be governed by this Agreement, as supplemented by
the related Terms Agreement, and this Agreement and such Terms
Agreement shall inure to the benefit of and be binding upon each
underwriter participating in the offering of such Offered
Certificates. Each Terms Agreement, which shall be substantially
in the form of Exhibit A hereto, shall specify, among other
things, the Classes of Certificates to be purchased by the
Underwriters (the "Offered Certificates"), the principal balance
or balances of the Offered Certificates, each subject to any
stated variance, the names of the Underwriters participating in
such offering (subject to substitution as provided in Section 12
hereof) and the price or prices at which such Offered
Certificates are to be purchased by the Underwriters from the
Company.
1. Representations and Warranties. (a) The Company
represents and warrants to and agrees with the Underwriters, as
of the date of the related Terms Agreement, that:
(i) The registration statement
specified in the related Terms Agreement, on Form S-3,
including a prospectus, has been filed with the
Securities and Exchange Commission (the "Commission")
for the registration under the Securities Act of 1933,
as amended (the "Act"), of pass-through certificates
issuable in series, which registration statement has
been declared effective by the Commission. Such
- 2 -
<PAGE>
registration statement, as amended to the date of the
related Terms Agreement, including any documents
incorporated by reference therein pursuant to Item 12
of Form S-3 under the Act which were filed under the
Securities Exchange Act of 1934, as amended (the
"Exchange Act"), on or before the effective date of
the Registration Statement, is hereinafter called the
"Registration Statement," and such prospectus, as such
prospectus is supplemented by a prospectus supplement
relating to the Offered Certificates of the related
Series, each in the form first filed after the date of
the related Terms Agreement pursuant to Rule 424(b)
under the Act, including any documents incorporated by
reference therein pursuant to Item 12 of Form S-3
under the Act which were filed under the Exchange Act
on or before the date of such Prospectus Supplement
(other than any such incorporated documents that
relate to Collateral Term Sheets (as defined herein))
(such prospectus supplement, including such
incorporated documents (other than those that relate
to Collateral Term Sheets), in the form first filed
after the date of the related Terms Agreement pursuant
to Rule 424(b) is hereinafter called the "Prospectus
Supplement"), is hereinafter called the "Final
Prospectus". Any preliminary prospectus, including any
preliminary prospectus supplement which, as completed,
is proposed to be used in connection with the sale of
a Series of Offered Certificates and any prospectus
filed with the Commission pursuant to Rule 424(a) of
the Act is hereinafter referred to as a "Preliminary
Prospectus"; it being understood that the Company is
not obligated to prepare any such Preliminary
Prospectus without its consent. Any reference herein
to the terms "amend," "amendment" or "supplement" with
respect to the Registration Statement, the Preliminary
Prospectus, the Final Prospectus or the Prospectus
Supplement shall be deemed to refer to and include the
filing of any document under the Exchange Act after
the effective date of the Registration Statement or
the issue date of the Preliminary Prospectus, the
Final Prospectus or Prospectus Supplement, as the case
may be, deemed to be incorporated therein by reference
pursuant to Item 12 of Form S-3 under the Act.
(ii) The related Registration Statement,
at the time it became effective, and the prospectus
contained therein, and any amendments thereof and
supplements thereto filed prior to the date of the
related Terms Agreement, conformed in all material
respects to the requirements of the Act and the rules
and regulations of the Commission thereunder; on the
date of the related Terms Agreement and on each Closing
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Date (as defined in Section 3 below), the related
Registration Statement and the related Final
Prospectus, and any amendments thereof and supplements
thereto, will conform in all material respects to the
requirements of the Act and the rules and regulations
of the Commission thereunder; such Registration
Statement, at the time it became effective, did not
contain any untrue statement of a material fact or
omit to state a material fact required to be stated
therein or necessary to make the statements therein
not misleading; such Final Prospectus, on the date of
any filing pursuant to Rule 424(b) and on each Closing
Date, will not include any untrue statement of a
material fact or omit to state a material fact
necessary to make the statements therein, in the light
of the circumstances under which they are made, not
misleading; and the Detailed Description referred to
in such Final Prospectus, on each Closing Date and the
date of any filing thereof under cover of Form 8-K,
will not include any untrue statement of a material
fact or omit to state any information which such Final
Prospectus states will be included in such Detailed
Description; provided, however, that the Company makes
no representations or warranties as to the information
contained in or omitted from (A) such Registration
Statement or such Final Prospectus (or any supplement
thereto) in reliance upon and in conformity with
written information furnished to the Company by or on
behalf of the Underwriters specifically for use in the
preparation thereof or (B) any Current Report (as
defined in Section 5(b) below), or in any amendment
thereof or supplement thereto, incorporated by
reference in such Registration Statement or such Final
Prospectus (or any amendment thereof or supplement
thereto).
(iii) The Certificates of the related
Series will conform to the description thereof
contained in the related Final Prospectus; and will
each on the related Closing Date be duly and validly
authorized, and, when validly executed, countersigned,
issued and delivered in accordance with the related
Pooling and Servicing Agreement and sold to you as
provided herein and in the related Terms Agreement,
will each be validly issued and outstanding and
entitled to the benefits of the related Pooling and
Servicing Agreement.
(iv) Neither the issuance nor sale of the
Certificates of the related Series nor the
consummation of any other of the transactions herein
contemplated, nor the fulfillment of the terms hereof
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or of the related Terms Agreement, will conflict with
any statute, order or regulation applicable to the
Company of any court, regulatory body, administrative
agency or governmental body having jurisdiction over
the Company or with any organizational document of the
Company or any instrument or any agreement under which
the Company is bound or to which it is a party.
(v) This Agreement and the related Terms
Agreement have been duly authorized, executed and
delivered by the Company.
(vi) At or prior to the related Closing
Date, the Company will have entered into the related
Pooling and Servicing Agreement and, if applicable,
the related Supplemental Agreement and, assuming the
due authorization, execution and delivery thereof by
the Trustee, and by GECC, in the case of the
Supplemental Agreement, such Pooling and Servicing
Agreement and such Supplemental Agreement (each on
such Closing Date) will each constitute the valid and
binding agreement of the Company enforceable in
accordance with its terms, subject as to
enforceability, to bankruptcy, insolvency,
reorganization or other similar laws affecting
creditors' rights and to general principles of equity
(regardless of whether the enforceability of each such
Pooling and Servicing Agreement or such Supplemental
Agreement is considered in a proceeding in equity or
at law).
2. Purchase and Sale. Subject to the execution of the
Terms Agreement for a particular Certificate Offering and subject
to the terms and conditions and in reliance upon the
representations and warranties set forth in this Agreement and
such Terms Agreement, the Company agrees to sell to each
Underwriter, severally and not jointly, and each Underwriter,
severally and not jointly, agrees to purchase from the Company,
the respective original principal amounts of the related Offered
Certificates set forth in the related Terms Agreement opposite
the name of such Underwriter, plus any additional original
principal amount of Offered Certificates which such Underwriter
may be obligated to purchase pursuant to Section 12 hereof, at
the purchase price therefor set forth in such Terms Agreement
(the "Purchase Price").
The parties hereto agree that settlement for all
securities sold pursuant to this Agreement and the applicable
Terms Agreement shall take place on the settlement date agreed
upon at the time of the related transaction and set forth as the
"Closing Date" in such Terms Agreement and not as set forth in
Rule 15c6-1(a) of the Exchange Act.
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3. Delivery and Payment. Delivery of and payment for
the Offered Certificates of a Series shall be made at the offices
of Cleary, Gottlieb, Steen & Hamilton, New York, New York, at
10:00 A.M., New York City time, on the Closing Date specified in
the related Terms Agreement, which date and time may be postponed
by agreement between the Underwriters and the Company (such date
and time being herein called the "Closing Date"). Delivery of
such Offered Certificates shall be made to the Underwriters
against payment by the Underwriters of the Purchase Price thereof
to or upon the order of the Company by wire transfer in federal
or other immediately available funds or by check payable in
federal funds, as the Company shall specify no later than five
full business days prior to such Closing Date. Unless delivery is
made through the facilities of The Depository Trust Company, the
Offered Certificates shall be registered in such names and in
such authorized denominations as the Underwriters may request not
less than two full business days in advance of each Closing Date.
The Company agrees to notify the Underwriters at least
two business days before each Closing Date of the exact principal
balance evidenced by the Offered Certificates and to have such
Offered Certificates available for inspection, checking and
packaging in New York, New York, no later than 12:00 noon on the
business day prior to such Closing Date.
4. Offering by the Underwriters. It is understood that
the Underwriters propose to offer the Offered Certificates of the
related Series for sale to the public as set forth in the related
Final Prospectus.
5. Agreements. The Company agrees with the
Underwriters that:
(a) The Company will cause the each of the
Preliminary Prospectus and the Final Prospectus as
supplemented by a Prospectus Supplement relating to the
Offered Certificates to be filed pursuant to Rule 424 under
the Act and will promptly advise the Underwriters when such
Preliminary Prospectus and such Final Prospectus as so
supplemented has been so filed, and prior to the
termination of the Certificate Offering to which such
Preliminary Prospectus and Final Prospectus relates also
will promptly advise the Underwriters (i) when any
amendment to the related Registration Statement
specifically relating to such Offered Certificates shall
have become effective or any further supplement to such
Preliminary Prospectus or such Final Prospectus has been
filed, (ii) of any request by the Commission for any
amendment of such Registration Statement, Preliminary
Prospectus or Final Prospectus or for any additional
information, (iii) of the issuance by the Commission of any
stop order suspending the effectiveness of such
Registration Statement or the institution or
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threatening of any proceeding for that purpose and (iv) of
the receipt by the Company of any written notification with
respect to the suspension of the qualification of such
Offered Certificates for sale in any jurisdiction or the
initiation or threatening of any proceeding for such
purpose. The Company will not file any amendment of the
related Registration Statement or supplement to the related
Preliminary Prospectus or Final Prospectus (other than any
amendment or supplement specifically relating to one or
more Series of pass-through certificates other than the
Series that includes the related Offered Certificates)
unless the Company has furnished the Underwriters with a
copy for its review prior to filing. The Company will use
its best efforts to prevent the issuance of any such stop
order and, if issued, to obtain as soon as possible the
withdrawal thereof.
(b) The Company will cause any Computational
Materials and any Structural Term Sheets (each as defined
in Section 8 below) with respect to the Offered
Certificates of a Series that are delivered by an
Underwriter to the Company pursuant to Section 8 to be
filed with the Commission on a Current Report on Form 8-K
(each such filing of such materials, a "Current Report")
pursuant to Rule 13a-11 under the Exchange Act on the
business day immediately following the later of (i) the day
on which such Computational Materials and Structural Term
Sheets are delivered to counsel for the Company by an
Underwriter prior to 10:30 a.m. and (ii) the date on which
this Agreement is executed and delivered. The Company will
cause one Collateral Term Sheet (as defined in Section 9
below) with respect to the Offered Certificates of a Series
that is delivered by the Underwriters to the Company in
accordance with the provisions of Section 9 to be filed
with the Commission on a Current Report pursuant to Rule
13a-11 under the Exchange Act on the business day
immediately following the day on which such Collateral Term
Sheet is delivered to counsel for the Company by the
Underwriters prior to 10:30 a.m. In addition, if at any
time prior to the availability of the related Prospectus
Supplement, the Underwriters have delivered to any
prospective investor a subsequent Collateral Term Sheet
that reflects, in the reasonable judgment of the
Underwriters and the Company, a material change in the
characteristics of the Mortgage Loans for the related
Series from those on which a Collateral Term Sheet with
respect to the related Series previously filed with the
Commission was based, the Company will cause any such
Collateral Term Sheet that is delivered by the Underwriters
to the Company in accordance with the provisions of Section
9 to be filed with the Commission on a Current Report on
the business day immediately following the day on which
such Collateral Term Sheet is delivered to counsel for the
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<PAGE>
Company by the Underwriters prior to 10:30 a.m. In each
case, the Company will promptly advise the Underwriters
when such Current Report has been so filed. Each such
Current Report shall be incorporated by reference in the
related Final Prospectus and the related Registration
Statement. Notwithstanding the five preceding sentences,
the Company shall have no obligation to file any materials
provided by the Underwriters pursuant to Sections 8 and 9
which, in the reasonable determination of the Company after
making reasonable efforts to consult with the Underwriters,
are not required to be filed pursuant to the Kidder Letters
or the PSA Letter (each as defined in Section 8 below), or
which contain erroneous information or contain any untrue
statement of a material fact or, when read in conjunction
with the Final Prospectus and Prospectus Supplement, omit
to state a material fact required to be stated therein or
necessary to make the statements therein not misleading; it
being understood, however, that the Company shall have no
obligation to review or pass upon the accuracy or adequacy
of, or to correct, any Computational Materials, Structural
Term Sheets or Collateral Term Sheets provided by the
Underwriters to the Company pursuant to Section 8 or
Section 9 hereof. The Company shall give notice to the
Underwriters of its determination not to file any materials
pursuant to clause (i) of the preceding sentence and agrees
to file such materials if the Underwriters reasonably
object to such determination within one business day after
receipt of such notice.
(c) If, at any time when a prospectus relating to
the Offered Certificates of a Series is required to be
delivered under the Act, any event occurs as a result of
which the related Final Prospectus as then amended or
supplemented would include any untrue statement of a
material fact or omit to state any material fact necessary
to make the statements therein in light of the
circumstances under which they were made not misleading, or
if it shall be necessary at any time to amend or supplement
the related Final Prospectus to comply with the Act or the
rules thereunder, the Company promptly will prepare and
file with the Commission, subject to paragraph (a) of this
Section 5, an amendment or supplement which will correct
such statement or omission or an amendment which will
effect such compliance; provided, however, that the Company
will not be required to file any such amendment or
supplement with respect to any Computational Materials,
Structural Term Sheets or Collateral Term Sheets incorporated
by reference in the Final Prospectus other than any amendments
or supplements of such Computational Materials or Structural
Term Sheets that are furnished to the Company by the Under-
writers pursuant to Section 8(e) hereof or any amendments
or supplements of such Collateral Term Sheets
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<PAGE>
that are furnished to the Company by the Underwriters
pursuant to Section 9(d) hereof which are required to be
filed in accordance therewith.
(d) The Company will furnish to the Underwriters
and counsel for the Underwriters, without charge, as many
signed copies of the related Registration Statement
(including exhibits thereto) and, so long as delivery of a
prospectus by the Underwriters or dealer may be required by
the Act, as many copies of the related Preliminary
Prospectus and the related Final Prospectus and any
supplements thereto (other than exhibits to the related
Current Report) as the Underwriters may reasonably request.
(e) The Company will furnish such information,
execute such instruments and take such actions as may be
reasonably requested by the Underwriters to qualify the
Offered Certificates of a Series for sale under the laws of
such jurisdictions as the Underwriters may designate, to
maintain such qualifications in effect so long as required
for the distribution of such Offered Certificates and to
determine the legality of such Offered Certificates for
purchase by institutional investors; provided, however,
that the Company shall not be required to qualify to do
business in any jurisdiction where it is not qualified on
the date of the related Terms Agreement or to take any
action which would subject it to general or unlimited
service of process in any jurisdiction in which it is not,
on the date of the related Terms Agreement, subject to such
service of process.
(f) So long as the Offered Certificates of a
Series are outstanding, the Company will furnish to the
Underwriters copies of the annual independent public
accountants' servicing report furnished to the Trustee
pursuant to Section 3.13 of the related Pooling and
Servicing Agreement.
(g) Whether or not the transactions contemplated
hereby and by the related Terms Agreement shall be
consummated, the Company shall be responsible for the
payment of any costs and expenses for which details are
submitted, in connection with the performance of its
obligations under this Agreement and the related Terms
Agreement, including, without limitation, (a) the cost and
expenses of printing or otherwise reproducing the related
Registration Statement, the related Preliminary Prospectus,
the related Final Prospectus, this Agreement, the related
Terms Agreement, the related Pooling and Servicing
Agreement and the Offered Certificates, and (b) the cost of
delivering the related Offered Certificates to the office
of the Underwriters, insured to the satisfaction of the
Underwriters (it being understood that, except as provided
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<PAGE>
in this paragraph (g) and in Section 7 hereof, the
Underwriters will pay all their own costs and expenses,
including the fees of Brown & Wood LLP, counsel for the
Underwriters, transfer taxes on resale of any Offered
Certificates by them, advertising expenses connected with
any offers that they may make, the fees of KPMG Peat
Marwick LLP with respect to its letters furnished pursuant
to Section 6(l) of the Agreement and any letter furnished
pursuant to the last sentence of Section 6(k) hereof, the
fees of any firm of public accountants selected by the
Underwriters with respect to their letter furnished
pursuant to Section 8(c) of the Agreement and any other
costs and expenses specified in the related Terms Agreement
as "Additional Expenses", and all expenses (e.g., shipping,
postage and courier costs) associated with the delivery of
the related Prospectus to prospective investors and
investors, other than the costs of delivery to the
Underwriter's facilities, provided, that if courier
services (other than overnight delivery services utilized
in the ordinary course of business) are required to ensure
that such Prospectus is delivered to investors on the day
immediately preceding the related Closing Date, the Company
will pay such courier expenses).
6. Conditions to the Obligations of the Underwriters.
The obligations of the Underwriters to purchase the Offered
Certificates of any Series shall be subject to the accuracy in
all material respects of the representations and warranties on
the part of the Company contained in this Agreement, as
supplemented by the related Terms Agreement, as of the respective
dates thereof and the related Closing Date, to the accuracy of
the statements of the Company made in any applicable officers'
certificates pursuant to the provisions hereof, to the
performance by the Company of its obligations under this
Agreement and such Terms Agreement and to the following
additional conditions applicable to the related Certificate
Offering:
(a) No stop order suspending the effectiveness of
the related Registration Statement shall have been issued
and no proceedings for that purpose shall have been
instituted or threatened.
(b) Cleary, Gottlieb, Steen & Hamilton, counsel
for the Company, shall have furnished to the Underwriters
an opinion, dated the related Closing Date, to the effect
that:
(i) this Agreement and the related Terms
Agreement have been duly executed and delivered by the
Company under the law of the State of New York;
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<PAGE>
(ii) each of the related Pooling and
Servicing Agreement and, if applicable, the related
Supplemental Agreement has been duly executed and
delivered by the Company under the law of the State of
New York and is a legal, valid and binding agreement
of the Company enforceable against the Company in
accordance with its terms;
(iii) the Offered Certificates, when duly
executed and countersigned by the Trustee in
accordance with the related Pooling and Servicing
Agreement, will be validly issued and outstanding and
entitled to the benefits of such Pooling and Servicing
Agreement;
(iv) the related Pooling and Servicing
Agreement is not required to be qualified under the
Trust Indenture Act of 1939, as amended, and the trust
created thereunder is not required to be registered
under the Investment Company Act of 1940, as amended;
(v) such counsel confirms that (based
solely upon telephonic confirmation from a
representative of the Commission) the related
Registration Statement is effective under the Act and,
to the best of such counsel's knowledge, no stop order
with respect thereto has been issued, and no
proceeding for that purpose has been instituted or
threatened by the Commission under the Act; such
Registration Statement (except the financial
statements and schedules and other financial and
statistical data included therein and the documents
incorporated by reference therein, as to which such
counsel need express no view), at the time it became
effective and the related Final Prospectus (except the
financial statements and schedules and the other
financial and statistical data included therein, the
documents incorporated by reference therein and any
Underwriter-Provided Information (as defined herein)
as to which such counsel need express no view), as of
the date of the Prospectus Supplement, appeared on
their face to be appropriately responsive in all
material respects to the requirements of the Act and
the rules and regulations thereunder; and no
information has come to the attention of such counsel
that causes it to believe that (A) such Registration
Statement (except the financial statements and
schedules and the other financial and statistical data
included therein and the documents incorporated by
reference therein, as to which such counsel need
express no view) at the time it became effective,
contained an untrue statement of a material fact or
omitted to state a material fact required to be
stated therein or necessary to make the
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<PAGE>
statements therein not misleading or (B) such Final
Prospectus or any amendment or supplement thereto
(except the financial statements and schedules and the
other financial and statistical data included therein
and the documents incorporated by reference therein
and any Underwriter-Provided Information, as to which
such counsel need express no view), as of the date of
the Prospectus Supplement or at the related Closing
Date, contained or contains an untrue statement of a
material fact or omitted or omits to state a material
fact necessary in order to make the statements
therein, in the light of the circumstances under which
they were made, not misleading;
(vi) the statements set forth under the
heading "Description of the Certificates" in the
related Final Prospectus, insofar as such statements
purport to summarize certain provisions of the related
Pooling and Servicing Agreement and the related
Offered Certificates, provide a fair summary of such
provisions;
(vii) the statements set forth in the
related Final Prospectus under the headings "Certain
Legal Aspects of the Mortgage Loans and Contracts
--The Mortgage Loans", "Certain Federal Income Tax
Consequences" (insofar as they relate specifically to
the purchase, ownership and disposition of the related
Offered Certificates) and "ERISA Considerations"
(insofar as they relate specifically to the purchase,
ownership and disposition of such Offered
Certificates), to the extent that they constitute
matters of law or legal conclusions, provide a fair
summary of such law or conclusions; and
(viii) assuming compliance with all
provisions of the related Pooling and Servicing
Agreement, for federal income tax purposes, (A) if any
election is made to treat the assets of the Trust Fund
(other than assets excluded from a REMIC, as described
in the Final Prospectus) as one or more REMICs: the
related Trust Fund and any specified subgrouping
therein (other than any such excluded assets) will
qualify as one or more REMICs pursuant to Section 860D
of the Internal Revenue Code of 1986, as amended (the
"Code"), each Class of Certificates of the related
Series, other than the related Residual Class or
Classes, will constitute a class of "regular
interests" in a related REMIC within the meaning of
the Code, and each Class of such Certificates specified
in the related Final Prospectus as a Class of Residual
Certificates will constitute the "residual interest" in
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<PAGE>
a related REMIC within the meaning of the Code; (B) if
no such REMIC election is made: the Trust Fund will be
treated as a "grantor trust".
Such opinion may express its reliance as to factual matters
on the representations and warranties made by, and on
certificates or other documents furnished by, officers of
the parties to this Agreement, the related Terms Agreement,
the related Pooling and Servicing Agreement or the related
Supplement Agreement. Such opinion may assume the due
authorization, execution and delivery of the instruments
and documents referred to therein by the parties thereto
other than the Company. Such opinion may be qualified,
insofar as it concerns the enforceability of the documents
referred to therein, to the extent that such enforceability
may be limited by bankruptcy, insolvency, reorganization or
other similar laws affecting the enforcement of creditors'
rights in general and by general equity principles
(regardless of whether such enforcement is considered in a
proceeding in equity or at law). Such opinion may be
further qualified as expressing no opinion as to (x) the
statements in the related Final Prospectus under the
heading "Certain Legal Aspects of the Mortgage Loans and
Contracts -- The Mortgage Loans" except insofar as such
statements relate to the laws of the State of New York and
the laws of the United States, and (y) the statements in
such Final Prospectus under the headings "ERISA
Considerations" and "Certain Federal Income Tax
Consequences" except insofar as such statements relate to
the laws of the United States. In addition, such opinion
may be qualified as an opinion only on the laws of the
State of New York and the laws of the United States.
(c) The General Counsel for the Company shall
have furnished to the Underwriters an opinion, dated the
related Closing Date, to the effect that:
(i) The Company has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the State of New
Jersey, with corporate power to own its properties, to
conduct its business as described in the related Final
Prospectus and to enter into and perform its
obligations under this Agreement, the related Terms
Agreement, the related Pooling and Servicing
Agreement, the related Supplemental Agreement and the
Certificates of the related Series;
(ii) The Company has full power and
authority to sell and service the related Mortgage
Loans as contemplated herein and in the related
Pooling and Servicing Agreement;
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<PAGE>
(iii) No consent, approval, authorization
or order of any court or governmental agency or body
is required for the consummation by the Company of the
transactions contemplated herein, in the related
Pooling and Servicing Agreement or in the related
Supplemental Agreement, except such as may be required
under the blue sky laws of any jurisdiction and such
other approvals as have been obtained;
(iv) Neither the issuance of the
Certificates of the related Series nor delivery of the
related Offered Certificates, nor the consummation of
any other of the transactions contemplated in this
Agreement, the related Terms Agreement, the related
Pooling and Servicing Agreement or the related
Supplemental Agreement, nor the fulfillment of the
terms of the related Certificates, the related Pooling
and Servicing Agreement, the related Supplemental
Agreement, this Agreement or the related Terms
Agreement will conflict with or violate any term or
provision of the articles of incorporation or by-laws
of the Company or any statute, order or regulation
applicable to the Company of any court, regulatory
body, administrative agency or governmental body
having jurisdiction over the Company and will not
conflict with, result in a breach or violation or the
acceleration of or constitute a default under the
terms of any indenture or other agreement or
instrument known to such counsel to which the Company
is a party or by which it is bound; and
(v) There are no actions, proceedings or
investigations pending or, to the best knowledge of
such counsel, threatened before any court,
administrative agency or other tribunal (i) asserting
the invalidity of this Agreement, the related Terms
Agreement, the related Pooling and Servicing
Agreement, the related Supplemental Agreement or the
related Certificates, (ii) seeking to prevent the
issuance of the Certificates of the related Series or
the consummation by the Company of any of the
transactions contemplated by this Agreement, such
Terms Agreement, such Pooling and Servicing Agreement
or such Supplemental Agreement, or (iii) which might
materially and adversely affect the performance by the
Company of its obligations under, or the validity or
enforceability of, this Agreement, such Terms
Agreement, such Pooling and Servicing Agreement, such
Supplemental Agreement or the related Certificates.
In rendering her opinion such counsel may rely as to matters
of fact, to the extent deemed proper and as stated therein,
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<PAGE>
on certificates of responsible officers of the Company or
public officials. In addition, such opinion may be
qualified as an opinion only on the laws of the State of
New Jersey.
(d) If applicable, counsel for GECC shall have
furnished to the Underwriters an opinion, dated the related
Closing Date, to the effect that:
(i) GECC has been duly incorporated and
is validly existing as a corporation in good standing
under the laws of the State of New York and in each
jurisdiction in which the conduct of its business
requires such qualification;
(ii) GECC has full corporate power and
authority to execute and deliver the Supplemental
Agreement and to carry out its terms, and the
execution, delivery and performance of the
Supplemental Agreement have been duly authorized by
GECC by all necessary corporate action;
(iii) The related Supplemental Agreement
has been duly executed and delivered by GECC and
constitutes a legal, valid and binding agreement of
GECC enforceable in accordance with its terms, except
as such enforceability may be limited by bankruptcy,
insolvency, reorganization or other similar laws
affecting the enforcement of creditor's rights in
general and by general principles of equity,
regardless of whether such enforceability is
considered in a proceeding in equity or at law; and
(iv) The execution, delivery and
performance of the Supplemental Agreement by GECC does
not and will not conflict with or violate any term or
provision of the articles of incorporation or by-laws
of GECC or any statute, order or regulation applicable
to GECC of any court, regulatory body, administrative
agency or governmental body having jurisdiction over
GECC and will not conflict with, result in a breach or
violation or the acceleration of or constitute a
default under the terms of any indenture or other
agreement or instrument known to such counsel to which
GECC is a party or by which it is bound.
In rendering such opinion such counsel may rely as to
matters of fact, to the extent deemed proper and as stated
therein, on certificates of responsible officers of GECC or
public officials.
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<PAGE>
(e) The Underwriters shall have received from
Brown & Wood LLP, counsel for the Underwriters, such
opinion or opinions, dated the related Closing Date, with
respect to the issuance and sale of the Certificates of the
related Series, the related Registration Statement, the
related Final Prospectus and such other related matters as
the Underwriters may reasonably require, and the Company
shall have furnished to such counsel such documents as the
Underwriters may reasonably request for the purpose of
enabling them to pass upon such matters.
(f) The Company shall have furnished to the
Underwriters a certificate of the Company, signed by the
President or any Vice President and the Senior Vice
President-Finance or the principal financial or accounting
officer of the Company, dated the related Closing Date, to
the effect that the signers of such certificate have
carefully examined the related Registration Statement
(excluding any Current Reports and any other documents
incorporated by reference therein), the related Final
Prospectus, the Detailed Description referred to in such
Final Prospectus (excluding any related Current Report),
this Agreement and the related Terms Agreement and that:
(i) the representations and warranties of
the Company in this Agreement are true and correct in
all material respects on and as of the related Closing
Date with the same effect as if made on such Closing
Date, and the Company has complied with all the
agreements and satisfied all the conditions on its
part to be performed or satisfied at or prior to such
Closing Date;
(ii) no stop order suspending the
effectiveness of such Registration Statement has been
issued and no proceedings for that purpose have been
instituted or, to their knowledge, threatened; and
(iii) nothing has come to their attention
that would lead them to believe that such Registration
Statement (excluding any Current Report) contains any
untrue statement of a material fact or omits to state
any material fact required to be stated therein or
necessary to make the statements therein not
misleading, that the related Final Prospectus
(excluding any related Current Report) contains any
untrue statement of a material fact or omits to state
a material fact required to be stated therein or
necessary to make the statements therein, in the light
of the circumstances under which they were made, not
misleading, or that the Detailed Description referred
to in such Final Prospectus includes any untrue
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<PAGE>
statement of a material fact or omits to state any
information which the Final Prospectus states will be
included in such Detailed Description.
(g) If applicable, GECC shall have furnished to
the Underwriters a certificate of GECC, signed by the
President or any Vice President and the Senior Vice
President-Finance or the principal financial or accounting
officer of GECC, dated the related Closing Date, to the
effect that the signers of such certificate have carefully
examined the information under the headings "Description of
the Certificates--Supplemental Agreement with GECC" and
"General Electric Capital Corporation" contained in the
related Final Prospectus and the related Supplemental
Agreement and that:
(i) nothing has come to their attention
that would lead them to believe that such information
in the related Final Prospectus contains any untrue
statement of a material fact or omits to state any
material fact required to be stated therein or
necessary to make the statements therein, in the light
of the circumstances in which they were made, not
misleading; and
(ii) the representations and warranties of
GECC in the related Supplemental Agreement are true
and correct in all material respects on and as of the
related Closing Date with the same effect as if made
on such Closing Date, and GECC has complied with all
the agreements and satisfied all the conditions on its
part to be performed or satisfied at or prior to such
Closing Date.
(h) Counsel for the Trustee shall have furnished
to the Underwriters an opinion, dated the related Closing
Date, to the effect that:
(i) the Trustee has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of its jurisdiction of
organization with corporate power to own its
properties and conduct its business as presently
conducted by it, to conduct business as a trustee and
to enter into and perform its obligations under the
related Pooling and Servicing Agreement and, if
applicable, the related Supplemental Agreement;
(ii) each of the related Pooling and
Servicing Agreement and the related Supplemental
Agreement has been duly authorized, executed and
delivered by the Trustee and constitutes the legal,
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valid and binding agreement of the Trustee enforceable
against the Trustee in accordance with its terms,
subject to bankruptcy, insolvency, fraudulent
conveyance, reorganization or other similar laws
affecting the enforcement of creditors' rights
generally and to judicial discretion, and general
principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at
law);
(iii) the Trustee has duly accepted its
appointment as trustee under the related Pooling and
Servicing Agreement;
(iv) no consent, approval, authorization
or order of any state or federal court or government
agency or body is required on the part of the Trustee
for the consummation of the transactions contemplated
in the related Pooling and Servicing Agreement and the
related Supplemental Agreement, except such as may be
required under any federal or state securities law;
and
(v) the performance on the part of the
Trustee of any of the transactions contemplated in the
related Pooling and Servicing Agreement and the
related Supplemental Agreement does not conflict with
or result in a breach or violation of any term or
provision of, or constitute a default under, the
Articles of Organization, as amended, or By-Laws of
the Trustee, or any state or federal statute or
regulation applicable to the Trustee, or to such
counsel's knowledge, any indenture or other agreement
or instrument to which the Trustee is a party or by
which it is bound, or, to such counsel's knowledge,
any order of any state or federal court, regulatory
body, administrative agency or governmental body
having jurisdiction over the Trustee.
In addition, such counsel shall furnish to the Underwriters
such opinions as to the treatment of the Trust Fund for
purposes of state tax law where the Trustee maintains
possession of the assets of the Trust Fund as are
reasonably satisfactory to the Underwriters.
(i) If any Preliminary Prospectus has been
prepared with respect to a Series of Certificates, KPMG
Peat Marwick LLP shall have furnished to the Underwriters a
letter, dated as of the date of such Preliminary
Prospectus, in form and substance satisfactory to the
Underwriters, stating in effect that:
(i) they have performed certain specified
procedures as a result of which they have determined
that such information as the Underwriters may
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<PAGE>
reasonably request of an accounting, financial or
statistical nature (which is limited to accounting,
financial or statistical information derived from the
general accounting records of the Company) set forth
in the related Preliminary Prospectus under the
caption "Delinquency and Foreclosure Experience of the
Company" agrees with the accounting records of the
Company, excluding any questions of legal
interpretation; and
(ii) they have performed certain specified
procedures as a result of which they have determined
that such information as the Underwriters may
reasonably request of an accounting, financial or
statistical nature (which is limited to accounting,
financial or statistical information derived from the
general accounting records of the Company and which is
obtained from an analysis of a sample of the Mortgage
Loans included in the related pool) set forth in the
related Preliminary Prospectus under the caption
"Description of the Mortgage Pool and the Mortgaged
Properties" or "Description of the Mortgage Pools and
the Mortgaged Properties", as the case may be, is
mutually consistent and agrees with the accounting
records of the Company and, where applicable, the
related Mortgage Loan files of the Company, excluding
any questions of legal interpretation.
(j) KPMG Peat Marwick LLP shall have furnished to
the Underwriters a letter, dated as of the date of the
related Terms Agreement, in form and substance satisfactory
to the Underwriters, stating in effect that they have
performed certain specified procedures as a result of which
they have determined that such information as the
Underwriters may reasonably request of an accounting,
financial or statistical nature (which is limited to
accounting, financial or statistical information derived
from the general accounting records of the Company) set
forth in the related Final Prospectus under the caption
"Delinquency and Foreclosure Experience of the Company"
agrees with the accounting records of the Company,
excluding any questions of legal interpretation.
(k) KPMG Peat Marwick LLP shall have furnished to
the Underwriters a letter, dated as of the related Closing
Date, in form and substance satisfactory to the
Underwriters, stating in effect that they have performed
certain specified procedures as a result of which they have
determined that such information as the Underwriters may
reasonably request of an accounting, financial or
statistical nature (which is limited to accounting,
financial or statistical information derived from the
general accounting records of the Company and which is
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<PAGE>
obtained from an analysis of a sample of the Mortgage Loans
included in the related pool) set forth in the related
Final Prospectus under the caption "Description of the
Mortgage Pool and the Mortgaged Properties" or "Description
of the Mortgage Pools and the Mortgaged Properties", as the
case may be, and in the Detailed Description relating to
such Final Prospectus is mutually consistent and agrees
with the accounting records of the Company and, where
applicable, the related Mortgage Loan files of the Company,
excluding any questions of legal interpretation. In
addition, if applicable, such accountants shall have
furnished to the Underwriters a letter, dated as of the
related Closing Date, which shall include a statement or
statements to the effect that based upon the assumptions
and methodology agreed to by the Company (and which is
consistent with the manner in which any final PAC Balances,
TAC Balances, Scheduled Balances, Maximum and Minimum
Scheduled Balances or any other scheduled balances are to
be calculated as set forth in the related Final
Prospectus), all of which shall be described by reference
in such letter, such accountants shall have verified the
mathematical accuracy of any final PAC Balances Table, TAC
Balances Table, Scheduled Balances Table, Maximum or
Minimum Scheduled Balances Table or other scheduled
balances table attached as an exhibit to the related
Pooling and Servicing Agreement.
(l) KPMG Peat Marwick LLP shall have furnished to
the Underwriters and the Company a letter or letters, dated
as of the date of the related Terms Agreement, in form and
substance satisfactory to the Underwriters and the Company,
including, without limitation, statements, if applicable,
to the effect that:
(i) based upon the assumptions and
methodology set forth in the related Final Prospectus,
all of which shall be described by reference in such
letter, they recomputed the percentages of initial
principal balance outstanding as of each of the
Distribution Dates (as defined in such Final
Prospectus) indicated and the weighted average lives
of each Class of Offered Certificates at each of the
indicated percentages of the applicable Prepayment
Assumption, and they compared the recomputed
percentages and weighted average lives to the
corresponding percentages and weighted average lives
set forth in the related tables and found them to be
in agreement;
(ii) based upon the assumptions and
methodology set forth in such Final Prospectus, all of
which shall be described by reference in such letter,
they have verified the mathematical accuracy of any
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<PAGE>
Scheduled Final Distribution Dates for the Offered
Certificates, PAC Balances, TAC Balances, Scheduled
Balances, Maximum and Minimum Scheduled Balances or
any other scheduled balances set forth in such Final
Prospectus for each indicated Distribution Date, and
have verified the mathematical accuracy of any initial
Effective Ranges of any PAC Certificates, Scheduled
Certificates or other scheduled Certificates set forth
in such Final Prospectus; and
(iii) based upon the assumptions and
methodology set forth in such Final Prospectus, all of
which shall be described by reference in such letter,
they have verified the mathematical accuracy of the
pre-tax yields to maturity and, if applicable,
aggregate cash flows of any Class of Certificates for
which such pre-tax yields and, if applicable,
aggregate cash flows are set forth in such Final
Prospectus at the indicated percentages of the
Prepayment Assumption and, if applicable, at the
indicated values of COFI, LIBOR or any other index, as
applicable.
(m) The Offered Certificates of the related
Series shall have received the ratings specified in the
related Terms Agreement (the "Required Ratings").
(n) Prior to the related Closing Date, the
Company shall have furnished to the Underwriters such
further information, certificates and documents as the
Underwriters may reasonably request.
(o) If any Certificates of the related Series are
to be sold to any other underwriter and/or offered in
reliance upon an exemption from the registration
requirements of the Act, the sale at or prior to the
related Closing Date of such Certificates to the purchaser
thereof shall have occurred.
(p) Subsequent to the date of the related Terms
Agreement, there shall not have been any change, or any
development involving a prospective change, in or affecting
the business or properties of the Company or GECC which the
Underwriters conclude in their judgment, after consultation
with the Company, materially impairs the investment quality
of the Offered Certificates of the related Series so as to
make it impractical or inadvisable to proceed with the
public offering or the delivery of such Offered
Certificates as contemplated by the related Final
Prospectus.
If any of the conditions specified in this Section 6
shall not have been fulfilled in all material respects with
respect to the particular Offered Certificates of a Series when
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<PAGE>
and as provided in this Agreement and the related Terms
Agreement, or if any of the opinions and certificates mentioned
above or elsewhere in this Agreement and the related Terms
Agreement shall not be in all material respects reasonably
satisfactory in form and substance to the Underwriters and their
counsel, this Agreement (with respect to the related Offered
Certificates) and the related Terms Agreement and all obligations
of the Underwriters hereunder (with respect to the related
Offered Certificates) and thereunder may be canceled at, or at
any time prior to, the related Closing Date by the Underwriters.
Notice of such cancellation shall be given to the Company in
writing, or by telephone or telegraph confirmed in writing.
7. Indemnification and Contribution. (a) The Company
agrees to indemnify and hold harmless each Underwriter and each
person who controls any Underwriter within the meaning of the Act
or the Exchange Act against any and all losses, claims, damages
or liabilities, joint or several, to which they or any of them
may become subject under the Act, the Exchange Act, or other
Federal or state statutory law or regulation, at common law or
otherwise, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of a material
fact contained in the Registration Statement relating to the
Offered Certificates of the applicable Series as it became
effective or in any amendment or supplement thereof, or in such
Registration Statement, in the related Preliminary Prospectus or
the related Final Prospectus, or in any amendment thereof, or in
the Detailed Description referred to in such Final Prospectus or
arise out of or are based upon the omission or alleged omission
(in the case of any Computational Materials or ABS Term Sheets
(in each case as defined herein) in respect of which the Company
agrees to indemnify each Underwriter, as set forth below, when
such are read in conjunction with the related Final Prospectus
and Prospectus Supplement) to state therein a material fact
required to be stated therein or necessary to make the statements
therein not misleading, and agrees to reimburse each such
indemnified party for any legal or other expenses reasonably
incurred by them in connection with investigating or defending
any such loss, claim, damage, liability or action; provided,
however, that (i) the Company will not be liable in any such case
to the extent that any such loss, claim, damage or liability
arises out of or is based upon any such untrue statement or
alleged untrue statement or omission or alleged omission made
therein (A) in reliance upon and in conformity with written
information furnished to the Company as herein stated by or on
behalf of any Underwriter through you specifically for use in
connection with the preparation thereof or (B) in any Current
Report or any amendment or supplement thereof, except to the
extent that any untrue statement or alleged untrue statement
therein or omission therefrom results (or is alleged to have
resulted) directly from an error (a "Mortgage Pool Error") in the
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<PAGE>
information concerning the characteristics of the Mortgage Loans
furnished by the Company to any Underwriter in writing or by
electronic transmission that was used in the preparation of
either (x) any Computational Materials or ABS Term Sheets (or
amendments or supplements thereof) included in such Current
Report (or amendment or supplement thereof) or (y) any written or
electronic materials furnished to prospective investors on which
the Computational Materials (or amendments or supplements) were
based, (ii) such indemnity with respect to any Preliminary
Prospectus or any Corrected Statement (as defined below) in any
Final Prospectus (or supplement thereto) shall not inure to the
benefit of any Underwriter (or any person controlling any
Underwriter) from whom the person asserting any loss, claim,
damage or liability purchased the Certificates of the related
Series that are the subject thereof if such person did not
receive a copy of the related Final Prospectus or a supplement to
such Final Prospectus, as the case may be, at or prior to the
confirmation of the sale of such Certificates and the untrue
statement or omission of a material fact contained in such
Preliminary Prospectus or Final Prospectus (or supplement
thereto) was corrected (a "Corrected Statement") in such Final
Prospectus (with respect to any Preliminary Prospectus) or in
such other supplement (with respect to any Final Prospectus) and
such Final Prospectus or such supplement was furnished by the
Company to such Underwriter prior to the delivery of such
confirmation, and (iii) such indemnity with respect to any
Mortgage Pool Error shall not inure to the benefit of any
Underwriter (or any person controlling any Underwriter) from whom
the person asserting any loss, claim, damage or liability
received any Computational Materials or ABS Term Sheets (or any
written or electronic materials on which the Computational
Materials or ABS Term Sheets are based) that were prepared on the
basis of such Mortgage Pool Error, if, prior to the time of
confirmation of the sale of the applicable Certificates to such
person, the Company notified such Underwriter in writing of the
Mortgage Pool Error or provided in written or electronic form
information superseding or correcting such Mortgage Pool Error
(in any such case, a "Corrected Mortgage Pool Error"), and such
Underwriter failed to notify such person thereof or to deliver to
such person corrected Computational Materials (or underlying
written or electronic materials) or ABS Term Sheets. This
indemnity agreement will be in addition to any liability which
the Company may otherwise have.
(b) Each Underwriter agrees, severally and not
jointly, to indemnify and hold harmless the Company, each of its
directors, each of its officers who signs the Registration
Statement relating to the Offered Certificates of the applicable
Series, and each person who controls the Company within the
meaning of the Act or the Exchange Act to the same extent as the
foregoing indemnities from the Company to each Underwriter, but
only with reference to (A) written information furnished to the
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<PAGE>
Company by or on behalf of such Underwriter through you
specifically for use in the preparation of the documents referred
to in the foregoing indemnity with respect to the related Series,
or (B) any Computational Materials or ABS Term Sheets (or
amendments or supplements thereof) delivered to prospective
investors by such Underwriter and furnished to the Company by
such Underwriter pursuant to Section 8 and incorporated by
reference in such Registration Statement, the related Preliminary
Prospectus or the related Final Prospectus or any amendment or
supplement thereof (except that no such indemnity shall be
available for any losses, claims, damages or liabilities, or
actions in respect thereof, resulting from any Mortgage Pool
Error, other than a Corrected Mortgage Pool Error). This
indemnity agreement will be in addition to any liability which
each Underwriter may otherwise have. The Company acknowledges
that the Underwriter-Provided Information constitute the only
information furnished in writing by or on behalf of the
Underwriters for inclusion in the related Preliminary Prospectus
or Final Prospectus (other than any Computational Materials or
ABS Term Sheets (or amendments or supplements thereof)), and the
Underwriters confirm that such statements are correct.
"Underwriter-Provided Information" means any statements provided
to the Company by the Underwriters specifically for use in the
preparation of the related Preliminary Prospectus or Final
Prospectus and designated as such in the Terms Agreement for the
related Series. Any Computational Materials or ABS Term Sheets
(or amendments or supplements thereof) furnished to the Company
by a particular Underwriter shall relate exclusively to and be
the several responsibility of such Underwriter and no other
Underwriter.
(c) Promptly after receipt by an indemnified party
under Section 7 of notice of the commencement of any action, such
indemnified party will, if a claim in respect thereof is to be
made against an indemnifying party under this Section 7, notify
such indemnifying party in writing of the commencement thereof;
but the omission so to notify such indemnifying party will not
relieve it from any liability which it may have to any
indemnified party otherwise than under this Section 7. In case
any such action is brought against any indemnified party, and it
notifies the indemnifying party or parties of the commencement
thereof, the indemnifying party or parties will be entitled to
participate therein, and to the extent that they may elect by
written notice delivered to an indemnified party promptly after
receiving the aforesaid notice from such indemnified party, to
assume the defense thereof, with counsel satisfactory to such
indemnified party; provided, however, that if the defendants in
any such action include both an indemnified party and an
indemnifying party and such indemnified party shall have
reasonably concluded that there may be legal defenses available
to it and/or other indemnified parties which are different from
or additional to those available to an indemnifying party, such
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<PAGE>
indemnified party or parties shall have the right to select
separate counsel to assert such legal defenses and to otherwise
participate in the defense of such action on behalf of such
indemnified party or parties. Upon receipt of notice from an
indemnifying party or parties to such indemnified party of their
election so to assume the defense of such action and approval by
such indemnified party of counsel, such indemnifying party or
parties will not be liable to such indemnified party under this
Section 7 for any legal or other expenses subsequently incurred
by such indemnified party in connection with the defense thereof
unless (i) such indemnified party shall have employed separate
counsel in connection with the assertion of legal defenses in
accordance with the proviso to the next preceding sentence (it
being understood, however, that the indemnifying party or parties
shall not be liable for the expenses of more than one separate
counsel approved by the indemnified party or parties in the case
of subparagraph (a) or (b), representing the indemnified parties
under subparagraph (a) or (b), who are parties to such action),
(ii) the indemnifying party or parties shall not have employed
counsel satisfactory to the indemnified party or parties to
represent such indemnified party or parties within a reasonable
time after notice of commencement of the action or (iii) the
indemnifying party or parties have authorized the employment of
counsel for an indemnified party at the expense of the
indemnifying parties; and except that, if clause (i) or (iii) is
applicable, such liability shall be only in respect of the
counsel referred to in such clause (i) or (iii).
(d) If the indemnification provided for in paragraph
(a) or (b) of this Section 7 is due in accordance with its terms
but is for any reason held by a court to be unavailable from the
Company or any Underwriter, on grounds of policy or otherwise, or
if an indemnified party failed to give notice under paragraph (c)
of this Section 7 in respect of a claim otherwise subject to
indemnification in accordance with paragraph (a) or (b) of this
Section 7, the Company and such Underwriter shall contribute to
the aggregate losses, claims, damages and liabilities (including
legal and other expenses reasonably incurred in connection with
investigating or defending same) to which the Company and such
Underwriter may be subject, as follows:
(i) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which do not
arise out of or are not based upon any untrue statement or
omission of a material fact in any Computational Materials
or ABS Term Sheets (or any amendments or supplements
thereof), in such proportion so that the Underwriters are
responsible for that portion represented by the difference
between the proceeds to the Company in respect of the
Offered Certificates appearing on the cover page of the
Final Prospectus for the related Series and the total
proceeds received by the Underwriters from the sale of such
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<PAGE>
Offered Certificates (the "Underwriting Discount"), and the
Company is responsible for the balance; provided, however,
that in no case shall the Underwriters be responsible under
this subparagraph (i) for any amount in excess of such
Underwriting Discount applicable to the Offered
Certificates purchased by the Underwriters pursuant to this
Agreement and the related Terms Agreement; and
(ii) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which arise out
of or are based upon any untrue statement or omission of a
material fact in any Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof) or in any
written or electronic materials distributed to prospective
investors on which the Computational Materials are based,
in such proportion as is appropriate to reflect the
relative fault of the Company on the one hand and the
Underwriter that delivered such materials to prospective
investors on the other in connection with the statements or
omissions which resulted in such losses, claims, damages or
liabilities (or actions in respect thereof) as well as any
other relevant equitable considerations. The relative fault
shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state
a material fact in such Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof or such
written or electronic materials) results from information
prepared by the Company on the one hand or such Underwriter
on the other and the parties' relative intent, knowledge,
access to information and opportunity to correct or prevent
such statement or omission.
Notwithstanding anything to the contrary in this Section 7(d), no
person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Act) shall be entitled to contribution
from any person who was not guilty of such fraudulent
misrepresentation. For purposes of this Section 7, each person
who controls any Underwriter within the meaning of either the Act
or the Exchange Act shall have the same rights to contribution as
such Underwriter, and each person who controls the Company within
the meaning of either the Act or the Exchange Act, each officer
of the Company who shall have signed the Registration Statement
and each director of the Company shall have the same rights to
contribution as the Company, subject in each case to the
immediately preceding sentence of this paragraph (d).
8. Computational Materials and Structural Term
Sheets. (a) Not later than 10:30 a.m., New York time, on the
business day before the date on which the Current Report relating
to the Offered Certificates of a Series is required to be filed
by the Company with the Commission pursuant to Section 5(b)
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<PAGE>
hereof, the Underwriters shall deliver to the Company five
complete copies of all materials provided by the Underwriters to
prospective investors in such Offered Certificates which
constitute (i) "Computational Materials" within the meaning of
the no-action letter dated May 20, 1994 issued by the Division of
Corporation Finance of the Commission to Kidder, Peabody
Acceptance Corporation I, Kidder, Peabody & Co. Incorporated, and
Kidder Structured Asset Corporation and the no-action letter
dated May 27, 1994 issued by the Division of Corporation Finance
of the Commission to the Public Securities Association (together,
the "Kidder Letters") and the filing of such material is a
condition of the relief granted in such letter (such materials
being the "Computational Materials"), and (ii) "Structural Term
Sheets" within the meaning of the no-action letter dated February
17, 1995 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (the "PSA
Letter") and the filing of such material is a condition of the
relief granted in such letter (such materials being the
"Structural Term Sheets"). Each delivery of Computational
Materials and Structural Term Sheets to the Company pursuant to
this paragraph (a) shall be effected by delivering four copies of
such materials to counsel for the Company on behalf of the
Company at the address specified in Section 3 hereof and one copy
of such materials to the Company.
(b) Each Underwriter represents and warrants to and
agrees with the Company, as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) the Computational Materials furnished to the
Company by such Underwriter pursuant to Section 8(a)
constitute (either in original, aggregated or
consolidated form) all of the materials furnished to
prospective investors by such Underwriter prior to the
time of delivery thereof to the Company that are
required to be filed with the Commission with respect
to the related Offered Certificates in accordance with
the Kidder Letters, and such Computational Materials
comply with the requirements of the Kidder Letters;
(ii) the Structural Term Sheets furnished to the
Company by such Underwriter pursuant to Section 8(a)
constitute all of the materials furnished to
prospective investors by such Underwriter prior to the
time of delivery thereof to the Company that are
required to be filed with the Commission as
"Structural Term Sheets" with respect to the related
Offered Certificates in accordance with the PSA
Letter, and such Structural Term Sheets comply with
the requirements of the PSA Letter;
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<PAGE>
(iii) on the date any such Computational Materials
or Structural Term Sheets with respect to such Offered
Certificates (or any written or electronic materials
furnished to prospective investors on which the
Computational Materials are based) were last furnished
to each prospective investor by such Underwriter and
on the date of delivery thereof to the Company
pursuant to Section 8(a) and on the related Closing
Date, such Computational Materials (or such other
materials) or Structural Term Sheets did not and will
not include any untrue statement of a material fact
or, when read in conjunction with the Final Prospectus
and Prospectus Supplement, omit to state a material
fact required to be stated therein or necessary to
make the statements therein not misleading; and
(iv) all Computational Materials (or underlying
materials distributed to prospective investors on
which the Computational Materials were based)
delivered to prospective investors by such Underwriter
and all Structural Term Sheets delivered to
prospective investors by such Underwriter contained
and will contain a legend, prominently displayed on
the first page thereof, stating that the Computational
Materials or Structural Term Sheets are being produced
and provided exclusively by the Underwriter and that
the Underwriter is acting as an underwriter and not
acting as an agent of the Company in connection with
the securities described herein, and otherwise in form
and substance satisfactory to the Company.
Notwithstanding the foregoing, each Underwriter makes no
representation or warranty as to whether any Computational
Materials or Structural Term Sheets (or any written or electronic
materials on which the Computational Materials are based)
included or will include any untrue statement resulting directly
from any Mortgage Pool Error (except any Corrected Mortgage Pool
Error, with respect to materials prepared after the receipt by
such Underwriter from the Company of notice of such Corrected
Mortgage Pool Error or materials superseding or correcting such
Corrected Mortgage Pool Error).
(c) The Underwriters shall cause a firm of public
accountants to furnish to the Company a letter, dated as of the
date on which the Underwriters deliver any Computational
Materials (which term shall be deemed to include, for purposes of
this paragraph (c), calculated statistical information delivered
to prospective investors in the form of a Structural Term Sheet)
to the Company pursuant to Section 8(a), in form and substance
satisfactory to the Company, stating in effect that they have
verified the mathematical accuracy of any calculations performed
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<PAGE>
by each Underwriter and set forth in such Computational
Materials.
(d) Each Underwriter acknowledges and agrees that any
Computational Materials or Structural Term Sheets with respect to
any Series of Certificates furnished to prospective investors
from and after September 10, 1996 have been prepared and
disseminated by the Underwriters and not by or on behalf of the
Company, and that such materials included and shall include a
disclaimer in the form described in paragraph (b)(iv) above. Each
Underwriter agrees that it will not represent to prospective
investors that any Computational Materials or Structural Term
Sheets were prepared or disseminated on behalf of the Company.
(e) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Final Prospectus as a result of an untrue statement of a
material fact contained in any Computational Materials or
Structural Term Sheets provided by any Underwriter pursuant to
this Section 8 or the omission to state therein a material fact
required, when considered in conjunction with the related Final
Prospectus and Prospectus Supplement, to be stated therein or
necessary to make the statements therein, when read in
conjunction with the related Final Prospectus and Prospectus
Supplement, not misleading, or if it shall be necessary to amend
or supplement any Current Report relating to any Computational
Materials or Structural Term Sheets to comply with the Act or the
rules thereunder, such Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. Each
Underwriter represents and warrants to the Company, as of the
date of delivery by it of such amendment or supplement to the
Company, that such amendment or supplement will not include any
untrue statement of a material fact or, when read in conjunction
with the related Final Prospectus and Prospectus Supplement, omit
to state a material fact required to be stated therein or
necessary to make the statements therein not misleading;
provided, however, each such Underwriter makes no representation
or warranty as to whether any such amendment or supplement will
include any untrue statement resulting directly from any Mortgage
Pool Error (except any Corrected Mortgage Pool Error, with
respect to any such amendment or supplement prepared after the
receipt by such Underwriter from the Company of notice of such
Corrected Mortgage Pool Error or materials superseding or
correcting such Corrected Mortgage Pool Error). The Company shall
have no obligation to file such amendment or supplement if (i)
the Company determines that such amendment or supplement contains
any untrue statement of a material fact or, when read in
conjunction with the related Final Prospectus and Prospectus
Supplement, omits to state a material fact required to be stated
- 29 -
<PAGE>
therein or necessary to make the statements therein not
misleading; it being understood, however, that the Company shall
have no obligation to review or pass upon the accuracy or
adequacy of, or to correct, any such amendment or supplement
provided by any Underwriter to the Company pursuant to this
paragraph (e) or (ii) the Company reasonably determined that such
filing is not required under the Act and the Underwriters do not
object as provided below. The Company shall give notice to the
Underwriters of its determination not to file an amendment or
supplement pursuant to clause (ii) of the preceding sentence and
agrees to file such amendment or supplement if the Underwriters
reasonably object to such determination within one business day
after receipt of such notice.
9. Collateral Term Sheets. (a) Prior to the delivery
of any "Collateral Term Sheet" within the meaning of the PSA
Letter, the filing of which material is a condition of the relief
granted in such letter (such material being the "Collateral Term
Sheets"), to a prospective investor in the Offered Certificates,
the Underwriters shall notify the Company and its counsel by
telephone of their intention to deliver such materials and the
approximate date on which the first such delivery of such
materials is expected to occur. Not later than 10:30 a.m., New
York time, on the business day immediately following the date on
which any Collateral Term Sheet was first delivered to a
prospective investor in the Offered Certificates, the
Underwriters shall deliver to the Company five complete copies of
all materials provided by the Underwriters to prospective
investors in such Offered Certificates which constitute
"Collateral Term Sheets." Each delivery of a Collateral Term
Sheet to the Company pursuant to this paragraph (a) shall be
effected by delivering four copies of such materials to counsel
for the Company on behalf of the Company at the address specified
in Section 3 hereof and one copy of such materials to the
Company. (Collateral Term Sheets and Structural Term Sheets are,
together, referred to herein as "ABS Term Sheets.") At the time
of each such delivery, the Underwriter making such delivery shall
indicate in writing that the materials being delivered constitute
Collateral Term Sheets, and, if there has been any prior such
delivery with respect to the related Series, shall indicate
whether such materials differ in any material respect from any
Collateral Term Sheets previously delivered to the Company with
respect to such Series pursuant to this Section 9(a) as a result
of the occurrence of a material change in the characteristics of
the related Mortgage Loans.
(b) Each Underwriter represents and warrants to and
agrees with the Company as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) The Collateral Term Sheets furnished to
the Company by such Underwriter pursuant to Section 9(a)
- 30 -
<PAGE>
constitute all of the materials furnished to prospective
investors by such Underwriter prior to time of delivery
thereof to the Company that are required to be filed with
the Commission as "Collateral Term Sheets" with respect to
the related Offered Certificates in accordance with the PSA
Letter, and such Collateral Term Sheets comply with the
requirements of the PSA Letter;
(ii) On the date any such Collateral Term
Sheets with respect to such Offered Certificates were last
furnished to each prospective investor by such Underwriter
and on the date of delivery thereof to the Company pursuant
to Section 9(a) and on the related Closing Date, such
Collateral Term Sheets did not and will not include any
untrue statement of a material fact or, when read in
conjunction with the Final Prospectus and Prospectus
Supplement, omit to state a material fact required to be
stated therein or necessary to make the statements therein
not misleading; and
(iii) such Underwriter has not represented to
any prospective investor that any Collateral Term Sheets
with respect to any Series were prepared or disseminated on
behalf of the Company, and, except as otherwise disclosed
by such Underwriter to the Company in writing prior to the
date hereof, all Collateral Term Sheets previously
furnished to prospective investors included a disclaimer to
the effect set forth in Section 9(c).
Notwithstanding the foregoing, each Underwriter makes no
representation or warranty as to whether any Collateral Term
Sheet included or will include any untrue statement or material
omission resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to materials
prepared after the receipt by such Underwriter from the Company
of notice of such Corrected Mortgage Pool Error or materials
superseding or correcting such Corrected Mortgage Pool Error).
(c) Each Underwriter acknowledges and agrees that any
Collateral Term Sheets with respect to any Series of Certificates
furnished to prospective investors from and after the date hereof
shall include a disclaimer in form satisfactory to the Company to
the effect set forth in Section 8(d) hereof, and to the effect
that the information contained in such materials supersedes
information contained in any prior Collateral Term Sheet with
respect to such Series of Offered Certificates and will be
superseded by the description of the related Mortgage Loans in
the related Prospectus Supplement and in the Detailed Description
relating to such Prospectus Supplement to be filed under cover of
Form 8-K. Each Underwriter agrees that it will not represent to
prospective investors that any Collateral Term Sheets were
prepared or disseminated on behalf of the Company.
- 31 -
<PAGE>
(d) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Final Prospectus as a result of an untrue statement of a
material fact contained in any Collateral Term Sheets provided by
any Underwriter pursuant to this Section 9 or the omission to
state therein a material fact required, when considered in
conjunction with the related Final Prospectus and Prospectus
Supplement, to be stated therein or necessary to make the
statements therein, when read in conjunction with the related
Final Prospectus and Prospectus Supplement, not misleading, or if
it shall be necessary to amend or supplement any Current Report
relating to any Collateral Term Sheets to comply with the Act or
the rules thereunder, such Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. Each
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Final Prospectus and Prospectus Supplement, omit to
state a material fact required to be stated therein or necessary
to make the statements therein not misleading; provided, however,
each such Underwriter makes no representation or warranty as to
whether any such amendment or supplement will include any untrue
statement resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to any such
amendment or supplement prepared after the receipt by such
Underwriter from the Company of notice of such Corrected Mortgage
Pool Error or materials superseding or correcting such Corrected
Mortgage Pool Error). The Company shall have no obligation to
file such amendment or supplement if the Company determines that
(i) such amendment or supplement contains any untrue statement of
a material fact or, when read in conjunction with the related
Final Prospectus and Prospectus Supplement, omits to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading; it being understood,
however, that the Company shall have no obligation to review or
pass upon the accuracy or adequacy of, or to correct, any such
amendment or supplement provided by any Underwriter to the
Company pursuant to this paragraph (d) or (ii) such filing is not
required under the Act.
10. Termination. This Agreement (with respect to a
particular Certificate Offering) and the related Terms Agreement
shall be subject to termination in the absolute discretion of the
Underwriters, by notice given to the Company prior to delivery of
and payment for the related Offered Certificates, if prior to the
related Closing Date (i) trading in securities generally on the
New York Stock Exchange shall have been suspended or materially
limited, (ii) a general moratorium on commercial banking
- 32 -
<PAGE>
activities in New York shall have been declared by either federal
or New York State authorities, or (iii) there shall have occurred
any outbreak or material escalation of hostilities or other
calamity or crisis the effect of which on the financial markets
of the United States is such as to make it, in the reasonable
judgment of the Underwriters, impracticable to market such
Offered Certificates.
11. Representations and Indemnities to Survive
Delivery. The agreements, representations, warranties,
indemnities and other statements of the Company or its officers
and of the Underwriters set forth in or made pursuant to this
Agreement and the related Terms Agreement will remain in full
force and effect, regardless of any investigation made by or on
behalf of the Underwriters or the Company or any of the officers,
directors or controlling persons referred to in Section 7 hereof,
and will survive delivery of and payment for the related Offered
Certificates. The provisions of Section 7 hereof shall survive
the termination or cancellation of this Agreement and the related
Terms Agreement.
12. Default by One or More of the Underwriters. If any
of the Underwriters shall fail on the Closing Date to purchase
the Offered Certificates which it is obligated to purchase
hereunder and under the applicable Terms Agreement (the
"Defaulted Certificates"), you shall have the right, within 24
hours thereafter, to make arrangements for one or more of the
non-defaulting Underwriters, or any other underwriters, to
purchase all, but not less than all, of the Defaulted
Certificates in such amounts as may be agreed upon and upon the
terms herein set forth and under the applicable Terms Agreement.
If, however, you have not completed such arrangements within such
24-hour period, then:
(a) if the aggregate original Certificate Principal
Balance of Defaulted Certificates does not exceed 10% of
the aggregate original Certificate Principal Balance of the
Offered Certificates to be purchased pursuant to such Terms
Agreement, the non-defaulting Underwriters named in such
Terms Agreement shall be obligated to purchase the full
amount thereof in the proportions that their respective
underwriting obligations thereunder bear to the
underwriting obligations of all non-defaulting
Underwriters; and
(b) if the aggregate original Certificate Principal
Balance of Defaulted Certificates exceeds 10% of the
aggregate original Certificate Principal Balance of the
Offered Certificates to be purchased pursuant to such Terms
Agreement, the applicable Terms Agreement shall terminate
without any liability on the part of any non-defaulting
Underwriter.
- 33 -
<PAGE>
No action taken pursuant to this Section 12 and nothing in
this Agreement shall relieve any defaulting Underwriter from
liability in respect of its default.
In the event of any such default which does not result in a
termination of this Agreement or such applicable Terms Agreement,
either you or the Company shall have the right to postpone the
Closing Date for a period of time not exceeding seven days in
order to effect any required changes in the Registration
Statement or in any other documents or arrangements.
13. Successors. This Agreement and the related Terms
Agreement will inure to the benefit of and be binding upon the
parties hereto and thereto and their respective successors and
the officers, directors and controlling persons referred to in
Section 7 hereof, and their successors and assigns, and no other
person will have any right or obligation hereunder or thereunder.
No purchaser of any Offered Certificate from the Underwriters
shall be deemed a successor or assign by reason of such purchase.
14. APPLICABLE LAW. THIS AGREEMENT AND THE RELATED
TERMS AGREEMENT WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS
MADE AND TO BE PERFORMED THEREIN.
15. Miscellaneous. This Agreement, as supplemented by
the related Terms Agreement, supersedes all prior and
contemporaneous agreements and understandings relating to the
subject matter hereof. This Agreement and the related Terms
Agreement or any term of each may not be changed, waived,
discharged or terminated except by an affirmative written
agreement made by the party against whom enforcement of the
change, waiver, discharge or termination is sought. The headings
in this Agreement and the related Terms Agreement are for
purposes of reference only and shall not limit or otherwise
affect the meaning hereof or thereof.
16. Notices. All communications hereunder will be in
writing and effective only on receipt, and, if sent to the
Underwriters, will be delivered to the Underwriters at the
address first above written; or if sent to the Company, will be
delivered to GE Capital Mortgage Services, Inc., Three Executive
Campus, Cherry Hill, New Jersey 08002, Attention: General
Counsel.
- 34 -
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Company and the Underwriters.
Very truly yours,
GE CAPITAL MORTGAGE SERVICES, INC.
By:________________________________
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date first above written.
PRUDENTIAL SECURITIES INCORPORATED
as Representative of the Underwriters
named in the applicable Terms Agreement
By:___________________________
Name:
Title:
<PAGE>
EXHIBIT A
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES ____-__
TERMS AGREEMENT
(to Underwriting Agreement,
dated September 24, 1996
between the Company and the Underwriters)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08002
Each of Prudential Securities Incorporated [and
] (each an "Underwriter" and collectively the
"Underwriters") agrees, severally and not jointly, subject to the
terms and provisions herein and of the captioned Underwriting
Agreement (the "Underwriting Agreement"), to purchase such
Classes of Series ____-__ Certificates specified opposite its
name in Section 2(a) hereof (the "Offered Certificates"). This
letter supplements and modifies the Underwriting Agreement solely
as it relates to the purchase and sale of the Offered
Certificates described below. The Series ____-__ Certificates are
registered with the Securities and Exchange Commission by means
of an effective Registration Statement (No. 33-___). Capitalized
terms used and not defined herein have the meanings given them in
the Underwriting Agreement.
Section 1. The Mortgage Pool: The Series ____-__
Certificates shall evidence the entire beneficial ownership
interest in a mortgage pool (the "Mortgage Pool") of closed end,
fixed rate, first- or second-lien, home equity mortgage loans
(the "Mortgage Loans") having the characteristics described in
the Prospectus Supplement dated the date hereof.
Section 2. The Certificates: The Offered
Certificates shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the
variance referred to in Section 1(a)[and, as to any
particular Class, to an upward or downward variance of up
to [ ]%]:
A-1
<PAGE>
Principal Interest Class Purchase
Underwriter Class Balance Rate Price Percentage
(b) The Offered Certificates shall have such other
characteristics as described in the related Final
Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class Purchase
Price Percentage therefor (as set forth in Section 2(a) above) of
the initial Class Certificates Principal Balance thereof plus
accrued interest at the rate of [ ]% per annum from and including
the Cut-off Date up to, but not including, _________ __, ____
(the "Closing Date").
Section 4. Required Ratings: The Offered
Certificates shall have received Required Ratings of at least
[ ] from [ ].
Section 5. Tax Treatment: [One or more elections
will be made to treat the assets of the Trust Fund as a REMIC.]
[The Trust Fund will be treated as a "grantor trust" for federal
income tax purposes.]
[Section 6. Additional Expenses:]*
- --------
* to be inserted if applicable.
A-2
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriters and the Company.
Very truly yours,
PRUDENTIAL SECURITIES INCORPORATED
By:_________________________________
Name:
Title:
[name of Underwriter]
By:_________________________________
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:______________________________
Name:
Title:
A-3
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1998-HE1
TERMS AGREEMENT
---------------
(to Underwriting Agreement,
dated September 24, 1996
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus March 24, 1998
Cherry Hill, NJ 08002
Prudential Securities Incorporated (the "Underwriter")
agrees, subject to the terms and provisions herein and of the
captioned Underwriting Agreement (the "Underwriting Agreement"),
to purchase the Classes of Series 1998-HE1 Certificates specified
in Section 3 hereof (the "Offered Certificates"). This Terms
Agreement supplements and modifies the Underwriting Agreement
solely as it relates to the purchase and sale of the Offered
Certificates described below. The Series 1998-HE1 Certificates
are registered with the Securities and Exchange Commission by
means of an effective Registration Statement (No. 333-43755).
Capitalized terms used and not defined herein have the meanings
given them in the Underwriting Agreement.
Section 1. The Mortgage Pool: The Series 1998-HE1
Certificates shall evidence the entire beneficial ownership
interest in a mortgage pool (the "Mortgage Pool") of closed end,
fixed rate, first- or second-lien, home equity mortgage loans
(the "Mortgage Loans") having the characteristics described in
the Final Prospectus.
Section 2. The Certificates: The Offered Certificates
shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances subject in the aggregate to a variance
described in the Final Prospectus:
<PAGE>
Principal Interest Class Purchase
Class Balance Rate Price Percentage
- ----- --------- -------- ----------------
Class A1 $44,600,000 6.525% 99.775000%
Class A2 19,700,000 6.260 99.775000
Class A3 22,200,000 6.330 99.775000
Class A4 10,600,000 6.440 99.759375
Class A5 12,900,000 6.530 99.775000
Class A6 17,870,000 (1) 99.759375
Class A7 14,207,000 6.465 99.775000
Class M 3,872,000 (1) 99.765625
Class B1 3,485,000 (1) 99.734375
Class B2 1,549,000 (1) 99.765625
Class R1 500 0.0000 (2)
Class R2 500 0.0000 (2)
- -------------------
(1) Interest will accrue on the Class A6, Class M, Class B1 and
Class B2 Certificates during the initial Interest Accrual
Period at Certificate Interest Rates of 6.940%, 6.950%,
7.240% and 7.590% per annum, respectively, and during each
subsequent Interest Accrual Period at Certificate Interest
Rates equal to the lesser of (i) 6.940%, 6.950%, 7.240% and
7.590% per annum, respectively, and (ii) the Weighted
Average Net Mortgage Rate of the Mortgage Loans as of the
first day of the related Interest Accrual Period.
(2) The aggregate Purchase Price of the Offered Certificates
will be reduced by an amount in respect of the transfer of
the Class R1 and Class R2 Certificates to Prudential, equal
to approximately $35,000.00.
(b) The Offered Certificates shall have such other
characteristics as described in the Final Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class Purchase
Price Percentage therefor (as set forth in Section 2(a) above) of
the initial Class Certificate Principal Balance thereof plus
accrued interest at the applicable interest rate per annum of
each such Class from and including March 1, 1998, up to, but not
including, March 27, 1998 (the "Closing Date").
Section 4. Required Ratings: The Class A1, Class A2,
Class A3, Class A4, Class A5, Class A6, Class A7, Class R1 and
Class R2 Certificates shall have received Required Ratings of at
least "Aaa" from Moody's Investors Service ("Moody's") and "AAA"
from Fitch IBCA, Inc., and the Class M, Class B1 and Class B2
Certificates shall have received Required Ratings of at least
"Aa2", "A2", and "Baa2", respectively, by Moody's.
2
<PAGE>
Section 5. Tax Treatment: One or more elections will
be made to treat the assets of the Trust Fund as a REMIC (other
than assets excluded from a REMIC as described in the Final
Prospectus).
Section 6: Underwriter-Provided Information: The
Company acknowledges that the information set forth in (i) the
second sentence of the paragraph immediately preceding the table
on the cover page of the Final Prospectus, (ii) the last
paragraph on the cover page of the Final Prospectus, (iii) the
second and seventh paragraphs under the caption "Plan of
Distribution", as such information relates to the Offered
Certificates, constitute the only information furnished in
writing by or on behalf of the Underwriter for inclusion in such
Final Prospectus, and the Underwriter confirms that such
statements are correct.
3
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
PRUDENTIAL SECURITIES INCORPORATED
By:________________________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date hereof.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
Execution
- -----------------------------------------------------------------
GE CAPITAL MORTGAGE SERVICES, INC.,
Seller and Servicer
and
THE FIRST NATIONAL BANK OF CHICAGO,
Trustee
-------------------------------------
POOLING AND SERVICING AGREEMENT
Dated as of March 1, 1998
-------------------------------------
Home Equity Loan Pass-Through Certificates,
Series 1998-HE1
- -----------------------------------------------------------------
<PAGE>
Section Page
- ------- ----
TABLE OF CONTENTS
-----------------
ARTICLE I
DEFINITIONS
1.01. Definitions.............................................. 1
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
2.01. Conveyance of Mortgage Loans............................. 38
2.02. Acceptance by Trustee.................................... 41
2.03. Representations and Warranties of the Company;
Mortgage Loan Repurchase................................ 43
2.04. Execution of Certificates................................ 49
2.05. The REMICs............................................... 49
2.06. Designations under the REMIC Provisions.................. 51
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
3.01. Company to Act as Servicer............................... 52
3.02. Collection of Certain Mortgage Loan Payments;
Mortgage Loan Payment Record; Certificate Account....... 57
3.03. [Omitted]................................................ 60
3.04. Permitted Debits to the Mortgage Loan Payment Record..... 61
3.05. [Omitted]................................................ 62
3.06. Maintenance of Hazard Insurance.......................... 62
3.07. Assumption and Modification Agreements................... 63
3.08. Realization Upon Defaulted Mortgage Loans................ 64
3.09. Trustee to Cooperate; Release of Mortgage Files.......... 67
3.10. Servicing Compensation; Payment of Certain Expenses
by the Company.......................................... 68
3.11. Reports to the Trustee; Certificate Account
Statements.............................................. 69
3.12. Annual Statement as to Compliance........................ 69
3.13. Annual Independent Public Accountants' Servicing
Report.................................................. 69
3.14. Access to Certain Documentation and Information
Regarding the Mortgage Loans............................ 70
3.15. Maintenance of Certain Servicing Policies................ 70
3.16. Optional Purchase of Defaulted Mortgage Loans............ 70
i
<PAGE>
Section Page
- ------- ----
ARTICLE IV
PAYMENTS AND STATEMENTS
4.01. Distributions............................................ 71
4.02. Method of Distribution................................... 74
4.03. Allocation of Losses..................................... 75
4.04. Monthly Advances; Purchases of Defaulted Mortgage
Loans................................................... 77
4.05. Statements to Certificateholders......................... 78
4.06. Servicer's Certificate................................... 80
4.07. Reports of Foreclosures and Abandonments of
Mortgaged Property...................................... 80
4.08. Reduction of Servicing Compensation; Simple
Interest Shortfall Payments............................. 81
ARTICLE V
THE CERTIFICATES
5.01. The Certificates......................................... 81
5.02. Registration of Transfer and Exchange of
Certificates............................................ 83
5.03. Mutilated, Destroyed, Lost or Stolen Certificates........ 91
5.04. Persons Deemed Owners.................................... 91
5.05. Access to List of Certificateholders' Names
and Addresses........................................... 91
5.06. Representation of Certain Certificateholders............. 92
ARTICLE VI
THE COMPANY
6.01. Liability of the Company................................. 92
6.02. Merger or Consolidation of, or Assumption of the
Obligations of, the Company............................. 92
6.03. Assignment............................................... 93
6.04. Limitation on Liability of the Company and Others........ 93
6.05. The Company Not to Resign................................ 94
ARTICLE VII
DEFAULT
7.01. Events of Default........................................ 94
7.02. Trustee to Act; Appointment of Successor................. 96
7.03. Notification to Certificateholders....................... 97
ii
<PAGE>
Section Page
- ------- ----
ARTICLE VIII
THE TRUSTEE
8.01. Duties of Trustee........................................ 97
8.02. Certain Matters Affecting the Trustee.................... 99
8.03. Trustee Not Liable for Certificates or Mortgage
Loans...................................................101
8.04. Trustee May Own Certificates.............................101
8.05. The Company to Pay Trustee's Fees and Expenses...........101
8.06. Eligibility Requirements for Trustee.....................102
8.07. Resignation or Removal of Trustee........................102
8.08. Successor Trustee........................................103
8.09. Merger or Consolidation of Trustee.......................104
8.10. Appointment of Co-Trustee or Separate Trustee............104
8.11. Compliance with REMIC Provisions; Tax Returns............105
ARTICLE IX
TERMINATION
9.01. Termination upon Repurchase by the Company or
Liquidation of All Mortgage Loans.......................106
9.02. Additional Termination Requirements......................108
ARTICLE X
MISCELLANEOUS PROVISIONS
10.01. Amendment...............................................108
10.02. Recordation of Agreement................................110
10.03. Limitation on Rights of Certificateholders..............110
10.04. Governing Law...........................................111
10.05. Notices.................................................111
10.06. Notices to the Rating Agencies..........................112
10.07. Severability of Provisions..............................112
10.08. Certificates Nonassessable and Fully Paid...............112
iii
<PAGE>
Exhibits
--------
EXHIBIT A Forms of Certificates
EXHIBIT B [Omitted]
EXHIBIT C Mortgage Loans
EXHIBIT D Form of Servicer's Certificate
EXHIBIT E Form of Transfer Certificate as to
ERISA Matters for Definitive
ERISA-Restricted Certificates
EXHIBIT F Form of Residual Certificate
Transferee Affidavit
EXHIBIT G Form of Residual Certificate
Transferor Letter
EXHIBIT H Additional Servicer Compensation
EXHIBIT I Form of Investment Letter for
Definitive Restricted Certificates
EXHIBIT J Form of Distribution Date
Statement
EXHIBIT K Form of Special Servicing and
Collateral Fund Agreement
EXHIBIT L Form of Lost Note Affidavit and
Agreement
EXHIBIT M Schedule of Streamlined Portfolio
Program Mortgage Loans Without Title
Insurance
EXHIBIT N Schedule of Designated Loans
iv
<PAGE>
THIS POOLING AND SERVICING AGREEMENT, dated as of
March 1, 1998, between GE CAPITAL MORTGAGE SERVICES, INC., a
corporation organized and existing under the laws of the State of
New Jersey, and THE FIRST NATIONAL BANK OF CHICAGO, a national
banking association, as Trustee.
W I T N E S S E T H T H A T :
In consideration of the mutual agreements herein
contained, GE Capital Mortgage Services, Inc. and The First
National Bank of Chicago agree as follows:
ARTICLE I
DEFINITIONS
Section 1.01. Definitions. Whenever used in this
Agreement, the following words and phrases, unless the context
otherwise requires, shall have the following meanings:
Accrued Certificate Interest: As to any Distribution
Date and any Class of Certificates (other than any Class of
Principal Only Certificates), interest accrued during the
related Interest Accrual Period at the applicable
Certificate Interest Rate on the Class Certificate
Principal Balance thereof immediately prior (or, in the
case of the Class S Certificates, on the aggregate Notional
Principal Balance thereof with respect) to such
Distribution Date, calculated on the basis of a 360-day
year consisting of twelve 30-day months. Accrued
Certificate Interest on each Class of Certificates (other
than any Class of Principal Only Certificates) shall be
reduced by such Class's share of the amount of any Net
Interest Shortfall and Interest Losses for such
Distribution Date. Any Net Interest Shortfall and Interest
Losses shall be allocated among the Classes of Certificates
(other than any Class of Principal Only Certificates) in
proportion to the respective amounts of Accrued Certificate
Interest that would have resulted absent such shortfall or
losses.
Agreement: This Pooling and Servicing Agreement and
all amendments hereof and supplements hereto.
Allocable Share: (a) As to any Distribution Date and
amounts distributable pursuant to clauses (i) and (iii) of
the definition of Junior Principal Distribution Amount, and
as to each Class of Junior Certificates, the fraction,
expressed as a percentage, the numerator of which is the
Class Certificate Principal Balance of such Class
<PAGE>
immediately prior to such Distribution Date and the
denominator of which is the aggregate Class Certificate
Principal Balance of the Junior Certificates immediately
prior to such Distribution Date.
(b) As to any Distribution Date and amounts
distributable pursuant to clauses (ii), (iv) and (v) of the
definition of Junior Principal Distribution Amount, and as
to the Class M Certificates and each Class of Class B
Certificates for which the related Prepayment Distribution
Trigger has been satisfied on such Distribution Date, the
fraction, expressed as a percentage, the numerator of which
is the Class Certificate Principal Balance of such Class
and the denominator of which is the aggregate Class
Certificate Principal Balance of all such Classes as to
which the related Prepayment Distribution Trigger has been
satisfied. As to any Distribution Date and each Class of
Class B Certificates for which the related Prepayment
Distribution Trigger has not been satisfied on such
Distribution Date, 0%.
Amortization Payment: As to any REO Mortgage Loan and
any month, the payment of principal and accrued interest
due in such month in accordance with the terms of the
related Mortgage Note as contemplated by Section 3.08(b).
Amount Held for Future Distribution: As to each
Distribution Date, the total of all amounts credited to the
Mortgage Loan Payment Record as of the preceding
Determination Date on account of (i) Principal Prepayments,
Insurance Proceeds and Liquidation Proceeds received
subsequent to the preceding Prepayment Period applicable to
such receipts, (ii) monthly payments of interest due on a
Self-Amortizing Mortgage Loan subsequent to the Due Date in
the Collection Period relating to such Distribution Date,
and (iii) any payments of principal, other than such
payments described in clause (i) above, received subsequent
to the immediately preceding Collection Period.
Anniversary Determination Date: The Determination Date
occurring in January of each year that the Certificates are
outstanding, commencing in April 1999.
Assumed Monthly Payment Reduction: As of any
Anniversary Determination Date and as to any Non-Primary
Residence Loan remaining in the Mortgage Pool whose
original principal balance was 80% or greater of the
Original Value thereof, the excess of (i) the Monthly
Payment thereof calculated on the assumption that the
Mortgage Rate thereon was equal to the weighted average (by
principal balance) of
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the Net Mortgage Rates of all Outstanding Mortgage Loans
(the "Weighted Average Rate") as of such Anniversary
Determination Date over (ii) the Monthly Payment thereof
calculated on the assumption that the Net Mortgage Rate
thereon was equal to the Weighted Average Rate less 1.25%
per annum.
Available Funds: As to each Distribution Date, an
amount equal to the sum of (i) all amounts credited to the
Mortgage Loan Payment Record pursuant to Section 3.02 as of
the preceding Determination Date, (ii) any Monthly Advance,
Compensating Interest Payment and Simple Interest Shortfall
Payment for such Distribution Date, (iii) the Purchase
Price of any Defective Mortgage Loans and Defaulted
Mortgage Loans deposited in the Certificate Account on the
Business Day preceding such Distribution Date (including
any amounts deposited in the Certificate Account in
connection with any substitution of a Mortgage Loan as
specified in Section 2.03(b)), and (iv) the purchase price
of any defaulted Mortgage Loan purchased under an agreement
entered into pursuant to Section 3.08(e) as of the end of
the preceding Prepayment Period, less the sum of (x) the
Amount Held for Future Distribution, (y) the amount of any
Unanticipated Recovery credited to the Mortgage Loan
Payment in respect of the Mortgage Pool pursuant to clause
(vi) of Section 3.02 and (z) amounts permitted to be
debited from the Mortgage Loan Payment Record pursuant to
clauses (i) through (vii) and (ix) of Section 3.04. For
purposes of calculating Available Funds on any Distribution
Date the Nonrecoverable Advance Reimbursement for such date
shall be allocated first in reduction of amounts
attributable to interest, and second in reduction of
amounts attributable to principal.
Available Interest Funds: As to each Distribution
Date, the portion of Available Funds attributable to
interest.
Available Principal Funds: As to each Distribution
Date, the portion of Available Funds attributable to
principal.
Balloon Mortgage Loan: A Mortgage Loan which by its
terms provides for a principal payment at its stated
maturity (as specified in the Mortgage Loan Schedule) that
is substantially larger than the principal component of
monthly payments required to be made by the Mortgagor
pursuant to the terms of the related Mortgage Note on
earlier Due Dates.
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Bankruptcy Coverage Termination Date: The Distribution
Date upon which the Bankruptcy Loss Amount has been reduced
to zero or a negative number (or the Cross-Over Date, if
earlier).
Bankruptcy Loss Amount: As of any Determination Date
prior to the first Anniversary Determination Date, the
Bankruptcy Loss Amount shall equal $50,000, as reduced by
the aggregate amount of Deficient Valuations since the
Cutoff Date. As of any Determination Date after the first
Anniversary Determination Date, other than an Anniversary
Determination Date, the Bankruptcy Loss Amount shall equal
the Bankruptcy Loss Amount on the immediately preceding
Anniversary Determination Date as reduced by the aggregate
amount of Deficient Valuations since such preceding
Anniversary Determination Date. As of any Anniversary
Determination Date, the Bankruptcy Loss Amount shall equal
the lesser of (x) the Bankruptcy Loss Amount as of the
preceding Anniversary Determination Date as reduced by any
Deficient Valuations for the preceding Distribution Date,
and (y) the Fitch Formula Amount for such Anniversary
Determination Date.
The Bankruptcy Loss Amount may be further reduced by
the Company (including accelerating the manner in which
such coverage is reduced) provided that prior to any such
reduction, the Company shall obtain written confirmation
from each Rating Agency that such reduction shall not
adversely affect the then-current rating assigned to the
related Classes of Certificates by such Rating Agency and
shall provide a copy of such written confirmation to the
Trustee.
BIF: The Bank Insurance Fund of the FDIC, or its
successor in interest.
Book-Entry Certificate: Any Certificate registered in
the name of the Depository or its nominee, ownership of
which is reflected on the books of the Depository or on the
books of a person maintaining an account with such
Depository (directly or as an indirect participant in
accordance with the rules of such Depository). As of the
Closing Date, each Class of Certificates, other than the
Class B3, Class B4, Class B5, Class R1, Class R2 and Class
S Certificates, constitutes a Class of Book-Entry
Certificates.
Book-Entry Nominee: As defined in Section 5.02(b).
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<PAGE>
Business Day: Any day other than a Saturday or a
Sunday, or a day on which banking institutions in New York
City or the city in which the Corporate Trust Office is
located are authorized or obligated by law or executive
order to be closed.
Buydown Funds: Funds contributed by the Mortgagor or
another source in order to reduce the interest payments
required from the Mortgagor for a specified period in
specified amounts.
Buydown Mortgage Loan: Any Mortgage Loan as to which
the Mortgagor pays less than the full monthly payment
specified in the Mortgage Note during the Buydown Period
and the difference between the amount paid by the Mortgagor
and the amount specified in the Mortgage Note is paid from
the related Buydown Funds.
Buydown Period: The period during which Buydown Funds
are required to be applied to the related Buydown Mortgage
Loan.
Certificate: Any one of the certificates signed and
countersigned by the Trustee in substantially the forms
attached hereto as Exhibit A.
Certificate Account: The trust account or accounts
created and maintained with the Trustee pursuant to Section
3.02 and which must be an Eligible Account.
Certificate Interest Rate: With respect to any Class
of Certificates other than any Class of Principal Only
Certificates and the Class M, Class B and Class S
Certificates and any Distribution Date, the fixed per annum
rate specified in Section 5.01(b).
With respect to the Class S Certificates and any
Distribution Date, the Strip Rate for such Distribution
Date.
With respect to the Class B3, Class B4 and Class B5
Certificates and any Distribution Date, the Weighted
Average Net Mortgage Rate.
With respect to the Class A6, Class M, Class B1 and
Class B2 Certificates and the first Distribution Date,
6.940%, 6.950%, 7.240% and 7.590% per annum, respectively;
and for each subsequent Distribution Date, the lesser of
(x) the Weighted Average Net Mortgage Rate for such
Distribution Date and (y) 6,940%, 6.950%, 7.240% and 7.590%
per annum, respectively.
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<PAGE>
The Principal Only Certificates are issued without a
Certificate Interest Rate.
Certificate Owner: With respect to any Book-Entry
Certificate, the person who is the beneficial owner thereof.
Certificate Principal Balance: As to any Certificate
other than a Notional Certificate, and as of any
Distribution Date, the Initial Certificate Principal
Balance of such Certificate less the sum of (i) all amounts
distributed with respect to such Certificate in reduction
of the Certificate Principal Balance thereof on previous
Distribution Dates pursuant to Section 4.01, (ii) any
Realized Losses allocated to such Certificate on previous
Distribution Dates pursuant to Section 4.03(b) and (c), and
(iii) in the case of a Subordinate Certificate, such
Certificate's Percentage Interest of the Subordinate
Certificate Writedown Amount allocated to such Certificate
on previous Distribution Dates. The Notional Certificates
are issued without Certificate Principal Balances.
Certificate Register and Certificate Registrar: The
register maintained and the registrar appointed pursuant to
Section 5.02.
Certificateholder or Holder: The person in whose name
a Certificate is registered in the Certificate Register,
except that, solely for the purposes of giving any consent
pursuant to this Agreement, a Certificate of any Class to
the extent that the Company or any affiliate is the
Certificate Owner or Holder thereof (except to the extent
the Company or any affiliate thereof shall be the
Certificate Owner or Holder of all Certificates of such
Class), shall be deemed not to be outstanding and the
Percentage Interest (or Voting Rights) evidenced thereby
shall not be taken into account in determining whether the
requisite amount of Percentage Interests (or Voting Rights)
necessary to effect any such consent has been obtained;
provided, however, that in determining whether the Trustee
shall be protected in relying on such consent only the
Certificates that the Trustee knows to be so held shall be
so disregarded.
Class: All Certificates bearing the same class
designation or any Lower Tier Interest.
Class A7 Certificate Percentage: As to any
Distribution Date, the percentage (carried to six places
rounded up) obtained by dividing the Class Certificate
Balance of the Class A7 Certificates immediately preceding
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<PAGE>
such Distribution Date by an amount equal to the aggregate
Certificate Principal Balance of the Senior Certificates
immediately preceding such Distribution Date.
Class A7 Distribution Percentage: For any Distribution
Date occurring during the periods set forth below, as
follows:
(i) for the Distribution Date occurring in April
1998 to and including the Distribution Date in March
2001, 0%;
(ii) for the Distribution Date occurring in April
2001 to and including the Distribution Date in March
2003, 45%;
(iii) for the Distribution Date occurring in
April 2003 to and including the Distribution Date in
March 2004, 80%;
(iv) for the Distribution Date occurring in April
2004 to and including the Distribution Date in March
2005, 100%; and
(v) for the Distribution Date occurring in April
2005 and any Distribution Date thereafter, 300%.
Notwithstanding the foregoing, on any Distribution Date
following the Senior Transition Date, the Class A7
Distribution Percentage will be equal to 100%.
Class A7 Principal Distribution Amount: As to any
Distribution Date an amount equal to the lesser of (x) the
product of (a) the Senior Principal Distribution Amount for
such Distribution Date, (b) the Class A7 Distribution
Percentage for such Distribution Date and (c) the Class A7
Certificate Percentage for such Distribution Date and (y)
the Senior Principal Distribution Amount with respect to
such Distribution Date; provided, however, that with
respect to any Distribution Date on or after the Senior
Transition Date, the Class A7 Principal Distribution Amount
will equal the Senior Principal Distribution Amount (less,
on the Senior Transition Date, amounts applied in reduction
of the Certificate Principal Balance of the Class A1, Class
A2, Class A3, Class A4, Class A5 and Class A6 Certificates
to zero on such date).
Class B Certificate: Any Class B1, Class B2, Class B3,
Class B4 or Class B5 Certificate.
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Class Certificate Principal Balance: As to any Class
of Certificates, other than any Class of Notional
Certificates, and any date of determination, the aggregate
of the Certificate Principal Balances of all Certificates
of such Class. The Class Certificate Principal Balance of
each such Class of Certificates as of the Closing Date is
specified in Section 5.01(b).
Class Interest Shortfall: As to any Distribution Date
and any Class of Certificates (other than any Class of
Principal Only Certificates), any amount by which the
amount distributed to Holders of such Class of Certificates
on such Distribution Date is less than the Accrued
Certificate Interest thereon for such Distribution Date
(including the applicable Simple Interest Shortfall
Percentage of any Unpaid Net Simple Interest Shortfall).
Closing Date: March 27, 1998.
Code: The Internal Revenue Code of 1986, as it may be
amended from time to time, any successor statutes thereto,
and applicable U.S. Department of the Treasury temporary or
final regulations promulgated thereunder.
Collection Period: As to any Distribution Date, the
calendar month next preceding the month in which such
Distribution Date occurs.
Company: GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the
State of New Jersey, or its successor in interest or, if
any successor servicer is appointed as herein provided,
then such successor servicer.
Compensating Interest Payment: With respect to any
Distribution Date, an amount equal to the aggregate of the
Interest Shortfalls described in clauses (a) and (b) of the
definition thereof with respect to such Distribution Date;
provided, however, that such amount shall not exceed the
lesser of (i) an amount equal to the product of (x) the
aggregate Principal Balance of the Mortgage Loans with
respect to such Distribution Date and (y) one-twelfth of
0.125%, and (ii) the aggregate of the Servicing Fees that
the Company would be entitled to retain on such
Distribution Date (less any portion thereof paid as
servicing compensation to any Primary Servicer) without
giving effect to any Compensating Interest Payment or
Simple Interest Shortfall Payment.
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Confirmatory Mortgage Note: With respect to any
Mortgage Loan, a note or other evidence of indebtedness
executed by the Mortgagor confirming its obligation under
the note or other evidence of indebtedness previously
executed by the Mortgagor upon the origination of the
related Mortgage Loan.
Corporate Trust Office: The principal office of the
Trustee at which at any particular time its corporate trust
business shall be administered, which office at the date of
the execution of this instrument is located at One First
National Plaza, Suite 0126, Chicago, Illinois 60670-0126,
Attention: Corporate Trust Services; except that for
purposes of Section 5.02, such term shall mean the office
or agency of the Trustee in the Borough of Manhattan, the
City of New York, which office at the date hereof is
located at 14 Wall Street, Eighth Floor, New York, New York
10005.
Corresponding Class: With respect to any Class of
Lower Tier Interests, the Class or Classes of Certificates,
and with respect to any Class of Certificates, the Class or
Classes of Lower Tier Interests, appearing opposite such
Class of Lower Tier Interests or Certificates in the table
included in Section 2.05(a).
Cross-Over Date: The first Distribution Date on which
the aggregate Class Certificate Principal Balance of the
Junior Certificates has been reduced to zero (giving effect
to all distributions on such Distribution Date).
Cut-off Date: March 1, 1998.
Defaulted Mortgage Loan: With respect to any
Determination Date, a Mortgage Loan as to which the related
Mortgagor has failed to make unexcused payment in full of a
total of three or more consecutive installments of
principal and interest, and as to which such delinquent
installments have not been paid, as of the close of
business on the last Business Day of the month next
preceding the month of such Determination Date.
Defective Mortgage Loan: Any Mortgage Loan which is
required to be purchased by the Company (or which the
Company may replace with a substitute Mortgage Loan)
pursuant to Section 2.02 or 2.03(a).
Deficient Valuation: As to any Mortgage Loan and any
Determination Date, the excess of (a) the then outstanding
indebtedness under such Mortgage Loan over (b) the valuation
by a court of competent jurisdiction of the related
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<PAGE>
Mortgaged Property as a result of a proceeding initiated by
or against the related Mortgagor under the Bankruptcy Code,
as amended from time to time (11 U.S.C.), pursuant to which
such Mortgagor retained such Mortgaged Property.
Definitive Certificate: Any Certificate, other than a
Book-Entry Certificate, issued in definitive, fully
registered form.
Definitive Restricted Junior Certificate: Any
Restricted Junior Certificate that is in the form of a
Definitive Certificate.
Deposit Date: As to any Distribution Date, the
Business Day next preceding such Distribution Date.
Depository: The initial Depository shall be The
Depository Trust Company, the nominee of which is CEDE &
Co. The Depository shall at all times be a "clearing
corporation" as defined in Section 8-102(3) of the Uniform
Commercial Code of the State of New York, as amended, or
any successor provisions thereto.
Depository Participant: A broker, dealer, bank or
other financial institution or other Person for which, from
time to time, the Depository effects book-entry transfers
and pledges of securities deposited with such Depository.
Designated Loan Closing Documents: With respect to any
Designated Loan, a Lost Note Affidavit substantially in the
form of Exhibit L, and an assignment of the related
Mortgage to the Trustee in recordable form (except for the
omission therein of recording information concerning such
Mortgage).
Designated Loans: The Mortgage Loans identified on
Exhibit N hereto.
Determination Date: With respect to any Distribution
Date, the fifth Business Day prior thereto.
Disqualified Organization: Any of the following: (i)
the United States, any State or political subdivision
thereof, or any agency or instrumentality of any of the
foregoing (including but not limited to state pension
organizations); (ii) a foreign government, International
Organization or any agency or instrumentality of either of
the foregoing; (iii) an organization (except certain
farmers' cooperatives described in Code section 521) which
is exempt from tax imposed by Chapter 1 of the Code
(including the tax imposed by section 511 of the Code on
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<PAGE>
unrelated business taxable income); and (iv) a rural
electric and telephone cooperative described in Code
section 1381(a)(2)(C). The terms "United States," "State"
and "International Organization" shall have the meanings
set forth in Code section 7701 or successor provisions. A
corporation will not be treated as an instrumentality of
the United States or of any State or political subdivision
thereof for these purposes if all of its activities are
subject to tax and a majority of its board of directors is
not selected by such governmental unit.
Distribution Date: The 25th day of each calendar month
after the month of initial issuance of the Certificates,
or, if such 25th day is not a Business Day, the next
succeeding Business Day.
Distribution Date Statement: The statement referred to
in Section 4.05(a).
Document File: As defined in Section 2.01.
Due Date: With respect to any Mortgage Loan, the date
during any Collection Period on which a Monthly Payment or
balloon payment is first due.
Early Installment: As to each Distribution Date and
any Self-Amortizing Mortgage Loan, any Monthly Payment due
on such Mortgage Loan subsequent to the Due Date in the
Collection Period relating to such Distribution Date and
both (x) received during such Collection Period and (y)
designated by the related Mortgagor as an advance Monthly
Payment.
Eligible Account: An account that is either (i)
maintained with a depository institution the debt
obligations of which have been rated by each Rating Agency
in one of its two highest long-term rating categories and
has been assigned by Moody's its highest short-term rating,
(ii) an account or accounts the deposits in which are fully
insured by either the BIF or the SAIF, (iii) an account or
accounts, in a depository institution in which such
accounts are insured by the BIF or the SAIF (to the limits
established by the FDIC), the uninsured deposits in which
accounts are either invested in Permitted Investments or
are otherwise secured to the extent required by the Rating
Agencies such that, as evidenced by an Opinion of Counsel
delivered to the Trustee, the Certificateholders have a
claim with respect to the funds in such account or a
perfected first security interest against any collateral
(which shall be limited to Permitted Investments) securing
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<PAGE>
such funds that is superior to claims of any other
depositors or creditors of the depository institution with
which such account is maintained, (iv) a trust account
maintained with the corporate trust department of a federal
or state chartered depository institution or of a trust
company with trust powers and acting in its fiduciary
capacity for the benefit of the Trustee hereunder or (v)
such account as will not cause either Rating Agency to
downgrade or withdraw its then-current rating assigned to
the Certificates, as evidenced in writing by the Rating
Agencies.
ERISA: The Employee Retirement Income Security Act of
1974, as amended.
ERISA-Restricted Certificate: Any Junior Certificate.
Event of Default: An event described in Section 7.01.
Excess Bankruptcy Loss: Any Deficient Valuation or
portion thereof (i) occurring after the Bankruptcy Coverage
Termination Date or (ii) if on such date, in excess of the
then-applicable Bankruptcy Loss Amount.
Excess Fraud Loss: Any Fraud Loss, or portion thereof,
(i) occurring after the Fraud Coverage Termination Date or
(ii) if on such date, in excess of the then-applicable
Fraud Loss Amount.
Excess Loss: Any Excess Bankruptcy Loss, Excess Fraud
Loss or Excess Special Hazard Loss.
Excess Special Hazard Loss: Any Special Hazard Loss,
or portion thereof, (i) occurring after the Special Hazard
Termination Date or (ii) if on such date, in excess of the
then-applicable Special Hazard Loss Amount.
FDIC: The Federal Deposit Insurance Corporation, or
its successor in interest.
FEMA: The Federal Emergency Management Agency, or its
successor in interest.
FHLMC: The Federal Home Loan Mortgage Corporation or
its successor in interest.
Financial Intermediary: A broker, dealer, bank or
other financial institution or other Person that clears
through or maintains a custodial relationship with a
Depository Participant.
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Fitch: Fitch IBCA, Inc. and its successors.
Fitch Formula Amount: As to each Anniversary
Determination Date, the greater of (i) $50,000 and (ii) the
product of (x) the greatest Assumed Monthly Payment
Reduction for any Non-Primary Residence Loan whose original
principal balance was 80% or greater of the Original Value
thereof, (y) the weighted average remaining term to
maturity (expressed in months) of all the Non-Primary
Residence Loans remaining in the Mortgage Pool as of such
Anniversary Determination Date, and (z) the sum of (A) one
plus (B) the number of all remaining Non-Primary Residence
Loans divided by the total number of Outstanding Mortgage
Loans as of such Anniversary Determination Date.
FNMA: The Federal National Mortgage Association or its
successor in interest.
Fraud Coverage Termination Date: The Distribution Date
upon which the related Fraud Loss Amount has been reduced
to zero or a negative number (or the Cross-Over Date, if
earlier).
Fraud Loss: Any Realized Loss attributable to fraud in
the origination of the related Mortgage Loan.
Fraud Loss Amount: As of any Distribution Date after
the Cut-off Date, (x) prior to the first anniversary of the
Cut-off Date, an amount equal to $3,097,158 minus the
aggregate amount of Fraud Losses that would have been
allocated to the Junior Certificates in accordance with
Section 4.03 in the absence of the Loss Allocation
Limitation since the Cut-off Date, and (y) from the first
through the fourth anniversary of the Cut-off Date, an
amount equal to (1) the lesser of (a) the Fraud Loss Amount
as of the most recent anniversary of the Cut-off Date and
(b) 1.00% of the aggregate outstanding principal balance of
all of the Mortgage Loans as of the most recent anniversary
of the Cut-off Date minus (2) the Fraud Losses that would
have been allocated to the Junior Certificates in
accordance with Section 4.03 in the absence of the Loss
Allocation Limitation since the most recent anniversary of
the Cut-off Date. After the fourth anniversary of the
Cut-off Date the Fraud Loss Amount shall be zero.
GECC: General Electric Capital Corporation and its
successors in interest.
Initial Certificate Principal Balance: With respect to
any Certificate, other than a Notional Certificate, the
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<PAGE>
Certificate Principal Balance of such Certificate or any
predecessor Certificate on the Closing Date.
Insurance Proceeds: Proceeds paid by any insurer
pursuant to any insurance policy covering a Mortgage Loan.
Insured Expenses: Expenses covered by any insurance
policy or policies applicable to the Mortgage Loans.
Interest Accrual Period: With respect to any
Distribution Date and any Class of Certificates (other than
any Class of Principal Only Certificates), the one-month
period ending on the last day of the month preceding the
month in which such Distribution Date occurs.
Interest Losses: The interest portion of (i) on or
prior to the Cross-Over Date, any Excess Losses and (ii)
after the Cross-Over Date, any Realized Losses.
Interest Shortfall: With respect to any Distribution
Date and each Mortgage Loan that during the related
Prepayment Period was the subject of a Voluntary Principal
Prepayment or constitutes a Relief Act Mortgage Loan, an
amount determined as follows:
(a) As to any Self-Amortizing Mortgage Loan as to
which a partial principal prepayment is received
during the related Collection Period, one month's
interest at the applicable Net Mortgage Rate on the
amount of such prepayment;
(b) As to any Self-Amortizing Mortgage Loan as to
which a principal prepayment in full is received on or
after the sixteenth day of the month preceding the
month of such Distribution Date (or, in the case of
the first Distribution Date, on or after the Cut-off
Date) but on or before the last day of the month
preceding the month of such Distribution Date, the
difference between (i) one month's interest at the
applicable Net Mortgage Rate on the Principal Balance
of such Mortgage Loan immediately prior to such
prepayment and (ii) the amount of interest for the
calendar month of such pre-payment (adjusted to the
applicable Net Mortgage Rate) received at the time of
such prepayment;
(c) As to any Self-Amortizing Mortgage Loan as to
which a principal prepayment in full is received by
the Company (or of which the Company receives notice,
in the case of a Mortgage Loan serviced by a Primary
Servicer) on or after the first day but on or before
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the fifteenth day of the month of such Distribution
Date, none; and
(d) Relief Act Mortgage Loans: As to any Self-
Amortizing Mortgage Loan that becomes a Relief Act
Mortgage Loan, the excess of (i) 30 days' interest
(or, in the case of a Principal Prepayment in full,
interest to the date of prepayment) on the Principal
Balance thereof (or, in the case of a Principal
Prepayment in part, on the amount so prepaid) at the
related Net Mortgage Rate over (ii) 30 days' interest
(or, in the case of a Principal Prepayment in full,
interest to the date of prepayment) on such Principal
Balance (or, in the case of a Principal Prepayment in
part, on the amount so prepaid) at the Net Mortgage
Rate required to be paid by the Mortgagor as limited
by application of the Relief Act. As to any Simple
Interest Mortgage Loan that becomes a Relief Act
Mortgage Loan, the excess of (i) the amount of any
payment that would have been allocated to interest on
the basis of the related Net Mortgage Rate over (ii)
the amount of such payment allocated to interest on
the basis of the Net Mortgage Rate required to be paid
by the Mortgagor as limited by the application of the
Relief Act, in each case calculated in accordance with
the Simple Interest Method.
Junior Certificate: Any Class M or Class B
Certificate.
Junior Percentage: As to any Distribution Date, the
excess of 100% over the Senior Percentage for such
Distribution Date.
Junior Prepayment Percentage: As to any Distribution
Date, the excess of 100% over the Senior Prepayment
Percentage for such Distribution Date, except that (i)
after the aggregate Certificate Principal Balance of the
Senior Certificates has been reduced to zero, the Junior
Prepayment Percentage shall be 100%, and (ii) after the
Cross-Over Date, the Junior Prepayment Percentage shall be
zero.
Junior Principal Distribution Amount: As to any
Distribution Date, an amount equal to the sum of the
following (but in no event greater than the aggregate
Certificate Principal Balance of the Junior Certificates
immediately prior to such Distribution Date):
(i) the Junior Percentage of all payments of principal
received on the Mortgage Loans during the related
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Collection Period, other than payments of
principal described in clauses (ii) through (v)
below;
(ii) the Junior Prepayment Percentage of all principal
prepayments in part (other than the principal
portion of Early Installments) received with
respect to Self-Amortizing Mortgage Loans during
the related Prepayment Period, together with the
Junior Prepayment Percentage of the Principal
Balance of each Mortgage Loan which was the
subject of a Voluntary Principal Prepayment in
full during the related Prepayment Period;
(iii) the Junior Prepayment Percentage of the sum of (A)
all Net Liquidation Proceeds allocable to
principal received during the related Prepayment
Period (other than in respect of Mortgage Loans
described in clause (B)) and (B) the principal
balance of each Mortgage Loan that was purchased
by an insurer from the Trustee during the related
Prepayment Period pursuant to any related
insurance policy;
(iv) the Junior Prepayment Percentage of the Principal
Balance of each Mortgage Loan which was purchased
on such Distribution Date pursuant to Section
2.02, 2.03(a) or 3.16; and
(v) the Junior Prepayment Percentage of the
Substitution Amount for any Mortgage Loan
substituted during the month of such Distribution
Date,
minus the product of the Junior Percentage for such
Distribution Date and the amount, if any, by which the
Available Funds for such Distribution Date has been reduced
pursuant to clause second of the last sentence of the
definition of Available Funds.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
Latest Possible Maturity Date: February 25, 2030.
Liquidated Mortgage Loan: Any defaulted Mortgage Loan
as to which the Company has determined that all amounts
which it expects to recover from or on account of such
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Mortgage Loan have been recovered, including any Mortgage
Loan with respect to which the Company determines not to
foreclose upon the related Mortgaged Property based on its
belief that such Mortgaged Property may be contaminated
with or affected by hazardous or toxic wastes, materials or
substances.
Liquidation Expenses: Expenses which are incurred by
the Company in connection with the liquidation of any
defaulted Mortgage Loan and not recovered by the Company,
such expenses including, without limitation, legal fees and
expenses, and, regardless of when incurred, any
unreimbursed amount expended by the Company pursuant to
Section 3.06 respecting the related Mortgage Loan and any
related and unreimbursed Property Protection Expenses.
Liquidation Proceeds: Cash (other than Insurance
Proceeds) received in connection with the liquidation of
any defaulted Mortgage Loan whether through judicial
foreclosure or otherwise.
Loan Conditions: In order to be a Permitted Senior
Lien as referred to in Section 3.01, any refinancing of an
existing first mortgage loan ("Refinanced Loan") must
satisfy the following:
(i) the Second Lien Combined Loan-to-Value Ratio
of the Principal Balance of the Refinanced Loan and
the principal balance of the related Mortgage Loan at
the time of origination of the Refinanced Loan may be
no higher than the Second Lien Combined Loan-to-Value
Ratio of the Principal Balance of the first lien
mortgage loan in place as of the Cut-off Date and the
Principal Balance of the Mortgage Loan as of the
Cutoff Date; and the Principal Balance of the
Refinanced Loan at the time of origination thereof may
be no higher than the Principal Balance of the first
lien mortgage loan in place as of the Cut-off Date;
(ii) the Mortgagor's principal and interest
payment obligation under the Refinanced Loan does not
result in a higher debt-to-income ratio than such
ratio at the time of origination of such Mortgagor's
Mortgage Loan;
(iii) the documentation evidencing the Company's
agreement to the placing of the Permitted Senior Lien
must be acceptable in form and substance to the
servicer; and
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(iv) any Refinanced Loan (other than a Refinanced
Loan that matures after the maturity date of the
related Mortgage Loan) may not by its terms provide
for a principal payment at maturity that is
substantially larger (a balloon payment) than the
amount of each monthly installment of principal due on
other Due Dates.
For purposes of determining the Second Lien Combined
Loan-to-Value ratio referred to in (i), the appraisal
obtained in connection with the origination of the Mortgage
Loan will be used unless the age of such appraisal is more
than six months, in which case a new appraisal must be
obtained.
Loss Allocation Limitation: As defined in Section
4.03(g).
Lower Tier Balance: As to each Class of Lower Tier
Interests and any Distribution Date, the initial Lower Tier
Balance thereof set forth or specified in Section 2.05(a)
less the sum of (i) the aggregate amount of principal
allocable thereto on previous Distribution Dates pursuant
to Section 2.05(c) and (ii) any Realized Losses or
Subordinate Certificate Writedown Amount allocated thereto
on previous Distribution Dates.
Lower Tier Interest: Any one of the Classes of regular
interests in the Lower Tier REMIC described as such in
Section 2.05(a).
Lower Tier Interest Rate: As to each Lower Tier
Interest, the applicable "Lower Tier Interest Rate," if any,
set forth in Section 2.05(a) hereof.
Lower Tier REMIC: One of the two separate REMICs
comprising the Trust Fund, the assets of which consist of
the assets and rights specified in clauses (i) through (ix)
of the definition of the term Trust Fund.
Monthly Advance: With respect to any Distribution
Date, the aggregate of the advances required to be made by
the Company pursuant to Section 4.04(a) (or by the Trustee
pursuant to Section 4.04(b)) on such Distribution Date, the
amount of any such Monthly Advance being equal to (a) the
aggregate of the amount of interest due on each Mortgage
Loan on the related Due Date (without giving effect to any
change in Due Date made at the option of the related
Mortgagor) occurring in the preceding Collection Period,
net of the related Servicing Fee, to the extent that all or
a
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portion of the scheduled payment due in such Collection
Period was not received by the end of such Collection
Period (or, in the case of an REO Mortgage Loan, the amount
of interest that would have been due on the related Due
Date for such Mortgage Loan had it remained outstanding,
net of any related REO Proceeds received during such
Collection Period), less (b) the amount of any such
payments which the Company or the Trustee, as applicable,
in its reasonable judgment believes will not be ultimately
recoverable by it either out of late payments by the
Mortgagor, Net Liquidation Proceeds, Insurance Proceeds,
REO Proceeds or otherwise. With respect to any Mortgage
Loan, the portion of any such advance or advances made with
respect thereto.
Monthly Payment: The scheduled monthly payment on a
Mortgage Loan for any month allocable to principal or
interest on such Mortgage Loan.
Moody's: Moody's Investors Service, Inc. and its
successors.
Mortgage: The mortgage or deed of trust creating a
first or second lien on a fee simple interest in real
property securing a Mortgage Note.
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 such
documents pursuant to this Agreement.
Mortgage Loan Payment Record: The record maintained by
the Company pursuant to Section 3.02(b).
Mortgage Loan Schedule: As of any date of
determination, the schedule of Mortgage Loans included in
the Trust Fund. The initial schedule of Mortgage Loans as
of the Cut-off Date is attached hereto as Exhibit C.
Mortgage Loans: As of any date of determination, each
of the mortgage loans identified on the Mortgage Loan
Schedule (as amended pursuant to Section 2.03(b)) delivered
and assigned to the Trustee pursuant to Section 2.01 or
2.03(b), and not theretofore released from the Trust Fund
by the Trustee.
Mortgage Note: With respect to any Mortgage Loan, the
note or other evidence of indebtedness (which may consist
of a Confirmatory Mortgage Note) evidencing the
indebtedness of a Mortgagor under such Mortgage Loan.
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Mortgage Pool: The aggregate of the Mortgage Loans
identified in the Mortgage Loan Schedule.
Mortgage Rate: The per annum rate of interest borne by
a Mortgage Loan as set forth in the related Mortgage Note.
Mortgaged Property: The property securing the Mortgage
Note.
Mortgagor: With respect to any Mortgage Loan, each
obligor on the related Mortgage Note.
Net Interest Shortfall: With respect to any
Distribution Date, the excess, if any, of the aggregate
Interest Shortfalls for such Distribution Date over any
Compensating Interest Payment for such date.
Net Liquidation Proceeds: As to any Liquidated
Mortgage Loan, the sum of (i) any Liquidation Proceeds
therefor less the related Liquidation Expenses, and (ii)
any Insurance Proceeds therefor, other than any such
Insurance Proceeds applied to the restoration of the
related Mortgaged Property.
Net Mortgage Rate: With respect to any Mortgage Loan,
the related Mortgage Rate less the applicable Servicing Fee
Rate.
Net Simple Interest Excess: As to any Distribution
Date, (a) the excess, if any, of the aggregate amount of
interest received on the Simple Interest Mortgage Loans
during the related Collection Period, calculated in
accordance with the Simple Interest Method, net of the
related Servicing Fees, over (b) one month's interest at
the weighted average (by Principal Balance) of the Net
Mortgage Rates of the Simple Interest Mortgage Loans as of
the first day of the related Interest Accrual Period, on
the aggregate Principal Balance of such Simple Interest
Mortgage Loans for such Distribution Date, carried to six
decimal places, rounded down, and calculated on the basis
of a 360-day year consisting of twelve 30-day months. For
purposes of the foregoing, the amount of interest received
in respect of the Simple Interest Mortgage Loans in any
Collection Period shall be deemed (a) to include any
Monthly Advances made by the Company for such Collection
Period in respect of such Simple Interest Mortgage Loans,
and (b) to be reduced by any reimbursements of Monthly
Advances previously made by the Company in respect of such
Simple Interest Mortgage Loans (or any related REO Mortgage
Loans or Liquidated Mortgage
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Loans) for such Collection Period pursuant to Section
3.04(v) or (vii).
Net Simple Interest Shortfall: As to any Distribution
Date, the excess, if any, of (a) one month's interest at
the weighted average (by Principal Balance) of the Net
Mortgage Rates of the Simple Interest Mortgage Loans as of
the first day of the related Interest Accrual Period, on
the aggregate Principal Balance of such Simple Interest
Mortgage Loans for such Distribution Date, carried to six
decimal places, rounded down, and calculated on the basis
of a 360-day year consisting of twelve 30-day months, over
(b) the aggregate amount of interest received on the Simple
Interest Mortgage Loans during the related Collection
Period, calculated in accordance with the Simple Interest
Method, net of the related Servicing Fees. For purposes of
the foregoing, the amount of interest received in respect
of the Simple Interest Mortgage Loans in any Collection
Period shall be deemed (a) to include any Monthly Advances
made by the Company for such Collection Period in respect
of such Simple Interest Mortgage Loans, and (b) to be
reduced by any reimbursements of Monthly Advances
previously made by the Company in respect of such Simple
Interest Mortgage Loans (or any related REO Mortgage Loans
or Liquidated Mortgage Loans) for such Collection Period
pursuant to Section 3.04(v) or (vii).
Non-Book-Entry Certificate: Any Certificate other than
a Book-Entry Certificate.
Non-Credit Loss: Any Fraud Loss, Special Hazard Loss
or Deficient Valuation.
Non-permitted Foreign Holder: As defined in Section
5.02(b).
Non-Primary Residence Loan: Any Mortgage Loan secured
by a Mortgaged Property that is (on the basis of
representations made by the Mortgagors at origination) a
second home or investor-owned property.
Nonrecoverable Advance: All or any portion of any
Monthly Advance or Monthly Advances previously made by the
Company (or the Trustee) which, in the reasonable judgment
of the Company (or, as applicable, the Trustee) will not be
ultimately recoverable from related Net Liquidation
Proceeds, Insurance Proceeds, REO Proceeds or otherwise.
The determination by the Company that it has made a
Nonrecoverable Advance or that any advance, if made, would
constitute a Nonrecoverable Advance, shall be evidenced by
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an Officer's Certificate of the Company delivered to the
Trustee and detailing the reasons for such determination.
Nonrecoverable Advance Reimbursement: As to each
Distribution Date, the amount, if any, by which the
Mortgage Loan Payment Record has been debited pursuant to
clause (vii) of Section 3.04 after the second preceding
Determination Date and on or prior to the immediately
preceding Determination Date.
Non-U.S. Person: As defined in Section 4.02(c).
Notional Certificate: Any Class S Certificate.
Notional Principal Balance: As to any Distribution
Date and the Class S Certificates, the aggregate Principal
Balance of the Outstanding Mortgage Loans as of the end of
the calendar month immediately preceding the related
Collection Period, as reduced by the amount of any
Voluntary Principal Prepayment in full received on or prior
to the fifteenth day of such Collection Period. As to any
Distribution Date and any Class S Certificate, such
Certificate's Percentage Interest of the aggregate Notional
Principal Balance of the Class S Certificates for such
Distribution Date.
Officer's Certificate: A certificate signed by the
President, a Senior Vice President or a Vice President of
the Company and delivered to the Trustee.
Opinion of Counsel: A written opinion of counsel, who
may be counsel for the Company; provided, however, that any
Opinion of Counsel with respect to the interpretation or
application of the REMIC Provisions or the status of an
account as an Eligible Account shall be the opinion of
independent counsel satisfactory to the Trustee.
Original Subordinate Principal Balance: As set forth
in the definition of Senior Prepayment Percentage.
Original Value: The value of the property underlying a
Mortgage Loan based, in the case of the purchase of the
underlying Mortgaged Property, on the lower of an appraisal
satisfactory to the Company or the sales price of such
property or, in the case of a refinancing, on an appraisal
satisfactory to the Company.
Outstanding Mortgage Loan: With respect to any date of
determination, a Mortgage Loan which, prior to such date,
was not the subject of a Principal Prepayment in full, did
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not become a Liquidated Mortgage Loan and was not purchased
pursuant to Section 2.02, 2.03(a) or 3.16 or replaced
pursuant to Section 2.03(b).
Pay-out Rate: With respect to any Class of
Certificates (other than any Class of Principal Only
Certificates) and any Distribution Date, the rate at which
interest is distributed on such Class on such Distribution
Date and which is equal to a fraction (expressed as an
annualized percentage) the numerator of which is the
Accrued Certificate Interest for such Class and
Distribution Date, and the denominator of which is the
Class Certificate Principal Balance (or, in the case of the
Notional Certificates, the Notional Principal Balance) of
such Class immediately prior to such Distribution Date.
Percentage Interest: With respect to any Certificate,
the percentage interest in the undivided beneficial
ownership interest in the Trust Fund evidenced by
Certificates of the same Class as such Certificate. With
respect to any Certificate, the Percentage Interest
evidenced thereby shall equal the Initial Certificate
Principal Balance (or, in the case of a Notional
Certificate, the initial Notional Principal Balance)
thereof divided by the aggregate Initial Certificate
Principal Balance (or, in the case of a Notional
Certificate, the aggregate initial Notional Principal
Balance) of all Certificates of the same Class.
Permitted Investments: One or more of the following;
provided, however, that no such Permitted Investment may
mature later than the Business Day preceding the
Distribution Date after such investment except as otherwise
provided in Section 3.02(e) hereof, provided, further, that
such investments qualify as "cash flow investments" as
defined in section 860G(a)(6) of the Code:
(i) obligations of, or guaranteed as to timely
receipt of 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) provided that the unsecured
obligations of the party agreeing to repurchase such
obligations are at the time rated by each Rating
Agency in the highest long-term rating category;
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(iii) federal funds, certificates of deposit, time
deposits and banker's acceptances, of any U.S.
depository institution or trust company incorporated
under the laws of the United States or any state
provided that the debt obligations of such depository
institution or trust company at the date of
acquisition thereof have been rated by each Rating
Agency in the highest long-term rating category;
(iv) commercial paper of any corporation
incorporated under the laws of the United States or
any state thereof which on the date of acquisition has
the highest short term rating of each Rating Agency;
(v) money market or common trust funds rated by
each Rating Agency in its highest short-term rating
category; and
(vi) other obligations or securities that are
acceptable to each Rating Agency as a Permitted
Investment hereunder and will not, as evidenced in
writing, result in a reduction or withdrawal in the
then current rating of the Certificates.
Notwithstanding the foregoing, Permitted Investments shall
not include "stripped securities" and investments which
contractually may return less than the purchase price
therefor.
Permitted Senior Lien: As defined in Section 3.01.
Person: Any legal person, including 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.
Plan: Any Person which is an employee benefit plan
subject to ERISA or a plan subject to section 4975 of the
Code.
Pool Principal Balance: With respect to any
Distribution Date, the aggregate Principal Balance of all
the Mortgage Loans that were Outstanding Mortgage Loans as
of the related Collection Period (or, in the case of the
first Distribution Date, the Cut-off Date; or, if so
specified, such other date).
Prepayment Assumption: The assumed fixed schedule of
prepayments on a pool of new mortgage loans with such
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schedule given as a monthly sequence of prepayment rates,
expressed as annualized percent values. These values start
at 2.00% per annum in the first month, and increase by an
additional 2.00% per annum in each month thereafter until
the tenth month. At such time, the rate remains constant at
20% per annum each month for the balance of the remaining
term.
Prepayment Distribution Trigger: As of any
Distribution Date and as to each Class of Class B
Certificates, the related Prepayment Distribution Trigger
is satisfied if (x) the fraction, expressed as a
percentage, the numerator of which is the aggregate Class
Certificate Principal Balance of such Class and each Class
subordinate thereto, if any, on such Distribution Date, and
the denominator of which is the Pool Principal Balance for
such Distribution Date, equals or exceeds (y) such
percentage calculated as of the Closing Date.
Prepayment Interest Excess: As to any Voluntary
Principal Prepayment in full received from the first day
through the fifteenth day of any calendar month (other than
the calendar month in which the Cut-off Date occurs) on any
Self-Amortizing Mortgage Loan, all amounts paid in respect
of interest on such Principal Prepayment. For purposes of
determining the amount of Prepayment Interest Excess for
any month, a Voluntary Principal Prepayment in full with
respect to a Self-Amortizing Mortgage Loan serviced by a
Primary Servicer shall be deemed to have been received when
the Company, as servicer, receives notice thereof. All
Prepayment Interest Excess shall be retained by the
Company, as servicer, as additional servicing compensation.
Prepayment Period: With respect to any Distribution
Date and any Voluntary Principal Prepayment in part or
other Principal Prepayment other than a Voluntary Principal
Prepayment in full, the calendar month preceding the month
of such Distribution Date; with respect to any Distribution
Date and any Voluntary Principal Prepayment in full, the
period beginning on the sixteenth day of the calendar month
preceding the month of such Distribution Date (or, in the
case of the first Distribution Date, beginning on the
Cutoff Date) and ending on the fifteenth day of the month
in which such Distribution Date occurs.
Prepayment Premium: As to any Mortgage Loan in respect
of which a Principal Prepayment is received, any premium
paid by the related Mortgagor in connection with such
Principal Prepayment.
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Primary Servicer: Any servicer with which the Company
has entered into a servicing agreement, as described in
Section 3.01(e).
Principal Balance: As to any Self-Amortizing Mortgage
Loan and Distribution Date, the unpaid principal balance of
such Mortgage Loan as specified in the amortization
schedule at the time relating thereto as of the month
preceding the month of such Distribution Date (or, in the
case of the first Distribution Date, as of the Cut-off
Date), before giving effect to any scheduled payments of
principal due during such month and after giving effect to
any principal prepayments in part received prior to such
month and any principal prepayments in full received
through and including the 15th day of such month. As to any
Simple Interest Mortgage Loan and Distribution Date, the
unpaid principal balance thereof as of the calendar month
preceding the month of such Distribution Date, before
giving effect to any regularly scheduled payment due during
such month and after giving effect to any principal
prepayments in part received prior to such month and any
principal prepayments in full received through and
including the 15th day of such month. As to any Mortgage
Loan and the Cut-off Date, the "unpaid balance" thereof
specified in the initial Mortgage Loan Schedule.
Principal Only Certificate: Any Class R1 or Class R2
Certificate.
Principal Prepayment: Any payment or other recovery of
principal on a Mortgage Loan (including, for this purpose,
any refinancing permitted by Section 3.01 and any REO
Proceeds treated as such pursuant to Section 3.08(b), but
not including any Early Installment) which is received in
advance of its scheduled Due Date and is not accompanied by
an amount of interest representing scheduled interest for
any month subsequent to the month of prepayment.
Private Placement Memorandum: The private placement
memorandum relating to the Restricted Junior Certificates
dated March 24, 1998.
Prohibited Transaction Exemption: The U.S. Department
of Labor Prohibited Transaction Exemption 90-32 (55 Fed.
Reg. 23147, June 6, 1990).
Property Protection Expenses: With respect to any
Mortgage Loan, expenses paid or incurred by or for the
account of the Company in accordance with the related
Mortgage for (a) real estate property taxes and property
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repair, replacement, protection and preservation expenses
(b) similar expenses reasonably paid or incurred to
preserve or protect the value of such Mortgage to the
extent the Company is not reimbursed therefor pursuant to
any primary mortgage insurance policy, if any, or any other
insurance policy with respect thereto, and (c) any amount
required to satisfy or keep current a mortgage loan not
included in the Trust Fund secured by a lien that is prior
to the lien securing a Mortgage Loan.
Purchase Price: With respect to any Mortgage Loan
required or permitted to be purchased hereunder from the
Trust Fund, an amount equal to 100% of the unpaid principal
balance thereof plus interest thereon at the applicable
Mortgage Rate from the date to which interest was last paid
to the first day of the month in which such purchase price
is to be distributed; provided, however, that if the
Company is the servicer hereunder, such purchase price
shall be net of unreimbursed Monthly Advances with respect
to such Mortgage Loan and the interest component of the
Purchase Price may be computed on the basis of the Net
Mortgage Rate for such Mortgage Loan.
QIB: A "qualified institutional buyer" as defined in
Rule 144A under the Securities Act of 1933, as amended.
Rating Agency: Any statistical credit rating agency,
or its successor, that rated any of the Certificates at the
request of the Company at the time of the initial issuance
of the Certificates. If such agency or a successor is no
longer in existence, "Rating Agency" shall be such
statistical credit rating agency, or other comparable
Person, designated by the Company, notice of which
designation shall be given to the Trustee. References
herein to the two highest long-term rating categories of a
Rating Agency shall mean such ratings without any
modifiers. As of the date of the initial issuance of the
Certificates, the Rating Agencies are Fitch and Moody's;
except that for purposes of the Class M, Class B1, Class
B2, Class B3 and Class B4 Certificates, Moody's shall be
the sole Rating Agency.
Realized Loss: Any (i) Deficient Valuation or (ii) as
to any Liquidated Mortgage Loan, (x) the unpaid principal
balance of such Liquidated Mortgage Loan plus accrued and
unpaid interest thereon at the Net Mortgage Rate through
the last day of the month of such liquidation less (y) the
related Net Liquidation Proceeds.
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Record Date: The last Business Day of the month
immediately preceding the month of the related Distribution
Date.
Relief Act: The Soldiers' and Sailors' Civil Relief
Act of 1940, as amended.
Relief Act Mortgage Loan: Any Mortgage Loan as to
which the Monthly Payment thereof has been reduced due to
the application of the Relief Act.
REMIC: A "real estate mortgage investment conduit"
within the meaning of section 860D of the Code.
REMIC Provisions: Provisions of the federal income tax
law relating to real estate mortgage investment conduits,
which appear at sections 860A through 860G of Part IV of
Subchapter M of Chapter 1 of the Code, and related
provisions, and U.S. Department of the Treasury temporary
or final regulations promulgated thereunder, as the
foregoing may be in effect from time to time, as well as
provisions of applicable state laws.
REO Mortgage Loan: Any Mortgage Loan which is not a
Liquidated Mortgage Loan and as to which the related
Mortgaged Property is held as part of the Trust Fund.
REO Proceeds: Proceeds, net of any related expenses of
the Company, received in respect of any REO Mortgage Loan
(including, without limitation, proceeds from the rental of
the related Mortgaged Property).
Residual Certificate: Any Class R1 or Class R2
Certificate.
Responsible Officer: When used with respect to the
Trustee, any officer or assistant officer assigned to and
working in the Corporate Trust Office of the Trustee 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.
Restricted Certificate: Any Restricted Junior
Certificate or Class S Certificate.
Restricted Junior Certificate: Any Class B3, Class B4
or Class B5 Certificate.
SAIF: The Savings Association Insurance Fund of the
FDIC, or its successor in interest.
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Second Lien Combined Loan-to-Value Ratio: As to any
Second Mortgage Loan, the ratio, expressed as a percentage,
that the sum of the original principal balance of such
Second Mortgage Loan and the then current principal balance
of the related first priority mortgage bears to the
appraised value of the related Mortgaged Property at the
time such Second Mortgage Loan was originated (or if the
proceeds of such Second Mortgage Loan are used to refinance
an existing mortgage loan, an appraisal that is less than
six months old).
Second Mortgage Loan: Any Mortgage Loan secured by a
second lien on the related Mortgage Property.
Self-Amortizing Mortgage Loan: Any Mortgage Loan other
than a Simple Interest Mortgage Loan.
Senior Certificate: Any Class A1, Class A2, Class A3,
Class A4, Class A5, Class A6, Class A7, Class R1 or Class R2
Certificate.
Senior Certificate Principal Balance: As of any
Distribution Date, an amount equal to the sum of the
Certificate Principal Balances of the Senior Certificates.
Senior Percentage: As to any Distribution Date, the
lesser of (i) 100% and (ii) the percentage (carried to six
places rounded up) obtained by dividing the Senior
Certificate Principal Balance immediately prior to such
Distribution Date by an amount equal to the sum of the
Certificate Principal Balances of all the Certificates
immediately prior to such Distribution Date.
Senior Prepayment Percentage: For any Distribution
Date occurring prior to the fifth anniversary of the first
Distribution Date, 100%. For any Distribution Date
occurring on or after the fifth anniversary of the first
Distribution Date, an amount as follows:
(i) for any Distribution Date subsequent to March
2003 to and including the Distribution Date in
March 2004, the Senior Percentage for such
Distribution Date plus 70% of the Junior
Percentage for such Distribution Date;
(ii) for any Distribution Date subsequent to March
2004 to and including the Distribution Date in
March 2005, the Senior Percentage for such
Distribution Date plus 60% of the Junior
Percentage for such Distribution Date;
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(iii) for any Distribution Date subsequent to March
2005 to and including the Distribution Date in
March 2006, the Senior Percentage for such
Distribution Date plus 40% of the Junior
Percentage for such Distribution Date;
(iv) for any Distribution Date subsequent to March
2006 to and including the Distribution Date in
March 2007, the Senior Percentage for such
Distribution Date plus 20% of the Junior
Percentage for such Distribution Date; and
(v) for any Distribution Date thereafter, the Senior
Percentage for such Distribution Date.
Notwithstanding the foregoing, no reduction of the Senior
Prepayment Percentage below the level in effect for the
most recent prior period as set forth in clauses (i)
through (iv) above shall be effective on any Distribution
Date unless if, as of the last day of the month preceding
such Distribution Date, (i) the aggregate Principal Balance
of Mortgage Loans delinquent 60 days or more (including for
this purpose any Mortgage Loans in foreclosure and REO
Mortgage Loans) as a percentage of the aggregate Class
Certificate Principal Balance of the Junior Certificates as
of such date, does not exceed 50%, and (ii) cumulative
Realized Losses with respect to the Mortgage Loans do not
exceed (a) 30% of the aggregate Class Certificate Principal
Balance of the Junior Certificates as of the Closing Date
(the "Original Subordinate Principal Balance") if such
Distribution Date occurs between and including April 2003
and March 2004, (b) 35% of the Original Subordinate
Principal Balance if such Distribution Date occurs between
and including April 2004 and March 2005, (c) 40% of the
Original Subordinate Principal Balance if such Distribution
Date occurs between and including April 2005 and March
2006, (d) 45% of the Original Subordinate Principal Balance
if such Distribution Date occurs between and including
April 2006 and March 2007 and (e) 50% of the Original
Subordinate Principal Balance if such Distribution Date
occurs during or after April 2007.
Senior Principal Distribution Amount: As to any
Distribution Date, an amount equal to the sum of:
(i) the Senior Percentage of all payments of
principal received on the Mortgage Loans during
the related Collection Period, other than
payments of principal described in clauses (ii)
through (v);
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(ii) the Senior Prepayment Percentage of all principal
prepayments in part (other than Early
Installments) received with respect to Self-
Amortizing Mortgage Loans during the related
Prepayment Period, together with the Senior
Prepayment Percentage of the Principal Balance of
each Mortgage Loan which was the subject of a
Voluntary Principal Prepayment in full during the
related Prepayment Period;
(iii) the Senior Prepayment Percentage of the sum of (A)
all Net Liquidation Proceeds allocable to
principal received in respect of each such
Liquidated Mortgage Loan (other than Mortgage
Loans described in clause (B)) and (B) the
principal balance of each such Mortgage Loan
purchased by an insurer from the Trustee pursuant
to any related insurance policy, in each case
during the related Prepayment Period;
(iv) the Senior Prepayment Percentage of the Principal
Balance of each Mortgage Loan which was purchased
on such Distribution Date pursuant to Section
2.02, 2.03(a) or 3.16; and
(v) the Senior Prepayment Percentage of the
Substitution Amount for any Mortgage Loan
substituted during the month of such Distribution
Date,
minus the product of the Senior Percentage for such
Distribution Date and the amount, if any, by which
Available Funds for such Distribution Date has been reduced
pursuant to clause second of the last sentence of the
definition of Available Funds.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
Senior Transition Date: The Distribution Date on which
the Class Certificate Balance of each Class of Senior
Certificates (other than the Class A7 Certificates) is
reduced to zero.
Servicer's Certificate: A certificate, completed by
and executed on behalf of the Company by a Servicing Officer
in accordance with Section 4.06, substantially in the form
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of Exhibit D hereto or in such other form as the Company
and the Trustee shall agree.
Servicing Fee: As to any Mortgage Loan and
Distribution Date, an amount equal to the product of (i)
the Principal Balance of such Mortgage Loan for the related
Distribution Date and (ii) the Servicing Fee Rate for such
Mortgage Loan.
Servicing Fee Rate: As to any Mortgage Loan, 0.50% per
annum.
Servicing Officer: Any officer of the Company involved
in, or responsible for, the administration and servicing of
the Mortgage Loans whose name appears on a list of
servicing officers attached to an Officer's Certificate
furnished to the Trustee by the Company, as such list may
from time to time be amended.
Simple Interest Excess Amount: As to any Distribution
Date, an amount (not less than zero) equal to the aggregate
of any Net Simple Interest Excess paid to the Company for
prior Distribution Dates, less the aggregate of any Simple
Interest Shortfall Payments made by the Company for prior
Distribution Dates.
Simple Interest Method: The method of allocating a
payment to principal and interest, pursuant to which the
portion of such payment that is allocated to interest is
equal to the product of the fixed rate of interest
multiplied by the unpaid principal balance multiplied by
the period of time elapsed since the preceding payment of
interest was made and divided by either 360 or 365, as
specified in the related Mortgage Note, and the remainder
of such payment is allocated to principal.
Simple Interest Mortgage Loan: Any Mortgage Loan under
which the portion of a payment allocable to interest and
the portion of such payment allocable to principal is
determined in accordance with the Simple Interest Method.
Simple Interest Shortfall Payment: With respect to any
Distribution Date, an amount equal to any Net Simple
Interest Shortfall for such Distribution Date; provided,
however, that such amount shall not exceed the sum of (i)
the Simple Interest Excess Amount for such Distribution
Date and (ii) the aggregate of the Servicing Fees that the
Company would be entitled to retain on such Distribution
Date with respect to the Mortgage Loans (less any portion
thereof paid as servicing compensation to any Primary
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Servicer) without giving effect to any Simple Interest
Shortfall Payment, but after giving effect to any
Compensating Interest Payment.
