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) September 23, 1999
GE CAPITAL MORTGAGE SERVICES, INC.
(as Seller and Servicer under the Pooling and
Servicing Agreement, dated as of September 1,1999,
providing for the issuance of REMIC Mortgage
Pass-Through Certificates, Series 99-18)
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 September 23, 1999, GE Capital Mortgage Services, Inc. ("GECMSI") offered to
investors certain classes of its REMIC Mortgage Pass-Through Certificates,
Series 99-18 (the "Certificates") evidencing beneficial ownership interests in a
trust fund (the "Trust Fund"). The assets of the Trust Fund consist primarily of
a pool ("Pool 99-18") of conventional, one- to four-family residential loans
(the "Mortgage Loans"). Capitalized terms used herein and not otherwise defined
shall have the meanings assigned to them in the Prospectus dated August 19, 1999
as supplemented by the Prospectus Supplement dated September 20, 1999.
The original principal balance of each Class of the Certificates is as follows:
Class A1 $100,000,000.00
Class A2 $24,300,000.00
Class A3 $17,750,000.00
Class A4 $12,772,000.00
Class A5 $45,520,000.00
Class A6 $26,800,000.00
Class A7 $125,000,000.00
Class A8 $9,485,714.00
Class A9 $20,000,000.00
Class A10 $0.00
Class A11 $1,514,286.00
Class A12 $78,950,000.00
Class A13 $14,500,000.00
Class R $100.00
Class R2 $100.00
Class M $9,557,000.00
Class B1 $3,773,000.00
Class B2 $2,012,000.00
Class B3 $2,515,000.00
Class B4 $1,006,000.00
Class B5 $1,258,574.40
Class PO $6,324,211.02
Total : $503,037,985.42
The initial Junior Percentage and initial Senior Percentage for Pool 99-18 are
approximately 4% and 96%, respectively. The "Bankruptcy Loss Amount," the "Fraud
Loss Amount" and the "Special Hazard Loss Amount" for Pool 99-18 as of the
initial issuance of the Certificates are $192,469.00, $5,030,380.00 and
$5,034,205.00, respectively, representing approximately .0400%, 1.0000%, and
1.0000%, respectively, of the aggregate Scheduled Principal Balances of the
Mortgage Loans as of September 1,1999 (the "Cut-off Date").
Description of the Mortgage Pool and the Mortgaged Properties
- -------------------------------------------------------------
Pool 99-18
- ----------
Pool 99-18 consists primarily of fixed-rate, fully-amortizing conventional
Mortgage Loans evidenced by Mortgage Notes which have original maturities of 20
to 30 years and an aggregate outstanding Scheduled Principal Balance as of the
Cut-off Date, after deducting payments of principal due on or before such date
and prepayments of principal received before such date, of $503,037,985.42.
The interest rates (the "Mortgage Rates") borne by the 1514 Mortgage Loans
conveyed by GECMSI to Pool 99-18 range from 6.2500% to 9.5000% and the weighted
average Mortgage Rate as of the Cut-off Date is 7.4288% per annum (all weighted
averages in this filing are weighted by aggregate outstanding Scheduled
Principal Balance as of the Cut-off Date). At origination, the principal
balances of the Mortgage Loans in Pool 99-18 ranged from $45,000.00 to
$1,300,000.00, and, as of the Cut-off Date, the average outstanding Scheduled
Principal Balance of the Mortgage Loans in Pool 99-18 is $332,257.59, after
application of principal payments due on or before the Cut-off Date and
prepayments of principal received before such date. The earliest origination
date of any Mortgage Loan in Pool 99-18 is September 20, 1996, and the latest
scheduled maturity date of any such Mortgage Loan is September 1, 2029. The
weighted average loan-to-value ratio of the Mortgage Loans as of the Cut-off
Date in Pool 99-1830 is 75.7847%.
The Mortgage Loans in Pool 99-18 have the following characteristics as of the
Cut-off Date.
a) The following table sets forth information, as of the Cut-off Date, with
respect to the Mortgage Rates borne by the Mortgage Loans in Pool 99-18:
MORTGAGE # OF AGGREGATE BALANCES % OF POOL BY
RATES LOANS AS OF CUT-OFF DATE AGGREGATE BALANCE
----- ----- ------------------ -----------------
6.2500% 2 $595,337.67 0.1183%
6.3750% 4 $1,244,809.20 0.2475%
6.5000% 17 $5,412,977.19 1.0761%
6.6250% 23 $7,508,045.49 1.4925%
6.7500% 46 $15,297,734.06 3.0411%
6.8750% 74 $26,481,410.03 5.2643%
7.0000% 126 $45,485,591.95 9.0422%
7.1250% 144 $50,986,623.00 10.1357%
7.1500% 1 $314,996.39 0.0626%
7.2500% 140 $47,994,277.96 9.5409%
7.3750% 198 $65,459,539.50 13.0128%
7.5000% 229 $71,443,846.85 14.2025%
7.6250% 144 $47,281,590.84 9.3992%
7.7500% 136 $42,744,522.49 8.4973%
7.8750% 63 $21,313,829.28 4.2370%
7.9500% 1 $299,796.65 0.0596%
8.0000% 54 $17,126,225.57 3.4046%
8.1250% 17 $5,199,857.09 1.0337%
8.2500% 29 $8,915,396.10 1.7723%
8.3750% 21 $5,766,876.65 1.1464%
8.5000% 18 $6,056,986.67 1.2041%
8.6250% 9 $2,877,481.35 0.5720%
8.7500% 8 $3,275,992.91 0.6512%
8.8750% 3 $1,048,705.34 0.2085%
9.2500% 3 $1,353,589.66 0.2691%
9.3750% 2 $747,341.50 0.1486%
9.5000% 2 $804,604.03 0.1599%
Total 1,514 $503,037,985.42 100.0000%
b) The following table sets forth information, as of the Cut-off Date, with
respect to the original principal balances of the Mortgage Loans in Pool
99-18 :
ORIGINAL # OF AGGREGATE BALANCES % OF POOL BY
BALANCES LOANS AS OF CUT-OFF DATE AGGREGATE BAL.
-------- ----- ------------------ --------------
$ 0 - 240,000 126 $19,834,626.19 3.9430%
$240,000 - 250,000 47 $11,619,185.64 2.3098%
$250,001 - 300,000 587 $162,247,227.20 32.2536%
$300,001 - 350,000 308 $99,920,884.93 19.8635%
$350,001 - 400,000 165 $61,901,507.40 12.3055%
$400,001 - 450,000 93 $40,043,542.28 7.9603%
$450,001 - 600,000 131 $67,273,428.80 13.3734%
$600,001 - 650,000 21 $13,221,559.44 2.6283%
$650,001 - 1,000,000 + 36 $26,976,023.54 5.3626%
Total 1,514 $503,037,985.42 100.0000%
The largest outstanding Scheduled Principal Balance of any Mortgage Loan, as of
the Cut-off Date, in Pool 99-18 is $1,296,862.68.
The smallest outstanding Scheduled Principal Balance of any Mortgage Loan, as of
the Cut-off Date, in Pool 99-18 is $44,932.99.
c) The following table sets forth information, as of the Cut-off Date, with
respect to the years of origination of the Mortgage Loans in Pool 99-18:
YEAR OF # OF AGGREGATE BALANCES % OF POOL BY
ORIGINATION LOANS AS OF CUT-OFF DATE AGGREGATE BALANCE
----------- ----- ------------------ -----------------
1996 2 $508,619.52 0.1011%
1997 3 $1,737,043.50 0.3453%
1998 39 $12,816,646.68 2.5478%
1999 1,470 $487,975,675.72 97.0058%
Total 1,514 $503,037,985.42 100.0000%
d) The following table sets forth information, as of the Cut-off Date, with
respect to the loan-to-value ratios of the Mortgage Loans at origination in
Pool 99-18:
LOAN-TO-VALUE
RATIO AT # OF AGGREGATE BALANCES % OF POOL BY
ORIGINATION LOANS AS OF CUT-OFF DATE AGGREGATE BALANCE
----------- ----- ------------------ -----------------
00.000 - 50.00 48 $17,026,635.48 3.3848%
50.001 - 60.00 83 $30,667,142.14 6.0964%
60.001 - 70.00 169 $61,261,306.63 12.1783%
70.001 - 75.00 207 $73,671,235.58 14.6453%
75.001 - 80.00 764 $249,684,725.90 49.6353%
80.001 - 85.00 26 $8,351,909.20 1.6603%
85.001 - 90.00 139 $41,810,541.72 8.3116%
90.001 - 95.00 75 $19,977,396.51 3.9713%
95.001 - 100.00 3 $587,092.26 0.1167%
Total 1,514 $503,037,985.42 100.0000%
e) The following table sets forth information, as of the Cut-off Date, with
respect to the type of Mortgaged Properties securing the Mortgage Loans in
Pool 99-18:
TYPE OF # OF AGGREGATE BALANCES % OF POOL BY
DWELLING LOANS AS OF CUT-OFF DATE AGGREGATE BALANCE
-------- ----- ------------------ -----------------
Single-family detached 1,405 $470,331,904.89 93.4982%
Single-family attached 18 $4,923,512.27 0.9788%
Condominium 69 $20,388,229.47 4.0530%
2 - 4 Family Units 19 $6,869,370.62 1.3656%
Co-op 3 $524,968.17 0.1044%
Total 1,514 $503,037,985.42 100.0000%
f) The following table sets forth information, as of the Cut-off Date, with
respect to the occupancy status of the Mortgaged Properties securing the
Mortgage Loans as represented by the mortgagors at origination in Pool
99-18:
# OF AGGREGATE BALANCES % OF POOL BY
OCCUPANCY LOANS AS OF CUT-OFF DATE AGGREGATE BALANCE
--------- ----- ------------------ -----------------
Owner Occupied 1,484 $494,388,251.25 98.2805%
Vacation 22 $6,414,216.55 1.2751%
Investment 8 $2,235,517.62 0.4444%
Total 1,514 $503,037,985.42 100.0000%
g) The following table sets forth information, as of the Cut-off Date, with
respect to the geographic distribution of the Mortgaged Properties securing
the Mortgage Loans in Pool 99-18:
# OF AGGREGATE BALANCES % OF POOL BY
STATE LOANS AS OF CUT-OFF DATE AGGREGATE BALANCE
- ----- ----- ------------------ -----------------
Alabama 4 $1,751,158.33 0.3481%
Arizona 66 $17,314,321.00 3.4420%
Arkansas 1 $648,777.75 0.1290%
California 516 $177,164,062.97 35.2187%
Colorado 53 $16,701,166.26 3.3201%
Connecticut 42 $15,336,791.10 3.0488%
Delaware 9 $2,551,663.54 0.5073%
District Of Columbia 9 $3,194,561.36 0.6351%
Florida 19 $6,159,533.69 1.2245%
Georgia 34 $11,815,394.02 2.3488%
Hawaii 4 $1,953,959.93 0.3884%
Illinois 64 $21,368,807.22 4.2480%
Indiana 4 $1,361,440.82 0.2706%
Iowa 2 $609,458.09 0.1212%
Kansas 2 $536,418.27 0.1066%
Kentucky 2 $508,429.31 0.1011%
Louisiana 3 $1,025,971.90 0.2040%
Maine 3 $790,007.19 0.1570%
Maryland 66 $21,289,705.20 4.2322%
Massachusetts 100 $33,277,528.63 6.6152%
Michigan 15 $5,907,357.81 1.1743%
Minnesota 7 $2,034,062.81 0.4044%
Mississippi 1 $269,510.52 0.0536%
Missouri 12 $4,353,022.36 0.8653%
Montana 2 $526,969.80 0.1048%
Nebraska 4 $1,460,081.62 0.2903%
Nevada 12 $3,875,280.60 0.7704%
New Hampshire 4 $1,028,103.58 0.2044%
New Jersey 93 $30,146,665.10 5.9928%
New Mexico 1 $499,655.90 0.0993%
New York 51 $19,093,569.47 3.7957%
North Carolina 20 $6,847,095.52 1.3611%
Ohio 21 $7,064,825.14 1.4044%
Oklahoma 1 $324,253.08 0.0645%
Oregon 15 $3,200,736.50 0.6363%
Pennsylvania 62 $20,631,344.28 4.1013%
Rhode Island 2 $612,195.47 0.1217%
South Carolina 6 $2,225,340.89 0.4424%
South Dakota 1 $259,672.36 0.0516%
Tennessee 2 $578,561.01 0.1150%
Texas 53 $17,725,191.55 3.5236%
Utah 4 $1,353,943.89 0.2692%
Virginia 78 $22,937,785.24 4.5599%
Washington 32 $10,744,139.42 2.1359%
West Virginia 1 $307,734.82 0.0612%
Wisconsin 11 $3,671,730.10 0.7299%
Total 1,514 $503,037,985.42 100.0000%
h) The following table sets forth information, as of the Cut-off Date, with
respect to the maturity dates of the Mortgage Loans in Pool 99-18:
YEAR OF # OF AGGREGATE BALANCES % OF POOL BY
MATURITY LOANS AS OF CUT-OFF DATE AGGREGATE BALANCE
-------- ----- ------------------ -----------------
2019 14 $4,658,184.80 0.9260%
2024 6 $1,778,771.42 0.3536%
2027 1 $825,528.76 0.1641%
2028 34 $11,144,073.58 2.2154%
2029 1,459 $484,631,426.86 96.3409%
Total 1,514 $503,037,985.42 100.0000%
The weighted average scheduled remaining term to maturity of the Mortgage Loans
in Pool 99-18 calculated as of the Cut-off Date is 356.88 months.
i) The following table sets forth information, as of the Cut-off Date, with
respect to the purpose of the Mortgage Loans in Pool 99-18:
# OF AGGREGATE BALANCES % OF POOL BY
PURPOSE OF LOAN LOANS AS OF CUT-OFF DATE AGGREGATE BALANCE
- --------------- ----- ------------------ -----------------
Purchase 1,143 $374,097,973.31 74.3677%
Rate Term/Refinance 359 $125,722,094.09 24.9926%
Cash-out Refinance 12 $3,217,918.02 0.6397%
Total 1,514 $503,037,985.42 100.0000%
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS AND EXHIBITS.
1.1 The Underwriting Agreement, dated as of May 22, 1996, and the related
Terms Agreement, dated as of September 23, 1999, for certain of the
Series 99-18 Certificates between GE Capital Mortgage Services, Inc.
and Lehman Brothers.
1.2 The Underwriting Agreement, dated as of September 21, 1995, and the
related Terms Agreement, dated as of September 23, 1999, for certain
of the Series 99-18 Certificates between GE Capital Mortgage Services,
Inc. and Bear, Stearns & Co. Inc..
4.1 The Pooling and Servicing Agreement for the Series 99-18 Certificates,
dated as of September 1,1999, between GE Capital Mortgage Services,
Inc., as seller and servicer, and State Street Bank and Trust Company,
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: Designated Officer
Dated as of September 23, 1999
<PAGE>
EXHIBIT INDEX
The exhibits are being filed herewith:
EXHIBIT NO. DESCRIPTION PAGE
----------- ----------- ----
1.1 The Underwriting Agreement, dated as of
May 22, 1996, and the related Terms
Agreement, dated as of September 23,
1999, for certain of the Series 99-18
Certificates between GE Capital Mortgage
Services, Inc. and Lehman Brothers.
1.2 The Underwriting Agreement, dated as of
September 21, 1995, and the related
Terms Agreement, dated as of September
23, 1999, for certain of the Series
99-18 Certificates between GE Capital
Mortgage Services, Inc. and Bear,
Stearns & Co. Inc.
4.1 The Pooling and Servicing Agreement for
the Series 99-18 Certificates, dated as
of September 1,1999, between GE Capital
Mortgage Services, Inc., as seller and
servicer, and State Street Bank and
Trust Company, as trustee.
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
Lehman Brothers Inc. New York, New York
American Express Tower May 22, 1996
Three World Financial Center
New York, New York 10285
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 to
you (the "Underwriter") 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 State Street Bank and Trust Company, as trustee (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 conventional, fixed rate, first
lien, fully amortizing, one- to four-family residential mortgage loans (the
"Mortgage Loans") having the original terms to maturity specified in the related
Terms Agreement referred to hereinbelow. 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.
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. 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. 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
Underwriter (the "Offered Certificates"), the principal balance or balances of
the Offered Certificates, each subject to any stated variance, and the price or
prices at which such Offered Certificates are to be purchased by the Underwriter
from the Company.
1. Representations and Warranties. (a) The Company represents and
warrants to and agrees with the Underwriter, 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
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 "Prospectus". Any reference herein to the terms "amend",
"amendment" or "supplement" with respect to the Registration
Statement, the 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 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 Date (as defined in Section 3 below), the related
Registration Statement and the related 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
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
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 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 Prospectus (or any supplement thereto) in reliance
upon and in conformity with written information furnished to the
Company by or on behalf of the Underwriter 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
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 Prospectus; will each, if
rated at the time of issuance in one of the two highest rating
categories by a nationally recognized statistical rating organization,
be when issued a "mortgage related security" as such term is defined
in Section 3(a)(41) of the Exchange Act, 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 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,
assuming the due authorization, execution and delivery thereof by the
Trustee, such Pooling and Servicing Agreement (on such Closing Date)
will 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 such Pooling and
Servicing 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 the Underwriter, and the Underwriter agrees to purchase from the
Company, all, but not less than all, of the related Offered Certificates 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.
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 Underwriter and the Company
(such date and time being herein called the "Closing Date"). Delivery of
such Offered Certificates shall be made to the Underwriter against payment
by the Underwriter 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 Underwriter may request not less than two
full business days in advance of each Closing Date.
The Company agrees to notify the Underwriter 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 Underwriter. It is understood that the Underwriter
proposes to offer the Offered Certificates of the related Series for sale
to the public as set forth in the related Prospectus.
5. Agreements. The Company agrees with the Underwriter that:
(a) The Company will cause the 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
Underwriter when such Prospectus as so supplemented has been so filed,
and prior to the termination of the Certificate Offering to which such
Prospectus relates also will promptly advise the Underwriter (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 Prospectus has been filed, (ii) of any
request by the Commission for any amendment of such Registration
Statement or 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
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 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 Underwriter 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
the 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 the 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 Underwriter 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 Underwriter prior to 10:30 a.m. In addition, if at any
time prior to the availability of the related Prospectus Supplement
the Underwriter has delivered to any prospective investor a Collateral
Term Sheet that reflects, in the reasonable judgment of the
Underwriter 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 Underwriter 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 Company by the Underwriter prior to 10:30
a.m. In each case, the Company will promptly advise the Underwriter
when such Current Report has been so filed. Each such Current Report
shall be incorporated by reference in the related Prospectus and the
related Registration Statement. Notwithstanding the five preceding
sentences, the Company shall have no obligation to file any materials
provided by the Underwriter pursuant to Sections 8 and 9 which, in the
reasonable determination of the Company after making reasonable
efforts to consult with the Underwriter, 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 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
Underwriter to the Company pursuant to Section 8 or Section 9 hereof.
(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 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 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
Prospectus other than any amendments or supplements of such
Computational Materials or Structural Term Sheets that are furnished
to the Company by the Underwriter pursuant to Section 8(e) hereof or
any amendments or supplements of such Collateral Term Sheets that are
furnished to the Company by the Underwriter pursuant to Section 9(d)
hereof which the Company determines to file in accordance therewith.
(d) The Company will furnish to the Underwriter and counsel for
the Underwriter, without charge, as many signed copies of the related
Registration Statement (including exhibits thereto) and, so long as
delivery of a prospectus by the Underwriter or dealer may be required
by the Act, as many copies of the related Prospectus and any
supplements thereto (other than exhibits to the related Current
Report) as the Underwriter may reasonably request.
(e) The Company will furnish such information, execute such
instruments and take such actions as may be reasonably requested by
the Underwriter to qualify the Offered Certificates of a Series for
sale under the laws of such jurisdictions as the Underwriter 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 Underwriter 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 or
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 Underwriter, insured to the satisfaction of the Underwriter (it
being understood that, except as provided in this paragraph (f) and in
Section 7 hereof, the Underwriter will pay all its own costs and
expenses, including the fees of Brown & Wood, counsel for the
Underwriter, transfer taxes on resale of any Offered Certificates by
it, advertising expenses connected with any offers that it may make,
the fees of KPMG Peat Marwick LLP with respect to its letters
furnished pursuant to Section 6(i) of this Agreement and any letter
furnished pursuant to the last sentence of Section 6(h) hereof, the
fees of any firm of public accountants selected by the Underwriter
with respect to their letter furnished pursuant to Section 8(c) of
this Agreement, 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 Underwriter. The obligations
of the Underwriter 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 Underwriter 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;
(ii) the related Pooling and Servicing 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 telephone
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; 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 Prospectus (except the financial
statements and schedules and the other financial and statistical
data included therein, the documents incorporated by reference
therein and the information included in the second sentence of
the antepenultimate paragraph, the first sentence of the
penultimate paragraph, and the last paragraph of the cover page
of such Prospectus Supplement and in the second and fourth
sentences of the first paragraph under the heading "Plan of
Distribution" therein, 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 statements therein not misleading or (B)
such Prospectus or any amendment or supplement thereto (except
the financial statements and schedules and the other financial
and statistical data included therein, the documents incorporated
by reference therein and the information included in the second
sentence of the antepenultimate paragraph, the first sentence of
the penultimate paragraph, and the last paragraph of the cover
page of such Prospectus Supplement and in the second and fourth
sentences of the first paragraph under the heading "Plan of
Distribution" therein, 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 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 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;
(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 as a REMIC: the related Trust Fund (and any specified
subgrouping therein) will qualify as a REMIC 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 the related REMIC within the
meaning of the Code, and each Class of such Certificates
specified in the related Prospectus as a Class of Residual
Certificates will constitute the "residual interest" in the
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"; and
(ix) assuming that some or all of the Offered Certificates
of the related Series shall be rated at the time of issuance in
one of the two highest rating categories by a nationally
recognized statistical rating organization, each Offered
Certificate so rated will be at the time of issuance, a "mortgage
related security" as such term is defined in Section 3(a)(41) of
the Exchange Act.
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 or the related Pooling and Servicing
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 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 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 law of the State of New York and the federal law
of the United States of America.
(c) The General Counsel for the Company shall have furnished to
the Underwriter 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 Prospectus
and to enter into and perform its obligations under this
Agreement, the related Terms Agreement, the related Pooling and
Servicing 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;
(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 or in the related Pooling and Servicing 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 or the related
Pooling and Servicing Agreement, nor the fulfillment of the terms
of the related Certificates, the related Pooling and Servicing
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 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 or such Pooling and Servicing
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 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, 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) The Underwriter shall have received from Brown & Wood,
counsel for the Underwriter, 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 Prospectus and such other related matters as
the Underwriter may reasonably require, and the Company shall have
furnished to such counsel such documents as the Underwriter may
reasonably request for the purpose of enabling them to pass upon such
matters.
(e) The Company shall have furnished to the Underwriter 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 Prospectus, the Detailed Description referred to
in such 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 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 Prospectus includes any untrue
statement of a material fact or omits to state any information
which the Prospectus states will be included in such Detailed
Description.
(f) Peabody & Arnold, counsel for the Trustee, shall have
furnished to the Underwriter 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 the
Commonwealth of Massachusetts 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;
(ii) the related Pooling and Servicing Agreement has been
duly authorized, executed and delivered by the Trustee and
constitutes the legal, 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
Massachusetts 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, 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 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 Massachusetts 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 Underwriter such
opinions as to the treatment of the Trust Fund for purposes of
Massachusetts tax law as are reasonably satisfactory to the
Underwriter.
(g) KPMG Peat Marwick LLP shall have furnished to the Underwriter
a letter, dated as of the date of the related Terms Agreement, in form
and substance satisfactory to the Underwriter, stating in effect that
they have performed certain specified procedures as a result of which
they have determined that such information as the Underwriter 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 Prospectus Supplement under the caption "Delinquency
and Foreclosure Experience of the Company" agrees with the accounting
records of the Company, excluding any questions of legal
interpretation.
(h) KPMG Peat Marwick LLP shall have furnished to the Underwriter
a letter, dated as of the related Closing Date, in form and substance
satisfactory to the Underwriter, stating in effect that they have
performed certain specified procedures as a result of which they have
determined that such information as the Underwriter 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 Prospectus Supplement
under the caption "Description of the Mortgage Pool and the Mortgaged
Proper- ties" or "Description of the Mortgage Pools and the Mortgaged
Properties", as the case may be, and in the Detailed Description
relating to such Prospectus Supplement 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 Underwriter 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
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.
(i) KPMG Peat Marwick LLP shall have furnished to the Underwriter
and the Company a letter or letters, dated as of the date of the
related Terms Agreement, in form and substance satisfactory to the
Underwriter 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 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 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 Prospectus, all of which shall be described by reference in
such letter, they have verified the mathematical accuracy of any
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 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 Prospectus; and
(iii) based upon the assumptions and methodology set forth
in such 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
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.
(j) The Offered Certificates of the related Series shall have
received the ratings specified in the related Terms Agreement (the
"Required Ratings").
(k) Prior to the related Closing Date, the Company shall have
furnished to the Underwriter such further information, certificates
and documents as the Underwriter may reasonably request.
(l) 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.
(m) 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 which the Underwriter concludes in its 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 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 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 Underwriter and its counsel, this Agreement (with
respect to the related Offered Certificates) and the related Terms
Agreement and all obligations of the Underwriter 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 Underwriter. 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 the Underwriter and each person who controls
the 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 or the related Prospectus, or in
any amendment thereof, or in the Detailed Description referred to in such
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 the Underwriter, as set forth below, when such are read in
conjunction with the related 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 the
Underwriter 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 information concerning the
characteristics of the Mortgage Loans furnished by the Company to the
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 Corrected Statement (as defined below) in such Prospectus (or
supplement thereto) shall not inure to the benefit of the Underwriter (or
any person controlling the 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 a supplement to such Prospectus 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 Prospectus (or supplement thereto) was
corrected (a "Corrected Statement") in such other supplement and such
supplement was furnished by the Company to the 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 the Underwriter (or
any person controlling the Underwriter) from whom the person asserting any
loss, claim, damage or liability received any Computational Materials (or
any written or electronic materials on which the Computational Materials
are based) or ABS Term Sheets 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 the
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 the
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) The Underwriter agrees 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 the Underwriter, but only
with reference to (A) written information furnished to the Company by
or on behalf of the Underwriter 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) furnished to
the Company by the Underwriter pursuant to Section 8 or Section 9 and
incorporated by reference in such Registration Statement or the
related 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 the
Underwriter may otherwise have. The Company acknowledges that the
statements set forth in the second sentence of the ante-penultimate
paragraph, the first sentence of the penultimate paragraph, and in the
last paragraph appearing on the cover page of the related Prospectus
Supplement as such statements relate to such Offered Certificates and
the second sentence of the first paragraph under the heading "Plan of
Distribution" in such Prospectus Supplement as such statements relate
to such Offered Certificates constitute the only information furnished
in writing by or on behalf of the Underwriter for inclusion in the
related Prospectus (other than any Computational Materials or ABS Term
Sheets (or amendments or supplements thereof) furnished to the Company
by the Underwriter), and the Underwriter confirms that such statements
are correct.
(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 the
indemnifying party under this Section 7, notify the indemnifying party
in writing of the commencement thereof; but the omission so to notify
the 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 of the commencement thereof, the
indemnifying party will be entitled to participate therein, and to the
extent that it may elect by written notice delivered to the
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 the indemnified party and
the indemnifying party and the 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 the indemnifying party, the 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 the indemnifying party to such indemnified party of its
election so to assume the defense of such action and approval by the
indemnified party of counsel, the indemnifying party 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) the 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
shall not be liable for the expenses of more than one separate counsel
approved by the indemnified party 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
shall not have employed counsel satisfactory to the indemnified party
to represent the indemnified party within a reasonable time after
notice of commencement of the action or (iii) the indemnifying party
has authorized the employment of counsel for the indemnified party at
the expense of the indemnifying party; 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 the
Underwriter, on grounds of policy or otherwise, or if the 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 the
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 the 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 Underwriter is 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
Prospectus Supplement for the related Series and the total
proceeds received by the Underwriter from the sale of such
Offered Certificates (the "Underwriting Discount"), and the
Company is responsible for the balance; provided, however, that
in no case shall the Underwriter be responsible under this
subparagraph (i) for any amount in excess of such Underwriting
Discount applicable to the Offered Certificates purchased by the
Underwriter 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 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 the 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 the Underwriter
within the meaning of either the Act or the Exchange Act shall have
the same rights to contribution as the 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) hereof, the Underwriter shall deliver to the Company five
complete copies of all materials provided by the Underwriter to prospective
investors in such Offered Certificates that 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"), the filing
of which 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"), the filing of which
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) The 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
pursuant to Section 8(a) constitute (either in original,
aggregated or consolidated form) all of the materials furnished
to prospective investors by the 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
pursuant to Section 8(a) constitute all of the materials
furnished to prospective investors by the 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; and
(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 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 related Prospectus and Prospectus
Supplement, omit to state a material fact required to be stated
therein or necessary to make the statements therein not
misleading.
Notwithstanding the foregoing, the 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 the Underwriter from the Company of notice of
such Corrected Mortgage Pool Error or materials superseding or
correcting such Corrected Mortgage Pool Error).
(c) The Underwriter shall cause a firm of public accountants to
furnish to the Company a letter, dated as of the date on which the
Underwriter delivers 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 by the Underwriter and set forth in such Computational
Materials.
(d) The 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 May 21, 1996 have been prepared and disseminated by the
Underwriter and not by or on behalf of the Company, and that such
materials included and shall include a disclaimer in form satisfactory
to the Company to the effect that such materials have been prepared
and disseminated by the Underwriter, and that the content and accuracy
of such materials have not been reviewed by 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 Prospectus as a
result of an untrue statement of a material fact contained in any
Computational Materials or Structural Term Sheets provided by the
Underwriter pursuant to this Section 8 or the omission to state
therein a material fact required, when considered in conjunction with
the related Prospectus and Prospectus Supplement, to be stated therein
or necessary to make the statements therein, when read in conjunction
with the related 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, the 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. The
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 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, that the 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 the 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 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 the Underwriter to the Company pursuant to this
paragraph (e) or (ii) such filing is not required under the Act.
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
any Offered Certificates, the Underwriter shall, in order to facilitate the
timely filing of such material with the Commission, notify the Company and
its counsel by telephone of its 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 such Offered
Certificates, the Underwriter shall deliver to the Company five complete
copies of all materials provided by the Underwriter to prospective
investors in the Offered Certificates that 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 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) The 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
pursuant to Section 9(a) constitute all of the materials
furnished to prospective investors by the 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; and
(ii) On the date any such Collateral Term Sheets with
respect to such Offered Certificates were last furnished to each
prospective investor 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 Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading.
Notwithstanding the foregoing, the 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 the
Underwriter from the Company of notice of such Corrected Mortgage Pool
Error or materials superseding or correcting such Corrected Mortgage
Pool Error).
(c) The 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 will have been
prepared and disseminated by the Underwriter and not by or on behalf
of the Company, and that such materials 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 the 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. The Underwriter agrees that it will not represent to prospective
investors that any Collateral Term Sheets were prepared or
disseminated on behalf of the Company.
(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 Prospectus as a
result of an untrue statement of a material fact contained in any
Collateral Term Sheets provided by the Underwriter pursuant to this
Section 9 or the omission to state therein a material fact required,
when considered in conjunction with the related Prospectus and
Prospectus Supplement, to be stated therein or necessary to make the
statements therein, when read in conjunction with the related
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,
the 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. The 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 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, the 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 the 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 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 the 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 Underwriter, 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 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 Underwriter, 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 Underwriter 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 Underwriter 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. 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 Underwriter
shall be deemed a successor or assign by reason of such purchase.
13. 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.
14. 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.
15. Notices. All communications hereunder will be in writing and
effective only on receipt, and, if sent to the Underwriter, will be
delivered to it 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.
<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 Underwriter.
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.
LEHMAN BROTHERS INC.
By:______________________________
Name:
Title:
<PAGE>
EXHIBIT A
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES ____-__
TERMS AGREEMENT
(to Underwriting Agreement,
dated May 22, 1996
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08002
Lehman Brothers Inc. (the "Underwriter") agrees, subject to the terms and
provisions herein and of the captioned Underwriting Agreement (the "Underwriting
Agreement"), to purchase such Classes of Series ____-__ Certificates specified
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 conventional, fixed rate, fully amortizing one- to
four-family residential mortgage loans (the "Mortgage Loans") having the
following characteristics as of ________ __, ____ (the "Cut-off Date"):
(a) Aggregate Principal Amount of the Mortgage Pool: $[ ] aggregate
principal balance as of the Cutoff Date, subject to [an upward or downward
variance of up to [ ]%, the precise aggregate principal balance to be
determined by the Company][a permitted variance such that the aggregate
Scheduled Principal Balance thereof will be not less than $[ ] or greater
than $[ ]].
(b) Original Terms to Maturity: The original term to maturity of each
Mortgage Loan included in the Mortgage Pool shall be between ___ and ___
years.
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 [
]%]:
Principal Interest Class Purchase
Class Balance Rate Price Percentage
(b) The Offered Certificates shall have such other characteristics as
described in the related 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.
<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,
LEHMAN BROTHERS INC.
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:
<PAGE>
Execution
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1999-18
TERMS AGREEMENT
(to Underwriting Agreement,
dated May 22, 1996,
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus September 20, 1999
Cherry Hill, NJ 08002
Lehman Brothers Inc. (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 1999-18 Certificates specified in
Section 2(a) 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
1999-18 Certificates are registered with the Securities and Exchange Commission
by means of an effective Registration Statement (Nos. 333-68951 and
333-68951-01). Capitalized terms used and not defined herein have the meanings
given them in the Underwriting Agreement.
Section 1. The Mortgage Pool: The Series 1999-18 Certificates shall
evidence the entire beneficial ownership interest in a mortgage pool (the
"Mortgage Pool") of conventional, fixed-rate, first-lien, fully-amortizing, one-
to four-family residential mortgage loans (the "Mortgage Loans") having the
following characteristics as of September 1, 1999 (the "Cut-off Date"):
(a) Aggregate Principal Amount of the Mortgage Pool: $503,037,985.42
aggregate principal balance as of the Cut-off Date, subject to a
permitted variance such that the aggregate original Certificate
Principal Balance will be not less than $475,000,000 or greater than
$525,000,000.
(b) Original Terms to Maturity: The original term to maturity of
substantially all of the Mortgage Loans included in the Mortgage Pool
shall be between 20 and 30 years.
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):
CLASS
PRINCIPAL INTEREST PURCHASE PRICE
CLASS BALANCE RATE PERCENTAGE
- ----- ------- ---- ----------
Class A1 $100,000,000 7.00% 95.21875%
Class A2 24,300,000 7.00 95.21875
Class A3 17,750,000 7.00 95.21875
Class A4 12,772,000 7.00 95.21875
Class A5 45,520,000 7.00 95.21875
Class A6 26,800,000 7.00 95.21875
Class A7 125,000,000 7.00 95.21875
Class A8 9,485,714 7.00 95.21875
Class A9 20,000,000 7.50 95.21875
Class A10 (1) 0.03 95.21875
Class A11 1,514,286 (2) 95.21875
Class A12 78,950,000 7.00 95.21875
Class A13 14,500,000 7.00 95.21875
Class R 100 7.00 95.21875
Class RL 100 7.00 95.21875
- -------------------------
(1) The Class A10 Certificates will have a Notional Principal Balance equal at
all times to the Class Certificate Principal Balance of the Class A9
Certificates.
(2) The Class A11 Certificates are principal-only Certificates and will not
accrue interest.
(b) The Offered Certificates shall have such other characteristics as
described in the related 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 initial interest rate per annum from and
including the Cut-off Date up to, but not including, September 23, 1999 (the
"Closing Date").
Section 4. Required Ratings: The Offered Certificates, other than the Class
A10 and Class A11 Certificates, shall have received Required Ratings of at least
"AAA" from each of Fitch IBCA, Inc. ("Fitch") and Standard and Poor's Rating
Services, a division of The McGraw-Hill Companies, Inc. ("S&P"). The Class A10
and Class A11 Certificates shall have received Required Ratings of "AAA" from
Fitch and "AAAr" from S&P.
Section 5. Tax Treatment: One or more elections will be made to treat the
assets of the Trust Fund as a REMIC.
Section 6. Rounding Account: On the Closing Date, the Underwriter shall
deliver to the Trustee by wire transfer or by certified check an amount equal to
$999.99 for deposit in each Rounding Account (as such term is defined in the
Prospectus Supplement).
<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,
LEHMAN BROTHERS INC.
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.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
Bear, Stearns & Co. Inc. New York, New York
245 Park Avenue September 21, 1995
New York, New York 10167
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 to
you (the "Underwriter") 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 State Street Bank and Trust Company, as trustee (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 conventional, first lien, one- to
four-family residential 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 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.
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, the Underwriter. 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. 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 Underwriter (the "Offered Certificates"), the principal balance or
balances of the Offered Certificates, each subject to any stated variance, and
the price or prices at which such Offered Certificates are to be purchased by
the Underwriter from the Company.
1. Representations and Warranties. (a) The Company represents and
warrants to and agrees with the Underwriter, 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
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 "Prospectus". Any reference herein to the terms "amend,"
"amendment" or "supplement" with respect to the Registration
Statement, the 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 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 Date (as defined in Section 3 below), the related
Registration Statement and the related 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
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
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 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 Prospectus (or any supplement thereto) in reliance
upon and in conformity with written information furnished to the
Company by or on behalf of the Underwriter 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
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 Prospectus; will each, if
rated at the time of issuance in one of the two highest rating
categories by a nationally recognized statistical rating organization,
be when issued a "mortgage related security" as such term is defined
in Section 3(a) (41) of the Exchange Act, 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 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,
assuming the due authorization, execution and delivery thereof by the
Trustee, such Pooling and Servicing Agreement (on such Closing Date)
will 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 such Pooling and
Servicing 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 the Underwriter, and the Underwriter agrees to purchase from the
Company, all, but not less than all, of the related Offered Certificates 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 shall take place on the settlement date agreed
upon at the time of the related transaction and set forth as the "Closing
Date" in the applicable Terms Agreement and not as set forth in Rule
15c6-l(a) of the Exchange Act.
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 Underwriter and the Company
(such date and time being herein called the "Closing Date"). Delivery of
such Offered Certificates shall be made to the Underwriter against payment
by the Underwriter of the Purchase Price thereof to or upon the order of
the Company by wire transfer in federal or other immediately available
funds. 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 Underwriter may request not
less than two full business days in advance of each Closing Date.
The Company agrees to notify the Underwriter 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 Underwriter. It is understood that the Underwriter
proposes to offer the Offered Certificates of the related Series for sale
to the public as set forth in the related Prospectus.
5. Agreements. The Company agrees with the Underwriter that:
(a) The Company will cause the 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
Underwriter when such Prospectus as so supplemented has been so filed,
and prior to the termination of the Certificate Offering to which such
Prospectus relates also will promptly advise the Underwriter (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 Prospectus has been filed, (ii) of any
request by the Commission for any amendment of such Registration
Statement or 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
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 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 Underwriter 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
the Underwriter to the Company pursuant to Section 8 to be filed with
the Commission on a Current Report on Form 8-K (a "Current Report")
pursuant to Rule 13a-1l under the Exchange Act on the business day
immediately following the day on which such Computational Materials
and Structural Term Sheets are delivered to counsel for the Company by
the Underwriter prior to 10:30 a.m. (and will use its best efforts to
cause such Computational Materials and Structural Term Sheets to be so
filed prior to 2:00 p.m., New York time, on such business day), and
will promptly advise the Underwriter when such Current Report has been
so filed. 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 Underwriter 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 Underwriter prior to 10:30 a.m. In addition, if at any
time prior to the availability of the related Prospectus Supplement,
the Underwriter has delivered to any prospective investor a subsequent
Collateral Term Sheet that reflects, in the reasonable judgment of the
Underwriter 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 Underwriter 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 Company by the Underwriter prior to 2:00
p.m. In each case, the Company will promptly advise the Underwriter
when such Current Report has been so filed. Each such Current Report
shall be incorporated by reference in the related Prospectus and the
related Registration Statement. Notwithstanding the five preceding
sentences, the Company shall have no obligation to file any materials
provided by the Underwriter pursuant to Sections 8 and 9 which (i) in
the reasonable determination of the Company are not required to be
filed pursuant to the Kidder Letters or the PSA Letter (each as
defined in Section 8 below), or (ii) contain erroneous information or
contain any untrue statement of a material fact or, when read in
conjunction with the 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 or ABS Term Sheets (as defined in Section 9 below) provided
by the Underwriter to the Company pursuant to Section 8 or Section 9
hereof. The Company shall give notice to the Underwriter of its
determination not to file any materials pursuant to clause (i) of the
preceding sentence and agrees to file such materials if the
Underwriter reasonably objects 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 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 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
Prospectus other than any amendments or supplements of such
Computational Materials or Structural Term Sheets that are furnished
to the Company by the Underwriter pursuant to Section 8(e) hereof or
any amendments or supplements of such Collateral Term Sheets that are
furnished to the Company by the Underwriter pursuant to Section 9(d)
hereof which are required to be filed in accordance therewith.
(d) The Company will furnish to the Underwriter and counsel for
the Underwriter, without charge, as many signed copies of the related
Registration Statement (including exhibits thereto) and, so long as
delivery of a prospectus by the Underwriter or dealer may be required
by the Act, as many copies of the related Prospectus and any
supplements thereto (other than exhibits to the related Current
Report) as the Underwriter may reasonably request.
(e) The Company will furnish such information, execute such
instruments and take such actions as may be reasonably requested by
the Underwriter to qualify the Offered Certificates of a Series for
sale under the laws of such jurisdictions as the Underwriter 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 Underwriter 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 or
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 Underwriter, insured to the satisfaction of the Underwriter (it
being understood that, except as provided in this paragraph (f) and in
Section 7 hereof, the Underwriter will pay all its own costs and
expenses, including the fees of Brown & Wood, counsel for the
Underwriter, transfer taxes on resale of any Offered Certificates by
it, advertising expenses connected with any offers that it may make,
the fees of KPMG Peat Marwick LLP with respect to its letters
furnished pursuant to Section 6(i) of the Agreement and any letter
furnished pursuant to the last sentence of Section 6(h) hereof, the
fees of any firm of public accountants selected by the Underwriter
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").
6. Conditions to the Obligations of the Underwriter. The obligations
of the Underwriter 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 Underwriter 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;
(ii) the related Pooling and Servicing 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; 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 Prospectus (except the financial
statements and schedules and the other financial and statistical
data included therein, the documents incorporated by reference
therein and the information included in the second sentence of
the antepenultimate paragraph, the first sentence of the
penultimate paragraph, and the last paragraph of the cover page
of such Prospectus Supplement and in the second and fourth
sentences of the first paragraph under the heading "Plan of
Distribution" therein, 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 statements therein not misleading or (B)
such Prospectus or any amendment or supplement thereto (except
the financial statements and schedules and the other financial
and statistical data included therein, the documents incorporated
by reference therein and the information included in the second
sentence of the antepenultimate paragraph, the first sentence of
the penultimate paragraph, and the last paragraph of the cover
page of such Prospectus Supplement and in the second and fourth
sentences of the first paragraph under the heading "Plan of
Distribution" therein, 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 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 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;
(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 as a REMIC: the related Trust Fund (and any specified
subgrouping therein) will qualify as a REMIC 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 the related REMIC within the
meaning of the Code, and each Class of such Certificates
specified in the related Prospectus as a Class of Residual
Certificates will constitute the "residual interest" in the
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"; and
(ix) assuming that some or all of the Offered Certificates
of the related Series shall be rated at the time of issuance in
one of the two highest rating categories by a nationally
recognized statistical rating organization, each Offered
Certificate so rated will be at the time of issuance, a "mortgage
related security" as such term is defined in Section 3(a)(41) of
the Exchange Act.
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 or the related Pooling and Servicing
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 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 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 law of the State of New York and the federal law
of the United States of America.
(c) The General Counsel for the Company shall have furnished to
the Underwriter 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 Prospectus
and to enter into and perform its obligations under this
Agreement, the related Terms Agreement, the related Pooling and
Servicing 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;
(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 or in the related Pooling and Servicing 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 or the related
Pooling and Servicing Agreement, nor the fulfillment of the terms
of the related Certificates, the related Pooling and Servicing
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 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 or such Pooling and Servicing
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 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, 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) The Underwriter shall have received from Brown & Wood,
counsel for the Underwriter, 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 Prospectus and such other related matters as
the Underwriter may reasonably require, and the Company shall have
furnished to such counsel such documents as the Underwriter may
reasonably request for the purpose of enabling them to pass upon such
matters.
(e) The Company shall have furnished to the Underwriter 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 Prospectus, the Detailed Description referred to
in such 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 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 Prospectus includes any untrue
statement of a material fact or omits to state any information
which the Prospectus states will be included in such Detailed
Description.
(f) Peabody & Arnold, counsel for the Trustee, shall have
furnished to the Underwriter 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 the
Commonwealth of Massachusetts 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;
(ii) the related Pooling and Servicing Agreement has been
duly authorized, executed and delivered by the Trustee and
constitutes the legal, 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
Massachusetts 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, 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 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 Massachusetts 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 Underwriter such
opinions as to the treatment of the Trust Fund for purposes of
Massachusetts tax law as are reasonably satisfactory to the
Underwriter.
(g) KPMG Peat Marwick LLP shall have furnished to the Underwriter
a letter, dated as of the date of the related Terms Agreement, in form
and substance satisfactory to the Underwriter, stating in effect that
they have performed certain specified procedures as a result of which
they have determined that such information as the Underwriter 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 Prospectus Supplement under the caption "Delinquency
and Foreclosure Experience of the Company" agrees with the accounting
records of the Company, excluding any questions of legal
interpretation.
(h) KPMG Peat Marwick LLP shall have furnished to the Underwriter
a letter, dated as of the related Closing Date, in form and substance
satisfactory to the Underwriter, stating in effect that they have
performed certain specified procedures as a result of which they have
determined that such information as the Underwriter 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 Prospectus Supplement
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 Prospectus Supplement 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 Underwriter 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
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.
(i) KPMG Peat Marwick LLP shall have furnished to the Underwriter
and the Company a letter or letters, dated as of the date of the
related Terms Agreement, in form and substance satisfactory to the
Underwriter 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 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 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 Prospectus, all of which shall be described by reference in
such letter, they have verified the mathematical accuracy of any
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 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 Prospectus; and
(iii) based upon the assumptions and methodology set forth
in such 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 pretax yields
and, if applicable, aggregate cash flows are set forth in such
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.
(j) The Offered Certificates of the related Series shall have
received the ratings specified in the related Terms Agreement (the
"Required Ratings").
(k) Prior to the related Closing Date, the Company shall have
furnished to the Underwriter such further information, certificates
and documents as the Underwriter may reasonably request.
(1) 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.
(m) 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 which the Underwriter concludes in its 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 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 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
Underwriter and its counsel, this Agreement (with respect to the related Offered
Certificates) and the related Terms Agreement and all obligations of the
Underwriter 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 Underwriter. 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 the Underwriter and each person who controls
the 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 or the related Prospectus, or in
any amendment thereof, or in the Detailed Description referred to in such
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
respect of which the Company agrees to indemnify the Underwriter, as set
forth below, when such are read in conjunction with the related 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 the Underwriter 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 information concerning the characteristics of the Mortgage
Loans furnished by the Company to the 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
Corrected Statement (as defined below) in such Prospectus (or supplement
thereto) shall not inure to the benefit of the Underwriter (or any person
controlling the 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 a
supplement to such Prospectus 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 Prospectus (or supplement thereto) was corrected (a
"Corrected Statement") in such other supplement and such supplement was
furnished by the Company to the 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 the Underwriter (or any person
controlling the Underwriter) from whom the person asserting any loss,
claim, damage or liability received any Computational Materials (or any
written or electronic materials on which the Computational Materials are
based) or ABS Term Sheets 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 the
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 the
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) The Underwriter agrees 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 the Underwriter, but only
with reference to (A) written information furnished to the Company by
or on behalf of the Underwriter 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 Tern Sheets (or amendments or supplements thereof) furnished to
the Company by the Underwriter pursuant to Section 8 and incorporated
by reference in such Registration Statement or the related 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 the Underwriter may
otherwise have. The Company acknowledges that the statements set forth
in the second sentence of the ante-penultimate paragraph, the first
sentence of the penultimate paragraph, and in the last paragraph
appearing on the cover page of the related Prospectus Supplement as
such statements relate to such Offered Certificates and the second
sentence of the first paragraph under the heading "Plan of
Distribution" in such Prospectus Supplement as such statements relate
to such Offered Certificates constitute the only information furnished
in writing by or on behalf of the Underwriter for inclusion in the
related Prospectus (other than any Computational Materials or ABS Term
Sheets (or amendments or supplements thereof) furnished to the Company
by the Underwriter), and the Underwriter confirms that such statements
are correct.
(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 the
indemnifying party under this Section 7, notify the indemnifying party
in writing of the commencement thereof; but the omission so to notify
the 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 of the commencement thereof, the
indemnifying party will be entitled to participate therein, and to the
extent that it may elect by written notice delivered to the
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 the indemnified party and
the indemnifying party and the 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 the indemnifying party, the 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 the indemnifying party to such indemnified party of its
election so to assume the defense of such action and approval by the
indemnified party of counsel, the indemnifying party 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) the 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
shall not be liable for the expenses of more than one separate counsel
approved by the indemnified party 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
shall not have employed counsel satisfactory to the indemnified party
to represent the indemnified party within a reasonable time after
notice of commencement of the action or (iii) the indemnifying party
has authorized the employment of counsel for the indemnified party at
the expense of the indemnifying party; 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 the
Underwriter, on grounds of policy or otherwise, or if the 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 the
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 the 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 Underwriter is 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
Prospectus Supplement for the related Series and the total
proceeds received by the Underwriter from the sale of such
Offered Certificates (the "Underwriting Discount"), and the
Company is responsible for the balance; provided, however, that
in no case shall the Underwriter be responsible under this
subparagraph (i) for any amount in excess of such Underwriting
Discount applicable to the Offered Certificates purchased by the
Underwriter 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 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; provided,
however, that in no case shall the Underwriter be responsible
under this subparagraph (ii) for any amount in excess of the
aggregate Purchase Price for the Offered Certificates. 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 the 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 the Underwriter
within the meaning of either the Act or the Exchange Act shall have
the same rights to contribution as the 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 2:00 p.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) hereof, the Underwriter shall deliver to the Company five complete
copies of all materials provided by the Underwriter 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) The 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
pursuant to Section 8(a) constitute (either in original,
aggregated or consolidated form) all of the materials furnished
to prospective investors by the 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
pursuant to Section 8(a) constitute all of the materials
furnished to prospective investors by the 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;
(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 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 related 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) or Structural Term Sheets furnished to
prospective investors contained and will contain a legend,
prominently displayed on the first page thereof, to the effect
that the Company has not prepared, reviewed or participated in
the preparation of such materials and is not responsible for the
accuracy thereof, and otherwise in form and substance
satisfactory to the Company.
Notwithstanding the foregoing, the 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 the Underwriter from the Company of notice of
such Corrected Mortgage Pool Error or materials superseding or
correcting such Corrected Mortgage Pool Error).
(c) The Underwriter shall cause a firm of public accountants to
furnish to the Company a letter, dated as of the date on which the
Underwriter delivers 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 by the Underwriter and set forth in such Computational
Materials.
(d) The Underwriter acknowledges and agrees that the Company has
not authorized and will not authorize the distribution of any
Computational Materials (or any written or electronic materials on
which the Computational Materials are based) or Structural Term Sheets
to any prospective investor, and agrees that any Computational
Materials or Structural Term Sheets with respect to any Series of
Certificates furnished to prospective investors from and after January
20, 1995 included and shall include a disclaimer in the form described
in paragraph (b) (iv) above. The 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 Prospectus as a
result of an untrue statement of a material fact contained in any
Computational Materials or structural Term Sheets provided by the
Underwriter pursuant to this Section 8 or the omission to state
therein a material fact required, when considered in conjunction with
the related Prospectus and Prospectus Supplement, to be stated therein
or necessary to make the statements therein, when read in conjunction
with the related 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, the 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. The
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 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, the 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 the
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 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 the
Underwriter to the Company pursuant to this paragraph (e) or (ii) the
Company reasonably determines that such filing is not required under
the Act and the Underwriter does not object as provided below. The
Company shall give notice to the Underwriter 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 Underwriter reasonably objects 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 Underwriter shall notify the Company and its
counsel by telephone of its 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 Underwriter shall deliver to the Company five complete
copies of all materials provided by the Underwriter 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 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) The 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
pursuant to Section 9(a) constitute all of the materials
furnished to prospective investors by the 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 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 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) the 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 the 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 8(b)(iv).
Notwithstanding the foregoing, the 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 the
Underwriter from the Company of notice of such Corrected Mortgage Pool
Error or materials superseding or correcting such Corrected Mortgage
Pool Error).
(c) The 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 the 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. The Underwriter agrees that it will not
represent to prospective investors that any Collateral Term Sheets
were prepared or disseminated on behalf of the Company.
(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 Prospectus as a
result of an untrue statement of a material fact contained in any
Collateral Term Sheets provided by the Underwriter pursuant to this
Section 9 or the omission to state therein a material fact required,
when considered in conjunction with the related Prospectus and
Prospectus supplement, to be stated therein or necessary to make the
statements therein, when read in conjunction with the related
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,
the 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. The 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 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, the 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 the 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 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 the Underwriter to the Company pursuant to this
paragraph (d) or (ii) such filing is not required under the Act. The
Company shall give notice to the Underwriter of its determination not
to file an amendment or supplement pursuant to clause (ii) of the
preceding sentence.
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 Underwriter, 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 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 Underwriter, 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 Underwriter 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 Underwriter 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. 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 Underwriter
shall be deemed a successor or assign by reason of such purchase.
13. 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.
14. 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.
15. Notices. All communications hereunder will be in writing and
effective only on receipt, and, if sent to the Underwriter, will be
delivered to it 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.
<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 Underwriter.
Very truly yours,
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Syed W. Ali
-----------------------------
Name: Syed W. Ali
Title: Vice President
The foregoing Agreement is hereby confirmed and accepted as of the date first
above written.
BEAR, STEARNS & CO. INC.
By: ____________________
Name:
Title:
<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 Underwriter.
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.
BEAR, STEARNS & CO. INC.
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 [ ], 1995
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08034
Bear, Stearns & Co. Inc. (the "Underwriter") agrees, subject to the terms
and provisions herein and of the captioned Underwriting Agreement (the
"Underwriting Agreement"), to purchase such Classes of Series ____-___
Certificates specified 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 conventional, fixed rate, fully amortizing one- to
four-family residential mortgage loans (the "Mortgage Loans") having the
following characteristics as of ________ __, ____ (the "Cut-off Date"):
(a) Aggregate Principal Amount of the Mortgage Pool: $[ ] aggregate
principal balance as of the Cutoff Date, subject to [an upward or downward
variance of up to [ ]%, the precise aggregate principal balance to be
determined by the Company) [a permitted variance such that the aggregate
Scheduled Principal Balance thereof will be not less than $[ ] or greater
than $[ ]].
(b) Original Terms to Maturity: The original term to maturity of each
Mortgage Loan included in the Mortgage Pool shall be between ___ and ___
years.
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 [
]3%]:
Class Purchase
Class Principal Balance Interest Rate Price Percentage
(b) The Offered Certificates shall have such other characteristics as
described in the related 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:]*
<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 Underwriter.
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.
BEAR, STEARNS & CO. INC.
By:_____________________
Name:
Title:
- -------------------------
* to be inserted if applicable.
<PAGE>
Execution
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1999-18
TERMS AGREEMENT
(to Underwriting Agreement,
dated September 21, 1995,
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus September 20, 1999
Cherry Hill, NJ 08002
Bear, Stearns & Co. Inc. (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 1999-18
Certificates specified in Section 2(a) 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 1999-18 Certificates are registered with the Securities and Exchange
Commission by means of an effective Registration Statement (Nos. 333-68951 and
333-68951-01). Capitalized terms used and not defined herein have the meanings
given them in the Underwriting Agreement.
Section 1. The Mortgage Pool: The Series 1999-18 Certificates shall
evidence the entire beneficial ownership interest in a mortgage pool (the
"Mortgage Pool") of conventional, fixed-rate, first-lien, fully-amortizing, one-
to four-family residential mortgage loans (the "Mortgage Loans") having the
following characteristics as of September 1, 1999 (the "Cut-off Date"):
(a) Aggregate Principal Amount of the Mortgage Pool: $503,037,985.42
aggregate principal balance as of the Cut-off Date, subject to a
permitted variance such that the aggregate original Certificate
Principal Balance will be not less than $475,000,000 or greater than
$525,000,000.
(b) Original Terms to Maturity: The original term to maturity of
substantially all of the Mortgage Loans included in the Mortgage Pool
shall be between 20 and 30 years.
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):
PRINCIPAL INTEREST CLASS PURCHASE PRICE
CLASS BALANCE RATE PERCENTAGE
- ----- ------- ---- ----------
Class M $9,557,000 7.00% 93.32145%
Class B1 3,773,000 7.00 91.99765
Class B2 2,012,000 7.00 84.93000
(b) The Offered Certificates shall have such other characteristics as
described in the related 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 initial interest rate per annum from and
including the Cut-off Date up to, but not including, September 23, 1999 (the
"Closing Date").
Section 4. Required Ratings: The Class M, Class B1 and Class B2
Certificates shall have received Required Ratings of "AA," "A" and "BBB,"
respectively, from Fitch IBCA, Inc.
Section 5. Tax Treatment: One or more elections will be made to treat the
assets of the Trust Fund as a REMIC.
<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,
BEAR, STEARNS & CO. INC.
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
STATE STREET BANK AND TRUST COMPANY,
Trustee
POOLING AND SERVICING AGREEMENT
Dated as of September 1, 1999
GE Capital Mortgage Services, Inc.,
1999-18 Trust
================================================================================
<PAGE>
Table of Contents
Page
----
<TABLE>
<CAPTION>
ARTICLE I
DEFINITIONS
<S> <C> <C>
Section 1.01. Definitions................................................................................1
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01. Conveyance of Mortgage Loans..............................................................33
Section 2.02. Acceptance by Trustee.....................................................................37
Section 2.03. Representations and Warranties of the Company; Mortgage Loan Repurchase...................38
Section 2.04. Execution of Certificates.................................................................43
Section 2.05. The REMICs; Designations under the REMIC Provisions.......................................43
ARTICLE III
ADMINISTRATION AND SERVICING OF MORTGAGE LOANS
Section 3.01. Company to Act as Servicer................................................................44
Section 3.02. Collection of Certain Mortgage Loan Payments; Mortgage Loan Payment Record;
Certificate Account....................................................................47
Section 3.03. Collection of Taxes, Assessments and Other Items..........................................50
Section 3.04. Permitted Debits to the Mortgage Loan Payment Record......................................50
Section 3.05. Maintenance of the Primary Insurance Policies.............................................51
Section 3.06. Maintenance of Hazard Insurance...........................................................52
Section 3.07. Assumption and Modification Agreements....................................................53
Section 3.08. Realization Upon Defaulted Mortgage Loans.................................................53
Section 3.09. Trustee to Cooperate; Release of Mortgage Files...........................................56
Section 3.10. Servicing Compensation; Payment of Certain Expenses by the Company........................57
Section 3.11. Reports to the Trustee....................................................................57
Section 3.12. Annual Statement as to Compliance.........................................................57
Section 3.13. Annual Independent Public Accountants' Servicing Report...................................58
Section 3.14. Access to Certain Documentation and Information Regarding the Mortgage Loans..............58
Section 3.15. Maintenance of Certain Servicing Policies.................................................58
Section 3.16. Optional Purchase of Defaulted Mortgage Loans.............................................59
ARTICLE IV
PAYMENTS AND STATEMENTS
Section 4.01. Distributions.............................................................................59
Section 4.02. Method of Distribution....................................................................63
Section 4.03. Allocation of Losses......................................................................64
Section 4.04. Monthly Advances; Purchases of Defaulted Mortgage Loans...................................66
Section 4.05. Statements to Certificateholders..........................................................67
Section 4.06. Servicer's Certificate....................................................................69
Section 4.07. Reports of Foreclosures and Abandonments of Mortgaged Property............................69
Section 4.08. Reduction of Servicing Fees by Compensating Interest Payments.............................69
Section 4.09. Surety Bond...............................................................................69
Section 4.10. Distributions to Holders of Designated Retail Certificates................................69
ARTICLE V
THE CERTIFICATES
Section 5.01. The Certificates..........................................................................74
Section 5.02. Registration of Transfer and Exchange of Certificates.....................................76
Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.........................................81
Section 5.04. Persons Deemed Owners.....................................................................81
Section 5.05. Access to List of Certificateholders' Names and Addresses.................................81
Section 5.06. Representation of Certain Certificateholders..............................................82
Section 5.07. Determination of COFI.....................................................................82
Section 5.08. Determination of LIBOR....................................................................83
ARTICLE VI
THE COMPANY
Section 6.01. Liability of the Company..................................................................84
Section 6.02. Merger or Consolidation of, or Assumption of the Obligations of, the Company..............84
Section 6.03. Assignment................................................................................84
Section 6.04. Limitation on Liability of the Company and Others.........................................85
Section 6.05. The Company Not to Resign.................................................................85
ARTICLE VII
DEFAULT
Section 7.01. Events of Default.........................................................................86
Section 7.02. Trustee to Act; Appointment of Successor..................................................87
Section 7.03. Notification to Certificateholders........................................................88
ARTICLE VIII
THE TRUSTEE
Section 8.01. Duties of Trustee.........................................................................88
Section 8.02. Certain Matters Affecting the Trustee.....................................................89
Section 8.03. Trustee Not Liable for Certificates or Mortgage Loans.....................................90
Section 8.04. Trustee May Own Certificates..............................................................90
Section 8.05. The Company to Pay Trustee's Fees and Expenses............................................91
Section 8.06. Eligibility Requirements for Trustee......................................................91
Section 8.07. Resignation or Removal of Trustee.........................................................91
Section 8.08. Successor Trustee.........................................................................92
Section 8.09. Merger or Consolidation of Trustee........................................................92
Section 8.10. Appointment of Co-Trustee or Separate Trustee.............................................93
Section 8.11. Compliance with REMIC Provisions; Tax Returns.............................................94
ARTICLE IX
TERMINATION
Section 9.01. Termination upon Repurchase by the Company or Liquidation of All Mortgage Loans...........94
Section 9.02. Additional Termination Requirements.......................................................95
ARTICLE X
MISCELLANEOUS PROVISIONS
Section 10.01. Amendment................................................................................96
Section 10.02. Recordation of Agreement.................................................................97
Section 10.03. Limitation on Rights of Certificateholders...............................................97
Section 10.04. Governing Law............................................................................98
Section 10.05. Notices..................................................................................98
Section 10.06. Notices to the Rating Agencies...........................................................98
Section 10.07. Severability of Provisions...............................................................99
Section 10.08. Certificates Nonassessable and Fully Paid................................................99
</TABLE>
<PAGE>
Exhibits
- --------
EXHIBIT A Forms of Certificates
EXHIBIT B Principal Balance Schedules
EXHIBIT C Mortgage Loans (including list of Cooperative 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 Designated Loans
EXHIBIT N Schedule of Pledged Asset Mortgage Loans
EXHIBIT O Senior Principal Priorities
EXHIBIT P Schedule of CashSaver Mortgage Loans
<PAGE>
THIS POOLING AND SERVICING AGREEMENT, dated as of September 1, 1999,
between GE CAPITAL MORTGAGE SERVICES, INC., a corporation organized and existing
under the laws of the State of New Jersey, and STATE STREET BANK AND TRUST
COMPANY, a Massachusetts banking corporation, 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 State Street Bank and Trust Company 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:
Accretion Directed Certificate: Any Class A3, Class A4, Class A5 or
Class A13 Certificate.
Accretion Directed Component: None.
Accretion Termination Date: With respect to the Class A6 Certificates,
the earlier to occur of (1) the Distribution Date on which the Class
Certificate Principal Balance of each of the Class A4, Class A13 and Class
A5 Certificates has been reduced to zero and (2) the Cross-Over Date.
Accrual Amount: As to any Class of Accrual Certificates and any
Accrual Component and each Distribution Date through the related Accretion
Termination Date, the sum of (x) any amount of Accrued Certificate Interest
allocable to such Class or Component pursuant to Section 4.01(a)(i) on such
Distribution Date and (y) any amount of Unpaid Class Interest Shortfall
allocable to such Class or Component pursuant to Section 4.01(a)(ii) on
such Distribution Date, to the extent that such amounts are distributed to
any Accretion Directed Certificates and any Accretion Directed Components
pursuant to Section 4.01(e). As to any Class of Accrual Certificates and
any Accrual Component and each Distribution Date after the related
Accretion Termination Date, zero.
Accrual Certificates: Any Class A6 Certificate.
Accrual Component: None.
Accrued Certificate Interest: As to any Distribution Date and any
Class of Certificates (other than any Class of Principal Only Certificates
and any Class of Certificates consisting of Specified Components), interest
accrued during the related Interest Accrual Period at the applicable
Certificate Interest Rate on the Class Certificate Principal Balance (or,
in the case of any Class of Notional Certificates other than the Class S
Certificates, on the aggregate Notional Principal Balance) thereof
immediately prior to (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. As to any Distribution Date and any Specified
Component (other than any Principal Only Component), interest accrued
during the related Interest Accrual Period at the applicable Component
Interest Rate on the Component Principal Balance (or Notional Component
Principal Balance) thereof immediately prior to such Distribution Date,
calculated on the basis of a 360-day year consisting of twelve 30-day
months. As to any Distribution Date and any Class of Certificates
consisting of Specified Components, the aggregate of Accrued Certificate
Interest on such Specified Components for such Distribution Date.
Accrued Certificate Interest on each Class of Certificates (other than
any Class of Principal Only Certificates and any Class of Certificates
consisting of Specified Components) and any Specified Component (other than
any Principal Only Component) shall be reduced by such Class's or Specified
Component'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 (x) the Classes of Certificates (other than
any Class of Principal Only Certificates and any Class of Certificates
consisting of Specified Components) and (y) the Specified Components (other
than any Principal Only Component) of any Component Certificate in
proportion to the respective amounts of Accrued Certificate Interest that
would have resulted absent such shortfall or losses.
Additional Collateral: With respect to any Mortgage 100SM Loan, the
marketable securities held from time to time as security for the repayment
of such Mortgage 100SM Loan and any related collateral. With respect to any
Parent PowerSM Loan, the third-party guarantee for such Parent PowerSM
Loan, together with (i) any marketable securities held from time to time as
security for the performance of such guarantee and any related collateral
or (ii) any mortgaged property securing the performance of such guarantee,
the related home equity line of credit loan and any related collateral.
With respect to any CashSaver Mortgage Loan, the cash and/or marketable
securities held from time to time as security for the repayment of such
CashSaver Mortgage Loan and any related collateral.
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
Optimal Principal 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 and the denominator of which is
the aggregate Class Certificate Principal Balance of the Junior
Certificates.
(b) As to any Distribution Date and amounts distributable pursuant to
clauses (ii), (iv) and (v) of the definition of Junior Optimal Principal
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 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, and (ii) monthly
payments of principal and interest due subsequent to the preceding Due
Date.
Anniversary Determination Date: The Determination Date occurring in
October of each year that the Certificates are outstanding, commencing in
October 2000.
Assignment of Proprietary Lease: With respect to a Cooperative Loan,
the assignment of the related Proprietary Lease from the Mortgagor to the
originator of the Cooperative Loan.
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 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 and any Compensating Interest 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
Record pursuant to clause (vi) of Section 3.02(b), 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.
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 $192,469, as reduced by the aggregate amount of Deficient Valuations
and Debt Service Reductions since the Cut-off 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 and Debt Service Reductions 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 Determination Date as reduced by any Deficient
Valuations and Debt Service Reductions for the preceding Distribution Date,
and (y) the greater of (i) the Fitch Formula Amount for such Anniversary
Determination Date and (ii) the 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.
BBA: The British Bankers' Association.
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 R, Class
RL, Class PO and Class S Certificates, constitutes a Class of Book-Entry
Certificates.