Simple Interest Shortfall Percentage: As to each Class
of Certificates and any Distribution Date, the fraction,
expressed as a percentage carried to six decimal places,
the numerator of which is the amount of Accrued Certificate
Interest for such Class for such Distribution Date and the
denominator of which is the aggregate amount of Accrued
Certificate Interest for all Classes of Certificates for
such Distribution Date.
Single Certificate: A Certificate with an Initial
Certificate Principal Balance, or Notional Principal
Balance, of $1,000, or, in the case of a Class of
Certificates issued with an initial Class Certificate
Principal Balance or Notional Principal Balance of less
than $1,000, such lesser amount.
Special Hazard Loss: (i) A Realized Loss suffered by a
Mortgaged Property on account of direct physical loss,
exclusive of (a) any loss covered by a hazard policy or a
flood insurance policy required to be maintained in respect
of such Mortgaged Property under Section 3.06 and (b) any
loss caused by or resulting from:
(1) normal wear and tear;
(2) conversion or other dishonest act on the part of
the Trustee, the Company or any of their agents
or employees; or
(3) errors in design, faulty workmanship or faulty
materials, unless the collapse of the property or
a part thereof ensues;
or (ii) any Realized Loss suffered by the Trust Fund
arising from or related to the presence or suspected
presence of hazardous wastes or hazardous substances on a
Mortgaged Property unless such loss to a Mortgaged Property
is covered by a hazard policy or a flood insurance policy
required to be maintained in respect of such Mortgaged
Property under Section 3.06.
Special Hazard Loss Amount: As of any Distribution
Date, an amount equal to $1,548,579 minus the sum of (i)
the aggregate amount of Special Hazard Losses that would
have been allocated to the Junior Certificates in
accordance with Section 4.03 in the absence of the Loss
Allocation
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Limitation and (ii) the Adjustment Amount (as defined
below) as most recently calculated. On each anniversary of
the Cut-off Date, the "Adjustment Amount" shall be equal to
the amount, if any, by which the amount calculated in
accordance with the preceding sentence (without giving
effect to the deduction of the Adjustment Amount for such
anniversary) exceeds the lesser of (x) the greater of (A)
the product of the Special Hazard Percentage for such
anniversary multiplied by the outstanding principal balance
of all the Mortgage Loans on the Distribution Date
immediately preceding such anniversary and (B) twice the
outstanding principal balance of the Mortgage Loan which
has the largest outstanding principal balance on the
Distribution Date immediately preceding such anniversary,
and (y) an amount calculated by the Company and approved by
each Rating Agency, which amount shall not be less than
$500,000.
Special Hazard Percentage: As of each anniversary of
the Cut-off Date, the greater of (i) 1.00% and (ii) the
largest percentage obtained by dividing (x) the aggregate
outstanding principal balance (as of the immediately
preceding Distribution Date) of the Mortgage Loans secured
by Mortgaged Properties located in a single, five-digit zip
code area in the State of California by (y) the outstanding
principal balance of all the Mortgage Loans as of the
immediately preceding Distribution Date.
Special Hazard Termination Date: The Distribution Date
upon which the Special Hazard Loss Amount has been reduced
to zero or a negative number (or the Cross-Over Date, if
earlier).
Startup Day: As defined in Section 2.06(c).
Strip Rate: With respect to the Class S Certificates
and any Distribution Date, a variable rate per annum equal
to the excess of (x) the Weighted Average Net Mortgage Rate
over (y) the weighted average (by Certificate Principal
Balance) of the Certificate Interest Rates of the
Certificates (other than the Class S Certificates) for such
Distribution Date.
Subordinate Certificates: As to any date of
determination, first, the Class B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; second, the Class B4 Certificates until
the Class Certificate Principal Balance thereof has been
reduced to zero; third, the Class B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; fourth, the Class B2 Certificates until
the Class
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Certificate Principal Balance thereof has been reduced to
zero; fifth, the Class B1 Certificates until the Class
Certificate Principal Balance thereof has been reduced to
zero; and sixth, the Class M Certificates until the Class
Certificate Principal Balance thereof has been reduced to
zero.
Subordinate Certificate Writedown Amount: As to any
Distribution Date, the amount by which (i) the sum of the
Class Certificate Principal Balances of all the
Certificates (after giving effect to the distribution of
principal and the application of Realized Losses in
reduction of the Certificate Principal Balances of the
related Certificates on such Distribution Date) exceeds
(ii) the Pool Principal Balance on the first day of the
month of such Distribution Date.
Substitution Amount: With respect to any Mortgage Loan
substituted pursuant to Section 2.03(b), the excess of (x)
the Principal Balance of the Mortgage Loan that is
substituted for, over (y) the Principal Balance of the
related substitute Mortgage Loan, each balance being
determined as of the date of substitution.
Trigger Event: Any one or more of the following: (i)
if the Company is not a wholly-owned direct or indirect
subsidiary of General Electric Company or its successors in
interest, or if GECC shall not own (directly or indirectly)
at least two-thirds of the voting shares of the capital
stock of the Company, (ii) if the long-term senior
unsecured rating of GECC is downgraded or withdrawn by
Fitch or Moody's below their two highest rating categories
or such rating is withdrawn, (iii) if GECC is no longer
obligated pursuant to the terms of the support agreement,
dated as of October 1, 1990, between GECC and the Company,
to maintain the Company's net worth or liquidity (as such
terms are defined therein) at the levels specified therein,
or if such support agreement, including any amendment
thereto, has been breached, terminated or otherwise held to
be unenforceable and (iv) if such support agreement,
including any amendment thereto, is amended or modified.
Trust Fund: The corpus of the trust created by this
Agreement evidenced by the Certificates and consisting of:
(i) the Mortgage Loans;
(ii) all payments on or collections in respect of
such Mortgage Loans, except as otherwise described in
the first paragraph of Section 2.01;
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(iii) the obligation of the Company to deposit in
the Certificate Account the amounts required by
Sections 3.02(d), 3.02(e) and 4.04(a), and the
obligation of the Trustee to deposit in the
Certificate Account any amount required pursuant to
Section 4.04(b);
(iv) the obligation of the Company to purchase or
replace any Defective Mortgage Loan pursuant to
Section 2.02 or 2.03;
(v) all property acquired by foreclosure or deed
in lieu of foreclosure with respect to any REO
Mortgage Loan;
(vi) the hazard insurance policies required by
Section 3.06 in respect of the Mortgage Loans;
(vii) the Certificate Account established pursuant
to Section 3.02(d);
(viii) the Eligible Account or Accounts, if any,
established pursuant to Section 3.02(e); and
(ix) any collateral funds established to secure
the obligations of the Holder of the Class B4 and
Class B5 Certificates, respectively, under any
agreements entered into between such holder and the
Company pursuant to Section 3.08(e).
Trustee: The institution executing this Agreement as
Trustee, or its successor in interest, or if any successor
trustee is appointed as herein provided, then such
successor trustee so appointed.
Unanticipated Recovery: As defined in Section 4.01(f)
herein.
Uninsured Cause: Any cause of damage to property
subject to a Mortgage such that the complete restoration of
the property is not fully reimbursable by the hazard
insurance policies required to be maintained pursuant to
Section 3.06.
Unpaid Class Interest Shortfall: As to any
Distribution Date and any Class of Certificates (other than
any Class of Principal Only Certificates), the amount, if
any, by which the aggregate of the Class Interest
Shortfalls for such Class for prior Distribution Dates is
in excess of the aggregate amounts distributed on prior
Distribution
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Dates to Holders of such Class of Certificates pursuant to
Section 4.01(a)(ii), in the case of the Senior Certificates
(other than any Class of Principal Only Certificates), and
the Class S Certificates, Section 4.01(a)(iv), in the case
of the Class M Certificates, Section 4.01(a)(vi), in the
case of the Class B1 Certificates, Section 4.01(a)(viii),
in the case of the Class B2 Certificates, Section
4.01(a)(x), in the case of the Class B3 Certificates,
Section 4.01(a)(xii), in the case of the Class B4
Certificates, and Section 4.01(a)(xiv), in the case of the
Class B5 Certificates.
Unpaid Net Simple Interest Shortfall: As to any
Distribution Date, the excess, if any, of the Net Simple
Interest Shortfall for such Distribution Date over the
Simple Interest Shortfall Payment for such Distribution
Date.
Upper Tier REMIC: One of the two separate REMICs
comprising the Trust Fund, the assets of which consist of
the Lower Tier Interests.
Voluntary Principal Prepayment: With respect to any
Distribution Date, any prepayment in full of principal
received from the related Mortgagor on any Mortgage Loan,
and any Principal Prepayment in part received from the
related Mortgagor on a Self-Amortizing Mortgage Loan.
Voting Rights: The portion of the voting rights of all
the Certificates that is allocated to any Certificate for
purposes of the voting provisions of Section 10.01. At all
times during the term of this Agreement, 6% of all Voting
Rights shall be allocated to the Certificates other than
the Class S Certificates and 94% of all Voting Rights shall
be allocated to the Class S Certificates. Voting Rights
allocated to the Class S Certificates shall be allocated
among the Certificates of such Class in proportion to their
Notional Principal Balances. Voting Rights allocated to the
other Classes of Certificates shall be allocated among such
Classes (and among the Certificates within each such Class)
in proportion to their Class Certificate Principal Balances
(or Certificate Principal Balances), as the case may be.
Weighted Average Net Mortgage Rate: As to any
Distribution Date, a variable rate per annum equal to the
weighted average (by Principal Balance) carried to six
decimal places, rounded down, of the Net Mortgage Rates of
the Outstanding Mortgage Loans as of the first day of the
related Collection Period (or the Cut-off Date, in the case
of the first Distribution Date); provided, however, that
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such calculation shall not include any Mortgage Loan that
was the subject of a Voluntary Principal Prepayment in full
received by the Company (or of which the Company received
notice, in the case of a Mortgage Loan serviced by a
Primary Servicer) on or after the first day but on or
before the 15th day of the month that constitutes such
Collection Period.
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01. Conveyance of Mortgage Loans. (a) The
Company, concurrently with the execution and delivery of this
Agreement, does hereby transfer, assign, set-over and otherwise
convey to the Trustee without recourse (except as provided
herein) all the right, title and interest of the Company in and
to the Mortgage Loans, including all interest and principal
received by the Company on or with respect to the Mortgage Loans
on and after the Cut-off Date.
(b) In connection with such transfer and assignment,
the Company does hereby deliver to the Trustee the following
documents or instruments with respect to:
1. Each Mortgage Loan (other than any Designated
Loan) so transferred and assigned:
(i) The Mortgage Note, endorsed without
recourse in blank by the Company, including all
intervening endorsements showing a complete chain
of endorsement from the originator to the
Company; provided, however, that if such Mortgage
Note is a Confirmatory Mortgage Note, such
Confirmatory Mortgage Note may be payable
directly to the Company or may show a complete
chain of endorsement from the named payee to the
Company;
(ii) Any assumption and modification
agreement; and
(iii) An assignment in recordable form
(which may be included in a blanket assignment or
assignments) of the Mortgage to the Trustee.
In instances where a completed assignment of the
Mortgage in recordable form cannot be delivered by the Company to
the Trustee in accordance with Section 2.01(b)(1)(iii) prior to
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or concurrently with the execution and delivery of this
Agreement, due to a delay in connection with recording of the
Mortgage, the Company may, in lieu of delivering the completed
assignment in recordable form, deliver to the Trustee the
assignment in such form, otherwise complete except for recording
information.
2. With respect to each Designated Loan, the
Company does hereby deliver to the Trustee the Designated Loan
Closing Documents.
(c) In connection with each Mortgage Loan transferred
and assigned to the Trustee, the Company shall deliver to the
Trustee the following documents or instruments as promptly as
practicable, but in any event within 30 days, after receipt by
the Company of all such documents and instruments for all of the
outstanding Mortgage Loans:
(i) the Mortgage with evidence of recording indicated
thereon;
(ii) other than as to any Mortgage Loan identified on
Exhibit M hereto, a copy of the title insurance policy; and
(iii) with respect to any Mortgage that has been
assigned to the Company, the related recorded intervening
assignment or assignments of Mortgage, showing a complete
chain of assignment from the originator to the Company.
Pending such delivery, the Company shall retain in its files (a)
copies of the documents described in clauses (i) and (iii) of the
preceding sentence, without evidence of recording thereon, and
(b) other than as to any Mortgage Loan identified on Exhibit M
hereto, title insurance binders with respect to the Mortgage
Loans. (The copies of the Mortgage, intervening assignments of
Mortgage, if any, and title insurance binder, if any, described
in the preceding sentence are collectively referred to herein as
the "Document File" with respect to each Mortgage Loan.) The
Company shall advise the Trustee in writing if such delivery to
the Trustee shall not have occurred on or before the first
anniversary of the Closing Date. The Company shall promptly
furnish to the Trustee the documents included in the Document
Files (other than any such documents previously delivered to the
Trustee as originals or copies) either (a) upon the written
request of the Trustee or (b) when the Company or the Trustee
obtains actual notice or knowledge of a Trigger Event. In
addition, when the Company or the Trustee obtains actual notice
or knowledge of a Trigger Event it shall deliver to the Trustee
copies of all title insurance policies for all of the outstanding
Mortgage Loans. The Trustee shall have no obligation to request
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delivery of the Document Files unless a Responsible Officer of
the Trustee has actual notice or knowledge of the occurrence of a
Trigger Event.
In the case of Mortgage Loans which have been prepaid
in full after the Cut-off Date and prior to the date of execution
and delivery of this Agreement, the Company, in lieu of
delivering the above documents to the Trustee, herewith delivers
to the Trustee a certification of a Servicing Officer of the
nature set forth in Section 3.09.
(d) The Company shall not be required to record the
assignments of the Mortgages referred to in Section
2.01(b)(1)(iii) unless the Company or the Trustee obtains actual
notice or knowledge of the occurrence of any Trigger Event;
provided, however, that such recording shall not be required if
the Company delivers to the Trustee a letter from each Rating
Agency to the effect that the failure to take such action will
not cause such Rating Agency to reduce or withdraw its then
current ratings of the Certificates. The party obtaining actual
notice or knowledge of any of such events shall give the other
party prompt written notice thereof. For purposes of the
foregoing (as well as for purposes of determining whether the
Company shall be required to deliver the Document Files to the
Trustee following the occurrence of a Trigger Event), the Company
shall be deemed to have knowledge of any such downgrading
referred to in the definition of Trigger Event if, in the
exercise of reasonable diligence, the Company has or should have
had knowledge thereof. As promptly as practicable subsequent to
the Company's delivery or receipt of such written notice, as the
case may be, the Company shall insert the recording information
in the assignments of the Mortgages to the Trustee and shall
cause the same to be recorded, at the Company's expense, in the
appropriate public office for real property records, except that
the Company need not cause to be so completed and recorded any
assignment which relates to a Mortgage Loan secured by property
in a jurisdiction under the laws of which, on the basis of an
Opinion of Counsel reasonably satisfactory to the Trustee and
satisfactory to each Rating Agency (as evidenced in writing),
recordation of such assignment is not necessary to protect the
Trustee against discharge of such Mortgage Loan by the Company or
any valid assertion that any Person other than the Trustee has
title to or any rights in such Mortgage Loan. In the event that
the Company fails or refuses to record the assignment of
Mortgages in the circumstances provided above, the Trustee shall
record or cause to be recorded such assignment at the expense of
the Company. In connection with the recording of any such
assignment, the Company shall furnish such documents as may be
reasonably necessary to accomplish such recording.
Notwithstanding the foregoing, at any time the Company may
record, or
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cause to be recorded, the assignments of Mortgages at the expense
of the Company.
Section 2.02. Acceptance by Trustee. Subject to the
examination hereinafter provided, the Trustee acknowledges
receipt of the Mortgage Notes, the assignments of the Mortgages
to the Trustee, the assumption and modification agreements, if
any, and the Designated Loan Closing Documents, if any, delivered
pursuant to Section 2.01, and declares that the Trustee holds and
will hold such documents and each other document delivered to it
pursuant to Section 2.01 in trust, upon the trusts herein set
forth, for the use and benefit of all present and future
Certificateholders. The Trustee agrees, for the benefit of
Certificateholders, to review each Mortgage File within 45 days
after (i) the execution and delivery of this Agreement, in the
case of the Mortgage Notes, the assignments of the Mortgages to
the Trustee, the assumption and modification agreements, if any,
and the Designated Loan Closing Documents, if any, (ii) delivery
to the Trustee after the Closing Date of the Mortgage Notes and
the assumption and modification agreements, if any, with respect
to each Designated Loan, and (iii) delivery of the recorded
Mortgages, title insurance policies and recorded intervening
assignments of Mortgage, if any, to ascertain that all required
documents set forth in Section 2.01 have been executed, received
and recorded, if applicable, and that such documents relate to
the Mortgage Loans identified in Exhibit C hereto. In performing
such examination, the Trustee may conclusively assume the due
execution and genuineness of any such document and the
genuineness of any signature thereon. It is understood that the
scope of the Trustee's examination of the Mortgage Files is
limited solely to confirming, after receipt of the documents
listed in Section 2.01, that such documents have been executed,
received and recorded, if applicable, and relate to the Mortgage
Loans identified in Exhibit C to this Agreement. If in the course
of such review the Trustee finds (1) that any document required
to be delivered as aforesaid has not been delivered, or (2) any
such document has been mutilated, defaced or physically altered
without the borrower's authorization or approval, or (3) based
upon its examination of such documents, the information with
respect to any Mortgage Loan set forth on Exhibit C is not
accurate, the Trustee shall promptly so notify the Company in
writing, which shall have a period of 60 days after receipt of
such notice to correct or cure any such defect. The Company
hereby covenants and agrees that, if any such material defect
cannot be corrected or cured, the Company will on a Distribution
Date which is not later than the first Distribution Date which is
more than ten days after the end of such 60-day period repurchase
the related Mortgage Loan from the Trustee at the Purchase Price
therefor or replace such Mortgage Loan pursuant to Section
2.03(b); provided, however, that if the defect (or breach
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pursuant to Section 2.03(a)) is one that, had it been discovered
before the Startup Day, would have prevented the Mortgage Loan
from being a "qualified mortgage" within the meaning of the REMIC
Provisions, such defect or breach shall be cured, or the related
Mortgage Loan shall be repurchased or replaced, on a Distribution
Date which falls within 90 days of the date of discovery of such
defect or breach. The Purchase Price for the repurchased Mortgage
Loan, or any amount required in respect of a substitution
pursuant to Section 2.03(b), shall be deposited by the Company in
the Certificate Account pursuant to Section 3.02(d) on the
Business Day prior to the applicable Distribution Date and, upon
receipt by the Trustee of written notification of such deposit
signed by a Servicing Officer, the Trustee shall release or cause
to be released to the Company the related Mortgage File and shall
execute and deliver or cause to be executed and delivered such
instruments of transfer or assignment, in each case without
recourse, as shall be necessary to vest in the Company any
Mortgage Loan released pursuant hereto. It is understood and
agreed that the obligation of the Company to repurchase or
replace 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 or the
Trustee on behalf of Certificateholders.
Upon receipt by the Trustee of the Mortgage Note with
respect to a Designated Loan that is not defective in accordance
with the fifth sentence of the preceding paragraph, the related
Lost Note Affidavit delivered pursuant to Section 2.01 shall be
void and the Trustee shall return it to the Company.
Section 2.03. Representations and Warranties of the
Company; Mortgage Loan Repurchase. (a) The Company hereby
represents and warrants to the Trustee that:
(i) The information set forth in Exhibit C hereto was
true and correct in all material respects at the date or
dates respecting which such information is furnished;
(ii) As of the date of the initial issuance of the
Certificates, each Mortgage is a valid and enforceable lien
on the property securing the related Mortgage Note subject
only to (a) the lien of any related first mortgage, if any,
(b) the lien of current real property taxes and
assessments, (c) covenants, conditions and restrictions,
rights of way, easements and other matters of public record
as of the date of recording of such Mortgage, such
exceptions appearing of record being acceptable to mortgage
lending institutions generally in the area wherein the
property subject to the Mortgage is located or specifically
reflected in the ap-
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praisal obtained in connection with the origination of the
related Mortgage Loan obtained by the Company, and (d)
other matters to which like properties are commonly subject
which do not materially interfere with the benefits of the
security intended to be provided by such Mortgage; any
first mortgage loan prior to the related Mortgage Loan
encumbering the related Mortgaged Property does not have a
mandatory future advance provision;
(iii) Each Mortgaged Property consists of one- to
four-family residential real property, which does not
include cooperatives, mobile homes, or manufactured homes
that do not constitute real property in the jurisdiction in
which such Mortgaged Property is located;
(iv) Immediately prior to the transfer and assignment
herein contemplated, the Company had good title to, and was
the sole owner of, each Mortgage Loan and all action had
been taken to obtain good record title to each related
Mortgage. Each Mortgage Loan has been transferred free and
clear of any liens, claims and encumbrances;
(v) As of the Cut-off Date, no payment of principal of
or interest on or in respect of any Mortgage Loan is more
than 30 days past due, and no more than 1.1307% of the
Mortgage Loans (by Principal Balance) have been past due 30
or more days more than once during the preceding 12 months;
(vi) A title search was conducted at the origination of
each Mortgage Loan and such search did not show any lien on
the related Mortgaged Property senior to the related
Mortgage other than any related first mortgage and other
liens and encumbrances typically acceptable to mortgage
lenders generally;
(vii) As of the date of the initial issuance of the
Certificates, there is no mechanics' lien or claim for
work, labor or material affecting the premises subject to
any Mortgage which is or may be a lien prior to, or equal
or coordinate with, the lien of such Mortgage except those
which are insured against by the applicable title insurance
policy;
(viii) As of the date of the initial issuance of the
Certificates, there is no delinquent tax or assessment lien
against the property subject to any Mortgage;
(ix) The Company has not received a notice of default
or acceleration of any first mortgage loan or any Mortgage
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Loan secured by the Mortgaged Property which has not been
cured by a party other than the Company;
(x) As of the date of the initial issuance of the
Certificates, there is no valid offset, defense or
counterclaim to any Mortgage Note or Mortgage, including
the obligation of the Mortgagor to pay the unpaid principal
and interest on such Mortgage Note;
(xi) As of the date of the initial issuance of the
Certificates, the physical property subject to any Mortgage
is free of material damage and is in good repair;
(xii) Each Mortgage Loan at the time it was made
complied in all material respects with applicable state and
federal laws, including, without limitation, usury, equal
credit opportunity and disclosure laws;
(xiii) A lender's title insurance policy or binder, or
other assurance of title insurance customary in the
relevant jurisdiction therefor, was issued on the date of
the origination of each Mortgage Loan other than any
Mortgage Loan identified on Exhibit M hereto, and each such
policy or binder is valid and remains in full force and
effect;
(xiv) The Mortgage Rate of each Mortgage Note of a
Mortgage Loan was not less than 7.25% per annum;
(xv) As of the Cut-off Date, not less than 97.25% of
the Mortgage Loans, by aggregate Principal Balance, are
Self-Amortizing Mortgage Loans and not more than 2.75% of
the Mortgage Loans, by aggregate Principal Balance are
Simple Interest Mortgage Loans; and, in each case, the
Mortgage Rate with respect to each Mortgage Loan is fixed
at the time of origination of the related Mortgage;
(xvi) As of the Cut-off Date, not less than 74.65% of
the Mortgage Loans, by aggregate Principal Balance, are
level payment, fully amortizing Mortgage Loans and not more
than 25.35% of the Mortgage Loans, by aggregate Principal
Balance are Balloon Mortgage Loans; and, in each case, the
Mortgage Rate with respect to each Mortgage Loan is fixed
at the time of origination thereof;
(xvii) If the Mortgaged Property was located in a
federally designated special flood hazard area at the time
of origination of the Mortgage Loan, it was covered by
flood insurance at such time in an amount required by FEMA
guidelines;
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(xviii) The Mortgage Loans were originated in accordance
with the underwriting procedures of the Company as
described under the caption "The Home Equity Loan Program"
in the prospectus supplement, dated March 23, 1998,
relating to the registration statement on Form S-3 under
the Securities Act of 1933, as amended, Registration No.
333-43755, filed by the Company with the Securities and
Exchange Commission in connection with the offer and sale
of the Certificates (other than the Class S Certificates);
(xix) As of the date of the initial issuance of the
Certificates, no Mortgage Note is secured by any
collateral, pledged account or other security except the
lien of the corresponding Mortgage;
(xx) As of the Cut-off Date, no more than 0.25% of the
Second Mortgage Loans had a Second Lien Combined Loan-to-
Value Ratio at origination in excess of 90.00%;
(xxi) The Servicing Fee Rate for each Mortgage Loan is
0.50% per annum;
(xxii) As of the date of the initial issuance of the
Certificates, each Mortgage Note, the related Mortgage and
each other agreement executed in connection therewith is a
legal, valid and binding obligation of the parties thereto,
enforceable in accordance with its terms, except as such
enforcement may be limited by bankruptcy, insolvency,
reorganization or other similar laws effecting the
enforcement of creditors' rights generally and by general
equity principals (regardless of whether such enforcement
is considered in equity or at law);
(xxiii) As of the date of the initial issuance of the
Certificates, each Mortgage contains customary and
enforceable provisions which render the rights and remedies
of the holder thereof adequate for the realization against
the related Mortgaged Property of the benefits of the
security including (A) in the case of a Mortgage designated
as a deed of trust, by trustee's sale and (B) otherwise by
judicial foreclosure. To the best of the Company's
knowledge, there is no homestead or other exemption
available to the related Mortgagor that would materially
interfere with the right to sell the related Mortgaged
Property at a trustee's sale or the right to foreclose the
related mortgage.
(xxiv) As of the date of the initial issuance of the
Certificates, the improvements on the Mortgaged Properties
are insured against loss under a hazard insurance policy
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with extended coverage representing coverage not less than
the least of (A) the outstanding principal balance of the
related Mortgage Loan (together, in the case of a second
mortgage loan, with the outstanding principal balance of
the related senior lien), (B) the minimum amount required
to compensate for damage or loss on a replacement cost
basis or (C) the full insurable value of the Mortgaged
Property. As of the date of initial issuance of the
Certificates, all such insurance policies are in full force
and effect;
(xxv) As of the Cut-off Date, no Mortgage Loan had a
Principal Balance of more than $420,000;
(xxvi) As of the Cut-off Date, no more than 0.75% of the
Mortgage Loans, by Principal Balance, are secured by
Mortgaged Properties located in any one postal zip code
area;
(xxvii) As of the Cut-off Date, none of the Mortgage Loans
constituted Buydown Mortgage Loans;
(xxviii) No selection procedures, other than those
necessary to comply with the representations and warranties
set forth herein or the description of the Mortgage Loans
made in any disclosure document delivered to prospective
investors in the Certificates, have been utilized in
selecting the Mortgage Loans from the Company's portfolio
which would be adverse to the interests of the
Certificateholders;
(xxix) To the best of the Company's knowledge, at
origination no improvement located on or being part of a
Mortgaged Property was in violation of any applicable
zoning and subdivision laws and ordinances;
(xxx) As of the Closing Date, each Mortgage Loan is a
"qualified mortgage" as defined in Section 860G(a)(3) of
the Code; and
(xxxi) As of the Closing Date, the Company possesses the
Document File with respect to each Mortgage Loan, and the
related Mortgages and intervening assignment or assignments
of Mortgages, if any, have been delivered to a title
insurance company for recording.
It is understood and agreed that the representations
and warranties set forth in this Section 2.03(a) shall survive
delivery of the respective Mortgage Files to the Trustee. Upon
discovery by either the Company or the Trustee of a breach of any
of the foregoing representations and warranties which materially
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and adversely affects the interests of the Certificateholders in
the related Mortgage Loan, the party discovering such breach
shall give prompt written notice to the other. Subject to the
following sentence, within 60 days of its discovery or its
receipt of notice of breach, or, with the prior written consent
of a Responsible Officer of the Trustee, such longer period
specified in such consent, the Company shall cure such breach in
all material respects or shall repurchase such Mortgage Loan from
the Trustee or replace such Mortgage Loan pursuant to Section
2.03(b). Any such repurchase by the Company shall be accomplished
in the manner set forth in Section 2.02, subject to the proviso
of the third-to-last sentence thereof, and at the Purchase Price.
It is understood and agreed that the obligation of the Company to
repurchase or replace any Mortgage Loan as to which a breach
occurred and is continuing shall constitute the sole remedy
respecting such breach available to Certificateholders or the
Trustee on behalf of Certificateholders and such obligation of
the Company to repurchase or replace any such Mortgage Loan shall
not be assumed by any Person which may succeed the Company as
servicer hereunder, but shall continue as an obligation of the
Company. Notwithstanding the preceding sentence, if a breach of
the representation and warranty of the Company contained in
Section 2.03(a)(xii) occurs as a result of a violation of the
federal Truth in Lending Act, 15 U.S.C. ss. 1601 et seq., as
amended ("TILA") or any state truth-in-lending or similar
statute, and the Trustee or Trust Fund is named as a defendant in
a TILA suit or a suit under any such statutes in respect of such
violation and liability in respect thereof is imposed upon the
Trustee or the Trust Fund as assignees of the related Mortgage
Loan pursuant to Section 1641 of TILA, or any analogous provision
of any such other statute, the Company shall indemnify the
Trustee and the Trust Fund from, and hold them harmless against,
any and all losses, liabilities, damages, claims or expenses
(including reasonable attorneys' fees) to which the Trustee and
the Trust Fund, or either of them, become subject pursuant to
TILA or any such statute, insofar as such losses, damages, claims
or expenses (including reasonable attorneys' fees) result from
such violation. The Company's obligations under the preceding
sentence shall not impair or derogate from the Company's
obligations to the Trustee under Section 8.05.
(b) If the Company is required to repurchase any
Mortgage Loan pursuant to Section 2.02 or 2.03(a), the Company
may, at its option, within the applicable time period specified
in such respective Sections, remove such Defective Mortgage Loan
from the terms of this Agreement and substitute one or more other
mortgage loans for such Defective Mortgage Loan, in lieu of
repurchasing such Defective Mortgage Loan, provided that no such
substitution shall occur more than two years after the Closing
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Date. Any substitute Mortgage Loan shall (a) have a Principal
Balance (together with that of any other Mortgage Loan
substituted for the same Defective Mortgage Loan) as of the first
Distribution Date following the month of substitution not in
excess of the Principal Balance of the Defective Mortgage Loan as
of such date (the amount of any difference, plus one month's
interest thereon at the respective Net Mortgage Rate, to be
deposited by the Company in the Certificate Account pursuant to
Section 2.02), (b) have a Mortgage Rate not less than, and not
more than one percentage point greater than, the Mortgage Rate of
the Defective Mortgage Loan, (c) have the same Net Mortgage Rate
as the Defective Mortgage Loan, (d) have a remaining term to
stated maturity not later than, and not more than one year less
than, the remaining term to stated maturity of the Defective
Mortgage Loan, (e) be, in the reasonable determination of the
Company, of the same type, quality and character as the Defective
Mortgage Loan as if the defect or breach had not occurred, (f)
have a ratio of its current principal amount to its Original
Value not greater than that of the removed Mortgage Loan and (g)
be, in the reasonable determination of the Company, in compliance
with the representations and warranties contained in Section
2.03(a) as of the date of substitution.
The Company shall amend the Mortgage Loan Schedule to
reflect the withdrawal of any Defective Mortgage Loan and the
substitution of a substitute Mortgage Loan therefor. Upon such
amendment the Company shall be deemed to have made as to such
substitute Mortgage Loan the representations and warranties set
forth in Section 2.03(a) as of the date of such substitution,
which shall be continuing as long as any Certificate shall be
outstanding or this Agreement has not been terminated, and the
remedies for breach of any such representation or warranty shall
be as set forth in Section 2.03(a). Upon such amendment, the
Trustee shall review the Mortgage File delivered to it relating
to the substitute Mortgage Loan, within the time and in the
manner and with the remedies specified in Section 2.02, except
that for purposes of this Section 2.03(b) (other than the
two-year period specified in the first sentence of the preceding
paragraph of this Section 2.03(b)), such time shall be measured
from the date of the applicable substitution.
Section 2.04. Execution of Certificates. The Trustee
has caused to be executed, countersigned and delivered to or upon
the order of the Company, in exchange for the Mortgage Loans, the
Certificates in authorized denominations evidencing the entire
ownership of the Trust Fund.
Section 2.05. The REMICs. (a) For federal income tax
purposes, the Trust Fund shall consist of two REMICs, the Lower
Tier REMIC and the Upper Tier REMIC. The Certificates, other
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than the Class R1 Certificate, shall be issued by the Upper Tier
REMIC, and the Class R1 Certificate shall be issued by the Lower
Tier REMIC. The Lower Tier REMIC shall be evidenced by the Class
R1 Certificate and the regular interests having the
characteristics and terms set forth in the following table, which
interests (other than the Class R1 Certificate) shall be issued
by the Lower Tier REMIC to the Trustee. The Lower Tier Interests
and the proceeds thereof shall be assets of the Upper Tier REMIC.
Principal of and interest on the Lower Tier Interests shall be
allocated to the Corresponding Classes of Certificates in the
manner set forth in the following table.
Corresponding Class of
Certificates(1)
----------------------
Lower Tier Allocation Allocation
Lower Tier Initial Lower Interest of of
Interest Tier Balance Rate Principal Interest
--------- ------------- ----------- ---------- ---------
A1 $44,600,000.00 (2) A1 (3)
A2 19,700,000.00 (2) A2 (3)
A3 22,200,000.00 (2) A3 (3)
A4 10,600,000.00 (2) A4 (3)
A5 12,900,000.00 (2) A5 (3)
A6 17,870,000.00 (2) A6 (3)
A7 14,207,000.00 (2) A7 (3)
M 3,872,000.00 (2) M (3)
B1 3,485,000.00 (2) B1 (3)
B2 1,549,000.00 (2) B2 (3)
B3 1,549,000.00 (2) B3 (3)
B4 1,162,000.00 (2) B4 (3)
B5 1,162,894.46 (2) B5 (3)
R2 500.00 (4) R2 (4)
- --------------------------
(1) Unless otherwise indicated, the amount of interest and
principal allocable from a Lower Tier Interest to its
Corresponding Class or Classes of Certificates on any
Distribution Date shall be 100%.
(2) Each of Lower Tier Interests A1, A2, A3, A4, A5, A6, A7, M,
B1, B2, B3, B4 and B5 shall bear interest at a rate equal
to the Weighted Average Net Mortgage Rate.
(3) For each Interest Accrual Period, the interest accrued on
each of Lower Tier Interests A1, A2, A3, A4, A5, A6, A7, M,
B1, B2, B3, B4 and B5 will be allocated as follows: (i) an
amount equal to the Accrued Certificate Interest for such
Interest Accrual Period for the Class of Certificates
having an identical alphabetical and numerical designation
shall be allocable to such Class, and (ii) an amount equal
to the excess of the interest accrued on such Lower Tier
Interest over the amount allocated in clause (i) above
shall be allocated to the Class S Certificates.
(4) Lower Tier Interest R2 shall bear interest at a rate equal
to the product of (x) 2 and (y) the Weighted Average Net
Mortgage Rate.
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(b) The Lower Tier Interests shall be issued as non-
certificated interests. The Class R1 Certificate shall be issued
in fully registered certificated form and shall be executed and
countersigned as provided in Section 5.01 hereof.
(c) For purposes of further identifying the terms of
the Lower Tier Interests, distributions of principal and interest
on each Class of Lower Tier Interests shall be considered to
correspond, in timing and aggregate amount, to the distributions
of principal and interest, respectively, made under Section 4.01
on the Corresponding Classes of Certificates, and allocations of
losses on each Class of Lower Tier Interests shall be considered
to correspond, in timing and aggregate amount, to the allocations
of losses made under Section 4.03 on the Corresponding Classes of
Certificates.
(d) On each Distribution Date, in addition to amounts
otherwise distributable thereon pursuant to Section 4.01, the
Trustee shall distribute to the holder of the Class R1
Certificate any amounts (other than the amounts described in
clauses (x) and (y) of the definition of Available Funds)
remaining in the Lower Tier REMIC after all amounts required to
be applied pursuant to Section 2.05(c) have been so applied. Any
distributions pursuant to this clause (d) shall not reduce the
Certificate Principal Balance of the Class R1 Certificate.
Section 2.06. Designations under the REMIC Provisions.
(a) The Company hereby designates the Lower Tier Interests
identified in Section 2.05(a) above as "regular interests," and
the Class R1 Certificate as the single class of "residual
interests," in the Lower Tier REMIC for purposes of the REMIC
Provisions.
(b) The Company hereby designates the Classes of
Certificates identified in Section 5.01(b), other than the
Residual Certificates, as "regular interests," and the Class R2
Certificate as the single class of "residual interests," in the
Upper Tier REMIC for purposes of the REMIC Provisions.
(c) The Closing Date will be the "Startup Day" for
each of the Upper Tier REMIC and Lower Tier REMIC for purposes of
the REMIC Provisions.
(d) The "tax matters person" with respect to the Upper
Tier REMIC for purposes of the REMIC Provisions shall be (i) the
Company, if the Company is the owner of a Class R2 Certificate,
or (ii) in any other case, the beneficial owner of the Class R2
Certificate having the largest Percentage Interest of such Class;
provided, however, that such largest beneficial owner and, to the
extent relevant, each other holder of a Class R2 Certificate, by
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its acceptance thereof irrevocably appoints the Company as its
agent and attorney-in-fact to act as "tax matters person" with
respect to the Upper Tier REMIC for purposes of the REMIC
Provisions.
The "tax matters person" with respect to the Lower Tier
REMIC for purposes of the REMIC Provisions shall be (i) the
Company, if the Company is the owner of a Class R1 Certificate,
or (ii) in any other case, the beneficial owner of the Class R1
Certificate having the largest Percentage Interest of such Class;
provided, however, that such largest beneficial owner and, to the
extent relevant, each other holder of a Class R1 Certificate, by
its acceptance thereof irrevocably appoints the Company as its
agent and attorney-in-fact to act as "tax matters person" with
respect to the Lower Tier REMIC for purposes of the REMIC
Provisions.
(e) The "latest possible maturity date" of the regular
interests in the Upper Tier REMIC and Lower Tier REMIC is the
Latest Maturity Date for purposes of section 860G(a)(1) of the
Code.
(f) In no event shall the assets described in clause
(viii) of the definition of the term Trust Fund constitute a part
of the Upper Tier REMIC or the Lower Tier REMIC and shall
constitute an outside reserve fund owner by the Certificateholder
depositing assets. For Federal income tax purposes, the Company,
on behalf of the Trustee, shall account for such assets as
required to comply with Treasury Regulations 1.860G-2(h) and (i)
for such assets to be represented as separate from the REMICs
created pursuant to this Agreement.
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
Section 3.01. Company to Act as Servicer. (a) It is
intended that each of the Upper Tier REMIC and the Lower Tier
REMIC established hereunder shall constitute, and that the
affairs of the REMICs shall be conducted so as to qualify each of
the Upper Tier REMIC and the Lower Tier REMIC (other than any
collateral fund established under the agreement referred to in
Section 3.08(e)) as, a "real estate mortgage investment conduit"
as defined in and in accordance with the REMIC Provisions. In
furtherance of such intention, the Company covenants and agrees
that it shall act as agent (and the Company is hereby appointed
to act as agent) on behalf of each of the Upper Tier REMIC and
the Lower Tier REMIC established hereunder and the respective
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Holders of the Residual Certificates and that in such capacity it
shall:
(i) prepare and file, or cause to be prepared and
filed, in a timely manner, a U.S. Real Estate Mortgage
Investment Conduit Income Tax Return (Form 1066) and
prepare and file or cause to be prepared and filed with the
Internal Revenue Service and applicable state or local tax
authorities income tax or information returns for each
taxable year with respect to each of the Upper Tier REMIC
and the Lower Tier REMIC established hereunder, using the
calendar year as the taxable year and the accrual method of
accounting, containing such information and at the times
and in the manner as may be required by the Code or state
or local tax laws, regulations, or rules, and shall furnish
or cause to be furnished to Certificateholders the
schedules, statements or information at such times and in
such manner as may be required thereby;
(ii) within thirty days of the Closing Date, shall
furnish or cause to be furnished to the Internal Revenue
Service, on Form 8811 or as otherwise may be required by
the Code, the name, title, address, and telephone number of
the person that the holders of the Certificates may contact
for tax information relating thereto (and the Company shall
act as the representative of each of the Upper Tier REMIC
and the Lower Tier REMIC established hereunder for this
purpose), together with such additional information as may
be required by such Form, and shall update such information
at the time or times and in the manner required by the
Code;
(iii) make or cause to be made an election, on behalf of
each of the Upper Tier REMIC and the Lower Tier REMIC
established hereunder, to be treated as a REMIC, and make
the appropriate designations, if applicable, in accordance
with Section 2.06 hereof on the federal tax return of the
Trust Fund for its first taxable year (and, if necessary,
under applicable state law);
(iv) prepare and forward, or cause to be prepared and
forwarded, to the Certificateholders and to the Internal
Revenue Service and, if necessary, state tax authorities,
all information returns or reports, or furnish or cause to
be furnished by telephone, mail, publication or other
appropriate method such information, as and when required
to be provided to them in accordance with the REMIC
Provisions and the Code, including without limitation, the
calculation of any original issue discount using the
Prepayment Assumption;
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(v) provide information necessary for the computation
of tax imposed on the transfer of a Residual Certificate to
a Disqualified Organization, or an agent (including a
broker, nominee or other middleman) of a Disqualified
Organization, or a pass-through entity in which a
Disqualified Organization is the record holder of an
interest (the reasonable cost of computing and furnishing
such information may be charged to the Person liable for
such tax);
(vi) use its best reasonable efforts to conduct the
affairs of each of the Upper Tier REMIC and the Lower Tier
REMIC established hereunder at all times that any
Certificates are outstanding so as to maintain the status
thereof as a REMIC under the REMIC Provisions;
(vii) not knowingly or intentionally take any action or
omit to take any action that would cause the termination of
the REMIC status of either of the Upper Tier REMIC or the
Lower Tier REMIC or that would subject the Trust Fund to
tax;
(viii) exercise reasonable care not to allow the creation
of any "interests" (A) in the Upper Tier REMIC within the
meaning of section 860D(a)(2) of the Code in addition to
the interests represented by the Classes of Certificates
identified in Section 5.01(b) other than the Class R1
Certificate, and (B) in the Lower Tier REMIC within the
meaning of Section 860D(a)(2) of the Code in addition to
the interests represented by the Lower Tier Interests
identified in Section 2.05(a) and the Class R1 Certificate;
(ix) exercise reasonable care not to allow the
occurrence of any "prohibited transactions" within the
meaning of section 860F of the Code, unless the Company
shall have provided an Opinion of Counsel to the Trustee
that such occurrence would not (a) result in a taxable
gain, (b) otherwise subject the Trust Fund to tax, or (c)
cause either of the Upper Tier REMIC or the Lower Tier
REMIC established hereunder to fail to qualify as a REMIC;
(x) exercise reasonable care not to allow the Trust
Fund to receive income from the performance of services or
from assets not permitted under the REMIC Provisions to be
held by a REMIC;
(xi) pay the amount of any federal or state tax,
including prohibited transaction taxes, taxes on certain
contributions to the REMIC after the Startup Day, and taxes
on net income from foreclosure property, imposed on the
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Trust Fund when and as the same shall be due and payable
(but such obligation shall not prevent the Company or any
other appropriate Person from contesting any such tax in
appropriate proceedings and shall not prevent the Company
from withholding payment of such tax, if permitted by law,
pending the outcome of such proceedings);
(xii) ensure that federal, state or local income tax or
information returns shall be signed by the Trustee or such
other person as may be required to sign such returns by the
Code or state or local laws, regulations or rules; and
(xiii) maintain such records relating to each of the
Upper Tier REMIC and the Lower Tier REMIC established
hereunder, including but not limited to the income,
expenses, individual Mortgage Loans (including Mortgaged
Property), other assets and liabilities thereof, and the
fair market value and adjusted basis of the property of
each determined at such intervals as may be required by the
Code, as may be necessary to prepare the foregoing returns,
schedules, statements or information.
The Company shall be entitled to be reimbursed
pursuant to Section 3.04 for any federal income taxes paid by it
pursuant to clause (xi) of the preceding sentence, except to the
extent that such taxes are imposed as a result of the bad faith,
misfeasance or negligence of the Company in the performance of
its obligations hereunder. With respect to any reimbursement of
prohibited transaction taxes, the Company shall inform the
Trustee of the circumstances under which such taxes were
incurred.
(b) The Company shall service and administer the
Mortgage Loans and shall have full power and authority, acting
alone or through one or more Primary Servicers, to do any and all
things in connection with such servicing and administration which
it may deem necessary or desirable. Without limiting the
generality of the foregoing, the Company shall continue, and is
hereby authorized and empowered by the Trustee, to execute and
deliver, or file, as appropriate, on behalf of itself, the
Certificateholders and the Trustee or any of them, any and all
continuation statements, termination statements, instruments of
satisfaction or cancellation, or of partial or full release or
discharge and all other comparable instruments, with respect to
the Mortgage Loans and with respect to the properties subject to
the Mortgages. Without limitation of the foregoing, if the
Company in its individual capacity agrees to refinance any
Mortgage Loan upon the request of the related Mortgagor, the
Company, as servicer hereunder, may execute an instrument of
assignment in customary form to the Company in its individual
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capacity. In connection with any such refinancing, the Trustee
shall, upon certification of a Servicing Officer to the effect
that an amount equal to the principal balance of the related
Mortgage Loan together with accrued and unpaid interest thereon
at the applicable Net Mortgage Rate to the date of such
certification has been credited to the Mortgage Loan Payment
Record, release the related Mortgage File to the Company
whereupon the Company may cancel the related Mortgage Note. Upon
request by the Company after the execution and delivery of this
Agreement, the Trustee shall furnish the Company with any powers
of attorney and other documents necessary or appropriate to
enable the Company to carry out its servicing and administrative
duties hereunder. The Company shall service and administer the
Mortgage Loans with reasonable care, using that degree of skill
and attention that the Company exercises with respect to all
comparable home equity mortgage loans that it services for itself
or others, and that are generally accepted industry practice. The
Company shall follow its customary standards, policies and
procedures in performing its duties as servicer. The Company
shall not agree to any modification of the material terms of any
Mortgage Loan except as provided in the second sentence of
Section 3.02(a) and in Section 3.07. The Company shall not
release any portion of any Mortgaged Property from the lien of
the related Mortgage unless the related Mortgage Loan would be a
"qualified mortgage" within the meaning of the REMIC Provisions
following such release. The Company shall not consent to the
placing of a lien senior to that of the Mortgage on the related
Mortgaged Property, except in the case of the refinancing of an
existing first mortgage loan on a Mortgaged Property and only if
all Loan Conditions have been satisfied (any such lien, a
"Permitted Senior Lien").
In the event that foreclosure proceedings are
commenced with respect to any Mortgage Loan with respect to which
the Company or any Primary Servicer has consented to the placing
of a subsequent senior lien and such senior lien is not a
Permitted Senior Lien, the Company shall repurchase such Mortgage
Loan on the Deposit Date for the next Distribution Date following
the related Collection Period during which such foreclosure
proceedings were commenced. Such repurchase shall be accomplished
in the same manner and subject to the same conditions as set
forth in Section 2.02. Upon making any such repurchase the
Company shall be entitled to receive an instrument of assignment
or transfer from the Trustee to the same extent as set forth in
Section 2.02. For purposes of this Agreement, any such purchase
shall be deemed to be a prepayment of such Mortgage Loan. It is
understood and agreed that the obligation of the Company to
purchase any Mortgage Loan (or property acquired in respect
thereof or insurance policy or insurance proceeds with respect
thereto) pursuant to the second immediately preceding
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sentence shall constitute the sole remedy against it respecting
such breach available to the Certificateholders or the Trustee
and such obligation shall survive any resignation or termination
of the Company under this Agreement.
(c) The relationship of the Company (and of any
successor to the Company as 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.
(d) All costs incurred by the Company in effecting the
timely payment of taxes and assessments on the properties subject
to the Mortgage Loans shall not, for the purpose of calculating
monthly distributions to Certificateholders, be added to the
amount owing under the related Mortgage Loans, notwithstanding
that the terms of such Mortgage Loans so permit, and such costs
shall be recoverable by the Company to the extent permitted by
Section 3.04. The Company shall collect such amounts from the
Mortgagor and shall credit the Mortgage Loan Payment Record
accordingly.
(e) If the Company enters into a servicing agreement
with any servicer (a "Primary Servicer") pursuant to which such
Primary Servicer shall directly service certain Mortgage Loans
and the Company shall perform master servicing with respect
thereto, the Company shall not be released from its obligations
to the Trustee and Certificateholders with respect to the
servicing and administration of the Mortgage Loans in accordance
with the provisions of Article III hereof and such obligations
shall not be diminished by virtue of any such servicing agreement
or arrangement and the Company shall be obligated to the same
extent and under the same terms and conditions as if the Company
alone were servicing and administering the Mortgage Loans. Any
amounts received by a Primary Servicer in respect of a Mortgage
Loan shall be deemed to have been received by the Company whether
or not actually received by it. Any servicing agreement that may
be entered into and any transactions or services relating to the
Mortgage Loans involving a Primary Servicer in its capacity as
such shall be deemed to be between the Company and the Primary
Servicer alone, and the Trustee and the Certificateholders shall
have no claims, obligations, duties or liabilities with respect
thereto. Notwithstanding the foregoing, in the event the Company
has been removed as the servicer hereunder pursuant to Section
6.04 or Section 7.01, the Trustee or any successor servicer
appointed pursuant to Section 7.02 shall succeed to all of the
Company's rights and interests (but not to any obligations or
liabilities of the Company arising prior to the date of
succession) under any servicing agreement with any Primary
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Servicer in respect of the Mortgage Loans, subject to the
limitation on the Trustee's responsibilities under Section 7.02.
Section 3.02. Collection of Certain Mortgage Loan
Payments; Mortgage Loan Payment Record; Certificate Account. (a)
The Company 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, follow such collection procedures as it follows
with respect to mortgage loans comparable to the Mortgage Loans
in its servicing portfolio. Consistent with the foregoing, the
Company may in its discretion (i) waive any late payment charge
or any assumption fees or other fees which may be collected in
the ordinary course of servicing such Mortgage Loan and (ii) if a
default on the Mortgage Loan has occurred or is reasonably
foreseeable, arrange with a Mortgagor a schedule for the payment
of principal and interest due and unpaid for a period extending
up to two years after the date such schedule is arranged. Any
arrangement of the sort described in clause (ii) above shall not
affect the amount or timing of the Company's obligation to make
Monthly Advances with respect to any Mortgage Loan which Monthly
Advances shall be made pursuant to the original amortization
schedule applicable to such Mortgage Loan.
(b) The Company shall establish and maintain a
Mortgage Loan Payment Record in which the following payments on
and collections in respect of each Mortgage Loan shall as
promptly as practicable be credited by the Company for the
account of the Holders of the Certificates:
(i) All payments on account of principal, including
Principal Prepayments (other than (A) payments of principal
due and payable on the Mortgage Loans before, and all
Principal Prepayments received before, the Cut-off Date,
(B) in the case of a substitute Mortgage Loan, payments of
principal due and payable on such Mortgage Loan on or
before the Determination Date in the month of substitution,
and all Principal Prepayments received before the first day
of the month of substitution, and (C) in the case of a
replaced Mortgage Loan, payments of principal due and
payable on such Mortgage Loan after the Determination Date
in the month of substitution, and all Principal Prepayments
received in the month of substitution);
(ii) All payments (other than (A) those due and payable
before the Cut-off Date, (B) in the case of a substitute
Mortgage Loan, those due and payable on such Mortgage Loan
on or before the Determination Date in the month of
substitution, and (C) in the case of a replaced Mortgage
Loan, those due and payable on such Mortgage Loan after the
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Determination Date in the month of substitution) on account
of interest at the applicable Net Mortgage Rate on the
Mortgage Loan received from the related Mortgagor,
including any Buydown Funds applied with respect to
interest at the applicable Net Mortgage Rate on any Buydown
Mortgage Loan;
(iii) All Liquidation Proceeds received by the Company
with respect to such Mortgage Loan and the Purchase Price
for any Mortgage Loan purchased by the Company pursuant to
Sections 2.02, 2.03 and 3.16 (including any amounts
received in respect of a substitution of a Mortgage Loan);
(iv) All Insurance Proceeds (including, for this
purpose, any amounts required to be credited by the Company
pursuant to the last sentence of Section 3.06) received by
the Company for the benefit of the Trust Fund, other than
proceeds to be applied to the restoration or repair of the
property subject to the related Mortgage or released, or to
be released, to the related Mortgagor in accordance with
the normal servicing procedures of the Company; and
(v) All REO Proceeds; and
(vi) All Unanticipated Recoveries.
The foregoing requirements respecting credits to the Mortgage
Loan Payment Record are exclusive, it being understood that,
without limiting the generality of the foregoing, the Company
need not enter in the Mortgage Loan Payment Record collections,
Liquidation Proceeds or Insurance Proceeds in respect of Mortgage
Loans which have been previously released from the terms of this
Agreement, amounts representing fees, late charge penalties or
Prepayment Premiums payable by Mortgagors, or amounts received by
the Company for the account of Mortgagors for application towards
the payment of taxes, insurance premiums, assessments and similar
items.
(c) Subject to subsection (e) below, until the
Business Day prior to each Distribution Date on which amounts are
required to be transferred to the Certificate Account pursuant to
subsection (d) of this Section 3.02, the Company may retain and
commingle such amounts with its own funds and shall be entitled
to retain for its own account any gain or investment income
thereon, and any such investment income shall not be subject to
any claim of the Trustee or Certificateholders. To the extent
that the Company realizes any net loss on any such investments,
the Company shall deposit in the Certificate Account an amount
equal to such net loss at the time the Company is required to
deposit amounts in the Certificate Account pursuant to subsection
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(d) of this section 3.02. Any such deposit shall not increase the
Company's obligation under said subsection (d).
(d) The Trustee shall establish and maintain with the
Trustee in its corporate trust department a single separate trust
account designated in the name of the Trustee for the benefit of
the Holders of the Certificates issued hereunder (the
"Certificate Account") into which the Company shall transfer, not
later than 11:00 a.m. New York time on the Business Day prior to
each Distribution Date, an amount in next day funds equal to the
sum of Available Funds for such Distribution Date and any
Unanticipated Recoveries received in the calendar month preceding
the month of such Distribution Date. If the Trustee does not
receive such transfer by 2:00 p.m. on such Business Day, it shall
give the Company written notice thereof.
(e) If the Company or a Responsible Officer of the
Trustee obtains actual notice of or knowledge of the occurrence
of either (x) any Trigger Event or (y) the downgrade by Moody's
of GECC's short-term senior unsecured debt rating below P1,
notwithstanding subsection (c) above, the Company shall promptly
establish, and thereafter maintain, one or more Eligible Accounts
in the name of the Trustee and bearing a designation indicating
that amounts therein are held for the benefit of the Trustee and
the Certificateholders, into which the Company and any Primary
Servicer shall deposit within two Business Days after receipt,
all amounts otherwise required to be credited to the Mortgage
Loan Payment Record pursuant to Section 3.02(b); provided,
however, that such action shall not be required if the Company
delivers to the Trustee a letter from each Rating Agency to the
effect that the failure to take such action will not cause such
Rating Agency to withdraw or reduce its then current ratings of
the Certificates. All amounts so deposited shall be held in trust
for the benefit of Certificateholders. Amounts so deposited may
be invested at the written instruction of the Company in
Permitted Investments in the name of the Trustee maturing no
later than the Business Day preceding the Distribution Date
following the date of such investment; provided, however, that
any such Permitted Investment which is an obligation of The First
National Bank of Chicago, in its individual capacity and not in
its capacity as Trustee, or represents an interest in its
Corporate Trust Short Term Investment Fund, may mature on such
Distribution Date; and, provided further, that no such Permitted
Investment shall be sold before the maturity thereof if the sale
thereof would result in the realization of gain prior to maturity
unless the Company has obtained an Opinion of Counsel that such
sale or disposition will not cause the Trust Fund to be subject
to the tax on prohibited transactions under section 860F of the
Code, or otherwise subject the Trust Fund to tax or cause either
of the Upper Tier REMIC or
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the Lower Tier REMIC established hereunder to fail to qualify as
a REMIC. The Trustee shall maintain physical possession of all
Permitted Investments, other than Permitted Investments
maintained in book-entry form. The Company, as servicer, shall be
entitled to retain for its own account any gain or other income
from Permitted Investments, and neither the Trustee nor Cer-
tificateholders shall have any right or claim with respect to
such income. The Company shall deposit an amount equal to any
loss realized on any Permitted Investment as soon as any such
loss is realized. If the provisions in this subsection (e) become
operable, references in this Agreement to the Mortgage Loan
Payment Record and credits and debits to such Record shall be
deemed to refer to Eligible Accounts and transfers to and
withdrawals from such Eligible Accounts. Any action which may be
necessary to establish the terms of an account pursuant to this
Section 3.02(e) may be taken by an amendment or supplement to
this Agreement or pursuant to a written order of the Company,
which amendment, supplement or order shall not require the
consent of Certificateholders, provided that the Company has
delivered to the Trustee a letter from each Rating Agency to the
effect that such amendment, supplement or order will not cause
such Rating Agency to withdraw or reduce its then current ratings
of the Certificates.
Section 3.03. [Omitted].
Section 3.04. Permitted Debits to the Mortgage Loan
Payment Record. The Company (or any successor servicer pursuant
to Section 7.02) may, from time to time, make debits to the
Mortgage Loan Payment Record for the following purposes:
(i) To reimburse the Company or the applicable Primary
Servicer for Liquidation Expenses theretofore incurred in
respect of any Mortgage Loan in an amount not to exceed the
amount of the related Liquidation Proceeds credited to the
Mortgage Loan Payment Record pursuant to Section
3.02(b)(iii); provided that the Company or the applicable
Primary Servicer shall not be entitled to reimbursement for
Liquidation Expenses incurred after the initiation of
foreclosure proceedings in respect of any Defaulted
Mortgage Loan that is repurchased pursuant to Section 3.16;
(ii) To reimburse the Company or the applicable Primary
Servicer for Insured Expenses and amounts expended by it
pursuant to Section 3.08 in good faith in connection with
the restoration of property damaged by an Uninsured Cause,
in an amount not to exceed the amount of the related
Insurance Proceeds and Liquidation Proceeds (net of any
debits pursuant to clause (i) above) and amounts
representing proceeds of other insurance policies covering
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the property subject to the related Mortgage credited to
the Mortgage Loan Payment Record pursuant to Section
3.02(b) (iii) and (iv);
(iii) To reimburse the Company to the extent permitted
by Sections 3.01(a) and 6.04;
(iv) To pay to the Company amounts received in respect
of any Defective Mortgage Loan or Defaulted Mortgage Loan
purchased by the Company to the extent that the
distribution of any such amounts on the Distribution Date
upon which the proceeds of such purchase are distributed
would make the total amount distributed in respect of any
such Mortgage Loan on such Distribution Date greater than
the Purchase Price therefor, net of any unreimbursed
Monthly Advances made by the Company;
(v) To reimburse the Company (or the Trustee, as
applicable) for Monthly Advances theretofore made in
respect of any Mortgage Loan, including an REO Mortgage
Loan or Liquidated Mortgage Loan, to the extent of late
payments, REO Proceeds, Insurance Proceeds and Liquidation
Proceeds in
respect of such Mortgage Loan;
(vi) To reimburse the Company from any Mortgagor
payment of interest or other recovery with respect to a
particular Mortgage Loan, to the extent not previously
retained by the Company, for unpaid Servicing Fees with
respect to such Mortgage Loan, subject to Section 3.08(d);
(vii) To reimburse the Company for any Nonrecoverable
Advance;
(viii) To make transfers of funds to the Certificate
Account pursuant to Section 3.02(d); and
(ix) To deduct amounts credited to the Mortgage Loan
Payment Record in error.
The Company shall keep and maintain separate
accounting records, on a Mortgage Loan by Mortgage Loan basis,
for the purpose of accounting for debits to the Mortgage Loan
Payment Record pursuant to clauses (i), (ii), (iv), (v) and (vi)
of this Section 3.04; provided, however, that it is understood
and agreed that the records of such accounting need not be
retained by the Company for a period longer than the five most
recent fiscal years.
Section 3.05. [Omitted].
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Section 3.06. Maintenance of Hazard Insurance. The
Company shall cause to be maintained for each Mortgage Loan
hazard insurance with a standard mortgagee clause and with
extended coverage in an amount which is at least equal to the
maximum insurable value of the improvements securing such
Mortgage Loan from time to time or the principal balance owing on
such Mortgage Loan from time to time (and, in the case of a
Second Mortgage Loan, on the related first mortgage loan),
whichever is less. The Company shall also maintain on property
acquired upon foreclosure, or by deed in lieu of foreclosure,
hazard insurance with extended coverage in an amount which is at
least equal to the lesser of (i) the maximum insurable value from
time to time of the improvements which are a part of such
property or (ii) the unpaid principal balance of such Mortgage
Loan at the time of such foreclosure or deed in lieu of
foreclosure. To the extent provided in Section 3.02(b)(iv),
amounts collected by the Company under any such policies in
respect of the Mortgage Loans shall be credited to the Mortgage
Loan Payment Record. Such costs shall be recoverable by the
Company pursuant to Section 3.04. In cases in which property
securing any Mortgage Loan is located in a federally designated
flood area, the hazard insurance to be maintained for such
Mortgage Loan shall include flood insurance. All such flood
insurance shall be in such amounts as are required under
applicable guidelines of FNMA. The Company shall be under no
obligation to require that any Mortgagor maintain earthquake or
other additional insurance and shall be under no obligation
itself to maintain any such additional insurance 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. If the
Company shall obtain and maintain a blanket policy 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 sentence of this Section 3.06, it being
understood and agreed that such policy may contain a deductible
clause, in which case the Company shall, in the event that there
shall not have been maintained on the related Mortgaged Property
a policy complying with the first sentence of this Section 3.06,
and there shall have been a loss which would have been covered by
such policy, credit to the Mortgage Loan Payment Record the
amount not otherwise payable under the blanket policy because of
such deductible clause.
Section 3.07. Assumption and Modification Agreements.
(a) In any case in which property subject to a Mortgage has been
or is about to be conveyed by the Mortgagor, the Company shall
exercise its right to accelerate the maturity of such Mortgage
Loan under any "due-on-sale" clause applicable thereto; provided,
however, that if the Company is prevented, as provided in Section
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3.07(b), from enforcing any such clause, the Company is
authorized to make or enter into an assumption and modification
agreement from or with the Person to whom such property has been
or is about to be conveyed, pursuant to which such Person becomes
liable under the Mortgage Note and the Mortgagor remains liable
thereon. In connection with any such assumption and modification
agreement, the Company shall apply its then current underwriting
standards to such Person. The Company shall not make or enter
into any such assumption and modification agreement, however,
unless (to the extent practicable in the circumstances) it shall
have received confirmation of the continued effectiveness of any
applicable hazard insurance policy. The Company shall notify the
Trustee that any assumption and modification agreement has been
completed by forwarding to the Trustee the original copy thereof,
which copy shall be added by the Trustee 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. In connection with any
such agreement, the Mortgage Rate, mortgage term and any other
material term of such Mortgage Loan shall not be changed. Any fee
collected by the Company for entering into any such agreement
will be retained by the Company as additional servicing
compensation.
(b) Notwithstanding Section 3.07(a) or any other
provision of this Agreement, the Company 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, or
transfer of the property subject to a Mortgage without the
assumption thereof, by operation of law or any assumption or
transfer which the Company reasonably believes it may be
restricted by law from preventing, for any reason whatsoever.
Section 3.08. Realization Upon Defaulted Mortgage
Loans. (a) The Company shall foreclose upon or otherwise
comparably convert 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 3.02. In connection with
such foreclosure or other conversion the Company shall follow
such practices and procedures (including, in the case of any
default on a related senior mortgage loan, the advancing of funds
to correct such default) as it shall deem necessary or advisable
and as shall be normal and usual in its general home equity
mortgage loan servicing activities. The foregoing is subject to
the proviso that the Company shall not be required to expend its
own funds in connection with any foreclosure or towards the
restoration of any property unless it shall determine (i) that
such restoration or foreclosure will increase the proceeds of
liquidation of the Mortgage Loan to Certificateholders after
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reimbursement to itself for such expenses and (ii) that such
expenses will be recoverable to it either through Liquidation
Proceeds or Insurance Proceeds. Notwithstanding the foregoing,
the Company shall not be entitled to recover legal expenses
incurred in connection with foreclosure proceedings where the
Mortgage Loan is reinstated and such foreclosure proceedings are
terminated prior to completion, other than sums received from the
Mortgagor for such expenses.
Notwithstanding anything to the contrary contained
herein, the Company shall be under no obligation to foreclose
upon or otherwise convert the ownership of any Mortgaged Property
which it believes may be contaminated with or affected by
hazardous or toxic wastes, materials or substances. The Company
may, but shall not be obligated to, make such determination on
the basis of a Phase I environmental assessment with respect to
the related Mortgaged Property. Neither the Trustee nor the
Company shall be liable to the Trust Fund or the
Certificateholders if, based on the Company's belief that such
contamination or effect exists, the Company does not foreclose
upon or otherwise convert the ownership of a Mortgaged Property.
In addition, neither the Trustee nor the Company shall be liable
to the Trust Fund or the Certificateholders if, based on the
Company's belief that no such contamination or effect exists, the
Company forecloses upon a Mortgaged Property and the Trustee or
its nominee on behalf of the Trust Fund takes title to such
Mortgaged Property, and thereafter such Mortgaged Property is
determined to be so contaminated or affected.
(b) In the event that title to any Mortgaged Property
is acquired in foreclosure or by deed in lieu of foreclosure, the
deed or certificate of sale shall be issued to the Trustee, or to
its nominee on behalf of the Trust Fund. Notwithstanding any such
acquisition of title and cancellation of the related Mortgage
Loan, such Mortgage Loan shall (except for purposes of Section
9.01) be considered to be an Outstanding Mortgage Loan until such
time as the Mortgaged Property shall be sold and such Mortgage
Loan becomes a Liquidated Mortgage Loan. Consistent with the
foregoing, for purposes of all calculations hereunder so long as
such Mortgage Loan shall be considered to be an Outstanding
Mortgage Loan, it shall be assumed that the related Mortgage Note
and its amortization schedule, if any, in effect on and after
such acquisition of title (after giving effect to any previous
Principal Prepayments) remain in effect (notwithstanding that the
indebtedness evidenced by such Mortgage Note shall have been
discharged), subject to adjustment to reflect the application of
REO Proceeds received in any month. REO Proceeds received in any
month shall be applied to the payment of the installments of
principal due and interest accrued on the related REO Mortgage
Loan in accordance with the terms of such Mortgage
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Note (in the case of a Simple Interest Mortgage Loan, assuming
payments are made on the related Due Date). REO Proceeds received
in any month in excess of the Amortization Payment for such month
due on an REO Mortgage Loan shall be treated as a Principal
Prepayment received in respect of such Mortgage Loan.
(c) In the event that the Trust Fund acquires any
Mortgaged Property as aforesaid or otherwise in connection with a
default or imminent default on a Mortgage Loan, the Company shall
dispose of such Mortgaged Property prior to the close of the
third calendar year after the year of its acquisition by the
Trust Fund unless (a) the Trustee shall have been supplied with
an Opinion of Counsel to the effect that the holding by the Trust
Fund of such Mortgaged Property subsequent to such period (and
specifying the period beyond such period for which the Mortgaged
Property may be held) will not result in the imposition of taxes
on "prohibited transactions" of the Trust Fund as defined in
section 860F of the Code, or cause either of the Upper Tier REMIC
or the Lower Tier REMIC established hereunder to fail to qualify
as a REMIC at any time that any Certificates are outstanding, in
which case the Trust Fund may continue to hold such Mortgaged
Property (subject to any conditions contained in such Opinion of
Counsel), or (b) the Trustee (at the Company's expense) or the
Company shall have applied for, not later than 61 days prior to
the expiration of such period, an extension of such period in the
manner contemplated by section 856(e)(3) of the Code, in which
case the period shall be extended by the applicable period.
Notwithstanding any other provision of this Agreement, no
Mortgaged Property acquired by the Trust Fund shall be rented (or
allowed to continue to be rented) or otherwise used for the
production of income by or on behalf of the Trust Fund or sold in
such a manner or pursuant to any terms that would (i) cause such
Mortgaged Property to fail to qualify at any time as "foreclosure
property" within the meaning of section 860G(a)(8) of the Code,
(ii) subject the Trust Fund to the imposition of any federal or
state income taxes on "net income from foreclosure property" with
respect to such Mortgaged Property within the meaning of section
860G(c) of the Code, or (iii) cause the sale of such Mortgaged
Property to result in the receipt by the Trust Fund of any income
from non-permitted assets as described in section 860F(a)(2)(B)
of the Code, unless the Company has agreed to indemnify and hold
harmless the Trust Fund with respect to the imposition of any
such taxes.
(d) Any collection of Insurance Proceeds or
Liquidation Proceeds will be applied in the following order of
priority: first, to reimburse the Company for any related
unreimbursed Liquidation Expenses and to reimburse the Company,
for any related unreimbursed Monthly Advances; second, to accrued
and unpaid interest on the Mortgage Loan at the Mortgage Rate
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from the date to which interest was last paid or advanced to the
Due Date in the Collection Period relating to the Distribution
Date on which such amounts are to be distributed; and third, as a
recovery of principal of the Mortgage Loan. If the amount so
allocated to interest is less than the full amount of accrued and
unpaid interest due on such Mortgage Loan, the amount of such
recovery will be allocated between the Servicing Fee and interest
at the Net Mortgage Rate in proportion to the amount of such
accrued interest which would have been allocated to each such
category in the absence of any shortfall.
(e) Notwithstanding anything to the contrary contained
herein, the Company shall have the right to enter into an
agreement substantially in the form of Exhibit K hereto with any
Person that is the Holder of 100% of the Class B5 Certificates or
(provided that such form may be revised to delete the option on
the part of such Person to purchase a defaulted Mortgage Loan as
set forth in Section 2.02(f) thereof). Prior to entering into any
such agreement with any Person, the Company shall obtain a
certification from such Person to the effect that (i) such Person
is not an "affiliate" (within the meaning of the Prohibited
Transaction Exemption) of the Trustee and (ii) such Person will
not purchase any Certificates if such purchase would cause such
Person to hold more than a ten percent interest in the Mortgage
Pool. It is understood that the right of the Company to be
reimbursed for Monthly Advances and Nonrecoverable Advances under
this Agreement shall not be affected in any way by the provisions
of any such agreement. The Trustee hereby agrees to perform such
obligations as may be expressly required of it pursuant to the
provisions of such agreement and to promptly notify each party to
such agreement if a Responsible Officer of the Trustee (with
direct responsibility for administration of this Agreement)
becomes aware of any discussions, plans or events that might lead
to the Trustee's becoming an "affiliate" (within the meaning of
the Prohibited Transaction Exemption) of any Person with which
the Company has entered into such agreement, provided that the
contents of any such notification shall be kept confidential by
the parties to such agreement. The Company agrees to promptly
notify the Trustee upon entering into any such agreement. In
addition, the Company shall provide the Trustee with such
information as may be necessary for the Trustee to perform its
obligations thereunder, including written instructions, clearly
identifying the source, amount and application of funds to be
deposited or withdrawn from the Collateral Fund (as defined in
such agreement). The Trustee shall provide the Company with such
information concerning credits and debits to the Collateral Fund
on account of income, gains and losses realized from Collateral
Fund Permitted Investments (as defined in such agreement), and
costs associated with the purchase and sale thereof, as the
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Company may request in order to prepare the instructions
described in the preceding sentence.
In addition, subject to the provisions of the
preceding paragraph, the Company shall have the right to enter
into an agreement substantially in the form of Exhibit K hereto
with any Person that is the Holder of 100% of the Class B4
Certificates, provided that (i) such Person is also the Holder of
100% of the Class B5 Certificates, (ii) such Person shall have no
rights under such agreement until the date on which the Class
Certificate Principal Balance of the Class B5 Certificates has
been reduced to zero, and (iii) any rights of such Person under
such Agreement shall terminate in the event that such Person
transfers, directly or indirectly, the Class B4 Certificates to
any other Person.
Section 3.09. Trustee to Cooperate; Release of
Mortgage Files. Upon the payment in full of any Mortgage Loan,
the Company will immediately notify the Trustee by a
certification (which certification shall include a statement to
the effect that all amounts received in connection with such
payment which are required to be credited to the Mortgage Loan
Payment Record pursuant to Section 3.02 have been so credited) of
a Servicing Officer and shall request delivery to it of the
Mortgage File. If a Buydown Mortgage Loan is the subject of a
Principal Prepayment in full during the related Buydown Period,
the related Buydown Funds will be applied or returned to the
Person entitled thereto in accordance with the terms of such
Buydown Mortgage Loan. Upon receipt of such certification and
request in form satisfactory to the Trustee, the Trustee shall
promptly, but in any event within five Business Days, release the
related Mortgage File to the Company; provided, that the Trustee
shall not be responsible for any delay in the release of a
Mortgage File resulting from acts beyond its control, including
without limitation, acts of God, strikes, lockouts, riots, acts
of war or terrorism, epidemics, nationalization, governmental
regulations imposed after the fact, fire, communication line
failures, computer viruses, power failures, earthquakes or other
disasters. Upon any such payment in full, the Company is
authorized to execute, pursuant to the authorization contained in
Section 3.01, an instrument of satisfaction regarding such
Mortgage, which instrument of satisfaction shall be recorded by
the Company if required by applicable law and be delivered to the
Person entitled thereto, it being understood and agreed that no
expenses incurred in connection with such instrument of
satisfaction shall be reimbursed from amounts at the time
credited to the Mortgage Loan Payment Record. From time to time
and as appropriate for the servicing or foreclosure of any
Mortgage Loan, the Trustee shall, upon request of the Company and
delivery to the Trustee of a receipt signed by a Servicing
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Officer, release the related Mortgage File to the Company and
shall execute such documents as shall be necessary to the
prosecution of any such proceedings. Such receipt shall obligate
the Company to return the Mortgage File to the Trustee when the
need therefor by the Company no longer exists unless the Mortgage
Loan shall be liquidated, in which case, upon receipt of a
certificate of a Servicing Officer similar to that hereinabove
specified, the receipt shall be released by the Trustee to the
Company.
Section 3.10. Servicing Compensation; Payment of
Certain Expenses by the Company. (a) As compensation for its
activities and obligations hereunder, the Company shall be
entitled to withhold and pay to itself out of each payment
received by it on account of interest on each Mortgage Loan
(including the portion of any Buydown Funds applied to the
related Buydown Mortgage Loan for the applicable period) an
amount equal to the Servicing Fee. The aggregate of the Servicing
Fees payable to the Company on any Distribution Date shall be
reduced as provided in Section 4.08. Additional servicing
compensation in the form of Prepayment Interest Excess, Net
Simple Interest Excess, Prepayment Premiums, assumption fees,
modification fees, late payment charges, interest income or gain
with respect to amounts deposited in the Certificate Account and
invested by the Company or otherwise shall be retained by the
Company, subject to Section 3.10(b), if applicable. The Company
shall be required to pay all expenses incurred by it in
connection with its activities hereunder (including payment of
Trustee fees and all other fees and expenses not expressly stated
hereunder to be for the account of the Certificateholders) and
shall not be entitled to reimbursement therefor except as
provided in Sections 3.01, 3.04 and 3.08.
(b) The Company may, as a condition to granting any
request by a Mortgagor for any consent, modification, waiver or
amendment or any other matter or thing, the granting of which is
in the Company's discretion pursuant to the terms of the
instruments evidencing or securing the related Mortgage Loan and
is permitted by other sections of this Agreement, require (to the
extent permitted by applicable law) that such Mortgagor pay to it
a reasonable or customary fee in accordance with the schedule set
forth as Exhibit H (which may be amended from time to time by
provision of a revised schedule of such fees to the Trustee,
whereupon such revised schedule shall be deemed to be Exhibit H
hereunder) for the additional services performed in connection
with such request, together with any related costs and expenses
incurred by it. Such fees shall be additional servicing
compensation to the Company.
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Section 3.11. Reports to the Trustee; Certificate
Account Statements. Not later than 15 days after each
Distribution Date, the Company shall forward to the Trustee a
statement, certified by a Servicing Officer, setting forth the
status of the Mortgage Loan Payment Record as of the close of
business on such Distribution Date and showing, for the period
covered by such statement, the aggregate of credits to the
Mortgage Loan Payment Record for each category of credit
specified in Section 3.02 and each category of debit specified in
Section 3.04.
Section 3.12. Annual Statement as to Compliance. The
Company will deliver to the Trustee, on or before March 31 of
each year, beginning with March 31, 1999, an Officer's
Certificate stating that (a) a review of the activities of the
Company during the preceding calendar year and of its performance
under this Agreement has been made under such Officer's
supervision and (b) to the best of such Officer's knowledge,
based on such review, (i) the Company has fulfilled all its
material obligations under this Agreement throughout such year,
and (ii) no Trigger Event has occurred or, if there has been a
default in the fulfillment of any such obligation or Trigger
Event, specifying each such default or Trigger Event known to
such Officer and the nature and status thereof.
Section 3.13. Annual Independent Public Accountants'
Servicing Report. On or before March 31 of each year, beginning
with March 31, 1999, the Company shall:
(a) furnish to a firm of independent public
accountants (which may also render other services to the
Company) a statement substantially to the effect that the
Company has complied in all material respects with the
minimum servicing standards set forth in the Uniform Single
Attestation Program for Mortgage Bankers (the "Minimum
Servicing Standards") with respect to the mortgage loans in
the Company's home equity loan servicing portfolio or, if
there has been material noncompliance with such servicing
standards, containing a description of such noncompliance;
and
(b) at its expense cause such firm of independent
public accountants to furnish a report to the Trustee
stating its opinion as to the Company's assertion contained
in the statement delivered pursuant to Section 3.13(a),
which opinion shall be based on an examination conducted by
such firm in accordance with the standards established by
the American Institute of Certified Public Accountants,
including examining, on a test basis, evidence about the
Company's compliance with the Minimum Servicing Standards.
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Such opinion shall be to the effect that the Company has
complied in all material respects with the Minimum
Servicing Standards with respect to the mortgage loan
portfolio described in the Company's statement delivered
pursuant to Section 3.13(a) hereof or if there has been
material noncompliance with the Minimum Servicing
Standards, shall contain a description of such
noncompliance in accordance with applicable accounting
standards. In rendering such report, such firm may rely, as
to matters relating to direct servicing of Mortgage Loans
by any primary servicer, upon comparable reports of
independent public accountants with respect to such primary
servicer.
Section 3.14. Access to Certain Documentation and
Information Regarding the Mortgage Loans. To the extent permitted
by applicable law, the Company shall provide to the Trustee,
Certificateholders which are regulated insurance entities and the
applicable insurance regulatory agencies thereof,
Certificateholders which are federally insured savings and loan
associations, the Office of Thrift Supervision, the FDIC and the
supervisory agents and examiners thereof access to the
documentation regarding the Mortgage Loans required by applicable
regulations of the Office of Thrift Supervision or of such
insurance regulatory agencies, as the case may be, such access
being afforded without charge but only upon reasonable request
and during normal business hours at the offices of the Company.
Nothing in this Section 3.14 shall derogate from the obligation
of the Company to observe any applicable law prohibiting
disclosure of information regarding the Mortgagors and the
failure of the Company to provide access as provided in this
Section 3.14 as a result of such obligation shall not constitute
a breach of this Section 3.14.
Section 3.15. Maintenance of Certain Servicing
Policies. The Company shall during the term of its service as
servicer maintain in force (i) a policy or policies of insurance
covering errors and omissions in the performance of its
obligations as servicer hereunder and (ii) a fidelity bond in
respect of its officers, employees or agents. Each such policy or
policies and bond shall, together, comply with the requirements
from time to time of FNMA for persons performing servicing for
mortgage loans purchased by such association.
Section 3.16. Optional Purchase of Defaulted Mortgage
Loans. The Company shall have the right, but not the obligation,
to purchase any Defaulted Mortgage Loan for a price equal to the
Purchase Price therefor. Any such purchase shall be accomplished
as provided in Section 4.04(a) hereof.
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ARTICLE IV
PAYMENTS AND STATEMENTS
Section 4.01. Distributions. (a) On each Distribution
Date, the Trustee shall withdraw the Available Interest Funds
from the Certificate Account and shall make distributions to
Holders of the Certificates as of the preceding Record Date in
the following order of priority, to the extent of the remaining
Available Interest Funds:
(i) to the Class S Certificates and each Class of Senior
Certificates other than the Class R1 and Class R2
Certificates, the Accrued Certificate Interest thereon for
such Distribution Date (less the applicable Simple Interest
Shortfall Percentage of any Unpaid Net Simple Interest
Shortfall for such Distribution Date), any shortfall in
available amounts being allocated among such Classes in
proportion to the amount of Accrued Certificate Interest
otherwise distributable thereon;
(ii) to the Class S Certificates and each Class of
Senior Certificates other than the Class R1 and Class R2
Certificates, any related Unpaid Class Interest Shortfall
for such Distribution Date, any shortfall in available
amounts being allocated among such Classes in proportion to
the Unpaid Class Interest Shortfall for each such Class on
such Distribution Date;
(iii) to the Class M Certificates, the Accrued
Certificate Interest thereon for such Distribution Date
(less the applicable Simple Interest Shortfall Percentage
of any Unpaid Net Simple Interest Shortfall for such
Distribution Date);
(iv) to the Class M Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(v) to the Class B1 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date
(less the applicable Simple Interest Shortfall Percentage
of any Unpaid Net Simple Interest Shortfall for such
Distribution Date);
(vi) to the Class B1 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(vii) to the Class B2 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date
(less the applicable Simple Interest Shortfall Percentage
of
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any Unpaid Net Simple Interest Shortfall for such
Distribution Date);
(viii) to the Class B2 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(ix) to the Class B3 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date
(less the applicable Simple Interest Shortfall Percentage
of any Unpaid Net Simple Interest Shortfall for such
Distribution Date);
(x) to the Class B3 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xi) to the Class B4 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date
(less the applicable Simple Interest Shortfall Percentage
of any Unpaid Net Simple Interest Shortfall for such
Distribution Date);
(xii) to the Class B4 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xiii) to the Class B5 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date
(less the applicable Simple Interest Shortfall Percentage
of any Unpaid Net Simple Interest Shortfall for such
Distribution Date); and
(xiv) to the Class B5 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date.
(b) On each Distribution Date, the Trustee shall
withdraw the Available Principal Funds from the Certificate
Account and shall make distributions to Holders of the
Certificates as of the preceding Record Date as follows:
(i) the Senior Principal Distribution Amount for such
Distribution Date shall be distributed to the Class A1,
Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class R1 and Class R2 Certificates, in reduction of the
Class Certificate Principal Balances thereof, concurrently,
as follows:
(a) to the Class A7 Certificates, the Class A7
Principal Distribution Amount, if any, for such
Distribution Date, until the Class Certificate
Principal Balance thereof has been reduced to zero;
and
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(b) to the Class A1, Class A2, Class A3, Class
A4, Class A5, Class A6, Class R1 and Class R2
Certificates, an amount equal to the Senior Principal
Distribution Amount for such Distribution Date less
the Class A7 Principal Distribution Amount, if any,
for such date, in the following order of priority:
(1) concurrently, to the Class R1 and Class
R2 Certificates, in proportion to their
respective Class Certificate Principal Balances,
until the Class Certificate Principal Balances
thereof have been reduced to zero;
(2) to the Class A1 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero;
(3) to the Class A2 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero;
(4) to the Class A3 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero;
(5) to the Class A4 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero;
(6) to the Class A5 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero; and
(7) to the Class A6 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero; and
(ii) to each Class of Junior Certificates, in reduction
of the Class Certificate Principal Balance thereof, each
such Class's Allocable Share of the Junior Principal
Distribution Amount on such Distribution Date.
(c) On each Distribution Date, the Trustee shall
distribute to the holder of the Class R2 Certificate any
remaining amounts in the Upper Tier REMIC for such Distribution
Date after application of all amounts described in clauses (a)
and (b) of this Section 4.01, together with any Unanticipated
Recoveries received by the Company in the calendar month
preceding the month of such Distribution Date and not distributed
on such Distribution Date to outstanding Certificates of any
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other Class pursuant to Section 4.01(f). Any distributions
pursuant to this clause (c) shall not reduce the Class
Certificate Principal Balance of the Class R2 Certificate.
(d) If on any Distribution Date the Class Certificate
Principal Balances of the Junior Certificates have each been
reduced to zero, the amount distributable to the Senior
Certificates pursuant to Section 4.01(b)(i) for such Distribution
Date and each succeeding Distribution Date shall be allocated
among the Classes of Senior Certificates, pro rata, on the basis
of their respective Class Certificate Principal Balances
immediately prior to such Distribution Date, regardless of the
priorities set forth in Section 4.01(b)(i).
(e) If on any Distribution Date (i) the Class
Certificate Principal Balance of the Class M Certificates or any
Class of Class B Certificates for which the related Prepayment
Distribution Trigger was satisfied on such Distribution Date is
reduced to zero and (ii) amounts distributable pursuant to
clauses (ii), (iv) and (v) of the Junior Principal Distribution
Amount remain undistributed on such Distribution Date after all
amounts otherwise distributable on such date pursuant to clause
(ii) of Section 4.01(b) have been distributed, such amounts shall
be distributed on such Distribution Date to the remaining Classes
of Junior Certificates in order of priority, such that no such
distribution shall be made to any Class of Junior Certificates
while a prior such Class is outstanding.
(f) In the event that in any calendar month the
Company recovers an amount (an "Unanticipated Recovery") in
respect of principal of a Mortgage Loan which had previously been
allocated as a Realized Loss to any Class of Certificates
pursuant to Section 4.03, on the Distribution Date in the next
succeeding calendar month the Trustee shall withdraw from the
Certificate Account and distribute to the holders of each
outstanding Class to which such Realized Loss had previously been
allocated its share (determined as described in the succeeding
paragraph) of such Unanticipated Recovery in an amount not to
exceed the amount of such Realized Loss previously allocated to
such Class. When the Class Certificate Principal Balance of a
Class of Certificates has been reduced to zero, the holders of
such Class shall not entitled to any share of an Unanticipated
Recovery, and such Unanticipated Recovery shall be allocated
among all outstanding Classes of Certificates entitled thereto in
accordance with the preceding sentence, subject to the remainder
of this subsection (f). In the event that (i) any Unanticipated
Recovery remains undistributed in accordance with the preceding
sentence or (ii) the amount of an Unanticipated Recovery exceeds
the amount of the Realized Loss previously allocated to any
outstanding Classes with respect to the related Mortgage Loan, on
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the applicable Distribution Date the Trustee shall distribute to
the holders of all outstanding Classes of the related
Certificates to which Realized Losses had previously been
allocated and not reimbursed their pro rata share (determined as
described below) of such excess in an amount not to exceed the
aggregate amount of any Realized Loss previously allocated to
such Class with respect to any other Mortgage Loan that has not
been recovered in accordance with this Section 4.01(f). Any
distributions made pursuant to this Section 4.01(f) shall not
reduce the Class Certificate Principal Balance of the related
Certificate.
For purposes of the preceding paragraph, the share of
an Unanticipated Recovery allocable to any Class of Certificates
with respect to a Mortgage Loan shall be based on such Class's
pro rata share (in proportion to the Class Certificate Principal
Balances thereof with respect to such Distribution Date) of the
principal portion of the Realized Loss previously allocated with
respect to such Mortgage Loan.
Section 4.02. Method of Distribution. (a) All
distributions with respect to each Class of Certificates on each
Distribution Date shall be made pro rata among the outstanding
Certificates of such Class, based on the Percentage Interest in
such Class represented by each Certificate. Payments to the
Certificateholders on each Distribution Date will be made by the
Trustee to the Certificateholders of record on the related Record
Date (other than as provided in Section 9.01 respecting the final
distribution) by check or money order mailed to a
Certificateholder at the address appearing in the Certificate
Register, or upon written request by such Certificateholder to
the Trustee made not later than the applicable Record Date, by
wire transfer to a U.S. depository institution acceptable to the
Trustee, or by such other means of payment as such
Certificateholder and the Trustee shall agree.
(b) Each distribution with respect to a Book-Entry
Certificate shall be paid to the Depository, which shall credit
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. All such credits and
disbursements with respect to a Book-Entry Certificate are to be
made by the Depository and the Depository Participants in
accordance with the provisions of the applicable Certificates.
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Neither the Trustee nor the Company shall have any responsibility
therefor except as otherwise provided by applicable law.
(c) The Trustee shall withhold or cause to be withheld
such amounts as it reasonably determines are required by the Code
(giving full effect to any exemptions from withholding and
related certifications required to be furnished by
Certificateholders or Certificate Owners and any reductions to
withholding by virtue of any bilateral tax treaties and any
applicable certification required to be furnished by
Certificateholders or Certificate Owners with respect thereto)
from distributions to be made to Non-U.S. Persons. If the Trustee
reasonably determines that a more accurate determination of the
amount required to be withheld for a distribution can be made
within a reasonable period after the scheduled date for such
distribution, it may hold such distribution in trust for a holder
of a Residual Certificate until such determination can be made.
For the purposes of this paragraph, a "Non-U.S. Person" is (i) an
individual other than a citizen or resident of the United States,
(ii) a partnership, corporation or entity treated as a
partnership or corporation for U.S. federal income tax purposes
not formed under the laws of the United States, any state thereof
or the District of Columbia (unless, in the case of a
partnership, Treasury regulations provide otherwise), (iii) any
estate, the income of which is not subject to U.S. federal income
taxation, regardless of source, and (iv) any trust, other than a
trust that a court within the United States is able to exercise
primary supervision over the administration of the trust and one
or more U.S. Persons have the authority to control all
substantial decisions of the trust.
Section 4.03. Allocation of Losses. (a) On or prior to
each Determination Date, the Company shall determine the amount
of any Realized Loss in respect of each Mortgage Loan that
occurred during the immediately preceding calendar month.
(b) With respect to any Distribution Date, the
principal portion of each Realized Loss (other than any Excess
Loss) shall be allocated as follows:
first, to the Class B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
second, to the Class B4 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
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third, to the Class B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fourth, to the Class B2 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fifth, to the Class B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
sixth, to the Class M Certificates until the Class
Certificate Principal Balance thereof has been reduced
to zero; and
seventh, to the Classes of Senior Certificates,
pro rata, in accordance with their Class Certificate
Principal Balances.
(c) With respect to any Distribution Date, the
principal portion of any Excess Loss shall be allocated to each
Class of Certificates, pro rata, based on the respective Class
Certificate Principal Balances thereof.
(d) Any Realized Losses allocated to a Class of
Certificates pursuant to Section 4.03(b) or (c) shall be
allocated among the Certificates of such Class in proportion to
their respective Certificate Principal Balances. Any allocation
of Realized Losses pursuant to this paragraph (d) shall be
accomplished by reducing the Certificate Principal Balance of the
related Certificates on the related Distribution Date in
accordance with Section 4.03(e).
(e) Realized Losses allocated in accordance with this
Section 4.03 shall be allocated on the Distribution Date in the
month following the month in which such loss was incurred and, in
the case of the principal portion thereof, after giving effect to
distributions made on such Distribution Date.
(f) On each Distribution Date, the Company shall
determine the Subordinate Certificate Writedown Amount, if any.
Any such Subordinate Certificate Writedown Amount shall effect a
corresponding reduction in the Certificate Principal Balance of
the Subordinate Certificates, which reduction shall occur on such
Distribution Date after giving effect to distributions made on
such Distribution Date.
(g) Notwithstanding the foregoing, no such allocation
of any Realized Loss shall be made on a Distribution Date to a
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Class of Certificates to the extent that such allocation would
result in the reduction of the aggregate Certificate Principal
Balances of all the Certificates as of such Distribution Date,
after giving effect to all distributions and prior allocations of
Realized Losses on such date, to an amount less than the
aggregate Principal Balance of the Mortgage Loans as of the first
day of the month of such Distribution Date (such limitation, the
"Loss Allocation Limitation").
(h) Any allocation of a Realized Loss to a Class of
Certificates, or of any Subordinate Certificate Writedown Amount
to a Class of Subordinate Certificates, pursuant to this Section
4.03 shall effect a corresponding allocation thereof to the
corresponding Class of Lower Tier Interests and, in the case of
the principal portion of any such Realized Loss and any such
Subordinate Certificate Writedown Amount, a corresponding
reduction in the related Lower Tier Balance thereof.
Section 4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans. (a) The Company shall be required to make Monthly
Advances in the manner and to the extent provided herein. Prior
to the close of business on each Determination Date, the Company
shall determine (i) the amount of the Monthly Advance which it is
required to make on the related Distribution Date and (ii)
whether it has elected to purchase any Defaulted Mortgage Loan or
Loans on such Distribution Date pursuant to Section 3.16. If the
Company so elects to purchase any Defaulted Mortgage Loans (or is
required to purchase any Mortgage Loan pursuant to Sections 2.02
or 2.03(a)), no Monthly Advance shall be required with respect
thereto for the month in which such purchase occurs. The Company
shall include information as to each of such determinations in
the Servicer's Certificate furnished by it to the Trustee in
accordance with Section 4.06 and shall be obligated to transfer
to the Certificate Account pursuant to Section 3.02(d) on or
before 11:00 a.m. New York time on the Business Day next
preceding the following Distribution Date in next-day funds the
respective amounts applicable to such determinations appearing in
such Servicer's Certificate. Upon receipt by the Trustee of
written notification signed by a Servicing Officer of any such
deposit relating to the purchase by the Company of such a
Mortgage Loan, the Trustee shall release to the Company the
related Mortgage File and shall execute and deliver such
instruments of transfer or assignment, in each case without
recourse, as shall be necessary to vest in the Company any
Mortgage Loan released pursuant hereto.
(b) In the event that the Company transfer or expects
to transfer less than the Available Funds required to be
deposited by it pursuant to Section 3.02(d), the Company shall so
notify the Trustee no later than 9:00 a.m. on the Business Day
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preceding the related Distribution Date, and the amount so
transferred, if any, shall be deemed to have been transferred
first pursuant to clause (i) of the definition of Available
Funds, second pursuant to clause (iii) of the definition of
Available Funds, and third pursuant to clause (ii) of the
definition of Available Funds. Such notice shall specify each
Mortgage Loan delinquent as of the preceding Determination Date.
In such event, and if the Company has failed to make any required
Monthly Advance such that an Event of Default as described in
Section 7.01(v) has occurred, the Trustee shall terminate all of
the rights and obligations of the Company as servicer hereunder
and, in its capacity as successor servicer pursuant to Section
7.02, the Trustee shall make any Monthly Advance required to be
made hereunder, in the manner and to the extent required;
provided, the Trustee shall not be so obligated if prohibited by
applicable law.
(c) In the event that the Company is succeeded
hereunder as servicer, the obligation to make Monthly Advances in
the manner and to the extent required by Section 4.04(a) shall be
assumed by the successor servicer (subject to Section 7.02).
Section 4.05. Statements to Certificateholders. Each
month, at least two Business Days prior to each Distribution
Date, the Company shall deliver to the Trustee for mailing to
each Certificateholder, and the Trustee shall mail to each
Certificateholder on such Distribution Date, a statement (each, a
"Distribution Date Statement") substantially in the form of
Exhibit J hereto, setting forth:
(i) The amount of such distribution to the
Certificateholders of each Class allocable to principal,
separately identifying the aggregate amount of any
Principal Prepayments included therein (including, for this
purpose, the Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03(b) and 3.16, respectively, and any
amounts deposited pursuant to Section 2.03(b) in connection
with the substitution of any Mortgage Loans pursuant to
Section 2.02 or 2.03(a), the proceeds of which purchases or
substitutions are being distributed on such Distribution
Date);
(ii) The amount of such distribution to the
Certificateholders of each Class (other than any Class of
Principal Only Certificates) allocable to interest;
(iii) The amount of servicing compensation paid to the
Company during the month preceding the month of
distribution in respect of the Mortgage Loans and such
other customary
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information as the Company deems necessary or desirable to
enable Certificateholders to prepare their tax returns;
(iv) The Pool Principal Balance and the aggregate
number of the Mortgage Loans as of the end of the related
Collection Period after giving effect to all distributions
allocable to principal made on such Distribution Date;
(v) The Class Certificate Principal Balance of each
Class and the Certificate Principal Balance of a Single
Certificate of each Class after giving effect to (i) all
distributions allocable to principal made on such
Distribution Date and (ii) the allocation of any Realized
Losses for such Distribution Date;
(vi) The Pay-out Rate applicable to each Class of
Certificates;
(vii) The book value and unpaid principal balance of any
real estate acquired on behalf of Certificateholders
through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan, and the
number of the related Mortgage Loans;
(viii) The aggregate Principal Balances and number of
Mortgage Loans which, as of the close of business on the
last day of the month preceding the related Distribution
Date, were (a) one payment delinquent, (y) two payments
delinquent and (z) three or more payments delinquent, and
(b) in foreclosure;
(ix) The Principal Balance of any Mortgage Loan
replaced pursuant to Section 2.03(b);
(x) The Certificate Interest Rate of the Class S,
Class M and Class B Certificates applicable to the Interest
Accrual Period relating to such Distribution Date;
(xi) The Senior Percentage and Junior Percentage for
such Distribution Date;
(xii) The Available Interest Funds and Available
Principal Funds for such Distribution Date;
(xiii) The Senior Prepayment Percentage and Junior
Prepayment Percentage for such Distribution Date; and
(xiv) The amount of such distribution to the
Certificateholders of each Class allocable to Unanticipated
Recoveries.
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In the case of information furnished pursuant to
clauses (i) through (iii) above, the amounts shall be expressed
as a dollar amount per Single Certificate.
In connection with any proposed transfer of a
Certificate that is purported to be made in reliance on Rule 144A
under the Securities Act, the Company shall be responsible for
furnishing such information as may be required thereunder to a
proposed transferee. In furtherance of the Company's obligations
hereunder, the Company hereby instructs the Trustee, at the
Company's expense and on its behalf, and the Trustee agrees, to
promptly make available to the proposed transferee, upon request
of the holder, (i) all statements furnished to Certificateholders
pursuant to this Section 4.05(a) on previous Distribution Dates,
(ii) all certificates furnished to the Trustee pursuant to
Section 4.06 in prior months, (iii) Officer's Certificates
furnished to the Trustee pursuant to Section 3.12 for the two
years preceding such request, (iv) reports of independent
accountants furnished to the Trustee pursuant to Section 3.13 for
the two years preceding such request, (v) a copy of the Private
Placement Memorandum relating to such Certificate, together with
any amendments or supplements thereto issued by the Company
(which copy shall be furnished to the Trustee by the Company),
and (vi) the Company's Current Report on Form 8-K, dated the
Closing Date, relating to the Mortgage Loans; provided, however,
that the Trustee shall in no event be required to make available
such statements or certificates pursuant to clauses (i) and (ii)
above relating to Distribution Dates occurring more than
twenty-four months preceding the month in which such request was
received; provided, further, however, that notwithstanding the
Trustee's agreement as aforesaid to provide such materials to a
proposed transferee, the Trustee does not assume, and shall not
thereby be deemed to have assumed, any responsibility for
compliance by the Company with Rule 144A (subject to the
Trustee's agreement set forth in the second sentence of this
paragraph) and shall be entitled to include a notice with such
statements or certificates to the effect that such materials have
not been prepared or assembled by the Trustee and that the
Trustee assumes no responsibility for the adequacy, sufficiency
or contents thereof. In connection with any such proposed
transfer, the Company shall make available to the proposed
holder, at the request of the related transferor, such additional
information, if any, as may be required to be delivered pursuant
to Rule 144A(d)(4).
Section 4.06. Servicer's Certificate. Each month, not
later than the second Business Day next preceding each
Distribution Date, the Company shall deliver to the Trustee a
completed Servicer's Certificate.
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Section 4.07. Reports of Foreclosures and Abandonments
of Mortgaged Property. The Trustee (or the Company on behalf of
the Trustee) shall, in each year beginning after 1998, make the
reports of foreclosures and abandonments of any Mortgaged
Property as required by section 6050J of the Code. In order to
facilitate this reporting process, the Company, on or before
January 31st of each year, shall provide to the Trustee reports
relating to each instance occurring during the previous calendar
year in which the Company (i) on behalf of the Trustee acquires
an interest in a Mortgaged Property through foreclosure or other
comparable conversion in full or partial satisfaction of a
Mortgage Loan, or (ii) knows or has reason to know that a
Mortgaged Property has been abandoned. Reports from the Company
shall be in form and substance sufficient to meet the reporting
requirements imposed by section 6050J of the Code.
Section 4.08. Reduction of Servicing Compensation;
Simple Interest Shortfall Payments. (a) The aggregate amount of
the Servicing Fees subject to retention by the Company as
servicer in respect of any Distribution Date shall be reduced
(but not below zero), first, by the amount of any Compensating
Interest Payment for such Distribution Date, and second, by the
amount of any Simple Interest Shortfall Payment for such
Distribution Date.
(b) Not later than 11:00 a.m. New York time on the
Business Day prior to each Distribution Date, the Company shall
deposit into the Certificate Account as part of the Available
Funds to be deposited on such date pursuant to Section 3.02(d)
the sum of (i) the Compensating Interest Payment, if any, with
respect to such Distribution Date and (ii) the amount, if any, by
which the Simple Interest Shortfall Payment for such date exceeds
the amount paid by the Servicer pursuant to clause second of
Section 4.08(a); provided, however, that the amount deposited
pursuant to clause (ii) above shall not exceed the aggregate
amount of any Net Simple Interest Excess paid to the Company on
previous Distribution Dates and not previously deposited into the
Certificate Account pursuant to this Section 4.08(b).
ARTICLE V
THE CERTIFICATES
Section 5.01. The Certificates. (a) The Certificates
shall be substantially in the forms set forth in Exhibit A
hereto, as applicable, and shall, on original issue, be executed
by the Trustee, not in its individual capacity but solely as
Trustee, and countersigned and delivered by the Trustee to or
upon the order of the Company as provided in Article II.
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(b) The Certificates shall be issued in an aggregate
Initial Certificate Principal Balance of $154,857,894.46. Such
aggregate original principal balance shall be divided among the
Classes having the designations, Class Certificate Principal
Balances, Certificate Interest Rates and minimum denominations as
follows:
Initial
Class
Certificate Certificate
Principal Interest Minimum
Designation Balance Rate Denominations
- ----------- ---------- ----------- -------------
Class A1 $44,600,000.00 6.525% $ 25,000
Class A2 19,700,000.00 6.260 25,000
Class A3 22,200,000.00 6.330 25,000
Class A4 10,600,000.00 6.440 25,000
Class A5 12,900,000.00 6.530 25,000
Class A6 17,870,000.00 (1) 25,000
Class A7 14,207,000.00 6.465 25,000
Class M 3,872,000.00 (1) 100,000
Class B1 3,485,000.00 (1) 100,000
Class B2 1,549,000.00 (1) 100,000
Class B3 1,549,000.00 (1) 250,000
Class B4 1,162,000.00 (1) 250,000
Class B5 1,162,894.46 (1) 250,000
Class S (2) (2) 12,000,000
Class R1 500.00 0.00 500
Class R2 500.00 0.00 500
- -------------------------
(1) The Certificate Interest Rate of each of the Class M and
Class B Certificates is as set forth in the definition of
"Certificate Interest Rate."
(2) The Class S Certificates are issued with an initial
Notional Principal Balance of $154,857,894.46 and shall
bear interest at the Strip Rate.
(c) The Certificates shall be issuable in registered
form only. The Book-Entry Certificates will be evidenced by one
or more certificates, beneficial ownership of which will be held
in the minimum dollar denominations in Certificate Principal
Balance or Notional Principal Balance, as applicable, specified
in Section 5.01(b), and integral multiples of $1,000 in excess
thereof. The Non-Book-Entry Certificates other than the Residual
Certificates shall each be issued in the minimum dollar
denominations in Certificate Principal Balance or Notional
Principal Balance, as applicable, specified in Section 5.01(b),
and integral multiples of $1,000 (or $1,000,000 in the case of a
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Class of Class S Certificates) in excess thereof (and, if
necessary, in the amount of the remaining Class Certificate
Principal Balance or Notional Principal Balance, as applicable,
of each Class, in the case of one Certificate of such Class).
Each Class of Residual Certificates shall be issued as a single
certificate evidencing the entire Class Certificate Principal
Balance of such Class and having a Percentage Interest of 100%.
If necessary, one Certificate of each Class of Book-Entry
Certificates and Class S Certificates may evidence an additional
amount equal to the remainder of the Class Certificate Principal
Balance (or Notional Principal Balance) of such Class.
(d) The Certificates shall be executed by manual or
facsimile signature on behalf of the Trustee by an authorized
officer under its seal, which may be in facsimile form and be
imprinted or otherwise reproduced thereon. Certificates bearing
the manual or facsimile signatures of individuals who were, at
the time when such signatures were affixed, authorized to sign on
behalf of the Trustee shall bind the Trustee, notwithstanding
that such individuals or any of them have ceased to be so
authorized prior to the authentication and delivery of such
Certificates or did not hold such offices at the date of such
Certificate. No Certificate shall be entitled to any benefit
under this Agreement, or be valid for any purpose, unless such
Certificate shall have been manually countersigned by the Trustee
substantially in the forms set forth in Exhibit A hereto, and
such countersignature upon any Certificate shall be conclusive
evidence, and the only evidence, that such Certificate has been
duly executed and delivered hereunder. All Certificates issued on
the Closing Date shall be dated the Closing Date; all
Certificates issued thereafter shall be dated the date of their
countersignature.
(e) The Strip Rate for each Interest Accrual Period
shall be determined by the Company and included in the Servicer's
Certificate for the related Distribution Date.
Section 5.02. Registration of Transfer and Exchange of
Certificates. (a) The Trustee shall cause to be kept at an office
or agency in the city in which the Corporate Trust Office of the
Trustee is located or in the City of New York, New York 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. The Trustee shall initially
serve as Certificate Registrar for the purpose of registering
Certificates and transfers and exchanges of Certificates as
herein provided.
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Subject to Sections 5.02(b) and 5.02(c), upon
surrender for registration of transfer of any Certificate at the
Corporate Trust Office, the Trustee shall execute, authenticate
and deliver, in the name of the designated transferee or
transferees, one or more new Certificates of the same Class in
authorized denominations of a like Percentage Interest.
At the option of a Certificateholder, Certificates may
be exchanged for other Certificates of authorized denominations
of a like Class and Percentage Interest, upon surrender of the
Certificates to be exchanged at any such office or agency.
Whenever any Certificates are so surrendered for exchange the
Trustee shall execute, countersign and deliver the Certificates
which the Certificateholder making the exchange is entitled to
receive. Every Certificate presented or surrendered for
registration of transfer or exchange shall be accompanied by a
written instrument of transfer in form satisfactory to the
Trustee and the Certificate Registrar duly executed by the Holder
thereof or his attorney duly authorized in writing.
No service charge shall be made for any registration
of 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.
All Certificates surrendered for registration of
transfer and exchange shall be canceled and subsequently
destroyed by the Trustee and a certificate of destruction shall
be delivered by the Trustee to the Company.
(b) No legal or beneficial interest in all or any
portion of the Residual Certificates may be transferred directly
or indirectly to (i) a Disqualified Organization or an agent of a
Disqualified Organization (including a broker, nominee, or
middleman), (ii) an entity that holds REMIC residual securities
as nominee to facilitate the clearance and settlement of such
securities through electronic book-entry changes in accounts of
participating organizations (a "Book-Entry Nominee"), or (iii) an
individual, corporation, partnership or other person unless such
transferee (A) is not a Non-U.S. Person or (B) is a Non-U.S.
Person that holds a Residual Certificate in connection with the
conduct of a trade or business within the United States and has
furnished the transferor and the Trustee with an effective
Internal Revenue Service Form 4224 or (C) is a Non-U.S. Person
that has delivered to both the transferor and the Trustee an
opinion of a nationally recognized tax counsel to the effect that
the transfer of a Residual Certificate to it is in accordance
with the requirements of the Code and the regulations promulgated
thereunder and that such transfer of a Residual Certificate will
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not be disregarded for federal income tax purposes (any such
person who is not covered by clause (A), (B) or (C) above being
referred to herein as a "Non-permitted Foreign Holder"), and any
such purported transfer shall be void and have no effect. The
Trustee shall not execute, and shall not authenticate and
deliver, a Residual Certificate in connection with any transfer
thereof unless the transferor shall have provided to the Trustee
an affidavit, substantially in the form attached as Exhibit F
hereto, signed by the transferee, to the effect that the
transferee is not such a Disqualified Organization, an agent
(including a broker, nominee, or middleman) for any entity as to
which the transferee has not received a substantially similar
affidavit, a Book-Entry Nominee or a Non-permitted Foreign
Holder, which affidavit shall contain the consent of the
transferee to any such amendments of this Agreement as may be
required to further effectuate the foregoing restrictions on
transfer of the Residual Certificates to Disqualified
Organizations, Book-Entry Nominees or Non-permitted Foreign
Holders, and an agreement by the Transferee that it will not
transfer a Residual Certificate without providing to the Trustee
an affidavit substantially in the form attached as Exhibit F
hereto and a letter substantially in the form attached as Exhibit
G hereto. Such affidavit shall also contain the statement of the
transferee that (i) it does not have the intention to impede the
assessment or collection of any federal, state or local taxes
legally required to be paid with respect to the Residual
Certificates and (ii) it understands that it may incur tax
liabilities in excess of cash flows generated by a Residual
Certificate and that it intends to pay taxes associated with
holding a Residual Certificate as they become due.
The affidavit described in the preceding paragraph, if
not executed in connection with the initial issuance of the
Residual Certificates, shall be accompanied by a written
statement in the form attached as Exhibit G hereto, signed by the
transferor, to the effect that as of the time of the transfer,
the transferor has (i) no actual knowledge that the transferee is
a Disqualified Organization, Book-Entry Nominee or Non-permitted
Foreign Holder, (ii) no reason to believe that the transferee has
the intention to impede the assessment or collection of any
federal, state or local taxes legally required to be paid with
respect to a Residual Certificate, and (iii) conducted a
reasonable investigation and found that the transferee had
historically paid its debts as they came due and found no
significant evidence to indicate that the transferee will not
continue to pay its debts as they become due. The Residual
Certificates shall bear a legend referring to the foregoing
restrictions contained in this paragraph and the preceding
paragraph.
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Upon notice to the Company that any legal or
beneficial interest in any portion of the Residual Certificates
has been transferred, directly or indirectly, to a Disqualified
Organization or agent thereof (including a broker, nominee, or
middleman) in contravention of the foregoing restrictions, (i)
such transferee shall be deemed to hold the Residual Certificate
in constructive trust for the last transferor who was not a
Disqualified Organization or agent thereof, and such transferor
shall be restored as the owner of such Residual Certificate as
completely as if such transfer had never occurred, provided that
the Company may, but is not required to, recover any
distributions made to such transferee with respect to the
Residual Certificate and return such recovery to the transferor,
and (ii) the Company agrees to furnish to the Internal Revenue
Service and to any transferor of the Residual Certificate or such
agent (within 60 days of the request therefor by the transferor
or agent) such information necessary to the application of
section 860E(e) of the Code as may be required by the Code,
including but not limited to the present value of the total
anticipated excess inclusions with respect to the Residual
Certificate (or portion thereof) for periods after such transfer.
At the election of the Company, the cost to the Company of
computing and furnishing such information may be charged to the
transferor or such agent referred to above; however, the Company
shall in no event be excused from furnishing such information.
The restrictions on transfers of the Residual
Certificates set forth in the preceding three paragraphs shall
cease to apply to transfers (and the applicable portions of the
legend to the Residual Certificates may be deleted) after
delivery to the Trustee of an Opinion of Counsel to the effect
that the elimination of such restrictions will not cause either
of the Upper Tier REMIC or the Lower Tier REMIC established
hereunder to fail to qualify as a REMIC at any time that the
Certificates are outstanding.
No transfer of a Restricted Certificate shall be made
unless such transfer is made pursuant to an effective
registration statement under the Securities Act of 1933, as
amended (the "Act"), and any applicable state securities laws, in
each case as evidenced by an Officer's Certificate, or is exempt
from the registration requirements of the Act and any applicable
state securities laws. In the event of such registration, any
restrictive legends set forth in the form of the relevant
Restricted Certificate in Exhibit A hereto with respect to the
Act and state securities law restrictions shall be removed by the
Trustee upon request of the Holder thereof and automatically upon
exchange or registration of transfer thereof. As a condition to
any transfer that is to be made in reliance upon an exemption
from the Act and such laws of a Restricted Certificate to any
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person other than a QIB (as certified by the proposed transferee
in the form of assignment attached to the related Certificate),
either (x) the Trustee shall require the transferee to execute an
investment letter in the form substantially as set forth in
Exhibit I hereto or in such other form as may be acceptable to
the Trustee, certifying as to the facts surrounding such
transfer, or (y) in lieu of such investment letter, the Trustee
may accept a written Opinion of Counsel (in form and substance
acceptable to the Trustee) that such proposed transfer may be
made pursuant to an exemption from the Act. As an additional
condition to any transfer of a Restricted Certificate, either (i)
the transferor and the transferee shall complete the form of
assignment attached to the Certificate proposed to be
transferred, or (ii) the Trustee shall have received the
above-referenced Opinion of Counsel. The holder of any Restricted
Certificate desiring to effect the transfer thereof to a person
other than a QIB shall, and hereby agrees to, comply with any
applicable conditions set forth in the preceding two sentences
and indemnify the Trustee and the Company against any liability
that may result if the transfer thereof is not so exempt or is
not made in accordance with such federal and state laws. Such
agreement to so indemnify the Trustee and the Company shall
survive the termination of this Agreement. Notwithstanding the
foregoing, no Opinion of Counsel or investment letter shall be
required upon the original issuance of (i) the Restricted Junior
Certificates to the Initial Purchaser (as defined in the Private
Placement Memorandum) or its nominee and (ii) the Class S
Certificates to the Company or upon any subsequent transfer of a
Class S Certificate by the Company, provided that if any
Restricted Junior Certificates are, at the request of the Initial
Purchaser, registered in the name of its nominee, the Initial
Purchaser shall be deemed to acknowledge and agree with the
Company and the Trustee that no transfer of a beneficial interest
in such Certificates will be made without registering such
Certificates in the name of the transferee, which shall be a
Person other than such nominee. Any opinion or letter required
pursuant to this paragraph shall not be at the expense of the
Trust Fund or the Trustee.
(c) (i) No transfer of an ERISA-Restricted Certificate
in the form of a Definitive Certificate shall be made to any
Person unless the Trustee has received (A) a certificate
(substantially in the form of Exhibit E or such other form as is
acceptable to the Company and the Trustee) from such transferee
to the effect that such transferee (i) is not a Plan or a Person
that is using the assets of a Plan to acquire such ERISA-
Restricted Certificate or (ii) is an insurance company investing
assets of its general account and the exemptions provided by
Section III(a) of Department of Labor Prohibited Transaction
Class Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the
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"Exemptions") apply to the transferee's acquisition and holding
of any ERISA-Restricted Certificate or (B) an opinion of counsel
satisfactory to the Trustee and the Company to the effect that
the purchase and holding of such a Certificate will not
constitute or result in the assets of the Trust Fund being deemed
to be "plan assets" subject to the prohibited transactions
provisions of ERISA or Section 4975 of the Code and will not
subject the Trustee or the Company to any obligation in addition
to those undertaken in the Agreement; provided, however, that the
Trustee will not require such certificate or opinion in the event
that, as a result of a change of law or otherwise, counsel
satisfactory to the Trustee has rendered an opinion to the effect
that the purchase and holding of an ERISA-Restricted Certificate
by a Plan or a Person that is purchasing or holding such a
Certificate with the assets of a Plan will not constitute or
result in a prohibited transaction under ERISA or Section 4975 of
the Code. The preparation and delivery of the certificate and
opinions referred to above shall not be an expense of the Trust
Fund, the Trustee or the Company. Notwithstanding the foregoing,
no opinion or certificate shall be required for the initial
issuance of the ERISA-Restricted Certificates.
(ii) No transfer of a Residual Certificate shall be
made to any Person unless the Trustee has received a
certification (substantially in the form of paragraph 4 of
Exhibit F) from such transferee to the effect that, among other
things, such transferee is not a Plan or a Person that is using
the assets of a Plan to acquire any such Certificate. The
preparation and delivery of such certificate shall not be an
expense of the Trust Fund, the Trustee or the Company.
(d) Subject to Section 8.01(i) hereof, the Trustee may
conclusively rely upon any certificate, affidavit or opinion
delivered pursuant to Section 5.02(b) or (c). Any certificate or
affidavit required to be delivered by a transferee under this
Section 5.02 may be executed and delivered in the name of such
transferee by its attorney-in-fact duly authorized in writing in
form and substance satisfactory to the Trustee.
(e) Except as to any additional Certificate of any
Class of Book-Entry Certificates held in physical certificated
form pursuant to Section 5.02(g) or any Restricted Junior
Certificate of any Class of Book-Entry Certificates that is
transferred to an entity other than a QIB, the Book-Entry
Certificates shall, subject to Section 5.02(f), at all times
remain registered in the name of the Depository or its nominee
and at all times: (i) registration thereof may not be transferred
by the Trustee except to another Depository; (ii) the Depository
shall maintain book-entry records with respect to the Certificate
Owners and with respect to ownership and transfers of
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such Certificates; (iii) ownership and transfers of registration
of the Certificates issued in book-entry form on the books of the
Depository shall be governed by applicable rules established by
the Depository and the rights of Certificate Owners with respect
to Book-Entry Certificates shall be governed by applicable law
and agreements between such Certificate Owners and the
Depository, Depository Participants, and indirect participating
firms; (iv) the Depository may collect its usual and customary
fees, charges and expenses from its Depository Participants; (v)
the Trustee shall deal with the Depository, Depository
Participants and indirect participating firms as authorized
representatives of the Certificate Owners of the Certificates
issued in book-entry form for all purposes including the making
of payments due on the Book-Entry Certificates and exercising the
rights of Holders under this Agreement, and requests and
directions for and votes of such representatives shall not be
deemed to be inconsistent if they are made with respect to
different Certificate Owners; (vi) the Trustee may rely and shall
be fully protected in relying upon information furnished by the
Depository with respect to its Depository Participants and
furnished by the Depository Participants with respect to indirect
participating firms and persons shown on the books of such
indirect participating firms as direct or indirect Certificate
Owners; (vii) Certificate Owners shall not be entitled to
certificates for the Book-Entry Certificates and (viii) the
Trustee may establish a reasonable record date in connection with
solicitations of consents from or voting by Certificateholders
and give notice to the Depository of such record date.
All transfers by Certificate Owners of 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 only transfer 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. Except as
provided herein, the Trustee shall have no duty to monitor or
restrict the transfer of Certificates or interests therein, and
shall have no liability for any transfer, including any transfer
made through the book-entry facilities of the Depository or
between or among Depository Participants or Certificate Owners,
made in violation of applicable restrictions set forth herein,
except in the event of the failure of the Trustee to perform its
duties and fulfill its obligations under this Agreement.
(f) If (x)(i) the Company or the Depository advises
the Trustee in writing that the Depository is no longer willing,
qualified or able to properly discharge its responsibilities as
Depository, and (ii) the Trustee or the Company is unable to
locate a qualified successor, (y) the Company at its option
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advises the Trustee in writing that it elects to terminate the
book-entry system through the Depository or (z) after the
occurrence of an Event of Default, Certificate Owners
representing not less than 51% of the aggregate Voting Rights
allocated to the Book-Entry Certificates together advise the
Trustee and the Depository through the Depository Participants in
writing that the continuation of a book-entry system through the
Depository is no longer in the best interests of the Certificate
Owners, 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 such
Certificates by the Depository, accompanied by registration
instructions from the Depository for registration, the Trustee
shall issue the Definitive Certificates. Neither the Company nor
the Trustee shall be liable for any delay in delivery of such
instructions and may conclusively rely on, and shall be protected
in relying on, such instructions. Upon the issuance of Definitive
Certificates all references herein to obligations imposed upon or
to be performed by the Depository shall be deemed to be imposed
upon and performed by the Trustee, to the extent applicable with
respect to such Definitive Certificates and the Trustee shall
recognize the Holders of the Definitive Certificates as
Certificateholders hereunder.
(g) On or prior to the Closing Date, there shall be
delivered to the Depository (or to The First National Bank of
Chicago, acting as custodian for the Depository pursuant to the
Depository's procedures) one certificate for each Class of Book-
Entry Certificates registered in the name of the Depository's
nominee, Cede & Co. The face amount of each such Certificate
shall represent 100% of the initial Class Certificate Principal
Balance thereof, except for such amount that does not constitute
an acceptable denomination to the Depository. An additional
Certificate of each Class of Book-Entry Certificates may be
issued evidencing such remainder and, if so issued, will be held
in physical certificated form by the Holders thereof. Each
Certificate issued in book-entry form shall bear the following
legend:
"Unless this Certificate is presented by an authorized
representative of The Depository Trust Company, a New York
corporation ("DTC"), to Issuer or its agent for registration of
transfer, exchange, or payment, and any certificate issued is
registered in the name of Cede & Co. or in such other name as
requested by an authorized representative of DTC (and any payment
is made to Cede & Co. or to such other entity as is requested by
an authorized representative of DTC), ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
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PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede
& Co., has an interest herein."
Section 5.03. Mutilated, Destroyed, Lost or Stolen
Certificates. If (a) any mutilated Certificate is surrendered to
the Certificate Registrar, or the Certificate Registrar receives
evidence to its satisfaction of the destruction, loss or theft of
any Certificate and (b) there is delivered to the Company, the
Certificate Registrar and the Trustee such security or indemnity
as may be required by them to save each of them harmless, then,
in the absence of notice to the Certificate Registrar or the
Trustee that such Certificate has been acquired by a bona fide
purchaser, the Trustee shall execute, countersign and deliver, in
exchange for or in lieu of any such mutilated, destroyed, lost or
stolen Certificate, a new Certificate of like tenor, Class and
Percentage Interest. In connection with the issuance of any new
Certificate under this Section 5.03, 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 and the Certificate Registrar) connected therewith. Any
duplicate Certificate issued pursuant to this Section 5.03 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. Prior to due
presentation of a Certificate for registration of transfer, the
Company, the Trustee, the Certificate Registrar and any agent of
the Company, the Trustee or the Certificate Registrar 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 Company, the Trustee, the Certificate
Registrar nor any agent of the Company, the Trustee or the
Certificate Registrar shall be affected by any notice to the
contrary.
Section 5.05. Access to List of Certificateholders'
Names and Addresses. The Certificate Registrar will furnish or
cause to be furnished to the Company, within 15 days after
receipt by the Certificate Registrar of request therefor from the
Company in writing, a list, in such form as the Company may
reasonably require, of the names and addresses of the
Certificateholders as of the most recent Record Date for payment
of distributions to Certificateholders. If three or more
Certificateholders (hereinafter referred to as "applicants")
apply in writing to the Trustee, and such application states that
the applicants desire to communicate with other
Certificateholders with respect to their rights under this
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Agreement or under the Certificates and is accompanied by a copy
of the communication which such applicants propose to transmit,
then the Trustee shall, within five Business Days after the
receipt of such application, afford such applicants access during
normal business hours to the most recent list of
Certificateholders held by the Trustee. If such list is as of a
date more than 90 days prior to the date of receipt of such
applicants' request, the Trustee shall promptly request from the
Certificate Registrar a current list as provided above, and shall
afford such applicants access to such list promptly upon receipt.
Every Certificateholder, by receiving and holding a Certificate,
agrees with the Certificate Registrar and the Trustee that
neither the Certificate Registrar nor the Trustee shall be held
accountable by reason of the disclosure of any such information
as to the names and addresses of the Certificateholders
hereunder, regardless of the source from which such information
was derived.
Section 5.06. Representation of Certain
Certificateholders. The fiduciary of any Plan which becomes a
Holder of a Certificate, by virtue of its acceptance of such
Certificate, will be deemed to have represented and warranted to
the Trustee and the Company that such Plan is an "accredited
investor" as defined in Rule 501(a)(1) of Regulation D
promulgated by the Securities and Exchange Commission under the
Securities Act of 1933.
ARTICLE VI
THE COMPANY
Section 6.01. Liability of the Company. The Company
shall be liable in accordance herewith only to the extent of the
obligations specifically imposed upon and undertaken by the
Company herein.
Section 6.02. Merger or Consolidation of, or
Assumption of the Obligations of, the Company. Any corporation
into which the Company may be merged or consolidated, or any
corporation resulting from any merger, conversion or
consolidation to which the Company shall be a party, or any
corporation succeeding to the business of the Company, or any
corporation, more than 50% of the voting stock of which is,
directly or indirectly, owned by General Electric Company, or any
limited partnership, the sole general partner of which is either
the Company or a corporation, more than 50% of the voting stock
of which is owned, directly or indirectly, by General Electric
Company, which executes an agreement of assumption to perform
every obligation of the Company hereunder, shall be the successor
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of the Company hereunder, without the execution or filing of any
paper or any further act on the part of any of the parties
hereto, anything herein to the contrary notwithstanding.
Section 6.03. Assignment. The Company may assign its
rights and delegate its duties and obligations as servicer under
this Agreement; provided, that (i) the purchaser or transferee
accepting such assignment or delegation is qualified to service
mortgage loans for FNMA or FHLMC, is reasonably satisfactory to
the Trustee and executes and delivers to the Trustee an
agreement, in form and substance reasonably satisfactory to the
Trustee, which contains an assumption by such purchaser or
transferee of the due and punctual performance and observance of
each covenant and condition to be performed or observed by the
Company as servicer hereunder from and after the date of such
agreement and (ii) each Rating Agency's rating of any Classes of
Certificates in effect immediately prior to such assignment or
delegation would not be qualified, downgraded or withdrawn as a
result thereof. In the case of any such assignment or delegation,
the Company will be released from its obligations as servicer
hereunder except for liabilities and obligations as servicer
incurred prior to such assignment or delegation.
Section 6.04. Limitation on Liability of the Company
and Others. Neither the Company nor any of the directors or
officers or employees or agents of the Company 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 by
the Company pursuant to this Agreement, or for errors in
judgment; provided, however, that this provision shall not
protect the Company 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 of the Company or by reason of reckless disregard of
obligations and duties of the Company hereunder. The Company and
any director or officer or employee or agent of the Company 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 Company and any director or
officer or employee or agent of the Company shall be indemnified
by the Trust Fund and held harmless against any loss, liability
or expense incurred in connection with any legal action relating
to this Agreement or the Certificates, other than any loss,
liability or expense related to any specific Mortgage Loan or
Mortgage Loans (except as any such loss, liability or expense
shall be otherwise reimbursable pursuant to this Agreement) and
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. The Company shall be under no
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obligation to appear in, prosecute or defend any legal action
which is not incidental to its duties to service the Mortgage
Loans in accordance with this Agreement and which in its opinion
may involve it in any expense or liability; provided, however,
that the Company may in its sole discretion undertake any such
action which it may deem necessary or desirable in respect of
this Agreement, and the rights and duties of the parties hereto
and the interests of the Certificateholders hereunder. In such
event, the legal expenses and costs of such action and any
liability resulting therefrom shall be expenses, costs and
liabilities of the Trust Fund and the Company shall be entitled
to be reimbursed therefor from amounts credited to the Mortgage
Loan Payment Record as provided by Section 3.04.
Section 6.05. The Company Not to Resign. Subject to
the provisions of Sections 6.02 and 6.03, the Company shall not
resign from the obligations and duties hereby imposed on it
except upon determination that the performance of its duties
hereunder is no longer permissible under applicable law. Any such
determination permitting the resignation of the Company shall be
evidenced by an Opinion of Counsel to such effect delivered to
the Trustee. No such resignation shall become effective until the
Trustee or a successor servicer shall have assumed the
responsibilities and obligations of the Company in accordance
with Section 7.02.
ARTICLE VII
DEFAULT
Section 7.01. Events of Default. If any one of the
following events ("Events of Default") shall occur and be
continuing:
(i) Any failure by the Company to make any payment to
the Trustee of funds pursuant to Section 3.02(d) out of
which distributions to Certificateholders of any Class are
required to be made under the terms of the Certificates and
this Agreement which failure continues unremedied for a
period of three Business Days after the date upon which
written notice of such failure shall have been given to the
Company by the Trustee or to the Company and the Trustee by
Holders of Certificates of each Class affected thereby
evidencing, as to each such Class, Percentage Interests
aggregating not less than 25%; or
(ii) Failure on the part of the Company duly to observe
or perform in any material respect any other covenants or
agreements of the Company set forth in the Certificates or
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in this Agreement, which covenants and agreements (A)
materially affect the rights of Certificateholders and (B)
continue unremedied for a period of 60 days after the date
on which written notice of such failure (stating that such
notice is a "notice of default" hereunder), requiring the
same to be remedied, shall have been given to the Company
by the Trustee, or to the Company and the Trustee by the
Holders of Certificates of each Class affected thereby
evidencing, as to each such Class, Percentage Interests
aggregating not less than 25%; or
(iii) The entry of a decree or order by a court or
agency or supervisory authority having jurisdiction in the
premises for the appointment of a conservator, receiver or
liquidator in any insolvency, readjustment of debt,
marshalling of assets and liabilities or similar
proceedings of or relating to the Company, or for the
winding up or liquidation of the Company's affairs, and the
continuance of any such decree or order unstayed and in
effect for a period of 60 consecutive days; or
(iv) The consent by the Company to the appointment of a
conservator or receiver or liquidator in any insolvency,
readjustment of debt, marshalling of assets and liabilities
or similar proceedings of or relating to the Company or of
or relating to substantially all of its property; or the
Company shall admit in writing its inability to pay its
debts generally as they become due, file a petition to take
advantage of any applicable insolvency or reorganization
statute, make an assignment for the benefit of its
creditors, or voluntarily suspend payment of its
obligations; or
(v) Any failure on the part of the Company to deposit
into the Certificate Account any Monthly Advance required
to be made pursuant to this Agreement by 12:00 noon New
York time on the related Distribution Date;
then, and in each and every such case, so long as an Event of
Default shall not have been remedied by the Company, either the
Trustee, or the Holders of Certificates of each Class affected
thereby evidencing, as to each such Class, Percentage Interests
aggregating not less than 51%, by notice then given in writing to
the Company (and to the Trustee if given by the
Certificateholders) may terminate all of the rights and
obligations of the Company as servicer under this Agreement. On
or after the receipt by the Company of such written notice, all
authority and power of the Company under this Agreement, whether
with respect to the Certificates or the Mortgage Loans or
otherwise, shall pass to and be vested in the Trustee pursuant to
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and under this Section 7.01; and, without limitation, the Trustee
is hereby authorized and empowered to execute and deliver, on
behalf of the Company, 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 of the Mortgage Loans and related
documents, or otherwise, including, without limitation, the
recordation of the assignments of the Mortgage Loans to it. The
Company agrees to cooperate with the Trustee in effecting the
termination of the responsibilities and rights of the Company
hereunder, including, without limitation, the transfer to the
Trustee for the administration by it of all cash amounts that
shall at the time be held by the Company and that have been or
should have been credited by it to the Mortgage Loan Payment
Record, or that have been deposited by the Company in the
Certificate Account or are thereafter received by the Company
with respect to the Mortgage Loans. In addition to any other
amounts which are then, or, notwithstanding the termination of
its activities as servicer, may become, payable to the Company
under this Agreement, the Company shall be entitled to receive
out of any delinquent payment on account of interest on a
Mortgage Loan, due during the period prior to the notice pursuant
to this Section 7.01 which terminates the obligation and rights
of the Company hereunder and received after such notice, that
portion of such payment which it would have been entitled to
retain pursuant to Section 3.04(vi) if such notice had not been
given.
Section 7.02. Trustee to Act; Appointment of
Successor. (a) On and after the time the Company receives a
notice of termination pursuant to Section 7.01, the Trustee shall
be the successor in all respects to the Company in its capacity
as servicer under this Agreement and the transactions set forth
or provided for herein and shall succeed to all the rights of and
be subject to all the responsibilities, duties and liabilities
relating thereto placed on the Company in its capacity as
servicer by the terms and provisions hereof; provided, however,
that the responsibilities and duties of the Company pursuant to
Sections 2.02 and 2.03(a), and, if the Trustee is prohibited by
law or regulation from making Monthly Advances, the
responsibility to make Monthly Advances pursuant to Section 4.04,
shall not be the responsibilities, duties or obligations of the
Trustee; and provided further, that any failure of the Trustee to
perform such duties and responsibilities that is caused by the
Company's failure to cooperate with the Trustee as required by
Section 7.01 shall not be considered a default by the Trustee
hereunder. As compensation therefor, the Trustee shall, except as
provided in Section 7.01, be entitled to such compensation as the
Company would have been entitled to hereunder if no such
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notice of termination had been given. Notwithstanding the above,
the Trustee may, if it shall be unwilling so to act, or shall, if
it is legally unable so to act, appoint, or petition a court of
competent jurisdiction to appoint, any established housing and
home finance institution approved to service mortgage loans for
either FNMA or FHLMC, having a net worth of not less than
$10,000,000, as the successor to the Company hereunder in the
assumption of all or any part of the responsibilities, duties or
liabilities of the Company hereunder. Pending appointment of a
successor to the Company pursuant to this Article VII, unless the
Trustee is prohibited by law from so acting, the Trustee shall
act in such capacity as hereinabove 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 Company hereunder. The Trustee and such
successor shall take such action, consistent with this Agreement,
as shall be necessary to effectuate any such succession. The
Trustee may delegate any obligation in its capacity as successor
to the Company as servicer to an agent or an affiliate.
(b) Any successor, including the Trustee, to the
Company as servicer pursuant to this Article VII shall during the
term of its service as servicer maintain in force (i) a policy or
policies of insurance covering errors and omissions in the
performance of its obligations as servicer hereunder, and (ii) a
fidelity bond in respect of its officers, employees and agents to
the same extent as the Company is so required pursuant to Section
3.15.
Section 7.03. Notification to Certificateholders. Upon
any termination or appointment of a successor to the Company
pursuant to this Article VII, the Trustee shall give prompt
written notice thereof to Certificateholders at their respective
addresses appearing in the Certificate Register.
ARTICLE VIII
THE TRUSTEE
Section 8.01. Duties of Trustee. The Trustee, prior to
the occurrence of an Event of Default and after the curing 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 has occurred (which has
not been cured), 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
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person would exercise or use under the circumstances in the
conduct of his or her own affairs. If the Trustee is acting as
successor to the Company in its capacity as servicer, the Trustee
shall use the same degree of care and skill in such capacity as
the Company is required to use pursuant to this Agreement.
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 to determine whether they conform
to the requirements of 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 misconduct; provided,
however, that:
(i) Prior to the occurrence of an Event of Default,
and after the curing 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 computations and
opinions expressed therein, upon any certificates or
opinions furnished to the Trustee and conforming to the
requirements of this Agreement;
(ii) The Trustee shall not be personally liable for an
error of judgment made in good faith by a Responsible
Officer of the Trustee, unless it shall be proved that the
Trustee was negligent in performing its duties in
accordance with the terms of this Agreement;
(iii) The Trustee shall not be personally liable with
respect to any action taken, suffered or omitted to be
taken by it in good faith in accordance with the direction
of the Holders of Certificates of each Class affected
thereby evidencing, as to each such Class, Percentage
Interests aggregating not less than 25%, 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; and
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(iv) The Trustee shall not be charged with knowledge of
(A) any failure by the Company to comply with the
obligations of the Company referred to in clauses (i) and
(ii) of Section 7.01, (B) the rating downgrade referred to
in the definition of "Trigger Event" or (C) any failure by
the Company to comply with the obligations of the Company
to record the assignments of Mortgages referred to in
Section 2.01 unless a Responsible Officer of the Trustee at
the Corporate Trust Office obtains actual knowledge of such
failures, occurrence or downgrade or the Trustee receives
written notice of such failures, occurrence or downgrade
from the Company or the Holders of Certificates of each
Class affected thereby evidencing, as to each such Class,
Percentage Interests aggregating not less than 25%.
Subject to any obligation of the Trustee as successor
servicer hereunder to make Monthly Advances as provided herein,
the Trustee shall not be required to expend or risk its own funds
or otherwise incur financial liability in the performance of any
of its duties hereunder, or in the exercise of any of its rights
or powers, if there is reasonable ground for believing that the
repayment of such funds or adequate indemnity against such risk
or liability is not reasonably assured to it, and none of the
provisions contained in this Agreement shall in any event require
the Trustee to perform, or be responsible for the manner of
performance of, any of the obligations of the Company under this
Agreement, except during such time, if any, as the Trustee shall
be the successor to, and be vested with the rights, duties,
powers and privileges of, the Company in accordance with the
terms of this Agreement. Nothing in this Agreement shall be
construed to impose any obligation of the Company in its capacity
as seller upon the Trustee.
Section 8.02. Certain Matters Affecting the Trustee.
Except as otherwise provided in Section 8.01:
(i) The Trustee may conclusively rely and shall be
protected in acting or refraining from acting upon any
resolution, Officer's Certificate, Servicer's Certificate,
certificate of auditors or any other certificate,
statement, instrument, opinion, report, notice, request,
consent, order, appraisal, bond or other paper or document
believed by it to be genuine and to have been signed or
presented by the proper party or parties;
(ii) The Trustee may consult with counsel and any
written advice of such counsel or any Opinion of Counsel
shall be full and complete authorization and protection in
respect of any action taken or suffered or omitted by it
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hereunder in good faith and in accordance with such advice
or Opinion of Counsel;
(iii) The Trustee shall be under no obligation to
exercise any of the rights or powers vested in it by 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 shall have offered to the Trustee
reasonable security or indemnity against the costs,
expenses and liabilities which may be incurred therein or
thereby; nothing contained herein shall, however, relieve
the Trustee of the obligations, upon the occurrence of an
Event of Default (which has not been 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 person would exercise or use
under the circumstances in the conduct of his or her own
affairs;
(iv) The Trustee shall not be personally 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;
(v) Prior to the occurrence of an Event of Default and
after the curing 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 documents, unless requested in writing so to
do by Holders of Certificates of each Class affected
thereby evidencing, as to each such Class, Percentage
Interests aggregating not less than 25%; provided, however,
that if the payment within a reasonable time to the Trustee
of the costs, expenses or liabilities likely to be incurred
by it in the making of such investigation is, in the
opinion of the Trustee, not reasonably assured to the
Trustee by the security afforded to it by the terms of this
Agreement, the Trustee may require reasonable indemnity
against such cost, expense or liability as a condition to
such proceeding. The reasonable expense of every such
investigation shall be paid by the Company or, if paid by
the Trustee, shall be reimbursed by the Company upon
demand. Nothing in this clause (v) shall derogate from the
obligation of the Company to observe any applicable law
prohibiting disclosure of information regarding the
Mortgagors; and
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(vi) The Trustee may execute any of the trusts or
powers hereunder or perform any duties hereunder either
directly or by or through agents or attorneys or a
custodian.
Section 8.03. Trustee Not Liable for Certificates or
Mortgage Loans. The recitals contained herein and in the
Certificates (other than the signature and countersignature of
the Trustee on the Certificates) shall be taken as the statements
of the Company, and the Trustee assumes no responsibility for the
correctness of the same. The Trustee makes no representations as
to the validity or sufficiency of this Agreement or of the
Certificates (other than the signature and countersignature of
the Trustee on the Certificates) or of any Mortgage Loan or
related document. The Trustee shall not be accountable for the
use or application by the Company of any of the Certificates or
of the proceeds of such Certificates, or for the use or
application of any funds paid to the Company in respect of the
Mortgage Loans or deposited in or withdrawn from the Certificate
Account by the Company.
Section 8.04. Trustee May Own Certificates. The
Trustee in its individual or any other capacity may become the
owner or pledgee of Certificates and may transact business with
the Company, GECC and their respective affiliates with the same
rights as it would have if it were not Trustee.
Section 8.05. The Company to Pay Trustee's Fees and
Expenses. The Company covenants and agrees to pay to the Trustee
from time to time, and the Trustee shall be entitled to,
reasonable compensation (which shall not be limited by any
provision of law in regard to the compensation of a trustee of an
express trust) 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 of the Trustee, and the
Company will pay or reimburse the Trustee upon its request for
all reasonable expenses, disbursements and advances (including
any Monthly Advances of the Trustee not previously reimbursed
thereto pursuant to Section 3.04) incurred or made by the Trustee
in accordance with any of the provisions of this Agreement
(including the reasonable compensation and the expenses and
disbursements of its counsel and of all persons not regularly in
its employ) except any such expense, disbursement or advance as
may arise from its negligence or bad faith or which is the
responsibility of Certificateholders hereunder. In addition, the
Company covenants and agrees to indemnify the Trustee from, and
hold it harmless against, any and all losses, liabilities,
damages, claims or expenses other than those resulting from the
negligence or bad faith of the Trustee. From time to time, the
Trustee may request that the Company debit the Mortgage Loan
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Payment Record pursuant to Section 3.04 to reimburse the Trustee
for any Monthly Advances and Nonrecoverable Advances.
Section 8.06. Eligibility Requirements for Trustee.
The Trustee hereunder shall at all times be a national banking
association or corporation having its principal office either in
the State of New York or in the same state as that in which the
initial Trustee under this Agreement has its principal office and
organized and doing business under the laws of such State or the
United States of America, 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. 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 8.06, 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. The Trustee shall not be an
affiliate of the Company. In case at any time the Trustee shall
cease to be eligible in accordance with the provisions of this
Section 8.06, the Trustee shall resign immediately in the manner
and with the effect specified in Section 8.07.
Section 8.07. Resignation or Removal of Trustee. The
Trustee may at any time resign and be discharged from the trusts
hereby created by giving written notice thereof to the Company.
Upon receiving such notice of resignation, the Company shall
promptly appoint a successor Trustee by written instrument, in
duplicate, one copy of which instrument shall be delivered to the
resigning Trustee and one copy to the successor Trustee. If no
successor Trustee shall have been so appointed and having
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.
If the conditions in any of the following clauses (i),
(ii) or (iii) shall occur at any time, the Company may remove the
Trustee: (i) 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 Company; (ii) the Trustee
shall be legally unable to act, or shall be adjudged a 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; or (iii)
the replacement of the Trustee with a successor Trustee will
enable the Company to avoid (and should, based on the information
included in the notice referred to below, result in
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the avoidance of) a downgrading of the ratings assigned to the
Certificates by the Rating Agencies (whether or not other actions
could avoid such downgrading) and no Event of Default, as
provided by Section 7.01 hereof, shall have occurred or be
continuing; provided, however, that no action shall be taken
pursuant to this clause (iii) unless reasonable notice shall have
been provided to the Trustee, which notice shall set forth the
basis for any rating downgrade as contemplated by the Rating
Agencies and shall also indicate the manner in which such
proposed action is intended to avoid such downgrade. If it
removes the Trustee under the authority of the immediately
preceding sentence, the Company shall promptly appoint a
successor trustee by written instrument, in duplicate, one copy
of which instrument shall be delivered to the Trustee so removed
and one copy to the successor trustee.
Any resignation or removal of the Trustee and
appointment of a successor Trustee pursuant to any of the
provisions of this Section 8.07 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 Company and to its predecessor Trustee 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 like effect as if originally named as Trustee.
The predecessor Trustee shall deliver to the successor Trustee
all Mortgage Files and related documents and statements held by
it hereunder; and the Company and the predecessor Trustee shall
execute and deliver such instruments and do such other things as
may reasonably be required for 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 8.08 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 a successor Trustee
as provided in this Section 8.08, the Company 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 Company fails to mail such notice within 10 days
after acceptance of appointment by the successor Trustee,
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the successor Trustee shall cause such notice to be mailed at the
expense of the Company.
Section 8.09. Merger or Consolidation of Trustee. Any
corporation into which the Trustee may be merged or converted or
with which it may be consolidated, or any corporation resulting
from any merger, conversion or consolidation to which the Trustee
shall be a party, or any corporation succeeding to the corporate
trust business of the Trustee, shall be the successor of the
Trustee hereunder, provided that such corporation 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 of this Agreement,
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 any Mortgage Note may at the time be located, the
Company 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, of all or any part of the
Trust Fund, or separate trustee or separate trustees of any part
of the Trust Fund, and to vest in such Person or Persons, in such
capacity and for the benefit of the Certificateholders, 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 Company and the Trustee may
consider necessary or desirable. If the Company 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. No co-trustee or separate trustee
hereunder shall be required to meet the terms of eligibility as a
successor trustee under Section 8.06 and no notice to
Certificateholders of the appointment of any co-trustee or
separate trustee shall be required under Section 8.08.
Every separate trustee and co-trustee shall, to the
extent permitted by law, be appointed and act subject to the
following provisions and conditions:
(i) All rights, powers, duties and obligations
conferred or imposed upon the Trustee shall be conferred or
imposed upon and exercised or performed by the Trustee and
such separate trustee or co-trustee jointly (it being
understood that such separate trustee or co-trustee is not
authorized to act separately without the Trustee joining in
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such act), 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 Company 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
singly by such separate trustee or co-trustee, but solely
at the direction of the Trustee;
(ii) No trustee hereunder shall be held personally
liable by reason of any act or omission of any other
trustee hereunder; and
(iii) The Company and the Trustee acting jointly may at
any time accept the resignation of or remove any separate
trustee or co-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 and a copy thereof given to the Company.
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.
Section 8.11. Compliance with REMIC Provisions; Tax
Returns. The Trustee shall at all times act in such a manner in
the performance of its duties hereunder as shall be necessary to
prevent each of the Upper Tier REMIC and the Lower Tier REMIC
from failing to qualify as a REMIC and to prevent the imposition
of a tax on the Trust Fund or such REMICs. The Trustee, upon
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request, will furnish the Company with all such information
within its possession as may be reasonably required in connection
with the preparation of all tax returns of the Trust Fund and any
Reserve Fund, and shall, upon request, execute such returns.
ARTICLE IX
TERMINATION
Section 9.01. Termination upon Repurchase by the
Company or Liquidation of All Mortgage Loans. Subject to Section
9.02, the respective obligations and responsibilities of the
Company and the Trustee created hereby (other than the obligation
of the Trustee to make certain payments to Certificateholders
after the final Distribution Date and the obligation of the
Trustee to send certain notices as hereinafter set forth) shall
terminate upon the last action required to be taken by the
Trustee on the final Distribution Date pursuant to this Article
IX following the earlier of (a) the repurchase by the Company of
all Mortgage Loans and all REO Mortgage Loans remaining in the
Trust Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than any REO
Mortgage Loans described in the following clause) plus accrued
and unpaid interest thereon at the applicable Net Mortgage Rate
(less any amounts constituting previously unreimbursed Monthly
Advances) to the first day of the month in which such purchase
price is to be distributed to Certificateholders and (y) the
appraised value of any REO Mortgage Loan (less the good faith
estimate of the Company of Liquidation Expenses to be incurred in
connection with its disposal thereof), such appraisal to be
conducted by an appraiser mutually agreed upon by the Company and
the Trustee, and (b) the later of the final payment or other
liquidation (or any Monthly Advance with respect thereto) of the
last Mortgage Loan remaining in the Trust Fund or the disposition
of all property acquired upon foreclosure or by deed in lieu of
foreclosure of any Mortgage Loan; provided, however, that in no
event shall the Trust Fund created hereby continue beyond the
expiration of 21 years from the death of the last survivor of the
descendants of Joseph P. Kennedy, the late ambassador of the
United States of America to the Court of St. James's, living on
the date of this Agreement. The right of the Company to
repurchase all Mortgage Loans pursuant to clause (a) above shall
be conditioned upon the aggregate of the Principal Balance of the
Outstanding Mortgage Loans, at the time of any such repurchase,
aggregating less than 10 percent of the aggregate of the
Principal Balance of the Mortgage Loans as of the Cut-off Date.
Notice of any termination, specifying the Distribution
Date upon which the Certificateholders may surrender their
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Certificates to the Trustee for payment of the final distribution
and cancellation, shall be given promptly by the Trustee by
letter to Certificateholders mailed not earlier than the 15th day
and not later than the 25th day of the month next preceding the
month of such final distribution specifying (A) the Distribution
Date upon which final payment of the Certificates will be made
upon presentation and surrender of the Certificates at the office
of the Trustee therein designated, (B) the amount of any such
final payment and (C) that the Record Date otherwise applicable
to such Distribution Date is not applicable, payments being made
only upon presentation and surrender of the Certificates at the
office of the Trustee therein specified. The Trustee shall give
such notice to the Certificate Registrar at the time such notice
is given to Certificateholders. In the event such notice is given
in connection with the exercise by the Company of its right of
repurchase, the Company shall deposit in the Certificate Account
not later than 11:00 a.m. on the Business Day prior to the final
Distribution Date in next-day funds an amount equal to the price
described above. Upon presentation and surrender of the
Certificates, the Trustee shall cause to be distributed to
Certificateholders an amount equal to the price calculated as
above provided, any such repurchase being in lieu of the
distribution otherwise required to be made on the Distribution
Date upon which the repurchase is effected. Upon certification to
the Trustee by a Servicing Officer following such final deposit,
the Trustee shall promptly release to the Company the Mortgage
Files for the repurchased Mortgage Loans.
On the final Distribution Date, the Trustee shall
distribute amounts on deposit in the Certificate Account in
accordance with the applicable priorities provided by Section
4.01 or Section 2.05(d), as the case may be. Distributions on
each Certificate shall be made on the final Distribution Date in
the manner specified in Section 4.02 but only upon presentation
and surrender of the Certificates.
In the event that all of the Certificateholders shall
not surrender their Certificates for cancellation within six
months after the date specified in the above-mentioned written
notice, the Trustee shall give a second written notice to the
remaining Certificateholders to surrender their Certificates for
cancellation and receive the final distribution with respect
thereto. If within one year after the second notice all the
Certificates shall not have been surrendered for cancellation,
the Trustee may take appropriate steps, or may appoint an agent
to take appropriate steps, to contact the remaining
Certificateholders concerning surrender of their Certificates,
and the cost thereof shall be paid out of the funds and other
assets which remain subject hereto.
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Section 9.02. Additional Termination Requirements. (a)
In the event the Company exercises its purchase option as
provided in Section 9.01, the Trust Fund and each of the Upper
Tier REMIC and the Lower Tier REMIC established hereunder shall
be terminated in accordance with the following additional
requirements, unless the Trustee has been supplied with an
Opinion of Counsel to the effect that the failure to comply with
the requirements of this Section 9.02 will not (i) result in the
imposition of taxes on "prohibited transactions" of either of the
Upper Tier REMIC or the Lower Tier REMIC as defined in section
860F of the Code, or (ii) cause either of the Upper Tier REMIC or
the Lower Tier REMIC to fail to qualify as a REMIC at any time
that any Certificates are outstanding:
(i) Within 90 days prior to the final Distribution
Date set forth in the notice given by the Trustee under
Section 9.01, the Company shall prepare and the Trustee
shall execute and adopt a plan of complete liquidation for
either the Upper Tier REMIC or the Lower Tier REMIC within
the meaning of section 860F(a)(4)(A)(i) of the Code, which
shall be evidenced by such notice; and
(ii) Within 90 days after the time of adoption of such
a plan of complete liquidation, the Trustee shall sell all
of the assets of the Trust Fund to the Company for cash in
accordance with Section 9.01.
(b) By their acceptance of the Residual Certificates,
the Holders thereof hereby authorize the Trustee to adopt such a
plan of complete liquidation which authorization shall be binding
on all successor Holders of the Residual Certificates.
(c) On the final federal income tax return for each of
the Upper Tier REMIC and the Lower Tier REMIC, the Trustee will
attach a statement specifying the date of the adoption of the
plan of liquidation.
ARTICLE X
MISCELLANEOUS PROVISIONS
Section 10.01. Amendment. This Agreement may be
amended from time to time by the Company and the Trustee, without
the consent of any of the Certificateholders, to cure any
ambiguity, to correct or supplement any provisions herein or
therein which may be defective or inconsistent with any other
provisions herein, or to surrender any right or power herein
conferred upon the Company, or to add any other provisions with
respect to matters or questions arising under this Agreement,
109
<PAGE>
which shall not be materially inconsistent with the provisions of
this Agreement; provided, however, that such action shall not, as
evidenced by an Opinion of Counsel, adversely affect in any
material respect the interests of any Certificateholder.
Notwithstanding the foregoing, without the consent of the
Certificateholders, the Trustee and the Company may at any time
and from time to time amend this Agreement to modify, eliminate
or add to any of its provisions to such extent as shall be
necessary or appropriate to maintain the qualification of each of
the Upper Tier REMIC and the Lower Tier REMIC as a REMIC under
the Code or to avoid or minimize the risk of the imposition of
any tax on the Trust Fund pursuant to the Code that would be a
claim against the Trust Fund at any time prior to the final
redemption of the Certificates, provided that the Trustee has
obtained an opinion of independent counsel (which opinion also
shall be addressed to the Company) to the effect that such action
is necessary or appropriate to maintain such qualification or to
avoid or minimize the risk of the imposition of such a tax.
This Agreement may also be amended from time to time
by the Company and the Trustee with the consent of Holders of
Certificates evidencing (i) not less than 66% of the Voting
Rights of all the Certificates or (ii) Percentage Interests
aggregating not less than 66% of each Class affected by such
amendment, 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 (a) reduce in any manner the amount of, or delay
the timing of, collections of payments on the Mortgage Loans or
distributions which are required to be made on any Certificate
without the consent of the Holder of such Certificate, (b)
adversely affect in any material respects the interests of the
Holders of any Class of Certificates in any manner other than as
described in (a), without the consent of the Holders of
Certificates evidencing Percentage Interests aggregating not less
than 66% of such Class, or (c) reduce the aforesaid percentages
of Certificates of any Class required to consent to any such
amendment, without the consent of the Holders of all Certificates
of such Class then outstanding. For purposes of this paragraph,
references to "Holder" or "Holders" shall be deemed to include,
in the case of any Class of Book-Entry Certificates, the related
Certificate Owners.
Notwithstanding any contrary provision of this
Agreement, the Trustee shall not consent to any amendment to this
Agreement unless it shall have first received an Opinion of
Counsel to the effect that such amendment will not subject the
Trust Fund to tax or cause either of the Upper Tier REMIC or the
110
<PAGE>
Lower Tier REMIC to fail to qualify as a REMIC at any time that
any Certificates are outstanding.
Promptly after the execution of any such amendment or
consent the Trustee shall furnish written notification of the
substance of such amendment to each Certificateholder.
It shall not be necessary for the consent of
Certificateholders under this Section 10.01 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 requirements as the Trustee
may prescribe.
Section 10.02. Recordation of Agreement. 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 Company and at its expense on
direction by the Trustee, but only upon direction of the Trustee
accompanied by an Opinion of Counsel to the effect that such
recordation materially and beneficially affects the interests of
Certificateholders.
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 10.03. 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 commence any 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 provided in Section 10.01) 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
111
<PAGE>
time as partners or members of an association; nor shall any
Certificateholder be under any liability to any third person by
reason of any action taken by the parties to this Agreement
pursuant to any provision hereof.
No Certificateholder shall have any right by virtue or
by availing itself of any provisions of this Agreement to
institute any suit, action or proceeding in equity or at law upon
or under or with respect to this Agreement, unless such Holder
previously shall have given to the Trustee a written notice of
default and of the continuance thereof, as hereinbefore provided,
and unless also the Holders of Certificates of each Class
affected thereby evidencing, as to each such Class, Percentage
Interests aggregating not less than 25% 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 being understood and intended, and being expressly
covenanted by each Certificateholder with every other
Certificateholder and the Trustee, that no one or more Holders of
Certificates shall have any right in any manner whatever by
virtue or by availing itself or themselves of any provisions of
this Agreement to affect, disturb or prejudice the rights of the
Holders of any other of the 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 10.03, each and every
Certificateholder and the Trustee shall be entitled to such
relief as can be given either at law or in equity.
Section 10.04. Governing Law. THIS AGREEMENT SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK
AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
Section 10.05. Notices. All demands, notices and
communications hereunder shall be in writing and shall be deemed
to have been duly given if personally delivered at or mailed by
certified mail, return receipt requested, (a) in the case of the
Company, to GE Capital Mortgage Services, Inc., 3 Executive
Campus, Cherry Hill, New Jersey 08002, Attention: General
Counsel, (b) in the case of the Trustee, to The First National
Bank of Chicago, One First National Plaza, Suite 0126, Chicago,
Illinois 60670-0126, Attention: Corporate Trust Services, (c)
112
<PAGE>
in the case of Fitch, to Fitch IBCA, Inc., One State Street
Plaza, New York, New York 10004, Attention: Structured Finance
Surveillance, and (d) in the case of Moody's, to Moody's
Investors Service, Inc., 99 Church Street, New York, New York
10007, Attention: Home Equity Monitoring Group, or, as to each
such Person, at such other address as shall be designated by such
Person in a written notice to each other named Person. 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 10.06. Notices to the Rating Agencies. The
Company shall deliver written notice of the following events to
each Rating Agency promptly following the occurrence thereof:
material amendment to this Agreement; any Trigger Event; change
in or termination of the Trustee; removal of the Company or any
successor servicer as servicer; repurchase or replacement of any
Defective Mortgage Loan pursuant to Section 2.03; and final
payment to Certificateholders. In addition, the Company shall
deliver copies of the following documents to each Rating Agency
at the time such documents are required to be delivered pursuant
to this Agreement: monthly statements to Certificateholders
pursuant to Section 4.05, annual report of independent
accountants pursuant to Section 3.13 and annual servicer
compliance report pursuant to Section 3.12. Notwithstanding the
foregoing, the failure to deliver such notices or copies shall
not constitute an Event of Default under this Agreement.
Section 10.07. 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
to the extent permitted by law 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 10.08. Certificates Nonassessable and Fully
Paid. It is the intention of the Trustee that Certificateholders
shall not be personally liable for obligations of the Trust Fund,
that the beneficial ownership interests represented by the
Certificates shall be nonassessable for any losses or expenses of
the Trust Fund or for any reason whatsoever, and that
Certificates upon execution, countersignature and delivery
thereof by the Trustee are and shall be deemed fully paid.
113
<PAGE>
* * *
<PAGE>
IN WITNESS WHEREOF, the Company and the Trustee have
caused this Agreement to be duly executed by their respective
officers and their respective seals, duly attested, to be
hereunto affixed, all as of the day and year first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
[SEAL]
Attest:
By:_________________________
Name:
Title:
THE FIRST NATIONAL BANK OF CHICAGO,
as Trustee
By:_______________________________
Name:
Title:
[SEAL]
Attest:
By:_______________________________
Name:
Title:
<PAGE>
State of New Jersey )
) ss.:
County of Camden )
On the day of March, 1998 before me, a notary public
in and for the State of New Jersey, personally appeared
_______________________, known to me who, being by me duly sworn,
did depose and say that he/she resides at ___________________
__________________________________________; that he/she is a(n)
_________________________ of GE Capital Mortgage Services, Inc.,
a corporation formed under the laws of the State of New Jersey,
one of the parties that executed the foregoing instrument; that
he/she knows the seal of said corporation; that the seal affixed
to said instrument is such corporate seal; that it was so affixed
by order of the Board of Directors of said corporation; and that
he/she signed his/her name thereto by like order.
_______________________________
Notary Public
[Notarial Seal]
<PAGE>
The State of Illinois )
) ss.:
County of Cook )
On the day of March, 1998 before me, a notary public
in and for the State of Illinois, personally appeared
____________________, known to me who, being by me duly sworn,
did depose and say that he/she resides at _______________
_________________________________; that he/she is a(n) _________
_________________________ of The First National Bank of Chicago,
one of the parties that executed the foregoing instrument; that
he/she knows the seal of said Bank; that the seal affixed to said
instrument is such corporate seal; that it was so affixed by
order of the Board of Directors of said Bank; and that he/she
signed his/her name thereto by order of the Board of Directors of
said Bank.
_______________________________
Notary Public
[Notarial Seal]
<PAGE>
EXHIBIT A
FORMS OF CERTIFICATES
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE1
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity
loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A1 Certificate
Principal Balance:
Class A1 $44,600,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.525% Balance of this Certificate:
$
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GAV0
April 27, 1998
<PAGE>
THIS CERTIFIES THAT
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 A1 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity loans (the "Mortgage Loans"),
sold and serviced by GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the State of
New Jersey (the "Company"). The Trust Fund was created pursuant
to a Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., as trustee (the "Trustee"), a summary of
certain of the pertinent provisions of which is set forth herein
below. To the extent not defined herein, the 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.
The Agreement requires the distribution 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 in April 1998, 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 (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as Home Equity Loan Pass-Through
Certificates, Series 1998-HE1, issued in sixteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class R1, Class R2, Class M, Class B1, Class B2, Class B3, Class
B4, Class B5 and Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
<PAGE>
in the Agreement. 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 this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R1 or Class R2 Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
<PAGE>
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R1 or Class R2 Certificate or
(y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class R1 or Class R2
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons 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 the same Class of authorized denominations
evidencing the same 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 Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon
<PAGE>
payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
THE FIRST NATIONAL BANK OF CHICAGO,
N.A., not in its individual
capacity but solely as Trustee
By:__________________________
Name:
Title:
Date:______________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:---------------------
- --------------------------------------
Signature by or on behalf of assignor
- ---------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE1
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity
loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A2 Certificate
Principal Balance:
Class A2 $19,700,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.260% Balance of this Certificate:
$
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GAW8
April 27, 1998
<PAGE>
THIS CERTIFIES THAT
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 A2 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity loans (the "Mortgage Loans"),
sold and serviced by GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the State of
New Jersey (the "Company"). The Trust Fund was created pursuant
to a Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., as trustee (the "Trustee"), a summary of
certain of the pertinent provisions of which is set forth herein
below. To the extent not defined herein, the 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.
The Agreement requires the distribution 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 in April 1998, 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 (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE1
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity
loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A3 Certificate
Principal Balance:
Class A3 $22,200,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.330% Balance of this Certificate:
$
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GAX6
April 27, 1998
<PAGE>
THIS CERTIFIES THAT
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 A3 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity loans (the "Mortgage Loans"),
sold and serviced by GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the State of
New Jersey (the "Company"). The Trust Fund was created pursuant
to a Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., as trustee (the "Trustee"), a summary of
certain of the pertinent provisions of which is set forth herein
below. To the extent not defined herein, the 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.
The Agreement requires the distribution 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 in April 1998, 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 (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE1
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity
loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A4 Certificate
Principal Balance:
Class A4 $10,600,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.440% Balance of this Certificate:
$
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GAY4
April 27, 1998
<PAGE>
THIS CERTIFIES THAT
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 A4 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity loans (the "Mortgage Loans"),
sold and serviced by GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the State of
New Jersey (the "Company"). The Trust Fund was created pursuant
to a Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., as trustee (the "Trustee"), a summary of
certain of the pertinent provisions of which is set forth herein
below. To the extent not defined herein, the 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.
The Agreement requires the distribution 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 in April 1998, 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 (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE1
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity
loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A5 Certificate
Principal Balance:
Class A5 $12,900,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.530% Balance of this Certificate:
$
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GAZ1
April 27, 1998
<PAGE>
THIS CERTIFIES THAT
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 A5 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity loans (the "Mortgage Loans"),
sold and serviced by GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the State of
New Jersey (the "Company"). The Trust Fund was created pursuant
to a Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., as trustee (the "Trustee"), a summary of
certain of the pertinent provisions of which is set forth herein
below. To the extent not defined herein, the 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.
The Agreement requires the distribution 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 in April 1998, 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 (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE1
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity
loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A6 Certificate
Principal Balance:
Class A6 $17,870,000
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBA5
April 27, 1998
<PAGE>
THIS CERTIFIES THAT
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 A6 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity loans (the "Mortgage Loans"),
sold and serviced by GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the State of
New Jersey (the "Company"). The Trust Fund was created pursuant
to a Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., as trustee (the "Trustee"), a summary of
certain of the pertinent provisions of which is set forth herein
below. To the extent not defined herein, the 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.
The Agreement requires the distribution 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 in April 1998, 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 (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE1
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity
loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A7 Certificate
Principal Balance:
Class A7 $14,207,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.465% Balance of this Certificate:
$
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBB3
April 27, 1998
<PAGE>
IS CERTIFIES THAT
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 A7 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity loans (the "Mortgage Loans"),
sold and serviced by GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the State of
New Jersey (the "Company"). The Trust Fund was created pursuant
to a Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., as trustee (the "Trustee"), a summary of
certain of the pertinent provisions of which is set forth herein
below. To the extent not defined herein, the 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.
The Agreement requires the distribution 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 in April 1998, 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 (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE
IS A "RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS
AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE, BY
ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH
IN THE AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE TRUSTEE TO THE EFFECT THAT IT IS NOT A
DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE
SECTION 860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR
OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY
THAT HOLDS REMIC RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE
CLEARANCE AND SETTLEMENT OF SUCH SECURITIES THROUGH BOOK-ENTRY
CHANGES IN ACCOUNTS OF PARTICIPATING ORGANIZATIONS (A "BOOK-ENTRY
NOMINEE") AND TO HAVE AGREED TO SUCH AMENDMENTS TO THE AGREEMENT
AS MAY BE REQUIRED TO FURTHER EFFECTUATE THE RESTRICTIONS ON
TRANSFERS TO DISQUALIFIED ORGANIZATIONS, AGENTS THEREOF OR
BOOK-ENTRY NOMINEES.
THE HOLDER OF THIS CLASS R1 CERTIFICATE, BY ACCEPTANCE HEREOF, IS
DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY AS ITS AGENT AND
ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS PERSON" OF THE LOWER-TIER
REMIC TO PERFORM THE FUNCTIONS OF A "TAX MATTERS PARTNER" FOR
PURPOSES OF SUBCHAPTER C OF CHAPTER 63 OF SUBTITLE F OF THE CODE,
WITH RESPECT TO THE TRUST FUND.
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
DISQUALIFIED ORGANIZATION, BOOK-ENTRY NOMINEE OR NON-PERMITTED
FOREIGN HOLDER, AS DEFINED IN THE AGREEMENT OR TO ANY EMPLOYEE
BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION
4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN
TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE1
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity loans
sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class R1 Certificate
Principal Balance:
Class R1 $500.00
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing $
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBC1
April 27, 1998
<PAGE>
THIS CERTIFIES THAT
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 R1 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity loans (the "Mortgage Loans"),
sold and serviced by GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the State of
New Jersey (the "Company"). The Trust Fund was created pursuant
to a Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., as trustee (the "Trustee"), a summary of
certain of the pertinent provisions of which is set forth herein
below. To the extent not defined herein, the 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.
The Agreement requires the distribution 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 in April 1998, 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 (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as Home Equity Loan Pass-Through
Certificates, Series 1998-HE1, issued in sixteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class R1, Class R2, Class M, Class B1, Class B2, Class B3, Class
B4, Class B5 and Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
<PAGE>
in the Agreement. 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 this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R1 or Class R2 Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
<PAGE>
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R1 or Class R2 Certificate or
(y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class R1 or Class R2
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons 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 the same Class of authorized denominations
evidencing the same 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 Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon
<PAGE>
payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
THE FIRST NATIONAL BANK OF CHICAGO,
N.A., not in its individual
capacity but solely as Trustee
By:________________________
Name:
Title:
Date:______________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:---------------------
- -------------------------------------
Signature by or on behalf of assignor
- ---------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE
IS A "RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS
AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE, BY
ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH
IN THE AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE TRUSTEE TO THE EFFECT THAT IT IS NOT A
DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE
SECTION 860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR
OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY
THAT HOLDS REMIC RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE
CLEARANCE AND SETTLEMENT OF SUCH SECURITIES THROUGH BOOK-ENTRY
CHANGES IN ACCOUNTS OF PARTICIPATING ORGANIZATIONS (A "BOOK-ENTRY
NOMINEE") AND TO HAVE AGREED TO SUCH AMENDMENTS TO THE AGREEMENT
AS MAY BE REQUIRED TO FURTHER EFFECTUATE THE RESTRICTIONS ON
TRANSFERS TO DISQUALIFIED ORGANIZATIONS, AGENTS THEREOF OR
BOOK-ENTRY NOMINEES.
THE HOLDER OF THIS CLASS R2 CERTIFICATE, BY ACCEPTANCE HEREOF, IS
DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY AS ITS AGENT AND
ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS PERSON" OF THE UPPER-TIER
REMIC TO PERFORM THE FUNCTIONS OF A "TAX MATTERS PARTNER" FOR
PURPOSES OF SUBCHAPTER C OF CHAPTER 63 OF SUBTITLE F OF THE CODE,
WITH RESPECT TO THE TRUST FUND.
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
DISQUALIFIED ORGANIZATION, BOOK-ENTRY NOMINEE OR NON-PERMITTED
FOREIGN HOLDER, AS DEFINED IN THE AGREEMENT OR TO ANY EMPLOYEE
BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION
4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN
TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE1
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity loans
sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class R2 Certificate
Principal Balance:
Class R2 $500.00
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing $
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBD9
April 27, 1998
<PAGE>
THIS CERTIFIES THAT
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 R2 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity loans (the "Mortgage Loans"),
sold and serviced by GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the State of
New Jersey (the "Company"). The Trust Fund was created pursuant
to a Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., as trustee (the "Trustee"), a summary of
certain of the pertinent provisions of which is set forth herein
below. To the extent not defined herein, the 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.
The Agreement requires the distribution 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 in April 1998, 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 (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE1
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity loans
sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class M Certificate
Principal Balance:
Class M $3,872,000
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBE7
April 27, 1998
<PAGE>
THIS CERTIFIES THAT
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 M Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity loans (the "Mortgage Loans"),
sold and serviced by GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the State of
New Jersey (the "Company"). The Trust Fund was created pursuant
to a Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., as trustee (the "Trustee"), a summary of
certain of the pertinent provisions of which is set forth herein
below. To the extent not defined herein, the 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.
The Agreement requires the distribution 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 in April 1998, 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 (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as Home Equity Loan Pass-Through
Certificates, Series 1998-HE1, issued in sixteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class R1, Class R2, Class M, Class B1, Class B2, Class B3, Class
B4, Class B5 and Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
<PAGE>
in the Agreement. 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 this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R1 or Class R2 Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
<PAGE>
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R1 or Class R2 Certificate or
(y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class R1 or Class R2
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons 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 the same Class of authorized denominations
evidencing the same 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 Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon
<PAGE>
payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
THE FIRST NATIONAL BANK OF CHICAGO,
N.A., not in its individual
capacity but solely as Trustee
By:_________________________
Name:
Title:
Date:______________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:---------------------
- -------------------------------------
Signature by or on behalf of assignor
- ---------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE1
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity loans
sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B1 Certificate
Principal Balance:
Class B1 $3,485,000
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBF4
April 27, 1998
<PAGE>
THIS CERTIFIES THAT
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 B1 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity loans (the "Mortgage Loans"),
sold and serviced by GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the State of
New Jersey (the "Company"). The Trust Fund was created pursuant
to a Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., as trustee (the "Trustee"), a summary of
certain of the pertinent provisions of which is set forth herein
below. To the extent not defined herein, the 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.
The Agreement requires the distribution 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 in April 1998, 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 (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE1
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity loans
sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B2 Certificate
Principal Balance:
Class B2 $1,549,000
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBG2
April 27, 1998
<PAGE>
THIS CERTIFIES THAT
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 B2 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity loans (the "Mortgage Loans"),
sold and serviced by GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the State of
New Jersey (the "Company"). The Trust Fund was created pursuant
to a Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., as trustee (the "Trustee"), a summary of
certain of the pertinent provisions of which is set forth herein
below. To the extent not defined herein, the 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.
The Agreement requires the distribution 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 in April 1998, 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 (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN.
<PAGE>
THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE1
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity loans
sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B3 Certificate
Principal Balance:
Class B3 $1,549,000
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36157REZ4
April 27, 1998
<PAGE>
THIS CERTIFIES THAT
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 B3 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity loans (the "Mortgage Loans"),
sold and serviced by GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the State of
New Jersey (the "Company"). The Trust Fund was created pursuant
to a Pooling and Servicing Agreement dated as of March 1, 1998
the "Agreement") between the Company and The First National Bank
of Chicago, N.A., as trustee (the "Trustee"), a summary of
certain of the pertinent provisions of which is set forth herein
below. To the extent not defined herein, the 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.
The Agreement requires the distribution 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 in April 1998, 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 (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described
<PAGE>
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as Home Equity Loan Pass-Through
Certificates, Series 1998-HE1, issued in sixteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class R1, Class R2, Class M, Class B1, Class B2, Class B3, Class
B4, Class B5 and Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
<PAGE>
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 this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R1 or Class R2 Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
<PAGE>
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R1 or Class R2 Certificate or
(y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class R1 or Class R2
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons 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 the same Class of authorized denominations
evidencing the same 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 Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
<PAGE>
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
THE FIRST NATIONAL BANK OF CHICAGO,
N.A., not in its individual
capacity but solely as Trustee
By:_________________________
Name:
Title:
Date:______________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:---------------------
- -------------------------------------
Signature by or on behalf of assignor
- ---------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
<PAGE>
In connection with any transfer of this Certificate,
the undersigned registered holder hereof confirms that without
utilizing any general solicitation or general advertising:
(Check One) -
|_| (a) This Certificate is being transferred by the
undersigned to a person whom the undersigned
reasonably believes is a "qualified
institutional buyer" (as defined in Rule 144A
under the Securities Act of 1933, as amended)
pursuant to the exemption from registration
under the Securities Act of 1933, as amended,
provided by Rule 144A thereunder.
|_| (b) This Certificate is being transferred by the
undersigned to an institutional "accredited
investor" (as defined in Rule 501(a)(1), (2),
(3) or (7) of Regulation D under the
Securities Act of 1933, as amended) and that
the undersigned has been advised by the
prospective purchaser that it intends to hold
this Certificate for investment and not for
distribution or resale.
Dated
- ------------------------------ ---------------------------------
(Signature)
If none of the foregoing boxes is checked, the Trustee shall not
be obligated to register this Certificate in the name of any
person other than the registered holder thereof unless and until
the conditions to any such transfer of registration set forth
herein, and in the Pooling and Servicing Agreement have been
satisfied.
TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
a "qualified institutional buyer" (as defined in Rule 144A under
the
<PAGE>
Securities Act of 1933, as amended) and acknowledges that it has
received such information as the undersigned has requested
pursuant to Rule 144A or has determined not to request such
information and that it is aware that the registered holder is
relying upon the undersigned's foregoing representations in order
to claim the exemption from registration provided by Rule 144A,
and (ii) the undersigned (x) is not an employee benefit plan
subject to the Employee Retirement Income Security Act of 1974,
as amended, or a plan subject to Section 4975 of the Internal
Revenue Code of 1986, as amended, and is not using the assets of
any such employee benefit or other plan to acquire this
Certificate or (y) is an insurance company investing assets of
its general account and the exemptions provided by Section III(a)
of Department of Labor Prohibited Transaction Exemption 95-60, 60
Fed. Reg. 35925 (July 12, 1995), apply to the acquisition and
holding by the undersigned of this Certificate.
Dated
- -------------------------- ------------------------------------
(Signature)
TO BE COMPLETED BY PURCHASER IF (b) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
an institutional "accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D under the Securities
Act of 1933, as amended), and (ii) the undersigned (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended, or a plan subject to Section
4975 of the Internal Revenue Code of 1986, as amended, and is not
using the assets of any such employee benefit or other plan to
acquire this Certificate or (y) is an insurance company investing
assets of its general account and the exemptions provided by
Section III(a) of Department of Labor Prohibited Transaction
Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995), apply to the
acquisition and holding by the undersigned of this Certificate.
Dated
- -------------------------- ------------------------------------
(Signature)
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN.
<PAGE>
THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE1
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity loans
sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B4 Certificate
Principal Balance:
Class B4 $1,162,000
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36157RFA8
April 27, 1998
<PAGE>
THIS CERTIFIES THAT
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 B4 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity loans (the "Mortgage Loans"),
sold and serviced by GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the State of
New Jersey (the "Company"). The Trust Fund was created pursuant
to a Pooling and Servicing Agreement dated as of March 1, 1998
the "Agreement") between the Company and The First National Bank
of Chicago, N.A., as trustee (the "Trustee"), a summary of
certain of the pertinent provisions of which is set forth herein
below. To the extent not defined herein, the 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.
The Agreement requires the distribution 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 in April 1998, 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 (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on this
Certificate will be made in the applicable manner described
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN.
<PAGE>
THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE1
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity loans
sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B5 Certificate
Principal Balance:
Class B5 $1,162,894.46
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36157RFB6
April 27, 1998
<PAGE>
THIS CERTIFIES THAT
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 B5 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity loans (the "Mortgage Loans"),
sold and serviced by GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the State of
New Jersey (the "Company"). The Trust Fund was created pursuant
to a Pooling and Servicing Agreement dated as of March 1, 1998
the "Agreement") between the Company and The First National Bank
of Chicago, N.A., as trustee (the "Trustee"), a summary of
certain of the pertinent provisions of which is set forth herein
below. To the extent not defined herein, the 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.
The Agreement requires the distribution 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 in April 1998, 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 (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on this
Certificate will be made in the applicable manner described
<PAGE>
PRINCIPAL WILL NOT BE DISTRIBUTABLE IN RESPECT OF THIS
CERTIFICATE. INTEREST IS CALCULATED ON THIS CERTIFICATE BASED ON
THE CLASS S NOTIONAL PRINCIPAL BALANCE, WHICH, AS OF ANY
DISTRIBUTION DATE, IS EQUAL TO THE AGGREGATE SCHEDULED PRINCIPAL
BALANCE OF THE OUTSTANDING NON-DISCOUNT MORTGAGE LOANS AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). CONSEQUENTLY, THE
NOTIONAL PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE
LESS THAN THE INITIAL NOTIONAL PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
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 EXEMPT FROM THE REGISTRATION
REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH SECTION 5.02 OF
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
<PAGE>
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE, SERIES 1998-HE1
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
closed-end, fixed rate, home equity loans
sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class S Notional
Principal Balance:
Class S $154,857,894.46
Certificate Interest Initial Notional Principal Rate
per annum: variable Balance of this Certificate:
$
Cut-off Date:
March 1, 1998
First Distribution Date:
April 27, 1998
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Notional
Principal Balance of this Certificate by the aggregate initial
Notional Principal Balance of all Class S Certificates, both as
specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
closed-end, fixed rate, home equity loans (the "Mortgage Loans"),
sold and serviced by GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the State of
New Jersey (the "Company"). The Trust Fund was created pursuant
to a Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between the Company and The First National Bank
of Chicago, N.A., as trustee (the "Trustee"), a summary of
certain of the pertinent provisions of which is set forth herein
below. To the extent not defined herein, the 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.
The Agreement requires the distribution 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 in April 1998, 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 (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
<PAGE>
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as Home Equity Loan Pass-Through
Certificates, Series 1998-HE1, issued in sixteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class R1, Class R2, Class M, Class B1, Class B2, Class B3, Class
B4, Class B5 and Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
<PAGE>
in the Agreement. 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 this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class S Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Trust Fund being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 and will not subject the Trustee or the
Company to any obligation in addition to those undertaken in the
Agreement; provided, however, that the Trustee will not require
such certificate or opinion in the event that, as a result of a
change of law or otherwise, counsel satisfactory to the Trustee
has rendered an opinion to the effect that the purchase and
holding of a Class S Certificate by a Plan or a Person that is
purchasing or holding such Certificate with the assets of a Plan
will not constitute or result in a prohibited transaction under
ERISA or Section 4975.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
<PAGE>
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees. The
Certificates are issuable only as registered Certificates without
coupons 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 the
same Class of authorized denominations evidencing the same
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 Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly
<PAGE>
Advance with respect thereto) of the last Mortgage Loan remaining
in the Trust Fund and the disposition of all property acquired
upon foreclosure or by deed in lieu of foreclosure of any
Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
THE FIRST NATIONAL BANK OF CHICAGO,
N.A., not in its individual capacity
but solely as Trustee
By:______________________________
Name:
Title:
Date:______________________
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security or other identifying number of
assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address including postal zip
code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:---------------------
- -------------------------------------
Signature by or on behalf of assignor
- ---------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
<PAGE>
EXHIBIT B
[Omitted]
<PAGE>
EXHIBIT C
MORTGAGE LOANS
Each Mortgage Loan shall be identified by loan number,
address of the Mortgaged Property and name of the Mortgagor. The
following details shall be set forth as to each Mortgage Loan:
(i) the principal balance at the time of its origination, (ii)
the Principal Balance as of the Cut-off Date, (iii) the interest
rate borne by the Mortgage Note, (iv) the scheduled monthly level
payment of principal and interest, (v) the loan-to-value ratio
(and Combined Loan to Value Ratio, if applicable), (vi) the
maturity date of the Mortgage Note and (vii) the Servicing Fee
Rate for such Mortgage Loan.
g 4/6/98
GE CAPITAL MORTGAGE SERVICES, INC.
HOME EQUITY LOAN PASS-THROUGH CERTIFICATE,
SERIES 1998-HE1
EXHIBIT 'C'
LOAN 0000005000138
LAST_NAME FAGAN
ADDRESS RFD 12 SEDGEWOOD CLUB
CITY CARMEL
STATE NY
ZIP 105120000
MORT $322,500.00
BAL $305,502.49
RATE 8.750
PAI $2,537.11
CLTV 75.882
MATURITY 70311
FEE 0.5000
LOAN 0000020182994
LAST_NAME BARIL
ADDRESS 10901 FLORENCE AVENUE
CITY TAMPA
STATE FL
ZIP 336120000
MORT $20,440.00
BAL $18,998.93
RATE 10.100
PAI $180.89
CLTV 69.878
MATURITY 80204
FEE 0.5000
LOAN 0000020265013
LAST_NAME SUMMERS
ADDRESS 270 ARCHER RD
CITY SALISBURY
STATE NC
ZIP 281440000
MORT $52,190.00
BAL $44,552.16
RATE 11.100
PAI $596.48
CLTV 85.000
MATURITY 80623
FEE 0.5000
LOAN 0000020403036
LAST_NAME SARRAF
ADDRESS 16 WILLIAM STREET
CITY GREAT NECK
STATE NY
ZIP 110230000
MORT $314,000.00
BAL $259,972.48
RATE 8.500
PAI $3,092.08
CLTV 66.105
MATURITY 81018
FEE 0.5000
LOAN 0000020438859
LAST_NAME SHARPE
ADDRESS 701 NORTH MAIN STREET
CITY PLEASANTVIL
STATE NJ
ZIP 082320000
MORT $37,000.00
BAL $30,878.12
RATE 8.450
PAI $363.27
CLTV 57.161
MATURITY 81129
FEE 0.5000
LOAN 0000020460622
LAST_NAME THOMPSON
ADDRESS 489 SHERMAN PARKWAY
CITY NEW HAVEN
STATE CT
ZIP 065110000
MORT $25,000.00
BAL $21,963.27
RATE 10.550
PAI $277.13
CLTV 74.941
MATURITY 90321
FEE 0.5000
LOAN 0000020481065
LAST_NAME HOOPER
ADDRESS 10205 DIABLO AVENUE
CITY LANHAM
STATE MD
ZIP 207060000
MORT $50,000.00
BAL $34,837.91
RATE 7.750
PAI $600.06
CLTV 27.777
MATURITY 40304
FEE 0.5000
LOAN 0000020698890
LAST_NAME CHRISTIANSEN
ADDRESS 13308 E HEROY AVENUE
CITY SPOKANE
STATE WA
ZIP 992160000
MORT $18,588.00
BAL $18,255.25
RATE 11.450
PAI $183.37
CLTV 80.000
MATURITY 91213
FEE 0.5000
LOAN 0000020732582
LAST_NAME BALLARD
ADDRESS 9930 S TULIP DRIVE
CITY SANDY
STATE UT
ZIP 840940000
MORT $31,100.00
BAL $27,972.80
RATE 10.500
PAI $343.78
CLTV 79.983
MATURITY 91229
FEE 0.5000
LOAN 0000020752333
LAST_NAME LYNCH
ADDRESS 114 MILLARD AVENUE
CITY WARWICK
STATE RI
ZIP 028890000
MORT $155,000.00
BAL $151,769.17
RATE 9.550
PAI $1,308.98
CLTV 79.896
MATURITY 100106
FEE 0.5000
LOAN 0000020769618
LAST_NAME PRICE
ADDRESS 71 E MORNINGSIDE STREET
CITY HARTFORD
STATE CT
ZIP 061120000
MORT $49,000.00
BAL $45,363.88
RATE 10.450
PAI $446.39
CLTV 54.444
MATURITY 91228
FEE 0.5000
LOAN 0000020822904
LAST_NAME STUBBS,SR.
ADDRESS 61 HIRST AVENUE
CITY MANTUA
STATE NJ
ZIP 080510000
MORT $29,000.00
BAL $26,132.51
RATE 10.250
PAI $259.87
CLTV 80.074
MATURITY 100201
FEE 0.5000
LOAN 0000020854758
LAST_NAME BOENKER
ADDRESS 10438 ST CHARLES ROCK ROA
CITY ST ANN
STATE MO
ZIP 630430000
MORT $29,000.00
BAL $22,278.56
RATE 11.300
PAI $335.10
CLTV 55.238
MATURITY 100417
FEE 0.5000
LOAN 0000020857371
LAST_NAME ROACH
ADDRESS 6210 KENNEDY STREET
CITY RIVERDALE
STATE MD
ZIP 207370000
MORT $36,000.00
BAL $32,733.05
RATE 11.400
PAI $418.26
CLTV 40.449
MATURITY 100303
FEE 0.5000
LOAN 0000020860334
LAST_NAME ALEXANDER
ADDRESS 903 BILLFISH COURT
CITY CHARLESTON
STATE SC
ZIP 294120000
MORT $9,300.00
BAL $8,516.23
RATE 11.490
PAI $108.59
CLTV 79.955
MATURITY 100429
FEE 0.5000
LOAN 0000021462874
LAST_NAME BRINSON
ADDRESS 7463 BURNETT FIELD DRIVE
CITY MECHANICSVI
STATE VA
ZIP 231110000
MORT $17,300.00
BAL $15,791.38
RATE 10.350
PAI $231.99
CLTV 66.578
MATURITY 60911
FEE 0.5000
LOAN 0000021572862
LAST_NAME CAMACHO
ADDRESS 716 GARLAND STREET
CITY PHILADELPHI
STATE PA
ZIP 191240000
MORT $22,000.00
BAL $21,321.72
RATE 11.750
PAI $260.51
CLTV 36.065
MATURITY 111126
FEE 0.5000
LOAN 0000021643382
LAST_NAME JECK
ADDRESS 1001 BERNE DRIVE
CITY CREST LINE
STATE CA
ZIP 924010000
MORT $67,900.00
BAL $67,421.70
RATE 8.850
PAI $539.03
CLTV 70.000
MATURITY 120204
FEE 0.5000
LOAN 0000021696190
LAST_NAME COLLINS
ADDRESS 4175 OAKWOOD DR
CITY SAINT CLOUD
STATE FL
ZIP 347720000
MORT $90,000.00
BAL $89,329.89
RATE 8.990
PAI $723.52
CLTV 78.260
MATURITY 120108
FEE 0.5000
LOAN 0000021718507
LAST_NAME WHITMAN
ADDRESS 192 FOSTER ROAD
CITY TEWKSBURY
STATE MA
ZIP 018760000
MORT $130,000.00
BAL $127,840.75
RATE 8.700
PAI $1,144.68
CLTV 65.822
MATURITY 170401
FEE 0.5000
LOAN 0000021753827
LAST_NAME MALLEY
ADDRESS 338 GREEN POND ROAD
CITY HIBENNIA
STATE NJ
ZIP 078420000
MORT $103,500.00
BAL $103,249.37
RATE 9.650
PAI $881.64
CLTV 90.000
MATURITY 120901
FEE 0.5000
LOAN 0000021757703
LAST_NAME BATES
ADDRESS 784 COPLEY RD
CITY AKRON
STATE OH
ZIP 443200000
MORT $24,500.00
BAL $22,941.12
RATE 10.850
PAI $250.39
CLTV 70.000
MATURITY 170402
FEE 0.5000
LOAN 0000021773569
LAST_NAME OGLE
ADDRESS 308 AVENUE C
CITY KNOXVILLE
STATE TN
ZIP 379200000
MORT $28,000.00
BAL $27,621.28
RATE 11.990
PAI $335.87
CLTV 80.000
MATURITY 120613
FEE 0.5000
LOAN 0000021776083
LAST_NAME NAPURANO
ADDRESS 91 STRATFORD CIRCLE
CITY EDISON TOWN
STATE NJ
ZIP 088200000
MORT $287,500.00
BAL $286,360.81
RATE 9.600
PAI $2,438.46
CLTV 88.734
MATURITY 270516
FEE 0.5000
LOAN 0000021785555
LAST_NAME HUTTEMEYER
ADDRESS WHITE ROE LAKE ROAD
CITY LIVINGSTON
STATE NY
ZIP 127580000
MORT $88,000.00
BAL $87,777.79
RATE 9.450
PAI $736.75
CLTV 80.000
MATURITY 120901
FEE 0.5000
LOAN 0000021797097
LAST_NAME SEHN
ADDRESS 2166 AUGUSTA SOLS ROAD
CITY ORISKANY FA
STATE NY
ZIP 134250000
MORT $56,600.00
BAL $56,453.23
RATE 9.650
PAI $482.13
CLTV 75.466
MATURITY 120901
FEE 0.5000
LOAN 0000021797857
LAST_NAME ALLEN
ADDRESS 364 CLARA STREET
CITY OAKLAND
STATE CA
ZIP 946030000
MORT $63,000.00
BAL $62,404.54
RATE 9.750
PAI $541.27
CLTV 70.000
MATURITY 270901
FEE 0.5000
LOAN 0000021800404
LAST_NAME BONGARZONE
ADDRESS 55 CHESTERFIELD ROAD
CITY NORTHBOROUG
STATE MA
ZIP 015320000
MORT $32,000.00
BAL $31,594.79
RATE 10.050
PAI $309.87
CLTV 61.747
MATURITY 170430
FEE 0.5000
LOAN 0000021808845
LAST_NAME KARTEN
ADDRESS 41 OAK STREET
CITY CRANSTON
STATE RI
ZIP 029100000
MORT $66,600.00
BAL $66,230.52
RATE 9.450
PAI $557.59
CLTV 88.800
MATURITY 120901
FEE 0.5000
LOAN 0000021811294
LAST_NAME JONES
ADDRESS 802 TODDS LANE
CITY HAMPTON
STATE VA
ZIP 236660000
MORT $44,600.00
BAL $44,511.44
RATE 11.450
PAI $439.97
CLTV 71.935
MATURITY 120730
FEE 0.5000
LOAN 0000021813464
LAST_NAME BAGBY
ADDRESS 207 NORTH MAUMEE STREET
CITY TECUMSEH
STATE MI
ZIP 492860000
MORT $68,000.00
BAL $67,819.85
RATE 10.850
PAI $639.88
CLTV 76.836
MATURITY 270701
FEE 0.5000
LOAN 0000021814199
LAST_NAME FARMER
ADDRESS 1403 STRATFORD AVENUE
CITY NASHVILLE
STATE TN
ZIP 372160000
MORT $20,000.00
BAL $19,809.43
RATE 10.500
PAI $269.87
CLTV 48.683
MATURITY 71215
FEE 0.5000
LOAN 0000021815956
LAST_NAME FINN
ADDRESS 1641 LIMERICK DRIVE
CITY RICHMOND
STATE VA
ZIP 232350000
MORT $64,000.00
BAL $63,707.52
RATE 9.500
PAI $538.15
CLTV 77.108
MATURITY 120501
FEE 0.5000
LOAN 0000021816046
LAST_NAME MADERO
ADDRESS 63 NORFELD BLVD
CITY ELMONT
STATE NY
ZIP 110030000
MORT $152,000.00
BAL $150,000.12
RATE 10.400
PAI $1,379.05
CLTV 80.000
MATURITY 270527
FEE 0.5000
LOAN 0000021825492
LAST_NAME VACARR
ADDRESS 576 COUNTY RTE 65
CITY BERNHARDS B
STATE NY
ZIP 130280000
MORT $40,000.00
BAL $39,746.74
RATE 8.650
PAI $350.94
CLTV 48.780
MATURITY 171001
FEE 0.5000
LOAN 0000021827159
LAST_NAME ROSS
ADDRESS 15017 SWENSON ST.
CITY SAN LEANDRO
STATE CA
ZIP 945790000
MORT $119,600.00
BAL $119,330.99
RATE 10.000
PAI $1,049.58
CLTV 80.000
MATURITY 120901
FEE 0.5000
LOAN 0000021828173
LAST_NAME TRZCINSKI
ADDRESS 66 FOURTH STREET
CITY WORCESTER
STATE MA
ZIP 016020000
MORT $69,480.00
BAL $69,304.53
RATE 9.450
PAI $581.70
CLTV 90.000
MATURITY 120901
FEE 0.5000
LOAN 0000021829031
LAST_NAME COX
ADDRESS 521 LEE ROAD 219
CITY PHENIX CITY
STATE AL
ZIP 368700000
MORT $60,000.00
BAL $59,195.22
RATE 9.000
PAI $608.56
CLTV 66.666
MATURITY 120901
FEE 0.5000
LOAN 0000021829635
LAST_NAME LOWE
ADDRESS 170 RASPBERRY WAY
CITY MADISON
STATE AL
ZIP 357580000
MORT $79,800.00
BAL $79,653.20
RATE 9.875
PAI $692.94
CLTV 80.000
MATURITY 271001
FEE 0.5000
LOAN 0000021830351
LAST_NAME FOSHEE
ADDRESS 8600 COUNTY ROAD 88
CITY PISGAH
STATE AL
ZIP 357650000
MORT $42,500.00
BAL $42,478.85
RATE 12.650
PAI $458.54
CLTV 70.833
MATURITY 271027
FEE 0.5000
LOAN 0000021831557
LAST_NAME CARREIRO
ADDRESS 26 CRESCENT STREET
CITY KINGSTON
STATE MA
ZIP 023640000
MORT $22,000.00
BAL $21,895.64
RATE 10.500
PAI $296.86
CLTV 56.502
MATURITY 71216
FEE 0.5000
LOAN 0000021832159
LAST_NAME WILSON
ADDRESS 2054 W 80TH PLACE
CITY CHICAGO
STATE IL
ZIP 606200000
MORT $72,000.00
BAL $71,156.62
RATE 8.950
PAI $645.49
CLTV 80.000
MATURITY 170627
FEE 0.5000
LOAN 0000021832969
LAST_NAME LEINWEBER
ADDRESS 1395 N 15TH ST
CITY IMMOKALEE
STATE FL
ZIP 341430000
MORT $40,000.00
BAL $37,380.90
RATE 8.750
PAI $501.31
CLTV 49.689
MATURITY 70225
FEE 0.5000
LOAN 0000021835731
LAST_NAME EDWARDS
ADDRESS 4821 NE 13TH STREET
CITY OCALA
STATE FL
ZIP 344700000
MORT $64,000.00
BAL $63,283.47
RATE 8.650
PAI $561.50
CLTV 77.108
MATURITY 170602
FEE 0.5000
LOAN 0000021835749
LAST_NAME ETTER
ADDRESS 728 S 77TH STREET
CITY MESA
STATE AZ
ZIP 852080000
MORT $58,800.00
BAL $57,484.29
RATE 8.650
PAI $584.21
CLTV 70.000
MATURITY 120602
FEE 0.5000
LOAN 0000021837455
LAST_NAME RAYMOND
ADDRESS 256 SHORE ROAD
CITY OLD LYME
STATE CT
ZIP 063710000
MORT $102,000.00
BAL $101,770.60
RATE 10.000
PAI $895.12
CLTV 82.926
MATURITY 120901
FEE 0.5000
LOAN 0000021840061
LAST_NAME GERARDI
ADDRESS 73 PROVIDENCE STREET
CITY WORCESTER
STATE MA
ZIP 016040000
MORT $48,000.00
BAL $47,939.19
RATE 8.300
PAI $362.30
CLTV 80.000
MATURITY 121201
FEE 0.5000
LOAN 0000021840376
LAST_NAME JOHNSON
ADDRESS 4420 CLARK STREET
CITY RAYMOND
STATE NE
ZIP 684280000
MORT $52,000.00
BAL $51,552.99
RATE 9.500
PAI $484.71
CLTV 80.000
MATURITY 170822
FEE 0.5000
LOAN 0000021844931
LAST_NAME MOREFIELD
ADDRESS 1025 N EDWARDS
CITY CARLSBAD
STATE NM
ZIP 882200000
MORT $19,000.00
BAL $18,897.37
RATE 8.800
PAI $190.46
CLTV 44.705
MATURITY 121215
FEE 0.5000
LOAN 0000021848163
LAST_NAME MOORELAND
ADDRESS 2650 NORTHWEST 44TH TERRA
CITY LAUDERHILL
STATE FL
ZIP 333130000
MORT $68,400.00
BAL $67,809.11
RATE 10.750
PAI $694.42
CLTV 90.000
MATURITY 170729
FEE 0.5000
LOAN 0000021849146
LAST_NAME CLARKE
ADDRESS 924 F STREET
CITY FAIRBURY
STATE NE
ZIP 683520000
MORT $42,500.00
BAL $42,451.57
RATE 10.750
PAI $396.73
CLTV 85.000
MATURITY 121104
FEE 0.5000
LOAN 0000021850961
LAST_NAME BROWN
ADDRESS 3821 STEPHANIE DR.SW
CITY ATLANTA
STATE GA
ZIP 303310000
MORT $96,300.00
BAL $96,188.77
RATE 13.050
PAI $1,069.03
CLTV 90.000
MATURITY 120901
FEE 0.5000
LOAN 0000021851415
LAST_NAME VANN
ADDRESS 30 SKYLARK DRIVE
CITY NORTHFORD
STATE CT
ZIP 064720000
MORT $103,000.00
BAL $102,824.77
RATE 11.300
PAI $1,004.31
CLTV 71.034
MATURITY 270901
FEE 0.5000
LOAN 0000021853031
LAST_NAME HENNING
ADDRESS 5074 CLINTON STREET RD
CITY BATAVIA
STATE NY
ZIP 140200000
MORT $24,600.00
BAL $24,483.50
RATE 10.250
PAI $268.13
CLTV 41.694
MATURITY 121201
FEE 0.5000
LOAN 0000021854062
LAST_NAME BONITZ
ADDRESS 1615 W. PIKES PEAK
CITY COLORADO SP
STATE CO
ZIP 809040000
MORT $90,900.00
BAL $90,708.15
RATE 10.300
PAI $817.94
CLTV 90.000
MATURITY 270901
FEE 0.5000
LOAN 0000021854310
LAST_NAME MARTINEZ
ADDRESS 21 SOUTH LOS PINOS DRIVE
CITY BAYFIELD
STATE CO
ZIP 811220000
MORT $50,000.00
BAL $49,504.73
RATE 9.850
PAI $532.72
CLTV 60.975
MATURITY 121021
FEE 0.5000
LOAN 0000021854732
LAST_NAME HOWARD
ADDRESS 226 BEAVERDAM LOOP ROAD
CITY CANDLER
STATE NC
ZIP 287150000
MORT $92,700.00
BAL $92,063.30
RATE 9.800
PAI $882.33
CLTV 86.232
MATURITY 170904
FEE 0.5000
LOAN 0000021855762
LAST_NAME ADAMEC
ADDRESS 26 SANDSTONE DRIVE
CITY EAST WINDSO
STATE NJ
ZIP 085200000
MORT $139,500.00
BAL $139,440.87
RATE 10.200
PAI $1,244.88
CLTV 74.799
MATURITY 280101
FEE 0.5000
LOAN 0000021855937
LAST_NAME JACKSON
ADDRESS 387 CRYSTAL SPRINGS ROAD
CITY VALLEY
STATE AL
ZIP 368540000
MORT $28,800.00
BAL $28,782.16
RATE 13.500
PAI $329.88
CLTV 80.000
MATURITY 270905
FEE 0.5000
LOAN 0000021857917
LAST_NAME KERR
ADDRESS 610 LINCOLN AVENUE
CITY LAKE BLUFF
STATE IL
ZIP 600440000
MORT $51,000.00
BAL $50,937.34
RATE 8.450
PAI $390.35
CLTV 51.907
MATURITY 121217
FEE 0.5000
LOAN 0000021858014
LAST_NAME FARRINGTON
ADDRESS 23 BANKS STREET
CITY SOMERVILLE
STATE MA
ZIP 020520000
MORT $55,000.00
BAL $54,722.31
RATE 10.050
PAI $592.72
CLTV 48.865
MATURITY 121217
FEE 0.5000
LOAN 0000021858832
LAST_NAME JAMES
ADDRESS 23554 LINK LN
CITY PLAINFIELD
STATE IL
ZIP 605440000
MORT $110,500.00
BAL $110,403.88
RATE 10.100
PAI $977.90
CLTV 85.000
MATURITY 121210
FEE 0.5000
LOAN 0000021860473
LAST_NAME ADAMS
ADDRESS 1449 CANNON FARM ROAD
CITY OXFORD
STATE GA
ZIP 302670000
MORT $27,000.00
BAL $26,783.37
RATE 8.950
PAI $273.05
CLTV 79.220
MATURITY 120907
FEE 0.5000
LOAN 0000021860788
LAST_NAME BROWN
ADDRESS 1934 DENBURY DRIVE
CITY BALTIMORE
STATE MD
ZIP 212220000
MORT $81,900.00
BAL $81,651.17
RATE 11.625
PAI $818.87
CLTV 90.000
MATURITY 270501
FEE 0.5000
LOAN 0000021861737
LAST_NAME KOBBAH
ADDRESS 7139 THOMAS BLVD.
CITY PITTSBURGH
STATE PA
ZIP 152080000
MORT $49,000.00
BAL $47,477.09
RATE 10.300
PAI $535.59
CLTV 70.000
MATURITY 120505
FEE 0.5000
LOAN 0000021863402
LAST_NAME SEAMARK
ADDRESS 57221 PONTIAC TRAIL
CITY NEW HUDSON
STATE MI
ZIP 481650000
MORT $15,000.00
BAL $14,532.32
RATE 10.550
PAI $202.83
CLTV 38.983
MATURITY 70627
FEE 0.5000
LOAN 0000021864020
LAST_NAME WHITE
ADDRESS 408 FAIRMOUNT AVENUE
CITY BALTIMORE
STATE MD
ZIP 212860000
MORT $30,000.00
BAL $29,679.95
RATE 8.500
PAI $371.96
CLTV 37.500
MATURITY 71215
FEE 0.5000
LOAN 0000021864236
LAST_NAME SCOTT
ADDRESS 344 PLEASANT ACRES DRIVE
CITY PORTVILLE
STATE NY
ZIP 147700000
MORT $61,600.00
BAL $61,250.58
RATE 8.250
PAI $597.61
CLTV 80.000
MATURITY 121201
FEE 0.5000
LOAN 0000021865324
LAST_NAME FREEMAN
ADDRESS 235-06 118TH AVENUE
CITY CAMBRIA HEI
STATE NY
ZIP 114110000
MORT $40,000.00
BAL $39,589.67
RATE 9.200
PAI $511.05
CLTV 25.013
MATURITY 71215
FEE 0.5000
LOAN 0000021869318
LAST_NAME BUTLER
ADDRESS 347 MACARTHER PKWY
CITY ONEIDA
STATE NY
ZIP 134210000
MORT $45,000.00
BAL $44,801.74
RATE 9.550
PAI $380.03
CLTV 90.000
MATURITY 121101
FEE 0.5000
LOAN 0000021869391
LAST_NAME FORTIN
ADDRESS 524 JOHNSON STREET
CITY NORTH ANDOV
STATE MA
ZIP 018450000
MORT $87,000.00
BAL $86,844.42
RATE 8.200
PAI $738.57
CLTV 44.387
MATURITY 180114
FEE 0.5000
LOAN 0000021871942
LAST_NAME LUCERO
ADDRESS 32300 SHIFTING SANDS TRAI
CITY CITY OF CAT
STATE CA
ZIP 922340000
MORT $27,835.00
BAL $27,835.00
RATE 9.400
PAI $358.66
CLTV 79.998
MATURITY 80202
FEE 0.5000
LOAN 0000021872148
LAST_NAME ANTONUCCI
ADDRESS 120 GOLFVIEW DRIVE
CITY WASHINGTON
STATE NJ
ZIP 080800000
MORT $143,600.00
BAL $143,259.52
RATE 9.750
PAI $1,233.75
CLTV 84.470
MATURITY 270901
FEE 0.5000
LOAN 0000021873096
LAST_NAME SIMMONS
ADDRESS 769 TRESTLE GLEN RD
CITY OAKLAND
STATE CA
ZIP 946100000
MORT $53,665.00
BAL $53,665.00
RATE 9.850
PAI $465.02
CLTV 85.000
MATURITY 130121
FEE 0.5000
LOAN 0000021873666
LAST_NAME FININ
ADDRESS 944 N EAST STREET
CITY KEWANEE
STATE IL
ZIP 614430000
MORT $46,400.00
BAL $46,270.33
RATE 9.600
PAI $435.55
CLTV 84.363
MATURITY 171202
FEE 0.5000
LOAN 0000021874193
LAST_NAME THRASHER
ADDRESS 1709 MCMILLAN AVENUE
CITY BIRMINGHAM
STATE AL
ZIP 352110000
MORT $27,000.00
BAL $26,716.75
RATE 8.800
PAI $339.11
CLTV 77.142
MATURITY 71202
FEE 0.5000
LOAN 0000021874813
LAST_NAME FRAZZINI
ADDRESS 9040 WEBSTER ROAD
CITY CLIO
STATE MI
ZIP 485050000
MORT $102,750.00
BAL $102,413.95
RATE 8.500
PAI $790.06
CLTV 75.000
MATURITY 120901
FEE 0.5000
LOAN 0000021874896
LAST_NAME BRANCATO
ADDRESS 106 AVERY DRIVE, N.
CITY SYRACUSE
STATE NY
ZIP 132120000
MORT $54,400.00
BAL $54,265.42
RATE 8.450
PAI $416.36
CLTV 80.000
MATURITY 121101
FEE 0.5000
LOAN 0000021875109
LAST_NAME PREVETTE
ADDRESS 184 ELMORE RD
CITY NORTH WILKE
STATE NC
ZIP 286590000
MORT $57,600.00
BAL $57,436.74
RATE 9.200
PAI $471.78
CLTV 81.471
MATURITY 120901
FEE 0.5000
LOAN 0000021876479
LAST_NAME GROSZ
ADDRESS 1250 STARLIT DRIVE
CITY CITY OF LAG
STATE CA
ZIP 926510000
MORT $89,000.00
BAL $87,855.22
RATE 10.150
PAI $1,897.57
CLTV 84.860
MATURITY 21223
FEE 0.5000
LOAN 0000021876792
LAST_NAME PERNIE
ADDRESS 106 CAPELLA RD
CITY WASHINGTON
STATE NJ
ZIP 080120000
MORT $143,200.00
BAL $142,098.06
RATE 8.900
PAI $1,279.21
CLTV 80.000
MATURITY 170901
FEE 0.5000
LOAN 0000021877493
LAST_NAME TAYLOR
ADDRESS 12027 SW 110 CIRCLE SOUTH
CITY MIAMI
STATE FL
ZIP 331860000
MORT $61,000.00
BAL $60,805.89
RATE 9.990
PAI $534.87
CLTV 72.619
MATURITY 270701
FEE 0.5000
LOAN 0000021877527
LAST_NAME ZALINGER
ADDRESS 1 GNARLED OAK DRIVE
CITY SETAUKET
STATE NY
ZIP 117330000
MORT $35,000.00
BAL $34,826.49
RATE 9.750
PAI $370.78
CLTV 84.442
MATURITY 121201
FEE 0.5000
LOAN 0000021879804
LAST_NAME WILLIAMS
ADDRESS 52 CULVER AVENUE
CITY JERSEY CITY
STATE NJ
ZIP 073050000
MORT $168,800.00
BAL $164,608.24
RATE 9.990
PAI $2,229.77
CLTV 80.000
MATURITY 70901
FEE 0.5000
LOAN 0000021879838
LAST_NAME GONZALEZ
ADDRESS 9 BLACK CREEK ROAD
CITY VERNON TWP.
STATE NJ
ZIP 074180000
MORT $225,400.00
BAL $223,820.82
RATE 12.250
PAI $2,521.24
CLTV 88.740
MATURITY 170911
FEE 0.5000
LOAN 0000021880208
LAST_NAME MORALES
ADDRESS 110 CASSIDY PLACE
CITY BOROUGH OF
STATE NY
ZIP 103010000
MORT $20,000.00
BAL $19,795.97
RATE 9.300
PAI $256.62
CLTV 70.556
MATURITY 80105
FEE 0.5000
LOAN 0000021880265
LAST_NAME DIETLEIN
ADDRESS 4894 EASTWIND STREET
CITY ORLANDO
STATE FL
ZIP 328120000
MORT $17,000.00
BAL $16,956.75
RATE 10.300
PAI $167.45
CLTV 54.352
MATURITY 171222
FEE 0.5000
LOAN 0000021880513
LAST_NAME MCCONAGHY
ADDRESS 2377 N DANVILLE STREET
CITY ARLINGTON
STATE VA
ZIP 222070000
MORT $42,000.00
BAL $41,804.90
RATE 9.650
PAI $395.62
CLTV 79.108
MATURITY 171201
FEE 0.5000
LOAN 0000021881495
LAST_NAME PEREZ
ADDRESS 1380 WEST 5TH LANE
CITY HIALEAH
STATE FL
ZIP 330120000
MORT $99,000.00
BAL $98,691.37
RATE 10.950
PAI $939.06
CLTV 90.000
MATURITY 121001
FEE 0.5000
LOAN 0000021882964
LAST_NAME BARLOW
ADDRESS 2762 WEST 8250 SOUTH
CITY WEST JORDAN
STATE UT
ZIP 840880000
MORT $23,000.00
BAL $22,901.62
RATE 11.350
PAI $266.50
CLTV 74.521
MATURITY 121201
FEE 0.5000
LOAN 0000021883210
LAST_NAME COFINO
ADDRESS 1533 LAGRANGE AVENUE
CITY SEBRING
STATE FL
ZIP 338700000
MORT $37,703.00
BAL $37,584.55
RATE 8.650
PAI $330.79
CLTV 73.927
MATURITY 171201
FEE 0.5000
LOAN 0000021884309
LAST_NAME MOTT
ADDRESS 5937 CRAWFORD GULCH ROAD
CITY GOLDEN
STATE CO
ZIP 804030000
MORT $15,000.00
BAL $14,925.08
RATE 9.600
PAI $194.92
CLTV 61.606
MATURITY 80116
FEE 0.5000
LOAN 0000021885850
LAST_NAME MARTIN
ADDRESS 2127 BEVERLY PLACE
CITY STOCKTON
STATE CA
ZIP 952040000
MORT $93,000.00
BAL $92,579.65
RATE 9.400
PAI $775.22
CLTV 75.000
MATURITY 120701
FEE 0.5000
LOAN 0000021885926
LAST_NAME LOCKETT
ADDRESS 141 AARON COURT
CITY TROY
STATE MO
ZIP 633790000
MORT $102,000.00
BAL $31,476.82
RATE 9.350
PAI $846.54
CLTV 82.258
MATURITY 271217
FEE 0.5000
LOAN 0000021886437
LAST_NAME DUTTON
ADDRESS 10 VENESS AVENUE
CITY GREECE
STATE NY
ZIP 146160000
MORT $62,100.00
BAL $62,038.01
RATE 9.450
PAI $519.91
CLTV 90.000
MATURITY 121201
FEE 0.5000
LOAN 0000021886544
LAST_NAME TREADWELL
ADDRESS 775 OAK TRAIL
CITY MARIETTA
STATE GA
ZIP 300620000
MORT $200,000.00
BAL $199,632.86
RATE 10.950
PAI $1,897.10
CLTV 81.250
MATURITY 120926
FEE 0.5000
LOAN 0000021886726
LAST_NAME BENJAMIN
ADDRESS 4050 CONGRUITY ROAD
CITY gable
STATE SC
ZIP 290510000
MORT $46,500.00
BAL $46,478.06
RATE 9.700
PAI $397.81
CLTV 71.538
MATURITY 271223
FEE 0.5000
LOAN 0000021888433
LAST_NAME ROBERTS
ADDRESS 3651 LEROY STEVENS ROAD
CITY MOBILE
STATE AL
ZIP 366190000
MORT $9,200.00
BAL $8,965.40
RATE 10.650
PAI $198.43
CLTV 42.856
MATURITY 21208
FEE 0.5000
LOAN 0000021888698
LAST_NAME CASEY
ADDRESS 1763 NW 19TH AVENUE
CITY NEW BRIGHTO
STATE MN
ZIP 551120000
MORT $20,000.00
BAL $19,611.13
RATE 9.550
PAI $209.45
CLTV 79.626
MATURITY 121201
FEE 0.5000
LOAN 0000021889332
LAST_NAME BONNER
ADDRESS 220 STONE AVENUE
CITY LAFAYETTE
STATE LA
ZIP 705070000
MORT $20,000.00
BAL $19,800.53
RATE 9.700
PAI $261.00
CLTV 71.981
MATURITY 71215
FEE 0.5000
LOAN 0000021889589
LAST_NAME ROBERTS
ADDRESS 27403 CARL DRIVE
CITY HARVEST
STATE AL
ZIP 357490000
MORT $15,000.00
BAL $14,869.17
RATE 9.900
PAI $160.28
CLTV 79.240
MATURITY 121107
FEE 0.5000
LOAN 0000021889621
LAST_NAME MOORE
ADDRESS 2432 S KACHINA CIRCLE
CITY TEMPE
STATE AZ
ZIP 852820000
MORT $25,000.00
BAL $24,876.05
RATE 9.750
PAI $264.85
CLTV 77.642
MATURITY 121217
FEE 0.5000
LOAN 0000021889852
LAST_NAME SUNDMAN
ADDRESS 3512 NORDWAY ROAD
CITY CLEVELAND H
STATE OH
ZIP 441180000
MORT $78,750.00
BAL $78,701.74
RATE 8.550
PAI $608.32
CLTV 75.000
MATURITY 280101
FEE 0.5000
LOAN 0000021890413
LAST_NAME RYAN
ADDRESS 10219 E CLINTON AVENUE
CITY SCOTTSDALE
STATE AZ
ZIP 852600000
MORT $40,000.00
BAL $39,593.12
RATE 9.350
PAI $514.32
CLTV 73.801
MATURITY 71210
FEE 0.5000
LOAN 0000021891403
LAST_NAME BELLINO
ADDRESS 1 ROSE HILL ROAD
CITY TOWN OF MT
STATE NY
ZIP 105100000
MORT $65,500.00
BAL $65,247.13
RATE 8.200
PAI $633.54
CLTV 12.358
MATURITY 130112
FEE 0.5000
LOAN 0000021892088
LAST_NAME WEBSTER
ADDRESS 15210 E 171ST STREET SOUT
CITY BIXBY
STATE OK
ZIP 740080000
MORT $16,000.00
BAL $15,365.30
RATE 9.400
PAI $335.25
CLTV 75.583
MATURITY 21201
FEE 0.5000
LOAN 0000021892344
LAST_NAME BUNN
ADDRESS 824 MILLER RD
CITY TIMBERLAKE
STATE NC
ZIP 275830000
MORT $68,000.00
BAL $67,759.01
RATE 10.900
PAI $697.27
CLTV 85.000
MATURITY 171101
FEE 0.5000
LOAN 0000021892658
LAST_NAME CONLEY
ADDRESS 1716 LOWELL DRIVE
CITY FAIRBORN
STATE OH
ZIP 453240000
MORT $21,000.00
BAL $20,892.04
RATE 9.350
PAI $217.40
CLTV 76.582
MATURITY 121201
FEE 0.5000
LOAN 0000021892716
LAST_NAME HILL
ADDRESS 2755 CORONADO PARKWAY
CITY FAYETTEVILL
STATE NC
ZIP 283060000
MORT $20,000.00
BAL $19,722.91
RATE 8.200
PAI $193.45
CLTV 36.101
MATURITY 130113
FEE 0.5000
LOAN 0000021892880
LAST_NAME BEACH
ADDRESS 84 JONES HOLLOW ROAD
CITY MARLBOROUGH
STATE CT
ZIP 064470000
MORT $42,000.00
BAL $41,907.00
RATE 10.200
PAI $410.89
CLTV 30.000
MATURITY 180113
FEE 0.5000
LOAN 0000021893284
LAST_NAME VELASCO
ADDRESS 9520 SAN FRANCISCO STREET
CITY SPRING VALL
STATE CA
ZIP 919770000
MORT $60,000.00
BAL $59,711.91
RATE 10.100
PAI $648.44
CLTV 83.244
MATURITY 121210
FEE 0.5000
LOAN 0000021893342
LAST_NAME LAUDEL
ADDRESS 4812 NW 80TH STREET
CITY KANSAS CITY
STATE MO
ZIP 641510000
MORT $20,000.00
BAL $19,858.16
RATE 9.550
PAI $209.45
CLTV 70.722
MATURITY 121210
FEE 0.5000
LOAN 0000021893805
LAST_NAME THOMAS
ADDRESS 305 WILDWOOD DRIVE
CITY QUINBY
STATE SC
ZIP 295060000
MORT $20,000.00
BAL $19,897.30
RATE 9.400
PAI $207.64
CLTV 74.559
MATURITY 121208
FEE 0.5000
LOAN 0000021895529
LAST_NAME CANEUP
ADDRESS 848 PARK ROAD
CITY LEXINGTON
STATE SC
ZIP 290720000
MORT $15,000.00
BAL $14,928.62
RATE 10.200
PAI $163.04
CLTV 78.257
MATURITY 121212
FEE 0.5000
LOAN 0000021895727
LAST_NAME CALDWELL
ADDRESS 3366 AUTUMN RIDGE DRIVE
CITY CHARLOTTE
STATE NC
ZIP 282690000
MORT $20,000.00
BAL $20,000.00
RATE 10.150
PAI $265.97
CLTV 84.853
MATURITY 80202
FEE 0.5000
LOAN 0000021895776
LAST_NAME CAHOON
ADDRESS 2719 GEORGE OWEN ROAD
CITY FAYETTEVILL
STATE NC
ZIP 283060000
MORT $56,700.00
BAL $56,542.11
RATE 9.600
PAI $532.23
CLTV 90.000
MATURITY 171201
FEE 0.5000
LOAN 0000021895917
LAST_NAME RUSSO
ADDRESS 33 EDGEWOOD AVE.
CITY GREENWICH
STATE CT
ZIP 068300000
MORT $35,000.00
BAL $34,560.57
RATE 9.990
PAI $337.53
CLTV 58.117
MATURITY 171006
FEE 0.5000
LOAN 0000021896410
LAST_NAME MORROW
ADDRESS 1310 BRINKLEY DRIVE
CITY JACKSON
STATE MS
ZIP 392130000
MORT $70,560.00
BAL $69,779.60
RATE 7.850
PAI $850.51
CLTV 72.000
MATURITY 71202
FEE 0.5000
LOAN 0000021896808
LAST_NAME MATHEW
ADDRESS 6 KELTZ STREET
CITY TOWN OF CLA
STATE NY
ZIP 109560000
MORT $21,000.00
BAL $20,786.99
RATE 9.400
PAI $270.59
CLTV 67.341
MATURITY 71210
FEE 0.5000
LOAN 0000021897012
LAST_NAME COOPER
ADDRESS 54 CANN RD
CITY NEWARK
STATE DE
ZIP 197020000
MORT $30,000.00
BAL $29,872.20
RATE 10.450
PAI $298.51
CLTV 42.466
MATURITY 171201
FEE 0.5000
LOAN 0000021897061
LAST_NAME DOHERTY
ADDRESS 11 G STREET
CITY HULL
STATE MA
ZIP 020450000
MORT $40,000.00
BAL $39,606.67
RATE 9.750
PAI $423.75
CLTV 69.396
MATURITY 121205
FEE 0.5000
LOAN 0000021897087
LAST_NAME YUNG
ADDRESS 6325 LEMON AVENUE
CITY SAN GABRIEL
STATE CA
ZIP 917750000
MORT $45,300.00
BAL $45,069.23
RATE 9.450
PAI $471.67
CLTV 75.843
MATURITY 121208
FEE 0.5000
LOAN 0000021897095
LAST_NAME GAUDIO
ADDRESS 3 MAGGIOLO DR.
CITY PEARL RIVER
STATE NY
ZIP 109650000
MORT $80,000.00
BAL $79,481.95
RATE 11.300
PAI $924.40
CLTV 50.414
MATURITY 121101
FEE 0.5000
LOAN 0000021897152
LAST_NAME WHITEHOUSE
ADDRESS 10705 JUNIPER
CITY FONTANA
STATE CA
ZIP 923370000
MORT $25,000.00
BAL $24,813.32
RATE 9.750
PAI $264.85
CLTV 76.940
MATURITY 121110
FEE 0.5000
LOAN 0000021897368
LAST_NAME CALALA
ADDRESS 2178 CARABEL AVENUE
CITY LAKEWOOD
STATE OH
ZIP 441070000
MORT $81,000.00
BAL $80,916.56
RATE 9.300
PAI $669.31
CLTV 90.000
MATURITY 271215
FEE 0.5000
LOAN 0000021898036
LAST_NAME PAKHAMOV
ADDRESS 30 CORBIN PLACE
CITY BROOKLYN
STATE NY
ZIP 112350000
MORT $41,800.00
BAL $41,599.30
RATE 10.100
PAI $451.75
CLTV 84.949
MATURITY 121224
FEE 0.5000
LOAN 0000021898838
LAST_NAME WESTBROOK
ADDRESS 5653 BRUSHTON STREET
CITY LOS ANGELES
STATE CA
ZIP 900080000
MORT $20,000.00
BAL $19,954.12
RATE 10.550
PAI $221.71
CLTV 76.782
MATURITY 130126
FEE 0.5000
LOAN 0000021898879
LAST_NAME PETTIT
ADDRESS 8 KLAFFKY COURT
CITY HUNTINGTON
STATE NY
ZIP 117430000
MORT $24,100.00
BAL $23,865.06
RATE 10.100
PAI $319.82
CLTV 84.817
MATURITY 71229
FEE 0.5000
LOAN 0000021899372
LAST_NAME SULLIVAN
ADDRESS 109 SEMINOLE DRIVE
CITY BARRINGTON
STATE IL
ZIP 600100000
MORT $50,000.00
BAL $49,638.36
RATE 10.100
PAI $540.37
CLTV 82.579
MATURITY 121202
FEE 0.5000
LOAN 0000021899877
LAST_NAME BOYINGTON
ADDRESS 103 JANET LANE
CITY LAKELAND
STATE FL
ZIP 338090000
MORT $59,500.00
BAL $59,341.00
RATE 10.000
PAI $574.19
CLTV 85.000
MATURITY 171210
FEE 0.5000
LOAN 0000021899950
LAST_NAME WILLIAMS
ADDRESS 1308 FLANDERS ST
CITY NEW ORLEANS
STATE LA
ZIP 701140000
MORT $35,000.00
BAL $34,807.90
RATE 8.700
PAI $348.78
CLTV 72.164
MATURITY 121215
FEE 0.5000
LOAN 0000021900071
LAST_NAME ZELLER
ADDRESS 4147 E 61ST STREET
CITY INDIANAPOLI
STATE IN
ZIP 462200000
MORT $44,800.00
BAL $44,585.86
RATE 10.150
PAI $485.55
CLTV 84.692
MATURITY 121224
FEE 0.5000
LOAN 0000021900261
LAST_NAME HOLDORF
ADDRESS 31 OREGON AVENUE
CITY BROOKHAVEN
STATE NY
ZIP 117630000
MORT $13,880.00
BAL $13,816.34
RATE 10.600
PAI $154.30
CLTV 84.998
MATURITY 121201
FEE 0.5000
LOAN 0000021900360
LAST_NAME CASSADAY
ADDRESS 2315 NORTH LAZONA DRIVE
CITY MESA
STATE AZ
ZIP 852030000
MORT $21,000.00
BAL $20,893.02
RATE 9.450
PAI $218.66
CLTV 75.451
MATURITY 121201
FEE 0.5000
LOAN 0000021900519
LAST_NAME RICHARDSON
ADDRESS 1118 30TH AVENUE
CITY BELLWOOD
STATE IL
ZIP 601040000
MORT $68,500.00
BAL $68,336.23
RATE 10.100
PAI $740.31
CLTV 61.711
MATURITY 121229
FEE 0.5000
LOAN 0000021900725
LAST_NAME WARD
ADDRESS 3531 WINDY HOLLOW ROAD
CITY MARIPOSA
STATE CA
ZIP 953380000
MORT $7,000.00
BAL $6,953.39
RATE 9.450
PAI $72.89
CLTV 73.721
MATURITY 121202
FEE 0.5000
LOAN 0000021901269
LAST_NAME RAY
ADDRESS 9399 ELM ST
CITY CHADWICKS
STATE NY
ZIP 133190000
MORT $44,000.00
BAL $43,946.51
RATE 8.500
PAI $338.32
CLTV 80.000
MATURITY 121201
FEE 0.5000
LOAN 0000021901632
LAST_NAME LUBBESS
ADDRESS 355 SPRINGLAKE DRIVE
CITY LAWRENCEVIL
STATE GA
ZIP 302450000
MORT $91,800.00
BAL $90,869.91
RATE 9.600
PAI $964.15
CLTV 90.000
MATURITY 121022
FEE 0.5000
LOAN 0000021902119
LAST_NAME WEATHERLY
ADDRESS 7507 COLONEL LINDSAY DRIV
CITY FALLS CHURC
STATE VA
ZIP 220430000
MORT $50,000.00
BAL $49,763.18
RATE 10.250
PAI $544.98
CLTV 80.272
MATURITY 121222
FEE 0.5000
LOAN 0000021902663
LAST_NAME PLOCH
ADDRESS 6754 NORBORNE AVE
CITY DEARBORN
STATE MI
ZIP 481270000
MORT $16,400.00
BAL $16,300.32
RATE 10.750
PAI $166.50
CLTV 84.766
MATURITY 170919
FEE 0.5000
LOAN 0000021903653
LAST_NAME REYNOLDS
ADDRESS 22 N. LAKE CORTEZ DRIVE
CITY APOPKA
STATE FL
ZIP 327030000
MORT $20,000.00
BAL $19,905.71
RATE 10.300
PAI $218.61
CLTV 53.623
MATURITY 121215
FEE 0.5000
LOAN 0000021903703
LAST_NAME JANOVAS
ADDRESS 25-07 85TH STREET
CITY JACKSON HEI
STATE NY
ZIP 113700000
MORT $62,800.00
BAL $62,457.74
RATE 8.700
PAI $625.81
CLTV 36.941
MATURITY 121217
FEE 0.5000
LOAN 0000021904313
LAST_NAME SANTO
ADDRESS 20 DELAINE STREET
CITY WARWICK
STATE RI
ZIP 028860000
MORT $16,000.00
BAL $15,847.54
RATE 10.500
PAI $215.90
CLTV 82.952
MATURITY 71201
FEE 0.5000
LOAN 0000021904537
LAST_NAME ULVEN
ADDRESS 701 MAPLE AVENUE
CITY MACHESNEY P
STATE IL
ZIP 611150000
MORT $65,400.00
BAL $65,326.77
RATE 8.900
PAI $521.53
CLTV 80.740
MATURITY 121126
FEE 0.5000
LOAN 0000021904602
LAST_NAME CIRILLO
ADDRESS 100 COVE WAY
CITY QUINCY
STATE MA
ZIP 021690000
MORT $57,000.00
BAL $56,671.75
RATE 8.550
PAI $562.97
CLTV 57.000
MATURITY 121217
FEE 0.5000
LOAN 0000021904669
LAST_NAME MULLEN
ADDRESS 609 LAKE STREET
CITY HAVERHILL
STATE MA
ZIP 018300000
MORT $76,745.00
BAL $76,615.70
RATE 8.500
PAI $590.10
CLTV 54.045
MATURITY 271201
FEE 0.5000
LOAN 0000021905310
LAST_NAME FLORES
ADDRESS 617 MCCLURE AVENUE
CITY ELGIN
STATE IL
ZIP 601230000
MORT $114,300.00
BAL $114,194.03
RATE 9.800
PAI $986.22
CLTV 90.000
MATURITY 121201
FEE 0.5000
LOAN 0000021905690
LAST_NAME RANNEY
ADDRESS 152 ERIE STREET
CITY LOCKPORT
STATE NY
ZIP 140940000
MORT $8,000.00
BAL $7,979.97
RATE 9.600
PAI $84.03
CLTV 73.512
MATURITY 130201
FEE 0.5000
LOAN 0000021906193
LAST_NAME BOGAN
ADDRESS 1622 NW KEASEY STREET
CITY ROSEBURG
STATE OR
ZIP 974700000
MORT $30,000.00
BAL $29,895.43
RATE 10.350
PAI $296.50
CLTV 79.724
MATURITY 171201
FEE 0.5000
LOAN 0000021906227
LAST_NAME GEE
ADDRESS 13 NORTH STREET
CITY JOHNSON CIT
STATE NY
ZIP 137900000
MORT $31,000.00
BAL $31,000.00
RATE 8.600
PAI $307.09
CLTV 50.000
MATURITY 130204
FEE 0.5000
LOAN 0000021906417
LAST_NAME PRYOR
ADDRESS 2028 EMERSON ST
CITY EVANSTON
STATE IL
ZIP 602010000
MORT $145,000.00
BAL $144,733.03
RATE 8.450
PAI $1,109.80
CLTV 71.428
MATURITY 121205
FEE 0.5000
LOAN 0000021906441
LAST_NAME TOWNSEND
ADDRESS 3458 KOWALIGA ROAD
CITY ECLECTIC
STATE AL
ZIP 360240000
MORT $16,000.00
BAL $15,923.52
RATE 10.150
PAI $173.41
CLTV 82.291
MATURITY 121229
FEE 0.5000
LOAN 0000021906813
LAST_NAME OLIVAS
ADDRESS 601 N 9TH STREET
CITY CARLSBAD
STATE NM
ZIP 882200000
MORT $33,000.00
BAL $32,899.53
RATE 8.900
PAI $294.80
CLTV 51.162
MATURITY 171219
FEE 0.5000
LOAN 0000021906995
LAST_NAME CALDWELL
ADDRESS 14 WIDE BEACH ROAD
CITY BRANT
STATE NY
ZIP 140810000
MORT $60,000.00
BAL $59,929.25
RATE 8.650
PAI $467.75
CLTV 80.000
MATURITY 271219
FEE 0.5000
LOAN 0000021907449
LAST_NAME EIGHMEY
ADDRESS SCOTCH MOUNTAIN ROAD
CITY DELHI
STATE NY
ZIP 137530000
MORT $52,200.00
BAL $52,200.00
RATE 11.000
PAI $497.11
CLTV 90.000
MATURITY 130204
FEE 0.5000
LOAN 0000021907761
LAST_NAME STEVENS
ADDRESS 1353 OHIO LANE CAROLINA T
CITY SANFORD
STATE NC
ZIP 273300000
MORT $25,000.00
BAL $24,644.26
RATE 9.600
PAI $324.87
CLTV 75.370
MATURITY 71216
FEE 0.5000
LOAN 0000021907787
LAST_NAME CLEMMONS
ADDRESS 17557 MARX
CITY DETROIT
STATE MI
ZIP 482030000
MORT $27,200.00
BAL $27,153.74
RATE 11.300
PAI $265.21
CLTV 80.000
MATURITY 121001
FEE 0.5000
LOAN 0000021908223
LAST_NAME BAXTER
ADDRESS 104 CONLEY DRIVE
CITY CHESTERTOWN
STATE MD
ZIP 216200000
MORT $64,000.00
BAL $63,813.81
RATE 8.300
PAI $547.34
CLTV 80.000
MATURITY 171229
FEE 0.5000
LOAN 0000021908249
LAST_NAME BELL
ADDRESS 2228 SOUTH GRAND AVE EAST
CITY SPRINGFIELD
STATE IL
ZIP 627030000
MORT $16,000.00
BAL $15,578.22
RATE 8.700
PAI $159.44
CLTV 80.000
MATURITY 121201
FEE 0.5000
LOAN 0000021908348
LAST_NAME WAGNER
ADDRESS 2601 DORAN ROAD
CITY LIMA
STATE NY
ZIP 144850000
MORT $31,000.00
BAL $30,827.24
RATE 8.450
PAI $304.37
CLTV 38.750
MATURITY 121219
FEE 0.5000
LOAN 0000021908553
LAST_NAME ZUG
ADDRESS 6641 ALDERSON LANE
CITY BONNERS FER
STATE ID
ZIP 838050000
MORT $71,400.00
BAL $71,324.26
RATE 9.450
PAI $597.77
CLTV 85.000
MATURITY 121209
FEE 0.5000
LOAN 0000021909056
LAST_NAME CARRION
ADDRESS 221 OLDE SPRINGS ROAD
CITY COLUMBIA
STATE SC
ZIP 292230000
MORT $34,550.00
BAL $34,550.00
RATE 10.050
PAI $372.34
CLTV 84.997
MATURITY 130202
FEE 0.5000
LOAN 0000021909189
LAST_NAME FITZMAURICE
ADDRESS 115 RATHFARNHAM CIRCLE
CITY ASHEVILLE
STATE NC
ZIP 288030000
MORT $63,400.00
BAL $63,081.39
RATE 9.600
PAI $665.87
CLTV 39.131
MATURITY 121209
FEE 0.5000
LOAN 0000021909585
LAST_NAME MARTINEZ
ADDRESS 434 HIGHWAY 11
CITY LA MADERA
STATE NM
ZIP 875390000
MORT $34,000.00
BAL $34,000.00
RATE 9.300
PAI $436.24
CLTV 45.073
MATURITY 80202
FEE 0.5000
LOAN 0000021909643
LAST_NAME BENSON
ADDRESS 1134 WILLITS DRIVE
CITY CITY OF COR
STATE CA
ZIP 917200000
MORT $28,900.00
BAL $28,817.42
RATE 9.400
PAI $267.51
CLTV 65.845
MATURITY 171222
FEE 0.5000
LOAN 0000021909783
LAST_NAME HERMOGINO
ADDRESS 11141 BOEGER COURT
CITY WESTCHESTER
STATE IL
ZIP 601540000
MORT $25,000.00
BAL $24,834.48
RATE 9.600
PAI $262.57
CLTV 70.919
MATURITY 121201
FEE 0.5000
LOAN 0000021910112
LAST_NAME ODOWD
ADDRESS 2350 TUMBLETREE WAY
CITY RESTON
STATE VA
ZIP 201910000
MORT $31,500.00
BAL $30,672.37
RATE 9.500
PAI $661.56
CLTV 72.058
MATURITY 21210
FEE 0.5000
LOAN 0000021910369
LAST_NAME DEVINE
ADDRESS 122 SHAPELAND AVENUE
CITY VILLAS
STATE NJ
ZIP 082510000
MORT $88,000.00
BAL $87,902.92
RATE 10.050
PAI $775.52
CLTV 77.192
MATURITY 271218
FEE 0.5000
LOAN 0000021910385
LAST_NAME NOVELLO
ADDRESS 2018 COYLE STREET
CITY BROOKLYN
STATE NY
ZIP 112290000
MORT $80,000.00
BAL $79,871.16
RATE 10.500
PAI $731.79
CLTV 43.243
MATURITY 271006
FEE 0.5000
LOAN 0000021910633
LAST_NAME WILKENS
ADDRESS 727 E 20TH STREET
CITY BALTIMORE
STATE MD
ZIP 212180000
MORT $32,600.00
BAL $32,517.66
RATE 9.500
PAI $340.42
CLTV 72.444
MATURITY 121203
FEE 0.5000
LOAN 0000021910724
LAST_NAME BETROS
ADDRESS 1109 ARDEN STREET
CITY STATEN ISLA
STATE NY
ZIP 103120000
MORT $12,500.00
BAL $12,470.52
RATE 10.250
PAI $136.25
CLTV 83.717
MATURITY 130109
FEE 0.5000
LOAN 0000021910831
LAST_NAME TUBBS
ADDRESS 20182 CALHOUN RD
CITY MCCALLA
STATE AL
ZIP 351110000
MORT $20,475.00
BAL $20,268.47
RATE 9.500
PAI $264.95
CLTV 79.932
MATURITY 71210
FEE 0.5000
LOAN 0000021910849
LAST_NAME SCHLENKER
ADDRESS 10865 TINKHAM ROAD
CITY DARIEN CENT
STATE NY
ZIP 140400000
MORT $34,000.00
BAL $33,626.10
RATE 8.550
PAI $296.14
CLTV 43.589
MATURITY 171217
FEE 0.5000
LOAN 0000021910914
LAST_NAME HOUSEL
ADDRESS 2800 COMBS CANYON ROAD
CITY CARSON CITY
STATE NV
ZIP 897030000
MORT $40,000.00
BAL $39,825.98
RATE 9.600
PAI $375.47
CLTV 67.402
MATURITY 171209
FEE 0.5000
LOAN 0000021911219
LAST_NAME DANIEL
ADDRESS 1528 SW 17TH WAY
CITY BIRMINGHAM
STATE AL
ZIP 352110000
MORT $35,000.00
BAL $35,000.00
RATE 8.400
PAI $301.53
CLTV 70.000
MATURITY 180211
FEE 0.5000
LOAN 0000021911292
LAST_NAME EVERETTS
ADDRESS 302 S. HAZELWOOD AVENUE
CITY DAVENPORT
STATE IA
ZIP 528020000
MORT $41,027.00
BAL $40,987.78
RATE 9.550
PAI $346.48
CLTV 87.291
MATURITY 130111
FEE 0.5000
LOAN 0000021911409
LAST_NAME PUPILLA
ADDRESS 33 STARLIT DRIVE
CITY NORTHPORT
STATE NY
ZIP 117680000
MORT $50,000.00
BAL $49,746.44
RATE 9.500
PAI $522.11
CLTV 71.022
MATURITY 121201
FEE 0.5000
LOAN 0000021911417
LAST_NAME WALTON
ADDRESS 3706 KEYSTONE MANOR PLACE
CITY FORESTVILLE
STATE MD
ZIP 200020000
MORT $86,500.00
BAL $86,322.97
RATE 9.000
PAI $696.00
CLTV 75.877
MATURITY 121020
FEE 0.5000
LOAN 0000021911730
LAST_NAME HITTINGER
ADDRESS 4294 HAWKINSVILLE RD
CITY PINEHURST
STATE GA
ZIP 310700000
MORT $177,300.00
BAL $176,977.36
RATE 10.990
PAI $1,687.13
CLTV 90.000
MATURITY 120924
FEE 0.5000
LOAN 0000021911748
LAST_NAME MEDRANO
ADDRESS 613 NORTON AVENUE
CITY JOLIET
STATE IL
ZIP 604360000
MORT $34,000.00
BAL $33,400.12
RATE 8.600
PAI $423.38
CLTV 85.000
MATURITY 71201
FEE 0.5000
LOAN 0000021911888
LAST_NAME MOUGH
ADDRESS 525 SOUTH RIVER ROAD
CITY COTTAGE GRO
STATE OR
ZIP 974240000
MORT $60,000.00
BAL $59,822.19
RATE 9.600
PAI $563.21
CLTV 75.000
MATURITY 171208
FEE 0.5000
LOAN 0000021911904
LAST_NAME TEAGUE
ADDRESS 8640 S BENNETT
CITY CHICAGO
STATE IL
ZIP 606170000
MORT $35,166.00
BAL $34,965.64
RATE 8.200
PAI $340.14
CLTV 43.957
MATURITY 121223
FEE 0.5000
LOAN 0000021912050
LAST_NAME RAY
ADDRESS 318 SIXTH STREET N.W.
CITY NEW PHILADE
STATE OH
ZIP 446630000
MORT $66,400.00
BAL $66,186.11
RATE 8.450
PAI $574.14
CLTV 80.000
MATURITY 171203
FEE 0.5000
LOAN 0000021912175
LAST_NAME WHITE
ADDRESS 13940 S SPRINKLE AVENUE
CITY BAYOU LA BA
STATE AL
ZIP 365090000
MORT $23,250.00
BAL $23,143.38
RATE 10.600
PAI $258.45
CLTV 75.000
MATURITY 121216
FEE 0.5000
LOAN 0000021912316
LAST_NAME CURTIS
ADDRESS 6231 SOLEDAD
CITY RIVERSIDE
STATE CA
ZIP 925040000
MORT $15,768.00
BAL $15,768.00
RATE 8.100
PAI $151.60
CLTV 18.550
MATURITY 130225
FEE 0.5000
LOAN 0000021912894
LAST_NAME PANNOMAREW
ADDRESS 203 1/2 SOUTH HARRIS STRE
CITY TOWN OF BRE
STATE CO
ZIP 804240000
MORT $102,400.00
BAL $102,360.17
RATE 10.600
PAI $944.36
CLTV 69.995
MATURITY 121229
FEE 0.5000
LOAN 0000021913017
LAST_NAME ELLIS
ADDRESS 4607 S. CARNEGIE TECH ST
CITY WEST VALLEY
STATE UT
ZIP 841200000
MORT $15,000.00
BAL $14,831.41
RATE 9.600
PAI $157.55
CLTV 56.554
MATURITY 121208
FEE 0.5000
LOAN 0000021913298
LAST_NAME LYNCH, III
ADDRESS 889 RIDGEHILL DRIVE
CITY SUMTER TOWN
STATE SC
ZIP 291500000
MORT $19,600.00
BAL $19,248.48
RATE 9.600
PAI $205.86
CLTV 72.825
MATURITY 121208
FEE 0.5000
LOAN 0000021913306
LAST_NAME LEYVA
ADDRESS 11029 BEGONIA AVENUE
CITY FOUNTAIN VA
STATE CA
ZIP 927080000
MORT $22,000.00
BAL $21,863.23
RATE 9.850
PAI $234.40
CLTV 41.129
MATURITY 121025
FEE 0.5000
LOAN 0000021913322
LAST_NAME WEBER
ADDRESS 11 ST JOHN STREET
CITY NORTH HAVEN
STATE CT
ZIP 064730000
MORT $110,500.00
BAL $110,375.00
RATE 8.850
PAI $877.21
CLTV 85.000
MATURITY 271201
FEE 0.5000
LOAN 0000021913330
LAST_NAME NEAL
ADDRESS 5927 ERA
CITY CITY OF ST.
STATE MO
ZIP 631470000
MORT $25,000.00
BAL $24,861.92
RATE 8.550
PAI $246.92
CLTV 43.859
MATURITY 121202
FEE 0.5000
LOAN 0000021913348
LAST_NAME MATHIS
ADDRESS 6429 SANTA FE TRAIL
CITY FLINT TOWNS
STATE MI
ZIP 485320000
MORT $213,000.00
BAL $211,813.24
RATE 8.050
PAI $1,788.26
CLTV 73.448
MATURITY 171201
FEE 0.5000
LOAN 0000021913405
LAST_NAME GALINDO
ADDRESS 913 ALAMOSA
CITY CARLSBAD
STATE NM
ZIP 882200000
MORT $51,000.00
BAL $50,945.21
RATE 9.100
PAI $414.04
CLTV 68.456
MATURITY 271202
FEE 0.5000
LOAN 0000021913512
LAST_NAME MALONEY
ADDRESS 8970 ANNISTON DRIVE
CITY ELBERTA
STATE AL
ZIP 365300000
MORT $40,375.00
BAL $40,289.52
RATE 12.200
PAI $450.21
CLTV 85.000
MATURITY 171217
FEE 0.5000
LOAN 0000021913587
LAST_NAME BIDDINGER
ADDRESS 509 NORTH OAK STREET
CITY PONCA CITY
STATE OK
ZIP 746010000
MORT $32,000.00
BAL $31,909.95
RATE 8.300
PAI $311.38
CLTV 80.000
MATURITY 121229
FEE 0.5000
LOAN 0000021913942
LAST_NAME STARLING
ADDRESS ROUTE 4, BOX 530
CITY STARKE
STATE FL
ZIP 320910000
MORT $76,500.00
BAL $76,437.60
RATE 10.650
PAI $708.37
CLTV 90.000
MATURITY 271208
FEE 0.5000
LOAN 0000021914064
LAST_NAME MCCULLOUGH
ADDRESS 4022 CARNEGIE STREET
CITY CITY OF WAY
STATE MI
ZIP 481840000
MORT $18,000.00
BAL $17,932.25
RATE 10.150
PAI $195.09
CLTV 84.531
MATURITY 121224
FEE 0.5000
LOAN 0000021914106
LAST_NAME RADEFF
ADDRESS 4173 HARLEM RD
CITY SNYDER
STATE NY
ZIP 142260000
MORT $50,000.00
BAL $49,744.14
RATE 9.400
PAI $519.10
CLTV 68.493
MATURITY 121201
FEE 0.5000
LOAN 0000021914411
LAST_NAME NEVAREZ
ADDRESS 2843 ROSE STREET
CITY FRANKLIN PA
STATE IL
ZIP 601310000
MORT $30,212.00
BAL $30,060.17
RATE 9.600
PAI $317.31
CLTV 77.262
MATURITY 121208
FEE 0.5000
LOAN 0000021914536
LAST_NAME WHITE
ADDRESS 446 GLENBROOK DRIVE
CITY RALEIGH
STATE NC
ZIP 276100000
MORT $53,900.00
BAL $53,612.76
RATE 8.950
PAI $545.09
CLTV 67.375
MATURITY 121210
FEE 0.5000
LOAN 0000021914759
LAST_NAME GONZALES
ADDRESS 21315 E 44TH AVENUE
CITY DENVER
STATE CO
ZIP 802490000
MORT $19,900.00
BAL $19,806.62
RATE 10.350
PAI $218.13
CLTV 84.991
MATURITY 121209
FEE 0.5000
LOAN 0000021914981
LAST_NAME GUTH
ADDRESS 23 DOROTHY DRIVE
CITY SYOSSET
STATE NY
ZIP 117910000
MORT $120,000.00
BAL $119,887.57
RATE 9.750
PAI $1,030.99
CLTV 68.965
MATURITY 271201
FEE 0.5000
LOAN 0000021915020
LAST_NAME BARTHELEMY
ADDRESS 295 HARDING AVENUE
CITY TEANECK
STATE NJ
ZIP 076660000
MORT $20,700.00
BAL $20,602.86
RATE 10.350
PAI $226.90
CLTV 84.988
MATURITY 121208
FEE 0.5000
LOAN 0000021915079
LAST_NAME STEVENS
ADDRESS RT 2 BOX 390-C
CITY PRINCETON
STATE IN
ZIP 476700000
MORT $68,000.00
BAL $67,779.57
RATE 8.400
PAI $585.83
CLTV 80.000
MATURITY 171217
FEE 0.5000
LOAN 0000021915152
LAST_NAME SCHORK
ADDRESS 2209 PINCIAN DRIVE
CITY FENTON
STATE MO
ZIP 630260000
MORT $85,850.00
BAL $85,728.85
RATE 9.750
PAI $737.59
CLTV 85.000
MATURITY 271101
FEE 0.5000
LOAN 0000021915335
LAST_NAME KELLER
ADDRESS RR2 BOX 18C
CITY TURPIN
STATE OK
ZIP 739500000
MORT $85,500.00
BAL $85,236.44
RATE 8.950
PAI $766.52
CLTV 90.000
MATURITY 171215
FEE 0.5000
LOAN 0000021915368
LAST_NAME LYNCH
ADDRESS 14166 AVENT ROAD
CITY WHITAKER
STATE NC
ZIP 278910000
MORT $43,500.00
BAL $43,378.09
RATE 9.550
PAI $406.90
CLTV 79.090
MATURITY 171201
FEE 0.5000
LOAN 0000021915541
LAST_NAME RILEY
ADDRESS 107 W WASHINGTON STREET
CITY OAKPARK
STATE IL
ZIP 603020000
MORT $95,600.00
BAL $95,409.58
RATE 8.600
PAI $741.87
CLTV 79.666
MATURITY 121208
FEE 0.5000
LOAN 0000021915590
LAST_NAME NEWPORT
ADDRESS 1211 E MULLAN
CITY OSBURN
STATE ID
ZIP 838490000
MORT $15,000.00
BAL $14,839.64
RATE 9.000
PAI $152.14
CLTV 22.727
MATURITY 121027
FEE 0.5000
LOAN 0000021915608
LAST_NAME RICE
ADDRESS 05419 TWIN PALMS ROAD
CITY FRUITLAND P
STATE FL
ZIP 347310000
MORT $20,000.00
BAL $19,798.84
RATE 9.550
PAI $259.35
CLTV 80.000
MATURITY 71219
FEE 0.5000
LOAN 0000021915863
LAST_NAME MURPHY
ADDRESS 1001 S KALAMAZOO AVE
CITY MARSHALL
STATE MI
ZIP 490680000
MORT $93,500.00
BAL $93,500.00
RATE 9.150
PAI $762.44
CLTV 74.800
MATURITY 130216
FEE 0.5000
LOAN 0000021915988
LAST_NAME AMATO
ADDRESS 3489 BOSWORTH ROAD
CITY CLEVELAND
STATE OH
ZIP 441110000
MORT $102,000.00
BAL $101,945.43
RATE 9.100
PAI $828.07
CLTV 85.000
MATURITY 130114
FEE 0.5000
LOAN 0000021916010
LAST_NAME BENTON
ADDRESS ROUTE 2 BOX 782 HWY 21
CITY RUFFIN
STATE SC
ZIP 294750000
MORT $35,500.00
BAL $35,325.60
RATE 9.850
PAI $378.24
CLTV 78.021
MATURITY 121208
FEE 0.5000
LOAN 0000021916036
LAST_NAME FAGAN
ADDRESS 114 HUDSON STREET
CITY NORTHBOROUG
STATE MA
ZIP 015320000
MORT $41,500.00
BAL $41,109.35
RATE 10.300
PAI $373.43
CLTV 85.000
MATURITY 271223
FEE 0.5000
LOAN 0000021916101
LAST_NAME MOBLEY
ADDRESS 342 E. MOUNT AIRY AVENUE
CITY PHILADELPHI
STATE PA
ZIP 191190000
MORT $95,000.00
BAL $94,891.40
RATE 8.800
PAI $750.77
CLTV 70.370
MATURITY 271217
FEE 0.5000
LOAN 0000021916184
LAST_NAME FUGAL
ADDRESS 28 MIMOSA ROAD
CITY SANTA FE
STATE NM
ZIP 875050000
MORT $29,550.00
BAL $29,499.53
RATE 10.700
PAI $299.01
CLTV 79.999
MATURITY 171222
FEE 0.5000
LOAN 0000021916341
LAST_NAME BLAZER
ADDRESS 1901 GRISTMILL ROAD
CITY LITTLE ROCK
STATE AR
ZIP 722270000
MORT $118,000.00
BAL $116,705.70
RATE 8.000
PAI $1,431.67
CLTV 75.159
MATURITY 71219
FEE 0.5000
LOAN 0000021916408
LAST_NAME WHITEHURST
ADDRESS 5196 N OLD RIVER ROAD
CITY STATESBORO
STATE GA
ZIP 304610000
MORT $20,000.00
BAL $19,896.72
RATE 9.300
PAI $206.44
CLTV 56.855
MATURITY 121208
FEE 0.5000
LOAN 0000021916465
LAST_NAME KING
ADDRESS 17511 PENNINGTON DRIVE
CITY DETROIT
STATE MI
ZIP 482210000
MORT $15,000.00
BAL $14,606.38
RATE 9.550
PAI $315.40
CLTV 64.838
MATURITY 21208
FEE 0.5000
LOAN 0000021916523
LAST_NAME GRANNAN
ADDRESS 1016 SEDWICK ROAD WEST
CITY DURHAM
STATE NC
ZIP 277130000
MORT $114,750.00
BAL $114,634.25
RATE 9.400
PAI $956.52
CLTV 87.595
MATURITY 271201
FEE 0.5000
LOAN 0000021916531
LAST_NAME RESPESS
ADDRESS 1125 FRANKLIN STREET
CITY JACKSONVILL
STATE FL
ZIP 322060000
MORT $21,300.00
BAL $21,242.18
RATE 9.800
PAI $202.74
CLTV 59.166
MATURITY 171105
FEE 0.5000
LOAN 0000021916861
LAST_NAME LEITZEL
ADDRESS 2214 BOAS STREET
CITY HARRISBURG
STATE PA
ZIP 171030000
MORT $76,000.00
BAL $75,559.27
RATE 8.000
PAI $726.30
CLTV 80.000
MATURITY 121208
FEE 0.5000
LOAN 0000021917042
LAST_NAME SNYDER
ADDRESS 27 PENN STREET
CITY FARMINGDALE
STATE NY
ZIP 117350000
MORT $123,000.00
BAL $122,837.71
RATE 8.100
PAI $911.12
CLTV 61.194
MATURITY 271212
FEE 0.5000
LOAN 0000021917083
LAST_NAME PARKER
ADDRESS 1900 WILFORD ROAD
CITY CLEARWATER
STATE FL
ZIP 346200000
MORT $38,500.00
BAL $38,363.27
RATE 8.850
PAI $342.69
CLTV 59.230
MATURITY 171129
FEE 0.5000
LOAN 0000021917216
LAST_NAME GRAEF
ADDRESS 14026 E. PARSLEY DRIVE
CITY MADEIRA BEA
STATE FL
ZIP 337080000
MORT $17,500.00
BAL $17,453.54
RATE 8.950
PAI $176.98
CLTV 57.213
MATURITY 130106
FEE 0.5000
LOAN 0000021917422
LAST_NAME SHELY
ADDRESS 2732 FONTENELLE BLVD
CITY OMAHA
STATE NE
ZIP 681040000
MORT $79,200.00
BAL $79,141.38
RATE 10.850
PAI $745.28
CLTV 90.000
MATURITY 121125
FEE 0.5000
LOAN 0000021918057
LAST_NAME BLACKBURN
ADDRESS 1346 W. GLEZEN OAK STREET
CITY PETERSBURG
STATE IN
ZIP 475670000
MORT $22,680.00
BAL $22,615.17
RATE 10.800
PAI $212.57
CLTV 78.206
MATURITY 271201
FEE 0.5000
LOAN 0000021918156
LAST_NAME PRATER
ADDRESS 11589 SOUTH 1380 EAST
CITY SANDY
STATE UT
ZIP 840920000
MORT $208,000.00
BAL $207,868.72
RATE 8.300
PAI $1,569.95
CLTV 80.000
MATURITY 130101
FEE 0.5000
LOAN 0000021918206
LAST_NAME MCCLARY
ADDRESS 6062 NW 53RD CT
CITY OCALA
STATE FL
ZIP 344820000
MORT $40,000.00
BAL $39,878.23
RATE 8.900
PAI $357.33
CLTV 64.516
MATURITY 171219
FEE 0.5000
LOAN 0000021918420
LAST_NAME TERMINI
ADDRESS 7206 VALLEY HAVEN DRIVE
CITY CHARLOTTE
STATE NC
ZIP 282110000
MORT $12,500.00
BAL $12,436.89
RATE 9.550
PAI $130.91
CLTV 39.699
MATURITY 121201
FEE 0.5000
LOAN 0000021918511
LAST_NAME BLACKBURN BA
ADDRESS 1217 CAMINA FLORA
CITY FARMINGTON
STATE NM
ZIP 874010000
MORT $70,000.00
BAL $69,619.45
RATE 8.750
PAI $699.62
CLTV 83.333
MATURITY 121209
FEE 0.5000
LOAN 0000021918537
LAST_NAME SUGGS
ADDRESS 117 E FAIRVIEW DRIVE
CITY NASHVILLE
STATE TN
ZIP 372180000
MORT $30,000.00
BAL $29,848.54
RATE 9.550
PAI $314.18
CLTV 51.990
MATURITY 121210
FEE 0.5000
LOAN 0000021918586
LAST_NAME WISBEY
ADDRESS 3701 WALLACE AVENUE
CITY TERRE HAUTE
STATE IN
ZIP 478020000
MORT $208,000.00
BAL $207,722.76
RATE 8.050
PAI $1,533.49
CLTV 80.000
MATURITY 121201
FEE 0.5000
LOAN 0000021918784
LAST_NAME HISHMEH
ADDRESS 10510 EDGEFIELD DR
CITY ADELPHI
STATE MD
ZIP 207830000
MORT $95,000.00
BAL $93,733.77
RATE 10.990
PAI $903.99
CLTV 65.517
MATURITY 121124
FEE 0.5000
LOAN 0000021918800
LAST_NAME MELZER
ADDRESS 163 WEDGEWOOD DRIVE
CITY HAUPPAUGE
STATE NY
ZIP 117880000
MORT $40,000.00
BAL $39,798.06
RATE 9.550
PAI $418.90
CLTV 55.304
MATURITY 121212
FEE 0.5000
LOAN 0000021918826
LAST_NAME BAYERS
ADDRESS 60 ANDREWS STREET
CITY MEDFORD
STATE MA
ZIP 021550000
MORT $15,000.00
BAL $14,929.61
RATE 10.350
PAI $164.42
CLTV 10.344
MATURITY 121126
FEE 0.5000
LOAN 0000021918925
LAST_NAME HUGHES
ADDRESS 4201 ROKEBY ROAD
CITY BALTIMORE
STATE MD
ZIP 212290000
MORT $55,250.00
BAL $55,042.66
RATE 10.490
PAI $551.24
CLTV 85.000
MATURITY 171117
FEE 0.5000
LOAN 0000021918933
LAST_NAME SAWYER
ADDRESS ROUTE 1, TULLS CREEK
CITY MOYOCK
STATE NC
ZIP 279580000
MORT $28,075.00
BAL $27,805.96
RATE 10.400
PAI $377.26
CLTV 84.991
MATURITY 71212
FEE 0.5000
LOAN 0000021918941
LAST_NAME RUIZ
ADDRESS 52 PARK AVE
CITY BRENTWOOD
STATE NY
ZIP 117170000
MORT $144,000.00
BAL $143,860.28
RATE 11.500
PAI $1,426.02
CLTV 90.000
MATURITY 271020
FEE 0.5000
LOAN 0000021918990
LAST_NAME MAYNE
ADDRESS 168 KNOXVIEW LANE
CITY MOORESVILLE
STATE NC
ZIP 281150000
MORT $45,000.00
BAL $44,873.89
RATE 9.550
PAI $420.93
CLTV 81.509
MATURITY 171212
FEE 0.5000
LOAN 0000021919006
LAST_NAME RICHARDSON
ADDRESS 121 HANCOCK ST
CITY BROOKLYN
STATE NY
ZIP 112160000
MORT $148,000.00
BAL $147,780.90
RATE 11.990
PAI $1,521.21
CLTV 82.222
MATURITY 121016
FEE 0.5000
LOAN 0000021919014
LAST_NAME KAPP
ADDRESS 208 PEACHTREE STREET
CITY CREEDMOOR
STATE NC
ZIP 275220000
MORT $62,000.00
BAL $61,836.04
RATE 10.000
PAI $598.31
CLTV 68.888
MATURITY 171201
FEE 0.5000
LOAN 0000021919030
LAST_NAME CASTRO
ADDRESS 2126 QUIMBY AVE
CITY BRONX
STATE NY
ZIP 104730000
MORT $56,000.00
BAL $55,572.32
RATE 9.500
PAI $584.77
CLTV 37.063
MATURITY 121101
FEE 0.5000
LOAN 0000021919089
LAST_NAME WILSON
ADDRESS 1444 ALPINE DRIVE
CITY WEST COVINA
STATE CA
ZIP 917910000
MORT $250,000.00
BAL $250,000.00
RATE 9.300
PAI $2,297.78
CLTV 73.126
MATURITY 180210
FEE 0.5000
LOAN 0000021919139
LAST_NAME BOBLEWSKI
ADDRESS 5536 N MC VICKER
CITY CHICAGO
STATE IL
ZIP 606030000
MORT $29,500.00
BAL $29,360.29
RATE 10.250
PAI $321.54
CLTV 79.975
MATURITY 121208
FEE 0.5000
LOAN 0000021919170
LAST_NAME HARRISON
ADDRESS 24793 PATTERSON ROAD
CITY ROBERTSDALE
STATE AL
ZIP 365670000
MORT $63,750.00
BAL $63,688.99
RATE 9.650
PAI $543.04
CLTV 85.000
MATURITY 271124
FEE 0.5000
LOAN 0000021919212
LAST_NAME CORDOVA
ADDRESS 1407 WOODRUFF RD.
CITY JOLIET
STATE IL
ZIP 604320000
MORT $42,500.00
BAL $42,298.72
RATE 10.250
PAI $463.23
CLTV 85.000
MATURITY 121208
FEE 0.5000
LOAN 0000021919394
LAST_NAME JACHOWSKI
ADDRESS 1311 MULBERRY COURT
CITY FREDERICK
STATE MD
ZIP 217030000
MORT $102,000.00
BAL $101,677.55
RATE 8.600
PAI $891.65
CLTV 77.272
MATURITY 171208
FEE 0.5000
LOAN 0000021919501
LAST_NAME AYALA
ADDRESS 1255 WHITE PLAINS ROAD
CITY BRONX
STATE NY
ZIP 104720000
MORT $84,000.00
BAL $82,724.01
RATE 8.990
PAI $755.23
CLTV 62.222
MATURITY 171008
FEE 0.5000
LOAN 0000021919550
LAST_NAME CHARANIA
ADDRESS 7154 BROOK WAY
CITY MECHANICSVI
STATE VA
ZIP 231110000
MORT $30,000.00
BAL $29,848.87
RATE 9.450
PAI $387.38
CLTV 79.760
MATURITY 80126
FEE 0.5000
LOAN 0000021919576
LAST_NAME JACKSON
ADDRESS 505 WRIGHT AVENUE
CITY GRETNA
STATE LA
ZIP 700530000
MORT $15,000.00
BAL $15,000.00
RATE 10.600
PAI $203.25
CLTV 77.732
MATURITY 80202
FEE 0.5000
LOAN 0000021919592
LAST_NAME VALLE
ADDRESS 32 CROSBY AVE
CITY BROOKLYN
STATE NY
ZIP 112070000
MORT $132,000.00
BAL $131,199.50
RATE 8.990
PAI $1,186.79
CLTV 80.000
MATURITY 171008
FEE 0.5000
LOAN 0000021919691
LAST_NAME HYDE
ADDRESS 14 CHERYL DRIVE
CITY CARTERSVILL
STATE GA
ZIP 301200000
MORT $15,000.00
BAL $14,849.13
RATE 9.550
PAI $194.51
CLTV 65.255
MATURITY 71215
FEE 0.5000
LOAN 0000021919725
LAST_NAME BREEDLOVE
ADDRESS 2088 GRAND DETOUR ROAD
CITY DIXON
STATE IL
ZIP 610210000
MORT $34,800.00
BAL $34,727.65
RATE 11.600
PAI $408.75
CLTV 84.933
MATURITY 121219
FEE 0.5000
LOAN 0000021919782
LAST_NAME ZIEGLER
ADDRESS 1843 WESTFIELD ROAD
CITY CHARLESTON
STATE SC
ZIP 294070000
MORT $56,000.00
BAL $56,000.00
RATE 8.900
PAI $500.26
CLTV 63.636
MATURITY 180227
FEE 0.5000
LOAN 0000021919840
LAST_NAME GLENSKI
ADDRESS 3610 GILLHAM ROAD
CITY KANSAS CITY
STATE MO
ZIP 641110000
MORT $40,000.00
BAL $39,597.69
RATE 9.550
PAI $518.69
CLTV 65.673
MATURITY 71202
FEE 0.5000
LOAN 0000021919998
LAST_NAME PREWITT
ADDRESS 5952 BEACHWOOD AVENUE
CITY CITY OF IND
STATE IN
ZIP 462190000
MORT $39,200.00
BAL $39,039.35
RATE 8.300
PAI $381.44
CLTV 80.000
MATURITY 130121
FEE 0.5000
LOAN 0000021920061
LAST_NAME MANN
ADDRESS 21333 TIA MIA LANE
CITY REDDING
STATE CA
ZIP 960030000
MORT $15,000.00
BAL $14,961.07
RATE 9.200
PAI $153.93
CLTV 52.586
MATURITY 130113
FEE 0.5000
LOAN 0000021920160
LAST_NAME MIERISCH
ADDRESS 7420 SW 137TH COURT
CITY MIAMI
STATE FL
ZIP 331830000
MORT $20,000.00
BAL $19,949.72
RATE 9.550
PAI $209.45
CLTV 68.420
MATURITY 130202
FEE 0.5000
LOAN 0000021920269
LAST_NAME ROUSE
ADDRESS 1610 VALENCIA WAY
CITY MUNDELEIN
STATE IL
ZIP 600600000
MORT $21,500.00
BAL $21,440.52
RATE 9.650
PAI $202.52
CLTV 79.999
MATURITY 171216
FEE 0.5000
LOAN 0000021920277
LAST_NAME MARTIN
ADDRESS 3843 BROOKSWORTH AVENUE
CITY TARPON SPRI
STATE FL
ZIP 346890000
MORT $80,000.00
BAL $79,596.14
RATE 9.550
PAI $837.80
CLTV 79.430
MATURITY 121210
FEE 0.5000
LOAN 0000021920442
LAST_NAME RORK
ADDRESS 1009 N. 11TH STREET
CITY ENID
STATE OK
ZIP 737010000
MORT $17,100.00
BAL $17,010.09
RATE 9.100
PAI $174.46
CLTV 90.000
MATURITY 121212
FEE 0.5000
LOAN 0000021920517
LAST_NAME RIVERA
ADDRESS 35 MELISSA DRIVE
CITY STOCKBRIDGE
STATE GA
ZIP 302810000
MORT $25,000.00
BAL $24,873.78
RATE 9.550
PAI $261.82
CLTV 78.878
MATURITY 121210
FEE 0.5000
LOAN 0000021920533
LAST_NAME STIER
ADDRESS 233 ANDOVER STREET
CITY ANDOVER
STATE MA
ZIP 018100000
MORT $88,750.00
BAL $88,529.90
RATE 9.700
PAI $937.50
CLTV 78.723
MATURITY 130105
FEE 0.5000
LOAN 0000021920772
LAST_NAME KAISER
ADDRESS 3301 MONROE NE UNIT L119
CITY CITY OF ALB
STATE NM
ZIP 871100000
MORT $5,600.00
BAL $5,587.33
RATE 10.700
PAI $62.60
CLTV 74.060
MATURITY 130105
FEE 0.5000
LOAN 0000021920798
LAST_NAME WOOLLETT
ADDRESS 1210 MASSACHUSETTS AVENUE
CITY TOWNSHIP OF
STATE PA
ZIP 150010000
MORT $6,500.00
BAL $6,464.39
RATE 9.650
PAI $68.47
CLTV 78.023
MATURITY 121209
FEE 0.5000
LOAN 0000021920806
LAST_NAME JORGENSON
ADDRESS 595 N LOCUST AVENUE
CITY LINDON
STATE UT
ZIP 840420000
MORT $45,000.00
BAL $44,714.89
RATE 9.550
PAI $471.26
CLTV 72.288
MATURITY 121224
FEE 0.5000
LOAN 0000021920855
LAST_NAME KOUTSOGIANNI
ADDRESS 421 VERRET STREET
CITY ELMHURST
STATE IL
ZIP 601260000
MORT $55,000.00
BAL $54,581.85
RATE 9.550
PAI $575.99
CLTV 54.541
MATURITY 121201
FEE 0.5000
LOAN 0000021920897
LAST_NAME RODRIGUEZ
ADDRESS 3034 PHILLIPS AVENUE
CITY RACINE
STATE WI
ZIP 534030000
MORT $9,000.00
BAL $8,859.47
RATE 9.550
PAI $116.71
CLTV 77.301
MATURITY 71210
FEE 0.5000
LOAN 0000021921010
LAST_NAME POPEJOY
ADDRESS 5 MEADOW VIEW
CITY BLANCHARD
STATE OK
ZIP 730100000
MORT $76,000.00
BAL $75,895.28
RATE 9.650
PAI $715.89
CLTV 89.940
MATURITY 180112
FEE 0.5000
LOAN 0000021921127
LAST_NAME PERSAUD
ADDRESS NYS ROUTE 52
CITY JEFFERSONVI
STATE NY
ZIP 127480000
MORT $86,400.00
BAL $86,347.11
RATE 8.450
PAI $661.29
CLTV 80.000
MATURITY 130101
FEE 0.5000
LOAN 0000021921283
LAST_NAME VALENTINE
ADDRESS 1859 E WOOD ST
CITY DECATUR
STATE IL
ZIP 625210000
MORT $14,510.00
BAL $14,288.67
RATE 9.500
PAI $187.76
CLTV 55.807
MATURITY 71205
FEE 0.5000
LOAN 0000021921317
LAST_NAME CURTSINGER
ADDRESS 703 CLINTON ST
CITY LINCOLN
STATE IL
ZIP 626560000
MORT $23,000.00
BAL $22,973.93
RATE 10.200
PAI $205.25
CLTV 63.888
MATURITY 121217
FEE 0.5000
LOAN 0000021921390
LAST_NAME MC CAFFERY
ADDRESS 931 GLENMORE LANE
CITY ELGIN
STATE IL
ZIP 601230000
MORT $181,000.00
BAL $180,722.18
RATE 9.350
PAI $1,502.18
CLTV 84.777
MATURITY 121201
FEE 0.5000
LOAN 0000021921572
LAST_NAME STANTON
ADDRESS 5995 U.S. 1 BYPASS
CITY KITTRELL
STATE NC
ZIP 275440000
MORT $79,050.00
BAL $78,819.82
RATE 9.250
PAI $723.99
CLTV 63.240
MATURITY 171215
FEE 0.5000
LOAN 0000021921648
LAST_NAME ZITUR
ADDRESS 89 HALSEY AVENUE
CITY ST. MICHAEL
STATE MN
ZIP 553130000
MORT $60,000.00
BAL $59,690.16
RATE 9.300
PAI $619.32
CLTV 55.623
MATURITY 121222
FEE 0.5000
LOAN 0000021922026
LAST_NAME BALDWIN
ADDRESS LOT 9 18 GREENFIELD MANOR
CITY GREENFIELD
STATE NY
ZIP 128330000
MORT $11,500.00
BAL $11,395.41
RATE 10.400
PAI $126.41
CLTV 84.647
MATURITY 121223
FEE 0.5000
LOAN 0000021922364
LAST_NAME ROSE
ADDRESS 734 E. WHALERS COVE PLACE
CITY TOWNSHIP OF
STATE NJ
ZIP 082010000
MORT $104,000.00
BAL $103,936.34
RATE 8.450
PAI $795.99
CLTV 80.000
MATURITY 280120
FEE 0.5000
LOAN 0000021922380
LAST_NAME SCIMONELLI
ADDRESS 19 VICKSBURG DRIVE
CITY HOLBROOK
STATE NY
ZIP 117410000
MORT $50,000.00
BAL $49,935.42
RATE 10.150
PAI $487.50
CLTV 82.054
MATURITY 180112
FEE 0.5000
LOAN 0000021922406
LAST_NAME BAUMER
ADDRESS 9 AMBER COURT
CITY SAINT CHARL
STATE MO
ZIP 633030000
MORT $97,750.00
BAL $97,613.50
RATE 9.800
PAI $843.42
CLTV 85.000
MATURITY 271101
FEE 0.5000
LOAN 0000021922489
LAST_NAME WELTER
ADDRESS 487 TOWNSHIP ROAD 391
CITY SULLIVAN
STATE OH
ZIP 448800000
MORT $107,160.00
BAL $107,037.51
RATE 8.800
PAI $846.86
CLTV 79.970
MATURITY 121211
FEE 0.5000
LOAN 0000021922521
LAST_NAME CONRAD
ADDRESS 6957 S. DEWEY ROAD
CITY AMHERST
STATE OH
ZIP 440010000
MORT $76,000.00
BAL $75,908.34
RATE 8.800
PAI $600.61
CLTV 77.551
MATURITY 271222
FEE 0.5000
LOAN 0000021922554
LAST_NAME BELL
ADDRESS 347 LAKEHURST DRIVE
CITY WATERLOO
STATE NE
ZIP 680690000
MORT $178,500.00
BAL $177,946.25
RATE 8.750
PAI $1,577.43
CLTV 85.000
MATURITY 171222
FEE 0.5000
LOAN 0000021922695
LAST_NAME WATSON
ADDRESS 27 HIAWATHA CIRCLE
CITY CHICKAMAUGA
STATE GA
ZIP 307070000
MORT $22,000.00
BAL $21,873.31
RATE 8.200
PAI $212.80
CLTV 33.383
MATURITY 121229
FEE 0.5000
LOAN 0000021922711
LAST_NAME TEDESCO
ADDRESS 89 FAIRWOOD DRIVE
CITY PEMBROKE
STATE MA
ZIP 023590000
MORT $12,700.00
BAL $12,668.72
RATE 9.800
PAI $134.93
CLTV 79.944
MATURITY 121229
FEE 0.5000
LOAN 0000021922893
LAST_NAME LATHROP
ADDRESS 4504 SHELLFLOWER COURT
CITY CONCORD
STATE CA
ZIP 945180000
MORT $25,000.00
BAL $24,811.63
RATE 9.650
PAI $263.33
CLTV 67.292
MATURITY 121201
FEE 0.5000
LOAN 0000021922968
LAST_NAME BIGGS
ADDRESS 1618 MARINE STREET
CITY SOUTH BEND
STATE IN
ZIP 466130000
MORT $56,700.00
BAL $56,700.00
RATE 10.100
PAI $501.78
CLTV 90.000
MATURITY 280211
FEE 0.5000
LOAN 0000021922976
LAST_NAME JOST
ADDRESS 10040 MAYFAIR DRIVE
CITY ST. LOUIS
STATE MO
ZIP 631360000
MORT $34,000.00
BAL $33,735.37
RATE 9.290
PAI $350.75
CLTV 78.160
MATURITY 121201
FEE 0.5000
LOAN 0000021923024
LAST_NAME PEYTON
ADDRESS 2776 POLENTER ROAD
CITY CLAYTON
STATE NC
ZIP 275200000
MORT $85,500.00
BAL $85,269.46
RATE 9.850
PAI $816.61
CLTV 90.000
MATURITY 171201
FEE 0.5000
LOAN 0000021923081
LAST_NAME ATWELL
ADDRESS 4154 E. LAKE ROAD
CITY TOWNSHIP OF
STATE MI
ZIP 484200000
MORT $11,750.00
BAL $11,691.48
RATE 9.650
PAI $153.01
CLTV 79.978
MATURITY 71229
FEE 0.5000
LOAN 0000021923214
LAST_NAME DEETS
ADDRESS 745 MERROW ROAD 155
CITY COVENTRY
STATE CT
ZIP 062380000
MORT $60,080.00
BAL $60,048.52
RATE 9.200
PAI $492.09
CLTV 80.000
MATURITY 130101
FEE 0.5000
LOAN 0000021923263
LAST_NAME VALVERDE
ADDRESS #2 SPARROW RD
CITY ARTESIA
STATE NM
ZIP 882100000
MORT $16,800.00
BAL $16,647.27
RATE 9.000
PAI $170.40
CLTV 80.000
MATURITY 121215
FEE 0.5000
LOAN 0000021923297
LAST_NAME SAENZ
ADDRESS 18 PEACH TREE COURT
CITY ALGONQUIN
STATE IL
ZIP 601020000
MORT $123,250.00
BAL $123,166.39
RATE 11.250
PAI $1,197.08
CLTV 85.000
MATURITY 121202
FEE 0.5000
LOAN 0000021923321
LAST_NAME RENNERT
ADDRESS 2461 JOSEPH COURT
CITY BELLMORE
STATE NY
ZIP 117100000
MORT $50,000.00
BAL $49,859.88
RATE 9.550
PAI $467.70
CLTV 75.290
MATURITY 171222
FEE 0.5000
LOAN 0000021923347
LAST_NAME PRUITT
ADDRESS 22 SIOUX DRIVE
CITY CARTERSVILL
STATE GA
ZIP 301200000
MORT $6,300.00
BAL $6,267.90
RATE 9.450
PAI $65.60
CLTV 67.955
MATURITY 121222
FEE 0.5000
LOAN 0000021923396
LAST_NAME WILLIAMS
ADDRESS 139 COLONY DR
CITY ARDEN
STATE NC
ZIP 287040000
MORT $60,000.00
BAL $59,675.41
RATE 9.890
PAI $574.65
CLTV 80.000
MATURITY 171006
FEE 0.5000
LOAN 0000021923404
LAST_NAME GUTIERREZ
ADDRESS 1804 N DELAWARE AVE
CITY PEORIA
STATE IL
ZIP 616030000
MORT $25,774.00
BAL $25,631.99
RATE 8.650
PAI $256.08
CLTV 73.640
MATURITY 121202
FEE 0.5000
LOAN 0000021923446
LAST_NAME SANCHEZ
ADDRESS 1647 N MOZART
CITY CHICAGO
STATE IL
ZIP 606470000
MORT $121,500.00
BAL $121,213.13
RATE 10.400
PAI $1,138.52
CLTV 75.000
MATURITY 221205
FEE 0.5000
LOAN 0000021923586
LAST_NAME SMITH
ADDRESS 1220 BECK LN
CITY LAFAYETTE
STATE IN
ZIP 479050000
MORT $11,800.00
BAL $11,651.95
RATE 9.750
PAI $125.01
CLTV 74.125
MATURITY 120911
FEE 0.5000
LOAN 0000021923644
LAST_NAME LAWHORN
ADDRESS 11104 COUNTRY HAVEN DRIVE
CITY LAKELAND
STATE FL
ZIP 338090000
MORT $36,000.00
BAL $35,817.42
RATE 9.500
PAI $375.93
CLTV 70.588
MATURITY 121210
FEE 0.5000
LOAN 0000021923669
LAST_NAME FIELD
ADDRESS 1300 SW 19TH STREET
CITY BOCA RATON
STATE FL
ZIP 334860000
MORT $25,000.00
BAL $24,748.56
RATE 9.550
PAI $324.18
CLTV 65.499
MATURITY 71201
FEE 0.5000
LOAN 0000021923800
LAST_NAME STEINGART
ADDRESS 43 LEEDS DRIVE
CITY SOUTH PLAIN
STATE NJ
ZIP 070800000
MORT $15,725.00
BAL $15,681.28
RATE 10.400
PAI $172.86
CLTV 84.994
MATURITY 121229
FEE 0.5000
LOAN 0000021923867
LAST_NAME KIRKPATRICK
ADDRESS 9414 KALIKIMAKA PLACE
CITY DIAMONDHEAD
STATE MS
ZIP 395250000
MORT $25,001.00
BAL $24,938.14
RATE 9.550
PAI $261.83
CLTV 68.826
MATURITY 121229
FEE 0.5000
LOAN 0000021923966
LAST_NAME KNIGHT
ADDRESS 445 LEE ROAD 735
CITY OPELIKA
STATE AL
ZIP 368010000
MORT $27,300.00
BAL $27,300.00
RATE 10.450
PAI $300.93
CLTV 79.883
MATURITY 130202
FEE 0.5000
LOAN 0000021924055
LAST_NAME PLANK
ADDRESS 7854 SADDLE CREEK TRAIL
CITY SARASOTA
STATE FL
ZIP 342410000
MORT $10,000.00
BAL $9,737.58
RATE 9.550
PAI $210.27
CLTV 35.786
MATURITY 21222
FEE 0.5000
LOAN 0000021924063
LAST_NAME KELLY
ADDRESS 1558 MONTALBAN DRIVE
CITY SAN JOSE
STATE CA
ZIP 951200000
MORT $85,000.00
BAL $84,341.16
RATE 9.550
PAI $795.09
CLTV 69.526
MATURITY 171210
FEE 0.5000
LOAN 0000021924105
LAST_NAME VILLAMAR
ADDRESS 7061 CARTER CIRCLE
CITY WEST JORDAN
STATE UT
ZIP 840840000
MORT $42,100.00
BAL $41,998.89
RATE 10.050
PAI $453.70
CLTV 69.910
MATURITY 130106
FEE 0.5000
LOAN 0000021924154
LAST_NAME WHITTED
ADDRESS 4 HOYT STREET
CITY WEST PELZER
STATE SC
ZIP 296690000
MORT $57,800.00
BAL $57,664.34
RATE 10.300
PAI $631.78
CLTV 85.000
MATURITY 121222
FEE 0.5000
LOAN 0000021924212
LAST_NAME KINPORTS
ADDRESS 2079 MINNESOTA STREET
CITY EUGENE
STATE OR
ZIP 974020000
MORT $25,000.00
BAL $24,696.51
RATE 9.550
PAI $324.18
CLTV 74.016
MATURITY 71216
FEE 0.5000
LOAN 0000021924246
LAST_NAME HENDRICKS
ADDRESS 4713 SAN RAFAEL STREET
CITY TAMPA
STATE FL
ZIP 336290000
MORT $149,400.00
BAL $149,330.30
RATE 9.750
PAI $1,283.58
CLTV 90.000
MATURITY 130101
FEE 0.5000
LOAN 0000021924352
LAST_NAME HUNTER
ADDRESS 2609 S 13TH AVENUE
CITY BROADVIEW
STATE IL
ZIP 601530000
MORT $84,500.00
BAL $84,370.23
RATE 8.800
PAI $749.44
CLTV 69.262
MATURITY 171216
FEE 0.5000
LOAN 0000021924428
LAST_NAME HOULIHAN
ADDRESS 727 E THIRD STREET
CITY SOUTH BOSTO
STATE MA
ZIP 021270000
MORT $25,000.00
BAL $25,000.00
RATE 10.050
PAI $531.80
CLTV 81.820
MATURITY 30128
FEE 0.5000
LOAN 0000021924493
LAST_NAME NILSSON
ADDRESS 1345 PINE STREET
CITY PITTSBURG
STATE CA
ZIP 945650000
MORT $14,350.00
BAL $14,205.67
RATE 9.550
PAI $186.08
CLTV 55.098
MATURITY 71208
FEE 0.5000
LOAN 0000021924642
LAST_NAME COLEMAN
ADDRESS 1853 VILLAGE GREEN DR
CITY LANDOVER
STATE MD
ZIP 207850000
MORT $60,000.00
BAL $59,426.41
RATE 9.725
PAI $514.40
CLTV 80.000
MATURITY 271006
FEE 0.5000
LOAN 0000021924659
LAST_NAME JACOBS
ADDRESS 34 CAYUGA COURT
CITY BURLINGTON
STATE VT
ZIP 054010000
MORT $56,350.00
BAL $56,187.88
RATE 9.450
PAI $523.42
CLTV 70.000
MATURITY 171201
FEE 0.5000
LOAN 0000021924683
LAST_NAME MONTGOMERY
ADDRESS 1809 E. HINES
CITY MUNCIE
STATE IN
ZIP 473030000
MORT $33,750.00
BAL $33,724.22
RATE 9.750
PAI $289.97
CLTV 90.000
MATURITY 121209
FEE 0.5000
LOAN 0000021924741
LAST_NAME JACOBS
ADDRESS 4 ABENAKI AVENUE
CITY ESSEX JUNCT
STATE VT
ZIP 054530000
MORT $56,700.00
BAL $56,535.39
RATE 9.450
PAI $526.67
CLTV 70.000
MATURITY 171201
FEE 0.5000
LOAN 0000021924816
LAST_NAME BENNETT
ADDRESS 1700 THE TERRACES
CITY BALTIMORE
STATE MD
ZIP 212090000
MORT $368,000.00
BAL $367,185.14
RATE 8.990
PAI $2,958.37
CLTV 80.000
MATURITY 271003
FEE 0.5000
LOAN 0000021925045
LAST_NAME BUTZ,JR.