Book-Entry Nominee: As defined in Section 5.02(b).
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.
CashSaver Mortgage Loan: A Mortgage Loan identified on Exhibit P
hereof that has a Loan-to-Value Ratio at origination of a minimum of 97%
and a maximum of 100% and that is secured by Additional Collateral.
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 the Class S Certificates or any LIBOR Certificates, and as of
any Distribution Date, the per annum rate specified or described in Section
5.01(b). With respect to any Class of LIBOR Certificates, the per annum
variable rate at any time at which interest accrues on the Certificates of
such Class, as determined pursuant to Section 5.01(f). With respect to the
Class S Certificates and any Distribution Date, the Strip Rate for such
Distribution Date.
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 (plus, in the case of any
Accrual Certificate, its Percentage Interest of any related Accrual Amount
for each previous Distribution Date) 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 or Lower-Tier Interests, as the case may be,
bearing the same class designation.
Class A12 Percentage: With respect to any Distribution Date, the
lesser of (i) 100% and (ii) the percentage (carried to six decimal places
rounded up) obtained by dividing (x) the sum of the aggregate Certificate
Principal Balance of the Class A12 Certificates immediately preceding such
Distribution Date plus $49,000,000, by (y) the aggregate Certificate
Principal Balance of all the Certificates (other than the Class PO
Certificates) immediately preceding such Distribution Date.
Class A12 Prepayment Distribution Percentage: 0% through the
Distribution Date in September 2004; 30% thereafter through the
Distribution Date in September 2005; 40% thereafter through the
Distribution Date in September 2006; 60% thereafter through the
Distribution Date in September 2007; 80% thereafter through the
Distribution Date in September 2008; and 100% thereafter.
Class A12 Principal Distribution Amount: With respect to any
Distribution Date, the sum of (a) the total of the amounts described in
clauses (i) and (iii) of the definition of Senior Optimal Principal Amount
for such date (determined without application of the Senior Percentage or
the Senior Prepayment Percentage) multiplied by the Class A12 Scheduled
Distribution Percentage for such date and (b) the total of the amounts
described in clauses (ii), (iv) and (v) of the definition of Senior Optimal
Principal Amount for such date (determined without application of the
Senior Prepayment Percentage) multiplied by the product of (x) the Class
A12 Percentage for such date and (y) the Class A12 Prepayment Distribution
Percentage for such date.
Class A12 Scheduled Distribution Percentage: With respect to any
Distribution Date through the Distribution Date in September 2004, 0%. The
Class A12 Scheduled Distribution Percentage for any Distribution Date after
the Distribution Date in September 2004 will equal the Class A12 Percentage
for such Distribution Date.
Class B Certificate: Any Class B1, Class B2, Class B3, Class B4 or
Class B5 Certificate.
Class Certificate Principal Balance: As to any Class of Certificates,
other than any Class of Notional Certificates, and as of 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 or any
Class consisting of Specified Components) or any Specified Component, any
amount by which the amount distributed to Holders of such Class of
Certificates or in respect of such Specified Component (or added to the
Class Certificate Principal Balance of any Class of Accrual Certificates or
to the Component Principal Balance of any Accrual Component constituting a
Specified Component) on such Distribution Date pursuant to Sections
4.01(a)(i), (a)(v), (a)(viii), (a)(xi), (a)(xiv), (a)(xvii) or (a)(xx), as
applicable), is less than the Accrued Certificate Interest thereon or in
respect thereof for such Distribution Date. As to any Distribution Date and
any Class of Certificates consisting of Specified Components, the sum of
the Class Interest Shortfalls for such Components on such date.
Class PO Deferred Amount: As to any Distribution Date on or prior to
the Cross-Over Date, the aggregate of the applicable PO Percentage of the
principal portion of each Realized Loss, other than any Excess Loss, to be
allocated to the Class PO Certificates on such Distribution Date or
previously allocated to the Class PO Certificates and not yet paid to the
Holders of the Class PO Certificates pursuant to Section 4.01(a)(iv).
Class PO Principal Distribution Amount: As to any Distribution Date,
an amount equal to the sum of the applicable PO Percentage of:
(i) the principal portion of each Monthly Payment due on the related
Due Date on each Outstanding Mortgage Loan as of such Due Date as specified
in the amortization schedule at the time applicable thereto (after
adjustments for previous Principal Prepayments and the principal portion of
Debt Service Reductions subsequent to the Bankruptcy Coverage Termination
Date but before any adjustment to such amortization schedule by reason of
any bankruptcy (except as aforesaid) or similar proceeding or any
moratorium or similar waiver or grace period);
(ii) all principal prepayments in part received during the related
Prepayment Period, together with the Scheduled Principal Balance (as
reduced by any Deficient Valuation occurring on or prior to the Bankruptcy
Coverage Termination Date) of each Mortgage Loan which was the subject of a
Voluntary Principal Prepayment in full during the related Prepayment
Period;
(iii) the sum of (A) all Net Liquidation Proceeds allocable to
principal received in respect of each Mortgage Loan that became a
Liquidated Mortgage Loan during the related Prepayment Period (other than
Mortgage Loans described in clause (B)) and (B) the principal balance of
each Mortgage Loan purchased by an insurer from the Trustee pursuant to the
related Primary Insurance Policy, in each case during the related
Prepayment Period;
(iv) the Scheduled Principal Balance (as reduced by any Deficient
Valuation occurring on or prior to the Bankruptcy Coverage Termination
Date) 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 Substitution Amount for any Mortgage Loan substituted during
the month of such Distribution Date; for purposes of this clause (v), the
definition of "Substitution Amount" shall be modified to reduce the
Scheduled Principal Balance of the Mortgage Loan that is substituted for by
any Deficient Valuation occurring on or prior to the Bankruptcy Coverage
Termination Date.
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.
Closing Date: September 23, 1999.
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.
COFI: The monthly weighted average cost of funds for savings
institutions the home offices of which are located in Arizona, California,
or Nevada that are member institutions of the Eleventh Federal Home Loan
Bank District, as computed from statistics tabulated and published by the
Federal Home Loan Bank of San Francisco in its monthly Information
Bulletin.
COFI Certificates: None.
COFI Determination Date: As to each Interest Accrual Period for any
COFI Certificates, the last Business Day of the calendar month preceding
the commencement of such Interest Accrual Period.
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 Pool Scheduled
Principal Balance 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.
Component: Any of the components of a Class of Component Certificates
having the designations and the initial Component Principal Balances as
follows:
Initial Component
Designation Principal Balance
----------- -----------------
N/A N/A
Component Certificate: None.
Component Interest Rate: None.
Component Principal Balance: As of any Distribution Date, and with
respect to any Component, other than any Notional Component, the initial
Component Principal Balance thereof (as set forth, as applicable, in the
definition of Component) (plus, in the case of any Accrual Component, any
related Accrual Amount for each previous Distribution Date) less the sum of
(x) all amounts distributed in reduction thereof on previous Distribution
Dates pursuant to Section 4.01 and (y) the amount of all Realized Losses
allocated thereto pursuant to Section 4.03(d).
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.
Cooperative: A private, cooperative housing corporation organized in
accordance with applicable state laws which owns or leases land and all or
part of a building or buildings located in the relevant state, including
apartments, spaces used for commercial purposes and common areas therein
and whose board of directors authorizes, among other things, the sale of
Cooperative Stock.
Cooperative Apartment: A dwelling unit in a multi-dwelling building
owned or leased by a Cooperative, which unit the Mortgagor has an exclusive
right to occupy pursuant to the terms of one or more Proprietary Leases.
Cooperative Loans: Any of the Mortgage Loans made in respect of a
Cooperative Apartment, evidenced by a Mortgage Note and secured by (i) a
Security Agreement, (ii) the related Cooperative Stock Certificate(s),
(iii) an assignment of the Proprietary Lease(s), (iv) financing statements
and (v) a stock power (or other similar instrument), and in addition
thereto, a recognition agreement between the Cooperative and the originator
of the Cooperative Loan, each of which was transferred and assigned to the
Trustee pursuant to Section 2.01 and are from time to time held as part of
the Trust Fund. The Mortgage Loans identified as such in Exhibit C hereto
are Cooperative Loans.
Cooperative Stock: With respect to a Cooperative Loan, the single
outstanding class of stock, partnership interest or other ownership
instrument in the related Cooperative.
Cooperative Stock Certificate: With respect to a Cooperative Loan, the
stock certificate(s) or other instrument evidencing the related Cooperative
Stock.
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
225 Franklin Street, Boston, Massachusetts 02110, Attention: Corporate
Trust Department.
Corresponding Class: With respect to any Class of Lower-Tier
Interests, the Class or Classes of Certificates or Components, 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: September 1, 1999.
Debt Service Reduction: As to any Mortgage Loan and any Determination
Date, the excess of (a) the then current Monthly Payment for such Mortgage
Loan over (b) the amount of the monthly payment of principal and interest
required to be paid by the Mortgagor as established by a court of competent
jurisdiction 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.).
Deceased Holder: With respect to a Holder of any Designated Retail
Certificate, as defined in Section 4.10(b).
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 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.
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(a)(5) 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 listed in Exhibit M hereto.
Designated Maturity: Thirty years.
Designated Rate: 7.00% per annum.
Designated Retail Certificate: Any Class A9 Certificate.
Designated Telerate Page: The Dow Jones Telerate Service page 3750 (or
such other page as may replace page 3750 on that service or such other
service as may be nominated by the BBA for the purpose of displaying the
Interest Settlement Rates).
Determination Date: With respect to any Distribution Date, the fifth
Business Day prior thereto.
Discount Mortgage Loan: Any Mortgage Loan with a Net Mortgage Rate
less than the Designated Rate.
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 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: The first day of the month of the related Distribution Date.
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 S&P 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 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 Debt Service
Reduction, 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.
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.
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.
Formula Amount: As to each Anniversary Determination Date, the greater
of (i) $100,000 and (ii) the product of (x) 0.06% and (y) the Scheduled
Principal Balance of each Mortgage Loan remaining in the Mortgage Pool
whose original principal balance was 75% or greater of the Original Value
thereof.
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
$5,030,380 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 to the fifth 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% (from the first to but excluding
the third anniversaries of the Cut-off Date) or 0.5% (from and including
the third to but excluding the fifth anniversaries of the Cut-off Date) 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. On or
after the fifth anniversary of the Cut-off Date the Fraud Loss Amount shall
be zero.
Group I Final Distribution Date: The Distribution Date on which the
aggregate Certificate Principal Balance of the Group I Senior Certificates
is reduced to zero.
Group I Senior Certificate: Any Class A1, Class A2, Class A3, Class
A4, Class A5, Class A6, Class A7, Class A8, Class A9, Class A11, Class A13,
Class R or Class RL Certificate.
Initial Certificate Principal Balance: With respect to any
Certificate, other than a Notional Certificate, the Certificate Principal
Balance of such Certificate or any predecessor Certificate on the Closing
Date.
Initial LIBOR Rate: None.
Insurance Proceeds: Proceeds paid pursuant to the Primary Insurance
Policies, if any, and amounts paid by any insurer pursuant to any other
insurance policy covering a Mortgage Loan.
Insured Expenses: Expenses covered by the Primary Insurance Policies,
if any, or any other 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)
or Component, 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 and Debt Service Reductions.
Interest Settlement Rate: With respect to any Interest Accrual Period,
the rate (expressed as a percentage per annum) for one-month U.S. Dollar
deposits reported by the BBA at 11:00 a.m. London time on the related LIBOR
Determination Date and as it appears on the Designated Telerate Page.
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) partial principal prepayments: one month's interest at the
applicable Net Mortgage Rate on the amount of such prepayment;
(B) principal prepayments in full 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 Scheduled
Principal Balance of such Mortgage Loan immediately prior to such
prepayment and (ii) the amount of interest for the calendar month of
such prepayment (adjusted to the applicable Net Mortgage Rate)
received at the time of such prepayment;
(C) principal prepayments in full 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 the fifteenth day of the month of such Distribution Date: none;
and
(D) Relief Act Mortgage Loans: As to any 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 Scheduled 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 Scheduled 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.
Junior Certificate: Any Class M or Class B Certificate.
Junior Optimal Principal 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 the applicable Non-PO Percentage of the
principal portion of each Monthly Payment due on the related Due Date on
each Outstanding Mortgage Loan as of such Due Date as specified in the
amortization schedule at the time applicable thereto (after adjustment for
previous Principal Prepayments and the principal portion of Debt Service
Reductions subsequent to the Bankruptcy Coverage Termination Date but
before any adjustment to such amortization schedule by reason of any
bankruptcy (other than as aforesaid) or similar proceeding or any
moratorium or similar waiver or grace period);
(ii) the Junior Prepayment Percentage of the applicable Non-PO
Percentage of all principal prepayments in part received during the related
Prepayment Period, and 100% of any Senior Optimal Principal Amount not
distributed to the Senior Certificates on such Distribution Date, together
with the Junior Prepayment Percentage of the applicable Non-PO Percentage
of the Scheduled Principal Balance of each Mortgage Loan which was the
subject of a Voluntary Principal Prepayment in full during the related
Prepayment Period;
(iii) the excess, if any, of (x) the applicable Non-PO 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 the related Primary Insurance Policy,
over (y) the amount distributable pursuant to clause (iii) of the
definition of Senior Optimal Principal Amount on such Distribution Date;
(iv) the Junior Prepayment Percentage of the applicable Non-PO
Percentage of the Scheduled 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 applicable Non-PO
Percentage of the Substitution Amount for any Mortgage Loan substituted
during the month of such Distribution Date.
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.
After the Class Certificate Principal Balances of the Junior
Certificates have been reduced to zero, the Junior Optimal Principal Amount
shall be zero.
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 other than the Class PO 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.
Latest Possible Maturity Date: September 25, 2031.
LIBOR: With respect to any Interest Accrual Period, the per annum rate
determined, pursuant to Section 5.08, on the basis of the Interest
Settlement Rate or as otherwise provided in such Section.
LIBOR Certificate: None.
LIBOR Determination Date: The second London Banking Day immediately
preceding the commencement of each Interest Accrual Period for any LIBOR
Certificates.
Liquidated Mortgage Loan: Any defaulted Mortgage Loan as to which the
Company has determined that all amounts which it expects to recover on
behalf of the Trust Fund from or on account of such 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 under any Primary Insurance Policy for reasons
other than the Company's failure to comply with Section 3.05, such expenses
including, without limitation, legal fees and expenses, and, regardless of
when incurred, any unreimbursed amount expended by the Company pursuant to
Section 3.03 or 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.
Living Holder: Any Certificate Owner of a Designated Retail
Certificate, other than a Deceased Holder.
Loan-to-Value Ratio: With respect to each Mortgage Loan, the original
principal amount of such Mortgage Loan, divided by the Original Value of
the related Mortgaged Property.
London Banking Day: Any day on which banks are open for dealing in
foreign currency and exchange in London, England.
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) (plus, in the case of any Class of Lower-Tier
Interests as to which the Corresponding Class is a Class of Accrual
Certificates or includes one or more Accrual Components, an amount equal to
the Accrual Amount for such Corresponding Class or each such Accrual
Component for each previous Distribution Date) 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).
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 (viii) of the definition of the term Trust Fund.
Minimum Servicing Standards: As defined in Section 3.13(a).
MLCC: Merrill Lynch Credit Corporation, or its successor in interest.
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 payments of principal and interest (adjusted to the
related Net Mortgage Rate) on the Mortgage Loans that were due on the
related Due Date, without regard to any arrangements entered into by the
Company with the related Mortgagors pursuant to Section 3.02(a)(ii), and
delinquent as of the close of business on the Business Day next preceding
the related Determination Date, 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 lien on a fee
simple interest or leasehold estate in real property securing a Mortgage
Note.
Mortgage 100SM Loan: A Mortgage Loan identified on Exhibit N hereof
that has a Loan-to-Value Ratio at origination in excess of 80.00% and that
is secured by Additional Collateral and does not have a Primary Insurance
Policy.
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.
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 underlying real property securing the Mortgage
Loan, or with respect to a Cooperative Loan, the related Proprietary Lease
and Cooperative Stock.
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 allocable to the
Certificates (as determined in accordance with the definition of Interest
Shortfall) 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.
Non-Book-Entry Certificate: Any Certificate other than a Book-Entry
Certificate.
Non-Discount Mortgage Loan: Any Mortgage Loan with a Net Mortgage Rate
greater than or equal to the Designated Rate.
Non-permitted Foreign Holder: As defined in Section 5.02(b).
Non-PO Percentage: As to any Discount Mortgage Loan, a fraction
(expressed as a percentage), the numerator of which is the Net Mortgage
Rate of such Discount Mortgage Loan and the denominator of which is the
Designated Rate. As to any Non-Discount Mortgage Loan, 100%.
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 an
Officer's Certificate of the Company delivered to the Trustee and detailing
the reasons for such determination.
Non-U.S. Person: As defined in Section 4.02(c).
Notional Certificate: Any Class A10 or Class S Certificate.
Notional Component: None.
Notional Component Balance: None.
Notional Principal Balance: As to any Distribution Date and the Class
A10 Certificates, the Class Certificate Principal Balance of the Class A9
Certificates for such Distribution Date. As to any Distribution Date and
the Class S Certificates, the aggregate Scheduled Principal Balance of the
Outstanding Non-Discount Mortgage Loans as of the Due Date in the month
preceding such Distribution Date. 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 Due Date, a Mortgage
Loan which, prior to such Due Date, was not the subject of a Principal
Prepayment in full, did 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).
Outstanding Non-Discount Mortgage Loan: Any Outstanding Mortgage Loan
that is a Non-Discount Mortgage Loan.
PAC Balance: As to any Distribution Date and any Class of PAC
Certificates and any PAC Component, the balance designated as such for such
Distribution Date and such Class or Component as set forth in the Principal
Balance Schedules.
PAC Certificate: None.
PAC Component: None.
Parent PowerSM Loan: A Mortgage Loan identified on Exhibit N hereto
that has a Loan-to-Value Ratio at origination in excess of 80.00%, that is
supported by Additional Collateral and does not have a Primary Insurance
Policy.
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;
(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 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.
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.
Pledged Asset Loan-to-Value Ratio: With respect to any Pledged Asset
Mortgage Loan, (i) the original loan amount less the portion of any
required Additional Collateral which is covered by the Surety Bond, divided
by (ii) the Original Value of the related Mortgaged Property.
Pledged Asset Mortgage Loan: Each Mortgage 100SM Loan and Parent
PowerSM Loan purchased from MLCC that is supported by Additional Collateral
and identified on Exhibit N hereto.
Pledged Asset Mortgage Servicing Agreement: The Amended and Restated
Pledged Asset Mortgage Servicing Agreement, dated as of June 2, 1998,
between MLCC and the Company.
PO Percentage: As to any Discount Mortgage Loan, a fraction (expressed
as a percentage), the numerator of which is the excess of the Designated
Rate over the Net Mortgage Rate of such Discount Mortgage Loan and the
denominator of which is the Designated Rate. As to any Non-Discount
Mortgage Loan, 0%.
Pool Scheduled Principal Balance: With respect to any Distribution
Date, the aggregate Scheduled Principal Balance of all the Mortgage Loans
that were Outstanding Mortgage Loans on the Due Date in the month next
preceding the month of such Distribution Date (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 schedule given as a monthly sequence
of prepayment rates, expressed as annualized percent values. These values
start at 0.2% per year in the first month, increase by 0.2% per year in
each succeeding month until month 30, ending at 6.0% per year. At such
time, the rate remains constant at 6.0% per year for the balance of the
remaining term. Multiples of the Prepayment Assumption are calculated from
this prepayment rate series.
Prepayment Assumption Multiple: 225% of the Prepayment Assumption.
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 Scheduled 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), 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 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 Cut-off Date) and ending on the fifteenth day of the month
in which such Distribution Date occurs.
Primary Insurance Policy: The certificate of private mortgage
insurance relating to a particular Mortgage Loan, or an electronic screen
print setting forth the information contained in such certificate of
private mortgage insurance, including, without limitation, information
relating to the name of the mortgage insurance carrier, the certificate
number, the loan amount, the property address, the effective date of
coverage, the amount of coverage and the expiration date of the policy.
Each such policy covers defaults by the Mortgagor, which coverage shall
equal the portion of the unpaid principal balance of the related Mortgage
Loan that exceeds 75% (or such lesser coverage required or permitted by
FNMA or FHLMC) of the Original Value of the underlying Mortgaged Property.
Primary Servicer: Any servicer with which the Company has entered into
a servicing agreement, as described in Section 3.01(f).
Principal Balance Schedules: Any principal balance schedules attached
hereto, if applicable, as Exhibit B, setting forth the PAC Balances of any
PAC Certificates and PAC Components, the TAC Balances of any TAC
Certificates and TAC Components and the Scheduled Balances of any Scheduled
Certificates and Scheduled Components.
Principal Distribution Request: Any request for a distribution in
reduction of the Class Certificate Principal Balance of any Designated
Retail Certificate, submitted in writing to a Depository Participant or
Financial Intermediary (or, if such Designated Retail Certificate is no
longer represented by a Book-Entry Certificate, to the Trustee) by the
Certificate Owner (or Certificateholder) of such Designated Retail
Certificate pursuant to Section 4.10(c) or 4.10(g), as applicable.
Principal Only Certificate: Any Class A11 or Class PO Certificate.
Principal Only Component: None.
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)) 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 Company's private placement
memorandum relating to the placement of the Restricted Junior Certificates
dated the date of the prospectus supplement referred to in the definition
of Prospectus.
Prohibited Transaction Exemption: U.S. Department of Labor Prohibited
Transaction Exemption 91-14, 56 Fed. Reg. 7413, February 22, 1991, as
amended.
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 repair, replacement, protection and preservation expenses and (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 the Primary Insurance Policy, if any, or any other insurance
policy with respect thereto.
Proprietary Lease: With respect to a Cooperative Loan, the proprietary
lease(s) or occupancy agreement with respect to the Cooperative Apartment
occupied by the Mortgagor and relating to the related Cooperative Stock,
which lease or agreement confers an exclusive right to the holder of such
Cooperative Stock to occupy such apartment.
Prospectus: The Company's prospectus supplement dated September 20,
1999, and the related prospectus dated August 19, 1999, relating to the
public offering of the Certificates other than the Restricted Certificates.
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.
Random Lot: With respect to any Distribution Date prior to the
Cross-Over Date, if the amount available for distribution in reduction of
the Class Certificate Principal Balance of any Class of Designated Retail
Certificates on such Distribution Date exceeds the amount needed to honor
all Principal Distribution Requests with respect to such Class on such
date, the method by which the Depository will determine which Depository
Participants holding interests in such Class of Certificates will receive
payments of amounts distributable in respect of principal on such Class on
such Distribution Date, using its established random lot procedures or, if
such Class of Certificates is no longer represented by Book-Entry
Certificates, the method by which the Trustee will determine which
Certificates of such Class will receive payments of amounts distributable
in respect of principal on such Class on such Distribution Date, using its
own random lot procedures comparable to those used by the Depository.
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 S&P; except that for purposes of the Junior Certificates, other than
the Class B5 Certificates, Fitch shall be the sole Rating Agency. The Class
B5 Certificates are issued without ratings.
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 Liquidation Proceeds and Insurance Proceeds (as
reduced by the related Liquidation Expenses).
Record Date: The last Business Day of the month immediately preceding
the month of the related Distribution Date.
Reference Banks: As defined in Section 5.08.
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).
Required Surety Payment: With respect to any Pledged Asset Mortgage
Loan that becomes a Liquidated Mortgage Loan, the lesser of (i) the
principal portion of the Realized Loss with respect to such Mortgage Loan
and (ii) the excess, if any, of (a) the amount of Additional Collateral
required at origination with respect to such Mortgage Loan which is covered
by the Surety Bond over (b) the net proceeds realized by MLCC from the
liquidation of the related Additional Collateral.
Reserve Fund: None.
Reserve Interest Rate: As defined in Section 5.08.
Residual Certificate: Any Class R or Class RL Certificate.
Responsible Officer: When used with respect to the Trustee, any
officer or assistant officer assigned to and working in the Corporate Trust
Department 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, Class PO
Certificate or Class S Certificate.
Restricted Junior Certificate: Any Class B3, Class B4 or Class B5
Certificate.
Rounding Account: With respect to each Class of Designated Retail
Certificates, the respective segregated, non-interest bearing Eligible
Account created and maintained therefor pursuant to Section 4.10.
Rounding Account Depositor: For each Rounding Account, Lehman Brothers
Inc.
Rounding Amount: With respect to any Class of Designated Retail
Certificates and each Distribution Date prior to the Cross-Over Date on
which such Class of Certificates is entitled to a distribution in reduction
of the Class Certificate Principal Balance thereof, the amount, if any,
necessary to round the aggregate of such distribution (after giving effect
to any deposit into the related Rounding Account on such Distribution Date)
upward to the next higher integral multiple of $1,000.
S&P: Standard & Poor's Ratings Services, a division of The McGraw-Hill
Companies, Inc., and its successors.
SAIF: The Savings Association Insurance Fund of the FDIC, or its
successor in interest.
Scheduled Balance: As to any Distribution Date and any Class of
Scheduled Certificates and any Scheduled Component, the balance designated
as such for such Distribution Date and such Class or Component as set forth
in the Principal Balance Schedules.
Scheduled Certificate: None.
Scheduled Component: None.
Scheduled Principal Balance: As to any Mortgage Loan and Distribution
Date, the principal balance of such Mortgage Loan as of the Due Date in the
month next preceding the month of such Distribution Date (or, if so
specified, such other date) as specified in the amortization schedule at
the time relating to such Mortgage Loan (before any adjustment to such
amortization schedule by reason of any bankruptcy or similar proceeding or
any moratorium or similar waiver or grace period) after giving effect to
any previous Principal Prepayments, Deficient Valuations incurred
subsequent to the Bankruptcy Coverage Termination Date, adjustments due to
the application of the Relief Act and the payment of principal due on such
Due Date, irrespective of any delinquency in payment by the related
Mortgagor. As to any Mortgage Loan and the Cut-off Date, the "unpaid
balance" thereof specified in the initial Mortgage Loan Schedule.
Security Agreement: With respect to a Cooperative Loan, the agreement
creating a security interest in favor of the originator in the related
Cooperative Stock and Proprietary Lease.
Senior Certificate: Any Certificate other than a Junior Certificate or
Class S 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 (other than any Class PO Certificates).
Senior Optimal Principal Amount: As to any Distribution Date, an
amount equal to the sum of:
(i) the Senior Percentage of the applicable Non-PO Percentage of the
principal portion of each Monthly Payment due on the related Due Date on
each Outstanding Mortgage Loan as of such Due Date as specified in the
amortization schedule at the time applicable thereto (after adjustments for
previous Principal Prepayments and the principal portion of Debt Service
Reductions subsequent to the Bankruptcy Coverage Termination Date but
before any adjustment to such amortization schedule by reason of any
bankruptcy (except as aforesaid) or similar proceeding or any moratorium or
similar waiver or grace period);
(ii) the Senior Prepayment Percentage of the applicable Non-PO
Percentage of all principal prepayments in part received during the related
Prepayment Period, together with the Senior Prepayment Percentage of the
applicable Non-PO Percentage of the Scheduled Principal Balance of each
Mortgage Loan which was the subject of a Voluntary Principal Prepayment in
full during the related Prepayment Period;
(iii) the lesser of (x) the Senior Percentage of the applicable Non-PO
Percentage of the sum of (A) the Scheduled Principal Balance of each
Mortgage Loan that became a Liquidated Mortgage Loan (other than Mortgage
Loans described in clause (B)) during the related Prepayment Period and (B)
the Scheduled Principal Balance of each Mortgage Loan that was purchased by
an insurer from the Trustee during the related Prepayment Period pursuant
to the related Primary Insurance Policy, as reduced in each case by the
Senior Percentage of the applicable Non-PO Percentage of the principal
portion of any Excess Losses (other than Excess Bankruptcy Losses
attributable to Debt Service Reductions), and (y) the Senior Prepayment
Percentage of the applicable Non-PO 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 the related Primary
Insurance Policy, in each case during the related Prepayment Period;
(iv) the Senior Prepayment Percentage of the applicable Non-PO
Percentage of the Scheduled 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 applicable Non-PO
Percentage of the Substitution Amount for any Mortgage Loan substituted
during the month of such Distribution Date.
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 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 other than any Class PO
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 September 2004 to and
including the Distribution Date in September 2005, the Senior Percentage
for such Distribution Date plus 70% of the Junior Percentage for such
Distribution Date;
(ii) for any Distribution Date subsequent to September 2005 to and
including the Distribution Date in September 2006, the Senior Percentage
for such Distribution Date plus 60% of the Junior Percentage for such
Distribution Date;
(iii) for any Distribution Date subsequent to September 2006 to and
including the Distribution Date in September 2007, the Senior Percentage
for such Distribution Date plus 40% of the Junior Percentage for such
Distribution Date;
(iv) for any Distribution Date subsequent to September 2007 to and
including the Distribution Date in September 2008, 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, if on any Distribution Date the Senior
Percentage exceeds the Senior Percentage as of the Closing Date, the Senior
Prepayment Percentage for such Distribution Date will equal 100%.
In addition, 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 at least one of the following two tests is
satisfied:
Test I: If, as of the last day of the month preceding such
Distribution Date, (i) the aggregate Scheduled 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 October
2004 and September 2005, (b) 35% of the Original Subordinate Principal
Balance if such Distribution Date occurs between and including October 2005
and September 2006, (c) 40% of the Original Subordinate Principal Balance
if such Distribution Date occurs between and including October 2006 and
September 2007, (d) 45% of the Original Subordinate Principal Balance if
such Distribution Date occurs between and including October 2007 and
September 2008 and (e) 50% of the Original Subordinate Principal Balance if
such Distribution Date occurs during or after October 2008; or
Test II: If, as of the last day of the month preceding such
Distribution Date, (i) the aggregate Scheduled Principal Balance of
Mortgage Loans delinquent 60 days or more (including for this purpose any
Mortgage Loans in foreclosure and REO Mortgage Loans) averaged over the
last three months, as a percentage of the aggregate Scheduled Principal
Balance of Mortgage Loans averaged over the last three months, does not
exceed 4%, and (ii) cumulative Realized Losses with respect to the Mortgage
Loans do not exceed (a) 10% of the Original Subordinate Principal Balance
if such Distribution Date occurs between and including October 2004 and
September 2005, (b) 15% of the Original Subordinate Principal Balance if
such Distribution Date occurs between and including October 2005 and
September 2006, (c) 20% of the Original Subordinate Principal Balance if
such Distribution Date occurs between and including October 2006 and
September 2007, (d) 25% of the Original Subordinate Principal Balance if
such Distribution Date occurs between and including October 2007 and
September 2008 and (e) 30% of the Original Subordinate Principal Balance if
such Distribution Date occurs during or after October 2008.
Senior Principal Priorities: The priorities for the distribution of
principal to the Senior Certificates as set forth in Exhibit O hereto.
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 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 Scheduled Principal Balance of such
Mortgage Loan as of the Due Date in the preceding calendar month and (ii)
the Servicing Fee Rate for such Mortgage Loan.
Servicing Fee Rate: As to any Mortgage Loan, the per annum rate
identified as such for such Mortgage Loan and set forth in the Mortgage
Loan Schedule.
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.
Single Certificate: A Certificate with an Initial Certificate
Principal Balance, or initial Notional Principal Balance, of $1,000 or, in
the case of a Class of Certificates issued with an initial Class
Certificate Principal Balance or initial Notional Principal Balance of less
than $1,000, such lesser amount.
Special Event Loss: Any Fraud Loss, Special Hazard Loss or Deficient
Valuation.
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:
(A) normal wear and tear;
(B) conversion or other dishonest act on the part of the Trustee,
the Company or any of their agents or employees; or
(C) 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 $5,030,380 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
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).
Specified Component: None.
Startup Day: As defined in Section 2.05(d).
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 (by Scheduled Principal Balance) carried to six decimal
places, rounded down, of the Net Mortgage Rates of the Outstanding
Non-Discount Mortgage Loans as of the Due Date in the preceding calendar
month (or the Cut-off Date, in the case of the first Distribution Date)
over (y) the Designated Rate; provided, however, that 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 such preceding calendar month.
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
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,
first, any amount distributed to the Class PO Certificates on such
Distribution Date pursuant to Section 4.01(a)(iv) and second, after giving
effect to the application of clause first above, 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
Scheduled Principal Balance on the first day of the month of such
Distribution Date less any Deficient Valuations occurring on or prior to
the Bankruptcy Coverage Termination Date.
Substitution Amount: With respect to any Mortgage Loan substituted
pursuant to Section 2.03(b), the excess of (x) the Scheduled Principal
Balance of the Mortgage Loan that is substituted for, over (y) the
Scheduled Principal Balance of the related substitute Mortgage Loan, each
balance being determined as of the date of substitution.
Surety: Ambac Assurance Corporation, or its successors in interest.
Surety Bond: The Limited Purpose Surety Bond (Policy No. AB0039BE),
dated February 28, 1996, issued by the Surety for the benefit of certain
beneficiaries, including the Trustee for the benefit of the Holders of the
Certificates, but only to the extent that such Limited Purpose Surety Bond
covers any Pledged Asset Mortgage Loans.
TAC Balance: As to any Distribution Date and any Class of TAC
Certificates and any TAC Component, the balance designated as such for such
Distribution Date and such Class or Component as set forth in the Principal
Balance Schedules attached as Exhibit B hereto.
TAC Certificates: None.
TAC Component: None.
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 if General Electric Capital Corporation 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
General Electric Capital Corporation is downgraded or withdrawn by Fitch or
S&P below their two highest rating categories, (iii) if General Electric
Capital Corporation is no longer obligated pursuant to the terms of the
support agreement, dated as of October 1, 1990, between General Electric
Capital Corporation 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,
including the proceeds from the liquidation of any Additional Collateral
for any Pledged Asset Mortgage Loan;
(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 proceeds of the Primary Insurance Policies, if any, and the
hazard insurance policies required by Section 3.06, in each case, in
respect of the Mortgage Loans, and the Company's interest in the Surety
Bond transferred to the Trustee pursuant to Section 2.01;
(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);
(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) (which collateral funds will not constitute a part of any
REMIC established hereunder);
(x) all rights of the Company as assignee under any security
agreements, pledge agreements or guarantees relating to the Additional
Collateral supporting any Pledged Asset Mortgage Loan (which rights will
not constitute a part of any REMIC established hereunder); and
(xi) all rights of the Company as assignee under any security
agreements or pledge agreements relating to the Additional Collateral
supporting any CashSaver Mortgage Loan (which rights will not constitute a
part of any REMIC established hereunder).
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
and any Class consisting of Specified Components) or any Specified
Component (other than any Principal Only Component), the amount, if any, by
which the aggregate of the Class Interest Shortfalls for such Class or in
respect of such Specified Component for prior Distribution Dates is in
excess of the aggregate amounts distributed on prior Distribution Dates to
Holders of such Class of Certificates or in respect of such Specified
Component (or added to the Class Certificate Principal Balance of any Class
of Accrual Certificates, or to the Component Principal Balance of any
Accrual Component constituting a Specified Component) pursuant to Section
4.01(a)(ii), in the case of the Senior Certificates (other than any Class
of Principal Only Certificates) and any Specified Component thereof (other
than any Principal Only Component) and the Class S Certificates, Section
4.01(a)(vi), in the case of the Class M Certificates, Section 4.01(a)(ix),
in the case of the Class B1 Certificates, Section 4.01(a)(xii), in the case
of the Class B2 Certificates, Section 4.01(a)(xv), in the case of the Class
B3 Certificates, Section 4.01(a)(xviii), in the case of the Class B4
Certificates, and Section 4.01(a)(xxi), in the case of the Class B5
Certificates. As to any Class of Certificates consisting of Specified
Components and any Distribution Date, the sum of the Unpaid Class Interest
Shortfalls for the Specified Components thereof on such date.
Upper-Tier REMIC: One of the two separate REMICs comprising the Trust
Fund, the assets of which consist of the Lower-Tier Interests and any
Rounding Accounts.
Voluntary Principal Prepayment: With respect to any Distribution Date,
any prepayment of principal received from the related Mortgagor on a
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, 99% of all Voting Rights shall be allocated to the Certificates
other than the Class A10 and the S Certificates, and 1% of all Voting
Rights shall be allocated to the Class S Certificates. The Class A10
Certificates shall have no Voting Rights. 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.
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 (other than payments of principal and
interest due and payable on the Mortgage Loans on or before, and all Principal
Prepayments received on or before, the Cut-off Date). The Company acknowledges
it has sold all right, title and interest in and to the Mortgage Loans to the
Trustee to the extent provided above and that retention of record title of
Mortgages (subject to Section 2.01(d) of this Agreement) is for convenience only
and that the Company holds record title solely as custodian for the Trustee for
benefit of the Certificateholders. The Company agrees that it will take no
action inconsistent with ownership of the Mortgage Loans by the Trustee and will
not deliver any instrument of satisfaction or conveyance with respect to a
Mortgage or a Mortgage Loan, or convey or purport to convey any interest in a
Mortgage Loan, except in accordance with the terms and the intent of this
Agreement.
With respect to any Pledged Asset Mortgage Loan, the Company does hereby
transfer, assign, set-over and otherwise convey to the Trustee without recourse
(except as provided herein) (i) its rights as assignee under any security
agreements, pledge agreements or guarantees relating to the Additional
Collateral supporting any Pledged Asset Mortgage Loan, (ii) its security
interest in and to any Additional Collateral, (iii) its right to receive
payments in respect of any Pledged Asset Mortgage Loan pursuant to the Pledged
Asset Mortgage Servicing Agreement, and (iv) its rights as beneficiary under the
Surety Bond in respect of any Pledged Asset Mortgage Loan.
In addition, with respect to any CashSaver Mortgage Loan, the Company does
hereby transfer, assign, set-over and otherwise convey to the Trustee without
recourse (except as provided herein) (i) its rights as assignee under any
security agreements, pledge agreements or guarantees relating to the Additional
Collateral supporting any CashSaver Mortgage Loan, (ii) its security interest in
and to any Additional Collateral and (iii) its right to receive payments in
respect of any CashSaver Mortgage Loan.
(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 Cooperative Loan or 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;
(iii) An assignment in recordable form (which may be included in
a blanket assignment or assignments) of the Mortgage to the Trustee;
and
(2) Each Cooperative Loan (other than a Designated Loan) so
transferred and assigned:
(i) The Mortgage Note, endorsed without recourse in blank by the
Company and showing an unbroken chain of endorsements 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) A counterpart of the Proprietary Lease and the Assignment of
Proprietary Lease executed in blank or to the originator of the
Cooperative Loan;
(iii) The related Cooperative Stock Certificate, together with an
undated stock power (or other similar instrument) executed in blank;
(iv) A counterpart of the recognition agreement by the
Cooperative of the interests of the mortgagee with respect to the
related Cooperative Loan;
(v) The Security Agreement;
(vi) Copies of the original UCC-1 financing statement, and any
continuation statements, filed by the originator of such Cooperative
Loan as secured party, each with evidence of recording thereof,
evidencing the interest of the originator in the Cooperative Stock and
the Proprietary Lease;
(vii) If applicable, copies of the UCC-3 assignments of the
security interest described in clause (vi) above, sent to the
appropriate public office for filing, showing an unbroken chain of
title from the originator to the Company, evidencing the security
interest of the originator in the Cooperative Stock and the
Proprietary Lease;
(viii) An executed assignment (which may be a blanket assignment
for all Cooperative Loans) of the interest of the Company in the
Security Agreement, Assignment of Proprietary Lease and the
recognition agreement described in clause (iv) above, showing an
unbroken chain of title from the originator to the Trustee; and
(ix) A UCC-3 assignment from the Company to the Trustee of the
security interest described in clause (vi) above, in form suitable for
filing, otherwise complete except for filing information regarding the
original UCC-1 if unavailable (which may be included in a blanket
assignment 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 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.
(3) 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:
(1) the Mortgage with evidence of recording indicated thereon (other
than with respect to a Cooperative Loan);
(2) a copy of the title insurance policy (other than with respect to a
Cooperative Loan);
(3) 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 (other than with respect to a Cooperative Loan); and
(4) with respect to any Cooperative Loan that has been assigned to the
Company, the related filed intervening UCC-3 financing statements (not
previously delivered pursuant to Section 2.01(b)(2)(vii)), showing a
complete chain of assignment from the named originator to the Company.
Pending such delivery, the Company shall retain in its files (a) copies of the
documents described in clauses (1) and (3) of the preceding sentence, without
evidence of recording thereon, and (b) title insurance binders with respect to
the Mortgage Loans (other than with respect to a Cooperative Loan). The Company
shall also retain in its files the Primary Insurance Policy evidencing any
primary mortgage insurance relating to the Mortgage Loans during the period when
the related insurance is in force. (The copies of the Mortgage, intervening
assignments of Mortgage, if any, title insurance binder and the Primary
Insurance Policy, if any, described in the two preceding sentences 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. The Trustee shall have no obligation to
request 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) or file the UCC-3 assignments
referred to in Section 2.01(b)(2)(ix) to the Trustee unless the Company or the
Trustee obtains actual notice or knowledge of the occurrence of any Trigger
Event; provided, however, that such recording or filing 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 or filing information in the
assignments of the Mortgages or UCC-3 assignments to the Trustee and shall cause
the same to be recorded or filed, at the Company's expense, in the appropriate
public office for real property records or UCC financing statements, except that
the Company need not cause to be so completed and recorded any assignment of
mortgage 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 or
file the assignment of Mortgages or UCC-3 financing statement in the
circumstances provided above, the Trustee shall record or cause to be recorded
or filed such assignment or UCC-3 financing statement at the expense of the
Company. In connection with any such recording or filing, the Company shall
furnish such documents as may be reasonably necessary to accomplish such
recording or filing. Notwithstanding the foregoing, at any time the Company may
record or file, or cause to be recorded or filed, the assignments of Mortgages
or UCC-3 financing statement 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, the documents specified in Section 2.01(b)(2) (subject to
any permitted delayed delivery of the documents described in Section
2.01(c)(4)), 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 the
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, the documents specified in Section 2.01(b)(2) (subject to
any permitted delayed delivery of the documents described in Section
2.01(c)(4)), 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, recorded
intervening assignments of Mortgage, if any, and filed intervening UCC-3
financing statements, if any, with respect to any Cooperative Loan 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
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, other
than with respect to Cooperative Loans, each Mortgage is a valid and
enforceable first lien on the property securing the related Mortgage Note
subject only to (a) the lien of current real property taxes and
assessments, (b) 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
appraisal obtained in connection with the origination of the related
Mortgage Loan obtained by the Company and (c) 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;
(iii) 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;
(iv) As of the date of the initial issuance of the Certificates, no
payment of principal of or interest on or in respect of any Mortgage Loan
is 30 or more days past due and none of the Mortgage Loans have been past
due 30 or more days more than once during the preceding 12 months;
(v) As of the date of the initial issuance of the Certificates, other
than with respect to Cooperative Loans, 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
title insurance policy referred to in (x) below;
(vi) As of the date of the initial issuance of the Certificates, other
than with respect to Cooperative Loans, there is no delinquent tax or
assessment lien against the property subject to any Mortgage;
(vii) 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;
(viii) As of the date of the initial issuance of the Certificates, the
physical property subject to any Mortgage (or, in the case of a Cooperative
Loan, the related Cooperative Apartment) is free of material damage and is
in good repair;
(ix) 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;
(x) Other than with respect to Cooperative Loans, 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 and each such policy or binder is valid
and remains in full force and effect;
(xi) Each Mortgage Loan (other than a Pledged Asset Mortgage Loan)
that had, as of the Cut-off Date, a Loan-to-Value Ratio of more than 80% is
covered by a Primary Insurance Policy so long as its then outstanding
principal amount exceeds 80% of the greater of (a) the Original Value and
(b) the then current value of the related Mortgaged Property as evidenced
by an appraisal thereof satisfactory to the Company, except to the extent
such coverage may otherwise be terminable under applicable law. Each
Primary Insurance Policy is issued by a private mortgage insurer acceptable
to FNMA or FHLMC;
(xii) Each Mortgage Note is payable on the first day of each month in
self-amortizing monthly installments of principal and interest, with
interest payable in arrears, over an original term of not more than the
Designated Maturity, and the first scheduled payment on each Mortgage Loan
is due not later than October 1, 1999;
(xiii) Other than with respect to Cooperative Loans, the improvements
on the Mortgaged Properties are insured against loss under a hazard
insurance policy with extended coverage and conforming to the requirements
of Section 3.06 hereof. As of the date of initial issuance of the
Certificates, all such insurance policies are in full force and effect;
(xiv) As to each condominium securing a Mortgage Loan or the related
Mortgage Loan, (a) the related condominium is in a project that is on the
FNMA or FHLMC approved list, (b) the related condominium is in a project
that, upon submission of appropriate application, could be so approved by
either FNMA or FHLMC, (c) the related Mortgage Loan meets the requirements
for purchase by FNMA or FHLMC, (d) the related Mortgage Loan is of the type
that could be approved for purchase by FNMA or FHLMC but for the principal
balance of the related Mortgage Loan or the pre-sale requirements or (e)
the related Mortgage Loan has been approved by a nationally recognized
mortgage pool insurance company for coverage under a mortgage pool
insurance policy issued by such insurer;
(xv) Other than with respect to Cooperative Loans, no Mortgage Loan is
secured by a leasehold interest in the related Mortgaged Property and each
Mortgagor holds fee title to the related Mortgaged Property;
(xvi) The Mortgage Loans and the Mortgaged Properties, individually
and in the aggregate, conform in all material respects to the applicable
descriptions thereof contained in the Prospectus;
(xvii) All appraisals have been prepared substantially in accordance
with the description contained under the caption "The Trusts -- Appraisals"
in the Prospectus;
(xviii) 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;
(xix) Other than with respect to Cooperative Loans, 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;
(xx) None of the Mortgage Loans is a temporary construction loan. With
respect to any Mortgaged Property which constitutes new construction, the
related construction has been completed substantially in accordance with
the specifications therefor and any incomplete aspect of such construction
shall not be material or interfere with the habitability or legal occupancy
of the Mortgaged Property. Mortgage Loan amounts sufficient to effect any
such completion are in escrow for release upon or in connection with such
completion or a performance bond or completion bond is in place to provide
funds for this purpose and such completion shall be accomplished within 120
days after weather conditions permit the commencement thereof;
(xxi) As of the Closing Date, each Mortgage Loan is a "qualified
mortgage" as defined in Section 860G(a)(3) of the Code;
(xxii) As of the Closing Date, the Company possesses the Document File
with respect to each Mortgage Loan, and, other than with respect to
Cooperative Loans, the related Mortgages and intervening assignment or
assignments of Mortgages, if any, have been delivered to a title insurance
company for recording;
(xxiii) With respect to each Mortgage Loan identified in Exhibit C as
a Cooperative Loan:
(A) The Security Agreement creates a first lien in the stock
ownership and leasehold rights associated with the related Cooperative
Apartment;
(B) The lien created by the related Security Agreement is a
valid, enforceable and subsisting first priority security interest in
the related Cooperative Stock securing the related Mortgage Note,
subject only to (a) liens of the Cooperative for unpaid assessments
representing the Mortgagor's pro rata share of the Cooperative's
payments for its blanket mortgage, current and future real property
taxes, insurance premiums, maintenance fees and other assessments to
which like collateral is commonly subject and (b) other matters to
which like collateral is commonly subject which do not materially
interfere with the benefits of the security intended to be provided by
the Security Agreement. There are no liens against or security
interest in the Cooperative Stock relating to such Cooperative Loan
(except for unpaid maintenance, assessments and other amounts owed to
the related Cooperative which individually or in the aggregate do not
have a material adverse effect on such Cooperative Loan), which have
priority over the Trustee's security interest in such Cooperative
Stock;
(C) The Cooperative Stock that is pledged as security for the
Mortgage Loan is held by a person as a "tenant-stockholder" within the
meaning of section 216 of the Code, the related Cooperative that owns
title to the related cooperative apartment building is a "cooperative
housing corporation" within the meaning of section 216 of the Code,
and such Cooperative is in material compliance with applicable
federal, state and local laws which, if not complied with, could have
a material adverse effect on the Mortgaged Property; and
(D) There is no prohibition against pledging the Cooperative
Stock or assigning the Proprietary Lease; and
(xxiv) With respect to each Mortgage Loan identified on Exhibit C as
having been originated or acquired under the Company's Enhanced Streamlined
Refinance program, the value of the related Mortgaged Property, as of the
date of such origination or acquisition under the Company's Enhanced
Streamlined Refinance program, is no less than the value thereof
established at the time the mortgage loan that is the subject of the
refinancing was originated.
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
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)(ix) 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 the 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 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 Date. Any substitute Mortgage Loan shall (a)
have a Scheduled 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
Scheduled 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), other than
subparagraph (xvi) thereof, 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), other than subparagraph (xvi) thereof, 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.
(c) If a Mortgagor has failed to make unexcused payments in full of a total
of two consecutive installments of principal and interest on a Hurricane-Area
Mortgage Loan (as defined below) within six months after the Cut-off Date and
the Company has reason to believe that such failure is attributable to the
physical property subject to the related Mortgaged Property not having been free
of material damage and in good repair as of the Closing Date as a result of
damage caused by the floods described in the next succeeding sentence, then the
Company shall promptly endeavor to ascertain, by means of an inspection of the
Mortgaged Property or such other means as it deems appropriate, whether there
has been a breach of the representation and warranty of the Company set forth in
Section 2.03(a)(viii). As used herein, "Hurricane-Area Mortgage Loan" means a
Mortgage Loan with respect to which the related Mortgaged Property is located in
one of the counties identified by the Federal Emergency Management Agency as
having experienced direct damage as a result of Hurricane Floyd and related
storm activity during September 1999.
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. Designations under the REMIC Provisions. (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 than the Class RL
Certificate, shall be issued by the Upper-Tier REMIC, and the Class RL
Certificate shall be issued by the Lower-Tier REMIC. The Lower-Tier REMIC shall
be evidenced by the Class RL Certificate and the regular interests having the
characteristics and terms set forth in the following table, which interests
(other than the Class RL 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 (or Components)
in the manner set forth in the following table.
<TABLE>
<CAPTION>
Corresponding Class of
Certificates (or Components)1
---------------------------------------------
Allocation Allocation
Lower-Tier Initial Lower- Lower-Tier Of Of
Interest Tier Balance Interest Rate Principal Interest
-------- ------------ ------------- --------- --------
<S> <C> <C> <C> <C>
A1 $100,000,000.00 7.00% A1 A1
A2 24,300,000.00 7.00 A2 A2
A3 17,750,000.00 7.00 A3 A3
A4 12,772,000.00 7.00 A4 A4
A5 45,520,000.00 7.00 A5 A5
A6 26,800,000.00 7.00 A6 A6
A7 125,000,000.00 7.00 A7 A7
A8 9,485,714.00 7.00 A8 A8
A9 20,000,000.00 7.53 A9 (2)
A11 1,514,286.00 0.00 A11 N/A
A12 78,950,000.00 7.00 A12 A12
A13 14,500,000.00 7.00 A13 A13
PO 6,324,211.02 0.00 PO N/A
S 312,651,066.21 (3) N/A S
M 9,557,000.00 7.00 M M
B1 3,773,000.00 7.00 B1 B1
B2 2,012,000.00 7.00 B2 B2
B3 2,515,000.00 7.00 B3 B3
B4 1,006,000.00 7.00 B4 B4
B5 1,258,574.40 7.00 B5 B5
R 100.00 7.00 R R
</TABLE>
- ------------------------------
(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) On each Distribution Date, interest accrued on Lower-Tier Interest A9 for
the applicable Interest Accrual Period shall be allocated as follows: (x)
an amount equal to the Accrued Certificate Interest on the Corresponding
Class shall be allocated to such Class; and (y) the excess of such amount
shall be allocated to the Class A10 Certificates.
(3) The Strip Rate.
(i) The Lower-Tier Interests shall be issued as non-certificated
interests. The Class RL Certificate shall be issued in fully registered
certificated form and shall be executed and countersigned as provided in
Section 5.01 hereof.
(ii) 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 or Components, 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 or Components.
(iii) 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 RL 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(a)(ii) have been so
applied. Any distributions pursuant to this clause (iii) shall not reduce
the Class Certificate Principal Balance of the Class RL Certificate.
(b) The Company hereby designates the Lower-Tier Interests identified in
Section 2.05(a) above as "regular interests," and the Class RL Certificate as
the single class of "residual interest," in the Lower-Tier REMIC for purposes of
the REMIC Provisions.
(c) 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 R Certificate as the single class of "residual interest," in the
Upper-Tier REMIC for purposes of the REMIC Provisions.
(d) The Closing Date will be the "Startup Day" for each REMIC established
hereunder for purposes of the REMIC Provisions.
(e) The "tax matters person" with respect to each REMIC established
hereunder for purposes of the REMIC Provisions shall be (i) the Company, if the
Company is the owner of the related Residual Certificate, or (ii) in any other
case, the beneficial owner of the related Residual 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 the related
Residual 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
each REMIC established hereunder for purposes of the REMIC Provisions.
(f) The "latest possible maturity date" of the regular interests in each
REMIC established hereunder is the Latest Possible Maturity Date for purposes of
section 860G(a)(1) of the Code.
(g) In no event shall the assets described in clauses (ix), (x) and (xi) of
the definition of the term Trust Fund constitute a part of the any REMIC
established hereunder.
(h) In the event that the Servicing Fee exceeds the amount reasonable for
such services (within the meaning of Treasury Regulation 1.860D-1(b)(1)(ii)),
the portion or portions of such fee that can be measured as a fixed number of
basis points on some or all of the Mortgage Loans and can be treated as one or
more stripped coupons within the meaning of Treasury Regulation
1.860D-1(b)(2)(iii) shall be treated as such stripped coupons and shall not be
treated as an asset of any REMIC.
ARTICLE III
ADMINISTRATION AND SERVICING OF MORTGAGE LOANS
Section 3.01. Company to Act as Servicer. (a) It is intended that each
REMIC established hereunder shall constitute, and that the affairs of each such
REMIC shall be conducted so as to qualify (in each case, 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
Lower-Tier REMIC, and the 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 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 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 REMIC
established hereunder, to be treated as a REMIC, and make the appropriate
designations, if applicable, in accordance with Section 2.05 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, including without limitation,
the calculation of any original issue discount using the Prepayment
Assumption Multiple;
(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
REMIC established hereunder at all times that any related 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
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
RL 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 RL
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 any 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 each REMIC after the
Startup Day, and taxes on net income from foreclosure property, imposed on
the 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 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 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. Except as otherwise provided herein, the
Company shall maintain servicing standards substantially equivalent to those
required for approval by FNMA or FHLMC. 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.
(c) [Intentionally Omitted.]
(d) 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.
(e) 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.
(f) 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 6.05
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 Servicer in respect
of the Mortgage Loans, subject to the limitation on the Trustee's
responsibilities under Section 7.02.
(g) With respect to any CashSaver Mortgage Loan, the Company shall use
reasonable efforts to cause the Primary Servicer to perform its obligations
under the agreements related to the Additional Collateral for such CashSaver
Mortgage Loan.
(h) In no event shall any collateral fund established under the agreement
referred to in Section 3.08(e) constitute an asset of any REMIC established
hereunder.
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
at any time prior to foreclosure with a Mortgagor a schedule for the payment of
due and unpaid principal and interest for a period extending not longer than two
years after the date that 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 on or 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 on or 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 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;
(v) All REO Proceeds;
(vi) All Unanticipated Recoveries;
(vii) All amounts received by the Company with respect to any Pledged
Asset Mortgage Loan pursuant to the liquidation of any Additional
Collateral or pursuant to any recovery under the Surety Bond in accordance
with Section 4.09; and
(viii) All amounts received by the Company with respect to any
CashSaver Mortgage Loan pursuant to the liquidation of any Additional
Collateral.
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 or late charge penalties 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 (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 S&P of General Electric Capital Corporation's short-term senior
unsecured debt rating below A-1+ then, 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 State
Street Bank and Trust Company, in its individual capacity and not in its
capacity as Trustee, 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 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
Certificateholders 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. Collection of Taxes, Assessments and Other Items. Other than
with respect to any Cooperative Loan, the Company shall establish and maintain
with one or more depository institutions one or more accounts into which it
shall deposit all collections of taxes, assessments, private mortgage or hazard
insurance premiums or comparable items for the account of the Mortgagors. As
servicer, the Company shall effect the timely payment of all such items for the
account of Mortgagors. Withdrawals from such account or accounts may be made
only to effect payment of taxes, assessments, private mortgage or standard
hazard insurance premiums or comparable items, to reimburse the Company out of
related collections for any payments made regarding taxes and assessments or for
any payments made pursuant to Section 3.05 regarding premiums on Primary
Insurance Policies and Section 3.06 regarding premiums on standard hazard
insurance policies, to refund to any Mortgagors any sums determined to be
overages, or to pay interest owed to Mortgagors to the extent required by law.
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 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 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 (or the Trustee, as applicable) for any
Nonrecoverable Advance (which right of reimbursement of the Trustee
pursuant to this clause shall be prior to such right of the Company);
(viii) To make transfers of funds to the Certificate Account pursuant
to Section 3.02(d);
(ix) To pay to the Company amounts received in respect of any Mortgage
Loan purchased by the Company pursuant to Section 9.01 to the extent that
the distribution of any such amounts on the final 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 specified in
clause (x) of the first sentence of Section 9.01; and
(x) To deduct any amount 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. Maintenance of the Primary Insurance Policies. (a) The
Company shall not take any action which would result in non-coverage under any
applicable Primary Insurance Policy of any loss which, but for the actions of
the Company, would have been covered thereunder. To the extent coverage is
available, the Company shall keep or cause to be kept in full force and effect
each such Primary Insurance Policy until the principal balance of the related
Mortgage Note is 80% or less of the greater of (i) the related Original Value
and (ii) the then current value of the property underlying the related Mortgage
Note as evidenced by an appraisal thereof satisfactory to the Company; provided
that no such Primary Insurance Policy shall be kept in effect if doing so would
violate applicable law, including, without limitation, the Federal Homeowners
Protection Act of 1998. The Company shall not cancel or refuse to renew any such
Primary Insurance Policy applicable to a Mortgage Loan that is in effect at the
Closing Date and is required to be kept in force hereunder unless the
replacement Primary Insurance Policy for such canceled or non-renewed policy is
maintained with an insurer whose claims-paying ability is acceptable to each
Rating Agency for mortgage pass-through certificates having ratings equal to or
better than the ratings then assigned to the Certificates by such Rating Agency.
The Company agrees to effect the timely payment of the premium on each Primary
Insurance Policy, and such costs not otherwise recoverable shall be recoverable
by the Company from related Insurance Proceeds and Liquidation Proceeds pursuant
to Section 3.04.
(b) In connection with its activities as administrator and servicer of the
Mortgage Loans, the Company agrees to present, on behalf of itself, the Trustee
and the Certificateholders, claims to the insurer under each Primary Insurance
Policy and, in this regard, to take such reasonable action as shall be necessary
to permit recovery under any Primary Insurance Policy respecting a related
defaulted Mortgage Loan. To the extent provided in Section 3.02(b), any amounts
collected by the Company under any Primary Insurance Policy in respect of the
Mortgage Loans (including, without limitation, a Mortgage Loan purchased by a
related insurer) shall be credited to the Mortgage Loan Payment Record.
Section 3.06. Maintenance of Hazard Insurance. The Company shall cause to
be maintained for each Mortgage Loan, other than a Cooperative 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, whichever is less. The
Company shall also maintain on property (other than Cooperative Apartments)
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 plus accrued
interest and the good-faith estimate of the Company of related Liquidation
Expenses to be incurred in connection therewith. 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 Sections 3.03
and 3.04. In cases in which property securing any Mortgage Loan other than a
Cooperative 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
(whether or not including Cooperative 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, unless in
the reasonable discretion of the Company, such exercise would adversely affect
or jeopardize coverage under the related Primary Insurance Policy, if any;
provided, however, that if the Company is prevented, as provided in Section
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 Primary Insurance Policy and 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, consistent with Section 3.05, follow such
practices and procedures as it shall deem necessary or advisable and as shall be
normal and usual in its general mortgage 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 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 in effect on and after such acquisition of title (after giving effect
to any previous Principal Prepayments and Deficient Valuations incurred
subsequent to the related Bankruptcy Coverage Termination Date and before any
adjustment thereto by reason of any bankruptcy (other than as aforesaid) or any
similar proceeding or any moratorium or similar waiver or grace period) 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
Note. REO Proceeds received in any month in excess of the Amortization Payment
for such month due on any 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 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 such period shall
be extended by the time period permitted by section 856(e)(3) of the Code.
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 or
the Trustee, as applicable, for any related unreimbursed Monthly Advances;
second, to accrued and unpaid interest on the Mortgage Loan at the Mortgage Rate
from the date to which interest was last paid or advanced to the Due Date prior
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 (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
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 the 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 (including, without
limitation, collection under any Primary Insurance Policy), the Trustee shall,
upon request of the Company and delivery to the Trustee of a receipt signed by a
Servicing 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 by the amount of any Compensating Interest Payment for such Distribution
Date. Additional servicing compensation in the form of Prepayment Interest
Excess, 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, 3.03,
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.
Section 3.11. Reports to the Trustee. 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,
2000, 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, the Company has fulfilled all
its material obligations under this Agreement throughout such year, or, if there
has been a default in the fulfillment of any such obligation, specifying each
such default 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, 2000, 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 servicing portfolio (which may exclude home
equity loans) 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. 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.
ARTICLE IV
PAYMENTS AND STATEMENTS
Section 4.01. Distributions. (a) On each Distribution Date, the Trustee
shall withdraw the Available 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 Funds:
(i) to each Class of Senior Certificates (other than any Class of
Principal Only Certificates) and the Class S Certificates, the Accrued
Certificate Interest thereon for such Distribution Date; provided, however,
that any Accrued Certificate Interest on any Class of Accrual Certificate
or Accrual Component for such Distribution Date shall be applied in the
manner provided in Section 4.01(g); and provided, further, that any
shortfall in available amounts shall be allocated among such Classes in
proportion to the amount of Accrued Certificate Interest that would
otherwise be distributable thereto;
(ii) to each Class of Senior Certificates (other than any Class of
Principal Only Certificates) and the Class S Certificates, any related
Unpaid Class Interest Shortfall for such Distribution Date; provided,
however, that any Unpaid Class Interest Shortfall on any Class of Accrual
Certificate or Accrual Component for such Distribution Date shall be
applied in the manner provided in Section 4.01(g); and provided, further,
that any shortfall in available amounts shall be allocated among such
Classes in proportion to the Unpaid Class Interest Shortfall for each such
Class on such Distribution Date;
(iii) to the Classes of Senior Certificates in reduction of the Class
Certificate Principal Balances thereof, as set forth in the Senior
Principal Priorities hereto; provided, however, that defined terms used in
the Senior Principal Priorities shall have the meanings assigned thereto in
Article I hereof, without regard to the use of the word "approximately"
therein;
(iv) to the Class PO Certificates, any Class PO Deferred Amount for
such Distribution Date, up to an amount not to exceed the Junior Optimal
Principal Amount for such Distribution Date, until the Class Certificate
Principal Balance of such Class has been reduced to zero; provided, that
any such amounts distributed to the Class PO Certificates pursuant to this
clause (iv) shall not reduce the Class Certificate Principal Balance
thereof;
(v) to the Class M Certificates, the Accrued Certificate Interest
thereon for such Distribution Date;
(vi) to the Class M Certificates, any Unpaid Class Interest Shortfall
therefor on such Distribution Date;
(vii) to the Class M Certificates, in reduction of the Class
Certificate Principal Balance thereof, such Class's Allocable Share of the
Junior Optimal Principal Amount on such Distribution Date;
(viii) to the Class B1 Certificates, the Accrued Certificate Interest
thereon for such Distribution Date;
(ix) to the Class B1 Certificates, any Unpaid Class Interest Shortfall
therefor on such Distribution Date;
(x) to the Class B1 Certificates, in reduction of the Class
Certificate Principal Balance thereof, such Class's Allocable Share of the
Junior Optimal Principal Amount on such Distribution Date;
(xi) to the Class B2 Certificates, the Accrued Certificate Interest
thereon for such Distribution Date;
(xii) to the Class B2 Certificates, any Unpaid Class Interest
Shortfall therefor on such Distribution Date;
(xiii) to the Class B2 Certificates, in reduction of the Class
Certificate Principal Balance thereof, such Class's Allocable Share of the
Junior Optimal Principal Amount on such Distribution Date;
(xiv) to the Class B3 Certificates, the Accrued Certificate Interest
thereon for such Distribution Date;
(xv) to the Class B3 Certificates, any Unpaid Class Interest Shortfall
therefor on such Distribution Date;
(xvi) to the Class B3 Certificates, in reduction of the Class
Certificate Principal Balance thereof, such Class's Allocable Share of the
Junior Optimal Principal Amount on such Distribution Date;
(xvii) to the Class B4 Certificates, the Accrued Certificate Interest
thereon for such Distribution Date;
(xviii) to the Class B4 Certificates, any Unpaid Class Interest
Shortfall therefor on such Distribution Date;
(xix) to the Class B4 Certificates, in reduction of the Class
Certificate Principal Balance thereof, such Class's Allocable Share of the
Junior Optimal Principal Amount on such Distribution Date;
(xx) to the Class B5 Certificates, the Accrued Certificate Interest
thereon for such Distribution Date;
(xxi) to the Class B5 Certificates, any Unpaid Class Interest
Shortfall therefor on such Distribution Date; and
(xxii) to the Class B5 Certificates, in reduction of the Class
Certificate Principal Balance thereof, such Class's Allocable Share of the
Junior Optimal Principal Amount on such Distribution Date.
Notwithstanding the foregoing, amounts otherwise distributable pursuant to
clauses (vii), (x), (xiii), (xvi), (xix) and (xxii) on any Distribution Date
shall be reduced, in inverse order of priority, by any amount distributed
pursuant to clause (iv) on such date, such that such amount distributed pursuant
to clause (iv) on such date shall be applied first to reduce the amount
distributable pursuant to clause (xxii), and then, to the extent of any excess,
applied second, to reduce the amount distributable pursuant to clause (xix),
third, to reduce the amount distributable pursuant to clause (xvi), fourth, to
reduce the amount distributable pursuant to clause (xiii), fifth, to reduce the
amount distributable pursuant to clause (x) and sixth, to reduce the amount
distributable pursuant to clause (vii).
(b) (i) On each Distribution Date, the Trustee shall distribute to the
holder of the Class R Certificate any remaining amounts in the Upper Tier REMIC
on such Distribution Date after application of all amounts described in clause
(a) of this Section 4.01, plus any amounts distributable to the holder of the
Class R Certificate pursuant to Sections 4.01(e) and 4.10(e). Any distributions
pursuant to this clause (b)(i) shall not reduce the Class Certificate Principal
Balance of the Class R Certificate.
(ii) On each Distribution Date, in addition to amounts otherwise
distributable thereon pursuant to Section 2.05 or Section 4.01(a), the
Trustee shall distribute to the holder of the Class RL Certificate 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 the holders of outstanding Certificates of any other
Class pursuant to Section 4.01(f). Any distributions pursuant to this
clause (b)(ii) shall not reduce the Class Certificate Principal Balance of
the Class RL Certificate.
(c) 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 other than the Class PO Certificates pursuant to
Section 4.01(a)(iii) for such Distribution Date and each succeeding Distribution
Date shall be allocated among such 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 and amounts set
forth in Section 4.01(a)(iii).
(d) 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 Optimal Principal Amount remain undistributed on such
Distribution Date after all amounts otherwise distributable on such date
pursuant to clauses (iv) through (xxii) of Section 4.01(a) 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.
(e) (i) On each Distribution Date prior to the Cross-Over Date,
distributions in reduction of the Class Certificate Principal Balances of any
Designated Retail Certificates will be made in accordance with the provisions of
Section 4.10.