ADDRESS RR 1 BOX 125
CITY FORT SCOTT
STATE KS
ZIP 667010000
MORT $74,520.00
BAL $74,443.24
RATE 9.300
PAI $615.76
CLTV 90.000
MATURITY 271208
FEE 0.5000
LOAN 0000021925052
LAST_NAME COLDIRON
ADDRESS 137 SOUTH VINE STREET
CITY ST. MARYS
STATE OH
ZIP 458850000
MORT $77,350.00
BAL $77,264.06
RATE 8.950
PAI $619.60
CLTV 85.000
MATURITY 271201
FEE 0.5000
LOAN 0000021925078
LAST_NAME REPPOND
ADDRESS 800 WALNUT STREET
CITY CROSSETT
STATE AR
ZIP 716350000
MORT $43,200.00
BAL $43,144.13
RATE 8.200
PAI $323.04
CLTV 80.000
MATURITY 271209
FEE 0.5000
LOAN 0000021925110
LAST_NAME RODRIGUEZ
ADDRESS 631 JEFFERSON AVE, #304
CITY MIAMI BEACH
STATE FL
ZIP 331390000
MORT $42,000.00
BAL $41,742.18
RATE 10.990
PAI $399.66
CLTV 77.630
MATURITY 121020
FEE 0.5000
LOAN 0000021925557
LAST_NAME KOKIN
ADDRESS 91 WYE DR
CITY ORMOND BEAC
STATE FL
ZIP 321760000
MORT $38,500.00
BAL $38,457.78
RATE 9.000
PAI $309.78
CLTV 70.000
MATURITY 271201
FEE 0.5000
LOAN 0000021925573
LAST_NAME INZERILLO
ADDRESS 35 CONROW ROAD
CITY DELRAN
STATE NJ
ZIP 080750000
MORT $42,950.00
BAL $42,734.44
RATE 10.250
PAI $468.13
CLTV 70.056
MATURITY 121217
FEE 0.5000
LOAN 0000021925599
LAST_NAME BOSARGE
ADDRESS 101 MARIE LANE
CITY DAPHNE
STATE AL
ZIP 365260000
MORT $90,800.00
BAL $90,728.29
RATE 10.550
PAI $833.98
CLTV 80.000
MATURITY 271209
FEE 0.5000
LOAN 0000021925862
LAST_NAME GARVIN
ADDRESS 48 TEAL LANE
CITY BAILEY
STATE CO
ZIP 804210000
MORT $20,000.00
BAL $19,949.72
RATE 9.550
PAI $209.45
CLTV 51.823
MATURITY 121229
FEE 0.5000
LOAN 0000021925870
LAST_NAME TERRANA
ADDRESS 188 REYNOLDS AVENUE
CITY WARWICK
STATE RI
ZIP 028860000
MORT $72,250.00
BAL $72,211.35
RATE 9.100
PAI $586.55
CLTV 85.000
MATURITY 121224
FEE 0.5000
LOAN 0000021925961
LAST_NAME BRISCOE
ADDRESS 615 MARTI LANE
CITY ANNAPOLIS
STATE MD
ZIP 214010000
MORT $70,000.00
BAL $69,902.30
RATE 9.550
PAI $654.78
CLTV 78.428
MATURITY 171229
FEE 0.5000
LOAN 0000021925979
LAST_NAME HALL
ADDRESS 927 8TH STREET, NE
CITY WASHINGTON
STATE DC
ZIP 200020000
MORT $67,600.00
BAL $67,520.30
RATE 8.650
PAI $526.99
CLTV 80.000
MATURITY 280102
FEE 0.5000
LOAN 0000021926027
LAST_NAME STEWART
ADDRESS 297 N MAIN
CITY SMITHFIELD
STATE UT
ZIP 843350000
MORT $102,150.00
BAL $102,083.44
RATE 9.950
PAI $892.67
CLTV 90.000
MATURITY 130101
FEE 0.5000
LOAN 0000021926035
LAST_NAME SHERWOOD
ADDRESS 79075 US HIGHWAY 40
CITY WINTERPARK
STATE CO
ZIP 802150000
MORT $25,000.00
BAL $24,930.27
RATE 8.400
PAI $244.73
CLTV 14.124
MATURITY 130112
FEE 0.5000
LOAN 0000021926068
LAST_NAME BARRAGAN
ADDRESS 3645 S WINCHESTER AVE
CITY CHICAGO
STATE IL
ZIP 606090000
MORT $94,000.00
BAL $93,440.55
RATE 8.650
PAI $933.94
CLTV 74.308
MATURITY 121213
FEE 0.5000
LOAN 0000021926118
LAST_NAME HAWKINS
ADDRESS 8161 GLEN CARY ROAD
CITY BALTIMORE
STATE MD
ZIP 212340000
MORT $114,300.00
BAL $113,721.00
RATE 9.550
PAI $1,197.01
CLTV 90.000
MATURITY 121216
FEE 0.5000
LOAN 0000021926134
LAST_NAME SCOTT
ADDRESS 1229 MARLBOROUGH ROAD
CITY FAYETTEVILL
STATE NC
ZIP 283040000
MORT $28,765.00
BAL $28,727.36
RATE 10.050
PAI $278.55
CLTV 85.000
MATURITY 180105
FEE 0.5000
LOAN 0000021926175
LAST_NAME LOPEZ
ADDRESS 1107 RUNYAN AVE
CITY ARTESIA
STATE NM
ZIP 882100000
MORT $59,850.00
BAL $59,630.18
RATE 9.950
PAI $575.59
CLTV 90.000
MATURITY 171205
FEE 0.5000
LOAN 0000021926266
LAST_NAME LYONS
ADDRESS 78 PITMAN ROAD
CITY WARWICK
STATE RI
ZIP 028860000
MORT $106,200.00
BAL $106,100.49
RATE 9.750
PAI $912.43
CLTV 90.000
MATURITY 271201
FEE 0.5000
LOAN 0000021926290
LAST_NAME POSTON
ADDRESS 1795 BROOKFIELD ROAD
CITY COLUMBUS
STATE OH
ZIP 432290000
MORT $80,750.00
BAL $80,311.89
RATE 8.750
PAI $807.06
CLTV 85.000
MATURITY 121201
FEE 0.5000
LOAN 0000021926431
LAST_NAME DE AZA
ADDRESS 1380 NW 114 STREET
CITY MIAMI
STATE FL
ZIP 331670000
MORT $60,000.00
BAL $59,549.98
RATE 9.700
PAI $633.80
CLTV 80.000
MATURITY 121202
FEE 0.5000
LOAN 0000021926464
LAST_NAME MC CONCHIE
ADDRESS 1277 HERMANCE RD
CITY BROADALBIN
STATE NY
ZIP 120250000
MORT $22,600.00
BAL $22,485.38
RATE 9.500
PAI $236.00
CLTV 84.893
MATURITY 121124
FEE 0.5000
LOAN 0000021926670
LAST_NAME LORE
ADDRESS 24 VICTORY STREET
CITY RONKONKOMA
STATE NY
ZIP 117790000
MORT $80,000.00
BAL $79,785.71
RATE 8.850
PAI $804.29
CLTV 67.309
MATURITY 130101
FEE 0.5000
LOAN 0000021926969
LAST_NAME GRAVES
ADDRESS 3640 ANTELOPE DRIVE
CITY ENID
STATE OK
ZIP 737010000
MORT $45,900.00
BAL $45,766.33
RATE 9.250
PAI $420.39
CLTV 90.000
MATURITY 171219
FEE 0.5000
LOAN 0000021927033
LAST_NAME STARK
ADDRESS 121 W CASTOR PLACE
CITY STATEN ISLA
STATE NY
ZIP 103090000
MORT $52,000.00
BAL $51,870.46
RATE 9.650
PAI $547.71
CLTV 75.312
MATURITY 130101
FEE 0.5000
LOAN 0000021927041
LAST_NAME GRAVES
ADDRESS 3119 BROOKS
CITY ENID
STATE OK
ZIP 737010000
MORT $30,450.00
BAL $30,354.31
RATE 8.650
PAI $267.16
CLTV 70.000
MATURITY 171219
FEE 0.5000
LOAN 0000021927082
LAST_NAME BLAKE
ADDRESS 2780 WILSON AVENUE
CITY BRONX
STATE NY
ZIP 104690000
MORT $189,000.00
BAL $188,816.70
RATE 11.500
PAI $1,871.65
CLTV 90.000
MATURITY 121112
FEE 0.5000
LOAN 0000021927108
LAST_NAME MCGREW
ADDRESS 501 N 18TH STREET
CITY RICHMOND
STATE IN
ZIP 473740000
MORT $38,700.00
BAL $38,663.73
RATE 9.750
PAI $332.50
CLTV 90.000
MATURITY 121201
FEE 0.5000
LOAN 0000021927124
LAST_NAME SAKEL
ADDRESS 321 DELINE DRIVE
CITY TOLEDO
STATE OH
ZIP 436150000
MORT $55,800.00
BAL $55,737.42
RATE 9.950
PAI $487.63
CLTV 90.000
MATURITY 271201
FEE 0.5000
LOAN 0000021927207
LAST_NAME VIERS
ADDRESS 18279 SUMPTER RD
CITY BELLEVILLE
STATE MI
ZIP 481110000
MORT $44,650.00
BAL $43,652.80
RATE 11.875
PAI $637.38
CLTV 30.899
MATURITY 70901
FEE 0.5000
LOAN 0000021927629
LAST_NAME KRISTOFICH
ADDRESS 1 WHITE OAK DR
CITY PORT WASHIN
STATE NY
ZIP 110500000
MORT $150,000.00
BAL $149,259.63
RATE 10.600
PAI $1,507.66
CLTV 35.714
MATURITY 170926
FEE 0.5000
LOAN 0000021927694
LAST_NAME MILLER
ADDRESS 9908 BUSTLETON AVE UNIT E
CITY PHILADELPHI
STATE PA
ZIP 191150000
MORT $23,900.00
BAL $23,714.08
RATE 13.800
PAI $315.09
CLTV 79.938
MATURITY 120905
FEE 0.5000
LOAN 0000021927702
LAST_NAME NEIMAN
ADDRESS 1114 CHESTNUT ST
CITY MIDDLETOWN
STATE PA
ZIP 170570000
MORT $50,000.00
BAL $49,616.62
RATE 9.750
PAI $474.26
CLTV 68.493
MATURITY 171006
FEE 0.5000
LOAN 0000021927769
LAST_NAME REESE
ADDRESS 1317 PUTNAM AVENUE
CITY PLAINFIELD
STATE NJ
ZIP 070600000
MORT $102,000.00
BAL $100,903.16
RATE 9.500
PAI $1,065.11
CLTV 76.691
MATURITY 121023
FEE 0.5000
LOAN 0000021927892
LAST_NAME MCKENNA
ADDRESS 68 OLEANDER AVE
CITY NORTHPOINT
STATE NY
ZIP 117680000
MORT $168,000.00
BAL $167,234.87
RATE 8.950
PAI $1,506.15
CLTV 80.000
MATURITY 171029
FEE 0.5000
LOAN 0000021928049
LAST_NAME WOODS
ADDRESS 5 SOUTH ROCK HILL ROAD
CITY WEBSTER GRO
STATE MO
ZIP 631190000
MORT $123,400.00
BAL $123,297.16
RATE 10.300
PAI $1,110.38
CLTV 45.367
MATURITY 121201
FEE 0.5000
LOAN 0000021928098
LAST_NAME MASSEN
ADDRESS 1934 ROSSWOOD DRIVE
CITY SAN JOSE
STATE CA
ZIP 951240000
MORT $214,000.00
BAL $213,750.20
RATE 8.700
PAI $1,675.90
CLTV 72.053
MATURITY 121201
FEE 0.5000
LOAN 0000021928445
LAST_NAME MODGLIN
ADDRESS 1701 BROEKING ROAD
CITY MARION
STATE IL
ZIP 629590000
MORT $22,000.00
BAL $22,000.00
RATE 9.150
PAI $225.11
CLTV 78.577
MATURITY 130203
FEE 0.5000
LOAN 0000021928650
LAST_NAME SCHINSING
ADDRESS 2204 MOTT RD
CITY STANLEY
STATE NY
ZIP 145610000
MORT $81,000.00
BAL $80,919.98
RATE 9.500
PAI $681.10
CLTV 90.000
MATURITY 121124
FEE 0.5000
LOAN 0000021928668
LAST_NAME KIDD
ADDRESS 4 SETTLERS COURT
CITY TOWNSHIP OF
STATE NJ
ZIP 088530000
MORT $305,000.00
BAL $303,771.37
RATE 9.550
PAI $2,852.97
CLTV 89.705
MATURITY 171203
FEE 0.5000
LOAN 0000021928700
LAST_NAME POWELL
ADDRESS 4417 SOUTH JOPLIN
CITY CITY OF TUL
STATE OK
ZIP 741350000
MORT $20,000.00
BAL $19,898.96
RATE 9.400
PAI $257.71
CLTV 78.723
MATURITY 80113
FEE 0.5000
LOAN 0000021928957
LAST_NAME YURGEN
ADDRESS 105 QUAIL HOLLOW COURT
CITY NAPERVILLE
STATE IL
ZIP 605400000
MORT $142,000.00
BAL $141,839.35
RATE 8.850
PAI $1,127.28
CLTV 73.958
MATURITY 271201
FEE 0.5000
LOAN 0000021928999
LAST_NAME EARLS
ADDRESS 515 WESTWOOD TERRACE
CITY FESTUS
STATE MO
ZIP 630280000
MORT $91,375.00
BAL $91,127.01
RATE 9.800
PAI $869.72
CLTV 85.000
MATURITY 171201
FEE 0.5000
LOAN 0000021929005
LAST_NAME ABBOUD
ADDRESS HCR5 BOX 330
CITY BURNET
STATE TX
ZIP 786110000
MORT $57,800.00
BAL $57,745.54
RATE 9.250
PAI $475.51
CLTV 72.250
MATURITY 130101
FEE 0.5000
LOAN 0000021929120
LAST_NAME MURATALLA
ADDRESS 424 COLUSA PLACE
CITY WOODLAND
STATE CA
ZIP 956950000
MORT $25,000.00
BAL $24,345.97
RATE 9.550
PAI $261.82
CLTV 70.477
MATURITY 121224
FEE 0.5000
LOAN 0000021929161
LAST_NAME BRIODY
ADDRESS 81 BRISBANE LANE
CITY TOWN OF HEM
STATE NY
ZIP 115540000
MORT $140,000.00
BAL $139,560.20
RATE 8.650
PAI $1,228.28
CLTV 75.675
MATURITY 171212
FEE 0.5000
LOAN 0000021929179
LAST_NAME CARNES
ADDRESS 6430 RIDGE
CITY ST. LOUIS
STATE MO
ZIP 631330000
MORT $37,200.00
BAL $37,145.97
RATE 10.400
PAI $348.59
CLTV 80.000
MATURITY 221201
FEE 0.5000
LOAN 0000021929377
LAST_NAME GRIMES
ADDRESS 275 EASY STREET
CITY HOWELL
STATE NJ
ZIP 077310000
MORT $146,000.00
BAL $145,732.49
RATE 8.500
PAI $1,122.61
CLTV 77.659
MATURITY 271209
FEE 0.5000
LOAN 0000021929575
LAST_NAME PAWLAK
ADDRESS 1219 KENTUCKY STREET
CITY OSHKOSH
STATE WI
ZIP 549010000
MORT $72,450.00
BAL $72,379.18
RATE 9.550
PAI $611.85
CLTV 90.000
MATURITY 121208
FEE 0.5000
LOAN 0000021929591
LAST_NAME ETCHEPAREBOR
ADDRESS 605 SOUTH MAIN AVENUE
CITY PORTALES
STATE NM
ZIP 881300000
MORT $28,000.00
BAL $27,805.21
RATE 8.000
PAI $267.59
CLTV 80.000
MATURITY 121210
FEE 0.5000
LOAN 0000021929674
LAST_NAME BERGER
ADDRESS 2089 OLIVE AVENUE
CITY LAKEWOOD
STATE OH
ZIP 441070000
MORT $37,500.00
BAL $37,277.70
RATE 7.750
PAI $352.98
CLTV 36.407
MATURITY 121202
FEE 0.5000
LOAN 0000021929682
LAST_NAME BLANCHARD
ADDRESS 65 GROVE POINT
CITY WESTPORT
STATE CT
ZIP 068800000
MORT $66,000.00
BAL $65,766.65
RATE 7.700
PAI $539.80
CLTV 20.000
MATURITY 171202
FEE 0.5000
LOAN 0000021929716
LAST_NAME SOLAGES
ADDRESS 10-47 JEFFERSON AVE
CITY BROOKLYN
STATE NY
ZIP 112210000
MORT $97,000.00
BAL $96,751.65
RATE 10.250
PAI $952.19
CLTV 52.432
MATURITY 171104
FEE 0.5000
LOAN 0000021929732
LAST_NAME FLAER
ADDRESS 10815 CLERMONT AVENUE
CITY GARRETT PAR
STATE MD
ZIP 208960000
MORT $10,500.00
BAL $10,447.47
RATE 9.650
PAI $110.60
CLTV 46.347
MATURITY 121217
FEE 0.5000
LOAN 0000021929799
LAST_NAME EVANS
ADDRESS 451 PARK STREET NORTH
CITY ST.PETERSBU
STATE FL
ZIP 337100000
MORT $60,000.00
BAL $59,921.64
RATE 9.200
PAI $491.44
CLTV 78.947
MATURITY 271216
FEE 0.5000
LOAN 0000021929823
LAST_NAME FUERST
ADDRESS 10 WINDING WAY
CITY BINGHAMTON
STATE NY
ZIP 139050000
MORT $20,500.00
BAL $20,391.65
RATE 8.600
PAI $255.27
CLTV 68.333
MATURITY 80121
FEE 0.5000
LOAN 0000021929955
LAST_NAME GARDNER
ADDRESS 1085 E 1950 NORTH
CITY NORTH LOGAN
STATE UT
ZIP 843410000
MORT $72,000.00
BAL $71,956.83
RATE 8.550
PAI $556.17
CLTV 58.064
MATURITY 130101
FEE 0.5000
LOAN 0000021930037
LAST_NAME MULLINS
ADDRESS 5988 SE 140TH STREET
CITY BELLEVIEW
STATE FL
ZIP 344210000
MORT $45,900.00
BAL $45,772.17
RATE 9.600
PAI $430.86
CLTV 85.000
MATURITY 171209
FEE 0.5000
LOAN 0000021930045
LAST_NAME NICHOLLS
ADDRESS 339 BAINBRIDGE STREET
CITY BROOKLYN
STATE NY
ZIP 112330000
MORT $141,000.00
BAL $140,830.31
RATE 8.550
PAI $1,089.17
CLTV 72.307
MATURITY 271209
FEE 0.5000
LOAN 0000021930052
LAST_NAME PENNADA
ADDRESS 8169 S TRIPP
CITY CHICAGO
STATE IL
ZIP 606520000
MORT $123,250.00
BAL $123,121.71
RATE 9.250
PAI $1,013.95
CLTV 85.000
MATURITY 121201
FEE 0.5000
LOAN 0000021930060
LAST_NAME HIATT
ADDRESS 1517 N. PARK AVENUE
CITY PEORIA
STATE IL
ZIP 616040000
MORT $26,965.00
BAL $26,835.53
RATE 10.100
PAI $291.42
CLTV 84.996
MATURITY 121223
FEE 0.5000
LOAN 0000021930250
LAST_NAME JAQUEZ
ADDRESS 809 CLAIM STREET
CITY AURORA
STATE IL
ZIP 605050000
MORT $25,000.00
BAL $24,868.95
RATE 9.150
PAI $255.81
CLTV 28.089
MATURITY 121205
FEE 0.5000
LOAN 0000021930367
LAST_NAME FRACHIA
ADDRESS 1092 DUNFORD WAY
CITY SUNNYVALE
STATE CA
ZIP 940870000
MORT $297,000.00
BAL $296,616.03
RATE 8.200
PAI $2,220.83
CLTV 74.250
MATURITY 121201
FEE 0.5000
LOAN 0000021930391
LAST_NAME GOLDSBOROUGH
ADDRESS 3118 BOONE ROAD
CITY CRISFIELD
STATE MD
ZIP 218170000
MORT $94,500.00
BAL $94,363.72
RATE 9.650
PAI $804.97
CLTV 90.000
MATURITY 271201
FEE 0.5000
LOAN 0000021930417
LAST_NAME MARTIN
ADDRESS 2225 WHITE ASH COURT
CITY FLORISSANT
STATE MO
ZIP 630310000
MORT $83,300.00
BAL $83,229.82
RATE 10.250
PAI $746.46
CLTV 85.000
MATURITY 121201
FEE 0.5000
LOAN 0000021930458
LAST_NAME TAYLOR
ADDRESS 819 CYPRESS STREET
CITY BOROUGH OF
STATE PA
ZIP 190500000
MORT $7,992.00
BAL $7,887.27
RATE 9.650
PAI $168.44
CLTV 79.531
MATURITY 21229
FEE 0.5000
LOAN 0000021930672
LAST_NAME JOHN
ADDRESS 914 NE 10TH AVENUE
CITY CITY OF BRA
STATE MN
ZIP 564010000
MORT $12,000.00
BAL $11,971.96
RATE 10.350
PAI $131.54
CLTV 79.898
MATURITY 130106
FEE 0.5000
LOAN 0000021930755
LAST_NAME GRABBER
ADDRESS 25722 36TH STREET
CITY TOWNSHIP OF
STATE MI
ZIP 490550000
MORT $12,750.00
BAL $12,719.65
RATE 10.150
PAI $138.19
CLTV 84.897
MATURITY 130107
FEE 0.5000
LOAN 0000021930797
LAST_NAME RENTSCH
ADDRESS 709 ELDRIDGE STREET
CITY WASHINGTON
STATE IL
ZIP 615710000
MORT $54,048.00
BAL $53,909.61
RATE 9.350
PAI $559.51
CLTV 77.211
MATURITY 121217
FEE 0.5000
LOAN 0000021930870
LAST_NAME CAPORALI
ADDRESS 5402 PRAIRIE TRAIL
CITY WEST PALM B
STATE FL
ZIP 334050000
MORT $30,000.00
BAL $29,846.48
RATE 9.400
PAI $311.46
CLTV 47.863
MATURITY 121208
FEE 0.5000
LOAN 0000021930888
LAST_NAME SWANSON
ADDRESS 203 REGESTER AVENUE
CITY BALTIMORE
STATE MD
ZIP 212120000
MORT $20,650.00
BAL $20,441.72
RATE 9.500
PAI $267.21
CLTV 79.985
MATURITY 71223
FEE 0.5000
LOAN 0000021931316
LAST_NAME FORD
ADDRESS 4702 CONGRESS
CITY CHICAGO
STATE IL
ZIP 606440000
MORT $55,000.00
BAL $54,817.71
RATE 9.250
PAI $452.48
CLTV 64.705
MATURITY 121126
FEE 0.5000
LOAN 0000021931324
LAST_NAME COMBS
ADDRESS 15100 COUNTY RD 93
CITY LILLIAN
STATE AL
ZIP 365490000
MORT $64,000.00
BAL $63,754.74
RATE 10.300
PAI $630.39
CLTV 80.000
MATURITY 171126
FEE 0.5000
LOAN 0000021931340
LAST_NAME ROSS
ADDRESS 1298 CONWAY ROAD
CITY DECATUR
STATE GA
ZIP 300300000
MORT $17,900.00
BAL $17,787.44
RATE 9.300
PAI $184.77
CLTV 79.370
MATURITY 130112
FEE 0.5000
LOAN 0000021931365
LAST_NAME WOODRUFF
ADDRESS 4651 ALLENS HILL ROAD
CITY HONEOYE
STATE NY
ZIP 144710000
MORT $71,500.00
BAL $71,253.37
RATE 7.900
PAI $593.62
CLTV 76.881
MATURITY 171201
FEE 0.5000
LOAN 0000021931514
LAST_NAME HENDRICKS
ADDRESS 219 CHAPPEL STREET
CITY MARENGO
STATE IL
ZIP 601520000
MORT $104,800.00
BAL $104,424.90
RATE 7.600
PAI $850.69
CLTV 80.000
MATURITY 171216
FEE 0.5000
LOAN 0000021931530
LAST_NAME BONEBRAKE
ADDRESS 2347 CAMPBELL STREET
CITY BAKER CITY
STATE OR
ZIP 978140000
MORT $56,800.00
BAL $56,476.36
RATE 7.900
PAI $471.57
CLTV 80.000
MATURITY 180114
FEE 0.5000
LOAN 0000021931548
LAST_NAME KILLINGSWORT
ADDRESS 3205 CARIBOU COURT NW
CITY SALEM
STATE OR
ZIP 973040000
MORT $50,001.00
BAL $49,839.94
RATE 8.450
PAI $432.34
CLTV 79.993
MATURITY 171219
FEE 0.5000
LOAN 0000021931555
LAST_NAME WITTE
ADDRESS 67 VENUS AVENUE
CITY HOLIDAY ISL
STATE AR
ZIP 726320000
MORT $45,900.00
BAL $45,748.39
RATE 9.500
PAI $427.85
CLTV 90.000
MATURITY 171216
FEE 0.5000
LOAN 0000021931563
LAST_NAME JENNINGS
ADDRESS 101 CRAB ORCHARD ROAD
CITY FRANKFORT
STATE KY
ZIP 406010000
MORT $70,400.00
BAL $69,970.19
RATE 8.300
PAI $685.03
CLTV 80.000
MATURITY 121201
FEE 0.5000
LOAN 0000021931738
LAST_NAME SALOMON
ADDRESS 101 VILLAGE AVENUE
CITY ELMONT
STATE NY
ZIP 110030000
MORT $21,500.00
BAL $21,500.00
RATE 9.300
PAI $275.86
CLTV 49.713
MATURITY 80122
FEE 0.5000
LOAN 0000021931845
LAST_NAME JENNINGS
ADDRESS 15623 MALVERNHILL AVENUE
CITY BATON ROUGE
STATE LA
ZIP 708170000
MORT $45,000.00
BAL $44,883.73
RATE 9.250
PAI $463.14
CLTV 73.770
MATURITY 130123
FEE 0.5000
LOAN 0000021931852
LAST_NAME HINTZ
ADDRESS 263 S 21ST AVENUE
CITY BRIGHTON
STATE CO
ZIP 816010000
MORT $12,400.00
BAL $12,305.92
RATE 10.250
PAI $165.59
CLTV 84.802
MATURITY 80112
FEE 0.5000
LOAN 0000021931860
LAST_NAME TAYLOR
ADDRESS 510 W VAN BUREN ST.
CITY AUBURN
STATE IL
ZIP 626150000
MORT $29,744.00
BAL $29,253.83
RATE 10.200
PAI $496.87
CLTV 75.902
MATURITY 41205
FEE 0.5000
LOAN 0000021931928
LAST_NAME MOYERS
ADDRESS 2750 N. SEMINARY AVENUE
CITY CHICAGO
STATE IL
ZIP 606140000
MORT $186,000.00
BAL $185,225.14
RATE 8.800
PAI $1,649.65
CLTV 62.000
MATURITY 171216
FEE 0.5000
LOAN 0000021932025
LAST_NAME POUTURCIOS
ADDRESS 1013 ATHANIA PARKWAY
CITY PARISH OF J
STATE LA
ZIP 700010000
MORT $25,800.00
BAL $25,567.18
RATE 9.400
PAI $267.86
CLTV 65.567
MATURITY 121223
FEE 0.5000
LOAN 0000021932090
LAST_NAME WALKER
ADDRESS 156 B-JONES ROAD
CITY DANVILLE
STATE VA
ZIP 245400000
MORT $70,000.00
BAL $69,772.32
RATE 8.100
PAI $673.01
CLTV 76.086
MATURITY 130120
FEE 0.5000
LOAN 0000021932108
LAST_NAME LYNCH
ADDRESS 9608 S WENTWORTH
CITY CHICAGO
STATE IL
ZIP 606280000
MORT $84,750.00
BAL $84,478.68
RATE 8.500
PAI $735.49
CLTV 77.752
MATURITY 171216
FEE 0.5000
LOAN 0000021932157
LAST_NAME GULLEDGE
ADDRESS LIGHTERED ROAD,
CITY GLEN ST. MA
STATE FL
ZIP 320400000
MORT $64,800.00
BAL $64,494.51
RATE 10.300
PAI $708.29
CLTV 90.000
MATURITY 121212
FEE 0.5000
LOAN 0000021932223
LAST_NAME CAMPBELL
ADDRESS 20206 COUNTY ROAD 20.5
CITY FORT MORGAN
STATE CO
ZIP 807010000
MORT $80,100.00
BAL $80,007.73
RATE 10.700
PAI $744.71
CLTV 90.000
MATURITY 121121
FEE 0.5000
LOAN 0000021932256
LAST_NAME GILLBERG
ADDRESS 351 WEST STREET
CITY LEOMINSTER
STATE MA
ZIP 014530000
MORT $54,000.00
BAL $53,690.99
RATE 8.150
PAI $520.73
CLTV 41.538
MATURITY 121209
FEE 0.5000
LOAN 0000021932264
LAST_NAME BROWN
ADDRESS 3864 SHELLY DR
CITY MOBILE
STATE AL
ZIP 366930000
MORT $26,325.00
BAL $26,123.97
RATE 9.500
PAI $274.89
CLTV 84.653
MATURITY 121121
FEE 0.5000
LOAN 0000021932348
LAST_NAME HOWELL
ADDRESS 228 KYTE ROAD
CITY SAN MATEO
STATE FL
ZIP 321870000
MORT $27,000.00
BAL $26,858.02
RATE 9.100
PAI $275.47
CLTV 60.000
MATURITY 121217
FEE 0.5000
LOAN 0000021932454
LAST_NAME JONES
ADDRESS 408 TINDAL ROAD
CITY PELION
STATE SC
ZIP 291230000
MORT $15,000.00
BAL $14,956.46
RATE 7.950
PAI $142.92
CLTV 27.272
MATURITY 130120
FEE 0.5000
LOAN 0000021932496
LAST_NAME BROWN
ADDRESS 4038 MONTCLAIR DRIVE
CITY MONTGOMERY
STATE AL
ZIP 361100000
MORT $37,450.00
BAL $37,416.00
RATE 9.900
PAI $325.89
CLTV 70.000
MATURITY 271212
FEE 0.5000
LOAN 0000021932579
LAST_NAME HINES
ADDRESS 1819 BELLE AVENUE
CITY DAVENPORT
STATE IA
ZIP 528030000
MORT $40,950.00
BAL $40,910.04
RATE 9.600
PAI $347.33
CLTV 90.000
MATURITY 121222
FEE 0.5000
LOAN 0000021932587
LAST_NAME NELSON
ADDRESS 609 APPLEWOOD AVENUE
CITY ALTAMONTE S
STATE FL
ZIP 327140000
MORT $12,000.00
BAL $11,878.27
RATE 9.400
PAI $154.63
CLTV 67.742
MATURITY 71216
FEE 0.5000
LOAN 0000021932702
LAST_NAME NOWASKI
ADDRESS 2041 WILLIAMS DRIVE
CITY QUINCY
STATE MI
ZIP 490820000
MORT $60,000.00
BAL $59,791.36
RATE 8.650
PAI $526.41
CLTV 80.000
MATURITY 180105
FEE 0.5000
LOAN 0000021932801
LAST_NAME FOLEY
ADDRESS 1325 CHIPPOKES COURT
CITY CITY OF VIR
STATE VA
ZIP 234560000
MORT $12,175.00
BAL $12,113.14
RATE 9.300
PAI $156.22
CLTV 60.812
MATURITY 80107
FEE 0.5000
LOAN 0000021932835
LAST_NAME ANDERSON
ADDRESS 2762 S FAURE DRIVE
CITY MOBILE
STATE AL
ZIP 366090000
MORT $41,400.00
BAL $40,996.56
RATE 10.500
PAI $558.63
CLTV 90.000
MATURITY 71205
FEE 0.5000
LOAN 0000021932892
LAST_NAME COWAN
ADDRESS 46 W. 567 KELLEY ROAD
CITY HAMPSHIRE
STATE IL
ZIP 601400000
MORT $130,000.00
BAL $129,886.25
RATE 10.950
PAI $1,233.11
CLTV 69.932
MATURITY 121223
FEE 0.5000
LOAN 0000021932918
LAST_NAME BERENBROK
ADDRESS 90 LIGHTCAP ROAD
CITY LATROBE
STATE PA
ZIP 156500000
MORT $120,000.00
BAL $119,608.62
RATE 8.500
PAI $1,041.39
CLTV 80.000
MATURITY 171201
FEE 0.5000
LOAN 0000021933015
LAST_NAME SCHRECK
ADDRESS 88 OSCEOLA AVENUE
CITY WARWICK
STATE RI
ZIP 028880000
MORT $81,600.00
BAL $81,549.02
RATE 8.350
PAI $618.78
CLTV 80.000
MATURITY 130101
FEE 0.5000
LOAN 0000021933031
LAST_NAME TOLVER
ADDRESS 914 LENNOX AVENUE
CITY DOTHAN
STATE AL
ZIP 363010000
MORT $27,000.00
BAL $27,000.00
RATE 9.250
PAI $247.29
CLTV 90.000
MATURITY 180223
FEE 0.5000
LOAN 0000021933064
LAST_NAME MCCLURE
ADDRESS 1823 LADD SPRINGS ROAD
CITY CLEVELAND
STATE TN
ZIP 373230000
MORT $18,500.00
BAL $18,452.42
RATE 9.300
PAI $190.96
CLTV 71.738
MATURITY 130121
FEE 0.5000
LOAN 0000021933106
LAST_NAME FIELDS
ADDRESS 901 CHESTER AVENUE
CITY YEADON
STATE PA
ZIP 190500000
MORT $45,000.00
BAL $44,615.79
RATE 8.250
PAI $436.57
CLTV 50.000
MATURITY 121117
FEE 0.5000
LOAN 0000021933114
LAST_NAME VANDYKE
ADDRESS 101 CHESTNUT ST
CITY ORISKANY
STATE NY
ZIP 134240000
MORT $30,800.00
BAL $30,785.78
RATE 9.800
PAI $265.75
CLTV 48.503
MATURITY 130101
FEE 0.5000
LOAN 0000021933163
LAST_NAME BONEBRAKE
ADDRESS 2490 BAKER STREET
CITY BAKER CITY
STATE OR
ZIP 978140000
MORT $56,000.00
BAL $55,679.55
RATE 8.400
PAI $482.45
CLTV 70.000
MATURITY 180114
FEE 0.5000
LOAN 0000021933213
LAST_NAME JARMER
ADDRESS 88 GAMBRILLS RD
CITY SEVERN
STATE MD
ZIP 211440000
MORT $44,500.00
BAL $44,425.85
RATE 8.150
PAI $376.38
CLTV 46.842
MATURITY 171224
FEE 0.5000
LOAN 0000021933288
LAST_NAME MCCARTHY
ADDRESS 2796 WOODVIEW DRIVE
CITY HATFIELD
STATE PA
ZIP 194400000
MORT $82,800.00
BAL $82,575.09
RATE 7.990
PAI $606.98
CLTV 51.111
MATURITY 271029
FEE 0.5000
LOAN 0000021933395
LAST_NAME LEONARD
ADDRESS 214 HAINES AVE
CITY Mount Holly
STATE NJ
ZIP 080600000
MORT $61,800.00
BAL $61,725.63
RATE 8.550
PAI $477.38
CLTV 75.365
MATURITY 271202
FEE 0.5000
LOAN 0000021933403
LAST_NAME ANGELL
ADDRESS 4504 238TH PLACE SW
CITY MOUNTLAKE T
STATE WA
ZIP 980430000
MORT $40,000.00
BAL $39,942.35
RATE 9.300
PAI $367.65
CLTV 54.198
MATURITY 180114
FEE 0.5000
LOAN 0000021933437
LAST_NAME FRAZIER
ADDRESS 306 LUCKY WAY
CITY PRITCHARD
STATE AL
ZIP 366100000
MORT $23,200.00
BAL $23,140.52
RATE 11.400
PAI $245.82
CLTV 80.000
MATURITY 171203
FEE 0.5000
LOAN 0000021933445
LAST_NAME LARUE
ADDRESS 6159 UNION DRIVE
CITY PRESCOTT VA
STATE AZ
ZIP 863140000
MORT $8,000.00
BAL $7,959.06
RATE 9.400
PAI $83.06
CLTV 78.301
MATURITY 121229
FEE 0.5000
LOAN 0000021933502
LAST_NAME WHITCOMB
ADDRESS 613 SUSQUEHANNA STREET
CITY YORK
STATE PA
ZIP 174030000
MORT $20,700.00
BAL $20,700.00
RATE 9.300
PAI $171.05
CLTV 90.000
MATURITY 280128
FEE 0.5000
LOAN 0000021933569
LAST_NAME MEREDITH
ADDRESS 230 FOREST DRIVE
CITY ISLAND LAKE
STATE IL
ZIP 600420000
MORT $80,192.00
BAL $79,739.14
RATE 8.300
PAI $780.31
CLTV 63.143
MATURITY 121222
FEE 0.5000
LOAN 0000021933692
LAST_NAME KELLY
ADDRESS 4241 ELKHORN BOULEVARD
CITY NORTH HIGHL
STATE CA
ZIP 956600000
MORT $45,600.00
BAL $45,491.48
RATE 10.150
PAI $494.22
CLTV 84.089
MATURITY 130114
FEE 0.5000
LOAN 0000021933874
LAST_NAME ABEYTA
ADDRESS 114 LOS CORDOVAS ROAD
CITY RANCHOS DE
STATE NM
ZIP 875570000
MORT $75,000.00
BAL $74,700.84
RATE 9.990
PAI $723.27
CLTV 82.210
MATURITY 171123
FEE 0.5000
LOAN 0000021933908
LAST_NAME LACH
ADDRESS 67639 GLEASON
CITY RICHMOND
STATE MI
ZIP 480620000
MORT $36,400.00
BAL $35,953.13
RATE 9.990
PAI $390.93
CLTV 78.088
MATURITY 120930
FEE 0.5000
LOAN 0000021933932
LAST_NAME MCDANIEL
ADDRESS 186 BRIDGEVIEW DRIVE
CITY LINCOLN
STATE AL
ZIP 350960000
MORT $124,000.00
BAL $123,666.34
RATE 8.800
PAI $1,242.99
CLTV 80.000
MATURITY 130101
FEE 0.5000
LOAN 0000021933973
LAST_NAME ALLEYNE
ADDRESS 864 BUSHWICK AVE
CITY BROOKLYN
STATE NY
ZIP 112210000
MORT $94,000.00
BAL $93,867.26
RATE 9.750
PAI $807.61
CLTV 55.294
MATURITY 271112
FEE 0.5000
LOAN 0000021934088
LAST_NAME SIGMAN
ADDRESS 28 PINE KNOT
CITY LUGOFF
STATE SC
ZIP 290780000
MORT $68,400.00
BAL $68,345.38
RATE 10.500
PAI $625.69
CLTV 90.000
MATURITY 271208
FEE 0.5000
LOAN 0000021934104
LAST_NAME HUNTER
ADDRESS 288 CAMERON ROAD
CITY BROADWAY
STATE NC
ZIP 275050000
MORT $66,400.00
BAL $66,054.02
RATE 9.200
PAI $681.40
CLTV 80.000
MATURITY 121217
FEE 0.5000
LOAN 0000021934153
LAST_NAME DOWIE
ADDRESS 56 CATFISH DRIVE
CITY OSWEGO
STATE NY
ZIP 131260000
MORT $59,500.00
BAL $59,222.99
RATE 9.750
PAI $564.37
CLTV 85.000
MATURITY 171121
FEE 0.5000
LOAN 0000021934211
LAST_NAME BURNS
ADDRESS 2229 PRINCE OF WALES COUR
CITY BOWIE
STATE MD
ZIP 207160000
MORT $18,800.00
BAL $18,710.14
RATE 10.150
PAI $203.76
CLTV 84.977
MATURITY 121229
FEE 0.5000
LOAN 0000021934237
LAST_NAME BECERRA
ADDRESS 1336 SUPERIOR ST
CITY AURORA
STATE IL
ZIP 605050000
MORT $97,750.00
BAL $97,602.85
RATE 9.000
PAI $879.49
CLTV 85.000
MATURITY 171224
FEE 0.5000
LOAN 0000021934310
LAST_NAME CAPELLE
ADDRESS 32410 SE PROCTOR STREET
CITY GRESHAM
STATE OR
ZIP 970800000
MORT $177,200.00
BAL $177,087.00
RATE 8.250
PAI $1,331.25
CLTV 77.043
MATURITY 271217
FEE 0.5000
LOAN 0000021934542
LAST_NAME GAISER
ADDRESS 77 WOODRUFF AVENUE
CITY TOWN OF EAS
STATE NY
ZIP 105830000
MORT $40,000.00
BAL $39,797.16
RATE 9.500
PAI $417.69
CLTV 79.663
MATURITY 121222
FEE 0.5000
LOAN 0000021934583
LAST_NAME HARWOOD
ADDRESS 307 PARKER AVENUE
CITY BROOKLET
STATE GA
ZIP 304150000
MORT $11,400.00
BAL $11,400.00
RATE 9.900
PAI $121.81
CLTV 84.208
MATURITY 130204
FEE 0.5000
LOAN 0000021934666
LAST_NAME PLICHTA
ADDRESS 2944 W LOGAN BLVD
CITY CHICAGO
STATE IL
ZIP 606470000
MORT $36,527.00
BAL $36,527.00
RATE 9.250
PAI $334.54
CLTV 90.000
MATURITY 180211
FEE 0.5000
LOAN 0000021934716
LAST_NAME BLALOCK-MILL
ADDRESS 7526 SAVANNAH DRIVE
CITY OOLTEWAH
STATE TN
ZIP 373630000
MORT $96,000.00
BAL $95,843.37
RATE 9.650
PAI $817.75
CLTV 53.038
MATURITY 271201
FEE 0.5000
LOAN 0000021934799
LAST_NAME UTLEY
ADDRESS 2823 CREST STREET
CITY DURHAM
STATE NC
ZIP 277050000
MORT $63,750.00
BAL $63,663.29
RATE 9.750
PAI $604.68
CLTV 85.000
MATURITY 171229
FEE 0.5000
LOAN 0000021934815
LAST_NAME MEDICUS
ADDRESS 3505 KESWICK ROAD
CITY BALTIMORE
STATE MD
ZIP 212110000
MORT $38,800.00
BAL $38,579.93
RATE 8.250
PAI $376.41
CLTV 57.058
MATURITY 121215
FEE 0.5000
LOAN 0000021934971
LAST_NAME BERGERON
ADDRESS 91 IVY ROAD
CITY NEW BEDFORD
STATE MA
ZIP 027450000
MORT $89,500.00
BAL $89,358.28
RATE 9.200
PAI $733.05
CLTV 78.508
MATURITY 271117
FEE 0.5000
LOAN 0000021935002
LAST_NAME DECHIARA
ADDRESS 193 MERRITT ROAD
CITY FARMINGDALE
STATE NY
ZIP 117350000
MORT $109,600.00
BAL $109,057.98
RATE 10.100
PAI $1,184.49
CLTV 80.000
MATURITY 121124
FEE 0.5000
LOAN 0000021935127
LAST_NAME HOLLAND
ADDRESS 7502 SAULSBURY ROAD
CITY TULLY
STATE NY
ZIP 131590000
MORT $35,500.00
BAL $35,237.34
RATE 9.450
PAI $369.63
CLTV 83.871
MATURITY 121121
FEE 0.5000
LOAN 0000021935150
LAST_NAME MATTHEWS
ADDRESS 4607 JOHN STREET
CITY SUITLAND
STATE MD
ZIP 207460000
MORT $32,000.00
BAL $31,474.96
RATE 9.400
PAI $412.33
CLTV 72.500
MATURITY 71224
FEE 0.5000
LOAN 0000021935325
LAST_NAME SILCOX
ADDRESS 1120 BLACK HEATH RD
CITY MIDLOTHIAN
STATE VA
ZIP 231130000
MORT $45,000.00
BAL $43,743.83
RATE 9.750
PAI $476.72
CLTV 50.279
MATURITY 120930
FEE 0.5000
LOAN 0000021935382
LAST_NAME HARRELL
ADDRESS 12235 S LASALLE
CITY CHICAGO
STATE IL
ZIP 606280000
MORT $64,000.00
BAL $63,798.94
RATE 8.650
PAI $561.50
CLTV 75.294
MATURITY 171212
FEE 0.5000
LOAN 0000021935507
LAST_NAME JOHNSON
ADDRESS 6206 HUDSON ST
CITY COVINGTON
STATE GA
ZIP 300290000
MORT $30,000.00
BAL $29,700.42
RATE 9.500
PAI $279.64
CLTV 69.767
MATURITY 170825
FEE 0.5000
LOAN 0000021935515
LAST_NAME VANDERVEUR
ADDRESS 1503 EAST 12490 SOUTH
CITY DRAPER
STATE UT
ZIP 840200000
MORT $25,000.00
BAL $24,812.86
RATE 8.750
PAI $249.86
CLTV 47.857
MATURITY 121201
FEE 0.5000
LOAN 0000021935523
LAST_NAME JOYCE
ADDRESS 2787 WARREN STREET
CITY EUGENE
STATE OR
ZIP 974050000
MORT $148,500.00
BAL $148,357.89
RATE 9.650
PAI $1,264.96
CLTV 90.000
MATURITY 271205
FEE 0.5000
LOAN 0000021935556
LAST_NAME MCKILLIPS
ADDRESS 15200 SW SCHOLLS DRIVE
CITY SHERWOOD
STATE OR
ZIP 971400000
MORT $38,175.00
BAL $38,084.15
RATE 10.150
PAI $413.75
CLTV 85.000
MATURITY 130113
FEE 0.5000
LOAN 0000021935580
LAST_NAME DAYES
ADDRESS 5320 NW 12 STREET
CITY LAUDERHILL
STATE FL
ZIP 333130000
MORT $28,000.00
BAL $27,259.78
RATE 9.400
PAI $586.69
CLTV 55.294
MATURITY 21201
FEE 0.5000
LOAN 0000021935630
LAST_NAME SISTRUNK
ADDRESS 3861 GULLIVER STREET
CITY LAS VEGAS
STATE NV
ZIP 891150000
MORT $8,500.00
BAL $8,500.00
RATE 9.900
PAI $180.19
CLTV 84.731
MATURITY 30210
FEE 0.5000
LOAN 0000021935705
LAST_NAME RICE
ADDRESS 5941 S 164TH WEST AVENUE
CITY SAND SPRING
STATE OK
ZIP 740630000
MORT $55,250.00
BAL $55,190.99
RATE 11.050
PAI $528.25
CLTV 80.656
MATURITY 280101
FEE 0.5000
LOAN 0000021935747
LAST_NAME FLEISCHER
ADDRESS 183 IVY HILL CRESCENT
CITY RYE BROOK
STATE NY
ZIP 105730000
MORT $118,000.00
BAL $117,873.99
RATE 11.050
PAI $1,128.20
CLTV 79.950
MATURITY 121101
FEE 0.5000
LOAN 0000021935838
LAST_NAME STOCKWELL
ADDRESS 3122 N. SHERWOOD
CITY PEORIA
STATE IL
ZIP 616040000
MORT $55,250.00
BAL $54,302.38
RATE 8.400
PAI $540.84
CLTV 85.000
MATURITY 121202
FEE 0.5000
LOAN 0000021935879
LAST_NAME RIVERA
ADDRESS 5457 CASPER
CITY DETROIT
STATE MI
ZIP 482100000
MORT $17,500.00
BAL $17,403.95
RATE 8.650
PAI $173.88
CLTV 70.000
MATURITY 121229
FEE 0.5000
LOAN 0000021935903
LAST_NAME PRIDE
ADDRESS 3713 WOODSMAN COURT
CITY SMITHLAND
STATE MD
ZIP 207460000
MORT $44,800.00
BAL $44,800.00
RATE 9.900
PAI $429.37
CLTV 85.000
MATURITY 180219
FEE 0.5000
LOAN 0000021935929
LAST_NAME MC LEISTER
ADDRESS 5701 TREOSTI PLACE
CITY VALLEY SPRI
STATE CA
ZIP 952520000
MORT $30,000.00
BAL $29,834.04
RATE 9.400
PAI $277.69
CLTV 76.729
MATURITY 180113
FEE 0.5000
LOAN 0000021935986
LAST_NAME RIVERA
ADDRESS 3519 RIVERSIDE AVENUE
CITY CLEVELAND
STATE OH
ZIP 441090000
MORT $48,000.00
BAL $47,915.58
RATE 10.090
PAI $424.44
CLTV 80.000
MATURITY 121024
FEE 0.5000
LOAN 0000021936042
LAST_NAME KOFONIS
ADDRESS 3650 CHING DAIRY RD
CITY MOBILE
STATE AL
ZIP 366180000
MORT $77,775.00
BAL $77,712.91
RATE 10.500
PAI $711.44
CLTV 85.000
MATURITY 271126
FEE 0.5000
LOAN 0000021936075
LAST_NAME STROUD
ADDRESS 1612 TRUMAN AVE
CITY CHATTANOOGA
STATE TN
ZIP 374120000
MORT $65,300.00
BAL $65,242.60
RATE 10.050
PAI $575.47
CLTV 89.452
MATURITY 271126
FEE 0.5000
LOAN 0000021936083
LAST_NAME SHEPARDSON
ADDRESS 190 GLORY VIEW DR
CITY GRAND JUNCT
STATE CO
ZIP 815030000
MORT $54,000.00
BAL $53,926.54
RATE 7.950
PAI $394.36
CLTV 61.363
MATURITY 121201
FEE 0.5000
LOAN 0000021936133
LAST_NAME SUMTER
ADDRESS ROUTE 1, BOX 659
CITY CAMERON
STATE SC
ZIP 290300000
MORT $42,300.00
BAL $42,242.83
RATE 9.800
PAI $402.62
CLTV 90.000
MATURITY 171230
FEE 0.5000
LOAN 0000021936364
LAST_NAME BRIDGE
ADDRESS 11 PAUL STREET
CITY LINCOLN PAR
STATE NJ
ZIP 070350000
MORT $57,000.00
BAL $56,612.87
RATE 9.450
PAI $736.01
CLTV 56.771
MATURITY 71229
FEE 0.5000
LOAN 0000021936380
LAST_NAME ASHLEY
ADDRESS 5515 AVENDIA CUESTA NE
CITY ALBUQUERQUE
STATE NM
ZIP 871110000
MORT $161,160.00
BAL $160,879.52
RATE 7.800
PAI $1,328.02
CLTV 62.953
MATURITY 180109
FEE 0.5000
LOAN 0000021936406
LAST_NAME MOORE
ADDRESS 3707 RUNNYMEDE BOULEVARD
CITY CLEVELAND H
STATE OH
ZIP 441210000
MORT $131,800.00
BAL $131,137.64
RATE 9.600
PAI $1,384.26
CLTV 87.284
MATURITY 121201
FEE 0.5000
LOAN 0000021936414
LAST_NAME WHITNEY
ADDRESS 827 N MERCER STREET
CITY DECATUR
STATE IL
ZIP 625220000
MORT $16,200.00
BAL $16,151.77
RATE 9.900
PAI $173.10
CLTV 90.000
MATURITY 130119
FEE 0.5000
LOAN 0000021936455
LAST_NAME MARTIN
ADDRESS 3891 14TH STREET
CITY WYANDOTTE
STATE MI
ZIP 481920000
MORT $69,000.00
BAL $69,000.00
RATE 8.300
PAI $590.10
CLTV 78.857
MATURITY 180209
FEE 0.5000
LOAN 0000021936497
LAST_NAME DE LUCA
ADDRESS 18916 CREEKVIEW LANE
CITY MOKENA
STATE IL
ZIP 604480000
MORT $59,000.00
BAL $58,859.59
RATE 10.150
PAI $639.45
CLTV 84.984
MATURITY 130112
FEE 0.5000
LOAN 0000021936570
LAST_NAME CORY
ADDRESS 96 SEWELL STREET
CITY SHREWSBURY
STATE MA
ZIP 015450000
MORT $37,000.00
BAL $36,974.66
RATE 7.900
PAI $268.92
CLTV 21.387
MATURITY 130114
FEE 0.5000
LOAN 0000021936646
LAST_NAME STRATTON
ADDRESS 3006 MARSHALL STREET
CITY ROCKFORD
STATE IL
ZIP 611090000
MORT $42,210.00
BAL $42,166.84
RATE 11.450
PAI $416.39
CLTV 90.000
MATURITY 121124
FEE 0.5000
LOAN 0000021936729
LAST_NAME BENNETT
ADDRESS 1923 MARSHALL STREET
CITY BENWOOD
STATE WV
ZIP 260310000
MORT $45,000.00
BAL $44,864.73
RATE 9.000
PAI $404.88
CLTV 90.000
MATURITY 171217
FEE 0.5000
LOAN 0000021936745
LAST_NAME CHALMERS
ADDRESS 1448 NW CORCORAN STREET
CITY WASHINGTON
STATE DC
ZIP 200090000
MORT $30,000.00
BAL $29,824.23
RATE 9.500
PAI $313.27
CLTV 69.377
MATURITY 130105
FEE 0.5000
LOAN 0000021936778
LAST_NAME SIGLER
ADDRESS 40445 HARMON DRIVE
CITY STERLING HE
STATE MI
ZIP 483100000
MORT $100,000.00
BAL $99,452.58
RATE 8.650
PAI $993.56
CLTV 71.428
MATURITY 121215
FEE 0.5000
LOAN 0000021936786
LAST_NAME CHILDERS
ADDRESS 550 WESTSIDE CIRCLE
CITY CHINA GROVE
STATE NC
ZIP 280230000
MORT $12,400.00
BAL $12,400.00
RATE 10.450
PAI $136.69
CLTV 69.264
MATURITY 130204
FEE 0.5000
LOAN 0000021936794
LAST_NAME TAYLOR
ADDRESS 585 FOUNTAINDALE ROAD
CITY ROCKY FACE
STATE GA
ZIP 307400000
MORT $32,500.00
BAL $32,334.57
RATE 9.400
PAI $418.77
CLTV 74.252
MATURITY 80107
FEE 0.5000
LOAN 0000021936802
LAST_NAME OGLESBY
ADDRESS 3 CANAL STREET
CITY CHICKASAW
STATE AL
ZIP 366110000
MORT $36,000.00
BAL $35,883.29
RATE 8.400
PAI $310.15
CLTV 78.260
MATURITY 171208
FEE 0.5000
LOAN 0000021936828
LAST_NAME ROBINSON
ADDRESS 5 NORTHAMPTON DRIVE
CITY WILLINGBORO
STATE NJ
ZIP 080460000
MORT $84,000.00
BAL $83,953.64
RATE 8.950
PAI $672.86
CLTV 80.000
MATURITY 271229
FEE 0.5000
LOAN 0000021936851
LAST_NAME HAWKINS
ADDRESS 9503 215TH STREET S.W.
CITY EDMONDS
STATE WA
ZIP 980200000
MORT $140,000.00
BAL $139,756.59
RATE 8.750
PAI $1,101.38
CLTV 80.000
MATURITY 271125
FEE 0.5000
LOAN 0000021936869
LAST_NAME WILLIAMS
ADDRESS 305 ZENE ST
CITY HENDERSON
STATE NC
ZIP 275360000
MORT $35,500.00
BAL $35,500.00
RATE 9.800
PAI $465.21
CLTV 59.166
MATURITY 80201
FEE 0.5000
LOAN 0000021936893
LAST_NAME NANCE
ADDRESS 1031 GREENBRIER RD
CITY HILLSBORO
STATE OH
ZIP 451330000
MORT $65,600.00
BAL $65,491.38
RATE 8.200
PAI $556.89
CLTV 80.000
MATURITY 180123
FEE 0.5000
LOAN 0000021936901
LAST_NAME MCCARTY
ADDRESS 2863 STATE ROUTE 132
CITY NEW RICHMON
STATE OH
ZIP 451570000
MORT $83,300.00
BAL $83,243.47
RATE 11.250
PAI $809.07
CLTV 85.000
MATURITY 121210
FEE 0.5000
LOAN 0000021937032
LAST_NAME JOHNSON
ADDRESS 1154 CONGO ROAD
CITY NORTH WILKE
STATE NC
ZIP 286590000
MORT $54,000.00
BAL $53,852.85
RATE 9.900
PAI $517.54
CLTV 90.000
MATURITY 171205
FEE 0.5000
LOAN 0000021937180
LAST_NAME WASHINGTON
ADDRESS 840 NW 168 DRIVE
CITY MIAMI
STATE FL
ZIP 331690000
MORT $40,000.00
BAL $39,392.42
RATE 9.500
PAI $517.60
CLTV 73.255
MATURITY 71219
FEE 0.5000
LOAN 0000021937297
LAST_NAME ANDERSON
ADDRESS 370 STONEY POINT ROAD
CITY EAST BERLIN
STATE PA
ZIP 173160000
MORT $39,000.00
BAL $38,891.23
RATE 8.400
PAI $381.77
CLTV 44.318
MATURITY 130105
FEE 0.5000
LOAN 0000021937354
LAST_NAME CHAVEZ
ADDRESS 5909 NW CHIMAYO DRIVE
CITY ALBUQUERQUE
STATE NM
ZIP 871200000
MORT $18,000.00
BAL $17,807.34
RATE 9.300
PAI $165.44
CLTV 62.738
MATURITY 180114
FEE 0.5000
LOAN 0000021937362
LAST_NAME ARNOLD
ADDRESS 2982 MONTCLAIR DRIVE
CITY CLAREMONT
STATE NC
ZIP 286100000
MORT $15,000.00
BAL $14,763.79
RATE 9.200
PAI $191.65
CLTV 60.469
MATURITY 80107
FEE 0.5000
LOAN 0000021937438
LAST_NAME CAZAREZ
ADDRESS 2319 MELROSE STREET
CITY NATIONAL CI
STATE CA
ZIP 919500000
MORT $20,000.00
BAL $19,795.97
RATE 9.300
PAI $256.62
CLTV 59.289
MATURITY 71224
FEE 0.5000
LOAN 0000021937503
LAST_NAME VOORHEES
ADDRESS 817 BROWNELL AVENUE
CITY GLENDALE
STATE MO
ZIP 631220000
MORT $89,200.00
BAL $89,091.52
RATE 8.500
PAI $685.88
CLTV 80.000
MATURITY 121217
FEE 0.5000
LOAN 0000021937552
LAST_NAME HASECUSTER
ADDRESS 9889 NORTH SHORE TRAIL
CITY FOREST LAKE
STATE MN
ZIP 550250000
MORT $19,000.00
BAL $18,848.40
RATE 9.400
PAI $244.82
CLTV 67.856
MATURITY 80105
FEE 0.5000
LOAN 0000021937578
LAST_NAME SPICHALSKY
ADDRESS 374 JOHNSON AVENUE
CITY TOWN OF ISL
STATE NY
ZIP 117160000
MORT $80,000.00
BAL $79,740.68
RATE 8.400
PAI $689.21
CLTV 69.565
MATURITY 171224
FEE 0.5000
LOAN 0000021937602
LAST_NAME BOTELHO
ADDRESS 2049 READ STREET
CITY SOMERSET
STATE MA
ZIP 027260000
MORT $20,000.00
BAL $19,857.28
RATE 10.250
PAI $218.00
CLTV 84.733
MATURITY 121121
FEE 0.5000
LOAN 0000021937677
LAST_NAME HOLLAND
ADDRESS 5406 E 60TH WAY
CITY COMMERCE CI
STATE CO
ZIP 800220000
MORT $35,100.00
BAL $35,010.54
RATE 9.400
PAI $364.41
CLTV 80.897
MATURITY 130112
FEE 0.5000
LOAN 0000021937784
LAST_NAME SANCHEZ
ADDRESS 13 PINETREE
CITY OLD BRIDGE
STATE NJ
ZIP 088570000
MORT $103,500.00
BAL $103,500.00
RATE 9.050
PAI $836.51
CLTV 73.928
MATURITY 130107
FEE 0.5000
LOAN 0000021937826
LAST_NAME BRINEGAR
ADDRESS 6438 RAVENA DRIVE
CITY HAMILTON
STATE OH
ZIP 450110000
MORT $81,900.00
BAL $81,796.07
RATE 10.250
PAI $733.91
CLTV 90.000
MATURITY 121029
FEE 0.5000
LOAN 0000021937867
LAST_NAME KIRT
ADDRESS 3330 OSAGE DRIVE
CITY ZEPHYRHILLS
STATE FL
ZIP 335410000
MORT $42,300.00
BAL $42,100.57
RATE 10.300
PAI $462.36
CLTV 90.000
MATURITY 121223
FEE 0.5000
LOAN 0000021937917
LAST_NAME DIEDRICH
ADDRESS 4554 43RD ST NE
CITY TACOMA
STATE WA
ZIP 984220000
MORT $25,225.00
BAL $25,082.64
RATE 10.200
PAI $274.17
CLTV 80.000
MATURITY 121209
FEE 0.5000
LOAN 0000021937933
LAST_NAME STODDARD
ADDRESS 80 EVERETT STREET
CITY MIDDLEBORO
STATE MA
ZIP 023460000
MORT $85,000.00
BAL $84,910.60
RATE 9.200
PAI $696.20
CLTV 68.000
MATURITY 271201
FEE 0.5000
LOAN 0000021937958
LAST_NAME YECK
ADDRESS 2525 BLEIGH AVE
CITY PHILADELPHI
STATE PA
ZIP 191520000
MORT $20,000.00
BAL $19,634.30
RATE 8.990
PAI $202.74
CLTV 23.529
MATURITY 121126
FEE 0.5000
LOAN 0000021937966
LAST_NAME BOYKIN
ADDRESS 1705 E DOG RIVER DRIVE
CITY MOBILE
STATE AL
ZIP 366050000
MORT $47,250.00
BAL $47,162.06
RATE 12.650
PAI $541.83
CLTV 90.000
MATURITY 171203
FEE 0.5000
LOAN 0000021938071
LAST_NAME COMBS
ADDRESS 464 TOLEDO AVENUE
CITY MARION
STATE OH
ZIP 433020000
MORT $40,800.00
BAL $40,659.50
RATE 9.250
PAI $373.68
CLTV 85.000
MATURITY 171211
FEE 0.5000
LOAN 0000021938089
LAST_NAME LUNDIN
ADDRESS 8024 W 127TH AVENUE
CITY CEDAR LAKE
STATE IN
ZIP 463030000
MORT $81,600.00
BAL $81,472.09
RATE 9.250
PAI $671.31
CLTV 80.000
MATURITY 271017
FEE 0.5000
LOAN 0000021938162
LAST_NAME TERRY
ADDRESS 687 WOOSTER ROAD NORTH
CITY BARBERTON
STATE OH
ZIP 442030000
MORT $56,000.00
BAL $55,869.65
RATE 8.750
PAI $440.56
CLTV 80.000
MATURITY 271027
FEE 0.5000
LOAN 0000021938196
LAST_NAME MATHIS
ADDRESS 1287 BUFFALO AVE
CITY HamiltonTwp
STATE NJ
ZIP 083420000
MORT $53,000.00
BAL $52,942.48
RATE 9.050
PAI $428.36
CLTV 60.227
MATURITY 271203
FEE 0.5000
LOAN 0000021938253
LAST_NAME SMITH
ADDRESS 700 HADLEY ROAD
CITY RALEIGH
STATE NC
ZIP 276100000
MORT $68,000.00
BAL $67,534.20
RATE 10.750
PAI $690.36
CLTV 85.000
MATURITY 171210
FEE 0.5000
LOAN 0000021938279
LAST_NAME LEONARD
ADDRESS 533 WEST MAIN STREET
CITY BELLEVUE
STATE OH
ZIP 448110000
MORT $9,350.00
BAL $9,255.69
RATE 9.500
PAI $120.99
CLTV 79.383
MATURITY 71222
FEE 0.5000
LOAN 0000021938295
LAST_NAME BLEVINS
ADDRESS 126 SUMMER PLACE
CITY HATTIESBURG
STATE MS
ZIP 394020000
MORT $117,600.00
BAL $116,967.87
RATE 8.300
PAI $1,445.53
CLTV 80.000
MATURITY 71229
FEE 0.5000
LOAN 0000021938386
LAST_NAME HAYES
ADDRESS 178 DUTTON STREET
CITY SOMERSET
STATE NJ
ZIP 088730000
MORT $100,000.00
BAL $99,833.35
RATE 8.850
PAI $793.85
CLTV 66.666
MATURITY 271208
FEE 0.5000
LOAN 0000021938485
LAST_NAME HUTCHINS
ADDRESS 190 OLD HWY 357
CITY CAMPOBELLO
STATE SC
ZIP 293220000
MORT $61,000.00
BAL $60,594.26
RATE 9.800
PAI $648.07
CLTV 87.142
MATURITY 121204
FEE 0.5000
LOAN 0000021938519
LAST_NAME MOTYLL
ADDRESS 651 DARTMOUTH LANE
CITY NEW LENOX
STATE IL
ZIP 604510000
MORT $34,250.00
BAL $34,085.85
RATE 10.100
PAI $303.11
CLTV 85.000
MATURITY 121205
FEE 0.5000
LOAN 0000021938527
LAST_NAME INGLE
ADDRESS 4360 E MONTCLAIR CIR.
CITY MOBILE
STATE AL
ZIP 366090000
MORT $48,000.00
BAL $47,866.13
RATE 8.400
PAI $469.87
CLTV 61.538
MATURITY 130101
FEE 0.5000
LOAN 0000021938600
LAST_NAME SHAFFER
ADDRESS ROUTE 2 BOX 3378
CITY HILLIARD
STATE FL
ZIP 320460000
MORT $64,800.00
BAL $64,472.86
RATE 9.550
PAI $678.62
CLTV 80.000
MATURITY 121223
FEE 0.5000
LOAN 0000021938618
LAST_NAME BRADY
ADDRESS 1229 A BENSON-HARDEE ROAD
CITY BENSON
STATE NC
ZIP 275040000
MORT $74,250.00
BAL $74,153.03
RATE 10.150
PAI $723.92
CLTV 90.000
MATURITY 180101
FEE 0.5000
LOAN 0000021938691
LAST_NAME ANDERSON
ADDRESS 1043 WEST 26TH STREET
CITY RIVIERA BEA
STATE FL
ZIP 334040000
MORT $40,000.00
BAL $39,786.06
RATE 9.250
PAI $411.68
CLTV 71.428
MATURITY 121215
FEE 0.5000
LOAN 0000021938758
LAST_NAME ECKHART
ADDRESS 34296 HIGH VIEW DRIVE
CITY PINE
STATE CO
ZIP 804200000
MORT $152,000.00
BAL $150,950.44
RATE 8.500
PAI $1,168.75
CLTV 80.000
MATURITY 270205
FEE 0.5000
LOAN 0000021938766
LAST_NAME MORGAN
ADDRESS 2250 BOWSTRING DRIVE
CITY LAS VEGAS
STATE NV
ZIP 891220000
MORT $55,000.00
BAL $54,910.05
RATE 8.300
PAI $470.37
CLTV 52.380
MATURITY 180120
FEE 0.5000
LOAN 0000021938790
LAST_NAME CAPETILLO
ADDRESS 408 WILLIAMS STREET
CITY GROVETOWN
STATE GA
ZIP 308130000
MORT $13,000.00
BAL $13,000.00
RATE 9.150
PAI $165.74
CLTV 79.451
MATURITY 80204
FEE 0.5000
LOAN 0000021938832
LAST_NAME COLLIER
ADDRESS 7415 SHAFTESBURY
CITY SAINT LOUIS
STATE MO
ZIP 631300000
MORT $140,000.00
BAL $139,925.88
RATE 9.150
PAI $1,141.62
CLTV 80.000
MATURITY 130101
FEE 0.5000
LOAN 0000021938865
LAST_NAME GAMINO
ADDRESS 8706 S BUFFALO
CITY CHICAGO
STATE IL
ZIP 606170000
MORT $60,300.00
BAL $60,244.09
RATE 9.800
PAI $520.29
CLTV 90.000
MATURITY 271210
FEE 0.5000
LOAN 0000021938931
LAST_NAME HUESKE
ADDRESS 11 WHEATON CIRCLE
CITY GREENSBORO
STATE NC
ZIP 274060000
MORT $171,500.00
BAL $170,981.24
RATE 8.950
PAI $1,537.52
CLTV 71.161
MATURITY 171209
FEE 0.5000
LOAN 0000021938949
LAST_NAME LEE
ADDRESS 10271 LOCKWOOD DRIVE
CITY GRAND BAY
STATE AL
ZIP 365410000
MORT $56,800.00
BAL $56,534.69
RATE 10.400
PAI $624.35
CLTV 77.278
MATURITY 121208
FEE 0.5000
LOAN 0000021939012
LAST_NAME JEBB
ADDRESS 641 NW 198TH STREET
CITY MIAMI
STATE FL
ZIP 331690000
MORT $25,000.00
BAL $24,936.57
RATE 9.450
PAI $260.31
CLTV 35.257
MATURITY 130112
FEE 0.5000
LOAN 0000021939046
LAST_NAME HOLLOWAY
ADDRESS 1722 EPWORTH STREET
CITY PHENIX CITY
STATE AL
ZIP 368690000
MORT $44,200.00
BAL $44,085.36
RATE 10.150
PAI $430.94
CLTV 71.290
MATURITY 171212
FEE 0.5000
LOAN 0000021939186
LAST_NAME ASAUSKAS
ADDRESS 8916 HIGHLAND COURT
CITY WOODBURY
STATE MN
ZIP 551250000
MORT $25,000.00
BAL $24,343.15
RATE 9.500
PAI $525.05
CLTV 54.079
MATURITY 21229
FEE 0.5000
LOAN 0000021939194
LAST_NAME SABATINE
ADDRESS 2604 MONTCLAIR AVENUE
CITY CLEVELAND
STATE OH
ZIP 441090000
MORT $62,800.00
BAL $62,473.99
RATE 7.900
PAI $521.39
CLTV 80.000
MATURITY 171203
FEE 0.5000
LOAN 0000021939293
LAST_NAME SETLIF
ADDRESS 123 MARSHALL AVENUE
CITY COLONIAL BE
STATE VA
ZIP 224430000
MORT $30,500.00
BAL $30,039.84
RATE 7.850
PAI $428.85
CLTV 27.477
MATURITY 51223
FEE 0.5000
LOAN 0000021939327
LAST_NAME WRIGHT
ADDRESS 2210 CLOVERDALE DRIVE
CITY FALLSTON
STATE MD
ZIP 210470000
MORT $136,000.00
BAL $135,921.76
RATE 8.750
PAI $1,069.91
CLTV 80.000
MATURITY 121226
FEE 0.5000
LOAN 0000021939335
LAST_NAME SLAGLE
ADDRESS 590 E LOCUST ST
CITY SANDY
STATE UT
ZIP 840700000
MORT $96,000.00
BAL $95,940.02
RATE 8.350
PAI $727.98
CLTV 76.800
MATURITY 130101
FEE 0.5000
LOAN 0000021939368
LAST_NAME ECHOLS
ADDRESS 8234 S. CHAMPLAIN AVENUE
CITY CHICAGO
STATE IL
ZIP 606190000
MORT $82,500.00
BAL $82,424.72
RATE 7.800
PAI $593.90
CLTV 71.739
MATURITY 271222
FEE 0.5000
LOAN 0000021939392
LAST_NAME MOLDEN
ADDRESS 12468 CRYSTAL RANCH ROAD
CITY MOORPARK
STATE CA
ZIP 930210000
MORT $21,800.00
BAL $21,800.00
RATE 10.000
PAI $234.27
CLTV 84.737
MATURITY 130209
FEE 0.5000
LOAN 0000021939459
LAST_NAME JARRELL
ADDRESS 8169 MAPLE STREET
CITY JACKSONVILL
STATE FL
ZIP 322440000
MORT $32,000.00
BAL $31,890.42
RATE 9.100
PAI $289.98
CLTV 57.142
MATURITY 171219
FEE 0.5000
LOAN 0000021939491
LAST_NAME BEAVER
ADDRESS 13732 PINE ROAD
CITY THORNVILLE
STATE OH
ZIP 430760000
MORT $68,850.00
BAL $68,753.28
RATE 9.500
PAI $641.78
CLTV 90.000
MATURITY 171229
FEE 0.5000
LOAN 0000021939517
LAST_NAME ARCE
ADDRESS 1617 N. 26TH AVENUE
CITY N. MYRTLE B
STATE SC
ZIP 295820000
MORT $7,800.00
BAL $7,800.00
RATE 9.500
PAI $163.82
CLTV 79.727
MATURITY 30218
FEE 0.5000
LOAN 0000021939525
LAST_NAME CLARK
ADDRESS 2621 BLUE BONNET DRIVE
CITY SEBRING
STATE FL
ZIP 338720000
MORT $15,000.00
BAL $14,950.47
RATE 8.250
PAI $127.81
CLTV 24.590
MATURITY 171212
FEE 0.5000
LOAN 0000021939541
LAST_NAME BAILEY
ADDRESS 6556 S GREENWOOD AVE
CITY CHICAGO
STATE IL
ZIP 606370000
MORT $50,500.00
BAL $50,406.25
RATE 8.900
PAI $402.71
CLTV 63.125
MATURITY 121219
FEE 0.5000
LOAN 0000021939699
LAST_NAME GESUALDI
ADDRESS 31 NORTH ELMORE AVENUE
CITY NORTH PROVI
STATE RI
ZIP 029110000
MORT $16,800.00
BAL $16,682.85
RATE 10.500
PAI $185.71
CLTV 51.691
MATURITY 121124
FEE 0.5000
LOAN 0000021939749
LAST_NAME LEASURE
ADDRESS RD 2 BOX 339
CITY TOWNSHIP OF
STATE PA
ZIP 156900000
MORT $11,500.00
BAL $11,472.63
RATE 10.150
PAI $124.64
CLTV 76.136
MATURITY 121229
FEE 0.5000
LOAN 0000021939822
LAST_NAME VAZZONA
ADDRESS 6916 PARK AVENUE
CITY GUTTENBERG
STATE NJ
ZIP 070930000
MORT $96,000.00
BAL $95,522.76
RATE 8.250
PAI $817.99
CLTV 80.000
MATURITY 171129
FEE 0.5000
LOAN 0000021939939
LAST_NAME HANDBERRY
ADDRESS 201 WILFRED AVENUE
CITY HAMILTON
STATE NJ
ZIP 086100000
MORT $73,500.00
BAL $73,404.72
RATE 9.250
PAI $604.67
CLTV 77.368
MATURITY 271215
FEE 0.5000
LOAN 0000021940069
LAST_NAME BRASHER
ADDRESS 308 SHADY LANE
CITY VAN BUREN
STATE AR
ZIP 729560000
MORT $14,030.00
BAL $13,989.45
RATE 8.000
PAI $134.08
CLTV 90.133
MATURITY 130106
FEE 0.5000
LOAN 0000021940085
LAST_NAME ANTONUCCI
ADDRESS 5MORTON ROAD
CITY ARLINGTON
STATE MA
ZIP 021740000
MORT $25,000.00
BAL $25,000.00
RATE 11.000
PAI $284.15
CLTV 61.448
MATURITY 130121
FEE 0.5000
LOAN 0000021940093
LAST_NAME BROWN
ADDRESS 26 S FRONT STREET
CITY COPLAY
STATE PA
ZIP 180370000
MORT $61,000.00
BAL $60,933.11
RATE 9.000
PAI $490.82
CLTV 76.250
MATURITY 271229
FEE 0.5000
LOAN 0000021940101
LAST_NAME DAVIS
ADDRESS 3768 W BINGHAM CREEK DR
CITY WEST JORDAN
STATE UT
ZIP 840880000
MORT $121,500.00
BAL $121,443.91
RATE 9.800
PAI $1,048.34
CLTV 90.000
MATURITY 130101
FEE 0.5000
LOAN 0000021940937
LAST_NAME REVEL
ADDRESS 211 OVERLAND DRIVE
CITY RICHMOND
STATE KY
ZIP 404750000
MORT $56,800.00
BAL $55,691.92
RATE 8.650
PAI $564.34
CLTV 80.000
MATURITY 120702
FEE 0.5000
LOAN 0000021941166
LAST_NAME SIMMONS
ADDRESS 11096 W HALF MOON PASS
CITY LITTLETON
STATE CO
ZIP 801270000
MORT $176,000.00
BAL $175,237.58
RATE 8.500
PAI $1,353.29
CLTV 80.000
MATURITY 270702
FEE 0.5000
LOAN 0000021941315
LAST_NAME KUCZEK
ADDRESS 11 PETAL LANE
CITY HICKSVILLE
STATE NY
ZIP 118010000
MORT $135,000.00
BAL $134,539.50
RATE 7.990
PAI $1,128.36
CLTV 75.000
MATURITY 171202
FEE 0.5000
LOAN 0000021941349
LAST_NAME CULLERTON
ADDRESS 116- 118 WATERMAN AVENUE
CITY TOWN OF NOR
STATE RI
ZIP 029110000
MORT $10,000.00
BAL $9,974.40
RATE 9.350
PAI $103.52
CLTV 70.450
MATURITY 130112
FEE 0.5000
LOAN 0000021941521
LAST_NAME DOURA
ADDRESS 19 LINCOLN STREET
CITY FRANKLIN
STATE MA
ZIP 020380000
MORT $112,000.00
BAL $111,850.70
RATE 8.050
PAI $825.73
CLTV 80.000
MATURITY 271224
FEE 0.5000
LOAN 0000021941588
LAST_NAME WYATT
ADDRESS 2908 JERMANTOWN ROAD
CITY OAKTON
STATE VA
ZIP 221240000
MORT $103,000.00
BAL $102,301.00
RATE 7.850
PAI $975.43
CLTV 73.571
MATURITY 121224
FEE 0.5000
LOAN 0000021941596
LAST_NAME TUDOR
ADDRESS 1108 CHERRY ST
CITY LAKE IN THE
STATE IL
ZIP 601020000
MORT $63,513.00
BAL $63,155.91
RATE 8.350
PAI $619.87
CLTV 55.228
MATURITY 121217
FEE 0.5000
LOAN 0000021941604
LAST_NAME SMITH
ADDRESS 8629 WARMWELL DRIVE
CITY SAN DIEGO
STATE CA
ZIP 921190000
MORT $70,446.00
BAL $69,521.77
RATE 9.400
PAI $1,476.06
CLTV 77.091
MATURITY 30116
FEE 0.5000
LOAN 0000021941620
LAST_NAME GOODWIN
ADDRESS 149 EVELYN DRIVE
CITY MANAHAWKIN
STATE NJ
ZIP 080500000
MORT $22,798.00
BAL $22,725.63
RATE 9.350
PAI $236.01
CLTV 69.970
MATURITY 130126
FEE 0.5000
LOAN 0000021941828
LAST_NAME KRAUSE
ADDRESS 2027 INDIANA STREET
CITY RACINE
STATE WI
ZIP 534050000
MORT $15,000.00
BAL $14,924.01
RATE 9.350
PAI $192.87
CLTV 76.735
MATURITY 80128
FEE 0.5000
LOAN 0000021941869
LAST_NAME MARSH
ADDRESS 1698 FOREST DRIVE
CITY MEDINA
STATE OH
ZIP 442560000
MORT $330,000.00
BAL $329,575.27
RATE 8.550
PAI $2,549.12
CLTV 83.544
MATURITY 271222
FEE 0.5000
LOAN 0000021941901
LAST_NAME SIMS
ADDRESS 3409 MEANDERING COURT
CITY FT. SMITH
STATE AR
ZIP 729030000
MORT $21,444.00
BAL $21,221.53
RATE 9.000
PAI $271.65
CLTV 98.462
MATURITY 71212
FEE 0.5000
LOAN 0000021941968
LAST_NAME STRICKLAND
ADDRESS 607 N. HAMLIN
CITY CHICAGO
STATE IL
ZIP 606240000
MORT $55,000.00
BAL $54,787.29
RATE 8.450
PAI $540.00
CLTV 71.428
MATURITY 121222
FEE 0.5000
LOAN 0000021942073
LAST_NAME HARGIS
ADDRESS 2398 SUNSET STRIP
CITY HIXSON
STATE TN
ZIP 373430000
MORT $72,250.00
BAL $72,124.31
RATE 10.140
PAI $641.54
CLTV 85.000
MATURITY 271024
FEE 0.5000
LOAN 0000021942081
LAST_NAME THOMPSON
ADDRESS 161 MEANDER DRIVE
CITY RUIDOSO
STATE NM
ZIP 883450000
MORT $17,000.00
BAL $16,831.42
RATE 9.800
PAI $222.78
CLTV 30.357
MATURITY 71223
FEE 0.5000
LOAN 0000021942099
LAST_NAME HEUCK
ADDRESS 12229 SOUTH ELM POINT
CITY FLORAL CITY
STATE FL
ZIP 344410000
MORT $77,400.00
BAL $76,642.37
RATE 10.200
PAI $690.71
CLTV 90.000
MATURITY 271216
FEE 0.5000
LOAN 0000021942172
LAST_NAME PERRY
ADDRESS 163 NEW YORK AVENUE
CITY SOUTH PLAIN
STATE NJ
ZIP 070800000
MORT $105,000.00
BAL $104,158.20
RATE 8.150
PAI $1,012.55
CLTV 68.627
MATURITY 121209
FEE 0.5000
LOAN 0000021942313
LAST_NAME FIRESTONE
ADDRESS 6345 FOREST PARK
CITY N RIDGEVILL
STATE OH
ZIP 440390000
MORT $59,400.00
BAL $59,335.36
RATE 11.040
PAI $567.48
CLTV 84.978
MATURITY 121010
FEE 0.5000
LOAN 0000021942404
LAST_NAME DIAZ
ADDRESS 9617 BURDETTE STREET
CITY OMAHA
STATE NE
ZIP 681340000
MORT $100,800.00
BAL $99,822.93
RATE 10.200
PAI $899.53
CLTV 90.000
MATURITY 121215
FEE 0.5000
LOAN 0000021942610
LAST_NAME CORREIA
ADDRESS 588 JUNE STREET
CITY FALL RIVER
STATE MA
ZIP 027200000
MORT $114,750.00
BAL $114,630.54
RATE 9.250
PAI $944.03
CLTV 85.000
MATURITY 271224
FEE 0.5000
LOAN 0000021942669
LAST_NAME SIMMS
ADDRESS 904 BIRCH STREET
CITY CHERRY HILL
STATE NJ
ZIP 080020000
MORT $143,400.00
BAL $143,286.45
RATE 9.050
PAI $1,158.99
CLTV 68.285
MATURITY 271217
FEE 0.5000
LOAN 0000021943048
LAST_NAME DONOHUE
ADDRESS 3245 WILLIAMSBURG STREET
CITY SARASOTA
STATE FL
ZIP 342310000
MORT $56,800.00
BAL $56,680.58
RATE 9.240
PAI $466.87
CLTV 80.000
MATURITY 121001
FEE 0.5000
LOAN 0000021943063
LAST_NAME SCHOENROCK
ADDRESS 8901 SE 28TH STREET
CITY TOWNSHIP OF
STATE MI
ZIP 493010000
MORT $47,250.00
BAL $47,181.47
RATE 9.250
PAI $432.75
CLTV 79.957
MATURITY 180121
FEE 0.5000
LOAN 0000021943071
LAST_NAME POTASH
ADDRESS 7 GREENWOOD RD
CITY NORTHBOROUG
STATE MA
ZIP 015320000
MORT $112,000.00
BAL $111,625.49
RATE 8.150
PAI $947.29
CLTV 80.000
MATURITY 171205
FEE 0.5000
LOAN 0000021943089
LAST_NAME TROIK
ADDRESS 1310 E ARROWHEAD ST #6
CITY PAHRUMP
STATE NV
ZIP 890410000
MORT $58,400.00
BAL $57,761.94
RATE 10.900
PAI $551.75
CLTV 80.000
MATURITY 121001
FEE 0.5000
LOAN 0000021943204
LAST_NAME DEPAOLO
ADDRESS 43 MAPLEWOOD AVENUE
CITY SELDEN
STATE NY
ZIP 117840000
MORT $123,000.00
BAL $122,384.75
RATE 8.200
PAI $1,044.19
CLTV 76.875
MATURITY 171113
FEE 0.5000
LOAN 0000021943261
LAST_NAME COOPER
ADDRESS 306 N. HOLLAND STREET
CITY MUNCIE
STATE IN
ZIP 473030000
MORT $46,800.00
BAL $46,726.35
RATE 9.650
PAI $440.84
CLTV 90.000
MATURITY 180113
FEE 0.5000
LOAN 0000021943352
LAST_NAME HEDRICK
ADDRESS 8626 W. 800 SOUTH 35
CITY LAFONTAINE
STATE IN
ZIP 469400000
MORT $68,800.00
BAL $68,766.16
RATE 9.500
PAI $578.51
CLTV 84.938
MATURITY 280114
FEE 0.5000
LOAN 0000021943378
LAST_NAME BACK
ADDRESS 1724 KATHERINE DRIVE
CITY MOUNTAIN HO
STATE AR
ZIP 726530000
MORT $17,742.00
BAL $17,647.86
RATE 9.000
PAI $179.96
CLTV 47.491
MATURITY 121222
FEE 0.5000
LOAN 0000021943410
LAST_NAME AUBIN
ADDRESS 5940 SW 16 COURT
CITY PLANTATION
STATE FL
ZIP 333170000
MORT $138,400.00
BAL $138,246.97
RATE 10.890
PAI $1,306.53
CLTV 80.000
MATURITY 121027
FEE 0.5000
LOAN 0000021943436
LAST_NAME STRATTON
ADDRESS 1390 GOODYEAR BOULEVARD
CITY AKRON
STATE OH
ZIP 443050000
MORT $41,600.00
BAL $41,465.99
RATE 8.450
PAI $359.70
CLTV 80.000
MATURITY 171210
FEE 0.5000
LOAN 0000021943600
LAST_NAME LISCHKA
ADDRESS 431-33 CENTRAL AVENUE
CITY JEFFERSON
STATE LA
ZIP 701210000
MORT $88,550.00
BAL $88,462.54
RATE 9.500
PAI $744.58
CLTV 70.000
MATURITY 271201
FEE 0.5000
LOAN 0000021943618
LAST_NAME MARCHESANI
ADDRESS 1961 SUNSET AVENUE
CITY VINELAND
STATE NJ
ZIP 083600000
MORT $64,000.00
BAL $63,922.72
RATE 8.750
PAI $503.49
CLTV 80.000
MATURITY 271209
FEE 0.5000
LOAN 0000021943782
LAST_NAME WILTERDINK
ADDRESS 4633 ESTERO BOULEVARD
CITY FT MEYERS B
STATE FL
ZIP 339310000
MORT $133,000.00
BAL $132,785.33
RATE 10.490
PAI $1,215.61
CLTV 73.888
MATURITY 121001
FEE 0.5000
LOAN 0000021943865
LAST_NAME MITCHELL
ADDRESS 2607 KINGSWAY ROAD
CITY FORT WASHIN
STATE MD
ZIP 207440000
MORT $139,500.00
BAL $138,486.13
RATE 9.400
PAI $1,448.29
CLTV 90.000
MATURITY 121223
FEE 0.5000
LOAN 0000021943907
LAST_NAME BEAUDRY
ADDRESS 62 VANDERBOGART ROAD
CITY WOODSTOCK
STATE NY
ZIP 124980000
MORT $81,000.00
BAL $80,912.99
RATE 9.100
PAI $657.59
CLTV 90.000
MATURITY 121219
FEE 0.5000
LOAN 0000021943949
LAST_NAME MILLER
ADDRESS 2808 NORFOLK AVENUE
CITY BALTIMORE
STATE MD
ZIP 212150000
MORT $42,500.00
BAL $42,436.77
RATE 9.050
PAI $383.75
CLTV 85.000
MATURITY 180113
FEE 0.5000
LOAN 0000021944012
LAST_NAME BARRIST
ADDRESS 71 WEST PRINCETON ROAD
CITY BALA CYNWYD
STATE PA
ZIP 190040000
MORT $230,000.00
BAL $229,765.57
RATE 9.350
PAI $1,908.84
CLTV 79.310
MATURITY 121210
FEE 0.5000
LOAN 0000021944020
LAST_NAME LOPES
ADDRESS 169- 173 IVY STREET
CITY PROVIDENCE
STATE RI
ZIP 029060000
MORT $92,000.00
BAL $91,735.50
RATE 9.350
PAI $848.57
CLTV 65.714
MATURITY 171126
FEE 0.5000
LOAN 0000021944178
LAST_NAME BEAUDOIN
ADDRESS 25 PASTURE VIEW LANE
CITY CRANSTON
STATE RI
ZIP 029210000
MORT $128,000.00
BAL $127,845.95
RATE 8.550
PAI $988.75
CLTV 77.575
MATURITY 271125
FEE 0.5000
LOAN 0000021944202
LAST_NAME MERLO
ADDRESS 214 HANCOCK STREET
CITY EVERETT
STATE MA
ZIP 021490000
MORT $17,000.00
BAL $16,886.69
RATE 10.150
PAI $151.08
CLTV 85.000
MATURITY 121210
FEE 0.5000
LOAN 0000021944210
LAST_NAME BRAUN
ADDRESS 14300 HICKORY LINKS CT #1
CITY FORT MYERS
STATE FL
ZIP 339120000
MORT $101,600.00
BAL $101,342.80
RATE 9.700
PAI $869.17
CLTV 80.000
MATURITY 271201
FEE 0.5000
LOAN 0000021944343
LAST_NAME VASQUEZ
ADDRESS 2815 WEST INGERSOL
CITY AVON PARK
STATE FL
ZIP 338250000
MORT $24,500.00
BAL $24,381.82
RATE 10.050
PAI $264.03
CLTV 84.758
MATURITY 121217
FEE 0.5000
LOAN 0000021944368
LAST_NAME ANACLETO
ADDRESS 13 HOOVER STREET
CITY NORTH ARLIN
STATE NJ
ZIP 070310000
MORT $85,000.00
BAL $84,608.21
RATE 10.550
PAI $942.23
CLTV 54.838
MATURITY 121119
FEE 0.5000
LOAN 0000021944442
LAST_NAME JACOBS
ADDRESS 7120 MARBURY COURT
CITY DISTRICT HE
STATE MD
ZIP 207470000
MORT $90,900.00
BAL $90,699.89
RATE 11.400
PAI $963.13
CLTV 90.000
MATURITY 171229
FEE 0.5000
LOAN 0000021944459
LAST_NAME LEE
ADDRESS 15 CRESTWOOD DRIVE
CITY COUNCIL BLU
STATE IA
ZIP 515030000
MORT $85,600.00
BAL $85,317.29
RATE 8.250
PAI $729.37
CLTV 80.000
MATURITY 171215
FEE 0.5000
LOAN 0000021944491
LAST_NAME GRUNDSTROM
ADDRESS 2220 OAK STREET WEST
CITY KISSIMMEE
STATE FL
ZIP 347410000
MORT $55,900.00
BAL $55,809.73
RATE 10.490
PAI $510.93
CLTV 79.857
MATURITY 121001
FEE 0.5000
LOAN 0000021944707
LAST_NAME BOWER
ADDRESS 6463 183RD TRAIL NORTH
CITY LOXAHATCHEE
STATE FL
ZIP 334700000
MORT $21,100.00
BAL $21,045.97
RATE 9.350
PAI $218.43
CLTV 79.998
MATURITY 130123
FEE 0.5000
LOAN 0000021944780
LAST_NAME DIGGLE
ADDRESS 224 COLORADO DRIVE
CITY PORTALES
STATE NM
ZIP 881300000
MORT $26,600.00
BAL $26,526.16
RATE 8.850
PAI $267.43
CLTV 79.975
MATURITY 130101
FEE 0.5000
LOAN 0000021944822
LAST_NAME BRITT
ADDRESS 644 HARTFORD AVENUE WEST
CITY UXBRIDGE
STATE MA
ZIP 015690000
MORT $114,000.00
BAL $114,000.00
RATE 10.000
PAI $1,000.43
CLTV 84.444
MATURITY 130201
FEE 0.5000
LOAN 0000021944905
LAST_NAME SETTERS
ADDRESS 7407 CRAWFORDSHIRE LANE
CITY LOUISVILLE
STATE KY
ZIP 402200000
MORT $108,800.00
BAL $108,299.80
RATE 8.900
PAI $867.61
CLTV 80.000
MATURITY 270606
FEE 0.5000
LOAN 0000021944939
LAST_NAME BURROWS
ADDRESS 10666 E JERLING DR
CITY HIGHLAND
STATE UT
ZIP 840030000
MORT $94,000.00
BAL $92,429.27
RATE 8.700
PAI $736.14
CLTV 79.972
MATURITY 121201
FEE 0.5000
LOAN 0000021944954
LAST_NAME SANDERS
ADDRESS 59318 HWY 59
CITY STOCKTON
STATE AL
ZIP 365790000
MORT $67,500.00
BAL $67,500.00
RATE 10.300
PAI $737.80
CLTV 90.000
MATURITY 130209
FEE 0.5000
LOAN 0000021944996
LAST_NAME STEPHENS
ADDRESS 3020 N. VICTORIA AVE.
CITY PEORIA
STATE IL
ZIP 616040000
MORT $55,800.00
BAL $55,745.45
RATE 9.550
PAI $471.24
CLTV 90.000
MATURITY 121222
FEE 0.5000
LOAN 0000021945001
LAST_NAME EVERNHAM
ADDRESS 85 TOTTEN AVENUE
CITY DEER PARK
STATE NY
ZIP 117290000
MORT $22,215.00
BAL $22,168.16
RATE 11.450
PAI $258.81
CLTV 85.000
MATURITY 130101
FEE 0.5000
LOAN 0000021945027
LAST_NAME KRANER
ADDRESS 511 MOORE AVENUE
CITY SEFFNER
STATE FL
ZIP 335840000
MORT $62,250.00
BAL $60,677.24
RATE 8.650
PAI $618.49
CLTV 79.807
MATURITY 120509
FEE 0.5000
LOAN 0000021945324
LAST_NAME PHARR
ADDRESS 1930 12TH STREET LANE N.E
CITY HICKORY
STATE NC
ZIP 286010000
MORT $120,800.00
BAL $120,547.69
RATE 7.850
PAI $873.79
CLTV 80.000
MATURITY 271104
FEE 0.5000
LOAN 0000021945472
LAST_NAME KNUDSEN
ADDRESS 6904 NE 107TH AVENUE
CITY VANCOUVER
STATE WA
ZIP 986620000
MORT $12,000.00
BAL $12,000.00
RATE 9.250
PAI $153.64
CLTV 77.252
MATURITY 80204
FEE 0.5000
LOAN 0000021945498
LAST_NAME REYES
ADDRESS 831 NORTH AVENUE
CITY SHEBOYGAN
STATE WI
ZIP 530830000
MORT $59,415.00
BAL $59,147.54
RATE 10.800
PAI $667.87
CLTV 85.000
MATURITY 121201
FEE 0.5000
LOAN 0000021945696
LAST_NAME BARRETT
ADDRESS 103 GRAHAM ROAD
CITY WETUMPKA
STATE AL
ZIP 360920000
MORT $25,000.00
BAL $24,671.57
RATE 9.350
PAI $523.22
CLTV 69.625
MATURITY 30114
FEE 0.5000
LOAN 0000021945712
LAST_NAME CARTER
ADDRESS 11 DOWNING STREET
CITY BRIDGETON
STATE NJ
ZIP 083020000
MORT $120,600.00
BAL $120,546.54
RATE 9.990
PAI $1,057.46
CLTV 90.000
MATURITY 280105
FEE 0.5000
LOAN 0000021945910
LAST_NAME SHEESLEY
ADDRESS 1300 BOONE ROAD SE
CITY SALEM
STATE OR
ZIP 973060000
MORT $93,500.00
BAL $93,401.29
RATE 10.150
PAI $830.92
CLTV 85.000
MATURITY 121212
FEE 0.5000
LOAN 0000021945985
LAST_NAME RAMOSKA
ADDRESS 7762 S. KENNETH AVENUE
CITY CHICAGO
STATE IL
ZIP 606520000
MORT $25,000.00
BAL $24,866.99
RATE 9.300
PAI $258.05
CLTV 76.381
MATURITY 121215
FEE 0.5000
LOAN 0000021945993
LAST_NAME MACK
ADDRESS 624 POPLAR HILL CHURCH RD
CITY CROSS
STATE SC
ZIP 294360000
MORT $53,550.00
BAL $53,495.85
RATE 11.300
PAI $522.14
CLTV 85.000
MATURITY 121024
FEE 0.5000
LOAN 0000021946033
LAST_NAME GUNTY
ADDRESS 431 N SIXTH STREET
CITY DEKALB
STATE IL
ZIP 601150000
MORT $72,000.00
BAL $71,935.00
RATE 9.750
PAI $618.59
CLTV 78.260
MATURITY 130101
FEE 0.5000
LOAN 0000021946041
LAST_NAME PHILLIPS
ADDRESS 11412 S INDIANA AVENUE
CITY CHICAGO
STATE IL
ZIP 606280000
MORT $78,000.00
BAL $77,959.08
RATE 9.200
PAI $638.87
CLTV 84.782
MATURITY 121229
FEE 0.5000
LOAN 0000021946066
LAST_NAME BROWN
ADDRESS 39 RITT STREET
CITY BUFFALO
STATE NY
ZIP 142160000
MORT $48,000.00
BAL $47,906.52
RATE 8.250
PAI $360.61
CLTV 80.000
MATURITY 271105
FEE 0.5000
LOAN 0000021946116
LAST_NAME GULI
ADDRESS 1011 STOVE PRAIRIE ROAD
CITY BELLVUE
STATE CO
ZIP 805120000
MORT $125,000.00
BAL $124,101.47
RATE 8.750
PAI $983.38
CLTV 38.461
MATURITY 270219
FEE 0.5000
LOAN 0000021946215
LAST_NAME PENA
ADDRESS 6716 NW 26TH TERRACE
CITY GAINESVILLE
STATE FL
ZIP 326530000
MORT $68,000.00
BAL $67,705.45
RATE 8.500
PAI $522.86
CLTV 80.000
MATURITY 270702
FEE 0.5000
LOAN 0000021946231
LAST_NAME GEORGOULIS
ADDRESS 1200 NW 87TH AVENUE #316
CITY CORAL SPRIN
STATE FL
ZIP 330710000
MORT $25,000.00
BAL $22,617.06
RATE 8.500
PAI $216.96
CLTV 48.076
MATURITY 170721
FEE 0.5000
LOAN 0000021946280
LAST_NAME WERTICH
ADDRESS 6206 MARMADUKE AVE
CITY ST LOUIS
STATE MO
ZIP 631390000
MORT $65,000.00
BAL $64,939.74
RATE 9.800
PAI $560.84
CLTV 82.802
MATURITY 271219
FEE 0.5000
LOAN 0000021946462
LAST_NAME MINGOLA
ADDRESS 10 RIDGEVIEW LANE
CITY TOWN OF LAG
STATE NY
ZIP 125690000
MORT $45,000.00
BAL $44,934.72
RATE 9.250
PAI $412.15
CLTV 60.925
MATURITY 180114
FEE 0.5000
LOAN 0000021946512
LAST_NAME SEGUNA
ADDRESS 6792 FAUST AVENUE
CITY DETROIT
STATE MI
ZIP 482280000
MORT $30,000.00
BAL $29,951.24
RATE 8.350
PAI $257.51
CLTV 40.000
MATURITY 180120
FEE 0.5000
LOAN 0000021946546
LAST_NAME AUCHARD
ADDRESS 1415 N. 3RD STREET
CITY ATCHINSON
STATE KS
ZIP 660020000
MORT $36,800.00
BAL $36,800.00
RATE 8.450
PAI $318.20
CLTV 80.000
MATURITY 180209
FEE 0.5000
LOAN 0000021946637
LAST_NAME ROSE
ADDRESS 115 OLD FIELD ROAD
CITY SETAUKET
STATE NY
ZIP 117330000
MORT $291,000.00
BAL $289,044.34
RATE 10.900
PAI $3,289.25
CLTV 68.937
MATURITY 121201
FEE 0.5000
LOAN 0000021946777
LAST_NAME WHEELER
ADDRESS 2857 WILMER ROAD
CITY WILMER
STATE AL
ZIP 365870000
MORT $52,700.00
BAL $52,560.44
RATE 9.990
PAI $508.22
CLTV 85.000
MATURITY 171202
FEE 0.5000
LOAN 0000021946785
LAST_NAME WILLIAMS
ADDRESS 9524 NOBLE DRIVE
CITY UPPER MARLB
STATE MD
ZIP 207720000
MORT $11,000.00
BAL $11,000.00
RATE 9.350
PAI $141.44
CLTV 79.510
MATURITY 80204
FEE 0.5000
LOAN 0000021946983
LAST_NAME LACOURSE
ADDRESS 2 BIRCH ROAD
CITY WESTFORD
STATE MA
ZIP 018860000
MORT $39,579.00
BAL $39,374.61
RATE 9.300
PAI $408.54
CLTV 80.000
MATURITY 121217
FEE 0.5000
LOAN 0000021947049
LAST_NAME TOOKES
ADDRESS 1354 BAUMGARDNER ROAD
CITY MADISON
STATE FL
ZIP 323410000
MORT $49,500.00
BAL $48,935.50
RATE 8.500
PAI $429.57
CLTV 72.794
MATURITY 170623
FEE 0.5000
LOAN 0000021947056
LAST_NAME GARLAND
ADDRESS 1225 W REX STREET
CITY TOWNSHIP OF
STATE IN
ZIP 473030000
MORT $51,300.00
BAL $51,222.69
RATE 8.950
PAI $459.92
CLTV 90.000
MATURITY 171229
FEE 0.5000
LOAN 0000021947064
LAST_NAME SHUSHTARIAN
ADDRESS 38 PARK STREET UNIT 24G
CITY FLORHAM PAR
STATE NJ
ZIP 079320000
MORT $15,000.00
BAL $14,801.91
RATE 9.150
PAI $312.47
CLTV 37.964
MATURITY 30128
FEE 0.5000
LOAN 0000021947106
LAST_NAME GARLAND
ADDRESS 322 NORTHVIEW COURT
CITY CHESTERFIEL
STATE IN
ZIP 460170000
MORT $45,500.00
BAL $45,426.04
RATE 8.350
PAI $390.56
CLTV 70.000
MATURITY 171229
FEE 0.5000
LOAN 0000021947114
LAST_NAME SAMOL
ADDRESS 801 32ND AVENUE NORTH
CITY ST PETERSBU
STATE FL
ZIP 337040000
MORT $44,000.00
BAL $43,488.11
RATE 8.650
PAI $386.03
CLTV 75.862
MATURITY 170627
FEE 0.5000
LOAN 0000021947122
LAST_NAME PRANGE
ADDRESS 5941 E DALY LANE
CITY INVERNESS
STATE FL
ZIP 344520000
MORT $24,600.00
BAL $24,076.83
RATE 8.500
PAI $213.48
CLTV 45.555
MATURITY 170222
FEE 0.5000
LOAN 0000021947130
LAST_NAME AGNEW
ADDRESS 985 S DUDLEY AVENUE
CITY BARTOW
STATE FL
ZIP 338300000
MORT $53,000.00
BAL $51,171.95
RATE 8.500
PAI $521.91
CLTV 77.372
MATURITY 120228
FEE 0.5000
LOAN 0000021947205
LAST_NAME SAVITZ
ADDRESS 10 PLACID CT
CITY HOLBROOK
STATE NY
ZIP 117410000
MORT $130,000.00
BAL $129,604.27
RATE 8.900
PAI $1,161.30
CLTV 74.285
MATURITY 171210
FEE 0.5000
LOAN 0000021947239
LAST_NAME ANSON
ADDRESS 106 HILLCREST STREET
CITY LAKE PLACID
STATE FL
ZIP 338520000
MORT $27,900.00
BAL $27,275.71
RATE 8.650
PAI $277.20
CLTV 55.800
MATURITY 120624
FEE 0.5000
LOAN 0000021947288
LAST_NAME OSMENT
ADDRESS 640 PATTERSON RD
CITY SPARTANBURG
STATE SC
ZIP 293070000
MORT $58,500.00
BAL $58,500.00
RATE 10.650
PAI $589.96
CLTV 90.000
MATURITY 180201
FEE 0.5000
LOAN 0000021947353
LAST_NAME LAGES
ADDRESS 255 BARTLEY ROAD
CITY JACKSON
STATE NJ
ZIP 085270000
MORT $130,000.00
BAL $129,841.93
RATE 8.500
PAI $999.59
CLTV 61.032
MATURITY 271201
FEE 0.5000
LOAN 0000021947379
LAST_NAME MCARDLE
ADDRESS 118 OGG AVE
CITY HINELLA
STATE NJ
ZIP 080830000
MORT $44,300.00
BAL $44,106.61
RATE 7.600
PAI $376.96
CLTV 63.285
MATURITY 151223
FEE 0.5000
LOAN 0000021947395
LAST_NAME GOODE
ADDRESS 3743 CLEARVIEW DR
CITY HOUSE SPRIN
STATE MO
ZIP 630510000
MORT $79,730.00
BAL $79,730.00
RATE 9.450
PAI $667.51
CLTV 85.000
MATURITY 130201
FEE 0.5000
LOAN 0000021947403
LAST_NAME FAGAN
ADDRESS 304 NW 69TH AVENUE #156
CITY PLANTATION
STATE FL
ZIP 333170000
MORT $39,000.00
BAL $38,854.95
RATE 8.500
PAI $299.88
CLTV 55.714
MATURITY 270811
FEE 0.5000
LOAN 0000021947437
LAST_NAME LIBURDI
ADDRESS 10921 KENBROOK DRIVE
CITY RIVERVIEW
STATE FL
ZIP 335690000
MORT $69,200.00
BAL $68,712.49
RATE 8.400
PAI $527.19
CLTV 78.636
MATURITY 270328
FEE 0.5000
LOAN 0000021947445
LAST_NAME VALDES
ADDRESS 416 S COUNTRY CLUB ROAD
CITY LAKE MARY
STATE FL
ZIP 327460000
MORT $133,200.00
BAL $132,707.20
RATE 8.500
PAI $1,024.19
CLTV 79.285
MATURITY 270802
FEE 0.5000
LOAN 0000021947452
LAST_NAME MCEACHERN
ADDRESS 32 CARRIAGE HILL CIRCLE
CITY CASSELBERRY
STATE FL
ZIP 327070000
MORT $39,000.00
BAL $38,034.17
RATE 8.500
PAI $338.45
CLTV 43.333
MATURITY 170521
FEE 0.5000
LOAN 0000021947460
LAST_NAME DAVIS
ADDRESS 1104 DOREEN AVENUE
CITY OCOEE
STATE FL
ZIP 347610000
MORT $55,200.00
BAL $54,946.27
RATE 8.500
PAI $424.44
CLTV 75.616
MATURITY 270702
FEE 0.5000
LOAN 0000021947486
LAST_NAME PARAHAM
ADDRESS 3015 THOMAS ROAD
CITY TALLAHASSEE
STATE FL
ZIP 323120000
MORT $61,000.00
BAL $60,629.84
RATE 8.650
PAI $475.54
CLTV 67.777
MATURITY 270425
FEE 0.5000
LOAN 0000021947494
LAST_NAME GODWIN
ADDRESS 5405 MURRAY LANE
CITY PENSACOLA
STATE FL
ZIP 325260000
MORT $65,600.00
BAL $65,243.04
RATE 8.650
PAI $511.40
CLTV 80.000
MATURITY 270513
FEE 0.5000
LOAN 0000021947551
LAST_NAME MCGUDER
ADDRESS 3310 BON AIR AVENUE
CITY LOUISVILLE
STATE KY
ZIP 402200000
MORT $64,999.00
BAL $64,531.76
RATE 8.750
PAI $511.35
CLTV 79.267
MATURITY 270202
FEE 0.5000
LOAN 0000021947593
LAST_NAME MCCABE
ADDRESS 142 GOVERNOR STREET
CITY GREEN COVE
STATE FL
ZIP 320430000
MORT $66,000.00
BAL $63,820.83
RATE 8.500
PAI $649.93
CLTV 80.000
MATURITY 120609
FEE 0.5000
LOAN 0000021947619
LAST_NAME SALZILLO
ADDRESS 818 AMIDON STREET
CITY DELTONA
STATE FL
ZIP 327250000
MORT $52,000.00
BAL $51,633.60
RATE 8.400
PAI $396.16
CLTV 80.000
MATURITY 270326
FEE 0.5000
LOAN 0000021947627
LAST_NAME LOCKHART
ADDRESS 13101 OAK STREET
CITY ODESSA
STATE FL
ZIP 335560000
MORT $24,000.00
BAL $22,545.97
RATE 8.500
PAI $297.57
CLTV 46.153
MATURITY 70310
FEE 0.5000
LOAN 0000021947635
LAST_NAME HEFLIN
ADDRESS 5314 JERSEY AVENUE SOUTH
CITY GULFPORT
STATE FL
ZIP 337070000
MORT $44,000.00
BAL $43,787.95
RATE 8.650
PAI $343.01
CLTV 80.000
MATURITY 270610
FEE 0.5000
LOAN 0000021947668
LAST_NAME FAITH
ADDRESS 42 PETERBOROUGH DRIVE
CITY HAMPTON
STATE VA
ZIP 236660000
MORT $79,420.00
BAL $78,923.25
RATE 8.500
PAI $610.67
CLTV 76.000
MATURITY 270319
FEE 0.5000
LOAN 0000021947684
LAST_NAME HUTCHINGS
ADDRESS 4349 E PRINCETON AVENUE
CITY HIGLEY
STATE AZ
ZIP 852360000
MORT $106,800.00
BAL $105,428.58
RATE 8.650
PAI $937.00
CLTV 80.000
MATURITY 170609
FEE 0.5000
LOAN 0000021947700
LAST_NAME NICHOLS
ADDRESS 1567 NE 34 STREET
CITY OAKLAND PAR
STATE FL
ZIP 333340000
MORT $91,900.00
BAL $91,457.15
RATE 8.650
PAI $716.42
CLTV 72.936
MATURITY 270620
FEE 0.5000
LOAN 0000021947791
LAST_NAME WATKINS
ADDRESS ROUTE 2, BOX 1470
CITY PALATKA
STATE FL
ZIP 321770000
MORT $50,400.00
BAL $50,370.70
RATE 8.700
PAI $394.70
CLTV 80.000
MATURITY 271230
FEE 0.5000
LOAN 0000021947858
LAST_NAME PURRAZELLA
ADDRESS 203 C COVERED BRIDGE BLVD
CITY MANALAPAN
STATE NJ
ZIP 077260000
MORT $85,000.00
BAL $84,883.22
RATE 7.900
PAI $617.78
CLTV 73.913
MATURITY 271216
FEE 0.5000
LOAN 0000021947932
LAST_NAME WATSON
ADDRESS 11203 SCHUYLKILL ROAD
CITY ROCKVILLE
STATE MD
ZIP 208520000
MORT $122,500.00
BAL $122,278.06
RATE 8.500
PAI $941.92
CLTV 74.468
MATURITY 280101
FEE 0.5000
LOAN 0000021947981
LAST_NAME SANTOS
ADDRESS 5236 NORTH LARNED
CITY CHICAGO
STATE IL
ZIP 606300000
MORT $37,000.00
BAL $36,268.02
RATE 9.990
PAI $488.75
CLTV 82.199
MATURITY 70930
FEE 0.5000
LOAN 0000021948013
LAST_NAME BENNETT
ADDRESS ROUTE 4 BOX 405
CITY SHIRLEY
STATE AR
ZIP 721530000
MORT $12,582.00
BAL $12,443.98
RATE 8.000
PAI $152.66
CLTV 75.025
MATURITY 71223
FEE 0.5000
LOAN 0000021948054
LAST_NAME MIRAN
ADDRESS 7229 KIDWELL ROAD
CITY DOWNERS GRO
STATE IL
ZIP 605160000
MORT $48,700.00
BAL $48,451.88
RATE 9.250
PAI $623.52
CLTV 79.701
MATURITY 80123
FEE 0.5000
LOAN 0000021948088
LAST_NAME DOANE
ADDRESS 3831 WEST BOBWHITE WAY
CITY SALT LAKE C
STATE UT
ZIP 841200000
MORT $99,600.00
BAL $99,545.60
RATE 9.000
PAI $801.40
CLTV 80.000
MATURITY 130101
FEE 0.5000
LOAN 0000021948211
LAST_NAME MORGAN
ADDRESS 11 OSAGE ROAD
CITY DEXTER
STATE NM
ZIP 882300000
MORT $32,250.00
BAL $32,216.07
RATE 9.200
PAI $264.15
CLTV 67.894
MATURITY 121224
FEE 0.5000
LOAN 0000021948245
LAST_NAME MYERS
ADDRESS BOX 54 ADRIAN/REESDALE RO
CITY ADRIAN
STATE PA
ZIP 162010000
MORT $46,400.00
BAL $46,371.58
RATE 8.500
PAI $356.78
CLTV 80.000
MATURITY 280105
FEE 0.5000
LOAN 0000021948278
LAST_NAME WILLIAMS
ADDRESS 3035 M STREET SE
CITY WASHINGTON
STATE DC
ZIP 200190000
MORT $49,300.00
BAL $49,212.49
RATE 8.650
PAI $384.33
CLTV 54.175
MATURITY 271117
FEE 0.5000
LOAN 0000021948294
LAST_NAME RICH
ADDRESS 11204 BUCKWOOD LANE
CITY ROCKVILLE
STATE MD
ZIP 208520000
MORT $240,000.00
BAL $239,602.93
RATE 8.990
PAI $1,929.37
CLTV 80.000
MATURITY 121105
FEE 0.5000
LOAN 0000021948328
LAST_NAME TAPIA
ADDRESS 1508 N. MONTICELLO
CITY CHICAGO
STATE IL
ZIP 606510000
MORT $116,000.00
BAL $115,868.78
RATE 8.850
PAI $920.87
CLTV 80.000
MATURITY 121222
FEE 0.5000
LOAN 0000021948344
LAST_NAME BOWLER
ADDRESS 41 ROBIN HOLLOW LANE
CITY WESTERLY
STATE RI
ZIP 028910000
MORT $24,000.00
BAL $24,000.00
RATE 9.750
PAI $254.25
CLTV 69.831
MATURITY 130206
FEE 0.5000
LOAN 0000021948351
LAST_NAME WATSON
ADDRESS 2436 WILLOW STREET
CITY PEKIN
STATE IL
ZIP 615540000
MORT $81,450.00
BAL $81,414.73
RATE 10.100
PAI $720.81
CLTV 90.000
MATURITY 130107
FEE 0.5000
LOAN 0000021948377
LAST_NAME FORNEY
ADDRESS 4664 HAMBURG STATE PARK R
CITY MITCHELL
STATE GA
ZIP 308200000
MORT $36,000.00
BAL $35,665.42
RATE 11.200
PAI $499.98
CLTV 80.000
MATURITY 71210
FEE 0.5000
LOAN 0000021948385
LAST_NAME BOOTH
ADDRESS 3749 KIRKWOOD ROAD
CITY COLUMBUS
STATE OH
ZIP 432270000
MORT $74,700.00
BAL $74,474.04
RATE 8.950
PAI $669.70
CLTV 90.000
MATURITY 171217
FEE 0.5000
LOAN 0000021948401
LAST_NAME PURNELL
ADDRESS 1213 STAUTON DRIVE
CITY COLUMBUS
STATE GA
ZIP 319070000
MORT $30,000.00
BAL $29,985.24
RATE 12.700
PAI $324.84
CLTV 54.545
MATURITY 121223
FEE 0.5000
LOAN 0000021948435
LAST_NAME PEELE
ADDRESS 441 MOUNT OLIVE ROAD
CITY WINDSOR
STATE NC
ZIP 279830000
MORT $43,200.00
BAL $43,167.33
RATE 10.750
PAI $403.26
CLTV 90.000
MATURITY 121215
FEE 0.5000
LOAN 0000021948468
LAST_NAME KITTRELL
ADDRESS 115 36TH ST NE
CITY WASHINGTON
STATE DC
ZIP 200190000
MORT $23,750.00
BAL $23,663.28
RATE 10.750
PAI $241.12
CLTV 62.358
MATURITY 171022
FEE 0.5000
LOAN 0000021948518
LAST_NAME JUAREZ
ADDRESS 1114 W. JACKSON
CITY LOVINGTON
STATE NM
ZIP 882600000
MORT $37,980.00
BAL $37,921.30
RATE 8.750
PAI $335.64
CLTV 90.000
MATURITY 180122
FEE 0.5000
LOAN 0000021948534
LAST_NAME FEIERTAG
ADDRESS 300 NEWARK AVENUE
CITY TOWNSHIP OF
STATE NJ
ZIP 082340000
MORT $66,702.00
BAL $66,702.00
RATE 8.250
PAI $647.11
CLTV 62.338
MATURITY 130216
FEE 0.5000
LOAN 0000021948542
LAST_NAME SIMPSON
ADDRESS 650 HAROLD PLACE
CITY PISCATAWAY
STATE NJ
ZIP 088540000
MORT $127,500.00
BAL $127,461.83
RATE 9.850
PAI $1,104.80
CLTV 89.160
MATURITY 271208
FEE 0.5000
LOAN 0000021948674
LAST_NAME MICHALSKI
ADDRESS 1945 SEVENTH STREET
CITY NORTH BRUNS
STATE NJ
ZIP 089020000
MORT $185,000.00
BAL $184,673.79
RATE 8.990
PAI $1,487.22
CLTV 78.723
MATURITY 271118
FEE 0.5000
LOAN 0000021948872
LAST_NAME BLACK
ADDRESS 230 GOLF COURSE ROAD
CITY MAIDEN
STATE NC
ZIP 286500000
MORT $55,200.00
BAL $55,139.35
RATE 8.990
PAI $443.75
CLTV 76.773
MATURITY 271201
FEE 0.5000
LOAN 0000021948906
LAST_NAME BUELL
ADDRESS 231 FANCHER AVENUE
CITY BUFFALO
STATE NY
ZIP 142230000
MORT $42,400.00
BAL $41,728.46
RATE 8.750
PAI $531.39
CLTV 48.735
MATURITY 71101
FEE 0.5000
LOAN 0000021948955
LAST_NAME TYSON
ADDRESS 508 FOXHALL PLACE SE
CITY WASHINGTON
STATE DC
ZIP 200320000
MORT $68,000.00
BAL $67,862.20
RATE 8.000
PAI $498.96
CLTV 80.000
MATURITY 271103
FEE 0.5000
LOAN 0000021948971
LAST_NAME LYLES
ADDRESS 303 ANACOSTIA AVENUE NE
CITY WASHINGTON
STATE DC
ZIP 200190000
MORT $74,400.00
BAL $73,831.79
RATE 9.500
PAI $776.91
CLTV 80.000
MATURITY 121030
FEE 0.5000
LOAN 0000021948989
LAST_NAME LLOYD
ADDRESS 1932 1ST STREET NE
CITY WASHINGTON
STATE DC
ZIP 200020000
MORT $20,000.00
BAL $19,912.29
RATE 9.250
PAI $183.18
CLTV 21.052
MATURITY 171101
FEE 0.5000
LOAN 0000021949003
LAST_NAME ANDREWS
ADDRESS 600 SOMERSWORTH WAY
CITY SILVER SPRI
STATE MD
ZIP 209020000
MORT $42,500.00
BAL $42,214.10
RATE 10.890
PAI $480.13
CLTV 65.284
MATURITY 121105
FEE 0.5000
LOAN 0000021949201
LAST_NAME ROZIER
ADDRESS 101 BAY STREET
CITY LUMBER CITY
STATE GA
ZIP 315490000
MORT $45,900.00
BAL $45,854.53
RATE 12.150
PAI $510.21
CLTV 90.000
MATURITY 171202
FEE 0.5000
LOAN 0000021949235
LAST_NAME FERRIS
ADDRESS 223 CROWN OAKS WAY
CITY LONGWOOD
STATE FL
ZIP 322790000
MORT $50,625.00
BAL $48,623.09
RATE 8.500
PAI $498.52
CLTV 75.000
MATURITY 120203
FEE 0.5000
LOAN 0000021949318
LAST_NAME CARLSON
ADDRESS 121 S EAST AVENUE
CITY OAK PARK
STATE IL
ZIP 603020000
MORT $135,000.00
BAL $134,525.64
RATE 7.750
PAI $1,108.29
CLTV 60.000
MATURITY 171229
FEE 0.5000
LOAN 0000021949466
LAST_NAME ROGERS
ADDRESS 5552 W JOAQUIN Street
CITY SALT LAKE C
STATE UT
ZIP 841180000
MORT $17,000.00
BAL $16,954.47
RATE 8.850
PAI $170.91
CLTV 76.117
MATURITY 130101
FEE 0.5000
LOAN 0000021949490
LAST_NAME WEATHERS
ADDRESS 2509 WALTON WAY
CITY AUGUSTA
STATE GA
ZIP 309040000
MORT $137,828.00
BAL $137,828.00
RATE 9.050
PAI $1,749.68
CLTV 62.453
MATURITY 80216
FEE 0.5000
LOAN 0000021949672
LAST_NAME CRAWFORD
ADDRESS 8529 BUCKINGHAM ROAD
CITY JACKSONVILL
STATE FL
ZIP 322080000
MORT $28,000.00
BAL $27,977.64
RATE 10.500
PAI $256.13
CLTV 54.901
MATURITY 271219
FEE 0.5000
LOAN 0000021949763
LAST_NAME COVAK
ADDRESS 5160 WAGON MASTER DRIVE
CITY COLORADO SP
STATE CO
ZIP 809170000
MORT $26,300.00
BAL $26,065.11
RATE 10.990
PAI $298.76
CLTV 74.889
MATURITY 120912
FEE 0.5000
LOAN 0000021949904
LAST_NAME TREADWELL
ADDRESS 2052 NE FLORIDIAN CIRCLE
CITY ARCADIA
STATE FL
ZIP 342660000
MORT $60,000.00
BAL $59,671.54
RATE 8.650
PAI $596.14
CLTV 80.000
MATURITY 121223
FEE 0.5000
LOAN 0000021949961
LAST_NAME STERLING
ADDRESS 7 BENJAMIN LANE
CITY SUMTER
STATE SC
ZIP 291500000
MORT $80,325.00
BAL $80,108.65
RATE 9.700
PAI $848.50
CLTV 85.452
MATURITY 130109
FEE 0.5000
LOAN 0000021950050
LAST_NAME PEARSON
ADDRESS 72 SIMPSON STREET
CITY VILONIA
STATE AR
ZIP 721730000
MORT $9,599.00
BAL $9,493.69
RATE 8.000
PAI $116.47
CLTV 69.607
MATURITY 71223
FEE 0.5000
LOAN 0000021950076
LAST_NAME COLE
ADDRESS 15137 NE 141ST STREET
CITY FT MCCOY
STATE FL
ZIP 321340000
MORT $22,800.00
BAL $22,623.61
RATE 9.100
PAI $260.76
CLTV 53.023
MATURITY 91217
FEE 0.5000
LOAN 0000021950092
LAST_NAME JORDAN
ADDRESS 10 QUEENS STREET
CITY HUNTINGTON
STATE NY
ZIP 117430000
MORT $41,000.00
BAL $40,798.60
RATE 9.850
PAI $436.83
CLTV 28.275
MATURITY 130101
FEE 0.5000
LOAN 0000021950100
LAST_NAME HAYES
ADDRESS 4002 BATEMAN AVENUE
CITY BALTIMORE
STATE MD
ZIP 212160000
MORT $63,000.00
BAL $62,893.97
RATE 9.890
PAI $547.76
CLTV 70.000
MATURITY 121107
FEE 0.5000
LOAN 0000021950209
LAST_NAME MONROIG
ADDRESS 140 SYLVAN AVENUE
CITY NEWARK
STATE NJ
ZIP 071040000
MORT $38,393.00
BAL $38,291.44
RATE 8.990
PAI $389.18
CLTV 45.168
MATURITY 121229
FEE 0.5000
LOAN 0000021950274
LAST_NAME DAVIS
ADDRESS 137 INGRAHAM STREET NW
CITY WASHINGTON
STATE DC
ZIP 200110000
MORT $60,000.00
BAL $59,895.84
RATE 10.150
PAI $533.21
CLTV 44.444
MATURITY 271105
FEE 0.5000
LOAN 0000021950332
LAST_NAME KOWALEWSKI
ADDRESS 25 MONTSERRAT STREET
CITY TOMS RIVER
STATE NJ
ZIP 087570000
MORT $12,000.00
BAL $11,712.01
RATE 10.600
PAI $162.59
CLTV 41.501
MATURITY 70829
FEE 0.5000
LOAN 0000021950381
LAST_NAME WILLIAMS
ADDRESS 37 R STREET NE
CITY WASHINGTON
STATE DC
ZIP 200020000
MORT $60,300.00
BAL $60,200.22
RATE 8.990
PAI $484.76
CLTV 67.000
MATURITY 271101
FEE 0.5000
LOAN 0000021950407
LAST_NAME FORREST
ADDRESS 5604 HELMONT PLACE
CITY OXON HILL
STATE MD
ZIP 207450000
MORT $87,000.00
BAL $86,745.99
RATE 8.990
PAI $699.40
CLTV 66.923
MATURITY 121103
FEE 0.5000
LOAN 0000021950415
LAST_NAME JAMES
ADDRESS 11 ROCK CREEK CHURCH RDN
CITY WASHINGTON
STATE DC
ZIP 200110000
MORT $121,000.00
BAL $120,836.32
RATE 9.950
PAI $1,057.40
CLTV 78.571
MATURITY 271103
FEE 0.5000
LOAN 0000021950423
LAST_NAME WHEELER
ADDRESS 4825 & 4829 1ST STREET SW
CITY WASHINGTON
STATE DC
ZIP 200290000
MORT $86,250.00
BAL $85,670.35
RATE 10.900
PAI $974.91
CLTV 75.000
MATURITY 121105
FEE 0.5000
LOAN 0000021950431
LAST_NAME HADLEY
ADDRESS 9938 VALE ROAD
CITY VIENNA
STATE VA
ZIP 221810000
MORT $154,500.00
BAL $154,291.04
RATE 9.950
PAI $1,350.14
CLTV 75.000
MATURITY 121112
FEE 0.5000
LOAN 0000021950456
LAST_NAME GLENN
ADDRESS 4930 ILLINOIS AVE NW
CITY WASHINGTON
STATE DC
ZIP 200110000
MORT $48,000.00
BAL $47,942.89
RATE 10.550
PAI $440.87
CLTV 45.714
MATURITY 121111
FEE 0.5000
LOAN 0000021950464
LAST_NAME REED
ADDRESS 5270 CHILLUM PLACE NE
CITY WASHINGTON
STATE DC
ZIP 200110000
MORT $68,000.00
BAL $67,887.50
RATE 8.990
PAI $546.65
CLTV 56.666
MATURITY 271113
FEE 0.5000
LOAN 0000021950480
LAST_NAME AUTREY
ADDRESS 217 PLEASEANT STREET
CITY SELMA
STATE AL
ZIP 367010000
MORT $48,800.00
BAL $48,446.04
RATE 12.900
PAI $614.23
CLTV 80.000
MATURITY 121010
FEE 0.5000
LOAN 0000021950498
LAST_NAME CAMPBELL
ADDRESS 31 E LINDEN STREET
CITY ALEXANDRIA
STATE VA
ZIP 223010000
MORT $100,000.00
BAL $99,609.27
RATE 10.150
PAI $974.98
CLTV 32.786
MATURITY 171029
FEE 0.5000
LOAN 0000021950514
LAST_NAME GLENNON
ADDRESS 7414 MANHATTAN AVENUE
CITY PARMA
STATE OH
ZIP 441290000
MORT $67,800.00
BAL $67,707.77
RATE 7.950
PAI $495.14
CLTV 67.462
MATURITY 271217
FEE 0.5000
LOAN 0000021950548
LAST_NAME TORRY
ADDRESS 2010 BARLOWE PLACE
CITY LANDOVER
STATE MD
ZIP 207850000
MORT $48,000.00
BAL $47,837.48
RATE 8.050
PAI $402.99
CLTV 70.588
MATURITY 171224
FEE 0.5000
LOAN 0000021950555
LAST_NAME PETERS
ADDRESS 104 WATSON AVENUE
CITY WEST ORANGE
STATE NJ
ZIP 070520000
MORT $130,200.00
BAL $130,068.67
RATE 9.400
PAI $1,085.31
CLTV 89.793
MATURITY 121223
FEE 0.5000
LOAN 0000021950563
LAST_NAME GIBBS
ADDRESS 1460 W 7TH STREET
CITY JACKSONVILL
STATE FL
ZIP 322090000
MORT $23,000.00
BAL $22,753.94
RATE 8.450
PAI $284.56
CLTV 67.647
MATURITY 71224
FEE 0.5000
LOAN 0000021950605
LAST_NAME BARON-STEVEN
ADDRESS 3205 IRONWOOD AVENUE
CITY PORT ST LUC
STATE FL
ZIP 349520000
MORT $25,800.00
BAL $25,724.39
RATE 9.200
PAI $235.46
CLTV 79.996
MATURITY 171219
FEE 0.5000
LOAN 0000021950662
LAST_NAME FOURNIER
ADDRESS 42 LINCOLN STREET
CITY MARLBOROUGH
STATE MA
ZIP 017520000
MORT $95,200.00
BAL $94,938.29
RATE 9.700
PAI $899.86
CLTV 85.000
MATURITY 171216
FEE 0.5000
LOAN 0000021950753
LAST_NAME GOODSPEED
ADDRESS 3364 STATE ROUTE 22
CITY CAMBRIDGE
STATE NY
ZIP 128160000
MORT $57,200.00
BAL $57,039.04
RATE 8.300
PAI $556.59
CLTV 80.000
MATURITY 130114
FEE 0.5000
LOAN 0000021950761
LAST_NAME WIMERT
ADDRESS 5024 HURON RD
CITY MOBILE
STATE AL
ZIP 366190000
MORT $39,100.00
BAL $39,086.07
RATE 11.000
PAI $372.35
CLTV 85.000
MATURITY 280102
FEE 0.5000
LOAN 0000021950928
LAST_NAME SKIPPER
ADDRESS 327 CENTRAL AVENUE
CITY ANDERSON
STATE IN
ZIP 460120000
MORT $62,400.00
BAL $62,292.07
RATE 7.850
PAI $516.13
CLTV 80.000
MATURITY 171230
FEE 0.5000
LOAN 0000021950951
LAST_NAME WASHEK
ADDRESS 113 CHARTERWOOD DR
CITY PITTSBURGH
STATE PA
ZIP 152370000
MORT $13,500.00
BAL $13,430.91
RATE 9.400
PAI $140.16
CLTV 71.379
MATURITY 121223
FEE 0.5000
LOAN 0000021951041
LAST_NAME DEFREESE
ADDRESS 3211 N 19TH ST
CITY HUEYTOWN
STATE AL
ZIP 350230000
MORT $40,000.00
BAL $39,962.53
RATE 9.750
PAI $343.66
CLTV 80.000
MATURITY 121217
FEE 0.5000
LOAN 0000021951132
LAST_NAME COOKSEY
ADDRESS 12304 LANHAM SEVERN ROAD
CITY BOWIE
STATE MD
ZIP 207150000
MORT $45,000.00
BAL $45,000.00
RATE 10.850
PAI $616.07
CLTV 78.242
MATURITY 80126
FEE 0.5000
LOAN 0000021951199
LAST_NAME SUNDBERG
ADDRESS RT 1 BOX 101 A
CITY MARSHALLVIL
STATE GA
ZIP 310570000
MORT $56,700.00
BAL $56,645.50
RATE 12.850
PAI $620.57
CLTV 87.906
MATURITY 121029
FEE 0.5000
LOAN 0000021951223
LAST_NAME NICKENS
ADDRESS 160 COUNTY ROAD 1471
CITY CULLMAN
STATE AL
ZIP 350550000
MORT $36,750.00
BAL $36,707.11
RATE 10.640
PAI $340.02
CLTV 75.000
MATURITY 121107
FEE 0.5000
LOAN 0000021951249
LAST_NAME ABRAHAM
ADDRESS 23 GEDNEY CIRCLE
CITY WHITE PLAIN
STATE NY
ZIP 106050000
MORT $170,000.00
BAL $169,784.30
RATE 10.250
PAI $1,523.37
CLTV 48.571
MATURITY 271110
FEE 0.5000
LOAN 0000021951256
LAST_NAME ALEXANDER
ADDRESS 18 MILLSTONE DRIVE
CITY PHENIX CITY
STATE AL
ZIP 368690000
MORT $70,400.00
BAL $70,306.08
RATE 9.900
PAI $674.72
CLTV 80.000
MATURITY 171222
FEE 0.5000
LOAN 0000021951298
LAST_NAME HEIMSCH
ADDRESS 43 TIMBERWICK DRIVE
CITY FLEMINGTON
STATE NJ
ZIP 088220000
MORT $50,000.00
BAL $49,872.57
RATE 9.400
PAI $519.10
CLTV 74.057
MATURITY 130202
FEE 0.5000
LOAN 0000021951348
LAST_NAME HARDING
ADDRESS 146 DOBBS FERRY ROAD
CITY GREENBURGH
STATE NY
ZIP 106070000
MORT $140,000.00
BAL $139,508.09
RATE 7.750
PAI $1,149.33
CLTV 64.220
MATURITY 171223
FEE 0.5000
LOAN 0000021951355
LAST_NAME TAYLOR
ADDRESS 720 N CHESTNUT STREET
CITY SCOTTDALE
STATE PA
ZIP 156830000
MORT $45,000.00
BAL $44,972.99
RATE 8.600
PAI $349.21
CLTV 79.646
MATURITY 121231
FEE 0.5000
LOAN 0000021951389
LAST_NAME BORDEN
ADDRESS 5028 N COLLEGE AVENUE
CITY INDIANAPOLI
STATE IN
ZIP 462050000
MORT $37,000.00
BAL $36,940.61
RATE 8.450
PAI $319.93
CLTV 60.865
MATURITY 180116
FEE 0.5000
LOAN 0000021951405
LAST_NAME KRELL
ADDRESS 1627 NORTHBROOK COURT
CITY FORT COLLIN
STATE CO
ZIP 805260000
MORT $22,425.00
BAL $22,358.16
RATE 7.650
PAI $209.80
CLTV 15.000
MATURITY 130105
FEE 0.5000
LOAN 0000021951413
LAST_NAME FERENZ
ADDRESS 1341 W NEWTON DRIVE
CITY TUCSON
STATE AZ
ZIP 857370000
MORT $25,000.00
BAL $24,936.28
RATE 9.400
PAI $259.55
CLTV 68.316
MATURITY 130120
FEE 0.5000
LOAN 0000021951462
LAST_NAME MCGILL, III
ADDRESS 27 MAIN STREET
CITY DOVER
STATE MA
ZIP 020300000
MORT $182,000.00
BAL $181,480.09
RATE 9.400
PAI $1,684.61
CLTV 51.267
MATURITY 171215
FEE 0.5000
LOAN 0000021951488
LAST_NAME KAISERMAN
ADDRESS 1200 FUNDY ROAD
CITY QUINCY
STATE IL
ZIP 623010000
MORT $121,550.00
BAL $121,460.66
RATE 8.250
PAI $913.17
CLTV 85.000
MATURITY 271229
FEE 0.5000
LOAN 0000021951546
LAST_NAME BARRIOS
ADDRESS 622 BERGEN STREET
CITY SOUTH PLAIN
STATE NJ
ZIP 070800000
MORT $96,100.00
BAL $96,017.53
RATE 8.950
PAI $769.79
CLTV 60.822
MATURITY 280113
FEE 0.5000
LOAN 0000021951587
LAST_NAME WHITNUM
ADDRESS 6 YORKSHIRE AVENUE
CITY WHEATLEY HE
STATE NY
ZIP 117980000
MORT $17,200.00
BAL $17,200.00
RATE 10.000
PAI $184.84
CLTV 84.990
MATURITY 130210
FEE 0.5000
LOAN 0000021951629
LAST_NAME ROBERTS
ADDRESS 7109 SE 180TH AVENUE ROAD
CITY OCKLAWAHA
STATE FL
ZIP 321790000
MORT $54,000.00
BAL $53,859.01
RATE 10.100
PAI $524.70
CLTV 81.818
MATURITY 171224
FEE 0.5000
LOAN 0000021951785
LAST_NAME SECHRIST
ADDRESS 96 RAYPAULA DRIVE
CITY SHREWSBURY
STATE PA
ZIP 173610000
MORT $106,400.00
BAL $106,218.23
RATE 7.950
PAI $886.67
CLTV 80.000
MATURITY 180128
FEE 0.5000
LOAN 0000021951843
LAST_NAME GROVER
ADDRESS 2695 CABLE HOLLOW ROAD
CITY RUSSELL
STATE PA
ZIP 163450000
MORT $67,500.00
BAL $67,434.72
RATE 9.600
PAI $572.51
CLTV 90.000
MATURITY 121216
FEE 0.5000
LOAN 0000021951967
LAST_NAME MARTELL
ADDRESS 12A -12B HARRIMAN COURT
CITY MAYNARD
STATE MA
ZIP 017540000
MORT $99,000.00
BAL $98,732.40
RATE 9.900
PAI $948.82
CLTV 76.848
MATURITY 171201
FEE 0.5000
LOAN 0000021951983
LAST_NAME MARSH
ADDRESS 9402 E RAYMOND
CITY INDIANAPOLI
STATE IN
ZIP 462390000
MORT $96,000.00
BAL $95,686.87
RATE 8.350
PAI $824.02
CLTV 80.000
MATURITY 171201
FEE 0.5000
LOAN 0000021952023
LAST_NAME PETERSEN
ADDRESS 728 DECAMP DRIVE
CITY TOWNSHIP OF
STATE NJ
ZIP 088530000
MORT $154,400.00
BAL $153,877.02
RATE 8.600
PAI $1,529.51
CLTV 77.200
MATURITY 121224
FEE 0.5000
LOAN 0000021952064
LAST_NAME ECHOLS
ADDRESS 2023 FOUNDRY ROAD
CITY CAMBRIDGE C
STATE IN
ZIP 473270000
MORT $99,200.00
BAL $98,729.79
RATE 8.650
PAI $870.33
CLTV 80.000
MATURITY 171117
FEE 0.5000
LOAN 0000021952080
LAST_NAME MILLER
ADDRESS 420 ELMWOOD STREET
CITY ISLIP TERRA
STATE NY
ZIP 117520000
MORT $112,000.00
BAL $111,055.60
RATE 8.400
PAI $1,096.36
CLTV 80.000
MATURITY 121113
FEE 0.5000
LOAN 0000021952122
LAST_NAME LYNCH
ADDRESS 289 WANSER AVENUE
CITY INWOOD
STATE NY
ZIP 110960000
MORT $151,500.00
BAL $151,277.45
RATE 9.150
PAI $1,377.74
CLTV 67.333
MATURITY 171223
FEE 0.5000
LOAN 0000021952148
LAST_NAME HAY
ADDRESS 22770 HARTMAN
CITY CLINTON TOW
STATE MI
ZIP 480360000
MORT $30,600.00
BAL $30,600.00
RATE 9.900
PAI $326.96
CLTV 84.965
MATURITY 130216
FEE 0.5000
LOAN 0000021952171
LAST_NAME WACTER
ADDRESS 3837 LAWHON ROAD
CITY CALLAHAN
STATE FL
ZIP 320110000
MORT $31,500.00
BAL $30,664.83
RATE 9.150
PAI $656.19
CLTV 45.000
MATURITY 21229
FEE 0.5000
LOAN 0000021952213
LAST_NAME REISCH
ADDRESS 4383 WEST 5615 SOUTH
CITY SALT LAKE C
STATE UT
ZIP 841180000
MORT $17,500.00
BAL $17,490.03
RATE 8.800
PAI $138.30
CLTV 18.817
MATURITY 280101
FEE 0.5000
LOAN 0000021952312
LAST_NAME CATHER
ADDRESS 1485 OLD BETHEL CHURCH RO
CITY WINCHESTER
STATE VA
ZIP 226030000
MORT $30,500.00
BAL $30,500.00
RATE 9.050
PAI $387.19
CLTV 60.475
MATURITY 80202
FEE 0.5000
LOAN 0000021952320
LAST_NAME WILLIAMS
ADDRESS 1060 LINCOLN STREET
CITY CRAIG
STATE CO
ZIP 816250000
MORT $70,000.00
BAL $69,932.31
RATE 9.600
PAI $593.71
CLTV 71.065
MATURITY 121126
FEE 0.5000
LOAN 0000021952346
LAST_NAME CADE
ADDRESS 8055 STRATHMOOR
CITY DETROIT
STATE MI
ZIP 482280000
MORT $32,000.00
BAL $32,000.00
RATE 8.400
PAI $275.69
CLTV 80.000
MATURITY 180211
FEE 0.5000
LOAN 0000021952361
LAST_NAME DAVENPORT
ADDRESS 3717 KNOTTS CREEK LANE
CITY SUFFOLK
STATE VA
ZIP 234350000
MORT $108,300.00
BAL $108,241.45
RATE 9.050
PAI $875.31
CLTV 83.953
MATURITY 130109
FEE 0.5000
LOAN 0000021952395
LAST_NAME MORALES
ADDRESS 1400 WEST COURT
CITY WALL
STATE NJ
ZIP 077190000
MORT $81,410.00
BAL $81,190.88
RATE 8.050
PAI $600.20
CLTV 73.342
MATURITY 271216
FEE 0.5000
LOAN 0000021952445
LAST_NAME BEDEL
ADDRESS 820 CENTRAL AVENUE
CITY BATESVILLE
STATE IN
ZIP 470060000
MORT $45,750.00
BAL $45,376.31
RATE 8.750
PAI $457.25
CLTV 67.279
MATURITY 121107
FEE 0.5000
LOAN 0000021952452
LAST_NAME HENDRIX
ADDRESS 383 ELK VALLEY ROAD
CITY BAYFIELD
STATE CO
ZIP 811220000
MORT $130,000.00
BAL $129,876.91
RATE 9.700
PAI $1,112.13
CLTV 80.000
MATURITY 121126
FEE 0.5000
LOAN 0000021952460
LAST_NAME CARSTENSEN
ADDRESS 417 CHAPELWOOD DRIVE
CITY DOTHAN
STATE AL
ZIP 363010000
MORT $13,000.00
BAL $13,000.00
RATE 9.400
PAI $134.97
CLTV 78.841
MATURITY 130203
FEE 0.5000
LOAN 0000021952478
LAST_NAME VANORE
ADDRESS 5733 GRANATE COURT
CITY PENNSAUKEN
STATE NJ
ZIP 081100000
MORT $68,000.00
BAL $67,825.22
RATE 8.050
PAI $630.95
CLTV 62.385
MATURITY 131223
FEE 0.5000
LOAN 0000021952494
LAST_NAME GOSART
ADDRESS 2717 YALE STREET
CITY ENDWELL
STATE NY
ZIP 137600000
MORT $26,100.00
BAL $25,680.86
RATE 8.500
PAI $323.60
CLTV 37.339
MATURITY 71110
FEE 0.5000
LOAN 0000021952528
LAST_NAME PROWELL
ADDRESS 4154 ROLLINS AVENUE
CITY MOBILE
STATE AL
ZIP 366180000
MORT $57,800.00
BAL $57,660.54
RATE 10.000
PAI $621.13
CLTV 83.768
MATURITY 130107
FEE 0.5000
LOAN 0000021952536
LAST_NAME MCGRIFF
ADDRESS 3143 LANSDELL DRIVE
CITY JACKSONVILL
STATE FL
ZIP 322080000
MORT $35,000.00
BAL $34,834.48
RATE 8.650
PAI $307.07
CLTV 43.750
MATURITY 171104
FEE 0.5000
LOAN 0000021952544
LAST_NAME MARRERO
ADDRESS 103 FERRY ST
CITY TRENTON
STATE NJ
ZIP 086110000
MORT $58,500.00
BAL $58,315.95
RATE 11.800
PAI $636.00
CLTV 90.000
MATURITY 171110
FEE 0.5000
LOAN 0000021952676
LAST_NAME FAGAN
ADDRESS 17 TIROS AVENUE
CITY WASHINGTON
STATE NJ
ZIP 080800000
MORT $121,500.00
BAL $120,900.42
RATE 9.800
PAI $1,290.82
CLTV 90.000
MATURITY 121124
FEE 0.5000
LOAN 0000021952692
LAST_NAME TEUT
ADDRESS 12 SQUIRE ROAD
CITY BOROUGH OF
STATE NJ
ZIP 078430000
MORT $88,200.00
BAL $86,666.52
RATE 11.100
PAI $1,219.95
CLTV 90.000
MATURITY 71128
FEE 0.5000
LOAN 0000021952700
LAST_NAME KANTARAKIS
ADDRESS 25-27 HAVILAND AVENUE
CITY BOROUGH OF
STATE NJ
ZIP 081060000
MORT $100,000.00
BAL $99,194.07
RATE 8.900
PAI $1,008.33
CLTV 80.000
MATURITY 121128
FEE 0.5000
LOAN 0000021952726
LAST_NAME SIKORIAK
ADDRESS 35 RICHARD STREET
CITY CLARK TOWNS
STATE NJ
ZIP 070660000
MORT $114,000.00
BAL $113,688.62
RATE 9.750
PAI $1,081.31
CLTV 54.807
MATURITY 171128
FEE 0.5000
LOAN 0000021952742
LAST_NAME KLINE
ADDRESS 69 PLYMOUTH ROAD
CITY TOWN OF HAM
STATE NJ
ZIP 080370000
MORT $47,100.00
BAL $47,036.83
RATE 9.990
PAI $412.99
CLTV 60.384
MATURITY 121128
FEE 0.5000
LOAN 0000021952759
LAST_NAME GERELUS
ADDRESS 226 LINDEN AVENUE
CITY TOWNSHIP OF
STATE NJ
ZIP 081080000
MORT $134,100.00
BAL $133,778.35
RATE 10.750
PAI $1,361.42
CLTV 90.000
MATURITY 171128
FEE 0.5000
LOAN 0000021952775
LAST_NAME CLARK
ADDRESS 354 BANK STREET
CITY CITY OF BRI
STATE NJ
ZIP 083020000
MORT $64,800.00
BAL $64,765.52
RATE 12.350
PAI $684.05
CLTV 90.000
MATURITY 121126
FEE 0.5000
LOAN 0000021952783
LAST_NAME MCMILLIN
ADDRESS 2 ONEIDA AVENUE
CITY ROXBURY TOW
STATE NJ
ZIP 078500000
MORT $113,400.00
BAL $112,734.49
RATE 9.250
PAI $1,038.59
CLTV 90.000
MATURITY 171124
FEE 0.5000
LOAN 0000021952791
LAST_NAME LARIOS
ADDRESS 410 NORTH SURREY AVENUE
CITY CITY OF VEN
STATE NJ
ZIP 084060000
MORT $140,400.00
BAL $140,240.00
RATE 10.750
PAI $1,310.61
CLTV 90.000
MATURITY 121124
FEE 0.5000
LOAN 0000021952809
LAST_NAME SEALEY
ADDRESS 32 THIRD AVENUE
CITY PEMBERTON T
STATE NJ
ZIP 080680000
MORT $81,000.00
BAL $80,403.00
RATE 10.350
PAI $887.86
CLTV 90.000
MATURITY 121126
FEE 0.5000
LOAN 0000021952817
LAST_NAME CALFO
ADDRESS 155 WRIGHT STREET
CITY CARNEYS POI
STATE NJ
ZIP 080690000
MORT $61,200.00
BAL $61,150.89
RATE 12.350
PAI $646.05
CLTV 90.000
MATURITY 121125
FEE 0.5000
LOAN 0000021952825
LAST_NAME FONTAINE
ADDRESS 591- 593 WESTMINSTER AVEN
CITY ELIZABETH C
STATE NJ
ZIP 072080000
MORT $139,000.00
BAL $137,608.60
RATE 9.850
PAI $1,480.97
CLTV 75.543
MATURITY 121128
FEE 0.5000
LOAN 0000021952833
LAST_NAME KILROY
ADDRESS 9 11TH STREET NORTH
CITY CITY OF BRI
STATE NJ
ZIP 082030000
MORT $88,800.00
BAL $88,678.62
RATE 9.900
PAI $772.73
CLTV 80.000
MATURITY 121126
FEE 0.5000
LOAN 0000021952841
LAST_NAME GARRISON
ADDRESS 817 CINNAMINSON AVENUE
CITY PALMYRA BOR
STATE NJ
ZIP 080650000
MORT $70,000.00
BAL $69,963.57
RATE 12.450
PAI $744.37
CLTV 56.000
MATURITY 121201
FEE 0.5000
LOAN 0000021952924
LAST_NAME PATCH
ADDRESS 3313 CANNES PLACE
CITY KENNER
STATE LA
ZIP 700650000
MORT $40,650.00
BAL $40,650.00
RATE 9.900
PAI $434.35
CLTV 84.982
MATURITY 130223
FEE 0.5000
LOAN 0000021953062
LAST_NAME DEPALMA
ADDRESS 60 BOG RIVER BEND
CITY MASHPEE
STATE MA
ZIP 026490000
MORT $170,000.00
BAL $169,793.31
RATE 8.500
PAI $1,307.15
CLTV 77.981
MATURITY 271209
FEE 0.5000
LOAN 0000021953070
LAST_NAME SLONIKER
ADDRESS 5350 GLEN HARBOR DRIVE
CITY TEXAS TOWNS
STATE MI
ZIP 490090000
MORT $75,000.00
BAL $74,325.99
RATE 7.800
PAI $1,161.51
CLTV 46.875
MATURITY 50116
FEE 0.5000
LOAN 0000021953179
LAST_NAME ZIPPO
ADDRESS 15 NANCY AILEEN DRIVE
CITY WAPPINGER
STATE NY
ZIP 125900000
MORT $17,500.00
BAL $17,500.00
RATE 9.200
PAI $159.72
CLTV 63.462
MATURITY 180211
FEE 0.5000
LOAN 0000021953211
LAST_NAME DAVIS
ADDRESS 2630 D PARK ROAD
CITY CHARLOTTE
STATE NC
ZIP 282090000
MORT $15,610.00
BAL $15,610.00
RATE 9.750
PAI $165.37
CLTV 69.997
MATURITY 130224
FEE 0.5000
LOAN 0000021953245
LAST_NAME PHILLIPS
ADDRESS 1900 13TH AVENUE
CITY ROCK ISLAND
STATE IL
ZIP 612010000
MORT $53,000.00
BAL $52,969.50
RATE 8.750
PAI $416.96
CLTV 78.518
MATURITY 280101
FEE 0.5000
LOAN 0000021953252
LAST_NAME ALLEN
ADDRESS 916 KANKAKEE ST
CITY WILMINGTON
STATE IL
ZIP 604810000
MORT $128,000.00
BAL $127,922.67
RATE 8.650
PAI $997.85
CLTV 73.142
MATURITY 130114
FEE 0.5000
LOAN 0000021953286
LAST_NAME OWENS
ADDRESS 1284 CARIBOU TRAIL
CITY CAROL STREA
STATE IL
ZIP 601880000
MORT $15,264.00
BAL $13,710.12
RATE 9.750
PAI $144.78
CLTV 79.805
MATURITY 171222
FEE 0.5000
LOAN 0000021953328
LAST_NAME GARLING
ADDRESS 11136 BONNER ROAD
CITY OSSIAN
STATE NY
ZIP 148220000
MORT $35,000.00
BAL $34,901.08
RATE 8.250
PAI $339.55
CLTV 46.666
MATURITY 130112
FEE 0.5000
LOAN 0000021953336
LAST_NAME MORAN
ADDRESS RD1
CITY NEW ALEXAND
STATE PA
ZIP 156700000
MORT $15,500.00
BAL $15,413.61
RATE 8.450
PAI $152.19
CLTV 29.807
MATURITY 121224
FEE 0.5000
LOAN 0000021953435
LAST_NAME SHAFFER
ADDRESS 9280 WOODACRE BLVD S. DRI
CITY INDIANAPOLI
STATE IN
ZIP 462340000
MORT $15,470.00
BAL $15,392.29
RATE 9.500
PAI $200.18
CLTV 71.497
MATURITY 80120
FEE 0.5000
LOAN 0000021953443
LAST_NAME KAMUDA
ADDRESS 461 SPRINGSIDE LANE
CITY BUFFALO GRO
STATE IL
ZIP 600890000
MORT $151,500.00
BAL $151,365.78
RATE 8.750
PAI $1,191.86
CLTV 79.736
MATURITY 280107
FEE 0.5000
LOAN 0000021953534
LAST_NAME MCMULLEN
ADDRESS 1612 NORTH KANSAS AVENUE
CITY ROSWELL
STATE NM
ZIP 882010000
MORT $45,200.00
BAL $45,200.00
RATE 8.350
PAI $342.76
CLTV 80.000
MATURITY 130203
FEE 0.5000
LOAN 0000021953567
LAST_NAME DUBOIS
ADDRESS 1840 FLANAGAN AVENUE
CITY WILLIAMSTOW
STATE NJ
ZIP 080940000
MORT $60,500.00
BAL $59,552.37
RATE 8.950
PAI $764.76
CLTV 41.724
MATURITY 71103
FEE 0.5000
LOAN 0000021953591
LAST_NAME ROBERTS
ADDRESS 1044 SO DUPONT HIGHWAY
CITY SMYRNA
STATE DE
ZIP 199770000
MORT $72,900.00
BAL $72,805.49
RATE 10.150
PAI $647.85
CLTV 90.000
MATURITY 121105
FEE 0.5000
LOAN 0000021953609
LAST_NAME APRILE
ADDRESS 3 PETITE PLACE
CITY GLEN COVE
STATE NY
ZIP 115420000
MORT $212,500.00
BAL $212,187.22
RATE 9.550
PAI $1,794.58
CLTV 85.000
MATURITY 121104
FEE 0.5000
LOAN 0000021953617
LAST_NAME BOONE
ADDRESS 3148 RAVENWOOD AVENUE
CITY BALTIMORE
STATE MD
ZIP 212130000
MORT $43,200.00
BAL $43,027.67
RATE 9.990
PAI $416.61
CLTV 90.000
MATURITY 171101
FEE 0.5000
LOAN 0000021953641
LAST_NAME WILLIS
ADDRESS 1520 E. 72ND PLACE
CITY CHICAGO
STATE IL
ZIP 606190000
MORT $62,000.00
BAL $62,000.00
RATE 8.600
PAI $481.13
CLTV 72.941
MATURITY 280211
FEE 0.5000
LOAN 0000021953724
LAST_NAME MURPHY
ADDRESS 314 EAST MANGAN AVENUE
CITY SEFFNER
STATE FL
ZIP 335840000
MORT $12,000.00
BAL $12,000.00
RATE 9.900
PAI $254.38
CLTV 83.865
MATURITY 30219
FEE 0.5000
LOAN 0000021953732
LAST_NAME SHANLEY
ADDRESS 319 HORSEPOND ROAD
CITY MADISON
STATE CT
ZIP 064430000
MORT $110,000.00
BAL $109,871.64
RATE 8.700
PAI $861.45
CLTV 64.705
MATURITY 271229
FEE 0.5000
LOAN 0000021953765
LAST_NAME ALISON
ADDRESS 840 DAWES ROAD
CITY MOBILE
STATE AL
ZIP 366950000
MORT $14,000.00
BAL $13,929.47
RATE 9.450
PAI $180.78
CLTV 78.919
MATURITY 80113
FEE 0.5000
LOAN 0000021953831
LAST_NAME DUDLEY
ADDRESS 19 FAWN RIDGE DRIVE
CITY LAKE PLACID
STATE NY
ZIP 129460000
MORT $11,700.00
BAL $11,448.18
RATE 10.990
PAI $161.10
CLTV 78.875
MATURITY 71124
FEE 0.5000
LOAN 0000021953856
LAST_NAME HURDLE
ADDRESS 2550 TOWN LINE ROAD
CITY GENEVA
STATE NY
ZIP 144560000
MORT $63,000.00
BAL $62,002.21
RATE 8.750
PAI $789.56
CLTV 79.746
MATURITY 71124
FEE 0.5000
LOAN 0000021953872
LAST_NAME CUNNINGHAM
ADDRESS 806 MAUMEE DRIVE
CITY KOKOMO
STATE IN
ZIP 469020000
MORT $26,500.00
BAL $25,957.24
RATE 9.990
PAI $350.05
CLTV 42.063
MATURITY 71124
FEE 0.5000
LOAN 0000021953955
LAST_NAME SMITH
ADDRESS 1734 MEADOW AVENUE
CITY MIDDLETOWN
STATE OH
ZIP 450440000
MORT $56,000.00
BAL $55,971.27
RATE 9.300
PAI $462.73
CLTV 80.000
MATURITY 130101
FEE 0.5000
LOAN 0000021953997
LAST_NAME BRITT
ADDRESS 5305 AGINCOURT TERRACE
CITY RICHMOND
STATE VA
ZIP 232370000
MORT $16,650.00
BAL $16,414.38
RATE 10.750
PAI $227.00
CLTV 64.504
MATURITY 71121
FEE 0.5000
LOAN 0000021954037
LAST_NAME SUTTON
ADDRESS 211 SHAD BEND DRIVE
CITY WASHINGTON
STATE NC
ZIP 278890000
MORT $19,000.00
BAL $18,904.01
RATE 9.400
PAI $244.82
CLTV 75.827
MATURITY 80128
FEE 0.5000
LOAN 0000021954169
LAST_NAME BRIGHAM
ADDRESS 226 E WELLESLEY LANE
CITY SCHAUMBURG
STATE IL
ZIP 601930000
MORT $25,500.00
BAL $25,037.73
RATE 10.990
PAI $289.67
CLTV 80.610
MATURITY 121118
FEE 0.5000
LOAN 0000021954177
LAST_NAME MILLER
ADDRESS 1604 RUSHING ST
CITY MONROE
STATE NC
ZIP 281120000
MORT $26,000.00
BAL $26,000.00
RATE 11.250
PAI $299.61
CLTV 46.428
MATURITY 130201
FEE 0.5000
LOAN 0000021954219
LAST_NAME HEANEY
ADDRESS 1316 E 56TH STREET
CITY BROOKLYN
STATE NY
ZIP 112340000
MORT $35,500.00
BAL $35,216.19
RATE 8.990
PAI $359.85
CLTV 24.738
MATURITY 121120
FEE 0.5000
LOAN 0000021954227
LAST_NAME STONE
ADDRESS 20641 NW 37TH COURT
CITY MIAMI
STATE FL
ZIP 330550000
MORT $36,000.00
BAL $35,916.28
RATE 10.400
PAI $395.72
CLTV 46.153
MATURITY 130113
FEE 0.5000
LOAN 0000021954235
LAST_NAME PATTERSON
ADDRESS 14 CAMAC AVENUE
CITY MAYS LANDIN
STATE NJ
ZIP 083300000
MORT $27,425.00
BAL $27,152.22
RATE 8.700
PAI $273.29
CLTV 31.164
MATURITY 121217
FEE 0.5000
LOAN 0000021954243
LAST_NAME TRACY
ADDRESS 415 W.VINE STREET
CITY Flora
STATE IN
ZIP 469290000
MORT $24,100.00
BAL $23,849.85
RATE 8.990
PAI $305.16
CLTV 51.276
MATURITY 71118
FEE 0.5000
LOAN 0000021954292
LAST_NAME BLANKENBAKER
ADDRESS 307 LINDA LANE
CITY FORT WALTON
STATE FL
ZIP 325480000
MORT $49,000.00
BAL $48,802.70
RATE 10.750
PAI $497.46
CLTV 62.420
MATURITY 171119
FEE 0.5000
LOAN 0000021954300
LAST_NAME PEACOCK
ADDRESS 6465 GOODRICH ROAD
CITY CLARENCE CE
STATE NY
ZIP 140320000
MORT $76,000.00
BAL $75,605.04
RATE 8.990
PAI $683.30
CLTV 72.380
MATURITY 171125
FEE 0.5000
LOAN 0000021954342
LAST_NAME PFEIFFER
ADDRESS 110 MARVIN ST
CITY PATCHOGUE
STATE NY
ZIP 117720000
MORT $97,500.00
BAL $97,441.54
RATE 8.550
PAI $753.15
CLTV 75.000
MATURITY 271229
FEE 0.5000
LOAN 0000021954367
LAST_NAME CARTER
ADDRESS 8173 DONNELL ROAD
CITY MILLINGTON
STATE TN
ZIP 380530000
MORT $27,850.00
BAL $27,850.00
RATE 11.050
PAI $317.42
CLTV 79.925
MATURITY 130213
FEE 0.5000
LOAN 0000021954433
LAST_NAME ANDERSON
ADDRESS 4629 ABERDEEN ROAD
CITY MOUND
STATE MN
ZIP 553640000
MORT $14,450.00
BAL $14,450.00
RATE 10.000
PAI $155.29
CLTV 84.873
MATURITY 130209
FEE 0.5000
LOAN 0000021954458
LAST_NAME VERSTEEG
ADDRESS 73 CORONA DRIVE
CITY MILFORD
STATE CT
ZIP 064600000
MORT $130,000.00
BAL $129,936.06
RATE 9.500
PAI $1,093.11
CLTV 84.967
MATURITY 130105
FEE 0.5000
LOAN 0000021954524
LAST_NAME COVINGTON
ADDRESS 2302 EASTVIEW CIRCLE
CITY MONROE
STATE NC
ZIP 281100000
MORT $14,600.00
BAL $14,311.16
RATE 9.990
PAI $192.86
CLTV 69.980
MATURITY 71120
FEE 0.5000
LOAN 0000021954581
LAST_NAME RENTERIA
ADDRESS 1404 WINIFRED ST
CITY JOLIET
STATE IL
ZIP 604360000
MORT $52,500.00
BAL $52,500.00
RATE 8.150
PAI $444.05
CLTV 79.545
MATURITY 180208
FEE 0.5000
LOAN 0000021954607
LAST_NAME TERRILL
ADDRESS 4240 SW 20TH STREET
CITY FORT LAUDER
STATE FL
ZIP 333170000
MORT $48,000.00
BAL $46,913.86
RATE 8.650
PAI $476.90
CLTV 58.536
MATURITY 120603
FEE 0.5000
LOAN 0000021954631
LAST_NAME ISRAEL
ADDRESS 1846 FOREST HILLS ROAD
CITY JACKSONVILL
STATE FL
ZIP 322080000
MORT $40,000.00
BAL $39,741.10
RATE 8.650
PAI $311.83
CLTV 80.000
MATURITY 270523
FEE 0.5000
LOAN 0000021954649
LAST_NAME SERGENT
ADDRESS 10409 VENTURA AVENUE
CITY TAMPA
STATE FL
ZIP 336190000
MORT $59,200.00
BAL $58,840.83
RATE 8.650
PAI $461.50
CLTV 80.000
MATURITY 270428
FEE 0.5000
LOAN 0000021954656
LAST_NAME BOYCE
ADDRESS 5097 SE AIRPORT ROAD
CITY ARCADIA
STATE FL
ZIP 338210000
MORT $88,000.00
BAL $87,321.23
RATE 8.400
PAI $670.42
CLTV 80.000
MATURITY 270324
FEE 0.5000
LOAN 0000021954664
LAST_NAME HEYDUKE
ADDRESS 3782 SW 150 LOOP
CITY OCALA
STATE FL
ZIP 344730000
MORT $21,000.00
BAL $20,660.48
RATE 8.650
PAI $184.24
CLTV 50.000
MATURITY 170402
FEE 0.5000
LOAN 0000021954672
LAST_NAME WESTBROOKS
ADDRESS 439 AVENUE D S.E.