With respect to any Class of Designated Retail Certificates, upon the
earlier of the Cross-Over Date and the next Distribution Date after the
Distribution Date on which the Class Certificate Principal Balance of such Class
of Designated Retail Certificates has been reduced to zero, (x) to the extent
the balance of funds remaining in the related Rounding Account is less than
$999.99, the balance in such Rounding Account shall be restored to $999.99 (or,
if less, the sum of such remaining balance and the amount so distributable) from
Available Funds otherwise available for distribution on all outstanding Classes
of Certificates and (y) such Rounding Account shall be cleared and terminated,
and the amounts therein shall be distributed to the Class R Certificates on such
date (which distribution shall not reduce the Class Certificate Principal
Balance thereof).
(ii) As provided in Section 4.10(f), notwithstanding any provisions
herein to the contrary, on the Cross-Over Date and on each subsequent
Distribution Date, distributions in reduction of the Class Certificate
Principal Balances of any Class of Designated Retail Certificates shall be
made on a pro rata basis among the outstanding Certificates of the
respective Class, based on the Percentage Interest in each such Class
represented by each Certificate. The Trustee shall notify the Depository
prior to the first Distribution Date on which distributions in respect of
principal on any Class of Designated Retail Certificates are to be made on
a pro rata basis in accordance with the preceding sentence. On the
Cross-Over Date and on each subsequent Distribution Date, the Trustee shall
not, and the Depository is not authorized to, make distributions or
payments in respect of any Class of Designated Retail Certificates in
accordance with any Principal Distribution Request or by Random Lot.
(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 be 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 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 subsection
(f). Any distributions made pursuant to this subsection (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 (i) with respect to the Class PO Certificates, based on the applicable
PO Percentage of the principal portion of the Realized Loss previously allocated
thereto with respect to such Mortgage Loan (or all Mortgage Loans for purposes
of the next to last sentence of the preceding paragraph), and (ii) with respect
to any other Class of Certificates, based on its pro rata share (in proportion
to the Class Certificate Principal Balances thereof with respect to such
Distribution Date) of the applicable Non-PO Percentage of the principal portion
of any such Realized Loss previously allocated with respect to such Mortgage
Loan (or Loans); provided, however, that (i) the share of an Unanticipated
Recovery allocable to a Class PO Certificate with respect to any Mortgage Loan
(or Loans) shall be reduced by the aggregate amount previously distributed to
such Class on account of the applicable Class PO Deferred Amount in respect of
such Mortgage Loan (or Loans) and (ii) the amount by which the distributions to
the Class PO Certificates have been so reduced shall be distributed to the
Classes of Certificates described in clause (ii) of the preceding paragraph in
the same proportion as described in such clause (ii). For purposes of the
preceding sentence, any Class PO Deferred Amount distributed to a Class PO
Certificate on previous Distribution Dates shall be deemed to have been
allocated in respect of the Mortgage Loans as to which the applicable PO
Percentage of the principal portion of Realized Losses has previously been
allocated to such Class on a pro rata basis (based on the amount of Realized
Losses so allocated).
(g) On each Distribution Date through the Accretion Termination Date,
amounts allocable to the Class A6 Certificates pursuant to clauses (a)(i) and
(a)(ii) of this Section 4.01 shall not be distributable to the Class A6
Certificates pursuant to such clauses but shall instead be (i) added to the
Class Certificate Principal Balance thereof to the extent of the Accrual Amount
for such Class for such Distribution Date, and (ii) distributed to the following
Classes of Certificates, in reduction of the Class Certificate Principal
Balances thereof, before any distributions are made pursuant to Section
4.01(a)(iii), in the following order of priority:
first, sequentially, to the Class A3, Class A4, Class A13 and Class A5
Certificates, in that order, until the Class Certificate Principal Balances
of the Class A4, Class A13 and Class A5 Certificates have each been reduced
to zero; and
second, to the Class A6 Certificates.
On each Distribution Date occurring after the related Accretion Termination
Date, amounts allocable to the Class A6 Certificates pursuant to clauses (a)(i)
and (a)(ii) of this Section 4.01 shall be distributable on such Distribution
Date pursuant to such clauses to Holders of the Class A6 Certificates as Accrued
Certificate Interest or Unpaid Class Interest Shortfall, as the case may be.
Section 4.02. Method of Distribution. (a) Except as set forth in Section
4.10 in respect of any Designated Retail Certificates, 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 Financial
Intermediary for which it acts as agent. Each Financial Intermediary shall be
responsible for disbursing funds to the Certificate Owners that it represents.
Except as otherwise provided in Section 4.10(g), the Depository shall be
responsible for the allocation of the aggregate amount of distributions in
reduction of the Class Certificate Principal Balances of any Class of Designated
Retail Certificates among the Depository Participants in accordance with Section
4.10, and each Depository Participant (and each respective Financial
Intermediary for which such Depository Participant acts as agent) shall be
responsible for the allocation of the amount allocated thereto among the related
Certificate Owners. 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.
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:
(i) the applicable PO Percentage of the principal portion of any such
Realized Loss shall be allocated to the Class PO Certificates until the
Class Certificate Principal Balance thereof has been reduced to zero; and
(ii) the applicable Non-PO Percentage of the principal portion of any
such Realized Loss shall be allocated in the following order of priority:
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;
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 other than the
Class PO Certificates, pro rata, in accordance with their Class
Certificate Principal Balances; provided, that any such loss allocated
to any Class of Accrual Certificates (and any Accrual Component) shall
be allocated (subject to Section 4.03(d)) on the basis of the lesser
of (x) the Class Certificate Principal Balance (or Component Principal
Balance) thereof immediately prior to the applicable Distribution Date
and (y) the Class Certificate Principal Balance (or Component
Principal Balance) thereof on the Closing Date (as reduced by any
Realized Losses previously allocated thereto).
(c) With respect to any Distribution Date, the principal portion of any
Excess Loss (other than Excess Bankruptcy Losses attributable to Debt Service
Reductions) shall be allocated as follows: (1) the PO Percentage of any such
loss shall be allocated to the Class PO Certificates, and (2) the Non-PO
Percentage of any such loss shall be allocated to each Class of Certificates
other than the Class PO Certificates, pro rata, based on the respective Class
Certificate Principal Balances thereof; provided, that any such loss allocated
to any Class of Accrual Certificates (and any Accrual Component) shall be
allocated (subject to Section 4.03(d)) on the basis of the lesser of (x) the
Class Certificate Principal Balance (or Component Principal Balance) thereof
immediately prior to the applicable Distribution Date and (y) the Class
Certificate Principal Balance (or Component Principal Balance) thereof on the
Closing Date (as reduced by any Realized Losses previously allocated thereto).
(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. In addition,
any Realized Losses allocated to any Class of Component Certificates on a
Distribution Date shall be allocated in reduction of the Component Principal
Balances of the related Components (other than any Notional Component) in
proportion to their respective Component Principal Balances immediately prior to
such Distribution Date. Any allocation of Realized Losses pursuant to this
paragraph (d) shall be accomplished by reducing the Certificate Principal
Balance (or, in the case of any Component, the Component Principal Balance) of
the related Certificates (or Components) 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, except that the
aggregate amount of Realized Losses to be allocated to the Class PO Certificates
on such Distribution Date will be taken into account in determining
distributions in respect of any Class PO Deferred Amount for such 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, without duplication of any other provision in this Section
4.03 that provides for a reduction in the Certificate Principal Balance of the
Subordinate Certificates, 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 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 Scheduled Principal Balance of
the Mortgage Loans as of the first day of the month of such Distribution Date,
less any Deficient Valuations occurring on or prior to the Bankruptcy Coverage
Termination Date (such limitation, the "Loss Allocation Limitation").
(h) Any allocation of a Realized Loss to a Class of Certificates (or
Component), 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. If the Company so elects to
purchase any Defaulted Mortgage Loans (or is required to purchase any Mortgage
Loan pursuant to Section 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 transfers 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 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, 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 a statement (each, a "Distribution Date Statement") substantially in the
form of Exhibit J hereto. On the first two Distribution Dates immediately
following the Closing Date, the Trustee shall mail to each Certificateholder the
related Distribution Date Statement. Beginning on the second (or on any
succeeding) Distribution Date immediately following the Closing Date, the
Trustee may provide a notice that future Distribution Date Statements shall be
made available on the Trustee's website maintained on the internet; such notice
shall (a) specify the Trustee's website address, and (b) provide for any
Certificateholder to request any future Distribution Date Statement(s) to be
mailed to such requesting Certificateholder. If on the third (or on any
succeeding) Distribution Date immediately following the Closing Date the Trustee
elects to make available such Distribution Date Statements on the Trustee's
website maintained on the internet, on each Distribution Date the Trustee shall
(y) make such Distribution Date Statements available on the Trustee's website,
and (z) mail the applicable Distribution Date Statement to any such
Certificateholder who so requests or has previously so requested. In addition,
the Trustee shall promptly notify the Certificateholders of any changes in the
internet address of the Trustee's website. If on any Distribution Date the
Trustee is unable to make or otherwise determines not to make the applicable
Distribution Date Statement available on the Trustee's website, then the Trustee
shall mail such Distribution Date Statement to each Certificateholder on such
Distribution Date. Each Distribution Date Statement shall set forth:
(i) The amount of such distribution to the Certificateholders of each
Class (and in respect of any Component), other than any Notional
Certificates (and any Notional Component), allocable to principal,
separately identifying the aggregate amount of any Principal Prepayments
included therein (including, for this purpose, the Scheduled Principal
Balances of all Defaulted Mortgage Loans and Defective Mortgage Loans
purchased pursuant to Section 2.02, 2.03(b) or 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, including any Accrual Amount added to the Class Certificate
Principal Balance or Component Principal Balance of any Class of Accrual
Certificates or any Accrual Components;
(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 information as the Company deems necessary
or desirable to enable Certificateholders to prepare their tax returns;
(iv) The Pool Scheduled Principal Balance and the aggregate number of
the Mortgage Loans on the preceding Due Date after giving effect to all
distributions allocable to principal made on such Distribution Date;
(v) The Class Certificate Principal Balance (or Notional Principal
Balance) of each Class, the Component Principal Balance of each Component
and the Certificate Principal Balance (or Notional Principal Balance) of a
Single Certificate of each Class after giving effect to (i) all
distributions allocable to principal (or reductions in the Notional
Principal Balance, in the case of the Notional Certificates, or the
addition of any Accrual Amount, in the case of any Class of Accrual
Certificates) made on such Distribution Date and (ii) the allocation of any
Realized Losses and any Subordinate Certificate Writedown Amount 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 Scheduled 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) delinquent as to a
total of (x) 30-59 days, (y) 60-89 days and (z) 90 days or more, and (b) in
foreclosure;
(ix) The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to Section 2.03(b);
(x) The Certificate Interest Rates of any LIBOR Certificates, any COFI
Certificates and the Class S Certificates applicable to the Interest
Accrual Period relating to such Distribution Date and such Class;
(xi) The Senior Percentage, the Class A12 Percentage, the Class A12
Scheduled Distribution Percentage and the Junior Percentage for such
Distribution Date;
(xii) The Senior Prepayment Percentage, the Class A12 Prepayment
Distribution Percentage and the Junior Prepayment Percentage for such
Distribution Date; and
(xiii) The amount of such distribution to the Certificateholders of
each Class allocable to Unanticipated Recoveries.
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 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 may be accompanied by a legend
to the effect that the information contained in the Private Placement Memorandum
and any amendment or supplement thereto is current only as of its date and the
delivery thereof does not create an implication that such information is correct
as of any subsequent date of delivery (it being understood that the Company has
no obligation hereunder to update or supplement the Private Placement Memorandum
unless otherwise required pursuant to Rule 144A(d)(4)) (which copy and legend
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.
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 1999, 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 15th 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 Fees by Compensating Interest
Payments. The aggregate amount of the Servicing Fees subject to retention by the
Company as servicer in respect of any Distribution Date shall be reduced by the
amount of any Compensating Interest Payment for such Distribution Date.
Section 4.09. Surety Bond. (a) If a Required Surety Payment is payable
pursuant to the Surety Bond with respect to any Pledged Asset Mortgage Loan, the
Company shall so notify the Trustee as soon as reasonably practicable and shall,
on behalf of the Trustee for the benefit of the Certificateholders, promptly
complete the notice in the form of Attachment 1 to the Surety Bond and shall
promptly submit such notice to the Surety as a claim for a Required Surety
Payment.
(b) Upon receipt of a Required Surety Payment from the Surety on behalf of
the Certificateholders, the Company shall promptly credit such amount to the
Mortgage Loan Payment Record.
Section 4.10. Distributions to Holders of Designated Retail Certificates.
(a) Except as provided in subsections (d) and (f) below, on each Distribution
Date on which distributions in reduction of the Class Certificate Principal
Balance of a Class of Designated Retail Certificates are made, such
distributions will be made in the following order of priority:
(i) first, in respect of any Principal Distribution Request by the
personal representative of a Deceased Holder of such Class of Certificates,
a surviving tenant by the entirety, a surviving joint tenant, a surviving
tenant in common or such other Person empowered to act on behalf of such
Deceased Holder upon his or her death, in an amount up to but not exceeding
$100,000 per request; and
(ii) second, in respect of any Principal Distribution Request by a
Living Holder of such Class of Certificates, in an amount up to but not
exceeding $10,000 per request.
Thereafter, distributions in respect of such Class submitted on behalf of
each Deceased Holder will be made as provided in clause (i) above up to a second
$100,000 per request and distributions in respect of such Class submitted on
behalf of each Living Holder will be made as provided in clause (ii) above up to
a second $10,000 per request. This sequence of priorities will be repeated until
all such requests have been honored to the extent of amounts available for
distribution in reduction of the Class Certificate Principal Balance of such
Class of Designated Retail Certificates.
Principal Distribution Requests presented on behalf of Deceased Holders in
accordance with the provisions of clause (i) above will be accepted in the order
of their receipt by the Depository. Principal Distribution Requests presented in
accordance with the provisions of clause (ii) above will be accepted in the
order of their receipt by the Depository after all requests presented in
accordance with clause (i) have been honored. All Principal Distribution
Requests with respect to any Distribution Date shall be made in accordance with
Section 4.10(c) below and must be received by the Depository no later than the
close of business on the related Record Date. Principal Distribution Requests
that are received by the Depository after the related Record Date and requests,
in either case, for distributions timely received but not accepted with respect
to any Distribution Date, will be treated as Principal Distribution Requests on
the next succeeding Distribution Date, and each succeeding Distribution Date
thereafter, until each such request is accepted or is withdrawn as provided in
Section 4.10(c). Requests on behalf of Deceased Holders that are not so
withdrawn shall retain their order of priority, all in accordance with the
procedures of the Depository and the Trustee. Upon the transfer of beneficial
ownership of any Designated Retail Certificate, any Principal Distribution
Request previously submitted with respect to such Certificate will be deemed to
have been withdrawn only upon the receipt by the Trustee of notification of such
withdrawal using a form required by the Depository.
Principal Distribution Requests for a Class of Designated Retail
Certificates will be applied, in the aggregate, in an amount equal to the
portion of the Available Funds distributable to such Class of Certificates
pursuant to Section 4.01(a), plus any amounts available for distribution from
the related Rounding Account pursuant to Section 4.10(e), provided that the
aggregate distribution in reduction of the Class Certificate Principal Balance
of any Class of Designated Retail Certificates on any Distribution Date shall be
made in an integral multiple of $1,000, subject to Section 4.10(f).
(b) A "Deceased Holder" is a beneficial owner of a Designated Retail
Certificate who was living at the time such interest was acquired and whose
authorized personal representative, surviving tenant by the entirety, surviving
joint tenant or surviving tenant in common or other Person empowered to act on
behalf of such beneficial owner upon his or her death, causes to be furnished to
the Trustee a certified copy of the death certificate of such Deceased Holder,
evidence of such person's status as an authorized representative of the Deceased
Holder, such as surviving tenant (whether by the entirety, joint tenancy or
tenancy in common), which evidence shall be satisfactory to the Trustee, and any
additional evidence of death required by and satisfactory to the Trustee and any
tax waivers requested by the Trustee. Designated Retail Certificates
beneficially owned by tenants by the entirety, joint tenants or tenants in
common will be considered to be beneficially owned by a single owner. The death
of a tenant by the entirety, joint tenant or tenant in common will be deemed to
be the death of the beneficial owner, and any Designated Retail Certificates so
beneficially owned will be eligible for priority with respect to distributions
in reduction of the Class Certificate Principal Balance of such Class of
Certificates, subject to the limitations contained in this Section 4.10.
Designated Retail Certificates beneficially owned by a trust will be considered
to be beneficially owned by each beneficiary of the trust to the extent of such
beneficiary's beneficial interest therein, but in no event will a trust's
beneficiaries collectively be deemed to be beneficial owners of a number of
individual Designated Retail Certificates greater than the number of individual
Designated Retail Certificates of which such trust is the beneficial owner. The
death of a beneficiary of a trust will be deemed to be the death of a beneficial
owner of the Designated Retail Certificates beneficially owned by the trust to
the extent of such beneficiary's beneficial interest in such trust. The death of
an individual who was a tenant by the entirety, joint tenant or tenant in common
in a tenancy that is the beneficiary of a trust will be deemed to be the death
of the beneficiary of the trust. The death of a person who, immediately prior to
his or her death, was entitled to substantially all of the beneficial ownership
interest in a Designated Retail Certificate will be deemed to be the death of
the beneficial owner of such Certificate regardless of the registration of
ownership of such Certificate, if such beneficial ownership interest can be
established to the satisfaction of the Trustee. The Trustee's decision regarding
whether a Deceased Holder's beneficial interest is substantial for purposes of
the preceding sentence shall be conclusive and binding. Such beneficial interest
will be deemed to exist in typical cases of street name or nominee ownership,
ownership by a trustee, ownership under the Uniform Gifts to Minors Act and
community property or other joint ownership arrangements between a husband and
wife. Beneficial interests shall include the power to sell, transfer or
otherwise dispose of a Designated Retail Certificate, and the right to receive
the proceeds therefrom, as well as interest and distributions in reduction of
the Certificate Principal Balance of such Certificates payable with respect
thereto. The Trustee shall not be under any duty to determine independently the
occurrence of the death of any beneficial owner. The Trustee may rely entirely
upon documentation delivered to it in establishing the eligibility of any
beneficial owner to receive the priority accorded Deceased Holders in Section
4.10(a). Expenses incurred by the Trustee in an effort to determine the
beneficial ownership interest with respect to any Principal Distribution Request
presented on behalf of a Deceased Holder, including, without limitation,
attorneys fees, shall be paid by the Person presenting such Principal
Distribution Request.
(c) Requests for distributions in reduction of the Certificate Principal
Balance of a Class of Designated Retail Certificate must be made by delivering a
Principal Distribution Request therefor to the Depository Participant or
Financial Intermediary that maintains the account evidencing the beneficial
owner's interest in such Certificate. Such Depository Participant or Financial
Intermediary should in turn make the request of the Depository (or, in the case
of an Financial Intermediary, such Financial Intermediary should notify the
related Depository Participant of such request, which Depository Participant
should make the request of the Depository) on a form required by the Depository
and provided to the Depository Participant. In the case of a request on behalf
of a Deceased Holder, a certified copy of the death certificate and any
additional appropriate evidence of death and any tax waivers must be forwarded
to the Trustee under separate cover. Any such requests of Deceased Holders that
are incomplete may not be honored by the Trustee and, if not honored, will lose
their priority and must be resubmitted in proper form. Upon receipt of such
Principal Distribution Request, the Depository will date and time stamp such
request and forward such request to the Trustee. Such requests will be honored
on any Distribution Date only to the extent that they are received by the
Depository on or before the Record Date for such Distribution Date. The
Depository may establish such procedures as it deems fair and equitable to
establish the order of receipt of requests for such distributions received by it
on the same day. Principal Distribution Requests delivered to the Depository
after the Record Date for a particular Distribution Date and requests received
in a timely manner but not accepted with respect to a particular Distribution
Date will be treated as Principal Distribution Requests for the next succeeding
Distribution Date and each succeeding Distribution Date thereafter until each
request is accepted or is withdrawn as provided below. In the case of Principal
Distribution Requests on behalf of Living Holders, the Depository will establish
a new order of priority for each Distribution Date. This order will apply both
to previously unsatisfied Principal Distribution Requests and to newly submitted
requests. A Principal Distribution Request submitted on behalf of a Living
Holder who later dies will become entitled to the priority of a newly submitted
request on behalf of a Deceased Holder upon satisfaction of the requirements set
forth above for requests of a Deceased Holder. Such priority will be effective
for each subsequent Distribution Date if the Trustee has received a certified
copy of the death certificate for such Deceased Holder and any additional
appropriate evidence of death and any requested tax waivers by the last business
day of the preceding calendar month. Each Principal Distribution Request
submitted by a beneficial owner of a Designated Retail Certificate will be held
by the Depository until such request has been accepted or has been withdrawn in
writing as provided herein. Neither the Trustee nor the Company shall be liable
for any delay in delivery of Principal Distribution Requests or Withdrawals (as
defined below) of such requests by the Depository, a Depository Participant or
any Financial Intermediary.
In the event that any Principal Distribution Requests are rejected by the
Trustee for failure to comply with the requirements of this Section 4.10, the
Trustee shall return such requests to the appropriate Depository Participant
with a copy to the Depository with an explanation as to the reason for such
rejection.
The Trustee shall maintain a list of those Depository Participants
representing the Certificate Owners of Designated Retail Certificates that have
submitted Principal Distribution Requests, together with the order of receipt
and the amounts of such requests. The Trustee shall notify the Depository and
the appropriate Depository Participants as to which requests should be honored
on each Distribution Date. Requests shall be honored by the Depository in
accordance with the procedures, and subject to the priorities and limitations,
described in this Section 4.10. The exact procedures to be followed by the
Trustee and the Depository for purposes of determining such priorities and
limitations shall be those established from time to time by the Trustee or the
Depository, as the case may be. The decisions of the Trustee and the Depository
concerning such matters shall be final and binding on all affected Persons.
Any beneficial owner of a Designated Retail Certificate that has made a
Principal Distribution Request may withdraw its request by so notifying in
writing the Depository Participant or Financial Intermediary that maintains such
beneficial owner's account (each such withdrawal, a "Withdrawal"). The
Depository Participant should forward the Withdrawal to the Depository on a form
required by the Depository. In the event that such account is maintained by a
Financial Intermediary, such Financial Intermediary should notify the related
Depository Participant which in turn should forward the Withdrawal of such
request, on a form required by the Depository, to the Depository. If such
Withdrawal has not been received by the Depository and forwarded to the Trustee
on or before the Record Date for the next Distribution Date, the previously made
Principal Distribution Request will be irrevocable with respect to the making of
distributions in reduction of the Certificate Principal Balance of such
Designated Retail Certificate on such Distribution Date.
(d) To the extent, if any, that amounts available for distribution in
reduction of the Class Certificate Principal Balance of a Class of Designated
Retail Certificates on a Distribution Date pursuant to Section 4.01(a) exceed
the dollar amount of Principal Distribution Requests that have been received in
respect of such Class by the related Record Date, as provided in Section 4.10(c)
above, distributions in reduction of the Class Certificate Principal Balance of
such Class of Certificates will be made by mandatory distributions on a Random
Lot basis, in integral multiples equal to $1,000, in reduction thereof without
regard to whether such Certificate Owners have submitted Principal Distribution
Requests. The Trustee shall notify the Depository of the aggregate amount of the
mandatory distribution by Random Lot in reduction of the Class Certificate
Principal Balance of such Designated Retail Certificates to be made on the next
Distribution Date. The Depository shall then allocate such aggregate amount
among its Depository Participants on a Random Lot basis. Each Depository
Participant and, in turn, each Financial Intermediary, will then select, in
accordance with its own procedures, Designated Retail Certificates of such Class
from among those held in its accounts to receive mandatory distributions in
reduction of the Class Certificate Principal Balance of such Certificates, such
that the total amount so selected is equal to the aggregate amount of such
mandatory distributions allocated to such Depository Participant by the
Depository and to such Financial Intermediary by its related Depository
Participant, as the case may be. Depository Participants and Financial
Intermediaries that hold a Class of Designated Retail Certificates selected for
mandatory distributions in reduction of the Class Certificate Principal Balance
thereof should provide notice of such mandatory distributions to the affected
Certificate Owners.
(e) On the Closing Date, a separate Rounding Account shall be established
with the Trustee for each Class of Designated Retail Certificates and the
Rounding Account Depositor for such Rounding Account shall cause to be initially
deposited the sum of $999.99 in each such Rounding Account. On each Distribution
Date on which a distribution is to be made in reduction of the Class Certificate
Principal Balance of a Class of Designated Retail Certificates pursuant to
Section 4.01(a), funds on deposit in the related Rounding Account shall be, to
the extent needed, withdrawn by the Trustee and applied to round upward to an
integral multiple of $1,000 the aggregate distribution in reduction of the Class
Certificate Principal Balance to be made on such Class of Certificates. Rounding
of such distribution on such Class of Designated Retail Certificates shall be
accomplished, on the first such Distribution Date, by withdrawing from the
related Rounding Account the amount of funds, if any, needed to round the amount
otherwise available for such distribution in reduction of the Class Certificate
Principal Balance of such Certificates upward to the next integral multiple of
$1,000. On each succeeding Distribution Date on which distributions in reduction
of the Class Certificate Principal Balance of such Class of Designated Retail
Certificates are to be made pursuant to Section 4.01(a), the aggregate amount of
such distributions allocable to such Certificates shall be applied first to
repay any funds withdrawn from the related Rounding Account and not previously
repaid, and then the remainder of such allocable amount, if any, shall be
similarly rounded upward to the next integral multiple of $1,000 and applied as
distributions in reduction of the Class Certificate Principal Balance of the
related Class of Certificates; this process shall continue on succeeding
principal Distribution Dates prior to the Cross-Over Date until the Class
Certificate Principal Balance of each such Class of Certificates has been
reduced to zero. Each Rounding Account shall be maintained as a non-interest
bearing account; the Rounding Accounts shall not be an asset of the Trust Fund,
but shall be an asset of the Upper-Tier REMIC. On the earlier of (1) the
Cross-Over Date and (2) the first Distribution Date after the Class Certificate
Principal Balance of any Class of Designated Retail Certificates has been
reduced to zero, any remaining amounts in the related Rounding Account shall be
distributed to the Class R Certificate.
(f) Notwithstanding any provisions herein to the contrary, on each
Distribution Date coinciding with or after the Cross-Over Date, all
distributions in reduction of the Class Certificate Principal Balance of any
Class of Designated Retail Certificates will be made among the Holders and
Certificate Owners of such Class of Certificates, pro rata, based on their
Certificate Principal Balances, and will not be made in integral multiples of
$1,000 or pursuant to requested distributions or mandatory distributions by
Random Lot.
(g) In the event that Definitive Certificates representing any Class of
Designated Retail Certificates are issued pursuant to Section 5.02(f), all
requests for distributions or withdrawals of such requests relating to such
Class must be submitted to the Trustee, and the Trustee shall perform the
functions described in Section 4.10(a) through (d) using its own procedures,
which procedures shall, to the extent practicable, be consistent with the
procedures described in Section 4.10(a) through (d).
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.
(b) The Certificates shall be issued in an aggregate Initial Certificate
Principal Balance of $503,037,985.42. 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
Principal Interest Minimum
Designation Balance Rate Denominations
- ----------- --------- -------- -------------
Class A1 $100,000,000.00 7.00% $25,000
Class A2 24,300,000.00 7.00 25,000
Class A3 17,750,000.00 7.00 25,000
Class A4 12,772,000.00 7.00 25,000
Class A5 45,520,000.00 7.00 25,000
Class A6 26,800,000.00 7.00 25,000
Class A7 125,000,000.00 7.00 25,000
Class A8 9,485,714.00 7.00 25,000
Class A9 20,000,000.00 7.50 1,000
Class A10 (1) 0.03 (2)
Class A11 1,514,286.00 0.00 25,000
Class A12 78,950,000.00 7.00 25,000
Class A13 14,500,000.00 7.00 25,000
Class PO 6,324,211.02 0.00 (3)
Class M 9,557,000.00 7.00 100,000
Class B1 3,773,000.00 7.00 100,000
Class B2 2,012,000.00 7.00 100,000
Class B3 2,515,000.00 7.00 500,000
Class B4 1,006,000.00 7.00 500,000
Class B5 1,258,574.40 7.00 500,000
Class S (4) (4) (5)
Class R 100.00 7.00 100
Class RL 100.00 7.00 100
- -------------------
(1) The Class A10 Certificates are issued with an initial Notional Principal
Balance of $20,000,000.
(2) The Class A10 Certificates will be issued as a single Certificate
evidencing the entire Notional Principal Balance of such Class.
(3) This Class of Certificates will be issued as a single Certificate
evidencing the entire Class Certificate Principal Balance of such Class.
(4) The Class S Certificates are issued with an initial Notional Principal
Balance of $312,651,066.21 and shall bear interest at the Strip Rate.
(5) The Class S Certificates will be issued in minimum denominations of
Notional Principal Balance of $25,000,000.
(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 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). The Residual Certificates shall each 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 may evidence an additional
amount equal to the remainder of the Class Certificate 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.
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 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.
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 the related 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 (i) Class PO or Class S
Certificate or (ii) Restricted Junior Certificate to any 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 PO or Class S Certificates to the
Company or upon any subsequent transfer of any Class PO or 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 "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 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
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 State Street Bank and Trust Company 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 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 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.
Section 5.07. Determination of COFI. (a) If the outstanding Certificates
include any COFI Certificates, then on each COFI Determination Date the Trustee
shall determine the value of COFI on the basis of the most recently available
Information Bulletin referred to in the definition of "COFI". The establishment
of COFI by the Trustee and the Trustee's subsequent calculation of the rates of
interest applicable to the COFI Certificates for each Interest Accrual Period
shall (in the absence of manifest error) be final and binding. During each
Interest Accrual Period, the Certificate Interest Rate for the COFI Certificates
for the current and immediately preceding Interest Accrual Period shall be made
available by the Trustee to Certificate Owners and Certificateholders at the
following telephone number: (617) 664-5500.
(b) The failure by the Federal Home Loan Bank of San Francisco to publish
COFI for a period of 65 calendar days will constitute an "Alternative Rate
Event" for purposes hereof. Upon the occurrence of an Alternative Rate Event,
the Company will calculate the Certificate Interest Rates for the COFI
Certificates for the subsequent Interest Accrual Periods by using, in place of
COFI, (i) the replacement index, if any, published or designated by the Federal
Home Loan Bank of San Francisco or (ii) if no replacement index is so published
or designated, an alternative index to be selected by the Company that has
performed, or that the Company expects to perform, in a manner substantially
similar to COFI. At the time an alternative index is first selected by the
Company, the Company shall determine the average number of basis points, if any,
by which the alternative index differed from COFI for such period as the
Company, in its sole discretion, reasonably determines to reflect fairly the
long-term difference between COFI and the alternative index, and shall adjust
the alternative index by such average. The Company shall select a particular
index as an alternative only if it receives an Opinion of Counsel to the effect
that the selection of such index will not cause any REMIC established hereunder
to fail to qualify as a REMIC for federal income tax purposes. In the absence of
manifest error, the selection of any alternative index as provided by this
Section 5.07(b) shall be final and binding for each subsequent Interest Accrual
Period. Upon the occurrence of an Alternative Rate Event, the Trustee shall have
no responsibility for the determination of any alternative index or the
calculation of the Certificate Interest Rates for the COFI Certificates.
(c) If at any time after the occurrence of an Alternative Rate Event the
Federal Home Loan Bank of San Francisco resumes publication of COFI, the
Certificate Interest Rates for the COFI Certificates for each Interest Accrual
Period commencing thereafter will be calculated by reference to COFI.
Section 5.08. Determination of LIBOR. (a) If the outstanding Certificates
include any LIBOR Certificates, then on each LIBOR Determination Date the
Trustee shall determine LIBOR for the related Interest Accrual Period as such
rate equal to the Interest Settlement Rate. If such rate does not appear on the
Designated Telerate Page as of 11:00 a.m., London time, on the applicable LIBOR
Determination Date:
(i) The Trustee will request the principal London office of each
Reference Bank (as defined in Section 5.08(e)) to provide such bank's
offered quotation (expressed as a percentage per annum) to prime banks in
the London interbank market for one-month U.S. Dollar deposits as of 11:00
a.m., London time, on the applicable LIBOR Determination Date.
(ii) If on any LIBOR Determination Date, two or more of the Reference
Banks provide such offered quotations, LIBOR for the next Interest Accrual
Period will be the arithmetic mean of such offered quotations (rounding
such arithmetic mean upwards, if necessary, to the nearest whole multiple
of 1/16%). If on any LIBOR Determination Date only one or none of the
Reference Banks provide such offered quotations, LIBOR for the next
Interest Accrual Period will be the rate per annum the Trustee determines
to be the arithmetic mean (rounding such arithmetic mean upwards, if
necessary, to the nearest whole multiple of 1/16%) of the one-month
Eurodollar lending rate that three major banks in New York City selected by
the Trustee are quoting as of approximately 11:00 a.m., New York City time,
on the first day of the applicable Interest Accrual Period.
(iii) If on any LIBOR Determination Date the Trustee is required but
unable to determine LIBOR in the manner provided in subparagraph (ii) of
this Section 5.08(a), LIBOR for the next Interest Accrual Period will be
LIBOR as determined on the previous LIBOR Determination Date, or, in the
case of the first LIBOR Determination Date, the Initial LIBOR Rate.
(b) The establishment of LIBOR by the Trustee and the Trustee's subsequent
calculation of the Certificate Interest Rates applicable to the LIBOR
Certificates for the relevant Interest Accrual Period, in the absence of
manifest error, will be final and binding.
(c) Within five Business Days of the Trustee's calculation of the
Certificate Interest Rates of the LIBOR Certificates, the Trustee shall furnish
to the Company by telecopy (or by such other means as the Trustee and the
Company may agree from time to time) such Certificate Interest Rates.
(d) The Trustee shall provide to Certificateholders who inquire of it by
telephone the Certificate Interest Rates of the LIBOR Certificates for the
current and immediately preceding Interest Accrual Period.
(e) As used herein, "Reference Banks" shall mean no more than four leading
banks engaged in transactions in Eurodollar deposits in the international
Eurocurrency market (i) with an established place of business in London,
England, (ii) whose quotations appear on the display designated "LIBO" on the
Reuters Monitor Money Rates Service (the "Reuters Screen LIBO Page") on the
applicable LIBOR Determination Date and (iii) which have been designated as such
by the Trustee and are able and willing to provide such quotations to the
Trustee on each LIBOR Determination Date. The Reference Banks initially shall
be: Barclay's plc, Bank of Tokyo, National Westminster Bank and Trust Company
and Bankers Trust Company. If any of the initial Reference Banks should be
removed from the Reuters Screen LIBO Page or in any other way fail to meet the
qualifications of a Reference Bank, or if such page is no longer published, the
Trustee, after consultation with the Company, shall use its best efforts to
designate alternate Reference Banks.
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 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 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 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, 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;
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 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 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.
(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 the 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 person would exercise or use under the
circumstances in the conduct of his or her own affairs.
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 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
(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 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.
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,
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 Opinion of Counsel
shall be full and complete authorization and protection in respect of any
action taken or suffered or omitted by it hereunder in good faith and in
accordance with such 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
(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 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 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 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 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, 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 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
Lower-Tier REMIC from failing to qualify as a REMIC and to prevent the
imposition of a tax on the Trust Fund or the related REMICs established
hereunder. The Trustee, upon 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) as of
the first day of the month in which such purchase price is to be distributed to
Certificateholders 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 Scheduled Principal Balance of the Outstanding
Mortgage Loans, at the time of any such repurchase, aggregating less than 10
percent of the aggregate of the Scheduled 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 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 and, if applicable, in any Rounding Account,
in accordance with the applicable priorities and uses provided by Sections 4.01
and 4.10. 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.
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 the related REMICs 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 any such REMIC as defined in
section 860F of the Code, or (ii) cause the Upper-Tier REMIC or 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 such REMIC or REMICs 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 the related REMIC
established hereunder, 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, 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 or
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
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 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, subject to the priority of payments pursuant
to Section 4.01 and the allocation of losses pursuant to Section 4.03, 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 State Street Bank and Trust Company, Corporate Trust Department,
225 Franklin Street, Boston, Massachusetts 02110, (c) 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 S&P, Standard and Poor's
Ratings Services, 55 Water Street, 41st Floor, New York, New York 10041,
Attention: Residential Mortgage Surveillance, 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 Event of
Default; 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.
* * *
<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:
STATE STREET BANK AND
TRUST COMPANY,
as Trustee
By:____________________________________
Name:
Title:
[SEAL]
Attest:
By:____________________________________
Name:
Title:
<PAGE>
State of New Jersey )
) ss.:
County of Camden )
On the day of September, 1999 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 Commonwealth of Massachusetts )
) ss.:
County of Suffolk )
On the day of September, 1999 before me, a notary public in and for the
Commonwealth of Massachusetts, 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 State Street Bank and Trust Company,
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>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A1 Certificate
Principal Balance:
Class A1 $100,000,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
September 1, 1999
First Distribution Date: CUSIP:36157R5T8
October 25, 1999
<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 conventional,
fixed rate, one- to four-family mortgage 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
September 1, 1999 (the "Agreement"), between the Company and State Street Bank
and Trust Company, 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 October 1999, 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 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 REMIC Mortgage Pass-Through Certificates, Series 1999-18, issued
in twenty-three Classes (Class A1, Class A2, Class A3, Class A4, Class A5, Class
A6, Class A7, Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class R, Class RL, Class PO, Class S, Class M, Class B1, Class B2, Class B3,
Class B4 and Class B5, 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 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 R or Class RL 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 subject to ERISA or a Plan or a Person that is using the assets of a Plan
to acquire any such Class R or Class RL 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 R or Class RL
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 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.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By: ____________________________
Name:
Title:
Countersigned:
By__________________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:_______________
<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>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A2 Certificate
Principal Balance:
Class A2 $24,300,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
September 1, 1999
First Distribution Date: CUSIP:36157R5U5
October 25, 1999
<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 conventional,
fixed rate, one- to four-family mortgage 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
September 1, 1999 (the "Agreement"), between the Company and State Street Bank
and Trust Company, 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 October 1999, 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 above, after due notice by the
Trustee of the pendency of such distribution and only upon presentation and
<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>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A3 Certificate
Principal Balance:
Class A3 $17,750,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
September 1, 1999
First Distribution Date: CUSIP:36157R5V3
October 25, 1999
<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 conventional,
fixed rate, one- to four-family mortgage 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
September 1, 1999 (the "Agreement"), between the Company and State Street Bank
and Trust Company, 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 October 1999, 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 above, after due notice by the
Trustee of the pendency of such distribution and only upon presentation and
<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>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A4 Certificate
Principal Balance:
Class A4 $12,772,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
September 1, 1999
First Distribution Date: CUSIP:36157R5W1
October 25, 1999
<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 conventional,
fixed rate, one- to four-family mortgage 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
September 1, 1999 (the "Agreement"), between the Company and State Street Bank
and Trust Company, 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 October 1999, 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 above, after due notice by the
Trustee of the pendency of such distribution and only upon presentation and
<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>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A5 Certificate
Principal Balance:
Class A5 $45,520,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
September 1, 1999
First Distribution Date: CUSIP:36157R5X9
October 25, 1999
<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 conventional,
fixed rate, one- to four-family mortgage 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
September 1, 1999 (the "Agreement"), between the Company and State Street Bank
and Trust Company, 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 October 1999, 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 above, after due notice by the
Trustee of the pendency of such distribution and only upon presentation and
<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>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A6 Certificate
Principal Balance:
Class A6 $26,800,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
September 1, 1999
First Distribution Date: CUSIP:36157R5Y7
October 25, 1999
<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 conventional,
fixed rate, one- to four-family mortgage 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
September 1, 1999 (the "Agreement"), between the Company and State Street Bank
and Trust Company, 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 October 1999, 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 above, after due notice by the
Trustee of the pendency of such distribution and only upon presentation and
<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>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A7 Certificate
Principal Balance:
Class A7 $125,000,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
September 1, 1999
First Distribution Date: CUSIP:36157R5Z4
October 25, 1999
<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
A7 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage 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
September 1, 1999 (the "Agreement"), between the Company and State Street Bank
and Trust Company, 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 October 1999, 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 above, after due notice by the
Trustee of the pendency of such distribution and only upon presentation and
<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>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A8 Certificate
Principal Balance:
Class A8 $9,485,714
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
September 1, 1999
First Distribution Date: CUSIP:36157R6A8
October 25, 1999
<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
A8 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage 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
September 1, 1999 (the "Agreement"), between the Company and State Street Bank
and Trust Company, 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 October 1999, 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 above, after due notice by the
Trustee of the pendency of such distribution and only upon presentation and
<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>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A9 Certificate
Principal Balance:
Class A9 $20,000,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
September 1, 1999
First Distribution Date: CUSIP:36157R6B6
October 25, 1999
<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
A9 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage 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
September 1, 1999 (the "Agreement"), between the Company and State Street Bank
and Trust Company, 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 October 1999, 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 above, after due notice by the
Trustee of the pendency of such distribution and only upon presentation and
<PAGE>
PRINCIPAL WILL NOT BE DISTRIBUTABLE IN RESPECT OF THIS CERTIFICATE. INTEREST IS
CALCULATED ON THIS CERTIFICATE BASED ON THE NOTIONAL PRINCIPAL BALANCE HEREOF,
WHICH IS EQUAL TO THE CLASS CERTIFICATE PRINCIPAL BALANCE OF ONE OR MORE CLASSES
OF CERTIFICATES. ACCORDINGLY, 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 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>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A10 Certificate
Notional Balance:
Class A10 $20,000,000
Certificate Interest Initial Certificate Notional
Rate per annum: 0.03%
Balance of this Certificate: $
Cut-off Date:
September 1, 1999
First Distribution Date: CUSIP:36157R6C4
October 25, 1999
<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
A10 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage 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
September 1, 1999 (the "Agreement"), between the Company and State Street Bank
and Trust Company, 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 October 1999, 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 above, after due notice by the
Trustee of the pendency of such distribution and only upon presentation and
<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>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A11 Certificate
Principal Balance:
Class A11 $1,514,286
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing
$
Cut-off Date:
September 1, 1999
First Distribution Date: CUSIP:36157R6D2
October 25, 1999
<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
A11 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage 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
September 1, 1999 (the "Agreement"), between the Company and State Street Bank
and Trust Company, 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 October 1999, 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 above, after due notice by the
Trustee of the pendency of such distribution and only upon presentation and
<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>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A12 Certificate
Principal Balance:
Class A12 $78,950,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
September 1, 1999
First Distribution Date: CUSIP:36157R6E0
October 25, 1999
<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
A12 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage 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
September 1, 1999 (the "Agreement"), between the Company and State Street Bank
and Trust Company, 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 October 1999, 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 above, after due notice by the
Trustee of the pendency of such distribution and only upon presentation and
<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>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A13 Certificate
Principal Balance:
Class A13 $14,500,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
September 1, 1999
First Distribution Date: CUSIP:36157R6L4
October 25, 1999
<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
A13 Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage 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
September 1, 1999 (the "Agreement"), between the Company and State Street Bank
and Trust Company, 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 October 1999, 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 above, after due notice by the
Trustee of the pendency of such distribution and only upon presentation and
<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).
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.
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.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class M Certificate
Principal Balance:
Class M $9,557,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
September 1, 1999
First Distribution Date: CUSIP:36157R6H3
October 25, 1999
<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 conventional,
fixed rate, one- to four-family mortgage 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
September 1, 1999 (the "Agreement"), between the Company and State Street Bank
and Trust Company, 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 October 1999, 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 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 REMIC Mortgage Pass-Through Certificates, Series 1999-18, issued
in twenty-three Classes (Class A1, Class A2, Class A3, Class A4, Class A5, Class
A6, Class A7, Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class R, Class RL, Class PO, Class S, Class M, Class B1, Class B2, Class B3,
Class B4 and Class B5, 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 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 R or Class RL 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 subject to ERISA or a Plan or a Person that is using the assets of a Plan
to acquire any such Class R or Class RL 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 R or Class RL
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 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.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By__________________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
<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).
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.
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.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B1 Certificate
Principal Balance:
Class B1 $3,773,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
September 1, 1999
First Distribution Date: CUSIP:36157R6J9
October 25, 1999
<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 conventional,
fixed rate, one- to four-family mortgage 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
September 1, 1999 (the "Agreement"), between the Company and State Street Bank
and Trust Company, 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 October 1999, 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 above, after due notice by the
Trustee of the pendency of such distribution and only upon presentation and
<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).
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.
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.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B2 Certificate
Principal Balance:
Class B2 $2,012,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
September 1, 1999
First Distribution Date: CUSIP:36157R6K6
October 25, 1999
<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 conventional,
fixed rate, one- to four-family mortgage 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
September 1, 1999 (the "Agreement"), between the Company and State Street Bank
and Trust Company, 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 October 1999, 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 above, after due notice by the
Trustee of the pendency of such distribution and only upon presentation and
<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. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER RESTRICTIONS AS SET
FORTH HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B3 Certificate
Principal Balance:
Class B3 $2,515,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
September 1, 1999
First Distribution Date: CUSIP:36158GHM3
October 25, 1999
<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 conventional,
fixed rate, one- to four-family mortgage 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
September 1, 1999 (the "Agreement"), between the Company and State Street Bank
and Trust Company, 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 October 1999, 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 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 REMIC Mortgage Pass-Through Certificates, Series 1999-18, issued
in twenty-three Classes (Class A1, Class A2, Class A3, Class A4, Class A5, Class
A6, Class A7, Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class R, Class RL, Class PO, Class S, Class M, Class B1, Class B2, Class B3,
Class B4 and Class B5, 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 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 R or Class RL 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 subject to ERISA or a Plan or a Person that is using the assets of a Plan
to acquire any such Class R or Class RL 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 R or Class RL
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 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.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_______________________________
Name:
Title:
Countersigned:
By__________________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
<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 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. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER RESTRICTIONS AS SET
FORTH HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B4 Certificate
Principal Balance:
Class B4 $1,006,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
September 1, 1999
First Distribution Date: CUSIP:36158GHN1
October 25, 1999
<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 conventional,
fixed rate, one- to four-family mortgage 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
September 1, 1999 (the "Agreement"), between the Company and State Street Bank
and Trust Company, 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 October 1999, 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 above, after due notice by the
Trustee of the pendency of such distribution and only upon presentation and
<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. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER RESTRICTIONS AS SET
FORTH HEREIN.
<PAGE>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B5 Certificate
Principal Balance:
Class B5 $1,258,574.40
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
September 1, 1999
First Distribution Date: CUSIP:36158GHP6
October 25, 1999
<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 conventional,
fixed rate, one- to four-family mortgage 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
September 1, 1999 (the "Agreement"), between the Company and State Street Bank
and Trust Company, 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 October 1999, 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 above, after due notice by the
Trustee of the pendency of such distribution and only upon presentation and
<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 THE "RESIDUAL
INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" ("REMIC") 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 R CERTIFICATE, BY ACCEPTANCE HEREOF, IS DEEMED TO HAVE
IRREVOCABLY APPOINTED THE COMPANY (AS DEFINED HEREIN) AS ITS AGENT AND
ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS PERSON" OF THE 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.
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class R Certificate
Principal Balance:
Class R $100
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
September 1, 1999
First Distribution Date: CUSIP:36157R6F7
October 25, 1999
<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
R Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage 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
September 1, 1999 (the "Agreement"), between the Company and State Street Bank
and Trust Company, 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 October 1999, 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 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 REMIC Mortgage Pass-Through Certificates, Series 1999-18, issued
in twenty-three Classes (Class A1, Class A2, Class A3, Class A4, Class A5, Class
A6, Class A7, Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class R, Class RL, Class PO, Class S, Class M, Class B1, Class B2, Class B3,
Class B4 and Class B5, 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 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 R or Class RL 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 subject to ERISA or a Plan or a Person that is using the assets of a Plan
to acquire any such Class R or Class RL 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 R or Class RL
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 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.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_______________________________
Name:
Title:
Countersigned:
By__________________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
<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 THE "RESIDUAL
INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" ("REMIC") 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 RL CERTIFICATE, BY ACCEPTANCE HEREOF, IS DEEMED TO HAVE
IRREVOCABLY APPOINTED THE COMPANY (AS DEFINED HEREIN) AS ITS AGENT AND
ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS PERSON" OF THE 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.
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class RL Certificate
Principal Balance:
Class RL $100
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
September 1, 1999
First Distribution Date: CUSIP: 36157R6G5
October 25, 1999
<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
RL Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage 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
September 1, 1999 (the "Agreement"), between the Company and State Street Bank
and Trust Company, 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 October 1999, 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 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 REMIC Mortgage Pass-Through Certificates, Series 1999-18, issued
in twenty-three Classes (Class A1, Class A2, Class A3, Class A4, Class A5, Class
A6, Class A7, Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class S, Class R, Class RL, Class PO, Class M, Class B1, Class B2, Class B3,
Class B4 and Class B5, 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 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 R or Class RL 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 subject to ERISA or a Plan or a Person that is using the assets of a Plan
to acquire any such Class R or Class RL 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 R or Class RL
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 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.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_______________________________
Name:
Title:
Countersigned:
By__________________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
<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 HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "SECURITIES ACT"). ANY RESALE OR TRANSFER OF THIS CERTIFICATE
WITHOUT REGISTRATION THEREOF UNDER THE SECURITIES ACT MAY ONLY BE MADE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES 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>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class PO Certificate
Principal Balance:
Class PO $6,324,211.02
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing $
Cut-off Date:
September 1, 1999
First Distribution Date:
October 25, 1999
<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
PO Certificates, both as specified above) in certain distributions with respect
to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional,
fixed rate, one- to four-family mortgage 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
September 1, 1999 (the "Agreement"), between the Company and State Street Bank
and Trust Company, 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 October 1999, 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 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 REMIC Mortgage Pass-Through Certificates, Series 1999-18, issued
in twenty-three Classes (Class A1, Class A2, Class A3, Class A4, Class A5, Class
A6, Class A7, Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class R, Class RL, Class PO, Class S, Class M, Class B1, Class B2, Class B3,
Class B4 and Class B5, 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 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 Class 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 R or Class RL 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 subject to ERISA or a Plan or a Person that is using the assets of a Plan
to acquire any such Class R or Class RL 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 R or Class RL
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 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.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_______________________________
Name:
Title:
Countersigned:
By__________________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
<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 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 "SECURITIES ACT"). ANY RESALE OR TRANSFER OF THIS CERTIFICATE
WITHOUT REGISTRATION THEREOF UNDER THE SECURITIES ACT MAY ONLY BE MADE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES 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>
REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1999-18
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class S Notional
Certificate Principal Balance:
Class S $312,651,066.21
Certificate Interest Initial Notional Certificate
Rate per annum: variable Principal Balance of this Certificate:
$
Cut-off Date:
September 1, 1999
First Distribution Date:
October 25, 1999
<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 conventional, fixed rate,
one- to four-family mortgage 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 September 1, 1999 (the
"Agreement"), between the Company and State Street Bank and Trust Company, 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 October 1999, 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 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 REMIC Mortgage Pass-Through Certificates, Series 1999-18, issued
in twenty-three Classes (Class A1, Class A2, Class A3, Class A4, Class A5, Class
A6, Class A7, Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class R, Class RL, Class PO, Class S, Class M, Class B1, Class B2, Class B3,
Class B4 and Class B5, 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 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.
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 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.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_______________________________
Name:
Title:
Countersigned:
By__________________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
<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
PRINCIPAL BALANCE SCHEDULES
None.
<PAGE>
EXHIBIT C
MORTGAGE LOANS
<TABLE>
<CAPTION>
<S> <C>
LN # 0007725336 MORTGAGORS: SKIPPER, ELOIDA
ADDRESS : 9703 INLET POINT COURT
MORTGAGE AMT: 184,000.00 CITY : MONTGOMERY VILLAGE MD 20886
LIFETIME RATE : 7.25000
UNPAID BALANCE: 182,219.210 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,255.2179.86900 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 002 09/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0007750649 MORTGAGORS: DINNING, RONALD
ALVARADO, LAURA
ADDRESS : 312 SHERMAN ROAD
MORTGAGE AMT: 380,250.00 CITY : SANTA BARBARA CA 93103
LIFETIME RATE : 7.37500
UNPAID BALANCE: 376,967.660 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,626.2975.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 250 10/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0007750656 MORTGAGORS: KENNEDY, EDWARD
KENNEDY, LESLIE
ADDRESS : 50 ADAIR LANE
MORTGAGE AMT: 625,000.00 CITY : PORTOLA VALLEY CA 94028
LIFETIME RATE : 7.00000
UNPAID BALANCE: 618,116.650 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,158.1444.64200 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 250 10/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0030995690 MORTGAGORS: LOOMIS, JAMES
LOOMIS, JANICE
ADDRESS : 515 LAUERS LANE
MORTGAGE AMT: 840,000.00 CITY : WYOMISSING PA 19610
LIFETIME RATE : 8.50000
UNPAID BALANCE: 825,528.760 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 6,458.8770.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.50000 MATURITY DATE:
PRODUCT CODE: 015 07/01/27
---------------------------------------------------------------------------------------------------------------------------
LN # 0031374275 MORTGAGORS: JACOBSON, DIANE
JACOBSON, STEVEN
ADDRESS : 36 HEDGES LN
MORTGAGE AMT: 1,000,000.00 CITY : EAST HAMPTON NY 11937
LIFETIME RATE : 7.50000
UNPAID BALANCE: 987,544.830 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 6,992.1554.05400 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 015 05/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0031731979 MORTGAGORS: HORVATH, BRYAN
HORVATH, MICHELLE
ADDRESS : 9401 TRINKLE ROAD
MORTGAGE AMT: 268,000.00 CITY : DEXTER MI 48130
LIFETIME RATE : 7.62500
UNPAID BALANCE: 267,610.820 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,896.8976.57100 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 002 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0031764517 MORTGAGORS: POLLOCK, M.
POLLOCK, JANIS
ADDRESS : 6014 ENGLISH OAK DRIVE
MORTGAGE AMT: 304,900.00 CITY : ARLINGTON TX 76016
LIFETIME RATE : 7.12500
UNPAID BALANCE: 301,876.620 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,054.1777.18987 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 002 09/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0031774078 MORTGAGORS: STEWART, THOMAS
SEGAWA-STEWART, JILL
ADDRESS : 23323 TELFAIR DRIVE
MORTGAGE AMT: 195,200.00 CITY : LAGUNA NIGUEL CA 92677
LIFETIME RATE : 7.25000
UNPAID BALANCE: 193,473.440 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,331.6180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 002 10/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0031806680 MORTGAGORS: BROWNE, WILLIAM
BROWNE, TRACY
ADDRESS : 3074 NESTALL ROAD
MORTGAGE AMT: 400,000.00 CITY : LAGUNA BEACH CA 92651
LIFETIME RATE : 7.50000
UNPAID BALANCE: 396,312.650 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,796.8679.92000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 250 09/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0031807266 MORTGAGORS: FERRIS, JOHN
FERRIS, VIRGINA
FERRIS, VIRGINA
ADDRESS : 5 APPLEGATE WAY
MORTGAGE AMT: 250,000.00 CITY : OSSINING NY 10562
LIFETIME RATE : 6.75000
UNPAID BALANCE: 249,350.610 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,621.5057.76700 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 002 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0031813843 MORTGAGORS: MATTHEWS, CAMERON
MATTHEWS, CAROL
ADDRESS : 1046 VIA VERA CRUZ
MORTGAGE AMT: 214,750.00 CITY : SAN MARCOS CA 92069
LIFETIME RATE : 7.37500
UNPAID BALANCE: 212,646.320 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,483.2379.98435 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 002 09/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0031817950 MORTGAGORS: SHY, MICHELE
ADDRESS : 8605 HOPE MEWS COURT
MORTGAGE AMT: 159,300.00 CITY : ATLANTA GA 30350
LIFETIME RATE : 7.12500
UNPAID BALANCE: 157,745.100 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,073.2480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 002 10/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0031840622 MORTGAGORS: GUTIERREZ, RAFAEL
ADDRESS : 517 NORTH MARIA AVENUE #A
MORTGAGE AMT: 277,000.00 CITY : REDONDO BEACH CA 90277
LIFETIME RATE : 6.50000
UNPAID BALANCE: 274,696.850 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,750.8374.86400 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.50000 MATURITY DATE:
PRODUCT CODE: 002 12/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0031845811 MORTGAGORS: URIARTE, CARLOS
URIARTE, MAGDA
ADDRESS : 3154 LUBBOCK PLACE
MORTGAGE AMT: 252,000.00 CITY : FREMONT CA 94536
LIFETIME RATE : 6.50000
UNPAID BALANCE: 249,904.730 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,592.8180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.50000 MATURITY DATE:
PRODUCT CODE: 002 12/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0031849557 MORTGAGORS: MEISEINBERG, RICHARD
MEISENBERG, JACQUELINE
ADDRESS : 58 PAUTON ROAD
MORTGAGE AMT: 598,000.00 CITY : SCARSDALE NY 10583
LIFETIME RATE : 7.00000
UNPAID BALANCE: 590,378.920 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,978.5164.64800 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 002 01/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0031854987 MORTGAGORS: OXSEN, CHRISTOPHER
OXSEN, CAROLYN
ADDRESS : 1302 SANTA YNEZ WAY
MORTGAGE AMT: 199,600.00 CITY : SACRAMENTO CA 95816
LIFETIME RATE : 7.50000
UNPAID BALANCE: 197,918.570 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,395.6480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 002 10/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0031866379 MORTGAGORS: WOODVILLE, RICHARD
WOODVILLE, FALZE
WOODVILLE, FALZE
ADDRESS : 408 UPPER GULPH ROAD
MORTGAGE AMT: 275,000.00 CITY : STRAFFORD PA 19087
LIFETIME RATE : 6.87500
UNPAID BALANCE: 274,536.620 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,806.5578.57100 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 002 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0031867856 MORTGAGORS: WEAVER, TIMOTHY
ADDRESS : 36405 CRYSTAL SPRINGS CT
MORTGAGE AMT: 342,800.00 CITY : NEWARK CA 94560
LIFETIME RATE : 6.25000
UNPAID BALANCE: 340,822.840 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,110.6874.98500 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.25000 MATURITY DATE:
PRODUCT CODE: 002 04/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0031874480 MORTGAGORS: KAU, KENNETH
KAU, CINDY
KAU, CINDY
ADDRESS : 2414 HALELEA PLACE
MORTGAGE AMT: 622,500.00 CITY : HONOLULU HI 96822
LIFETIME RATE : 7.12500
UNPAID BALANCE: 621,501.430 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,193.9074.68500 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 002 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0031876329 MORTGAGORS: SCHLUSSEL, LON
SCHLUSSEL, KARLY
SCHLUSSEL, KARLY
ADDRESS : 1 HUMMINGBIRD LANE
MORTGAGE AMT: 279,850.00 CITY : NEWARK DE 19711
LIFETIME RATE : 7.50000
UNPAID BALANCE: 279,433.330 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,956.7593.98224 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 002 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0031876949 MORTGAGORS: GREEN, LARRY
GREEN, SUSAN
ADDRESS : 11407 TIMBER POINT DRIVE
MORTGAGE AMT: 338,600.00 CITY : CHESTERFIELD VA 23838
LIFETIME RATE : 7.37500
UNPAID BALANCE: 338,083.120 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,338.6379.67000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 002 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0031881568 MORTGAGORS: CHAPMAN, MARTIN
ADDRESS : 3026 NORTH LAMER STREET
MORTGAGE AMT: 300,000.00 CITY : BURBANK CA 91504
LIFETIME RATE : 6.50000
UNPAID BALANCE: 297,401.200 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,896.2172.28900 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.50000 MATURITY DATE:
PRODUCT CODE: 002 12/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0031882954 MORTGAGORS: OROZCO, PETER
OROZCO, LOUISE
ADDRESS : 5226 ROEDER ROAD
MORTGAGE AMT: 199,000.00 CITY : SAN JOSE CA 95111
LIFETIME RATE : 6.75000
UNPAID BALANCE: 197,242.520 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,290.7279.60000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 002 11/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0031883796 MORTGAGORS: O'CONNELL, S.
O'CONNELL, CARLA
ADDRESS : 102 TUNAPUNA LANE
MORTGAGE AMT: 337,000.00 CITY : CORONADO CA 92118
LIFETIME RATE : 7.50000
UNPAID BALANCE: 334,692.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,356.3589.98600 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 002 12/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0031896061 MORTGAGORS: MERLINO, WALTER
WELLS, ELSPETH
ADDRESS : 16300 MARSH CREEK ROAD
MORTGAGE AMT: 253,000.00 CITY : CLAYTON CA 94517
LIFETIME RATE : 7.75000
UNPAID BALANCE: 250,214.020 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,812.5256.22200 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 002 08/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0031901226 MORTGAGORS: LINNEMAN, MICHELLE
ADDRESS : 10231 WESLEY CIRCLE
MORTGAGE AMT: 278,950.00 CITY : HUNTINGTON BEACH CA 92646
LIFETIME RATE : 6.75000
UNPAID BALANCE: 275,434.740 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,809.2770.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 002 11/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0031901481 MORTGAGORS: HOO, LOUIS
HOO, JANET
ADDRESS : 1715 FUMIA DRIVE
MORTGAGE AMT: 374,750.00 CITY : SAN JOSE CA 95131
LIFETIME RATE : 6.37500
UNPAID BALANCE: 370,775.960 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,337.9679.99800 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.37500 MATURITY DATE:
PRODUCT CODE: 002 11/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0031902281 MORTGAGORS: BORSON, SHELDON
BORSON, KIMRA
ADDRESS : 5455 SARD STREET
MORTGAGE AMT: 130,000.00 CITY : RANCHO CUCAMONGA CA 91701
LIFETIME RATE : 7.50000
UNPAID BALANCE: 129,007.140 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 908.9852.84552 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 002 12/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0031906050 MORTGAGORS: PECK, WALLACE
AIZPURU-PECK, NORMA
ADDRESS : 31 MAHOGANY DRIVE
MORTGAGE AMT: 500,000.00 CITY : IRVINE CA 92620
LIFETIME RATE : 7.25000
UNPAID BALANCE: 461,537.060 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,410.8967.56756 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 002 11/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0031912660 MORTGAGORS: JINES, GREGORY
BRESHEARS, KATHLEEN
ADDRESS : 41936 RIVER FALLS ROAD
MORTGAGE AMT: 109,200.00 CITY : OAKHURST CA 93644
LIFETIME RATE : 7.75000
UNPAID BALANCE: 107,955.610 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 782.3270.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 002 01/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0031916042 MORTGAGORS: FLYNN, SUSAN
ADDRESS : 14185 SONTAG HILL ROAD
MORTGAGE AMT: 336,000.00 CITY : GRASS VALLEY CA 95945
LIFETIME RATE : 8.25000
UNPAID BALANCE: 334,017.770 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,524.2680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 002 12/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0031924780 MORTGAGORS: ETUKUDO, NESBASIE
ETUKUDO, STEPHANIE
ADDRESS : 640 LEMANS DRIVE
MORTGAGE AMT: 260,250.00 CITY : HOLLISTER CA 95023
LIFETIME RATE : 6.87500
UNPAID BALANCE: 258,465.370 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,709.6694.98200 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 002 01/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0031960867 MORTGAGORS: TORRES, TOMAS
ADDRESS : 3107 NW 100 COURT
MORTGAGE AMT: 107,900.00 CITY : MIAMI FL 33178
LIFETIME RATE : 7.00000
UNPAID BALANCE: 107,269.890 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 717.8779.98500 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 002 02/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0031968084 MORTGAGORS: MILICI, JEREMY
MILICI, JOHN
ADDRESS : 940 MILL HILL ROAD
MORTGAGE AMT: 350,000.00 CITY : FAIRFIELD CT 06490
LIFETIME RATE : 6.75000
UNPAID BALANCE: 348,116.950 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,270.0943.75000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 002 03/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0031992167 MORTGAGORS: LIGHT, JOHN
LIGHT, PRISCILLA
ADDRESS : 80 BRONSON WAY
MORTGAGE AMT: 360,000.00 CITY : SKILLMAN NJ 08558
LIFETIME RATE : 7.37500
UNPAID BALANCE: 359,726.070 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,486.4388.88800 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 002 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0032037392 MORTGAGORS: BOXWELL, WILLIAM
BOXWELL, LISA
BOXWELL, LISA
ADDRESS : 10650 MISSISSIPPI BLVD.
MORTGAGE AMT: 291,000.00 CITY : COON RAPIDS MN 55433
LIFETIME RATE : 7.37500
UNPAID BALANCE: 290,331.650 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,009.8672.75000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 002 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0032038978 MORTGAGORS: KIRNER, RANDALL
KIRNER, PEGGY
KIRNER, PEGGY
ADDRESS : 14175 POWDER RIVER DRIVE
MORTGAGE AMT: 374,000.00 CITY : RENO NV 89511
LIFETIME RATE : 7.50000
UNPAID BALANCE: 373,443.150 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,615.0670.56600 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 002 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0032045718 MORTGAGORS: HSI, JEFFREY
WAGENFELD, AMY
ADDRESS : 65-67 PINE STREET, UNIT
MORTGAGE AMT: 271,200.00 CITY : BELMONT MA 02478
LIFETIME RATE : 8.25000
UNPAID BALANCE: 271,027.060 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,037.4494.99100 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 002 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0032045882 MORTGAGORS: BAREN, RICHARD
BAREN, LISA
ADDRESS : 56 BRADLEE AVENUE
MORTGAGE AMT: 350,000.00 CITY : SWAMPSCOTT MA 01907
LIFETIME RATE : 6.87500
UNPAID BALANCE: 349,410.230 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,299.2564.81400 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 002 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0032047938 MORTGAGORS: GARSON, DAVID
GARSON, WENDY
ADDRESS : 6305 CREEKBEND COURT
MORTGAGE AMT: 323,000.00 CITY : CLARENCE NY 14032
LIFETIME RATE : 7.37500
UNPAID BALANCE: 322,754.220 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,230.8885.71700 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 002 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0032049389 MORTGAGORS: EVANS, GERARD
EVANS, KATHLEEN
ADDRESS : 3506 VICTORIA LANE
MORTGAGE AMT: 595,050.00 CITY : DAVIDSONVILLE MD 21035
LIFETIME RATE : 8.12500
UNPAID BALANCE: 594,268.880 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,418.2379.99400 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.12500 MATURITY DATE:
PRODUCT CODE: 002 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0032050775 MORTGAGORS: SORENSEN, CHRIS
SORENSEN, TIFFINI
ADDRESS : 12539 QUEEN CREEK ROAD
MORTGAGE AMT: 277,000.00 CITY : CHANDLER AZ 85249
LIFETIME RATE : 7.25000
UNPAID BALANCE: 275,906.420 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,889.6372.89400 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 002 04/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0032057770 MORTGAGORS: HARDIGG, ARTHUR
HARDIGG-KELLEN, THERESE
ADDRESS : 71 HIGH STREET
MORTGAGE AMT: 300,000.00 CITY : NEWTON MA 02464
LIFETIME RATE : 6.87500
UNPAID BALANCE: 299,494.480 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,970.7958.82300 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 002 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0032058471 MORTGAGORS: TEY, STEVEN
PUDER, PAMELA
ADDRESS : 240 RADNOR CHESTER ROAD
MORTGAGE AMT: 416,000.00 CITY : VILLANOVA PA 19085
LIFETIME RATE : 7.37500
UNPAID BALANCE: 414,545.840 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,873.2180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 002 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0032060725 MORTGAGORS: GOSSELIN, RAYMOND
GOSSELIN, ELIZABETH
ADDRESS : 7 VILLAGE VIEW ROAD
MORTGAGE AMT: 263,900.00 CITY : WESTFORD MA 01886
LIFETIME RATE : 6.50000
UNPAID BALANCE: 263,180.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,668.0379.96900 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.50000 MATURITY DATE:
PRODUCT CODE: 002 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0032065609 MORTGAGORS: GALLAGHER, THOMAS
GALLAGHER, NANCY
ADDRESS : 136 CRABTREE ROAD
MORTGAGE AMT: 345,000.00 CITY : QUINCY MA 02171
LIFETIME RATE : 7.12500
UNPAID BALANCE: 344,167.400 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,324.3334.50000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 002 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0032065898 MORTGAGORS: PEISER, JOSEPHINE
ADDRESS : 121 WINFIELD RD
MORTGAGE AMT: 498,000.00 CITY : PRINCETON NJ 08540
LIFETIME RATE : 8.75000
UNPAID BALANCE: 498,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,917.7752.42100 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.75000 MATURITY DATE:
PRODUCT CODE: 002 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0032070633 MORTGAGORS: ZYNDORF, SOL
ZYNDORF, NAOMI
ADDRESS : 2370 BROOKVIEW DR.
MORTGAGE AMT: 340,000.00 CITY : TOLEDO OH 43615
LIFETIME RATE : 7.62500
UNPAID BALANCE: 339,506.270 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,406.5069.38700 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 250 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0032076671 MORTGAGORS: JAKSIC, TOM
JAKSIC, LORETTA
ADDRESS : 8 HODGES AVENUE
MORTGAGE AMT: 503,200.00 CITY : WELLESLEY MA 02482
LIFETIME RATE : 7.12500
UNPAID BALANCE: 501,985.590 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,390.1680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 002 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0032077802 MORTGAGORS: WICKER, JOE
WICKER, GRETCHEN
ADDRESS : 6029 EAST WESTLAND DRIVE
MORTGAGE AMT: 300,000.00 CITY : CAVE CREEK AZ 85331
LIFETIME RATE : 7.75000
UNPAID BALANCE: 298,708.870 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,149.2494.77600 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 002 03/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0032090367 MORTGAGORS: PHELPS, THANE
PHELPS, MARY
ADDRESS : 25 BUTTONWOOD LANE
MORTGAGE AMT: 304,000.00 CITY : BIRCHRUNVILLE PA 19421
LIFETIME RATE : 7.62500
UNPAID BALANCE: 303,558.540 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,151.7080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 002 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070281126 MORTGAGORS: BELIVEAU, JOHN
BELIVEAU, LORI
ADDRESS : 2706 MACKINNON RANCH ROAD
MORTGAGE AMT: 294,400.00 CITY : ENCINITAS CA 92007
LIFETIME RATE : 7.00000
UNPAID BALANCE: 290,806.510 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,958.6579.78320 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0070296108 MORTGAGORS: MARSEILLES, KAYE
ADDRESS : 2880 ZELL DRIVE
MORTGAGE AMT: 302,000.00 CITY : LAGUNA BEAC CA 92651
LIFETIME RATE : 7.37500
UNPAID BALANCE: 299,880.240 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,085.8466.81416 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 12/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0070322680 MORTGAGORS: HARN, WENDY
HARN, CARRIE
HARN, DONALD HARN, CARRIE
ADDRESS : 3214 3216 3218 E 2ND ST
MORTGAGE AMT: 441,200.00 CITY : LONG BEACH CA 90803
LIFETIME RATE : 7.37500
UNPAID BALANCE: 437,032.380 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,047.2673.53333 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 09/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0070347372 MORTGAGORS: A LEONE, FREDERICK
LEONE, PATRICIA
ADDRESS : 56 THADFORD STREET
MORTGAGE AMT: 228,000.00 CITY : EAST NORTHP NY 11731
LIFETIME RATE : 7.12500
UNPAID BALANCE: 226,319.520 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,536.0880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 12/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0070366489 MORTGAGORS: LOPRESTI, PETER
LOPRESTI, PARVIN
ADDRESS : 1105 WELLESLEY AVENUE
MORTGAGE AMT: 540,750.00 CITY : LOS ANGELES CA 90049
LIFETIME RATE : 7.75000
UNPAID BALANCE: 536,820.580 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,874.0075.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 351 11/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0070385224 MORTGAGORS: WICKENS, JOHN
WICKENS, KRISTINE
ADDRESS : 28942 OLYMPIC TRAIL
MORTGAGE AMT: 103,000.00 CITY : LINDSROM MN 55045
LIFETIME RATE : 7.37500
UNPAID BALANCE: 102,194.180 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 711.4060.94675 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 11/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0070656160 MORTGAGORS: MUSTALISH, RACHEL
MUSTALISH, ANTHONY
ADDRESS : 111 THIRD AVE
MORTGAGE AMT: 100,000.00 CITY : NEW YORK NY 10003
LIFETIME RATE : 7.37500
UNPAID BALANCE: 99,457.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 690.6880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 02/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070770797 MORTGAGORS: DHALL, SHARON
DHALL, JATINDER
ADDRESS : 5 SOUTH BROOK ROAD
MORTGAGE AMT: 476,000.00 CITY : BEDFORD NY 10506
LIFETIME RATE : 7.12500
UNPAID BALANCE: 475,619.350 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,206.9080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070779483 MORTGAGORS: HALEY, STEPHEN
HALEY, JULIE
ADDRESS : 145 CARMODY CIRCLE
MORTGAGE AMT: 284,500.00 CITY : FOLSOM CA 95630
LIFETIME RATE : 7.62500
UNPAID BALANCE: 284,294.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,013.6771.12500 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070829486 MORTGAGORS: NIELSEN, PAUL
RATLIFF, VERONICA
ADDRESS : 3043 RUBINO CIRCLE
MORTGAGE AMT: 312,000.00 CITY : SAN JOSE CA 95120
LIFETIME RATE : 8.37500
UNPAID BALANCE: 312,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,371.4379.91619 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.37500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070838487 MORTGAGORS: KABUSK, CYNTHIA
ADDRESS : 19 ELDERBERRY LANE
MORTGAGE AMT: 262,500.00 CITY : SHELTON CT 06484
LIFETIME RATE : 8.50000
UNPAID BALANCE: 262,500.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,018.4068.18182 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070839055 MORTGAGORS: MATSUMOTO, STANLEY
GONG, SHARI
GONG, SHARI
ADDRESS : 3505 PALM AVENUE
MORTGAGE AMT: 368,500.00 CITY : MANHATTAN B CA 90266
LIFETIME RATE : 7.12500
UNPAID BALANCE: 368,500.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,482.6570.86538 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070841648 MORTGAGORS: LIPFORD, HERMAN
LIPFORD, SUE
LIPFORD, SUE
ADDRESS : 10709 TUCKAHOE WAY
MORTGAGE AMT: 255,300.00 CITY : GAITHERSBUR MD 20878
LIFETIME RATE : 7.00000
UNPAID BALANCE: 255,090.730 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,698.5272.94286 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070841762 MORTGAGORS: RODY, MARC
KASTNER, KAREN
KASTNER, KAREN
ADDRESS : 1093 MCCUE COURT
MORTGAGE AMT: 398,400.00 CITY : GREAT FALLS VA 22066
LIFETIME RATE : 6.87500
UNPAID BALANCE: 398,065.300 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,617.2073.10092 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070842265 MORTGAGORS: HOGLUND, DAVID
HOGLUND, CYNTHIA
ADDRESS : 7257 WELD COUNTY ROAD 3 2
MORTGAGE AMT: 420,000.00 CITY : ERIE CO 80501
LIFETIME RATE : 7.12500
UNPAID BALANCE: 419,664.130 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,829.6280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070844527 MORTGAGORS: SPEIDEL, JOHN
SPEIDEL, EVA
ADDRESS : 2014 RIVERGLEN FOREST
MORTGAGE AMT: 296,100.00 CITY : KINGWOOD TX 77345
LIFETIME RATE : 6.75000
UNPAID BALANCE: 295,484.240 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,920.5090.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070845664 MORTGAGORS: KLESTADT, PETER
KLESTADT, PATRICIA
KLESTADT, PATRICIA
ADDRESS : 12 RUTLAND ROAD
MORTGAGE AMT: 650,000.00 CITY : SCARSDALE NY 10583
LIFETIME RATE : 6.87500
UNPAID BALANCE: 649,453.920 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,270.0457.77778 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070846720 MORTGAGORS: MILLER, IRA
MILLER, KATHLEEN
ADDRESS : 13 AMBER DRIVE
MORTGAGE AMT: 557,200.00 CITY : NEW FAIRFIE CT 06812
LIFETIME RATE : 7.12500
UNPAID BALANCE: 556,306.190 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,753.9680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070846910 MORTGAGORS: NEFF, BRUCE
ADDRESS : 803 GEORGIA STREET
MORTGAGE AMT: 187,000.00 CITY : KEY WEST FL 33040
LIFETIME RATE : 7.12500
UNPAID BALANCE: 186,850.460 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,259.8566.78571 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070850326 MORTGAGORS: KELBAUGH, KATHRYN
KELBAUGH, DAVID
ADDRESS : 4 ANTIETAM ROAD
MORTGAGE AMT: 306,500.00 CITY : VOORHEES NJ 08043
LIFETIME RATE : 6.75000
UNPAID BALANCE: 306,236.110 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,987.9578.08917 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070852298 MORTGAGORS: JUNCO, RICARDO
ADDRESS : 1900 RITTENHOUSE SQUARE
MORTGAGE AMT: 371,500.00 CITY : PHILADELPHI PA 19103
LIFETIME RATE : 7.12500
UNPAID BALANCE: 371,202.920 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,502.8667.54545 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070852793 MORTGAGORS: KHOTYANOV, SEMYON
KHOTYANOV, SVETLANA
ADDRESS : 1861 W 6TH ST
MORTGAGE AMT: 251,700.00 CITY : BROOKLYN NY 11223
LIFETIME RATE : 7.12500
UNPAID BALANCE: 251,296.240 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,695.7578.65625 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070854872 MORTGAGORS: JOHNSON, DAVID
JOHNSON, JOYCE
ADDRESS : 1112 FLAMINGO STREET
MORTGAGE AMT: 388,000.00 CITY : GLENDORA CA 91740
LIFETIME RATE : 7.12500
UNPAID BALANCE: 388,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,773.3278.06841 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 114 09/01/24
---------------------------------------------------------------------------------------------------------------------------
LN # 0070855473 MORTGAGORS: DEBRAUWERE, ERIC
DEBRAUWERE, STACEY
ADDRESS : 5 MANOR ROAD
MORTGAGE AMT: 268,000.00 CITY : LIVINGSTON NJ 07039
LIFETIME RATE : 7.12500
UNPAID BALANCE: 267,570.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,805.5780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070856455 MORTGAGORS: LIDDLE, LINUS
LIDDLE, ANN
ADDRESS : 526 S PITT ST
MORTGAGE AMT: 245,100.00 CITY : ALEXANDRIA VA 22314
LIFETIME RATE : 7.12500
UNPAID BALANCE: 244,706.840 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,651.2839.85366 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070858683 MORTGAGORS: PLASTERS, MARK
PLASTERS, LESLIE
ADDRESS : 20610 MESSINA
MORTGAGE AMT: 297,800.00 CITY : SAN ANTONIO TX 78258
LIFETIME RATE : 7.00000
UNPAID BALANCE: 297,476.400 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,981.2770.56872 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070858816 MORTGAGORS: BOUTON, SUZANNE
BOUTON, DAVID
ADDRESS : 4 CARLTON DRIVE
MORTGAGE AMT: 592,000.00 CITY : MOUNT KISCO NY 10549
LIFETIME RATE : 7.00000
UNPAID BALANCE: 591,514.740 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,938.5980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 351 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070859491 MORTGAGORS: SPITALNY, JONATHAN
SPITALNY, ALLISON
SPITALNY, ALLISON
ADDRESS : 431 STERLING ROAD
MORTGAGE AMT: 1,000,000.00 CITY : HARRISON NY 10528
LIFETIME RATE : 6.87500
UNPAID BALANCE: 999,159.880 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 6,569.2952.63158 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 103 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070859772 MORTGAGORS: FLECK, PETER
FLECK, LISA
ADDRESS : 7406 HONESTY WAY
MORTGAGE AMT: 439,000.00 CITY : BETHESDA MD 20817
LIFETIME RATE : 6.75000
UNPAID BALANCE: 438,622.030 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,847.3540.86001 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070861612 MORTGAGORS: BERNARDO, MARCEVIR
BERNARDO, MILAGROS
ADDRESS : 46 ZAITZ FARM ROAD
MORTGAGE AMT: 300,000.00 CITY : PRINCETON J NJ 08550
LIFETIME RATE : 6.50000
UNPAID BALANCE: 299,728.800 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,896.2073.71188 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070861836 MORTGAGORS: ROOT, LANCE
ROOT, JULIE
ROOT, JULIE
ADDRESS : 14 CUTLER ROAD
MORTGAGE AMT: 618,750.00 CITY : GREENWICH CT 06830
LIFETIME RATE : 7.12500
UNPAID BALANCE: 617,757.460 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,168.6371.12069 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070866181 MORTGAGORS: PERROTTA, THOMAS
GRANFIELD, MARY
GRANFIELD, MARY
ADDRESS : 17 HARDING AVENUE
MORTGAGE AMT: 300,540.00 CITY : BELMONT MA 02178
LIFETIME RATE : 7.50000
UNPAID BALANCE: 300,540.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,101.4275.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070866629 MORTGAGORS: WAIN, REESE
WAIN, ABBE
ADDRESS : 32 FOXHOLLOW LANE
MORTGAGE AMT: 525,000.00 CITY : OLD WESTBUR NY 11568
LIFETIME RATE : 6.75000
UNPAID BALANCE: 524,547.990 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,405.1470.46980 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070870589 MORTGAGORS: MCCLAIN, GARY
MCCLAIN, CHRISTINE
MCCLAIN, CHRISTINE
ADDRESS : 794 HARRISON ROAD
MORTGAGE AMT: 600,000.00 CITY : VILLANOVA PA 19085
LIFETIME RATE : 7.12500
UNPAID BALANCE: 599,520.190 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,042.3175.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070871199 MORTGAGORS: BEZILLA, GARY
BEZILLA, ANITA
ADDRESS : HOLLOW BROOK ROAD
MORTGAGE AMT: 277,500.00 CITY : GLEN GARDNE NJ 08826
LIFETIME RATE : 7.12500
UNPAID BALANCE: 277,054.860 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,869.5779.28571 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070874961 MORTGAGORS: ELLIS, RONALD
ELLIS, MONA
ADDRESS : 3344 CASCA WAY
MORTGAGE AMT: 256,000.00 CITY : CARSLBAD CA 92009
LIFETIME RATE : 7.25000
UNPAID BALANCE: 255,599.390 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,746.3780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070879762 MORTGAGORS: BATES, WILLIAM
BATES, DENISE
ADDRESS : 3616 SHANTARA LANE
MORTGAGE AMT: 449,000.00 CITY : PLANO TX 75093
LIFETIME RATE : 7.37500
UNPAID BALANCE: 448,658.350 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,101.1347.26316 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070884515 MORTGAGORS: DERRICKSON, PAUL
DERRICKSON, SIOBHAN
ADDRESS : 30 RIVERDALE ROAD
MORTGAGE AMT: 300,000.00 CITY : WELLESLEY MA 02494
LIFETIME RATE : 6.75000
UNPAID BALANCE: 299,481.970 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,945.7975.56675 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070889076 MORTGAGORS: BERGER, MICHAEL
BERGER, CAROL
ADDRESS : 1025 CALLE PECOS
MORTGAGE AMT: 369,600.00 CITY : THOUSAND OA CA 91360
LIFETIME RATE : 7.37500
UNPAID BALANCE: 369,600.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,552.7462.64407 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070889621 MORTGAGORS: GOODMAN, W
ADDRESS : 1355 8TH STREET
MORTGAGE AMT: 250,000.00 CITY : WEST LINN OR 97068
LIFETIME RATE : 8.25000
UNPAID BALANCE: 249,840.580 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,878.1767.56757 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 351 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070890520 MORTGAGORS: PETTYJOHN, JAMIE
PETTYJOHN, KAREN
ADDRESS : 18823 SE JUPITER RIVER DR
MORTGAGE AMT: 500,000.00 CITY : JUPITER FL 33458
LIFETIME RATE : 7.37500
UNPAID BALANCE: 498,851.590 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,453.3889.60573 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070894027 MORTGAGORS: TERANAVANICH, PIYAWAN
ADDRESS : 16904 NE 30TH STREET
MORTGAGE AMT: 331,500.00 CITY : BELLEVUE WA 98008
LIFETIME RATE : 7.62500
UNPAID BALANCE: 331,260.070 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,346.3479.87952 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070898366 MORTGAGORS: ELLIOTT, THOMAS
SWAN, KATHLEEN
ADDRESS : 657 WEST HUTCHINSON STREE
MORTGAGE AMT: 520,000.00 CITY : CHICAGO IL 60613
LIFETIME RATE : 7.50000
UNPAID BALANCE: 519,614.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,635.9280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 351 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070901509 MORTGAGORS: MALONEY, KATHRYN
ADDRESS : 7211 BURTONWOOD DRIVE
MORTGAGE AMT: 370,000.00 CITY : ALEXANDRIA VA 22307
LIFETIME RATE : 7.00000
UNPAID BALANCE: 369,696.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,461.6277.08333 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070902564 MORTGAGORS: HALL, RICHARD
ADDRESS : 4552 LAKE CALABAY DRIVE
MORTGAGE AMT: 272,500.00 CITY : ORLANDO FL 32837
LIFETIME RATE : 7.37500
UNPAID BALANCE: 272,183.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,991.6581.34328 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 114 08/01/24
---------------------------------------------------------------------------------------------------------------------------
LN # 0070902812 MORTGAGORS: DALE, JAMES
DALE, MARY
ADDRESS : 18452 SAUGUS AVENUE
MORTGAGE AMT: 299,900.00 CITY : SANTA ANA CA 92705
LIFETIME RATE : 8.00000
UNPAID BALANCE: 299,900.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,200.5677.29381 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070903430 MORTGAGORS: STEINBERG, MARK
FRADIANI, PATRIZIO
ADDRESS : 4251 N PAULINA AVENUE
MORTGAGE AMT: 488,000.00 CITY : CHICAGO IL 60613
LIFETIME RATE : 7.37500
UNPAID BALANCE: 487,255.070 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,370.4980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070904610 MORTGAGORS: WARDELL, PHILLIP
WARDELL, LISA
ADDRESS : 1335 GINGER CIRLE
MORTGAGE AMT: 275,500.00 CITY : FORT LAUDER FL 33326
LIFETIME RATE : 7.37500
UNPAID BALANCE: 275,290.370 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,902.8195.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070904644 MORTGAGORS: KUSCHE, KURT
KUSCHE, CINDY
ADDRESS : 5912 TARLETON DRIVE
MORTGAGE AMT: 313,600.00 CITY : OAK RIDGE NC 27310
LIFETIME RATE : 7.00000
UNPAID BALANCE: 313,342.940 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,086.3980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070904719 MORTGAGORS: KOERNER, LOUIS
ADDRESS : 2908 ST CHARLES AVENUE
MORTGAGE AMT: 405,550.00 CITY : NEW ORLEANS LA 70115
LIFETIME RATE : 7.37500
UNPAID BALANCE: 405,241.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,801.0378.74757 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070907480 MORTGAGORS: LOCASTO, GEORGE
LOCASTO, CHARLENE
ADDRESS : 511 N LINDEN AVENUE
MORTGAGE AMT: 606,000.00 CITY : OAK PARK IL 60302
LIFETIME RATE : 7.50000
UNPAID BALANCE: 606,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,237.2480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070911540 MORTGAGORS: DEWING, BRUCE
DEWING, JERRY
ADDRESS : 1719 SUNRISE PASS ROAD
MORTGAGE AMT: 278,100.00 CITY : MINDEN NV 89423
LIFETIME RATE : 7.50000
UNPAID BALANCE: 277,893.610 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,944.5279.45714 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070914312 MORTGAGORS: RICHARDS, JOHN
ADDRESS : 4093 LAUREL SPRINGS WAY
MORTGAGE AMT: 113,000.00 CITY : SMYRNA GA 30082
LIFETIME RATE : 7.62500
UNPAID BALANCE: 112,918.210 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 799.8194.95798 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070917901 MORTGAGORS: SULLIVAN, DAVID
SULLIVAN, RITA
ADDRESS : 5902 OLD OCEAN BOULEVARD
MORTGAGE AMT: 537,700.00 CITY : OCEAN RIDGE FL 33435
LIFETIME RATE : 7.62500
UNPAID BALANCE: 537,310.830 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,805.8168.93590 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070918032 MORTGAGORS: STILER, IGOR
STILER, JOYCE
ADDRESS : 2240 81ST STREET
MORTGAGE AMT: 366,000.00 CITY : BROOKLYN NY 11214
LIFETIME RATE : 7.62500
UNPAID BALANCE: 364,930.010 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,590.5389.26829 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070918099 MORTGAGORS: DENNY, KEVIN
THOMAS, CHARLES
ADDRESS : 203 SILVER FOX LANE
MORTGAGE AMT: 246,200.00 CITY : DOWNINGTOWN PA 19335
LIFETIME RATE : 7.50000
UNPAID BALANCE: 246,200.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,721.4779.41935 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070919642 MORTGAGORS: LISTER, EVAN
ADDRESS : 43 ALVIN DRIVE
MORTGAGE AMT: 370,000.00 CITY : NORWALK CT 06850
LIFETIME RATE : 7.50000
UNPAID BALANCE: 370,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,587.0971.15385 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070920285 MORTGAGORS: BODNAR, VINCENT
BODNAR, AMY
ADDRESS : 175 CINNABAR LANE
MORTGAGE AMT: 304,900.00 CITY : YARDLEY PA 19067
LIFETIME RATE : 7.87500
UNPAID BALANCE: 304,690.170 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,210.7485.91152 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070920418 MORTGAGORS: JONES, REBECCA
ADDRESS : 84 FLINTLOCK LANE
MORTGAGE AMT: 420,000.00 CITY : BELL CANYON CA 91307
LIFETIME RATE : 7.62500
UNPAID BALANCE: 420,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,972.7375.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070921267 MORTGAGORS: SIMMONS, A
SIMMONS, SHEILA
ADDRESS : 4316 CANYONSIDE TRAIL
MORTGAGE AMT: 263,500.00 CITY : AUSTIN TX 78731
LIFETIME RATE : 7.62500
UNPAID BALANCE: 263,031.400 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,142.9241.49606 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 105 08/01/19
---------------------------------------------------------------------------------------------------------------------------
LN # 0070921556 MORTGAGORS: SCARDINA, PAUL
ADDRESS : 1314 NW IRVING STREET
MORTGAGE AMT: 262,500.00 CITY : PORTLAND OR 97209
LIFETIME RATE : 8.37500
UNPAID BALANCE: 262,336.840 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,995.1970.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.37500 MATURITY DATE:
PRODUCT CODE: 351 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070921770 MORTGAGORS: MC CALLISTER, FORREST
MC CALLISTER, JULIA
ADDRESS : 41604 218TH AVENUE SE
MORTGAGE AMT: 251,100.00 CITY : ENUMCLAW WA 98022
LIFETIME RATE : 7.75000
UNPAID BALANCE: 250,922.780 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,798.9189.67857 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070923297 MORTGAGORS: JENSEN, JEFFREY
BACKUS JENSE, TANIA
ADDRESS : 28917 SE 45TH ST
MORTGAGE AMT: 255,100.00 CITY : FALL CITY WA 98024
LIFETIME RATE : 7.62500
UNPAID BALANCE: 254,915.370 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,805.5865.41026 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070925250 MORTGAGORS: MCCORMICK, RICHARD
MCCORMICK, TINA
ADDRESS : 33440 OVERLAND TRAIL
MORTGAGE AMT: 256,800.00 CITY : AGUA DULCE CA 91350
LIFETIME RATE : 7.50000
UNPAID BALANCE: 256,800.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,795.5885.60000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070925409 MORTGAGORS: KENT, JEFFREY
ADDRESS : 1410 WARDMAN DRIVE
MORTGAGE AMT: 283,200.00 CITY : BREA CA 92821
LIFETIME RATE : 8.62500
UNPAID BALANCE: 282,934.800 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,202.7080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070925664 MORTGAGORS: MORRIS, GWENDOLYN
ADDRESS : 2435 BEDFORD STREET
MORTGAGE AMT: 296,000.00 CITY : STAMFORD CT 06905
LIFETIME RATE : 7.62500
UNPAID BALANCE: 295,430.420 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,095.0792.50000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070925847 MORTGAGORS: DUXBURY, NEIL
DUXBURY, PAMELA
ADDRESS : 3780 FROST LANE
MORTGAGE AMT: 380,000.00 CITY : RENO NV 89511
LIFETIME RATE : 7.50000
UNPAID BALANCE: 379,717.980 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,657.0280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070925854 MORTGAGORS: BELL, MARK
BELL, MOLLIE
ADDRESS : 866 SKYLINE BOULEVARD
MORTGAGE AMT: 373,500.00 CITY : RENO NV 89509
LIFETIME RATE : 7.50000
UNPAID BALANCE: 373,222.810 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,611.5790.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070929070 MORTGAGORS: HATTON, CAMERON
HATTON, BEVERLEY
ADDRESS : 17138 SW SOREN COURT
MORTGAGE AMT: 300,000.00 CITY : BEAVERTON OR 97007
LIFETIME RATE : 6.75000
UNPAID BALANCE: 299,741.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,945.7960.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070929567 MORTGAGORS: WILHELM, GARY
ADDRESS : 313 EAST 56TH STREET
MORTGAGE AMT: 327,000.00 CITY : WESTMONT IL 60559
LIFETIME RATE : 7.75000
UNPAID BALANCE: 326,536.910 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,342.6777.85714 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070929757 MORTGAGORS: FIFIELD, BUD
FIFIELD, ELEANORE
ADDRESS : 546 EAST PORPOISE POINT
MORTGAGE AMT: 267,150.00 CITY : COROLLA NC 27927
LIFETIME RATE : 8.00000
UNPAID BALANCE: 266,970.750 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,960.2579.74627 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070931670 MORTGAGORS: CAPALBO, ROBERT
CAPALBO, KAREN
ADDRESS : 50 LAURA LANE
MORTGAGE AMT: 309,400.00 CITY : PARK RIDGE NJ 07656
LIFETIME RATE : 7.75000
UNPAID BALANCE: 309,400.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,216.5870.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070932868 MORTGAGORS: FULLER, ROBERT
FULLER, VICKI
ADDRESS : 90 CRUSHER ROAD
MORTGAGE AMT: 289,000.00 CITY : HOPEWELL NJ 08525
LIFETIME RATE : 7.87500
UNPAID BALANCE: 289,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,206.6779.17808 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 114 09/01/24
---------------------------------------------------------------------------------------------------------------------------
LN # 0070934146 MORTGAGORS: ROSENKRANZ, SUSANNE
ROSENKRANZ, MARK
ADDRESS : 2502 33RD AVENUE SOUTH
MORTGAGE AMT: 280,000.00 CITY : SEATTLE WA 98144
LIFETIME RATE : 7.62500
UNPAID BALANCE: 279,797.350 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,981.8263.63636 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070935135 MORTGAGORS: HALL, WILLIAM
ADDRESS : 8111 SW 183RD STREET
MORTGAGE AMT: 247,000.00 CITY : MIAMI FL 33157
LIFETIME RATE : 8.00000
UNPAID BALANCE: 246,834.270 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,812.4069.57746 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070935317 MORTGAGORS: NIELD, LORRAINE
MARSHALL, RAYMOND
ADDRESS : 2 LODGE COURT
MORTGAGE AMT: 256,000.00 CITY : OAKLAND CA 94611
LIFETIME RATE : 7.50000
UNPAID BALANCE: 256,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,789.9958.18182 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070935374 MORTGAGORS: KONNER, LAWRENCE
ADDRESS : 3796 AQUETONG ROAD
MORTGAGE AMT: 270,000.00 CITY : CARVERSVILL PA 18913
LIFETIME RATE : 7.50000
UNPAID BALANCE: 269,799.620 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,887.8890.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070935416 MORTGAGORS: DESANTIS, DAVID
DESANTIS, KATINA
ADDRESS : 41 WINESAP ROAD
MORTGAGE AMT: 342,000.00 CITY : STAMFORD CT 06903
LIFETIME RATE : 7.37500
UNPAID BALANCE: 342,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,362.1180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070943832 MORTGAGORS: SOTH, MIKE
DUBNICOFF, ROBIN
ADDRESS : 196 ATHENA ST
MORTGAGE AMT: 282,150.00 CITY : ENCINITAS CA 92024
LIFETIME RATE : 8.37500
UNPAID BALANCE: 281,974.630 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,144.5495.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070943923 MORTGAGORS: LONG, MARK
LONG, SHELLY
ADDRESS : 4655 DORINDA ROAD
MORTGAGE AMT: 375,000.00 CITY : YORBA LINDA CA 92887
LIFETIME RATE : 7.87500
UNPAID BALANCE: 375,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,719.0174.70120 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070944145 MORTGAGORS: NOHR, ALAN
ADDRESS : 16556 NORTHEAST 96TH COUR
MORTGAGE AMT: 264,000.00 CITY : REDMOND WA 98052
LIFETIME RATE : 7.37500
UNPAID BALANCE: 263,744.240 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,823.3880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070947064 MORTGAGORS: BLOYER, PHILLIP
BLOYER, NANCY
ADDRESS : 3073 S QUINTERO WAY
MORTGAGE AMT: 137,600.00 CITY : AURORA CO 80013
LIFETIME RATE : 7.75000
UNPAID BALANCE: 137,502.890 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 985.7880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070950043 MORTGAGORS: BISHOP, STEVEN
BISHOP, KAREN
ADDRESS : 858 VAN NUYS STREET
MORTGAGE AMT: 528,000.00 CITY : SAN DIEGO CA 92109
LIFETIME RATE : 8.50000
UNPAID BALANCE: 527,680.140 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,059.8680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.50000 MATURITY DATE:
PRODUCT CODE: 351 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070951801 MORTGAGORS: LONG, WILLIAM
LONG, MARGARET
ADDRESS : 721 HIGHLAND AVENUE
MORTGAGE AMT: 280,250.00 CITY : FALL RIVER MA 02720
LIFETIME RATE : 7.50000
UNPAID BALANCE: 280,042.010 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,959.5595.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070952635 MORTGAGORS: TURNURE, LISA
TURNURE, STEPHEN
ADDRESS : 2141 BROADMOOR DRIVE EAST
MORTGAGE AMT: 555,000.00 CITY : SEATTLE WA 98112
LIFETIME RATE : 7.62500
UNPAID BALANCE: 555,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,928.2664.91228 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070953195 MORTGAGORS: GREENING, CHARLES
GREENING, JANE
ADDRESS : 647 WIMBLETON DRIVE
MORTGAGE AMT: 540,000.00 CITY : BIRMINGHAM MI 48009
LIFETIME RATE : 7.87500
UNPAID BALANCE: 539,628.380 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,915.3780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070956339 MORTGAGORS: BURGE, FRANK
BURGE, SHERYL
ADDRESS : 4021 BELLEFONTAINE STREET
MORTGAGE AMT: 254,250.00 CITY : HOUSTON TX 77025
LIFETIME RATE : 8.12500
UNPAID BALANCE: 254,250.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,887.8089.98312 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.12500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070956552 MORTGAGORS: JAMES, CHARLES
JAMES, MARCIA
ADDRESS : 360 DIAMOND STREET
MORTGAGE AMT: 600,000.00 CITY : LAGUNA BEAC CA 92651
LIFETIME RATE : 7.37500
UNPAID BALANCE: 600,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,144.0561.53846 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070956602 MORTGAGORS: KUSS, LAWRENCE
SISK, CHRISTINA
ADDRESS : 9215 PRESIDENTIAL DRIVE
MORTGAGE AMT: 253,600.00 CITY : ALEXANDRIA VA 22309
LIFETIME RATE : 8.00000
UNPAID BALANCE: 252,087.950 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,860.8380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070957303 MORTGAGORS: FERRARO, VINCE
FERRARO, SHERRI
ADDRESS : 16294 VERMEER DRIVE
MORTGAGE AMT: 284,000.00 CITY : CHINO HILLS CA 91709
LIFETIME RATE : 7.75000
UNPAID BALANCE: 284,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,034.6180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070959655 MORTGAGORS: ZEPEDA, TERESA
ADDRESS : 27 29 WARREN STREET
MORTGAGE AMT: 260,000.00 CITY : STAMFORD CT 06902
LIFETIME RATE : 8.50000
UNPAID BALANCE: 260,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,999.1880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.50000 MATURITY DATE:
PRODUCT CODE: 351 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070963483 MORTGAGORS: TYE, ERIC
TYE, CATHERINE
ADDRESS : 11 JANAI CT
MORTGAGE AMT: 356,000.00 CITY : NAPA CA 94558
LIFETIME RATE : 8.00000
UNPAID BALANCE: 356,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,612.2080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070963814 MORTGAGORS: IGNACIO, ERNESTO
IGNACIO, MADELYN
ADDRESS : 6465 PINGREE WAY
MORTGAGE AMT: 289,100.00 CITY : YORBA LINDA CA 92887
LIFETIME RATE : 7.87500
UNPAID BALANCE: 289,100.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,096.1879.98783 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070964267 MORTGAGORS: HUTSON, H
HUTSON, LINDA
ADDRESS : 94 DUDLEY STREET
MORTGAGE AMT: 268,000.00 CITY : BROOKLINE MA 02445
LIFETIME RATE : 8.25000
UNPAID BALANCE: 267,829.110 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,013.3980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070967328 MORTGAGORS: MARINELLI, LEAH
ADDRESS : 444 SOUTH CALIFORNIA STRE
MORTGAGE AMT: 335,000.00 CITY : BURBANK CA 91505
LIFETIME RATE : 8.12500
UNPAID BALANCE: 335,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,487.3754.03226 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.12500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070969555 MORTGAGORS: PANASIUK, ROBERT
PANASIUK, NANCY
ADDRESS : 14 CASTLE HILL ROAD
MORTGAGE AMT: 250,000.00 CITY : NEWTOWN CT 06470
LIFETIME RATE : 8.00000
UNPAID BALANCE: 250,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,834.4171.42857 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070974274 MORTGAGORS: BLAHA, RANDALL
BLAHA, ANNE
ADDRESS : 28591 BIG SPRINGS ROAD
MORTGAGE AMT: 303,900.00 CITY : TRABUCO CAN CA 92614
LIFETIME RATE : 8.12500
UNPAID BALANCE: 303,900.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,256.4579.97368 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.12500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070975446 MORTGAGORS: TRUONG, SONNY
TRUONG, THU
ADDRESS : 2128 SALIENTE WAY
MORTGAGE AMT: 318,700.00 CITY : CARLSBAD CA 92009
LIFETIME RATE : 8.00000
UNPAID BALANCE: 318,486.160 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,338.5174.98824 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070977145 MORTGAGORS: KHERADMANDAN, JAVAD
ADDRESS : 911 14TH STREET
MORTGAGE AMT: 563,800.00 CITY : SANTA MONIC CA 90403
LIFETIME RATE : 8.75000
UNPAID BALANCE: 563,475.620 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,435.4274.99834 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.75000 MATURITY DATE:
PRODUCT CODE: 351 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070977236 MORTGAGORS: KOTARSKI MICHAELS, JOHN
POKARNEY MICHAELS, CHRISTY
ADDRESS : 19807 MARIPOSA PINES WAY
MORTGAGE AMT: 438,000.00 CITY : LOS ANGELES CA 91326
LIFETIME RATE : 7.50000
UNPAID BALANCE: 438,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,062.5670.64516 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070978010 MORTGAGORS: FRESHMAN, NEIL
FRESHMAN, MAUREEN
ADDRESS : 13 EVERGREEN
MORTGAGE AMT: 147,000.00 CITY : HAMPTON NH 03842
LIFETIME RATE : 7.50000
UNPAID BALANCE: 147,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,027.8570.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070981428 MORTGAGORS: RENNER, PAUL
ROMANIUK, DAWN
ADDRESS : 1561 BALLANTREE WAY
MORTGAGE AMT: 322,000.00 CITY : SAN JOSE CA 95118
LIFETIME RATE : 8.75000
UNPAID BALANCE: 322,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,533.1878.53659 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070981865 MORTGAGORS: HERRMANN, KIMBERLY
ADDRESS : 5629 BELSTEAD LANE
MORTGAGE AMT: 292,000.00 CITY : GLEN ALLEN VA 23060
LIFETIME RATE : 8.25000
UNPAID BALANCE: 291,813.800 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,193.7080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070982442 MORTGAGORS: PATCHETT, JEFFREY
PATCHETT, CAROLYN
ADDRESS : 24942 EL CORTIJO LANE
MORTGAGE AMT: 283,400.00 CITY : MISSION VIE CA 92691
LIFETIME RATE : 7.62500
UNPAID BALANCE: 283,400.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,005.8989.96825 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070984026 MORTGAGORS: BARTZ, DAVID
BARTZ, SUSAN
ADDRESS : 3242 S GLENMORRIE DRIVE
MORTGAGE AMT: 300,000.00 CITY : LAKE OSWEGO OR 97034
LIFETIME RATE : 7.50000
UNPAID BALANCE: 299,777.360 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,097.6466.66667 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070984133 MORTGAGORS: DE LA CRUZ, ROLANDO
DE LA CRUZ, JOSEFINA
ADDRESS : 2122 PHILLIPS DRIVE
MORTGAGE AMT: 488,000.00 CITY : GLENVIEW IL 60025
LIFETIME RATE : 7.50000
UNPAID BALANCE: 488,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,412.1780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070984497 MORTGAGORS: AMARILLAS, CHRIS
AMARILLAS, KERRI
ADDRESS : 1336 LIMERICK DRIVE
MORTGAGE AMT: 228,000.00 CITY : PLACENTIA CA 92870
LIFETIME RATE : 8.37500
UNPAID BALANCE: 228,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,732.9680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.37500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070986674 MORTGAGORS: CARSON, THOMAS
CARSON, JOAN
ADDRESS : 3 BROOKLET DRIVE
MORTGAGE AMT: 260,000.00 CITY : WILMINGTON DE 19810
LIFETIME RATE : 8.75000
UNPAID BALANCE: 260,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,045.4293.86282 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070986690 MORTGAGORS: KLIPPENSTEIN, STEPHEN
ADDRESS : 640 SWEETZER AVENUE
MORTGAGE AMT: 277,500.00 CITY : LOS ANGELES CA 90048
LIFETIME RATE : 7.87500
UNPAID BALANCE: 277,309.020 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,012.0775.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070988696 MORTGAGORS: SCHWARZ, ERWIN
SCHWARZ, TONI
ADDRESS : 2214 CANALDA DRIVE
MORTGAGE AMT: 296,000.00 CITY : LA CANADA CA 91011
LIFETIME RATE : 8.50000
UNPAID BALANCE: 296,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,275.9850.34000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070990312 MORTGAGORS: GALBREATH, JOHN
GALBREATH, DONNA
ADDRESS : 4775 VIA CORONA
MORTGAGE AMT: 267,900.00 CITY : YORBA LINDA CA 92887
LIFETIME RATE : 7.50000
UNPAID BALANCE: 267,900.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,873.2079.99403 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070991799 MORTGAGORS: HORTON, WILLIAM
HORTON, DIANE
ADDRESS : 8537 GUNNER WAY
MORTGAGE AMT: 279,000.00 CITY : FAIR OAKS CA 95628
LIFETIME RATE : 8.00000
UNPAID BALANCE: 279,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,047.2090.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070993357 MORTGAGORS: HORNER, LAWRENCE
HORNER, BETTY
ADDRESS : 1660 APPLEFIELD ST
MORTGAGE AMT: 406,800.00 CITY : THOUSAND OA CA 91320
LIFETIME RATE : 7.87500
UNPAID BALANCE: 406,800.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,949.5880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070993647 MORTGAGORS: WASSON, HAROLD
ADDRESS : 38543 HILLSIDE TRAIL DRIV
MORTGAGE AMT: 500,000.00 CITY : MURRIETA CA 92562
LIFETIME RATE : 7.75000
UNPAID BALANCE: 500,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,582.0680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070995659 MORTGAGORS: VAN LOON, JACK
ADDRESS : 8230 AVENIDA NAVIDAD
MORTGAGE AMT: 260,000.00 CITY : SAN DIEGO CA 92122
LIFETIME RATE : 8.12500
UNPAID BALANCE: 260,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,930.4980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.12500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0070995741 MORTGAGORS: SPARKS, STEVE
SPARKS, SUZANNE
ADDRESS : 11002 VIA TEMPRANO
MORTGAGE AMT: 356,000.00 CITY : SAN DIEGO CA 92124
LIFETIME RATE : 7.87500
UNPAID BALANCE: 356,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,581.2580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0071000061 MORTGAGORS: BOTCHWAY, WINFRED
BOTCHWAY, TIRZAH
ADDRESS : 2 DUNN DRIVE
MORTGAGE AMT: 287,850.00 CITY : MARLBORO NJ 07746
LIFETIME RATE : 8.62500
UNPAID BALANCE: 287,850.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,238.8795.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.62500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0071006670 MORTGAGORS: GIVENS, KEVIN
GIVENS, CONSUELLA
ADDRESS : 3814 SANDY CREEK COURT
MORTGAGE AMT: 278,600.00 CITY : ELLICOTT CI MD 21042
LIFETIME RATE : 8.50000
UNPAID BALANCE: 278,600.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,142.1978.47887 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080005986 MORTGAGORS: PONTE, ANTHONY
PONTE, ELYCE
ADDRESS : 5828 SNOWY ORCHID LANE
MORTGAGE AMT: 183,900.00 CITY : ALLENTOWN PA 18104
LIFETIME RATE : 7.12500
UNPAID BALANCE: 183,605.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,238.9779.99130 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080006570 MORTGAGORS: MCBRADY, CHARLES
MCBRADY, JENNIFER
ADDRESS : 328 FORSIDE RD
MORTGAGE AMT: 262,400.00 CITY : FALMOUTH ME 04105
LIFETIME RATE : 7.00000
UNPAID BALANCE: 261,311.910 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,745.7680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 04/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080006828 MORTGAGORS: FREEMANN, SCOTT
WEISS, HEATHER
ADDRESS : 714 HARVARD RD
MORTGAGE AMT: 188,800.00 CITY : BALA CYNWYD PA 19004
LIFETIME RATE : 7.62500
UNPAID BALANCE: 188,387.460 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,336.3180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080008790 MORTGAGORS: CROWLEY, ROBERT
CROWLEY, ELIZABETH
ADDRESS : 16834 BUCK LANTZ ROAD
MORTGAGE AMT: 240,000.00 CITY : CASCADE MD 21719
LIFETIME RATE : 7.12500
UNPAID BALANCE: 238,831.220 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,616.9370.58824 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 03/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080011554 MORTGAGORS: COHEN, SUSAN
ADDRESS : 159 MADISON AVE
MORTGAGE AMT: 115,000.00 CITY : NEW YORK NY 10016
LIFETIME RATE : 7.37500
UNPAID BALANCE: 114,824.440 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 794.2846.93878 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080015290 MORTGAGORS: WILMOTH, SUZANNE
STEELE, MARK
ADDRESS : 6831 CORDER LANE
MORTGAGE AMT: 304,850.00 CITY : LORTON VA 22079
LIFETIME RATE : 6.50000
UNPAID BALANCE: 304,297.330 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,926.8679.99150 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080015928 MORTGAGORS: HARDIN, JAMES
HARDIN, ANNE
ADDRESS : 8 BIRD PATCH TRAIL
MORTGAGE AMT: 520,000.00 CITY : OKATIE SC 29910
LIFETIME RATE : 7.37500
UNPAID BALANCE: 518,805.610 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,591.5254.73684 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080017031 MORTGAGORS: GOLDENBERG, STEVEN
ADDRESS : 223 DELANCEY STREET
MORTGAGE AMT: 289,600.00 CITY : PHILADELPHI PA 19106
LIFETIME RATE : 7.37500
UNPAID BALANCE: 289,157.910 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,000.2080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080017841 MORTGAGORS: MC KEON, PAUL
MC KEON, NANETTE
ADDRESS : 6 HUNT ROAD
MORTGAGE AMT: 425,000.00 CITY : DARIEN CT 06820
LIFETIME RATE : 7.75000
UNPAID BALANCE: 424,700.040 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,044.7543.14721 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080022734 MORTGAGORS: FISHLER, JAMES
FISHLER, CLAUDIA
ADDRESS : 15309 EARLHAM STREET
MORTGAGE AMT: 577,756.00 CITY : PACIFIC PAL CA 90272
LIFETIME RATE : 6.75000
UNPAID BALANCE: 575,749.400 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,747.3148.14633 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080025687 MORTGAGORS: CONWAY, MICHAEL
CONWAY, GWEN
ADDRESS : 4592 WINDING WOODS LANE
MORTGAGE AMT: 267,600.00 CITY : HAMBURG NY 14075
LIFETIME RATE : 7.37500
UNPAID BALANCE: 267,396.380 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,848.2580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080026180 MORTGAGORS: ROLSTON, DAVID
ROLSTON, REBECCA
ADDRESS : 842 SEDGWICK DRIVE
MORTGAGE AMT: 275,000.00 CITY : LIBERTYVILL IL 60048
LIFETIME RATE : 7.62500
UNPAID BALANCE: 274,800.970 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,946.4388.42444 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080027790 MORTGAGORS: GUERIN, KENNETH
GUERIN, CHERYL
ADDRESS : 24 SANDALWOOD CIRCLE
MORTGAGE AMT: 264,000.00 CITY : TEWKSBURY MA 01876
LIFETIME RATE : 6.75000
UNPAID BALANCE: 263,314.260 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,712.3080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080028285 MORTGAGORS: CAREY, ANTHONY
CAREY, LINDA
ADDRESS : 6727 37TH AVENUE NORTHWES
MORTGAGE AMT: 504,000.00 CITY : SEATTLE WA 98117
LIFETIME RATE : 7.50000
UNPAID BALANCE: 502,870.820 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,524.0580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 351 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080029218 MORTGAGORS: RICHTER, WALTER
RICHTER, SUSAN
ADDRESS : 16 HARRISON CT
MORTGAGE AMT: 600,000.00 CITY : RIDGEFIELD CT 06877
LIFETIME RATE : 7.12500
UNPAID BALANCE: 598,551.980 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,042.3271.00592 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080030141 MORTGAGORS: RUSSO, GREGG
RUSSO, DENISE
ADDRESS : 15 ROGER AVENUE
MORTGAGE AMT: 281,200.00 CITY : LINCROFT NJ 07738
LIFETIME RATE : 8.00000
UNPAID BALANCE: 281,011.320 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,063.3595.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080030679 MORTGAGORS: KENNY, DONALD
KENNY, RITA
ADDRESS : 3 JOHNSON STREET
MORTGAGE AMT: 265,000.00 CITY : MONMOUTH BE NJ 07750
LIFETIME RATE : 7.12500
UNPAID BALANCE: 264,394.010 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,785.3662.35294 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080030752 MORTGAGORS: SLODOWITZ, DIANNA
ADDRESS : 150 LOOKING GLASS HILL RO
MORTGAGE AMT: 280,000.00 CITY : LITCHFIELD CT 06750
LIFETIME RATE : 6.62500
UNPAID BALANCE: 279,003.640 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,792.8780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080031016 MORTGAGORS: PERKINS, BRIAN
PERKINS, LOIS
ADDRESS : 68 FARRAND RD
MORTGAGE AMT: 854,000.00 CITY : PRINCETON NJ 08540
LIFETIME RATE : 7.00000
UNPAID BALANCE: 852,595.890 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 5,681.6870.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 103 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080031131 MORTGAGORS: POWER, JOHN
POWER, KAREN
ADDRESS : 11110 TATTERSALL TRAIL
MORTGAGE AMT: 350,000.00 CITY : OAKTON VA 22124
LIFETIME RATE : 7.00000
UNPAID BALANCE: 349,424.540 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,328.5679.54545 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080031826 MORTGAGORS: SHUKLA, ABHINAV
SHUKLA, SONAL
ADDRESS : 300 WEDGEWOOD
MORTGAGE AMT: 300,000.00 CITY : MORGANVILLE NJ 07751
LIFETIME RATE : 7.00000
UNPAID BALANCE: 299,257.930 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,995.9294.33962 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080032345 MORTGAGORS: THOMPSON, PATRICK
ADDRESS : 709 BLACKHORSE PARKWAY
MORTGAGE AMT: 322,400.00 CITY : FRANKLIN TN 37069
LIFETIME RATE : 6.75000
UNPAID BALANCE: 321,843.280 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,091.0879.97400 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080032394 MORTGAGORS: NORRIS, RICHARD
NORRIS, KAREN
ADDRESS : 2941 TWIN OAKS WAY
MORTGAGE AMT: 292,900.00 CITY : WELLINGTON FL 33414
LIFETIME RATE : 7.12500
UNPAID BALANCE: 291,954.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,973.3289.99597 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080032592 MORTGAGORS: SHERIDAN, EDWARD
SHERIDAN, HELEN
ADDRESS : 110 NORTH WEST AVENUE
MORTGAGE AMT: 260,000.00 CITY : WENONAH NJ 08090
LIFETIME RATE : 7.37500
UNPAID BALANCE: 259,342.180 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,795.7674.28571 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080033608 MORTGAGORS: D LIMA, DANIEL
D LIMA, PREMILA
ADDRESS : 772 WOOLLEY AVENUE
MORTGAGE AMT: 121,100.00 CITY : STATEN ISLA NY 10314
LIFETIME RATE : 7.50000
UNPAID BALANCE: 120,919.690 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 846.7570.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080033798 MORTGAGORS: PEEL, JOHN
PEEL, AUDREY
ADDRESS : 43 WOODVIEW DRIVE
MORTGAGE AMT: 286,000.00 CITY : MOUNT LAURE NJ 08054
LIFETIME RATE : 6.62500
UNPAID BALANCE: 285,493.950 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,831.2979.86975 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080034705 MORTGAGORS: AN, DUNG
AN, LISA
ADDRESS : 3201 PARK PLACE
MORTGAGE AMT: 363,600.00 CITY : EVANSTON IL 60201
LIFETIME RATE : 7.37500
UNPAID BALANCE: 363,305.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,511.2990.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080035181 MORTGAGORS: MARSILLO, JOHN
MARSILLO, NANCY
MARSILLO, NANCY
ADDRESS : 6 LARSON LANE
MORTGAGE AMT: 316,000.00 CITY : WARREN NJ 07059
LIFETIME RATE : 7.00000
UNPAID BALANCE: 315,740.970 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,102.3661.24031 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080035561 MORTGAGORS: BORAKS, JEREMY
BORAKS, MARGARET
ADDRESS : 47 HARVARD STREET
MORTGAGE AMT: 265,000.00 CITY : CHARLESTOWN MA 02129
LIFETIME RATE : 7.12500
UNPAID BALANCE: 264,788.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,785.3588.33333 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080036015 MORTGAGORS: MEADOWS, GARY
MEADOWS, NAVARRE
ADDRESS : 1961 DIAMOND COURT
MORTGAGE AMT: 253,695.00 CITY : OLDSMAR FL 34677
LIFETIME RATE : 7.12500
UNPAID BALANCE: 253,082.750 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,709.1979.27969 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080036221 MORTGAGORS: PACETTI, DONALD
PACETTI, LORI
ADDRESS : 75 SORRENTO BOULEVARD
MORTGAGE AMT: 382,500.00 CITY : HANAHAN SC 29406
LIFETIME RATE : 7.00000
UNPAID BALANCE: 381,871.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,544.7990.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080036601 MORTGAGORS: DE LONG, ROBERT
ADDRESS : 1606 WINNERS CUP CIRCLE
MORTGAGE AMT: 320,000.00 CITY : SAINT CHALR IL 60174
LIFETIME RATE : 6.75000
UNPAID BALANCE: 319,447.430 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,075.5168.74329 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080038201 MORTGAGORS: WAHLERS, DONALD
RANKIN, LAINE
ADDRESS : 3937 LIZ CIRCLE
MORTGAGE AMT: 208,450.00 CITY : DOYLESTOWN PA 18901
LIFETIME RATE : 7.50000
UNPAID BALANCE: 208,139.620 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,457.5279.74826 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080038714 MORTGAGORS: RADHAKRISHNA, GODANDARAM
RADHAKRISHNA, RAMANI
ADDRESS : 3705 VALLEY OAKS DRIVE
MORTGAGE AMT: 322,700.00 CITY : FAIRFAX VA 22033
LIFETIME RATE : 7.50000
UNPAID BALANCE: 322,219.520 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,256.3780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080039209 MORTGAGORS: LOHIN, MICHAEL
ADDRESS : 11 HAMPSHIRE DRIVE
MORTGAGE AMT: 275,000.00 CITY : IVYLAND PA 18974
LIFETIME RATE : 7.75000
UNPAID BALANCE: 274,610.570 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,970.1358.10809 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080039951 MORTGAGORS: PIERCE, BRADLEY
PIERCE, SUZANNE
ADDRESS : 24850 247TH PLACE S E
MORTGAGE AMT: 343,800.00 CITY : MAPLE VALLE WA 98038
LIFETIME RATE : 7.00000
UNPAID BALANCE: 343,119.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,287.3179.98898 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080039977 MORTGAGORS: SANO, TAKESHI
SANO, KAYOKO
ADDRESS : 9 BIRDS HILL AVENUE
MORTGAGE AMT: 260,000.00 CITY : NEEDHAM MA 02492
LIFETIME RATE : 6.62500
UNPAID BALANCE: 259,308.020 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,664.8166.32653 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080041510 MORTGAGORS: GANSCHOW, MICHAEL
NEWSON, AMY
ADDRESS : 48816 DEER VIEW TERRACE
MORTGAGE AMT: 650,000.00 CITY : FREMONT CA 94539
LIFETIME RATE : 7.25000
UNPAID BALANCE: 648,982.800 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,434.1574.97116 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080041577 MORTGAGORS: KURLANDER, NEIL
KURLANDER, MARA
ADDRESS : 117 FLINT ROCK RD
MORTGAGE AMT: 488,700.00 CITY : STAMFORD CT 06903
LIFETIME RATE : 7.12500
UNPAID BALANCE: 487,916.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,292.4680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080041734 MORTGAGORS: Petersen, Mary Lou
PETERSEN, CHRISTIAN
ADDRESS : 1283 Buttermilk Road
MORTGAGE AMT: 288,600.00 CITY : Larkspur CO 80118
LIFETIME RATE : 7.75000
UNPAID BALANCE: 288,191.300 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,067.5776.96000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080041841 MORTGAGORS: MINIUTTI, PAUL
WHITE, AMY
ADDRESS : 2 WACHUSETTE CIRCLE
MORTGAGE AMT: 285,000.00 CITY : LEXINGTON MA 02421
LIFETIME RATE : 8.62500
UNPAID BALANCE: 284,831.740 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,216.7064.04494 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080042666 MORTGAGORS: TROUGHTON, GILES
RAMSEY, KAREN
ADDRESS : 27 SHADOW OAK DRIVE
MORTGAGE AMT: 429,200.00 CITY : SUDBURY MA 01776
LIFETIME RATE : 6.87500
UNPAID BALANCE: 428,839.420 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,819.5480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080042807 MORTGAGORS: LEWIS, M
ADDRESS : 1 WEED CIRCLE
MORTGAGE AMT: 396,000.00 CITY : STAMFORD CT 06902
LIFETIME RATE : 7.12500
UNPAID BALANCE: 395,364.760 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,667.9380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080043110 MORTGAGORS: MILLS, GENE
MILLS, JEAN
ADDRESS : 12 CLIPPER WAY
MORTGAGE AMT: 274,000.00 CITY : BREWSTER MA 02631
LIFETIME RATE : 8.12500
UNPAID BALANCE: 273,640.320 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,034.4479.72997 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080044324 MORTGAGORS: MARTIN, ANDREW
MARTIN, PAULA
ADDRESS : 20 HORSESHOE LANE
MORTGAGE AMT: 330,000.00 CITY : HARRISON TW NJ 08062
LIFETIME RATE : 6.62500
UNPAID BALANCE: 329,416.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,113.0373.33333 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080044407 MORTGAGORS: BOZEWICZ, JANE
ADDRESS : 11 OAKENCROFT ROAD
MORTGAGE AMT: 300,000.00 CITY : WELLESLEY MA 02481
LIFETIME RATE : 6.62500
UNPAID BALANCE: 299,161.570 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,920.9379.15567 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080044662 MORTGAGORS: GOODWIN, ROBERT
GOODWIN, KAREN
ADDRESS : 22155 BROAD STREET
MORTGAGE AMT: 320,000.00 CITY : SILVERHILL AL 36576
LIFETIME RATE : 7.00000
UNPAID BALANCE: 319,208.510 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,128.9772.07207 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080045800 MORTGAGORS: DAWSON, CHRISTOPHE
DAWSON, SONIA
ADDRESS : 233 BROOKVILLE ROAD
MORTGAGE AMT: 1,000,000.00 CITY : BROOKVILLE NY 11545
LIFETIME RATE : 7.12500
UNPAID BALANCE: 998,395.870 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 6,737.1966.66667 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 103 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080046758 MORTGAGORS: GIAMALIS, JOHN
GIAMALIS, KELLY
ADDRESS : 5 JORDAN LANE
MORTGAGE AMT: 496,900.00 CITY : FARMINGTON CT 06032
LIFETIME RATE : 6.75000
UNPAID BALANCE: 495,567.680 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,222.8986.11785 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080047152 MORTGAGORS: Mascia, Michael
Stark, Stephanie
ADDRESS : 9 Old Orchard Lane
MORTGAGE AMT: 212,500.00 CITY : Greensboro NC 27455
LIFETIME RATE : 7.50000
UNPAID BALANCE: 211,863.250 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,485.83100.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080048317 MORTGAGORS: GRAZIANO, DAVID
GRAZIANO, CORRINE
ADDRESS : 5254 DANBURY COURT
MORTGAGE AMT: 458,000.00 CITY : LONG GROVE IL 60047
LIFETIME RATE : 6.87500
UNPAID BALANCE: 457,044.150 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,008.7480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080052897 MORTGAGORS: LANE, JOE
WANEK, VICKI
ADDRESS : 17540 SUNBURST ST
MORTGAGE AMT: 420,000.00 CITY : NORTHRIDGE CA 91325
LIFETIME RATE : 7.75000
UNPAID BALANCE: 419,703.570 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,008.9380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080052962 MORTGAGORS: GEIS, GARY
GEIS, SONIA
ADDRESS : 723 GAPTER ROAD
MORTGAGE AMT: 250,000.00 CITY : BOULDER CO 80303
LIFETIME RATE : 7.50000
UNPAID BALANCE: 249,627.760 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,748.0451.54639 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080053481 MORTGAGORS: POHLE, MARCEL
POHLE, NANCY
ADDRESS : 95 TREADWELL LANE
MORTGAGE AMT: 400,000.00 CITY : WESTON CT 06883
LIFETIME RATE : 6.87500
UNPAID BALANCE: 399,325.970 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,627.7270.17544 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080053994 MORTGAGORS: NEVIN, GERALD
NEVIN, JANNECHE
ADDRESS : 4406 51ST AVENUE NE
MORTGAGE AMT: 453,850.00 CITY : SEATTLE WA 98105
LIFETIME RATE : 7.00000
UNPAID BALANCE: 452,727.420 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,019.4879.99429 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080054109 MORTGAGORS: WILSON, NEIL
WILSON, CHERYL
ADDRESS : 193R KING STREET
MORTGAGE AMT: 304,215.00 CITY : GROVELAND MA 01834
LIFETIME RATE : 7.37500
UNPAID BALANCE: 303,750.600 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,101.1486.91857 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080054661 MORTGAGORS: ROSENTHAL, DAVID
DANAHER, DARYL
ADDRESS : 8300 8302 BARNSLEY AVENUE
MORTGAGE AMT: 248,900.00 CITY : LOS ANGELES CA 90045
LIFETIME RATE : 8.37500
UNPAID BALANCE: 248,589.500 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,891.8295.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080054877 MORTGAGORS: SIDEBOTTOM, PETER
SIDEBOTTOM, SUSAN
ADDRESS : 1218 S DILWORTH ROAD
MORTGAGE AMT: 913,500.00 CITY : CHARLOTTE NC 28203
LIFETIME RATE : 7.00000
UNPAID BALANCE: 912,751.210 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 6,077.5470.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 103 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080055221 MORTGAGORS: CHRISTOPHERS, DEAN
ADDRESS : 4106 CREMSON DRIVE
MORTGAGE AMT: 267,200.00 CITY : PHOENIX MD 21131
LIFETIME RATE : 7.12500
UNPAID BALANCE: 266,771.370 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,800.1880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080055338 MORTGAGORS: LAWLER, JOHN
LAWLER, KATHLEEN
ADDRESS : 43 BINHGAM AVENUE
MORTGAGE AMT: 264,600.00 CITY : RUMSON NJ 07760
LIFETIME RATE : 7.50000
UNPAID BALANCE: 264,206.030 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,850.1290.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080055403 MORTGAGORS: BYE, JAMES
BYE, LINDA
ADDRESS : 4632 SMITH HILL ROAD
MORTGAGE AMT: 432,000.00 CITY : GOLDEN CO 80403
LIFETIME RATE : 7.12500
UNPAID BALANCE: 431,307.030 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,910.4680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080056856 MORTGAGORS: ACKERMAN, ERIC
STEPHENS, VIRGINIA
ADDRESS : 3677 N HARRISON
MORTGAGE AMT: 262,600.00 CITY : ARLINGTON VA 22207
LIFETIME RATE : 7.00000
UNPAID BALANCE: 262,168.230 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,747.0980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080058043 MORTGAGORS: PRICE, MICHAEL
BUCKLEY-PRICE, MONICA
BUCKLEY PRIC, MONICA
ADDRESS : 15480 DICKENS STREET
MORTGAGE AMT: 389,250.00 CITY : SHERMAN OAK CA 91403
LIFETIME RATE : 7.12500
UNPAID BALANCE: 387,993.740 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,622.4590.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080058084 MORTGAGORS: BERRY, LORRETTA
PEASE, WILLIAM
ADDRESS : 1725 CORN NECK ROAD
MORTGAGE AMT: 318,400.00 CITY : NEW SHOREHA RI 02807
LIFETIME RATE : 7.37500
UNPAID BALANCE: 317,668.690 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,199.1180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080058126 MORTGAGORS: HO, TEDDY
HO, CHRISTINE
ADDRESS : 818 IKENA CIRCLE
MORTGAGE AMT: 650,000.00 CITY : HONOLULU HI 96821
LIFETIME RATE : 7.00000
UNPAID BALANCE: 648,931.290 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,324.4743.33333 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080058506 MORTGAGORS: MESSINA, EUGENE
DUARTE, AMALIA
ADDRESS : 22 BROCKDEN DRIVE
MORTGAGE AMT: 552,000.00 CITY : MENDHAM NJ 07945
LIFETIME RATE : 7.12500
UNPAID BALANCE: 551,558.570 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,718.9380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080058746 MORTGAGORS: JOHNSON, JAMES
JOHNSON, CONSTANCE
ADDRESS : 12100 DUNLEIGH COURT
MORTGAGE AMT: 386,490.00 CITY : DUNKIRK MD 20754
LIFETIME RATE : 7.00000
UNPAID BALANCE: 385,534.040 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,571.3380.00008 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080059090 MORTGAGORS: SIMPSON, DAVID
HESSE, MARIA
ADDRESS : 513 APPLE LANE
MORTGAGE AMT: 252,000.00 CITY : HARLEYSVILL PA 19438
LIFETIME RATE : 6.37500
UNPAID BALANCE: 251,296.070 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,572.1580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080066228 MORTGAGORS: BATEMAN, DAVID
BATEMAN, MARYBETH
ADDRESS : 318 WILD PRARIE COURT
MORTGAGE AMT: 278,700.00 CITY : MAPLE GLEN PA 19002
LIFETIME RATE : 7.37500
UNPAID BALANCE: 278,274.540 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,924.9279.62857 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080068042 MORTGAGORS: SHREVES, JOHN
SHREVES, SUSAN
ADDRESS : 1617 BEVERLY DRIVE
MORTGAGE AMT: 457,500.00 CITY : CHARLOTTE NC 28207
LIFETIME RATE : 7.00000
UNPAID BALANCE: 456,747.790 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,043.7660.39604 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080068539 MORTGAGORS: STOCK, GLENN
STOCK, IVY
ADDRESS : 3615 WINDRIDGE DRIVE
MORTGAGE AMT: 177,500.00 CITY : DOYLESTOWN PA 18901
LIFETIME RATE : 7.50000
UNPAID BALANCE: 177,235.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,241.1179.99099 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080069180 MORTGAGORS: ALEXANDER, RICHARD
ALEXANDER, LA VERA
ADDRESS : 6271 KING FISHER LANE
MORTGAGE AMT: 353,350.00 CITY : ALEXANDRIA VA 22312
LIFETIME RATE : 7.00000
UNPAID BALANCE: 352,476.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,350.8579.86845 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080069453 MORTGAGORS: HELLER, JAMES
HELLER, LINDA
ADDRESS : 27 LAKEWOOD DRIVE
MORTGAGE AMT: 280,000.00 CITY : MEDIA PA 19063
LIFETIME RATE : 6.87500
UNPAID BALANCE: 279,528.190 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,839.4080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080069461 MORTGAGORS: CLINTON, L
CLINTON, GERTRUD
ADDRESS : 334 THREE MILE DR
MORTGAGE AMT: 264,000.00 CITY : KALISPELL MT 59901
LIFETIME RATE : 7.12500
UNPAID BALANCE: 263,362.880 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,778.6280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080069511 MORTGAGORS: DILZ, ALBERT
DILZ, ELISABETH
ADDRESS : 1842 ARLINGTON AVENUE
MORTGAGE AMT: 300,000.00 CITY : COLUMBUS OH 43212
LIFETIME RATE : 7.12500
UNPAID BALANCE: 299,518.760 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,021.1675.94937 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080070238 MORTGAGORS: CARR, JOHN
CARR, ANNE
ADDRESS : 27 SEASCAPE LANE
MORTGAGE AMT: 282,400.00 CITY : NORTH FALMO MA 02556
LIFETIME RATE : 7.50000
UNPAID BALANCE: 281,979.530 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,974.5877.36986 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080071624 MORTGAGORS: AUYEUNG, BENNY
AUYEUNG, JENNY
ADDRESS : 120 SOUTH STREET
MORTGAGE AMT: 259,400.00 CITY : READING MA 01867
LIFETIME RATE : 7.00000
UNPAID BALANCE: 258,973.500 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,725.8080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080072143 MORTGAGORS: PAINTER, GREGORY
PAINTER, DENICE
PAINTER, DENICE
ADDRESS : 941007 ANANIA PLACE
MORTGAGE AMT: 255,000.00 CITY : MILILANI HI 96789
LIFETIME RATE : 6.25000
UNPAID BALANCE: 254,514.830 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,570.0873.91304 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080072853 MORTGAGORS: CAMPBELL, HENRY
ADDRESS : 114 PELICAN WAY
MORTGAGE AMT: 296,800.00 CITY : DUCK NC 27949
LIFETIME RATE : 6.87500
UNPAID BALANCE: 295,294.160 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,949.7662.48421 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080073737 MORTGAGORS: SULLIVAN, WALTER
SULLIVAN, LINDA
ADDRESS : 109 MILL STREET EXTENSION
MORTGAGE AMT: 450,000.00 CITY : MIDDLETON MA 01949
LIFETIME RATE : 6.62500
UNPAID BALANCE: 449,602.970 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,881.4071.59905 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080074032 MORTGAGORS: PHILBIN, PHILLIP
ADDRESS : 140 FRENCE FARM RD
MORTGAGE AMT: 275,920.00 CITY : NORTH ANDOV MA 01845
LIFETIME RATE : 6.75000
UNPAID BALANCE: 274,919.370 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,789.6180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080074198 MORTGAGORS: BRANDWENE LE, DEBORAH
Lease, Jonathan
LESE, JONATHAN
ADDRESS : 1258 5 STILLWATER AVENUE
MORTGAGE AMT: 320,000.00 CITY : STAMFORD CT 06902
LIFETIME RATE : 7.00000
UNPAID BALANCE: 319,473.870 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,128.9780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080075039 MORTGAGORS: SMIRNOV, ALEXANDER
SMIRNOVA, OLGA
ADDRESS : 406 NINA PLACE
MORTGAGE AMT: 188,000.00 CITY : ROCKVILLE MD 20852
LIFETIME RATE : 7.00000
UNPAID BALANCE: 187,690.900 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,250.7780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080075112 MORTGAGORS: BAILEY, PETER
ADDRESS : 8065 BARONY WOODS