CITY WINTER HAVE
STATE FL
ZIP 338800000
MORT $38,000.00
BAL $35,672.52
RATE 8.500
PAI $471.15
CLTV 76.000
MATURITY 70317
FEE 0.5000
LOAN 0000021954680
LAST_NAME BOISCLAIR
ADDRESS 15753 SW 55TH AVENUE ROAD
CITY OCALA
STATE FL
ZIP 344730000
MORT $77,600.00
BAL $76,172.08
RATE 8.400
PAI $668.53
CLTV 80.000
MATURITY 170312
FEE 0.5000
LOAN 0000021954698
LAST_NAME LANCASTER
ADDRESS 1909 PEREGRINE PLACE
CITY MIDDLEBURG
STATE FL
ZIP 320680000
MORT $45,000.00
BAL $43,558.71
RATE 8.500
PAI $443.13
CLTV 51.724
MATURITY 120311
FEE 0.5000
LOAN 0000021954706
LAST_NAME PITTMAN
ADDRESS 5950 11 TH SOUTH STREET
CITY ST. PETERSB
STATE FL
ZIP 337050000
MORT $39,000.00
BAL $38,223.84
RATE 8.500
PAI $338.45
CLTV 55.714
MATURITY 170212
FEE 0.5000
LOAN 0000021954722
LAST_NAME JACKSON
ADDRESS 2701 GODWIN LANE
CITY PENSACOLA
STATE FL
ZIP 325260000
MORT $52,000.00
BAL $51,749.37
RATE 8.650
PAI $405.38
CLTV 80.000
MATURITY 270616
FEE 0.5000
LOAN 0000021954730
LAST_NAME GRANT
ADDRESS 1241 NE 33RD STREET
CITY POMPANO BEA
STATE FL
ZIP 330640000
MORT $56,000.00
BAL $55,757.44
RATE 8.500
PAI $430.59
CLTV 80.000
MATURITY 270702
FEE 0.5000
LOAN 0000021954755
LAST_NAME KALAFUT
ADDRESS 1356 FOX RIDGE
CITY SIOUX CITY
STATE IA
ZIP 511040000
MORT $401,400.00
BAL $400,986.54
RATE 9.300
PAI $3,316.78
CLTV 90.000
MATURITY 271229
FEE 0.5000
LOAN 0000021954763
LAST_NAME KEMPEY
ADDRESS 4 BRUNSWICK DRIVE
CITY HUNTINGTON
STATE NY
ZIP 117310000
MORT $160,000.00
BAL $159,728.36
RATE 8.000
PAI $1,338.31
CLTV 72.727
MATURITY 180112
FEE 0.5000
LOAN 0000021954797
LAST_NAME WILLIAMS
ADDRESS 10125 ELK AVENUE
CITY CLEVELAND
STATE OH
ZIP 441080000
MORT $52,200.00
BAL $52,129.45
RATE 9.800
PAI $496.85
CLTV 90.000
MATURITY 180114
FEE 0.5000
LOAN 0000021954805
LAST_NAME KNOWLES
ADDRESS 17331 NW 47 COURT
CITY MIAMI
STATE FL
ZIP 330550000
MORT $45,000.00
BAL $44,878.37
RATE 8.750
PAI $449.76
CLTV 51.136
MATURITY 130112
FEE 0.5000
LOAN 0000021954813
LAST_NAME DUCHESNEAU
ADDRESS 1350 S SALFORD BOULVARD
CITY NORTH PORT
STATE FL
ZIP 342870000
MORT $75,200.00
BAL $75,200.00
RATE 8.400
PAI $647.86
CLTV 80.000
MATURITY 180202
FEE 0.5000
LOAN 0000021954839
LAST_NAME ADAMS
ADDRESS 4234 HIGHLAND PARK DRIVE
CITY COLUMBIA
STATE SC
ZIP 292040000
MORT $18,000.00
BAL $18,000.00
RATE 9.300
PAI $376.28
CLTV 54.374
MATURITY 30126
FEE 0.5000
LOAN 0000021954870
LAST_NAME MARTINS
ADDRESS 3 STEERE AVENUE
CITY NORTH PROVI
STATE RI
ZIP 029110000
MORT $105,000.00
BAL $104,947.25
RATE 9.400
PAI $875.25
CLTV 81.395
MATURITY 271223
FEE 0.5000
LOAN 0000021954904
LAST_NAME KISSINGER
ADDRESS 111 FAYTON AVENUE
CITY NORFOLK
STATE VA
ZIP 235050000
MORT $73,500.00
BAL $73,458.66
RATE 12.100
PAI $761.69
CLTV 70.000
MATURITY 121219
FEE 0.5000
LOAN 0000021955018
LAST_NAME AMEND
ADDRESS 1863 KORNEGAY ROAD
CITY ONEONTA
STATE AL
ZIP 351210000
MORT $17,500.00
BAL $17,500.00
RATE 9.050
PAI $178.02
CLTV 52.492
MATURITY 130216
FEE 0.5000
LOAN 0000021955083
LAST_NAME LEEPER
ADDRESS 21 MEREDITH ROAD
CITY TOWNSHIP OF
STATE PA
ZIP 190960000
MORT $50,000.00
BAL $49,758.00
RATE 10.150
PAI $664.92
CLTV 83.802
MATURITY 80122
FEE 0.5000
LOAN 0000021955091
LAST_NAME FRASER
ADDRESS 43762 STATE ROUTE 558
CITY COLUMBIANA
STATE OH
ZIP 444050000
MORT $72,000.00
BAL $71,745.45
RATE 7.700
PAI $588.87
CLTV 80.000
MATURITY 171230
FEE 0.5000
LOAN 0000021955216
LAST_NAME HAUN
ADDRESS 5446 FIR AVENUE
CITY ERIE
STATE CO
ZIP 805160000
MORT $60,000.00
BAL $59,913.53
RATE 9.300
PAI $551.47
CLTV 58.031
MATURITY 180128
FEE 0.5000
LOAN 0000021955240
LAST_NAME ALVAREZ
ADDRESS 3420 SW 122 AVENUE
CITY MIAMI
STATE FL
ZIP 331750000
MORT $121,500.00
BAL $121,398.53
RATE 10.290
PAI $1,092.38
CLTV 73.636
MATURITY 121119
FEE 0.5000
LOAN 0000021955265
LAST_NAME BROWN
ADDRESS 1599 W 25TH STREET
CITY JACKSONVILL
STATE FL
ZIP 322090000
MORT $36,000.00
BAL $35,989.76
RATE 12.150
PAI $374.47
CLTV 69.230
MATURITY 271222
FEE 0.5000
LOAN 0000021955273
LAST_NAME VANCE
ADDRESS 6836 MARKHAM DR
CITY TRUSSVILLE
STATE AL
ZIP 351730000
MORT $68,000.00
BAL $67,959.64
RATE 8.600
PAI $527.69
CLTV 80.000
MATURITY 130108
FEE 0.5000
LOAN 0000021955331
LAST_NAME CULP
ADDRESS 11731 POYDRAS LANE
CITY JACKSONVILL
STATE FL
ZIP 322180000
MORT $85,000.00
BAL $84,539.83
RATE 8.500
PAI $692.82
CLTV 77.272
MATURITY 210902
FEE 0.5000
LOAN 0000021955364
LAST_NAME BOYETT
ADDRESS 5612 29 TH STREET WEST
CITY BRADENTON
STATE FL
ZIP 342070000
MORT $68,000.00
BAL $67,748.43
RATE 8.500
PAI $522.86
CLTV 79.069
MATURITY 270818
FEE 0.5000
LOAN 0000021955372
LAST_NAME KELSEY
ADDRESS 3742 30TH AVENUE SOUTH
CITY ST. PETERSB
STATE FL
ZIP 337110000
MORT $32,000.00
BAL $30,961.27
RATE 8.500
PAI $396.75
CLTV 80.000
MATURITY 70802
FEE 0.5000
LOAN 0000021955380
LAST_NAME SNIDER
ADDRESS BOMBAY ROAD
CITY DENTON
STATE NC
ZIP 272390000
MORT $120,000.00
BAL $118,796.33
RATE 8.550
PAI $1,045.19
CLTV 80.000
MATURITY 170802
FEE 0.5000
LOAN 0000021955398
LAST_NAME MCCOY
ADDRESS 118 CLEARVIEW AVENUE
CITY BOWLING GRE
STATE KY
ZIP 421010000
MORT $86,400.00
BAL $86,025.75
RATE 8.500
PAI $664.34
CLTV 80.000
MATURITY 270721
FEE 0.5000
LOAN 0000021955406
LAST_NAME POLACEK
ADDRESS 4117 HELENE PLACE
CITY VALRICO
STATE FL
ZIP 335940000
MORT $99,200.00
BAL $97,239.38
RATE 8.500
PAI $976.86
CLTV 80.000
MATURITY 120702
FEE 0.5000
LOAN 0000021955414
LAST_NAME DAVIS
ADDRESS 2527 CRISPIN AVENUE
CITY CHARLOTTE
STATE NC
ZIP 282080000
MORT $43,200.00
BAL $42,867.08
RATE 9.400
PAI $448.51
CLTV 72.000
MATURITY 121112
FEE 0.5000
LOAN 0000021955471
LAST_NAME CARTER
ADDRESS 2351 HOFFMAN ROAD
CITY JACKSON SPR
STATE NC
ZIP 272810000
MORT $64,600.00
BAL $63,903.25
RATE 8.900
PAI $651.38
CLTV 76.904
MATURITY 121006
FEE 0.5000
LOAN 0000021955489
LAST_NAME MERCK
ADDRESS 209 OATES AVE
CITY EASLEY
STATE SC
ZIP 296400000
MORT $42,000.00
BAL $41,676.33
RATE 9.400
PAI $436.05
CLTV 55.263
MATURITY 121118
FEE 0.5000
LOAN 0000021955505
LAST_NAME BYRD
ADDRESS 213 YMCA ST.
CITY GREENVILLE
STATE SC
ZIP 296110000
MORT $51,000.00
BAL $50,931.60
RATE 9.990
PAI $447.19
CLTV 85.000
MATURITY 271118
FEE 0.5000
LOAN 0000021955521
LAST_NAME STYLES
ADDRESS 3 PAUL STREET
CITY PELZER
STATE SC
ZIP 296690000
MORT $45,600.00
BAL $44,903.83
RATE 8.900
PAI $407.35
CLTV 80.000
MATURITY 171118
FEE 0.5000
LOAN 0000021955554
LAST_NAME PICKARD
ADDRESS 110 CEDAR CIRCLE
CITY CORTLAND
STATE OH
ZIP 444100000
MORT $108,000.00
BAL $107,828.83
RATE 8.550
PAI $940.67
CLTV 80.000
MATURITY 171223
FEE 0.5000
LOAN 0000021955562
LAST_NAME FENNELL
ADDRESS 1203 MICHIGAN AVENUE
CITY MAUMEE
STATE OH
ZIP 435370000
MORT $65,600.00
BAL $65,075.44
RATE 8.990
PAI $527.37
CLTV 80.000
MATURITY 271117
FEE 0.5000
LOAN 0000021955604
LAST_NAME HAWKINS
ADDRESS 5828 E 30TH STREET
CITY INDIANAPOLI
STATE IN
ZIP 462180000
MORT $44,000.00
BAL $43,646.98
RATE 8.950
PAI $444.97
CLTV 80.000
MATURITY 121113
FEE 0.5000
LOAN 0000021955679
LAST_NAME LEACH
ADDRESS 7 MINOR LANE
CITY HARTFORD
STATE KY
ZIP 423470000
MORT $41,000.00
BAL $40,929.52
RATE 7.900
PAI $340.40
CLTV 50.122
MATURITY 180105
FEE 0.5000
LOAN 0000021955687
LAST_NAME BARTON
ADDRESS 5811 RENE COURT
CITY ATWATER
STATE CA
ZIP 953010000
MORT $29,000.00
BAL $28,853.50
RATE 9.400
PAI $373.67
CLTV 75.776
MATURITY 80128
FEE 0.5000
LOAN 0000021955737
LAST_NAME GOODPASTURE
ADDRESS 8 PLATTE COVE
CITY MAUMELLE
STATE AR
ZIP 721130000
MORT $172,800.00
BAL $172,716.77
RATE 9.600
PAI $1,465.63
CLTV 90.000
MATURITY 130115
FEE 0.5000
LOAN 0000021955786
LAST_NAME BARNES
ADDRESS 1314 KEARNEY STREET
CITY LARAMIE
STATE WY
ZIP 820700000
MORT $94,800.00
BAL $94,621.24
RATE 9.700
PAI $811.00
CLTV 80.000
MATURITY 121202
FEE 0.5000
LOAN 0000021955810
LAST_NAME ISHAM
ADDRESS 1154 S. 1100 WEST
CITY SALT LAKE C
STATE UT
ZIP 841040000
MORT $66,500.00
BAL $66,500.00
RATE 7.950
PAI $554.17
CLTV 70.000
MATURITY 180202
FEE 0.5000
LOAN 0000021955927
LAST_NAME BARTOLOMUCCI
ADDRESS 419 GRIFFIN DRIVE
CITY TUNNELL HIL
STATE GA
ZIP 307550000
MORT $93,120.00
BAL $92,577.27
RATE 8.050
PAI $781.80
CLTV 80.000
MATURITY 171117
FEE 0.5000
LOAN 0000021955943
LAST_NAME LLOYD
ADDRESS 111 S OAKLEY BLVD
CITY CHICAGO
STATE IL
ZIP 606120000
MORT $52,400.00
BAL $52,367.26
RATE 8.350
PAI $397.36
CLTV 46.785
MATURITY 130121
FEE 0.5000
LOAN 0000021955950
LAST_NAME BRACKETT
ADDRESS 1264 BELWOOD-LAWNDALE ROA
CITY LAWNDALE
STATE NC
ZIP 280900000
MORT $64,700.00
BAL $64,127.86
RATE 7.850
PAI $612.72
CLTV 76.117
MATURITY 121117
FEE 0.5000
LOAN 0000021955976
LAST_NAME BRAGG
ADDRESS 6265 NORTH 1000 EAST
CITY SHERIDAN
STATE IN
ZIP 460690000
MORT $65,000.00
BAL $64,946.40
RATE 10.350
PAI $587.31
CLTV 74.712
MATURITY 271223
FEE 0.5000
LOAN 0000021955984
LAST_NAME STAMBAUGH
ADDRESS 2910 MABURY COURT
CITY SAN JOSE
STATE CA
ZIP 951330000
MORT $242,000.00
BAL $242,000.00
RATE 8.600
PAI $1,877.95
CLTV 79.344
MATURITY 130201
FEE 0.5000
LOAN 0000021956024
LAST_NAME NAY
ADDRESS 57 H STREET
CITY ROCK SPRING
STATE WY
ZIP 829010000
MORT $31,280.00
BAL $31,121.08
RATE 9.300
PAI $401.34
CLTV 85.000
MATURITY 80120
FEE 0.5000
LOAN 0000021956040
LAST_NAME TAYLOR
ADDRESS 260 ROBINSON ROAD
CITY ESPERANCE
STATE NY
ZIP 120660000
MORT $35,100.00
BAL $34,940.95
RATE 8.990
PAI $315.58
CLTV 50.142
MATURITY 171125
FEE 0.5000
LOAN 0000021956057
LAST_NAME JILES
ADDRESS 11305 LARDET AVENUE
CITY CLEVELAND
STATE OH
ZIP 441040000
MORT $47,250.00
BAL $47,206.54
RATE 9.990
PAI $414.31
CLTV 90.000
MATURITY 121124
FEE 0.5000
LOAN 0000021956065
LAST_NAME BROWN
ADDRESS ROUTE 1 BOX 460
CITY PALMYRA
STATE VA
ZIP 229630000
MORT $67,150.00
BAL $67,150.00
RATE 8.800
PAI $595.56
CLTV 85.000
MATURITY 180201
FEE 0.5000
LOAN 0000021956107
LAST_NAME SMITH
ADDRESS 5 JACOBSTOWN-NEW EGYPT
CITY WRIGHTSTOWN
STATE NJ
ZIP 085620000
MORT $105,000.00
BAL $104,828.21
RATE 9.100
PAI $852.42
CLTV 78.947
MATURITY 280114
FEE 0.5000
LOAN 0000021956131
LAST_NAME LARDELL
ADDRESS 2114 OXFORD STREET
CITY TWINSBURG
STATE OH
ZIP 440870000
MORT $43,000.00
BAL $42,656.22
RATE 8.990
PAI $435.88
CLTV 50.588
MATURITY 121107
FEE 0.5000
LOAN 0000021956149
LAST_NAME ODORIZZI
ADDRESS 45 ROBIN ROAD
CITY CARPENTERSV
STATE IL
ZIP 601100000
MORT $80,000.00
BAL $79,914.55
RATE 8.550
PAI $617.97
CLTV 80.000
MATURITY 130121
FEE 0.5000
LOAN 0000021956172
LAST_NAME HERNDON
ADDRESS 2776 MERWYN ROAD
CITY JACKSONVILL
STATE FL
ZIP 322070000
MORT $16,500.00
BAL $16,500.00
RATE 9.900
PAI $176.31
CLTV 84.012
MATURITY 130211
FEE 0.5000
LOAN 0000021956214
LAST_NAME EAVES
ADDRESS 561 OAK DR EAST
CITY TRUSSVILLE
STATE AL
ZIP 351730000
MORT $97,750.00
BAL $97,568.62
RATE 10.900
PAI $923.52
CLTV 85.000
MATURITY 270926
FEE 0.5000
LOAN 0000021956297
LAST_NAME KEARSE
ADDRESS 4214 LIVINGSTON ROAD SE
CITY WASHINGTON
STATE DC
ZIP 200020000
MORT $72,000.00
BAL $71,932.55
RATE 9.750
PAI $618.59
CLTV 84.705
MATURITY 121202
FEE 0.5000
LOAN 0000021956305
LAST_NAME TAYLOR
ADDRESS 9014 S. COLFAX AVENUE
CITY CHICAGO
STATE IL
ZIP 606170000
MORT $69,000.00
BAL $68,966.41
RATE 9.550
PAI $582.71
CLTV 69.000
MATURITY 121229
FEE 0.5000
LOAN 0000021956313
LAST_NAME BROWNLEE
ADDRESS 2000 SHADYSIDE AVENUE
CITY SUITLAND
STATE MD
ZIP 207460000
MORT $65,500.00
BAL $65,426.67
RATE 8.900
PAI $522.32
CLTV 74.431
MATURITY 271126
FEE 0.5000
LOAN 0000021956321
LAST_NAME BUTLER
ADDRESS 3307 HAYES STREET
CITY LANHAM
STATE MD
ZIP 207060000
MORT $54,000.00
BAL $53,946.13
RATE 9.500
PAI $454.06
CLTV 43.200
MATURITY 121201
FEE 0.5000
LOAN 0000021956347
LAST_NAME YOUNG
ADDRESS 1447 SOUTH CAROLINA AVE S
CITY WASHINGTON
STATE DC
ZIP 200030000
MORT $88,000.00
BAL $87,906.46
RATE 9.150
PAI $717.59
CLTV 80.000
MATURITY 121201
FEE 0.5000
LOAN 0000021956354
LAST_NAME DEBNAM
ADDRESS 13225 E 10 TH STREET
CITY BOWIE
STATE MD
ZIP 207150000
MORT $113,400.00
BAL $113,256.12
RATE 10.250
PAI $1,016.18
CLTV 90.000
MATURITY 121126
FEE 0.5000
LOAN 0000021956362
LAST_NAME HEGE
ADDRESS 7198 SOUTHERN HILL DRIVE
CITY PFAFFTOWN
STATE NC
ZIP 270400000
MORT $101,200.00
BAL $101,032.54
RATE 8.990
PAI $813.56
CLTV 80.000
MATURITY 271112
FEE 0.5000
LOAN 0000021956370
LAST_NAME COOK
ADDRESS 1 ALBERTA STREET
CITY LUDLOW
STATE KY
ZIP 410160000
MORT $43,400.00
BAL $42,955.41
RATE 9.500
PAI $364.94
CLTV 81.886
MATURITY 121110
FEE 0.5000
LOAN 0000021956388
LAST_NAME MCCARSON
ADDRESS 2173 RIVER ROAD
CITY GREER
STATE SC
ZIP 296500000
MORT $65,000.00
BAL $64,449.92
RATE 8.350
PAI $634.38
CLTV 61.904
MATURITY 121118
FEE 0.5000
LOAN 0000021956412
LAST_NAME LAMB
ADDRESS 183 ST. CLAIR DRIVE
CITY LEESBURG
STATE GA
ZIP 317630000
MORT $88,000.00
BAL $87,890.23
RATE 10.330
PAI $793.81
CLTV 80.000
MATURITY 271014
FEE 0.5000
LOAN 0000021956487
LAST_NAME ROSS
ADDRESS 5860 HAMPTON COURT
CITY COLLEGE PAR
STATE GA
ZIP 303490000
MORT $88,000.00
BAL $87,703.20
RATE 9.450
PAI $736.74
CLTV 84.786
MATURITY 270909
FEE 0.5000
LOAN 0000021956552
LAST_NAME GUSTIN
ADDRESS 4319 S 5630 WEST
CITY WEST VALLEY
STATE UT
ZIP 841280000
MORT $22,000.00
BAL $22,000.00
RATE 9.000
PAI $223.14
CLTV 67.077
MATURITY 130201
FEE 0.5000
LOAN 0000021956636
LAST_NAME MACON
ADDRESS 1010 COLEMAN STREET
CITY RALEIGH
STATE NC
ZIP 276100000
MORT $12,800.00
BAL $12,800.00
RATE 9.250
PAI $163.88
CLTV 16.000
MATURITY 80201
FEE 0.5000
LOAN 0000021956685
LAST_NAME CARRILLO
ADDRESS 1513 CHEROKEE DRIVE
CITY ROUND LAKE
STATE IL
ZIP 600730000
MORT $101,250.00
BAL $100,969.86
RATE 9.650
PAI $953.73
CLTV 90.000
MATURITY 171224
FEE 0.5000
LOAN 0000021956693
LAST_NAME REED
ADDRESS 827 MAHLON STREET
CITY DARLINGTON
STATE SC
ZIP 295320000
MORT $99,000.00
BAL $98,963.53
RATE 10.850
PAI $931.60
CLTV 90.000
MATURITY 130126
FEE 0.5000
LOAN 0000021956784
LAST_NAME SQUIRE
ADDRESS 8997 N. PUMPKINVINE ROAD
CITY FAIRLAND
STATE IN
ZIP 461260000
MORT $72,150.00
BAL $71,924.03
RATE 7.750
PAI $679.14
CLTV 65.000
MATURITY 121230
FEE 0.5000
LOAN 0000021956842
LAST_NAME SPALLONE
ADDRESS 41 COLLINS COURT
CITY BRICK
STATE NJ
ZIP 087240000
MORT $10,000.00
BAL $10,000.00
RATE 9.400
PAI $103.82
CLTV 70.163
MATURITY 130204
FEE 0.5000
LOAN 0000021956933
LAST_NAME WARD
ADDRESS 110 CALHOUN STREET
CITY JOHNSTON
STATE SC
ZIP 298320000
MORT $72,000.00
BAL $71,604.24
RATE 7.900
PAI $869.76
CLTV 63.157
MATURITY 80105
FEE 0.5000
LOAN 0000021956982
LAST_NAME SMITH
ADDRESS 8513 NEPTUNE DRIVE
CITY CINCINNATI
STATE OH
ZIP 452310000
MORT $62,100.00
BAL $62,072.52
RATE 10.000
PAI $544.98
CLTV 90.000
MATURITY 130106
FEE 0.5000
LOAN 0000021956990
LAST_NAME BOND
ADDRESS 2309 MILTON
CITY NASHVILLE
STATE TN
ZIP 372160000
MORT $87,200.00
BAL $86,779.54
RATE 8.500
PAI $756.75
CLTV 80.000
MATURITY 171112
FEE 0.5000
LOAN 0000021957121
LAST_NAME ROSENBAUM
ADDRESS 4108 VIRGINIA AVENUE
CITY ROCKFORD
STATE IL
ZIP 611010000
MORT $49,600.00
BAL $49,354.56
RATE 8.620
PAI $434.22
CLTV 80.000
MATURITY 171117
FEE 0.5000
LOAN 0000021957139
LAST_NAME LOPEZ
ADDRESS 2138 N. LAWNDALE AVENUE
CITY CHICAGO
STATE IL
ZIP 606470000
MORT $134,100.00
BAL $134,038.75
RATE 9.850
PAI $1,161.99
CLTV 90.000
MATURITY 280125
FEE 0.5000
LOAN 0000021957162
LAST_NAME BUSCH
ADDRESS 606 11TH AVENUE
CITY UNION GROVE
STATE WI
ZIP 531820000
MORT $73,000.00
BAL $72,924.01
RATE 9.250
PAI $600.56
CLTV 76.842
MATURITY 121124
FEE 0.5000
LOAN 0000021957170
LAST_NAME MICHAEL
ADDRESS 208 WHITETHORNE AVENUE
CITY COLUMBUS
STATE OH
ZIP 432230000
MORT $55,950.00
BAL $55,877.47
RATE 8.250
PAI $420.34
CLTV 83.507
MATURITY 121127
FEE 0.5000
LOAN 0000021957196
LAST_NAME PARKS
ADDRESS 5516 HERITAGE WOODS LANE
CITY LEGRANGE
STATE NC
ZIP 285510000
MORT $50,000.00
BAL $49,551.55
RATE 10.990
PAI $567.99
CLTV 83.333
MATURITY 121021
FEE 0.5000
LOAN 0000021957204
LAST_NAME JOHNSON
ADDRESS 61 PINEY TRAIL
CITY CABOT
STATE AR
ZIP 720230000
MORT $105,120.00
BAL $105,071.47
RATE 9.800
PAI $907.01
CLTV 90.000
MATURITY 280113
FEE 0.5000
LOAN 0000021957220
LAST_NAME COPELAND
ADDRESS 5108 ALTRIM ROAD
CITY DAYTON
STATE OH
ZIP 454180000
MORT $40,000.00
BAL $39,707.78
RATE 9.990
PAI $429.60
CLTV 72.727
MATURITY 121124
FEE 0.5000
LOAN 0000021957253
LAST_NAME ROBERTSON
ADDRESS 5469 SAND AVENUE
CITY PORTAGE
STATE IN
ZIP 463680000
MORT $97,200.00
BAL $96,757.31
RATE 8.950
PAI $871.42
CLTV 79.934
MATURITY 171118
FEE 0.5000
LOAN 0000021957287
LAST_NAME NEITZEL
ADDRESS 4742 W CAVEN STREET
CITY INDIANAPOLI
STATE IN
ZIP 462410000
MORT $47,600.00
BAL $47,236.45
RATE 9.500
PAI $497.06
CLTV 85.000
MATURITY 121118
FEE 0.5000
LOAN 0000021957311
LAST_NAME NORTON
ADDRESS 142 WHITE PINE DRIVE
CITY ASHEVILLE
STATE NC
ZIP 288050000
MORT $71,920.00
BAL $71,820.17
RATE 7.850
PAI $520.23
CLTV 80.000
MATURITY 121203
FEE 0.5000
LOAN 0000021957329
LAST_NAME JENSEN
ADDRESS 358 SPRING GROVE AVENUE
CITY TOLEDO
STATE OH
ZIP 436050000
MORT $30,000.00
BAL $29,918.50
RATE 8.750
PAI $265.12
CLTV 81.081
MATURITY 180127
FEE 0.5000
LOAN 0000021957337
LAST_NAME BARBEE
ADDRESS 4542 E. 126TH STREET
CITY GARFIELD
STATE OH
ZIP 441050000
MORT $48,000.00
BAL $47,967.46
RATE 7.950
PAI $350.54
CLTV 80.000
MATURITY 130113
FEE 0.5000
LOAN 0000021957402
LAST_NAME DESFOSSES
ADDRESS 64 FIRST AVENUE
CITY WOONSOCKET
STATE RI
ZIP 028950000
MORT $39,000.00
BAL $38,959.39
RATE 9.250
PAI $320.85
CLTV 55.714
MATURITY 121218
FEE 0.5000
LOAN 0000021957436
LAST_NAME STINSON, SR
ADDRESS 99 BEARTOWN ROAD
CITY JAYESS
STATE MS
ZIP 396410000
MORT $69,700.00
BAL $69,600.83
RATE 9.400
PAI $645.15
CLTV 85.000
MATURITY 171222
FEE 0.5000
LOAN 0000021957543
LAST_NAME MCILHARGY
ADDRESS 143 PINEVIEW AVENUE
CITY BARDONIA
STATE NY
ZIP 109540000
MORT $70,000.00
BAL $70,000.00
RATE 8.300
PAI $598.65
CLTV 72.638
MATURITY 180203
FEE 0.5000
LOAN 0000021957592
LAST_NAME SIEGFRIED
ADDRESS 102 BIRCH STREET
CITY LODI
STATE OH
ZIP 442540000
MORT $108,000.00
BAL $107,881.32
RATE 8.990
PAI $868.22
CLTV 80.000
MATURITY 271125
FEE 0.5000
LOAN 0000021957626
LAST_NAME SMITH
ADDRESS 2678 TEMPERENCE HALL RD
CITY RINGGOLD
STATE GA
ZIP 307360000
MORT $54,500.00
BAL $54,433.64
RATE 10.600
PAI $547.78
CLTV 83.846
MATURITY 171229
FEE 0.5000
LOAN 0000021957717
LAST_NAME KURONYA
ADDRESS 917 WEBER DRIVE
CITY YARDLEY
STATE PA
ZIP 190670000
MORT $204,000.00
BAL $203,876.23
RATE 8.500
PAI $1,568.58
CLTV 80.000
MATURITY 280101
FEE 0.5000
LOAN 0000021957733
LAST_NAME PUTNAM
ADDRESS 11150 BROWNSTONE DRIVE
CITY PARKER
STATE CO
ZIP 801380000
MORT $40,000.00
BAL $40,000.00
RATE 9.050
PAI $406.90
CLTV 58.048
MATURITY 130224
FEE 0.5000
LOAN 0000021957766
LAST_NAME SPEIGHT
ADDRESS 1847 LEXINGTON
CITY INKSTER
STATE MI
ZIP 481410000
MORT $50,150.00
BAL $49,977.24
RATE 10.150
PAI $445.68
CLTV 85.000
MATURITY 130120
FEE 0.5000
LOAN 0000021957840
LAST_NAME REED
ADDRESS 729 PUTNAM STREET
CITY FINDLAY
STATE OH
ZIP 458400000
MORT $58,400.00
BAL $58,297.70
RATE 8.900
PAI $465.71
CLTV 80.000
MATURITY 121117
FEE 0.5000
LOAN 0000021957881
LAST_NAME LAZARIDES
ADDRESS 9806 SARDIS OAKS ROAD
CITY CHARLOTTE
STATE NC
ZIP 282700000
MORT $68,000.00
BAL $67,862.20
RATE 8.000
PAI $498.96
CLTV 68.000
MATURITY 121101
FEE 0.5000
LOAN 0000021957964
LAST_NAME RICHMOND
ADDRESS 1692 ELEVATION ROAD
CITY FOUR OAKS
STATE NC
ZIP 275240000
MORT $119,920.00
BAL $119,580.59
RATE 8.900
PAI $956.29
CLTV 80.000
MATURITY 121001
FEE 0.5000
LOAN 0000021958012
LAST_NAME MALONE
ADDRESS 1528 SHELLY DRIVE
CITY DAYTON
STATE OH
ZIP 454060000
MORT $38,400.00
BAL $38,336.46
RATE 8.990
PAI $308.70
CLTV 80.000
MATURITY 121119
FEE 0.5000
LOAN 0000021958079
LAST_NAME FEENEY
ADDRESS 1602 SOLES STREET
CITY MCKEESPORT
STATE PA
ZIP 151320000
MORT $11,200.00
BAL $11,159.47
RATE 10.740
PAI $113.63
CLTV 65.882
MATURITY 171101
FEE 0.5000
LOAN 0000021958129
LAST_NAME ARNOLD
ADDRESS 888 DAN STREET
CITY AKRON
STATE OH
ZIP 443100000
MORT $48,000.00
BAL $47,954.56
RATE 9.700
PAI $410.63
CLTV 80.000
MATURITY 271201
FEE 0.5000
LOAN 0000021958160
LAST_NAME KNOWSKI
ADDRESS 2300 W ILES AVENUE
CITY SPRINGFIELD
STATE IL
ZIP 627040000
MORT $74,000.00
BAL $73,591.29
RATE 8.550
PAI $730.88
CLTV 66.071
MATURITY 121224
FEE 0.5000
LOAN 0000021958178
LAST_NAME ZACHERY
ADDRESS 3566 HIGHWOOD DRIVE
CITY ATLANTA
STATE GA
ZIP 303310000
MORT $31,300.00
BAL $31,178.18
RATE 12.350
PAI $382.73
CLTV 66.695
MATURITY 121121
FEE 0.5000
LOAN 0000021958186
LAST_NAME CASTLE
ADDRESS 7246 S PRINCETON
CITY CHICAGO
STATE IL
ZIP 606210000
MORT $50,000.00
BAL $49,749.23
RATE 10.500
PAI $457.37
CLTV 66.666
MATURITY 271124
FEE 0.5000
LOAN 0000021958194
LAST_NAME STEARNS
ADDRESS 5218 GARNER STREET
CITY SPRINGFIELD
STATE VA
ZIP 221510000
MORT $70,000.00
BAL $69,706.09
RATE 11.550
PAI $819.96
CLTV 65.956
MATURITY 121201
FEE 0.5000
LOAN 0000021958202
LAST_NAME BOHANNON
ADDRESS 4037 CORNELL AVENUE SW
CITY ATLANTA
STATE GA
ZIP 303310000
MORT $66,400.00
BAL $65,815.57
RATE 8.900
PAI $669.53
CLTV 80.000
MATURITY 121117
FEE 0.5000
LOAN 0000021958210
LAST_NAME CLARK
ADDRESS 618 HIDDEN VALLEY ROAD
CITY WILMINGTON
STATE NC
ZIP 284090000
MORT $80,000.00
BAL $79,360.41
RATE 8.990
PAI $810.94
CLTV 64.000
MATURITY 121118
FEE 0.5000
LOAN 0000021958269
LAST_NAME BUTLER
ADDRESS 179 EAST MAIN STREET
CITY SHEFFIELD
STATE MA
ZIP 012220000
MORT $64,000.00
BAL $63,963.55
RATE 8.800
PAI $505.78
CLTV 80.000
MATURITY 280107
FEE 0.5000
LOAN 0000021958335
LAST_NAME HANSOM
ADDRESS 1115 CLIFTON STREET N.W.
CITY WASHINGTON
STATE DC
ZIP 200090000
MORT $60,000.00
BAL $59,906.94
RATE 9.300
PAI $495.78
CLTV 50.000
MATURITY 271118
FEE 0.5000
LOAN 0000021958343
LAST_NAME WRIGHT
ADDRESS 6921 W LANCASTER ROAD
CITY PEORIA
STATE IL
ZIP 616070000
MORT $114,400.00
BAL $114,400.00
RATE 8.550
PAI $883.70
CLTV 80.000
MATURITY 130127
FEE 0.5000
LOAN 0000021958384
LAST_NAME GUY
ADDRESS 104 S WOLFE STREET
CITY BALTIMORE
STATE MD
ZIP 212310000
MORT $19,000.00
BAL $18,917.22
RATE 9.300
PAI $174.63
CLTV 32.758
MATURITY 171117
FEE 0.5000
LOAN 0000021958459
LAST_NAME BROUGHTON
ADDRESS 821 MARIETTA PLACE N.W.
CITY WASHINGTON
STATE DC
ZIP 200110000
MORT $53,000.00
BAL $52,707.34
RATE 12.990
PAI $670.23
CLTV 43.089
MATURITY 121119
FEE 0.5000
LOAN 0000021958483
LAST_NAME LARUE
ADDRESS 5101 WHITNEY STREET
CITY MONTAGUE
STATE MI
ZIP 494370000
MORT $15,350.00
BAL $15,350.00
RATE 10.150
PAI $166.37
CLTV 84.978
MATURITY 130206
FEE 0.5000
LOAN 0000021958517
LAST_NAME RANDOLPH
ADDRESS 137-70 SOUTHGATE STREET
CITY SPRINGFIELD
STATE NY
ZIP 114130000
MORT $35,000.00
BAL $34,656.67
RATE 9.990
PAI $462.33
CLTV 20.588
MATURITY 71216
FEE 0.5000
LOAN 0000021958566
LAST_NAME INGRAM
ADDRESS 4836 PARK HEIGHTS
CITY BALTIMORE
STATE MD
ZIP 212150000
MORT $48,000.00
BAL $48,000.00
RATE 9.550
PAI $405.36
CLTV 73.846
MATURITY 130203
FEE 0.5000
LOAN 0000021958608
LAST_NAME MCFARLAND
ADDRESS 2362 DEER PASS WAY
CITY DECATUR
STATE GA
ZIP 300350000
MORT $54,600.00
BAL $54,174.59
RATE 9.300
PAI $563.58
CLTV 68.250
MATURITY 121124
FEE 0.5000
LOAN 0000021958673
LAST_NAME WELLS
ADDRESS 604 JACKSON
CITY EVANSVILLE
STATE IN
ZIP 477130000
MORT $24,000.00
BAL $23,944.70
RATE 10.500
PAI $265.30
CLTV 77.419
MATURITY 130101
FEE 0.5000
LOAN 0000021958699
LAST_NAME BROWN
ADDRESS 815 E 41ST STREET
CITY BALTIMORE
STATE MD
ZIP 212180000
MORT $48,000.00
BAL $47,790.87
RATE 9.300
PAI $441.17
CLTV 80.000
MATURITY 171119
FEE 0.5000
LOAN 0000021958707
LAST_NAME MONTALTO
ADDRESS 2185 W MCDOWELL BLVD
CITY APACHE JUNC
STATE AZ
ZIP 852200000
MORT $15,950.00
BAL $15,827.90
RATE 9.950
PAI $170.92
CLTV 80.000
MATURITY 130113
FEE 0.5000
LOAN 0000021958715
LAST_NAME SHAPLAND
ADDRESS 458 BAXTER ROAD
CITY COMMERCE
STATE GA
ZIP 305290000
MORT $40,000.00
BAL $39,260.90
RATE 12.350
PAI $489.11
CLTV 79.314
MATURITY 121223
FEE 0.5000
LOAN 0000021958749
LAST_NAME DICOLA
ADDRESS 2364 OCTAVIA DRIVE SOUTH
CITY MOBILE
STATE AL
ZIP 366050000
MORT $36,000.00
BAL $35,495.00
RATE 8.850
PAI $453.12
CLTV 80.000
MATURITY 80203
FEE 0.5000
LOAN 0000021958913
LAST_NAME DEETER
ADDRESS 1131 A MILO CIRCLE
CITY LAFAYETTE
STATE CO
ZIP 800260000
MORT $93,600.00
BAL $93,600.00
RATE 8.950
PAI $749.77
CLTV 90.000
MATURITY 280209
FEE 0.5000
LOAN 0000021958921
LAST_NAME MURDOCK
ADDRESS 48 HILL CIRCLE
CITY EVERGREEN
STATE CO
ZIP 804390000
MORT $156,000.00
BAL $155,918.27
RATE 9.200
PAI $1,277.73
CLTV 80.000
MATURITY 280101
FEE 0.5000
LOAN 0000021959036
LAST_NAME FULSON
ADDRESS 519 SHEFFIELD AVENUE
CITY BROOKLYN
STATE NY
ZIP 112070000
MORT $160,000.00
BAL $159,942.82
RATE 10.990
PAI $1,522.51
CLTV 80.000
MATURITY 271216
FEE 0.5000
LOAN 0000021959051
LAST_NAME SIBRAVA
ADDRESS 4741 N DOVER
CITY CHICAGO
STATE IL
ZIP 606400000
MORT $50,000.00
BAL $50,000.00
RATE 9.250
PAI $514.60
CLTV 72.832
MATURITY 130211
FEE 0.5000
LOAN 0000021959085
LAST_NAME NELSON
ADDRESS 50 LONGFELLOW ROAD
CITY READING
STATE MA
ZIP 018670000
MORT $193,600.00
BAL $193,362.16
RATE 8.450
PAI $1,481.77
CLTV 80.000
MATURITY 271222
FEE 0.5000
LOAN 0000021959101
LAST_NAME EVANS
ADDRESS 2304 S. HIDDEN GLEN STREE
CITY FARMINGTON
STATE NM
ZIP 874010000
MORT $69,800.00
BAL $69,618.84
RATE 9.200
PAI $716.29
CLTV 84.781
MATURITY 130112
FEE 0.5000
LOAN 0000021959143
LAST_NAME LARRISON
ADDRESS 320 N. ADAMS STREET
CITY ENID
STATE OK
ZIP 737010000
MORT $57,600.00
BAL $57,301.50
RATE 8.950
PAI $728.10
CLTV 90.000
MATURITY 80116
FEE 0.5000
LOAN 0000021959176
LAST_NAME MENICHINO
ADDRESS 919 WHITE BIRCH LANE
CITY HEMPSTEAD
STATE NY
ZIP 117930000
MORT $156,000.00
BAL $155,578.36
RATE 8.750
PAI $1,559.14
CLTV 80.000
MATURITY 121222
FEE 0.5000
LOAN 0000021959218
LAST_NAME EVANS
ADDRESS 3312 CRESCENT AVENUE
CITY FARMINGTON
STATE NM
ZIP 874010000
MORT $57,400.00
BAL $57,239.91
RATE 8.400
PAI $561.89
CLTV 70.000
MATURITY 130112
FEE 0.5000
LOAN 0000021959275
LAST_NAME STOKES
ADDRESS 1736 CALLE DE SUENOS
CITY LAS CRUCES
STATE NM
ZIP 880010000
MORT $43,350.00
BAL $43,350.00
RATE 8.050
PAI $527.11
CLTV 85.000
MATURITY 80202
FEE 0.5000
LOAN 0000021959283
LAST_NAME BESSLER
ADDRESS HCR 70 BOX 377
CITY LAKE GEORGE
STATE MN
ZIP 564580000
MORT $61,600.00
BAL $61,566.70
RATE 9.050
PAI $497.87
CLTV 80.000
MATURITY 280120
FEE 0.5000
LOAN 0000021959291
LAST_NAME COCOZZA
ADDRESS 305 KNEELAND AVENUE
CITY YONKERS
STATE NY
ZIP 107040000
MORT $222,400.00
BAL $222,200.29
RATE 9.950
PAI $1,943.51
CLTV 80.000
MATURITY 121217
FEE 0.5000
LOAN 0000021959309
LAST_NAME DAVIS
ADDRESS 1214 BAYSHORE BLVD.
CITY INDIAN ROCK
STATE FL
ZIP 337850000
MORT $50,000.00
BAL $49,921.74
RATE 8.650
PAI $438.68
CLTV 62.500
MATURITY 180101
FEE 0.5000
LOAN 0000021959317
LAST_NAME HERNANDEZ
ADDRESS 43 ROSE STREET
CITY SMITHTOWN
STATE NY
ZIP 117870000
MORT $166,500.00
BAL $166,298.10
RATE 9.500
PAI $1,400.03
CLTV 90.000
MATURITY 280106
FEE 0.5000
LOAN 0000021959325
LAST_NAME DREAS
ADDRESS 8326 WEST CHESTER DRIVE
CITY VIENNA
STATE VA
ZIP 221820000
MORT $28,450.00
BAL $28,350.37
RATE 10.990
PAI $293.46
CLTV 84.712
MATURITY 171128
FEE 0.5000
LOAN 0000021959341
LAST_NAME ISHAM
ADDRESS 2356 W. BONANZA COURT
CITY SOUTH JORDA
STATE UT
ZIP 840950000
MORT $30,000.00
BAL $30,000.00
RATE 8.850
PAI $267.04
CLTV 79.687
MATURITY 180119
FEE 0.5000
LOAN 0000021959507
LAST_NAME KARL
ADDRESS 2031 NEW BEDFORD ROAD
CITY SPRING LAKE
STATE NJ
ZIP 077620000
MORT $112,400.00
BAL $112,274.76
RATE 7.700
PAI $1,019.93
CLTV 57.641
MATURITY 140114
FEE 0.5000
LOAN 0000021959606
LAST_NAME ROBB
ADDRESS 467 COLONIAL ROAD
CITY BELLMAWR
STATE NJ
ZIP 080310000
MORT $72,000.00
BAL $71,769.53
RATE 8.500
PAI $624.83
CLTV 80.000
MATURITY 171224
FEE 0.5000
LOAN 0000021959614
LAST_NAME PICKENS
ADDRESS 1880 RUSSELL ROAD
CITY MUSKEGON
STATE MI
ZIP 494450000
MORT $40,000.00
BAL $39,979.90
RATE 9.400
PAI $333.43
CLTV 57.142
MATURITY 280123
FEE 0.5000
LOAN 0000021959655
LAST_NAME CUNNINGHAM
ADDRESS 507 SQUIRES AVENUE
CITY ENDICOTT
STATE NY
ZIP 137600000
MORT $45,000.00
BAL $45,000.00
RATE 8.500
PAI $443.14
CLTV 69.230
MATURITY 130211
FEE 0.5000
LOAN 0000021959713
LAST_NAME O'CONNELL
ADDRESS 410 PEQUOT AVENUE
CITY WARWICK
STATE RI
ZIP 028860000
MORT $58,000.00
BAL $57,656.55
RATE 9.050
PAI $468.77
CLTV 68.235
MATURITY 271219
FEE 0.5000
LOAN 0000021959747
LAST_NAME FLEEMAN
ADDRESS 232 HERRELL DR.
CITY TAZEWELL
STATE TN
ZIP 378790000
MORT $81,000.00
BAL $80,940.05
RATE 10.850
PAI $762.22
CLTV 90.000
MATURITY 271201
FEE 0.5000
LOAN 0000021959754
LAST_NAME O'CONNELL
ADDRESS 87-91 POND STREET
CITY WEST WARWIC
STATE RI
ZIP 028930000
MORT $65,000.00
BAL $64,409.94
RATE 9.050
PAI $525.35
CLTV 65.000
MATURITY 271219
FEE 0.5000
LOAN 0000021959796
LAST_NAME VILLEGAS
ADDRESS 80 ELLERY STREET
CITY BRENTWOOD
STATE NY
ZIP 117170000
MORT $121,500.00
BAL $121,463.26
RATE 11.750
PAI $1,226.43
CLTV 90.000
MATURITY 271222
FEE 0.5000
LOAN 0000021959812
LAST_NAME GALVEZ
ADDRESS 41 SHERWOOD AVENUE
CITY DANVERS
STATE MA
ZIP 019230000
MORT $25,300.00
BAL $25,300.00
RATE 10.000
PAI $271.88
CLTV 83.301
MATURITY 130218
FEE 0.5000
LOAN 0000021959861
LAST_NAME GRAY
ADDRESS 57 OLD NEWNAN ROAD
CITY TOWN OF TUR
STATE GA
ZIP 302630000
MORT $36,500.00
BAL $36,500.00
RATE 7.900
PAI $303.04
CLTV 73.000
MATURITY 180219
FEE 0.5000
LOAN 0000021959929
LAST_NAME KRUPANSKY
ADDRESS 120 SPRUCE STREET
CITY ELYRIA
STATE OH
ZIP 440350000
MORT $55,200.00
BAL $55,155.93
RATE 10.500
PAI $504.94
CLTV 80.000
MATURITY 271210
FEE 0.5000
LOAN 0000021959937
LAST_NAME MOORE
ADDRESS 714 FIFTEENTH AVE
CITY MIDDLETOWN
STATE OH
ZIP 450440000
MORT $23,000.00
BAL $22,959.47
RATE 7.700
PAI $188.11
CLTV 45.098
MATURITY 180122
FEE 0.5000
LOAN 0000021959952
LAST_NAME ANNIS
ADDRESS 1423 STOVALL STREET
CITY AUGUSTA
STATE GA
ZIP 309040000
MORT $83,200.00
BAL $83,094.43
RATE 10.250
PAI $745.56
CLTV 73.628
MATURITY 271201
FEE 0.5000
LOAN 0000021959960
LAST_NAME HARRIS
ADDRESS 3934 NORFOLK AVE
CITY BALTIMORE
STATE MD
ZIP 212160000
MORT $45,000.00
BAL $44,315.28
RATE 8.590
PAI $445.51
CLTV 57.692
MATURITY 121202
FEE 0.5000
LOAN 0000021959978
LAST_NAME BURKE
ADDRESS 23576 FETTERLY TOWN ROAD
CITY BROWNVILLE
STATE NY
ZIP 136340000
MORT $56,700.00
BAL $56,620.36
RATE 9.500
PAI $528.52
CLTV 90.000
MATURITY 180202
FEE 0.5000
LOAN 0000021959986
LAST_NAME HENSLEY
ADDRESS 412 W FRANKLIN ST
CITY BRIDGEPORT
STATE IL
ZIP 624170000
MORT $33,000.00
BAL $32,750.23
RATE 11.550
PAI $386.55
CLTV 68.181
MATURITY 121202
FEE 0.5000
LOAN 0000021960000
LAST_NAME YOO
ADDRESS 6160 RACHEL RIDGE
CITY NORCROSS
STATE GA
ZIP 300920000
MORT $50,000.00
BAL $50,000.00
RATE 10.050
PAI $1,063.59
CLTV 63.962
MATURITY 30223
FEE 0.5000
LOAN 0000021960018
LAST_NAME JOHNSON
ADDRESS 1755 OLIVIA ROAD
CITY KINSTON
STATE NC
ZIP 285010000
MORT $56,000.00
BAL $56,000.00
RATE 9.850
PAI $485.24
CLTV 83.582
MATURITY 280201
FEE 0.5000
LOAN 0000021960075
LAST_NAME GARNER
ADDRESS 2973 BOLIVER ROAD
CITY FORT VALLEY
STATE VA
ZIP 226520000
MORT $28,500.00
BAL $28,500.00
RATE 9.300
PAI $294.18
CLTV 76.196
MATURITY 130223
FEE 0.5000
LOAN 0000021960117
LAST_NAME GILMORE
ADDRESS 23001 SOUTH VIA DEL ARROY
CITY QUEEN CREEK
STATE AZ
ZIP 852420000
MORT $75,518.00
BAL $74,961.27
RATE 9.890
PAI $806.45
CLTV 79.957
MATURITY 121119
FEE 0.5000
LOAN 0000021960125
LAST_NAME JONES
ADDRESS 2023 SE SAVANNAH PLACE
CITY WASHINGTON
STATE DC
ZIP 200200000
MORT $10,000.00
BAL $10,000.00
RATE 9.450
PAI $129.13
CLTV 72.647
MATURITY 80216
FEE 0.5000
LOAN 0000021960141
LAST_NAME PAYNE
ADDRESS 2651 S. 135TH EAST AVENUE
CITY TULSA
STATE OK
ZIP 741340000
MORT $17,000.00
BAL $17,000.00
RATE 9.150
PAI $354.14
CLTV 58.590
MATURITY 30206
FEE 0.5000
LOAN 0000021960158
LAST_NAME HAYES
ADDRESS 14541 SOUTH ALBANY
CITY POSEN
STATE IL
ZIP 604690000
MORT $26,400.00
BAL $26,201.10
RATE 9.650
PAI $278.07
CLTV 79.598
MATURITY 121126
FEE 0.5000
LOAN 0000021960166
LAST_NAME CADE
ADDRESS 6970 COKESBURY ROAD
CITY HOLLY SPRIN
STATE NC
ZIP 275400000
MORT $27,000.00
BAL $26,717.25
RATE 8.950
PAI $242.06
CLTV 31.764
MATURITY 180122
FEE 0.5000
LOAN 0000021960190
LAST_NAME BATES
ADDRESS 4000 OSTER DRIVE
CITY COHUTTA
STATE GA
ZIP 307100000
MORT $10,000.00
BAL $10,000.00
RATE 9.900
PAI $131.60
CLTV 82.795
MATURITY 80203
FEE 0.5000
LOAN 0000021960216
LAST_NAME MURPHY
ADDRESS 38 BURLINGTON AVE
CITY LEONARDO
STATE NJ
ZIP 077370000
MORT $153,500.00
BAL $153,006.90
RATE 9.250
PAI $1,405.86
CLTV 74.154
MATURITY 171229
FEE 0.5000
LOAN 0000021960224
LAST_NAME LEAZIER
ADDRESS 30537 LEMOYNE ROAD
CITY WALBRIDGE
STATE OH
ZIP 434650000
MORT $180,000.00
BAL $179,820.34
RATE 9.450
PAI $1,506.98
CLTV 80.000
MATURITY 121129
FEE 0.5000
LOAN 0000021960232
LAST_NAME POLLOCK
ADDRESS 1430 JAMIE LANE
CITY CASSELBERRY
STATE FL
ZIP 327070000
MORT $188,000.00
BAL $187,408.66
RATE 8.640
PAI $1,648.21
CLTV 80.000
MATURITY 171126
FEE 0.5000
LOAN 0000021960265
LAST_NAME STEPHENS
ADDRESS 615 CLAY STREET
CITY NILES
STATE OH
ZIP 444460000
MORT $68,400.00
BAL $68,346.44
RATE 10.590
PAI $630.29
CLTV 90.000
MATURITY 121128
FEE 0.5000
LOAN 0000021960281
LAST_NAME DEVINE
ADDRESS 9514 RENO AVENUE
CITY CLEVELAND
STATE OH
ZIP 441050000
MORT $54,400.00
BAL $54,153.48
RATE 8.990
PAI $489.11
CLTV 80.000
MATURITY 171201
FEE 0.5000
LOAN 0000021960299
LAST_NAME TAYLOR
ADDRESS 626 N. MAIN STREET
CITY NEW CASTLE
STATE IN
ZIP 473620000
MORT $59,500.00
BAL $59,440.86
RATE 9.490
PAI $499.88
CLTV 83.216
MATURITY 121124
FEE 0.5000
LOAN 0000021960331
LAST_NAME RICKARD
ADDRESS 3712 BAMBERGER
CITY ST. LOUIS
STATE MO
ZIP 631160000
MORT $27,300.00
BAL $27,243.15
RATE 10.990
PAI $259.78
CLTV 71.842
MATURITY 121202
FEE 0.5000
LOAN 0000021960356
LAST_NAME HOOPS
ADDRESS 3708 WATSON AVENUE
CITY TOLEDO
STATE OH
ZIP 436120000
MORT $44,000.00
BAL $43,927.19
RATE 8.990
PAI $353.72
CLTV 74.576
MATURITY 121203
FEE 0.5000
LOAN 0000021960364
LAST_NAME HAMM
ADDRESS 15326 CARLISLE ROAD
CITY CRITTENDEN
STATE KY
ZIP 410300000
MORT $68,000.00
BAL $67,951.17
RATE 10.990
PAI $647.07
CLTV 80.000
MATURITY 121126
FEE 0.5000
LOAN 0000021960372
LAST_NAME JOHNSON
ADDRESS 14738 SOUTH HONORE
CITY HARVEY
STATE IL
ZIP 609260000
MORT $54,900.00
BAL $54,833.81
RATE 10.490
PAI $501.79
CLTV 90.000
MATURITY 121101
FEE 0.5000
LOAN 0000021960398
LAST_NAME POTTS
ADDRESS 2152 41ST ROAD
CITY SHERIDAN
STATE IL
ZIP 605540000
MORT $129,000.00
BAL $128,948.73
RATE 10.500
PAI $1,180.02
CLTV 77.477
MATURITY 130123
FEE 0.5000
LOAN 0000021960497
LAST_NAME WRIGHT
ADDRESS 922 W 29TH
CITY INDIANAPOLI
STATE IN
ZIP 462080000
MORT $41,000.00
BAL $40,802.43
RATE 8.500
PAI $355.81
CLTV 74.545
MATURITY 171124
FEE 0.5000
LOAN 0000021960562
LAST_NAME LANNA
ADDRESS 9 BINGHAMPTON AVENUE
CITY JOHNSTON
STATE RI
ZIP 029190000
MORT $31,000.00
BAL $30,838.48
RATE 9.200
PAI $318.12
CLTV 38.750
MATURITY 121224
FEE 0.5000
LOAN 0000021960570
LAST_NAME PITRELLI
ADDRESS 1402 GLIDDEN CIRCLE
CITY EVANS
STATE NY
ZIP 140470000
MORT $68,800.00
BAL $68,769.24
RATE 9.950
PAI $601.23
CLTV 80.000
MATURITY 121223
FEE 0.5000
LOAN 0000021960588
LAST_NAME LANG
ADDRESS 2709 CHELSEA WOODS CT
CITY LEXINGTON
STATE KY
ZIP 405090000
MORT $50,500.00
BAL $49,935.67
RATE 8.500
PAI $497.30
CLTV 72.142
MATURITY 121124
FEE 0.5000
LOAN 0000021960612
LAST_NAME RIESENBECK
ADDRESS 3459 EYRICH ROAD
CITY CINCINNATI
STATE OH
ZIP 452480000
MORT $72,000.00
BAL $71,910.63
RATE 8.400
PAI $548.53
CLTV 80.000
MATURITY 121201
FEE 0.5000
LOAN 0000021960646
LAST_NAME ZAPPA
ADDRESS 212 FAR HILLS DRIVE
CITY BOLINGBROOK
STATE IL
ZIP 604400000
MORT $82,500.00
BAL $82,409.52
RATE 9.000
PAI $663.82
CLTV 79.326
MATURITY 271202
FEE 0.5000
LOAN 0000021960661
LAST_NAME CROFTON
ADDRESS 1331 NE 1ST TERRACE
CITY CAPE CORAL
STATE FL
ZIP 339090000
MORT $71,000.00
BAL $70,941.46
RATE 10.350
PAI $641.52
CLTV 89.930
MATURITY 121205
FEE 0.5000
LOAN 0000021960679
LAST_NAME LARINO
ADDRESS 36-16 211TH STREET
CITY BAYSIDE
STATE NY
ZIP 113610000
MORT $200,000.00
BAL $197,527.60
RATE 8.625
PAI $1,984.16
CLTV 57.142
MATURITY 120901
FEE 0.5000
LOAN 0000021960687
LAST_NAME SHELLEY
ADDRESS 8561 PARK STREET
CITY COLDEN
STATE NY
ZIP 140330000
MORT $109,000.00
BAL $108,940.21
RATE 9.250
PAI $896.72
CLTV 71.710
MATURITY 121223
FEE 0.5000
LOAN 0000021960729
LAST_NAME FRENDER
ADDRESS 25 NORTH MAIN STREET
CITY VOORHEESVIL
STATE NY
ZIP 121860000
MORT $74,000.00
BAL $73,813.10
RATE 9.500
PAI $772.73
CLTV 77.894
MATURITY 121229
FEE 0.5000
LOAN 0000021960745
LAST_NAME BASALYGA
ADDRESS 936 GARFIELD STREET
CITY PEEKSKILL
STATE NY
ZIP 105660000
MORT $33,000.00
BAL $32,939.03
RATE 9.990
PAI $289.35
CLTV 66.236
MATURITY 121101
FEE 0.5000
LOAN 0000021960802
LAST_NAME ADDISON
ADDRESS 364 FURMAN LANE
CITY LADSON
STATE SC
ZIP 294560000
MORT $13,970.00
BAL $13,970.00
RATE 9.900
PAI $149.27
CLTV 84.142
MATURITY 130210
FEE 0.5000
LOAN 0000021960844
LAST_NAME HARTMAN
ADDRESS 9765 W 77TH DRIVE
CITY ARVADA
STATE CO
ZIP 800050000
MORT $35,700.00
BAL $35,172.50
RATE 9.990
PAI $471.58
CLTV 79.897
MATURITY 71119
FEE 0.5000
LOAN 0000021960869
LAST_NAME EISEMAN
ADDRESS 88 ARNOLD ROAD
CITY PELHAM
STATE MA
ZIP 010020000
MORT $46,450.00
BAL $46,287.31
RATE 10.990
PAI $479.14
CLTV 84.668
MATURITY 171118
FEE 0.5000
LOAN 0000021960885
LAST_NAME FOX
ADDRESS W20772 STATE HWY 95
CITY ARCADIA
STATE WI
ZIP 546120000
MORT $80,100.00
BAL $80,047.99
RATE 11.450
PAI $790.17
CLTV 90.000
MATURITY 121201
FEE 0.5000
LOAN 0000021960893
LAST_NAME MCREDDIE
ADDRESS 20 HIX AVENUE
CITY RYE
STATE NY
ZIP 105800000
MORT $58,350.00
BAL $57,918.27
RATE 9.850
PAI $621.69
CLTV 65.657
MATURITY 121120
FEE 0.5000
LOAN 0000021960927
LAST_NAME SCHAFFER
ADDRESS 2214 MARLOWE DRIVE
CITY DURHAM
STATE NC
ZIP 277050000
MORT $23,000.00
BAL $23,000.00
RATE 9.300
PAI $237.41
CLTV 66.302
MATURITY 130202
FEE 0.5000
LOAN 0000021960968
LAST_NAME MEACHAM
ADDRESS 79 PROSPECT ROAD
CITY PARSIPPANY
STATE NJ
ZIP 070540000
MORT $37,700.00
BAL $37,154.19
RATE 10.350
PAI $505.54
CLTV 79.085
MATURITY 71202
FEE 0.5000
LOAN 0000021960976
LAST_NAME HARWOOD
ADDRESS 10 BARRATT DRIVE
CITY WATERFORD
STATE NY
ZIP 121880000
MORT $24,600.00
BAL $24,233.63
RATE 9.850
PAI $323.05
CLTV 75.845
MATURITY 71126
FEE 0.5000
LOAN 0000021960984
LAST_NAME GILLIAM
ADDRESS 4925 PROSPECT AVENUE
CITY CINCINNATI
STATE OH
ZIP 452420000
MORT $101,600.00
BAL $101,419.66
RATE 8.650
PAI $792.05
CLTV 80.000
MATURITY 121124
FEE 0.5000
LOAN 0000021960992
LAST_NAME TERRY
ADDRESS 111-113 CHATTERTON AV
CITY WHITE PLAIN
STATE NY
ZIP 106060000
MORT $220,000.00
BAL $219,800.34
RATE 9.900
PAI $1,914.42
CLTV 80.000
MATURITY 121201
FEE 0.5000
LOAN 0000021961016
LAST_NAME BANKS
ADDRESS 131-50 228TH STREET
CITY LAURELTON
STATE NY
ZIP 114130000
MORT $93,400.00
BAL $93,122.42
RATE 10.750
PAI $948.22
CLTV 73.711
MATURITY 171124
FEE 0.5000
LOAN 0000021961024
LAST_NAME DOUGLAS
ADDRESS 2426 EUTAW PLACE
CITY BALTIMORE
STATE MD
ZIP 212170000
MORT $102,500.00
BAL $102,459.27
RATE 10.500
PAI $937.61
CLTV 75.925
MATURITY 280106
FEE 0.5000
LOAN 0000021961073
LAST_NAME EISLEBEN
ADDRESS 10565 MILLER ROAD
CITY UTICA
STATE NY
ZIP 135020000
MORT $83,200.00
BAL $82,938.62
RATE 8.650
PAI $729.95
CLTV 80.000
MATURITY 171118
FEE 0.5000
LOAN 0000021961099
LAST_NAME MUSSELMAN
ADDRESS RR 1 BOX 148B
CITY ORANGEVILLE
STATE PA
ZIP 178590000
MORT $53,600.00
BAL $53,522.26
RATE 9.250
PAI $490.91
CLTV 80.000
MATURITY 180202
FEE 0.5000
LOAN 0000021961123
LAST_NAME MCHENRY
ADDRESS 7911 RALEIGH STREET
CITY WESTMINSTER
STATE CO
ZIP 800300000
MORT $108,000.00
BAL $107,898.81
RATE 9.750
PAI $927.89
CLTV 80.000
MATURITY 271201
FEE 0.5000
LOAN 0000021961180
LAST_NAME BRADDOCK
ADDRESS 10 HAMPTON BAY DRIVE
CITY HAMPTON BAY
STATE NY
ZIP 119460000
MORT $105,000.00
BAL $104,568.06
RATE 9.750
PAI $995.94
CLTV 53.846
MATURITY 171120
FEE 0.5000
LOAN 0000021961214
LAST_NAME HORTON
ADDRESS 7251 W COUNTY ROAD
CITY MIDDLETOWN
STATE IN
ZIP 473560000
MORT $60,000.00
BAL $59,942.57
RATE 9.650
PAI $511.10
CLTV 80.000
MATURITY 121201
FEE 0.5000
LOAN 0000021961263
LAST_NAME COLEY
ADDRESS 19600 NW 7 AVENUE
CITY MIAMI
STATE FL
ZIP 331690000
MORT $90,000.00
BAL $89,779.84
RATE 9.850
PAI $958.91
CLTV 86.538
MATURITY 130120
FEE 0.5000
LOAN 0000021961271
LAST_NAME TIMMONS
ADDRESS 3464 PROVIDENCE CIRCLE
CITY LIMA
STATE OH
ZIP 458010000
MORT $79,900.00
BAL $79,812.20
RATE 8.990
PAI $642.32
CLTV 85.000
MATURITY 271125
FEE 0.5000
LOAN 0000021961313
LAST_NAME COWLES
ADDRESS 208 W 5TH STREET
CITY ANDERSON
STATE IN
ZIP 460120000
MORT $25,000.00
BAL $24,657.09
RATE 7.700
PAI $503.33
CLTV 49.019
MATURITY 30116
FEE 0.5000
LOAN 0000021961347
LAST_NAME STELLHORN
ADDRESS 502 N 11TH STREET
CITY HUMBOLDT
STATE IA
ZIP 505480000
MORT $50,000.00
BAL $49,962.50
RATE 10.790
PAI $468.25
CLTV 75.757
MATURITY 121201
FEE 0.5000
LOAN 0000021961362
LAST_NAME CANNON
ADDRESS 7562 LAMAR COURT
CITY ARVADA
STATE CO
ZIP 800030000
MORT $107,200.00
BAL $107,094.12
RATE 9.500
PAI $901.40
CLTV 80.000
MATURITY 121201
FEE 0.5000
LOAN 0000021961370
LAST_NAME PATTON
ADDRESS 3435 SALLEY DRIVE
CITY STEGER
STATE IL
ZIP 604750000
MORT $54,200.00
BAL $54,030.32
RATE 8.500
PAI $416.76
CLTV 73.243
MATURITY 121117
FEE 0.5000
LOAN 0000021961396
LAST_NAME NEUWOEHNER
ADDRESS 1327 CULPEPPER RIDGE
CITY BALLWIN
STATE MO
ZIP 630210000
MORT $130,000.00
BAL $129,822.30
RATE 9.900
PAI $1,131.25
CLTV 72.625
MATURITY 121201
FEE 0.5000
LOAN 0000021961404
LAST_NAME SLOAN
ADDRESS 4501 NEW YORK AVENUE
CITY MUNCIE
STATE IN
ZIP 473040000
MORT $50,000.00
BAL $49,772.28
RATE 8.950
PAI $448.26
CLTV 69.444
MATURITY 171029
FEE 0.5000
LOAN 0000021961412
LAST_NAME SUMPTER
ADDRESS 506 BROADWAY
CITY INGALLAS
STATE IN
ZIP 460480000
MORT $58,400.00
BAL $58,223.34
RATE 8.950
PAI $523.57
CLTV 80.000
MATURITY 171209
FEE 0.5000
LOAN 0000021961420
LAST_NAME THOMAS
ADDRESS 858 FREDERICK BOULEVARD
CITY AKRON
STATE OH
ZIP 443200000
MORT $80,750.00
BAL $80,717.14
RATE 10.390
PAI $732.02
CLTV 85.000
MATURITY 271208
FEE 0.5000
LOAN 0000021961438
LAST_NAME WISE
ADDRESS 2403 W CO. ROAD 100 SOUTH
CITY NEW CASTLE
STATE IN
ZIP 473620000
MORT $59,200.00
BAL $59,082.42
RATE 8.100
PAI $438.53
CLTV 80.000
MATURITY 271201
FEE 0.5000
LOAN 0000021961461
LAST_NAME EPPERSON
ADDRESS 6049 VICKI COURT
CITY COLUMBUS
STATE OH
ZIP 432290000
MORT $42,500.00
BAL $42,464.95
RATE 10.350
PAI $384.01
CLTV 85.000
MATURITY 271202
FEE 0.5000
LOAN 0000021961479
LAST_NAME HOWARD
ADDRESS 635 CHAPEL HILL W DRIVE
CITY INDIANAPOLI
STATE IN
ZIP 462140000
MORT $78,400.00
BAL $78,313.12
RATE 8.950
PAI $628.01
CLTV 80.000
MATURITY 121124
FEE 0.5000
LOAN 0000021961487
LAST_NAME SCHLIEDER
ADDRESS 4832 SO NORTH SHORE DRIVE
CITY COLUMBIA CI
STATE IN
ZIP 467250000
MORT $32,800.00
BAL $32,555.08
RATE 9.750
PAI $347.48
CLTV 80.000
MATURITY 121126
FEE 0.5000
LOAN 0000021961495
LAST_NAME ESCOBEDO
ADDRESS 6850 NEW JERSEY
CITY HAMMOND
STATE IN
ZIP 463230000
MORT $72,000.00
BAL $71,918.54
RATE 8.850
PAI $571.58
CLTV 78.260
MATURITY 271208
FEE 0.5000
LOAN 0000021961503
LAST_NAME SICK
ADDRESS 4193 W DUNES HIGHWAY
CITY MICHIGAN CI
STATE IN
ZIP 463600000
MORT $48,600.00
BAL $48,356.92
RATE 9.950
PAI $424.71
CLTV 82.935
MATURITY 271124
FEE 0.5000
LOAN 0000021961511
LAST_NAME ROSE
ADDRESS 2715 FRAZEE ROAD
CITY SOMERVILLE
STATE OH
ZIP 450640000
MORT $144,000.00
BAL $143,721.67
RATE 8.250
PAI $1,081.83
CLTV 73.846
MATURITY 271201
FEE 0.5000
LOAN 0000021961529
LAST_NAME NISENOFF
ADDRESS 405 ST. MORITZ WAY
CITY MONUMENT
STATE CO
ZIP 801320000
MORT $93,800.00
BAL $93,106.94
RATE 9.990
PAI $822.47
CLTV 79.972
MATURITY 121120
FEE 0.5000
LOAN 0000021961545
LAST_NAME DEGREGORIO
ADDRESS 7613 HATTERAS DRIVE
CITY HUDSON
STATE FL
ZIP 346670000
MORT $35,000.00
BAL $34,943.11
RATE 8.350
PAI $300.43
CLTV 54.687
MATURITY 171230
FEE 0.5000
LOAN 0000021961560
LAST_NAME PERRY
ADDRESS 5519 MISSOURI AVENUE
CITY ALORTON
STATE IL
ZIP 622070000
MORT $30,000.00
BAL $29,977.50
RATE 10.790
PAI $280.95
CLTV 75.000
MATURITY 271201
FEE 0.5000
LOAN 0000021961743
LAST_NAME LEWIS
ADDRESS 25 SANTA ANITA DR
CITY BARTONVILLE
STATE IL
ZIP 616070000
MORT $40,657.00
BAL $40,440.28
RATE 8.450
PAI $503.01
CLTV 79.719
MATURITY 80127
FEE 0.5000
LOAN 0000021961768
LAST_NAME SLY
ADDRESS 56 CENTRAL AVENUE
CITY FREDONIA
STATE NY
ZIP 140630000
MORT $86,400.00
BAL $86,400.00
RATE 7.650
PAI $808.33
CLTV 80.000
MATURITY 130209
FEE 0.5000
LOAN 0000021961776
LAST_NAME GODFREY
ADDRESS 581 CROCKER HILL ROAD
CITY ELIZABETH C
STATE NC
ZIP 279090000
MORT $56,950.00
BAL $56,883.78
RATE 10.950
PAI $585.89
CLTV 85.000
MATURITY 180101
FEE 0.5000
LOAN 0000021961818
LAST_NAME MAYNE
ADDRESS 4 SUNSET STREET
CITY THURMONT
STATE MD
ZIP 217880000
MORT $25,000.00
BAL $25,000.00
RATE 9.150
PAI $255.81
CLTV 70.001
MATURITY 130225
FEE 0.5000
LOAN 0000021961826
LAST_NAME MORAN
ADDRESS RD 1, BOX 135
CITY NEW ALEXAND
STATE PA
ZIP 156700000
MORT $21,000.00
BAL $20,946.23
RATE 9.350
PAI $217.40
CLTV 70.192
MATURITY 121224
FEE 0.5000
LOAN 0000021961867
LAST_NAME ROBISHAW
ADDRESS 35 BEACH STREET
CITY PLYMOUTH
STATE MA
ZIP 023600000
MORT $90,000.00
BAL $89,926.25
RATE 8.350
PAI $682.48
CLTV 79.646
MATURITY 121229
FEE 0.5000
LOAN 0000021961917
LAST_NAME COUNCIL
ADDRESS 601 MERRITT MILL ROAD
CITY CHAPEL HILL
STATE NC
ZIP 275140000
MORT $40,000.00
BAL $40,000.00
RATE 10.300
PAI $359.93
CLTV 51.948
MATURITY 280201
FEE 0.5000
LOAN 0000021961925
LAST_NAME MCCOY
ADDRESS 612 W. MAIN STREET
CITY ENDICOTT
STATE NY
ZIP 137600000
MORT $30,000.00
BAL $30,000.00
RATE 8.950
PAI $303.39
CLTV 57.628
MATURITY 130224
FEE 0.5000
LOAN 0000021961941
LAST_NAME YOUNG
ADDRESS 301 BAKER LANE
CITY BEAVER DAM
STATE KY
ZIP 423200000
MORT $19,200.00
BAL $19,146.45
RATE 8.400
PAI $187.95
CLTV 76.800
MATURITY 130128
FEE 0.5000
LOAN 0000021961990
LAST_NAME COGHILL
ADDRESS 419 POTTS ROAD
CITY DUDLEY
STATE NC
ZIP 283330000
MORT $54,000.00
BAL $54,000.00
RATE 10.200
PAI $586.91
CLTV 87.804
MATURITY 130201
FEE 0.5000
LOAN 0000021962063
LAST_NAME RIVELL
ADDRESS 116 RIDGE AVENUE
CITY BLACKWOOD
STATE NJ
ZIP 080120000
MORT $65,100.00
BAL $65,100.00
RATE 8.700
PAI $509.82
CLTV 75.697
MATURITY 280107
FEE 0.5000
LOAN 0000021962097
LAST_NAME BELVIN
ADDRESS 10515 GLENMAR COURT
CITY GLEN ALLEN
STATE VA
ZIP 230600000
MORT $15,500.00
BAL $15,500.00
RATE 9.150
PAI $158.60
CLTV 69.324
MATURITY 130219
FEE 0.5000
LOAN 0000021962105
LAST_NAME MCCULLOUGH
ADDRESS 1310 WALLACE ROAD
CITY MADISON
STATE GA
ZIP 306500000
MORT $92,000.00
BAL $92,000.00
RATE 12.750
PAI $999.76
CLTV 80.000
MATURITY 280210
FEE 0.5000
LOAN 0000021962113
LAST_NAME BULLARD
ADDRESS 656 MAGNOLIA ROAD
CITY MOBILE
STATE AL
ZIP 366060000
MORT $48,600.00
BAL $48,549.53
RATE 11.800
PAI $528.37
CLTV 90.000
MATURITY 180101
FEE 0.5000
LOAN 0000021962139
LAST_NAME PREWITT
ADDRESS 77 ELDERBERRY LANE
CITY WILLINGBORO
STATE NJ
ZIP 080460000
MORT $90,900.00
BAL $90,900.00
RATE 10.500
PAI $907.53
CLTV 90.000
MATURITY 180126
FEE 0.5000
LOAN 0000021962154
LAST_NAME JENKINS
ADDRESS 225 KINKEAD AVENUE
CITY LANCASTER
STATE OH
ZIP 431300000
MORT $25,000.00
BAL $25,000.00
RATE 10.050
PAI $269.42
CLTV 83.008
MATURITY 130204
FEE 0.5000
LOAN 0000021962162
LAST_NAME WILSON
ADDRESS 49630 HWY 78 W
CITY LINCOLN
STATE AL
ZIP 350960000
MORT $80,100.00
BAL $80,037.42
RATE 10.600
PAI $738.70
CLTV 87.065
MATURITY 271201
FEE 0.5000
LOAN 0000021962196
LAST_NAME LINDSEY
ADDRESS 1524 BURNHAM ROAD
CITY ANNISTON
STATE AL
ZIP 362060000
MORT $54,000.00
BAL $53,878.44
RATE 10.750
PAI $605.31
CLTV 77.142
MATURITY 130101
FEE 0.5000
LOAN 0000021962204
LAST_NAME POWELL
ADDRESS 300 TULIP STREET
CITY LIVINGSTON
STATE AL
ZIP 354700000
MORT $31,070.00
BAL $31,052.09
RATE 11.990
PAI $319.35
CLTV 64.729
MATURITY 271201
FEE 0.5000
LOAN 0000021962212
LAST_NAME DOUVIER
ADDRESS 505 EAST 1ST ST
CITY MINETTE
STATE AL
ZIP 365070000
MORT $37,500.00
BAL $37,434.82
RATE 13.150
PAI $443.35
CLTV 75.000
MATURITY 171201
FEE 0.5000
LOAN 0000021962220
LAST_NAME BARRON
ADDRESS 1435 FAIRMONT ROAD
CITY SYLACAUGA
STATE AL
ZIP 351500000
MORT $52,000.00
BAL $51,790.09
RATE 11.990
PAI $623.75
CLTV 78.787
MATURITY 121201
FEE 0.5000
LOAN 0000021962246
LAST_NAME DAVIS
ADDRESS 360 TUTTLE AVENUE
CITY MOBILE
STATE AL
ZIP 366040000
MORT $35,000.00
BAL $34,530.91
RATE 11.700
PAI $496.10
CLTV 51.851
MATURITY 71201
FEE 0.5000
LOAN 0000021962253
LAST_NAME ROBERTS
ADDRESS 1601 5 ACRE ROAD
CITY DOLOMITE
STATE AL
ZIP 350610000
MORT $76,500.00
BAL $76,421.81
RATE 11.250
PAI $743.01
CLTV 90.000
MATURITY 271201
FEE 0.5000
LOAN 0000021962261
LAST_NAME WILKINSON
ADDRESS 1708 SEWELL STREET
CITY ALEXANDER C
STATE AL
ZIP 350100000
MORT $61,200.00
BAL $61,131.01
RATE 10.800
PAI $573.59
CLTV 80.000
MATURITY 271201
FEE 0.5000
LOAN 0000021962295
LAST_NAME VERMILYEA
ADDRESS 499 DOWDY RD
CITY DICKSON
STATE TN
ZIP 370550000
MORT $136,000.00
BAL $135,635.64
RATE 9.900
PAI $1,303.43
CLTV 82.424
MATURITY 171119
FEE 0.5000
LOAN 0000021962311
LAST_NAME MAISANO
ADDRESS 7464 SHANGRI-LA AVENUE
CITY LAS VEGAS
STATE NV
ZIP 891170000
MORT $75,000.00
BAL $75,000.00
RATE 8.450
PAI $574.03
CLTV 57.692
MATURITY 280123
FEE 0.5000
LOAN 0000021962360
LAST_NAME LOUDERMILK
ADDRESS 1431 W 36TH STREET
CITY BALTIMORE
STATE MD
ZIP 212110000
MORT $54,000.00
BAL $53,978.54
RATE 10.500
PAI $493.96
CLTV 90.000
MATURITY 130126
FEE 0.5000
LOAN 0000021962386
LAST_NAME WHITTLE
ADDRESS 120 TRADEWINDS CIRCLE
CITY ALABASTER
STATE AL
ZIP 350070000
MORT $110,250.00
BAL $110,118.27
RATE 9.990
PAI $966.71
CLTV 90.000
MATURITY 271201
FEE 0.5000
LOAN 0000021962444
LAST_NAME SANSONE
ADDRESS 121 NORTH ROAD
CITY HOPKINTON
STATE RI
ZIP 028330000
MORT $23,500.00
BAL $23,392.64
RATE 11.150
PAI $325.71
CLTV 52.583
MATURITY 71229
FEE 0.5000
LOAN 0000021962493
LAST_NAME FRANKLIN
ADDRESS 3240 NW 211 STREET
CITY MIAMI
STATE FL
ZIP 330560000
MORT $22,500.00
BAL $22,386.98
RATE 9.500
PAI $291.15
CLTV 69.061
MATURITY 80122
FEE 0.5000
LOAN 0000021962527
LAST_NAME SLEDGE
ADDRESS #5 WOODBINE ROAD
CITY TUSCALOOSA
STATE AL
ZIP 354050000
MORT $68,400.00
BAL $68,371.01
RATE 10.200
PAI $610.39
CLTV 90.000
MATURITY 280101
FEE 0.5000
LOAN 0000021962600
LAST_NAME SIMPSON
ADDRESS 1211 SATCHEL ST
CITY MOBILE
STATE AL
ZIP 366170000
MORT $32,300.00
BAL $32,246.84
RATE 10.400
PAI $293.05
CLTV 75.116
MATURITY 271101
FEE 0.5000
LOAN 0000021962618
LAST_NAME PIRONIS
ADDRESS 1516 NATIONAL ROAD
CITY BALTIMORE
STATE MD
ZIP 212370000
MORT $30,000.00
BAL $30,000.00
RATE 10.250
PAI $294.49
CLTV 24.390
MATURITY 180107
FEE 0.5000
LOAN 0000021962683
LAST_NAME EDGAR
ADDRESS 280 WIBIRD STREET
CITY PORTSMOUTH
STATE NH
ZIP 038010000
MORT $17,000.00
BAL $17,000.00
RATE 9.250
PAI $217.66
CLTV 69.893
MATURITY 80223
FEE 0.5000
LOAN 0000021962709
LAST_NAME HARLEY
ADDRESS 1936 PALMER PARK ROAD
CITY HYATTSVILLE
STATE MD
ZIP 207850000
MORT $55,000.00
BAL $54,937.61
RATE 8.900
PAI $438.59
CLTV 78.571
MATURITY 271202
FEE 0.5000
LOAN 0000021962766
LAST_NAME GATLING
ADDRESS 12809 RHETT COURT
CITY UPPER MARLB
STATE MD
ZIP 207720000
MORT $107,200.00
BAL $106,951.18
RATE 11.000
PAI $1,106.51
CLTV 80.000
MATURITY 171215
FEE 0.5000
LOAN 0000021962774
LAST_NAME CRAWFORD
ADDRESS 4630 22ND ST
CITY TUSCULOOSA
STATE AL
ZIP 354010000
MORT $46,000.00
BAL $45,980.91
RATE 10.300
PAI $413.92
CLTV 48.421
MATURITY 280101
FEE 0.5000
LOAN 0000021962832
LAST_NAME COBB
ADDRESS 3024 18TH STREETS
CITY ARLINGTON
STATE VA
ZIP 222040000
MORT $145,000.00
BAL $144,603.95
RATE 9.750
PAI $1,375.35
CLTV 78.804
MATURITY 171215
FEE 0.5000
LOAN 0000021962881
LAST_NAME HOWELL
ADDRESS 1716 ARLINGTON COURT
CITY MOBILE
STATE AL
ZIP 366090000
MORT $93,500.00
BAL $93,459.07
RATE 10.050
PAI $823.99
CLTV 85.000
MATURITY 130112
FEE 0.5000
LOAN 0000021962907
LAST_NAME COBBS
ADDRESS 7615 SWAN TERRACE
CITY LANDOVER
STATE MD
ZIP 207850000
MORT $88,400.00
BAL $88,330.18
RATE 10.550
PAI $811.94
CLTV 85.000
MATURITY 121208
FEE 0.5000
LOAN 0000021963038
LAST_NAME HODGES
ADDRESS 3854 ANDERSON STATE ROAD
CITY FAYETTEVILL
STATE OH
ZIP 451180000
MORT $83,000.00
BAL $82,944.30
RATE 8.000
PAI $609.03
CLTV 69.166
MATURITY 130121
FEE 0.5000
LOAN 0000021963046
LAST_NAME REUL
ADDRESS 1309 HOYLE RD
CITY DIXON
STATE IL
ZIP 610210000
MORT $65,200.00
BAL $65,087.92
RATE 7.900
PAI $541.31
CLTV 80.000
MATURITY 180112
FEE 0.5000
LOAN 0000021963053
LAST_NAME DAVIS
ADDRESS 4924 GREENWOOD DRIVE
CITY GASTONIA
STATE NC
ZIP 280520000
MORT $65,600.00
BAL $65,510.32
RATE 9.900
PAI $570.85
CLTV 80.000
MATURITY 121126
FEE 0.5000
LOAN 0000021963061
LAST_NAME CASTRO
ADDRESS 12087 BOURASSA BLVD
CITY BROOKSVILLE
STATE FL
ZIP 346130000
MORT $57,600.00
BAL $57,548.29
RATE 9.950
PAI $503.35
CLTV 80.000
MATURITY 121129
FEE 0.5000
LOAN 0000021963079
LAST_NAME HENRY
ADDRESS 11727 ROBINWOOD DRIVE
CITY HAGERSTOWN
STATE MD
ZIP 217420000
MORT $88,000.00
BAL $87,696.47
RATE 7.900
PAI $730.60
CLTV 80.000
MATURITY 171201
FEE 0.5000
LOAN 0000021963087
LAST_NAME TOWNSEND
ADDRESS 137 DERWENT LANE
CITY HUNTSVILLE
STATE AL
ZIP 358100000
MORT $117,000.00
BAL $116,854.68
RATE 10.350
PAI $1,057.15
CLTV 90.000
MATURITY 271020
FEE 0.5000
LOAN 0000021963103
LAST_NAME GROOMS
ADDRESS 6099 AFTON DRIVE
CITY DAYTON
STATE OH
ZIP 451450000
MORT $99,000.00
BAL $98,900.99
RATE 11.350
PAI $969.07
CLTV 90.000
MATURITY 121101
FEE 0.5000
LOAN 0000021963111
LAST_NAME SCHILF
ADDRESS 700 FAIRFIELD COURT
CITY WESTMONT
STATE IL
ZIP 605590000
MORT $57,770.00
BAL $57,205.21
RATE 10.050
PAI $765.04
CLTV 84.886
MATURITY 71121
FEE 0.5000
LOAN 0000021963129
LAST_NAME SPOTH
ADDRESS 7069 ELIZABETH COURT
CITY MENTOR
STATE OH
ZIP 440600000
MORT $83,000.00
BAL $82,713.72
RATE 7.900
PAI $689.09
CLTV 44.623
MATURITY 171101
FEE 0.5000
LOAN 0000021963137
LAST_NAME FULLERTON
ADDRESS 145 KINGS HIGHWAY
CITY WARWICK
STATE NY
ZIP 109900000
MORT $136,000.00
BAL $135,058.15
RATE 8.500
PAI $1,180.24
CLTV 77.714
MATURITY 171001
FEE 0.5000
LOAN 0000021963145
LAST_NAME JONES
ADDRESS 1487 COUNTRY ROAD 1545
CITY CULLMAN
STATE AL
ZIP 350580000
MORT $78,000.00
BAL $77,699.15
RATE 10.250
PAI $765.68
CLTV 80.000
MATURITY 171105
FEE 0.5000
LOAN 0000021963152
LAST_NAME FENLEY
ADDRESS 15201 12TH STREET
CITY LUTZ
STATE FL
ZIP 335490000
MORT $32,800.00
BAL $32,541.22
RATE 8.700
PAI $288.81
CLTV 80.000
MATURITY 170930
FEE 0.5000
LOAN 0000021963160
LAST_NAME LAZAR
ADDRESS 11474 TWIN HILLS AVENUE
CITY NORTHRIDGE
STATE CA
ZIP 913260000
MORT $257,000.00
BAL $256,697.01
RATE 8.650
PAI $2,003.49
CLTV 79.076
MATURITY 271129
FEE 0.5000
LOAN 0000021963178
LAST_NAME JAMES
ADDRESS 6793 CASTLE HEIGHTS ROAD
CITY MORRIS
STATE AL
ZIP 351160000
MORT $55,000.00
BAL $54,594.92
RATE 9.900
PAI $587.67
CLTV 71.428
MATURITY 121103
FEE 0.5000
LOAN 0000021963186
LAST_NAME FANJOY
ADDRESS 1440 BARNEY AVENUE
CITY KETTERING
STATE OH
ZIP 454200000
MORT $64,000.00
BAL $63,594.97
RATE 8.650
PAI $561.50
CLTV 75.739
MATURITY 171021
FEE 0.5000
LOAN 0000021963194
LAST_NAME SWAMIDASS
ADDRESS 1529 FERNDALE DRIVE
CITY AUBURN
STATE AL
ZIP 368320000
MORT $60,000.00
BAL $59,198.95
RATE 8.500
PAI $590.84
CLTV 76.681
MATURITY 121105
FEE 0.5000
LOAN 0000021963210
LAST_NAME PORTCH
ADDRESS 33501 112 TH STREET SE
CITY SULTAN
STATE WA
ZIP 982940000
MORT $112,000.00
BAL $111,946.06
RATE 9.600
PAI $949.94
CLTV 84.848
MATURITY 280128
FEE 0.5000
LOAN 0000021963335
LAST_NAME RAFFERTY
ADDRESS 14347 SW 97TH TERRACE
CITY MIAMI
STATE FL
ZIP 331860000
MORT $18,700.00
BAL $18,700.00
RATE 10.050
PAI $247.65
CLTV 85.000
MATURITY 80213
FEE 0.5000
LOAN 0000021963350
LAST_NAME KING
ADDRESS 2407 15TH AVE
CITY SHEFFIELD
STATE AL
ZIP 356600000
MORT $52,000.00
BAL $51,960.24
RATE 10.700
PAI $483.46
CLTV 74.285
MATURITY 271201
FEE 0.5000
LOAN 0000021963368
LAST_NAME ALLISON
ADDRESS 752 MORRIS STREET
CITY HARTSELLE
STATE AL
ZIP 356400000
MORT $19,000.00
BAL $18,854.91
RATE 9.500
PAI $198.40
CLTV 40.641
MATURITY 121117
FEE 0.5000
LOAN 0000021963384
LAST_NAME BOOTH
ADDRESS 2055 ESLAVA LANE
CITY MOBILE
STATE AL
ZIP 366050000
MORT $40,500.00
BAL $40,375.39
RATE 11.800
PAI $440.31
CLTV 90.000
MATURITY 171201
FEE 0.5000
LOAN 0000021963400
LAST_NAME FLAHERTY
ADDRESS 367 RAILROAD AVENUE
CITY NORWOOD
STATE MA
ZIP 020620000
MORT $118,000.00
BAL $117,406.12
RATE 8.150
PAI $998.04
CLTV 62.105
MATURITY 171027
FEE 0.5000
LOAN 0000021963434
LAST_NAME SHAH
ADDRESS 27 BELLMORE ROAD
CITY FRAMINGHAM
STATE MA
ZIP 017020000
MORT $160,000.00
BAL $159,694.92
RATE 8.300
PAI $1,207.66
CLTV 78.817
MATURITY 121101
FEE 0.5000
LOAN 0000021963467
LAST_NAME ACRITANI
ADDRESS 8 GALWAY PLACE
CITY HUNTINGTON
STATE NY
ZIP 117430000
MORT $128,700.00
BAL $128,507.30
RATE 9.000
PAI $1,157.95
CLTV 90.000
MATURITY 180120
FEE 0.5000
LOAN 0000021963475
LAST_NAME BRITTON
ADDRESS 3721 32ND STREET
CITY TUSCALOOSA
STATE AL
ZIP 354010000
MORT $42,750.00
BAL $42,731.00
RATE 13.150
PAI $477.92
CLTV 75.000
MATURITY 271201
FEE 0.5000
LOAN 0000021963517
LAST_NAME CARROLL
ADDRESS 31 LANG STREET
CITY ROCHESTER
STATE NY
ZIP 146210000
MORT $40,000.00
BAL $39,875.13
RATE 8.700
PAI $352.21
CLTV 80.000
MATURITY 171201
FEE 0.5000
LOAN 0000021963632
LAST_NAME WHITE
ADDRESS 1830 EBENEZER ROAD
CITY EBENEZER
STATE SC
ZIP 297320000
MORT $69,500.00
BAL $69,460.01
RATE 8.750
PAI $546.76
CLTV 80.813
MATURITY 280116
FEE 0.5000
LOAN 0000021963673
LAST_NAME BROOKS
ADDRESS 26 LILLIAN TERRACE
CITY WOODBRIDGE
STATE NJ
ZIP 070950000
MORT $99,100.00
BAL $98,730.66
RATE 10.850
PAI $932.54
CLTV 86.173
MATURITY 280120
FEE 0.5000
LOAN 0000021963699
LAST_NAME WINDYKA
ADDRESS 5 MOUNTAIN VIEW DRIVE
CITY WARE
STATE MA
ZIP 010820000
MORT $40,000.00
BAL $39,785.89
RATE 8.900
PAI $403.33
CLTV 43.956
MATURITY 121229
FEE 0.5000
LOAN 0000021963715
LAST_NAME HAMPTON
ADDRESS 70 MANOR CIRCLE
CITY BRISTOL
STATE PA
ZIP 190070000
MORT $116,000.00
BAL $115,751.24
RATE 7.900
PAI $887.64
CLTV 80.000
MATURITY 221201
FEE 0.5000
LOAN 0000021963723
LAST_NAME BAIN
ADDRESS 136 WEST ELM AVENUE
CITY LINDENWOLD
STATE NJ
ZIP 080210000
MORT $50,000.00
BAL $49,972.63
RATE 8.990
PAI $401.95
CLTV 57.471
MATURITY 280107
FEE 0.5000
LOAN 0000021963756
LAST_NAME REYNOLDS
ADDRESS 67 ABBEY LANE
CITY WINDSOR
STATE CT
ZIP 060950000
MORT $110,000.00
BAL $109,964.45
RATE 11.450
PAI $1,085.13
CLTV 84.615
MATURITY 280112
FEE 0.5000
LOAN 0000021963863
LAST_NAME FOY
ADDRESS 284 COMSTOCK STREET
CITY NEW BRUNSWI
STATE NJ
ZIP 089010000
MORT $45,000.00
BAL $44,970.12
RATE 11.350
PAI $440.49
CLTV 52.941
MATURITY 271202
FEE 0.5000
LOAN 0000021963871
LAST_NAME DYNAKOWSKI
ADDRESS 122 E BEECHWOOD AVENUE
CITY OAKLYN
STATE NJ
ZIP 081070000
MORT $70,000.00
BAL $69,935.78
RATE 9.850
PAI $606.56
CLTV 73.684
MATURITY 121126
FEE 0.5000
LOAN 0000021963905
LAST_NAME PLESNARSKI
ADDRESS BOX 558 MILL ROAD
CITY MORGANTOWN
STATE PA
ZIP 195430000
MORT $146,000.00
BAL $145,285.56
RATE 9.650
PAI $1,243.66
CLTV 87.951
MATURITY 121201
FEE 0.5000
LOAN 0000021963921
LAST_NAME ARMBUSTER
ADDRESS 3532 LIMESTONE DRIVE
CITY WHITEHALL
STATE PA
ZIP 180520000
MORT $40,135.00
BAL $40,098.17
RATE 9.850
PAI $347.78
CLTV 77.610
MATURITY 121201
FEE 0.5000
LOAN 0000021963939
LAST_NAME JONIK
ADDRESS 519 BRYN MAWR AVENUE
CITY LOWER MERIO
STATE PA
ZIP 190040000
MORT $125,000.00
BAL $124,876.54
RATE 9.500
PAI $1,051.07
CLTV 69.832
MATURITY 121201
FEE 0.5000
LOAN 0000021963947
LAST_NAME VOLPE
ADDRESS 144 ALBERMARLE AVENUE
CITY VALLEY STRE
STATE NY
ZIP 115800000
MORT $80,000.00
BAL $28,672.45
RATE 9.100
PAI $816.18
CLTV 36.363
MATURITY 121030
FEE 0.5000
LOAN 0000021963954
LAST_NAME HAYNES
ADDRESS 216 GLENGARRY DRIVE
CITY CORAOPOLIS
STATE PA
ZIP 151080000
MORT $111,200.00
BAL $110,427.85
RATE 7.900
PAI $923.21
CLTV 80.000
MATURITY 171101
FEE 0.5000
LOAN 0000021963962
LAST_NAME WOOD
ADDRESS 295 E RAILROAD AVENUE
CITY BAYVILLE
STATE NJ
ZIP 087210000
MORT $95,300.00
BAL $95,209.76
RATE 9.700
PAI $815.28
CLTV 89.990
MATURITY 121201
FEE 0.5000
LOAN 0000021963988
LAST_NAME MCENTYRE
ADDRESS 110 PINE TREE DRIVE
CITY FORT MILL
STATE SC
ZIP 297150000
MORT $62,480.00
BAL $62,308.25
RATE 9.700
PAI $590.58
CLTV 61.861
MATURITY 171121
FEE 0.5000
LOAN 0000021963996
LAST_NAME DOUGLAS
ADDRESS 409 ROLLINGWOOD ROAD
CITY JAMESTOWN
STATE NC
ZIP 272820000
MORT $106,250.00
BAL $105,735.16
RATE 10.000
PAI $1,141.77
CLTV 85.000
MATURITY 121126
FEE 0.5000
LOAN 0000021964002
LAST_NAME FOREID
ADDRESS 3610 W TAMPA CIRCLE
CITY TAMPA
STATE FL
ZIP 336290000
MORT $22,000.00
BAL $21,895.81
RATE 10.250
PAI $239.79
CLTV 75.877
MATURITY 121124
FEE 0.5000
LOAN 0000021964010
LAST_NAME MARTIN
ADDRESS 12609 TOBYTOWN ROAD
CITY POTOMAC
STATE MD
ZIP 208540000
MORT $66,000.00
BAL $65,462.60
RATE 9.500
PAI $615.21
CLTV 47.653
MATURITY 171117
FEE 0.5000
LOAN 0000021964028
LAST_NAME BERMUDO
ADDRESS 212 CRABB AVENUE
CITY ROCKVILLE
STATE MD
ZIP 208500000
MORT $124,000.00
BAL $123,889.58
RATE 9.990
PAI $1,087.28
CLTV 80.000
MATURITY 121208
FEE 0.5000
LOAN 0000021964036
LAST_NAME BROWN
ADDRESS 516 CRITTENDEN STREET
CITY WASHINGTON
STATE DC
ZIP 200110000
MORT $86,000.00
BAL $85,969.27
RATE 10.990
PAI $818.35
CLTV 76.106
MATURITY 121204
FEE 0.5000
LOAN 0000021964044
LAST_NAME AYCOCK
ADDRESS 5606 JOAN LANE
CITY TEMPLE HILL
STATE MD
ZIP 200090000
MORT $45,000.00
BAL $44,932.91
RATE 9.490
PAI $378.06
CLTV 39.823
MATURITY 271121
FEE 0.5000
LOAN 0000021964051
LAST_NAME JENKINS
ADDRESS 1325 TALBERT TERRACE SE
CITY WASHINGTON
STATE DC
ZIP 200200000
MORT $77,000.00
BAL $76,931.43
RATE 9.990
PAI $675.17
CLTV 82.352
MATURITY 271201
FEE 0.5000
LOAN 0000021964069
LAST_NAME JOHNSON
ADDRESS 8854 WOODLAND DRIVE
CITY SILVER SPRI
STATE MD
ZIP 209100000
MORT $205,000.00
BAL $204,099.91
RATE 9.990
PAI $1,797.51
CLTV 78.846
MATURITY 121124
FEE 0.5000
LOAN 0000021964077
LAST_NAME COOKE
ADDRESS 1724 TAMARACK STREET NW
CITY WASHINGTON
STATE DC
ZIP 200120000
MORT $114,000.00
BAL $113,801.79
RATE 8.750
PAI $896.84
CLTV 43.018
MATURITY 271126
FEE 0.5000
LOAN 0000021964093
LAST_NAME FREDERICK
ADDRESS 664 SOUTH WARREN AVENUE
CITY COLUMBUS
STATE OH
ZIP 432040000
MORT $46,500.00
BAL $46,432.61
RATE 10.990
PAI $442.48
CLTV 75.000
MATURITY 121201
FEE 0.5000
LOAN 0000021964101
LAST_NAME JACKSON
ADDRESS 813 30TH STREET SE
CITY WASHINGTON
STATE DC
ZIP 200190000
MORT $100,000.00
BAL $99,884.50
RATE 8.750
PAI $786.71
CLTV 80.000
MATURITY 271206
FEE 0.5000
LOAN 0000021964127
LAST_NAME WELCH
ADDRESS 1161 3RD STREET NE
CITY CAIRO
STATE GA
ZIP 317280000
MORT $36,000.00
BAL $35,957.85
RATE 10.900
PAI $369.15
CLTV 90.000
MATURITY 180116
FEE 0.5000
LOAN 0000021964176
LAST_NAME FLETCHER
ADDRESS 3024 DOAK DRIVE
CITY HUNTSVILLE
STATE AL
ZIP 358100000
MORT $23,000.00
BAL $22,408.15
RATE 10.300
PAI $492.08
CLTV 48.936
MATURITY 21126
FEE 0.5000
LOAN 0000021964267
LAST_NAME WOODS
ADDRESS 539 LCW LANE
CITY BLACKSBURG
STATE VA
ZIP 240600000
MORT $120,000.00
BAL $119,586.10
RATE 7.900
PAI $996.27
CLTV 65.934
MATURITY 171201
FEE 0.5000
LOAN 0000021964275
LAST_NAME NEWBY
ADDRESS 1344 NORTHVALE DRIVE
CITY VIRGINIA BE
STATE VA
ZIP 234640000
MORT $99,000.00
BAL $99,000.00
RATE 9.500
PAI $832.45
CLTV 90.000
MATURITY 280206
FEE 0.5000
LOAN 0000021964291
LAST_NAME HARVEY
ADDRESS 607 N RUDOLPH STREET
CITY GOLDSBORO
STATE NC
ZIP 275300000
MORT $45,000.00
BAL $45,000.00
RATE 10.600
PAI $452.30
CLTV 75.000
MATURITY 180201
FEE 0.5000
LOAN 0000021964358
LAST_NAME VEIT, III
ADDRESS BOX 78
CITY COFFEE SPRI
STATE AL
ZIP 363180000
MORT $58,000.00
BAL $57,966.75
RATE 8.850
PAI $460.44
CLTV 64.804
MATURITY 280120
FEE 0.5000
LOAN 0000021964366
LAST_NAME CRISP
ADDRESS 3256 CRISP TRAIL
CITY MEBANE
STATE NC
ZIP 273020000
MORT $77,400.00
BAL $77,400.00
RATE 11.850
PAI $844.16
CLTV 90.000
MATURITY 180201
FEE 0.5000
LOAN 0000021964390
LAST_NAME ROBERT
ADDRESS 115 HOLLY ROAD
CITY SOUTHHAMPTO
STATE PA
ZIP 189660000
MORT $100,000.00
BAL $99,917.57
RATE 10.350
PAI $903.54
CLTV 64.516
MATURITY 271129
FEE 0.5000
LOAN 0000021964424
LAST_NAME ANDIORIO
ADDRESS 120 CANDLESTICK ROAD
CITY NORTH ANDOV
STATE MA
ZIP 018450000
MORT $214,000.00
BAL $213,765.34
RATE 9.000
PAI $1,721.89
CLTV 67.084
MATURITY 121124
FEE 0.5000
LOAN 0000021964440
LAST_NAME PRINS
ADDRESS 1150 GRAAFSCHAP ROAD
CITY HOLLAND
STATE MI
ZIP 494230000
MORT $99,000.00
BAL $98,608.17
RATE 10.050
PAI $958.65
CLTV 89.189
MATURITY 171129
FEE 0.5000
LOAN 0000021964465
LAST_NAME STEPHENS
ADDRESS 571 LEE ROAD 40
CITY OPELIKA
STATE AL
ZIP 368010000
MORT $75,000.00
BAL $74,881.23
RATE 9.200
PAI $614.29
CLTV 77.319
MATURITY 271103
FEE 0.5000
LOAN 0000021964473
LAST_NAME HOLMES
ADDRESS 9604 WALDROP DRIVE
CITY HUNTSVILLE
STATE AL
ZIP 358030000
MORT $121,000.00
BAL $119,934.68
RATE 7.900
PAI $1,149.36
CLTV 71.176
MATURITY 121101
FEE 0.5000
LOAN 0000021964481
LAST_NAME BACON
ADDRESS 6394 MARY JANE DRIVE
CITY SALISBURY
STATE MD
ZIP 218010000
MORT $26,000.00
BAL $25,924.77
RATE 9.300
PAI $238.97
CLTV 75.143
MATURITY 171125
FEE 0.5000
LOAN 0000021964515
LAST_NAME EDENFIELD
ADDRESS 2740 RIDGEWOOD COURT
CITY DYER
STATE IN
ZIP 463110000
MORT $164,000.00
BAL $163,503.96
RATE 8.300
PAI $1,298.54
CLTV 80.000
MATURITY 221129
FEE 0.5000
LOAN 0000021964531
LAST_NAME SETTLEMYER
ADDRESS 700 OLE SIMPSON PLACE
CITY ROCK HILL
STATE SC
ZIP 297300000
MORT $60,000.00
BAL $59,518.59
RATE 8.950
PAI $606.78
CLTV 84.507
MATURITY 121107
FEE 0.5000
LOAN 0000021964549
LAST_NAME BRADSHAW
ADDRESS 24 ADAMS ST
CITY BROCKTON
STATE MA
ZIP 024020000
MORT $22,650.00
BAL $22,476.26
RATE 9.450
PAI $235.83
CLTV 73.204
MATURITY 121117
FEE 0.5000
LOAN 0000021964572
LAST_NAME ALLGOOD
ADDRESS 741 WOODLANE ROAD
CITY EDGEWATER P
STATE NJ
ZIP 080100000
MORT $119,000.00
BAL $119,000.00
RATE 11.450
PAI $1,264.95
CLTV 85.000
MATURITY 180217
FEE 0.5000
LOAN 0000021964580
LAST_NAME WESLOSKY
ADDRESS 63 MOUNT LEBANON ROAD
CITY LEBANON TOW
STATE NJ
ZIP 078650000
MORT $127,200.00
BAL $125,320.51
RATE 9.990
PAI $1,680.25
CLTV 60.571
MATURITY 71120
FEE 0.5000
LOAN 0000021964614
LAST_NAME CONDY
ADDRESS 2639 MARTIN AVENUE
CITY BELLMORE
STATE NY
ZIP 117100000
MORT $140,000.00
BAL $139,180.97
RATE 7.900
PAI $1,329.84
CLTV 80.000
MATURITY 121201
FEE 0.5000
LOAN 0000021964648
LAST_NAME SHERMAN
ADDRESS 760 HAMILTON AVE
CITY MENLO PARK
STATE CA
ZIP 940280000
MORT $112,000.00
BAL $112,000.00
RATE 9.650
PAI $954.04
CLTV 74.666
MATURITY 280201
FEE 0.5000
LOAN 0000021964655
LAST_NAME HATTEN
ADDRESS 673 KILBORNE DRIVE
CITY GASTONIA
STATE NC
ZIP 280520000
MORT $58,590.00
BAL $58,334.69
RATE 11.550
PAI $626.84
CLTV 90.000
MATURITY 171014
FEE 0.5000
LOAN 0000021964663
LAST_NAME BLACK
ADDRESS 1199 LEE ROAD 76
CITY WAVERLY
STATE AL
ZIP 368790000
MORT $34,800.00
BAL $34,262.47
RATE 9.200
PAI $444.61
CLTV 80.000
MATURITY 71104
FEE 0.5000
LOAN 0000021964705
LAST_NAME SPANN
ADDRESS 700 GAY STREET
CITY WESTWOOD
STATE MA
ZIP 020900000
MORT $167,500.00
BAL $167,155.85
RATE 9.350
PAI $1,390.14
CLTV 50.757
MATURITY 121105
FEE 0.5000
LOAN 0000021964721
LAST_NAME HARGRETT
ADDRESS 2061 NW 2 TERRACE
CITY POMPANO BEA
STATE FL
ZIP 330690000
MORT $20,000.00
BAL $19,901.23
RATE 9.800
PAI $262.10
CLTV 60.521
MATURITY 80113
FEE 0.5000
LOAN 0000021964747
LAST_NAME DAVIS
ADDRESS 1771 LAKESIDE DRIVE
CITY MONROE TOWN
STATE NJ
ZIP 080940000
MORT $42,700.00
BAL $42,429.33
RATE 10.250
PAI $419.16
CLTV 57.702
MATURITY 171114
FEE 0.5000
LOAN 0000021964754
LAST_NAME LIND
ADDRESS 5500 MOUNTAIN SPRINGS COU
CITY GAHANNA
STATE OH
ZIP 432300000
MORT $28,000.00
BAL $27,860.64
RATE 9.706
PAI $295.87
CLTV 79.951
MATURITY 121126
FEE 0.5000
LOAN 0000021964770
LAST_NAME DARBY
ADDRESS 2614 COUNTY ROAD 66
CITY PRATTVILLE
STATE AL
ZIP 360670000
MORT $46,000.00
BAL $45,781.15
RATE 10.200
PAI $499.96
CLTV 79.310
MATURITY 121201
FEE 0.5000
LOAN 0000021964796
LAST_NAME ELLIS
ADDRESS 9 BUXMONT LANE
CITY WILLINGBORO
STATE NJ
ZIP 080460000
MORT $57,000.00
BAL $56,463.06
RATE 10.700
PAI $775.53
CLTV 72.151
MATURITY 80101
FEE 0.5000
LOAN 0000021964838
LAST_NAME NELSON
ADDRESS 229 WARREN ROAD
CITY EL DORADO
STATE KS
ZIP 670420000
MORT $69,600.00
BAL $69,600.00
RATE 7.650
PAI $831.63
CLTV 80.000
MATURITY 80217
FEE 0.5000
LOAN 0000021964853
LAST_NAME WILLIAMS
ADDRESS 2217 N 39TH STREET
CITY OMAHA
STATE NE
ZIP 681110000
MORT $20,250.00
BAL $20,242.77
RATE 10.990
PAI $192.69
CLTV 90.000
MATURITY 130121
FEE 0.5000
LOAN 0000021964879
LAST_NAME FOSTER
ADDRESS 1212 LAKE POINT DRIVE
CITY BIRMINGHAM
STATE AL
ZIP 352440000
MORT $95,648.00
BAL $95,648.00
RATE 9.200
PAI $783.41
CLTV 85.000
MATURITY 130211
FEE 0.5000
LOAN 0000021964895
LAST_NAME ZISK
ADDRESS 101 WHITTINGTON AVENUE
CITY NORWICH
STATE CT
ZIP 063600000
MORT $76,000.00
BAL $75,384.75
RATE 8.850
PAI $764.08
CLTV 80.000
MATURITY 121110
FEE 0.5000
LOAN 0000021964903
LAST_NAME CHRISTENSEN
ADDRESS 3431 ASHVILLE STREET
CITY PHILADELPHI
STATE PA
ZIP 191360000
MORT $64,000.00
BAL $63,768.12
RATE 7.500
PAI $515.58
CLTV 80.000
MATURITY 171201
FEE 0.5000
LOAN 0000021964929
LAST_NAME LEONARD
ADDRESS 2100 CONFEDERATE STREET
CITY MONROE
STATE NC
ZIP 281100000
MORT $49,200.00
BAL $48,840.89
RATE 10.000
PAI $528.71
CLTV 80.000
MATURITY 121125
FEE 0.5000
LOAN 0000021964945
LAST_NAME MUZER
ADDRESS 11184 WREN ROAD
CITY BROOKSVILLE
STATE FL
ZIP 346140000
MORT $50,400.00
BAL $50,337.03
RATE 12.700
PAI $545.73
CLTV 90.000
MATURITY 120919
FEE 0.5000
LOAN 0000021964952
LAST_NAME EDGEHILL
ADDRESS 6 VICTORIA CIR
CITY NATICK
STATE MA
ZIP 017600000
MORT $260,000.00
BAL $259,538.56
RATE 8.650
PAI $2,026.88
CLTV 80.000
MATURITY 121030
FEE 0.5000
LOAN 0000021965033
LAST_NAME BACHOK
ADDRESS 921 RATZER ROAD
CITY WAYNE
STATE NJ
ZIP 074700000
MORT $25,000.00
BAL $24,941.81
RATE 8.750
PAI $196.68
CLTV 80.031
MATURITY 121024
FEE 0.5000
LOAN 0000021965041
LAST_NAME BECHHOFER
ADDRESS 10 APPEL DRIVE
CITY SHIRLEY
STATE NY
ZIP 119670000
MORT $43,500.00
BAL $42,969.56
RATE 7.500
PAI $403.25
CLTV 42.647
MATURITY 121001
FEE 0.5000
LOAN 0000021965058
LAST_NAME JOHNSON
ADDRESS 12 KING ROAD
CITY FRANKLIN TO
STATE NJ
ZIP 088730000
MORT $45,450.00
BAL $45,450.00
RATE 9.400
PAI $471.87
CLTV 74.572
MATURITY 130210
FEE 0.5000
LOAN 0000021965066
LAST_NAME WEIDNER
ADDRESS 166 MILBURN STREET
CITY ROCHESTER
STATE NY
ZIP 146070000
MORT $91,700.00
BAL $90,917.10
RATE 8.250
PAI $889.62
CLTV 69.469
MATURITY 121024
FEE 0.5000
LOAN 0000021965082
LAST_NAME GAYLE
ADDRESS RTE 5 BOX 7AA
CITY ASHOSKIE
STATE NC
ZIP 279100000
MORT $96,000.00
BAL $95,711.08
RATE 8.990
PAI $863.12
CLTV 80.000
MATURITY 171204
FEE 0.5000
LOAN 0000021965124
LAST_NAME GLEN
ADDRESS 37 N PERKINS AVENUE
CITY ELMSFORD
STATE NY
ZIP 105230000
MORT $47,500.00
BAL $46,785.51
RATE 9.990
PAI $627.45
CLTV 31.437
MATURITY 71118
FEE 0.5000
LOAN 0000021965132
LAST_NAME HUGHES
ADDRESS 1741 LAKEVILLE ROAD
CITY LEONARD
STATE MI
ZIP 483670000
MORT $55,500.00
BAL $55,500.00
RATE 9.050
PAI $564.58
CLTV 75.000
MATURITY 130223
FEE 0.5000
LOAN 0000021965157
LAST_NAME KMIECIAK
ADDRESS 1436 SAXON AVENUE
CITY BAY SHORE
STATE NY
ZIP 117060000
MORT $115,500.00
BAL $114,593.81
RATE 9.200
PAI $1,185.26
CLTV 77.000
MATURITY 121121
FEE 0.5000
LOAN 0000021965165
LAST_NAME LYNCH
ADDRESS 3008 GOAT HILL ROAD
CITY BELAIR
STATE MD
ZIP 210150000
MORT $97,000.00
BAL $96,158.89
RATE 8.750
PAI $969.47
CLTV 71.323
MATURITY 121205
FEE 0.5000
LOAN 0000021965207
LAST_NAME DIXON
ADDRESS 2448 CAPE LEONARD DRIVE
CITY ST. LEONARD
STATE MD
ZIP 206850000
MORT $149,600.00
BAL $149,339.91
RATE 8.750
PAI $1,176.90
CLTV 84.759
MATURITY 121020
FEE 0.5000
LOAN 0000021965223
LAST_NAME STEPHENS
ADDRESS 214 KING DAVID LANE
CITY GASTONIA
STATE NC
ZIP 280560000
MORT $65,450.00
BAL $65,392.61
RATE 11.950
PAI $670.71
CLTV 85.000
MATURITY 121029
FEE 0.5000
LOAN 0000021965231
LAST_NAME MERRYMAN
ADDRESS 514 LOBLOLLY COURT
CITY FOLEY
STATE AL
ZIP 365350000
MORT $99,365.00
BAL $99,275.77
RATE 9.950
PAI $868.33
CLTV 84.927
MATURITY 271201
FEE 0.5000
LOAN 0000021965256
LAST_NAME HOUSTON
ADDRESS 910 LEESBURG COURT
CITY HUNTINGTOWN
STATE MD
ZIP 206390000
MORT $120,000.00
BAL $119,064.99
RATE 8.800
PAI $1,064.28
CLTV 80.000
MATURITY 170929
FEE 0.5000
LOAN 0000021965280
LAST_NAME LEWCZAK
ADDRESS 427 HARPER AVENUE
CITY BRICK
STATE NJ
ZIP 087240000
MORT $20,000.00
BAL $20,000.00
RATE 9.400
PAI $257.71
CLTV 79.845
MATURITY 80217
FEE 0.5000
LOAN 0000021965298
LAST_NAME ELSTON
ADDRESS 10689 SALEM AVENUE
CITY THURMONT
STATE MD
ZIP 217880000
MORT $19,200.00
BAL $19,017.04
RATE 10.500
PAI $259.08
CLTV 75.517
MATURITY 71212
FEE 0.5000
LOAN 0000021965314
LAST_NAME HARRIS
ADDRESS 24 CHURCH STREET
CITY BIG FLATS
STATE NY
ZIP 148140000
MORT $36,000.00
BAL $35,813.26
RATE 9.250
PAI $370.51
CLTV 80.000
MATURITY 121211
FEE 0.5000
LOAN 0000021965330
LAST_NAME BLAKE
ADDRESS 132-04 158TH STREET
CITY JAMAICA
STATE NY
ZIP 114340000
MORT $43,300.00
BAL $43,199.38
RATE 10.990
PAI $446.64
CLTV 79.848
MATURITY 171211
FEE 0.5000
LOAN 0000021965348
LAST_NAME GODWIN
ADDRESS 4014 HELLERMAN STREET
CITY PHILADELPHI
STATE PA
ZIP 191350000
MORT $39,000.00
BAL $38,882.56
RATE 9.000
PAI $350.89
CLTV 75.000
MATURITY 171128
FEE 0.5000
LOAN 0000021965389
LAST_NAME NYE
ADDRESS 15118 KNOLL DRIVE
CITY HARVEST
STATE AL
ZIP 357490000
MORT $106,200.00
BAL $106,102.71
RATE 11.750
PAI $1,071.99
CLTV 90.000
MATURITY 271021
FEE 0.5000
LOAN 0000021965405
LAST_NAME KUSHNIR
ADDRESS 231 MEADOW BROOK ROAD
CITY WYCKOFF
STATE NJ
ZIP 074810000
MORT $46,300.00
BAL $45,957.45
RATE 9.850
PAI $493.30
CLTV 77.425
MATURITY 121201
FEE 0.5000
LOAN 0000021965439
LAST_NAME KISIELIS
ADDRESS 358 DIVISION STREET
CITY AMSTERDAM
STATE NY
ZIP 120100000
MORT $33,000.00
BAL $32,836.41
RATE 9.750
PAI $349.59
CLTV 48.529
MATURITY 121204
FEE 0.5000
LOAN 0000021965447
LAST_NAME AIGOTTI
ADDRESS 111 SOUTH 6TH STREET
CITY NEW HYDE PA
STATE NY
ZIP 110400000
MORT $102,000.00
BAL $101,683.59
RATE 8.750
PAI $901.38
CLTV 63.354
MATURITY 171208
FEE 0.5000
LOAN 0000021965488
LAST_NAME PALMER
ADDRESS 2334 FAIRGREN AVENUE
CITY DELTONA
STATE FL
ZIP 327380000
MORT $31,900.00
BAL $30,952.14
RATE 8.650
PAI $398.08
CLTV 53.166
MATURITY 71128
FEE 0.5000
LOAN 0000021965496
LAST_NAME MACK
ADDRESS 11083 GIFFORD DRIVE
CITY SPRING HILL
STATE FL
ZIP 346080000
MORT $48,050.00
BAL $47,463.05
RATE 9.500
PAI $447.89
CLTV 78.770
MATURITY 171204
FEE 0.5000
LOAN 0000021965520
LAST_NAME SANGABRIEL
ADDRESS 650 MAYFAIR LANE
CITY BUFFALO GRO
STATE IL
ZIP 600890000
MORT $45,900.00
BAL $45,677.39
RATE 9.990
PAI $492.96
CLTV 59.643
MATURITY 121126
FEE 0.5000
LOAN 0000021965553
LAST_NAME NICINSKI
ADDRESS 3815 WENONAH
CITY BERWYN
STATE IL
ZIP 604020000
MORT $67,500.00
BAL $67,416.06
RATE 9.740
PAI $579.44
CLTV 51.923
MATURITY 271121
FEE 0.5000
LOAN 0000021965561
LAST_NAME PERRY
ADDRESS 3901 WESTRA DRIVE
CITY RALEIGH
STATE NC
ZIP 276040000
MORT $84,000.00
BAL $83,862.71
RATE 9.250
PAI $691.05
CLTV 80.000
MATURITY 121107
FEE 0.5000
LOAN 0000021965587
LAST_NAME KINGSLAND
ADDRESS 708 NORTH ELBERT COURT
CITY HANNA CITY
STATE IL
ZIP 615360000
MORT $73,600.00
BAL $72,699.42
RATE 8.990
PAI $931.94
CLTV 80.000
MATURITY 71204
FEE 0.5000
LOAN 0000021965603
LAST_NAME CAVANAUGH
ADDRESS 712 W SOUTHERN AVENUE
CITY COVINGTON
STATE KY
ZIP 410150000
MORT $61,600.00
BAL $61,426.67
RATE 8.300
PAI $599.40
CLTV 80.000
MATURITY 130127
FEE 0.5000
LOAN 0000021965611
LAST_NAME MCFALL
ADDRESS 20375 SW SEIFFERT ROAD
CITY SHERWOOD
STATE OR
ZIP 971400000
MORT $45,000.00
BAL $45,000.00
RATE 8.450
PAI $389.10
CLTV 36.621
MATURITY 180211
FEE 0.5000
LOAN 0000021965637
LAST_NAME NELSON
ADDRESS 3104 BAKER STREET
CITY BALTIMORE
STATE MD
ZIP 212160000
MORT $35,000.00
BAL $34,902.03
RATE 10.500
PAI $349.44
CLTV 70.000
MATURITY 171210
FEE 0.5000
LOAN 0000021965660
LAST_NAME WEATHERFORD
ADDRESS 5509 GENE STREET
CITY PARAGOULD
STATE AR
ZIP 724500000
MORT $45,000.00
BAL $45,000.00
RATE 9.550
PAI $420.93
CLTV 90.000
MATURITY 180217
FEE 0.5000
LOAN 0000021965678
LAST_NAME MOLENAER
ADDRESS 23 DENNIS ROAD
CITY WAPPINGERS
STATE NY
ZIP 125900000
MORT $45,000.00
BAL $44,878.65
RATE 9.850
PAI $429.80
CLTV 78.016
MATURITY 171211
FEE 0.5000
LOAN 0000021965710
LAST_NAME ONEILL
ADDRESS 106 WILFRED AVENUE
CITY TRENTON
STATE NJ
ZIP 086100000
MORT $77,900.00
BAL $77,650.64
RATE 8.500
PAI $676.03
CLTV 73.490
MATURITY 171209
FEE 0.5000
LOAN 0000021965728
LAST_NAME BARR
ADDRESS 108 MOON DRIVE
CITY LANGEHORNE
STATE PA
ZIP 190470000
MORT $152,000.00
BAL $151,672.81
RATE 7.700
PAI $1,083.70
CLTV 80.000
MATURITY 271201
FEE 0.5000
LOAN 0000021965736
LAST_NAME COIA
ADDRESS 6143 HEGERMAN STREET
CITY PHILADELPHI
STATE PA
ZIP 191350000
MORT $39,000.00
BAL $38,778.85
RATE 7.500
PAI $314.18
CLTV 79.591
MATURITY 171201
FEE 0.5000
LOAN 0000021965744
LAST_NAME CELLA
ADDRESS 576 LAMOKA AVENUE
CITY STATEN ISLA
STATE NY
ZIP 103120000
MORT $146,800.00
BAL $146,330.04
RATE 8.500
PAI $1,273.96
CLTV 80.000
MATURITY 171126
FEE 0.5000
LOAN 0000021965751
LAST_NAME STRUSS
ADDRESS 1189 E COUNTY ROAD 500 NO
CITY PAXTON
STATE IL
ZIP 609570000
MORT $53,600.00
BAL $53,245.72
RATE 8.300
PAI $458.39
CLTV 80.000
MATURITY 171001
FEE 0.5000
LOAN 0000021965777
LAST_NAME COOPER
ADDRESS 2734 BELVEDERE COURT
CITY MOBILE
STATE AL
ZIP 366060000
MORT $53,600.00
BAL $53,506.81
RATE 8.750
PAI $421.67
CLTV 80.000
MATURITY 271110
FEE 0.5000
LOAN 0000021965793
LAST_NAME HUTCHINSON
ADDRESS 49 MEADOWWOOD ROAD
CITY ROCHESTER
STATE NY
ZIP 146160000
MORT $72,000.00
BAL $71,372.49
RATE 11.250
PAI $829.69
CLTV 90.000
MATURITY 121024
FEE 0.5000
LOAN 0000021965827
LAST_NAME BURRELL
ADDRESS 1310 EDENVILLE DRIVE
CITY DISTRICT HE
STATE MD
ZIP 207470000
MORT $19,050.00
BAL $19,005.73
RATE 10.990
PAI $196.50
CLTV 85.000
MATURITY 171211
FEE 0.5000
LOAN 0000021965843
LAST_NAME STEFANIDIS
ADDRESS 796 FRANKLIN AVENUE
CITY NO VALLEY S
STATE NY
ZIP 115800000
MORT $30,000.00
BAL $29,663.30
RATE 8.450
PAI $294.54
CLTV 49.714
MATURITY 120926
FEE 0.5000
LOAN 0000021965850
LAST_NAME ROBBINS
ADDRESS 693 POLAND CENTER ROAD
CITY KENNEDY
STATE NY
ZIP 147470000
MORT $47,500.00
BAL $45,566.31
RATE 9.550
PAI $615.94
CLTV 76.612
MATURITY 71120
FEE 0.5000
LOAN 0000021965876
LAST_NAME MATTHEWS
ADDRESS 2 HUNTER DRIVE
CITY SPRINGFIELD
STATE NJ
ZIP 080160000
MORT $15,000.00
BAL $14,604.83
RATE 9.200
PAI $122.86
CLTV 15.000
MATURITY 121117
FEE 0.5000
LOAN 0000021965884
LAST_NAME MAIORANA
ADDRESS 83 VICTOR STREET
CITY PLAINVIEW
STATE NY
ZIP 118030000
MORT $33,300.00
BAL $33,136.43
RATE 9.850
PAI $354.79
CLTV 79.990
MATURITY 121204
FEE 0.5000
LOAN 0000021965900
LAST_NAME ROCK
ADDRESS 468 IRISH SETTLEMENT ROAD
CITY PLATTSBURGH
STATE NY
ZIP 129010000
MORT $13,000.00
BAL $12,822.46
RATE 8.990
PAI $116.88
CLTV 35.135
MATURITY 171126
FEE 0.5000
LOAN 0000021965918
LAST_NAME SORCHINI
ADDRESS 17 STONE STREET
CITY NORTH PLAIN
STATE NJ
ZIP 070600000
MORT $54,000.00
BAL $53,738.09
RATE 9.990
PAI $579.96
CLTV 76.544
MATURITY 121120
FEE 0.5000
LOAN 0000021965926
LAST_NAME YEARICK
ADDRESS 341 DODGE AVENUE
CITY CORNING
STATE NY
ZIP 148300000
MORT $46,700.00
BAL $46,521.01
RATE 7.400
PAI $323.34
CLTV 74.126
MATURITY 121001
FEE 0.5000
LOAN 0000021965942
LAST_NAME MONTGOMERY
ADDRESS 6011 HIGHGATE DRIVE
CITY BALTIMORE
STATE MD
ZIP 212150000
MORT $93,500.00
BAL $93,393.43
RATE 10.750
PAI $872.81
CLTV 85.000
MATURITY 121118
FEE 0.5000
LOAN 0000021965967
LAST_NAME SAUNDERS
ADDRESS 30-A ANGELL ROAD
CITY GLOCESTER
STATE RI
ZIP 028140000
MORT $82,500.00
BAL $82,329.43
RATE 7.900
PAI $599.61
CLTV 53.225
MATURITY 271101
FEE 0.5000
LOAN 0000021965975
LAST_NAME LEOCE
ADDRESS 93 BLUEBERRY LANE
CITY HICKSVILLE
STATE NY
ZIP 118010000
MORT $46,000.00
BAL $45,311.06
RATE 9.750
PAI $601.54
CLTV 44.363
MATURITY 71120
FEE 0.5000
LOAN 0000021966007
LAST_NAME ABERNATHY
ADDRESS 1649 E. CENTRAL STREET
CITY SPRINGFIELD
STATE MO
ZIP 658020000
MORT $28,000.00
BAL $28,000.00
RATE 9.150
PAI $228.33
CLTV 70.000
MATURITY 280202
FEE 0.5000
LOAN 0000021966015
LAST_NAME JENKINS
ADDRESS 2270 16TH STREET WEST
CITY JACKSONVILL
STATE FL
ZIP 322090000
MORT $52,000.00
BAL $51,723.89
RATE 8.990
PAI $527.11
CLTV 54.166
MATURITY 121203
FEE 0.5000
LOAN 0000021966049
LAST_NAME LAVELLE
ADDRESS 7211 MINTWOOD LANE
CITY FAYETTEVILL
STATE NY
ZIP 130660000
MORT $46,000.00
BAL $45,314.91
RATE 9.850
PAI $604.08
CLTV 56.063
MATURITY 71117
FEE 0.5000
LOAN 0000021966064
LAST_NAME WARWICK
ADDRESS 6846 WESTVIEW DRIVE
CITY PERRY
STATE NY
ZIP 145300000
MORT $39,750.00
BAL $39,023.23
RATE 8.990
PAI $402.93
CLTV 73.611
MATURITY 121126
FEE 0.5000
LOAN 0000021966072
LAST_NAME YOUNGER
ADDRESS 234 E SEIBERLING ROAD
CITY BLUE MOUND
STATE IL
ZIP 625130000
MORT $56,000.00
BAL $55,435.18
RATE 9.500
PAI $724.63
CLTV 73.684
MATURITY 71204
FEE 0.5000
LOAN 0000021966114
LAST_NAME WIANT
ADDRESS 1132 NORTH COLUMBIA AVENU
CITY SPRINGFIELD
STATE IL
ZIP 627020000
MORT $35,000.00
BAL $34,907.31
RATE 9.990
PAI $337.53
CLTV 77.777
MATURITY 171202
FEE 0.5000
LOAN 0000021966148
LAST_NAME LARRINAGA
ADDRESS 238 HUBBARD AVENUE
CITY SALT LAKE C
STATE UT
ZIP 841110000
MORT $22,700.00
BAL $22,589.90
RATE 9.990
PAI $243.80
CLTV 84.391
MATURITY 121204
FEE 0.5000
LOAN 0000021966155
LAST_NAME RUOCCO
ADDRESS 1151 MILE SQUARE ROAD
CITY YONKERS
STATE NY
ZIP 107040000
MORT $12,600.00
BAL $12,476.40
RATE 9.990
PAI $166.44
CLTV 32.055
MATURITY 71208
FEE 0.5000
LOAN 0000021966163
LAST_NAME ONEILL
ADDRESS 106 WILFRED AVENUE
CITY TRENTON
STATE NJ
ZIP 086100000
MORT $11,500.00
BAL $11,396.57
RATE 11.500
PAI $161.68
CLTV 84.339
MATURITY 71209
FEE 0.5000
LOAN 0000021966171
LAST_NAME HEARD
ADDRESS 1504 W. 73RD STREET
CITY CHICAGO
STATE IL
ZIP 606360000
MORT $40,800.00
BAL $40,770.77
RATE 11.000
PAI $388.55
CLTV 80.000
MATURITY 121218
FEE 0.5000
LOAN 0000021966189
LAST_NAME HINDS
ADDRESS 1814 E DIANA STREET
CITY TAMPA
STATE FL
ZIP 336100000
MORT $49,300.00
BAL $49,246.50
RATE 9.050
PAI $398.45
CLTV 85.000
MATURITY 121212
FEE 0.5000
LOAN 0000021966205
LAST_NAME IVAN
ADDRESS 25115 SEND ST.