MORTGAGE AMT: 480,000.00 CITY : PITTSFORD NY 14534
LIFETIME RATE : 6.75000
UNPAID BALANCE: 479,171.140 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,113.2779.33884 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080075591 MORTGAGORS: PEIRCE, JENNIFER
DAVIDSON, CARRIE
ADDRESS : 65 BONNIE AVENUE
MORTGAGE AMT: 265,900.00 CITY : DRACUT MA 01826
LIFETIME RATE : 7.87500
UNPAID BALANCE: 265,528.350 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,927.9694.99821 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080076136 MORTGAGORS: MURPHY, MATTHEW
SHEEHAN, JANE
ADDRESS : 230 SNOWDEN LANE
MORTGAGE AMT: 270,000.00 CITY : PRINCETON NJ 08540
LIFETIME RATE : 7.50000
UNPAID BALANCE: 269,799.620 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,887.8873.97260 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080077175 MORTGAGORS: GARRELL, MICHAEL
GARRELL, BLANCHE
ADDRESS : 4219 NINSTRAL LANE
MORTGAGE AMT: 172,000.00 CITY : FAIRFAX VA 22033
LIFETIME RATE : 6.87500
UNPAID BALANCE: 171,710.170 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,129.9280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080077191 MORTGAGORS: NELBACH, DANIEL
TOMPKINS, BARBARA
ADDRESS : 6919 DEER RUN DRIVE
MORTGAGE AMT: 160,000.00 CITY : ALEXANDRIA VA 22306
LIFETIME RATE : 7.37500
UNPAID BALANCE: 159,632.470 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,105.0980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080078686 MORTGAGORS: PEREL, ISRAEL
MELIN PEREL, BETH
ADDRESS : 2805 RIKKARD DRIVE
MORTGAGE AMT: 384,000.00 CITY : THOUSAND OA CA 91362
LIFETIME RATE : 7.50000
UNPAID BALANCE: 383,715.020 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,684.9880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080079056 MORTGAGORS: ENGFER, JOHN
ADDRESS : 22330 SE DONNA CIRCLE
MORTGAGE AMT: 282,050.00 CITY : BORING OR 97009
LIFETIME RATE : 7.12500
UNPAID BALANCE: 281,369.330 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,900.2294.99832 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080079114 MORTGAGORS: LUNEBURG, WILLIAM
SUDNIK, PATRICIA
ADDRESS : 120 WITHEROW ROAD
MORTGAGE AMT: 278,000.00 CITY : SEWICKLEY PA 15143
LIFETIME RATE : 6.50000
UNPAID BALANCE: 277,496.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,757.1573.15789 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080079148 MORTGAGORS: MARINO, MICHAEL
MARINO, PEGGY
ADDRESS : 31 CHARTER DRIVE
MORTGAGE AMT: 268,200.00 CITY : SOUTH RIVER NJ 08882
LIFETIME RATE : 7.50000
UNPAID BALANCE: 268,000.960 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,875.2994.98479 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080079643 MORTGAGORS: STOLZENBERG, MARC
STOLZENBERG, KAREN
ADDRESS : 122 PROSPECT AVENUE
MORTGAGE AMT: 460,000.00 CITY : DOUGLASTON NY 11363
LIFETIME RATE : 6.87500
UNPAID BALANCE: 459,224.860 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,021.8880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080079734 MORTGAGORS: GLENN, MATTHEW
GLENN, LAURA
ADDRESS : 739 SOUTH BRUNER STREET
MORTGAGE AMT: 351,500.00 CITY : HINSDALE IL 60521
LIFETIME RATE : 7.37500
UNPAID BALANCE: 350,963.440 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,427.7278.98876 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080080062 MORTGAGORS: VENTURA, ANN
ADDRESS : 373 MIDDLEWOOD ROAD
MORTGAGE AMT: 53,000.00 CITY : TWP OF MIDDLETOWN NJ 07748
LIFETIME RATE : 7.75000
UNPAID BALANCE: 52,962.590 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 379.7039.84962 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080080674 MORTGAGORS: STEELE, TIMOTHY
STEELE, DEBRA
ADDRESS : LOT 8 MARTINS POND ROAD
MORTGAGE AMT: 297,000.00 CITY : GROTON MA 01450
LIFETIME RATE : 7.50000
UNPAID BALANCE: 296,557.780 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,076.6790.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080081102 MORTGAGORS: FOREMAN, ALAN
FOREMAN, MARY
ADDRESS : 13198 RETTEW DRIVE
MORTGAGE AMT: 258,200.00 CITY : MANASSAS VA 20112
LIFETIME RATE : 6.75000
UNPAID BALANCE: 257,754.120 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,674.6994.98234 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080081177 MORTGAGORS: SLOSS, DAVID
SLOSS, HEIDI
ADDRESS : 320 DE MUN
MORTGAGE AMT: 375,000.00 CITY : CLAYTON MO 63105
LIFETIME RATE : 6.87500
UNPAID BALANCE: 374,368.110 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,463.4878.94737 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080081367 MORTGAGORS: ROGERS, JOHN
ROGERS, GERALDINE
ADDRESS : 39 TOWER HILL ROAD
MORTGAGE AMT: 288,000.00 CITY : NORTH READI MA 01864
LIFETIME RATE : 6.50000
UNPAID BALANCE: 287,477.870 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,820.3680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080082043 MORTGAGORS: RODRIGUEZ, MIRIAM
ADDRESS : 22918 COPPER RIDGE DRIVE
MORTGAGE AMT: 296,990.00 CITY : AREA OF COR CA 91719
LIFETIME RATE : 7.62500
UNPAID BALANCE: 296,341.040 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,102.0889.99697 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080082266 MORTGAGORS: REGINA, MARIA
INGALLS, ROBERT
ADDRESS : 154 CHESTNUT AVENUE
MORTGAGE AMT: 294,300.00 CITY : BOSTON MA 02130
LIFETIME RATE : 7.00000
UNPAID BALANCE: 294,058.760 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,957.9990.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080082308 MORTGAGORS: BERNS, PAT
ADDRESS : 1728 N WELLS STREET
MORTGAGE AMT: 427,500.00 CITY : CHICAGO IL 60614
LIFETIME RATE : 6.50000
UNPAID BALANCE: 427,500.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,702.0974.02597 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080082449 MORTGAGORS: POLLACK, MARK
NORMAND, PATRICIA
ADDRESS : 39 STERLING STREET
MORTGAGE AMT: 635,000.00 CITY : NEWTON MA 02465
LIFETIME RATE : 7.50000
UNPAID BALANCE: 634,528.730 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,440.0252.04918 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080082639 MORTGAGORS: DI BARTOLOME, ROBERT
DI BARTOLOME, FLORENCE
ADDRESS : 3114 EAST LAWNDALE CIRCLE
MORTGAGE AMT: 125,600.00 CITY : MESA AZ 85213
LIFETIME RATE : 7.50000
UNPAID BALANCE: 125,506.790 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 878.2180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080082746 MORTGAGORS: SAPERS, MARCI
ADDRESS : 47 DUDLEY ROAD
MORTGAGE AMT: 450,000.00 CITY : NEWTON MA 02153
LIFETIME RATE : 7.37500
UNPAID BALANCE: 449,653.860 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,108.0446.15385 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080083041 MORTGAGORS: BARRY, DONALD
BARRY, PATRICIA
ADDRESS : 269 STANDISH STREET
MORTGAGE AMT: 275,000.00 CITY : DUXBURY MA 02331
LIFETIME RATE : 7.50000
UNPAID BALANCE: 274,590.560 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,922.8357.35141 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080083520 MORTGAGORS: MAFFEI, STEVEN
MAFFEI, MARIA
ADDRESS : 5 WARREN AVE
MORTGAGE AMT: 436,650.00 CITY : GREEN BROOK NJ 08812
LIFETIME RATE : 6.87500
UNPAID BALANCE: 435,914.220 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,868.4879.99890 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080083801 MORTGAGORS: CHEN, YUNG NING
LIAO, LUICHIEN
ADDRESS : 9 QUEENBERRY WAY
MORTGAGE AMT: 300,000.00 CITY : BASKING RID NJ 07920
LIFETIME RATE : 7.12500
UNPAID BALANCE: 299,518.760 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,021.1661.43827 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080083819 MORTGAGORS: VERMEER, THOMAS
VERMEER, BETH
ADDRESS : 6549 BALLYMORE LANE
MORTGAGE AMT: 302,150.00 CITY : CLARKSVILLE MD 21029
LIFETIME RATE : 6.87500
UNPAID BALANCE: 301,640.840 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,984.9279.51316 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080083827 MORTGAGORS: GROSSMAN, MICHAEL
ADDRESS : 11 HAMILTON AVE
MORTGAGE AMT: 280,000.00 CITY : LINWOOD NJ 08221
LIFETIME RATE : 7.62500
UNPAID BALANCE: 279,593.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,981.8285.91593 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080084007 MORTGAGORS: SUPPLEE, MARK
SUPPLEE, SUSAN
ADDRESS : 837 TOPAZ DRIVE
MORTGAGE AMT: 322,300.00 CITY : WEST CHESTE PA 19382
LIFETIME RATE : 6.75000
UNPAID BALANCE: 320,960.180 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,090.4479.97519 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080084478 MORTGAGORS: HAZELROTH, TIMOTHY
HAZELROTH, ROBERTA
ADDRESS : 4873 LILAC PLACE NORTH
MORTGAGE AMT: 331,800.00 CITY : LAKE ELMO MN 55042
LIFETIME RATE : 7.37500
UNPAID BALANCE: 331,064.300 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,291.6679.95181 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080085368 MORTGAGORS: WERKMAN, NICHOLAS
WERKMAN, JANINE
ADDRESS : 4811 BUTTERWORTH PL NW
MORTGAGE AMT: 350,000.00 CITY : WASHINGTON DC 20016
LIFETIME RATE : 7.00000
UNPAID BALANCE: 349,424.540 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,328.5673.68421 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080085426 MORTGAGORS: BALICK, DONALD
BALICK, JEAN
ADDRESS : 4519 ASBURY AVE
MORTGAGE AMT: 292,000.00 CITY : OCEAN CITY NJ 08226
LIFETIME RATE : 7.37500
UNPAID BALANCE: 291,355.560 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,016.7880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080085517 MORTGAGORS: SMITH, CHRISTINE
ADDRESS : 7123 BOWERMOSS DRIVE
MORTGAGE AMT: 260,000.00 CITY : NEW ALBANY OH 43054
LIFETIME RATE : 6.62500
UNPAID BALANCE: 259,539.950 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,664.8179.75338 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080085566 MORTGAGORS: HENDERSON, SYLVESTER
HENDERSON, DEBBIE
ADDRESS : 1 ROBERTS COURT
MORTGAGE AMT: 413,400.00 CITY : ALLENTOWN NJ 08501
LIFETIME RATE : 7.75000
UNPAID BALANCE: 412,814.570 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,961.6589.86957 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080085673 MORTGAGORS: GOULD, JEFFREY
POST, ALISON
ADDRESS : 1567 DUXBURY CT
MORTGAGE AMT: 265,437.00 CITY : ALLENTOWN PA 18104
LIFETIME RATE : 7.12500
UNPAID BALANCE: 265,011.200 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,788.3091.53000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080086176 MORTGAGORS: THOMAS, MICHAEL
TAVACOL, JENNIFER
ADDRESS : 2357 BRILYN PLACE
MORTGAGE AMT: 162,400.00 CITY : FALLS CHURC VA 22046
LIFETIME RATE : 6.50000
UNPAID BALANCE: 162,105.580 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,026.4880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080086226 MORTGAGORS: PALEKAS, EDMUND
PALEKAS, JULIE
ADDRESS : 9120 FISHERMANS LANE
MORTGAGE AMT: 204,000.00 CITY : SPRINGFIELD VA 22153
LIFETIME RATE : 7.12500
UNPAID BALANCE: 203,672.750 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,374.3980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080086267 MORTGAGORS: WILSON, JOHN
WILSON, SUSAN
ADDRESS : 2212 SHERWOOD HALL LANE
MORTGAGE AMT: 236,000.00 CITY : ALEXANDRIA VA 22306
LIFETIME RATE : 7.00000
UNPAID BALANCE: 235,611.970 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,570.1280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080086465 MORTGAGORS: OSBORN, KEVIN
ADDRESS : 9447 MORCADO CIRCLE
MORTGAGE AMT: 301,000.00 CITY : LA MESA CA 91941
LIFETIME RATE : 7.62500
UNPAID BALANCE: 300,782.140 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,130.4677.17949 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080087356 MORTGAGORS: GROSSKOPF, WILLIAM
COLLIER GROS, BETSY
ADDRESS : 18 WEBB ROAD
MORTGAGE AMT: 600,000.00 CITY : CHADDS FORD PA 19317
LIFETIME RATE : 6.62500
UNPAID BALANCE: 599,470.630 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,841.8767.03911 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080087539 MORTGAGORS: GIDICSIN, MARK
GIDICSIN, ANETTE
ADDRESS : 3 ALPINE COURT
MORTGAGE AMT: 321,600.00 CITY : SMITHTOWN NY 11787
LIFETIME RATE : 7.75000
UNPAID BALANCE: 321,373.010 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,303.9980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080087638 MORTGAGORS: GIBBONS, JOSEPH
WYNNE, STEVEN
ADDRESS : 210 WILLOW BROOK DRIVE
MORTGAGE AMT: 344,800.00 CITY : WAYLAND MA 01778
LIFETIME RATE : 7.37500
UNPAID BALANCE: 343,995.530 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,381.4572.28512 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080089824 MORTGAGORS: JENSON, ROBERT
JENSON, SUSAN
ADDRESS : 2021 BATAAN ROAD
MORTGAGE AMT: 272,000.00 CITY : REDONDO BEA CA 90278
LIFETIME RATE : 7.25000
UNPAID BALANCE: 271,143.520 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,855.5279.53216 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080091275 MORTGAGORS: BRADLEY, MARK
BRADLEY, KIMBERLY
ADDRESS : 73 SCUFFLEFIELD ROAD
MORTGAGE AMT: 345,600.00 CITY : NEWPORT NEW VA 23602
LIFETIME RATE : 7.37500
UNPAID BALANCE: 344,242.220 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,386.9880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 04/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080092117 MORTGAGORS: CHUCK, EVAN
RALPH, RICHARD
ADDRESS : 217 ROSECRANS PLACE
MORTGAGE AMT: 572,000.00 CITY : MANHATTAN B CA 90266
LIFETIME RATE : 7.12500
UNPAID BALANCE: 570,619.570 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,853.6780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080092257 MORTGAGORS: Kukielke, Anthony
ADDRESS : 1204 Rockwood Avenue
MORTGAGE AMT: 159,900.00 CITY : Burlington NC 27215
LIFETIME RATE : 7.62500
UNPAID BALANCE: 159,550.610 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,131.76100.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080093131 MORTGAGORS: SULLIVAN, DANA
SULLIVAN, ELIZABETH
ADDRESS : 24 GREEN STREET
MORTGAGE AMT: 276,000.00 CITY : MEDFIELD MA 02052
LIFETIME RATE : 8.12500
UNPAID BALANCE: 275,818.750 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,049.2980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080093966 MORTGAGORS: BOLTE, RICHARD
BOLTE, KAREN
ADDRESS : 129 PHEASANT FIELDS LANE
MORTGAGE AMT: 480,000.00 CITY : MOORESTOWN NJ 08057
LIFETIME RATE : 6.87500
UNPAID BALANCE: 479,596.740 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,153.2680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080094329 MORTGAGORS: CUOCO, FRANK
CUOCO, DEBORAH
ADDRESS : 10 NORTH HAMPSHIRE COURT
MORTGAGE AMT: 396,500.00 CITY : WILMINGTON DE 19807
LIFETIME RATE : 6.62500
UNPAID BALANCE: 395,091.550 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,538.8379.99419 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080094436 MORTGAGORS: SHUPE, J
C SHUPE, MARY
ADDRESS : 102 MEESHAWAY TRAIL
MORTGAGE AMT: 258,900.00 CITY : MEDFORD LAK NJ 08055
LIFETIME RATE : 7.12500
UNPAID BALANCE: 258,484.690 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,744.2689.98957 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080096340 MORTGAGORS: BEECHER, JAMES
ZWEIG BEECHE, SHARON
ADDRESS : 166 FISHING TRAIL
MORTGAGE AMT: 368,000.00 CITY : STAMFORD CT 06903
LIFETIME RATE : 6.62500
UNPAID BALANCE: 367,348.860 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,356.3480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080096498 MORTGAGORS: SCIALDONE, AMY
SCIALDONE, JOHN
ADDRESS : 95 MIDWOOD ROAD
MORTGAGE AMT: 270,900.00 CITY : GLEN ROCK NJ 07452
LIFETIME RATE : 7.12500
UNPAID BALANCE: 270,465.430 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,825.1190.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080096571 MORTGAGORS: BARBARO, PHILIP
BARBARO, MICHELLE
ADDRESS : 1855 AURA WILLOWGROVE ROA
MORTGAGE AMT: 130,000.00 CITY : MONROEVILLE NJ 08343
LIFETIME RATE : 6.87500
UNPAID BALANCE: 129,780.940 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 854.0137.14286 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080097546 MORTGAGORS: THOMPSON, CHARLES
ADDRESS : 17 BARTRAM GROVE
MORTGAGE AMT: 275,000.00 CITY : GREENVILLE SC 29605
LIFETIME RATE : 7.37500
UNPAID BALANCE: 274,418.230 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,899.3678.57143 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080097579 MORTGAGORS: HUGHES, MICHAEL
NEUMANN, KATHRYN
ADDRESS : 7221 5TH AVENUE NW
MORTGAGE AMT: 267,300.00 CITY : SEATTLE WA 98117
LIFETIME RATE : 7.12500
UNPAID BALANCE: 266,654.910 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,800.8590.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080098049 MORTGAGORS: CANFIELD, WILLIAM
CANFIELD, SUSAN
ADDRESS : 4 NORRIS LANE
MORTGAGE AMT: 444,600.00 CITY : SETAUKET NY 11733
LIFETIME RATE : 7.62500
UNPAID BALANCE: 443,954.360 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,146.8690.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080099070 MORTGAGORS: WATSON, ROBERT
WATSON, MARYLOU
ADDRESS : 393 VALLEY STREAM ROAD
MORTGAGE AMT: 460,000.00 CITY : SEVERNA PAR MD 21146
LIFETIME RATE : 7.00000
UNPAID BALANCE: 459,243.660 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,060.4080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080099583 MORTGAGORS: RUSSELL, NEIL
RUSSELL, SUSANNE
ADDRESS : 10 JORDAN TERRACE
MORTGAGE AMT: 339,500.00 CITY : WAKEFIELD MA 01880
LIFETIME RATE : 7.00000
UNPAID BALANCE: 339,221.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,258.7172.62032 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080099765 MORTGAGORS: RYAN, JOHN
RYAN, MARGUERITE
ADDRESS : 16 MERRILL STREET
MORTGAGE AMT: 300,000.00 CITY : NEWBURYPORT MA 01950
LIFETIME RATE : 7.00000
UNPAID BALANCE: 299,506.750 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,995.9179.38608 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080099807 MORTGAGORS: O NEIL, PATRICK
O NEIL, JOYAN
ADDRESS : 35 EDES ROAD
MORTGAGE AMT: 260,000.00 CITY : CUMBERLAND ME 04021
LIFETIME RATE : 7.50000
UNPAID BALANCE: 259,612.870 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,817.9680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080099963 MORTGAGORS: NGUYEN, THANH
HUYNH, LOANNA
ADDRESS : 500 N FIRESTONE LANE
MORTGAGE AMT: 281,600.00 CITY : PLACENTIA CA 92870
LIFETIME RATE : 7.87500
UNPAID BALANCE: 281,211.130 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,041.8080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080100332 MORTGAGORS: MILLER, PAUL
MILLER, JILL
ADDRESS : 20422 CLIFTONS POINT STRE
MORTGAGE AMT: 373,250.00 CITY : STERLING VA 20165
LIFETIME RATE : 7.00000
UNPAID BALANCE: 371,817.110 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,483.2479.99957 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080100431 MORTGAGORS: FISCHER, EDWARD
MALENFANT, JOANNA
ADDRESS : 177 PEMBERTON STREET
MORTGAGE AMT: 346,500.00 CITY : CAMBRIDGE MA 02140
LIFETIME RATE : 7.75000
UNPAID BALANCE: 346,009.300 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,482.3790.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080100670 MORTGAGORS: ROGERS, GEORGE
ROGERS, CAROLYN
ADDRESS : 2 HUNTER LANE
MORTGAGE AMT: 520,000.00 CITY : SOUTH HAMIL MA 01982
LIFETIME RATE : 7.37500
UNPAID BALANCE: 519,206.210 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,591.5174.28571 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080100993 MORTGAGORS: TAYLOR, JAMES
ADDRESS : 7309 Kings Mountain Place
MORTGAGE AMT: 500,000.00 CITY : Birmingham AL 35242
LIFETIME RATE : 7.00000
UNPAID BALANCE: 498,763.290 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,326.5178.13000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080101629 MORTGAGORS: DENT CLIFTON, MARLENE
CLIFTON, HOWARD
ADDRESS : 13125 ZEKIAH DRIVE
MORTGAGE AMT: 457,000.00 CITY : WALDORF MD 20601
LIFETIME RATE : 7.50000
UNPAID BALANCE: 456,319.540 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,195.4274.91803 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080101801 MORTGAGORS: ROEDER, PAUL
BIRSS, SARAH
ADDRESS : 1611 MAIN STREET
MORTGAGE AMT: 320,000.00 CITY : CONCORD MA 01742
LIFETIME RATE : 7.00000
UNPAID BALANCE: 320,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,128.9779.60199 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080101835 MORTGAGORS: POGGI, JOHN
POGGI, ELIZABETH
ADDRESS : 8 FOREST LANE
MORTGAGE AMT: 400,000.00 CITY : NORTON MA 02766
LIFETIME RATE : 7.37500
UNPAID BALANCE: 398,528.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,191.8778.43137 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 105 07/01/19
---------------------------------------------------------------------------------------------------------------------------
LN # 0080101850 MORTGAGORS: LOGUE, KEVIN
SEARS LOGUE, CARMEN
ADDRESS : 73 CENTRAL STREET
MORTGAGE AMT: 218,300.00 CITY : ACTON MA 01720
LIFETIME RATE : 7.62500
UNPAID BALANCE: 217,982.980 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,545.1279.99267 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080101918 MORTGAGORS: LODGE, JAMES
LODGE, MICHELLE
ADDRESS : 13008 GREY FRIARS PLACE
MORTGAGE AMT: 252,000.00 CITY : HERNDON VA 22070
LIFETIME RATE : 7.00000
UNPAID BALANCE: 251,585.670 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,676.5680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080102080 MORTGAGORS: SAMPSON, JEFFREY
PRICE, RAMONA
ADDRESS : 10 NEVIUS PLACE
MORTGAGE AMT: 315,250.00 CITY : SOMERSET NJ 08873
LIFETIME RATE : 7.50000
UNPAID BALANCE: 314,780.600 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,204.2879.99098 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080102957 MORTGAGORS: LOCKHART, PAUL
LOCKHART, TAMMY
ADDRESS : LOT 6 MATTHEW DRIVE
MORTGAGE AMT: 267,900.00 CITY : GROVELAND MA 01834
LIFETIME RATE : 6.87500
UNPAID BALANCE: 267,448.570 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,759.9179.99403 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080103005 MORTGAGORS: VERO, RYAN
ADDRESS : 11170 CORY LANE
MORTGAGE AMT: 346,500.00 CITY : NEWBURY TOW OH 44065
LIFETIME RATE : 6.87500
UNPAID BALANCE: 346,208.900 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,276.2690.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080103146 MORTGAGORS: BURKETT, RUSSELL
BURKETT, ELEANOR
ADDRESS : 8 VALMAR COURT
MORTGAGE AMT: 250,000.00 CITY : OCEAN CITY NJ 08226
LIFETIME RATE : 6.87500
UNPAID BALANCE: 249,789.960 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,642.3379.36508 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080103211 MORTGAGORS: ROSENTHAL, LAWRENCE
ROSENTHAL, MICHELE
ADDRESS : 40 SKYVIEW DRIVE
MORTGAGE AMT: 308,000.00 CITY : SPARTA NJ 07871
LIFETIME RATE : 6.62500
UNPAID BALANCE: 307,728.260 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,972.1674.57627 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080103229 MORTGAGORS: MCELDUFF, JOHN
MCELDUFF, CAROLE
ADDRESS : 46 LAFAYETTE STREET
MORTGAGE AMT: 440,000.00 CITY : NEWTON MA 02462
LIFETIME RATE : 7.00000
UNPAID BALANCE: 439,276.570 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,927.3380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080105836 MORTGAGORS: LACKL, VINCENT
LACKL, KELLY
ADDRESS : 2021 MAJESTIC OVERLOOK DR
MORTGAGE AMT: 316,800.00 CITY : BETHLEHEM PA 18105
LIFETIME RATE : 7.62500
UNPAID BALANCE: 316,038.040 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,242.3079.99172 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080106818 MORTGAGORS: NATH, RAGHU
NATH, LEELAMANI
ADDRESS : 8221 WESTCHESTER DRIVE
MORTGAGE AMT: 231,200.00 CITY : VIENNA VA 22182
LIFETIME RATE : 6.87500
UNPAID BALANCE: 230,810.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,518.8280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080106875 MORTGAGORS: SCHNEE, ROBERT
ADDRESS : 2701 HIGH ROAD
MORTGAGE AMT: 649,950.00 CITY : FLOWER MOUN TX 75028
LIFETIME RATE : 6.87500
UNPAID BALANCE: 649,403.960 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,269.7136.10833 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080107030 MORTGAGORS: KAHRS, JAMES
KAHRS, MARY
ADDRESS : 240 KOHR road
MORTGAGE AMT: 272,000.00 CITY : Kings Park NY 11754
LIFETIME RATE : 7.50000
UNPAID BALANCE: 271,798.140 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,901.8680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080107089 MORTGAGORS: WEISS, JAY
ADDRESS : 119 GREGORY BOULEVARD
MORTGAGE AMT: 303,750.00 CITY : EAST NORWAL CT 06855
LIFETIME RATE : 7.50000
UNPAID BALANCE: 303,069.470 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,123.8775.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080107352 MORTGAGORS: DOLAN, RONALD
DOLAN, JULIE
ADDRESS : 2 FREEDOM DRIVE
MORTGAGE AMT: 376,000.00 CITY : NORTH READI MA 01864
LIFETIME RATE : 7.12500
UNPAID BALANCE: 375,396.850 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,533.1880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080108129 MORTGAGORS: L DEZIEL, CHRISTOPHE
DEZIEL, STACEY
ADDRESS : 80 STEPHEN DRIVE
MORTGAGE AMT: 352,000.00 CITY : TARRYTOWN NY 10591
LIFETIME RATE : 6.87500
UNPAID BALANCE: 351,704.280 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,312.3980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080108152 MORTGAGORS: WEISS, CLIFFORD
WEISS, STACEY
ADDRESS : 100 NORTH 8TH STREET
MORTGAGE AMT: 470,000.00 CITY : ASPEN CO 81611
LIFETIME RATE : 7.50000
UNPAID BALANCE: 469,300.200 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,286.3178.33333 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080108178 MORTGAGORS: PARDINAS, GUILLERMO
ADDRESS : 1706 LEXINGTON ROAD
MORTGAGE AMT: 336,600.00 CITY : GREEN OAKS IL 60048
LIFETIME RATE : 7.00000
UNPAID BALANCE: 336,324.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,239.4185.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080108327 MORTGAGORS: O'CONNELL, DANIEL
O'CONNELL, SONIA
ADDRESS : 23 BECKET ROAD
MORTGAGE AMT: 290,000.00 CITY : BELMONT MA 02478
LIFETIME RATE : 7.37500
UNPAID BALANCE: 289,354.670 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,002.9676.43648 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080108343 MORTGAGORS: Sieber, Paul
Sieber, Heather
ADDRESS : 8104 Overton Court
MORTGAGE AMT: 216,000.00 CITY : Springfield VA 22153
LIFETIME RATE : 7.50000
UNPAID BALANCE: 215,678.400 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,510.31100.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080108442 MORTGAGORS: BARR, AMY
BRAVERMAN, ROBERT BRAVERMAN, CLARIE
ADDRESS : 50 PLAZA STREET
MORTGAGE AMT: 311,200.00 CITY : BROOKLYN NY 11238
LIFETIME RATE : 7.50000
UNPAID BALANCE: 310,686.320 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,175.9680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080108533 MORTGAGORS: CARPENTER, JAMES
CARPENTER, KATHRYN
ADDRESS : 12 MINK HOLLOW
MORTGAGE AMT: 292,400.00 CITY : MILLSTONE NJ 07728
LIFETIME RATE : 7.62500
UNPAID BALANCE: 291,750.820 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,069.5974.99359 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080108806 MORTGAGORS: BARBIC, JEFFREY
TODD BARBIC, ANGELA
ADDRESS : 18 ENSIS
MORTGAGE AMT: 440,000.00 CITY : HILTON HEAD SC 29926
LIFETIME RATE : 7.50000
UNPAID BALANCE: 439,344.860 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,076.5574.57627 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080108814 MORTGAGORS: DIZON, RAYMAR
DIZON, KELLY
ADDRESS : 906 LYNCH DRIVE
MORTGAGE AMT: 650,000.00 CITY : ARNOLD MD 21012
LIFETIME RATE : 6.87500
UNPAID BALANCE: 648,904.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,270.0457.77778 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080109317 MORTGAGORS: LANE, JOHN
LANE, MARGARET
ADDRESS : 6 WELLINGTON COURT
MORTGAGE AMT: 300,000.00 CITY : COLTS NECK NJ 07722
LIFETIME RATE : 6.75000
UNPAID BALANCE: 299,481.950 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,945.8063.15789 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080110323 MORTGAGORS: BUTLER, BRADLEY
BUTLER, STEPHANIE
ADDRESS : 6412 EAST CALLE DEL PAISA
MORTGAGE AMT: 324,000.00 CITY : SCOTTSDALE AZ 85251
LIFETIME RATE : 7.12500
UNPAID BALANCE: 323,279.070 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,182.8590.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080110414 MORTGAGORS: GLESTEIN, HAL
ADDRESS : 7 JACQUELINE CIRCLE
MORTGAGE AMT: 254,000.00 CITY : RICHBORO PA 18954
LIFETIME RATE : 7.75000
UNPAID BALANCE: 253,458.700 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,819.6980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080111198 MORTGAGORS: WINEGARDNER, JOHN
WINEGARDNER, ANDREA
ADDRESS : 1133 WINNERS CIRCLE
MORTGAGE AMT: 272,000.00 CITY : LIBERTYVILL IL 60048
LIFETIME RATE : 7.62500
UNPAID BALANCE: 271,803.130 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,925.2080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080111586 MORTGAGORS: DENNEHY, MICHAEL
DENNEHY, HEATHER
ADDRESS : 5 WABANAKI WAY
MORTGAGE AMT: 382,400.00 CITY : ANDOVER MA 01810
LIFETIME RATE : 7.75000
UNPAID BALANCE: 382,130.100 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,739.5780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080111859 MORTGAGORS: NIKODEM, ROBERT
NIKODEM, CARRIE
ADDRESS : 19 PRESTON STREET
MORTGAGE AMT: 312,000.00 CITY : HUNTINGTON NY 11743
LIFETIME RATE : 7.62500
UNPAID BALANCE: 311,774.180 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,208.3280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080111925 MORTGAGORS: FISHBEIN, KENNETH
FISHBEIN, DEBRA
ADDRESS : 2584 CHEDWORTH COURT
MORTGAGE AMT: 500,000.00 CITY : NORTHBROOK IL 60062
LIFETIME RATE : 7.50000
UNPAID BALANCE: 499,255.520 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,496.0878.74016 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080112121 MORTGAGORS: FEASTER, THOMAS
FEASTER, DEBORAH
ADDRESS : 4 ROSEWOOD TERRACE
MORTGAGE AMT: 287,900.00 CITY : YARDVILLE NJ 08620
LIFETIME RATE : 7.75000
UNPAID BALANCE: 287,696.790 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,062.5679.99444 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080112188 MORTGAGORS: MARKEWITZ, RALPH
HAGUE, SHIRLEY
MARKEWITZ, ALICE HAGUE, WILLIAM
ADDRESS : 386 DESERT VALLEY DRIVE
MORTGAGE AMT: 264,000.00 CITY : PALM DESERT CA 92211
LIFETIME RATE : 7.25000
UNPAID BALANCE: 263,378.420 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,800.9580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080112378 MORTGAGORS: ROGERS, KEITH
ROGERS, PEGGY
ADDRESS : 12 WYCKOFF DRIVE
MORTGAGE AMT: 375,000.00 CITY : UNION NJ 08827
LIFETIME RATE : 6.87500
UNPAID BALANCE: 374,684.950 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,463.4979.78723 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080112659 MORTGAGORS: EMERY, WILLIAM
EMERY, JANE
ADDRESS : 27791 GOLDEN RIDGE LANE
MORTGAGE AMT: 650,000.00 CITY : SAN JUAN CA CA 92675
LIFETIME RATE : 7.00000
UNPAID BALANCE: 648,931.290 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,324.4750.38760 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080112741 MORTGAGORS: MOY, ANNA
YUAN, LAWRENCE
ADDRESS : 479 BUFFALO COURT
MORTGAGE AMT: 368,000.00 CITY : WEST NEW YO NJ 07093
LIFETIME RATE : 7.00000
UNPAID BALANCE: 367,394.940 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,448.3277.66615 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080112808 MORTGAGORS: WAGNER, ROBERT
ROORBACH, GRETCHEN
ADDRESS : 161 MAIN STREET
MORTGAGE AMT: 432,000.00 CITY : WENHAM MA 01984
LIFETIME RATE : 7.37500
UNPAID BALANCE: 431,250.480 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,983.7280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080112816 MORTGAGORS: DAVEY, PAUL
DAVEY, LEIGH
ADDRESS : LOT 8 2 RIVER STREET
MORTGAGE AMT: 309,200.00 CITY : DUNSTABLE MA 01827
LIFETIME RATE : 7.37500
UNPAID BALANCE: 308,963.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,135.5779.85248 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080112840 MORTGAGORS: MCDONALD, JOHN
MCDONALD, LISA
ADDRESS : 6 DURHAM DRIVE
MORTGAGE AMT: 400,000.00 CITY : ANDOVER MA 01810
LIFETIME RATE : 7.12500
UNPAID BALANCE: 399,358.360 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,694.8764.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080112907 MORTGAGORS: MCGREGGOR, KENDALL
ADDRESS : 70 SUMMERHILL PLACE
MORTGAGE AMT: 300,000.00 CITY : NEWNAN GA 30263
LIFETIME RATE : 7.12500
UNPAID BALANCE: 299,518.760 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,021.1671.42857 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080113418 MORTGAGORS: PARKS, ROBERT
MIELE, INTA
ADDRESS : 47 NORTH WATERGATE DRIVE
MORTGAGE AMT: 492,000.00 CITY : AMAWALK NY 10501
LIFETIME RATE : 7.62500
UNPAID BALANCE: 491,643.900 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,482.3580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080115710 MORTGAGORS: MCRITCHIE, JAMES
MCRITCHIE, TARA
ADDRESS : 4159 SPY GLASS LANE
MORTGAGE AMT: 550,000.00 CITY : Longmont CO 80501
LIFETIME RATE : 7.62500
UNPAID BALANCE: 550,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,892.8774.83000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080116262 MORTGAGORS: LINDGREN, ROBIN
TYRRELL, DIANE
ADDRESS : 41 CHAPIN PARKWAY
MORTGAGE AMT: 359,300.00 CITY : BUFFALO NY 14209
LIFETIME RATE : 7.50000
UNPAID BALANCE: 359,300.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,512.2879.84444 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080117039 MORTGAGORS: SCHULTZ, MARK
SCHULTZ, JULIE
ADDRESS : 603 SOUTH BODIN STREET
MORTGAGE AMT: 335,000.00 CITY : HINSDALE IL 60521
LIFETIME RATE : 7.50000
UNPAID BALANCE: 334,751.380 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,342.3752.01863 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080117690 MORTGAGORS: BATTS, KEITH
ADDRESS : 4012 ROCKAWAY BEACH ROAD
MORTGAGE AMT: 392,000.00 CITY : BAINBRIDGE WA 98110
LIFETIME RATE : 7.00000
UNPAID BALANCE: 392,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,607.9980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080117856 MORTGAGORS: PHILLIPS, BRIAN
PHILLIPS, BEVERLY
ADDRESS : 5389 APPLE BLOSSOM DRIVE
MORTGAGE AMT: 268,000.00 CITY : SAN JOSE CA 95123
LIFETIME RATE : 7.50000
UNPAID BALANCE: 267,600.960 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,873.9079.88077 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080118128 MORTGAGORS: LIIK, ERIK
LIIK, MICHELE
ADDRESS : 334 PERRY PLACE
MORTGAGE AMT: 281,250.00 CITY : RIVER VALE NJ 07676
LIFETIME RATE : 7.75000
UNPAID BALANCE: 281,250.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,014.9175.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080121122 MORTGAGORS: DAwSON, DANIEL
DAWSON, KRISTI
ADDRESS : 501 CUPERTINO WAY
MORTGAGE AMT: 336,000.00 CITY : SAN MATEO CA 94403
LIFETIME RATE : 7.37500
UNPAID BALANCE: 335,228.270 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,320.6780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080121304 MORTGAGORS: DOLLAR, WENDELL
DOLLAR, ROBIN
ADDRESS : 1635 VAN HORNE LANE
MORTGAGE AMT: 285,000.00 CITY : REDONDO BEA CA 90278
LIFETIME RATE : 6.87500
UNPAID BALANCE: 284,519.750 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,872.2575.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080121353 MORTGAGORS: ABBOTT, HERBERT
ABBOTT, CLAUDIA
ADDRESS : 2207 SOUTH CHESTER SPRING
MORTGAGE AMT: 342,000.00 CITY : CHESTER SPR PA 19425
LIFETIME RATE : 7.12500
UNPAID BALANCE: 341,174.640 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,304.1257.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080121783 MORTGAGORS: THORNER, HOLLY
ST CROIX, JAMES
ADDRESS : 40 CLIFTWOOD DRIVE
MORTGAGE AMT: 252,000.00 CITY : HUNTINGTON NY 11743
LIFETIME RATE : 7.50000
UNPAID BALANCE: 251,812.980 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,762.0287.80488 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080121916 MORTGAGORS: SMITHGALL, EVAN
SMITHGALL, MICHELLE
ADDRESS : 16541 RUNNING POST CT
MORTGAGE AMT: 314,000.00 CITY : CENTREVILLE VA 20120
LIFETIME RATE : 7.00000
UNPAID BALANCE: 313,483.740 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,089.0578.13861 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080133366 MORTGAGORS: LATADY, KEVIN
LATADY, NANCY
ADDRESS : 2 MYERS LANE
MORTGAGE AMT: 277,100.00 CITY : BEDFORD MA 01730
LIFETIME RATE : 7.50000
UNPAID BALANCE: 277,100.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,937.5385.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080136153 MORTGAGORS: GOUGER, DAVID
GOUGER, LYNNE
ADDRESS : 3709 OLD GUN ROAD WEST
MORTGAGE AMT: 400,000.00 CITY : MIDLOTHIAN VA 23113
LIFETIME RATE : 6.75000
UNPAID BALANCE: 398,258.520 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,594.4080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 04/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080137862 MORTGAGORS: VETH, GEORGE
VETH, DEBRA
ADDRESS : 238 CONCORD STREET
MORTGAGE AMT: 292,500.00 CITY : WAYLAND MA 01778
LIFETIME RATE : 7.50000
UNPAID BALANCE: 291,844.700 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,045.2090.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080137987 MORTGAGORS: SHIRREFFS, WILLIAM
SHIRREFFS, CAROLYN
ADDRESS : 3316 CABO COURT
MORTGAGE AMT: 430,000.00 CITY : CARLSBAD CA 92009
LIFETIME RATE : 7.62500
UNPAID BALANCE: 429,375.580 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,043.5179.92565 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080138506 MORTGAGORS: RIORDAN, CATHERINE
RASCHI, KURT
ADDRESS : 56 DEERHILL RD
MORTGAGE AMT: 441,750.00 CITY : REDDING CT 06896
LIFETIME RATE : 6.50000
UNPAID BALANCE: 441,250.110 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,792.1675.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080139629 MORTGAGORS: HOWARD, DAVID
SCHOMER, DALE
ADDRESS : 541 BALLYTORE ROAD
MORTGAGE AMT: 350,000.00 CITY : WYNNEWOOD PA 19096
LIFETIME RATE : 6.87500
UNPAID BALANCE: 350,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,299.2561.40351 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080140163 MORTGAGORS: DESILVA, ANTHONY
DESILVA, DIANA
ADDRESS : 32 TANNER DRIVE
MORTGAGE AMT: 270,000.00 CITY : SOUTH BRUNS NJ 08540
LIFETIME RATE : 6.87500
UNPAID BALANCE: 270,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,773.7173.23027 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080140205 MORTGAGORS: GILKERSON, LARRY
GILKERSON, CARLA
ADDRESS : 10761 SOUTH LACONIA ROAD
MORTGAGE AMT: 371,630.00 CITY : VILLA PARK CA 92861
LIFETIME RATE : 7.25000
UNPAID BALANCE: 371,340.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,535.1879.99957 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080140502 MORTGAGORS: MATRISCIANO, MONICA
ADDRESS : 1216 BURROWS DR
MORTGAGE AMT: 142,800.00 CITY : STEWARTSVIL NJ 08886
LIFETIME RATE : 6.87500
UNPAID BALANCE: 142,680.030 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 938.1080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080141476 MORTGAGORS: MCCANTS, RICHARD
MCCANTS, DEBRA
ADDRESS : 17105 LONGLEAF DRIVE
MORTGAGE AMT: 262,856.00 CITY : BOWIE MD 20716
LIFETIME RATE : 7.50000
UNPAID BALANCE: 262,660.920 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,837.9379.95620 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 351 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080142334 MORTGAGORS: JAGODZINSKI, JACEK
JAGODZINSKA, BARBARA
ADDRESS : 1485 KENTFIELD AVENUE
MORTGAGE AMT: 291,000.00 CITY : REDWOOD CIT CA 94061
LIFETIME RATE : 7.00000
UNPAID BALANCE: 290,280.220 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,936.0349.48980 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080142359 MORTGAGORS: CHATURVEDI, SURENDRA
CHATURVEDI, KALPANA
ADDRESS : 137 WOODCREST DRIVE
MORTGAGE AMT: 342,400.00 CITY : SAN RAMON CA 94583
LIFETIME RATE : 7.62500
UNPAID BALANCE: 342,152.180 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,423.4980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080142482 MORTGAGORS: LAFAVE, PATRICK
LAFAVE, ANNETTE
ADDRESS : 3854 WHITE TAIL DRIVE
MORTGAGE AMT: 375,000.00 CITY : OAKLAND TOW MI 48363
LIFETIME RATE : 7.37500
UNPAID BALANCE: 374,714.650 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,590.0479.25335 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080142573 MORTGAGORS: MAKRIS, NICHOLAS
makris, su
ADDRESS : 7317 HOCKINg ROAD
MORTGAGE AMT: 370,000.00 CITY : Mc Lean VA 22101
LIFETIME RATE : 7.25000
UNPAID BALANCE: 369,711.370 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,524.0571.15000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080142607 MORTGAGORS: SANTA DONATO, PAUL
SANTA DONATO, PAULA
ADDRESS : 22 PARADISE DRIVE
MORTGAGE AMT: 335,000.00 CITY : SCARSDALE NY 10583
LIFETIME RATE : 7.75000
UNPAID BALANCE: 335,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,399.9869.79167 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080142706 MORTGAGORS: COLSON, LINDA
COLSON, JOHN
ADDRESS : 804 W SIXTH STREET
MORTGAGE AMT: 276,300.00 CITY : HINSDALE IL 60521
LIFETIME RATE : 7.50000
UNPAID BALANCE: 275,888.610 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,931.9390.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080143324 MORTGAGORS: JAYNE, KENNETH
JAYNE, CINDY
ADDRESS : 106 HARDY ROAD
MORTGAGE AMT: 332,500.00 CITY : LOOKOUT MOU GA 30750
LIFETIME RATE : 7.12500
UNPAID BALANCE: 332,234.110 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,240.1195.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080144058 MORTGAGORS: MURPHY, JOHN
MURPHY, CLAIRE
ADDRESS : 90 GLENDALE ROAD
MORTGAGE AMT: 425,000.00 CITY : NEEDHAM MA 02492
LIFETIME RATE : 7.50000
UNPAID BALANCE: 425,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,971.6658.62069 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080144264 MORTGAGORS: SCHWARTZ, DAVID
SMITH, KATHARENE
ADDRESS : 301 POPULAR DRIVE
MORTGAGE AMT: 284,800.00 CITY : FALLS CHURC VA 22046
LIFETIME RATE : 7.62500
UNPAID BALANCE: 284,593.870 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,015.8080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080145311 MORTGAGORS: LEEDS, JEREMY
RAPHAEL, AMY
ADDRESS : 510 BROADWAY
MORTGAGE AMT: 268,000.00 CITY : DOBBS FERRY NY 10522
LIFETIME RATE : 7.62500
UNPAID BALANCE: 267,806.030 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,896.8980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080145386 MORTGAGORS: DEVANEY, BRIDGET
ADDRESS : 1490 MAXINE AVENUE
MORTGAGE AMT: 272,000.00 CITY : SAN JOSE CA 95125
LIFETIME RATE : 7.12500
UNPAID BALANCE: 271,563.690 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,832.5180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080145519 MORTGAGORS: FABIAN, DAVID
FABIAN, STEPHANIE
ADDRESS : 34 CHARLES STREET
MORTGAGE AMT: 319,200.00 CITY : FAIRFIELD CT 06430
LIFETIME RATE : 7.75000
UNPAID BALANCE: 318,974.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,286.7980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080146889 MORTGAGORS: PUGH, WILLIAM
PUGH, CAROLYN
ADDRESS : 50 FAIRFIELD DRIVE
MORTGAGE AMT: 291,000.00 CITY : GLEN GARDNE NJ 08826
LIFETIME RATE : 7.00000
UNPAID BALANCE: 290,761.470 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,936.0370.12048 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080147010 MORTGAGORS: O'MAHONEY, THOMAS
O'MAHONEY, PATRICIA
ADDRESS : LOT 3 VIA LOMA
MORTGAGE AMT: 435,000.00 CITY : Fallbrook CA 92028
LIFETIME RATE : 6.87500
UNPAID BALANCE: 434,634.550 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,857.6566.92000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080147408 MORTGAGORS: RIFFKIND, MICHAEL
RIFFKIND, RUTH
ADDRESS : 10529 VINEMONT STREET
MORTGAGE AMT: 129,550.00 CITY : DALLAS TX 75218
LIFETIME RATE : 7.37500
UNPAID BALANCE: 129,248.970 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 894.7789.65398 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080147507 MORTGAGORS: BUNNELL, SHIRLEY
BUNNELL, MICHAEL
ADDRESS : 5 ALLEN AVENUE
MORTGAGE AMT: 334,800.00 CITY : MANCHESTER MA 01944
LIFETIME RATE : 7.75000
UNPAID BALANCE: 334,563.700 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,398.5580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080148042 MORTGAGORS: LOBB, STEVEN
LOBB, PATRICIA
ADDRESS : 10441 BRECKINRIDGE LANE
MORTGAGE AMT: 254,700.00 CITY : FAIRFAX VA 22030
LIFETIME RATE : 7.37500
UNPAID BALANCE: 254,506.190 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,759.1590.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080148067 MORTGAGORS: CHINGERY, JED
CHINGERY, DONNA
ADDRESS : 5 HARTLEY COURT
MORTGAGE AMT: 260,000.00 CITY : MILFORD NJ 08848
LIFETIME RATE : 7.37500
UNPAID BALANCE: 260,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,795.7672.24229 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 351 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080148877 MORTGAGORS: PANARO, GENE
PANARO, REGINA
ADDRESS : 11 WILLOW LANE
MORTGAGE AMT: 110,000.00 CITY : MARLBORO TW NJ 07726
LIFETIME RATE : 7.12500
UNPAID BALANCE: 109,792.020 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 861.1153.65854 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 105 08/01/19
---------------------------------------------------------------------------------------------------------------------------
LN # 0080149719 MORTGAGORS: KANEVSKIY, ALEXANDER
KANEVSKIY, LYUDMILA
ADDRESS : 2205 AVENUE S
MORTGAGE AMT: 234,500.00 CITY : BROOKLYN NY 11229
LIFETIME RATE : 7.50000
UNPAID BALANCE: 234,500.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,639.6670.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080151533 MORTGAGORS: HEINZ, DAVID
HEINZ, JOAN
ADDRESS : 7547 SOUTH JASMINE WAY
MORTGAGE AMT: 278,400.00 CITY : ENGLEWOOD CO 80112
LIFETIME RATE : 7.50000
UNPAID BALANCE: 278,193.380 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,946.6280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080157233 MORTGAGORS: MATHER, RICHARD
MATHER, VICKI
ADDRESS : 6811 HAMPTON CREEK WAY
MORTGAGE AMT: 447,850.00 CITY : SPRINGFIELD VA 22150
LIFETIME RATE : 7.50000
UNPAID BALANCE: 447,183.190 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,131.4379.99578 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080157597 MORTGAGORS: DEPAOLO, ANTHONY
WOOTEN, KATHLEEN
ADDRESS : 504 NORTH PACIFIC AVENUE
MORTGAGE AMT: 650,000.00 CITY : SOLANA BEAC CA 92075
LIFETIME RATE : 7.62500
UNPAID BALANCE: 649,529.550 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,600.6674.79862 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080157639 MORTGAGORS: COUNTS, MARK
COUNTS, THALIA
ADDRESS : 4215 RIVER PARK COURT
MORTGAGE AMT: 263,000.00 CITY : CUMMING GA 30041
LIFETIME RATE : 7.75000
UNPAID BALANCE: 262,814.370 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,884.1788.97369 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080159361 MORTGAGORS: SUTTER, STEVEN
WEISEL, INGRID
ADDRESS : 51 PINE STREET
MORTGAGE AMT: 284,000.00 CITY : CONCORD MA 01742
LIFETIME RATE : 7.37500
UNPAID BALANCE: 284,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,961.5280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080159775 MORTGAGORS: DE LUCA, JAMES
ADDRESS : 26 MAMANASCO ROAD
MORTGAGE AMT: 267,750.00 CITY : RIDGEFIELD CT 06877
LIFETIME RATE : 7.62500
UNPAID BALANCE: 267,556.210 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,895.1290.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080160112 MORTGAGORS: KETTLE, DAVID
KETTLE, KIMBERLY
ADDRESS : 25429 OUTLOOK DRIVE
MORTGAGE AMT: 325,000.00 CITY : CARMEL CA 93923
LIFETIME RATE : 7.75000
UNPAID BALANCE: 324,770.620 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,328.3476.47059 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080161730 MORTGAGORS: PEKAR, RON
ADDRESS : 490 MAYHEW COURT
MORTGAGE AMT: 360,000.00 CITY : SOUTH ORANG NJ 07079
LIFETIME RATE : 7.12500
UNPAID BALANCE: 359,422.520 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,425.3980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080162613 MORTGAGORS: SINKELDAM, MICHAEL
SINKELDAM, LAURIE
ADDRESS : 2569 JASMINE COURT
MORTGAGE AMT: 345,000.00 CITY : LA VERNE CA 91750
LIFETIME RATE : 7.50000
UNPAID BALANCE: 344,486.320 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,412.2975.82418 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080162795 MORTGAGORS: ST PIERRE, RENE
ST PIERRE, CINDI
ADDRESS : 1440 GENTLE WAY
MORTGAGE AMT: 295,000.00 CITY : PROSPER TX 75078
LIFETIME RATE : 7.62500
UNPAID BALANCE: 294,571.620 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,087.9976.42487 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080165665 MORTGAGORS: HALLIDAY, JAMES
HALLIDAY, KAREN
ADDRESS : 948 RICHARD LANE
MORTGAGE AMT: 400,000.00 CITY : DANVILLE CA 94526
LIFETIME RATE : 7.50000
UNPAID BALANCE: 399,404.420 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,796.8670.92199 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080165699 MORTGAGORS: LANG, ERIC
CASPER LANG, TRACY
ADDRESS : 330 EAST 33RD STREET
MORTGAGE AMT: 344,000.00 CITY : NEW YORK NY 10016
LIFETIME RATE : 7.62500
UNPAID BALANCE: 343,750.160 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,434.8174.78261 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080168644 MORTGAGORS: BELMONT, AUGUST
BELMONT, VIRGINIA
ADDRESS : 23081 FAIRFIELD
MORTGAGE AMT: 300,600.00 CITY : MISSION VIE CA 92692
LIFETIME RATE : 7.00000
UNPAID BALANCE: 300,353.600 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,999.9075.15000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080168651 MORTGAGORS: OAKLEY, JOHN
OAKLEY, LISA
ADDRESS : 152 SPORT HILL ROAD
MORTGAGE AMT: 310,800.00 CITY : EASTON CT 06612
LIFETIME RATE : 7.50000
UNPAID BALANCE: 310,337.240 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,173.1670.47619 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080168768 MORTGAGORS: WELKER, ANDREA
EBLING, DAVID
ADDRESS : 61 CRESTLINE ROAD
MORTGAGE AMT: 284,000.00 CITY : STRAFFORD PA 19087
LIFETIME RATE : 8.25000
UNPAID BALANCE: 283,818.900 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,133.6080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080170640 MORTGAGORS: ROSE, LAUREN
ADDRESS : 93 MONTROSE STATION ROAD
MORTGAGE AMT: 650,000.00 CITY : MONTROSE NY 10548
LIFETIME RATE : 7.62500
UNPAID BALANCE: 648,844.060 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 5,286.1546.93141 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 105 08/01/19
---------------------------------------------------------------------------------------------------------------------------
LN # 0080170756 MORTGAGORS: WILLIAMS, TIMOTHY
WILLIAMS, PATRICIA
ADDRESS : 103 BARKER ST
MORTGAGE AMT: 312,000.00 CITY : NORTH ANDOV MA 01845
LIFETIME RATE : 7.37500
UNPAID BALANCE: 312,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,154.9180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080170772 MORTGAGORS: SILVESTRI, MARK
SILVESTRI, LINDA
ADDRESS : 42 GRAND HILL DRIVE
MORTGAGE AMT: 275,000.00 CITY : DOVER MA 02030
LIFETIME RATE : 7.87500
UNPAID BALANCE: 274,810.750 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,993.9430.05464 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080171002 MORTGAGORS: CESSNA, GREGORY
ADDRESS : 3189 ST IVES COUNTRY CLUB
MORTGAGE AMT: 424,000.00 CITY : DULUTH GA 30097
LIFETIME RATE : 7.37500
UNPAID BALANCE: 423,677.360 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,928.4780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080171119 MORTGAGORS: FRISCIA, JOSEPH
FRISCIA, TATIANA
ADDRESS : 3242 GATELAND COURT
MORTGAGE AMT: 302,000.00 CITY : SAN JOSE CA 95148
LIFETIME RATE : 7.25000
UNPAID BALANCE: 301,198.570 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,060.1878.44156 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080172588 MORTGAGORS: POLLOCK, DAN
POLLOCK, SHARON
ADDRESS : 3037 BLAZING STAR DRIVE
MORTGAGE AMT: 313,900.00 CITY : THOUSAND OA CA 91360
LIFETIME RATE : 7.75000
UNPAID BALANCE: 313,678.450 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,248.8279.99511 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080173776 MORTGAGORS: IMMERMAN, JOHN
YEE, LAURA
ADDRESS : 33 MASSASOIT AVENUE
MORTGAGE AMT: 300,000.00 CITY : SUDBURY MA 01776
LIFETIME RATE : 7.87500
UNPAID BALANCE: 299,793.540 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,175.2172.28916 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080177280 MORTGAGORS: TAVARES, LOUIS
TAVARES, NANCY
ADDRESS : 309 BROOKDALE WAY
MORTGAGE AMT: 334,000.00 CITY : HAYWARD CA 94544
LIFETIME RATE : 7.50000
UNPAID BALANCE: 334,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,335.3876.95853 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080177595 MORTGAGORS: SPRANKLE, DONALD
SPRANKLE, DIANNE
ADDRESS : 141 LE CHATEAU DRIVE
MORTGAGE AMT: 252,450.00 CITY : HOLLISTER CA 95118
LIFETIME RATE : 8.37500
UNPAID BALANCE: 252,450.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,918.8079.98897 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.37500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080177975 MORTGAGORS: HELLER, GUSTAVO
HELLER, ELKE
ADDRESS : 27836 COLONIAL
MORTGAGE AMT: 275,000.00 CITY : MISSION VIE CA 92692
LIFETIME RATE : 7.37500
UNPAID BALANCE: 274,580.200 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,899.3677.68362 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080179591 MORTGAGORS: NELSON, ROBIN
ADDRESS : 5744 BUENA VISTA DRIVE
MORTGAGE AMT: 472,000.00 CITY : OAKLAND CA 94618
LIFETIME RATE : 7.50000
UNPAID BALANCE: 470,942.520 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,300.3080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080180508 MORTGAGORS: INCORVIA, MICHAEL
ADDRESS : 15 JUSTIN COURT
MORTGAGE AMT: 300,000.00 CITY : MARLBORO NJ 07746
LIFETIME RATE : 7.37500
UNPAID BALANCE: 299,764.530 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,072.0380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080181399 MORTGAGORS: PRICE, MICHAEL
BROWN, CELIA
ADDRESS : 8 DEER RUN ROAD
MORTGAGE AMT: 324,000.00 CITY : EXETER NH 03833
LIFETIME RATE : 7.00000
UNPAID BALANCE: 323,734.420 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,155.5890.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080181639 MORTGAGORS: HOLLAND, DANIEL
HOLLAND, MARY
ADDRESS : 412 EAST E STREET
MORTGAGE AMT: 248,670.00 CITY : BENICIA CA 94510
LIFETIME RATE : 7.00000
UNPAID BALANCE: 248,054.920 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,654.4194.99815 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080184294 MORTGAGORS: RAKELA, JORGE
RAKELA, ROSA MARIA
ADDRESS : 11237 NORTH 119TH WAY
MORTGAGE AMT: 291,900.00 CITY : SCOTTSDALE AZ 85259
LIFETIME RATE : 7.75000
UNPAID BALANCE: 291,485.280 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,091.2179.99167 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080184310 MORTGAGORS: HAMILL, JAMES
HAMILL, LINDA
ADDRESS : 1015 SADDLEBACK WAY
MORTGAGE AMT: 278,100.00 CITY : BEL AIR MD 21014
LIFETIME RATE : 7.50000
UNPAID BALANCE: 277,893.610 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,944.5279.63119 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080186596 MORTGAGORS: BATES, WILLIAM
BATES, MARY
ADDRESS : 14524 CHATEAU LANE
MORTGAGE AMT: 252,800.00 CITY : BURNSVILLE MN 55306
LIFETIME RATE : 7.00000
UNPAID BALANCE: 252,174.730 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,681.8879.80780 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080187024 MORTGAGORS: BARRERA, BERNARD
BARRERA, MARIA
ADDRESS : 11 HENNA
MORTGAGE AMT: 426,850.00 CITY : IRVINE CA 92618
LIFETIME RATE : 6.75000
UNPAID BALANCE: 425,677.800 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,768.5579.99198 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080188899 MORTGAGORS: BARRY, TODD
BARRY, ELIZABETH
ADDRESS : 153 SHERIDAN STREEET
MORTGAGE AMT: 285,600.00 CITY : EASTON MA 02356
LIFETIME RATE : 8.50000
UNPAID BALANCE: 285,426.980 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,196.0280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080189129 MORTGAGORS: FONTE, DANIEL
FONTE, MELISSA
ADDRESS : 3974 BOLINAS PLACE
MORTGAGE AMT: 400,000.00 CITY : BYRON CA 94514
LIFETIME RATE : 7.00000
UNPAID BALANCE: 399,342.330 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,661.2178.89702 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080190770 MORTGAGORS: EMMINZER, DAVID
EMINZER, PAULA
ADDRESS : 1338 ANALESEY DRIVE
MORTGAGE AMT: 323,400.00 CITY : DAVIDSONVIL MD 21035
LIFETIME RATE : 7.75000
UNPAID BALANCE: 323,400.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,316.8880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080190895 MORTGAGORS: CARLTON, SCOTT
CARLTON, TRACI
ADDRESS : 8620 NEIDER DR
MORTGAGE AMT: 143,691.00 CITY : AUSTIN TX 78749
LIFETIME RATE : 7.37500
UNPAID BALANCE: 143,581.660 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 992.4479.99989 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080191182 MORTGAGORS: MURPHY, BRIAN
ADDRESS : 42 EAST PAULDING STREET
MORTGAGE AMT: 320,000.00 CITY : FAIRFIELD CT 06430
LIFETIME RATE : 7.75000
UNPAID BALANCE: 320,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,292.5269.56522 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080191430 MORTGAGORS: STEVENS, DEREK
BATORSKI, MARTHA
ADDRESS : 3034 BLAZING STAR DRIVE
MORTGAGE AMT: 299,950.00 CITY : THOUSAND OA CA 91359
LIFETIME RATE : 7.75000
UNPAID BALANCE: 299,738.300 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,148.8879.35185 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080191844 MORTGAGORS: ASPINALL, ROBERT
ASPINALL, MARY
ADDRESS : 330 LEEWARD AVENUE
MORTGAGE AMT: 375,000.00 CITY : PISMO BEACH CA 93449
LIFETIME RATE : 8.00000
UNPAID BALANCE: 374,748.380 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,751.6265.21739 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080192248 MORTGAGORS: ROBINSON, DUANE
ROBINSON, MARTHA
ADDRESS : 8967 MARTIN AVENUE
MORTGAGE AMT: 319,500.00 CITY : FOUNTAIN VA CA 92708
LIFETIME RATE : 7.75000
UNPAID BALANCE: 318,299.170 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,288.9479.28040 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080192552 MORTGAGORS: MEYERS, ROBERT
MEYERS, NANELLE
ADDRESS : 636 SPRUCE LANE
MORTGAGE AMT: 700,000.00 CITY : VILLANOVA PA 19085
LIFETIME RATE : 7.50000
UNPAID BALANCE: 699,480.490 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,894.5170.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 103 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080192768 MORTGAGORS: CHONG, HAN
LEE, CYNDI
ADDRESS : 210 LONGMEADOW DRIVE
MORTGAGE AMT: 244,200.00 CITY : WILMINGTON DE 19810
LIFETIME RATE : 8.25000
UNPAID BALANCE: 244,200.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,834.5994.98619 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080193337 MORTGAGORS: ENRIQUEZ, FREDERICO
ENRIQUEZ, BELIA ENRIQUEZ, STEVE
ADDRESS : 12200 TRAIL ROAD
MORTGAGE AMT: 272,000.00 CITY : AGUA DULCE CA 91350
LIFETIME RATE : 8.12500
UNPAID BALANCE: 271,822.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,019.5964.76190 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080193360 MORTGAGORS: PLISS, LAWRENCE
PLISS, ESTHER
ADDRESS : 111 BUMPS RIVER ROAD
MORTGAGE AMT: 355,500.00 CITY : OSTERVILLE MA 02655
LIFETIME RATE : 7.75000
UNPAID BALANCE: 355,249.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,546.8562.36842 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080193683 MORTGAGORS: SHALHOUB, HISHAM
SHALHOUB, ROBYN
ADDRESS : 46346 SUMMERHILL PLACE
MORTGAGE AMT: 304,800.00 CITY : STERLING VA 20165
LIFETIME RATE : 8.00000
UNPAID BALANCE: 304,489.150 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,236.5194.98967 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080194145 MORTGAGORS: WARRINGTON, GEORGE
ADDRESS : 11009 STEEPLECHASE COURT
MORTGAGE AMT: 300,000.00 CITY : ELLICOTT CI MD 21042
LIFETIME RATE : 7.50000
UNPAID BALANCE: 299,553.330 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,097.6466.33646 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080194376 MORTGAGORS: AFRIDI, NADEEM
KHAN, FAUZIA
ADDRESS : 4 RUSTIC ROAD
MORTGAGE AMT: 285,000.00 CITY : BOSTON MA 02132
LIFETIME RATE : 8.25000
UNPAID BALANCE: 284,818.270 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,141.1195.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080194954 MORTGAGORS: WHITE, MEREDITH
WHITE, BARBARA
ADDRESS : 4024 SELKIRK COURT
MORTGAGE AMT: 243,750.00 CITY : CYPRESS CA 90630
LIFETIME RATE : 7.25000
UNPAID BALANCE: 243,176.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,662.8175.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080195175 MORTGAGORS: NEWMAN, M
NEWMAN, JAN
ADDRESS : 931 OAKDALE RD
MORTGAGE AMT: 350,000.00 CITY : ANN ARBOR MI 48105
LIFETIME RATE : 7.62500
UNPAID BALANCE: 350,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,477.2842.16867 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080195373 MORTGAGORS: NYSTROM, GARY
NYSTROM, ELLEN
ADDRESS : 351 COATES DRIVE
MORTGAGE AMT: 420,000.00 CITY : APTOS CA 95003
LIFETIME RATE : 7.87500
UNPAID BALANCE: 419,420.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,045.3075.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080195613 MORTGAGORS: WALKER, BERTA
ADDRESS : 675 AVENIDA DE MAYO
MORTGAGE AMT: 259,000.00 CITY : SARASOTA FL 34230
LIFETIME RATE : 8.37500
UNPAID BALANCE: 259,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,968.5970.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.37500 MATURITY DATE:
PRODUCT CODE: 351 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080195688 MORTGAGORS: HILL, GEORGE
HILL, PAULA
ADDRESS : 42677 HORSESHOE COURT
MORTGAGE AMT: 274,500.00 CITY : LEONARDTOWN MD 20650
LIFETIME RATE : 7.87500
UNPAID BALANCE: 274,311.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,990.3290.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080196116 MORTGAGORS: BOATWRIGHT, CHRISTOPHE
BOATWRIGHT, SHERRI
ADDRESS : 13611 ALCHESTER LANE
MORTGAGE AMT: 287,500.00 CITY : HOUSTON TX 77079
LIFETIME RATE : 7.75000
UNPAID BALANCE: 286,996.540 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,360.2379.31034 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 105 08/01/19
---------------------------------------------------------------------------------------------------------------------------
LN # 0080202500 MORTGAGORS: SNAPP, JOHN
SNAPP, YONGMI
ADDRESS : 72 ROCK RIDGE ROAD
MORTGAGE AMT: 254,600.00 CITY : CHESTER NY 10918
LIFETIME RATE : 8.12500
UNPAID BALANCE: 254,265.780 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,890.4095.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080203292 MORTGAGORS: INOVE, TOIU
INOVE, MIYUK
ADDRESS : 9 DIALSTONE LANE
MORTGAGE AMT: 346,000.00 CITY : RIVERSIDE CT 06878
LIFETIME RATE : 7.75000
UNPAID BALANCE: 345,755.790 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,478.7969.75806 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080203425 MORTGAGORS: PITTS, MICKIE
PITTS, RACHEL
ADDRESS : 17 BEACH FLINT WAY
MORTGAGE AMT: 300,000.00 CITY : VICTOR NY 14564
LIFETIME RATE : 7.95000
UNPAID BALANCE: 299,796.650 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,190.8564.10256 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.95000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080203490 MORTGAGORS: CARTER, SETH
CARTER, ANN
ADDRESS : 702 TALAHI COURT SE
MORTGAGE AMT: 300,000.00 CITY : VIENNA VA 22180
LIFETIME RATE : 7.37500
UNPAID BALANCE: 299,771.720 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,072.0365.93407 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080204423 MORTGAGORS: DISEND, BRUCE
MACAIN, CLAUDIA
ADDRESS : 1832 SW SHOREVIEW LANE
MORTGAGE AMT: 280,000.00 CITY : BURIEN WA 98146
LIFETIME RATE : 7.75000
UNPAID BALANCE: 279,802.380 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,005.9580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080204837 MORTGAGORS: SUMANQUI, NORRIL
SUMANQUI, CORAZON
ADDRESS : 2524 CALIFORNIA CT
MORTGAGE AMT: 431,150.00 CITY : UNION CITY CA 94587
LIFETIME RATE : 8.00000
UNPAID BALANCE: 430,860.700 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,163.6379.99562 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080204852 MORTGAGORS: SANTELLA, MARK
SANTELLA, STEFANIE
ADDRESS : 10360 NW 60 PLACE
MORTGAGE AMT: 261,050.00 CITY : PARKLAND FL 33067
LIFETIME RATE : 7.62500
UNPAID BALANCE: 260,861.060 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,847.7079.98713 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080204860 MORTGAGORS: HOWELLS, JOHN
ADDRESS : 3 WADKINS COURT
MORTGAGE AMT: 247,101.00 CITY : MIDDLETOWN DE 19709
LIFETIME RATE : 8.00000