CITY ROSEVILLE
STATE MI
ZIP 480660000
MORT $30,000.00
BAL $29,735.75
RATE 10.750
PAI $336.28
CLTV 84.643
MATURITY 121211
FEE 0.5000
LOAN 0000021966213
LAST_NAME GAVIGAN
ADDRESS 44 VALLEY VIEW ROAD
CITY NORWALK
STATE CT
ZIP 068510000
MORT $166,400.00
BAL $166,400.00
RATE 8.750
PAI $1,309.07
CLTV 80.000
MATURITY 271230
FEE 0.5000
LOAN 0000021966221
LAST_NAME RYAN
ADDRESS 309 ADAM STREET
CITY LESLIE
STATE MI
ZIP 492510000
MORT $48,000.00
BAL $47,865.78
RATE 9.990
PAI $462.89
CLTV 75.000
MATURITY 171124
FEE 0.5000
LOAN 0000021966247
LAST_NAME REALDINE
ADDRESS 208 SOUTH ATLANTIC AVENUE
CITY HADDONFIELD
STATE NJ
ZIP 080330000
MORT $95,600.00
BAL $95,242.41
RATE 7.750
PAI $974.33
CLTV 76.480
MATURITY 110109
FEE 0.5000
LOAN 0000021966254
LAST_NAME WRIGHT
ADDRESS 1585 W SOUTH DRIVE
CITY PLEASANT LA
STATE IN
ZIP 467790000
MORT $22,300.00
BAL $22,240.00
RATE 9.990
PAI $215.05
CLTV 48.676
MATURITY 171121
FEE 0.5000
LOAN 0000021966288
LAST_NAME BYRD
ADDRESS 2503 LORRING DR.
CITY DISTRICT HE
STATE MD
ZIP 207470000
MORT $94,000.00
BAL $93,717.10
RATE 8.990
PAI $845.14
CLTV 76.422
MATURITY 171203
FEE 0.5000
LOAN 0000021966304
LAST_NAME PAOLINI
ADDRESS 4 ASHLEIGH COURT
CITY GLEN COVE
STATE NY
ZIP 115420000
MORT $92,300.00
BAL $91,943.99
RATE 10.250
PAI $906.06
CLTV 53.064
MATURITY 171126
FEE 0.5000
LOAN 0000021966312
LAST_NAME MERCADO
ADDRESS 1746 N TROY
CITY CHICAGO
STATE IL
ZIP 606390000
MORT $37,000.00
BAL $36,819.08
RATE 9.900
PAI $395.34
CLTV 22.155
MATURITY 121201
FEE 0.5000
LOAN 0000021966320
LAST_NAME BIXLER
ADDRESS 813 WEST AVE.
CITY MEDINA
STATE NY
ZIP 141030000
MORT $86,400.00
BAL $86,123.42
RATE 8.500
PAI $749.80
CLTV 80.000
MATURITY 171204
FEE 0.5000
LOAN 0000021966346
LAST_NAME HARPER
ADDRESS 22 GREEN IVY CIRCLE
CITY ROCHESTER
STATE NY
ZIP 146230000
MORT $65,000.00
BAL $64,680.70
RATE 9.850
PAI $692.54
CLTV 77.380
MATURITY 121209
FEE 0.5000
LOAN 0000021966353
LAST_NAME JASPAN
ADDRESS 11 BARBARA LANE
CITY BRICK TOWNS
STATE NJ
ZIP 087240000
MORT $24,000.00
BAL $23,989.27
RATE 9.950
PAI $209.73
CLTV 80.000
MATURITY 121209
FEE 0.5000
LOAN 0000021966361
LAST_NAME JOHNSON
ADDRESS 276 COUNTY ROAD 1223
CITY CULLMAN
STATE AL
ZIP 350570000
MORT $97,600.00
BAL $97,525.39
RATE 10.700
PAI $907.41
CLTV 80.000
MATURITY 271206
FEE 0.5000
LOAN 0000021966387
LAST_NAME DENNISON
ADDRESS 5694 SINGLETREE DRIVE
CITY FREDERICK
STATE MD
ZIP 217010000
MORT $119,250.00
BAL $119,124.58
RATE 9.200
PAI $976.72
CLTV 75.000
MATURITY 121208
FEE 0.5000
LOAN 0000021966395
LAST_NAME WHITSON
ADDRESS 205 MAPLEWOOD DRIVE
CITY NORTH AUROR
STATE IL
ZIP 605420000
MORT $114,400.00
BAL $114,229.67
RATE 7.500
PAI $799.90
CLTV 80.000
MATURITY 271201
FEE 0.5000
LOAN 0000021966403
LAST_NAME LANG
ADDRESS 721 GALEN DRIVE
CITY STATE COLLE
STATE PA
ZIP 168030000
MORT $70,400.00
BAL $70,252.94
RATE 7.850
PAI $509.23
CLTV 80.000
MATURITY 121201
FEE 0.5000
LOAN 0000021966411
LAST_NAME BELL
ADDRESS 1020 SHADOW DRIVE
CITY BROOKSVILLE
STATE FL
ZIP 346010000
MORT $116,000.00
BAL $115,796.24
RATE 8.700
PAI $908.43
CLTV 76.065
MATURITY 121103
FEE 0.5000
LOAN 0000021966429
LAST_NAME GRAHAM
ADDRESS 749 QUICK ROAD
CITY RUFFIN
STATE NC
ZIP 273260000
MORT $67,200.00
BAL $67,127.46
RATE 11.000
PAI $639.96
CLTV 80.963
MATURITY 121201
FEE 0.5000
LOAN 0000021966437
LAST_NAME GALLAGHER
ADDRESS 12 EDISON LANE
CITY BILLERICA
STATE MA
ZIP 018620000
MORT $131,000.00
BAL $130,902.78
RATE 7.500
PAI $915.97
CLTV 79.393
MATURITY 280101
FEE 0.5000
LOAN 0000021966445
LAST_NAME TIGERT
ADDRESS 106 BELLEVUE LANE
CITY BECKLEY
STATE WV
ZIP 258010000
MORT $59,360.00
BAL $59,036.51
RATE 8.700
PAI $591.52
CLTV 80.000
MATURITY 121201
FEE 0.5000
LOAN 0000021966460
LAST_NAME CAMPBELL
ADDRESS 20670 HUBER ROAD
CITY ATHENS
STATE AL
ZIP 356140000
MORT $92,000.00
BAL $91,847.66
RATE 10.750
PAI $858.80
CLTV 87.619
MATURITY 271212
FEE 0.5000
LOAN 0000021966478
LAST_NAME SCHOENHERR
ADDRESS 217 W MAPLE AVE
CITY WILDWOOD
STATE NJ
ZIP 082600000
MORT $23,200.00
BAL $23,169.61
RATE 10.100
PAI $205.32
CLTV 80.000
MATURITY 121101
FEE 0.5000
LOAN 0000021966486
LAST_NAME THREATT
ADDRESS 1500 COVINGTON AVENUE
CITY OPELIKA
STATE AL
ZIP 368010000
MORT $90,780.00
BAL $90,746.91
RATE 10.900
PAI $857.67
CLTV 85.000
MATURITY 280101
FEE 0.5000
LOAN 0000021966494
LAST_NAME BRAUN
ADDRESS 817 KENDRICK STREET
CITY PHILADELPHI
STATE PA
ZIP 191110000
MORT $33,000.00
BAL $32,834.91
RATE 9.650
PAI $347.59
CLTV 84.007
MATURITY 121208
FEE 0.5000
LOAN 0000021966502
LAST_NAME BARRON
ADDRESS 208 SHADY GROVE DRIVE
CITY HOPE HULL
STATE AL
ZIP 360430000
MORT $62,000.00
BAL $61,956.08
RATE 11.050
PAI $592.78
CLTV 87.323
MATURITY 271208
FEE 0.5000
LOAN 0000021966528
LAST_NAME LYDEN
ADDRESS 357 CLEMENTS ROAD
CITY LIBERTY
STATE NY
ZIP 127540000
MORT $62,000.00
BAL $61,659.21
RATE 7.900
PAI $748.96
CLTV 68.888
MATURITY 80101
FEE 0.5000
LOAN 0000021966536
LAST_NAME GOINS
ADDRESS 3805 AFTON BRAE DRIVE
CITY ANNISTON
STATE AL
ZIP 362070000
MORT $75,100.00
BAL $75,043.81
RATE 10.800
PAI $703.87
CLTV 75.858
MATURITY 121125
FEE 0.5000
LOAN 0000021966544
LAST_NAME MCMEEKIN
ADDRESS 407 HILL STREET
CITY RAINBOW CIT
STATE AL
ZIP 359060000
MORT $65,025.00
BAL $64,966.69
RATE 10.000
PAI $570.64
CLTV 84.448
MATURITY 121126
FEE 0.5000
LOAN 0000021966551
LAST_NAME PEOPLES
ADDRESS 907 HALLS CHAPEL ROAD
CITY ALEXANDRIA
STATE AL
ZIP 362500000
MORT $33,000.00
BAL $32,755.82
RATE 9.850
PAI $351.60
CLTV 62.264
MATURITY 121126
FEE 0.5000
LOAN 0000021966569
LAST_NAME MURDAUGH
ADDRESS 113 OUR DREAM CT
CITY WALTERBORO
STATE SC
ZIP 294880000
MORT $52,200.00
BAL $52,164.19
RATE 11.200
PAI $505.02
CLTV 90.000
MATURITY 121121
FEE 0.5000
LOAN 0000021966577
LAST_NAME MCCORMICK
ADDRESS 303 S COLVIN STREET
CITY ANNISTON
STATE AL
ZIP 362010000
MORT $34,400.00
BAL $34,309.60
RATE 10.050
PAI $333.11
CLTV 80.000
MATURITY 171124
FEE 0.5000
LOAN 0000021966585
LAST_NAME GOLDEN
ADDRESS ROUTE 1 BOX 1105
CITY BOX SPRINGS
STATE GA
ZIP 318010000
MORT $33,500.00
BAL $33,333.93
RATE 9.750
PAI $354.89
CLTV 65.686
MATURITY 121126
FEE 0.5000
LOAN 0000021966601
LAST_NAME TOMKINSON
ADDRESS 45 BROADWAY
CITY BATTLE CREE
STATE MI
ZIP 490170000
MORT $51,300.00
BAL $51,300.00
RATE 9.450
PAI $476.51
CLTV 90.000
MATURITY 180225
FEE 0.5000
LOAN 0000021966619
LAST_NAME CRUMP
ADDRESS 680 12TH AVENUE N
CITY SAFETY HARB
STATE FL
ZIP 346950000
MORT $57,000.00
BAL $56,936.75
RATE 10.500
PAI $521.41
CLTV 81.428
MATURITY 280126
FEE 0.5000
LOAN 0000021966635
LAST_NAME RITZE
ADDRESS 24753 W FAIR OAKS DRIVE
CITY BRAIDWOOD
STATE IL
ZIP 604080000
MORT $35,600.00
BAL $35,073.97
RATE 9.990
PAI $470.26
CLTV 42.726
MATURITY 71203
FEE 0.5000
LOAN 0000021966676
LAST_NAME PEGRAM
ADDRESS 268 CRICKET IVEY LN
CITY NORTH WILKE
STATE NC
ZIP 286510000
MORT $68,400.00
BAL $68,227.12
RATE 10.350
PAI $676.02
CLTV 90.000
MATURITY 171119
FEE 0.5000
LOAN 0000021966684
LAST_NAME SMITH
ADDRESS 214 HIGGINS
CITY BANCROFT
STATE MI
ZIP 484140000
MORT $50,000.00
BAL $50,000.00
RATE 8.450
PAI $382.69
CLTV 73.529
MATURITY 130210
FEE 0.5000
LOAN 0000021966734
LAST_NAME BREW
ADDRESS 14530 LOCK DRIVE
CITY CENTERVILLE
STATE VA
ZIP 201200000
MORT $31,500.00
BAL $31,203.35
RATE 10.500
PAI $348.20
CLTV 38.134
MATURITY 121211
FEE 0.5000
LOAN 0000021966742
LAST_NAME JACKSON
ADDRESS 1830 NW 175 STREET
CITY MIAMI
STATE FL
ZIP 330560000
MORT $39,000.00
BAL $39,000.00
RATE 9.400
PAI $404.90
CLTV 57.551
MATURITY 130210
FEE 0.5000
LOAN 0000021966759
LAST_NAME TEER
ADDRESS 6510 HIGHWAY 49
CITY COLUMBIANA
STATE AL
ZIP 350510000
MORT $53,800.00
BAL $53,752.70
RATE 10.050
PAI $474.13
CLTV 82.769
MATURITY 121208
FEE 0.5000
LOAN 0000021966775
LAST_NAME HARRIS
ADDRESS 2690 GOSS STREET
CITY BIRMINGHAM
STATE AL
ZIP 352110000
MORT $52,200.00
BAL $52,159.66
RATE 10.650
PAI $483.36
CLTV 90.000
MATURITY 121201
FEE 0.5000
LOAN 0000021966817
LAST_NAME PRINCE
ADDRESS 8533 HWY 72
CITY KILLEN
STATE AL
ZIP 356450000
MORT $58,225.00
BAL $58,184.19
RATE 11.100
PAI $558.89
CLTV 85.000
MATURITY 121212
FEE 0.5000
LOAN 0000021966833
LAST_NAME CRAVER
ADDRESS 261 BURROW ROAD
CITY KING
STATE NC
ZIP 270210000
MORT $50,000.00
BAL $49,959.66
RATE 10.450
PAI $455.50
CLTV 58.139
MATURITY 121124
FEE 0.5000
LOAN 0000021966841
LAST_NAME WILLIS-MCGHE
ADDRESS 200 W. 114TH STREET
CITY KANSAS CITY
STATE MO
ZIP 641140000
MORT $40,500.00
BAL $40,500.00
RATE 10.050
PAI $436.46
CLTV 80.584
MATURITY 130227
FEE 0.5000
LOAN 0000021966858
LAST_NAME PHILLIPS
ADDRESS 16720 ROBIN HOOD DRIVE
CITY ORLAND PARK
STATE IL
ZIP 604620000
MORT $112,000.00
BAL $111,870.37
RATE 8.740
PAI $880.31
CLTV 80.000
MATURITY 121208
FEE 0.5000
LOAN 0000021966866
LAST_NAME CARSON
ADDRESS 6517 PRINCETON WOODS DR.
CITY MOBILE
STATE AL
ZIP 366180000
MORT $74,375.00
BAL $74,315.99
RATE 12.400
PAI $788.01
CLTV 85.000
MATURITY 121027
FEE 0.5000
LOAN 0000021966874
LAST_NAME MCGOVERN
ADDRESS 8282 OXBON ROAD
CITY WESTERVILLE
STATE OH
ZIP 430820000
MORT $168,000.00
BAL $167,648.39
RATE 7.840
PAI $1,214.04
CLTV 70.000
MATURITY 121126
FEE 0.5000
LOAN 0000021966882
LAST_NAME DENITTIS
ADDRESS 2207 WALSHIRE AVENUE
CITY BALTIMORE
STATE MD
ZIP 212140000
MORT $61,600.00
BAL $60,751.23
RATE 8.750
PAI $772.01
CLTV 80.000
MATURITY 71209
FEE 0.5000
LOAN 0000021966908
LAST_NAME MUIR
ADDRESS 7224 SHELLBURNE DR
CITY RALEIGH
STATE NC
ZIP 276120000
MORT $76,500.00
BAL $76,051.03
RATE 9.250
PAI $700.64
CLTV 87.428
MATURITY 171027
FEE 0.5000
LOAN 0000021966940
LAST_NAME LEBEAU
ADDRESS 350 LEBEAU LANE
CITY LEXINGTON
STATE NC
ZIP 272920000
MORT $58,500.00
BAL $58,419.90
RATE 11.490
PAI $578.88
CLTV 90.000
MATURITY 121210
FEE 0.5000
LOAN 0000021966973
LAST_NAME BARDWELL
ADDRESS 559 EDGE HILL ROAD
CITY ABINGTON TO
STATE PA
ZIP 190380000
MORT $90,600.00
BAL $90,146.82
RATE 8.200
PAI $769.14
CLTV 71.338
MATURITY 180114
FEE 0.5000
LOAN 0000021966999
LAST_NAME ZWIERKO
ADDRESS 12351 NORTHEAST 25TH AVEN
CITY SPARR
STATE FL
ZIP 321920000
MORT $62,500.00
BAL $62,135.10
RATE 8.990
PAI $633.55
CLTV 31.250
MATURITY 121216
FEE 0.5000
LOAN 0000021967005
LAST_NAME ROBUSTELLI
ADDRESS 5798 NE 7TH AVENUE
CITY BOCA RATON
STATE FL
ZIP 334870000
MORT $78,500.00
BAL $78,103.71
RATE 9.550
PAI $822.09
CLTV 76.158
MATURITY 121204
FEE 0.5000
LOAN 0000021967013
LAST_NAME ARENS
ADDRESS 2901 WABASH
CITY MICHIGAN CI
STATE IN
ZIP 463600000
MORT $21,933.00
BAL $21,826.22
RATE 9.950
PAI $235.03
CLTV 85.000
MATURITY 121220
FEE 0.5000
LOAN 0000021967054
LAST_NAME HUNT
ADDRESS 2602 FLEETWOOD AVENUE
CITY CINCINNATI
STATE OH
ZIP 452110000
MORT $101,600.00
BAL $101,492.01
RATE 9.150
PAI $828.49
CLTV 80.000
MATURITY 121219
FEE 0.5000
LOAN 0000021967070
LAST_NAME HARMAN
ADDRESS 1006 HAGEN DRIVE
CITY NEW PORT RI
STATE FL
ZIP 346550000
MORT $258,300.00
BAL $258,300.00
RATE 9.800
PAI $2,228.69
CLTV 90.000
MATURITY 280120
FEE 0.5000
LOAN 0000021967088
LAST_NAME ELLIOTT
ADDRESS 23 AYRES DRIVE
CITY RISING SUN
STATE MD
ZIP 219110000
MORT $90,000.00
BAL $89,919.87
RATE 9.990
PAI $789.15
CLTV 90.000
MATURITY 271202
FEE 0.5000
LOAN 0000021967096
LAST_NAME ALLEN
ADDRESS 305 BRITTON ROAD
CITY MORRICE
STATE MI
ZIP 488570000
MORT $77,775.00
BAL $77,530.50
RATE 9.750
PAI $823.92
CLTV 84.538
MATURITY 121222
FEE 0.5000
LOAN 0000021967138
LAST_NAME JOHNSON
ADDRESS 929 N DRAKE AVENUE
CITY CHICAGO
STATE IL
ZIP 606510000
MORT $45,000.00
BAL $44,755.63
RATE 8.740
PAI $449.49
CLTV 52.941
MATURITY 121212
FEE 0.5000
LOAN 0000021967179
LAST_NAME ELDER
ADDRESS 233 APPLE WAY
CITY FRANKFORT
STATE KY
ZIP 406010000
MORT $16,548.00
BAL $16,474.53
RATE 10.950
PAI $187.57
CLTV 85.000
MATURITY 121215
FEE 0.5000
LOAN 0000021967187
LAST_NAME SPIVEY
ADDRESS 6214 TRAVIS BOULEVARD
CITY HILLSBOROUG
STATE FL
ZIP 336100000
MORT $40,800.00
BAL $40,763.67
RATE 9.990
PAI $357.75
CLTV 60.000
MATURITY 271217
FEE 0.5000
LOAN 0000021967195
LAST_NAME BRANT
ADDRESS 908 COUNTRY LANE
CITY WATERTOWN
STATE WI
ZIP 530980000
MORT $105,000.00
BAL $104,905.79
RATE 8.100
PAI $777.79
CLTV 75.000
MATURITY 280126
FEE 0.5000
LOAN 0000021967203
LAST_NAME PERKINS
ADDRESS 1882 W CARRIAGE LANE
CITY KAYSVILLE
STATE UT
ZIP 840370000
MORT $252,000.00
BAL $251,708.96
RATE 8.750
PAI $1,982.49
CLTV 80.000
MATURITY 271208
FEE 0.5000
LOAN 0000021967252
LAST_NAME HART
ADDRESS 3214 N 63RD STREET
CITY SCOTTSDALE
STATE AZ
ZIP 852510000
MORT $44,000.00
BAL $43,874.80
RATE 9.450
PAI $408.71
CLTV 81.347
MATURITY 171217
FEE 0.5000
LOAN 0000021967344
LAST_NAME NASH
ADDRESS 2435 FIRST AVENUE NORTH
CITY SAINT PETER
STATE FL
ZIP 337100000
MORT $52,000.00
BAL $51,952.29
RATE 9.850
PAI $450.59
CLTV 80.000
MATURITY 121212
FEE 0.5000
LOAN 0000021967427
LAST_NAME MOORE
ADDRESS 1335 NE C STREET
CITY WASHINGTON
STATE DC
ZIP 200020000
MORT $54,000.00
BAL $53,919.69
RATE 9.500
PAI $454.06
CLTV 43.200
MATURITY 271124
FEE 0.5000
LOAN 0000021967468
LAST_NAME COOLEY
ADDRESS 710 MILLER AVENUE
CITY SHELBYVILLE
STATE IN
ZIP 461760000
MORT $87,300.00
BAL $87,217.38
RATE 9.750
PAI $750.05
CLTV 90.000
MATURITY 121208
FEE 0.5000
LOAN 0000021967476
LAST_NAME CARTER
ADDRESS 27 HOWARD AVENUE
CITY TINTON FALL
STATE NJ
ZIP 077240000
MORT $97,750.00
BAL $97,615.25
RATE 10.000
PAI $857.83
CLTV 85.000
MATURITY 280123
FEE 0.5000
LOAN 0000021967484
LAST_NAME SANCHEZ
ADDRESS 4819 W 22ND PLACE
CITY CICERO
STATE IL
ZIP 606500000
MORT $125,000.00
BAL $124,888.71
RATE 9.990
PAI $1,096.04
CLTV 73.529
MATURITY 271201
FEE 0.5000
LOAN 0000021967500
LAST_NAME BILLINGHAM
ADDRESS 4921 W MELROSE
CITY CHICAGO
STATE IL
ZIP 606410000
MORT $78,750.00
BAL $77,955.73
RATE 9.500
PAI $1,019.01
CLTV 66.176
MATURITY 71201
FEE 0.5000
LOAN 0000021967526
LAST_NAME KULBE
ADDRESS 2730 SOUTH JAY STREET
CITY DENVER
STATE CO
ZIP 802270000
MORT $156,800.00
BAL $156,328.10
RATE 8.990
PAI $1,409.76
CLTV 80.000
MATURITY 171205
FEE 0.5000
LOAN 0000021967542
LAST_NAME WOODWARD
ADDRESS 57 WILL VINA DRIVE
CITY COLLINSVILL
STATE IL
ZIP 622340000
MORT $13,500.00
BAL $13,338.64
RATE 9.750
PAI $176.54
CLTV 74.005
MATURITY 71211
FEE 0.5000
LOAN 0000021967575
LAST_NAME FANT
ADDRESS 422 S. ELLIS STREET
CITY JOANNA
STATE SC
ZIP 293510000
MORT $37,500.00
BAL $37,500.00
RATE 10.000
PAI $469.50
CLTV 57.692
MATURITY 90209
FEE 0.5000
LOAN 0000021967609
LAST_NAME SMITH
ADDRESS 3064 PREACHER HENRYS RD
CITY FAISON
STATE NC
ZIP 283410000
MORT $52,700.00
BAL $52,556.06
RATE 9.750
PAI $499.87
CLTV 85.000
MATURITY 171219
FEE 0.5000
LOAN 0000021967633
LAST_NAME ZITZELBERGER
ADDRESS 12629 TWIN BRANCH ACRES R
CITY TAMPA
STATE FL
ZIP 336260000
MORT $107,200.00
BAL $107,137.68
RATE 8.700
PAI $839.52
CLTV 80.000
MATURITY 121210
FEE 0.5000
LOAN 0000021967641
LAST_NAME VANDERGRIFF
ADDRESS 5951 WINDING LANE
CITY HIXSON
STATE TN
ZIP 373430000
MORT $53,600.00
BAL $53,551.86
RATE 9.950
PAI $468.40
CLTV 80.000
MATURITY 121202
FEE 0.5000
LOAN 0000021967658
LAST_NAME GATCH
ADDRESS 8340 SAYRE AVE
CITY BURBANK
STATE IL
ZIP 604590000
MORT $104,000.00
BAL $103,835.28
RATE 9.200
PAI $851.82
CLTV 80.000
MATURITY 271128
FEE 0.5000
LOAN 0000021967666
LAST_NAME PRIOLA
ADDRESS 6481 OAK PARK DRIVE
CITY MEMPHIS
STATE TN
ZIP 381340000
MORT $67,500.00
BAL $67,133.79
RATE 8.750
PAI $674.63
CLTV 75.000
MATURITY 121125
FEE 0.5000
LOAN 0000021967674
LAST_NAME DUNHAM
ADDRESS 8528 WILLOWDALE AVE SE
CITY MAGNOLIA
STATE OH
ZIP 446430000
MORT $72,500.00
BAL $72,368.14
RATE 10.400
PAI $657.78
CLTV 63.043
MATURITY 121124
FEE 0.5000
LOAN 0000021967690
LAST_NAME RUSSO
ADDRESS 634 W MASSACHUSETTS STREE
CITY HERNANDO
STATE FL
ZIP 344420000
MORT $85,600.00
BAL $85,451.17
RATE 8.750
PAI $673.42
CLTV 80.000
MATURITY 121126
FEE 0.5000
LOAN 0000021967716
LAST_NAME MCCANE
ADDRESS 6310 SKYLINE COURT
CITY SPRINGHILL
STATE FL
ZIP 346060000
MORT $40,000.00
BAL $39,873.89
RATE 8.750
PAI $353.49
CLTV 80.000
MATURITY 171126
FEE 0.5000
LOAN 0000021967724
LAST_NAME VENNER
ADDRESS 172 PARK COURT
CITY WADSWORTH
STATE OH
ZIP 442810000
MORT $86,400.00
BAL $86,325.79
RATE 9.900
PAI $751.85
CLTV 80.000
MATURITY 121120
FEE 0.5000
LOAN 0000021967732
LAST_NAME LEX
ADDRESS 2470 ROYAL VIEW DRIVE
CITY ALLISON PAR
STATE PA
ZIP 151010000
MORT $80,000.00
BAL $79,931.15
RATE 10.150
PAI $710.95
CLTV 80.000
MATURITY 121202
FEE 0.5000
LOAN 0000021967781
LAST_NAME FEATHERS
ADDRESS 704 FEATHERS LANE
CITY JAMESTOWN
STATE SC
ZIP 294530000
MORT $87,900.00
BAL $87,793.14
RATE 10.450
PAI $800.77
CLTV 78.834
MATURITY 271121
FEE 0.5000
LOAN 0000021967799
LAST_NAME BUNTEN
ADDRESS 19733 DUBOSE ROAD
CITY SUMMERDALE
STATE AL
ZIP 365800000
MORT $47,030.00
BAL $46,969.06
RATE 10.150
PAI $417.94
CLTV 72.353
MATURITY 121117
FEE 0.5000
LOAN 0000021967823
LAST_NAME NEAL
ADDRESS 15400 SUNNY COURT
CITY SILVERHILL
STATE AL
ZIP 365760000
MORT $50,850.00
BAL $50,708.09
RATE 10.450
PAI $463.25
CLTV 90.000
MATURITY 271210
FEE 0.5000
LOAN 0000021967849
LAST_NAME WALKER
ADDRESS 6762 WALLIS DRIVE
CITY LITHIA SPRI
STATE GA
ZIP 300570000
MORT $45,000.00
BAL $44,961.84
RATE 12.100
PAI $466.34
CLTV 73.770
MATURITY 271125
FEE 0.5000
LOAN 0000021967856
LAST_NAME ARROYO
ADDRESS 224 17TH STREET
CITY BROOKLYN
STATE NY
ZIP 112100000
MORT $155,000.00
BAL $154,625.69
RATE 9.990
PAI $1,664.69
CLTV 47.692
MATURITY 130105
FEE 0.5000
LOAN 0000021967872
LAST_NAME MOTHERSHEAD
ADDRESS 19245 OAK STREET
CITY CITRONELLE
STATE AL
ZIP 365220000
MORT $72,000.00
BAL $71,915.12
RATE 8.650
PAI $561.29
CLTV 80.000
MATURITY 121201
FEE 0.5000
LOAN 0000021967880
LAST_NAME COTNEY
ADDRESS 140 PARSONS LN
CITY JACKSONS GA
STATE AL
ZIP 368610000
MORT $85,000.00
BAL $84,313.35
RATE 9.500
PAI $887.59
CLTV 54.838
MATURITY 121119
FEE 0.5000
LOAN 0000021967906
LAST_NAME GONZALEZ
ADDRESS 4540 KNOLLWOOD STREET
CITY TAMPA
STATE FL
ZIP 336140000
MORT $52,000.00
BAL $51,774.87
RATE 9.350
PAI $479.63
CLTV 80.000
MATURITY 171119
FEE 0.5000
LOAN 0000021967914
LAST_NAME LENT
ADDRESS 36 SPLIT TREE DRIVE
CITY WAPPINGERS
STATE NY
ZIP 125900000
MORT $124,000.00
BAL $123,743.59
RATE 7.900
PAI $901.24
CLTV 80.000
MATURITY 271101
FEE 0.5000
LOAN 0000021967955
LAST_NAME HALL
ADDRESS 618 TOWNSEND DRIVE
CITY RINGGOLD
STATE GA
ZIP 307360000
MORT $25,000.00
BAL $25,000.00
RATE 9.300
PAI $258.05
CLTV 39.144
MATURITY 130213
FEE 0.5000
LOAN 0000021968003
LAST_NAME LIPSCOMB
ADDRESS 213 PINE CIRCLE
CITY DUNBAR
STATE WV
ZIP 250640000
MORT $81,450.00
BAL $81,076.50
RATE 10.600
PAI $905.40
CLTV 90.000
MATURITY 121209
FEE 0.5000
LOAN 0000021968011
LAST_NAME HART
ADDRESS 912 HOLLY STREET
CITY SUMTER
STATE SC
ZIP 291540000
MORT $33,750.00
BAL $33,730.70
RATE 13.850
PAI $395.89
CLTV 75.000
MATURITY 121112
FEE 0.5000
LOAN 0000021968052
LAST_NAME STEWART
ADDRESS 18 DELLINGER AVENUE
CITY BATAVIA
STATE NY
ZIP 140200000
MORT $50,000.00
BAL $49,837.91
RATE 8.400
PAI $430.76
CLTV 68.493
MATURITY 171215
FEE 0.5000
LOAN 0000021968060
LAST_NAME VITALE
ADDRESS 360 BADEN PLACE
CITY STATEN ISLA
STATE NY
ZIP 103060000
MORT $17,200.00
BAL $17,200.00
RATE 9.200
PAI $219.75
CLTV 56.723
MATURITY 80216
FEE 0.5000
LOAN 0000021968086
LAST_NAME WININSKY
ADDRESS 1009 ADELAIDE STREET
CITY HERMITAGE
STATE PA
ZIP 161480000
MORT $54,000.00
BAL $54,000.00
RATE 9.450
PAI $562.26
CLTV 90.000
MATURITY 130204
FEE 0.5000
LOAN 0000021968094
LAST_NAME DEY
ADDRESS 5214 ROUTE 130
CITY CITY OF BOR
STATE NJ
ZIP 085050000
MORT $113,500.00
BAL $113,406.44
RATE 10.350
PAI $1,025.52
CLTV 67.159
MATURITY 121217
FEE 0.5000
LOAN 0000021968128
LAST_NAME WALL
ADDRESS 31 CIRCLE BOULEVARD
CITY WEST MILFOR
STATE NJ
ZIP 074350000
MORT $130,050.00
BAL $129,497.62
RATE 9.500
PAI $1,212.24
CLTV 85.000
MATURITY 171208
FEE 0.5000
LOAN 0000021968227
LAST_NAME SOLTES
ADDRESS 9 DONNA DRIVE
CITY CITY OF CLI
STATE NJ
ZIP 070130000
MORT $101,200.00
BAL $100,224.64
RATE 10.300
PAI $1,354.23
CLTV 57.828
MATURITY 71211
FEE 0.5000
LOAN 0000021968235
LAST_NAME CARROLL
ADDRESS 303 OREGON TRAIL
CITY WALKER VALL
STATE NY
ZIP 125660000
MORT $78,300.00
BAL $78,252.56
RATE 8.500
PAI $602.06
CLTV 78.300
MATURITY 130122
FEE 0.5000
LOAN 0000021968268
LAST_NAME LUGO
ADDRESS 2233 W MCCLEAN
CITY CHICAGO
STATE IL
ZIP 606470000
MORT $87,200.00
BAL $86,294.89
RATE 8.990
PAI $1,104.14
CLTV 52.848
MATURITY 80101
FEE 0.5000
LOAN 0000021968276
LAST_NAME DICKERSON
ADDRESS 21811 MAGNOLIA SPRINGS RD
CITY PASCAGOULAS
STATE MS
ZIP 395810000
MORT $49,500.00
BAL $49,393.99
RATE 11.990
PAI $544.69
CLTV 90.000
MATURITY 171212
FEE 0.5000
LOAN 0000021968284
LAST_NAME WASHINGTON
ADDRESS 7466 SMITH AVENUE
CITY HAMILTON TO
STATE NJ
ZIP 083300000
MORT $66,000.00
BAL $65,916.25
RATE 10.250
PAI $591.43
CLTV 65.346
MATURITY 121117
FEE 0.5000
LOAN 0000021968292
LAST_NAME WILSON
ADDRESS 2203 GUSMUS AVENUE
CITY MUSCLE SHOA
STATE AL
ZIP 356610000
MORT $112,000.00
BAL $112,000.00
RATE 7.900
PAI $929.86
CLTV 80.000
MATURITY 180211
FEE 0.5000
LOAN 0000021968318
LAST_NAME VITTI
ADDRESS 155 MADISON STREET
CITY MAMARONECK
STATE NY
ZIP 105430000
MORT $168,000.00
BAL $167,726.96
RATE 8.350
PAI $1,442.04
CLTV 80.000
MATURITY 180120
FEE 0.5000
LOAN 0000021968326
LAST_NAME TURNER
ADDRESS 122 CARRIAGE HOUSE TRAIL
CITY GARNER
STATE NC
ZIP 275290000
MORT $27,990.00
BAL $27,716.33
RATE 10.350
PAI $375.34
CLTV 84.994
MATURITY 71202
FEE 0.5000
LOAN 0000021968359
LAST_NAME LEWIS
ADDRESS 909 ANARAINE ROAD
CITY FAYETTEVILL
STATE NC
ZIP 283030000
MORT $33,800.00
BAL $33,710.50
RATE 9.990
PAI $325.95
CLTV 61.454
MATURITY 171202
FEE 0.5000
LOAN 0000021968367
LAST_NAME JOHNSON
ADDRESS 11637 NORWOOD RD
CITY RALEIGH
STATE NC
ZIP 276130000
MORT $30,500.00
BAL $30,205.19
RATE 10.250
PAI $407.30
CLTV 83.692
MATURITY 71216
FEE 0.5000
LOAN 0000021968383
LAST_NAME EVANS
ADDRESS 3022 PIERPOINT DRIVE
CITY MOBILE
STATE AL
ZIP 366060000
MORT $61,600.00
BAL $61,474.67
RATE 11.990
PAI $677.84
CLTV 80.000
MATURITY 171216
FEE 0.5000
LOAN 0000021968391
LAST_NAME LEECH
ADDRESS 1387 S SENECA AVE
CITY ALLIANCE
STATE OH
ZIP 446010000
MORT $26,600.00
BAL $26,248.44
RATE 8.200
PAI $257.29
CLTV 66.666
MATURITY 121215
FEE 0.5000
LOAN 0000021968409
LAST_NAME WILLIAMSON
ADDRESS 811 WEST TEXAS
CITY ARTESIA
STATE NM
ZIP 882100000
MORT $125,000.00
BAL $124,669.40
RATE 10.000
PAI $1,206.28
CLTV 75.075
MATURITY 171203
FEE 0.5000
LOAN 0000021968417
LAST_NAME ZINGARO
ADDRESS 42 PASSAIC AVENUE
CITY HASBROUCK H
STATE NJ
ZIP 076040000
MORT $159,000.00
BAL $158,528.10
RATE 9.100
PAI $1,440.81
CLTV 69.130
MATURITY 171218
FEE 0.5000
LOAN 0000021968433
LAST_NAME STARR
ADDRESS 37 KIRKWOOD CIRCLE
CITY CITY OF BRI
STATE NJ
ZIP 082030000
MORT $99,200.00
BAL $99,145.25
RATE 8.950
PAI $794.62
CLTV 79.360
MATURITY 130101
FEE 0.5000
LOAN 0000021968458
LAST_NAME COLELLI
ADDRESS 67 BRIARWOOD PATH
CITY CLARK TOWNS
STATE NJ
ZIP 070660000
MORT $80,750.00
BAL $80,530.85
RATE 9.800
PAI $768.59
CLTV 85.000
MATURITY 171215
FEE 0.5000
LOAN 0000021968474
LAST_NAME BRUMBY
ADDRESS 570 RUTHERFORD AVENUE
CITY CITY OF TRE
STATE NJ
ZIP 086180000
MORT $61,200.00
BAL $61,087.59
RATE 12.900
PAI $770.31
CLTV 85.000
MATURITY 121222
FEE 0.5000
LOAN 0000021968508
LAST_NAME IZQUIERDO
ADDRESS 8975 SW 199TH STREET
CITY MIAMI
STATE FL
ZIP 331570000
MORT $97,000.00
BAL $96,957.08
RATE 10.000
PAI $851.25
CLTV 76.377
MATURITY 280201
FEE 0.5000
LOAN 0000021968524
LAST_NAME BECKETT
ADDRESS 530 SAINT JOE STREET
CITY CITY OF TRE
STATE NJ
ZIP 086380000
MORT $29,600.00
BAL $29,401.07
RATE 10.900
PAI $334.58
CLTV 80.000
MATURITY 121128
FEE 0.5000
LOAN 0000021968532
LAST_NAME BEDNARSKI
ADDRESS 38 POQUANTICUT AVENUE
CITY EASTON
STATE MA
ZIP 023340000
MORT $75,000.00
BAL $74,772.00
RATE 8.000
PAI $627.33
CLTV 48.387
MATURITY 180113
FEE 0.5000
LOAN 0000021968540
LAST_NAME MOORE
ADDRESS 319 ROUTE 47 NORTH
CITY MIDDLE TOWN
STATE NJ
ZIP 082180000
MORT $85,500.00
BAL $85,454.50
RATE 12.350
PAI $902.57
CLTV 90.000
MATURITY 121215
FEE 0.5000
LOAN 0000021968565
LAST_NAME WARREN
ADDRESS 111 CHARLES AVENUE
CITY BOROUGH OF
STATE NJ
ZIP 080490000
MORT $44,600.00
BAL $43,919.10
RATE 9.990
PAI $589.15
CLTV 49.555
MATURITY 71128
FEE 0.5000
LOAN 0000021968573
LAST_NAME ROSARIO
ADDRESS 461463 3RD AVENUE
CITY CITY OF NEW
STATE NJ
ZIP 071070000
MORT $105,200.00
BAL $103,349.12
RATE 10.850
PAI $1,440.21
CLTV 79.696
MATURITY 71208
FEE 0.5000
LOAN 0000021968615
LAST_NAME HOFLUND
ADDRESS 1 ORCHARD STREET
CITY MILLBURN TO
STATE NJ
ZIP 070410000
MORT $175,400.00
BAL $175,262.97
RATE 10.600
PAI $1,617.58
CLTV 86.831
MATURITY 121222
FEE 0.5000
LOAN 0000021968623
LAST_NAME WOODY
ADDRESS 74 MAIN STREET
CITY TOWNSHIP OF
STATE NJ
ZIP 083110000
MORT $51,000.00
BAL $50,770.41
RATE 10.800
PAI $573.28
CLTV 68.918
MATURITY 121215
FEE 0.5000
LOAN 0000021968771
LAST_NAME SCHILDKRAUT
ADDRESS 444 5TH STREET
CITY BROOKLYN
STATE NY
ZIP 112150000
MORT $400,000.00
BAL $399,187.78
RATE 7.990
PAI $2,932.28
CLTV 74.766
MATURITY 271028
FEE 0.5000
LOAN 0000021968813
LAST_NAME EASON
ADDRESS 6400 GREEN ISLAND DRIVE
CITY COLUMBUS
STATE GA
ZIP 319040000
MORT $60,000.00
BAL $60,000.00
RATE 9.550
PAI $561.24
CLTV 75.000
MATURITY 180202
FEE 0.5000
LOAN 0000021968821
LAST_NAME KING, JR.
ADDRESS 21 ROBBINS PLACE
CITY YONKERS
STATE NY
ZIP 107050000
MORT $148,000.00
BAL $147,937.94
RATE 10.250
PAI $1,326.23
CLTV 80.000
MATURITY 130108
FEE 0.5000
LOAN 0000021968854
LAST_NAME WARREN
ADDRESS 1015 W CIRCLE DRIVE
CITY ROSSVILLE
STATE GA
ZIP 307410000
MORT $29,000.00
BAL $29,000.00
RATE 11.350
PAI $283.87
CLTV 39.726
MATURITY 280210
FEE 0.5000
LOAN 0000021968862
LAST_NAME LOVERING
ADDRESS 1175-B BEAR MOUNTAIN DRIV
CITY BOULDER
STATE CO
ZIP 803030000
MORT $36,850.00
BAL $36,756.78
RATE 9.990
PAI $355.37
CLTV 69.198
MATURITY 180109
FEE 0.5000
LOAN 0000021968896
LAST_NAME REAL
ADDRESS 2012 ROOSEVELT AVENUE
CITY CINCINNATI
STATE OH
ZIP 452400000
MORT $47,200.00
BAL $47,144.34
RATE 8.650
PAI $367.96
CLTV 80.000
MATURITY 121217
FEE 0.5000
LOAN 0000021968912
LAST_NAME SANTORA
ADDRESS 12525 SW 240 STREET
CITY PRINCETON
STATE FL
ZIP 330320000
MORT $306,000.00
BAL $305,727.55
RATE 9.990
PAI $2,683.11
CLTV 85.000
MATURITY 121217
FEE 0.5000
LOAN 0000021968920
LAST_NAME FLUHARTY
ADDRESS 411 MIL-COW DRIVE
CITY BARNESVILLE
STATE OH
ZIP 437130000
MORT $40,000.00
BAL $39,877.45
RATE 8.850
PAI $356.05
CLTV 66.666
MATURITY 171215
FEE 0.5000
LOAN 0000021968938
LAST_NAME FRIEND
ADDRESS 249 GREENLAWN AVENUE
CITY MANSFIELD
STATE OH
ZIP 449030000
MORT $39,500.00
BAL $39,455.30
RATE 8.850
PAI $313.58
CLTV 64.754
MATURITY 121201
FEE 0.5000
LOAN 0000021969068
LAST_NAME PEIXOTO
ADDRESS 80 BUCK THORNE AVENUE
CITY EAST PROVID
STATE RI
ZIP 029150000
MORT $122,000.00
BAL $122,000.00
RATE 9.250
PAI $1,003.66
CLTV 79.738
MATURITY 280201
FEE 0.5000
LOAN 0000021969241
LAST_NAME RAGHOO
ADDRESS 132-18 109TH AVENUE
CITY RICHMOND HI
STATE NY
ZIP 114200000
MORT $33,000.00
BAL $32,990.02
RATE 11.750
PAI $333.11
CLTV 79.411
MATURITY 130113
FEE 0.5000
LOAN 0000021969308
LAST_NAME CRENSHAW
ADDRESS 2806 E. WALKUP AVENUE
CITY MONROE
STATE NC
ZIP 281100000
MORT $11,796.00
BAL $11,796.00
RATE 9.400
PAI $122.47
CLTV 79.592
MATURITY 130227
FEE 0.5000
LOAN 0000021969324
LAST_NAME BURKE
ADDRESS 4 ALEXANDRA COURT
CITY GLEN MILLS
STATE PA
ZIP 193420000
MORT $40,294.00
BAL $40,294.00
RATE 10.250
PAI $538.09
CLTV 84.946
MATURITY 80209
FEE 0.5000
LOAN 0000021969357
LAST_NAME HARTER
ADDRESS 3625 SW HERITAGE ROAD
CITY ROANOKE
STATE VA
ZIP 240150000
MORT $25,000.00
BAL $25,000.00
RATE 9.300
PAI $522.61
CLTV 62.916
MATURITY 30219
FEE 0.5000
LOAN 0000021969506
LAST_NAME RILEY
ADDRESS 1724 DIANE DRIVE
CITY MARRERO
STATE LA
ZIP 700720000
MORT $35,500.00
BAL $35,500.00
RATE 7.800
PAI $335.18
CLTV 50.714
MATURITY 130204
FEE 0.5000
LOAN 0000021969530
LAST_NAME GEORGE
ADDRESS 4613 CALHOUN ROAD
CITY MOBILE
STATE AL
ZIP 366190000
MORT $50,020.00
BAL $50,020.00
RATE 8.950
PAI $448.44
CLTV 69.958
MATURITY 180210
FEE 0.5000
LOAN 0000021969613
LAST_NAME STONE
ADDRESS 76 WOODY HILL ROAD
CITY HOPE VALLEY
STATE RI
ZIP 028320000
MORT $95,500.00
BAL $95,500.00
RATE 8.450
PAI $825.76
CLTV 66.783
MATURITY 180203
FEE 0.5000
LOAN 0000021969621
LAST_NAME COFFIELD
ADDRESS 39 ROBERT STREET
CITY MT. OLIVE T
STATE NJ
ZIP 078360000
MORT $153,000.00
BAL $153,000.00
RATE 8.850
PAI $1,538.21
CLTV 85.000
MATURITY 130209
FEE 0.5000
LOAN 0000021969639
LAST_NAME EICK
ADDRESS 2248 CRYSTAL DRIVE
CITY FT MYERS
STATE FL
ZIP 339070000
MORT $33,500.00
BAL $30,282.20
RATE 8.500
PAI $687.30
CLTV 37.222
MATURITY 20722
FEE 0.5000
LOAN 0000021969654
LAST_NAME SHAREK
ADDRESS 20110 QUESADA AVENUE
CITY PORT CHARLO
STATE FL
ZIP 339520000
MORT $76,000.00
BAL $75,622.45
RATE 8.500
PAI $584.37
CLTV 80.000
MATURITY 270624
FEE 0.5000
LOAN 0000021969688
LAST_NAME MCGUINN
ADDRESS 97 BECHSTEIN DRIVE
CITY ABERDEEN
STATE NJ
ZIP 077470000
MORT $132,800.00
BAL $132,800.00
RATE 10.200
PAI $1,185.09
CLTV 82.484
MATURITY 280204
FEE 0.5000
LOAN 0000021969696
LAST_NAME CHAVIS
ADDRESS 2691 SANTANA AVENUE
CITY ORLANDO
STATE FL
ZIP 328110000
MORT $60,000.00
BAL $59,740.07
RATE 8.500
PAI $461.35
CLTV 78.947
MATURITY 270702
FEE 0.5000
LOAN 0000021969761
LAST_NAME JOHNSON
ADDRESS 6 PEPPERTREE PLACE
CITY SEARCY
STATE AR
ZIP 721430000
MORT $56,000.00
BAL $56,000.00
RATE 7.900
PAI $531.94
CLTV 70.000
MATURITY 130203
FEE 0.5000
LOAN 0000021969803
LAST_NAME GONTESKI
ADDRESS 1633 WOODLAWN AVENUE
CITY VINELAND
STATE NJ
ZIP 083600000
MORT $60,500.00
BAL $60,263.04
RATE 9.400
PAI $504.31
CLTV 72.891
MATURITY 280126
FEE 0.5000
LOAN 0000021969852
LAST_NAME HAZLETT
ADDRESS 90 EAST 8TH AVENUE
CITY PINE HILL
STATE NJ
ZIP 080210000
MORT $74,800.00
BAL $74,800.00
RATE 9.900
PAI $674.44
CLTV 85.000
MATURITY 230120
FEE 0.5000
LOAN 0000021969894
LAST_NAME PEDONE
ADDRESS 18749 MONTEVERDE DRIVE
CITY SPRING HILL
STATE FL
ZIP 346100000
MORT $116,000.00
BAL $115,575.20
RATE 8.550
PAI $896.05
CLTV 80.000
MATURITY 270728
FEE 0.5000
LOAN 0000021969902
LAST_NAME TAYLOR
ADDRESS 12080 E 3 RD AVENUE
CITY AURORA
STATE CO
ZIP 800110000
MORT $66,500.00
BAL $66,179.55
RATE 8.650
PAI $518.41
CLTV 78.235
MATURITY 270520
FEE 0.5000
LOAN 0000021969910
LAST_NAME GILBERT
ADDRESS 5320 HOLTLAND DRIVE
CITY APOPKA
STATE FL
ZIP 327120000
MORT $70,100.00
BAL $69,718.55
RATE 8.650
PAI $546.48
CLTV 78.764
MATURITY 270528
FEE 0.5000
LOAN 0000021970025
LAST_NAME HORTON
ADDRESS 39 OVERLOOK AVENUE
CITY NORTH GREEN
STATE NY
ZIP 121800000
MORT $19,100.00
BAL $18,904.63
RATE 9.250
PAI $244.54
CLTV 27.285
MATURITY 71217
FEE 0.5000
LOAN 0000021970033
LAST_NAME COLE
ADDRESS 17 TALL TREE COURT
CITY COLD SPRING
STATE NY
ZIP 117240000
MORT $55,000.00
BAL $54,944.33
RATE 11.990
PAI $605.21
CLTV 57.477
MATURITY 171217
FEE 0.5000
LOAN 0000021970058
LAST_NAME CLARK
ADDRESS 1400 CUMBERLAND AVENUE
CITY EVANSVILLE
STATE IN
ZIP 477120000
MORT $28,800.00
BAL $28,484.07
RATE 8.650
PAI $359.39
CLTV 80.000
MATURITY 71217
FEE 0.5000
LOAN 0000021970066
LAST_NAME HOUCK
ADDRESS 1373 BROOKEDGE DRIVE
CITY HAMLIN
STATE NY
ZIP 144640000
MORT $13,000.00
BAL $12,879.57
RATE 10.990
PAI $179.00
CLTV 84.495
MATURITY 71217
FEE 0.5000
LOAN 0000021970090
LAST_NAME LOHSEN
ADDRESS 60 ROSEMARY LANE
CITY CENTERREACH
STATE NY
ZIP 117200000
MORT $32,000.00
BAL $31,683.58
RATE 9.850
PAI $420.23
CLTV 75.525
MATURITY 71223
FEE 0.5000
LOAN 0000021970116
LAST_NAME ARMENTA
ADDRESS 6670 NORTHWIND DRIVE
CITY COLORADO SP
STATE CO
ZIP 809180000
MORT $19,100.00
BAL $18,912.64
RATE 9.990
PAI $252.30
CLTV 67.245
MATURITY 71212
FEE 0.5000
LOAN 0000021970157
LAST_NAME ROBINSON
ADDRESS 152 HIGHLAND AVENUE
CITY WEST HAVEN
STATE CT
ZIP 065160000
MORT $80,000.00
BAL $80,000.00
RATE 10.450
PAI $728.80
CLTV 80.000
MATURITY 280201
FEE 0.5000
LOAN 0000021970165
LAST_NAME ALONSO
ADDRESS 1441 67TH STREET
CITY BROOKLYN
STATE NY
ZIP 112190000
MORT $20,100.00
BAL $19,901.25
RATE 9.850
PAI $263.96
CLTV 79.048
MATURITY 71212
FEE 0.5000
LOAN 0000021970181
LAST_NAME BLACKWOOD
ADDRESS 27 CHESTNUT STREET
CITY GLOVERSVILL
STATE NY
ZIP 120780000
MORT $36,800.00
BAL $36,685.83
RATE 8.750
PAI $325.21
CLTV 80.000
MATURITY 171224
FEE 0.5000
LOAN 0000021970207
LAST_NAME O'DONNELL
ADDRESS 10655 NORTHWOOD CIRCLE
CITY CHARDON
STATE OH
ZIP 440240000
MORT $87,000.00
BAL $87,000.00
RATE 8.000
PAI $831.42
CLTV 50.581
MATURITY 130204
FEE 0.5000
LOAN 0000021970223
LAST_NAME BAKER
ADDRESS 1228 BURNHAM STREET
CITY COLORADO SP
STATE CO
ZIP 809060000
MORT $70,000.00
BAL $69,968.97
RATE 9.990
PAI $613.78
CLTV 80.459
MATURITY 121223
FEE 0.5000
LOAN 0000021970249
LAST_NAME INMAN
ADDRESS 1301 WEST 17TH STREET
CITY MUNCIE
STATE IN
ZIP 473020000
MORT $30,100.00
BAL $30,065.19
RATE 10.990
PAI $310.48
CLTV 79.210
MATURITY 171222
FEE 0.5000
LOAN 0000021970256
LAST_NAME FELKER
ADDRESS 376 LIBERTY CORNERS ROAD
CITY PINE ISLAND
STATE NY
ZIP 109690000
MORT $46,500.00
BAL $46,032.33
RATE 9.550
PAI $602.97
CLTV 38.429
MATURITY 71218
FEE 0.5000
LOAN 0000021970272
LAST_NAME COTUGNO
ADDRESS 2 JEFFERSON AVENUE
CITY RENSSELAER
STATE NY
ZIP 121440000
MORT $18,400.00
BAL $18,305.97
RATE 9.990
PAI $197.61
CLTV 70.758
MATURITY 121215
FEE 0.5000
LOAN 0000021970280
LAST_NAME KNIGHT
ADDRESS 13390 SHERMAN
CITY WARREN
STATE MI
ZIP 480890000
MORT $39,500.00
BAL $38,783.85
RATE 9.500
PAI $368.19
CLTV 71.818
MATURITY 171218
FEE 0.5000
LOAN 0000021970314
LAST_NAME DUNGUS
ADDRESS 150-51 COOLIDGE AVENUE
CITY JAMAICA
STATE NY
ZIP 114320000
MORT $30,150.00
BAL $30,013.64
RATE 10.750
PAI $337.97
CLTV 84.889
MATURITY 121224
FEE 0.5000
LOAN 0000021970371
LAST_NAME KNIGHT
ADDRESS 2017 N HOLLEMAN CIRCLE
CITY MOBILE
STATE AL
ZIP 366180000
MORT $38,000.00
BAL $38,000.00
RATE 8.800
PAI $380.92
CLTV 67.857
MATURITY 130202
FEE 0.5000
LOAN 0000021970439
LAST_NAME COOPER
ADDRESS 307 HIGHLAND DRIVE
CITY MAYBROOK
STATE NY
ZIP 125430000
MORT $60,000.00
BAL $59,644.66
RATE 10.250
PAI $588.99
CLTV 75.379
MATURITY 171224
FEE 0.5000
LOAN 0000021970447
LAST_NAME LOWE
ADDRESS 33 DOWNING STREET
CITY BUFFALO
STATE NY
ZIP 142200000
MORT $41,000.00
BAL $40,876.62
RATE 8.990
PAI $368.62
CLTV 56.944
MATURITY 171223
FEE 0.5000
LOAN 0000021970454
LAST_NAME CATAPANO
ADDRESS 47 AVENUE A
CITY PORT WASHIN
STATE NY
ZIP 110500000
MORT $41,100.00
BAL $41,004.48
RATE 10.990
PAI $423.95
CLTV 84.872
MATURITY 171212
FEE 0.5000
LOAN 0000021970462
LAST_NAME GROSS
ADDRESS 17 WEST 18TH ROAD
CITY BROAD CHANN
STATE NY
ZIP 116930000
MORT $41,000.00
BAL $40,777.11
RATE 8.750
PAI $409.77
CLTV 29.818
MATURITY 121219
FEE 0.5000
LOAN 0000021970496
LAST_NAME FLEMING
ADDRESS 223 YELLOW MILLS ROAD
CITY PALMYRA
STATE NY
ZIP 145220000
MORT $85,000.00
BAL $84,938.98
RATE 10.990
PAI $808.83
CLTV 85.000
MATURITY 121213
FEE 0.5000
LOAN 0000021970504
LAST_NAME INGELLIS
ADDRESS 513 THIRD STREET
CITY EAST NORTHP
STATE NY
ZIP 117310000
MORT $13,800.00
BAL $13,462.16
RATE 10.990
PAI $190.02
CLTV 33.843
MATURITY 71223
FEE 0.5000
LOAN 0000021970512
LAST_NAME FLETCHER
ADDRESS 4629 NW 40TH STREET
CITY GAINESVILLE
STATE FL
ZIP 326060000
MORT $78,900.00
BAL $78,481.04
RATE 8.990
PAI $799.79
CLTV 75.000
MATURITY 121223
FEE 0.5000
LOAN 0000021970546
LAST_NAME HILLER
ADDRESS 14 AUDUBON PLACE
CITY HUNTINGTON
STATE NY
ZIP 117430000
MORT $40,700.00
BAL $40,573.74
RATE 8.750
PAI $359.67
CLTV 19.107
MATURITY 171222
FEE 0.5000
LOAN 0000021970561
LAST_NAME HAYES
ADDRESS 648 HENRY STREET
CITY HUNTINGTON
STATE IN
ZIP 467500000
MORT $16,100.00
BAL $15,942.07
RATE 9.990
PAI $212.67
CLTV 77.080
MATURITY 71217
FEE 0.5000
LOAN 0000021970579
LAST_NAME ELMENDORF
ADDRESS 159 KEATING PLACE
CITY STATEN ISLA
STATE NY
ZIP 103140000
MORT $21,400.00
BAL $21,305.35
RATE 10.990
PAI $243.10
CLTV 74.716
MATURITY 121217
FEE 0.5000
LOAN 0000021970611
LAST_NAME DOMOLIN
ADDRESS 4 LINDEN PLACE
CITY BEACON
STATE NY
ZIP 125080000
MORT $96,800.00
BAL $96,688.03
RATE 10.990
PAI $998.50
CLTV 84.912
MATURITY 171224
FEE 0.5000
LOAN 0000021970629
LAST_NAME MILETTI
ADDRESS 243 KING STREET
CITY JAMESTOWN
STATE NY
ZIP 147010000
MORT $26,000.00
BAL $24,858.20
RATE 8.990
PAI $263.55
CLTV 33.333
MATURITY 121216
FEE 0.5000
LOAN 0000021970637
LAST_NAME HERMAN
ADDRESS 107 HYDE PARKWAY
CITY PALMYRA
STATE NY
ZIP 145220000
MORT $21,600.00
BAL $21,386.43
RATE 9.850
PAI $283.65
CLTV 65.122
MATURITY 71217
FEE 0.5000
LOAN 0000021970652
LAST_NAME HAMM
ADDRESS 306 E STERLING AVE.
CITY EVANS
STATE NY
ZIP 140060000
MORT $21,300.00
BAL $21,205.79
RATE 10.990
PAI $241.96
CLTV 79.802
MATURITY 121215
FEE 0.5000
LOAN 0000021970660
LAST_NAME NICHOLSON
ADDRESS 7015 CHANTICLEER STREET
CITY DURHAM
STATE NC
ZIP 277130000
MORT $61,000.00
BAL $60,838.47
RATE 9.990
PAI $588.26
CLTV 62.564
MATURITY 171218
FEE 0.5000
LOAN 0000021970686
LAST_NAME HEIM
ADDRESS 8327 ROHR HILL ROAD
CITY EAST OTTO
STATE NY
ZIP 147290000
MORT $106,200.00
BAL $106,077.15
RATE 10.990
PAI $1,095.46
CLTV 90.000
MATURITY 171223
FEE 0.5000
LOAN 0000021970702
LAST_NAME EHRENREICH
ADDRESS 12441 RIDGE ROAD
CITY MEDINA
STATE NY
ZIP 141030000
MORT $51,000.00
BAL $50,856.15
RATE 9.500
PAI $475.39
CLTV 63.750
MATURITY 171219
FEE 0.5000
LOAN 0000021970710
LAST_NAME MOULDER
ADDRESS 1975 MORRIS ROAD
CITY BLUE BELL
STATE PA
ZIP 194220000
MORT $106,950.00
BAL $106,772.88
RATE 8.200
PAI $907.94
CLTV 59.416
MATURITY 180122
FEE 0.5000
LOAN 0000021970736
LAST_NAME MAXWELL
ADDRESS 2203 JUDGE ROAD
CITY OAKFIELD
STATE NY
ZIP 141250000
MORT $24,500.00
BAL $24,435.11
RATE 9.990
PAI $236.27
CLTV 48.039
MATURITY 171223
FEE 0.5000
LOAN 0000021970785
LAST_NAME NIETHE
ADDRESS 433 PROSPECT STREET
CITY LOCKPORT
STATE NY
ZIP 140940000
MORT $15,300.00
BAL $15,230.79
RATE 10.750
PAI $171.51
CLTV 79.063
MATURITY 121212
FEE 0.5000
LOAN 0000021970827
LAST_NAME QUIDONE
ADDRESS 44 PLEASANT VALLEY DRIVE
CITY TWP OF WEST
STATE NJ
ZIP 080960000
MORT $76,500.00
BAL $75,747.84
RATE 9.950
PAI $1,008.84
CLTV 59.765
MATURITY 71224
FEE 0.5000
LOAN 0000021970835
LAST_NAME FIELDS
ADDRESS 49 WESTSIDE AVE.
CITY BOROUGH OF
STATE NJ
ZIP 077010000
MORT $29,600.00
BAL $29,521.62
RATE 9.990
PAI $285.45
CLTV 31.157
MATURITY 171224
FEE 0.5000
LOAN 0000021970843
LAST_NAME BANTUM
ADDRESS 813 YORKTOWN ROAD
CITY PILESGROVE
STATE NJ
ZIP 080980000
MORT $33,000.00
BAL $32,972.50
RATE 10.300
PAI $296.94
CLTV 53.225
MATURITY 130101
FEE 0.5000
LOAN 0000021970850
LAST_NAME CURCIO
ADDRESS 777 BELLEVUE AVENUE
CITY TOWNSHIP OF
STATE NJ
ZIP 080370000
MORT $92,000.00
BAL $91,777.83
RATE 9.990
PAI $988.07
CLTV 54.117
MATURITY 130101
FEE 0.5000
LOAN 0000021970868
LAST_NAME REMLEIN
ADDRESS 317 E JIM LEEDS ROAD
CITY GALLOWAY TO
STATE NJ
ZIP 082010000
MORT $101,600.00
BAL $101,121.05
RATE 10.300
PAI $1,110.52
CLTV 80.000
MATURITY 121226
FEE 0.5000
LOAN 0000021970876
LAST_NAME PABIN
ADDRESS 15 UNION BOULEVARD
CITY BOROUGH OF
STATE NJ
ZIP 070570000
MORT $35,300.00
BAL $35,136.85
RATE 10.950
PAI $485.26
CLTV 23.533
MATURITY 80101
FEE 0.5000
LOAN 0000021970892
LAST_NAME SEARVANCE
ADDRESS 207 CLERK STREET
CITY CITY OF JER
STATE NJ
ZIP 073050000
MORT $66,400.00
BAL $66,312.45
RATE 9.990
PAI $640.33
CLTV 80.000
MATURITY 180101
FEE 0.5000
LOAN 0000021970900
LAST_NAME ROSENBERG
ADDRESS 1211 KOA DRIVE
CITY TOWNSHIP OF
STATE NJ
ZIP 087310000
MORT $61,600.00
BAL $61,567.04
RATE 9.100
PAI $500.09
CLTV 70.000
MATURITY 280101
FEE 0.5000
LOAN 0000021970918
LAST_NAME ANDREWS
ADDRESS 15 NO FOURTH STREET
CITY TOWN OF HAM
STATE NJ
ZIP 080370000
MORT $107,100.00
BAL $106,864.24
RATE 10.990
PAI $1,216.62
CLTV 90.000
MATURITY 121226
FEE 0.5000
LOAN 0000021970926
LAST_NAME MCCLINE
ADDRESS 528 SO 4TH AVENUE
CITY TOWNSHIP OF
STATE NJ
ZIP 082010000
MORT $114,000.00
BAL $113,932.97
RATE 11.900
PAI $1,163.85
CLTV 78.620
MATURITY 121219
FEE 0.5000
LOAN 0000021970942
LAST_NAME MCKINNEY
ADDRESS 3309 NORTH SHERIDAN AVENU
CITY LOVELAND
STATE CO
ZIP 805350000
MORT $47,350.00
BAL $47,174.62
RATE 9.990
PAI $456.62
CLTV 84.784
MATURITY 171218
FEE 0.5000
LOAN 0000021970975
LAST_NAME LEE
ADDRESS 107 HWY 10
CITY CALIFORNIA
STATE KY
ZIP 410070000
MORT $126,000.00
BAL $125,946.01
RATE 10.150
PAI $1,119.74
CLTV 90.000
MATURITY 130128
FEE 0.5000
LOAN 0000021971056
LAST_NAME MAJCHRZAK
ADDRESS 141 ARLINGTON PLACE
CITY DEPEW
STATE NY
ZIP 140430000
MORT $29,600.00
BAL $29,531.20
RATE 10.990
PAI $305.33
CLTV 83.304
MATURITY 171226
FEE 0.5000
LOAN 0000021971155
LAST_NAME CREELMAN
ADDRESS 20010 N 147TH AVENUE
CITY HASSAN TOWN
STATE MN
ZIP 553740000
MORT $185,000.00
BAL $185,000.00
RATE 7.650
PAI $1,507.37
CLTV 77.083
MATURITY 180225
FEE 0.5000
LOAN 0000021971171
LAST_NAME LEFLER
ADDRESS 30 NORTH BROAD STREET
CITY WEST CARTHA
STATE NY
ZIP 136190000
MORT $31,050.00
BAL $30,888.95
RATE 9.250
PAI $319.56
CLTV 70.568
MATURITY 121224
FEE 0.5000
LOAN 0000021971288
LAST_NAME ROBERSON
ADDRESS 13509 S. LOOMIS LANE
CITY CRESTWOOD
STATE IL
ZIP 604450000
MORT $60,000.00
BAL $59,860.56
RATE 10.990
PAI $618.90
CLTV 78.397
MATURITY 171203
FEE 0.5000
LOAN 0000021971320
LAST_NAME PRESTUP
ADDRESS 2344 ORCHARD CREST BLVD
CITY TOWNSHIP OF
STATE NJ
ZIP 087360000
MORT $288,000.00
BAL $287,549.26
RATE 8.650
PAI $2,526.74
CLTV 80.000
MATURITY 180101
FEE 0.5000
LOAN 0000021971338
LAST_NAME CAREY
ADDRESS 21 S SURREY AVENUE
CITY CITY OF VEN
STATE NJ
ZIP 084060000
MORT $43,500.00
BAL $43,449.68
RATE 10.990
PAI $448.71
CLTV 33.720
MATURITY 180101
FEE 0.5000
LOAN 0000021971361
LAST_NAME MALDONADO
ADDRESS 257 MILLER AVENUE
CITY BROOKLYN
STATE NY
ZIP 112070000
MORT $108,000.00
BAL $107,638.09
RATE 8.990
PAI $971.01
CLTV 80.000
MATURITY 180114
FEE 0.5000
LOAN 0000021971379
LAST_NAME BAGBY
ADDRESS 27 TURNER AVENUE
CITY BOROUGH OF
STATE NJ
ZIP 080850000
MORT $38,400.00
BAL $38,356.22
RATE 11.100
PAI $398.98
CLTV 45.176
MATURITY 180101
FEE 0.5000
LOAN 0000021971429
LAST_NAME GLAUDEL
ADDRESS 308 N SECOND STREET
CITY BOROUGH OF
STATE NJ
ZIP 080630000
MORT $84,000.00
BAL $83,793.15
RATE 10.550
PAI $841.46
CLTV 80.000
MATURITY 171226
FEE 0.5000
LOAN 0000021971437
LAST_NAME NEAMON
ADDRESS 929MORTON STREET
CITY MONTE VISTA
STATE CO
ZIP 811440000
MORT $25,500.00
BAL $25,045.26
RATE 8.990
PAI $322.89
CLTV 51.000
MATURITY 71211
FEE 0.5000
LOAN 0000021971478
LAST_NAME BOURNE
ADDRESS 193 HAMILTON AVENUE
CITY NEW ROCHELL
STATE NY
ZIP 108030000
MORT $238,500.00
BAL $238,500.00
RATE 10.500
PAI $2,181.66
CLTV 90.000
MATURITY 130115
FEE 0.5000
LOAN 0000021971502
LAST_NAME JONES
ADDRESS 19 LONGVIEW DRIVE
CITY BRIDGETON
STATE NJ
ZIP 083020000
MORT $60,000.00
BAL $59,698.85
RATE 10.100
PAI $530.98
CLTV 80.000
MATURITY 280126
FEE 0.5000
LOAN 0000021971544
LAST_NAME ARIOLA
ADDRESS 3920 WEST 24TH STREET
CITY CHICAGO
STATE IL
ZIP 606230000
MORT $74,000.00
BAL $73,777.29
RATE 8.990
PAI $665.32
CLTV 77.894
MATURITY 171201
FEE 0.5000
LOAN 0000021971627
LAST_NAME LIMA
ADDRESS 4345 N NORDICA
CITY CHICAGO
STATE IL
ZIP 606390000
MORT $34,000.00
BAL $33,976.87
RATE 13.090
PAI $378.51
CLTV 66.785
MATURITY 121117
FEE 0.5000
LOAN 0000021971650
LAST_NAME MARSHALL
ADDRESS 1437 N. AUSTIN BOULEVARD
CITY CHICAGO
STATE IL
ZIP 606510000
MORT $130,500.00
BAL $130,439.11
RATE 9.750
PAI $1,121.20
CLTV 84.193
MATURITY 280101
FEE 0.5000
LOAN 0000021971726
LAST_NAME HESS
ADDRESS 109 N 6TH STREET
CITY MILLVILLE
STATE NJ
ZIP 083320000
MORT $64,800.00
BAL $64,650.00
RATE 10.450
PAI $714.30
CLTV 90.000
MATURITY 130102
FEE 0.5000
LOAN 0000021971791
LAST_NAME POSTON
ADDRESS 9776 CANAL ROAD
CITY GENESEO
STATE IL
ZIP 612540000
MORT $50,400.00
BAL $50,400.00
RATE 8.850
PAI $400.11
CLTV 80.000
MATURITY 280206
FEE 0.5000
LOAN 0000021971833
LAST_NAME PAGNOTTA
ADDRESS 2134 CONTINENTAL AVENUE
CITY BRONX
STATE NY
ZIP 104610000
MORT $265,500.00
BAL $265,500.00
RATE 10.250
PAI $2,379.15
CLTV 90.000
MATURITY 130121
FEE 0.5000
LOAN 0000021971841
LAST_NAME MANNIELLO
ADDRESS 404 CLAY PITTS ROAD
CITY EAST NORTHP
STATE NY
ZIP 117310000
MORT $70,000.00
BAL $70,000.00
RATE 7.950
PAI $666.94
CLTV 33.653
MATURITY 130227
FEE 0.5000
LOAN 0000021971965
LAST_NAME SANTORO
ADDRESS 1116 PRATT STREET
CITY PHILADELPHI
STATE PA
ZIP 191240000
MORT $55,000.00
BAL $55,000.00
RATE 7.650
PAI $390.24
CLTV 70.512
MATURITY 130219
FEE 0.5000
LOAN 0000021971999
LAST_NAME NEITZ
ADDRESS 100 WINDSOR AVENUE
CITY ROCKVILLE C
STATE NY
ZIP 115700000
MORT $113,500.00
BAL $113,500.00
RATE 8.050
PAI $1,087.95
CLTV 45.414
MATURITY 130209
FEE 0.5000
LOAN 0000021972021
LAST_NAME TALBERT
ADDRESS 913 LAKESPUR STREET
CITY LAKE PLACID
STATE FL
ZIP 338520000
MORT $41,000.00
BAL $41,000.00
RATE 8.450
PAI $402.55
CLTV 71.929
MATURITY 130202
FEE 0.5000
LOAN 0000021972039
LAST_NAME JOHNSON-FABR
ADDRESS 15541 E PACIFIC PLACE
CITY AURORA
STATE CO
ZIP 800130000
MORT $75,000.00
BAL $75,000.00
RATE 8.800
PAI $592.71
CLTV 69.444
MATURITY 280223
FEE 0.5000
LOAN 0000021972070
LAST_NAME NICHOLSON
ADDRESS 7574 HIDDEN ACRES DRIVE
CITY MEDINA
STATE OH
ZIP 442560000
MORT $153,000.00
BAL $153,000.00
RATE 9.900
PAI $1,634.80
CLTV 90.000
MATURITY 130203
FEE 0.5000
LOAN 0000021972229
LAST_NAME DESIMONE
ADDRESS 66 CRESCENT ROAD
CITY PAWTUCKET
STATE RI
ZIP 028600000
MORT $75,000.00
BAL $75,000.00
RATE 9.400
PAI $966.39
CLTV 75.000
MATURITY 80204
FEE 0.5000
LOAN 0000021972237
LAST_NAME O'BRIKIS
ADDRESS 123 BAYVIEW DRIVE
CITY ABSECON
STATE NJ
ZIP 082010000
MORT $68,500.00
BAL $68,372.72
RATE 7.990
PAI $502.15
CLTV 67.156
MATURITY 280123
FEE 0.5000
LOAN 0000021972245
LAST_NAME CANOBBIO
ADDRESS 157 ST. MORITZ DRIVE
CITY SICKLERVILL
STATE NJ
ZIP 080810000
MORT $109,500.00
BAL $109,151.54
RATE 8.750
PAI $1,094.40
CLTV 84.230
MATURITY 130120
FEE 0.5000
LOAN 0000021972294
LAST_NAME WARNER
ADDRESS 304 W HIGH
CITY BELLEFONTAI
STATE OH
ZIP 433110000
MORT $30,500.00
BAL $30,428.56
RATE 9.000
PAI $274.42
CLTV 84.722
MATURITY 180201
FEE 0.5000
LOAN 0000021972328
LAST_NAME FLOWERS
ADDRESS 406 WILLIAMSON RD
CITY DANVILLE
STATE VA
ZIP 245400000
MORT $34,850.00
BAL $34,703.70
RATE 7.875
PAI $252.69
CLTV 74.946
MATURITY 270901
FEE 0.5000
LOAN 0000021972401
LAST_NAME PALUMBO
ADDRESS 1BALDWIN STREET
CITY HAVERHILL
STATE MA
ZIP 018320000
MORT $65,600.00
BAL $65,492.40
RATE 8.300
PAI $561.02
CLTV 80.000
MATURITY 180121
FEE 0.5000
LOAN 0000021972435
LAST_NAME TESTA
ADDRESS 41 WILLARD ROAD
CITY WESTMINSTER
STATE MA
ZIP 014730000
MORT $62,400.00
BAL $62,330.26
RATE 11.250
PAI $654.74
CLTV 80.000
MATURITY 180126
FEE 0.5000
LOAN 0000021972641
LAST_NAME HITSON
ADDRESS 205 10TH STREET
CITY MARKED TREE
STATE AR
ZIP 723650000
MORT $34,650.00
BAL $34,650.00
RATE 8.750
PAI $346.31
CLTV 90.000
MATURITY 130219
FEE 0.5000
LOAN 0000021972716
LAST_NAME CHARLES
ADDRESS 1857 TURNPIKE STREET
CITY STOUGHTON
STATE MA
ZIP 020720000
MORT $140,250.00
BAL $140,169.31
RATE 8.750
PAI $1,103.35
CLTV 85.000
MATURITY 280127
FEE 0.5000
LOAN 0000021972864
LAST_NAME SCHILLING
ADDRESS 15 EAST OLIVE STREET
CITY WESTVILLE
STATE NJ
ZIP 080930000
MORT $61,200.00
BAL $61,200.00
RATE 9.250
PAI $503.48
CLTV 90.000
MATURITY 280211
FEE 0.5000
LOAN 0000021973136
LAST_NAME PERRY
ADDRESS 2029 GWYNN OAK AVENUE
CITY BALTIMORE
STATE MD
ZIP 212070000
MORT $68,000.00
BAL $68,000.00
RATE 8.300
PAI $581.55
CLTV 80.000
MATURITY 180223
FEE 0.5000
LOAN 0000021973151
LAST_NAME YOUNG
ADDRESS 505 ROBERTS AVENUE
CITY BELLMAWR
STATE NJ
ZIP 080310000
MORT $99,000.00
BAL $98,921.92
RATE 9.250
PAI $814.45
CLTV 90.000
MATURITY 280128
FEE 0.5000
LOAN 0000021973193
LAST_NAME HUDSON
ADDRESS 1625 50TH STREET WEST
CITY BIRMINGHAM
STATE AL
ZIP 352080000
MORT $36,000.00
BAL $35,984.57
RATE 13.500
PAI $412.35
CLTV 62.009
MATURITY 121223
FEE 0.5000
LOAN 0000021973227
LAST_NAME MICKLE
ADDRESS 1195 COMMISSARY ROAD
CITY WARRIOR
STATE AL
ZIP 351800000
MORT $38,250.00
BAL $38,161.11
RATE 10.990
PAI $394.55
CLTV 85.000
MATURITY 171219
FEE 0.5000
LOAN 0000021973292
LAST_NAME REEVES
ADDRESS 3201 REID AVENUE
CITY CHARLOTTE
STATE NC
ZIP 282080000
MORT $42,500.00
BAL $42,399.24
RATE 10.190
PAI $461.66
CLTV 80.188
MATURITY 121229
FEE 0.5000
LOAN 0000021973300
LAST_NAME REITZ, III
ADDRESS 236 POPLAR CREEK LANE
CITY EFFORT
STATE PA
ZIP 183300000
MORT $89,700.00
BAL $89,650.89
RATE 8.990
PAI $721.11
CLTV 80.810
MATURITY 280127
FEE 0.5000
LOAN 0000021973391
LAST_NAME SIEFKE
ADDRESS 7907 TANCES DRIVE
CITY CINCINNATI
STATE OH
ZIP 452430000
MORT $124,200.00
BAL $124,200.00
RATE 9.800
PAI $1,071.64
CLTV 90.000
MATURITY 280213
FEE 0.5000
LOAN 0000021973490
LAST_NAME URBANEK
ADDRESS 16809 RIVER PARK ROAD
CITY FAIRHOPE
STATE AL
ZIP 365320000
MORT $78,750.00
BAL $78,717.68
RATE 10.350
PAI $711.54
CLTV 90.000
MATURITY 280127
FEE 0.5000
LOAN 0000021973532
LAST_NAME THOMPSON
ADDRESS 4223 E STATE ROUTE 122
CITY FRANKLIN
STATE OH
ZIP 450050000
MORT $76,000.00
BAL $76,000.00
RATE 9.350
PAI $630.75
CLTV 80.000
MATURITY 130202
FEE 0.5000
LOAN 0000021973581
LAST_NAME STEWART
ADDRESS 2984 E 111TH STREET
CITY CLEVELAND
STATE OH
ZIP 441040000
MORT $55,250.00
BAL $55,250.00
RATE 9.200
PAI $452.53
CLTV 85.000
MATURITY 280220
FEE 0.5000
LOAN 0000021973599
LAST_NAME KEY
ADDRESS 1761 DAVIS AVENUE SW
CITY BIRMINGHAM
STATE AL
ZIP 352110000
MORT $45,600.00
BAL $45,502.13
RATE 11.590
PAI $489.12
CLTV 80.000
MATURITY 171223
FEE 0.5000
LOAN 0000021973607
LAST_NAME DURSO
ADDRESS 26&30 DUNCAN STREET
CITY BEACON
STATE NY
ZIP 125080000
MORT $100,000.00
BAL $99,953.34
RATE 9.750
PAI $859.16
CLTV 78.125
MATURITY 280105
FEE 0.5000
LOAN 0000021973631
LAST_NAME LUTZ
ADDRESS 61 MARION AVENUE
CITY MOGADORE
STATE OH
ZIP 442600000
MORT $41,000.00
BAL $41,000.00
RATE 8.750
PAI $362.33
CLTV 53.246
MATURITY 180210
FEE 0.5000
LOAN 0000021973664
LAST_NAME HOLLINS
ADDRESS 1103 CHINQUEPIN STREET
CITY MOBILE
STATE AL
ZIP 366030000
MORT $34,400.00
BAL $34,275.31
RATE 12.390
PAI $364.20
CLTV 80.000
MATURITY 271224
FEE 0.5000
LOAN 0000021973821
LAST_NAME ESKRA
ADDRESS 3062 SOUTH LOCK STREET
CITY CHICAGO
STATE IL
ZIP 606080000
MORT $50,000.00
BAL $49,925.04
RATE 8.990
PAI $449.54
CLTV 47.619
MATURITY 180106
FEE 0.5000
LOAN 0000021973870
LAST_NAME WHITE
ADDRESS 5402 CALL PLACE S.E.
CITY WASHINGTON
STATE DC
ZIP 200190000
MORT $60,000.00
BAL $59,938.20
RATE 9.300
PAI $495.78
CLTV 80.000
MATURITY 130103
FEE 0.5000
LOAN 0000021973896
LAST_NAME CONNER
ADDRESS 156 OVERLOOK DRIVE
CITY PENSACOLA
STATE FL
ZIP 325030000
MORT $62,400.00
BAL $62,400.00
RATE 9.650
PAI $657.26
CLTV 79.490
MATURITY 130217
FEE 0.5000
LOAN 0000021973904
LAST_NAME EDWARDS
ADDRESS 624 HIGHWAY 544
CITY CONWAY
STATE SC
ZIP 295260000
MORT $92,000.00
BAL $91,743.50
RATE 9.590
PAI $862.97
CLTV 80.000
MATURITY 171208
FEE 0.5000
LOAN 0000021973961
LAST_NAME DAVIS
ADDRESS 1236 OWEN PLACE N.E.
CITY WASHINGTON
STATE DC
ZIP 200020000
MORT $60,000.00
BAL $59,890.75
RATE 12.990
PAI $758.75
CLTV 65.217
MATURITY 130105
FEE 0.5000
LOAN 0000021973987
LAST_NAME REEDY
ADDRESS 264 EAST 2ND STREET
CITY ELMHURST
STATE IL
ZIP 601260000
MORT $90,000.00
BAL $89,870.30
RATE 9.300
PAI $827.20
CLTV 54.878
MATURITY 171227
FEE 0.5000
LOAN 0000021974035
LAST_NAME RUDOLPH
ADDRESS 110 GLENWAY STREET
CITY DORCHESTER
STATE MA
ZIP 021210000
MORT $75,000.00
BAL $74,896.67
RATE 9.650
PAI $706.46
CLTV 55.555
MATURITY 180123
FEE 0.5000
LOAN 0000021974050
LAST_NAME GUARINO
ADDRESS 120 BOYD AVENUE
CITY CHITTENANGO
STATE NY
ZIP 130370000
MORT $55,000.00
BAL $55,000.00
RATE 8.250
PAI $468.64
CLTV 46.218
MATURITY 180128
FEE 0.5000
LOAN 0000021974068
LAST_NAME WHITE
ADDRESS 228 TABBY LYNCH ROAD
CITY MORELAND
STATE GA
ZIP 302590000
MORT $68,800.00
BAL $68,622.60
RATE 8.900
PAI $548.64
CLTV 80.000
MATURITY 271213
FEE 0.5000
LOAN 0000021974159
LAST_NAME MISTER
ADDRESS 4208 GRACE COURT
CITY BALTIMORE
STATE MD
ZIP 212260000
MORT $44,000.00
BAL $43,897.75
RATE 10.990
PAI $453.86
CLTV 78.571
MATURITY 171222
FEE 0.5000
LOAN 0000021974241
LAST_NAME WHARTON
ADDRESS 429 SOUTH MAHONING AVENUE
CITY ALLIANCE
STATE OH
ZIP 446010000
MORT $28,000.00
BAL $27,979.89
RATE 10.990
PAI $266.44
CLTV 73.684
MATURITY 271213
FEE 0.5000
LOAN 0000021974258
LAST_NAME DEFEO
ADDRESS 81 ALDER DRIVE
CITY KINGS PARK
STATE NY
ZIP 117540000
MORT $188,000.00
BAL $187,735.92
RATE 9.500
PAI $1,752.41
CLTV 80.000
MATURITY 171222
FEE 0.5000
LOAN 0000021974340
LAST_NAME MITCHELL
ADDRESS 1556 N. HANLEY ROAD
CITY UNIVERSITY
STATE MO
ZIP 631300000
MORT $38,400.00
BAL $38,400.00
RATE 8.150
PAI $285.80
CLTV 80.000
MATURITY 280227
FEE 0.5000
LOAN 0000021974381
LAST_NAME JONES
ADDRESS 740 EAST 256TH STREET
CITY EUCLID
STATE OH
ZIP 441320000
MORT $68,300.00
BAL $68,266.75
RATE 9.550
PAI $576.80
CLTV 76.741
MATURITY 130101
FEE 0.5000
LOAN 0000021974472
LAST_NAME ALI
ADDRESS 1176 E OLIVE STREET
CITY DECATUR
STATE IL
ZIP 625260000
MORT $14,700.00
BAL $14,689.21
RATE 10.890
PAI $138.77
CLTV 70.000
MATURITY 271210
FEE 0.5000
LOAN 0000021974498
LAST_NAME GRAHAM
ADDRESS 5335 BLAINE STREET, N.E.
CITY WASHINGTON
STATE DC
ZIP 200190000
MORT $71,100.00
BAL $70,917.14
RATE 9.300
PAI $733.89
CLTV 65.833
MATURITY 130101
FEE 0.5000
LOAN 0000021974506
LAST_NAME MCDUFFIE
ADDRESS 4116 URN STREET
CITY CAPITOL HEI
STATE MD
ZIP 207430000
MORT $60,000.00
BAL $59,911.65
RATE 14.350
PAI $761.41
CLTV 65.103
MATURITY 171216
FEE 0.5000
LOAN 0000021974639
LAST_NAME ADAMS
ADDRESS 527 EAST GRANT STREET
CITY ALLIANCE
STATE OH
ZIP 446010000
MORT $40,000.00
BAL $39,981.14
RATE 9.700
PAI $342.19
CLTV 75.471
MATURITY 280101
FEE 0.5000
LOAN 0000021974688
LAST_NAME COLLINS
ADDRESS 634 HAMMOCK AVENUE
CITY MURRELLS IN
STATE SC
ZIP 295760000
MORT $29,400.00
BAL $29,363.68
RATE 10.490
PAI $293.33
CLTV 43.401
MATURITY 171224
FEE 0.5000
LOAN 0000021974720
LAST_NAME EATON
ADDRESS 3800 FERNDALE AVENUE
CITY BALTIMORE
STATE MD
ZIP 212070000
MORT $60,000.00
BAL $59,679.97
RATE 8.940
PAI $606.42
CLTV 73.170
MATURITY 121219
FEE 0.5000
LOAN 0000021974852
LAST_NAME O'BRIEN
ADDRESS 9 PRINCETON PLACE
CITY MONTCLAIR
STATE NJ
ZIP 070430000
MORT $26,000.00
BAL $25,924.29
RATE 9.250
PAI $238.13
CLTV 77.019
MATURITY 171208
FEE 0.5000
LOAN 0000021974886
LAST_NAME ELLIS
ADDRESS 231 BURHANS AVENUE
CITY HALEDON
STATE NJ
ZIP 075080000
MORT $76,000.00
BAL $75,964.54
RATE 9.750
PAI $652.96
CLTV 80.000
MATURITY 280101
FEE 0.5000
LOAN 0000021974894
LAST_NAME LEVEY
ADDRESS 4157 WILMINGTON ROAD
CITY SOUTH EUCLI
STATE OH
ZIP 441210000
MORT $101,575.00
BAL $101,575.00
RATE 10.350
PAI $917.78
CLTV 85.000
MATURITY 280220
FEE 0.5000
LOAN 0000021974928
LAST_NAME BEDROCK
ADDRESS 739 HARRISON AVENUE
CITY ROSELLE
STATE NJ
ZIP 072030000
MORT $79,000.00
BAL $78,591.53
RATE 8.990
PAI $1,000.31
CLTV 73.148
MATURITY 80107
FEE 0.5000
LOAN 0000021974944
LAST_NAME COOPER
ADDRESS 18295 STONE VIEW ROAD
CITY MONUMENT
STATE CO
ZIP 801320000
MORT $161,500.00
BAL $161,500.00
RATE 8.150
PAI $1,201.97
CLTV 85.000
MATURITY 130225
FEE 0.5000
LOAN 0000021974969
LAST_NAME VALTIN
ADDRESS 16 BUCKINGHAM DRIVE
CITY RAMSEY
STATE NJ
ZIP 074460000
MORT $205,000.00
BAL $204,835.79
RATE 8.990
PAI $1,648.00
CLTV 73.214
MATURITY 130101
FEE 0.5000
LOAN 0000021975057
LAST_NAME HILKEN
ADDRESS 31 MONELL PLACE
CITY BEACON
STATE NY
ZIP 125080000
MORT $141,750.00
BAL $141,750.00
RATE 9.600
PAI $1,202.27
CLTV 75.000
MATURITY 280210
FEE 0.5000
LOAN 0000021975107
LAST_NAME NELSON
ADDRESS 1916 ST MARK ST
CITY CHARLOTTE
STATE NC
ZIP 282160000
MORT $26,000.00
BAL $26,000.00
RATE 9.950
PAI $278.60
CLTV 74.285
MATURITY 130201
FEE 0.5000
LOAN 0000021975115
LAST_NAME WALTER
ADDRESS 1106 CHERRYWOOD DRIVE
CITY GUTHRIE
STATE OK
ZIP 730440000
MORT $74,000.00
BAL $74,000.00
RATE 7.650
PAI $602.95
CLTV 79.569
MATURITY 180217
FEE 0.5000
LOAN 0000021975164
LAST_NAME MCDANIEL
ADDRESS J201 S WULFF RD
CITY SEMMES
STATE AL
ZIP 365750000
MORT $53,125.00
BAL $53,125.00
RATE 9.400
PAI $491.73
CLTV 85.000
MATURITY 180203
FEE 0.5000
LOAN 0000021975362
LAST_NAME HOLEMAN
ADDRESS 503 FLORIDA AVE. N.W.
CITY WASHINGTON
STATE DC
ZIP 200010000
MORT $84,000.00
BAL $83,794.52
RATE 10.600
PAI $844.29
CLTV 80.000
MATURITY 171229
FEE 0.5000
LOAN 0000021975396
LAST_NAME WASHINGTON
ADDRESS 1219 16TH STREET NE
CITY WASHINGTON
STATE DC
ZIP 200020000
MORT $39,500.00
BAL $39,468.46
RATE 10.500
PAI $361.33
CLTV 58.955
MATURITY 121222
FEE 0.5000
LOAN 0000021975420
LAST_NAME INGRAM
ADDRESS 2224 NW 12TH STREET
CITY WASHINGTON
STATE DC
ZIP 200090000
MORT $76,000.00
BAL $75,972.30
RATE 10.900
PAI $718.03
CLTV 80.000
MATURITY 121229
FEE 0.5000
LOAN 0000021975446
LAST_NAME HARTMAN
ADDRESS 43 DEPOT STREET
CITY GREENSBURG
STATE PA
ZIP 156010000
MORT $32,000.00
BAL $32,000.00
RATE 7.650
PAI $227.05
CLTV 45.714
MATURITY 130209
FEE 0.5000
LOAN 0000021975479
LAST_NAME LONG
ADDRESS 6502 FLANDER DRIVE
CITY HYATTSVILLE
STATE MD
ZIP 207830000
MORT $107,000.00
BAL $106,960.00
RATE 10.800
PAI $1,002.85
CLTV 89.915
MATURITY 130112
FEE 0.5000
LOAN 0000021975487
LAST_NAME EMMERICH, JR
ADDRESS 1009 MOYLAN LANE
CITY LEXINGTON
STATE KY
ZIP 405140000
MORT $75,150.00
BAL $75,150.00
RATE 8.850
PAI $596.59
CLTV 90.000
MATURITY 280209
FEE 0.5000
LOAN 0000021975495
LAST_NAME HENRY
ADDRESS 4109 33RD STREET
CITY MOUNT RAINI
STATE MD
ZIP 207120000
MORT $55,000.00
BAL $54,801.61
RATE 10.350
PAI $496.95
CLTV 50.000
MATURITY 121224
FEE 0.5000
LOAN 0000021975594
LAST_NAME BUESSER
ADDRESS 5510 REED COURT
CITY ARVADA
STATE CO
ZIP 800020000
MORT $92,000.00
BAL $92,000.00
RATE 7.550
PAI $855.47
CLTV 80.000
MATURITY 130213
FEE 0.5000
LOAN 0000021975628
LAST_NAME HUGHES
ADDRESS 11303 DUXBURY DRIVE
CITY UPPER MARLB
STATE MD
ZIP 207720000
MORT $130,900.00
BAL $130,578.33
RATE 9.800
PAI $1,390.69
CLTV 85.000
MATURITY 130112
FEE 0.5000
LOAN 0000021975636
LAST_NAME JEWELL
ADDRESS 608 MAYFLOWER DRIVE
CITY METAIRIE
STATE LA
ZIP 700010000
MORT $58,000.00
BAL $58,000.00
RATE 7.550
PAI $891.06
CLTV 67.441
MATURITY 50211
FEE 0.5000
LOAN 0000021975685
LAST_NAME FENNEMA
ADDRESS 2722 NORTHCREST DRIVE
CITY COLORADO SP
STATE CO
ZIP 809180000
MORT $135,200.00
BAL $135,200.00
RATE 8.150
PAI $1,006.23
CLTV 80.000
MATURITY 280220
FEE 0.5000
LOAN 0000021975743
LAST_NAME FLETCHER
ADDRESS 10809 MOUNT LUBENTIA WAY
CITY UPPER MARLB
STATE MD
ZIP 207720000
MORT $145,350.00
BAL $145,350.00
RATE 9.900
PAI $1,393.05
CLTV 85.000
MATURITY 180105
FEE 0.5000
LOAN 0000021975750
LAST_NAME SCHAD
ADDRESS 143 SYCAMORE STREET
CITY PITTSBURGH
STATE PA
ZIP 152370000
MORT $71,200.00
BAL $71,200.00
RATE 7.900
PAI $517.49
CLTV 80.000
MATURITY 280224
FEE 0.5000
LOAN 0000021975792
LAST_NAME CHEVIRON
ADDRESS 619 STATE STREET
CITY NEW HAVEN
STATE IN
ZIP 467740000
MORT $68,000.00
BAL $68,000.00
RATE 8.900
PAI $685.67
CLTV 85.000
MATURITY 130210
FEE 0.5000
LOAN 0000021975818
LAST_NAME LLOYD
ADDRESS I-15 TULLS CREEK ROAD
CITY MOYOCK
STATE NC
ZIP 279580000
MORT $75,150.00
BAL $75,150.00
RATE 9.600
PAI $637.39
CLTV 90.000
MATURITY 280127
FEE 0.5000
LOAN 0000021976006
LAST_NAME TAYLOR
ADDRESS 192 ELM STREET
CITY STATEN ISLA
STATE NY
ZIP 103100000
MORT $45,000.00
BAL $44,886.34
RATE 9.500
PAI $469.91
CLTV 26.865
MATURITY 130101
FEE 0.5000
LOAN 0000021976030
LAST_NAME SMITH
ADDRESS RD 2 BOX M 481A
CITY MONROE
STATE NY
ZIP 109500000
MORT $40,000.00
BAL $39,879.61
RATE 8.990
PAI $359.64
CLTV 80.000
MATURITY 171202
FEE 0.5000
LOAN 0000021976139
LAST_NAME ROSA
ADDRESS 216 LEWIS STREET
CITY PERTH AMBOY
STATE NJ
ZIP 088610000
MORT $104,000.00
BAL $104,000.00
RATE 9.450
PAI $966.02
CLTV 80.000
MATURITY 180218
FEE 0.5000
LOAN 0000021976154
LAST_NAME GASQUE
ADDRESS 121 LAKEWOOD DRIVE
CITY ORANGEBURG
STATE SC
ZIP 291180000
MORT $35,000.00
BAL $35,000.00
RATE 8.250
PAI $429.29
CLTV 53.846
MATURITY 80223
FEE 0.5000
LOAN 0000021976279
LAST_NAME FARMER
ADDRESS 14839 RAVENNA AVENUE N.E.
CITY HARTVILLE
STATE OH
ZIP 446320000
MORT $57,600.00
BAL $57,563.64
RATE 8.300
PAI $434.76
CLTV 80.000
MATURITY 130203
FEE 0.5000
LOAN 0000021976345
LAST_NAME DENNIS
ADDRESS 240 QUINCY STREET
CITY BROOKLYN
STATE NY
ZIP 112160000
MORT $45,000.00
BAL $44,771.78
RATE 9.500
PAI $469.91
CLTV 25.714
MATURITY 121222
FEE 0.5000
LOAN 0000021976378
LAST_NAME STAVERIS
ADDRESS 731 STUART LANE
CITY PALATINE
STATE IL
ZIP 600670000
MORT $170,250.00
BAL $170,250.00
RATE 9.450
PAI $1,425.35
CLTV 75.000
MATURITY 130225
FEE 0.5000
LOAN 0000021976386
LAST_NAME BOX
ADDRESS 1314 PAWNEE CIRCLE
CITY SARALAND
STATE AL
ZIP 365710000
MORT $46,500.00
BAL $46,500.00
RATE 8.350
PAI $453.83
CLTV 65.957
MATURITY 130204
FEE 0.5000
LOAN 0000021976394
LAST_NAME FILARDO
ADDRESS 16 FRIENDLY ROAD
CITY NORWALK
STATE CT
ZIP 068510000
MORT $118,000.00
BAL $117,810.62
RATE 8.450
PAI $1,020.30
CLTV 53.636
MATURITY 171229
FEE 0.5000
LOAN 0000021976436
LAST_NAME FOSKEY
ADDRESS 45 ST. MARY STREET
CITY HAMDEN
STATE CT
ZIP 065200000
MORT $72,000.00
BAL $71,678.97
RATE 8.450
PAI $551.07
CLTV 75.789
MATURITY 121215
FEE 0.5000
LOAN 0000021976469
LAST_NAME CARMICHAEL
ADDRESS 228 WOLFPIT AVENUE
CITY NORWALK
STATE CT
ZIP 068510000
MORT $265,000.00
BAL $264,834.44
RATE 8.350
PAI $2,009.52
CLTV 61.627
MATURITY 271223
FEE 0.5000
LOAN 0000021976493
LAST_NAME DORAN
ADDRESS 42 JANET DRIVE
CITY EAST HARTFO
STATE CT
ZIP 061180000
MORT $83,000.00
BAL $82,770.59
RATE 8.500
PAI $817.33
CLTV 76.851
MATURITY 121217
FEE 0.5000
LOAN 0000021976519
LAST_NAME VENTURA
ADDRESS 22 ATWOOD DRIVE
CITY EAST LYME
STATE CT
ZIP 063570000
MORT $99,000.00
BAL $98,557.17
RATE 8.350
PAI $849.77
CLTV 79.200
MATURITY 171215
FEE 0.5000
LOAN 0000021976535
LAST_NAME DISTASIO
ADDRESS 25 MCWEENEY DRIVE
CITY WATERBURY
STATE CT
ZIP 067050000
MORT $104,000.00
BAL $103,937.00
RATE 8.500
PAI $799.67
CLTV 80.000
MATURITY 280105
FEE 0.5000
LOAN 0000021976543
LAST_NAME MCGILL, III
ADDRESS 27 MAIN STREET
CITY DOVER
STATE MA
ZIP 020300000
MORT $32,500.00
BAL $32,420.87
RATE 9.900
PAI $347.26
CLTV 60.422
MATURITY 130122
FEE 0.5000
LOAN 0000021976634
LAST_NAME QUENT
ADDRESS 1488 W 4980 SOUTH
CITY TAYLORSVILL
STATE UT
ZIP 841230000
MORT $36,000.00
BAL $36,000.00
RATE 8.700
PAI $316.99
CLTV 66.666
MATURITY 180203
FEE 0.5000
LOAN 0000021976725
LAST_NAME LATHAM
ADDRESS 1899 PACIFIC STREET
CITY BROOKLYN
STATE NY
ZIP 112010000
MORT $95,500.00
BAL $95,448.38
RATE 9.050
PAI $771.85
CLTV 59.687
MATURITY 271222
FEE 0.5000
LOAN 0000021976733
LAST_NAME TILLER
ADDRESS 307 LAKE FOREST PARKWAY
CITY LOUISVILLE
STATE KY
ZIP 402450000
MORT $188,000.00
BAL $188,000.00
RATE 7.950
PAI $1,566.67
CLTV 80.000
MATURITY 180211
FEE 0.5000
LOAN 0000021976758
LAST_NAME DREHER
ADDRESS 9 CHARTER ROAD
CITY ELLINGTON
STATE CT
ZIP 060290000
MORT $88,000.00
BAL $87,847.00
RATE 8.750
PAI $692.30
CLTV 80.000
MATURITY 121126
FEE 0.5000
LOAN 0000021976782
LAST_NAME CHANDLER
ADDRESS 4 RANDOLPH ROAD
CITY WOODBURY
STATE NJ
ZIP 080960000
MORT $89,200.00
BAL $89,200.00
RATE 8.450
PAI $682.71
CLTV 78.938
MATURITY 280203
FEE 0.5000
LOAN 0000021976824
LAST_NAME MUNSON
ADDRESS 916 N EAGLE STREET
CITY NAPERVILLE
STATE IL
ZIP 605630000
MORT $112,000.00
BAL $112,000.00
RATE 7.950
PAI $817.92
CLTV 80.000
MATURITY 130217
FEE 0.5000
LOAN 0000021976832
LAST_NAME LEWIS
ADDRESS 169 KAIBAB ROAD
CITY EAGLE
STATE CO
ZIP 816310000
MORT $272,500.00
BAL $272,500.00
RATE 8.100
PAI $2,018.54
CLTV 77.195
MATURITY 130218
FEE 0.5000
LOAN 0000021976865
LAST_NAME CICCONE
ADDRESS 205 NORTH GREELEY AVENUE
CITY CHAPPAQUA
STATE NY
ZIP 105140000
MORT $74,000.00
BAL $73,808.82
RATE 9.250
PAI $761.60
CLTV 63.940
MATURITY 130101
FEE 0.5000
LOAN 0000021976881
LAST_NAME HOGAN
ADDRESS 7913 WILLOW BROOK CT
CITY HUDSON
STATE FL
ZIP 346670000
MORT $75,200.00
BAL $75,200.00
RATE 8.950
PAI $602.38
CLTV 80.000
MATURITY 280201
FEE 0.5000
LOAN 0000021976915
LAST_NAME SILZER
ADDRESS 4512 82ND STREET
CITY DES MOINES
STATE IA
ZIP 503220000
MORT $41,052.00
BAL $41,052.00
RATE 8.800
PAI $515.60
CLTV 84.746
MATURITY 80220
FEE 0.5000
LOAN 0000021976980
LAST_NAME HEATH
ADDRESS 2414 DUNKIRK DRIVE
CITY COLUMBUS
STATE OH
ZIP 432190000
MORT $63,000.00
BAL $63,000.00
RATE 9.200
PAI $516.01
CLTV 90.000
MATURITY 130224
FEE 0.5000
LOAN 0000021977053
LAST_NAME ANDERSON
ADDRESS 4 ARMSTRONG STREET
CITY BRENTWOOD
STATE NY
ZIP 117170000
MORT $180,000.00
BAL $179,822.22
RATE 9.500
PAI $1,513.54
CLTV 90.000
MATURITY 280101
FEE 0.5000
LOAN 0000021977210
LAST_NAME HICKS
ADDRESS 3264 E. LARIAT LOOP
CITY HERNANDO
STATE FL
ZIP 344420000
MORT $50,500.00
BAL $50,500.00
RATE 8.850
PAI $449.51
CLTV 77.692
MATURITY 180210
FEE 0.5000
LOAN 0000021977228
LAST_NAME ELLISON
ADDRESS 6062 CHRISBIN DRIVE
CITY COLUMBUS
STATE GA
ZIP 319090000
MORT $98,400.00
BAL $98,400.00
RATE 7.950
PAI $820.00
CLTV 80.000
MATURITY 180211
FEE 0.5000
LOAN 0000021977251
LAST_NAME MCGEE
ADDRESS 2323 GLENMAWR AVENUE
CITY PITTSBURGH
STATE PA
ZIP 152040000
MORT $30,400.00
BAL $30,400.00
RATE 7.650
PAI $215.70
CLTV 80.000
MATURITY 280211
FEE 0.5000
LOAN 0000021977277
LAST_NAME KERR
ADDRESS 8032 SUNSET CIRCLE
CITY GRANDVIEW
STATE MO
ZIP 640300000
MORT $65,250.00
BAL $65,250.00
RATE 8.650
PAI $814.26
CLTV 90.000
MATURITY 80210
FEE 0.5000
LOAN 0000021977327
LAST_NAME IPSON
ADDRESS 1698 E 1470 SOUTH
CITY OGDEN
STATE UT
ZIP 844040000
MORT $99,500.00
BAL $99,452.33
RATE 9.625
PAI $845.74
CLTV 82.916
MATURITY 280101
FEE 0.5000
LOAN 0000021977400
LAST_NAME WEY-MANNING
ADDRESS 4263 S 2200 W
CITY TAYLORSVILL
STATE UT
ZIP 841190000
MORT $95,200.00
BAL $94,292.90
RATE 8.400
PAI $725.27
CLTV 80.000
MATURITY 270324
FEE 0.5000
LOAN 0000021977426
LAST_NAME RECEK
ADDRESS 24 RUTLAND ROAD
CITY NORTH MASSA
STATE NY
ZIP 117580000
MORT $78,000.00
BAL $77,895.39
RATE 9.990
PAI $683.93
CLTV 34.666
MATURITY 271201
FEE 0.5000
LOAN 0000021977509
LAST_NAME LOCHRIDGE
ADDRESS 4571 WHEELER AVENUE
CITY JACKSONVILL
STATE FL
ZIP 322100000
MORT $45,250.00
BAL $42,981.63
RATE 8.500
PAI $502.30
CLTV 67.537
MATURITY 90211
FEE 0.5000
LOAN 0000021977525
LAST_NAME BARRETT
ADDRESS RT 1 BOX 1822 HIGHLAN
CITY HAVANA
STATE FL
ZIP 323330000
MORT $98,000.00
BAL $96,062.16
RATE 8.500
PAI $965.04
CLTV 72.592
MATURITY 120702
FEE 0.5000
LOAN 0000021977558
LAST_NAME BAILEY
ADDRESS 715 E 237TH STREET
CITY BRONX
STATE NY
ZIP 104660000
MORT $208,250.00
BAL $208,142.04
RATE 9.250
PAI $1,713.22
CLTV 85.000
MATURITY 280101
FEE 0.5000
LOAN 0000021977681
LAST_NAME MONGOLD
ADDRESS HC 32 BOX 153
CITY PETERSBURG
STATE WV
ZIP 268470000
MORT $60,000.00
BAL $59,937.17
RATE 10.450
PAI $546.61
CLTV 80.000
MATURITY 280101
FEE 0.5000
LOAN 0000021977699
LAST_NAME JOHNS
ADDRESS 1900 E 4TH STREET
CITY ROYAL OAK
STATE MI
ZIP 480670000
MORT $76,000.00
BAL $76,000.00
RATE 7.550
PAI $614.58
CLTV 80.000
MATURITY 180217
FEE 0.5000
LOAN 0000021977723
LAST_NAME ALTMANN
ADDRESS 9 NATHAN DRIVE
CITY PLAINVIEW
STATE NY
ZIP 118030000
MORT $160,000.00
BAL $159,912.42
RATE 8.990
PAI $1,286.25
CLTV 59.925
MATURITY 130101
FEE 0.5000
LOAN 0000021977889
LAST_NAME STEWART
ADDRESS 826 HUDSON ST
CITY ZOLFO SPRIN
STATE FL
ZIP 338900000
MORT $30,000.00
BAL $30,000.00
RATE 8.350
PAI $292.80
CLTV 78.947
MATURITY 130216
FEE 0.5000
LOAN 0000021977905
LAST_NAME WINKELBAUER
ADDRESS 4417 WOOLWORTH AVENUE
CITY OMAHA
STATE NE
ZIP 681050000
MORT $76,000.00
BAL $76,000.00
RATE 8.200
PAI $568.29
CLTV 73.786
MATURITY 280202
FEE 0.5000
LOAN 0000021977921
LAST_NAME SHAFER
ADDRESS 2407 PLANK ROAD
CITY DUNDEE
STATE MI
ZIP 481310000
MORT $25,000.00
BAL $24,883.78
RATE 10.850
PAI $342.26
CLTV 58.248
MATURITY 80107
FEE 0.5000
LOAN 0000021977947
LAST_NAME SCHULTZE
ADDRESS 6 LENORE LANE
CITY FARMINGDALE
STATE NY
ZIP 117350000
MORT $160,000.00
BAL $159,923.76
RATE 9.650
PAI $1,362.91
CLTV 80.000
MATURITY 130101
FEE 0.5000
LOAN 0000021978077
LAST_NAME SAMUEL
ADDRESS 4628 9TH AVENUE
CITY BIRMINGTON
STATE AL
ZIP 352240000
MORT $37,400.00
BAL $37,362.92
RATE 12.190
PAI $416.78
CLTV 85.000
MATURITY 180113
FEE 0.5000
LOAN 0000021978135
LAST_NAME GREEN
ADDRESS 1946 ROAD 57 EAST
CITY RUSHCREEK T
STATE OH
ZIP 433110000
MORT $104,200.00
BAL $104,200.00
RATE 8.150
PAI $881.33
CLTV 79.846
MATURITY 180225
FEE 0.5000
LOAN 0000021978143
LAST_NAME ZEIGLER
ADDRESS 787 E 40TH STREET
CITY BROOKLYN
STATE NY
ZIP 112100000
MORT $184,500.00
BAL $184,409.25
RATE 9.500
PAI $1,551.38
CLTV 90.000
MATURITY 280101
FEE 0.5000
LOAN 0000021978150
LAST_NAME POAGUE
ADDRESS RTE 2 BOX 291
CITY ROGERSVILLE
STATE AL
ZIP 356520000
MORT $36,000.00
BAL $35,987.98
RATE 11.300
PAI $351.02
CLTV 80.000
MATURITY 130105
FEE 0.5000
LOAN 0000021978176
LAST_NAME DIEZEL
ADDRESS 1201 GARLAND STREET
CITY GREENBAY
STATE WI
ZIP 543010000
MORT $76,000.00
BAL $75,963.00
RATE 9.550
PAI $641.83
CLTV 80.000
MATURITY 130101
FEE 0.5000
LOAN 0000021978184
LAST_NAME SEVERN
ADDRESS 1166 PHOSPHO SPRING ROAD
CITY RIDGEWAY
STATE VA
ZIP 241480000
MORT $53,550.00
BAL $53,415.98
RATE 9.600
PAI $562.42
CLTV 85.000
MATURITY 130106
FEE 0.5000
LOAN 0000021978192
LAST_NAME DAVIS
ADDRESS 158 MT. ZION ROAD
CITY GRANITEVILL
STATE SC
ZIP 298290000
MORT $52,700.00
BAL $52,684.06
RATE 11.750
PAI $531.96
CLTV 85.000
MATURITY 121217
FEE 0.5000
LOAN 0000021978218
LAST_NAME DAVIS
ADDRESS 1208 W STORE ROAD
CITY HALIFAX
STATE VA
ZIP 245580000
MORT $55,250.00
BAL $55,173.87
RATE 9.650
PAI $520.43
CLTV 85.000
MATURITY 180114
FEE 0.5000
LOAN 0000021978234
LAST_NAME SHARMAN
ADDRESS 1304 BEECH STREET S.E.