UNPAID BALANCE: 247,101.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,813.1492.50908 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080204878 MORTGAGORS: MALANI, ANAND
MALANI, ELISE
ADDRESS : 33 RUTHERFORD ROAD
MORTGAGE AMT: 420,000.00 CITY : BERKELEY HE NJ 07922
LIFETIME RATE : 7.50000
UNPAID BALANCE: 419,675.320 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,936.7180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080205081 MORTGAGORS: CANTLIN, CHARLES
CANTLIN, CHERYL
ADDRESS : 1199 CARRIE LANE
MORTGAGE AMT: 328,500.00 CITY : WEST CHESTE PA 19382
LIFETIME RATE : 7.62500
UNPAID BALANCE: 328,500.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,325.1190.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080205842 MORTGAGORS: OLSEN, NICHOLAS
ADDRESS : 8819 BLUE MOUNTAIN DRIVE
MORTGAGE AMT: 320,000.00 CITY : GOLDEN CO 80403
LIFETIME RATE : 7.62500
UNPAID BALANCE: 319,768.380 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,264.9566.94561 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080206071 MORTGAGORS: MILLWATER, DONALD
MILLWATER, PATRICIA
ADDRESS : UNIT F1 OCEAN GROVE
MORTGAGE AMT: 261,000.00 CITY : PINE KNOLL SHORES NC 28511
LIFETIME RATE : 7.62500
UNPAID BALANCE: 260,811.100 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,847.3490.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080206196 MORTGAGORS: GOLD, FRANKLIN
GOLD, BONNIE
ADDRESS : 120 BROOKSIDE ROAD
MORTGAGE AMT: 381,000.00 CITY : NEEDHAM MA 02492
LIFETIME RATE : 7.50000
UNPAID BALANCE: 381,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,664.0172.98851 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080206493 MORTGAGORS: SANDERS, JO
BUCKNER, BLAKE
ADDRESS : 15620 SOUTHEAST 43RD STRE
MORTGAGE AMT: 261,250.00 CITY : BELLEVUE WA 98006
LIFETIME RATE : 7.75000
UNPAID BALANCE: 261,065.610 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,871.6394.98273 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080206543 MORTGAGORS: JAMES, BILLY
JAMES, STACEY
ADDRESS : 218 OAKDALE STREET
MORTGAGE AMT: 172,000.00 CITY : REDWOOD CIT CA 94062
LIFETIME RATE : 6.87500
UNPAID BALANCE: 171,783.440 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,201.9833.39806 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 114 08/01/24
---------------------------------------------------------------------------------------------------------------------------
LN # 0080206568 MORTGAGORS: WILSON, SARAH
WILSON, MITCHELL
ADDRESS : 4905 CEDAR STREET
MORTGAGE AMT: 306,800.00 CITY : BELLAIRE TX 77401
LIFETIME RATE : 7.00000
UNPAID BALANCE: 306,800.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,378.6266.69565 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 105 09/01/19
---------------------------------------------------------------------------------------------------------------------------
LN # 0080207509 MORTGAGORS: PORTER, JEFFREY
PORTER, CHRISTINE
ADDRESS : 421 N SUNNYSIDE AVENUE
MORTGAGE AMT: 316,000.00 CITY : SIERRA MADR CA 91024
LIFETIME RATE : 7.50000
UNPAID BALANCE: 315,765.480 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,209.5280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080207780 MORTGAGORS: PERRY, STEPHEN
RADFORD, OLIVER
ADDRESS : 1044 R WASHINGTON STREET
MORTGAGE AMT: 400,000.00 CITY : GLOUCESTER MA 01930
LIFETIME RATE : 7.50000
UNPAID BALANCE: 400,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,796.8679.76072 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080207848 MORTGAGORS: LEWIS, DAVID
ADDRESS : 5001 BLUFFTON COVE
MORTGAGE AMT: 252,600.00 CITY : AUSTIN TX 78730
LIFETIME RATE : 7.75000
UNPAID BALANCE: 252,421.720 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,809.6679.93671 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080208945 MORTGAGORS: KNIGHT MD, RICHARD
ADDRESS : 255 W 92ND STREET APT 2B
MORTGAGE AMT: 263,500.00 CITY : NEW YORK NY 10025
LIFETIME RATE : 8.25000
UNPAID BALANCE: 263,331.840 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,979.5985.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080209000 MORTGAGORS: SMITH, MARK
SMITH, ANNA
ADDRESS : 6617 PELHAMS TRACE
MORTGAGE AMT: 288,000.00 CITY : CENTREVILLE VA 20120
LIFETIME RATE : 7.50000
UNPAID BALANCE: 287,786.260 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,013.7480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080209026 MORTGAGORS: HARPER, CYNTHIA
ADDRESS : 21356 CAMERON HUNT PLACE
MORTGAGE AMT: 337,350.00 CITY : ASHBURN VA 20147
LIFETIME RATE : 7.37500
UNPAID BALANCE: 337,350.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,329.9979.99459 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080209083 MORTGAGORS: PLAMBEK, DAN
PLAMBEK, JUDITH
ADDRESS : 1022 PASEO SANTA MONICA
MORTGAGE AMT: 460,750.00 CITY : THOUSAND OA CA 91320
LIFETIME RATE : 7.87500
UNPAID BALANCE: 460,750.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,340.7679.99312 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080209240 MORTGAGORS: CASAVANT, MARYANN
CASAVANT, DAVID
ADDRESS : 78 PARKER STREET
MORTGAGE AMT: 309,100.00 CITY : WESTWOOD MA 02090
LIFETIME RATE : 7.75000
UNPAID BALANCE: 309,100.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,214.4389.98544 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080209364 MORTGAGORS: FORD, DAVID
ADDRESS : 292 SURREY CROSSING
MORTGAGE AMT: 270,000.00 CITY : RIDGELAND MS 39157
LIFETIME RATE : 6.50000
UNPAID BALANCE: 269,510.520 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,706.5879.41176 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080209471 MORTGAGORS: FORNELL, STEVEN
FORNELL, MARIA FORNELL, ANGELA
ADDRESS : 15790 CASINO REAL
MORTGAGE AMT: 419,200.00 CITY : MORGAN HILL CA 95037
LIFETIME RATE : 8.00000
UNPAID BALANCE: 418,918.730 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,075.9480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080209737 MORTGAGORS: COOKSEY, DONALD
COOKSEY, CAROLINE
ADDRESS : 983 FARMHAEVEN DRIVE
MORTGAGE AMT: 328,000.00 CITY : ROCKVILLE MD 20852
LIFETIME RATE : 7.50000
UNPAID BALANCE: 327,756.580 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,293.4280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080210800 MORTGAGORS: STRANGE, KIM
STRANGE, CYNTHIA
ADDRESS : 32 LAZURITE
MORTGAGE AMT: 248,600.00 CITY : RANCHO SANT CA 92688
LIFETIME RATE : 7.12500
UNPAID BALANCE: 248,000.020 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,674.8779.99691 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080210818 MORTGAGORS: EXEVEA, AMADOR
EXEVEA, CORAZON
ADDRESS : 25605 NORTH HOOD WAY
MORTGAGE AMT: 296,650.00 CITY : STEVENSON R CA 91381
LIFETIME RATE : 7.00000
UNPAID BALANCE: 295,916.250 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,973.6279.99471 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080210974 MORTGAGORS: COOK, SEAN
COOK, MICHELLE
ADDRESS : 1016 MORNING GLORY CT
MORTGAGE AMT: 263,850.00 CITY : EL DORADO H CA 95762
LIFETIME RATE : 7.37500
UNPAID BALANCE: 263,598.920 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,822.3579.98727 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080211030 MORTGAGORS: FITZPATRICK, ANTHONY
FITZPATRICK, PATRICIA
ADDRESS : 2515 LAKE AVENUE
MORTGAGE AMT: 273,100.00 CITY : WILMETTE IL 60091
LIFETIME RATE : 8.12500
UNPAID BALANCE: 273,100.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,027.7694.99130 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.12500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080211220 MORTGAGORS: CRUSH, JONATHAN
CRUSH, SHARON
ADDRESS : 20 WABANAKI WAY
MORTGAGE AMT: 295,900.00 CITY : ANDOVER MA 01810
LIFETIME RATE : 7.50000
UNPAID BALANCE: 295,900.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,068.9879.97297 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080211949 MORTGAGORS: LAURS, R
LAURS, BETTY
ADDRESS : 16002 SOUTHEAST 46TH WAY
MORTGAGE AMT: 279,000.00 CITY : BELLEVUE WA 98006
LIFETIME RATE : 7.75000
UNPAID BALANCE: 278,803.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,998.7990.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080212020 MORTGAGORS: GERSTER, PATRICK
GERSTER, CAROLE
ADDRESS : 449 ISBEL DRIVE
MORTGAGE AMT: 297,000.00 CITY : SANTA CRUZ CA 95060
LIFETIME RATE : 7.50000
UNPAID BALANCE: 296,779.580 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,076.6751.65217 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080212038 MORTGAGORS: KEENER, JAMES
ADDRESS : 102 PALMER STREET
MORTGAGE AMT: 470,550.00 CITY : SAN RAMON CA 94583
LIFETIME RATE : 7.25000
UNPAID BALANCE: 470,550.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,209.9879.88964 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080212178 MORTGAGORS: GROVHOUG, THOMAS
GROVHOUNG, SHIELA
ADDRESS : 1439 ELSDON CIRCLE
MORTGAGE AMT: 280,000.00 CITY : CARMICHAEL CA 95608
LIFETIME RATE : 7.37500
UNPAID BALANCE: 279,786.940 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,933.8976.71233 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080212301 MORTGAGORS: GOODWIN, LOUIS
GOODWIN, TERI
ADDRESS : 6022 VINEYARD AVENUE
MORTGAGE AMT: 280,000.00 CITY : RANCHO CUCA CA 91701
LIFETIME RATE : 7.50000
UNPAID BALANCE: 279,792.200 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,957.8080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080213044 MORTGAGORS: LO, THOMAS
ADDRESS : 8720 E WILEY WAY
MORTGAGE AMT: 260,600.00 CITY : ANAHEIM HIL CA 92808
LIFETIME RATE : 7.00000
UNPAID BALANCE: 259,955.420 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,733.7889.99613 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080214448 MORTGAGORS: THIGPEN, WILLIAM
THIGPEN, JANET
ADDRESS : 1009 LEITH AVENUE
MORTGAGE AMT: 277,500.00 CITY : SANTA CLARA CA 95054
LIFETIME RATE : 7.00000
UNPAID BALANCE: 277,272.540 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,846.2175.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080215254 MORTGAGORS: KLOHE, JAY
KLOHE, KIM
ADDRESS : 1075 SOUTH EXPLORER WAY
MORTGAGE AMT: 300,150.00 CITY : ANAHEIM HIL CA 92808
LIFETIME RATE : 7.25000
UNPAID BALANCE: 299,443.290 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,047.5694.99019 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080215288 MORTGAGORS: STEWART, CRAIG
STEWART, ZIBAD
ADDRESS : 1009 MORNING GLORY COURT
MORTGAGE AMT: 265,800.00 CITY : EL DORADO H CA 95762
LIFETIME RATE : 7.12500
UNPAID BALANCE: 265,587.440 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,790.7579.98893 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080215510 MORTGAGORS: LIBERATORE, STEVE
LIBERATORE, KATHLEEN
ADDRESS : 52 DOVER STREET
MORTGAGE AMT: 317,300.00 CITY : FRANKLIN MA 02038
LIFETIME RATE : 7.50000
UNPAID BALANCE: 317,300.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,218.6179.99153 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080215924 MORTGAGORS: GUIDRY, DEMMETTE
GUIDRY, JAYNESA
ADDRESS : 1 PEBBLE BEACH LANE
MORTGAGE AMT: 566,400.00 CITY : WHITE PLAIN NY 10605
LIFETIME RATE : 7.62500
UNPAID BALANCE: 565,990.060 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,008.9479.98689 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080216286 MORTGAGORS: VESTON, VICTOR
ADDRESS : 921 BORTON LANDING ROAD
MORTGAGE AMT: 260,000.00 CITY : MOORESTOWN NJ 08057
LIFETIME RATE : 7.62500
UNPAID BALANCE: 259,811.810 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,840.2778.78788 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080216732 MORTGAGORS: SOUZA, JOE
SOUZA, ANDREA
ADDRESS : 603 BING COURT
MORTGAGE AMT: 299,250.00 CITY : BRENTWOOD CA 94513
LIFETIME RATE : 8.25000
UNPAID BALANCE: 298,867.030 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,248.1790.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080217029 MORTGAGORS: YARBROUGH, BRIAN
YARBROUGH, SUSAN
ADDRESS : 1111 ITHACCA ST
MORTGAGE AMT: 257,000.00 CITY : MURFREESBOR TN 37129
LIFETIME RATE : 7.37500
UNPAID BALANCE: 256,717.730 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,775.0489.54704 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080217540 MORTGAGORS: PERRY, LISA
PERRY, BRUCE
ADDRESS : 576 WHITNEY COURT
MORTGAGE AMT: 256,650.00 CITY : TRACY CA 95376
LIFETIME RATE : 8.37500
UNPAID BALANCE: 256,490.470 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,950.7389.99895 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080217615 MORTGAGORS: DIGRE, NATHAN
SULLIVAN-DIGRE, ELAINE
ADDRESS : 2206 COASTLAND AVENUE
MORTGAGE AMT: 573,408.13 CITY : San Jose CA 95125
LIFETIME RATE : 8.25000
UNPAID BALANCE: 572,674.340 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,307.8279.64000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080217813 MORTGAGORS: GARRY, WILLIAM
GARRY, JENNIFER
ADDRESS : 2855 CASEY COURT
MORTGAGE AMT: 304,920.00 CITY : TRACY CA 95376
LIFETIME RATE : 7.50000
UNPAID BALANCE: 304,693.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,132.0489.94690 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080217839 MORTGAGORS: SHAH, MAYANK
SHAH, PURVI
ADDRESS : 3074 RASMUS CIRCLE
MORTGAGE AMT: 423,900.00 CITY : SAN JOSE CA 95148
LIFETIME RATE : 7.50000
UNPAID BALANCE: 423,585.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,963.9779.99623 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080217896 MORTGAGORS: LAMIET, JOHN
LAMIET, COLLEEN
ADDRESS : 242 WELDIN RIDGE ROAD
MORTGAGE AMT: 304,000.00 CITY : WILMINGTON DE 19803
LIFETIME RATE : 7.50000
UNPAID BALANCE: 304,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,125.6180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080217953 MORTGAGORS: COFFMAN, STEPHEN
COFFMAN, LISA
ADDRESS : 1063 SOUTH SUMMER BREEZE
MORTGAGE AMT: 447,200.00 CITY : ANAHEIM CA 92808
LIFETIME RATE : 7.37500
UNPAID BALANCE: 447,200.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,088.7080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080218688 MORTGAGORS: BIDDLE, SCOTT
BIDDLE, KERRI
ADDRESS : 1651 VIA TULIPAN
MORTGAGE AMT: 255,000.00 CITY : SAN CLEMENT CA 92673
LIFETIME RATE : 7.75000
UNPAID BALANCE: 254,820.020 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,826.8667.10526 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080219058 MORTGAGORS: COHEN, BRUCE
COHEN, STACEY
ADDRESS : 25 DALY CROSS ROAD
MORTGAGE AMT: 320,000.00 CITY : MOUNT KISCO NY 10549
LIFETIME RATE : 7.37500
UNPAID BALANCE: 320,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,210.1680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080219934 MORTGAGORS: TAMADA, TED
TAMADA, JILL
ADDRESS : 203 NORTH ALTA VISTA AVEN
MORTGAGE AMT: 375,000.00 CITY : MONROVIA CA 91016
LIFETIME RATE : 7.50000
UNPAID BALANCE: 375,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,622.0575.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080220304 MORTGAGORS: DANIEL, CARL
ADDRESS : 1273 DOWNIEVILLE DRIVE
MORTGAGE AMT: 256,000.00 CITY : EL DORADO H CA 95762
LIFETIME RATE : 7.37500
UNPAID BALANCE: 255,609.210 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,768.1380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080220403 MORTGAGORS: ANNETT, JOSEPH
ANNETT, BARBARA
ADDRESS : 10442 NW 60 PLACE
MORTGAGE AMT: 265,700.00 CITY : PARKLAND FL 33076
LIFETIME RATE : 8.00000
UNPAID BALANCE: 265,521.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,949.6279.99470 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080220874 MORTGAGORS: GINN, JAMES
GINN, SUZANNE
ADDRESS : 2 VIA CORBINA
MORTGAGE AMT: 257,850.00 CITY : RANCHO SANT CA 92688
LIFETIME RATE : 6.87500
UNPAID BALANCE: 257,415.490 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,693.9079.99913 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080220957 MORTGAGORS: BARTHOLOMEW, WARREN
BARTHOLOMEW, KAREN
ADDRESS : 17 VIA HACIENDA
MORTGAGE AMT: 284,950.00 CITY : RANCHO SANT CA 92688
LIFETIME RATE : 6.87500
UNPAID BALANCE: 283,646.050 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,871.9294.98650 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080221229 MORTGAGORS: SPREEN, KURT
SPREEN, DANA
ADDRESS : 9 HARTFORD COURT
MORTGAGE AMT: 364,000.00 CITY : COTO DE CAZ CA 92679
LIFETIME RATE : 8.00000
UNPAID BALANCE: 363,755.770 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,670.9080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080221435 MORTGAGORS: BURBA, BRIAN
HANSON, DANA
ADDRESS : 275 ISLINGTON ROAD
MORTGAGE AMT: 285,000.00 CITY : NEWTON MA 02466
LIFETIME RATE : 7.50000
UNPAID BALANCE: 284,788.490 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,992.7657.69231 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080221658 MORTGAGORS: CANTRELL, J
CANTRELL, TIA
ADDRESS : 4421 55TH AVENUE NORTHEAS
MORTGAGE AMT: 650,000.00 CITY : SEATTLE WA 98105
LIFETIME RATE : 7.87500
UNPAID BALANCE: 650,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,712.9572.06208 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080221732 MORTGAGORS: HOLMES, JOHN
HOLMES, KAREN
ADDRESS : 1381 PEGGY AVENUE
MORTGAGE AMT: 590,000.00 CITY : CAMPBELL CA 95008
LIFETIME RATE : 7.25000
UNPAID BALANCE: 589,539.740 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,024.8475.83548 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080221823 MORTGAGORS: GUERRERO, JAIME
ADDRESS : 3118 18TH STREET
MORTGAGE AMT: 292,000.00 CITY : SAN FRANCIS CA 94110
LIFETIME RATE : 7.25000
UNPAID BALANCE: 291,772.220 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,991.9580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080222888 MORTGAGORS: GNESSIN, NAVA
ADDRESS : 388 KINGSTON COURT
MORTGAGE AMT: 251,300.00 CITY : WEST NEW YO NJ 07093
LIFETIME RATE : 8.37500
UNPAID BALANCE: 251,143.790 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,910.0779.73760 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080224512 MORTGAGORS: MAYBERRY, BRIAN
ADDRESS : 4166 AUGUSTA DRIVE NORTHE
MORTGAGE AMT: 261,000.00 CITY : TACOMA WA 98407
LIFETIME RATE : 8.00000
UNPAID BALANCE: 260,824.870 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,915.1390.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080225329 MORTGAGORS: KOHLER, JAMES
KOHLER, MARGARET
ADDRESS : 1546 ANNAPOLIS WAY
MORTGAGE AMT: 341,600.00 CITY : GRAYSON GA 30017
LIFETIME RATE : 7.62500
UNPAID BALANCE: 341,352.750 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,417.8380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080225386 MORTGAGORS: LE BARD, STEPHEN
LE BARD, DEBORAH
ADDRESS : 26661 COUNTRY CREEK LANE
MORTGAGE AMT: 292,720.00 CITY : CALABASAS CA 91302
LIFETIME RATE : 7.87500
UNPAID BALANCE: 292,518.560 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,122.4280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080225592 MORTGAGORS: MARTIN, RAY
MARTIN, CAROLYN
ADDRESS : 2336 HOLLISTON AVENUE
MORTGAGE AMT: 380,000.00 CITY : ALTADENA CA 91001
LIFETIME RATE : 8.37500
UNPAID BALANCE: 379,763.800 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,888.2880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080225709 MORTGAGORS: MARSHALL, CHARLES
MARSHALL, TAWANA
ADDRESS : 3702 TRAILWOOD DRIVE
MORTGAGE AMT: 274,000.00 CITY : RICHARDSON TX 75082
LIFETIME RATE : 7.50000
UNPAID BALANCE: 273,796.650 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,915.8579.99580 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080225790 MORTGAGORS: CHRISTIANSON, RON W
CHRISTIANSON, VICTORIA E
ADDRESS : 1405 NW 188TH STREET
MORTGAGE AMT: 260,400.00 CITY : SHORELINE WA 98177
LIFETIME RATE : 7.75000
UNPAID BALANCE: 260,216.210 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,865.5480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080225840 MORTGAGORS: PLADIES, ANTHONY
PLADIES, KINDRA
ADDRESS : 14361 BOURGEOIS WAY
MORTGAGE AMT: 265,900.00 CITY : SAN DIEGO CA 92129
LIFETIME RATE : 8.50000
UNPAID BALANCE: 265,738.920 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,044.5494.99821 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080225881 MORTGAGORS: PATENAUDE, DICK
ADDRESS : 20 TWILIGHT LN
MORTGAGE AMT: 265,500.00 CITY : RANCHO SANT CA 92688
LIFETIME RATE : 8.00000
UNPAID BALANCE: 265,321.850 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,948.1590.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080226681 MORTGAGORS: MOELLER, DARRIN
MOELLER, SUSAN
ADDRESS : 14 BERLAMO
MORTGAGE AMT: 268,000.00 CITY : RANCHO SANT CA 92688
LIFETIME RATE : 7.87500
UNPAID BALANCE: 268,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,943.1980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080227481 MORTGAGORS: PAPE, SCOTT
SEGAUD, BARBARA
ADDRESS : 732 MARCO PLACE
MORTGAGE AMT: 300,000.00 CITY : VENICE CA 90291
LIFETIME RATE : 7.87500
UNPAID BALANCE: 299,793.540 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,175.2180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080227549 MORTGAGORS: JOHNSON, MARK
JOHNSON, CINDY
ADDRESS : 3298 NW MASSEY DRIVE
MORTGAGE AMT: 287,000.00 CITY : BEND OR 97702
LIFETIME RATE : 7.37500
UNPAID BALANCE: 286,781.610 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,982.2479.94429 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080227572 MORTGAGORS: SMALLWOOD, JOHN
SMALLWOOD, DOROTHY
ADDRESS : 620 PASEO DE LA CUMA
MORTGAGE AMT: 500,000.00 CITY : Santa Fe NM 87501
LIFETIME RATE : 7.87500
UNPAID BALANCE: 499,655.900 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,625.3570.42000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080227960 MORTGAGORS: JENKINS, WILBERT
JENKINS, NATALIE
ADDRESS : 40 THURSO COURT
MORTGAGE AMT: 284,050.00 CITY : RICHMOND HI GA 31324
LIFETIME RATE : 7.87500
UNPAID BALANCE: 283,854.520 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,059.5695.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080228844 MORTGAGORS: LICKAR, JOANN
ADDRESS : 320 RIVERSHIRE COURT
MORTGAGE AMT: 352,000.00 CITY : LINCOLNSHIR IL 60069
LIFETIME RATE : 7.37500
UNPAID BALANCE: 352,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,431.1880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080229040 MORTGAGORS: Garza, Pedro
GARZA, PETRA
ADDRESS : 8624 Young Lane
MORTGAGE AMT: 317,600.00 CITY : Austin TX 78737
LIFETIME RATE : 7.50000
UNPAID BALANCE: 317,364.290 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,220.7180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080229404 MORTGAGORS: NGUYEN, DUNG
VU, HANG NGA
ADDRESS : 5273 ASPEN STREET
MORTGAGE AMT: 445,200.00 CITY : DUBLIN CA 94568
LIFETIME RATE : 7.75000
UNPAID BALANCE: 444,885.780 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,189.4780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080229438 MORTGAGORS: FAE NOLAN, CYNTHIA
CONNOR, FULTON
ADDRESS : 15551 WINCHESTER BOULEVAR
MORTGAGE AMT: 330,000.00 CITY : MONTE SEREN CA 95030
LIFETIME RATE : 6.87500
UNPAID BALANCE: 329,062.920 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,167.8736.26374 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080230352 MORTGAGORS: GALZERANO, LOUIS
GALZERANO, CAROL
ADDRESS : 156 CHANNELL BUOY RD
MORTGAGE AMT: 287,100.00 CITY : OCEAN CITY MD 21842
LIFETIME RATE : 8.25000
UNPAID BALANCE: 286,916.920 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,156.8990.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080230642 MORTGAGORS: MCPHERSON, GARRY
MCPHERSON, AMY
ADDRESS : 14344 SEABRIDGE LANE
MORTGAGE AMT: 300,000.00 CITY : San Diego CA 92128
LIFETIME RATE : 8.00000
UNPAID BALANCE: 299,798.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,201.3094.64000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080232515 MORTGAGORS: HOROWITZ, SANFORD
HOROWITZ, ELLEN
ADDRESS : 278 OLD SIB ROAD
MORTGAGE AMT: 344,000.00 CITY : RIDGEFIELD CT 06877
LIFETIME RATE : 7.50000
UNPAID BALANCE: 343,744.700 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,405.3080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080232556 MORTGAGORS: ERSPAMER, THOMAS
ERSPAMER, KATHRYN
ADDRESS : 26 VIA HACIENDA
MORTGAGE AMT: 280,700.00 CITY : RANCHO SANT CA 92688
LIFETIME RATE : 7.12500
UNPAID BALANCE: 280,249.720 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,891.1389.99016 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080232606 MORTGAGORS: WOOLRIDGE, JON
WOOLRIDGE, EUSEBIA
ADDRESS : 945 MORELLO HILLS DRIVE
MORTGAGE AMT: 260,400.00 CITY : MARTINEZ CA 94553
LIFETIME RATE : 7.12500
UNPAID BALANCE: 259,982.280 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,754.3779.98992 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080232689 MORTGAGORS: HOLBROOK, PAMELA
BISHOP, JOANNA
ADDRESS : 6880 PENGUIN STREET
MORTGAGE AMT: 247,000.00 CITY : VENTURA CA 93003
LIFETIME RATE : 8.25000
UNPAID BALANCE: 246,683.910 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,855.6395.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080233182 MORTGAGORS: SOLANO, JOSE
ADDRESS : 6770 NORTH KARIN PLACE
MORTGAGE AMT: 384,000.00 CITY : SAN GABRIEL CA 91775
LIFETIME RATE : 8.50000
UNPAID BALANCE: 383,767.370 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,952.6380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.50000 MATURITY DATE:
PRODUCT CODE: 351 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080233257 MORTGAGORS: SALKOFF, JONATHON
HART, BROOKE
ADDRESS : 6022 OAKDALE ROAD
MORTGAGE AMT: 368,000.00 CITY : MC LEAN VA 22101
LIFETIME RATE : 7.62500
UNPAID BALANCE: 367,733.640 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,604.6980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080234032 MORTGAGORS: MIRABILE, SANTO
MIRABILE, ROSA
ADDRESS : 3409 WILLOW TREE LANE
MORTGAGE AMT: 337,050.00 CITY : FALLS CHURC VA 22044
LIFETIME RATE : 7.75000
UNPAID BALANCE: 336,812.110 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,414.6790.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080237084 MORTGAGORS: AMBWANI, PARISA
ADDRESS : 6550 ASCOT DRIVE
MORTGAGE AMT: 240,000.00 CITY : OAKLAND CA 94611
LIFETIME RATE : 8.50000
UNPAID BALANCE: 239,854.600 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,845.4049.48454 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080237142 MORTGAGORS: COTTER, JAMES
COTTER, MARIAN
ADDRESS : 11 HARVARD STREET
MORTGAGE AMT: 274,500.00 CITY : GARDEN CITY NY 11530
LIFETIME RATE : 7.50000
UNPAID BALANCE: 274,500.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,919.3475.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080237167 MORTGAGORS: PAINE, RICHARD
PAINE, CATHLEEN
ADDRESS : 29 OLD BILLERICA RD
MORTGAGE AMT: 475,000.00 CITY : BEDFORD MA 01730
LIFETIME RATE : 7.50000
UNPAID BALANCE: 475,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,321.2760.50955 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080237738 MORTGAGORS: DUPHILY, GERALD
DUPHILY, LINSAY
ADDRESS : 24 WHITE TAIL DRIVE
MORTGAGE AMT: 260,000.00 CITY : CHADDS FORD PA 19317
LIFETIME RATE : 7.37500
UNPAID BALANCE: 259,802.160 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,795.7669.33333 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080238207 MORTGAGORS: WANG, ZHICHENG
KONG, XIN
ADDRESS : 2060 MANDELAY PLACE
MORTGAGE AMT: 304,000.00 CITY : SAN JOSE CA 95138
LIFETIME RATE : 7.50000
UNPAID BALANCE: 303,547.350 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,125.6252.05479 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080238280 MORTGAGORS: DINH, LONG
VU, CAMTU
ADDRESS : 38581 WILDE TERRACE
MORTGAGE AMT: 260,550.00 CITY : FREMONT CA 94536
LIFETIME RATE : 7.50000
UNPAID BALANCE: 260,162.050 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,821.8179.99325 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080238322 MORTGAGORS: RAMIREZ, HILDA
ADDRESS : 2066 MANDELAY PLACE
MORTGAGE AMT: 400,000.00 CITY : SAN JOSE CA 95138
LIFETIME RATE : 7.87500
UNPAID BALANCE: 399,447.630 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,900.2872.23307 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080238363 MORTGAGORS: ASBURY, JOHN
ASBURY, CELESTE
ADDRESS : 23528 GREEN GLEN ROAD
MORTGAGE AMT: 247,550.00 CITY : RAMONA CA 92065
LIFETIME RATE : 7.50000
UNPAID BALANCE: 247,181.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,730.9194.92312 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080238389 MORTGAGORS: KARIMZAD, SAEID
TAVAKOLY, FERESHTEH
ADDRESS : 2011 MANDELAY PLACE
MORTGAGE AMT: 497,450.00 CITY : SAN JOSE CA 95138
LIFETIME RATE : 7.12500
UNPAID BALANCE: 496,652.020 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,351.4279.99376 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080238397 MORTGAGORS: NADENDLA, NAGARAJ
NADENDLA, MADHAVI
ADDRESS : 2035 MANDELAY PLACE
MORTGAGE AMT: 483,400.00 CITY : SAN JOSE CA 95138
LIFETIME RATE : 7.50000
UNPAID BALANCE: 482,680.240 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,380.0179.99219 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080238579 MORTGAGORS: KLEPNER, JERRY
HUBBARD, KARETTA
ADDRESS : MOUNTAIN ROAD
MORTGAGE AMT: 269,250.00 CITY : HARPSWELL ME 04530
LIFETIME RATE : 8.37500
UNPAID BALANCE: 269,082.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,046.5075.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080238595 MORTGAGORS: LE, QUYEN
LE, JUDY
ADDRESS : 818 STREAMVIEW STREET
MORTGAGE AMT: 260,000.00 CITY : WALNUT CA 91789
LIFETIME RATE : 7.37500
UNPAID BALANCE: 259,802.160 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,795.7661.90476 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080238603 MORTGAGORS: INGRAM, DAVID
INGRAM, MICHELE
ADDRESS : 100 ARDSLEY RUN
MORTGAGE AMT: 266,350.00 CITY : CANTON GA 30115
LIFETIME RATE : 7.87500
UNPAID BALANCE: 266,350.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,931.2379.99075 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080238645 MORTGAGORS: WRIGHT, RYAN
WRIGHT, KRISTINE
ADDRESS : 867 BERNARD DRIVE
MORTGAGE AMT: 261,250.00 CITY : FULLERTON CA 92832
LIFETIME RATE : 8.25000
UNPAID BALANCE: 261,083.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,962.6895.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080238678 MORTGAGORS: RAMIREZ, MARIO
HERNANDEZ, RACHEL RAMIREZ, VICENTE
ADDRESS : 15816 VIA SECO
MORTGAGE AMT: 251,750.00 CITY : SAN LORENZO CA 94580
LIFETIME RATE : 8.25000
UNPAID BALANCE: 251,589.470 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,891.3195.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080238868 MORTGAGORS: THORNTON, PEARL
ADDRESS : 203 LOS ALAMOS DR
MORTGAGE AMT: 133,000.00 CITY : SAN DIEGO CA 92114
LIFETIME RATE : 8.37500
UNPAID BALANCE: 131,652.110 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,010.9093.00699 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239007 MORTGAGORS: WOOD, WILLIAM
ADDRESS : 3810 MONTROSE RD
MORTGAGE AMT: 650,000.00 CITY : BIRMINGHAM AL 35213
LIFETIME RATE : 6.87500
UNPAID BALANCE: 648,904.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,270.0453.06000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239015 MORTGAGORS: UJEVIC, NEVEN
ADDRESS : 1113 NORTHWIND DR.
MORTGAGE AMT: 324,000.00 CITY : RESTON VA 22094
LIFETIME RATE : 7.25000
UNPAID BALANCE: 323,492.970 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,210.2580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239031 MORTGAGORS: BRAND, DAVID
ADDRESS : 1094 LOVE CT
MORTGAGE AMT: 258,500.00 CITY : BOULDER CO 80303
LIFETIME RATE : 6.87500
UNPAID BALANCE: 258,064.420 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,698.1659.63000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239049 MORTGAGORS: MAUCK, ANDREW
CROWLEY MAUCK, ANNE
ADDRESS : 7111 UNIVERSITY DRIVE
MORTGAGE AMT: 300,800.00 CITY : RICHMOND VA 23229
LIFETIME RATE : 6.75000
UNPAID BALANCE: 300,280.580 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,950.9880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239056 MORTGAGORS: ABUSHANAB, AMER
ADDRESS : 19216 NORTH 54TH LANE
MORTGAGE AMT: 145,400.00 CITY : GLENDALE AZ 85308
LIFETIME RATE : 7.25000
UNPAID BALANCE: 145,172.470 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 991.8879.95000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239080 MORTGAGORS: LEDEEN, KENNETH
ADDRESS : 95 COPPERMINE RD
MORTGAGE AMT: 500,000.00 CITY : CONCORD MA 01792
LIFETIME RATE : 7.00000
UNPAID BALANCE: 499,177.930 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,326.5162.50000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239098 MORTGAGORS: BATTLE, TOM
ADDRESS : 867 CARIBOU CR
MORTGAGE AMT: 265,000.00 CITY : MONUMENT CO 80132
LIFETIME RATE : 7.12500
UNPAID BALANCE: 264,574.920 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,785.3578.64000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239106 MORTGAGORS: STROM, JOHN
ADDRESS : 7146 BURGUNDY DR
MORTGAGE AMT: 268,000.00 CITY : NIWOT CO 80503
LIFETIME RATE : 7.37500
UNPAID BALANCE: 267,590.890 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,851.0180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239114 MORTGAGORS: RICH, CHRISTOPHER
ADDRESS : 28 SOUTH RIVER STREET
MORTGAGE AMT: 500,000.00 CITY : WELLESLEY MA 02482
LIFETIME RATE : 7.25000
UNPAID BALANCE: 499,217.550 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,410.8873.53000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239122 MORTGAGORS: ADAMS, JASON
ADDRESS : 1612 E KAEL ST
MORTGAGE AMT: 218,700.00 CITY : MESA AZ 85203
LIFETIME RATE : 7.75000
UNPAID BALANCE: 218,390.300 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,566.7980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239130 MORTGAGORS: SODERLUND, LYNDA
ADDRESS : 37072 N. STANTON POINT RO
MORTGAGE AMT: 259,000.00 CITY : INGLESIDE IL 60041
LIFETIME RATE : 7.25000
UNPAID BALANCE: 258,594.680 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,766.8486.62000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239148 MORTGAGORS: CHRISAGIS, JOHN
ADDRESS : 7691 S. ASH AVE.
MORTGAGE AMT: 300,000.00 CITY : TEMPE AZ 85284
LIFETIME RATE : 7.37500
UNPAID BALANCE: 299,542.040 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,072.0388.36000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239171 MORTGAGORS: VALLEY, JOHN
ADDRESS : 4935 N CAMINO ESPLENDORA
MORTGAGE AMT: 314,000.00 CITY : TUCSON AZ 85718
LIFETIME RATE : 7.37500
UNPAID BALANCE: 313,520.670 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,168.7280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239189 MORTGAGORS: PATTON, JAMES
ADDRESS : 4207 TENTH ST
MORTGAGE AMT: 500,000.00 CITY : ST SIMONS ISLAND GA 31522
LIFETIME RATE : 7.25000
UNPAID BALANCE: 499,217.550 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,410.8879.37000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239197 MORTGAGORS: MERICA, JO ANN
ADDRESS : 3708 MEREDITH ST
MORTGAGE AMT: 287,600.00 CITY : AUSTIN TX 78703
LIFETIME RATE : 7.50000
UNPAID BALANCE: 287,171.790 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,010.9489.88000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239205 MORTGAGORS: MORAN, NANCY
ADDRESS : 19633 SILVER RANCH RD
MORTGAGE AMT: 153,000.00 CITY : CONIFER CO 80433
LIFETIME RATE : 7.50000
UNPAID BALANCE: 152,772.190 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,069.8068.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239221 MORTGAGORS: BORTLE, CATHERINE
ADDRESS : 9687 KEMPER DR
MORTGAGE AMT: 261,200.00 CITY : LONE TREE CO 80124
LIFETIME RATE : 7.75000
UNPAID BALANCE: 260,830.110 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,871.2758.04000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239239 MORTGAGORS: GOSKIE, ANTHONY
ADDRESS : 3046 NORTH SAWYER
MORTGAGE AMT: 276,000.00 CITY : CHICAGO IL 60618
LIFETIME RATE : 7.50000
UNPAID BALANCE: 275,589.060 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,929.8380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239247 MORTGAGORS: GALAVIZ, PHILIP
ADDRESS : 2745 NORTHWICKE DRIVE
MORTGAGE AMT: 252,800.00 CITY : BUFORD GA 30519
LIFETIME RATE : 7.12500
UNPAID BALANCE: 252,189.910 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,703.1680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239254 MORTGAGORS: COLLINS, RANDY
ADDRESS : 5547 W MELINDA LN
MORTGAGE AMT: 267,920.00 CITY : GLENDALE AZ 85308
LIFETIME RATE : 7.25000
UNPAID BALANCE: 267,500.720 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,827.6980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239262 MORTGAGORS: COLE, PETER
ADDRESS : 4585 WINDSOR PARK PLACE
MORTGAGE AMT: 264,350.00 CITY : ATLANTA GA 30342
LIFETIME RATE : 7.62500
UNPAID BALANCE: 263,966.130 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,871.0574.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239312 MORTGAGORS: CATUZZA, ROMAN
ADDRESS : 4611 CLAY PEAK DRIVE
MORTGAGE AMT: 290,000.00 CITY : LAS VEGAS NV 89129
LIFETIME RATE : 7.75000
UNPAID BALANCE: 289,381.970 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,077.6076.32000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239346 MORTGAGORS: GIAMMARCO, JOSEPH
ADDRESS : 41643 CHILTERN DR
MORTGAGE AMT: 470,400.00 CITY : FREMONT CA 94539
LIFETIME RATE : 6.87500
UNPAID BALANCE: 469,207.630 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,090.1980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239379 MORTGAGORS: KHAN, MUZAMIL
ADDRESS : 436 OLD DOVER RD
MORTGAGE AMT: 294,300.00 CITY : WOODBRIDGE NJ 07095
LIFETIME RATE : 7.50000
UNPAID BALANCE: 293,861.810 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,057.7974.98000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239395 MORTGAGORS: CINCOTTA, MARK
ADDRESS : 2760 E. SUMA DR.
MORTGAGE AMT: 281,600.00 CITY : SIERRA VISTA AZ 85635
LIFETIME RATE : 7.00000
UNPAID BALANCE: 280,432.340 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,873.4986.65000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 04/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239429 MORTGAGORS: KILNER, JOSEPH
ADDRESS : 10245 ROYAL ST. ANDREWS P
MORTGAGE AMT: 293,550.00 CITY : IJAMSVILLE MD 21754
LIFETIME RATE : 7.75000
UNPAID BALANCE: 293,134.290 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,103.0395.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239460 MORTGAGORS: GIBB, DIANE
ADDRESS : 1208 B HARWOOD COURT
MORTGAGE AMT: 54,900.00 CITY : MT. LAUREL NJ 08054
LIFETIME RATE : 7.25000
UNPAID BALANCE: 54,770.760 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 374.5161.07000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239478 MORTGAGORS: SUPNICK, NATHAN
ADDRESS : 288 HARTFORD ROAD
MORTGAGE AMT: 350,000.00 CITY : MEDFORD NJ 08055
LIFETIME RATE : 7.25000
UNPAID BALANCE: 349,452.270 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,387.6270.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239486 MORTGAGORS: JOHNSON, BRIAN
ADDRESS : 11038 DORSCH FARM RD
MORTGAGE AMT: 318,850.00 CITY : ELLICOTT CITY MD 21042
LIFETIME RATE : 7.25000
UNPAID BALANCE: 318,099.280 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,175.1280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239494 MORTGAGORS: PARISI, THOMAS
ADDRESS : 366 HARWIN DRIVE
MORTGAGE AMT: 209,600.00 CITY : SEVERNA PARK MD 21146
LIFETIME RATE : 7.12500
UNPAID BALANCE: 209,263.780 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,412.1180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239510 MORTGAGORS: BURNS, THOMAS
ADDRESS : 16869 KEHSDALE DRIVE
MORTGAGE AMT: 286,500.00 CITY : CHESTERFIELD MO 63005
LIFETIME RATE : 7.12500
UNPAID BALANCE: 285,340.770 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,930.2068.05000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 04/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239528 MORTGAGORS: WILSON, FLOYD
ADDRESS : 4002 RAWLINS STREET
MORTGAGE AMT: 296,000.00 CITY : DALLAS TX 75219
LIFETIME RATE : 7.25000
UNPAID BALANCE: 295,303.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,019.2480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239536 MORTGAGORS: FURNISH, JOHN
ADDRESS : 5304 S HAMPTON ESTATES
MORTGAGE AMT: 300,000.00 CITY : HOUSTON TX 77005
LIFETIME RATE : 7.00000
UNPAID BALANCE: 299,506.750 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,995.9180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239569 MORTGAGORS: VAN HORN, CHERYL
ADDRESS : 3728 WATERVIEW DR
MORTGAGE AMT: 456,000.00 CITY : OCEAN CITY NJ 08226
LIFETIME RATE : 6.50000
UNPAID BALANCE: 455,173.310 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,882.2380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239577 MORTGAGORS: JENSEN, ALLEN
ADDRESS : 1045 31ST ST NW #503
MORTGAGE AMT: 301,500.00 CITY : WASHINGTON DC 20007
LIFETIME RATE : 7.12500
UNPAID BALANCE: 300,526.960 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,031.2690.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239585 MORTGAGORS: GURLEY, JAMES
ADDRESS : 3245 BRIGHTWOOD PL
MORTGAGE AMT: 296,000.00 CITY : ROANOKE VA 24014
LIFETIME RATE : 6.87500
UNPAID BALANCE: 295,501.220 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,944.5180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239593 MORTGAGORS: STRADELLA, LINDA
ADDRESS : 1299B VALLEY RD
MORTGAGE AMT: 72,800.00 CITY : WAYNE NJ 07470
LIFETIME RATE : 7.50000
UNPAID BALANCE: 72,691.600 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 509.0380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239601 MORTGAGORS: KUCZOR, RANDAL
ADDRESS : 1337 10TH ST NW
MORTGAGE AMT: 313,600.00 CITY : WASHINGTON DC 20001
LIFETIME RATE : 7.25000
UNPAID BALANCE: 313,109.260 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,139.3080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239619 MORTGAGORS: INGERSOLL, H
ADDRESS : 285 WOODLAND RD
MORTGAGE AMT: 350,000.00 CITY : STRAFFORD PA 19087
LIFETIME RATE : 7.12500
UNPAID BALANCE: 349,438.570 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,358.0172.89000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239627 MORTGAGORS: DRUMMOND, TAMMEY
ADDRESS : 3307 SPRIGGS REQUEST WAY
MORTGAGE AMT: 251,750.00 CITY : MITCHELLVILLE MD 20721
LIFETIME RATE : 7.00000
UNPAID BALANCE: 251,336.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,674.9095.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239635 MORTGAGORS: COLE, DAN
ADDRESS : 8460 TRUXTON AVE
MORTGAGE AMT: 337,950.00 CITY : LOS ANGELES CA 90045
LIFETIME RATE : 7.75000
UNPAID BALANCE: 337,471.400 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,421.1290.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239643 MORTGAGORS: SAYADA, DONNA
ADDRESS : 5353 WESTPATH WAY
MORTGAGE AMT: 300,000.00 CITY : BETHESDA MD 20816
LIFETIME RATE : 7.12500
UNPAID BALANCE: 299,518.760 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,021.1636.36000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239676 MORTGAGORS: THORNTON, ROBERT
ADDRESS : 203 PAULINE CT
MORTGAGE AMT: 267,150.00 CITY : ARNOLD MD 21012
LIFETIME RATE : 6.75000
UNPAID BALANCE: 266,688.680 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,732.7379.75000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239692 MORTGAGORS: MITTERMEYER, ANN
ADDRESS : 1202 SUMMIT AVE
MORTGAGE AMT: 258,700.00 CITY : ALEXANDRIA VA 22302
LIFETIME RATE : 6.87500
UNPAID BALANCE: 258,264.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,699.4779.60000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239700 MORTGAGORS: ALLEN, JEAN
ADDRESS : 918 ROSALIE WAY
MORTGAGE AMT: 45,000.00 CITY : SALISBURY MD 21804
LIFETIME RATE : 7.50000
UNPAID BALANCE: 44,932.990 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 314.6540.59000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239718 MORTGAGORS: TUNG, BRYAN
ADDRESS : 6309 KIRBY RD
MORTGAGE AMT: 280,400.00 CITY : BETHESDA MD 20817
LIFETIME RATE : 6.62500
UNPAID BALANCE: 279,903.860 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,795.4380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239726 MORTGAGORS: HALPERN, SCOTT
ADDRESS : 140 ALSTON AVE
MORTGAGE AMT: 448,000.00 CITY : NEW HAVEN CT 06515
LIFETIME RATE : 7.37500
UNPAID BALANCE: 447,316.130 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,094.2280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239734 MORTGAGORS: KIRCHER, CHRISTOPHER
ADDRESS : 1826 HYMAN LN
MORTGAGE AMT: 171,900.00 CITY : CROFTON MD 21114
LIFETIME RATE : 7.00000
UNPAID BALANCE: 171,617.380 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,143.6579.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239759 MORTGAGORS: BROWN, KEVIN
ADDRESS : 8545 N CR 175 E
MORTGAGE AMT: 275,000.00 CITY : SPRINGPORT IN 47386
LIFETIME RATE : 7.62500
UNPAID BALANCE: 274,600.670 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,946.4342.31000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239767 MORTGAGORS: LODGE, JANIS
ADDRESS : 7608 E CORVA DRIVE
MORTGAGE AMT: 157,000.00 CITY : SCOTTSDALE AZ 85262
LIFETIME RATE : 7.75000
UNPAID BALANCE: 156,777.660 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,124.7779.98000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239775 MORTGAGORS: GASIOR, THOMAS
ADDRESS : 11 ARBOR CT
MORTGAGE AMT: 327,250.00 CITY : IRWIN PA 15642
LIFETIME RATE : 7.50000
UNPAID BALANCE: 326,762.740 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,288.1885.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239783 MORTGAGORS: HOWE, CHARLES
ADDRESS : 3405 HORSESHOE BEND
MORTGAGE AMT: 252,000.00 CITY : RALEIGH NC 27612
LIFETIME RATE : 7.00000
UNPAID BALANCE: 251,585.680 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,676.5680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239809 MORTGAGORS: FOOSANER, DAVID
FOOSANER, AMY
ADDRESS : 1195 SOMERSET AVENUE
MORTGAGE AMT: 337,500.00 CITY : DEERFIELD IL 60015
LIFETIME RATE : 7.12500
UNPAID BALANCE: 336,958.610 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,273.8075.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239817 MORTGAGORS: DEEM, PETER
DEEM, DEBORAH
ADDRESS : 4511 CHRISTENSEN CIR
MORTGAGE AMT: 300,000.00 CITY : LITTLETON CO 80123
LIFETIME RATE : 7.37500
UNPAID BALANCE: 299,542.040 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,072.0372.29000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239833 MORTGAGORS: STICK, MICHAEL
BRASELTON, DEBRA
ADDRESS : 616 E HICKORY
MORTGAGE AMT: 400,000.00 CITY : HINSDALE IL 60521
LIFETIME RATE : 7.12500
UNPAID BALANCE: 399,034.680 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,694.8768.97000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239866 MORTGAGORS: SAPP, BRIAN
SAPP, LEIGH
ADDRESS : 644 ANGELO AVENUE
MORTGAGE AMT: 292,500.00 CITY : GURNEE IL 60031
LIFETIME RATE : 7.25000
UNPAID BALANCE: 292,042.260 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,995.3790.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239874 MORTGAGORS: GORDON, WILLIAM
GORDON, JULIE
ADDRESS : 158 OAKMONT DRIVE
MORTGAGE AMT: 275,000.00 CITY : MOORESTOWN NJ 08057
LIFETIME RATE : 7.00000
UNPAID BALANCE: 274,547.860 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,829.5862.03000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239882 MORTGAGORS: BERTINI, JAMES
BERTINI, SHARON
ADDRESS : 1621 NEWTON AVE
MORTGAGE AMT: 285,000.00 CITY : PARK RIDGE IL 60000
LIFETIME RATE : 7.25000
UNPAID BALANCE: 284,554.010 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,944.2055.86000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239890 MORTGAGORS: YESHA, YAACOV
YESHA, YELENA
ADDRESS : 8972 FURROW AVE
MORTGAGE AMT: 500,000.00 CITY : ELLICOTT CITY MD 21042
LIFETIME RATE : 7.00000
UNPAID BALANCE: 499,177.930 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,326.5175.76000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239908 MORTGAGORS: LEFCO, BRUCE
LEFCO, JOYCE
ADDRESS : 8645 NORTH DEAN CIRCLE
MORTGAGE AMT: 525,000.00 CITY : RIVER HILLS WI 53217
LIFETIME RATE : 7.37500
UNPAID BALANCE: 524,198.590 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,626.0475.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239916 MORTGAGORS: NAJIM, SAMUEL
NAJIM, NANCY
ADDRESS : 10415 HIGH FALLS CIR
MORTGAGE AMT: 367,400.00 CITY : ALPHARETTA GA 30022
LIFETIME RATE : 6.75000
UNPAID BALANCE: 366,445.690 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,382.9578.61000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239924 MORTGAGORS: THUMAN, BERNARD
THUMAN, VIRGINIA
ADDRESS : 1701 HUNT MEADOW DR
MORTGAGE AMT: 255,900.00 CITY : ANNAPOLIS MD 21403
LIFETIME RATE : 7.25000
UNPAID BALANCE: 255,499.540 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,745.6979.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239932 MORTGAGORS: WOOD, KENNETH
WOOD, DIANE
ADDRESS : 6914 ST. VRAIN ROAD
MORTGAGE AMT: 551,200.00 CITY : LONGMONT CO 80503
LIFETIME RATE : 7.25000
UNPAID BALANCE: 550,337.420 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,760.1679.77000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239940 MORTGAGORS: MARCIANO, JOSEPH
MARCIANO, VALERIE
ADDRESS : 211 E STATE AVE
MORTGAGE AMT: 285,000.00 CITY : PHOENIX AZ 85020
LIFETIME RATE : 7.00000
UNPAID BALANCE: 284,531.420 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,896.1176.32000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239957 MORTGAGORS: CALHOUN, CATHERINE
CALHOUN, ELIZABETH
ADDRESS : 2342 W ERIE STREET
MORTGAGE AMT: 378,000.00 CITY : CHICAGO IL 60612
LIFETIME RATE : 7.37500
UNPAID BALANCE: 377,422.990 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,610.7590.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239973 MORTGAGORS: VAN CURA, JAMES
VAN CURA, CATHERINE
ADDRESS : 320 SOUTH HELENA AVENUE
MORTGAGE AMT: 360,000.00 CITY : ARLINGTON HEIGHTS IL 60005
LIFETIME RATE : 7.00000
UNPAID BALANCE: 359,109.560 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,395.0980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239981 MORTGAGORS: KOLET, JOHN
KOLET, CATHERINE
ADDRESS : 24 HAWKINS CIRCLE
MORTGAGE AMT: 250,000.00 CITY : WHEATON IL 60187
LIFETIME RATE : 7.25000
UNPAID BALANCE: 249,608.780 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,705.4462.11000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080239999 MORTGAGORS: BROWN, EMERY
ANDRADAS, VIRGINIA
ADDRESS : 34 FRANCIS ST UNIT 34
MORTGAGE AMT: 339,000.00 CITY : BROOKLINE MA 02146
LIFETIME RATE : 7.12500
UNPAID BALANCE: 338,177.030 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,423.0848.43000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/24
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240013 MORTGAGORS: LEDERER, JAMES
LEDERER, AMY
ADDRESS : 755 RIDGE RD
MORTGAGE AMT: 296,000.00 CITY : HIGHLAND PARK IL 60035
LIFETIME RATE : 7.12500
UNPAID BALANCE: 295,525.170 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,994.2180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240021 MORTGAGORS: JOHNSON, GORDON
JOHNSON, SHIRLEY
ADDRESS : 4564 POLO LANE
MORTGAGE AMT: 612,000.00 CITY : ATLANTA GA 30339
LIFETIME RATE : 6.87500
UNPAID BALANCE: 610,448.690 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,020.4080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240039 MORTGAGORS: ELLIS, GREGORY
ELLIS, MARGARET
ADDRESS : 5 MONTEVALLO TERR
MORTGAGE AMT: 284,750.00 CITY : BIRMINGHAM AL 35213
LIFETIME RATE : 7.00000
UNPAID BALANCE: 284,281.820 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,894.4585.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240047 MORTGAGORS: MICHAEL, THOMAS
MICHAEL, LISA
ADDRESS : 11 WOODBROOK DR
MORTGAGE AMT: 320,000.00 CITY : PITTSBURGH PA 15215
LIFETIME RATE : 6.62500
UNPAID BALANCE: 319,433.780 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,049.0075.56000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240054 MORTGAGORS: SHAPIRO, DAVID
SHAPIRO, JANE
ADDRESS : 1123 RIDGE AVE
MORTGAGE AMT: 400,000.00 CITY : EVANSTON IL 60202
LIFETIME RATE : 7.12500
UNPAID BALANCE: 399,034.680 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,694.8742.11000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240062 MORTGAGORS: SHULL, TIMOTHY
WEBER, KATHRYN
ADDRESS : 2917 OLD TRAFFORD WAY
MORTGAGE AMT: 243,900.00 CITY : RALEIGH NC 27606
LIFETIME RATE : 7.25000
UNPAID BALANCE: 243,325.740 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,663.8379.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240070 MORTGAGORS: BOBBITT, JAMES
BOBBITT, LUDIE
ADDRESS : 7554 PINEHURST DRIVE
MORTGAGE AMT: 500,000.00 CITY : CINCINNATI OH 45244
LIFETIME RATE : 7.00000
UNPAID BALANCE: 498,763.290 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,326.5179.11000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240088 MORTGAGORS: STONE, FREDERICK
STONE, ELLEN
ADDRESS : 55 PAGE FARM RD
MORTGAGE AMT: 312,000.00 CITY : SHERBORN MA 01770
LIFETIME RATE : 6.62500
UNPAID BALANCE: 311,447.940 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,997.7767.83000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240096 MORTGAGORS: CICCHINELLI, DAVID
CICCHINELLI, LISA
ADDRESS : 877 BRIXHAM PL
MORTGAGE AMT: 280,000.00 CITY : CASTLE ROCK CO 80104
LIFETIME RATE : 7.25000
UNPAID BALANCE: 279,561.840 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,910.0980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240104 MORTGAGORS: JOHNSON, ARLISS
JOHNSON, GLADYS
ADDRESS : 13275 W FOXWOOD DR
MORTGAGE AMT: 161,200.00 CITY : NEW BERLIN WI 53151
LIFETIME RATE : 7.50000
UNPAID BALANCE: 160,838.860 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,127.1374.98000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240112 MORTGAGORS: LEVIN, EARL
LEVIN, RACHEL
ADDRESS : 3613 RADCLIFFE DR
MORTGAGE AMT: 304,000.00 CITY : NORTHBROOK IL 60062
LIFETIME RATE : 7.25000
UNPAID BALANCE: 303,524.260 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,073.8280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240120 MORTGAGORS: STONE, MICHAEL
STONE, SHELLEY
ADDRESS : 821 HIGHLAND PLACE
MORTGAGE AMT: 375,000.00 CITY : HIGHLAND PARK IL 60035
LIFETIME RATE : 7.00000
UNPAID BALANCE: 374,383.450 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,494.8870.09000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240153 MORTGAGORS: BARTECKI, RICHARD
BARTECKI, HOLLY
ADDRESS : 6524 W HYACINTH AVE
MORTGAGE AMT: 258,750.00 CITY : CHICAGO IL 60646
LIFETIME RATE : 7.12500
UNPAID BALANCE: 258,334.930 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,743.2590.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240161 MORTGAGORS: COOK, JAMES
COOK, CATHERINE
ADDRESS : 2272 MARINER DR
MORTGAGE AMT: 337,000.00 CITY : LONGMONT CO 80503
LIFETIME RATE : 6.87500
UNPAID BALANCE: 336,145.770 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,213.8556.17000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240179 MORTGAGORS: POSTLETHWAIT, RICHARD
POSTLETHWAIT, MARIA
ADDRESS : 1016 COOK ST
MORTGAGE AMT: 264,000.00 CITY : BARRINGTON IL 60010
LIFETIME RATE : 6.87500
UNPAID BALANCE: 263,555.150 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,734.2980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240187 MORTGAGORS: NARAYANAN, SUKUMAR
EAST, KAREN
ADDRESS : 279 TROTWOOD DRIVE
MORTGAGE AMT: 334,400.00 CITY : PITTSBURGH PA 15241
LIFETIME RATE : 7.12500
UNPAID BALANCE: 333,863.590 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,252.9180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240195 MORTGAGORS: KORMIS, ROBERT
FERGUSON, MARGARET
ADDRESS : 6 DEEP DENE WAY
MORTGAGE AMT: 266,000.00 CITY : DEDHAM MA 02026
LIFETIME RATE : 7.25000
UNPAID BALANCE: 265,583.730 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,814.5959.91000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240203 MORTGAGORS: WHITFORD, THEODORE
WHITFORD, CAROLYN
ADDRESS : 7023 OAKPARK DR
MORTGAGE AMT: 332,800.00 CITY : GIBSONIA PA 15044
LIFETIME RATE : 6.87500
UNPAID BALANCE: 332,239.210 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,186.2690.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240229 MORTGAGORS: CORLEY, PAUL
CORLEY, CARLA
ADDRESS : 5040 EVES PL
MORTGAGE AMT: 307,000.00 CITY : ROSWELL GA 30076
LIFETIME RATE : 7.00000
UNPAID BALANCE: 306,495.240 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,042.4878.32000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240245 MORTGAGORS: FRANKENFELD, ROBERT
FRANKENFELD, MARIA
ADDRESS : 6737 MEADOW LAKE AVENUE
MORTGAGE AMT: 315,600.00 CITY : DALLAS TX 75214
LIFETIME RATE : 7.62500
UNPAID BALANCE: 315,141.700 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,233.8075.94000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240252 MORTGAGORS: HOULIHAN, MICHAEL
HOULIHAN, JANE
ADDRESS : 3703 INVERNESS DR
MORTGAGE AMT: 318,000.00 CITY : CHEVY CHASE MD 20815
LIFETIME RATE : 7.00000
UNPAID BALANCE: 317,477.160 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,115.6679.10000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240260 MORTGAGORS: DZAKOVICH, JOHN
DZAKOVICH, ANGELA
ADDRESS : 2336 WOODLAWN ROAD
MORTGAGE AMT: 325,000.00 CITY : NORTHBROOK IL 60062
LIFETIME RATE : 7.12500
UNPAID BALANCE: 324,478.650 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,189.5939.16000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240278 MORTGAGORS: LIMERI, CAROLYN
LIMERI, ANDREW
ADDRESS : 29 DARTMOUTH DRIVE
MORTGAGE AMT: 292,000.00 CITY : FRAMINGHAM MA 01701
LIFETIME RATE : 7.50000
UNPAID BALANCE: 291,565.230 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,041.7180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240286 MORTGAGORS: LYONS, RICHARD
LYONS, RENEE
ADDRESS : 2229 DONELGAL DR.
MORTGAGE AMT: 372,000.00 CITY : DARIEN IL 60561
LIFETIME RATE : 7.25000
UNPAID BALANCE: 371,124.130 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,537.7078.32000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240294 MORTGAGORS: VINTON, MIRIAM
VINTON, JOHN
ADDRESS : 7884 LAKESHORE COURT
MORTGAGE AMT: 269,200.00 CITY : PARKER CO 80134
LIFETIME RATE : 6.87500
UNPAID BALANCE: 268,746.390 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,768.4580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240302 MORTGAGORS: KUSHWAHA, SUDHIR
KUSHWAHA, KAY
ADDRESS : 207 WYNDHAM DRIVE
MORTGAGE AMT: 333,600.00 CITY : CHAPEL HILL NC 27516
LIFETIME RATE : 6.87500
UNPAID BALANCE: 333,037.870 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,191.5184.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240310 MORTGAGORS: GRAHAM, RALPH
GRAHAM, SHARON
ADDRESS : 2995 E. MANZANITA RIDGE P
MORTGAGE AMT: 374,400.00 CITY : TUCSON AZ 85718
LIFETIME RATE : 6.62500
UNPAID BALANCE: 373,737.540 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,397.3280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240328 MORTGAGORS: KRANES, JONATHAN
KERR, CATHERINE
ADDRESS : 18 HILL STREET
MORTGAGE AMT: 287,000.00 CITY : WATERTOWN MA 02472
LIFETIME RATE : 7.25000
UNPAID BALANCE: 286,550.870 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,957.8579.28000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240336 MORTGAGORS: BRUNING, WILLIAM
BRUNING, JUDITH
ADDRESS : 301 S ALEXANDER AVE
MORTGAGE AMT: 290,000.00 CITY : WASHINGTON GA 30673
LIFETIME RATE : 7.00000
UNPAID BALANCE: 289,523.190 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,929.3887.09000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240344 MORTGAGORS: DUNCAN, GREGORY
DUNCAN, MALIA
ADDRESS : 1046 HUNTERS PATH
MORTGAGE AMT: 316,000.00 CITY : LANCASTER PA 17601
LIFETIME RATE : 7.37500
UNPAID BALANCE: 315,517.630 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,182.5380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240351 MORTGAGORS: HUGHES, RICHARD
HUGHS, DIAN
ADDRESS : 949 GLENANGUS DRIVE
MORTGAGE AMT: 291,000.00 CITY : BEL AIR MD 21015
LIFETIME RATE : 7.00000
UNPAID BALANCE: 290,521.550 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,936.0366.14000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240369 MORTGAGORS: GREGORIO, MICHAEL
GREGORIO, KAREN
ADDRESS : 452 MEADOW DRIVE
MORTGAGE AMT: 460,000.00 CITY : PINE CO 80470
LIFETIME RATE : 7.12500
UNPAID BALANCE: 458,889.860 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,099.1176.67000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240377 MORTGAGORS: GAMBILL, MARK
GAMBILL, CAROLYN
ADDRESS : 8612 E SAN LUCAS DRIVE
MORTGAGE AMT: 250,600.00 CITY : SCOTTSDALE AZ 85258
LIFETIME RATE : 7.37500
UNPAID BALANCE: 250,217.460 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,730.8370.20000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240385 MORTGAGORS: HILAND, JEFFERY
ANDERSON, PAMELA
ADDRESS : 25625 ARROWHEAD DR
MORTGAGE AMT: 263,250.00 CITY : MUNDELEIN IL 60060
LIFETIME RATE : 7.12500
UNPAID BALANCE: 262,827.730 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,773.5690.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240393 MORTGAGORS: WILSTED, W.
WILSTED, LEANNE
ADDRESS : 7378 AUGUSTA DRIVE
MORTGAGE AMT: 265,000.00 CITY : BOULDER CO 80301
LIFETIME RATE : 7.25000
UNPAID BALANCE: 264,585.290 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,807.7760.23000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240401 MORTGAGORS: JONES, CHARLES
JONES, CHRISTINA
ADDRESS : 340 CHANCELLORS PARK
MORTGAGE AMT: 237,000.00 CITY : SIMPSONVILLE SC 29681
LIFETIME RATE : 7.25000
UNPAID BALANCE: 236,629.120 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,616.7660.77000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240419 MORTGAGORS: GREENMAN, STEVEN
GREENMAN, SUSAN
ADDRESS : 9627 NORTH LAMPLIGHTER LA
MORTGAGE AMT: 285,000.00 CITY : MEQUON WI 53092
LIFETIME RATE : 7.37500
UNPAID BALANCE: 284,564.950 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,968.4273.83000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240427 MORTGAGORS: ZILSKE, ROBERT
ZILSKE, JEANNE
ADDRESS : 2730 WYNFIELD LANE
MORTGAGE AMT: 336,000.00 CITY : BROOKFIELD WI 53045
LIFETIME RATE : 7.37500
UNPAID BALANCE: 335,487.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,320.6780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240435 MORTGAGORS: QUIRK, JOHN
QUIRK, KATHIE
ADDRESS : 3281 S HIGHPOINTE DR
MORTGAGE AMT: 258,400.00 CITY : NEW BERLIN WI 53151
LIFETIME RATE : 7.25000
UNPAID BALANCE: 257,995.640 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,762.7480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240443 MORTGAGORS: REIZEN, RICHARD
REIZEN, LINDA
ADDRESS : 5549 N WAYNE AVE
MORTGAGE AMT: 327,500.00 CITY : CHICAGO IL 60640
LIFETIME RATE : 7.50000
UNPAID BALANCE: 327,012.380 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,289.9361.21000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240468 MORTGAGORS: STROTMAN, GEOFFREY
STROTMAN, SUSANNE
ADDRESS : 841 S. FAIRVIEW AVENUE
MORTGAGE AMT: 282,400.00 CITY : PARK RIDGE IL 60068
LIFETIME RATE : 7.37500
UNPAID BALANCE: 281,968.900 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,950.4780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240476 MORTGAGORS: HEDMAN, BRIAN
HEDMAN, CAROL
ADDRESS : 16950 ORCHARD RIDGE CT
MORTGAGE AMT: 354,900.00 CITY : GRANGER IN 46530
LIFETIME RATE : 7.37500
UNPAID BALANCE: 354,358.240 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,451.2178.87000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240484 MORTGAGORS: BOZLINSKI, GARY
BOZLINSKI, COLLEEN
ADDRESS : 1203 CRANMER AVENUE
MORTGAGE AMT: 307,950.00 CITY : FRASER CO 80442
LIFETIME RATE : 7.62500
UNPAID BALANCE: 307,502.820 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,179.6579.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240492 MORTGAGORS: FISHER, JOHN
FISHER, LAUREN
ADDRESS : 3855 SOUTH HIBISCUS WAY
MORTGAGE AMT: 316,400.00 CITY : DENVER CO 80237
LIFETIME RATE : 7.37500
UNPAID BALANCE: 315,917.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,185.3080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240500 MORTGAGORS: WOODEN, THOMAS
WOODEN, LOREEN
ADDRESS : 11026 N BRIGHTON PLACE
MORTGAGE AMT: 304,000.00 CITY : MEQUON WI 53092
LIFETIME RATE : 7.37500
UNPAID BALANCE: 303,535.940 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,099.6580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240518 MORTGAGORS: RATTIGAN, PAUL
RATTIGAN, SANDY
ADDRESS : 7125 COLEBROOKE DRIVE
MORTGAGE AMT: 312,800.00 CITY : HUDSON OH 44236
LIFETIME RATE : 7.25000
UNPAID BALANCE: 312,310.490 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,133.8580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240526 MORTGAGORS: FISCHER, HERMAN
FISCHER, DIANE
ADDRESS : 2474 WEST PEAKVIEW COURT
MORTGAGE AMT: 318,500.00 CITY : LITTLETON CO 80120
LIFETIME RATE : 7.37500
UNPAID BALANCE: 318,013.810 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,199.8079.63000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240534 MORTGAGORS: SEGGERMAN, TOBIAS
SEGGERMAN, ANNE
ADDRESS : 864 WEBSTER ST.