CITY DECATUR
STATE AL
ZIP 356010000
MORT $22,000.00
BAL $21,907.41
RATE 12.550
PAI $322.67
CLTV 80.684
MATURITY 80113
FEE 0.5000
LOAN 0000021978267
LAST_NAME NICKNADAVICH
ADDRESS 6557 LION COURT
CITY WALDORF
STATE MD
ZIP 206030000
MORT $163,800.00
BAL $163,727.53
RATE 10.000
PAI $1,437.47
CLTV 90.000
MATURITY 280101
FEE 0.5000
LOAN 0000021978309
LAST_NAME LEE
ADDRESS 7810 ONE MILE ROAD
CITY IRVINGTON
STATE AL
ZIP 365440000
MORT $49,500.00
BAL $49,472.42
RATE 12.140
PAI $514.50
CLTV 90.000
MATURITY 121222
FEE 0.5000
LOAN 0000021978325
LAST_NAME EDMONDSON
ADDRESS 2121 ASHCAKE CREEK ROAD
CITY SCOTTSBURG
STATE VA
ZIP 245890000
MORT $56,700.00
BAL $56,566.31
RATE 10.250
PAI $618.00
CLTV 90.000
MATURITY 121229
FEE 0.5000
LOAN 0000021978333
LAST_NAME FRANCIOSO
ADDRESS 41 W 12TH ST
CITY LINDEN
STATE NJ
ZIP 070360000
MORT $85,500.00
BAL $85,500.00
RATE 9.150
PAI $697.21
CLTV 90.000
MATURITY 280211
FEE 0.5000
LOAN 0000021978341
LAST_NAME CARVER
ADDRESS 300 LOOKOUT LANE
CITY WAYNESVILLE
STATE NC
ZIP 287860000
MORT $53,000.00
BAL $52,959.95
RATE 10.900
PAI $500.73
CLTV 84.935
MATURITY 271126
FEE 0.5000
LOAN 0000021978358
LAST_NAME CHEW
ADDRESS 2086 HILLRISE CIRCLE
CITY BELLBROOK
STATE OH
ZIP 453050000
MORT $318,750.00
BAL $318,652.32
RATE 11.690
PAI $3,202.84
CLTV 83.881
MATURITY 121222
FEE 0.5000
LOAN 0000021978366
LAST_NAME JOHNSON
ADDRESS 4712 BILLINGSGATE ROAD
CITY ANTIOCH
STATE TN
ZIP 370130000
MORT $130,500.00
BAL $130,415.28
RATE 11.450
PAI $1,287.35
CLTV 90.000
MATURITY 121202
FEE 0.5000
LOAN 0000021978374
LAST_NAME HOUSEWORTH
ADDRESS 5715 W. HURON STREET
CITY CHICAGO
STATE IL
ZIP 606440000
MORT $108,000.00
BAL $108,000.00
RATE 7.250
PAI $736.76
CLTV 80.000
MATURITY 130216
FEE 0.5000
LOAN 0000021978382
LAST_NAME HYDE
ADDRESS 728 LUCAS STREET
CITY JEFFERSON
STATE WI
ZIP 535490000
MORT $138,600.00
BAL $138,538.55
RATE 9.990
PAI $1,215.30
CLTV 90.000
MATURITY 130201
FEE 0.5000
LOAN 0000021978416
LAST_NAME KIRK
ADDRESS 989 GERALD ROBINSON DRIVE
CITY NOTASULGA
STATE AL
ZIP 368660000
MORT $52,000.00
BAL $51,945.88
RATE 9.250
PAI $427.79
CLTV 80.000
MATURITY 121224
FEE 0.5000
LOAN 0000021978432
LAST_NAME STROUT
ADDRESS 2004 DELAWARE AVENUE
CITY JASPER
STATE AL
ZIP 355010000
MORT $46,750.00
BAL $46,698.43
RATE 10.900
PAI $441.68
CLTV 85.000
MATURITY 121113
FEE 0.5000
LOAN 0000021978440
LAST_NAME STAFFORD
ADDRESS 4665 SOLLIE ROAD
CITY MOBILE
STATE AL
ZIP 366190000
MORT $75,200.00
BAL $74,972.53
RATE 8.950
PAI $674.18
CLTV 80.000
MATURITY 171215
FEE 0.5000
LOAN 0000021978473
LAST_NAME MARTIN
ADDRESS 573 CROSS STITCH ROAD
CITY DRY FORK
STATE VA
ZIP 245490000
MORT $78,300.00
BAL $78,104.68
RATE 10.450
PAI $779.10
CLTV 90.000
MATURITY 171216
FEE 0.5000
LOAN 0000021978481
LAST_NAME MCCARTHY
ADDRESS 211 THOMAS DRIVE
CITY DOTHAN
STATE AL
ZIP 363010000
MORT $58,000.00
BAL $57,965.91
RATE 11.900
PAI $592.13
CLTV 72.049
MATURITY 121217
FEE 0.5000
LOAN 0000021978515
LAST_NAME STEWART
ADDRESS 11088 W STATE ROAD 234
CITY JAMESTOWN
STATE IN
ZIP 461470000
MORT $136,000.00
BAL $135,816.04
RATE 9.950
PAI $1,188.48
CLTV 72.727
MATURITY 271028
FEE 0.5000
LOAN 0000021978523
LAST_NAME MULLINS
ADDRESS 2610 MONROE STREET NE
CITY WASHINGTON
STATE DC
ZIP 200180000
MORT $103,200.00
BAL $103,148.04
RATE 9.390
PAI $859.50
CLTV 80.000
MATURITY 130107
FEE 0.5000
LOAN 0000021978556
LAST_NAME MICAL
ADDRESS 56 PLEASANT STREET
CITY LOWELL
STATE MA
ZIP 018520000
MORT $32,500.00
BAL $32,482.98
RATE 9.200
PAI $266.19
CLTV 50.000
MATURITY 130127
FEE 0.5000
LOAN 0000021978580
LAST_NAME CANNON
ADDRESS 256 COUNTY ROAD 27
CITY TUSKEGEE
STATE AL
ZIP 360830000
MORT $51,000.00
BAL $50,981.77
RATE 10.990
PAI $485.30
CLTV 75.000
MATURITY 130112
FEE 0.5000
LOAN 0000021978598
LAST_NAME KELLEY
ADDRESS 80 ROBIN CIRCLE
CITY CROSSVILLE
STATE TN
ZIP 385550000
MORT $185,000.00
BAL $184,807.44
RATE 9.250
PAI $1,521.95
CLTV 71.153
MATURITY 121226
FEE 0.5000
LOAN 0000021978614
LAST_NAME WOODARD
ADDRESS 111 COLT CIRCLE
CITY HUNTSVILLE
STATE AL
ZIP 358110000
MORT $78,750.00
BAL $78,723.70
RATE 11.300
PAI $767.86
CLTV 90.000
MATURITY 121223
FEE 0.5000
LOAN 0000021978622
LAST_NAME BROWN-HARRIS
ADDRESS 1223 MADISON STREET
CITY ANNAPOLIS
STATE MD
ZIP 214030000
MORT $42,000.00
BAL $42,000.00
RATE 8.750
PAI $330.41
CLTV 43.750
MATURITY 130123
FEE 0.5000
LOAN 0000021978648
LAST_NAME THOMAS
ADDRESS 28 OAKHILL AVENUE
CITY GREENSBURG
STATE PA
ZIP 156010000
MORT $60,750.00
BAL $60,599.28
RATE 10.850
PAI $684.78
CLTV 75.000
MATURITY 130101
FEE 0.5000
LOAN 0000021978705
LAST_NAME AUTRY
ADDRESS 125 AUTRY DRIVE
CITY CHELSEA
STATE AL
ZIP 350430000
MORT $22,000.00
BAL $22,000.00
RATE 12.050
PAI $264.75
CLTV 75.851
MATURITY 130107
FEE 0.5000
LOAN 0000021978770
LAST_NAME SCANGA
ADDRESS 4607 WOODLAKE DRIVE
CITY ALLISON PAR
STATE PA
ZIP 151010000
MORT $91,200.00
BAL $91,165.66
RATE 10.750
PAI $851.34
CLTV 80.000
MATURITY 130201
FEE 0.5000
LOAN 0000021978804
LAST_NAME DANIEL
ADDRESS 200 W OSCEOLA STREET
CITY WETUMPKA
STATE AL
ZIP 360920000
MORT $49,000.00
BAL $48,877.75
RATE 10.450
PAI $487.57
CLTV 70.000
MATURITY 171223
FEE 0.5000
LOAN 0000021978820
LAST_NAME JONES
ADDRESS 234 INDUSTRIAL ROAD
CITY WALTERBORO
STATE SC
ZIP 294880000
MORT $65,700.00
BAL $65,473.23
RATE 11.100
PAI $682.62
CLTV 90.000
MATURITY 171118
FEE 0.5000
LOAN 0000021978846
LAST_NAME HOFFMAN
ADDRESS 40 RAVEN HILL DRIVE
CITY FAIRVIEW
STATE NC
ZIP 287300000
MORT $50,100.00
BAL $49,894.50
RATE 8.950
PAI $401.31
CLTV 60.000
MATURITY 121217
FEE 0.5000
LOAN 0000021978879
LAST_NAME MIRACLE
ADDRESS OFF HWY 96
CITY REYNOLDS
STATE GA
ZIP 310760000
MORT $38,700.00
BAL $38,615.68
RATE 11.100
PAI $442.30
CLTV 90.000
MATURITY 130112
FEE 0.5000
LOAN 0000021978887
LAST_NAME DIXON
ADDRESS 118 GERRELL DRIVE
CITY MILLEDGEVIL
STATE GA
ZIP 310610000
MORT $40,000.00
BAL $39,890.74
RATE 9.750
PAI $379.41
CLTV 80.000
MATURITY 171205
FEE 0.5000
LOAN 0000021978903
LAST_NAME TURNER
ADDRESS 1000 BURTON ROAD
CITY TALLASSEE
STATE AL
ZIP 360780000
MORT $45,000.00
BAL $44,790.76
RATE 10.450
PAI $496.04
CLTV 36.000
MATURITY 121222
FEE 0.5000
LOAN 0000021978911
LAST_NAME TRAVIS
ADDRESS 4406 ESMOND ROAD
CITY MONTGOMERY
STATE AL
ZIP 361050000
MORT $55,800.00
BAL $55,767.54
RATE 11.950
PAI $571.82
CLTV 90.000
MATURITY 121222
FEE 0.5000
LOAN 0000021978929
LAST_NAME JONES
ADDRESS 5909 DEWEY HEIGHTS ROAD
CITY PINSON
STATE AL
ZIP 351260000
MORT $53,910.00
BAL $53,864.59
RATE 10.250
PAI $483.09
CLTV 90.000
MATURITY 121125
FEE 0.5000
LOAN 0000021978937
LAST_NAME THIGPEN
ADDRESS 6593 COUNTY RD 89
CITY LEXINGTON
STATE AL
ZIP 356480000
MORT $58,650.00
BAL $58,630.63
RATE 11.350
PAI $574.10
CLTV 85.000
MATURITY 130113
FEE 0.5000
LOAN 0000021978945
LAST_NAME MONEYMAKER
ADDRESS 3873 JORDAN ROAD
CITY WEST ALEXAN
STATE OH
ZIP 453810000
MORT $72,000.00
BAL $71,915.12
RATE 8.650
PAI $561.29
CLTV 80.000
MATURITY 271224
FEE 0.5000
LOAN 0000021978952
LAST_NAME HOBBS
ADDRESS 211 CHURCH STREET
CITY GREENVILLE
STATE AL
ZIP 360370000
MORT $108,000.00
BAL $107,872.74
RATE 10.850
PAI $1,103.76
CLTV 76.056
MATURITY 171223
FEE 0.5000
LOAN 0000021978960
LAST_NAME JONES
ADDRESS 4929 W LAKE ROAD
CITY MAYVILLE
STATE NY
ZIP 147570000
MORT $74,700.00
BAL $74,527.09
RATE 10.450
PAI $823.42
CLTV 88.928
MATURITY 121229
FEE 0.5000
LOAN 0000021978978
LAST_NAME ASERO
ADDRESS 27 FRANKLIN AVENUE
CITY WEST CALDWE
STATE NJ
ZIP 070060000
MORT $75,000.00
BAL $74,801.63
RATE 8.990
PAI $760.25
CLTV 68.256
MATURITY 130105
FEE 0.5000
LOAN 0000021978986
LAST_NAME HACHEY
ADDRESS 210 HIGH STREET
CITY AGAWAM
STATE MA
ZIP 010010000
MORT $90,400.00
BAL $89,380.70
RATE 7.500
PAI $1,073.06
CLTV 80.000
MATURITY 71222
FEE 0.5000
LOAN 0000021978994
LAST_NAME NOCERA
ADDRESS 20 HEATHER LANE
CITY WRENTHAM
STATE MA
ZIP 020930000
MORT $189,000.00
BAL $188,821.04
RATE 9.700
PAI $1,616.87
CLTV 90.000
MATURITY 130101
FEE 0.5000
LOAN 0000021979000
LAST_NAME SAUCEDO
ADDRESS 2591 COUNTY ROAD 56
CITY AUBURN
STATE IN
ZIP 467060000
MORT $64,800.00
BAL $64,751.91
RATE 7.500
PAI $453.09
CLTV 80.000
MATURITY 280101
FEE 0.5000
LOAN 0000021979018
LAST_NAME POSNER
ADDRESS 8 AUTUMN PLACE
CITY PITTSFORD
STATE NY
ZIP 145340000
MORT $60,000.00
BAL $59,864.88
RATE 8.300
PAI $513.12
CLTV 30.456
MATURITY 180101
FEE 0.5000
LOAN 0000021979026
LAST_NAME BRYANT
ADDRESS 5 PLANTATION ROAD
CITY PLYMOUTH
STATE MA
ZIP 023600000
MORT $143,200.00
BAL $143,068.65
RATE 9.850
PAI $1,240.84
CLTV 80.000
MATURITY 121229
FEE 0.5000
LOAN 0000021979083
LAST_NAME MESSER
ADDRESS 14315 SCRUB OAK DRIVE
CITY BROOKSVILLE
STATE FL
ZIP 346130000
MORT $52,000.00
BAL $51,736.30
RATE 9.500
PAI $543.00
CLTV 80.000
MATURITY 121230
FEE 0.5000
LOAN 0000021979109
LAST_NAME FULLERTON
ADDRESS 1816 S. 60TH COURT
CITY CICERO
STATE IL
ZIP 608040000
MORT $92,500.00
BAL $92,500.00
RATE 8.350
PAI $701.44
CLTV 76.446
MATURITY 280227
FEE 0.5000
LOAN 0000021979117
LAST_NAME APOLO
ADDRESS 286 VAN NOSTRAND AVENUE
CITY JERSEY CITY
STATE NJ
ZIP 073050000
MORT $27,000.00
BAL $26,929.93
RATE 9.200
PAI $277.07
CLTV 33.560
MATURITY 130105
FEE 0.5000
LOAN 0000021979133
LAST_NAME WHITMAN
ADDRESS 2 27155 DECKARD ROAD
CITY COCHRANTON
STATE PA
ZIP 163140000
MORT $28,000.00
BAL $27,862.44
RATE 9.850
PAI $298.33
CLTV 77.777
MATURITY 121229
FEE 0.5000
LOAN 0000021979182
LAST_NAME BONTRAGER
ADDRESS 1926 LYNWOOD DRIVE
CITY KOKOMO
STATE IN
ZIP 469010000
MORT $56,000.00
BAL $55,795.17
RATE 10.750
PAI $568.53
CLTV 80.000
MATURITY 171222
FEE 0.5000
LOAN 0000021979208
LAST_NAME MILLER
ADDRESS 8783 HIRAM-POWDER SPRINGS
CITY HIRAM
STATE GA
ZIP 301410000
MORT $58,000.00
BAL $57,909.94
RATE 9.850
PAI $520.93
CLTV 78.378
MATURITY 221229
FEE 0.5000
LOAN 0000021979224
LAST_NAME DALTON
ADDRESS 5785 ANDOVER BOULEVARD
CITY GARFIELD HE
STATE OH
ZIP 441250000
MORT $21,500.00
BAL $21,447.41
RATE 9.850
PAI $229.07
CLTV 22.164
MATURITY 121230
FEE 0.5000
LOAN 0000021979265
LAST_NAME ALLEN
ADDRESS 26520 COLERIDGE STREET
CITY HARRISON TO
STATE MI
ZIP 480450000
MORT $26,275.00
BAL $25,942.37
RATE 10.750
PAI $568.01
CLTV 79.985
MATURITY 21230
FEE 0.5000
LOAN 0000021979273
LAST_NAME THOMPSON
ADDRESS 4222 CHERRY STREET
CITY CINCINNATI
STATE OH
ZIP 452230000
MORT $61,110.00
BAL $60,730.56
RATE 10.100
PAI $593.78
CLTV 88.565
MATURITY 180101
FEE 0.5000
LOAN 0000021979307
LAST_NAME SWEENEY
ADDRESS 265 WOODLAND ROAD
CITY STORRS
STATE CT
ZIP 062680000
MORT $85,000.00
BAL $84,882.13
RATE 9.600
PAI $797.87
CLTV 52.469
MATURITY 180105
FEE 0.5000
LOAN 0000021979315
LAST_NAME REHM
ADDRESS 1336 GRANITE COURT
CITY AUBURN
STATE AL
ZIP 368300000
MORT $66,000.00
BAL $65,967.54
RATE 9.500
PAI $554.96
CLTV 77.647
MATURITY 280101
FEE 0.5000
LOAN 0000021979323
LAST_NAME KIRKENDALL
ADDRESS 11534 SPRING HILL DRIVE
CITY SPRING HILL
STATE FL
ZIP 346090000
MORT $75,000.00
BAL $74,914.27
RATE 8.800
PAI $592.71
CLTV 75.000
MATURITY 271217
FEE 0.5000
LOAN 0000021979380
LAST_NAME GIBSON
ADDRESS 302 DAMASCUS ROAD
CITY GASTONIA
STATE NC
ZIP 280540000
MORT $76,800.00
BAL $76,022.17
RATE 9.500
PAI $645.78
CLTV 80.000
MATURITY 121224
FEE 0.5000
LOAN 0000021979422
LAST_NAME SCHWEICKERT
ADDRESS 1619 KNOLLWOOD DRIVE
CITY RICHMOND
STATE VA
ZIP 232350000
MORT $60,000.00
BAL $59,838.22
RATE 9.850
PAI $573.06
CLTV 67.415
MATURITY 171223
FEE 0.5000
LOAN 0000021979455
LAST_NAME CLANCY
ADDRESS 5426 29TH AVENUE SOUTH
CITY ST PETERSBU
STATE FL
ZIP 337070000
MORT $42,400.00
BAL $42,377.31
RATE 9.100
PAI $344.22
CLTV 80.000
MATURITY 121223
FEE 0.5000
LOAN 0000021979497
LAST_NAME GOMEZ
ADDRESS RTE 3 BOX 180-D
CITY GEORGIANA
STATE AL
ZIP 360330000
MORT $112,000.00
BAL $111,941.33
RATE 9.200
PAI $917.34
CLTV 80.000
MATURITY 271229
FEE 0.5000
LOAN 0000021979570
LAST_NAME FARRIS
ADDRESS 4659 SKYLINE DRIVE
CITY ASHLAND
STATE KY
ZIP 411020000
MORT $60,800.00
BAL $60,800.00
RATE 7.950
PAI $656.47
CLTV 80.000
MATURITY 100227
FEE 0.5000
LOAN 0000021979638
LAST_NAME HICKS
ADDRESS 721 POTTER AVENUE
CITY BESSEMER
STATE AL
ZIP 350200000
MORT $63,200.00
BAL $63,142.64
RATE 9.900
PAI $549.96
CLTV 80.000
MATURITY 271218
FEE 0.5000
LOAN 0000021979687
LAST_NAME CATHER
ADDRESS 35059 ELM ROAD
CITY GRAFTON
STATE OH
ZIP 440440000
MORT $60,800.00
BAL $60,705.44
RATE 8.700
PAI $535.36
CLTV 80.000
MATURITY 180101
FEE 0.5000
LOAN 0000021979703
LAST_NAME THOMPSON
ADDRESS 1275 GARLAND STREET
CITY MOBILE
STATE AL
ZIP 366180000
MORT $48,000.00
BAL $48,000.00
RATE 9.350
PAI $398.37
CLTV 75.000
MATURITY 280218
FEE 0.5000
LOAN 0000021979752
LAST_NAME VAN HOUSEN
ADDRESS 24780 7TH STREET
CITY ARDMORE
STATE AL
ZIP 357390000
MORT $30,000.00
BAL $29,927.29
RATE 9.950
PAI $321.46
CLTV 35.714
MATURITY 121222
FEE 0.5000
LOAN 0000021979786
LAST_NAME GRANT
ADDRESS 52 CHESTNUT HILL
CITY STAFFORD
STATE CT
ZIP 060760000
MORT $84,000.00
BAL $83,604.38
RATE 8.500
PAI $728.97
CLTV 80.000
MATURITY 171222
FEE 0.5000
LOAN 0000021979828
LAST_NAME ELLISON
ADDRESS 612 ANNA DRIVE
CITY DEXTER
STATE MO
ZIP 638410000
MORT $92,300.00
BAL $92,033.26
RATE 8.000
PAI $882.07
CLTV 78.220
MATURITY 121229
FEE 0.5000
LOAN 0000021979844
LAST_NAME HILLS
ADDRESS 590 E 94TH STREET
CITY BROOKLYN
STATE NY
ZIP 112360000
MORT $63,500.00
BAL $63,206.11
RATE 10.500
PAI $701.93
CLTV 62.907
MATURITY 121230
FEE 0.5000
LOAN 0000021979901
LAST_NAME BYRD
ADDRESS 33 CARYVILLE CROSSING
CITY BELLINGHAM
STATE MA
ZIP 020190000
MORT $132,800.00
BAL $132,743.71
RATE 10.200
PAI $1,185.09
CLTV 80.000
MATURITY 130101
FEE 0.5000
LOAN 0000021979927
LAST_NAME JOHNSON
ADDRESS 9744 HALSEY ROAD
CITY JACKSONVILL
STATE FL
ZIP 322460000
MORT $44,500.00
BAL $44,398.65
RATE 10.750
PAI $451.78
CLTV 72.950
MATURITY 180108
FEE 0.5000
LOAN 0000021979935
LAST_NAME HUBER
ADDRESS 299 N MAIN STREET
CITY OTTAWA
STATE OH
ZIP 458750000
MORT $59,500.00
BAL $59,336.33
RATE 8.800
PAI $527.71
CLTV 70.000
MATURITY 171229
FEE 0.5000
LOAN 0000021979943
LAST_NAME GRAY
ADDRESS 65 OLD HORSENECK ROAD
CITY WESTPORT
STATE MA
ZIP 027900000
MORT $53,000.00
BAL $52,468.46
RATE 9.600
PAI $688.71
CLTV 77.725
MATURITY 71217
FEE 0.5000
LOAN 0000021979984
LAST_NAME LUTKEVICH
ADDRESS 7 MAGOUN AVENUE
CITY MEDFORD
STATE MA
ZIP 021550000
MORT $118,000.00
BAL $117,824.31
RATE 7.500
PAI $825.07
CLTV 57.843
MATURITY 121212
FEE 0.5000
LOAN 0000021980008
LAST_NAME KOSARZECKI
ADDRESS 714 CHRISTINE DRIVE
CITY MCHENRY
STATE IL
ZIP 600500000
MORT $120,000.00
BAL $119,820.10
RATE 8.990
PAI $1,078.90
CLTV 80.000
MATURITY 171224
FEE 0.5000
LOAN 0000021980107
LAST_NAME KANTOSKI
ADDRESS 2308 MAPLE HOLLOW ROAD
CITY DUNCANSVILL
STATE PA
ZIP 166350000
MORT $10,000.00
BAL $9,869.83
RATE 9.700
PAI $211.00
CLTV 74.555
MATURITY 21230
FEE 0.5000
LOAN 0000021980156
LAST_NAME HYCHE
ADDRESS 395 POLLARD ROAD
CITY NORTHBRIDGE
STATE MA
ZIP 015340000
MORT $19,400.00
BAL $19,377.56
RATE 10.990
PAI $200.11
CLTV 84.930
MATURITY 171231
FEE 0.5000
LOAN 0000021980248
LAST_NAME TAYLOR
ADDRESS 80 3RD AVENUE
CITY BROOMALL
STATE PA
ZIP 190080000
MORT $104,000.00
BAL $104,000.00
RATE 8.200
PAI $777.67
CLTV 80.000
MATURITY 280209
FEE 0.5000
LOAN 0000021980321
LAST_NAME MACNEIL
ADDRESS R.D. #222 B LEE ROAD
CITY GRANVILLE
STATE NY
ZIP 128320000
MORT $55,500.00
BAL $55,404.69
RATE 8.750
PAI $490.46
CLTV 61.666
MATURITY 171230
FEE 0.5000
LOAN 0000021980396
LAST_NAME SMITH
ADDRESS 48 STILL WELL ROAD
CITY TOWNSHIP OF
STATE NJ
ZIP 088240000
MORT $136,000.00
BAL $136,000.00
RATE 8.000
PAI $1,137.56
CLTV 79.069
MATURITY 180128
FEE 0.5000
LOAN 0000021980404
LAST_NAME FREY
ADDRESS 108 LAKECREST CIRCLE
CITY MADISON
STATE AL
ZIP 357580000
MORT $97,000.00
BAL $96,847.96
RATE 9.250
PAI $798.00
CLTV 52.717
MATURITY 271201
FEE 0.5000
LOAN 0000021980453
LAST_NAME BROOKS
ADDRESS 10436 ELMARGE ROAD
CITY CLEVELAND
STATE OH
ZIP 441050000
MORT $57,375.00
BAL $57,349.61
RATE 10.000
PAI $503.51
CLTV 85.000
MATURITY 271223
FEE 0.5000
LOAN 0000021980537
LAST_NAME SANDERS
ADDRESS 9201 BRAILE STREET
CITY DETROIT
STATE MI
ZIP 482280000
MORT $55,000.00
BAL $55,000.00
RATE 9.950
PAI $480.64
CLTV 76.388
MATURITY 130105
FEE 0.5000
LOAN 0000021980545
LAST_NAME BARBER
ADDRESS 4617 W FOREST PARK AVE
CITY BALTIMORE
STATE MD
ZIP 212070000
MORT $67,500.00
BAL $67,500.00
RATE 9.750
PAI $579.93
CLTV 75.000
MATURITY 130217
FEE 0.5000
LOAN 0000021980552
LAST_NAME MILIAN
ADDRESS 2540 CLYDESDALE AVENUE
CITY BEVERLY HIL
STATE FL
ZIP 344650000
MORT $140,400.00
BAL $139,810.08
RATE 8.650
PAI $1,094.52
CLTV 80.000
MATURITY 271201
FEE 0.5000
LOAN 0000021980578
LAST_NAME LANDRIGAN
ADDRESS 16 SHERBROOKE DRIVE
CITY SMITHTOWN
STATE NY
ZIP 117870000
MORT $83,500.00
BAL $83,338.68
RATE 9.050
PAI $674.87
CLTV 59.642
MATURITY 271229
FEE 0.5000
LOAN 0000021980586
LAST_NAME STEFFEN
ADDRESS 418 RAMION AVE
CITY MICHIGAN CI
STATE IN
ZIP 463600000
MORT $55,200.00
BAL $54,791.00
RATE 8.500
PAI $543.58
CLTV 73.209
MATURITY 130105
FEE 0.5000
LOAN 0000021980610
LAST_NAME CANTRELL
ADDRESS 5 ALICE AVENUE
CITY NORTH BILLE
STATE MA
ZIP 018620000
MORT $59,000.00
BAL $58,929.55
RATE 10.750
PAI $598.99
CLTV 45.384
MATURITY 180106
FEE 0.5000
LOAN 0000021980628
LAST_NAME SIEFERD
ADDRESS 707 WILLOW DRIVE
CITY EUCLID
STATE OH
ZIP 441320000
MORT $86,700.00
BAL $86,700.00
RATE 8.850
PAI $688.28
CLTV 85.000
MATURITY 280205
FEE 0.5000
LOAN 0000021980644
LAST_NAME WATERS
ADDRESS 7956 EVENING FLOWER LANE
CITY JACKSONVILL
STATE FL
ZIP 322440000
MORT $70,400.00
BAL $70,400.00
RATE 7.750
PAI $577.95
CLTV 80.000
MATURITY 180211
FEE 0.5000
LOAN 0000021980651
LAST_NAME BLAIR
ADDRESS 208 E JEFFERSON STREET
CITY EATON
STATE IN
ZIP 473380000
MORT $25,000.00
BAL $24,877.60
RATE 9.950
PAI $329.69
CLTV 71.428
MATURITY 71217
FEE 0.5000
LOAN 0000021980669
LAST_NAME REENSTRA
ADDRESS 439 WATERMAN ROAD
CITY LEBANON
STATE CT
ZIP 062490000
MORT $121,500.00
BAL $121,500.00
RATE 8.350
PAI $1,185.80
CLTV 65.675
MATURITY 130204
FEE 0.5000
LOAN 0000021980677
LAST_NAME MEYER
ADDRESS 19617 100TH AVENUE
CITY HOLLIS
STATE NY
ZIP 114230000
MORT $93,000.00
BAL $92,605.40
RATE 9.800
PAI $988.04
CLTV 48.947
MATURITY 121215
FEE 0.5000
LOAN 0000021980685
LAST_NAME BANTAG
ADDRESS 7125 BLACHE COURT
CITY JACKSONVILL
STATE FL
ZIP 322100000
MORT $21,700.00
BAL $21,410.10
RATE 9.990
PAI $209.27
CLTV 74.263
MATURITY 171224
FEE 0.5000
LOAN 0000021980727
LAST_NAME WHISTLER
ADDRESS 305 MADDOX RD
CITY OTTERBEIN
STATE IN
ZIP 479700000
MORT $13,000.00
BAL $12,967.17
RATE 9.500
PAI $135.75
CLTV 48.414
MATURITY 130105
FEE 0.5000
LOAN 0000021980735
LAST_NAME QUEVEDO
ADDRESS 2640 SOUTH KILDARE AVENUE
CITY CHICAGO
STATE IL
ZIP 606230000
MORT $56,000.00
BAL $55,973.87
RATE 9.750
PAI $481.13
CLTV 46.666
MATURITY 130105
FEE 0.5000
LOAN 0000021980768
LAST_NAME POLACEK
ADDRESS 135 HUNTINGTON BAY ROAD
CITY HUNTINGTON
STATE NY
ZIP 117430000
MORT $294,000.00
BAL $293,233.51
RATE 9.150
PAI $3,008.24
CLTV 77.368
MATURITY 130106
FEE 0.5000
LOAN 0000021980875
LAST_NAME ROMERO
ADDRESS 1202 S CHESTNUT
CITY CASPER
STATE WY
ZIP 826010000
MORT $22,500.00
BAL $22,464.75
RATE 9.250
PAI $185.11
CLTV 34.615
MATURITY 271201
FEE 0.5000
LOAN 0000021980891
LAST_NAME BROOME
ADDRESS 2010 CHURCH ROAD
CITY BALDWINSVIL
STATE NY
ZIP 130270000
MORT $25,900.00
BAL $25,724.73
RATE 8.990
PAI $262.54
CLTV 31.975
MATURITY 130107
FEE 0.5000
LOAN 0000021980966
LAST_NAME REEVES
ADDRESS 8133 8TH STREET
CITY LAUREL HILL
STATE FL
ZIP 325670000
MORT $44,000.00
BAL $44,000.00
RATE 10.550
PAI $404.14
CLTV 80.000
MATURITY 130106
FEE 0.5000
LOAN 0000021980974
LAST_NAME CLAUDE
ADDRESS 2514 WASHINGTON STREET
CITY WILMINGTON
STATE DE
ZIP 198020000
MORT $66,300.00
BAL $66,273.36
RATE 10.450
PAI $604.00
CLTV 85.000
MATURITY 130105
FEE 0.5000
LOAN 0000021980990
LAST_NAME LEIBENGUTH
ADDRESS 111 SCOTT STREET
CITY WAYLAND
STATE NY
ZIP 145720000
MORT $35,100.00
BAL $34,755.69
RATE 9.990
PAI $463.65
CLTV 76.154
MATURITY 80106
FEE 0.5000
LOAN 0000021981006
LAST_NAME HARRIS
ADDRESS 6 JOHNSON STREET
CITY SALEM
STATE NJ
ZIP 080790000
MORT $69,300.00
BAL $69,300.00
RATE 10.700
PAI $644.30
CLTV 90.000
MATURITY 280218
FEE 0.5000
LOAN 0000021981055
LAST_NAME HART
ADDRESS ROUTE 1, BOX 1830
CITY JEFFERSONVI
STATE GA
ZIP 310440000
MORT $45,900.00
BAL $45,900.00
RATE 10.700
PAI $426.74
CLTV 85.000
MATURITY 130210
FEE 0.5000
LOAN 0000021981212
LAST_NAME BORAN
ADDRESS 30 RANDOLPH LANE
CITY SICKLERVILL
STATE NJ
ZIP 080810000
MORT $24,100.00
BAL $24,052.21
RATE 12.100
PAI $290.80
CLTV 79.966
MATURITY 121224
FEE 0.5000
LOAN 0000021981238
LAST_NAME DANSBURY
ADDRESS 17 BAKER HILL ROAD
CITY GREAT NECK
STATE NY
ZIP 110230000
MORT $280,500.00
BAL $280,286.77
RATE 9.950
PAI $2,539.03
CLTV 85.000
MATURITY 221229
FEE 0.5000
LOAN 0000021981279
LAST_NAME ODUM
ADDRESS 107 E 7TH STREET
CITY BAY MINETTE
STATE AL
ZIP 365070000
MORT $57,600.00
BAL $57,600.00
RATE 11.600
PAI $574.81
CLTV 90.000
MATURITY 130221
FEE 0.5000
LOAN 0000021981311
LAST_NAME JOHNSON
ADDRESS 91 BUCKINGHAM STREET
CITY HONEOYE
STATE NY
ZIP 144710000
MORT $72,000.00
BAL $72,000.00
RATE 8.650
PAI $631.69
CLTV 90.000
MATURITY 180217
FEE 0.5000
LOAN 0000021981378
LAST_NAME CICCOLINI
ADDRESS 5616 QUINCY STREET
CITY HYATTSVILLE
STATE MD
ZIP 207840000
MORT $72,000.00
BAL $71,961.48
RATE 9.100
PAI $584.52
CLTV 75.000
MATURITY 121223
FEE 0.5000
LOAN 0000021981469
LAST_NAME SAN FILIPPO
ADDRESS 260 ASHFORD AVENUE
CITY DOBBS FERRY
STATE NY
ZIP 105220000
MORT $353,000.00
BAL $352,669.28
RATE 9.750
PAI $3,032.82
CLTV 79.864
MATURITY 130106
FEE 0.5000
LOAN 0000021981519
LAST_NAME JANCZAK
ADDRESS 31 NORTH PLEASANT DRIVE
CITY SCHAUMBURG
STATE IL
ZIP 601940000
MORT $62,400.00
BAL $62,400.00
RATE 7.350
PAI $573.15
CLTV 22.285
MATURITY 130219
FEE 0.5000
LOAN 0000021981527
LAST_NAME JANCZAK
ADDRESS 31 NORTH PLEASANT DRIVE
CITY SCHAUMBURG
STATE IL
ZIP 601940000
MORT $44,000.00
BAL $44,000.00
RATE 7.850
PAI $682.51
CLTV 38.000
MATURITY 50219
FEE 0.5000
LOAN 0000021981543
LAST_NAME BUTCHER
ADDRESS 137 COWNECK ROAD
CITY PORT WASHIN
STATE NY
ZIP 110500000
MORT $73,000.00
BAL $72,740.49
RATE 10.100
PAI $709.31
CLTV 62.063
MATURITY 171217
FEE 0.5000
LOAN 0000021981584
LAST_NAME DUNCAN
ADDRESS 3654 LONDON ROAD
CITY CHAMBLEE
STATE GA
ZIP 303410000
MORT $124,000.00
BAL $124,000.00
RATE 7.550
PAI $1,475.15
CLTV 76.073
MATURITY 80218
FEE 0.5000
LOAN 0000021981592
LAST_NAME CAIN
ADDRESS 4602 FORRESTAL STREET
CITY PENSACOLA
STATE FL
ZIP 325060000
MORT $27,200.00
BAL $27,164.13
RATE 9.990
PAI $262.31
CLTV 79.966
MATURITY 180105
FEE 0.5000
LOAN 0000021981634
LAST_NAME CICCANTELLI
ADDRESS 85 NOTRE DAME AVENUE
CITY NEW CASTLE
STATE DE
ZIP 197200000
MORT $68,000.00
BAL $67,962.78
RATE 8.990
PAI $546.65
CLTV 80.000
MATURITY 271219
FEE 0.5000
LOAN 0000021981642
LAST_NAME EDWARDS
ADDRESS 2150 WEST NORTON AVENUE
CITY MUSKEGON
STATE MI
ZIP 494410000
MORT $25,000.00
BAL $24,884.56
RATE 11.650
PAI $269.20
CLTV 67.295
MATURITY 171229
FEE 0.5000
LOAN 0000021981683
LAST_NAME CERA
ADDRESS 17008 HERSPERGER LANE
CITY POOLESVILLE
STATE MD
ZIP 208370000
MORT $71,000.00
BAL $70,917.98
RATE 11.000
PAI $732.85
CLTV 61.769
MATURITY 171202
FEE 0.5000
LOAN 0000021981691
LAST_NAME WOODS
ADDRESS 7949 SHANNON COURT
CITY DUBLIN
STATE CA
ZIP 945680000
MORT $236,250.00
BAL $235,799.26
RATE 10.000
PAI $2,073.26
CLTV 75.000
MATURITY 271101
FEE 0.5000
LOAN 0000021981741
LAST_NAME JENKINS
ADDRESS 2550 OUIDA DRIVE
CITY GADSDEN
STATE AL
ZIP 359030000
MORT $41,000.00
BAL $41,000.00
RATE 7.450
PAI $329.05
CLTV 55.405
MATURITY 180224
FEE 0.5000
LOAN 0000021981758
LAST_NAME BENOIT
ADDRESS 195 NORTH MAIN STREET
CITY BRANFORD
STATE CT
ZIP 064050000
MORT $22,300.00
BAL $22,195.73
RATE 10.750
PAI $304.04
CLTV 18.583
MATURITY 71230
FEE 0.5000
LOAN 0000021981857
LAST_NAME BUCHANAN
ADDRESS 52 ELMSWELL AVENUE
CITY LAKEHURST
STATE NJ
ZIP 087330000
MORT $60,500.00
BAL $60,500.00
RATE 8.650
PAI $530.79
CLTV 65.760
MATURITY 180211
FEE 0.5000
LOAN 0000021981907
LAST_NAME BOYLE
ADDRESS 127 GREAT OAK DRIVE LOT 3
CITY LINCOLN UNI
STATE PA
ZIP 193520000
MORT $168,300.00
BAL $168,086.85
RATE 10.300
PAI $1,657.73
CLTV 90.014
MATURITY 171230
FEE 0.5000
LOAN 0000021981949
LAST_NAME BUTCHER
ADDRESS 1 RR BOX 300
CITY WALTON
STATE IN
ZIP 469940000
MORT $48,800.00
BAL $48,735.65
RATE 9.990
PAI $470.61
CLTV 80.000
MATURITY 180107
FEE 0.5000
LOAN 0000021982079
LAST_NAME BROWN
ADDRESS 390 MINNESOTA AVENUE
CITY BUFFALO
STATE NY
ZIP 142150000
MORT $60,000.00
BAL $59,910.05
RATE 8.990
PAI $539.45
CLTV 80.000
MATURITY 180105
FEE 0.5000
LOAN 0000021982087
LAST_NAME OWENS
ADDRESS 2811 40TH COURT
CITY TUSCALOOSA
STATE AL
ZIP 364010000
MORT $49,500.00
BAL $49,481.69
RATE 10.950
PAI $469.54
CLTV 90.000
MATURITY 271229
FEE 0.5000
LOAN 0000021982103
LAST_NAME BROCKBANK
ADDRESS 21 N FAIRGROUNDS ROAD
CITY PRICE
STATE UT
ZIP 845010000
MORT $103,100.00
BAL $102,610.95
RATE 10.500
PAI $1,391.18
CLTV 74.618
MATURITY 80112
FEE 0.5000
LOAN 0000021982111
LAST_NAME BARNES
ADDRESS 4381 ABINGDON DRIVE
CITY STONE MOUNT
STATE GA
ZIP 300830000
MORT $93,000.00
BAL $92,762.03
RATE 8.500
PAI $715.09
CLTV 77.500
MATURITY 271201
FEE 0.5000
LOAN 0000021982178
LAST_NAME WEEKS
ADDRESS 7032 OLD SPRINGVILLE ROAD
CITY PINSON
STATE AL
ZIP 351260000
MORT $19,000.00
BAL $18,961.79
RATE 11.950
PAI $227.42
CLTV 79.903
MATURITY 121217
FEE 0.5000
LOAN 0000021982194
LAST_NAME POWER
ADDRESS 2845 MILL HILL ROAD
CITY WALDORF
STATE MD
ZIP 206030000
MORT $111,200.00
BAL $110,901.70
RATE 9.500
PAI $935.03
CLTV 80.000
MATURITY 130105
FEE 0.5000
LOAN 0000021982228
LAST_NAME CULVER-SIEGE
ADDRESS 501 NORTH CAYUGA STREET
CITY GLADWIN
STATE MI
ZIP 486240000
MORT $60,000.00
BAL $59,865.56
RATE 10.800
PAI $674.44
CLTV 58.823
MATURITY 130114
FEE 0.5000
LOAN 0000021982244
LAST_NAME WOODARD
ADDRESS 4903 BIG HORN STREET
CITY ORLANDO
STATE FL
ZIP 328190000
MORT $48,000.00
BAL $48,000.00
RATE 8.350
PAI $468.47
CLTV 69.565
MATURITY 130211
FEE 0.5000
LOAN 0000021982251
LAST_NAME BOTTS
ADDRESS 34018 WOODLAND CIRCLE
CITY RIDGE MANOR
STATE FL
ZIP 335230000
MORT $20,000.00
BAL $19,948.79
RATE 9.350
PAI $207.04
CLTV 44.444
MATURITY 130116
FEE 0.5000
LOAN 0000021982269
LAST_NAME BOYD
ADDRESS 15 GERMAN HILL ROAD
CITY BALTIMORE
STATE MD
ZIP 212220000
MORT $90,100.00
BAL $90,050.68
RATE 8.990
PAI $724.32
CLTV 85.000
MATURITY 280105
FEE 0.5000
LOAN 0000021982277
LAST_NAME DEOLALL
ADDRESS 38 HIGHLAND PLACE
CITY BROOKLYN
STATE NY
ZIP 112080000
MORT $18,800.00
BAL $18,713.32
RATE 10.990
PAI $258.86
CLTV 84.963
MATURITY 71229
FEE 0.5000
LOAN 0000021982293
LAST_NAME PETTIGREW
ADDRESS 8335 NAVAHOE DRIVE
CITY SILVER SPRI
STATE MD
ZIP 209030000
MORT $94,000.00
BAL $93,992.49
RATE 9.500
PAI $790.41
CLTV 82.456
MATURITY 280103
FEE 0.5000
LOAN 0000021982319
LAST_NAME PEACH
ADDRESS 810 VEDADO WAY NORTH EAST
CITY ALTANTA
STATE GA
ZIP 303080000
MORT $25,900.00
BAL $25,839.79
RATE 10.990
PAI $267.17
CLTV 84.577
MATURITY 171217
FEE 0.5000
LOAN 0000021982368
LAST_NAME KINSLOW
ADDRESS 27 CARVER ROAD
CITY CABIN JOHN
STATE MD
ZIP 208180000
MORT $98,000.00
BAL $98,000.00
RATE 9.600
PAI $831.20
CLTV 78.400
MATURITY 130108
FEE 0.5000
LOAN 0000021982392
LAST_NAME MCDONALD
ADDRESS 4802 BLOSSOM DRIVE
CITY HOLIDAY
STATE FL
ZIP 346900000
MORT $48,000.00
BAL $47,978.08
RATE 9.850
PAI $415.92
CLTV 80.000
MATURITY 130112
FEE 0.5000
LOAN 0000021982400
LAST_NAME VAUGHAN
ADDRESS 518 SOUTH COLLINS AVENUE
CITY BALTIMORE
STATE MD
ZIP 212290000
MORT $38,000.00
BAL $37,798.21
RATE 8.990
PAI $385.20
CLTV 50.666
MATURITY 121224
FEE 0.5000
LOAN 0000021982434
LAST_NAME BIGGS
ADDRESS 9345 WEST 92ND AVENUE
CITY WESTMINSTER
STATE CO
ZIP 800210000
MORT $96,700.00
BAL $96,487.13
RATE 10.990
PAI $1,098.48
CLTV 80.142
MATURITY 130106
FEE 0.5000
LOAN 0000021982442
LAST_NAME HENCHEY
ADDRESS 12 MATTHEW LANE
CITY COXSACKIE
STATE NY
ZIP 120510000
MORT $85,000.00
BAL $84,760.83
RATE 8.300
PAI $827.09
CLTV 74.561
MATURITY 130201
FEE 0.5000
LOAN 0000021982467
LAST_NAME MAYFIELD
ADDRESS 2803 FLAT SHOALS ROAD
CITY DECATUR
STATE GA
ZIP 300340000
MORT $72,000.00
BAL $71,900.00
RATE 10.000
PAI $694.82
CLTV 90.000
MATURITY 180112
FEE 0.5000
LOAN 0000021982533
LAST_NAME HUFF
ADDRESS 7902 TYLER STREET
CITY LANHAM
STATE MD
ZIP 207060000
MORT $75,000.00
BAL $74,954.56
RATE 8.500
PAI $576.69
CLTV 66.371
MATURITY 280117
FEE 0.5000
LOAN 0000021982574
LAST_NAME DUNCAN
ADDRESS 1496 S 800 EAST
CITY GREENTOWN
STATE IN
ZIP 469360000
MORT $72,900.00
BAL $72,900.00
RATE 8.850
PAI $578.72
CLTV 90.000
MATURITY 280211
FEE 0.5000
LOAN 0000021982582
LAST_NAME MCDOUGALD
ADDRESS 114 SOUTH MEADOW DRIVE
CITY GLEN BURNIE
STATE MD
ZIP 210600000
MORT $88,000.00
BAL $87,602.65
RATE 8.990
PAI $892.04
CLTV 80.000
MATURITY 121223
FEE 0.5000
LOAN 0000021982608
LAST_NAME STACK
ADDRESS 148 DOWE ROAD
CITY ELLENVILLE
STATE NY
ZIP 124280000
MORT $18,000.00
BAL $17,921.56
RATE 11.150
PAI $206.29
CLTV 62.916
MATURITY 121229
FEE 0.5000
LOAN 0000021982616
LAST_NAME TESTER
ADDRESS 40 LEIGUS ROAD
CITY WALLINGFORD
STATE CT
ZIP 064920000
MORT $70,000.00
BAL $70,000.00
RATE 7.550
PAI $491.85
CLTV 42.682
MATURITY 280223
FEE 0.5000
LOAN 0000021982632
LAST_NAME WAITE
ADDRESS 154 LEACH HILL ROAD
CITY PINE CITY
STATE NY
ZIP 148710000
MORT $76,000.00
BAL $75,881.80
RATE 8.700
PAI $669.20
CLTV 80.000
MATURITY 171229
FEE 0.5000
LOAN 0000021982665
LAST_NAME BUSCETTO
ADDRESS 123 VAN TASSLE AVENUE
CITY SLEEPY HOLL
STATE NY
ZIP 105910000
MORT $65,100.00
BAL $64,798.72
RATE 10.500
PAI $719.61
CLTV 63.914
MATURITY 121229
FEE 0.5000
LOAN 0000021982731
LAST_NAME ATKINS
ADDRESS 1886 PATTERSON ROAD
CITY MARIETTA
STATE NY
ZIP 131100000
MORT $24,500.00
BAL $24,450.15
RATE 11.990
PAI $269.60
CLTV 81.625
MATURITY 171231
FEE 0.5000
LOAN 0000021982756
LAST_NAME BALZER
ADDRESS 7118 BOSTON CROSSROAD
CITY BOSTON
STATE NY
ZIP 140250000
MORT $18,350.00
BAL $18,309.61
RATE 10.990
PAI $208.45
CLTV 84.830
MATURITY 121226
FEE 0.5000
LOAN 0000021982764
LAST_NAME KING
ADDRESS 133 KENT STREET
CITY SCITUATE
STATE MA
ZIP 020660000
MORT $20,500.00
BAL $20,467.31
RATE 8.500
PAI $177.90
CLTV 76.399
MATURITY 180113
FEE 0.5000
LOAN 0000021982798
LAST_NAME TAYLOR
ADDRESS RT 2 BOX 888
CITY LUVERNE
STATE AL
ZIP 360490000
MORT $44,000.00
BAL $43,906.32
RATE 11.650
PAI $473.78
CLTV 80.000
MATURITY 171222
FEE 0.5000
LOAN 0000021982814
LAST_NAME MOHAN
ADDRESS 17 CLIFFVIEW LANE
CITY VOORHEESVIL
STATE NY
ZIP 121860000
MORT $29,250.00
BAL $29,126.63
RATE 11.500
PAI $341.70
CLTV 29.481
MATURITY 121223
FEE 0.5000
LOAN 0000021982848
LAST_NAME BICE
ADDRESS 215 WILLIAMS AVENUE
CITY HANCEVILLE
STATE AL
ZIP 350770000
MORT $41,600.00
BAL $41,600.00
RATE 13.500
PAI $476.50
CLTV 80.000
MATURITY 280105
FEE 0.5000
LOAN 0000021982855
LAST_NAME MANNS
ADDRESS 4541 N 67TH STREET
CITY MILWAUKEE
STATE WI
ZIP 532180000
MORT $64,000.00
BAL $63,918.42
RATE 10.250
PAI $628.25
CLTV 80.000
MATURITY 171231
FEE 0.5000
LOAN 0000021982863
LAST_NAME LOMBARDO
ADDRESS 1416 S MYRTLE STREET
CITY VINELAND
STATE NJ
ZIP 083600000
MORT $71,000.00
BAL $70,887.47
RATE 8.550
PAI $618.41
CLTV 73.958
MATURITY 180101
FEE 0.5000
LOAN 0000021982871
LAST_NAME RAMSEY
ADDRESS 1710 SEENEYTOWN ROAD
CITY DOVER
STATE DE
ZIP 199040000
MORT $24,290.00
BAL $24,154.72
RATE 10.850
PAI $273.80
CLTV 85.000
MATURITY 121224
FEE 0.5000
LOAN 0000021982897
LAST_NAME HALL
ADDRESS 821 CORRELL AVENUE NE
CITY CANTON
STATE OH
ZIP 447040000
MORT $26,600.00
BAL $26,588.84
RATE 10.250
PAI $238.37
CLTV 88.666
MATURITY 130105
FEE 0.5000
LOAN 0000021982921
LAST_NAME GOODSON
ADDRESS 19985 ALABAMA HIGHWAY 127
CITY ATHENS
STATE AL
ZIP 356140000
MORT $70,200.00
BAL $70,174.14
RATE 10.850
PAI $660.59
CLTV 90.000
MATURITY 271229
FEE 0.5000
LOAN 0000021982939
LAST_NAME TABASZEWSKI
ADDRESS 934 KAYPAT DRIVE
CITY HOPE
STATE MI
ZIP 486280000
MORT $29,250.00
BAL $29,227.00
RATE 9.750
PAI $260.66
CLTV 59.693
MATURITY 221222
FEE 0.5000
LOAN 0000021982962
LAST_NAME NASSER
ADDRESS 3 OLD ROAD
CITY JAMESBURG
STATE NJ
ZIP 088310000
MORT $32,500.00
BAL $32,437.97
RATE 12.500
PAI $400.57
CLTV 85.000
MATURITY 121222
FEE 0.5000
LOAN 0000021982996
LAST_NAME FREELING
ADDRESS 35 HUMBERT STREET
CITY GENEVA
STATE NY
ZIP 144560000
MORT $22,500.00
BAL $22,470.33
RATE 9.990
PAI $216.98
CLTV 60.810
MATURITY 180108
FEE 0.5000
LOAN 0000021983010
LAST_NAME STEWART
ADDRESS 7531 SUMMIT DRIVE NORTH
CITY MOBILE
STATE AL
ZIP 366180000
MORT $13,150.00
BAL $13,019.12
RATE 11.850
PAI $187.53
CLTV 79.759
MATURITY 71216
FEE 0.5000
LOAN 0000021983044
LAST_NAME THERRELL
ADDRESS 2447 OLE WOODS COURT
CITY ROCK HILL
STATE SC
ZIP 297320000
MORT $85,250.00
BAL $85,206.72
RATE 9.350
PAI $707.52
CLTV 69.877
MATURITY 130113
FEE 0.5000
LOAN 0000021983051
LAST_NAME DAVIES
ADDRESS 40 CLAREMONT AVENUE
CITY RYE
STATE NY
ZIP 105800000
MORT $55,200.00
BAL $54,274.41
RATE 10.750
PAI $752.59
CLTV 72.757
MATURITY 80102
FEE 0.5000
LOAN 0000021983168
LAST_NAME PERINE
ADDRESS 194 WILDWOOD ROAD
CITY MIDLAND
STATE PA
ZIP 150590000
MORT $67,500.00
BAL $67,317.84
RATE 9.500
PAI $567.58
CLTV 90.000
MATURITY 121224
FEE 0.5000
LOAN 0000021983192
LAST_NAME GALLOWAY
ADDRESS 718 WILLIAM DRIVE
CITY KNOXVILLE
STATE IL
ZIP 614480000
MORT $60,000.00
BAL $59,973.74
RATE 10.050
PAI $528.76
CLTV 67.415
MATURITY 121229
FEE 0.5000
LOAN 0000021983226
LAST_NAME FALCO
ADDRESS 146-24 BAYSIDE AVENUE
CITY FLUSHING
STATE NY
ZIP 113540000
MORT $80,000.00
BAL $80,000.00
RATE 9.850
PAI $764.08
CLTV 33.089
MATURITY 180106
FEE 0.5000
LOAN 0000021983234
LAST_NAME MITCHELL
ADDRESS 484 WOODLAWN RIDGE ROAD
CITY PEMBROKE
STATE NH
ZIP 032750000
MORT $40,000.00
BAL $39,765.98
RATE 7.900
PAI $379.96
CLTV 30.769
MATURITY 130101
FEE 0.5000
LOAN 0000021983267
LAST_NAME MICHAEL
ADDRESS 621 E THIRD STREET
CITY NESCOPECK
STATE PA
ZIP 186350000
MORT $49,600.00
BAL $49,540.00
RATE 10.650
PAI $500.20
CLTV 80.000
MATURITY 171230
FEE 0.5000
LOAN 0000021983291
LAST_NAME WHITE
ADDRESS 24 HOLYOKE STREET
CITY BOSTON
STATE MA
ZIP 021160000
MORT $179,500.00
BAL $179,448.52
RATE 11.990
PAI $1,844.98
CLTV 72.967
MATURITY 121230
FEE 0.5000
LOAN 0000021983309
LAST_NAME JENKINS
ADDRESS 2621 WAGON WHEEL DRIVE
CITY MOBILE
STATE AL
ZIP 366950000
MORT $99,900.00
BAL $99,836.62
RATE 11.000
PAI $979.13
CLTV 90.000
MATURITY 221229
FEE 0.5000
LOAN 0000021983317
LAST_NAME MAJOR
ADDRESS 100 DUBOIS STREET
CITY INDIAN ORCH
STATE MA
ZIP 011510000
MORT $73,000.00
BAL $72,967.70
RATE 10.000
PAI $640.63
CLTV 87.951
MATURITY 121230
FEE 0.5000
LOAN 0000021983325
LAST_NAME TEAGUE
ADDRESS 1300 BROWNSFERRY STREET
CITY ATHENS
STATE AL
ZIP 356110000
MORT $36,000.00
BAL $35,909.01
RATE 10.350
PAI $355.80
CLTV 80.000
MATURITY 171215
FEE 0.5000
LOAN 0000021983333
LAST_NAME BOWERS
ADDRESS 84 SCRANTON AVENUE
CITY WARWICK
STATE RI
ZIP 028880000
MORT $25,200.00
BAL $25,200.00
RATE 8.450
PAI $311.78
CLTV 37.521
MATURITY 80201
FEE 0.5000
LOAN 0000021983366
LAST_NAME WASHINGTON
ADDRESS 260 WOODFORD AVENUE
CITY ELYRIA
STATE OH
ZIP 440350000
MORT $31,500.00
BAL $31,440.97
RATE 12.600
PAI $360.11
CLTV 90.000
MATURITY 171224
FEE 0.5000
LOAN 0000021983390
LAST_NAME JUNEAU DUFOU
ADDRESS 9654 GOV. BEAUVOIS
CITY BATON ROUGE
STATE LA
ZIP 708100000
MORT $41,250.00
BAL $41,130.78
RATE 8.950
PAI $369.82
CLTV 75.000
MATURITY 171222
FEE 0.5000
LOAN 0000021983424
LAST_NAME LUCIER
ADDRESS 14244 SPRING HILL DRIVE
CITY SPRING HILL
STATE FL
ZIP 346090000
MORT $94,500.00
BAL $94,455.90
RATE 9.750
PAI $811.91
CLTV 90.000
MATURITY 121231
FEE 0.5000
LOAN 0000021983465
LAST_NAME RUPERT
ADDRESS 320 NORTH 3RD ST
CITY APOLLO
STATE PA
ZIP 156130000
MORT $54,400.00
BAL $54,374.07
RATE 9.650
PAI $463.40
CLTV 85.000
MATURITY 130115
FEE 0.5000
LOAN 0000021983473
LAST_NAME HAMILTON
ADDRESS 6720 SW 18TH STREET
CITY MIRAMAR
STATE FL
ZIP 330230000
MORT $15,000.00
BAL $14,943.72
RATE 9.700
PAI $158.45
CLTV 79.713
MATURITY 121219
FEE 0.5000
LOAN 0000021983515
LAST_NAME PFROGNER
ADDRESS RD 5 BOX 379
CITY MT PLEASANT
STATE PA
ZIP 156660000
MORT $72,000.00
BAL $72,000.00
RATE 8.000
PAI $528.32
CLTV 66.976
MATURITY 130211
FEE 0.5000
LOAN 0000021983531
LAST_NAME WHITFIELD
ADDRESS 1219 10TH ST
CITY NORTHPORT
STATE AL
ZIP 354760000
MORT $54,000.00
BAL $53,930.71
RATE 10.200
PAI $528.29
CLTV 77.142
MATURITY 180113
FEE 0.5000
LOAN 0000021983549
LAST_NAME WESTON
ADDRESS 210 11TH AVENUE JUNIATA
CITY ALTOONA
STATE PA
ZIP 166020000
MORT $34,500.00
BAL $34,392.95
RATE 9.550
PAI $322.72
CLTV 75.000
MATURITY 171219
FEE 0.5000
LOAN 0000021983556
LAST_NAME SMITH
ADDRESS 1290 R STATE ROUTE 54
CITY TOWN OF WAY
STATE NY
ZIP 148400000
MORT $63,200.00
BAL $63,200.00
RATE 7.550
PAI $751.85
CLTV 80.000
MATURITY 80219
FEE 0.5000
LOAN 0000021983564
LAST_NAME FLEEMAN
ADDRESS 7729 SOUTH 2ND AVENUE
CITY CLINTON
STATE OH
ZIP 442160000
MORT $58,400.00
BAL $58,373.03
RATE 9.800
PAI $503.90
CLTV 76.842
MATURITY 121222
FEE 0.5000
LOAN 0000021983572
LAST_NAME BATES
ADDRESS 265 COUNTY ROAD 827
CITY CULLMAN
STATE AL
ZIP 350570000
MORT $58,500.00
BAL $58,500.00
RATE 10.990
PAI $556.67
CLTV 84.782
MATURITY 130106
FEE 0.5000
LOAN 0000021983598
LAST_NAME BUCKINGHAM
ADDRESS 322 S FALCON STREET
CITY SOUTH BEND
STATE IN
ZIP 466190000
MORT $27,000.00
BAL $26,968.76
RATE 10.990
PAI $278.51
CLTV 77.609
MATURITY 171224
FEE 0.5000
LOAN 0000021983671
LAST_NAME JUSTINGER
ADDRESS 935 GROVE STREET
CITY ANGOLA
STATE NY
ZIP 140060000
MORT $49,600.00
BAL $49,468.81
RATE 8.990
PAI $502.78
CLTV 55.418
MATURITY 121229
FEE 0.5000
LOAN 0000021983697
LAST_NAME MAUST
ADDRESS 22738 COUNTY ROAD 118
CITY GOSHEN
STATE IN
ZIP 465260000
MORT $50,400.00
BAL $50,127.77
RATE 8.800
PAI $505.22
CLTV 80.000
MATURITY 121210
FEE 0.5000
LOAN 0000021983762
LAST_NAME FLEURY
ADDRESS 132 BELLE POINT PARKWAY
CITY BRUNSWICK
STATE GA
ZIP 315250000
MORT $96,000.00
BAL $95,469.49
RATE 8.750
PAI $959.48
CLTV 78.688
MATURITY 121229
FEE 0.5000
LOAN 0000021983770
LAST_NAME RAY
ADDRESS 314 W MISHAWAKA AVENUE
CITY MISHAWAKA
STATE IN
ZIP 465450000
MORT $34,000.00
BAL $33,786.00
RATE 8.500
PAI $334.82
CLTV 65.134
MATURITY 121230
FEE 0.5000
LOAN 0000021983796
LAST_NAME CARR
ADDRESS 15 BERWICK STREET
CITY BRAINTREE
STATE MA
ZIP 021840000
MORT $192,000.00
BAL $192,000.00
RATE 8.000
PAI $1,605.97
CLTV 80.000
MATURITY 180211
FEE 0.5000
LOAN 0000021983820
LAST_NAME GOFORTH
ADDRESS 1811 MACEDONIA CHURCH ROA
CITY SHELBY
STATE NC
ZIP 281500000
MORT $41,200.00
BAL $41,183.23
RATE 10.390
PAI $373.49
CLTV 80.000
MATURITY 121216
FEE 0.5000
LOAN 0000021983861
LAST_NAME LANEY
ADDRESS 2035 SMOKEY PARK HWY
CITY CANDLER
STATE NC
ZIP 287150000
MORT $54,500.00
BAL $54,189.21
RATE 8.190
PAI $526.83
CLTV 74.657
MATURITY 121229
FEE 0.5000
LOAN 0000021983911
LAST_NAME BLOTNER
ADDRESS 60 HESSELTINE AVE.
CITY MELROSE
STATE MA
ZIP 021760000
MORT $33,400.00
BAL $33,400.00
RATE 8.350
PAI $325.97
CLTV 80.049
MATURITY 130218
FEE 0.5000
LOAN 0000021983960
LAST_NAME MAULTSBY
ADDRESS 301 DOWNING ROAD
CITY SOMERDALE
STATE NJ
ZIP 080830000
MORT $88,600.00
BAL $88,600.00
RATE 8.350
PAI $864.71
CLTV 78.407
MATURITY 130217
FEE 0.5000
LOAN 0000021983994
LAST_NAME HILTON
ADDRESS 210 JEFFERSON STREET NW
CITY WASHINGTON
STATE DC
ZIP 200110000
MORT $113,000.00
BAL $112,691.37
RATE 9.750
PAI $1,071.82
CLTV 79.577
MATURITY 171223
FEE 0.5000
LOAN 0000021984026
LAST_NAME RICHARDSON
ADDRESS 1121 WASHINGTON STREET
CITY LAFAYETTE
STATE IN
ZIP 479050000
MORT $61,200.00
BAL $61,173.78
RATE 10.150
PAI $543.87
CLTV 90.000
MATURITY 130105
FEE 0.5000
LOAN 0000021984067
LAST_NAME LASKA
ADDRESS 108 COLUMBIA AVENUE
CITY VANDERGRIFT
STATE PA
ZIP 156900000
MORT $18,100.00
BAL $18,091.64
RATE 9.800
PAI $156.18
CLTV 46.410
MATURITY 130106
FEE 0.5000
LOAN 0000021984109
LAST_NAME REED
ADDRESS 5658 S MAY
CITY CHICAGO
STATE IL
ZIP 606210000
MORT $50,900.00
BAL $50,876.74
RATE 9.990
PAI $446.31
CLTV 71.690
MATURITY 130105
FEE 0.5000
LOAN 0000021984224
LAST_NAME LAVALLEE
ADDRESS 67 HOMESTEAD AVENUE
CITY PORTLAND
STATE CT
ZIP 064800000
MORT $50,000.00
BAL $50,000.00
RATE 8.350
PAI $1,022.22
CLTV 40.322
MATURITY 30128
FEE 0.5000
LOAN 0000021984331
LAST_NAME GIBSON
ADDRESS 41928 HIGGINS WAY
CITY FREMONT
STATE CA
ZIP 945390000
MORT $34,450.00
BAL $34,450.00
RATE 9.150
PAI $280.92
CLTV 80.000
MATURITY 130203
FEE 0.5000
LOAN 0000021984364
LAST_NAME SMITH
ADDRESS 8719 MERIDIAN LINE RD
CITY WEST LAFAYE
STATE IN
ZIP 479060000
MORT $31,900.00
BAL $31,752.35
RATE 10.500
PAI $352.63
CLTV 79.924
MATURITY 121222
FEE 0.5000
LOAN 0000021984372
LAST_NAME CAMPBELL
ADDRESS 144 N KABELIN ST
CITY LA PORTE
STATE IN
ZIP 463500000
MORT $42,400.00
BAL $42,164.77
RATE 8.500
PAI $417.53
CLTV 80.000
MATURITY 121222
FEE 0.5000
LOAN 0000021984380
LAST_NAME LEMONS
ADDRESS 1951 HARTFORD AVE
CITY INDIANAPOLI
STATE IN
ZIP 462310000
MORT $60,000.00
BAL $59,904.64
RATE 7.950
PAI $438.17
CLTV 69.767
MATURITY 121223
FEE 0.5000
LOAN 0000021984398
LAST_NAME SNYDER
ADDRESS 108 CENTRE STREET
CITY DAYTON
STATE OH
ZIP 454030000
MORT $21,000.00
BAL $20,987.92
RATE 8.750
PAI $165.21
CLTV 60.000
MATURITY 121224
FEE 0.5000
LOAN 0000021984406
LAST_NAME KEISLER
ADDRESS 235 FLEMING ROAD
CITY PACOLET
STATE SC
ZIP 293720000
MORT $69,660.00
BAL $69,609.97
RATE 10.990
PAI $662.87
CLTV 90.000
MATURITY 121224
FEE 0.5000
LOAN 0000021984422
LAST_NAME MCINNIS
ADDRESS 1810 HOLLIS AVENUE
CITY NORTH AUGUS
STATE SC
ZIP 298410000
MORT $72,000.00
BAL $72,000.00
RATE 7.950
PAI $600.00
CLTV 80.000
MATURITY 180219
FEE 0.5000
LOAN 0000021984513
LAST_NAME GATES
ADDRESS 943 TOWNSEND STREET
CITY SYCAMORE
STATE IL
ZIP 601780000
MORT $18,000.00
BAL $18,000.00
RATE 10.750
PAI $168.03
CLTV 18.947
MATURITY 130218
FEE 0.5000
LOAN 0000021984539
LAST_NAME HEBERER
ADDRESS 138 CEDAR STREET
CITY FREEPORT
STATE NY
ZIP 115200000
MORT $120,000.00
BAL $119,818.03
RATE 8.900
PAI $1,071.97
CLTV 80.000
MATURITY 180114
FEE 0.5000
LOAN 0000021984596
LAST_NAME ELZEY
ADDRESS 285 JEFFERSON AVENUE
CITY BROOKLYN
STATE NY
ZIP 112110000
MORT $126,000.00
BAL $125,828.61
RATE 9.750
PAI $1,195.14
CLTV 66.315
MATURITY 171224
FEE 0.5000
LOAN 0000021984646
LAST_NAME FYFFE
ADDRESS 369 TOWN LINE ROAD
CITY SAG HARBOR
STATE NY
ZIP 119630000
MORT $380,000.00
BAL $379,727.76
RATE 11.000
PAI $3,618.83
CLTV 78.350
MATURITY 121222
FEE 0.5000
LOAN 0000021984679
LAST_NAME WEISLING
ADDRESS 1130 SAN MARCO DRIVE
CITY LARGO
STATE FL
ZIP 337700000
MORT $10,000.00
BAL $10,000.00
RATE 8.150
PAI $96.44
CLTV 15.625
MATURITY 130211
FEE 0.5000
LOAN 0000021984711
LAST_NAME RAFFA
ADDRESS 105 SAGAMORE DRIVE
CITY SYOSSET
STATE NY
ZIP 117910000
MORT $380,000.00
BAL $379,604.48
RATE 9.250
PAI $3,126.17
CLTV 58.461
MATURITY 121210
FEE 0.5000
LOAN 0000021984760
LAST_NAME STRANDVOLD
ADDRESS 1249 CONNETQUOT AVENUE
CITY CENTRAL ISL
STATE NY
ZIP 117220000
MORT $50,000.00
BAL $49,451.95
RATE 9.990
PAI $482.18
CLTV 73.110
MATURITY 180105
FEE 0.5000
LOAN 0000021984802
LAST_NAME RAMOS
ADDRESS 811 SW 72ND AVENUE
CITY PENBROOK PI
STATE FL
ZIP 330230000
MORT $35,000.00
BAL $34,980.84
RATE 8.990
PAI $281.37
CLTV 30.701
MATURITY 280101
FEE 0.5000
LOAN 0000021984851
LAST_NAME SCHILDKRAUT
ADDRESS 403 STERLING PLACE
CITY BROOKLYN
STATE NY
ZIP 112380000
MORT $420,000.00
BAL $419,070.05
RATE 8.990
PAI $3,376.39
CLTV 80.000
MATURITY 271001
FEE 0.5000
LOAN 0000021984877
LAST_NAME HARVEY
ADDRESS 2114 RACINE STREET
CITY RACINE
STATE WI
ZIP 534030000
MORT $30,400.00
BAL $30,372.93
RATE 9.990
PAI $266.56
CLTV 80.000
MATURITY 130101
FEE 0.5000
LOAN 0000021984927
LAST_NAME WILSON
ADDRESS 3493 TROOPER COURT
CITY CALLAHAN
STATE FL
ZIP 320110000
MORT $25,000.00
BAL $25,000.00
RATE 8.650
PAI $311.98
CLTV 38.461
MATURITY 80223
FEE 0.5000
LOAN 0000021984984
LAST_NAME CARPENTER
ADDRESS 3287 LABORATORY ROAD
CITY LINCOLNTON
STATE NC
ZIP 280920000
MORT $33,150.00
BAL $33,131.86
RATE 8.990
PAI $266.49
CLTV 85.000
MATURITY 280201
FEE 0.5000
LOAN 0000021985007
LAST_NAME BIRD
ADDRESS 605 ARAPAHOE AVENUE
CITY SIMLA
STATE CO
ZIP 808350000
MORT $55,200.00
BAL $54,965.54
RATE 9.500
PAI $514.54
CLTV 80.000
MATURITY 180101
FEE 0.5000
LOAN 0000021985064
LAST_NAME MCKIBBEN
ADDRESS 1707 N OHIO STREET
CITY KOKOMO
STATE IN
ZIP 469010000
MORT $39,200.00
BAL $38,907.29
RATE 9.750
PAI $415.28
CLTV 80.000
MATURITY 121118
FEE 0.5000
LOAN 0000021985163
LAST_NAME GRANGER
ADDRESS 2673 QUANZ ROAD
CITY WAYLAND
STATE NY
ZIP 145720000
MORT $36,500.00
BAL $36,131.87
RATE 9.500
PAI $472.30
CLTV 74.489
MATURITY 80106
FEE 0.5000
LOAN 0000021985213
LAST_NAME MESTER
ADDRESS 34 PARDEE PLACE
CITY TRENTON
STATE NJ
ZIP 086280000
MORT $25,000.00
BAL $24,763.83
RATE 10.650
PAI $339.44
CLTV 77.943
MATURITY 71223
FEE 0.5000
LOAN 0000021985254
LAST_NAME HOLLISTER
ADDRESS 1757 NE NEW HAMPSHIRE AVE
CITY ST. PETERSB
STATE FL
ZIP 337030000
MORT $28,400.00
BAL $28,400.00
RATE 9.350
PAI $261.95
CLTV 68.987
MATURITY 180226
FEE 0.5000
LOAN 0000021985312
LAST_NAME ROBERTS
ADDRESS 25 ALLEN STREET
CITY LOCKPORT
STATE NY
ZIP 140940000
MORT $23,000.00
BAL $22,930.78
RATE 8.990
PAI $206.79
CLTV 41.818
MATURITY 171227
FEE 0.5000
LOAN 0000021985320
LAST_NAME ALMESTICA
ADDRESS 3052 N. KILPATRICK
CITY CHICAGO
STATE IL
ZIP 606410000
MORT $230,000.00
BAL $229,913.41
RATE 10.750
PAI $2,147.01
CLTV 86.142
MATURITY 280101
FEE 0.5000
LOAN 0000021985338
LAST_NAME BETANCOURT
ADDRESS 1002 LANCASTER AVENUE
CITY FORT LUPTON
STATE CO
ZIP 806210000
MORT $56,650.00
BAL $56,500.15
RATE 8.990
PAI $574.25
CLTV 61.576
MATURITY 121231
FEE 0.5000
LOAN 0000021985346
LAST_NAME SPRINGER
ADDRESS 34 HOUSTON AVENUE
CITY MIDDLETOWN
STATE NY
ZIP 109400000
MORT $47,000.00
BAL $46,875.46
RATE 8.999
PAI $377.83
CLTV 78.333
MATURITY 121230
FEE 0.5000
LOAN 0000021985353
LAST_NAME REIMER
ADDRESS 8 FAIRFIELD ROAD
CITY EAST BRUNSW
STATE NJ
ZIP 088160000
MORT $20,400.00
BAL $20,358.19
RATE 11.750
PAI $241.56
CLTV 84.814
MATURITY 130108
FEE 0.5000
LOAN 0000021985361
LAST_NAME MURA
ADDRESS 248 ALDEN STREET
CITY WALLINGTON
STATE NJ
ZIP 070570000
MORT $29,000.00
BAL $28,981.39
RATE 11.500
PAI $287.18
CLTV 29.003
MATURITY 121222
FEE 0.5000
LOAN 0000021985395
LAST_NAME MCKENZIE
ADDRESS 9304 W. 14TH AVENUE
CITY LAKEWOOD
STATE CO
ZIP 802150000
MORT $61,000.00
BAL $60,461.56
RATE 8.500
PAI $600.70
CLTV 53.982
MATURITY 121219
FEE 0.5000
LOAN 0000021985403
LAST_NAME MONIZ
ADDRESS 135 WORCESTER STREET
CITY TAUNTON
STATE MA
ZIP 027800000
MORT $47,500.00
BAL $47,397.95
RATE 11.250
PAI $547.36
CLTV 69.691
MATURITY 130108
FEE 0.5000
LOAN 0000021985411
LAST_NAME JEFCOAT
ADDRESS 102 RUSSELL STREET
CITY FLORENCE
STATE MS
ZIP 390730000
MORT $38,500.00
BAL $38,414.12
RATE 11.300
PAI $405.28
CLTV 70.000
MATURITY 171201
FEE 0.5000
LOAN 0000021985429
LAST_NAME SGRO
ADDRESS 1504 PUMP ROAD
CITY RICHMOND
STATE VA
ZIP 232330000
MORT $41,600.00
BAL $41,508.42
RATE 10.990
PAI $472.57
CLTV 84.800
MATURITY 130109
FEE 0.5000
LOAN 0000021985437
LAST_NAME VEGA
ADDRESS 2211 W. ERIE
CITY CHICAGO
STATE IL
ZIP 606220000
MORT $103,500.00
BAL $103,226.23
RATE 8.990
PAI $1,049.16
CLTV 61.607
MATURITY 130101
FEE 0.5000
LOAN 0000021985445
LAST_NAME DELINE
ADDRESS 517 WAITE AVENUE
CITY WATERTOWN
STATE NY
ZIP 136010000
MORT $30,000.00
BAL $29,989.28
RATE 10.990
PAI $285.47
CLTV 80.000
MATURITY 130112
FEE 0.5000
LOAN 0000021985452
LAST_NAME HARTIG
ADDRESS 408 ANDREWS ROAD
CITY MINEOLA
STATE NY
ZIP 115080000
MORT $31,100.00
BAL $31,006.37
RATE 8.990
PAI $279.61
CLTV 17.771
MATURITY 180106
FEE 0.5000
LOAN 0000021985460
LAST_NAME VANCE
ADDRESS 61 JEWEL ROAD
CITY GANESVOORT
STATE NY
ZIP 128310000
MORT $32,450.00
BAL $32,437.79
RATE 10.750
PAI $302.91
CLTV 77.864
MATURITY 271224
FEE 0.5000
LOAN 0000021985486
LAST_NAME ZAGANCZYK
ADDRESS 2208 HALFMOON CRESCENT
CITY VIRGINIA BE
STATE VA
ZIP 234540000
MORT $148,750.00
BAL $148,586.55
RATE 8.990
PAI $1,195.81
CLTV 84.517
MATURITY 271201
FEE 0.5000
LOAN 0000021985494
LAST_NAME TERRY
ADDRESS 3809 CORONA LANE
CITY WOODBRIDGE
STATE VA
ZIP 221930000
MORT $72,150.00
BAL $72,041.83
RATE 8.990
PAI $648.69
CLTV 63.849
MATURITY 171223
FEE 0.5000
LOAN 0000021985502
LAST_NAME MARTIN
ADDRESS 10511 MEADOWLAKE TERRACE
CITY MITCHELLVIL
STATE MD
ZIP 207210000
MORT $216,000.00
BAL $215,770.43
RATE 9.150
PAI $1,761.35
CLTV 84.705
MATURITY 271217
FEE 0.5000
LOAN 0000021985536
LAST_NAME CARMICHAEL
ADDRESS 47 OAKWOOD ROAD
CITY PITTSBURGH
STATE PA
ZIP 152080000
MORT $68,000.00
BAL $67,961.67
RATE 8.850
PAI $539.83
CLTV 85.000
MATURITY 121229
FEE 0.5000
LOAN 0000021985544
LAST_NAME WITHERS
ADDRESS 101 SOUTH CT
CITY MICHIGAN CI
STATE IN
ZIP 463600000
MORT $23,400.00
BAL $23,145.45
RATE 8.500
PAI $230.43
CLTV 27.529
MATURITY 121126
FEE 0.5000
LOAN 0000021985551
LAST_NAME BANKS
ADDRESS 5855 N SHERIDAN ROAD 9-K
CITY CHICAGO
STATE IL
ZIP 606600000
MORT $140,250.00
BAL $140,194.26
RATE 10.500
PAI $1,282.93
CLTV 82.500
MATURITY 121223
FEE 0.5000
LOAN 0000021985577
LAST_NAME SAYLER
ADDRESS 1627 S SEDALIA STREET
CITY AURORA
STATE CO
ZIP 800170000
MORT $97,500.00
BAL $97,449.45
RATE 9.250
PAI $802.11
CLTV 79.268
MATURITY 280101
FEE 0.5000
LOAN 0000021985593
LAST_NAME BRYANT
ADDRESS 1212 N GROFF STREET
CITY INDIANAPOLI
STATE IN
ZIP 462220000
MORT $33,000.00
BAL $32,917.60
RATE 9.625
PAI $347.09
CLTV 81.481
MATURITY 130201
FEE 0.5000
LOAN 0000021985635
LAST_NAME MAKER
ADDRESS 44-46 BATTLES STREET
CITY BROCKTON
STATE MA
ZIP 024010000
MORT $95,000.00
BAL $95,000.00
RATE 8.550
PAI $733.83
CLTV 65.517
MATURITY 280219
FEE 0.5000
LOAN 0000021985676
LAST_NAME ELLIS
ADDRESS 4912 FRANKFORD AVENUE
CITY BALTIMORE
STATE MD
ZIP 212060000
MORT $72,000.00
BAL $72,000.00
RATE 8.000
PAI $602.24
CLTV 80.000
MATURITY 180227
FEE 0.5000
LOAN 0000021985734
LAST_NAME KENNEL
ADDRESS 2146 MARION AVENUE
CITY MANSFIELD
STATE OH
ZIP 449030000
MORT $120,000.00
BAL $119,878.33
RATE 9.375
PAI $998.10
CLTV 80.000
MATURITY 280101
FEE 0.5000
LOAN 0000021985791
LAST_NAME ZOMBO
ADDRESS 31129 SHAWN
CITY WARREN
STATE MI
ZIP 480930000
MORT $109,350.00
BAL $109,350.00
RATE 10.750
PAI $1,110.15
CLTV 84.115
MATURITY 180201
FEE 0.5000
LOAN 0000021985809
LAST_NAME WOLFE
ADDRESS 35 GREEN HOUSE BOULEVARD
CITY WEST HARTFO
STATE CT
ZIP 061100000
MORT $43,000.00
BAL $42,870.58
RATE 8.990
PAI $386.61
CLTV 43.877
MATURITY 180105
FEE 0.5000
LOAN 0000021985916
LAST_NAME JAMES
ADDRESS 582 GOOD HOPE FARM ROAD
CITY AIKEN
STATE SC
ZIP 298030000
MORT $117,000.00
BAL $116,948.14
RATE 9.990
PAI $1,025.89
CLTV 90.000
MATURITY 280101
FEE 0.5000
LOAN 0000021985924
LAST_NAME WILLIAMS
ADDRESS 2316 E JEFFERSON STREET
CITY BALTIMORE
STATE MD
ZIP 212050000
MORT $41,650.00
BAL $41,625.98
RATE 11.990
PAI $428.10
CLTV 85.000
MATURITY 271215
FEE 0.5000
LOAN 0000021985981
LAST_NAME COWANS
ADDRESS 520 HONEYWOOD AVENUE
CITY CHARLOTTE
STATE NC
ZIP 282160000
MORT $26,500.00
BAL $25,983.52
RATE 9.250
PAI $272.74
CLTV 36.805
MATURITY 130101
FEE 0.5000
LOAN 0000021986070
LAST_NAME CROSS
ADDRESS 135 HEIDI LANE
CITY SWEDESBORO
STATE NJ
ZIP 080850000
MORT $106,250.00
BAL $106,250.00
RATE 8.750
PAI $938.94
CLTV 85.000
MATURITY 180211
FEE 0.5000
LOAN 0000021986088
LAST_NAME SAVAGE
ADDRESS 3206 SANDHILL DRIVE
CITY FORT WAYNE
STATE IN
ZIP 468090000
MORT $14,500.00
BAL $14,482.80
RATE 10.990
PAI $149.57
CLTV 78.706
MATURITY 171230
FEE 0.5000
LOAN 0000021986104
LAST_NAME BOUNDS
ADDRESS 3000 BUTLER AVENUE
CITY STEGER
STATE IL
ZIP 604750000
MORT $27,000.00
BAL $27,000.00
RATE 7.950
PAI $257.25
CLTV 38.571
MATURITY 130216
FEE 0.5000
LOAN 0000021986146
LAST_NAME MURPHY
ADDRESS 76 HERITAGE DRIVE
CITY TEWKSBURY
STATE MA
ZIP 018760000
MORT $35,500.00
BAL $35,500.00
RATE 8.350
PAI $269.20
CLTV 27.203
MATURITY 280206
FEE 0.5000
LOAN 0000021986252
LAST_NAME PISERCHIA
ADDRESS 221 E MCCLELLAN AVENUE
CITY LIVINGSTON
STATE NJ
ZIP 070390000
MORT $41,600.00
BAL $41,416.02
RATE 10.990
PAI $472.56
CLTV 84.188
MATURITY 121230
FEE 0.5000
LOAN 0000021986328
LAST_NAME WILSON
ADDRESS 5204 GREENWAY DRIVE NORTH
CITY JACKSONVILL
STATE FL
ZIP 322440000
MORT $30,050.00
BAL $29,251.80
RATE 8.990
PAI $380.50
CLTV 48.467
MATURITY 71217
FEE 0.5000
LOAN 0000021986443
LAST_NAME LE BEL
ADDRESS 180 DES PLAINES LANE
CITY HOFFMAN EST
STATE IL
ZIP 601940000
MORT $69,000.00
BAL $69,000.00
RATE 8.850
PAI $693.71
CLTV 47.260
MATURITY 130223
FEE 0.5000
LOAN 0000021986450
LAST_NAME SMITH
ADDRESS 9473 EAST MAIN ROAD
CITY RIPLEY
STATE MA
ZIP 147750000
MORT $10,000.00
BAL $9,939.58
RATE 10.750
PAI $112.10
CLTV 79.405
MATURITY 130128
FEE 0.5000
LOAN 0000021986476
LAST_NAME PISCOPO
ADDRESS 49 DAVIDSON AVENUE
CITY OCEANSIDE
STATE NY
ZIP 115720000
MORT $124,000.00
BAL $123,906.21
RATE 10.750
PAI $1,157.52
CLTV 80.000
MATURITY 130102
FEE 0.5000
LOAN 0000021986534
LAST_NAME PERRY
ADDRESS 19429 NORWOOD STREET
CITY DETROIT
STATE MI
ZIP 482340000
MORT $16,900.00
BAL $16,822.08
RATE 10.990
PAI $232.70
CLTV 52.502
MATURITY 80114
FEE 0.5000
LOAN 0000021986567
LAST_NAME SCHILLINGER
ADDRESS 5553 FEDERAL ROAD
CITY CONESUS
STATE NY
ZIP 144350000
MORT $79,900.00
BAL $79,807.56
RATE 10.990
PAI $824.17
CLTV 85.000
MATURITY 180108
FEE 0.5000
LOAN 0000021986583
LAST_NAME TURNER
ADDRESS 4712 CARTERWOOD DRIVE
CITY FAIRFAX
STATE VA
ZIP 220320000
MORT $20,500.00
BAL $20,318.27
RATE 9.850
PAI $269.21
CLTV 35.634
MATURITY 71230
FEE 0.5000
LOAN 0000021986617
LAST_NAME CALABRO
ADDRESS 25 EAST MOUNTAIN ROAD
CITY DOVER PLAIN
STATE NY
ZIP 125220000
MORT $20,500.00
BAL $20,494.12
RATE 11.990
PAI $210.71
CLTV 73.977
MATURITY 130113
FEE 0.5000
LOAN 0000021986666
LAST_NAME MCGEE
ADDRESS 964 FARNHAM STREET
CITY ELMIRA
STATE NY
ZIP 149010000
MORT $31,000.00
BAL $30,857.06
RATE 10.990
PAI $426.85
CLTV 73.090
MATURITY 80128
FEE 0.5000
LOAN 0000021986674
LAST_NAME STEWART
ADDRESS 320 CARPENTER AVENUE
CITY NEWBURGH
STATE NY
ZIP 125500000
MORT $72,200.00
BAL $72,048.30
RATE 11.750
PAI $782.44
CLTV 84.941
MATURITY 171230
FEE 0.5000
LOAN 0000021986724
LAST_NAME FLOER
ADDRESS 8119 A ELIZABETH ROAD
CITY PASADENA
STATE MD
ZIP 211220000
MORT $108,800.00
BAL $108,525.21
RATE 9.500
PAI $1,136.12
CLTV 85.000
MATURITY 130128
FEE 0.5000
LOAN 0000021986732
LAST_NAME CHILDERS
ADDRESS 19861 SW RAINBOW LAKES BL
CITY DUNNELLON
STATE FL
ZIP 344310000
MORT $29,300.00
BAL $29,300.00
RATE 9.050
PAI $236.81
CLTV 56.346
MATURITY 280227
FEE 0.5000
LOAN 0000021986781
LAST_NAME OTT
ADDRESS 156 GIBBS ROAD
CITY CENTRAL ISL
STATE NY
ZIP 117220000
MORT $80,700.00
BAL $80,486.29
RATE 9.990
PAI $778.24
CLTV 78.731
MATURITY 171230
FEE 0.5000
LOAN 0000021986807
LAST_NAME SMITH
ADDRESS 8712 CATAMARAN DRIVE
CITY RALEIGH
STATE NC
ZIP 276150000
MORT $21,800.00
BAL $21,750.92
RATE 10.750
PAI $244.37
CLTV 78.644
MATURITY 130105
FEE 0.5000
LOAN 0000021986823
LAST_NAME JOHNSON
ADDRESS 733 E. MAIN STREET
CITY AMBOY
STATE IL
ZIP 613100000
MORT $52,700.00
BAL $52,678.83
RATE 10.450
PAI $480.10
CLTV 85.000
MATURITY 280105
FEE 0.5000
LOAN 0000021986831
LAST_NAME MACRO
ADDRESS 79 SPRUCEWOOD DRIVE
CITY BUFFALO
STATE NY
ZIP 142270000
MORT $68,000.00
BAL $67,904.48
RATE 9.500
PAI $633.85
CLTV 80.000
MATURITY 180112
FEE 0.5000
LOAN 0000021986856
LAST_NAME MCNAIR
ADDRESS 3688 KIRKWOOD STREET-
CITY BEAR
STATE DE
ZIP 197010000
MORT $120,000.00
BAL $119,923.48
RATE 8.250
PAI $901.52
CLTV 63.157
MATURITY 280116
FEE 0.5000
LOAN 0000021986872
LAST_NAME HART
ADDRESS 108 CRYSTAL PARK ROAD
CITY MANITOU SPR
STATE CO
ZIP 808290000
MORT $102,300.00
BAL $102,139.89
RATE 8.650
PAI $897.52
CLTV 59.476
MATURITY 180106
FEE 0.5000
LOAN 0000021986898
LAST_NAME PAULINE
ADDRESS 1155 MASTER STREET
CITY NORTH TONAW
STATE NY
ZIP 141200000
MORT $21,050.00
BAL $21,001.08
RATE 10.990
PAI $217.13
CLTV 79.977
MATURITY 171226
FEE 0.5000
LOAN 0000021986914
LAST_NAME STAFFORD
ADDRESS 510 PEACHTREE LANE
CITY ALTAMONTE S
STATE FL
ZIP 327010000
MORT $32,400.00
BAL $32,335.08
RATE 11.990
PAI $388.65
CLTV 69.500
MATURITY 130107
FEE 0.5000
LOAN 0000021986948
LAST_NAME HOLMES
ADDRESS 305 DELAWARE STREET
CITY SYRACUSE
STATE NY
ZIP 132040000
MORT $28,500.00
BAL $28,469.19
RATE 11.500
PAI $303.93
CLTV 61.956
MATURITY 171226
FEE 0.5000
LOAN 0000021986963
LAST_NAME HOLLAND
ADDRESS 4023 WEBSTER STREET
CITY NORTH BRENT
STATE MD
ZIP 207220000
MORT $74,000.00
BAL $74,000.00
RATE 9.250
PAI $608.78
CLTV 76.288
MATURITY 130210
FEE 0.5000
LOAN 0000021987078
LAST_NAME POPE
ADDRESS 629 TRUITT ROAD
CITY SYLACAUGA
STATE AL
ZIP 351500000
MORT $45,750.00
BAL $45,662.68
RATE 12.500
PAI $563.88
CLTV 75.000
MATURITY 130122
FEE 0.5000
LOAN 0000021987102
LAST_NAME BEAL
ADDRESS 12312 HATTON POINT ROAD
CITY FORT WASHIN
STATE MD
ZIP 207440000
MORT $216,000.00
BAL $215,893.75
RATE 9.500
PAI $1,816.25
CLTV 80.000
MATURITY 130122
FEE 0.5000
LOAN 0000021987128
LAST_NAME ZABLONSKI
ADDRESS 95 ST JUDE DRIVE
CITY LACKAWANNA
STATE NY
ZIP 142180000
MORT $16,000.00
BAL $15,910.37
RATE 8.250
PAI $136.33
CLTV 20.512
MATURITY 171208
FEE 0.5000
LOAN 0000021987169
LAST_NAME SANDERS
ADDRESS 108 WICKER LANE
CITY ANDERSON
STATE SC
ZIP 296210000
MORT $88,000.00
BAL $87,971.25
RATE 11.400
PAI $864.75
CLTV 80.000
MATURITY 130120
FEE 0.5000
LOAN 0000021987177
LAST_NAME MARCUM
ADDRESS 833 HAGLER DRIVE
CITY NEPTUNE BEA
STATE FL
ZIP 322660000
MORT $106,400.00
BAL $106,400.00
RATE 8.850
PAI $844.67
CLTV 80.000
MATURITY 280219
FEE 0.5000
LOAN 0000021987193
LAST_NAME BEDFORD
ADDRESS 1137 HUEYTOWN ROAD
CITY HUEYTOWN
STATE AL
ZIP 350230000
MORT $41,529.00
BAL $41,529.00
RATE 12.450
PAI $510.50
CLTV 80.000
MATURITY 130126
FEE 0.5000
LOAN 0000021987219
LAST_NAME KELLEY
ADDRESS 5591 W. HOUSTON STREET
CITY DUNNELLON
STATE FL
ZIP 344330000
MORT $31,200.00
BAL $31,200.00
RATE 8.750
PAI $311.83
CLTV 52.000
MATURITY 130223
FEE 0.5000
LOAN 0000021987227
LAST_NAME RAETHKA
ADDRESS 549 FAYETTE BOULEVARD
CITY SYRACUSE
STATE NY
ZIP 132240000
MORT $49,700.00
BAL $49,700.00
RATE 8.750
PAI $496.73
CLTV 66.266
MATURITY 130102
FEE 0.5000
LOAN 0000021987250
LAST_NAME BIVENS
ADDRESS 4217 12TH AVENUE
CITY CHATTANOOGA
STATE TN
ZIP 374070000
MORT $31,875.00
BAL $31,875.00
RATE 9.990
PAI $279.50
CLTV 85.000
MATURITY 130109
FEE 0.5000
LOAN 0000021987268
LAST_NAME MCCULLOUGH
ADDRESS 8815 RUGLEY COURT
CITY JONESBORO
STATE GA
ZIP 302360000
MORT $22,550.00
BAL $22,459.19
RATE 11.990
PAI $270.49
CLTV 84.438
MATURITY 121223
FEE 0.5000
LOAN 0000021987292
LAST_NAME MUNN
ADDRESS 2112 BLUE RIDGE BLVD
CITY BIRMINGHAM
STATE AL
ZIP 352260000
MORT $30,000.00
BAL $29,616.14
RATE 12.500
PAI $439.13
CLTV 84.055
MATURITY 71201
FEE 0.5000
LOAN 0000021987318
LAST_NAME WITHERS
ADDRESS 2118 JAMESON STREET
CITY TEMPLE HILL
STATE MD
ZIP 207480000
MORT $88,000.00
BAL $87,941.84
RATE 8.800
PAI $695.44
CLTV 61.538
MATURITY 130121
FEE 0.5000
LOAN 0000021987326
LAST_NAME HABIB
ADDRESS 30 THORNFIELD AVENUE
CITY METHUEN
STATE MA
ZIP 018440000
MORT $60,800.00
BAL $60,719.83
RATE 9.990
PAI $586.33
CLTV 63.333
MATURITY 171223
FEE 0.5000
LOAN 0000021987334
LAST_NAME DIANO
ADDRESS 119 HICKORY LANE
CITY LEVITTOWN
STATE NY
ZIP 117560000
MORT $101,600.00
BAL $101,511.08
RATE 9.750
PAI $914.42
CLTV 80.000
MATURITY 220109
FEE 0.5000
LOAN 0000021987425
LAST_NAME PERRIN
ADDRESS 122 BARBER ST.
CITY SPRINGFIELD
STATE MA
ZIP 011090000
MORT $42,400.00
BAL $42,287.85
RATE 8.990
PAI $429.80
CLTV 70.666
MATURITY 130106
FEE 0.5000
LOAN 0000021987581
LAST_NAME ROGERS
ADDRESS 666 NORTH 81ST STREET
CITY E ST LOUIS
STATE IL
ZIP 622030000
MORT $10,700.00
BAL $10,650.66
RATE 10.990
PAI $147.33
CLTV 77.985
MATURITY 71230
FEE 0.5000
LOAN 0000021987599
LAST_NAME ROSS
ADDRESS 4227 W ADAMS
CITY CHICAGO
STATE IL
ZIP 606240000
MORT $70,000.00
BAL $70,000.00
RATE 9.500
PAI $652.49
CLTV 78.651
MATURITY 180201
FEE 0.5000
LOAN 0000021987656
LAST_NAME SALTER
ADDRESS 138 PROSPECT AVENUE
CITY BUFFALO
STATE NY
ZIP 142010000
MORT $26,400.00
BAL $26,365.19
RATE 9.990
PAI $254.59
CLTV 80.000
MATURITY 171230
FEE 0.5000
LOAN 0000021987672
LAST_NAME MURDIE
ADDRESS 684 LORETTA STREET
CITY TONAWANDA
STATE NY
ZIP 141500000
MORT $23,200.00
BAL $23,148.93
RATE 10.990
PAI $263.54
CLTV 77.082
MATURITY 121229
FEE 0.5000
LOAN 0000021987706
LAST_NAME MCCOY
ADDRESS 64 OSSIAN STREET
CITY DANSVILLE
STATE NY
ZIP 144370000
MORT $35,500.00
BAL $35,313.94
RATE 8.750
PAI $444.91
CLTV 64.545
MATURITY 71229
FEE 0.5000
LOAN 0000021987714
LAST_NAME FOWLER
ADDRESS 29-27 CRUGER AVENUE
CITY BRONX
STATE NY
ZIP 104670000
MORT $100,000.00
BAL $99,553.65
RATE 8.990
PAI $1,195.52
CLTV 50.000
MATURITY 81231
FEE 0.5000
LOAN 0000021987722
LAST_NAME KUHNLE
ADDRESS 1732 E LASALLE AVENUE
CITY MISHAWAKA
STATE IN
ZIP 465450000
MORT $11,600.00
BAL $11,544.98
RATE 10.500
PAI $156.52
CLTV 84.932
MATURITY 71217
FEE 0.5000
LOAN 0000021987755
LAST_NAME GARRISON
ADDRESS 1217 HOLMES AVENUE
CITY CHARLOTTESV
STATE VA
ZIP 229010000
MORT $26,100.00
BAL $25,854.82
RATE 10.750
PAI $355.85
CLTV 81.799
MATURITY 80106
FEE 0.5000
LOAN 0000021987839
LAST_NAME HARRIS
ADDRESS 449 ILCHESTER AVENUE
CITY BALTIMORE
STATE MD
ZIP 212180000
MORT $51,200.00
BAL $51,167.12
RATE 11.500
PAI $507.03
CLTV 80.000
MATURITY 271210
FEE 0.5000
LOAN 0000021987862
LAST_NAME SULSONA
ADDRESS 4141 DEPEW STREET
CITY DENVER
STATE CO
ZIP 802120000
MORT $26,600.00
BAL $26,517.48
RATE 8.750
PAI $235.07
CLTV 26.600
MATURITY 171217
FEE 0.5000
LOAN 0000021987896
LAST_NAME OFGANG
ADDRESS 125 PLYMOUTH BOULEVARD
CITY SMITHTOWN
STATE NY
ZIP 117870000
MORT $111,000.00
BAL $110,731.94
RATE 9.990
PAI $1,192.14
CLTV 62.011
MATURITY 121230
FEE 0.5000
LOAN 0000021987904
LAST_NAME NGUYEN
ADDRESS 5353 MOCK ROBIN LANE
CITY CHARLOTTE
STATE NC
ZIP 282120000
MORT $50,700.00
BAL $50,450.35
RATE 9.850
PAI $665.81
CLTV 71.633
MATURITY 80109
FEE 0.5000
LOAN 0000021987912
LAST_NAME SWIHART
ADDRESS 31 JEFFERY DRIVE
CITY COLUMBIA CI
STATE IN
ZIP 467250000
MORT $18,100.00
BAL $18,060.16
RATE 10.990
PAI $205.61
CLTV 80.257
MATURITY 121229
FEE 0.5000
LOAN 0000021987946
LAST_NAME QUELL
ADDRESS 30 MAPLEWOOD AVENUE
CITY WESTPORT
STATE CT
ZIP 068800000
MORT $60,000.00
BAL $59,920.88
RATE 9.990
PAI $578.62
CLTV 75.371
MATURITY 180108
FEE 0.5000
LOAN 0000021987979
LAST_NAME PARKER
ADDRESS 2584 ANDOVER STREET
CITY TRENTON
STATE MI
ZIP 481830000
MORT $20,000.00
BAL $19,905.95
RATE 10.650
PAI $271.55
CLTV 84.966
MATURITY 71230
FEE 0.5000
LOAN 0000021987995
LAST_NAME MANDAGLIO
ADDRESS 91 BELMONT AVENUE
CITY ELMONT
STATE NY
ZIP 110030000
MORT $37,600.00
BAL $37,336.83
RATE 10.750
PAI $381.73
CLTV 83.520
MATURITY 180102
FEE 0.5000
LOAN 0000021988068
LAST_NAME SCOTT
ADDRESS 2813 MIDLAND AVENUE
CITY SYRACUSE
STATE NY
ZIP 132050000
MORT $27,250.00
BAL $27,115.82
RATE 9.850
PAI $357.86
CLTV 78.416
MATURITY 80115
FEE 0.5000
LOAN 0000021988076
LAST_NAME BOND
ADDRESS 71 NORTH 300 WEST
CITY MAPLETON
STATE UT
ZIP 846640000
MORT $30,700.00
BAL $30,505.58
RATE 9.990
PAI $405.54
CLTV 84.457
MATURITY 80109
FEE 0.5000
LOAN 0000021988084
LAST_NAME DE FILLIPPI
ADDRESS 105 CROWN STREET
CITY BRISTOL
STATE CT
ZIP 060100000
MORT $45,000.00
BAL $45,000.00
RATE 8.850
PAI $452.41
CLTV 51.724
MATURITY 130204
FEE 0.5000
LOAN 0000021988100
LAST_NAME POINDEXTER
ADDRESS 131 EAST PRESTON STREET
CITY LEXINGTON
STATE VA
ZIP 244500000
MORT $83,300.00
BAL $82,905.43
RATE 10.250
PAI $907.93
CLTV 85.000
MATURITY 121224
FEE 0.5000
LOAN 0000021988167
LAST_NAME SCHONADKY
ADDRESS 3410 CALIFORNIA AVENUE
CITY ALTON
STATE IL
ZIP 620020000
MORT $37,500.00
BAL $37,441.31
RATE 8.650
PAI $329.00
CLTV 75.000
MATURITY 180112
FEE 0.5000
LOAN 0000021988175
LAST_NAME GABLOSKY
ADDRESS 138 N. RAINBOW DRIVE
CITY FORT WALTON
STATE FL
ZIP 325480000
MORT $36,800.00
BAL $36,757.03
RATE 10.990
PAI $379.59
CLTV 84.743
MATURITY 180115
FEE 0.5000
LOAN 0000021988183
LAST_NAME SIMONS
ADDRESS 908 DRUM AVENUE
CITY CAPITOL HEI
STATE MD
ZIP 207430000
MORT $40,500.00
BAL $40,401.74
RATE 9.940
PAI $433.73
CLTV 84.150
MATURITY 130115
FEE 0.5000
LOAN 0000021988209
LAST_NAME BROWN
ADDRESS 277 STOCKBRIDGE AVENUE
CITY BUFFALO
STATE NY
ZIP 142150000
MORT $15,000.00
BAL $15,000.00
RATE 9.850
PAI $159.82
CLTV 60.672
MATURITY 130102
FEE 0.5000
LOAN 0000021988225
LAST_NAME BAKER
ADDRESS 2355 GARRISONVILLE ROAD
CITY STAFFORD
STATE VA
ZIP 225540000
MORT $33,000.00
BAL $32,614.61
RATE 9.990
PAI $318.24
CLTV 64.840
MATURITY 180114
FEE 0.5000
LOAN 0000021988308
LAST_NAME RAYMOND N/K/
ADDRESS 21 ERMANN DRIVE
CITY KENMORE
STATE NY
ZIP 142170000
MORT $50,200.00
BAL $50,119.93
RATE 8.500
PAI $435.65
CLTV 74.925
MATURITY 180109
FEE 0.5000
LOAN 0000021988332
LAST_NAME BROWN
ADDRESS 4647 WILLOW CREEK ROAD
CITY CASTLE ROCK
STATE CO
ZIP 801040000
MORT $137,500.00
BAL $137,312.98
RATE 9.750
PAI $1,304.21
CLTV 65.476
MATURITY 171223
FEE 0.5000
LOAN 0000021988357
LAST_NAME KLOSTERKEMPE
ADDRESS 324 NORTH ANDERSON STREET
CITY GREENSBURG
STATE IN
ZIP 462400000
MORT $63,700.00
BAL $63,540.13
RATE 10.500
PAI $635.97
CLTV 84.933
MATURITY 171222
FEE 0.5000
LOAN 0000021988381
LAST_NAME WILLIAMS
ADDRESS 316 ORCHARD AVENUE
CITY GLOCESTER T
STATE NJ
ZIP 080830000
MORT $104,200.00
BAL $104,174.80
RATE 12.750
PAI $1,132.33
CLTV 70.405
MATURITY 130101
FEE 0.5000
LOAN 0000021988415
LAST_NAME STEADMAN
ADDRESS 336 KRAMER HILL ROAD
CITY REXVILLE
STATE NY
ZIP 148770000
MORT $36,400.00
BAL $36,290.45
RATE 8.990
PAI $327.27
CLTV 62.758
MATURITY 171218
FEE 0.5000
LOAN 0000021988480
LAST_NAME BISCHOFF
ADDRESS 4211 28TH AVENUE NORTH
CITY SAINT PETER
STATE FL
ZIP 337130000
MORT $65,450.00
BAL $65,419.78
RATE 9.800
PAI $564.73
CLTV 85.000
MATURITY 121231
FEE 0.5000
LOAN 0000021988498
LAST_NAME KAUSS
ADDRESS 10436 W. MICHIGAN STREET
CITY WAUWATOSA
STATE WI
ZIP 532260000
MORT $94,500.00
BAL $94,468.09
RATE 11.250
PAI $917.85
CLTV 90.000
MATURITY 130120
FEE 0.5000
LOAN 0000021988506
LAST_NAME BUCHANAN
ADDRESS 1637 ATHENS STREET
CITY LAKELAND
STATE FL
ZIP 338030000
MORT $48,800.00
BAL $48,530.46
RATE 8.550
PAI $481.99
CLTV 80.000
MATURITY 121225
FEE 0.5000
LOAN 0000021988514
LAST_NAME CAPECE
ADDRESS 922 MINERAL SPRING AVENUE
CITY PAWTUCKET
STATE RI
ZIP 028600000
MORT $72,000.00
BAL $72,000.00
RATE 7.990
PAI $527.81
CLTV 80.000
MATURITY 130204
FEE 0.5000
LOAN 0000021988571
LAST_NAME MIGUEL
ADDRESS 8 OXPULL ROAD
CITY RICHMOND
STATE RI
ZIP 028120000
MORT $125,600.00
BAL $125,600.00
RATE 7.950
PAI $917.24
CLTV 80.000
MATURITY 280213
FEE 0.5000
LOAN 0000021988688
LAST_NAME SORRELL
ADDRESS 406 MONTELLO STREET
CITY BROCKTON
STATE MA
ZIP 024010000
MORT $42,500.00
BAL $42,500.00
RATE 7.650
PAI $346.28
CLTV 50.000
MATURITY 180213
FEE 0.5000
LOAN 0000021988704
LAST_NAME TOLBERT
ADDRESS 10970 BEN HAMILTON ROAD
CITY GRAND BAY
STATE AL
ZIP 365410000
MORT $65,450.00
BAL $65,413.18
RATE 12.100
PAI $678.27
CLTV 85.000
MATURITY 121216
FEE 0.5000
LOAN 0000021988712
LAST_NAME PARDUE
ADDRESS 2227 SOUTH LOMAS ROAD
CITY TOWNSHIP OF
STATE NC
ZIP 286700000
MORT $62,900.00
BAL $62,900.00
RATE 9.300
PAI $578.13
CLTV 85.000
MATURITY 180220
FEE 0.5000
LOAN 0000021988803
LAST_NAME FERRERO
ADDRESS 1122 CALLE LARGO
CITY SANTA FE
STATE NM
ZIP 875010000
MORT $202,500.00
BAL $202,383.24
RATE 8.740
PAI $1,591.63
CLTV 57.203
MATURITY 130122
FEE 0.5000
LOAN 0000021988951
LAST_NAME RATCLIFF
ADDRESS 1282 PROSPECT STREET
CITY BARBERTON
STATE OH
ZIP 442030000
MORT $76,500.00
BAL $76,500.00
RATE 8.990
PAI $687.80
CLTV 90.000
MATURITY 180225
FEE 0.5000
LOAN 0000021989017
LAST_NAME TZEZAIRLIDIS
ADDRESS 413 423 ERICO AVENUE
CITY ELIZABETH
STATE NJ
ZIP 072080000
MORT $161,000.00
BAL $160,309.94
RATE 10.800
PAI $1,508.96
CLTV 70.000
MATURITY 90901
FEE 0.5000
LOAN 0000021989108
LAST_NAME SZAKACS
ADDRESS 2142 WYANDOTTE AVENUE
CITY LAKEWOOD
STATE OH
ZIP 441070000
MORT $96,000.00
BAL $96,000.00
RATE 8.150
PAI $714.48
CLTV 75.590
MATURITY 130223
FEE 0.5000
LOAN 0000021989116
LAST_NAME BIEDLINGMAIE
ADDRESS 793 JOHN GLENN BOULEVARD
CITY WEBSTER
STATE NY
ZIP 145800000
MORT $109,000.00
BAL $109,000.00
RATE 7.900
PAI $792.22
CLTV 77.304
MATURITY 280211
FEE 0.5000
LOAN 0000021989389
LAST_NAME KIELBOWICZ
ADDRESS 471 BECKLEY ROAD
CITY BERLIN
STATE CT
ZIP 060370000
MORT $23,800.00
BAL $23,800.00
RATE 10.200
PAI $212.39
CLTV 68.969
MATURITY 130224
FEE 0.5000
LOAN 0000021989421
LAST_NAME LOENSER
ADDRESS 444 E. MAIN STREET
CITY GENESEO
STATE IL
ZIP 612540000
MORT $55,000.00
BAL $55,000.00
RATE 8.150
PAI $530.39
CLTV 67.073
MATURITY 130225
FEE 0.5000
LOAN 0000021989868
LAST_NAME BRYANT
ADDRESS 2885 CRABTREE COURT
CITY MOBILE
STATE AL
ZIP 366180000
MORT $105,600.00
BAL $105,600.00
RATE 9.300
PAI $872.57
CLTV 80.000
MATURITY 130225
FEE 0.5000
LOAN 0000021990403
LAST_NAME MUSCARELLA
ADDRESS 175 N IOWA AVENUE
CITY MASSAPEQUA
STATE NY
ZIP 117580000
MORT $232,000.00
BAL $231,386.90
RATE 9.500
PAI $2,422.60
CLTV 80.000
MATURITY 130101
FEE 0.5000
LOAN 0000021990429
LAST_NAME STEWART
ADDRESS 144-11 FARMERS BOULEVARD
CITY SPRINGFIELD
STATE NY
ZIP 114340000
MORT $83,000.00
BAL $82,792.28
RATE 9.600
PAI $871.72
CLTV 57.638
MATURITY 130201
FEE 0.5000
LOAN 0000021990445
LAST_NAME ROBERTS
ADDRESS 10201 135TH STREET
CITY RICHMOND HI
STATE NY
ZIP 114190000
MORT $121,300.00
BAL $121,192.24
RATE 10.000
PAI $1,064.49
CLTV 75.812
MATURITY 271201
FEE 0.5000
LOAN 0000021990460
LAST_NAME O'FARRILL
ADDRESS 1554 LELAND AVENUE
CITY BRONX
STATE NY
ZIP 104600000
MORT $76,000.00
BAL $75,899.91
RATE 10.000
PAI $733.42
CLTV 48.101
MATURITY 180101
FEE 0.5000
LOAN 0000021990502
LAST_NAME GUINTA
ADDRESS 741 TARGEE STREET
CITY STATEN ISLA
STATE NY
ZIP 103040000
MORT $112,900.00
BAL $112,558.61
RATE 9.400
PAI $1,172.13
CLTV 77.862
MATURITY 130101
FEE 0.5000
LOAN 0000021990668
LAST_NAME DANIEL
ADDRESS 163 DERWENT DRIVE
CITY HUNTSVILLE
STATE AL
ZIP 358100000
MORT $127,500.00
BAL $127,453.53
RATE 10.900
PAI $1,204.59
CLTV 85.000
MATURITY 280101
FEE 0.5000
LOAN 0000021990684
LAST_NAME BOWCOTT
ADDRESS 8312 DOMINGUIN STREET
CITY ORLANDO
STATE FL
ZIP 328170000
MORT $52,000.00
BAL $52,000.00
RATE 8.640
PAI $455.89
CLTV 80.000
MATURITY 180123
FEE 0.5000
LOAN 0000021990692
LAST_NAME LARUE
ADDRESS 1304 BUSH DRIVE
CITY HUNTSVILLE
STATE AL
ZIP 358030000
MORT $102,400.00
BAL $102,360.17
RATE 10.600
PAI $944.36
CLTV 80.000
MATURITY 280101
FEE 0.5000
LOAN 0000021990700
LAST_NAME MIKULKA
ADDRESS 22 DANIEL DRIVE
CITY MIDDLETOWN
STATE NJ
ZIP 077480000
MORT $30,000.00
BAL $29,924.56
RATE 10.300
PAI $269.95
CLTV 15.789
MATURITY 121222
FEE 0.5000
LOAN 0000021990833
LAST_NAME ACKERMAN
ADDRESS 831 20TH STREET N.E.
CITY WASHINGTON
STATE DC
ZIP 200020000
MORT $75,000.00
BAL $74,899.29
RATE 9.850
PAI $716.33
CLTV 76.923
MATURITY 180121
FEE 0.5000
LOAN 0000021990858
LAST_NAME SHAW
ADDRESS 4322 GENERAL KEARNY COURT
CITY CHANTILLY
STATE VA
ZIP 201510000
MORT $170,100.00
BAL $170,100.00
RATE 8.500
PAI $1,307.92
CLTV 90.000
MATURITY 280120
FEE 0.5000
LOAN 0000021990866
LAST_NAME MCBRIDE
ADDRESS 3193 SUMMER GLEN DRIVE
CITY GROVE CITY
STATE OH
ZIP 431230000
MORT $161,000.00
BAL $160,940.04
RATE 10.800
PAI $1,508.96
CLTV 89.444
MATURITY 130121
FEE 0.5000
LOAN 0000021990874
LAST_NAME HARRIS
ADDRESS 1 DOGWOOD DRIVE
CITY NEW MILFORD
STATE CT
ZIP 067760000
MORT $58,000.00
BAL $57,735.25
RATE 10.650
PAI $646.54
CLTV 75.670
MATURITY 121229
FEE 0.5000
LOAN 0000021990882
LAST_NAME HEAGLE
ADDRESS 131 N GEECK ROAD
CITY CORUNNA
STATE MI
ZIP 488170000
MORT $120,000.00
BAL $119,813.37
RATE 8.700
PAI $1,056.63
CLTV 75.000
MATURITY 180121
FEE 0.5000
LOAN 0000021990890
LAST_NAME DI FRANCO
ADDRESS 12 JUNIPER LANE
CITY GLOUCESTER
STATE NJ
ZIP 080120000
MORT $98,100.00
BAL $98,054.78
RATE 12.990
PAI $1,084.42
CLTV 90.000
MATURITY 121222
FEE 0.5000
LOAN 0000021991021
LAST_NAME FRASIER
ADDRESS 4988 CHUGG ROAD
CITY HOLLEY
STATE NY
ZIP 144700000
MORT $60,800.00
BAL $60,639.18
RATE 8.990
PAI $616.31
CLTV 80.000
MATURITY 130201
FEE 0.5000
LOAN 0000021991054
LAST_NAME ANDERSON
ADDRESS 770 MATTHEWS
CITY GARY
STATE IN
ZIP 464060000
MORT $36,000.00
BAL $36,000.00
RATE 11.390
PAI $353.49
CLTV 90.000
MATURITY 130105
FEE 0.5000
LOAN 0000021991120
LAST_NAME LOVELESS
ADDRESS 2032 MOUNTAIN VISTA LANE
CITY PROVO
STATE UT
ZIP 846060000
MORT $55,500.00
BAL $55,476.42
RATE 10.190
PAI $494.87
CLTV 77.056
MATURITY 130120
FEE 0.5000
LOAN 0000021991138
LAST_NAME LEMANSKI
ADDRESS 30 FLYING GOOSE PATH
CITY WATER MILL
STATE NY
ZIP 119760000
MORT $295,200.00
BAL $295,200.00
RATE 9.200
PAI $2,417.85
CLTV 53.672
MATURITY 280211
FEE 0.5000
LOAN 0000021991195
LAST_NAME HADEL JR
ADDRESS 401 RALPH DRIVE
CITY CARY
STATE NC
ZIP 275110000
MORT $35,473.00
BAL $35,473.00
RATE 8.150
PAI $721.82
CLTV 78.897
MATURITY 30227
FEE 0.5000
LOAN 0000021991252
LAST_NAME NYCZ
ADDRESS 659 WASHINGTON AVENUE
CITY PISCATAWAY
STATE NJ
ZIP 088540000
MORT $100,500.00
BAL $100,500.00
RATE 9.750
PAI $863.45
CLTV 73.357
MATURITY 280218
FEE 0.5000
LOAN 0000021991542
LAST_NAME FORTEL
ADDRESS 7846 MENOLA AVENUE
CITY SAINT LOUIS
STATE MO
ZIP 631230000
MORT $50,500.00
BAL $50,366.42
RATE 8.990
PAI $511.91
CLTV 61.585
MATURITY 130113
FEE 0.5000
LOAN 0000021991567
LAST_NAME CHITWOOD
ADDRESS 4 PARK PLACE
CITY SAINT PETER
STATE MO
ZIP 633760000
MORT $112,000.00
BAL $112,000.00
RATE 9.250
PAI $1,433.97
CLTV 80.000
MATURITY 80201
FEE 0.5000
LOAN 0000021991641
LAST_NAME LADAGE
ADDRESS 7399 THE CEDARS DRIVE
CITY O'FALLON
STATE MO
ZIP 633660000
MORT $145,800.00
BAL $145,800.00
RATE 10.950
PAI $1,382.99
CLTV 90.000
MATURITY 280201
FEE 0.5000
LOAN 0000021992011
LAST_NAME CARLSON-ZYAT
ADDRESS 14 ANNA TERRACE
CITY HANOVER
STATE NJ
ZIP 079810000
MORT $181,000.00
BAL $180,918.20
RATE 9.900
PAI $1,575.05
CLTV 84.976
MATURITY 130105
FEE 0.5000
LOAN 0000021992136
LAST_NAME CHAVIS
ADDRESS 2369 LAKE BAY ROAD
CITY VASS
STATE NC
ZIP 283940000
MORT $67,400.00
BAL $66,785.18
RATE 9.850
PAI $584.03
CLTV 81.204
MATURITY 271224
FEE 0.5000
LOAN 0000021992383
LAST_NAME THOMAS
ADDRESS 501 OVERLOOK DR
CITY OPELIKA
STATE AL
ZIP 368010000
MORT $80,000.00
BAL $78,156.42
RATE 8.840
PAI $803.82
CLTV 27.586
MATURITY 120618
FEE 0.5000
LOAN 0000021992425
LAST_NAME MOSS
ADDRESS 430 E BENTON
CITY BENTON
STATE KS
ZIP 670170000
MORT $40,000.00
BAL $39,453.91
RATE 8.800
PAI $400.96
CLTV 74.766
MATURITY 120901
FEE 0.5000
LOAN 0000021992821
LAST_NAME QUINTAL
ADDRESS 343 JUDSON STREET
CITY TIVERTON
STATE RI
ZIP 028780000
MORT $104,400.00
BAL $104,400.00
RATE 9.050
PAI $843.79
CLTV 90.000
MATURITY 130227
FEE 0.5000
LOAN 0000021992870
LAST_NAME TERWILLIGER
ADDRESS 2391 CHARLTON ROAD
CITY STANLEY
STATE NY
ZIP 145610000
MORT $40,000.00
BAL $40,000.00
RATE 8.750
PAI $353.48
CLTV 75.471
MATURITY 180127
FEE 0.5000
LOAN 0000021992912
LAST_NAME KARCHER
ADDRESS 78 FAIRMOUNT STREET
CITY HUNTINGTON
STATE NY
ZIP 117430000
MORT $130,000.00
BAL $130,000.00
RATE 8.750
PAI $1,299.28
CLTV 56.277
MATURITY 130128
FEE 0.5000
LOAN 0000021992953
LAST_NAME HARRIS
ADDRESS 501 OLD LYMAN ROAD
CITY SOUTH HADLE
STATE MA
ZIP 010750000
MORT $59,200.00
BAL $59,200.00
RATE 8.990
PAI $749.60
CLTV 72.195
MATURITY 80116
FEE 0.5000
LOAN 0000021992987
LAST_NAME TORAIN
ADDRESS 867 MACY PLACE
CITY BRONX
STATE NY
ZIP 104550000
MORT $100,100.00
BAL $100,100.00
RATE 9.550
PAI $936.33
CLTV 74.981
MATURITY 180126
FEE 0.5000
LOAN 0000021993027
LAST_NAME GILLETTE
ADDRESS 373 BRUSH HILL AVENUE
CITY WEST SPRING
STATE MA
ZIP 010890000
MORT $28,800.00
BAL $28,800.00
RATE 9.550
PAI $269.39
CLTV 32.000
MATURITY 180114
FEE 0.5000
LOAN 0000021993209
LAST_NAME MILES
ADDRESS 34 BANCROFT STREET
CITY WESTFIELD
STATE MA
ZIP 010850000
MORT $110,000.00
BAL $110,000.00
RATE 9.250
PAI $904.95
CLTV 86.614
MATURITY 280219
FEE 0.5000
LOAN 0000021993225
LAST_NAME LANE
ADDRESS 660 PROSPECT STREET
CITY TORRINGTON
STATE CT
ZIP 067900000
MORT $61,000.00
BAL $60,963.43
RATE 8.550
PAI $471.20
CLTV 76.250
MATURITY 280109
FEE 0.5000
LOAN 0000021993282
LAST_NAME CERVONE
ADDRESS 455 WESTFIELD AVENUE
CITY BRIDGEPORT
STATE CT
ZIP 066060000
MORT $50,000.00
BAL $50,000.00
RATE 9.750
PAI $429.58
CLTV 68.493
MATURITY 280201
FEE 0.5000
LOAN 0000021993365
LAST_NAME POTE
ADDRESS 3 THAMES STREET
CITY NORWALK
STATE CT
ZIP 068510000
MORT $125,000.00
BAL $124,812.61
RATE 8.990
PAI $1,123.85
CLTV 54.347
MATURITY 180114
FEE 0.5000
LOAN 0000021993381
LAST_NAME TOONE
ADDRESS 31 PASADENA PLACE
CITY MOUNT VERNO
STATE NY
ZIP 105520000
MORT $73,000.00
BAL $73,000.00
RATE 9.850
PAI $777.78
CLTV 33.936
MATURITY 130128
FEE 0.5000
LOAN 0000021993415
LAST_NAME COLEMAN
ADDRESS 1316-5 ASYLUM AVENUE
CITY HARTFORD
STATE CT
ZIP 061120000
MORT $45,000.00
BAL $45,000.00
RATE 10.500
PAI $411.63
CLTV 74.772
MATURITY 130126
FEE 0.5000
LOAN 0000021993456
LAST_NAME BISHOP
ADDRESS 176-25 133RD ROAD
CITY SPRINGFIELD
STATE NY
ZIP 114340000
MORT $70,700.00
BAL $70,700.00
RATE 8.990
PAI $635.65
CLTV 44.465
MATURITY 180126
FEE 0.5000
LOAN 0000021993621
LAST_NAME MCFEELEY,JR.
ADDRESS 17 PAUCHOGUE AVENUE
CITY EAST ISLIP
STATE NY
ZIP 117300000
MORT $18,600.00
BAL $18,600.00
RATE 9.500
PAI $173.38
CLTV 84.796
MATURITY 180223
FEE 0.5000
LOAN 0000021993761
LAST_NAME LONG
ADDRESS 716 LARRY AVENUE
CITY GRAHAM
STATE NC
ZIP 272530000
MORT $45,500.00
BAL $45,500.00
RATE 9.500
PAI $382.59
CLTV 71.093
MATURITY 130206
FEE 0.5000
LOAN 0000021993811
LAST_NAME MC CARY
ADDRESS 909 SPRING CREEK ROAD
CITY MONTEVALLO
STATE AL
ZIP 351150000
MORT $45,900.00
BAL $45,900.00
RATE 10.800
PAI $515.95
CLTV 90.000
MATURITY 130227
FEE 0.5000
LOAN 0000021993886
LAST_NAME HARRIS
ADDRESS 536 N. VANDALIA
CITY BRAZIL
STATE IN
ZIP 478340000
MORT $29,700.00
BAL $29,700.00
RATE 9.550
PAI $250.82
CLTV 90.000
MATURITY 280225
FEE 0.5000
LOAN 0000021994272
LAST_NAME ORR
ADDRESS 727 WARREN DRIVE
CITY ANNAPOLIS
STATE MD
ZIP 214030000
MORT $51,350.00
BAL $51,350.00
RATE 11.650
PAI $604.78
CLTV 84.890
MATURITY 130203
FEE 0.5000
LOAN 0000021994405
LAST_NAME SHERKER
ADDRESS 1928 PARKSIDE AVENUE
CITY DEPTFORD
STATE NJ
ZIP 080960000
MORT $61,750.00
BAL $61,750.00
RATE 8.750
PAI $617.16
CLTV 66.397
MATURITY 130227
FEE 0.5000
LOAN 0000021994413
LAST_NAME ROLLE
ADDRESS 232 WOODLAWN AVE
CITY TRENTON
STATE NJ
ZIP 086090000
MORT $61,500.00
BAL $61,500.00
RATE 9.250
PAI $563.26
CLTV 72.352
MATURITY 180223
FEE 0.5000
LOAN 0000021994439
LAST_NAME LETZGUS
ADDRESS 305 POWELL STREET
CITY GLOUCESTER
STATE NJ
ZIP 080300000
MORT $63,000.00
BAL $63,000.00
RATE 9.050
PAI $568.85
CLTV 86.301
MATURITY 180223
FEE 0.5000
LOAN 0000021994520
LAST_NAME BLACKWELL
ADDRESS 400 QUARRY AVENUE
CITY CAPITOL HEI
STATE MD
ZIP 207430000
MORT $68,000.00
BAL $68,000.00
RATE 8.250
PAI $510.87
CLTV 47.887
MATURITY 130124
FEE 0.5000
LOAN 0000021994546
LAST_NAME LESTER
ADDRESS 216 CARROLL ROAD
CITY GLEN BURNIE
STATE MD
ZIP 210600000
MORT $101,000.00
BAL $101,000.00
RATE 8.500
PAI $776.61
CLTV 84.873
MATURITY 280123
FEE 0.5000
LOAN 0000021994579
LAST_NAME POWELL
ADDRESS 2231 NEWTON STREET N.E.