MORTGAGE AMT: 431,000.00 CITY : NEEDHAM MA 02192
LIFETIME RATE : 6.75000
UNPAID BALANCE: 430,255.750 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,795.4674.96000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240542 MORTGAGORS: URBAN, MICHAEL
MUGGLER, DEBRA
ADDRESS : W160 N5294 CREEKWOOD XING
MORTGAGE AMT: 276,250.00 CITY : MENOMONEE FALLS WI 53051
LIFETIME RATE : 7.37500
UNPAID BALANCE: 275,828.300 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,907.9985.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240559 MORTGAGORS: McArton, Craig
McArton, Marilyn
ADDRESS : 12410 NORTH GRANVILLE ROA
MORTGAGE AMT: 333,000.00 CITY : MEQUON WI 53097
LIFETIME RATE : 7.37500
UNPAID BALANCE: 332,491.670 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,299.9568.66000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240567 MORTGAGORS: TREVENA, RUSSELL
TREVENA, JENNIFER
ADDRESS : 206 BRIDGE POINT
MORTGAGE AMT: 322,000.00 CITY : PEACHTREE CITY GA 30269
LIFETIME RATE : 7.25000
UNPAID BALANCE: 321,496.100 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,196.6175.76000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240575 MORTGAGORS: ARONSTEIN, WILLIAM
ARONSTEIN, PATRICIA
ADDRESS : 820 IVY AVENUE
MORTGAGE AMT: 471,600.00 CITY : CINCINNATI OH 45246
LIFETIME RATE : 7.00000
UNPAID BALANCE: 470,824.610 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,137.5780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240583 MORTGAGORS: RICKERD, ROLAND
RICKERD, KATHRINE
ADDRESS : 512 E 133RD CT
MORTGAGE AMT: 265,950.00 CITY : THORTON CO 80241
LIFETIME RATE : 7.62500
UNPAID BALANCE: 265,563.800 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,882.3895.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240591 MORTGAGORS: SCHROYER, STEVEN
SCHROYER, KATHI
ADDRESS : 26 N PROSPECT AVENUE
MORTGAGE AMT: 360,000.00 CITY : CLARENDON HILLS IL 60514
LIFETIME RATE : 7.50000
UNPAID BALANCE: 359,463.990 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,517.1780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240617 MORTGAGORS: RODRIGUEZ, EVELYN
CAMERIERI, ROBERTO
ADDRESS : 9312 SEVERN TERRACE
MORTGAGE AMT: 280,000.00 CITY : GATHERSBURG MD 20879
LIFETIME RATE : 7.62500
UNPAID BALANCE: 279,593.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,981.8279.55000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240625 MORTGAGORS: TRUBEK, JAMES
TRUBEK, ELIZABETH
ADDRESS : 13901 LE HARVE DRIVE
MORTGAGE AMT: 410,000.00 CITY : PALM BEACH GARDENS FL 33410
LIFETIME RATE : 7.50000
UNPAID BALANCE: 409,081.440 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,866.7874.55000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240633 MORTGAGORS: WALPOLE, HERBERT
WALPOLE, VIVIAN
ADDRESS : 12815 SECRET FOREST COURT
MORTGAGE AMT: 297,750.00 CITY : CYPRESS TX 77429
LIFETIME RATE : 7.50000
UNPAID BALANCE: 297,306.680 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,081.9179.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240641 MORTGAGORS: ZIMMERMAN, BARRY
ZIMMERMAN, CYNTHIA
ADDRESS : 325 RUMFORD POINTE
MORTGAGE AMT: 342,000.00 CITY : ATLANTA GA 30350
LIFETIME RATE : 7.37500
UNPAID BALANCE: 341,477.940 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,362.1161.90000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240666 MORTGAGORS: HEAD, JAMES
HEARD, CHARLES
ADDRESS : 2010 N PONCE DE LEON AVEN
MORTGAGE AMT: 649,950.00 CITY : ATLANTA GA 30307
LIFETIME RATE : 7.50000
UNPAID BALANCE: 648,982.280 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,544.5477.93000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240674 MORTGAGORS: KLOPAS, FRANK
KLOPAS, SOPHIA
ADDRESS : 1746 WILMOT AVE
MORTGAGE AMT: 290,000.00 CITY : CHICAGO IL 60647
LIFETIME RATE : 7.50000
UNPAID BALANCE: 289,568.210 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,027.7253.70000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240682 MORTGAGORS: MCKEE, DWIGHT
MCKEE, JILLELLEN
ADDRESS : 1005 PATTEE CANYON ROAD
MORTGAGE AMT: 264,000.00 CITY : MISSOULA MT 59803
LIFETIME RATE : 7.50000
UNPAID BALANCE: 263,606.920 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,845.9380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240690 MORTGAGORS: TRAXLER, STEVEN
TRAXLER, BRENDA
ADDRESS : 5603 S PAGOSA CT
MORTGAGE AMT: 249,000.00 CITY : AURORA CO 80115
LIFETIME RATE : 7.75000
UNPAID BALANCE: 248,647.380 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,783.8789.25000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240708 MORTGAGORS: CASH, RALPH
CASH, DANA
ADDRESS : 1240 SW 14 AVENUE
MORTGAGE AMT: 640,000.00 CITY : FORT LAUDERDALE FL 33312
LIFETIME RATE : 7.25000
UNPAID BALANCE: 638,998.460 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,365.9380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240716 MORTGAGORS: PARSONS, GREGORY
PARSONS, PAULA
ADDRESS : 2330 HATHAWAY ROAD
MORTGAGE AMT: 340,000.00 CITY : RALEIGH NC 27608
LIFETIME RATE : 7.50000
UNPAID BALANCE: 339,493.760 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,377.3370.83000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240724 MORTGAGORS: MILLER-MCCARTHEY, AMY
MCCARTHEY, MICHAEL
ADDRESS : W200 S6887 ADRIAN DRIVE
MORTGAGE AMT: 290,000.00 CITY : MUSKEGO WI 53150
LIFETIME RATE : 7.50000
UNPAID BALANCE: 289,568.210 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,027.7279.34000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240732 MORTGAGORS: ROARK, GREGORY
ROARK, JULIA
ADDRESS : 10378 BROOKHOLLOW CIRCLE
MORTGAGE AMT: 368,100.00 CITY : LITTLETON CO 80126
LIFETIME RATE : 7.37500
UNPAID BALANCE: 367,538.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,542.3890.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240740 MORTGAGORS: OLBERT, DONALD
OLBERT, SANDRA
ADDRESS : 11680 N COPPER MOUNTAIN D
MORTGAGE AMT: 252,400.00 CITY : TUCSON AZ 85737
LIFETIME RATE : 6.87500
UNPAID BALANCE: 251,974.690 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,658.0980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240757 MORTGAGORS: FRAGA, CHRISTOPHER
FRAGA, ANN
ADDRESS : 18 EAST BROWNSON AVE
MORTGAGE AMT: 285,700.00 CITY : BRYANT BEACH NJ 08008
LIFETIME RATE : 7.75000
UNPAID BALANCE: 285,295.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,046.7989.98000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240773 MORTGAGORS: NUZUM, MICHAEL
NUZUM, CATHY
ADDRESS : 5420 LONGVUE DRIVE
MORTGAGE AMT: 750,000.00 CITY : FRISCO TX 75252
LIFETIME RATE : 7.62500
UNPAID BALANCE: 748,910.910 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 5,308.4569.77000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 103 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240781 MORTGAGORS: MERRICK, DANIEL
MERRICK, CYNTHIA
ADDRESS : 6750 NAVAJO
MORTGAGE AMT: 300,000.00 CITY : CHICAGO IL 60646
LIFETIME RATE : 7.62500
UNPAID BALANCE: 299,564.360 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,123.3853.10000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240799 MORTGAGORS: EHLERT, KURT
EHLERT, LORI
ADDRESS : 102 DUCKHEAD POINT
MORTGAGE AMT: 388,000.00 CITY : CARY NC 27511
LIFETIME RATE : 7.50000
UNPAID BALANCE: 387,422.300 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,712.9580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240815 MORTGAGORS: FABRIZI, FULVIO
BARABELLO-FABRIZI, CATHERINE
ADDRESS : 65 PINE STREET
MORTGAGE AMT: 288,000.00 CITY : MEDFIELD MA 02052
LIFETIME RATE : 7.25000
UNPAID BALANCE: 287,549.300 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,964.6780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240831 MORTGAGORS: WHITE, MARK
WHITE, SUSAN
ADDRESS : 435 BALBION DR.
MORTGAGE AMT: 388,400.00 CITY : EARLYSVILLE VA 22936
LIFETIME RATE : 7.62500
UNPAID BALANCE: 387,551.290 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,749.0779.98000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240849 MORTGAGORS: GARDINER, SCOTT
GARDINER, JENNINE
ADDRESS : 3541 DEVON PINES
MORTGAGE AMT: 380,000.00 CITY : KESWICK VA 22947
LIFETIME RATE : 7.00000
UNPAID BALANCE: 379,375.220 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,528.1573.08000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240872 MORTGAGORS: JONES, WILLIAM
JONES, SUSAN
ADDRESS : 3025 MOUNTAINVIEW CT
MORTGAGE AMT: 280,000.00 CITY : GRAPEVINE TX 76051
LIFETIME RATE : 7.12500
UNPAID BALANCE: 279,550.850 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,886.4178.96000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240914 MORTGAGORS: CHAMBERS, MARK
CHAMBERS, KIMBERLY
ADDRESS : 1801 CALLE LETICIA
MORTGAGE AMT: 400,000.00 CITY : SAN CLEMENTE CA 92672
LIFETIME RATE : 7.75000
UNPAID BALANCE: 399,433.540 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,865.6580.32000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240930 MORTGAGORS: TUMMINELLO, GUY
TUMMINELLO, PAULA
ADDRESS : 81 MANDON TERRACE
MORTGAGE AMT: 300,000.00 CITY : HAWTHORNE NJ 07506
LIFETIME RATE : 7.37500
UNPAID BALANCE: 299,542.040 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,072.0371.77000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240948 MORTGAGORS: TAYLOR, JOSEPH
TAYLOR, CHARLEY
ADDRESS : 2580 W ERIE ST
MORTGAGE AMT: 259,100.00 CITY : CHANDLER AZ 85224
LIFETIME RATE : 7.37500
UNPAID BALANCE: 258,304.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,789.5489.65000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240955 MORTGAGORS: CLOWER, T.
CLOWER, LESLIE
ADDRESS : 236 SMOKE RISE TRACE
MORTGAGE AMT: 665,000.00 CITY : PEACHTREE CITY GA 30269
LIFETIME RATE : 7.00000
UNPAID BALANCE: 663,906.640 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,424.2670.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240971 MORTGAGORS: HARRIS, SCOTT
HARRIS, DIANE
ADDRESS : 3712 SAPPHIRE DR
MORTGAGE AMT: 327,000.00 CITY : ENCINO CA 91436
LIFETIME RATE : 7.37500
UNPAID BALANCE: 326,248.940 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,258.5165.40000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240989 MORTGAGORS: TOPPER, DAVID
TOPPER, COLLEEN
ADDRESS : 39 BLACKBERRY DR
MORTGAGE AMT: 287,200.00 CITY : NAPA CA 94558
LIFETIME RATE : 7.37500
UNPAID BALANCE: 286,761.580 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,983.6280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080240997 MORTGAGORS: HARMON, LARRY
HARMON, KRISTINE
ADDRESS : 9748 ELMHURST DR
MORTGAGE AMT: 350,000.00 CITY : GRANITE BAY CA 95746
LIFETIME RATE : 7.37500
UNPAID BALANCE: 349,465.720 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,417.3655.56000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241003 MORTGAGORS: CORY, MICHAEL
CORY, MICHELLE
ADDRESS : 2357 STONEBRIDGE RD
MORTGAGE AMT: 288,000.00 CITY : LIVERMORE CA 94550
LIFETIME RATE : 7.37500
UNPAID BALANCE: 287,560.370 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,989.1480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241011 MORTGAGORS: CHO, YONG
CHO, AE
ADDRESS : 407 MARVINS WAY
MORTGAGE AMT: 357,640.00 CITY : BUFFALO GROVE IL 60089
LIFETIME RATE : 7.75000
UNPAID BALANCE: 356,877.840 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,562.1880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241029 MORTGAGORS: RICHTER, TRACIE
RICHTER, SCOTT
ADDRESS : 4 BARLEY COURT
MORTGAGE AMT: 400,000.00 CITY : PLAINSBORO NJ 08536
LIFETIME RATE : 7.00000
UNPAID BALANCE: 399,342.330 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,661.2174.09000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241060 MORTGAGORS: HUX, ALAN
HUX, KAREN
ADDRESS : 11626 BROOKS CT
MORTGAGE AMT: 334,150.00 CITY : CARMEL IN 46033
LIFETIME RATE : 7.37500
UNPAID BALANCE: 333,123.550 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,307.8984.27000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241094 MORTGAGORS: SHROUT, STEPHEN
SHROUT, ELIZABETH
ADDRESS : 8907 WALLINGTON CT
MORTGAGE AMT: 260,800.00 CITY : HOUSTON TX 77096
LIFETIME RATE : 7.37500
UNPAID BALANCE: 260,401.880 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,801.2880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241110 MORTGAGORS: MCDONOUGH, MATTHEW
MCDONOUGH, INGRID
ADDRESS : 9 KNOLLWOOD TRAIL EAST
MORTGAGE AMT: 519,200.00 CITY : MENDHAM NJ 07945
LIFETIME RATE : 7.75000
UNPAID BALANCE: 518,464.750 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,719.6180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241128 MORTGAGORS: RICE, MICHAEL
RICE, KIMBERLY
ADDRESS : 49 DEVONSHIRE LA
MORTGAGE AMT: 450,000.00 CITY : MENDHAM NJ 07945
LIFETIME RATE : 7.00000
UNPAID BALANCE: 449,260.130 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,993.8676.92000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241151 MORTGAGORS: ANNITTO, WILLIAM
SARAF, MICHAL
ADDRESS : 24 JEFFERSON RD.
MORTGAGE AMT: 430,000.00 CITY : PRINCETON NJ 08540
LIFETIME RATE : 7.00000
UNPAID BALANCE: 428,936.420 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,860.8081.90000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241169 MORTGAGORS: MCNULTY, THOMAS
MCNULTY, MARGARET
ADDRESS : 10431 N 43RD PLACE
MORTGAGE AMT: 237,750.00 CITY : PHOENIX AZ 85028
LIFETIME RATE : 7.37500
UNPAID BALANCE: 236,834.270 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,642.0866.97000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 04/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241177 MORTGAGORS: WILKINS, KENNETH
WILKINS, DONNA
ADDRESS : 6305 VALLEY FIELD
MORTGAGE AMT: 348,137.00 CITY : SALEM TOWNSHIP MI 48170
LIFETIME RATE : 7.25000
UNPAID BALANCE: 347,040.800 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,374.9179.85000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241201 MORTGAGORS: LEVINE, ARTHUR
LEVINE, CHARMLEY
ADDRESS : 25395 DENNISON ROAD
MORTGAGE AMT: 400,000.00 CITY : FRANKLIN MI 48025
LIFETIME RATE : 7.25000
UNPAID BALANCE: 398,740.470 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,728.7176.19000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241219 MORTGAGORS: TICE, RAYMOND
TICE, RENEE
ADDRESS : 201 NORTH ST
MORTGAGE AMT: 450,000.00 CITY : BELLEMEAD NJ 08502
LIFETIME RATE : 7.25000
UNPAID BALANCE: 448,940.510 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,069.7956.25000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241227 MORTGAGORS: LEE, ALBERT
LEE, CATHRYN
ADDRESS : 825 WALKER ROAD
MORTGAGE AMT: 471,200.00 CITY : GREAT FALLS VA 22066
LIFETIME RATE : 7.50000
UNPAID BALANCE: 470,144.330 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,294.7076.74000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241235 MORTGAGORS: GAIGE, ALAN
GAIGE, SALLY
ADDRESS : 31 CLAYMONT DR
MORTGAGE AMT: 320,000.00 CITY : EARLYSVILLE VA 22936
LIFETIME RATE : 7.37500
UNPAID BALANCE: 319,265.020 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,210.1680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241250 MORTGAGORS: GALLOWAY, MCCLURE
GALLOWAY, YVETTE
ADDRESS : 478 BLUE MOUNTAIN LAKE
MORTGAGE AMT: 248,700.00 CITY : E STROUDSBURG PA 18301
LIFETIME RATE : 7.37500
UNPAID BALANCE: 248,128.790 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,717.7194.74000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241268 MORTGAGORS: PINTO, JOSEPH
PINTO, MARY
PINTO, LYNN PINTO, JOSEPH
ADDRESS : 7728 E TARDES DRIVE
MORTGAGE AMT: 277,600.00 CITY : SCOTTSDALE AZ 85255
LIFETIME RATE : 7.37500
UNPAID BALANCE: 277,176.250 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,917.3184.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241276 MORTGAGORS: ZELESNICK, CHRISTOPHER
ZELESNICK, DIANE
ADDRESS : 1976 BOXWOOD DR
MORTGAGE AMT: 450,000.00 CITY : NEWTOWN PA 18940
LIFETIME RATE : 6.50000
UNPAID BALANCE: 449,184.180 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,844.3166.53000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241284 MORTGAGORS: CALDWELL, RANDALL
CALDWELL, KIMBERLIE
ADDRESS : 305 ROSE GLEN LN
MORTGAGE AMT: 333,600.00 CITY : KENNETT SQUARE PA 19348
LIFETIME RATE : 6.50000
UNPAID BALANCE: 332,995.210 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,108.5879.98000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241300 MORTGAGORS: LEWIS, ROBERT
LEWIS, JACQUELINE
ADDRESS : 404 EAST CAPITOL ST NE
MORTGAGE AMT: 296,100.00 CITY : WASHINGTON DC 20003
LIFETIME RATE : 7.62500
UNPAID BALANCE: 295,452.980 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,095.7890.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241318 MORTGAGORS: SCHU, MARGARET
SCHU, BRADLEY
ADDRESS : 1465 NEFFWOLD LANE
MORTGAGE AMT: 420,000.00 CITY : KIRKWOOD MO 63122
LIFETIME RATE : 7.00000
UNPAID BALANCE: 418,961.150 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,794.2780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241359 MORTGAGORS: GARDNER, JAY
Gardner, Connie
ADDRESS : 1432 STONE CT
MORTGAGE AMT: 344,000.00 CITY : WESTLAKE OH 44145
LIFETIME RATE : 6.50000
UNPAID BALANCE: 343,376.360 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,174.3180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241367 MORTGAGORS: BERDING, JOSEPH
BERDING, DEBRA
ADDRESS : 4000 SHADOW OAK LN
MORTGAGE AMT: 355,000.00 CITY : AUSTIN TX 78746
LIFETIME RATE : 6.87500
UNPAID BALANCE: 354,100.130 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,332.1063.96000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241375 MORTGAGORS: AIRING, BRADLEY
AIRING, CAROLYN
ADDRESS : 5833 SUMMERSTON PL
MORTGAGE AMT: 296,000.00 CITY : CHARLOTTE NC 28277
LIFETIME RATE : 7.00000
UNPAID BALANCE: 295,513.320 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,969.3080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241391 MORTGAGORS: FALCONER, DAVID
FALCONER, ELIZABETH
ADDRESS : 454 DUBLIN RD
MORTGAGE AMT: 370,000.00 CITY : SOUTHBURY CT 06488
LIFETIME RATE : 6.75000
UNPAID BALANCE: 369,361.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,399.8175.51000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241409 MORTGAGORS: BONHEIM, DAVID
BONHEIM, JANET
ADDRESS : 69 IRONWOOD RD
MORTGAGE AMT: 325,000.00 CITY : TRUMBULL CT 06611
LIFETIME RATE : 7.12500
UNPAID BALANCE: 324,478.650 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,189.5957.52000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241441 MORTGAGORS: WHITE, JAMES
WHITE, JUDITH
ADDRESS : 5402 BLACKISTONE ROAD
MORTGAGE AMT: 508,000.00 CITY : BETHESDA MD 20816
LIFETIME RATE : 7.25000
UNPAID BALANCE: 505,994.440 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,465.4679.38000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 04/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241466 MORTGAGORS: WEAVER, JAMES
WEAVER, CATHERINE
ADDRESS : 10237 ROYAL ST ANDREWS PL
MORTGAGE AMT: 249,150.00 CITY : IJAMSVILLE MD 21754
LIFETIME RATE : 6.87500
UNPAID BALANCE: 248,730.160 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,636.7486.01000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241482 MORTGAGORS: WICKS, JAMES
WICKS, MARY
ADDRESS : 1225 CHELSIE PATH
MORTGAGE AMT: 269,000.00 CITY : ST. JOSEPH MI 49085
LIFETIME RATE : 7.25000
UNPAID BALANCE: 268,579.050 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,835.0571.35000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241490 MORTGAGORS: JONES, DERRICK
JONES, LISA
ADDRESS : 2333 MOUNTAIN WEST TRAIL
MORTGAGE AMT: 400,000.00 CITY : STONE MOUNTAIN GA 30087
LIFETIME RATE : 7.37500
UNPAID BALANCE: 398,771.260 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,762.7072.73000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241508 MORTGAGORS: TU WU, ROBERT
SUN WU, MEI
ADDRESS : 22 SPARROW DRIVE
MORTGAGE AMT: 400,000.00 CITY : PRINCETON JCT NJ 08550
LIFETIME RATE : 7.75000
UNPAID BALANCE: 399,433.540 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,865.6570.30000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241516 MORTGAGORS: LYNN, DAVID
LYNN, WINFRED
ADDRESS : 4 SOUTH HIDEAWAY DR
MORTGAGE AMT: 300,000.00 CITY : BEACH HAVEN PARK NJ 08008
LIFETIME RATE : 7.50000
UNPAID BALANCE: 299,553.330 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,097.6475.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241524 MORTGAGORS: SILVERMAN, MARTIN
SILVERMAN, DIANE
ADDRESS : 917 RUGBY ROAD
MORTGAGE AMT: 330,000.00 CITY : CHARLOTTESVILLE VA 22901
LIFETIME RATE : 7.62500
UNPAID BALANCE: 329,278.910 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,335.7276.74000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241540 MORTGAGORS: OLSON, THEODORE
OLSON, COLLEEN
ADDRESS : 8 GREAT OAK DR
MORTGAGE AMT: 345,000.00 CITY : HUDSON OH 44236
LIFETIME RATE : 6.87500
UNPAID BALANCE: 344,418.660 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,266.4071.88000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241565 MORTGAGORS: RINGLEIN, JOHN
RINGLEIN, JEAN
ADDRESS : 3412 SCHEID RD
MORTGAGE AMT: 275,600.00 CITY : HURON OH 44839
LIFETIME RATE : 7.12500
UNPAID BALANCE: 275,157.910 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,856.7787.49000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241573 MORTGAGORS: LACOURSE, JOHN
FITZGIBBONS, GAIL
ADDRESS : 251 SUMMIT AVE.
MORTGAGE AMT: 250,000.00 CITY : HACKENSACK NJ 07601
LIFETIME RATE : 7.25000
UNPAID BALANCE: 249,411.390 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,705.4476.92000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241581 MORTGAGORS: RUCKER, LISA
RUCKER, RONALD
ADDRESS : 17503 SUMMIT VIEW PL CV
MORTGAGE AMT: 340,000.00 CITY : WILDWOOD MO 63038
LIFETIME RATE : 7.00000
UNPAID BALANCE: 339,440.980 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,262.0376.40000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241599 MORTGAGORS: ROBERTS, KARIN
ROBERTS, THOMAS
ADDRESS : 12850 THORNHILL CT
MORTGAGE AMT: 694,500.00 CITY : ST. LOUIS MO 63131
LIFETIME RATE : 7.00000
UNPAID BALANCE: 693,358.120 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,620.5353.42000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241607 MORTGAGORS: RITCHIE, LINDA
RITCHIE, DAVID
ADDRESS : 13408 GARDEN CIRCLE CT
MORTGAGE AMT: 264,000.00 CITY : ST LOUIS MO 63128
LIFETIME RATE : 7.00000
UNPAID BALANCE: 263,565.940 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,756.4080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241631 MORTGAGORS: WHITE, MICHAEL
WHITE, G.
ADDRESS : 585 LAKESHORE DR
MORTGAGE AMT: 264,000.00 CITY : ATLANTA GA 30307
LIFETIME RATE : 7.00000
UNPAID BALANCE: 263,565.940 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,756.4080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241649 MORTGAGORS: BRAM, HARRIS
BRAM, HADAR
ADDRESS : 5 TROY CT
MORTGAGE AMT: 436,000.00 CITY : EAST BRUNSWICK NJ 08816
LIFETIME RATE : 7.12500
UNPAID BALANCE: 435,300.610 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,937.4180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241656 MORTGAGORS: STORY, WESLEY
STORY, SANDRA
ADDRESS : 12801 W 132ND ST
MORTGAGE AMT: 247,000.00 CITY : OVERLAND PARK KS 66213
LIFETIME RATE : 7.37500
UNPAID BALANCE: 246,622.950 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,705.9782.33000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241664 MORTGAGORS: GALLO, ROBERT
GALLO, DEBRA
ADDRESS : 10 GLEN GARY DR
MORTGAGE AMT: 277,000.00 CITY : MENDHAM NJ 07945
LIFETIME RATE : 7.25000
UNPAID BALANCE: 276,566.520 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,889.6356.53000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241672 MORTGAGORS: GLECER, REGINE
NELLES, JAMES
ADDRESS : LT 12 2324 SEA ISLAND DR
MORTGAGE AMT: 465,000.00 CITY : FORT LAUDERDALE FL 33301
LIFETIME RATE : 7.00000
UNPAID BALANCE: 464,235.460 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,093.6648.95000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241680 MORTGAGORS: MUEENUDDIN, TAMUR
MUEENUDDIN, LAUREN
ADDRESS : 1311 35TH ST NW
MORTGAGE AMT: 412,250.00 CITY : WASHINGTON DC 20007
LIFETIME RATE : 7.00000
UNPAID BALANCE: 411,572.190 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,742.7185.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241698 MORTGAGORS: VILLENEUVE, ROBERT
VILLENEUVE, JANE
ADDRESS : 14600 CARROLTON RD
MORTGAGE AMT: 390,000.00 CITY : ROCKVILLE MD 20853
LIFETIME RATE : 6.75000
UNPAID BALANCE: 388,986.980 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,529.5372.22000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241730 MORTGAGORS: REILLY, EDWARD
REILLY, JAN
ADDRESS : 6629 OLEANDER LANE
MORTGAGE AMT: 372,000.00 CITY : PORTAGE MI 49024
LIFETIME RATE : 6.62500
UNPAID BALANCE: 371,341.770 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,381.9675.92000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241748 MORTGAGORS: GIRVAN, ROBERT
GIRVAN, MICHELLE
ADDRESS : 2600 MERLIN DR
MORTGAGE AMT: 270,700.00 CITY : LEWISVILLE TX 75056
LIFETIME RATE : 7.12500
UNPAID BALANCE: 270,265.760 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,823.7679.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241763 MORTGAGORS: EICHHORN, PHILLIP
EICHHORN, JONNE
ADDRESS : 5041 BRIDGE CREEK DR
MORTGAGE AMT: 300,000.00 CITY : PLANO TX 75093
LIFETIME RATE : 7.25000
UNPAID BALANCE: 299,530.530 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,046.5371.09000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241789 MORTGAGORS: FISCHER, MARK
FISCHER, DANETTE
ADDRESS : 314 VAILWOOD COURT
MORTGAGE AMT: 500,000.00 CITY : BLOOMFIELD HILLS MI 48302
LIFETIME RATE : 7.25000
UNPAID BALANCE: 499,217.550 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,410.8878.25000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241797 MORTGAGORS: CHRISTOFIS, MARK
BARAN, DOLORES
ADDRESS : 2334 HAVERFORD DR
MORTGAGE AMT: 425,000.00 CITY : TROY MI 48098
LIFETIME RATE : 7.25000
UNPAID BALANCE: 424,334.920 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,899.2574.96000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241805 MORTGAGORS: SCHMIDT, WILLIAM
RAYMOND, LILY
ADDRESS : 416 EDGEWOOD
MORTGAGE AMT: 300,000.00 CITY : CLAYTON MO 63105
LIFETIME RATE : 7.25000
UNPAID BALANCE: 299,530.530 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,046.5371.21000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241813 MORTGAGORS: HUBER, VICKI
HUBER, JOHN
ADDRESS : 2233 BARCHETTA ST
MORTGAGE AMT: 293,000.00 CITY : LAS VEGAS NV 89134
LIFETIME RATE : 7.37500
UNPAID BALANCE: 292,552.730 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,023.6884.93000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241821 MORTGAGORS: OESTERLIN, MICHAEL
OESTERLIN, ELIZABETH
ADDRESS : 1447,1449,1449A CENTINELA
MORTGAGE AMT: 339,000.00 CITY : SANTA MONICA CA 90404
LIFETIME RATE : 7.12500
UNPAID BALANCE: 338,181.860 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,283.9175.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241839 MORTGAGORS: RIVERA, RONALD
TAMAYO-RIVERA, STEPHANIE
ADDRESS : 17 SADDLEHORN DR
MORTGAGE AMT: 259,000.00 CITY : CHERRY HILL NJ 08003
LIFETIME RATE : 7.50000
UNPAID BALANCE: 258,614.360 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,810.9779.61000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241847 MORTGAGORS: CENTORAM, GIANFRANCA
FELCHER, WAYNE
ADDRESS : 30 MAPLE LN
MORTGAGE AMT: 333,950.00 CITY : GLEN MILLS PA 19342
LIFETIME RATE : 7.37500
UNPAID BALANCE: 333,440.220 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,306.5179.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241854 MORTGAGORS: SASSAMAN, JOHN
HARTE, KRISTA
ADDRESS : 4711 WESTERN AVE NW
MORTGAGE AMT: 256,000.00 CITY : WASHINGTON DC 20016
LIFETIME RATE : 7.25000
UNPAID BALANCE: 255,397.270 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,746.3780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241862 MORTGAGORS: PAPANDRIKOS, ALEX
PAPANDRIKOS, GEORGETTE
ADDRESS : 448 CALDWELL DR
MORTGAGE AMT: 349,900.00 CITY : WYCKOFF NJ 07481
LIFETIME RATE : 7.25000
UNPAID BALANCE: 349,352.450 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,386.9377.77000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241888 MORTGAGORS: CHRISTIAN, MICHAEL
SHEA, SARA
ADDRESS : 3741 MCKINLEY ST NW
MORTGAGE AMT: 395,400.00 CITY : WASHINGTON DC 20015
LIFETIME RATE : 7.12500
UNPAID BALANCE: 394,445.780 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,663.8879.88000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241896 MORTGAGORS: LINDEN, GREGORY
LINDEN, SHEILA
ADDRESS : 13708 LAKESIDE DR
MORTGAGE AMT: 319,900.00 CITY : CLARKSVILLE MD 21029
LIFETIME RATE : 7.25000
UNPAID BALANCE: 319,399.390 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,182.2879.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241904 MORTGAGORS: SINCLAIR, D.
SINCLAIR, CHRISTINE
ADDRESS : 17303 AVENLEIGH DR
MORTGAGE AMT: 384,000.00 CITY : ASHTON MD 20861
LIFETIME RATE : 7.00000
UNPAID BALANCE: 383,368.640 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,554.7680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241912 MORTGAGORS: JELINEK, RICHARD
JELINEK, BONNIE
ADDRESS : 17923 WILDWOOD SPRINGS
MORTGAGE AMT: 593,000.00 CITY : SPRING LAKE MI 49456
LIFETIME RATE : 7.37500
UNPAID BALANCE: 592,094.790 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,095.7078.03000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241920 MORTGAGORS: MCCULLOUGH, NEIL
MCCULLOUGH, JILL
ADDRESS : 1641 BEARD DRIVE SE
MORTGAGE AMT: 448,000.00 CITY : GRAND RAPIDS MI 49546
LIFETIME RATE : 7.25000
UNPAID BALANCE: 447,298.930 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,056.1580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241938 MORTGAGORS: BYRNE, FRANCIS
BYRNE, CHRISTINE
ADDRESS : 1301 WINTERBERRY LN
MORTGAGE AMT: 332,100.00 CITY : MEDINA OH 44256
LIFETIME RATE : 7.12500
UNPAID BALANCE: 331,567.270 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,237.4290.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241946 MORTGAGORS: SAMUEL, TIMOTHY
TIMOTHY, NANCY
ADDRESS : 2396 BALLARD WAY
MORTGAGE AMT: 255,600.00 CITY : ELLICOTT CITY MD 21042
LIFETIME RATE : 7.12500
UNPAID BALANCE: 254,983.170 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,722.0280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241987 MORTGAGORS: FARNSWORTH, SHANE
FARNSWORTH, AUDREY
ADDRESS : 1308 HARBOR ROAD
MORTGAGE AMT: 312,000.00 CITY : ANNAPOLIS MD 21403
LIFETIME RATE : 7.00000
UNPAID BALANCE: 311,487.030 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,075.7480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080241995 MORTGAGORS: CHAIN, J.
CHAIN, TRACEY
ADDRESS : 7604 BONNIE RIDGE
MORTGAGE AMT: 335,000.00 CITY : CRYSTAL LAKE IL 60014
LIFETIME RATE : 7.12500
UNPAID BALANCE: 334,462.610 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,256.9677.01000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242001 MORTGAGORS: BARBA, KENNETH
BARBA, TAMMY
ADDRESS : 1212 GREENLAWN
MORTGAGE AMT: 392,000.00 CITY : BLOOMINGTON IL 61701
LIFETIME RATE : 7.12500
UNPAID BALANCE: 391,371.180 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,640.9880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242019 MORTGAGORS: HUNT, JAMES
CONRAD-HUNT, JANETTE
ADDRESS : 11083 KINGSBURY ROAD
MORTGAGE AMT: 308,000.00 CITY : DELTON MI 49046
LIFETIME RATE : 6.75000
UNPAID BALANCE: 307,199.980 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,997.6877.97000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242027 MORTGAGORS: MUELLER, CRAIG
MUELLER, YOLANDE
ADDRESS : 4323 CAMELOT CR
MORTGAGE AMT: 343,200.00 CITY : NAPERVILLE IL 60564
LIFETIME RATE : 6.87500
UNPAID BALANCE: 342,621.690 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,254.5880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242035 MORTGAGORS: BROWN, FRANKLIN
BROWN, KATHLEEN
ADDRESS : 7532 GREENWOOD STATION RD
MORTGAGE AMT: 315,000.00 CITY : GREENWOOD VA 22943
LIFETIME RATE : 7.00000
UNPAID BALANCE: 314,482.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,095.7090.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242043 MORTGAGORS: CHAKURDA, THOMAS
CHAKURDA, DIANE
ADDRESS : 1413 OAKBOURNE DR
MORTGAGE AMT: 256,000.00 CITY : COLUMBUS OH 43235
LIFETIME RATE : 7.12500
UNPAID BALANCE: 255,589.340 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,724.7280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242068 MORTGAGORS: HALL, THOMAS
HALL, NANCY
ADDRESS : 12228 RENWICK PLACE
MORTGAGE AMT: 187,000.00 CITY : GLEN ALLEN VA 23060
LIFETIME RATE : 6.75000
UNPAID BALANCE: 186,677.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,212.8855.33000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242076 MORTGAGORS: KINSLEY, RICHARD
KINSLEY, DEBRA
ADDRESS : 11353 GEIST BAY CT
MORTGAGE AMT: 400,000.00 CITY : FORTVILLE IN 46040
LIFETIME RATE : 7.12500
UNPAID BALANCE: 399,358.360 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,694.8764.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242084 MORTGAGORS: RAO, CARLO
ROA, VALERIE
ADDRESS : 1057 N NORWALK CIRCLE
MORTGAGE AMT: 336,600.00 CITY : MESA AZ 85205
LIFETIME RATE : 7.62500
UNPAID BALANCE: 336,111.210 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,382.4379.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242100 MORTGAGORS: CASTROGIOVANNI, JOSEPH
CASTROGIOVANNI, SUSAN
ADDRESS : 12529 N WELDON RD
MORTGAGE AMT: 496,000.00 CITY : ROCKFORD IL 61102
LIFETIME RATE : 7.25000
UNPAID BALANCE: 495,223.820 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,383.5980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242118 MORTGAGORS: READ, MARTIN
READ, DIANA
ADDRESS : 202 OLDENWOOD CT
MORTGAGE AMT: 620,000.00 CITY : COLLEYVILLE TX 76034
LIFETIME RATE : 6.87500
UNPAID BALANCE: 618,955.260 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,072.9674.70000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242126 MORTGAGORS: OLUNUGA, OLUDOLAPO
OLUNUGA, ADETOKUNBO
ADDRESS : 13111 VENETIAN ROAD
MORTGAGE AMT: 328,500.00 CITY : SILVER SPRING MD 20904
LIFETIME RATE : 7.00000
UNPAID BALANCE: 327,959.890 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,185.5290.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242134 MORTGAGORS: HASHISAKI, GEORGE
HASHISAKI, TERESA
ADDRESS : 1046 DRY BRIDGE RD
MORTGAGE AMT: 352,000.00 CITY : CHARLOTTESVILLE VA 22903
LIFETIME RATE : 7.37500
UNPAID BALANCE: 351,462.660 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,431.1880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242142 MORTGAGORS: HALE, LESLIE
HALE, JOSEPH
ADDRESS : 2116 WOODFORD PL
MORTGAGE AMT: 252,000.00 CITY : LOUISVILLE KY 40205
LIFETIME RATE : 7.37500
UNPAID BALANCE: 251,615.320 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,740.5080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242159 MORTGAGORS: COLEMAN, JOANNE
COLEMAN, JOHN
ADDRESS : 3825 REAS FORD LN
MORTGAGE AMT: 168,000.00 CITY : EARLYSVILLE VA 22936
LIFETIME RATE : 7.37500
UNPAID BALANCE: 167,614.140 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,160.3380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242167 MORTGAGORS: SAVESKI, DRAGAN
SAVESKI, ELENA
ADDRESS : 1570 BIRDSONG CT
MORTGAGE AMT: 444,000.00 CITY : BLACKLICK OH 43004
LIFETIME RATE : 7.50000
UNPAID BALANCE: 443,338.920 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,104.5172.20000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242175 MORTGAGORS: KURDLE, KYLE
KURDLE, JENNIFER
ADDRESS : 14721 TRIADELPHIA RD
MORTGAGE AMT: 260,000.00 CITY : GLENELG MD 21737
LIFETIME RATE : 7.25000
UNPAID BALANCE: 259,593.120 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,773.6680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242183 MORTGAGORS: SHIMPI, RAZIEH
SHIMPI, LALCHAND
ADDRESS : 3112 DOE HILL CT
MORTGAGE AMT: 281,600.00 CITY : Raleigh NC 27612
LIFETIME RATE : 7.50000
UNPAID BALANCE: 281,180.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,968.9980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242191 MORTGAGORS: ERICKSON, STEVEN
ERICKSON, DIANE
ADDRESS : 9038 WENDY CIR
MORTGAGE AMT: 252,000.00 CITY : FOUNTAIN VALLEY CA 92708
LIFETIME RATE : 7.50000
UNPAID BALANCE: 251,624.790 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,762.0280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242217 MORTGAGORS: MARONE, PHILIP
MARONE, BARBARA
ADDRESS : 18513 AZALEA DR
MORTGAGE AMT: 300,000.00 CITY : ROCKVILLE MD 20854
LIFETIME RATE : 7.00000
UNPAID BALANCE: 299,506.750 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,995.9180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242225 MORTGAGORS: VENEZIA, JOHN
VENEZIA, DEBORAH ZERBE, DEBORAH
ADDRESS : 1555 OSAGE LN
MORTGAGE AMT: 285,000.00 CITY : LABADIE MO 63055
LIFETIME RATE : 7.25000
UNPAID BALANCE: 284,554.010 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,944.2075.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242241 MORTGAGORS: SILVERSTEIN, VIRGINIA
SILVERSTEIN, ALAN
ADDRESS : 8134 WESTMORELAND
MORTGAGE AMT: 411,800.00 CITY : ST LOUIS MO 63105
LIFETIME RATE : 7.25000
UNPAID BALANCE: 411,155.580 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,809.2056.80000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242266 MORTGAGORS: NORRIS, DANIEL
NORRIS, NANCIE
ADDRESS : 103 ARBOR DR.
MORTGAGE AMT: 116,000.00 CITY : MOAB UT 84532
LIFETIME RATE : 7.50000
UNPAID BALANCE: 115,827.280 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 811.0969.88000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242282 MORTGAGORS: DUBSON, JORDAN
WEIR, BONNIE
ADDRESS : 947 GARFIELD AVENUE
MORTGAGE AMT: 275,000.00 CITY : BRIDGEWATER NJ 08807
LIFETIME RATE : 7.75000
UNPAID BALANCE: 274,610.570 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,970.1387.30000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242290 MORTGAGORS: ROCKWELL, ERIN
KLINGLER, DAVID
ADDRESS : 3392 PAVILION LANE
MORTGAGE AMT: 256,500.00 CITY : BELLBROOK OH 45305
LIFETIME RATE : 7.62500
UNPAID BALANCE: 256,127.520 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,815.4995.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242308 MORTGAGORS: CONSTABLE, DOUGLAS
CONSTABLE, MARGARET
ADDRESS : 97 COLONY CROSSING
MORTGAGE AMT: 318,000.00 CITY : EDGEWATER MD 21037
LIFETIME RATE : 7.37500
UNPAID BALANCE: 317,514.570 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,196.3579.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242316 MORTGAGORS: GROVE, WARE
GROVE, BARBARA
ADDRESS : 7678 MANNHEIM CT
MORTGAGE AMT: 422,000.00 CITY : HUDSON OH 44236
LIFETIME RATE : 7.25000
UNPAID BALANCE: 421,339.610 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,878.7873.26000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242324 MORTGAGORS: REGER, LAWRENCE
COREY, DANIEL
ADDRESS : 5010 GARFIELD ST NW
MORTGAGE AMT: 468,000.00 CITY : WASHINGTON DC 20016
LIFETIME RATE : 7.50000
UNPAID BALANCE: 467,303.190 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,272.3280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242332 MORTGAGORS: GROOMS, ROGER
GROOMS, SUSAN
ADDRESS : 13915 ROCK STILL COURT
MORTGAGE AMT: 318,400.00 CITY : CLIFTON VA 20124
LIFETIME RATE : 7.12500
UNPAID BALANCE: 317,889.250 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,145.1380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242340 MORTGAGORS: FERRIN, ANDREW
FERRIN, DEBORAH
ADDRESS : 1209 NOYES DR
MORTGAGE AMT: 280,000.00 CITY : SILVER SPRING MD 20910
LIFETIME RATE : 7.62500
UNPAID BALANCE: 279,593.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,981.8279.77000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242365 MORTGAGORS: LORENZ, PATRICK
DONAGHY, JENNIFER
ADDRESS : 7512 16TH ST NW
MORTGAGE AMT: 408,000.00 CITY : WASHINGTON DC 20012
LIFETIME RATE : 7.00000
UNPAID BALANCE: 407,329.190 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,714.4380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242373 MORTGAGORS: NGUYEN, THOMAS
HUYNH, MARIE
ADDRESS : 9106 AUTUMN OAK CT
MORTGAGE AMT: 337,600.00 CITY : FAIRFAX VA 22039
LIFETIME RATE : 7.25000
UNPAID BALANCE: 337,071.690 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,303.0380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242381 MORTGAGORS: BONIFACE, LYNN
BONIFACE, MARIANELA
ADDRESS : 9842 NATICK RD
MORTGAGE AMT: 255,200.00 CITY : BURKE VA 22015
LIFETIME RATE : 7.62500
UNPAID BALANCE: 254,829.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,806.2980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242399 MORTGAGORS: BUTLER, MICHAEL
BUTLER, INGER
ADDRESS : 10001 CLOVERDALE PL
MORTGAGE AMT: 380,000.00 CITY : VIENNA VA 22182
LIFETIME RATE : 7.25000
UNPAID BALANCE: 378,580.530 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,003.4380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/19
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242571 MORTGAGORS: MORRIS, STEVE
MORRIS, PATRICIA
ADDRESS : 29 VIA HACIENDA
MORTGAGE AMT: 289,650.00 CITY : RANCHO SANT CA 92688
LIFETIME RATE : 7.25000
UNPAID BALANCE: 289,196.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,975.9389.69047 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242761 MORTGAGORS: CHAMBERLAIN, PETER
CHAMBERLAIN, SHARON
ADDRESS : 21666 CRIPTANA
MORTGAGE AMT: 248,900.00 CITY : MISSION VIE CA 92692
LIFETIME RATE : 8.00000
UNPAID BALANCE: 248,732.990 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,826.3495.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080242944 MORTGAGORS: PURANAM, SRIKANTH
SRIKANTH, ANANTHI
ADDRESS : 2017 MANDELAY PLACE
MORTGAGE AMT: 500,000.00 CITY : SAN JOSE CA 95138
LIFETIME RATE : 7.50000
UNPAID BALANCE: 499,255.520 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,496.0879.79993 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080243033 MORTGAGORS: ACOSTA, ROMEL
ACOSTA, JULIETTE
ADDRESS : 2023 MANDELAY PLACE
MORTGAGE AMT: 521,350.00 CITY : SAN JOSE CA 95138
LIFETIME RATE : 7.12500
UNPAID BALANCE: 520,513.680 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,512.4479.99356 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080243082 MORTGAGORS: MOTYLESKI, MICHAEL
MOTYLESKI, MARGARET
ADDRESS : 9 MONICA DRIVE
MORTGAGE AMT: 293,600.00 CITY : EDISON NJ 08820
LIFETIME RATE : 7.75000
UNPAID BALANCE: 293,600.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,103.3980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080243306 MORTGAGORS: LIN, HO MING
CHEN, YEN LING
ADDRESS : 5 GARNET
MORTGAGE AMT: 350,000.00 CITY : IRVINE CA 92620
LIFETIME RATE : 7.87500
UNPAID BALANCE: 349,759.140 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,537.7472.16495 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080244775 MORTGAGORS: BISHOP, DANIEL
ZARCONE, BRIANNE
ADDRESS : 719 ALAMEDA DE LAS PULGAS
MORTGAGE AMT: 324,200.00 CITY : BELMONT CA 94002
LIFETIME RATE : 6.37500
UNPAID BALANCE: 323,294.370 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,022.5963.56863 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080245335 MORTGAGORS: SZCZESNY, JIM
BEVILACQUA, PAULA
ADDRESS : 11 NARCISSUS COURT
MORTGAGE AMT: 326,600.00 CITY : DANVILLE CA 94506
LIFETIME RATE : 7.37500
UNPAID BALANCE: 326,101.430 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,255.7579.98824 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080245368 MORTGAGORS: POOLE, WILLIAM
POOLE, HEIDI
ADDRESS : 28 VIA HACIENDA
MORTGAGE AMT: 256,500.00 CITY : RANCHO SANT CA 92688
LIFETIME RATE : 7.87500
UNPAID BALANCE: 256,145.780 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,859.8189.99242 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080245459 MORTGAGORS: SUMMERS, MELVIN
SUMMERS, SUSAN
ADDRESS : 1840 WEST AVENUE 0 8
MORTGAGE AMT: 242,150.00 CITY : PALMDALE CA 93551
LIFETIME RATE : 7.87500
UNPAID BALANCE: 241,983.350 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,755.7694.99804 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080245475 MORTGAGORS: RUBIN, ELLIOT
ADDRESS : 3483 MOORE STREET
MORTGAGE AMT: 311,200.00 CITY : LOS ANGELES CA 90066
LIFETIME RATE : 7.50000
UNPAID BALANCE: 310,969.040 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,175.9680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080245590 MORTGAGORS: FINKELSTEIN, STAN
BECK, STEFANIE
ADDRESS : 11554 VILLIAGE RIDGE RD
MORTGAGE AMT: 292,000.00 CITY : SAN DIEGO CA 92131
LIFETIME RATE : 8.00000
UNPAID BALANCE: 291,804.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,142.5989.84615 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080245996 MORTGAGORS: DAVIDSON, KENNETH
INMAN, JANICE
ADDRESS : 782 UNDERHILL AVENUE
MORTGAGE AMT: 270,750.00 CITY : Yorktown Heights NY 10598
LIFETIME RATE : 7.50000
UNPAID BALANCE: 270,346.880 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,893.1295.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080246325 MORTGAGORS: JONG, CHIOU MUH
CHEN, ALICE
ADDRESS : 11058 DORSCH FARM ROAD
MORTGAGE AMT: 260,000.00 CITY : ELLICOTT CI MD 21042
LIFETIME RATE : 7.62500
UNPAID BALANCE: 259,622.450 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,840.2656.20224 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080247505 MORTGAGORS: TAYAG, TIMOTHY
ADDRESS : 2981 26th Street #2
MORTGAGE AMT: 253,600.00 CITY : SAN FRANCIS CA 94111
LIFETIME RATE : 8.12500
UNPAID BALANCE: 253,434.100 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,882.9880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080248149 MORTGAGORS: OLITO, ATALANTA
WALDRON, JAMES
ADDRESS : 37963 PANORAMA COURT
MORTGAGE AMT: 420,000.00 CITY : MURRIETTA CA 92562
LIFETIME RATE : 7.62500
UNPAID BALANCE: 419,390.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,972.7480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080248198 MORTGAGORS: BRYDGES, WILLIAM
GRAVES, MICHELLE
ADDRESS : 1503 FILLMORE STREET NORT
MORTGAGE AMT: 416,000.00 CITY : ARLINGTON VA 22201
LIFETIME RATE : 7.12500
UNPAID BALANCE: 415,332.680 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,802.6780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080248255 MORTGAGORS: GREAVER, CHRISTOPHE
GREAVER, ELLEN
ADDRESS : 1324 EAGLE RIDGE RUN
MORTGAGE AMT: 253,600.00 CITY : BEL AIR MD 21014
LIFETIME RATE : 6.75000
UNPAID BALANCE: 253,162.070 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,644.8579.77853 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080248321 MORTGAGORS: SANDOVAL, GARY
SANDOVAL, CARMEN
ADDRESS : 2848 SAWGRASS DRIVE
MORTGAGE AMT: 361,250.00 CITY : SANTA ANA CA 92706
LIFETIME RATE : 7.25000
UNPAID BALANCE: 360,684.660 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,464.3779.99973 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080248792 MORTGAGORS: ANDREWS, WILLIAM
ANDREWS, DOLORES
ADDRESS : 930 COLLEGE DRIVE
MORTGAGE AMT: 290,000.00 CITY : SAN JOSE CA 95128
LIFETIME RATE : 7.87500
UNPAID BALANCE: 289,397.350 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,102.7079.89000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 351 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080248867 MORTGAGORS: WILKEWITZ, H
WILKEWITZ, KAROL
ADDRESS : 118 ALPINE DRIVE
MORTGAGE AMT: 306,750.00 CITY : ESTES PARK CO 80517
LIFETIME RATE : 7.75000
UNPAID BALANCE: 305,875.590 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,197.5972.18000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 351 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080249352 MORTGAGORS: ZUNICH, JOHN
ZUNICH, ROXANNE
ADDRESS : 100 CHIPMUNK STREET
MORTGAGE AMT: 332,500.00 CITY : KINGSBEACH CA 96143
LIFETIME RATE : 7.50000
UNPAID BALANCE: 331,503.650 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,324.8961.57000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 351 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080249378 MORTGAGORS: SCHEIDEGGER, PAUL
SCHEIDEGGER, LINDA
ADDRESS : 12 HILFRED WAY
MORTGAGE AMT: 845,000.00 CITY : DANVILLE CA 94526
LIFETIME RATE : 7.25000
UNPAID BALANCE: 843,010.490 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 5,764.3954.52000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 351 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080249519 MORTGAGORS: MULLER, MARIO
ADDRESS : 2543 CAMINITO MUIRFIELD
MORTGAGE AMT: 350,000.00 CITY : LA JOLLA CA 92037
LIFETIME RATE : 7.62500
UNPAID BALANCE: 349,235.200 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,477.2870.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 351 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080249550 MORTGAGORS: GILBERT, MICHAEL
GILBERT, JILL
ADDRESS : 23051 FAIRFIELD
MORTGAGE AMT: 313,950.00 CITY : MISSION VIE CA 92692
LIFETIME RATE : 7.50000
UNPAID BALANCE: 313,950.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,195.1879.98746 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080249865 MORTGAGORS: VILLENA, CHERYLL
VILLENA, RONALDO
ADDRESS : 6487 BROOK HOLLOW CIRCLE
MORTGAGE AMT: 248,200.00 CITY : STOCKTON CA 95219
LIFETIME RATE : 7.37500
UNPAID BALANCE: 247,821.120 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,714.2679.98788 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080249980 MORTGAGORS: KOCH, DAVID
VLAY KOCH, VANESSA
ADDRESS : 21 LEXINGTON WAY
MORTGAGE AMT: 356,400.00 CITY : COTO DE CAZ CA 92679
LIFETIME RATE : 7.87500
UNPAID BALANCE: 356,154.730 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,584.1590.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080250491 MORTGAGORS: CARSEY, ROBERT
CARSEY, MELANI
ADDRESS : 6911 CLIFFBROOK DR
MORTGAGE AMT: 243,650.00 CITY : Dallas TX 75240
LIFETIME RATE : 8.00000
UNPAID BALANCE: 243,486.510 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,787.8294.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080250988 MORTGAGORS: TERAWSKYJ, VICTOR
DRISTAS, WILLIAM
ADDRESS : 30 FARQUHAR STREET
MORTGAGE AMT: 269,100.00 CITY : ROSLINDALE MA 02131
LIFETIME RATE : 7.75000
UNPAID BALANCE: 268,677.470 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,927.8790.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080251093 MORTGAGORS: NAKAHARA, JAMES
NAKAHARA, LINDA
ADDRESS : 6 GARNET
MORTGAGE AMT: 392,000.00 CITY : IRVINE CA 92620
LIFETIME RATE : 7.62500
UNPAID BALANCE: 392,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,774.5580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080251317 MORTGAGORS: GREER, BRUCE
GREER, KERRY
ADDRESS : 18906 AVE 300
MORTGAGE AMT: 284,000.00 CITY : EXETER CA 93221
LIFETIME RATE : 8.37500
UNPAID BALANCE: 283,823.470 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,158.6180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080251333 MORTGAGORS: CLARKE, GREGORY
CLARKE, DARLENE
ADDRESS : 2958 HUMESTON AVE
MORTGAGE AMT: 368,450.00 CITY : TUSTIN CA 92782
LIFETIME RATE : 7.50000
UNPAID BALANCE: 367,901.400 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,576.2694.99121 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080251408 MORTGAGORS: DEWEY, THOMAS
DEWEY, CYNTHIA
ADDRESS : 2346 SIENA COURT
MORTGAGE AMT: 336,000.00 CITY : CLAREMONT CA 91711
LIFETIME RATE : 7.62500
UNPAID BALANCE: 335,756.810 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,378.1980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080252349 MORTGAGORS: KIST, FRANKLIN
MC CARTHY KI, ANNE
ADDRESS : 1562 HARPERS COVE LANE
MORTGAGE AMT: 253,000.00 CITY : RESTON VA 20194
LIFETIME RATE : 6.87500
UNPAID BALANCE: 252,573.680 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,662.0361.70732 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080252414 MORTGAGORS: CRALLE, MERRY
ADDRESS : 1264 LAMPLIGHTER WAY
MORTGAGE AMT: 264,000.00 CITY : RESTON VA 20194
LIFETIME RATE : 7.37500
UNPAID BALANCE: 263,596.990 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,823.3980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080252448 MORTGAGORS: HARRINGTON, JACQUELINE
HARRINGTON, DENNIS
ADDRESS : 8508 UNION MILLS COURT
MORTGAGE AMT: 259,450.00 CITY : ELLICOTT CI MD 21043
LIFETIME RATE : 7.37500
UNPAID BALANCE: 259,053.940 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,791.9679.61202 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080252455 MORTGAGORS: BOKAR, KENNETH
BOKAR, DENISE
ADDRESS : 2639 N GREENWOOD AVE
MORTGAGE AMT: 267,400.00 CITY : ARLINGTON H IL 60004
LIFETIME RATE : 7.75000
UNPAID BALANCE: 267,021.320 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,915.6994.96750 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080253693 MORTGAGORS: WAGGONER, DAVID
WAGGONER, LAURENE
ADDRESS : 134 NORTHSHORE DRIVE
MORTGAGE AMT: 450,000.00 CITY : MOORESVILLE NC 28117
LIFETIME RATE : 7.50000
UNPAID BALANCE: 449,666.030 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,146.4773.17073 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080253958 MORTGAGORS: FRANKEL, JEFFREY
ADDRESS : 230 SOUTHGATE
MORTGAGE AMT: 254,250.00 CITY : VERNON HILLS IL 60061
LIFETIME RATE : 7.50000
UNPAID BALANCE: 253,871.440 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,777.7590.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080254204 MORTGAGORS: COTTINI, BETTY
MIGALE, PETER
ADDRESS : 524 526 SOUTH EL DORADO S
MORTGAGE AMT: 363,750.00 CITY : SAN MATEO CA 94402
LIFETIME RATE : 8.00000
UNPAID BALANCE: 363,505.930 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,669.0775.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080254303 MORTGAGORS: MOORE, TIMOTHY
MOORE, SHELLEY
ADDRESS : 3470 BRIAR RIDGE LN
MORTGAGE AMT: 323,900.00 CITY : LITHONIA GA 30058
LIFETIME RATE : 7.75000
UNPAID BALANCE: 323,671.390 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,320.4689.99722 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080254410 MORTGAGORS: ZELIZER, BARBIE
ADDRESS : 123 BENTLEY AVENUE
MORTGAGE AMT: 265,700.00 CITY : BALA CYNWYD PA 19004
LIFETIME RATE : 8.25000
UNPAID BALANCE: 265,530.570 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,996.1257.76087 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080254824 MORTGAGORS: BATES, GARY
ADDRESS : 2071 MANDELAY PLACE
MORTGAGE AMT: 450,000.00 CITY : SAN JOSE CA 95138
LIFETIME RATE : 7.50000
UNPAID BALANCE: 449,329.970 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,146.4763.60424 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080254949 MORTGAGORS: MAC NEIL, DONALD
ROOSE, HELEN
MAC NEIL, VICKI ROOSE, ROBERT
ADDRESS : 19106 OLYMPIC CREST DRIVE
MORTGAGE AMT: 282,300.00 CITY : SANTA CLARI CA 91351
LIFETIME RATE : 7.00000
UNPAID BALANCE: 280,140.150 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,878.1577.73497 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080254956 MORTGAGORS: HICKS, WILLIS
HICKS, CYNTHIA
ADDRESS : 15054 STILLFIELD PLACE
MORTGAGE AMT: 292,000.00 CITY : CENTREVILLE VA 20120
LIFETIME RATE : 7.50000
UNPAID BALANCE: 291,565.230 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,041.7180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080255003 MORTGAGORS: SCHUENEMAN, MICHAEL
SCHUENEMAN, CAROLYN
ADDRESS : 305 OSPREY LANE
MORTGAGE AMT: 248,000.00 CITY : LINDEHURST IL 60046
LIFETIME RATE : 7.12500
UNPAID BALANCE: 247,602.160 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,670.8394.98786 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080255441 MORTGAGORS: LOUIE, CHARLES
ZUKOWSKI LOU, PATRICIA
ADDRESS : 8011 BIG POOL ROAD
MORTGAGE AMT: 261,650.00 CITY : LAUREL MD 20724
LIFETIME RATE : 7.00000
UNPAID BALANCE: 261,002.800 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,740.7794.99622 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080255748 MORTGAGORS: PESCOSOLIDO, DANA
PESCOSOLIDO, PHYLLIS
ADDRESS : 1652 WOODSTOCK RD
MORTGAGE AMT: 328,700.00 CITY : WOODSTOCK MD 21163
LIFETIME RATE : 7.12500
UNPAID BALANCE: 328,172.720 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,214.5279.95643 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080255805 MORTGAGORS: MAC NAUGHTON, NEIL
MAC NAUGHTON, CYNTHIA
ADDRESS : 3359 ASHLEY PARK DRIVE
MORTGAGE AMT: 544,000.00 CITY : JAMUL CA 91935
LIFETIME RATE : 8.75000
UNPAID BALANCE: 543,687.020 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,279.6580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.75000 MATURITY DATE:
PRODUCT CODE: 351 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080256142 MORTGAGORS: REID, DAVID
ADDRESS : 3 BRIARBRIDGE
MORTGAGE AMT: 387,000.00 CITY : CHAPEL HILL NC 27514
LIFETIME RATE : 7.75000
UNPAID BALANCE: 387,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,772.5290.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080256456 MORTGAGORS: TEAMAN, GARY
MCGRATH, HOLLY
ADDRESS : 7001 KODIAK COURT
MORTGAGE AMT: 285,000.00 CITY : MANASSAS VA 20111
LIFETIME RATE : 7.50000
UNPAID BALANCE: 284,361.470 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,992.7775.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080256746 MORTGAGORS: ELGES, MATTHEW
ADDRESS : 8801 S INDEPENDENCE COURT
MORTGAGE AMT: 282,350.00 CITY : LITTLETON CO 80128
LIFETIME RATE : 7.00000
UNPAID BALANCE: 281,885.750 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,878.4979.98788 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080256787 MORTGAGORS: SABESKY, GRANT
SABESKY, DIANA
ADDRESS : 6465 BOUNTY COURT
MORTGAGE AMT: 270,750.00 CITY : SAN DIEGO CA 92120
LIFETIME RATE : 7.62500
UNPAID BALANCE: 270,256.910 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,916.3595.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080256829 MORTGAGORS: TRCH, DAVID
TRCH, LAURA
ADDRESS : 421 TENBY WAY
MORTGAGE AMT: 254,650.00 CITY : ALGONQUIN IL 60102
LIFETIME RATE : 7.62500
UNPAID BALANCE: 254,280.210 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,802.4094.96621 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080257041 MORTGAGORS: RAINS, DAVID
RAINS, LUCINDA
ADDRESS : 21937 CEDAR PINES DR
MORTGAGE AMT: 102,800.00 CITY : CEDARPINES CA 92322
LIFETIME RATE : 7.75000
UNPAID BALANCE: 102,727.440 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 736.4880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080257439 MORTGAGORS: LOWRY, JEFFREY
LOWRY, SHARON
ADDRESS : 624 HENRY STREET
MORTGAGE AMT: 297,000.00 CITY : FOLSOM CA 95630
LIFETIME RATE : 7.75000
UNPAID BALANCE: 297,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,127.7489.76742 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080257488 MORTGAGORS: KUSNADI, RUDY
CHOI, MARY
ADDRESS : 19628 HOOVER FARM DR
MORTGAGE AMT: 295,600.00 CITY : LAYTONSVILL MD 20882
LIFETIME RATE : 7.62500
UNPAID BALANCE: 295,386.050 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,092.2479.99567 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080257777 MORTGAGORS: RAMASUBBU, SRIDHARA
ADDRESS : 6512 LIMERICK COURT
MORTGAGE AMT: 271,800.00 CITY : CLARKSVILLE MD 21029
LIFETIME RATE : 8.25000
UNPAID BALANCE: 271,626.680 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,041.9579.99411 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080257942 MORTGAGORS: DIANI, MICHAEL
DIANI, MARTHA
ADDRESS : 924 BLUE GUM LANE
MORTGAGE AMT: 302,850.00 CITY : NIPOMO CA 93444
LIFETIME RATE : 7.75000
UNPAID BALANCE: 302,421.120 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,169.6690.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080258080 MORTGAGORS: GREEN, JEFFREY
ADDRESS : 533 PROVO COURT
MORTGAGE AMT: 256,100.00 CITY : RENO NV 89511
LIFETIME RATE : 7.50000
UNPAID BALANCE: 255,909.940 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,790.6979.99001 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080258106 MORTGAGORS: BLAINE, JAMES
BLAINE, VICTORIA
ADDRESS : 2790 SHADY VALLEY DRIVE
MORTGAGE AMT: 380,000.00 CITY : Atlanta GA 30324
LIFETIME RATE : 7.25000
UNPAID BALANCE: 379,703.560 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,592.2780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080258114 MORTGAGORS: YU, KI
YU, CHUN
ADDRESS : 3520 MOOREGATE DRIVE
MORTGAGE AMT: 302,400.00 CITY : Marietta GA 30062
LIFETIME RATE : 7.62500
UNPAID BALANCE: 302,181.130 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,140.3780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080258122 MORTGAGORS: LIVELSBERGER, JEANNE
ADDRESS : 6 ELMWOOD DRIVE
MORTGAGE AMT: 260,000.00 CITY : Hawthorn Woods IL 60047
LIFETIME RATE : 7.75000
UNPAID BALANCE: 259,816.500 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,862.6780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080258148 MORTGAGORS: TORRE, JOSEPH
ADDRESS : 1907 SHORELINE DRIVE
MORTGAGE AMT: 304,000.00 CITY : ST. CHARLES IL 60174
LIFETIME RATE : 6.75000
UNPAID BALANCE: 303,738.260 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,971.7480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080258395 MORTGAGORS: NAKANO, LARRY
NAKANO, SANDRA
ADDRESS : 3222 EAST GOODWICK DRIVE
MORTGAGE AMT: 142,800.00 CITY : WEST COVINA CA 91792
LIFETIME RATE : 7.87500
UNPAID BALANCE: 142,701.730 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,035.4080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080258734 MORTGAGORS: DONNER, DONALD
DONNER, BARBARA
ADDRESS : 104 NORTH MARINA POINT
MORTGAGE AMT: 432,000.00 CITY : BIG BEAR LAKE CA 92315
LIFETIME RATE : 7.87500
UNPAID BALANCE: 431,702.700 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,132.3080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080258866 MORTGAGORS: MASTERS, LYNN
ADDRESS : 743 HAILEY DRIVE
MORTGAGE AMT: 130,000.00 CITY : WEBSTER NY 14580
LIFETIME RATE : 7.37500
UNPAID BALANCE: 129,901.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 897.8849.37334 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080259021 MORTGAGORS: LAL, ROHIT
ADDRESS : 720 ROSE CREEK CIRCLE
MORTGAGE AMT: 338,400.00 CITY : DULUTH GA 30097
LIFETIME RATE : 7.50000
UNPAID BALANCE: 338,400.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,726.1386.99229 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 105 09/01/19
---------------------------------------------------------------------------------------------------------------------------
LN # 0080259062 MORTGAGORS: BUCCI, DON
BUCCI, JO
ADDRESS : 399 NORTH RIDGE STREET
MORTGAGE AMT: 301,500.00 CITY : RYE BROOK NY 10573
LIFETIME RATE : 7.62500
UNPAID BALANCE: 301,062.170 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,134.0090.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080259112 MORTGAGORS: LEVINE, CHARLES
ADDRESS : 3530 WOODWARD STREET
MORTGAGE AMT: 340,000.00 CITY : OCEANSIDE NY 11572
LIFETIME RATE : 7.50000
UNPAID BALANCE: 339,747.670 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,377.3380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080259393 MORTGAGORS: DONGIEUX, B.