CITY WASHINGTON
STATE DC
ZIP 200180000
MORT $90,000.00
BAL $90,000.00
RATE 9.990
PAI $789.15
CLTV 75.000
MATURITY 130128
FEE 0.5000
LOAN 0000021994652
LAST_NAME KENNEDY
ADDRESS 5024 MAC ARTHUR BLVD NW
CITY WASHINGTON
STATE DC
ZIP 200160000
MORT $117,000.00
BAL $117,000.00
RATE 9.250
PAI $962.54
CLTV 37.741
MATURITY 130123
FEE 0.5000
LOAN 0000021994678
LAST_NAME DAVIDSON
ADDRESS 435 Q STREET NW
CITY WASHINGTON
STATE DC
ZIP 200010000
MORT $86,000.00
BAL $86,000.00
RATE 8.990
PAI $691.36
CLTV 78.181
MATURITY 280112
FEE 0.5000
LOAN 0000021994694
LAST_NAME FRAZIER
ADDRESS 1366 PENTRIDGE ROAD
CITY BALTIMORE
STATE MD
ZIP 212390000
MORT $62,000.00
BAL $62,000.00
RATE 8.890
PAI $553.46
CLTV 80.000
MATURITY 180123
FEE 0.5000
LOAN 0000021994959
LAST_NAME WILSON
ADDRESS 2220 SUNDANCE DRIVE
CITY HARTSVILLE
STATE SC
ZIP 295500000
MORT $60,800.00
BAL $60,730.50
RATE 8.800
PAI $480.49
CLTV 80.000
MATURITY 271219
FEE 0.5000
LOAN 0000021995014
LAST_NAME PETTER
ADDRESS 3208 BERKSTON ROAD
CITY CHARLOTTE
STATE NC
ZIP 282690000
MORT $72,750.00
BAL $72,685.22
RATE 9.990
PAI $637.90
CLTV 75.000
MATURITY 271217
FEE 0.5000
LOAN 0000021995063
LAST_NAME ZOLOBKOWSKI
ADDRESS 11041 ISLAND PINE DRIVE
CITY PORT RICHEY
STATE FL
ZIP 346680000
MORT $33,800.00
BAL $33,609.13
RATE 8.300
PAI $328.89
CLTV 39.764
MATURITY 121222
FEE 0.5000
LOAN 0000021995071
LAST_NAME BAINBRIDGE
ADDRESS 6211 S KELLY ROAD
CITY TAMPA
STATE FL
ZIP 336110000
MORT $44,000.00
BAL $43,644.04
RATE 8.800
PAI $441.06
CLTV 78.571
MATURITY 121217
FEE 0.5000
LOAN 0000021995154
LAST_NAME BETHEA
ADDRESS 5070 LARGO DRIVE
CITY WINSTON SAL
STATE NC
ZIP 271010000
MORT $80,000.00
BAL $79,908.56
RATE 8.800
PAI $632.22
CLTV 80.000
MATURITY 271209
FEE 0.5000
LOAN 0000021995196
LAST_NAME COLE
ADDRESS 2152 GEORGIANNA STREET
CITY LARGO
STATE FL
ZIP 337740000
MORT $55,250.00
BAL $55,222.24
RATE 9.400
PAI $460.55
CLTV 85.000
MATURITY 280102
FEE 0.5000
LOAN 0000021995204
LAST_NAME MADSEN
ADDRESS 439 LONDON COURT II
CITY EGG HARBOR
STATE NJ
ZIP 082340000
MORT $45,600.00
BAL $45,600.00
RATE 10.050
PAI $401.86
CLTV 80.000
MATURITY 280224
FEE 0.5000
LOAN 0000021995212
LAST_NAME ZICKWOLFE
ADDRESS 5966 12TH STREET NORTH
CITY ST. PETERSB
STATE FL
ZIP 337030000
MORT $46,750.00
BAL $46,612.14
RATE 9.150
PAI $425.14
CLTV 80.603
MATURITY 171222
FEE 0.5000
LOAN 0000021995279
LAST_NAME PLUMMER
ADDRESS 680 AVENUE R NE
CITY WINTER HAVE
STATE FL
ZIP 338810000
MORT $39,100.00
BAL $38,988.22
RATE 9.400
PAI $361.91
CLTV 85.000
MATURITY 171215
FEE 0.5000
LOAN 0000021995295
LAST_NAME CARDOZA
ADDRESS 10530 HILLTOP DRIVE
CITY NEW PORT RI
STATE FL
ZIP 346540000
MORT $76,000.00
BAL $75,956.28
RATE 8.750
PAI $597.89
CLTV 80.000
MATURITY 271215
FEE 0.5000
LOAN 0000021995311
LAST_NAME PORTER
ADDRESS 804 KINGS CROSS WAY
CITY RALEIGH
STATE NC
ZIP 276150000
MORT $170,000.00
BAL $169,906.94
RATE 8.990
PAI $1,366.64
CLTV 77.981
MATURITY 271222
FEE 0.5000
LOAN 0000021995337
LAST_NAME POPRIK
ADDRESS 790 TERRAVIEW DRIVE
CITY YOUNGSTOWN
STATE OH
ZIP 445120000
MORT $116,000.00
BAL $115,933.95
RATE 8.800
PAI $916.72
CLTV 80.000
MATURITY 271216
FEE 0.5000
LOAN 0000021995410
LAST_NAME TYBURSKI
ADDRESS 1121 HARDIMONT ROAD
CITY RALEIGH
STATE NC
ZIP 276090000
MORT $85,000.00
BAL $84,559.11
RATE 9.250
PAI $874.81
CLTV 55.555
MATURITY 121223
FEE 0.5000
LOAN 0000021995444
LAST_NAME ARMSTRONG
ADDRESS 4012 ST.MONICA DRIVE
CITY BALTIMORE
STATE MD
ZIP 212220000
MORT $15,200.00
BAL $15,200.00
RATE 9.750
PAI $161.02
CLTV 85.000
MATURITY 130123
FEE 0.5000
LOAN 0000021995469
LAST_NAME VELEZ
ADDRESS 2148 NORTH MOODY
CITY CHICAGO
STATE IL
ZIP 606390000
MORT $126,500.00
BAL $126,500.00
RATE 8.500
PAI $972.68
CLTV 82.679
MATURITY 280201
FEE 0.5000
LOAN 0000021995568
LAST_NAME RICHARDS
ADDRESS 300 FIRST AVENUE
CITY FORT WALTON
STATE FL
ZIP 325470000
MORT $112,500.00
BAL $112,500.00
RATE 8.990
PAI $1,011.47
CLTV 70.312
MATURITY 180126
FEE 0.5000
LOAN 0000021995592
LAST_NAME MCGRUDER
ADDRESS 10511 ARENDAL ROAD
CITY JACKSONVILL
STATE FL
ZIP 322180000
MORT $43,200.00
BAL $42,318.11
RATE 9.990
PAI $570.65
CLTV 90.000
MATURITY 71202
FEE 0.5000
LOAN 0000021995600
LAST_NAME MAHURIN
ADDRESS 2923 MARKS STREET
CITY ORLANDO
STATE FL
ZIP 328020000
MORT $54,200.00
BAL $54,032.93
RATE 8.800
PAI $480.70
CLTV 65.696
MATURITY 171205
FEE 0.5000
LOAN 0000021995618
LAST_NAME HAMBLEN
ADDRESS 9770 NORTHWEST CR 320
CITY MCINTOSH
STATE FL
ZIP 326670000
MORT $72,000.00
BAL $71,888.33
RATE 8.750
PAI $566.42
CLTV 80.000
MATURITY 271205
FEE 0.5000
LOAN 0000021995634
LAST_NAME PETERS
ADDRESS 5209 14TH AVE SOUTH
CITY GULFPORT
STATE FL
ZIP 337070000
MORT $46,400.00
BAL $46,329.91
RATE 8.800
PAI $366.69
CLTV 80.000
MATURITY 271210
FEE 0.5000
LOAN 0000021995675
LAST_NAME MOLL
ADDRESS 1594 INVERNESS STREET
CITY PORT CHARLO
STATE FL
ZIP 339520000
MORT $63,700.00
BAL $63,643.29
RATE 9.990
PAI $558.54
CLTV 70.000
MATURITY 271210
FEE 0.5000
LOAN 0000021995725
LAST_NAME GARRETT
ADDRESS 1335 22ND AVENUE
CITY ST. PETERSB
STATE FL
ZIP 337050000
MORT $35,600.00
BAL $35,406.86
RATE 8.750
PAI $355.80
CLTV 62.456
MATURITY 121215
FEE 0.5000
LOAN 0000021995766
LAST_NAME BAXTER
ADDRESS 2776 BELLE HAVEN DRIVE
CITY CLEARWATER
STATE FL
ZIP 337630000
MORT $23,500.00
BAL $23,249.99
RATE 8.550
PAI $292.00
CLTV 31.333
MATURITY 71215
FEE 0.5000
LOAN 0000021995790
LAST_NAME RENSLOW
ADDRESS 16450 W 51ST AVENUE
CITY GOLDEN
STATE CO
ZIP 804030000
MORT $50,000.00
BAL $49,541.38
RATE 8.800
PAI $395.14
CLTV 32.467
MATURITY 271212
FEE 0.5000
LOAN 0000021995857
LAST_NAME KING
ADDRESS 5023 DELAWARE DRIVE
CITY LOUISVILLE
STATE KY
ZIP 402180000
MORT $46,750.00
BAL $46,684.97
RATE 9.650
PAI $440.36
CLTV 85.000
MATURITY 171212
FEE 0.5000
LOAN 0000021995865
LAST_NAME WATKINS
ADDRESS 12408 NASSAU LANE
CITY LOUISVILLE
STATE KY
ZIP 402430000
MORT $178,500.00
BAL $178,303.85
RATE 8.990
PAI $1,434.97
CLTV 85.000
MATURITY 271203
FEE 0.5000
LOAN 0000021995873
LAST_NAME DAYTON
ADDRESS 1590 GLEN ROSE COURT
CITY LAWRENCEVIL
STATE GA
ZIP 302430000
MORT $27,750.00
BAL $27,750.00
RATE 10.900
PAI $313.67
CLTV 84.420
MATURITY 130128
FEE 0.5000
LOAN 0000021995899
LAST_NAME GERARD
ADDRESS 644 50TH AVENUE SOUTH
CITY ST. PETERSB
STATE FL
ZIP 337050000
MORT $117,000.00
BAL $116,895.84
RATE 9.990
PAI $1,025.89
CLTV 90.000
MATURITY 271215
FEE 0.5000
LOAN 0000021995907
LAST_NAME ROGERS
ADDRESS 838 77TH AVENUE NORTH
CITY ST PETERSBU
STATE FL
ZIP 337020000
MORT $83,300.00
BAL $83,255.90
RATE 9.150
PAI $679.26
CLTV 85.000
MATURITY 271216
FEE 0.5000
LOAN 0000021995931
LAST_NAME MOFFETT
ADDRESS 308 WEIL LANE
CITY NICHOLASVIL
STATE KY
ZIP 403560000
MORT $93,120.00
BAL $92,977.00
RATE 8.800
PAI $825.88
CLTV 80.000
MATURITY 171217
FEE 0.5000
LOAN 0000021995956
LAST_NAME TUNSTALL
ADDRESS 2861 RUTH DRIVE
CITY JACKSONVILL
STATE FL
ZIP 322070000
MORT $54,500.00
BAL $54,415.78
RATE 8.750
PAI $481.62
CLTV 75.694
MATURITY 171215
FEE 0.5000
LOAN 0000021996004
LAST_NAME GUNN
ADDRESS 4100 S INCA STREET
CITY ENGLEWOOD
STATE CO
ZIP 801100000
MORT $91,000.00
BAL $90,945.44
RATE 8.550
PAI $702.94
CLTV 72.800
MATURITY 280102
FEE 0.5000
LOAN 0000021996020
LAST_NAME REEVES
ADDRESS 2906 DELLWOOD DRIVE
CITY PARMA
STATE OH
ZIP 441340000
MORT $101,200.00
BAL $101,039.61
RATE 8.550
PAI $881.44
CLTV 80.000
MATURITY 171217
FEE 0.5000
LOAN 0000021996046
LAST_NAME KOZUSNIK
ADDRESS 4129 ROSSER BOULEVARD
CITY PORT ST. LU
STATE FL
ZIP 349530000
MORT $72,250.00
BAL $72,173.22
RATE 9.150
PAI $589.15
CLTV 85.000
MATURITY 271215
FEE 0.5000
LOAN 0000021996061
LAST_NAME POLIS
ADDRESS 1142 BELKTON AVENUE
CITY PORT CHARLO
STATE FL
ZIP 339480000
MORT $67,800.00
BAL $67,714.12
RATE 8.300
PAI $511.74
CLTV 79.764
MATURITY 271209
FEE 0.5000
LOAN 0000021996145
LAST_NAME BLUBAUGH
ADDRESS 311 S HARRISON
CITY SPRINGHILL
STATE KS
ZIP 660830000
MORT $68,800.00
BAL $68,758.75
RATE 8.550
PAI $531.45
CLTV 80.000
MATURITY 271213
FEE 0.5000
LOAN 0000021996152
LAST_NAME ALFANO
ADDRESS 11202 MADERIA STREET
CITY SPRING HILL
STATE FL
ZIP 346090000
MORT $52,000.00
BAL $51,834.57
RATE 8.550
PAI $452.92
CLTV 76.470
MATURITY 171217
FEE 0.5000
LOAN 0000021996178
LAST_NAME CHESNEY
ADDRESS 4394 FLEXER DRIVE
CITY HERNANDO BE
STATE FL
ZIP 346070000
MORT $68,000.00
BAL $67,894.91
RATE 8.750
PAI $600.92
CLTV 50.746
MATURITY 171222
FEE 0.5000
LOAN 0000021996186
LAST_NAME BRISTOW
ADDRESS 1540 PLEASANT STREET
CITY WINSTON-SAL
STATE NC
ZIP 271070000
MORT $55,200.00
BAL $55,136.91
RATE 8.800
PAI $436.23
CLTV 80.000
MATURITY 271202
FEE 0.5000
LOAN 0000021996210
LAST_NAME JOHNSON
ADDRESS 7009 IREWICK WAY
CITY LOUISVILLE
STATE KY
ZIP 402720000
MORT $68,000.00
BAL $67,925.28
RATE 8.990
PAI $546.65
CLTV 82.926
MATURITY 271210
FEE 0.5000
LOAN 0000021996251
LAST_NAME SMITH
ADDRESS 3775 BUCK LAKE ROAD
CITY TALLAHASSEE
STATE FL
ZIP 323110000
MORT $62,600.00
BAL $61,448.74
RATE 8.990
PAI $792.65
CLTV 73.647
MATURITY 71220
FEE 0.5000
LOAN 0000021996285
LAST_NAME PYLE
ADDRESS 514 W FAITH TERRACE
CITY MAITLAND
STATE FL
ZIP 327510000
MORT $64,000.00
BAL $63,655.99
RATE 8.300
PAI $786.68
CLTV 36.571
MATURITY 71222
FEE 0.5000
LOAN 0000021996319
LAST_NAME SIGERS
ADDRESS 353 WEST AVENUE
CITY OCEAN CITY
STATE NJ
ZIP 082260000
MORT $88,700.00
BAL $88,700.00
RATE 8.950
PAI $710.51
CLTV 78.495
MATURITY 280224
FEE 0.5000
LOAN 0000021996327
LAST_NAME ZAMMITTO
ADDRESS 4917 PELICAN DRIVE
CITY NEW PORT RI
STATE FL
ZIP 346520000
MORT $82,400.00
BAL $82,300.83
RATE 8.550
PAI $636.51
CLTV 65.396
MATURITY 271223
FEE 0.5000
LOAN 0000021996368
LAST_NAME BALLARD
ADDRESS 12206 FIELDSTONE LANE
CITY BAYONET POI
STATE FL
ZIP 346670000
MORT $65,600.00
BAL $65,257.16
RATE 8.800
PAI $823.91
CLTV 80.000
MATURITY 80104
FEE 0.5000
LOAN 0000021996384
LAST_NAME RASKIN
ADDRESS 6410 MALLARDS LANE
CITY COCONUT CRE
STATE FL
ZIP 330730000
MORT $30,000.00
BAL $29,529.24
RATE 9.990
PAI $396.29
CLTV 12.320
MATURITY 71224
FEE 0.5000
LOAN 0000021996400
LAST_NAME SINGLETON
ADDRESS 4130 W MUHAMMAD ALI BLVD
CITY LOUISVILLE
STATE KY
ZIP 402120000
MORT $30,000.00
BAL $29,919.28
RATE 8.800
PAI $300.72
CLTV 58.823
MATURITY 130105
FEE 0.5000
LOAN 0000021996442
LAST_NAME PLUMMER
ADDRESS 2121 TRIESTE RD
CITY MIMS
STATE FL
ZIP 327540000
MORT $44,000.00
BAL $43,956.09
RATE 9.450
PAI $368.37
CLTV 80.000
MATURITY 271208
FEE 0.5000
LOAN 0000021996467
LAST_NAME RUSSELL
ADDRESS 3302 JAPONICA ROAD
CITY JACKSONVILL
STATE FL
ZIP 322090000
MORT $65,450.00
BAL $65,374.41
RATE 8.750
PAI $514.90
CLTV 85.000
MATURITY 271208
FEE 0.5000
LOAN 0000021996491
LAST_NAME SALTER
ADDRESS 24 EAST 24TH STREET
CITY WILMINGTON
STATE DE
ZIP 198020000
MORT $56,250.00
BAL $56,250.00
RATE 10.390
PAI $509.92
CLTV 75.000
MATURITY 280121
FEE 0.5000
LOAN 0000021996517
LAST_NAME LAFLAMME
ADDRESS 4090 E DANO STREET
CITY INVERNESS
STATE FL
ZIP 344530000
MORT $37,000.00
BAL $36,957.27
RATE 8.750
PAI $291.08
CLTV 78.723
MATURITY 271205
FEE 0.5000
LOAN 0000021996525
LAST_NAME SPAHR
ADDRESS 6708 DONERAIL TRAIL
CITY TALLAHASSEE
STATE FL
ZIP 323080000
MORT $84,800.00
BAL $84,697.01
RATE 8.550
PAI $655.05
CLTV 80.000
MATURITY 271216
FEE 0.5000
LOAN 0000021996533
LAST_NAME RYON
ADDRESS 2215 WOODBINE
CITY TALLAHASSEE
STATE FL
ZIP 323080000
MORT $85,000.00
BAL $84,846.02
RATE 8.550
PAI $656.59
CLTV 73.913
MATURITY 271220
FEE 0.5000
LOAN 0000021996541
LAST_NAME BALES
ADDRESS 4651 PINEWOOD AVENUE
CITY JACKSONVILL
STATE FL
ZIP 322070000
MORT $70,000.00
BAL $69,807.38
RATE 8.550
PAI $691.37
CLTV 79.545
MATURITY 121217
FEE 0.5000
LOAN 0000021996558
LAST_NAME BALL
ADDRESS 2379 ROSS STREET
CITY KISSIMMEE
STATE FL
ZIP 347440000
MORT $56,000.00
BAL $55,914.00
RATE 8.800
PAI $496.67
CLTV 77.777
MATURITY 180102
FEE 0.5000
LOAN 0000021996566
LAST_NAME PUGH
ADDRESS 390 WARD RD
CITY EDEN
STATE NC
ZIP 272880000
MORT $51,200.00
BAL $51,140.74
RATE 8.740
PAI $402.43
CLTV 80.000
MATURITY 271224
FEE 0.5000
LOAN 0000021996574
LAST_NAME PRESTON
ADDRESS 3105 CANMORE
CITY TALLAHASSEE
STATE FL
ZIP 323030000
MORT $82,800.00
BAL $82,398.42
RATE 9.990
PAI $889.27
CLTV 90.000
MATURITY 121219
FEE 0.5000
LOAN 0000021996582
LAST_NAME MELENDEZ
ADDRESS 2924 W IVY STREET
CITY TAMPA
STATE FL
ZIP 336070000
MORT $25,000.00
BAL $24,664.60
RATE 8.550
PAI $310.63
CLTV 44.642
MATURITY 80102
FEE 0.5000
LOAN 0000021996624
LAST_NAME KIMBALL
ADDRESS 4249 S QUINTERO WAY
CITY AURORA
STATE CO
ZIP 800130000
MORT $98,800.00
BAL $98,743.74
RATE 8.800
PAI $780.79
CLTV 80.000
MATURITY 271222
FEE 0.5000
LOAN 0000021996673
LAST_NAME LINDSEY
ADDRESS 8301 45TH STREET NORTH
CITY PINELLAS PA
STATE FL
ZIP 337810000
MORT $48,800.00
BAL $48,540.88
RATE 8.990
PAI $494.67
CLTV 80.000
MATURITY 121208
FEE 0.5000
LOAN 0000021996723
LAST_NAME GILCHRIST
ADDRESS 405 OAKWOOD AVENUE
CITY SANFORD
STATE NC
ZIP 273300000
MORT $55,250.00
BAL $54,982.05
RATE 9.990
PAI $593.38
CLTV 85.000
MATURITY 121219
FEE 0.5000
LOAN 0000021996798
LAST_NAME SCALES
ADDRESS 4205 CORBIN ROAD
CITY GREENSBORO
STATE NC
ZIP 274050000
MORT $69,600.00
BAL $69,569.14
RATE 9.990
PAI $610.28
CLTV 80.000
MATURITY 121229
FEE 0.5000
LOAN 0000021996806
LAST_NAME LAMPLEY
ADDRESS 190 WHITNEY LANE
CITY STATESVILLE
STATE NC
ZIP 286250000
MORT $92,800.00
BAL $92,654.76
RATE 8.650
PAI $814.17
CLTV 80.000
MATURITY 171219
FEE 0.5000
LOAN 0000021996822
LAST_NAME WEBSTER
ADDRESS 1325 GREEN TEE LANE
CITY ROCKY MOUNT
STATE NC
ZIP 278040000
MORT $130,000.00
BAL $129,828.58
RATE 9.990
PAI $1,253.67
CLTV 83.870
MATURITY 171217
FEE 0.5000
LOAN 0000021996905
LAST_NAME KEENE
ADDRESS 7 EAGLE NEST DRIVE
CITY LINCOLN
STATE RI
ZIP 028650000
MORT $215,000.00
BAL $215,000.00
RATE 7.950
PAI $1,570.11
CLTV 76.241
MATURITY 280223
FEE 0.5000
LOAN 0000021996954
LAST_NAME MASSEY
ADDRESS 510 COLONY ACRES DRIVE
CITY CHARLOTTE
STATE NC
ZIP 282170000
MORT $50,000.00
BAL $49,942.85
RATE 8.800
PAI $395.14
CLTV 71.428
MATURITY 271224
FEE 0.5000
LOAN 0000021996970
LAST_NAME CLARK
ADDRESS 1224 78TH AVENUE NE
CITY ST PETERSBU
STATE FL
ZIP 337020000
MORT $52,800.00
BAL $52,657.93
RATE 8.800
PAI $529.27
CLTV 80.000
MATURITY 130102
FEE 0.5000
LOAN 0000021996996
LAST_NAME CLOSSEN
ADDRESS 413 SUNLIT TERRACE
CITY UTICA
STATE NY
ZIP 135020000
MORT $119,000.00
BAL $119,000.00
RATE 8.500
PAI $1,475.43
CLTV 85.000
MATURITY 80203
FEE 0.5000
LOAN 0000021997010
LAST_NAME LARSON
ADDRESS 1405 WATERVIEW DRIVE
CITY DELTONA
STATE FL
ZIP 327380000
MORT $130,000.00
BAL $129,928.85
RATE 8.990
PAI $1,045.07
CLTV 74.285
MATURITY 271224
FEE 0.5000
LOAN 0000021997028
LAST_NAME BROOKS
ADDRESS 51 VALLEY VIEW DRIVE
CITY AMHERST
STATE MA
ZIP 010020000
MORT $80,000.00
BAL $80,000.00
RATE 8.500
PAI $991.89
CLTV 66.666
MATURITY 80224
FEE 0.5000
LOAN 0000021997036
LAST_NAME DOAN
ADDRESS 135 WARWICK AVENUE
CITY ORMOND BEAC
STATE FL
ZIP 321740000
MORT $63,200.00
BAL $63,161.72
RATE 8.500
PAI $485.95
CLTV 80.000
MATURITY 280102
FEE 0.5000
LOAN 0000021997044
LAST_NAME LADUE
ADDRESS 11132 W HIDALGO AVENUE
CITY TOLLESON
STATE AZ
ZIP 853530000
MORT $80,500.00
BAL $80,428.33
RATE 9.990
PAI $705.85
CLTV 70.000
MATURITY 271223
FEE 0.5000
LOAN 0000021997143
LAST_NAME EDWARDS
ADDRESS 257 25TH STREET
CITY RIVERA BEAC
STATE FL
ZIP 334040000
MORT $48,750.00
BAL $48,726.02
RATE 9.500
PAI $409.92
CLTV 75.000
MATURITY 271219
FEE 0.5000
LOAN 0000021997168
LAST_NAME WATSON
ADDRESS 930 SHERIDAN STREET
CITY RICHMOND
STATE IN
ZIP 473740000
MORT $33,000.00
BAL $32,883.57
RATE 8.800
PAI $292.68
CLTV 75.000
MATURITY 171227
FEE 0.5000
LOAN 0000021997200
LAST_NAME CABRAL
ADDRESS 112 SEDGEWICK AVENUE
CITY STRATFORD
STATE CT
ZIP 064970000
MORT $45,000.00
BAL $45,000.00
RATE 8.250
PAI $436.56
CLTV 39.130
MATURITY 130121
FEE 0.5000
LOAN 0000021997218
LAST_NAME KILLION
ADDRESS 224 TODD ROAD
CITY WOLCOTT
STATE CT
ZIP 067160000
MORT $111,000.00
BAL $111,000.00
RATE 8.500
PAI $853.49
CLTV 66.867
MATURITY 130127
FEE 0.5000
LOAN 0000021997226
LAST_NAME HOWELL
ADDRESS 1708 E SITKA
CITY TAMPA
STATE FL
ZIP 336040000
MORT $37,500.00
BAL $37,404.43
RATE 9.400
PAI $389.32
CLTV 83.333
MATURITY 130102
FEE 0.5000
LOAN 0000021997259
LAST_NAME BUCKHEIT
ADDRESS 25 TIMBERPOINT ROAD
CITY EAST ISLIP
STATE NY
ZIP 117300000
MORT $116,800.00
BAL $116,800.00
RATE 8.990
PAI $938.96
CLTV 80.000
MATURITY 130127
FEE 0.5000
LOAN 0000021997283
LAST_NAME PIROLI
ADDRESS 31 SENTINEL HILL ROAD
CITY NORTH HAVEN
STATE CT
ZIP 064730000
MORT $84,000.00
BAL $84,000.00
RATE 8.300
PAI $817.36
CLTV 46.408
MATURITY 130201
FEE 0.5000
LOAN 0000021997317
LAST_NAME ZEIGLER
ADDRESS 1806 KEARNEY STREET NE
CITY WASHINGTON
STATE DC
ZIP 200180000
MORT $93,300.00
BAL $93,300.00
RATE 11.250
PAI $906.19
CLTV 64.791
MATURITY 130211
FEE 0.5000
LOAN 0000021997358
LAST_NAME TRENT
ADDRESS 6520 NICHOLSON ROAD
CITY WHITESBURG
STATE TN
ZIP 378910000
MORT $65,700.00
BAL $65,700.00
RATE 11.900
PAI $670.75
CLTV 90.000
MATURITY 130206
FEE 0.5000
LOAN 0000021997416
LAST_NAME HAMMER
ADDRESS 792 BARBARA DRIVE
CITY TALBOTT
STATE TN
ZIP 378770000
MORT $160,000.00
BAL $160,000.00
RATE 8.950
PAI $1,281.64
CLTV 80.000
MATURITY 130206
FEE 0.5000
LOAN 0000021997465
LAST_NAME LIVINGSTON
ADDRESS 910 MOUNT CARMEL ROAD
CITY FALKVILLE
STATE AL
ZIP 356220000
MORT $32,900.00
BAL $32,900.00
RATE 12.100
PAI $340.95
CLTV 70.000
MATURITY 130206
FEE 0.5000
LOAN 0000021997606
LAST_NAME WENGER
ADDRESS 10350 SW 74TH COURT
CITY OCALA
STATE FL
ZIP 344760000
MORT $66,000.00
BAL $65,913.56
RATE 8.750
PAI $519.22
CLTV 68.041
MATURITY 280102
FEE 0.5000
LOAN 0000021997622
LAST_NAME PAGNOTTA
ADDRESS 2231 ACAPULCO DRIVE
CITY MIRAMAR
STATE FL
ZIP 330230000
MORT $61,600.00
BAL $61,525.86
RATE 8.550
PAI $475.84
CLTV 80.000
MATURITY 271215
FEE 0.5000
LOAN 0000021997689
LAST_NAME APEL
ADDRESS 7005 BRENTWOOD DRIVE
CITY PORT RICHEY
STATE FL
ZIP 346680000
MORT $54,400.00
BAL $54,370.29
RATE 9.000
PAI $437.71
CLTV 80.000
MATURITY 280102
FEE 0.5000
LOAN 0000021997697
LAST_NAME BERNDT
ADDRESS 469 NE JUANITA COURT
CITY CAPE CORAL
STATE FL
ZIP 339900000
MORT $56,000.00
BAL $55,932.60
RATE 8.550
PAI $432.58
CLTV 74.666
MATURITY 280108
FEE 0.5000
LOAN 0000021997705
LAST_NAME BOWMAN
ADDRESS 9920 STEPHENSON DRIVE
CITY NEW PORT RI
STATE FL
ZIP 346550000
MORT $88,000.00
BAL $87,899.42
RATE 8.800
PAI $695.44
CLTV 80.000
MATURITY 271222
FEE 0.5000
LOAN 0000021997713
LAST_NAME FRANK
ADDRESS 5032 GALLANT GREEN ROAD
CITY WALDORF
STATE MD
ZIP 206010000
MORT $84,500.00
BAL $84,500.00
RATE 9.550
PAI $790.41
CLTV 70.416
MATURITY 180211
FEE 0.5000
LOAN 0000021997739
LAST_NAME HAMPTON
ADDRESS 117 WOODTOWN ROAD
CITY LEIGHTON
STATE AL
ZIP 356460000
MORT $20,000.00
BAL $20,000.00
RATE 11.250
PAI $230.47
CLTV 66.666
MATURITY 130206
FEE 0.5000
LOAN 0000021997754
LAST_NAME CONAWAY
ADDRESS 616 CRESSWELL ROAD
CITY BALTIMORE
STATE MD
ZIP 212250000
MORT $52,000.00
BAL $52,000.00
RATE 7.700
PAI $487.98
CLTV 47.272
MATURITY 130202
FEE 0.5000
LOAN 0000021997853
LAST_NAME HUDSON
ADDRESS 359 NORTH 10TH STREET
CITY MIDDLETOWN
STATE IN
ZIP 473560000
MORT $45,500.00
BAL $45,500.00
RATE 8.740
PAI $570.00
CLTV 70.000
MATURITY 80202
FEE 0.5000
LOAN 0000021997911
LAST_NAME BROWN
ADDRESS 11305 PIERSON
CITY DETROIT
STATE MI
ZIP 482280000
MORT $64,800.00
BAL $64,800.00
RATE 10.950
PAI $614.66
CLTV 90.000
MATURITY 130128
FEE 0.5000
LOAN 0000021998331
LAST_NAME KING
ADDRESS 9519 STEWART TOWN ROAD
CITY GAITHERSBUR
STATE MD
ZIP 208790000
MORT $79,000.00
BAL $79,000.00
RATE 10.250
PAI $775.50
CLTV 56.028
MATURITY 180210
FEE 0.5000
LOAN 0000021998364
LAST_NAME STUKES
ADDRESS 5137 NORTH 16TH STREET
CITY PHILADELPHI
STATE PA
ZIP 191410000
MORT $57,600.00
BAL $57,600.00
RATE 10.350
PAI $520.45
CLTV 90.000
MATURITY 130128
FEE 0.5000
LOAN 0000021998380
LAST_NAME BARNES
ADDRESS 2117 MOUNT HOLLY STREET
CITY BALTIMORE
STATE MD
ZIP 212160000
MORT $64,500.00
BAL $64,500.00
RATE 10.000
PAI $622.44
CLTV 83.766
MATURITY 180209
FEE 0.5000
LOAN 0000021998406
LAST_NAME MOORE
ADDRESS 618 OAKHURST ROAD
CITY MAMARONECK
STATE NY
ZIP 105430000
MORT $404,000.00
BAL $404,000.00
RATE 8.500
PAI $3,106.42
CLTV 76.226
MATURITY 280211
FEE 0.5000
LOAN 0000021998448
LAST_NAME GREEN
ADDRESS 1216 DECATUR STREET N.W.
CITY WASHINGTON
STATE DC
ZIP 200110000
MORT $116,000.00
BAL $116,000.00
RATE 9.250
PAI $1,062.41
CLTV 76.315
MATURITY 180205
FEE 0.5000
LOAN 0000021998455
LAST_NAME SAYRES
ADDRESS 319 EAST COLLEGE AVENUE
CITY YORK
STATE PA
ZIP 174030000
MORT $49,500.00
BAL $49,500.00
RATE 9.690
PAI $423.11
CLTV 90.000
MATURITY 130209
FEE 0.5000
LOAN 0000021998471
LAST_NAME POWERS
ADDRESS 6814 TEMPLE HILLS ROAD
CITY TEMPLE HILL
STATE MD
ZIP 207480000
MORT $81,000.00
BAL $81,000.00
RATE 9.900
PAI $704.85
CLTV 60.000
MATURITY 130204
FEE 0.5000
LOAN 0000021998562
LAST_NAME ALLEN
ADDRESS 823 COX AVENUE
CITY HYATTSVILLE
STATE MD
ZIP 207830000
MORT $106,250.00
BAL $106,250.00
RATE 8.900
PAI $847.28
CLTV 85.000
MATURITY 130204
FEE 0.5000
LOAN 0000021998588
LAST_NAME SBOROS
ADDRESS 243 OLD ZOAR ROAD
CITY MONROE
STATE CT
ZIP 064680000
MORT $34,200.00
BAL $34,200.00
RATE 9.990
PAI $367.31
CLTV 80.002
MATURITY 130127
FEE 0.5000
LOAN 0000021999792
LAST_NAME EDMOND
ADDRESS 6612 BUCKHORN DRIVE
CITY SACRAMENTO
STATE CA
ZIP 958420000
MORT $117,900.00
BAL $117,900.00
RATE 9.650
PAI $1,004.30
CLTV 90.000
MATURITY 130202
FEE 0.5000
LOAN 0000021999834
LAST_NAME HRINDICH III
ADDRESS 310 MOSS ROAD
CITY WINTER SPRI
STATE FL
ZIP 327080000
MORT $76,000.00
BAL $76,000.00
RATE 8.990
PAI $683.31
CLTV 80.000
MATURITY 180203
FEE 0.5000
LOAN 0000021999875
LAST_NAME HUNTER
ADDRESS 11560 SUNSET BOULEVARD
CITY PINCKNEY
STATE MI
ZIP 481690000
MORT $126,000.00
BAL $126,000.00
RATE 10.350
PAI $1,138.47
CLTV 90.000
MATURITY 130127
FEE 0.5000
LOAN 0000021999883
LAST_NAME DEVER
ADDRESS 133 GULLIVER STREET
CITY MILTON
STATE MA
ZIP 021860000
MORT $91,200.00
BAL $91,200.00
RATE 7.950
PAI $666.02
CLTV 57.000
MATURITY 130224
FEE 0.5000
LOAN 0000021999891
LAST_NAME DELERME
ADDRESS 1013 N BAY STREET
CITY TAMPA
STATE FL
ZIP 336030000
MORT $51,200.00
BAL $51,018.55
RATE 8.750
PAI $452.46
CLTV 77.575
MATURITY 171215
FEE 0.5000
LOAN 0000021999941
LAST_NAME MATES
ADDRESS 1631 12TH FAIRWAY
CITY WELLINGTON
STATE FL
ZIP 334140000
MORT $117,600.00
BAL $117,465.59
RATE 8.800
PAI $929.36
CLTV 80.000
MATURITY 271212
FEE 0.5000
LOAN 0000022000038
LAST_NAME BENJAMIN
ADDRESS 102 MAYFAIR LANE
CITY OAK RIDGE
STATE TN
ZIP 378300000
MORT $56,800.00
BAL $56,728.05
RATE 8.300
PAI $428.72
CLTV 75.733
MATURITY 271210
FEE 0.5000
LOAN 0000022000046
LAST_NAME HOWELL
ADDRESS 3732 NE 28 COURT
CITY OCALA
STATE FL
ZIP 344790000
MORT $61,600.00
BAL $61,535.88
RATE 9.250
PAI $506.77
CLTV 80.000
MATURITY 271210
FEE 0.5000
LOAN 0000022000079
LAST_NAME WASHINGTON
ADDRESS 3316 BROADWAY STREET
CITY PORTSMOUTH
STATE VA
ZIP 237030000
MORT $31,000.00
BAL $31,000.00
RATE 9.630
PAI $326.15
CLTV 73.809
MATURITY 130202
FEE 0.5000
LOAN 0000022000103
LAST_NAME APPLEGATE
ADDRESS 1053 OAKDALE
CITY MANSFIELD
STATE OH
ZIP 449050000
MORT $72,000.00
BAL $71,917.70
RATE 8.800
PAI $569.00
CLTV 80.000
MATURITY 271203
FEE 0.5000
LOAN 0000022000277
LAST_NAME OWENS
ADDRESS 6913 BUHRLEY TERRACE NORT
CITY ST PETERSBU
STATE FL
ZIP 337090000
MORT $73,950.00
BAL $73,910.85
RATE 9.150
PAI $603.02
CLTV 85.000
MATURITY 280102
FEE 0.5000
LOAN 0000022000921
LAST_NAME SWETAVAGE
ADDRESS 12392 14TH LANE NORTH
CITY LARGO
STATE FL
ZIP 337740000
MORT $80,000.00
BAL $79,278.25
RATE 8.750
PAI $629.36
CLTV 61.538
MATURITY 271222
FEE 0.5000
LOAN 0000022001085
LAST_NAME JADOTTE
ADDRESS 2000 NW 175TH STREET
CITY MIAMI
STATE FL
ZIP 330560000
MORT $76,000.00
BAL $75,958.49
RATE 9.000
PAI $611.51
CLTV 80.000
MATURITY 271219
FEE 0.5000
LOAN 0000022001549
LAST_NAME JOHNSON
ADDRESS 1451 GIRARD STREET NW
CITY WASHINGTON
STATE DC
ZIP 200090000
MORT $112,500.00
BAL $112,500.00
RATE 8.750
PAI $994.17
CLTV 79.225
MATURITY 180213
FEE 0.5000
LOAN 0000022001648
LAST_NAME PEMBERTON
ADDRESS 2907 10TH STREET N.E.
CITY WASHINGTON
STATE DC
ZIP 200170000
MORT $122,400.00
BAL $122,400.00
RATE 9.750
PAI $1,051.60
CLTV 90.000
MATURITY 280217
FEE 0.5000
LOAN 0000022002414
LAST_NAME CLARK
ADDRESS 556 KING STREET
CITY GARY
STATE IN
ZIP 464060000
MORT $23,000.00
BAL $23,000.00
RATE 8.950
PAI $232.60
CLTV 57.500
MATURITY 130108
FEE 0.5000
LOAN 0000022002554
LAST_NAME PHIPPS
ADDRESS 3016 WISHON ROAD
CITY YADKINVILLE
STATE NC
ZIP 270550000
MORT $38,675.00
BAL $38,630.74
RATE 11.100
PAI $401.84
CLTV 85.000
MATURITY 180121
FEE 0.5000
LOAN 0000022002588
LAST_NAME SELBY
ADDRESS 121 LAVISTA DRIVE
CITY HENDERSONVI
STATE TN
ZIP 370750000
MORT $104,000.00
BAL $104,000.00
RATE 8.150
PAI $813.06
CLTV 80.000
MATURITY 230121
FEE 0.5000
LOAN 0000022002596
LAST_NAME GILBERT
ADDRESS 184 MARLER ROAD
CITY GRAY COURT
STATE SC
ZIP 296450000
MORT $67,500.00
BAL $67,500.00
RATE 10.990
PAI $642.31
CLTV 90.000
MATURITY 280120
FEE 0.5000
LOAN 0000022002604
LAST_NAME HOLCOMB
ADDRESS 334 MAPLE STREET
CITY HOPE
STATE IN
ZIP 472460000
MORT $74,250.00
BAL $74,250.00
RATE 9.950
PAI $714.08
CLTV 90.000
MATURITY 180203
FEE 0.5000
LOAN 0000022002612
LAST_NAME ANDERS
ADDRESS 1380 BAUER ROAD
CITY SOMERVILLE
STATE OH
ZIP 450640000
MORT $62,600.00
BAL $62,433.06
RATE 8.900
PAI $631.22
CLTV 73.647
MATURITY 130126
FEE 0.5000
LOAN 0000022002752
LAST_NAME MONTOOTH
ADDRESS 2997 TENABO AVENUE
CITY COLUMBUS
STATE OH
ZIP 432310000
MORT $92,400.00
BAL $92,400.00
RATE 8.950
PAI $740.15
CLTV 80.000
MATURITY 130215
FEE 0.5000
LOAN 0000022002778
LAST_NAME O'DELL
ADDRESS 822 ROSS AVENUE
CITY HAMILTON
STATE OH
ZIP 450130000
MORT $67,200.00
BAL $67,200.00
RATE 8.650
PAI $589.58
CLTV 80.000
MATURITY 180203
FEE 0.5000
LOAN 0000022003040
LAST_NAME CLARK
ADDRESS 32928 75TH STREET
CITY BURLINGTON
STATE WI
ZIP 531050000
MORT $108,000.00
BAL $108,000.00
RATE 8.500
PAI $830.43
CLTV 80.000
MATURITY 130203
FEE 0.5000
LOAN 0000022003065
LAST_NAME MOSER
ADDRESS 6007 WESTHAVEN LANE
CITY TRINITY
STATE NC
ZIP 273700000
MORT $94,400.00
BAL $94,348.96
RATE 9.050
PAI $762.97
CLTV 80.000
MATURITY 130121
FEE 0.5000
LOAN 0000022003396
LAST_NAME HUTCHINSON
ADDRESS 5459 ARLINGTON
CITY ST. LOUIS
STATE MO
ZIP 631200000
MORT $34,100.00
BAL $34,100.00
RATE 10.850
PAI $384.38
CLTV 73.333
MATURITY 130220
FEE 0.5000
LOAN 0000022003438
LAST_NAME CONKLIN
ADDRESS 24375 STATE ROUTE 47W
CITY WEST MANSFI
STATE OH
ZIP 433580000
MORT $91,800.00
BAL $91,752.40
RATE 9.250
PAI $755.22
CLTV 85.000
MATURITY 130109
FEE 0.5000
LOAN 0000022003446
LAST_NAME CULVER
ADDRESS 119 PETERS LANE
CITY MIDDLEFIELD
STATE CT
ZIP 064810000
MORT $33,500.00
BAL $33,500.00
RATE 8.850
PAI $421.65
CLTV 47.477
MATURITY 80223
FEE 0.5000
LOAN 0000022003545
LAST_NAME FLOYD
ADDRESS 1506 5TH STREET NE
CITY CANTON
STATE OH
ZIP 447040000
MORT $21,800.00
BAL $21,800.00
RATE 8.600
PAI $448.32
CLTV 61.408
MATURITY 30123
FEE 0.5000
LOAN 0000022003578
LAST_NAME LYONS
ADDRESS 6076 ROYAL OAK DRIVE
CITY COLUMBUS
STATE OH
ZIP 432290000
MORT $58,500.00
BAL $58,500.00
RATE 11.250
PAI $568.19
CLTV 73.125
MATURITY 280122
FEE 0.5000
LOAN 0000022003602
LAST_NAME WILBURN
ADDRESS 13992- 94 MONT AVENUE
CITY CLEVELAND
STATE OH
ZIP 441180000
MORT $88,000.00
BAL $88,000.00
RATE 8.990
PAI $707.44
CLTV 76.521
MATURITY 130127
FEE 0.5000
LOAN 0000022003735
LAST_NAME BOLEN JR.
ADDRESS 4309 D C DRIVE
CITY CONCORD
STATE NC
ZIP 280250000
MORT $54,000.00
BAL $53,985.83
RATE 12.390
PAI $571.72
CLTV 90.000
MATURITY 271229
FEE 0.5000
LOAN 0000022003925
LAST_NAME SMITH
ADDRESS 3356 ARDISIA ROAD
CITY JACKSONVILL
STATE FL
ZIP 322090000
MORT $45,000.00
BAL $44,962.02
RATE 10.240
PAI $402.91
CLTV 90.000
MATURITY 271202
FEE 0.5000
LOAN 0000022003966
LAST_NAME AVERY
ADDRESS 214 E 5TH STREET
CITY MAYSVILLE
STATE KY
ZIP 410560000
MORT $45,500.00
BAL $45,448.01
RATE 8.800
PAI $359.57
CLTV 79.545
MATURITY 271204
FEE 0.5000
LOAN 0000022003982
LAST_NAME GREENE
ADDRESS 216 5TH ST
CITY JUPITER
STATE FL
ZIP 334580000
MORT $56,000.00
BAL $55,967.00
RATE 9.150
PAI $456.65
CLTV 80.000
MATURITY 271222
FEE 0.5000
LOAN 0000022004014
LAST_NAME CASTO
ADDRESS 106 W 27TH STREET
CITY SANFORD
STATE FL
ZIP 327730000
MORT $42,000.00
BAL $41,980.41
RATE 9.750
PAI $360.84
CLTV 63.636
MATURITY 280102
FEE 0.5000
LOAN 0000022004089
LAST_NAME SALA
ADDRESS 10319 CEDARHURST AVENUE
CITY ORLANDO
STATE FL
ZIP 328250000
MORT $74,700.00
BAL $74,607.71
RATE 10.490
PAI $745.29
CLTV 90.000
MATURITY 180102
FEE 0.5000
LOAN 0000022004097
LAST_NAME CASTO
ADDRESS 61 7TH AVENUE S.W.
CITY PATASKALA
STATE OH
ZIP 430620000
MORT $71,100.00
BAL $71,100.00
RATE 9.950
PAI $621.33
CLTV 90.000
MATURITY 130126
FEE 0.5000
LOAN 0000022004196
LAST_NAME MOLLENHOUR
ADDRESS 22763 FIRWOOD LANE
CITY ELKHART
STATE IN
ZIP 465140000
MORT $26,000.00
BAL $26,000.00
RATE 8.500
PAI $256.04
CLTV 38.235
MATURITY 130114
FEE 0.5000
LOAN 0000022004204
LAST_NAME BOGGESS
ADDRESS 1429 LASHLEY STREET
CITY LONGMONT
STATE CO
ZIP 805010000
MORT $88,000.00
BAL $87,532.73
RATE 8.990
PAI $892.03
CLTV 67.692
MATURITY 121216
FEE 0.5000
LOAN 0000022004238
LAST_NAME WHITE
ADDRESS 4808 OLD CATAWBA ROAD
CITY CLAREMONT
STATE NC
ZIP 286090000
MORT $50,000.00
BAL $49,942.85
RATE 8.800
PAI $395.14
CLTV 80.000
MATURITY 271220
FEE 0.5000
LOAN 0000022004295
LAST_NAME ZACHARY
ADDRESS 15035 LITTLE RANCH ROAD
CITY BROOKSVILLE
STATE FL
ZIP 346100000
MORT $46,400.00
BAL $46,148.75
RATE 10.990
PAI $527.09
CLTV 80.000
MATURITY 121224
FEE 0.5000
LOAN 0000022004345
LAST_NAME GAMBRELL
ADDRESS 1006 KINGSLEY DRIVE
CITY COLORADO S
STATE CO
ZIP 809090000
MORT $45,000.00
BAL $44,876.18
RATE 8.550
PAI $444.45
CLTV 52.941
MATURITY 121223
FEE 0.5000
LOAN 0000022004485
LAST_NAME FULCO
ADDRESS 7234 VIENNA LANE
CITY PORT RICHEY
STATE FL
ZIP 346680000
MORT $48,000.00
BAL $47,972.38
RATE 8.750
PAI $377.62
CLTV 68.571
MATURITY 280110
FEE 0.5000
LOAN 0000022004535
LAST_NAME BLACK
ADDRESS 10512 N CANYON ROAD
CITY CHARLOTTE
STATE NC
ZIP 282140000
MORT $93,600.00
BAL $93,546.70
RATE 8.800
PAI $739.70
CLTV 80.000
MATURITY 271220
FEE 0.5000
LOAN 0000022004691
LAST_NAME LANCASTER
ADDRESS 3409 FOREST HILL AVENUE
CITY ROANOKE
STATE VA
ZIP 240120000
MORT $57,600.00
BAL $57,600.00
RATE 8.650
PAI $572.29
CLTV 80.000
MATURITY 130121
FEE 0.5000
LOAN 0000022004881
LAST_NAME LANE
ADDRESS 5205 S ROBERT SCOTT DRIVE
CITY JACKSONVILL
STATE FL
ZIP 322070000
MORT $64,800.00
BAL $64,774.19
RATE 10.490
PAI $592.27
CLTV 90.000
MATURITY 280102
FEE 0.5000
LOAN 0000022004949
LAST_NAME ZAWACKI
ADDRESS 5860 91ST AVENUE NORTH
CITY PINELLAS PA
STATE FL
ZIP 337820000
MORT $61,000.00
BAL $60,697.71
RATE 9.150
PAI $497.42
CLTV 82.432
MATURITY 271224
FEE 0.5000
LOAN 0000022005029
LAST_NAME WHITE
ADDRESS 4456 GUILFORD
CITY INDIANAPOLI
STATE IN
ZIP 462050000
MORT $36,500.00
BAL $36,500.00
RATE 8.700
PAI $285.85
CLTV 70.192
MATURITY 280201
FEE 0.5000
LOAN 0000022005045
LAST_NAME WOLHAR
ADDRESS 4127 LEEDS DRIVE
CITY CHARLOTTE
STATE NC
ZIP 282050000
MORT $46,850.00
BAL $46,850.00
RATE 7.850
PAI $443.68
CLTV 41.830
MATURITY 130206
FEE 0.5000
LOAN 0000022005078
LAST_NAME CARROLL
ADDRESS 23 CHARLES STREET
CITY MONTGOMERY
STATE NY
ZIP 125490000
MORT $90,000.00
BAL $90,000.00
RATE 8.500
PAI $692.02
CLTV 66.666
MATURITY 280205
FEE 0.5000
LOAN 0000022005219
LAST_NAME HARRELL
ADDRESS 379 RIDGEWAY AVENUE
CITY BROOKLYN
STATE NY
ZIP 112080000
MORT $120,000.00
BAL $120,000.00
RATE 8.550
PAI $1,185.21
CLTV 64.864
MATURITY 130206
FEE 0.5000
LOAN 0000022005276
LAST_NAME HAUSBERGER
ADDRESS 280 KENNY ROAD
CITY DRY RIDGE
STATE KY
ZIP 410350000
MORT $114,750.00
BAL $114,750.00
RATE 11.050
PAI $1,097.13
CLTV 85.000
MATURITY 130203
FEE 0.5000
LOAN 0000022005375
LAST_NAME SCHWARTZ
ADDRESS 425 NEWTOWN TURNPIKE
CITY REDDING
STATE CT
ZIP 068960000
MORT $264,000.00
BAL $264,000.00
RATE 7.990
PAI $1,935.30
CLTV 73.333
MATURITY 280217
FEE 0.5000
LOAN 0000022005458
LAST_NAME BAKER
ADDRESS 310 N BROADWAY
CITY SWEETSER
STATE IN
ZIP 469870000
MORT $54,400.00
BAL $54,400.00
RATE 8.500
PAI $418.29
CLTV 80.000
MATURITY 130122
FEE 0.5000
LOAN 0000022005532
LAST_NAME LATTA
ADDRESS 8508 INDIAN SUMMER TRAIL
CITY HARRISBURG
STATE NC
ZIP 280750000
MORT $90,800.00
BAL $90,663.18
RATE 8.950
PAI $814.04
CLTV 80.000
MATURITY 180106
FEE 0.5000
LOAN 0000022005557
LAST_NAME OUTLAND
ADDRESS 821 ROBINSON STREET
CITY MARION
STATE OH
ZIP 433020000
MORT $56,750.00
BAL $56,750.00
RATE 8.990
PAI $510.23
CLTV 77.739
MATURITY 180201
FEE 0.5000
LOAN 0000022005664
LAST_NAME MOSS
ADDRESS 1036 SPRING DRIVE
CITY GASTONIA
STATE NC
ZIP 280520000
MORT $70,000.00
BAL $70,000.00
RATE 9.400
PAI $726.74
CLTV 72.916
MATURITY 130202
FEE 0.5000
LOAN 0000022005698
LAST_NAME MILLS
ADDRESS 5550 CRESTFIELD SW
CITY CANTON
STATE OH
ZIP 447060000
MORT $66,000.00
BAL $65,901.05
RATE 8.990
PAI $593.40
CLTV 68.041
MATURITY 180112
FEE 0.5000
LOAN 0000022005722
LAST_NAME MEIER
ADDRESS 4900 BETHOLM DRIVE
CITY INDIANAPOLI
STATE IN
ZIP 462390000
MORT $57,500.00
BAL $57,500.00
RATE 8.500
PAI $442.13
CLTV 67.647
MATURITY 130126
FEE 0.5000
LOAN 0000022005789
LAST_NAME EYNON
ADDRESS 408 RAY AVENUE NE
CITY NEW PHILADE
STATE OH
ZIP 446630000
MORT $50,000.00
BAL $50,000.00
RATE 8.950
PAI $448.26
CLTV 58.139
MATURITY 180213
FEE 0.5000
LOAN 0000022005920
LAST_NAME DECKARD
ADDRESS RR 4 BOX 277 E
CITY BLOOMFIELD
STATE IN
ZIP 474240000
MORT $69,600.00
BAL $69,600.00
RATE 8.950
PAI $581.70
CLTV 80.000
MATURITY 230201
FEE 0.5000
LOAN 0000022006043
LAST_NAME STEEBER
ADDRESS 1108 NORTH AVENUE
CITY ROCKFORD
STATE IL
ZIP 611030000
MORT $57,000.00
BAL $56,721.58
RATE 9.990
PAI $752.94
CLTV 69.512
MATURITY 80126
FEE 0.5000
LOAN 0000022006050
LAST_NAME MORELAND
ADDRESS 23025 MAYFIELD ST.
CITY FARMINGTON
STATE MI
ZIP 483360000
MORT $105,600.00
BAL $105,600.00
RATE 8.550
PAI $919.77
CLTV 70.872
MATURITY 180204
FEE 0.5000
LOAN 0000022006076
LAST_NAME STROH
ADDRESS 637 E. ROCKY HILL RD.
CITY SPARKS
STATE MD
ZIP 211520000
MORT $22,400.00
BAL $22,400.00
RATE 10.500
PAI $223.64
CLTV 83.728
MATURITY 180206
FEE 0.5000
LOAN 0000022006092
LAST_NAME JONES
ADDRESS 9516 DEVONSHIRE BOULEVARD
CITY JACKSONVILL
STATE FL
ZIP 322080000
MORT $27,300.00
BAL $27,234.07
RATE 9.999
PAI $293.20
CLTV 52.000
MATURITY 130121
FEE 0.5000
LOAN 0000022006100
LAST_NAME ILCH
ADDRESS 4001 STANKER LANE
CITY GODFREY
STATE IL
ZIP 620350000
MORT $51,000.00
BAL $50,736.30
RATE 8.990
PAI $645.77
CLTV 69.387
MATURITY 80128
FEE 0.5000
LOAN 0000022006118
LAST_NAME WITHERSPOON
ADDRESS 1826 24TH STREET
CITY PORT HURON
STATE MI
ZIP 480600000
MORT $58,600.00
BAL $58,567.92
RATE 8.990
PAI $471.09
CLTV 76.103
MATURITY 130121
FEE 0.5000
LOAN 0000022006126
LAST_NAME WALLER
ADDRESS 613 W. PARK LANE
CITY PLAINFIELD
STATE IL
ZIP 605440000
MORT $100,500.00
BAL $100,500.00
RATE 9.990
PAI $969.18
CLTV 79.133
MATURITY 180209
FEE 0.5000
LOAN 0000022006134
LAST_NAME ALLEN
ADDRESS 72 ROUTE 146
CITY MECHANICVIL
STATE NY
ZIP 121180000
MORT $104,900.00
BAL $104,900.00
RATE 9.990
PAI $1,011.61
CLTV 82.598
MATURITY 180127
FEE 0.5000
LOAN 0000022006142
LAST_NAME KAREEM
ADDRESS 1530 C. MORRIS CAIN PLACE
CITY ATLANTIC CI
STATE NJ
ZIP 084010000
MORT $18,600.00
BAL $18,600.00
RATE 9.750
PAI $243.23
CLTV 43.255
MATURITY 80212
FEE 0.5000
LOAN 0000022006159
LAST_NAME RYAN
ADDRESS 88 MARYLAND AVENUE
CITY LONG BEACH
STATE NY
ZIP 115610000
MORT $55,000.00
BAL $55,000.00
RATE 10.500
PAI $549.11
CLTV 79.979
MATURITY 180202
FEE 0.5000
LOAN 0000022006167
LAST_NAME GIBSON, SR.
ADDRESS 1217 N. DOUGLAS STREET
CITY PEORIA
STATE IL
ZIP 616060000
MORT $50,000.00
BAL $50,000.00
RATE 10.990
PAI $515.75
CLTV 84.745
MATURITY 180210
FEE 0.5000
LOAN 0000022006175
LAST_NAME WHITEHEAD
ADDRESS 8310 S. KERFOOT
CITY CHICAGO
STATE IL
ZIP 606200000
MORT $61,600.00
BAL $61,600.00
RATE 11.000
PAI $586.63
CLTV 80.000
MATURITY 130123
FEE 0.5000
LOAN 0000022006266
LAST_NAME GAUSEPOHL
ADDRESS 9 THETA COURT
CITY ERLANGER
STATE KY
ZIP 410180000
MORT $67,500.00
BAL $67,500.00
RATE 9.100
PAI $547.99
CLTV 79.411
MATURITY 280202
FEE 0.5000
LOAN 0000022006290
LAST_NAME TONEY
ADDRESS 111 WOODSIDE PKWY
CITY WEST COLUMB
STATE SC
ZIP 291700000
MORT $68,800.00
BAL $68,800.00
RATE 9.100
PAI $558.54
CLTV 80.000
MATURITY 130128
FEE 0.5000
LOAN 0000022006365
LAST_NAME CURRY
ADDRESS 20007 WICKFIELD AVENUE
CITY WARRENSVILL
STATE OH
ZIP 441280000
MORT $68,800.00
BAL $68,800.00
RATE 8.090
PAI $509.16
CLTV 80.000
MATURITY 280116
FEE 0.5000
LOAN 0000022006407
LAST_NAME ENGLAND-RUFF
ADDRESS 1107 13TH STREET NW
CITY CONOVER
STATE NC
ZIP 286130000
MORT $13,714.00
BAL $13,714.00
RATE 8.990
PAI $173.65
CLTV 22.048
MATURITY 80120
FEE 0.5000
LOAN 0000022006464
LAST_NAME ESKELDSON
ADDRESS 218 LONGFELLOW DRIVE
CITY COLORADO SP
STATE CO
ZIP 809100000
MORT $18,800.00
BAL $18,706.90
RATE 9.750
PAI $245.85
CLTV 77.012
MATURITY 80112
FEE 0.5000
LOAN 0000022006480
LAST_NAME SCOFIELD
ADDRESS 1022 OAKLAND ST.
CITY SOUTH BEND
STATE IN
ZIP 466150000
MORT $19,600.00
BAL $19,600.00
RATE 9.990
PAI $258.91
CLTV 40.412
MATURITY 80213
FEE 0.5000
LOAN 0000022006548
LAST_NAME PREDICO
ADDRESS 1539 HIBBARD DRIVE
CITY STOW
STATE OH
ZIP 442240000
MORT $89,600.00
BAL $89,600.00
RATE 8.740
PAI $791.24
CLTV 80.000
MATURITY 180127
FEE 0.5000
LOAN 0000022006571
LAST_NAME NELSON
ADDRESS 310 RADISSON ROAD
CITY MARQUETTE H
STATE IL
ZIP 615540000
MORT $14,400.00
BAL $14,400.00
RATE 11.990
PAI $206.51
CLTV 71.471
MATURITY 80127
FEE 0.5000
LOAN 0000022006795
LAST_NAME SCHOLLAR
ADDRESS 8478 CATHERWOOD DR.
CITY GOODRICH
STATE MI
ZIP 484380000
MORT $32,600.00
BAL $32,600.00
RATE 9.990
PAI $430.63
CLTV 70.231
MATURITY 80123
FEE 0.5000
LOAN 0000022006829
LAST_NAME MCAFEE, JR.
ADDRESS 12 WESTGATE RD.
CITY FRAMINGHAM
STATE MA
ZIP 017010000
MORT $119,600.00
BAL $119,600.00
RATE 9.500
PAI $1,114.83
CLTV 79.816
MATURITY 180126
FEE 0.5000
LOAN 0000022006860
LAST_NAME KEELE
ADDRESS 7 WISTERIA LANE
CITY TOWNSHIP OF
STATE NJ
ZIP 086900000
MORT $116,000.00
BAL $115,825.69
RATE 8.950
PAI $1,039.95
CLTV 80.000
MATURITY 180115
FEE 0.5000
LOAN 0000022006886
LAST_NAME MEYER
ADDRESS 75 NEWPORT RD.
CITY ISLAND PARK
STATE NY
ZIP 115580000
MORT $40,000.00
BAL $39,793.18
RATE 8.990
PAI $506.49
CLTV 31.746
MATURITY 80114
FEE 0.5000
LOAN 0000022006944
LAST_NAME WOOD
ADDRESS 1856 SCHUSTER ST.
CITY JOILET
STATE IL
ZIP 604330000
MORT $31,300.00
BAL $31,300.00
RATE 10.500
PAI $422.35
CLTV 84.333
MATURITY 80126
FEE 0.5000
LOAN 0000022006985
LAST_NAME HOLYCROSS
ADDRESS 2001 BEVERLY PLACE
CITY SOUTH BEND
STATE IN
ZIP 466160000
MORT $18,000.00
BAL $18,000.00
RATE 8.990
PAI $227.92
CLTV 30.000
MATURITY 80211
FEE 0.5000
LOAN 0000022007017
LAST_NAME SILVA
ADDRESS 3527 W 64TH PL
CITY CHICAGO
STATE IL
ZIP 606290000
MORT $72,000.00
BAL $72,000.00
RATE 9.750
PAI $682.94
CLTV 64.285
MATURITY 180123
FEE 0.5000
LOAN 0000022007058
LAST_NAME KRIEGEL
ADDRESS 2 MARY ST
CITY SO.BRUNSWIC
STATE NJ
ZIP 088520000
MORT $76,800.00
BAL $76,702.10
RATE 10.250
PAI $753.90
CLTV 80.000
MATURITY 180201
FEE 0.5000
LOAN 0000022007116
LAST_NAME CAMDEN
ADDRESS 605 E. REELY
CITY CREAL SPRIN
STATE IL
ZIP 629220000
MORT $50,400.00
BAL $50,400.00
RATE 9.500
PAI $469.79
CLTV 80.000
MATURITY 180206
FEE 0.5000
LOAN 0000022007132
LAST_NAME WHITE
ADDRESS 2571 RABBITT RUN
CITY HOLCOMB
STATE NY
ZIP 144690000
MORT $118,600.00
BAL $118,167.35
RATE 9.990
PAI $1,039.92
CLTV 79.066
MATURITY 130116
FEE 0.5000
LOAN 0000022007140
LAST_NAME ABRAHAM
ADDRESS 5840 ROUTE 5 AND 20
CITY CANANDAIGUA
STATE NY
ZIP 144240000
MORT $66,400.00
BAL $66,400.00
RATE 8.990
PAI $596.99
CLTV 80.000
MATURITY 180202
FEE 0.5000
LOAN 0000022007199
LAST_NAME NELSON
ADDRESS 108 CHERRY LANE
CITY MEDFORD
STATE NY
ZIP 117630000
MORT $98,800.00
BAL $98,800.00
RATE 8.250
PAI $958.50
CLTV 80.000
MATURITY 130213
FEE 0.5000
LOAN 0000022007249
LAST_NAME PORTER
ADDRESS 742 STELTON STREET
CITY TEANECK
STATE NJ
ZIP 076660000
MORT $96,700.00
BAL $96,254.11
RATE 10.990
PAI $1,331.50
CLTV 79.627
MATURITY 80127
FEE 0.5000
LOAN 0000022007264
LAST_NAME GAGE
ADDRESS 2148 KUHRT ROAD
CITY FORESTVILLE
STATE NY
ZIP 140620000
MORT $45,000.00
BAL $45,000.00
RATE 8.250
PAI $551.94
CLTV 71.428
MATURITY 80213
FEE 0.5000
LOAN 0000022007306
LAST_NAME GOENS
ADDRESS 118 RAINTREE WAY
CITY WILLIAMSBUR
STATE VA
ZIP 231880000
MORT $16,600.00
BAL $16,518.27
RATE 9.850
PAI $217.99
CLTV 57.633
MATURITY 80116
FEE 0.5000
LOAN 0000022007314
LAST_NAME ALLEN
ADDRESS 6355 SAVANAH WAY
CITY COLORADO SP
STATE CO
ZIP 809190000
MORT $161,000.00
BAL $160,898.38
RATE 8.300
PAI $1,215.20
CLTV 77.777
MATURITY 271217
FEE 0.5000
LOAN 0000022007322
LAST_NAME CASTILLO
ADDRESS 1055 N CHICKASAW TRAIL
CITY ORLANDO
STATE FL
ZIP 328250000
MORT $74,000.00
BAL $74,000.00
RATE 8.990
PAI $750.12
CLTV 52.857
MATURITY 130216
FEE 0.5000
LOAN 0000022007348
LAST_NAME MARTINEZ
ADDRESS 9 ARLINGTON ROAD
CITY HOWELL
STATE NJ
ZIP 077310000
MORT $23,700.00
BAL $23,700.00
RATE 9.650
PAI $249.63
CLTV 79.821
MATURITY 130203
FEE 0.5000
LOAN 0000022007355
LAST_NAME YOUNGS
ADDRESS 130 OGDEN STREET
CITY PENN YAN
STATE NY
ZIP 145270000
MORT $10,600.00
BAL $10,600.00
RATE 10.990
PAI $109.34
CLTV 79.980
MATURITY 180216
FEE 0.5000
LOAN 0000022007363
LAST_NAME WEAVER
ADDRESS 647 BEAHAN RD.
CITY ROCHESTER
STATE NY
ZIP 146240000
MORT $60,000.00
BAL $59,901.26
RATE 8.250
PAI $511.24
CLTV 75.000
MATURITY 180121
FEE 0.5000
LOAN 0000022007371
LAST_NAME SHERMAN
ADDRESS 256 CAROLINE STREET
CITY NEW BEDFORD
STATE MA
ZIP 027400000
MORT $80,000.00
BAL $80,000.00
RATE 8.990
PAI $719.27
CLTV 77.669
MATURITY 180120
FEE 0.5000
LOAN 0000022007405
LAST_NAME SHARP
ADDRESS 408 WEATHERBY AVENUE
CITY BOROUGH OF
STATE NJ
ZIP 080850000
MORT $31,500.00
BAL $31,500.00
RATE 8.500
PAI $390.55
CLTV 43.150
MATURITY 80127
FEE 0.5000
LOAN 0000022007413
LAST_NAME MANFREDO
ADDRESS 59 EDSON STREET
CITY BUFFALO
STATE NY
ZIP 142100000
MORT $51,000.00
BAL $51,000.00
RATE 9.550
PAI $477.05
CLTV 66.233
MATURITY 180109
FEE 0.5000
LOAN 0000022007421
LAST_NAME HOWARD
ADDRESS 394 PENNINGTON DRIVE
CITY WESTAMPTON
STATE NJ
ZIP 080600000
MORT $87,200.00
BAL $87,200.00
RATE 9.990
PAI $936.52
CLTV 79.272
MATURITY 130123
FEE 0.5000
LOAN 0000022007439
LAST_NAME WAGNER
ADDRESS 19 THISTLE WOOD LANE
CITY SPENCERPORT
STATE NY
ZIP 145590000
MORT $31,900.00
BAL $31,900.00
RATE 10.990
PAI $439.24
CLTV 79.573
MATURITY 80216
FEE 0.5000
LOAN 0000022007447
LAST_NAME CASEY
ADDRESS 8601 CRANBERRY CT.
CITY TINLEY PARK
STATE IL
ZIP 604770000
MORT $140,000.00
BAL $139,790.11
RATE 8.990
PAI $1,258.72
CLTV 74.468
MATURITY 180209
FEE 0.5000
LOAN 0000022007454
LAST_NAME PICCOLO
ADDRESS 151 DAVID STREET
CITY WEST HAVEN
STATE CT
ZIP 065160000
MORT $31,000.00
BAL $30,991.13
RATE 12.000
PAI $318.87
CLTV 66.522
MATURITY 130113
FEE 0.5000
LOAN 0000022007488
LAST_NAME SIMS
ADDRESS 1603 CHILDS AVENUE
CITY OGDEN
STATE UT
ZIP 844040000
MORT $49,900.00
BAL $49,900.00
RATE 8.990
PAI $448.64
CLTV 66.533
MATURITY 180203
FEE 0.5000
LOAN 0000022007496
LAST_NAME GARRAND
ADDRESS 172 CHURCH ST.
CITY MOIRA
STATE NY
ZIP 129570000
MORT $24,500.00
BAL $24,470.73
RATE 10.750
PAI $248.73
CLTV 70.000
MATURITY 180122
FEE 0.5000
LOAN 0000022007512
LAST_NAME SMITH
ADDRESS 307 N WALNUT STREET
CITY EAST ORANGE
STATE NJ
ZIP 070170000
MORT $114,750.00
BAL $114,592.91
RATE 9.700
PAI $1,084.65
CLTV 85.000
MATURITY 180116
FEE 0.5000
LOAN 0000022007538
LAST_NAME SMITH
ADDRESS 19 JAMES STREET
CITY OSSINING
STATE NY
ZIP 105620000
MORT $48,600.00
BAL $48,600.00
RATE 8.990
PAI $492.64
CLTV 30.375
MATURITY 130205
FEE 0.5000
LOAN 0000022007611
LAST_NAME MARTIN
ADDRESS 420 BROADWAY AVENUE
CITY EAST WATERT
STATE NY
ZIP 136010000
MORT $48,000.00
BAL $48,000.00
RATE 8.650
PAI $598.99
CLTV 80.000
MATURITY 80204
FEE 0.5000
LOAN 0000022007678
LAST_NAME KELSTROM
ADDRESS 3726 ECCLES STREET
CITY OGDEN
STATE UT
ZIP 844030000
MORT $43,100.00
BAL $43,100.00
RATE 10.990
PAI $593.46
CLTV 84.656
MATURITY 80202
FEE 0.5000
LOAN 0000022007777
LAST_NAME BLOTTENBERGE
ADDRESS 5 SCARBOROUGH WAY
CITY SOUTHAMPTON
STATE NJ
ZIP 080880000
MORT $60,750.00
BAL $60,750.00
RATE 8.250
PAI $517.63
CLTV 75.000
MATURITY 180204
FEE 0.5000
LOAN 0000022007785
LAST_NAME PYE
ADDRESS HC 64 BE LLAMY ROAD
CITY ALMA
STATE NY
ZIP 148950000
MORT $50,800.00
BAL $50,800.00
RATE 9.990
PAI $489.89
CLTV 73.623
MATURITY 180204
FEE 0.5000
LOAN 0000022007793
LAST_NAME COOK
ADDRESS 70 FERGUSON PLACE
CITY DALLAS
STATE GA
ZIP 301320000
MORT $56,800.00
BAL $56,800.00
RATE 10.750
PAI $774.40
CLTV 74.736
MATURITY 80201
FEE 0.5000
LOAN 0000022007801
LAST_NAME RAIRDEN
ADDRESS 4145 INGALLS STREET
CITY WHEAT RIDGE
STATE CO
ZIP 800330000
MORT $24,250.00
BAL $24,250.00
RATE 11.500
PAI $283.29
CLTV 79.875
MATURITY 130212
FEE 0.5000
LOAN 0000022007827
LAST_NAME CASS
ADDRESS 1625 2ND STREET
CITY MADISON
STATE IL
ZIP 620600000
MORT $12,700.00
BAL $12,700.00
RATE 10.990
PAI $174.87
CLTV 79.400
MATURITY 80226
FEE 0.5000
LOAN 0000022007843
LAST_NAME ALDRED
ADDRESS 812 NW PINETREE PLACE
CITY LENOIR
STATE NC
ZIP 286450000
MORT $70,400.00
BAL $70,157.82
RATE 8.800
PAI $624.38
CLTV 71.111
MATURITY 171210
FEE 0.5000
LOAN 0000022007850
LAST_NAME PAXTON
ADDRESS 126 SEMINOLE AVENUE
CITY OAKLAND
STATE NJ
ZIP 074360000
MORT $50,000.00
BAL $50,000.00
RATE 8.750
PAI $499.72
CLTV 24.390
MATURITY 130212
FEE 0.5000
LOAN 0000022007876
LAST_NAME WUNSCH
ADDRESS 32 GREENBRIER AVENUE
CITY FARMINGVILL
STATE NY
ZIP 117380000
MORT $122,000.00
BAL $122,000.00
RATE 8.500
PAI $1,201.38
CLTV 80.000
MATURITY 130213
FEE 0.5000
LOAN 0000022007892
LAST_NAME CORRADO
ADDRESS 71 NEVADA STREET
CITY HICKSVILLE
STATE NY
ZIP 118010000
MORT $41,300.00
BAL $41,096.64
RATE 9.850
PAI $542.36
CLTV 73.064
MATURITY 80112
FEE 0.5000
LOAN 0000022007942
LAST_NAME HAYES
ADDRESS 77 MIDDLE STREET
CITY BALLSTON SP
STATE NY
ZIP 120200000
MORT $45,000.00
BAL $45,000.00
RATE 9.750
PAI $476.71
CLTV 78.880
MATURITY 130128
FEE 0.5000
LOAN 0000022007975
LAST_NAME KINCAID
ADDRESS 9871 NORTH STREET
CITY HEMLOCK
STATE OH
ZIP 437300000
MORT $26,000.00
BAL $25,879.35
RATE 8.800
PAI $230.59
CLTV 72.222
MATURITY 171209
FEE 0.5000
LOAN 0000022007983
LAST_NAME SMITH
ADDRESS 1241 PLYMOUTH PLACE
CITY JACKSONVILL
STATE FL
ZIP 322050000
MORT $43,300.00
BAL $43,300.00
RATE 10.990
PAI $446.64
CLTV 69.280
MATURITY 180202
FEE 0.5000
LOAN 0000022008064
LAST_NAME HENDRICKS
ADDRESS 4946 PARIS AVENUE
CITY JACKSONVILL
STATE FL
ZIP 322090000
MORT $35,700.00
BAL $35,682.99
RATE 9.650
PAI $304.10
CLTV 81.136
MATURITY 271215
FEE 0.5000
LOAN 0000022008148
LAST_NAME WATSON
ADDRESS 4103 BELLE AVENUE
CITY BALTIMORE
STATE MD
ZIP 212150000
MORT $52,000.00
BAL $52,000.00
RATE 9.990
PAI $501.47
CLTV 63.414
MATURITY 180202
FEE 0.5000
LOAN 0000022008189
LAST_NAME SCATURRO
ADDRESS 35 VON BRUAN AVENUE
CITY STATEN ISLA
STATE NY
ZIP 103120000
MORT $131,650.00
BAL $131,650.00
RATE 9.850
PAI $1,140.76
CLTV 79.674
MATURITY 130205
FEE 0.5000
LOAN 0000022008205
LAST_NAME ARMSTRONG
ADDRESS 1729 HYW 30 EAST
CITY ATHENS
STATE TN
ZIP 373030000
MORT $108,000.00
BAL $107,857.59
RATE 9.990
PAI $1,041.51
CLTV 90.000
MATURITY 171224
FEE 0.5000
LOAN 0000022008213
LAST_NAME BIRMINGHAM
ADDRESS 3805 BARNES AVENUE
CITY BRONX
STATE NY
ZIP 104670000
MORT $70,000.00
BAL $70,000.00
RATE 8.000
PAI $668.96
CLTV 33.980
MATURITY 130201
FEE 0.5000
LOAN 0000022008221
LAST_NAME TAYLOR
ADDRESS 3328 LYNDALE AVENUE
CITY BALTIMORE
STATE MD
ZIP 212130000
MORT $34,000.00
BAL $34,000.00
RATE 8.990
PAI $273.33
CLTV 73.913
MATURITY 280214
FEE 0.5000
LOAN 0000022008270
LAST_NAME TRANSUE
ADDRESS 2836 SIX GUN DRIVE
CITY GAINSVILLE
STATE GA
ZIP 305070000
MORT $69,120.00
BAL $69,120.00
RATE 12.450
PAI $735.01
CLTV 90.000
MATURITY 130202
FEE 0.5000
LOAN 0000022008296
LAST_NAME FITZGERALD
ADDRESS 320 PEABODY STREET NW
CITY WASHINGTON
STATE DC
ZIP 200110000
MORT $103,000.00
BAL $103,000.00
RATE 8.750
PAI $810.31
CLTV 71.034
MATURITY 280219
FEE 0.5000
LOAN 0000022008320
LAST_NAME YOUNG
ADDRESS 5421 BLAIR ROAD N.E.
CITY WASHINGTON
STATE DC
ZIP 200110000
MORT $102,000.00
BAL $102,000.00
RATE 8.990
PAI $819.99
CLTV 75.555
MATURITY 130211
FEE 0.5000
LOAN 0000022008361
LAST_NAME HOWK
ADDRESS 189 BLUEBIRD ROAD
CITY SOUTH GLENS
STATE NY
ZIP 128030000
MORT $60,750.00
BAL $60,750.00
RATE 9.500
PAI $566.27
CLTV 75.000
MATURITY 180128
FEE 0.5000
LOAN 0000022008395
LAST_NAME HANEY
ADDRESS 500 PARK AVENUE
CITY MECHANICVIL
STATE NY
ZIP 121180000
MORT $27,000.00
BAL $27,000.00
RATE 8.500
PAI $334.76
CLTV 30.681
MATURITY 80202
FEE 0.5000
LOAN 0000022008437
LAST_NAME FOOTE
ADDRESS 1111 LYNDHURST STREET
CITY BALTIMORE
STATE MD
ZIP 212290000
MORT $40,000.00
BAL $40,000.00
RATE 8.990
PAI $405.47
CLTV 68.965
MATURITY 130205
FEE 0.5000
LOAN 0000022008445
LAST_NAME HAIGHT
ADDRESS 7651 COW ROAD
CITY APPLETON
STATE NY
ZIP 140080000
MORT $32,000.00
BAL $32,000.00
RATE 8.000
PAI $267.66
CLTV 49.612
MATURITY 180201
FEE 0.5000
LOAN 0000022008478
LAST_NAME LIGON
ADDRESS 105 APPLE STREET
CITY BOROUGH OF
STATE NJ
ZIP 077240000
MORT $78,000.00
BAL $78,000.00
RATE 10.400
PAI $773.50
CLTV 84.782
MATURITY 180201
FEE 0.5000
LOAN 0000022008486
LAST_NAME WEDZINA
ADDRESS 131 ELKHART STREET
CITY LACKAWANNA
STATE NY
ZIP 142180000
MORT $30,200.00
BAL $30,200.00
RATE 8.999
PAI $306.13
CLTV 60.400
MATURITY 130205
FEE 0.5000
LOAN 0000022008494
LAST_NAME WHEELER
ADDRESS 1615 SHADYSIDE ROAD
CITY BALTIMORE
STATE MD
ZIP 212180000
MORT $61,600.00
BAL $61,600.00
RATE 8.950
PAI $622.96
CLTV 80.000
MATURITY 130217
FEE 0.5000
LOAN 0000022008528
LAST_NAME JOHNSON
ADDRESS 815 DECATUR STREET NW
CITY WASHINGTON
STATE DC
ZIP 200110000
MORT $102,000.00
BAL $102,000.00
RATE 8.500
PAI $784.30
CLTV 80.000
MATURITY 280221
FEE 0.5000
LOAN 0000022008585
LAST_NAME MASTERSON
ADDRESS 111 E PALM ROAD
CITY WILDWOOD CR
STATE NJ
ZIP 082600000
MORT $24,000.00
BAL $23,941.29
RATE 9.850
PAI $255.71
CLTV 62.530
MATURITY 130120
FEE 0.5000
LOAN 0000022008593
LAST_NAME WILLIAMS
ADDRESS 9716 HALE DRIVE
CITY CLINTON
STATE MD
ZIP 207350000
MORT $112,000.00
BAL $112,000.00
RATE 8.950
PAI $897.16
CLTV 70.000
MATURITY 280205
FEE 0.5000
LOAN 0000022008601
LAST_NAME STEIG
ADDRESS 961 EAST BEAMISH ROAD
CITY MIDLAND
STATE MI
ZIP 486420000
MORT $42,800.00
BAL $42,800.00
RATE 13.750
PAI $498.67
CLTV 50.352
MATURITY 130202
FEE 0.5000
LOAN 0000022008684
LAST_NAME CUTHBERTSON
ADDRESS 3600 CYPRES POND ROAD
CITY CHARLOTTE
STATE NC
ZIP 282690000
MORT $51,200.00
BAL $51,190.99
RATE 14.150
PAI $612.74
CLTV 80.000
MATURITY 130112
FEE 0.5000
LOAN 0000022008700
LAST_NAME MAURITSON
ADDRESS 2850 S BROOKSIDE DRIVE
CITY BLOOMINGTON
STATE IN
ZIP 474010000
MORT $21,800.00
BAL $21,699.48
RATE 10.990
PAI $300.17
CLTV 79.538
MATURITY 80126
FEE 0.5000
LOAN 0000022008726
LAST_NAME ALFIERE
ADDRESS 1951 EAST FALLS ST.
CITY NIAGARA FAL
STATE NY
ZIP 143030000
MORT $25,400.00
BAL $25,400.00
RATE 10.750
PAI $257.87
CLTV 76.969
MATURITY 180205
FEE 0.5000
LOAN 0000022008742
LAST_NAME MILLER, JR.
ADDRESS 11603 BEL AIR RD.
CITY KINGSVILLE
STATE MD
ZIP 210870000
MORT $106,250.00
BAL $106,250.00
RATE 8.290
PAI $907.99
CLTV 85.000
MATURITY 180218
FEE 0.5000
LOAN 0000022008759
LAST_NAME PALMACCIO
ADDRESS 52 MCKINLEY PLACE
CITY MASSAPEQUA
STATE NY
ZIP 117580000
MORT $28,200.00
BAL $28,200.00
RATE 8.250
PAI $345.88
CLTV 14.100
MATURITY 80202
FEE 0.5000
LOAN 0000022008767
LAST_NAME LEE
ADDRESS 3140 W DOUGLAS BLVD
CITY CHICAGO
STATE IL
ZIP 606230000
MORT $156,260.00
BAL $156,189.38
RATE 9.900
PAI $1,359.76
CLTV 66.211
MATURITY 130201
FEE 0.5000
LOAN 0000022008791
LAST_NAME SLOCUM
ADDRESS 17011 LAKESHORE ROAD
CITY KENDALL
STATE NY
ZIP 144760000
MORT $31,700.00
BAL $31,665.73
RATE 11.500
PAI $338.06
CLTV 84.642
MATURITY 180226
FEE 0.5000
LOAN 0000022008809
LAST_NAME FALCIONE
ADDRESS 5672 SIXTH ST.
CITY PITTSBURGH
STATE PA
ZIP 152360000
MORT $67,500.00
BAL $67,500.00
RATE 7.790
PAI $485.45
CLTV 75.000
MATURITY 130217
FEE 0.5000
LOAN 0000022008833
LAST_NAME WAVRA
ADDRESS 5869 NORTH GLEN RD.
CITY CINCINNATI
STATE OH
ZIP 452480000
MORT $78,300.00
BAL $78,300.00
RATE 10.250
PAI $701.65
CLTV 90.000
MATURITY 130220
FEE 0.5000
LOAN 0000022008858
LAST_NAME GRIPENTROG
ADDRESS 142 EAST AVENUE
CITY WEST BEND
STATE WI
ZIP 530950000
MORT $100,800.00
BAL $100,800.00
RATE 9.990
PAI $972.08
CLTV 90.000
MATURITY 180220
FEE 0.5000
LOAN 0000022008908
LAST_NAME PEREZ
ADDRESS 511 W OCCOTILLO AVENUE
CITY AJO
STATE AZ
ZIP 853210000
MORT $42,500.00
BAL $42,493.33
RATE 14.650
PAI $525.52
CLTV 85.000
MATURITY 130115
FEE 0.5000
LOAN 0000022008916
LAST_NAME CHARLES
ADDRESS 150 WILLIAMS BLUFF CIRCLE
CITY ROSWELL
STATE GA
ZIP 300750000
MORT $72,200.00
BAL $72,200.00
RATE 9.500
PAI $753.93
CLTV 84.670
MATURITY 130202
FEE 0.5000
LOAN 0000022008924
LAST_NAME LAMBERT
ADDRESS 815 OAK STREET
CITY SAGINAW
STATE MI
ZIP 486020000
MORT $56,800.00
BAL $56,788.06
RATE 13.370
PAI $644.79
CLTV 80.000
MATURITY 130114
FEE 0.5000
LOAN 0000022008932
LAST_NAME LYONS
ADDRESS 2 PARMENTER ROAD
CITY FRAMINGHAM
STATE MA
ZIP 017010000
MORT $145,000.00
BAL $145,000.00
RATE 10.250
PAI $1,423.38
CLTV 83.840
MATURITY 180213
FEE 0.5000
LOAN 0000022008940
LAST_NAME CALHOUN
ADDRESS 5628 WEST STREET JOSEPH H
CITY LANSING
STATE MI
ZIP 489170000
MORT $119,000.00
BAL $118,959.18
RATE 11.200
PAI $1,151.29
CLTV 85.000
MATURITY 130106
FEE 0.5000
LOAN 0000022008957
LAST_NAME ALGER
ADDRESS 11 GAYLE STREET
CITY WOBURN
STATE MA
ZIP 018010000
MORT $142,000.00
BAL $142,000.00
RATE 9.250
PAI $1,300.53
CLTV 77.173
MATURITY 180126
FEE 0.5000
LOAN 0000022008973
LAST_NAME WORDEN
ADDRESS 1213 CLIMAX STREET
CITY LANSING
STATE MI
ZIP 489120000
MORT $40,500.00
BAL $40,491.24
RATE 13.370
PAI $459.76
CLTV 75.000
MATURITY 121224
FEE 0.5000
LOAN 0000022008981
LAST_NAME NORTON
ADDRESS 3778 S. ARMORIDGE DR.
CITY MAGNA
STATE UT
ZIP 840440000
MORT $30,600.00
BAL $30,600.00
RATE 9.990
PAI $295.09
CLTV 76.064
MATURITY 180128
FEE 0.5000
LOAN 0000022008999
LAST_NAME PANOSKI
ADDRESS 765 SWAGGERTOWN ROAD
CITY SCOTIA
STATE NY
ZIP 123020000
MORT $90,500.00
BAL $90,500.00
RATE 8.990
PAI $917.37
CLTV 76.694
MATURITY 130123
FEE 0.5000
LOAN 0000022009013
LAST_NAME FARRIS
ADDRESS 49 SCOUT HILL RD.
CITY MAHOPAC
STATE NY
ZIP 105410000
MORT $116,900.00
BAL $116,843.10
RATE 9.550
PAI $987.23
CLTV 53.136
MATURITY 130120
FEE 0.5000
LOAN 0000022009021
LAST_NAME CAMPBELL
ADDRESS 3967 ARDMORE AVENUE
CITY CINCINNATI
STATE OH
ZIP 452290000
MORT $77,399.00
BAL $77,379.06
RATE 12.250
PAI $811.07
CLTV 89.998
MATURITY 130202
FEE 0.5000
LOAN 0000022009039
LAST_NAME GRIMALDI
ADDRESS 57 JOHNSON ROAD
CITY MECHANICVIL
STATE NY
ZIP 121180000
MORT $85,400.00
BAL $85,400.00
RATE 9.250
PAI $782.15
CLTV 71.166
MATURITY 180212
FEE 0.5000
LOAN 0000022009047
LAST_NAME BUCELATO
ADDRESS 4837 PURCELL RD.
CITY HEMLOCK
STATE NY
ZIP 144660000
MORT $12,800.00
BAL $12,800.00
RATE 10.500
PAI $172.72
CLTV 82.898
MATURITY 80201
FEE 0.5000
LOAN 0000022009062
LAST_NAME RIVERA
ADDRESS 319 WENTWORTH STREET
CITY LEXINGTON
STATE MO
ZIP 640670000
MORT $18,200.00
BAL $18,197.03
RATE 13.650
PAI $210.62
CLTV 70.000
MATURITY 130202
FEE 0.5000
LOAN 0000022009070
LAST_NAME BRAUNBACH
ADDRESS 14615 DENSMORE ST.
CITY ALBION
STATE NY
ZIP 144110000
MORT $120,000.00
BAL $120,000.00
RATE 8.990
PAI $1,519.46
CLTV 75.000
MATURITY 80202
FEE 0.5000
LOAN 0000022009088
LAST_NAME SEECHARAN
ADDRESS 454 PROSPECT AVENUE
CITY CENTRAL ISL
STATE NY
ZIP 117220000
MORT $97,500.00
BAL $97,500.00
RATE 8.750
PAI $974.48
CLTV 75.000
MATURITY 130226
FEE 0.5000
LOAN 0000022009096
LAST_NAME MATTINA
ADDRESS 21 S. MERRICK RD.
CITY MASSAPEQUA
STATE NY
ZIP 117580000
MORT $94,500.00
BAL $94,500.00
RATE 9.990
PAI $1,248.30
CLTV 56.448
MATURITY 80201
FEE 0.5000
LOAN 0000022009104
LAST_NAME SENEAR
ADDRESS 214 -216 MADISON AVENUE
CITY HORNELL
STATE NY
ZIP 148430000
MORT $37,400.00
BAL $37,400.00
RATE 10.500
PAI $373.39
CLTV 85.000
MATURITY 180209
FEE 0.5000
LOAN 0000022009161
LAST_NAME CHENEY
ADDRESS 330 FIRST AVENUE
CITY STRATFORD
STATE CT
ZIP 064970000
MORT $120,000.00
BAL $120,000.00
RATE 8.750
PAI $944.04
CLTV 80.000
MATURITY 130225
FEE 0.5000
LOAN 0000022009302
LAST_NAME TOEN
ADDRESS 8610 W RUE DES PRAIRIES P
CITY CRYSTAL RIV
STATE FL
ZIP 344280000
MORT $101,150.00
BAL $100,891.56
RATE 9.150
PAI $824.82
CLTV 85.000
MATURITY 271217
FEE 0.5000
LOAN 0000022009351
LAST_NAME DEMIAN
ADDRESS 213 OLD TOWN ROAD
CITY EAST SETAUK
STATE NY
ZIP 117330000
MORT $77,200.00
BAL $77,200.00
RATE 10.500
PAI $770.75
CLTV 84.993
MATURITY 180201
FEE 0.5000
LOAN 0000022009393
LAST_NAME SAUNDERS
ADDRESS 5610 GOODWAY DRIVE
CITY MURRAY
STATE UT
ZIP 841230000
MORT $57,500.00
BAL $57,500.00
RATE 8.990
PAI $583.87
CLTV 53.240
MATURITY 130123
FEE 0.5000
LOAN 0000022009401
LAST_NAME BATTISTI
ADDRESS 22 PROSPECT STREET
CITY FULTONVILLE
STATE NY
ZIP 120720000
MORT $39,700.00
BAL $39,700.00
RATE 8.000
PAI $332.07
CLTV 74.905
MATURITY 180202
FEE 0.5000
LOAN 0000022009443
LAST_NAME DAY
ADDRESS 22 WEST WOOD DRIVE
CITY ORLEANS
STATE MA
ZIP 026530000
MORT $51,800.00
BAL $51,800.00
RATE 9.990
PAI $499.54
CLTV 79.766
MATURITY 180203
FEE 0.5000
LOAN 0000022009641
LAST_NAME COLLINS
ADDRESS 1405 US HIGHWAY 50
CITY MILFORD
STATE OH
ZIP 451500000
MORT $50,000.00
BAL $50,000.00
RATE 8.950
PAI $400.52
CLTV 65.789
MATURITY 280209
FEE 0.5000
LOAN 2262
LAST_NAME
ADDRESS
CITY
STATE
ZIP
MORT
BAL $154,857,894.46
RATE
PAI $1,444,913.43
CLTV
MATURITY
FEE
<PAGE>
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
----------------, ------
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
Home Equity Loan Pass-Through Certificates,
Series 1998-HE1
Pursuant to the Pooling and Servicing Agreement dated
as of March 1, 1998 (the "Agreement") between GE Capital Mortgage
Services, Inc. (the "Company"), and The First National Bank of
Chicago (the "Trustee"), governing the Certificates referred to
above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the
Determination Date for this month:
A. Mortgage Loan Information:
(1) Aggregate Monthly Payments
Due:
(a) Principal $________
(b) Interest $________
(c) Total $________
(2) Aggregate Monthly Payments
received and Monthly
Advances made this Month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(3) Aggregate Principal Prepayments
in part received on Self-
Amortizing Mortgage Loans and
applied in the applicable Prepayment
Period:
(a) Principal $________
(b) Interest $________
(c) Total $________
<PAGE>
(4) Aggregate Principal Prepayments
in full received in the
applicable Prepayment Period:
(a) Principal $________
(b) Interest $________
(c) Total $________
(5) Aggregate Insurance Proceeds
(including purchases of Mortgage
Loans by primary mortgage
insurers) for prior month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(6) Aggregate Liquidation Proceeds
for prior month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(7) Aggregate Purchase Prices for
Defaulted Mortgage Loans:
(a) Principal $________
(b) Interest $________
(c) Total $________
(8) Aggregate Purchase Prices
(and substitution adjustments)
for Defective Mortgage Loans:
(a) Principal $________
(b) Interest $________
(c) Total $________
(9) Pool Principal Balance: $________
(10) Available Funds: $________
(a) Available Interest Funds $________
(b) Available Principal Funds $________
(11) Realized Losses for
prior month: $________
2
<PAGE>
(12) Aggregate Realized
Losses: $________
(a) Deficient Valuations $________
(b) Special Hazard
Losses $________
(c) Fraud Losses $________
(d) Excess Bankruptcy
Losses $________
(e) Excess Special
Hazard Losses $________
(f) Excess Fraud
Losses $________
(13) Compensating Interest
Payment: $________
(14) Net Simple Interest
Shortfall: $________
(15) Net Simple Interest
Excess: $________
(16) Simple Interest Shortfall
Payment: $________
(17) Unpaid Net Simple Interest
Shortfall:
Class A1 $________
Class A2 $________
Class A3 $________
Class A4 $________
Class A5 $________
Class A6 $________
Class A7 $________
Class S $________
Class M $________
Class B1 $________
Class B2 $________
Class B3 $________
Class B4 $________
Class B5 $________
(18) Class Certificate Interest
Rate of:
Class M ________%
Class B1 ________%
3
<PAGE>
Class B2 ________%
Class B3 ________%
Class B4 ________%
Class B5 ________%
Class S ________%
(19) Accrued Certificate Interest
and Pay-out Rate:
Class A1 $__________ ____%
Class A2 $__________ ____%
Class A3 $__________ ____%
Class A4 $__________ ____%
Class A5 $__________ ____%
Class A6 $__________ ____%
Class A7 $__________ ____%
Class S $__________ ____%
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
(20) Principal distributable:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R1 $__________
Class R2 $__________
(21) Additional distributions to
the Class R1 Certificate
pursuant to Section 2.05(d): $__________
(22) Additional distributions to
the Class R2 Certificate
pursuant to Section 4.01(c): $__________
4
<PAGE>
B. Other Amounts:
1. Senior Percentage for such
Distribution Date: _____________%
2. Senior Prepayment Percentage
for such Distribution Date: _____________%
3. Junior Percentage
for such Distribution Date: _____________%
4. Junior Prepayment Percentage
for such Distribution Date: _____________%
5. Subordinate Certificate
Writedown Amount for
such Distribution Date: $_____________
6. Prepayment Distribution
Trigger satisfied: Yes No
--- ---
Class B1
Class B2
Class B3
Class B4
Class B5
Capitalized terms used in this Certificate shall have the same
meanings as in the Agreement.
5
<PAGE>
EXHIBIT E
FORM OF TRANSFER CERTIFICATE AS TO ERISA MATTERS FOR
DEFINITIVE ERISA-RESTRICTED CERTIFICATES
The First National Bank of Chicago
One First National Plaza
Suite 0126
Chicago, Illinois 60670-0126
[NAME OF OFFICER] ______________________ hereby certifies
that:
1. That he [she] is [title of officer] _________________ of
[name of Investor] _______________________________________ (the
"Investor"), a ________________________ [description of type of
entity] duly organized and existing under the laws of the [State
of ____________] [United States], on behalf of which he [she]
makes this affidavit.
2. The Investor is not, and on ________________ [insert
date of transfer of Certificate to Investor] will not be, and on
such date will not be investing the funds of, an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Code or (ii) is an insurance company investing assets of its
general account and the exemptions provided by Section III(a) of
Department of Labor Prohibited Transaction Class Exemption 95-60,
60 Fed. Reg. 35925 (July 12, 1995) (the "Exemptions") apply to
the Investor's acquisition and holding or any ERISA-Restricted
Certificate.
3. The Investor hereby acknowledges that under the terms of
the Pooling and Servicing Agreement (the "Agreement") between The
First National Bank of Chicago, as Trustee and GE Capital
Mortgage Services, Inc., dated as of March 1, 1998, no transfer
of any ERISA-Restricted Certificate shall be permitted to be made
to any person unless the Trustee has received (i) a certificate
from such transferee to the effect that such transferee is not an
employee benefit plan subject to ERISA or a plan subject to
Section 4975 of the Code (a "Plan") and is not using the assets
of any such employee benefit or other plan to acquire any such
Certificate or (y) such transferee is an insurance company
investing assets of its general account and the Exemptions apply
to such transferee's acquisition and holding of any such
Certificate or (ii) an opinion of counsel satisfactory to the
<PAGE>
Trustee to the effect that the purchase and holding of any such
Certificate will not constitute or result in the assets of the
Trust Fund created by the Agreement being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 of the Code and will not subject the
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement (provided, however, that the Trustee
will not require such certificate or opinion in the event that,
as a result of change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of any such Certificate by a Plan or a
Person that is purchasing or holding any such Certificate with
the assets of a Plan will not constitute or result in a
prohibited transaction under ERISA or Section 4975 of the Code).
[4. The ERISA-Restricted Certificates shall be registered
in the name of ______________________________________________ as
nominee for the Investor.]
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] __________________ and
its corporate seal to be hereunder attached, attested by its
[Assistant] Secretary, this ____ day of _________, 199_.
____________________________
[name of Investor]
By:_________________________
Name:
Title:
The undersigned hereby
acknowledges that it is holding
and will hold the ERISA-Restricted
Certificates at the exclusive
direction of and as nominee of
the Investor named above.
[name of nominee]
By:____________________________
Name:
Title:
2
<PAGE>
EXHIBIT F
RESIDUAL CERTIFICATE TRANSFEREE AFFIDAVIT
STATE OF )
) ss.:
COUNTY OF )
[NAME OF OFFICER], _________________ being first duly
sworn, deposes and says:
1. That he [she] is [title of officer] ___________
_____________ of [name of Purchaser] ________________________
_________________ (the "Purchaser"), a _______________________
[description of type of entity] duly organized and existing under
the laws of the [State of __________] [United States], on behalf
of which he [she] makes this affidavit.
2. That the Purchaser's Taxpayer Identification Number
is [ ].
3. That the Purchaser is not a "disqualified
organization" within the meaning of Section 860E(e)(5) of the
Internal Revenue Code of 1986, as amended (the "Code") and will
not be a "disqualified organization" as of [date of transfer],
and that the Purchaser is not acquiring a Residual Certificate
(as defined below) for the account of, or as agent (including a
broker, nominee, or other middleman) for, any person or entity
from which it has not received an affidavit substantially in the
form of this affidavit. For these purposes, a "disqualified
organization" means the United States, any state or political
subdivision thereof, any foreign government, any international
organization, any agency or instrumentality of any of the
foregoing (other than an instrumentality if all of its activities
are subject to tax and a majority of its board of directors is
not selected by such governmental entity), any cooperative
organization furnishing electric energy or providing telephone
service to persons in rural areas as described in Code Section
1381(a)(2)(C), or any organization (other than a farmers'
cooperative described in Code Section 521) that is exempt from
federal income tax unless such organization is subject to the tax
on unrelated business income imposed by Code Section 511. As used
herein, "Residual Certificate" means any Certificate designated
as a "Class R1 Certificate" or a "Class R2 Certificate" of GE
Capital Mortgage Services, Inc.'s Home Equity Loan Pass-Through
Certificates, Series 1998-HE1.
<PAGE>
4. That the Purchaser is not, and on __________
[insert date of transfer of Residual Certificate to Purchaser]
will not be, and is not and on such date will not be investing
the assets of, an employee benefit plan subject to the Employee
Retirement Income Security Act of 1974, as amended ("ERISA"), or
a plan subject to Code Section 4975 or a person or entity that is
using the assets of any employee benefit plan or other plan to
acquire a Residual Certificate.
5. That the Purchaser hereby acknowledges that under
the terms of the Pooling and Servicing Agreement (the
"Agreement") between The First National Bank of Chicago, as
Trustee, and GE Capital Mortgage Services, Inc. dated as of March
1, 1998, no transfer of the Residual Certificates shall be
permitted to be made to any person unless the Trustee has
received a certificate from such transferee to the effect that
such transferee is not an employee benefit plan subject to ERISA
or a plan subject to Section 4975 of the Code and is not using
the assets of any employee benefit plan or other plan to acquire
Residual Certificates.
6. That the Purchaser does not hold REMIC residual
securities as nominee to facilitate the clearance and settlement
of such securities through electronic book-entry changes in
accounts of participating organizations (such entity, a "Book-
Entry Nominee").
7. That the Purchaser does not have the intention to
impede the assessment or collection of any federal, state or
local taxes legally required to be paid with respect to such
Residual Certificate.
8. That the Purchaser will not transfer a Residual
Certificate to any person or entity (i) as to which the Purchaser
has actual knowledge that the requirements set forth in paragraph
3, paragraph 6 or paragraph 10 hereof are not satisfied or that
the Purchaser has reason to believe does not satisfy the
requirements set forth in paragraph 7 hereof, and (ii) without
obtaining from the prospective Purchaser an affidavit
substantially in this form and providing to the Trustee a written
statement substantially in the form of Exhibit G to the
Agreement.
9. That the Purchaser understands that, as the holder
of a Residual Certificate, the Purchaser may incur tax
liabilities in excess of any cash flows generated by the interest
and that it intends to pay taxes associated with holding such
Residual Certificate as they become due.
2
<PAGE>
10. That the Purchaser (i) is not a Non-U.S. Person or
(ii) is a Non-U.S. Person that holds a Residual Certificate in
connection with the conduct of a trade or business within the
United States and has furnished the transferor and the Trustee
with an effective Internal Revenue Service Form 4224 or successor
form at the time and in the manner required by the Code or (iii)
is a Non-U.S. Person that has delivered to both the transferor
and the Trustee an opinion of a nationally recognized tax counsel
to the effect that the transfer of such Residual Certificate to
it is in accordance with the requirements of the Code and the
regulations promulgated thereunder and that such transfer of a
Residual Certificate will not be disregarded for federal income
tax purposes. "Non-U.S. Person" means an individual, corporation,
partnership or other person other than a citizen or resident of
the United States, a corporation, partnership or other entity
created or organized in or under the laws of the United States or
any political subdivision thereof, or an estate or trust that is
subject to U.S. federal income tax regardless of the source of
its income.
11. That the Purchaser agrees to such amendments of
the Pooling and Servicing Agreement as may be required to further
effectuate the restrictions on transfer of any Residual
Certificate to such a "disqualified organization," an agent
thereof, a Book-Entry Nominee, or a person that does not satisfy
the requirements of paragraph 7 and paragraph 10 hereof.
12. That the Purchaser consents to the designation of
the Company as its agent to act as "tax matters person" of the
Lower Tier REMIC or the Upper Tier REMIC, as applicable, pursuant
to the Pooling and Servicing Agreement.
3
<PAGE>
IN WITNESS WHEREOF, the Purchaser has caused this
instrument to be executed on its behalf, pursuant to authority of
its Board of Directors, by its [title of officer] this _____ day
of __________, 19__.
_________________________________
[name of Purchaser]
By:______________________________
Name:
Title:
Personally appeared before me the above-named [name of
officer] ________________, known or proved to me to be the same
person who executed the foregoing instrument and to be the [title
of officer] _________________ of the Purchaser, and acknowledged
to me that he [she] executed the same as his [her] free act and
deed and the free act and deed of the Purchaser.
Subscribed and sworn before me this _____ day of
__________, 19__.
NOTARY PUBLIC
______________________________
COUNTY OF_____________________
STATE OF______________________
My commission expires the _____ day of __________, 19__.
4
<PAGE>
EXHIBIT G
LETTER FROM TRANSFEROR OF RESIDUAL CERTIFICATE
__________________
Date
The First National Bank of Chicago
One First National Plaza
Suite 0126
Chicago, Illinois 60670-0126
Re: GE Capital Mortgage Services, Inc.
Home Equity Loan Pass-Through
Certificates, Series 1998-HE1
__________________________________
Ladies and Gentlemen:
_______________________ (the "Transferor") has
reviewed the attached affidavit of _____________________________
(the "Transferee"), and has no actual knowledge that such
affidavit is not true and has no reason to believe that the
information contained in paragraph 7 thereof is not true, and has
no reason to believe that the Transferee has the intention to
impede the assessment or collection of any federal, state or
local taxes legally required to be paid with respect to a
Residual Certificate. In addition, the Transferor has conducted a
reasonable investigation at the time of the transfer and found
that the Transferee had historically paid its debts as they came
due and found no significant evidence to indicate that the
Transferee will not continue to pay its debts as they become due.
Very truly yours,
_______________________________
Name:
Title:
<PAGE>
EXHIBIT H
ADDITIONAL SERVICER COMPENSATION
QUALIFIED ADMINISTRATIVE EXPENSES
Assumption Fees Determined on a Case-by-
Case Basis
Late Charges Per Loan Documents
Appraisal/Inspection Fees Reasonable and Customary
Charges
Partial Release Fees $0
Easements $0
Insufficient Funds Charges $0
Document Requests
(copies of loan file documents,
additional pay-off quotations,
amortization schedules, payment
histories) $0
Modification Fees $0
Prepayment Premiums Per Loan Documents
<PAGE>
EXHIBIT I
FORM OF INVESTMENT LETTER FOR
DEFINITIVE RESTRICTED CERTIFICATES
____________________
Date
The First National Bank of Chicago
One First National Plaza
Suite 0126
Chicago, Illinois 60670-0126
Re: GE Capital Mortgage Services, Inc.
Home Equity Loan Pass-Through
Certificates, Series 1998-HE1
__________________________________
Ladies and Gentlemen:
1. The undersigned, a [title of officer] _______________ of
[name of Investor] _________________________________________ (the
"Investor"), a ____________________________ [description of type
of entity] duly organized and existing under the laws of the
[State of __________________] [United States], hereby certifies
as follows:
2. The Investor hereby acknowledges that under the terms of
the Pooling and Servicing Agreement between The First National
Bank of Chicago, as Trustee, and GE Capital Mortgage Services,
Inc. (the "Company"), dated as of March 1, 1998 (the
"Agreement"), no transfer of a Restricted Certificate may be made
unless such transfer is exempt from the registration requirements
of the Securities Act of 1933, as amended (the "Securities Act"),
and any applicable state securities laws, or is made in
accordance with the Securities Act and such laws.
3. The Investor understands that (a) the Restricted
Certificates have not been and will not be registered or
qualified under the Securities Act, or the securities laws of any
state, (b) neither the Company nor the Trustee is required, and
neither intends, to so register or qualify the Restricted
Certificates, (c) the Restricted Certificates cannot be resold
unless (i) they are registered and qualified under the Securities
<PAGE>
Act and the applicable state securities laws or (ii) such sale is
exempt from the requirements of the Securities Act, (d) the
Agreement contains restrictions regarding the transfer of the
Restricted Certificates and (e) the Restricted Certificates will
bear a legend to the foregoing effect.
4. The Investor is acquiring the Restricted Certificates
for its own account for investment only and not with a view to or
for sale or other transfer in connection with any distribution of
the Restricted Certificates in any manner that would violate the
Securities Act or any applicable state securities laws.
5. The investor (a) is 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 Restricted Certificates,
such that it is capable of evaluating the merits and risks of
investment in the Restricted Certificates, (b) is able to bear
the economic risks of such an investment and (c) is an
"accredited investor" within the meaning of Rule 501(a)(1), (2),
(3) or (7) promulgated pursuant to the Securities Act.
6. The Investor will not authorize nor has it authorized
any person to (a) offer, pledge, sell, dispose of or otherwise
transfer any Restricted Certificate, any interest in any
Restricted Certificate or any other similar security to any
person in any manner, (b) solicit any offer to buy or to accept a
pledge, disposition or other transfer of any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security from any person in any manner, (c)
otherwise approach or negotiate with respect to any Restricted
Certificate, any interest in any Restricted 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 would
constitute a distribution of any Restricted Certificate under the
Securities Act, that would render the disposition of any
Restricted Certificate a violation of Section 5 of the Securities
Act or any state securities law, or that could require
registration or qualification pursuant thereto. Neither the
Investor nor anyone acting on its behalf has offered the
Restricted Certificates for sale or made any general solicitation
by means of general advertising or in any other manner with
respect to the Restricted Certificates. The Investor will not
sell or otherwise transfer any of the Restricted Certificates,
except in compliance with the provisions of the Agreement.
2
<PAGE>
7. If an Investor in a Restricted Certificate sells or
otherwise transfers any such Certificate to a transferee other
than a "qualified institutional buyer" under Rule 144A of the
Securities Act, such Investor will obtain (a) from any subsequent
purchaser the same certifications, representations, warranties
and covenants contained in the foregoing paragraphs and in this
paragraph or (b) an opinion of counsel in form and substance
satisfactory to the Trustee pursuant to the Agreement.
8. The Investor hereby indemnifies the Trustee and the
Company against any liability that may result if the Investor's
transfer of a Restricted Certificate (or any portion thereof) is
not exempt from the registration requirements of the Securities
Act and any applicable state securities laws or is not made in
accordance with such federal and state laws. Such indemnification
of the Trustee and the Company shall survive the termination of
the Agreement.
[9. The Restricted Certificates shall be registered in the
name of _____________________________ as nominee for the
Investor.]
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 __________, 19__.
_________________________________
[name of Investor]
By:______________________________
Name:
Title:
The undersigned hereby acknowledges that it is holding and
will hold the Restricted Certificates at the exclusive direction
of and as nominee of the Investor named above.
_____________________________
[name of nominee]
By:__________________________
Name:
Title:
3
<PAGE>
EXHIBIT J
FORM OF DISTRIBUTION DATE STATEMENT
_____________, _______
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
Home Equity Loan Pass-Through Certificates,
Series 1998-HE1
Pursuant to the Pooling and Servicing Agreement dated
as of March 1, 1998 (the "Agreement") between GE Capital Mortgage
Services, Inc. (the "Company"), and The First National Bank of
Chicago (the "Trustee"), governing the Certificates referred to
above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the
Determination Date for this month:
The amounts below are for a Single Certificate of
$1,000:
(1) Amount of distribution
allocable to principal:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R1 $__________
Class R2 $__________
<PAGE>
(2) Aggregate principal prepayments
included in distribution:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R1 $__________
Class R2 $__________
(3) Amount of distribution
allocable to interest;
Pay-out Rate:
Class A1 $__________ ____%
Class A2 $__________ ____%
Class A3 $__________ ____%
Class A4 $__________ ____%
Class A5 $__________ ____%
Class A6 $__________ ____%
Class A7 $__________ ____%
Class S $__________ ____%
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
(4) Amount of distribution
allocable to Unanticipated
Recoveries:
Class A1 $__________ ____%
Class A2 $__________ ____%
Class A3 $__________ ____%
Class A4 $__________ ____%
Class A5 $__________ ____%
Class A6 $__________ ____%
2
<PAGE>
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
Class R1 $__________ ____%
Class R2 $__________ ____%
(5) Servicing Compensation: $__________
The amounts below are for the aggregate of all
Certificates:
(6) Pool Principal Balance;
number of Mortgage
Loans: $__________
__________
(7) Class Certificate Principal
Balance (or Notional principal Balance)
of each Class; Certificate Principal Balance
(or Notional Principal Balance) of
Single Certificate of each Class:
Single
Certificate
Class Class Balance Balance
Class A1 $__________ $__________
Class A2 $__________ $__________
Class A3 $__________ $__________
Class A4 $__________ $__________
Class A5 $__________ $__________
Class A6 $__________ $__________
Class A7 $__________ $__________
Class M $__________ $__________
Class S $__________ $__________
Class B1 $__________ $__________
Class B2 $__________ $__________
Class B3 $__________ $__________
Class B4 $__________ $__________
Class B5 $__________ $__________
Class R1 $__________ $__________
Class R2 $__________ $__________
(8) Book value of real
estate acquired on
behalf of Certificate-
3
<PAGE>
holders; number of
related Mortgage Loans:
$___________ $__________
___________ __________
(9) Aggregate Scheduled Principal
Balance and number of
delinquent Mortgage Loans:
one payment delinquent $___________ ___________
two payments delinquent $___________ ___________
three or more payments
delinquent $___________ ___________
In foreclosure $___________ ___________
(10) Aggregate Scheduled
Principal Balance and
number of replaced
Mortgage Loans: $__________
__________
(11) Unpaid Net Simple Interest
Shortfall:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class S $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
(12) Class Certificate Interest
Rate of:
Class M ___________%
Class B1 ___________%
Class B2 ___________%
Class B3 ___________%
Class B4 ___________%
Class B5 ___________%
Class S ___________%
4
<PAGE>
(13) Senior Percentage for such
Distribution Date: __________%
(14) Senior Prepayment Percentage
for such Distribution Date: __________%
(15) Junior Percentage for
such Distribution Date: __________%
(16) Junior Prepayment Percentage
for such Distribution Date: __________%
Capitalized terms used in this Statement shall have the same
meanings as in the Agreement.
5
<PAGE>
EXHIBIT K
FORM OF SPECIAL SERVICING
AND COLLATERAL FUND AGREEMENT
This SPECIAL SERVICING AND COLLATERAL FUND AGREEMENT (the
"Agreement") is made and entered into as of ____________________,
199_, between GE Capital Mortgage Services, Inc. (the "Company")
and _____________________________ (the "Purchaser").
PRELIMINARY STATEMENT
___________________________ or an affiliate thereof is the
holder of the entire interest in REMIC Multi-Class Pass-Through
Certificates, Series 1998-HE1, Class __-B_ (the "Class __-B_
Certificates"). The Class __-B_ Certificates were issued pursuant
to a Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of March 1, 1998 between the Company (in its
capacity as servicer thereunder, the "Servicer") and The First
National Bank of Chicago as Trustee.
____________________________ or an affiliate thereof
intends to resell all of the Class __-B_ Certificates directly to
the Purchaser on or promptly after the date hereof.
In connection with such sale, the parties hereto have
agreed that the Company, as Servicer, will engage in certain
special servicing procedures relating to foreclosures for the
benefit of the Purchaser, and that the Purchaser will deposit
funds in a collateral fund to cover any losses attributable to
such procedures as well as all advances and costs in connection
therewith, as set forth herein.
[The parties hereto have further agreed that the Purchaser
will have no rights, and the Company will have no obligations
under this Agreement until the Class Certificate Principal
Balance of the REMIC Multi-Class Pass-Through Certificates,
Series 1998-HE1, Class __-B5 (the "Class __-B5 Certificates") has
been reduced to zero, and any Special Servicing and Collateral
Fund Agreement in respect of such Class between the Company and
the Purchaser has been terminated.]
In consideration of the mutual agreements herein contained,
the receipt and sufficiency of which are hereby acknowledged, the
Company and the Purchaser agree that the following provisions
shall become effective and shall be binding on and enforceable by
<PAGE>
the Company and the Purchaser upon the acquisition by the
Purchaser of the Class __-B_ Certificates.
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 following meanings:
Business Day: Any day other than (i) a Saturday or a Sunday
of (ii) a day on which banking institutions in New York City or
Boston, Massachusetts are required or authorized by law or
executive order to be closed.
Collateral Fund: The fund established and maintained
pursuant to Section 3.01 hereof.
Collateral Fund Permitted Investments: Either (i)
obligations of, or obligations fully guaranteed as to principal
and interest by, the United States, or any agency or
instrumentality thereof, provided such obligations are backed by
the full faith and credit of the United States, (ii) repurchase
agreements on obligations specified in clause (i) provided that
the unsecured obligations of the party agreeing to repurchase
such obligations are at the time rated by each Rating Agency in
the highest long-term rating category, (iii) federal funds,
certificates of deposit, time deposits and banker's acceptances
of any U.S. depository institution or trust company incorporated
under the laws of the United States or any state provided that
the debt obligations of such depository institution or trust
company at the date of acquisition thereof have been rated by
each Rating Agency in the highest long-term rating category, (iv)
commercial paper of any corporation incorporated under the laws
of the United States or any state thereof which on the date of
acquisition has the highest short term rating of each Rating
Agency, and (v) other obligations or securities that are
acceptable to each Rating Agency as a Collateral Fund Permitted
Investment hereunder and will not, as evidenced in writing,
result in a reduction or withdrawal in the then current rating of
the Certificates and, for each of the preceding clauses, the
maturity thereof shall be not later than the earlier to occur of
(A) 30 days from the date of the related investment and (B) the
Business Day preceding the next succeeding Distribution Date.
Commencement of Foreclosure: The first official action
required under local law in order to commence foreclosure
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proceedings or to schedule a trustee's sale under a deed of
trust, including (i) in the case of a mortgage, any filing or
service of process necessary to commence an action to foreclose,
or (ii) in the case of a deed of trust, the posting, publishing,
filing or delivery of a notice of sale, but not including in
either case (x) any notice of default, notice of intent to
foreclose or sell or any other action prerequisite to the actions
specified in (i) or (ii) above and, upon the consent of the
Purchaser which will be deemed given unless expressly withheld
within two Business Days of notification, (y) the acceptance of a
deed-in-lieu of foreclosure (whether in connection with a sale of
the related property or otherwise) or (z) initiation and
completion of a short pay-off.
Current Appraisal: With respect to any Mortgage Loan as to
which the Purchaser has made an Election to Delay Foreclosure, an
appraisal of the related Mortgaged Property obtained by the
Purchaser as nearly contemporaneously as practicable to the time
of the Purchaser's election, prepared based on the Company's
customary requirements for such appraisals.
Election to Delay Foreclosure: Any election by the
Purchaser to delay the Commencement of Foreclosure, made in
accordance with Section 2.02(b).
Election to Foreclose: Any election by the Purchaser to
proceed with the Commencement of Foreclosure, made in accordance
with Section 2.03(a).
Mortgage Loan: Any Pool __ Mortgage Loan.
Required Collateral Fund Balance: As of any date of
determination, an amount equal to the aggregate of all amounts
previously required to be deposited in the Collateral Fund
pursuant to Section 2.02(d) (after adjustments for all
withdrawals and deposits prior to such date pursuant to Section
2.02(e)) and Section 2.03(b) (after adjustment for all
withdrawals and deposits prior to such date pursuant to Section
2.03(c)) and Section 3.02, reduced by all withdrawals therefrom
prior to such date pursuant to Section 2.02(g) and Section
2.03(d).
Section 1.02. Definitions Incorporated by Reference. All
capitalized terms not otherwise defined in this Agreement shall
have the meanings assigned in the Pooling and Servicing
Agreement.
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ARTICLE II
SPECIAL SERVICING PROCEDURES
Section 2.01. Reports and Notices.
(a) In connection with the performance of its duties under
the Pooling and Servicing Agreement relating to the realization
upon defaulted Mortgage Loans, the Company as Servicer shall
provide to the Purchaser the following notices and reports:
(i) Within five Business Days after each Distribution
Date (or included in or with the monthly statements to
Certificateholders pursuant to the Pooling and Servicing
Agreement), the Company, as Servicer, shall provide to the
Purchaser a report, using the same methodology and
calculations in its standard servicing reports, indicating
for the Trust Fund the number of Mortgage Loans that are
(A) thirty days, (B) sixty days, (C) ninety days or more
delinquent or (D) in foreclosure, and indicating for each
such Mortgage Loan the loan number and outstanding
principal balance.
(ii) Prior to the Commencement of Foreclosure in
connection with any Mortgage Loan, the Company shall
provide the Purchaser with a notice (sent by facsimile
transmission) of such proposed and imminent foreclosure,
stating the loan number and the aggregate amount owing
under the Mortgage Loan. Such notice may be provided to the
Purchaser in the form of a copy of a referral letter from
the Company to an attorney requesting the institution of
foreclosure or a copy of a request to foreclose received by
the Company from the related primary servicer which has
been approved by the Company.
(b) If requested by the Purchaser, the Company shall make
its servicing personnel available (during their normal business
hours) to respond to reasonable inquiries, in writing by
facsimile transmission, by the Purchaser in connection with any
Mortgage Loan identified in a report under subsection (a)(i) or
(a)(ii) which has been given to the Purchaser, provided, that (1)
the Company shall only be required to provide information that is
readily accessible to its servicing personnel and is non-
confidential and (2) the Company shall respond within five
Business Days orally or in writing by facsimile transmission.
(c) In addition to the foregoing, the Company shall provide
to the Purchaser such information as the Purchaser may reasonably
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request concerning each Mortgage Loan that is at least sixty days
delinquent and each Mortgage Loan which has become real estate
owned, through the final liquidation thereof, provided, that the
Company shall only be required to provide information that is
readily accessible to its servicing personnel and is non-
confidential.
Section 2.02. Purchaser's Election to Delay Foreclosure
Proceedings.
(a) The Purchaser shall be deemed to direct the Company
that in the event that the Company does not receive written
notice of the Purchaser's election pursuant to subsection (b)
below within 24 hours (exclusive of any intervening non-Business
Days) of transmission of the notice provided by the Company under
Section 2.01(a)(ii) subject to extension as set forth in Section
2.02(b), the Company may proceed with the Commencement of
Foreclosure in respect of such Mortgage Loan in accordance with
its normal foreclosure policies without further notice to the
Purchaser. Any foreclosure that has been initiated may be
discontinued (i) without notice to the Purchaser if the Mortgage
Loan has been brought current or if a refinancing or prepayment
occurs with respect to the Mortgage Loan (including by means of a
short payoff approved by the Company) or (ii) with notice to the
Purchaser if the Company has reached the terms of a forbearance
agreement with the borrower. In such latter case the Company may
complete such forbearance agreement unless instructed otherwise
by the Purchaser within two Business Days of notification.
(b) In connection with any Mortgage Loan with respect to
which a notice under Section 2.01(a)(ii) has been given to the
Purchaser, the Purchaser may elect to instruct the Company to
delay the Commencement of Foreclosure until such time as the
Purchaser determines that the Company may proceed with the
Commencement of Foreclosure. Such election must be evidenced by
written notice received within 24 hours (exclusive of any
intervening non-Business Days) of transmission of the notice
provided by the Company under Section 2.01(a)(ii). The Purchaser
shall send a copy of such notice of election to each Rating
Agency as soon as practicable thereafter. Such 24-hour period
shall be extended for no longer than an additional four Business
Days after the receipt of the information if the Purchaser
requests additional information related to such foreclosure
within such 24-hour period; provided, however, that the Purchaser
will have at least one Business Day to make such election
following its receipt of any requested additional information.
Any such additional information shall (i) not be confidential in
nature and (ii) be obtainable by the Company from existing
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reports, certificates or statements or otherwise be readily
accessible to its servicing personnel. The Purchaser agrees that
it has no right to deal with the mortgagor. However, if the
Company's normal foreclosure policies include acceptance of a
deed-in-lieu of foreclosure or short payoff, the Purchaser will
be notified and given two Business Days to respond.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the
Purchaser shall obtain a Current Appraisal as soon as
practicable, and shall provide the Company with a copy of such
Current Appraisal.
(d) Within two Business Days of making any Election to
Delay Foreclosure, the Purchaser shall remit by wire transfer to
the Trustee, for deposit in the Collateral Fund, an amount, as
calculated by the Company, equal to the sum of (i) 125% of the
greater of the Scheduled Principal Balance of the Mortgage Loan
and the value shown in the Current Appraisal referred to in
subsection (c) above (or, if such Current Appraisal has not yet
been obtained, the Company's estimate thereof, in which case the
required deposit under this subsection shall be adjusted upon
obtaining such Current Appraisal), and (ii) three months'
interest on the Mortgage Loan at the applicable Mortgage Rate. If
any Election to Delay Foreclosure extends for a period in excess
of three months (such excess period being referred to herein as
the "Excess Period"), the Purchaser shall remit by wire transfer
in advance to the Trustee for deposit in the Collateral Fund the
amount of each additional month's interest, as calculated by the
Company, equal to interest on the Mortgage Loan as the applicable
Mortgage Rate for the Excess Period. The terms of this Agreement
will no longer apply to the servicing of any Mortgage Loan upon
the failure of the Purchaser to deposit the above amounts
relating to the Mortgage Loan within two Business Days of (i) the
Election to Delay Foreclosure or (ii) the beginning of the
related Excess Period, as the case may be.
(e) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
or the Trustee may withdraw from the Collateral Fund from time to
time amounts necessary to reimburse the Company for all related
Monthly Advances and Liquidation Expenses thereafter made by the
Company as Servicer in accordance with the Pooling and Servicing
Agreement. To the extent that the amount of any such Liquidation
Expense is determined by the Company based on estimated costs,
and the actual costs are subsequently determined to be higher,
the Company or the Trustee may withdraw the additional amount
from the Collateral Fund to reimburse the Company. In the event
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that the Mortgage Loan is brought current by the mortgagor, the
amounts so withdrawn from the Collateral Fund shall be
redeposited therein as and to the extent that reimbursement
therefor from amounts paid by the mortgagor is not prohibited
pursuant to the Pooling and Servicing Agreement as of the date
hereof. Except as provided in the preceding sentence, amounts
withdrawn from the Collateral Fund to cover Monthly Advances and
Liquidation Expenses shall not be redeposited therein or
otherwise reimbursed to the Purchaser. If and when any such
Mortgage Loan is brought current by the mortgagor, all amounts
remaining in the Collateral Fund in respect of such Mortgage Loan
(after adjustment for all previous withdrawals and deposits
pursuant to this subsection and after reimbursement to the
Servicer for all related Monthly Advances) shall be released to
the Purchaser.
(f) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
shall continue to service the Mortgage Loan in accordance with
its customary procedures (other than the delay in Commencement of
Foreclosure as provided herein). If and when, following such
election, the Purchaser shall notify the Company that it believes
that it is appropriate to do so, the Company shall proceed with
the Commencement of Foreclosure; provided that, in any event, if
the Mortgage Loan is not brought current by the mortgagor by the
time the loan becomes 6 months delinquent, the Purchaser's
election shall no longer be effective, unless the Purchaser shall
have purchased the related Mortgage Loan promptly following (and
in any event not later than the third Business Day after) the end
of such 6-month period in the manner provided in the following
two sentences, and the Company shall be entitled to proceed with
the Commencement of Foreclosure. Any purchase of such Mortgage
Loan by the Purchaser pursuant to the preceding sentence shall be
at a purchase price equal to the unpaid principal balance of the
Mortgage Loan plus accrued interest at the Mortgage Rate from the
date last paid by the mortgagor. Such purchase price shall be
deposited by the Purchaser into the Collateral Fund in
immediately available funds on the Business Day which is the date
of purchase and the Purchaser shall instruct the Trustee (with
notice to the Company) to withdraw such amount therefrom on such
Business Day and remit the same to the Trust Fund for application
as Liquidation Proceeds pursuant to the Pooling and Servicing
Agreement. Following such withdrawal, all amounts remaining in
the Collateral Fund in respect of such Mortgage Loan (after
adjustment for all previous withdrawals and deposits pursuant to
this Agreement and after reimbursement to the Servicer for all
related Monthly Advances) shall be released to the Purchaser.
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(g) Upon the occurrence of a liquidation with respect to
any Mortgage Loan as to which the Purchaser made an Election to
Delay Foreclosure and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (f)
above, the Company shall calculate the amount, if any, by which
the value shown on the Current Appraisal obtained under
subsection (c) exceeds the actual sales price obtained for the
related Mortgaged Property (net of Liquidation Expenses and
unreimbursed Monthly Advances related to the extended foreclosure
period), and the Company or the Trustee shall withdraw the amount
of such excess from the Collateral Fund and shall remit the same
to the Trust Fund for application as additional Liquidation
Proceeds pursuant to the Pooling and Servicing Agreement. After
making such withdrawal, all amounts remaining in the Collateral
Fund in respect of such Mortgage Loan (after adjustment for all
withdrawals and deposits pursuant to subsection (e) and after
reimbursement to the Servicer for all related Monthly Advances)
shall be released to the Purchaser.
Section 2.03. Purchaser's Election to Commence Foreclosure
Proceedings.
(a) In connection with any Mortgage Loan identified in a
report under Section 2.01(a)(i)(B), the Purchaser may elect to
instruct the Company to proceed with the Commencement of
Foreclosure as soon as practicable. Such election must be
evidenced by written notice received by the Company by 5:00 p.m.,
New York City time, on the third Business Day following the
delivery of such report under Section 2.01(a)(i).
(b) Within two Business Days of making any Election to
Foreclose, the Purchaser shall remit to the Trustee, for deposit
in the Collateral Fund, an amount, as calculated by the Company,
equal to 125% of the current Scheduled Principal Balance of the
Mortgage Loan and three months' interest on the Mortgage Loan at
the applicable Mortgage Rate. If and when any such Mortgage Loan
is brought current by the mortgagor, all amounts in the
Collateral Fund in respect of such Mortgage Loan (after
adjustment for all withdrawals and deposits pursuant to
subsection (c) below) shall be released to the Purchaser. The
terms of this Agreement will no longer apply to the servicing of
any Mortgage Loan upon the failure of the Purchaser to deposit
the above amounts relating to the Mortgage Loan within two
Business Days of the Election to Foreclose.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Foreclose, the Company shall
continue to service the Mortgage Loan in accordance with its
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customary procedures. In connection therewith, the Company shall
have the same rights to make withdrawals for Monthly Advances and
Liquidation Expenses from the Collateral Fund as are provided
under Section 2.02(e), and the Company shall make reimbursements
thereto to the limited extent provided under such subsection. The
Company shall not be required to proceed with the Commencement of
Foreclosure if (i) the same is stayed as a result of the
mortgagor's bankruptcy or is otherwise barred by applicable law,
or to the extent that all legal conditions precedent thereto have
not yet been complied with, or (ii) the Company believes there is
a breach of representations or warranties by the Company, which
may result in a repurchase or substitution of such Mortgage Loan,
or (iii) the Company has or expects to have the right under the
Pooling and Servicing Agreement to purchase the defaulted
Mortgage Loan and intends to exercise such right or (iv) the
Company reasonably believes the Mortgaged Property may be
contaminated with or affected by hazardous wastes or hazardous
substances (and the Company supplies the Purchaser with
information supporting such belief) or (v) the same is prohibited
by or is otherwise inconsistent with the provisions of the
Pooling and Servicing Agreement. Any foreclosure that has been
initiated may be discontinued (i) without notice to the Purchaser
if the Mortgage Loan has been brought current or if a refinancing
or prepayment occurs with respect to the Mortgage Loan (including
by means of a short payoff approved by the Purchaser) or (ii)
with notice to the Purchaser if the Company has reached the terms
of a forbearance agreement unless instructed otherwise by the
Purchaser within two Business Days of notification.
(d) Upon the occurrence of a liquidation with respect to
any Mortgage Loan as to which the Purchaser made an Election to
Foreclose and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (c)
above, the Company shall calculate the amount, if any, by which
the Scheduled Principal Balance of the Mortgage Loan at the time
of liquidation (plus all unreimbursed Monthly Advances and
Liquidation Expenses in connection therewith other than those
previously paid from the Collateral Fund) exceeds the actual
sales price obtained for the related Mortgaged Property, and the
Company or the Trustee shall withdraw the amount of such excess
from the Collateral Fund and shall remit the same to the Trust
Fund for application as additional Liquidation Proceeds pursuant
to the Pooling and Servicing Agreement. After making such
withdrawal, all amounts remaining in the Collateral Fund (after
adjustment for all withdrawals and deposits pursuant to
subsection (c) above and after reimbursement to the Servicer for
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all related Monthly Advances) in respect of such Mortgage Loan
shall be released to the Purchaser.
Section 2.04. Termination.
(a) With respect to all Mortgage Loans included in the
Trust Fund, the Purchaser's right to make any Election to Delay
Foreclosure or any Election to Foreclose and the Company's
obligations under Section 2.01 shall terminate on the earliest to
occur of the following: (i) at such time as the Class Certificate
Principal Balance of the Class __-B_ Certificates has been
reduced to zero, (ii) if the greater of (x) 43% (or such lower or
higher percentage that represents the Company's actual loss
experience with respect to the Mortgage Loans in the related
Mortgage Pool) of the aggregate principal balance of all Mortgage
Loans that are in foreclosure or are more than 90 days delinquent
on a contractual basis and the aggregate book value of REO
properties or (y) the aggregate amount that the Company estimates
through its normal servicing practices will be required to be
withdrawn from the Collateral Fund with respect to Mortgage Loans
as to which the Purchaser has made an Election to Delay
Foreclosure or an Election to Foreclose exceeds (z) the
then-current Class Certificate Principal Balance of the Class
__-B_ Certificates, or (iii) upon any transfer by the Purchaser
of any interest (other than the minority interest therein, but
only if the transferee provides written acknowledgment to the
Company of the Purchaser's right hereunder and that such
transferee will have no rights hereunder) in the Class __-B_
Certificates [or in the Class __-B5 Certificates] (whether or not
such transfer is registered under the Pooling and Servicing
Agreement), including any such transfer in connection with a
termination of the Trust Fund. Unless earlier terminated as set
forth herein, this Agreement and the respective rights,
obligations and responsibilities of the Purchaser and the Company
hereunder shall terminate immediately upon (x) the later to occur
of (i) the final liquidation of the last Mortgage Loan as to
which the Purchaser made any Election to Delay Foreclosure or any
Election to Foreclose and the withdrawal of all remaining amounts
in the Collateral Fund as provided herein and (ii) ten (10)
Business Days' notice or (y) the occurrence of any event that
results in the Purchaser becoming an "affiliate" of the Trustee
within the meaning of the Prohibited Transaction Exemption (as
defined in the Pooling and Servicing Agreement).
(b) The Purchaser's rights pursuant to Section 2.02 or 2.03
of this Agreement shall terminate with respect to a Mortgage Loan
as to which the Purchaser has exercised its rights under Section
2.02 or 2.03 hereof, upon Purchaser's failure to deposit any
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amounts required pursuant to Section 2.02(d) or 2.03(b) after one
Business Day's notice of such failure.
Section 2.05. Notification. The Purchaser shall promptly
notify the Trustee and the Company if such Purchaser becomes
aware of any discussions, plans or events that might lead to such
Person's becoming an "affiliate" (within the meaning of the
Prohibited Transaction Exemption) of the Trustee, provided that
the contents of any such notification shall be kept confidential
by the parties to this Agreement.
ARTICLE III
COLLATERAL FUND; SECURITY INTEREST
Section 3.01. Collateral Fund. Upon payment by the
Purchaser of the initial amount required to be deposited in the
Collateral Fund pursuant to Article II, the Company shall request
the Trustee to establish and maintain with the Trustee a
segregated account entitled "REMIC Multi-Class Pass-Through
Certificates 1998-HE1 Pool __ Collateral Fund, for the benefit of
GE Capital Mortgage Services, Inc. and State Street Bank and
Trust Company on behalf of Pool __ Certificateholders, as secured
parties" (the "Collateral Fund"). Amounts held in the Collateral
Fund shall continue to be the property of the Purchaser, subject
to the first priority security interest granted hereunder for the
benefit of such secured parties, until withdrawn from the
Collateral Fund pursuant to the Section 2.02 or 2.03 hereof.
Upon the termination of this Agreement and the liquidation
of all Mortgage Loans as to which the Purchaser has made any
Election to Delay Foreclosure or any Election to Foreclose
pursuant to Section 2.04 hereof, the Company shall distribute to
the Purchaser all amounts remaining in the Collateral Fund
together with any investment earnings thereon (after giving
effect to all withdrawals therefrom permitted under this
Agreement).
The Purchaser shall not take or direct the Company or the
Trustee to take any action contrary to any provision of the
Pooling and Servicing Agreement. In no event shall the Purchaser
(i) take or cause the Trustee or the Company to take any action
that could cause any REMIC established under the Pooling and
Servicing Agreement to fail to qualify as a REMIC or cause the
imposition on any such REMIC of any "prohibited transaction" or
"prohibited contribution" taxes or (ii) cause the Trustee or the
Company to fail to take any action necessary to maintain the
status of any such REMIC as a REMIC.
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Section 3.02. Collateral Fund Permitted Investments. The
Company shall, at the written direction of the Purchaser, direct
the Trustee to invest the funds in the Collateral Fund in the
name of the Trustee in Collateral Fund Permitted Investments.
Such direction shall not be changed more frequently then
quarterly. In the absence of any direction, the Company shall
direct the Trustee select such investments in accordance with the
definition of Collateral Fund Permitted Investments in its
discretion.
All income and gain realized from any investment as well as
any interest earned on deposits in the Collateral Fund (net of
any losses on such investments) and any payments of principal
made in respect of any Collateral Fund Permitted Investment shall
be deposited in the Collateral Fund upon receipt. All costs and
realized losses associated with the purchase and sale of
Collateral Fund Permitted Investments shall be borne by the
Purchaser and the amount of net realized losses shall be promptly
deposited by the Purchaser in the Collateral Fund. The Company
shall periodically (but not more frequently than monthly) direct
the Trustee to distribute to the Purchaser upon request an amount
of cash, to the extent cash is available therefor in the
Collateral Fund, equal to the amount by which the balance of the
Collateral Fund, after giving effect to all other distributions
to be made from the Collateral Fund on such date, exceeds the
Required Collateral Fund Balance. Any amounts so distributed
shall be released from the lien and security interest of this
Agreement.
Section 3.03. Grant of Security Interest. In order to
secure the obligations of the Purchaser hereunder to the Company
and the Trustee for the benefit of Certificateholders (other than
its obligations under Section 4.10), the Purchaser hereby grants
to the Company and to the Trustee for the benefit of the Pool __
Certificateholders a security interest in and lien on all of the
Purchaser's right, title and interest, whether now owned or
hereafter acquired, in and to: (1) the Collateral Fund, (2) all
amounts deposited in the Collateral Fund and Collateral Fund
Permitted Investments in which such amounts are invested (and the
distributions and proceeds of such investments) and (3) all cash
and non-cash proceeds of any of the foregoing, including proceeds
of the voluntary or involuntary conversion thereof (all of the
foregoing collectively, the "Collateral").
The Purchaser acknowledges the lien on and security
interest in the Collateral for the benefit of the Company and the
Trustee on behalf of the Pool __ Certificateholders. The
Purchaser shall take all actions requested by the Company or the
Trustee as may
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be reasonably necessary to perfect the security interest created
under this Agreement in the Collateral and cause it to be prior
to all other security interests and liens, including the
execution and delivery to the Company or at its direction the
Trustee for filing of appropriate financing statements in
accordance with applicable law.
Section 3.04. Collateral Shortfalls. In the event that
amounts on deposit in the Collateral Fund at any time are
insufficient to cover any withdrawals therefrom that the Company
or the Trustee is then entitled to make hereunder, the Purchaser
shall be obligated to pay such amounts to the Company or the
Trustee immediately upon demand. Such obligation shall constitute
a general corporate obligation of the Purchaser. The failure to
pay such amounts within two Business Days of such demand (except
for amounts to cover interest on a Mortgage Loan pursuant to
Sections 2.02(d) and 2.03(b)), shall cause an immediate
termination of the Purchaser's right to make any Election to
Delay Foreclosure or Election to Foreclose and the Company's
obligations under this Agreement with respect to all Mortgage
Loans to which such insufficiencies relate, without the necessity
of any further notice or demand on the part of the Company.
ARTICLE IV
MISCELLANEOUS PROVISIONS
Section 4.01. Amendment. This Agreement may be amended from
time to time by the Company and the Purchaser by written
agreement signed by the Company and the Purchaser provided that
no such amendment shall have a material adverse effect on the
holders of other Classes of Certificates.
Section 4.02. Counterparts. 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 4.03. Governing Law. This Agreement shall be
construed in accordance with the laws of the State of New York
and the obligations, rights and remedies of the parties hereunder
shall be determined in accordance with such laws.
Section 4.04. Notices. All demands, notices and direction
hereunder shall be in writing or by telecopy and shall be deemed
effective upon receipt to:
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(a) in the case of the Company, with respect to notices
pursuant to Sections 2.02 and 2.03 hereto,
GE Capital Mortgage Services, Inc.
2000 West Loop South
Suite 1917
Houston, Texas 77027
Attention: Mark Pendergrass
Telephone: (713) 964-4207
Facsimile: (713) 964-4100
with respect to all other notices pursuant to this
Agreement,
GE Capital Mortgage Services, Inc.
Three Executive Campus
Cherry Hill, New Jersey 08002
Attention: General Counsel
Telephone: (609) 661-6515
Facsimile: (609) 661-6875
or such other address as may hereafter be furnished in writing by
the Company, or
(b) in the case of the Purchaser, with respect to notices
pursuant to Section 2.01,
________________________________
________________________________
________________________________
Attention:______________________
Telephone:______________________
Facsimile:______________________
with respect to all other notices pursuant to this
Agreement,
________________________________
________________________________
________________________________
Attention:______________________
Telephone:______________________
Facsimile:______________________
or such other address as may hereafter be furnished in writing by
the Purchaser, or
(c) in the case of the Trustee,
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The First National Bank of Chicago
One First National Plaza, Suite 0126
Chicago, Illinois 60670-0126
Attention: Corporate Trust Services
Telephone: (312) 407-1964
Facsimile: (312) 407-1708
Section 4.05. Severability of Provisions. If any one or
more of the covenants, agreements, provisions or terms of this
Agreement shall be for any reason whatsoever, including
regulatory, 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.
Section 4.06. Successor and Assigns. The provisions of this
Agreement shall be binding upon and inure to the benefit of the
parties hereto and the respective successors and assigns of the
parties hereto; provided, however, that the rights under this
Agreement cannot be assigned by the Purchaser without the consent
of the Company.
Section 4.07. 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 4.08. Third Party Beneficiaries. The Trustee on
behalf of Certificateholders is the intended third party
beneficiary of this Agreement.
Section 4.09. Confidentiality. The Purchaser agrees that
all information supplied by or on behalf of the Company pursuant
to Section 2.01 or 2.02, including individual account
information, is the property of the Company and the Purchaser
agrees to use such information solely for the purposes set forth
in this Agreement and to hold such information confidential and
not to disclose such information.
Section 4.10. Indemnification. The Purchaser agrees to
indemnify and hold harmless the Company against any and all
losses, claims, damages or liabilities to which it may be
subject, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
actions taken by the Company in accordance with the provisions of
this Agreement and which actions conflict or are alleged to
conflict with the Company's obligations under the Pooling and
Servicing Agreement. The Purchaser hereby agrees to reimburse
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the Company on demand for the reasonable legal or other expenses
incurred by it in connection with investigating or defending any
such loss, claim, damage, liability or action.
[Section 4.11. Delayed Effectiveness. The Purchaser agrees
that, notwithstanding any other provision of this Agreement, the
Purchaser shall have no rights hereunder, and the Company shall
have no obligations hereunder, until the Class Certificate
Principal Balance of the Class __-B5 Certificates has been
reduced to zero and any Special Servicing and Collateral Fund
Agreement between the Company and the Purchaser relating to such
Class B5 Certificates has been terminated.]
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IN WITNESS WHEREOF, the Company and the Purchaser 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.
GE CAPITAL MORTGAGE SERVICES, INC.
By:________________________________
Name:
Title:
[PURCHASER]
By:________________________________
Name:
Title:
Acknowledged and agreed to:
THE FIRST NATIONAL BANK OF CHICAGO
By:________________________________
Name:
Title:
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EXHIBIT L
FORM OF LOST NOTE AFFIDAVIT AND AGREEMENT
I, _________________________________________, being
duly sworn, do hereby state under oath that:
1. I am a duly elected ______________________ of GE
Capital Mortgage Services, Inc. (the "Company") and am duly
authorized to make this affidavit.
2. This affidavit is being delivered in connection
with the transfer of the Mortgage Loan described in
Paragraph 3 hereof by the Company pursuant to the Pooling
and Servicing Agreement dated as of [date] between the
Company, Seller and Servicer, and The First National Bank
of Chicago, Trustee, relating to the Company's Home Equity
Loan Pass-Through Certificates, Series [____]
("Agreement"). Such Mortgage Loan constitutes a Designated
Loan.
3. The Company is the payee under the following
described Mortgage Note ("Mortgage Note") which evidences
the obligation of the borrower(s) to repay the Mortgage
Loan:
Loan Number: __________________________________
Mortgage Note Date:_____________________________
Borrower(s): ___________________________________
Original Payee (if not the Company): ___________
Original Amount:________________________________
Mortgage Rate: _________________________________
Address of Mortgaged Property: _________________
________________________________________________
4. The Company is the lawful owner of the Mortgage
Note and has not cancelled, altered, assigned or hypothecated the
Mortgage Note.
5. A thorough and diligent search for the executed
original Mortgage Note was undertaken and was unsuccessful.
<PAGE>
6. Attached hereto is a true and correct copy of the
Mortgage Note.
7. The Mortgage Note has not been endorsed by the
Company in any manner inconsistent with its transfer of the
Mortgage Loan under the Agreement.
8. Without limiting the generality of the rights and
remedies of the Trustee contained in the Agreement, the Company
hereby confirms and agrees that in the event the inability to
produce the executed original Mortgage Note results in a breach
of the representations and warranties appearing in Agreement
subsections 2.03(a)(ii) (the validity and enforceability of the
lien created by the Mortgage Loan) or 2.03(a) (x) (no valid
offset, defense or counterclaim to any Mortgage Note or
Mortgage), the Company shall repurchase the Mortgage Loan at the
Purchase Price and otherwise in accordance with Section 2.03(b)
of the Agreement. In addition, the Company covenants and agrees
to indemnify the Trustee and the Trust Fund from and hold them
harmless against any and all losses, liabilities, damages, claims
or expenses (other than those resulting from negligence or bad
faith of the Trustee) arising from the Company's failure to have
delivered the Mortgage Note to the Trustee, including without
limitation any such losses, liabilities, damages, claims or
expenses arising from any action to enforce the indebtedness
evidenced by the Mortgage Note or any claim by any third party
who is the holder of such indebtedness by virtue of possession of
the Mortgage Note.
9. In the event that the Company locates the executed
original Mortgage Note, it shall promptly provide the Mortgage
Note to the Trustee.
10. Capitalized terms not otherwise defined herein
shall have the meanings given them in the Agreement.
Date: _______________________
________________________________
(signature)
________________________________
(print name)
________________________________
(print title)
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<PAGE>
State of New Jersey )
) ss:
)
On this ____________________day of
___________________, 199__, before me appeared
____________________________, to me personally known, who
acknowledged the execution of the foregoing and who, having been
duly sworn states that he/she is a/the
______________________________of GE Capital Mortgage Services,
Inc., that any representations therein contained are true, that
this Lost Note Affidavit was signed and sealed on behalf of GE
Capital Mortgage Services, Inc. and that this Lost Note Affidavit
is the free act and deed of GE Capital Mortgage Services, Inc.
____________________________________
(Notary Public)
[Notarial Seal]
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EXHIBIT M
SCHEDULE OF STREAMLINED PORTFOLIO
PROGRAM MORTGAGE LOANS WITHOUT TITLE INSURANCE