ADDRESS : 3994 BENNIGAN LANE
MORTGAGE AMT: 279,950.00 CITY : DULUTH GA 30097
LIFETIME RATE : 6.87500
UNPAID BALANCE: 279,714.810 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,839.0780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080259443 MORTGAGORS: HARRIS, ROBERT
HARRIS, TERI
ADDRESS : 4187 STEPNEY DR.
MORTGAGE AMT: 271,900.00 CITY : GAINESVILLE VA 20155
LIFETIME RATE : 7.00000
UNPAID BALANCE: 271,677.120 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,808.9679.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080259468 MORTGAGORS: BLAUSTEN, EDMOND
BLAUSTEN, TOSHIKO
ADDRESS : 1879 CEDAR POINT ROAD
MORTGAGE AMT: 346,500.00 CITY : Goochland VA 23063
LIFETIME RATE : 7.50000
UNPAID BALANCE: 346,242.850 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,422.7890.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080259484 MORTGAGORS: ALDEN, JOHN
ALDEN, DOROTHY
ADDRESS : 5430 EAST NASSAU CIRCLE
MORTGAGE AMT: 521,100.00 CITY : Englewood CO 80110
LIFETIME RATE : 7.62500
UNPAID BALANCE: 520,722.850 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,688.3179.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080259526 MORTGAGORS: CORREIA, BRIAN
CORREIA, PATRICIA
ADDRESS : 226 BALMORAL COURT
MORTGAGE AMT: 367,700.00 CITY : Chester Springs PA 19425
LIFETIME RATE : 6.87500
UNPAID BALANCE: 367,391.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,415.5379.98000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080259534 MORTGAGORS: DANSEREAU, MAX
DANSEREAU, JOY
ADDRESS : 5486 EAST MINERAL LANE
MORTGAGE AMT: 396,000.00 CITY : Littleton CO 80122
LIFETIME RATE : 7.62500
UNPAID BALANCE: 395,713.390 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,802.8680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080259591 MORTGAGORS: WIGGINS, FRANK
WIGGINS, BETTY
ADDRESS : 4200 QUAIL RIDGE WAY
MORTGAGE AMT: 322,400.00 CITY : Norcross GA 30092
LIFETIME RATE : 7.50000
UNPAID BALANCE: 322,160.730 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,254.2780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080259625 MORTGAGORS: ENGELMANN, GREGORY
ENGELMANN, JODI
ADDRESS : 27 HUMMINGBIRD LN
MORTGAGE AMT: 277,950.00 CITY : Newark DE 19711
LIFETIME RATE : 6.50000
UNPAID BALANCE: 277,698.730 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,756.8379.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080259641 MORTGAGORS: ROCCO, MARK
PACHUTA, HOLLY
ADDRESS : 15 YOST AVENUE
MORTGAGE AMT: 253,500.00 CITY : Park Ridge IL 60068
LIFETIME RATE : 7.62500
UNPAID BALANCE: 253,316.520 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,794.2680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080259658 MORTGAGORS: FOX, ROBERT
FOX, SHARI
ADDRESS : 14806 HARVEST COURT
MORTGAGE AMT: 299,200.00 CITY : CENTREVILLE VA 20120
LIFETIME RATE : 7.00000
UNPAID BALANCE: 298,954.740 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,990.5980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080259716 MORTGAGORS: SCHOLTEN, GREGORY
SCHOLTEN, KATHLEEN
ADDRESS : 2017 BOPP RD.
MORTGAGE AMT: 340,000.00 CITY : Saint Louis MO 63131
LIFETIME RATE : 7.37500
UNPAID BALANCE: 339,741.280 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,348.3080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080259732 MORTGAGORS: MOXLEY, RICHARD
MOXLEY, JOYCE
ADDRESS : 10183 BESSIE CLEMSON RD.
MORTGAGE AMT: 276,660.00 CITY : Union Bridge MD 21791
LIFETIME RATE : 6.62500
UNPAID BALANCE: 275,675.540 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,771.4890.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080260086 MORTGAGORS: PRINTUP, ERIC
HERRERA, ANITA
ADDRESS : 8750 EAST WILEY WAY
MORTGAGE AMT: 227,650.00 CITY : ANAHEIM HIL CA 92808
LIFETIME RATE : 7.50000
UNPAID BALANCE: 227,311.030 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,591.7779.99002 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080260938 MORTGAGORS: ASSADPOUR, SHOHREh
ADDRESS : 2151 EAST CHEVY CHASE DRI
MORTGAGE AMT: 250,650.00 CITY : GLENDALE CA 91206
LIFETIME RATE : 8.50000
UNPAID BALANCE: 250,345.240 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,927.2890.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.50000 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080260979 MORTGAGORS: BARRETT, RICHARD
BARRETT, CAROL
ADDRESS : 2484 AZURE COAST DRIVE
MORTGAGE AMT: 363,500.00 CITY : LA JOLLA CA 92037
LIFETIME RATE : 8.50000
UNPAID BALANCE: 363,058.020 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,795.0074.95000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.50000 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080260987 MORTGAGORS: BASTIAANSE, GERALD
BASTIAANSE, PAULA
ADDRESS : 2 SAN SEBASTIAN
MORTGAGE AMT: 800,000.00 CITY : NEWPORT BEACH CA 92660
LIFETIME RATE : 7.37500
UNPAID BALANCE: 798,778.800 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 5,525.4036.36000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080261068 MORTGAGORS: CARLSON, DEANNE
ADDRESS : 22765 BURLWOOD
MORTGAGE AMT: 366,800.00 CITY : MISSION VIEJO CA 92692
LIFETIME RATE : 8.50000
UNPAID BALANCE: 366,354.020 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,820.3779.95000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.50000 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080261191 MORTGAGORS: COX, DALE
COX, PATRICIA
ADDRESS : 3421 LA SELVA PLACE
MORTGAGE AMT: 503,000.00 CITY : PALOS VERDES ESTATS CA 90274
LIFETIME RATE : 8.25000
UNPAID BALANCE: 502,356.310 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,778.8874.52000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080261233 MORTGAGORS: DAVIS, STEVEN
DAVIS, SALLY
ADDRESS : 238 SANTA CATALINA
MORTGAGE AMT: 252,000.00 CITY : SANTA BARBARA CA 93109
LIFETIME RATE : 8.62500
UNPAID BALANCE: 251,701.370 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,960.0354.90000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.62500 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080261266 MORTGAGORS: DE LEON, BERNARDO
DE LEON, LUZVIMINDA
ADDRESS : 3278 ADAMSWOOD DRIVE
MORTGAGE AMT: 300,000.00 CITY : SAN JOSE CA 95148
LIFETIME RATE : 7.62500
UNPAID BALANCE: 299,564.360 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,123.3875.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080261290 MORTGAGORS: DIZAYER, DANIEL
DIZAYER, TERESA
ADDRESS : 1766 1770 WABASSO WAY AND
MORTGAGE AMT: 295,000.00 CITY : GLENDALE CA 91208
LIFETIME RATE : 8.87500
UNPAID BALANCE: 294,668.020 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,347.1665.56000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.87500 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080261399 MORTGAGORS: GHAYUR, BILAL
BILAL, TANZEELA
ADDRESS : 3867 RANCHO PALOMARES DR
MORTGAGE AMT: 305,000.00 CITY : CASTRO VALLEY CA 94552
LIFETIME RATE : 9.50000
UNPAID BALANCE: 304,849.970 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,564.6173.49000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 9.50000 MATURITY DATE:
PRODUCT CODE: 351 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080261415 MORTGAGORS: GOLDENHERSH, JENNIFER
ADDRESS : 1149 HIGHLAND DRIVE
MORTGAGE AMT: 600,000.00 CITY : SOLANA BEACH CA 92014
LIFETIME RATE : 8.62500
UNPAID BALANCE: 599,288.970 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,666.7472.73000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.62500 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080261514 MORTGAGORS: HENDERSON, 5
HENDERSON, KATHLEEN
ADDRESS : 30 ANNESCOURT PLACE
MORTGAGE AMT: 575,000.00 CITY : HILLSBOROUGH CA 94010
LIFETIME RATE : 9.25000
UNPAID BALANCE: 574,401.520 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,730.3840.35000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 9.25000 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080261571 MORTGAGORS: JONES, DENNIS
ADDRESS : 4447 SUNSET AVENUE
MORTGAGE AMT: 295,000.00 CITY : MONTROSE CA 91020
LIFETIME RATE : 8.75000
UNPAID BALANCE: 294,830.270 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,320.7771.95000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.75000 MATURITY DATE:
PRODUCT CODE: 351 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080261589 MORTGAGORS: RUBIN, MARC
RUBIN, JULIE
ADDRESS : 3765 CHIMNEY HILL DRIVE
MORTGAGE AMT: 300,000.00 CITY : Cincinnati OH 45241
LIFETIME RATE : 7.00000
UNPAID BALANCE: 299,754.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,995.9175.19000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080261613 MORTGAGORS: KAPPAS, GEORGE
ADDRESS : 30 NORTH BASSWOOD AVENUE
MORTGAGE AMT: 290,000.00 CITY : AGOURA HILLS CA 91301
LIFETIME RATE : 8.50000
UNPAID BALANCE: 289,647.390 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,229.8574.36000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.50000 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080261647 MORTGAGORS: LANDON, EUGENE
LANDON, ELIZABETH
ADDRESS : 514 CEDAR STREET
MORTGAGE AMT: 292,000.00 CITY : APTOS CA 95003
LIFETIME RATE : 8.62500
UNPAID BALANCE: 291,827.600 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,271.1580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.62500 MATURITY DATE:
PRODUCT CODE: 351 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080261837 MORTGAGORS: MOLLOY, ARTHUR
MOLLOY, DENISE
ADDRESS : 8024 GILMAN COURT
MORTGAGE AMT: 450,000.00 CITY : SAN DIEGO CA 92037
LIFETIME RATE : 9.37500
UNPAID BALANCE: 449,543.740 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,742.8776.68000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 9.37500 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080261951 MORTGAGORS: POLK, CHARLES
POLK, STEPHANIE
ADDRESS : 324 EAST WHITTLEY AVENUE
MORTGAGE AMT: 298,000.00 CITY : AVALON CA 90704
LIFETIME RATE : 8.62500
UNPAID BALANCE: 297,646.870 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,317.8170.95000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.62500 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080262017 MORTGAGORS: PUSHPALA, SAGAR
PUSHPALA, SHAMIM
ADDRESS : 1637 EAGLE DR
MORTGAGE AMT: 480,000.00 CITY : SUNNYVALE CA 94087
LIFETIME RATE : 9.25000
UNPAID BALANCE: 479,500.400 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,948.8466.12000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 9.25000 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080262090 MORTGAGORS: SAGHAFI, REINA
ADDRESS : 3224 AND 3226 25TH STREET
MORTGAGE AMT: 300,000.00 CITY : SAN FRANCISCO CA 94110
LIFETIME RATE : 8.50000
UNPAID BALANCE: 299,635.230 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,306.7475.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.50000 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080262157 MORTGAGORS: SHANE, PAUL
SHANE, KATHY
ADDRESS : 21421 VISTA ESTATE DRIVE
MORTGAGE AMT: 298,100.00 CITY : LAKE FOREST CA 92630
LIFETIME RATE : 9.37500
UNPAID BALANCE: 297,797.760 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,479.4474.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 9.37500 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080262272 MORTGAGORS: TOMS, JENNIFER
ADDRESS : 20691 PORTER RANCH ROAD
MORTGAGE AMT: 315,500.00 CITY : TRABUCO CANYON CA 92679
LIFETIME RATE : 7.15000
UNPAID BALANCE: 314,996.390 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,130.9178.89000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.15000 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080262355 MORTGAGORS: WYSZKOWSKI, CHRISTOPHER
WYSZKOWSKI, JOANNA
ADDRESS : 6774 SANDALWOOD DRIVE
MORTGAGE AMT: 258,300.00 CITY : SIMI VALLEY CA 93063
LIFETIME RATE : 8.37500
UNPAID BALANCE: 257,977.780 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,963.2790.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.37500 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080262363 MORTGAGORS: YARNELL, FRANK
ADDRESS : 1915 SAN ANDRES STREET
MORTGAGE AMT: 500,000.00 CITY : SANTA BARBARA CA 93101
LIFETIME RATE : 8.87500
UNPAID BALANCE: 499,437.320 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,978.2270.92000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.87500 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080263528 MORTGAGORS: MILLER, TODD
ADDRESS : 3213 THATCHER AVENUE
MORTGAGE AMT: 316,350.00 CITY : MARINA DEL CA 90292
LIFETIME RATE : 8.50000
UNPAID BALANCE: 316,350.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,432.4695.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080263668 MORTGAGORS: MURPHY, CHRISTOPHE
THURSTON, JOY
ADDRESS : 22632 E RIDGE TRAIL DRIVE
MORTGAGE AMT: 282,800.00 CITY : AURORA CO 80016
LIFETIME RATE : 8.25000
UNPAID BALANCE: 282,619.670 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,124.5894.98539 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080263882 MORTGAGORS: BRADY, DON
BRADY, CATHERINE
ADDRESS : 2489 HARVEST MEADOW PLACE
MORTGAGE AMT: 255,550.00 CITY : PASO ROBLES CA 93446
LIFETIME RATE : 7.50000
UNPAID BALANCE: 255,169.510 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,786.8495.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080263999 MORTGAGORS: PERME, DAVID
PERME, MONICA
ADDRESS : 871 NATHAN HALE ROAD
MORTGAGE AMT: 272,000.00 CITY : BERWYN PA 19312
LIFETIME RATE : 7.87500
UNPAID BALANCE: 272,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,972.1980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080264179 MORTGAGORS: PEARSON, DAVID
JOVANOVIC, BILJANA
ADDRESS : 4722 MURAT PLACE
MORTGAGE AMT: 262,400.00 CITY : SAN DIEGO CA 92117
LIFETIME RATE : 7.37500
UNPAID BALANCE: 262,200.340 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,812.3380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080264534 MORTGAGORS: MOORE, STEVEN
MOORE, CHERYL
ADDRESS : 1866 NORTH CALLE PETALUMA
MORTGAGE AMT: 391,200.00 CITY : THOUSAND OA CA 91360
LIFETIME RATE : 7.62500
UNPAID BALANCE: 390,916.860 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,768.8980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080264989 MORTGAGORS: RUBACK, SANFORD
RUBACK, JUDITH
ADDRESS : 1230 HARBOR COURT
MORTGAGE AMT: 450,000.00 CITY : Hollywood FL 33019
LIFETIME RATE : 7.75000
UNPAID BALANCE: 449,682.390 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,223.8650.82000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080265010 MORTGAGORS: PICARDI, JOHN
PICARDI, SUSAN
ADDRESS : 1422 BENBROOKE RIDGE
MORTGAGE AMT: 249,500.00 CITY : Acworth GA 30101
LIFETIME RATE : 7.12500
UNPAID BALANCE: 249,300.480 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,680.9379.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080265028 MORTGAGORS: CELECIA, KENNETH
CELECIA, MARGARET
ADDRESS : 720 LORIDANS DR
MORTGAGE AMT: 280,000.00 CITY : Atlanta GA 30342
LIFETIME RATE : 7.75000
UNPAID BALANCE: 279,802.380 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,005.9580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080265044 MORTGAGORS: PFEIFFER, TIMOTHY
HUMMEL, JOHN
ADDRESS : 9291 OLD BONHOMME RD
MORTGAGE AMT: 340,000.00 CITY : Olivette MO 63132
LIFETIME RATE : 7.62500
UNPAID BALANCE: 339,753.920 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,406.5080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080265085 MORTGAGORS: HESS, EDWARD
PIETRAS, GAIL
ADDRESS : 1903 WEST ARMITAGE UNIT 1
MORTGAGE AMT: 279,000.00 CITY : CHICAGO IL 60622
LIFETIME RATE : 8.37500
UNPAID BALANCE: 279,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,120.6187.46082 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.37500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080265424 MORTGAGORS: KAPLAN, MICHAEL
KAPLAN, SHELLEY
ADDRESS : 12 PALMWOOD
MORTGAGE AMT: 426,650.00 CITY : IRVINE CA 92618
LIFETIME RATE : 7.37500
UNPAID BALANCE: 426,325.350 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,946.7779.99423 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080265432 MORTGAGORS: HERMANSON, MARK
HERMANSON, KATHRINE
ADDRESS : 2973 HUMESTON AVENUE
MORTGAGE AMT: 351,700.00 CITY : TUSTIN CA 92782
LIFETIME RATE : 7.37500
UNPAID BALANCE: 351,432.380 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,429.1189.99488 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080265440 MORTGAGORS: HEINEMANN, KENNETH
HEINEMANN, B
ADDRESS : 5580 DIABLO HILLS ROAD
MORTGAGE AMT: 320,500.00 CITY : TRES PINOS CA 95075
LIFETIME RATE : 7.25000
UNPAID BALANCE: 320,249.970 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,186.3856.72566 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080265705 MORTGAGORS: MICHAEL, ALOYSTUS
ADDRESS : 1315 NORTH PACIFIC AVENUE
MORTGAGE AMT: 297,000.00 CITY : GLENDALE CA 91207
LIFETIME RATE : 7.12500
UNPAID BALANCE: 296,762.500 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,000.9490.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080265796 MORTGAGORS: HALL, LANCE
HALL, PHOEBE
ADDRESS : 2 PALMWOOD
MORTGAGE AMT: 440,900.00 CITY : IRVINE CA 92618
LIFETIME RATE : 7.37500
UNPAID BALANCE: 440,564.510 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,045.1979.99840 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080265820 MORTGAGORS: EGOSI, RICHARD
EGOSI, SHARON
ADDRESS : 1620 TUCKERSTOWN ROAD
MORTGAGE AMT: 384,400.00 CITY : DRESHER PA 19025
LIFETIME RATE : 7.50000
UNPAID BALANCE: 384,114.720 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,687.7880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080266117 MORTGAGORS: JITNOOM, SUMITRA
ADDRESS : 23318 SUNNYVALE COURT
MORTGAGE AMT: 254,600.00 CITY : VALENCIA CA 91354
LIFETIME RATE : 8.87500
UNPAID BALANCE: 254,600.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,025.7195.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.87500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080266224 MORTGAGORS: WINES, RICHARD
WINES, NOREEN
ADDRESS : 15 VALEROSO
MORTGAGE AMT: 263,700.00 CITY : RANCHO SANT CA 92688
LIFETIME RATE : 6.75000
UNPAID BALANCE: 262,318.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,710.3694.99108 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 03/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080266448 MORTGAGORS: DIBRE, ALAIN
DIBRE, AMY
ADDRESS : 15 DRAYTON PLACE
MORTGAGE AMT: 300,000.00 CITY : WAYNE NJ 07470
LIFETIME RATE : 7.37500
UNPAID BALANCE: 299,771.720 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,072.0375.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080266497 MORTGAGORS: NYMAN, STEVEN
NYMAN, ROSEMARY
ADDRESS : 1 WILSON BOULEVARD
MORTGAGE AMT: 301,500.00 CITY : ISLIP NY 11751
LIFETIME RATE : 8.00000
UNPAID BALANCE: 301,297.690 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,212.3186.14286 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080266521 MORTGAGORS: WASHINGTON, JOHNNY
WASHINGTON, RUBY
ADDRESS : 396 MARYLAND AVE
MORTGAGE AMT: 260,990.00 CITY : FREEPORT NY 11520
LIFETIME RATE : 8.25000
UNPAID BALANCE: 260,823.570 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,960.7489.99966 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080266661 MORTGAGORS: WINE, LARRY
WINE, JANE
ADDRESS : 950 BURRIDGE COURT
MORTGAGE AMT: 279,600.00 CITY : LIBERTYVILL IL 60048
LIFETIME RATE : 8.37500
UNPAID BALANCE: 279,600.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,125.1780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.37500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080266752 MORTGAGORS: CARTER, JOHN
DIXON, KEVIN
ADDRESS : 1404 CLEVELAND ROAD
MORTGAGE AMT: 276,000.00 CITY : GLENDALE CA 91202
LIFETIME RATE : 7.87500
UNPAID BALANCE: 275,810.050 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,001.2080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080266927 MORTGAGORS: GARCIA, SHARON
ADDRESS : 16819 LAKEPOINTE DRIVE
MORTGAGE AMT: 68,000.00 CITY : Riverside(AREA) CA 92503
LIFETIME RATE : 8.25000
UNPAID BALANCE: 67,956.630 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 510.8730.76923 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080266935 MORTGAGORS: SIMON, RALPH
ADDRESS : 7186 PARK VILLAGE ROAD
MORTGAGE AMT: 270,000.00 CITY : SAN DIEGO CA 92129
LIFETIME RATE : 7.75000
UNPAID BALANCE: 269,809.440 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,934.3171.61804 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080266968 MORTGAGORS: AKHAVAN, JOHN
AKHAVAN, NAHID
ADDRESS : 23 TRADITION PLACE
MORTGAGE AMT: 265,000.00 CITY : IRVINE CA 92602
LIFETIME RATE : 7.75000
UNPAID BALANCE: 263,604.950 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,898.4972.60274 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080266984 MORTGAGORS: MANZANO, SONNY
MANZANO, NADINE
ADDRESS : 12019 DAPPLE WAY
MORTGAGE AMT: 295,100.00 CITY : SAN DIEGO CA 92128
LIFETIME RATE : 7.75000
UNPAID BALANCE: 294,891.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,114.1479.77832 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080267032 MORTGAGORS: GERACE, GERALD
GERACE, VERONICA
ADDRESS : 910 LAFAYETTE PLACE
MORTGAGE AMT: 243,850.00 CITY : CHULA VISTA CA 91913
LIFETIME RATE : 8.00000
UNPAID BALANCE: 243,686.380 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,789.2979.98885 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080267057 MORTGAGORS: BOKER, EVA
BOKER, STEVEN
ADDRESS : 26250 WEST BEECHER LANE
MORTGAGE AMT: 289,550.00 CITY : STEVENSON R CA 91381
LIFETIME RATE : 7.37500
UNPAID BALANCE: 289,329.670 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,999.8679.98840 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080267081 MORTGAGORS: JHA, SHIVDUTT
JHA, SMITA
ADDRESS : 835 MARY CAROLINE DRIVE
MORTGAGE AMT: 283,200.00 CITY : SAN JOSE CA 95133
LIFETIME RATE : 8.00000
UNPAID BALANCE: 283,009.980 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,078.0280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080267826 MORTGAGORS: O'HANLON, JOHN
O'HANLON, LORAINE
ADDRESS : 9 WINDEMERE ROAD
MORTGAGE AMT: 435,000.00 CITY : WELLESLEY MA 02481
LIFETIME RATE : 7.50000
UNPAID BALANCE: 434,677.170 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,041.5875.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080267842 MORTGAGORS: SENIW, JOSEPH
SENIW, KIMBRA
ADDRESS : 10141 SUMMIT VIEW POINT
MORTGAGE AMT: 345,850.00 CITY : Highlands Ranch CO 80126
LIFETIME RATE : 7.75000
UNPAID BALANCE: 345,605.900 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,477.7180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080267867 MORTGAGORS: TANG, ERWIN
ADDRESS : 6616 SHADY CREEK CIRCLE
MORTGAGE AMT: 592,786.00 CITY : Plano TX 75024
LIFETIME RATE : 7.62500
UNPAID BALANCE: 592,356.960 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,195.7080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080267891 MORTGAGORS: HARTBRODT, RICK
ADDRESS : 7 MARSH ISLAND LANE
MORTGAGE AMT: 601,000.00 CITY : Savannah GA 31411
LIFETIME RATE : 7.25000
UNPAID BALANCE: 600,531.160 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,099.8876.66000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080267909 MORTGAGORS: NGYUEN, TRUONG
HUYEN, PHUONG
ADDRESS : 2314 SEWANEE LANE
MORTGAGE AMT: 273,750.00 CITY : Arcadia CA 91007
LIFETIME RATE : 7.50000
UNPAID BALANCE: 273,546.840 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,914.1078.78000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080267917 MORTGAGORS: KASTNER, ELANA
KASTNER, RONNIE
ADDRESS : 751 GILBERT PL
MORTGAGE AMT: 320,000.00 CITY : North Woodmere NY 11581
LIFETIME RATE : 7.37500
UNPAID BALANCE: 319,627.860 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,338.8180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/24
---------------------------------------------------------------------------------------------------------------------------
LN # 0080267925 MORTGAGORS: MILLER, SCOTT
MILLER, CINDY
ADDRESS : 112 DANBY CT
MORTGAGE AMT: 292,000.00 CITY : Churchville PA 18966
LIFETIME RATE : 7.62500
UNPAID BALANCE: 291,788.660 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,066.7672.32000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080267933 MORTGAGORS: SHUBIN, PETER
SHUBIN, CHARLESIA
ADDRESS : 5081 WINDSOR BOULEVARD
MORTGAGE AMT: 350,000.00 CITY : CAMBRIA CA 93428
LIFETIME RATE : 8.25000
UNPAID BALANCE: 349,776.820 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,629.4378.65169 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080267958 MORTGAGORS: FALK, WILLIAM
LIANG, ANNA
ADDRESS : 1915 1917 TARAVAL STREET
MORTGAGE AMT: 390,400.00 CITY : SAN FRANCIS CA 94116
LIFETIME RATE : 8.12500
UNPAID BALANCE: 390,144.620 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,898.7180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080267966 MORTGAGORS: BUGATTO, BARRY
BUGATTO, LORRIE
ADDRESS : 68 CONVENT COURT
MORTGAGE AMT: 364,000.00 CITY : SAN RAFAEL CA 94901
LIFETIME RATE : 7.50000
UNPAID BALANCE: 363,729.860 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,545.1458.82828 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080267974 MORTGAGORS: SANCHEZ, ERNIE
SANCHEZ, GUADALUPE
ADDRESS : 977 ST GERMAIN ROAD
MORTGAGE AMT: 248,100.00 CITY : CHULA VISTA CA 91913
LIFETIME RATE : 8.37500
UNPAID BALANCE: 247,945.790 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,885.7494.99887 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080267982 MORTGAGORS: CARY, MAUREEN
ADDRESS : 5395 VIA CARTAGENA
MORTGAGE AMT: 312,000.00 CITY : YORBA LINDA CA 92886
LIFETIME RATE : 7.75000
UNPAID BALANCE: 311,779.790 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,235.2180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080268006 MORTGAGORS: ADAMS, RICHARD
ADAMS, CATHERINE
ADDRESS : 5 VIA PELAYO
MORTGAGE AMT: 265,750.00 CITY : RANCHO SANT CA 92688
LIFETIME RATE : 7.37500
UNPAID BALANCE: 265,547.790 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,835.4779.99579 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080268014 MORTGAGORS: DE MASTERS, NANETTE
KAZANJIAN, DONNA
ADDRESS : 3918 MISSION STREET
MORTGAGE AMT: 260,000.00 CITY : SAN FRANCIS CA 94112
LIFETIME RATE : 7.37500
UNPAID BALANCE: 259,802.160 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,795.7680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080268022 MORTGAGORS: KRAVITZ, KEN
KRAVITZ, GEORGETTE
ADDRESS : 8 VIA PELAYO
MORTGAGE AMT: 276,983.10 CITY : RANCHO SANT CA 92688
LIFETIME RATE : 7.87500
UNPAID BALANCE: 276,792.480 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,008.3290.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080268030 MORTGAGORS: KIESSELBACH, JOHN
KIESSELBACH, JAN
ADDRESS : 14920 SWISS LANE
MORTGAGE AMT: 350,000.00 CITY : TRUCKEE CA 96161
LIFETIME RATE : 7.87500
UNPAID BALANCE: 349,759.140 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,537.7459.82906 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080268055 MORTGAGORS: ANDREWS, TODD
ANDREWS, KIRSTEN
ADDRESS : 25649 NORTH MOORE LANE
MORTGAGE AMT: 288,500.00 CITY : STEVENSON R CA 91381
LIFETIME RATE : 8.00000
UNPAID BALANCE: 288,306.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,116.9279.99179 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080268063 MORTGAGORS: PARK, MOON
PARK, CLARA
ADDRESS : 67 EAGLE CREEK
MORTGAGE AMT: 387,950.00 CITY : IRVINE CA 92618
LIFETIME RATE : 7.37500
UNPAID BALANCE: 387,654.800 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,679.4879.99134 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080268147 MORTGAGORS: WAGMAN, ALLAN
WAGMAN, CAROLYN
ADDRESS : 25634 NORTH MOORE LANE
MORTGAGE AMT: 345,000.00 CITY : STEVENSON R CA 91381
LIFETIME RATE : 7.12500
UNPAID BALANCE: 344,347.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,700.7374.44410 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/19
---------------------------------------------------------------------------------------------------------------------------
LN # 0080268444 MORTGAGORS: RAGUDO, CARLOS
ADDRESS : 883 W RINCON AVENUE
MORTGAGE AMT: 338,000.00 CITY : CAMPBELL CA 95008
LIFETIME RATE : 7.50000
UNPAID BALANCE: 337,749.150 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,363.3570.63741 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080268956 MORTGAGORS: DODDS, JEFFREY
DODDS, MELISSA
ADDRESS : 120 OLDE WOOD ROAD
MORTGAGE AMT: 250,000.00 CITY : GLASTONBURY CT 06033
LIFETIME RATE : 7.12500
UNPAID BALANCE: 249,473.230 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,684.3069.44444 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080269020 MORTGAGORS: O'KANE, KEVIN
ADDRESS : 12417 LAUREL TERRACE DRIV
MORTGAGE AMT: 284,000.00 CITY : LOS ANGELES CA 91604
LIFETIME RATE : 8.12500
UNPAID BALANCE: 283,438.900 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,108.6971.89873 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.12500 MATURITY DATE:
PRODUCT CODE: 351 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080269160 MORTGAGORS: LANGFORD, GARY
ADDRESS : 6771 NORTH SEQUOIA DRIVE
MORTGAGE AMT: 317,600.00 CITY : FRESNO CA 93711
LIFETIME RATE : 8.00000
UNPAID BALANCE: 317,172.360 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,330.4480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080269285 MORTGAGORS: ANDERSON, JEFFREY
ANDERSON, CHERYL
ADDRESS : 8620 N AVENIDA DEL SOL
MORTGAGE AMT: 456,000.00 CITY : PARADISE VALLEY AZ 85253
LIFETIME RATE : 7.75000
UNPAID BALANCE: 455,354.240 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,266.8480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080269343 MORTGAGORS: KARIM, FELIX
CRAIG, MARY
ADDRESS : 732 LAUREL DRIVE
MORTGAGE AMT: 338,400.00 CITY : WALNUT CREE CA 94596
LIFETIME RATE : 7.50000
UNPAID BALANCE: 338,148.860 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,366.1480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080269459 MORTGAGORS: BARTHEL, DAVID
BARTHEL, LYNNE
ADDRESS : 14701 STONE ROAD
MORTGAGE AMT: 312,000.00 CITY : WAYZATA MN 55391
LIFETIME RATE : 7.62500
UNPAID BALANCE: 311,318.220 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,208.3280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 351 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080269541 MORTGAGORS: FUONG, GRACE
ADDRESS : 30 SANTA MONICA WAY
MORTGAGE AMT: 457,100.00 CITY : SAN FRANCIS CA 94127
LIFETIME RATE : 7.50000
UNPAID BALANCE: 455,249.230 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,196.1148.11579 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080269715 MORTGAGORS: SALAS, JUAN
ADDRESS : 31901 VIA OSO
MORTGAGE AMT: 416,000.00 CITY : TRABUCO CAN CA 92679
LIFETIME RATE : 8.00000
UNPAID BALANCE: 415,439.880 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,052.4668.64686 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 351 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080269749 MORTGAGORS: KHEHRA, BALRAM
KHEHRA, HARPAL
ADDRESS : 690 BRADBURY DRIVE
MORTGAGE AMT: 303,000.00 CITY : REDLANDS CA 92374
LIFETIME RATE : 7.50000
UNPAID BALANCE: 302,775.130 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,118.6279.94723 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080270770 MORTGAGORS: WALKER BROWN, JACQUELINE
BROWN, CALVIN
ADDRESS : 23035 SONOITA
MORTGAGE AMT: 344,000.00 CITY : MISSION VIE CA 92691
LIFETIME RATE : 7.50000
UNPAID BALANCE: 343,397.420 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,405.3080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080270796 MORTGAGORS: COOPER, JAMES
GIBSON, DORENE
ADDRESS : 12852 FOSTER ROAD
MORTGAGE AMT: 339,200.00 CITY : LOS ALAMITO CA 90720
LIFETIME RATE : 7.50000
UNPAID BALANCE: 338,694.950 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,371.7479.83055 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080270812 MORTGAGORS: MC CARTY, WILLIAM
SERIO MC CAR, JENNIFER
ADDRESS : 1860 SOUTH WATSON STREET
MORTGAGE AMT: 394,150.00 CITY : LA HABRA CA 90631
LIFETIME RATE : 7.50000
UNPAID BALANCE: 393,857.480 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,755.9674.99948 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080270820 MORTGAGORS: ST PIERRE, BEVERLY
LOAIZA, RAFAEL
ADDRESS : 12 PANDALE
MORTGAGE AMT: 318,400.00 CITY : FOOTHILL RA CA 92610
LIFETIME RATE : 7.25000
UNPAID BALANCE: 317,901.740 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,172.0580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080270929 MORTGAGORS: KORSON, STEPHEN
KORSON, ROCHELLE
ADDRESS : 115 KENT PLACE BLVD
MORTGAGE AMT: 700,000.00 CITY : SUMMIT NJ 07901
LIFETIME RATE : 7.50000
UNPAID BALANCE: 698,431.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,894.5160.86957 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 351 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080270978 MORTGAGORS: LEE, STEPHEN
CZARK, SUSAN
ADDRESS : 1760 CLEVELAND AVENUE
MORTGAGE AMT: 260,000.00 CITY : SAN JOSE CA 95126
LIFETIME RATE : 7.25000
UNPAID BALANCE: 259,797.170 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,773.6667.53247 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080270986 MORTGAGORS: ADELEKE, MICHAEL
ADELEKE, MARY
ADDRESS : 2434 TUSCANY WAY
MORTGAGE AMT: 444,000.00 CITY : FULLERTON CA 92835
LIFETIME RATE : 7.50000
UNPAID BALANCE: 443,670.490 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,104.5180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080270994 MORTGAGORS: ADAMS, DEAN
ADAMS, LISA
ADDRESS : 16545 APPLE STREET
MORTGAGE AMT: 250,000.00 CITY : FOUNTAIN VA CA 92708
LIFETIME RATE : 7.00000
UNPAID BALANCE: 249,173.110 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,663.2674.62687 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080271000 MORTGAGORS: HANCOCK, GREGORY
CLAYTON, HOLLY
ADDRESS : 1530 HARPER AVENUE
MORTGAGE AMT: 375,200.00 CITY : REDONDO BEA CA 90278
LIFETIME RATE : 7.12500
UNPAID BALANCE: 374,899.960 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,527.7979.82979 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080271026 MORTGAGORS: HEWETT, DENNIS
HEWETT, ELIZABETH
ADDRESS : 2187 LAGRANGE COURT
MORTGAGE AMT: 445,000.00 CITY : LIVERMORE CA 94550
LIFETIME RATE : 7.00000
UNPAID BALANCE: 444,635.230 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,960.6067.93893 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080271232 MORTGAGORS: KIRSCH, CARLOS
KIRSCH, PATRICIA
ADDRESS : 1104 E COVINA BOULEVARD
MORTGAGE AMT: 290,250.00 CITY : COVINA CA 91724
LIFETIME RATE : 7.00000
UNPAID BALANCE: 289,532.050 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,931.0590.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080271273 MORTGAGORS: GHANI, RIZA
GHANI, MAHMOOD GHANI, EDITHA
ADDRESS : 9274 MONMOUTH COURT
MORTGAGE AMT: 269,850.00 CITY : ELK GROVE CA 95758
LIFETIME RATE : 8.25000
UNPAID BALANCE: 269,677.930 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,027.2972.95452 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080271455 MORTGAGORS: LEONG, ARTHUR
LEONG, NANCY
ADDRESS : 3548 3550 DIVISADERO ST
MORTGAGE AMT: 650,000.00 CITY : SAN FRANCIS CA 94123
LIFETIME RATE : 7.75000
UNPAID BALANCE: 649,541.240 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,656.6868.42105 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080271778 MORTGAGORS: HENZE, CHRIS
ADDRESS : 14505 ROUND VALLEY DRIVE
MORTGAGE AMT: 392,000.00 CITY : SHERMAN OAK CA 91403
LIFETIME RATE : 7.75000
UNPAID BALANCE: 391,723.330 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,808.3480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080271794 MORTGAGORS: SMITH, KYLE
SMITH, LAURA
ADDRESS : 3075 MARLO COURT
MORTGAGE AMT: 279,200.00 CITY : APTOS CA 95003
LIFETIME RATE : 7.62500
UNPAID BALANCE: 278,997.910 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,976.1780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080271810 MORTGAGORS: ROTNER, MARK
MICHAELS, ROBERT
ADDRESS : 821 DEDERICK COURT
MORTGAGE AMT: 320,000.00 CITY : SAN JOSE CA 95125
LIFETIME RATE : 7.25000
UNPAID BALANCE: 319,750.360 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,182.9762.20259 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080271828 MORTGAGORS: GAFF, CHRISTOPHE
GAFF, CORI
ADDRESS : 25621 NORTH MOORE LANE
MORTGAGE AMT: 285,200.00 CITY : STEVENSON R CA 91381
LIFETIME RATE : 7.87500
UNPAID BALANCE: 285,003.730 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,067.9079.98699 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080271836 MORTGAGORS: DORSEY, EDWARD
DORSEY, SUSAN
ADDRESS : 2350 CALISTOGA DRIVE
MORTGAGE AMT: 269,050.00 CITY : HOLLISTER CA 95023
LIFETIME RATE : 7.25000
UNPAID BALANCE: 268,840.110 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,835.4094.98341 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080271869 MORTGAGORS: CONTI, DAVID
BEVILACQUA, BARBARA
ADDRESS : 8281 SKYLINE CIRCLE
MORTGAGE AMT: 346,000.00 CITY : OAKLAND CA 94605
LIFETIME RATE : 8.12500
UNPAID BALANCE: 345,773.660 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,569.0577.23214 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080271992 MORTGAGORS: PERROTTA, LOUIS
ADDRESS : 19 MAURICE LANE
MORTGAGE AMT: 272,000.00 CITY : HUNTINGTON NY 11743
LIFETIME RATE : 8.25000
UNPAID BALANCE: 272,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,043.4580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080272024 MORTGAGORS: CREASON, ERIC
CREASON, MICHELE
ADDRESS : 3390 AVENIDA NIEVE
MORTGAGE AMT: 310,000.00 CITY : CARLSBAD CA 92009
LIFETIME RATE : 7.62500
UNPAID BALANCE: 309,775.630 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,194.1659.04762 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080272453 MORTGAGORS: FIOLA, ROGER
ADDRESS : 29267 COUNTRY HILLS ROAD
MORTGAGE AMT: 281,000.00 CITY : SAN JUAN CA CA 92675
LIFETIME RATE : 8.25000
UNPAID BALANCE: 281,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,111.0669.98755 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080273303 MORTGAGORS: LEVIS, ELLIOTT
ADDRESS : 1102 TIMBERGATE DRIVE
MORTGAGE AMT: 400,000.00 CITY : RYDAL PA 19046
LIFETIME RATE : 6.87500
UNPAID BALANCE: 399,663.950 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,627.7269.66214 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080273725 MORTGAGORS: HAMMILL, TIMOTHY
ADDRESS : 100 BRONSON STREET
MORTGAGE AMT: 306,000.00 CITY : WATSONVILLE CA 95076
LIFETIME RATE : 7.87500
UNPAID BALANCE: 305,789.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,218.7290.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080273881 MORTGAGORS: STANLEY, JAMES
STANLEY, KATHLEEN
ADDRESS : 3015 SILVERADO TRAIL
MORTGAGE AMT: 408,800.00 CITY : NAPA CA 94558
LIFETIME RATE : 7.75000
UNPAID BALANCE: 408,800.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,928.7080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080274335 MORTGAGORS: WHITAKER, HORACE
WHITAKER, AUDREY
ADDRESS : 6 MAYFLOWER CIRCLE
MORTGAGE AMT: 271,800.00 CITY : FRAMINGHAM MA 01702
LIFETIME RATE : 8.62500
UNPAID BALANCE: 271,800.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,114.0390.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.62500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080274467 MORTGAGORS: POPE, WINFRED
POPE, CAROL
ADDRESS : 21441 BIRDHOLLOW DRIVE
MORTGAGE AMT: 290,000.00 CITY : TRABUCO CAN CA 92679
LIFETIME RATE : 7.75000
UNPAID BALANCE: 289,795.320 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,077.6063.73626 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080274988 MORTGAGORS: SLOAN, JOHN
SLOAN, LISA
ADDRESS : 12630 CARNATION STREET
MORTGAGE AMT: 170,950.00 CITY : CORONA CA 91720
LIFETIME RATE : 7.12500
UNPAID BALANCE: 170,813.290 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,151.7379.99981 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080275043 MORTGAGORS: KARCHER, LINDA
ADDRESS : 16 DAHLIA
MORTGAGE AMT: 259,100.00 CITY : IRVINE CA 92618
LIFETIME RATE : 8.00000
UNPAID BALANCE: 258,926.150 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,901.1879.99383 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080275068 MORTGAGORS: SOBRINO, RAMON
SOBRINO, MARY
ADDRESS : 8701 FENWAY DRIVE
MORTGAGE AMT: 405,300.00 CITY : Bethesda MD 20817
LIFETIME RATE : 7.25000
UNPAID BALANCE: 404,665.750 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,764.8680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080275191 MORTGAGORS: HARPER, ANNETTE
ADDRESS : 5838 EAST INDIGO COURT
MORTGAGE AMT: 202,000.00 CITY : ORANGE CA 92869
LIFETIME RATE : 7.62500
UNPAID BALANCE: 201,853.790 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,429.7562.73292 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080275225 MORTGAGORS: BOWEN, BEVERLY
ADDRESS : 1951 ALTOZANO DRIVE
MORTGAGE AMT: 311,100.00 CITY : EL CAJON CA 92020
LIFETIME RATE : 7.25000
UNPAID BALANCE: 310,779.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,122.2679.99733 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080275266 MORTGAGORS: SGRO, JAMES
SGRO, VERONICA
ADDRESS : 3241 DAHL DRIVE
MORTGAGE AMT: 280,000.00 CITY : HACIENDA HEIGHTS CA 91745
LIFETIME RATE : 8.00000
UNPAID BALANCE: 279,812.120 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,054.5580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080275340 MORTGAGORS: BERNSTEIN, MICHAEL
ADDRESS : 2959 GLEN ALBYN DRIVE
MORTGAGE AMT: 556,500.00 CITY : SANTA BARBA CA 93105
LIFETIME RATE : 7.00000
UNPAID BALANCE: 555,585.020 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,702.4175.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080275357 MORTGAGORS: BEVILACQUA, JOHN
BEVILACQUA, LISA
ADDRESS : 319 BROOKVIEW WAY
MORTGAGE AMT: 323,000.00 CITY : HAYWARD CA 94544
LIFETIME RATE : 7.50000
UNPAID BALANCE: 322,760.290 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,258.4679.95050 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080275449 MORTGAGORS: DARUS, DAVE
DARUS, TERRY
ADDRESS : 12624 BRADFORD PLACE
MORTGAGE AMT: 443,200.00 CITY : GRANADA HIL CA 91344
LIFETIME RATE : 7.75000
UNPAID BALANCE: 443,200.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,175.1480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080275621 MORTGAGORS: LE, THIEN
DUONG, NGO
ADDRESS : 1814 JENEANE MARIE CIRCLE
MORTGAGE AMT: 300,990.00 CITY : SAN JOSE CA 95122
LIFETIME RATE : 7.75000
UNPAID BALANCE: 300,431.670 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,156.3379.00207 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080275993 MORTGAGORS: CHUNG, KENNETH
CHUNG, ANITA
ADDRESS : 18 DAHLIA
MORTGAGE AMT: 281,600.00 CITY : IRVINE CA 92618
LIFETIME RATE : 8.25000
UNPAID BALANCE: 281,420.430 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,115.5779.99795 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080276124 MORTGAGORS: MEREDITH, RANDALL
MEREDITH, DEBORAH
ADDRESS : 37 MARSHALL RIDGE ROAD
MORTGAGE AMT: 375,000.00 CITY : NEW CANAAN CT 06840
LIFETIME RATE : 7.50000
UNPAID BALANCE: 375,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,622.0578.94737 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080276447 MORTGAGORS: HALL, BRADLEY
HALL, SONDRA
ADDRESS : 2168 VIA TECA
MORTGAGE AMT: 312,000.00 CITY : SAN CLEMENT CA 92673
LIFETIME RATE : 7.75000
UNPAID BALANCE: 312,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,235.2180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080279326 MORTGAGORS: CHEN, ALBERT
CHEN, REGINA
ADDRESS : 71 EAGLE CREEK
MORTGAGE AMT: 444,000.00 CITY : IRVINE CA 92618
LIFETIME RATE : 7.75000
UNPAID BALANCE: 443,686.620 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,180.8879.98530 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080279458 MORTGAGORS: D'SOUZA, LYNN
ADDRESS : 18416 LAKECREST COURT
MORTGAGE AMT: 264,000.00 CITY : CASTRO VALL CA 94546
LIFETIME RATE : 8.12500
UNPAID BALANCE: 264,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,960.1988.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.12500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080279466 MORTGAGORS: DAVODI, ARIA
ARIARAD, SEPIDEH
ADDRESS : 103 NORTH BROADWAY
MORTGAGE AMT: 279,000.00 CITY : REDONDO BEA CA 90277
LIFETIME RATE : 7.75000
UNPAID BALANCE: 278,803.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,998.7987.18750 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080279490 MORTGAGORS: MOORADIAN, MICHAEL
MOORADIAN, CHERYL
ADDRESS : 6 EMPTY SADDLE ROAD
MORTGAGE AMT: 547,500.00 CITY : ROLLING HIL CA 90274
LIFETIME RATE : 7.25000
UNPAID BALANCE: 547,500.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,734.9273.98649 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080279599 MORTGAGORS: DADA, KASEM
ADDRESS : 122 SHELLY AVENUE
MORTGAGE AMT: 500,000.00 CITY : CAMPBELL CA 95008
LIFETIME RATE : 9.50000
UNPAID BALANCE: 499,754.060 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,204.2770.42254 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 9.50000 MATURITY DATE:
PRODUCT CODE: 351 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080279748 MORTGAGORS: MC GRATH, KIERAN
MC GRATH, DEBORAH
ADDRESS : 65 HUBBELL MOUNTAIN ROAD
MORTGAGE AMT: 347,500.00 CITY : SHERMAN CT 06784
LIFETIME RATE : 7.50000
UNPAID BALANCE: 347,137.980 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,429.7884.28329 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080280423 MORTGAGORS: KAERICHER, BROCK
KAERICHER, CAROL
ADDRESS : 27402 WEATHERSFIELD DRIVE
MORTGAGE AMT: 336,000.00 CITY : SANTA CLARITA CA 91354
LIFETIME RATE : 7.87500
UNPAID BALANCE: 335,768.770 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,436.2376.36364 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080280738 MORTGAGORS: MORRISON, PHILIP
MORRISON, DARLENE
ADDRESS : 1150 SUNSET HILLS BLVD
MORTGAGE AMT: 307,000.00 CITY : THOUSAND OA CA 91360
LIFETIME RATE : 7.37500
UNPAID BALANCE: 306,726.210 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,120.3779.98958 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080280811 MORTGAGORS: WOLFF, MICHAEL
WOLFF, MONIQUE
ADDRESS : 464 REVERE STREET
MORTGAGE AMT: 279,000.00 CITY : UPLAND CA 91784
LIFETIME RATE : 7.75000
UNPAID BALANCE: 278,803.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,998.7973.61478 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080280845 MORTGAGORS: FISCHER, EUNICE
ADDRESS : 11931 LIME KILN ROAD
MORTGAGE AMT: 110,000.00 CITY : GRASS VALLE CA 95949
LIFETIME RATE : 8.00000
UNPAID BALANCE: 109,926.180 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 807.1556.99482 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080281017 MORTGAGORS: ADAMIAN, ALINA
ADDRESS : 1406 RALLY VIEW ROAD
MORTGAGE AMT: 309,600.00 CITY : GLENDALE CA 91202
LIFETIME RATE : 8.62500
UNPAID BALANCE: 309,600.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,408.0490.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.62500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080281132 MORTGAGORS: ASCHINGER, JAMES
ASCHINGER, LINDA
ADDRESS : 4527 Longfellow Ct
MORTGAGE AMT: 400,000.00 CITY : Doylestown PA 18901
LIFETIME RATE : 6.87500
UNPAID BALANCE: 399,325.970 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,627.7267.34000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080281140 MORTGAGORS: LEE, MARTIN
LEE, MIDGE
ADDRESS : 206 BLOCK HOUSE RD.
MORTGAGE AMT: 375,200.00 CITY : Greenville SC 29615
LIFETIME RATE : 7.00000
UNPAID BALANCE: 374,271.980 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,496.2180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080281173 MORTGAGORS: CHRESTENSEN, DAVID
CHRESTENSEN, SUSAN
ADDRESS : 7129 LONGVIEW DR.
MORTGAGE AMT: 360,150.00 CITY : Hamilton OH 45013
LIFETIME RATE : 7.25000
UNPAID BALANCE: 359,869.050 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,456.8679.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080281181 MORTGAGORS: GORDON, JAMES
GORDON, JANICE
ADDRESS : 4626 WYNMEADE PARK
MORTGAGE AMT: 357,600.00 CITY : Marietta GA 30067
LIFETIME RATE : 7.37500
UNPAID BALANCE: 357,327.900 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,469.8580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080281199 MORTGAGORS: LULFS, TIMOTHY
LULFS, CHRISTINE
ADDRESS : 10 SCARLET RDG
MORTGAGE AMT: 355,000.00 CITY : Austin TX 78737
LIFETIME RATE : 7.25000
UNPAID BALANCE: 354,164.160 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,421.7379.78000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080281207 MORTGAGORS: LEONARD, PATRICK
LEONARD, MEGHAN
ADDRESS : 1600 N Harrison Street
MORTGAGE AMT: 348,000.00 CITY : Arlington VA 22205
LIFETIME RATE : 7.12500
UNPAID BALANCE: 347,441.770 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,344.5480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080281249 MORTGAGORS: WILLCOX, DARREN
WILLCOX, LOIS
ADDRESS : 5202 WEHAWKEN ROAD
MORTGAGE AMT: 342,000.00 CITY : Bethesda MD 20816
LIFETIME RATE : 7.00000
UNPAID BALANCE: 341,719.670 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,275.3375.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080281256 MORTGAGORS: WHATLEY, STEVE
TU, CHAU
ADDRESS : 3321 FOX VALLEY DR
MORTGAGE AMT: 315,000.00 CITY : West Friendship MD 21794
LIFETIME RATE : 6.87500
UNPAID BALANCE: 314,201.520 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,069.3385.14000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080281280 MORTGAGORS: OLZINSKI, BRIAN
OLZINSKI, TABITHA
ADDRESS : 370 KINCARDINE WAY
MORTGAGE AMT: 320,000.00 CITY : Alpharetta GA 30022
LIFETIME RATE : 7.37500
UNPAID BALANCE: 319,756.510 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,210.1679.40000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080281306 MORTGAGORS: SINATRA, JOHN
SINATRA, JENNY
ADDRESS : 7937 WINDRIDGE DR
MORTGAGE AMT: 320,000.00 CITY : Broadview Heights OH 44147
LIFETIME RATE : 7.50000
UNPAID BALANCE: 319,762.510 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,237.4980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080281322 MORTGAGORS: ASINDRAZA, REMI
ASINDRAZA, CHADIA
ADDRESS : 2974 ARUBA CT.
MORTGAGE AMT: 300,000.00 CITY : Las Vegas NV 89121
LIFETIME RATE : 7.50000
UNPAID BALANCE: 299,327.900 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,097.6476.92000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080281355 MORTGAGORS: POSNER, BRIAN
POSNER, MARIA
ADDRESS : 3709 HANCOCK LANE
MORTGAGE AMT: 300,000.00 CITY : Doylestown PA 18901
LIFETIME RATE : 7.37500
UNPAID BALANCE: 299,771.720 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,072.0366.40000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080281363 MORTGAGORS: MALLER, JOHN
MALLER, JULIANA
ADDRESS : 2901 KING RICHARD CIRCLE
MORTGAGE AMT: 300,000.00 CITY : Saint Charles IL 60174
LIFETIME RATE : 7.50000
UNPAID BALANCE: 299,777.360 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,097.6479.77000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080281397 MORTGAGORS: WILLIS, CARL
WILLIS, PAULETTE
ADDRESS : 1832 E KAEL STREET
MORTGAGE AMT: 299,900.00 CITY : Mesa AZ 85203
LIFETIME RATE : 7.50000
UNPAID BALANCE: 299,677.440 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,096.9494.91000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080281405 MORTGAGORS: WRIGHT, WILLIAM
WRIGHT, BARBARA
ADDRESS : 9104 AUTUMN OAK COURT
MORTGAGE AMT: 258,400.00 CITY : Fairfax Station VA 22039
LIFETIME RATE : 7.50000
UNPAID BALANCE: 258,208.230 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,806.7780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080281421 MORTGAGORS: MILLIGAN, ROBERT
MILLIGAN, THERESA
ADDRESS : 7466 FM 2451
MORTGAGE AMT: 269,700.00 CITY : Scurry TX 75158
LIFETIME RATE : 7.37500
UNPAID BALANCE: 269,080.550 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,862.7571.92000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080281439 MORTGAGORS: PECORARO, JOSEPH
PECORARO, KATHLEEN
ADDRESS : 237 ACKERMAN AVENUE
MORTGAGE AMT: 252,000.00 CITY : Emerson NJ 07630
LIFETIME RATE : 7.37500
UNPAID BALANCE: 251,808.250 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,740.5080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080281579 MORTGAGORS: COLFER, WILLIAM
COLFER, JENNIFER
ADDRESS : 12 RESERVE COURT
MORTGAGE AMT: 348,900.00 CITY : MT LAUREL NJ 08054
LIFETIME RATE : 7.75000
UNPAID BALANCE: 348,405.910 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,499.5689.99458 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080281983 MORTGAGORS: HARLEY, CATHI
ADDRESS : 250 NEWPORT AVENUE
MORTGAGE AMT: 272,000.00 CITY : LONG BEACH CA 90803
LIFETIME RATE : 8.00000
UNPAID BALANCE: 272,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,995.8480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080282429 MORTGAGORS: GELLER, RANDALL
GELLER, JENNIFER
ADDRESS : 1427 KNOLLWOOD LANE
MORTGAGE AMT: 449,900.00 CITY : Mendota Heights MN 55118
LIFETIME RATE : 7.50000
UNPAID BALANCE: 449,566.110 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,145.7779.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080282536 MORTGAGORS: BJELAJAC, JAMES
BJELAJAC, CAROLYN
ADDRESS : 1043 FISKE STREET
MORTGAGE AMT: 530,000.00 CITY : PACIFIC PAL CA 90272
LIFETIME RATE : 7.75000
UNPAID BALANCE: 530,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,796.9953.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080282544 MORTGAGORS: HERRERA, MIGUEL
HERRERA, ABIGAIL
ADDRESS : 2303 EL MORENO STREET
MORTGAGE AMT: 352,000.00 CITY : LA CRESCENT CA 91214
LIFETIME RATE : 7.12500
UNPAID BALANCE: 352,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,371.4980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080282585 MORTGAGORS: CORBETT, DENNIS
CORBETT, KATHLEEN
ADDRESS : 15136 TOURAINE WAY
MORTGAGE AMT: 280,000.00 CITY : IRVINE CA 92604
LIFETIME RATE : 8.50000
UNPAID BALANCE: 280,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,152.9670.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080282809 MORTGAGORS: GUNDERSHEIME, JEROME
GUNDERSHEIME, JOY
ADDRESS : 2708 CAMBRIDGE WAY
MORTGAGE AMT: 288,000.00 CITY : SHERMAN TX 75092
LIFETIME RATE : 7.62500
UNPAID BALANCE: 287,158.220 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,038.4584.70588 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080282833 MORTGAGORS: WILLIS, HERBERT
WILLIS, JENNIFER
ADDRESS : 4910 RUSTIC TRAIL
MORTGAGE AMT: 269,150.00 CITY : MIDLAND TX 79707
LIFETIME RATE : 7.12500
UNPAID BALANCE: 268,229.220 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,813.3276.79030 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080283369 MORTGAGORS: SOLIMAN, FAHD
ADDRESS : 17182 NONDOFF STREET
MORTGAGE AMT: 300,000.00 CITY : NORTHRIDGE CA 91325
LIFETIME RATE : 9.25000
UNPAID BALANCE: 299,687.740 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,468.0365.93407 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 9.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080283633 MORTGAGORS: MEDINA, ROBERT
MEDINA, TERESA
ADDRESS : 314 GLENDORA CIRCLE
MORTGAGE AMT: 479,500.00 CITY : DANVILLE CA 94526
LIFETIME RATE : 8.25000
UNPAID BALANCE: 479,500.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,602.3270.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080283690 MORTGAGORS: ANDERSON, ERIC
ANDERSON, DEBBIE
ADDRESS : 22 DAHLIA
MORTGAGE AMT: 250,800.00 CITY : IRVINE CA 92618
LIFETIME RATE : 8.00000
UNPAID BALANCE: 250,631.720 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,840.2879.98418 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080283724 MORTGAGORS: HOFFMAN, DARREN
HOFFMAN, CAROLYN
ADDRESS : 1200 NEWMARK WAY
MORTGAGE AMT: 190,950.00 CITY : FOLSOM CA 95630
LIFETIME RATE : 7.50000
UNPAID BALANCE: 190,522.200 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,335.1595.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080284276 MORTGAGORS: DITZLER, GARRY
DITZLER, SONDRA
ADDRESS : 10 RIVA RIDGE LANE
MORTGAGE AMT: 249,100.00 CITY : Stafford VA 22554
LIFETIME RATE : 7.25000
UNPAID BALANCE: 245,416.680 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,699.3075.95000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 03/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0080284326 MORTGAGORS: HARTRANFT, SCOTT
hartranft, stacy
ADDRESS : 19000 STARKEY TERRACE
MORTGAGE AMT: 320,900.00 CITY : Brookeville MD 20833
LIFETIME RATE : 6.87500
UNPAID BALANCE: 320,630.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,108.0879.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080284342 MORTGAGORS: MITCHELL, MICHAEL
MITCHELL, BETTY
ADDRESS : 7409 HOWELL RUN COURT
MORTGAGE AMT: 249,200.00 CITY : MANASSAS VA 20112
LIFETIME RATE : 7.62500
UNPAID BALANCE: 249,200.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,763.8280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080284482 MORTGAGORS: KYMPTON, HOWARD
NORK, MARIANA
ADDRESS : 18314 BLUEBELL LANE
MORTGAGE AMT: 384,900.00 CITY : Olney MD 20832
LIFETIME RATE : 7.25000
UNPAID BALANCE: 384,599.740 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,625.7080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080284771 MORTGAGORS: FANTINI, WILLIAM
CASALE FANTI, CATHERINE
ADDRESS : 527 MOUNTAIN ROAD
MORTGAGE AMT: 364,000.00 CITY : LAGUNA BEAC CA 92651
LIFETIME RATE : 7.12500
UNPAID BALANCE: 363,121.530 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,452.3480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080285844 MORTGAGORS: BLAZE, FRANK
SAMONTE, CARMEN
ADDRESS : 11536 BAIRD AVENUE
MORTGAGE AMT: 246,950.00 CITY : NORTHRIDGE CA 91326
LIFETIME RATE : 7.87500
UNPAID BALANCE: 246,780.050 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,790.5694.99904 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287063 MORTGAGORS: ANDERSON, JASON
ANDERSON, REBECCA
ADDRESS : 12 DAHLIA
MORTGAGE AMT: 286,050.00 CITY : IRVINE CA 92618
LIFETIME RATE : 8.00000
UNPAID BALANCE: 285,858.070 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,098.9379.99631 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287113 MORTGAGORS: LE, THANH
LE, THUY LINH
ADDRESS : 1594 MARITIME DRIVE
MORTGAGE AMT: 342,000.00 CITY : CARLSBAD CA 92009
LIFETIME RATE : 7.62500
UNPAID BALANCE: 341,752.480 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,420.6580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287188 MORTGAGORS: MCGUIRE, MICHAEL
MCGUIRE, SHELLEY
ADDRESS : 30 DAHLIA
MORTGAGE AMT: 267,300.00 CITY : IRVINE CA 92618
LIFETIME RATE : 7.87500
UNPAID BALANCE: 267,116.050 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,938.1179.98635 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287717 MORTGAGORS: BRUNO, FRANCIS
BRUNO, MARY
ADDRESS : 9403 CROSSTIMBER COURT
MORTGAGE AMT: 355,000.00 CITY : FAIRFAX STA VA 22039
LIFETIME RATE : 6.75000
UNPAID BALANCE: 354,077.880 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,302.5389.98733 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287725 MORTGAGORS: ISSAK, GHYATH
WEBER, BARBARA
ADDRESS : 23653 MOUNTAIN CHARLIE RO
MORTGAGE AMT: 598,000.00 CITY : LOS GATOS CA 95030
LIFETIME RATE : 7.00000
UNPAID BALANCE: 596,513.870 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,978.5180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287733 MORTGAGORS: HARBUS, JOHN
HARBUS, PATRICIA
ADDRESS : 3798 BRIDLE BEND
MORTGAGE AMT: 448,000.00 CITY : PROSPER TX 75078
LIFETIME RATE : 7.12500
UNPAID BALANCE: 446,187.300 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,018.2680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 04/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287741 MORTGAGORS: WYMAN, ROBERT
BUDWEISER, ANDREA
ADDRESS : 98 KELLOGG DRIVE
MORTGAGE AMT: 310,000.00 CITY : WILTON CT 06897
LIFETIME RATE : 7.12500
UNPAID BALANCE: 308,735.580 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,088.5351.75292 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287758 MORTGAGORS: BEATTY, PAUL
BEATTY, BARBARA
ADDRESS : 33401 NE 165TH AVENUE
MORTGAGE AMT: 311,550.00 CITY : YACOLT WA 98675
LIFETIME RATE : 7.12500
UNPAID BALANCE: 310,798.130 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,098.9789.78386 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287766 MORTGAGORS: KLEIN, THOMAS
KLEIN, SUSAN
ADDRESS : 18610 MARSHALL LANE
MORTGAGE AMT: 535,600.00 CITY : SARATOGA CA 95070
LIFETIME RATE : 7.12500
UNPAID BALANCE: 534,740.830 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,608.4465.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287774 MORTGAGORS: HING, GLENN
ADDRESS : 587 ALEXIS CIRCLE
MORTGAGE AMT: 315,200.00 CITY : DALY CITY CA 94014
LIFETIME RATE : 7.12500
UNPAID BALANCE: 314,694.370 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,123.5680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287782 MORTGAGORS: TRENT, JONATHAN
ADDRESS : 29 AQUA VIEW DRIVE
MORTGAGE AMT: 375,000.00 CITY : LA SELVA BE CA 95076
LIFETIME RATE : 7.12500
UNPAID BALANCE: 374,398.440 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,526.4575.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287816 MORTGAGORS: SALESIN, JOSHUA
SCHNEEBERGER, CLAIRE
ADDRESS : 1005 NOBEL DRIVE
MORTGAGE AMT: 284,000.00 CITY : SANTA CRUZ CA 95060
LIFETIME RATE : 7.25000
UNPAID BALANCE: 283,555.540 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,937.3980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287824 MORTGAGORS: GAGNON, BARBARA
STRAUSS, KRISTOPHER
ADDRESS : 654 ABERDEEN WAY
MORTGAGE AMT: 362,000.00 CITY : MILPITAS CA 95035
LIFETIME RATE : 7.25000
UNPAID BALANCE: 361,433.500 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,469.4860.84034 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287832 MORTGAGORS: CHU, JOHN
CHU, SUSAN
ADDRESS : 778 PANORAMA DRIVE
MORTGAGE AMT: 371,250.00 CITY : SAN FRANCIS CA 94131
LIFETIME RATE : 7.25000
UNPAID BALANCE: 370,669.030 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,532.5875.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287840 MORTGAGORS: MAJORIE, FRANCIS
ADDRESS : 3709 CARUTH BOULEVARD
MORTGAGE AMT: 787,900.00 CITY : DALLAS TX 75225
LIFETIME RATE : 7.37500
UNPAID BALANCE: 783,625.130 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 5,441.8361.55469 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 02/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287857 MORTGAGORS: PICCIANO, MARK
SHEARIN, RICHARD
ADDRESS : 139 SAN JUAN AVENUE
MORTGAGE AMT: 296,000.00 CITY : SAN FRANCIS CA 94112
LIFETIME RATE : 7.37500
UNPAID BALANCE: 295,548.150 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,044.4074.74747 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287865 MORTGAGORS: HUFFSTUTTER, VINCENT
HUFFSTUTTER, SHELLEY
ADDRESS : 15019 SE RIVERSHORE DRIVE
MORTGAGE AMT: 575,000.00 CITY : VANCOUVER WA 98683
LIFETIME RATE : 7.37500
UNPAID BALANCE: 573,679.300 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,971.3958.97436 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287873 MORTGAGORS: WRIGHT, SHAUN
ADDRESS : 4130 PURDUE AVENUE
MORTGAGE AMT: 293,500.00 CITY : HOUSTON TX 77005
LIFETIME RATE : 7.37500
UNPAID BALANCE: 293,051.970 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,027.1377.54293 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287907 MORTGAGORS: RODAS, JOSE
RODAS, ANA
ADDRESS : 437 MADRID STREET
MORTGAGE AMT: 258,750.00 CITY : SAN FRANCIS CA 94112
LIFETIME RATE : 7.50000
UNPAID BALANCE: 258,172.760 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,809.2275.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287915 MORTGAGORS: BRIDGE, PHILIP
BRIDGE, LAURA
ADDRESS : 1008 WRIGHT COURT
MORTGAGE AMT: 410,000.00 CITY : SUNNYVALE CA 94087
LIFETIME RATE : 7.50000
UNPAID BALANCE: 409,389.540 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,866.7866.02254 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287923 MORTGAGORS: LIANG, QIBIN
LIANG, WEI
ADDRESS : 18710 NEWSOM AVENUE
MORTGAGE AMT: 290,400.00 CITY : CUPERTINO CA 95014
LIFETIME RATE : 7.50000
UNPAID BALANCE: 289,565.110 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,030.5280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287931 MORTGAGORS: KING, DAVID
KING, CAMILLA
ADDRESS : 42 HOLLIS STREET
MORTGAGE AMT: 285,000.00 CITY : HOLLISTON MA 01746
LIFETIME RATE : 7.62500
UNPAID BALANCE: 280,528.180 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,017.2286.36364 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287949 MORTGAGORS: GRINBERG, ALEXANDER
GRINBERG, NOURIA
ADDRESS : 134 NOTTINGHAM DRIVE
MORTGAGE AMT: 345,000.00 CITY : RICHBORO PA 18954
LIFETIME RATE : 7.62500
UNPAID BALANCE: 344,366.480 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,441.8979.57450 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287956 MORTGAGORS: PAULSON, LAWRANCE
PAULSON, NANCY
ADDRESS : 3013 NE 104TH STREET
MORTGAGE AMT: 256,800.00 CITY : VANCOUVER WA 98686
LIFETIME RATE : 7.62500
UNPAID BALANCE: 256,427.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,817.6275.08772 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287964 MORTGAGORS: DUANN, SHII TYNG
CHUNG, CHUN YING
ADDRESS : 1261 PYRACANTHA TERRACE
MORTGAGE AMT: 559,000.00 CITY : SUNNYVALE CA 94087
LIFETIME RATE : 7.62500
UNPAID BALANCE: 558,188.250 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,956.5779.97139 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287972 MORTGAGORS: HOLWITZ, DARIN
WHITMORE, ROBIN
ADDRESS : 67 MANGELS AVENUE
MORTGAGE AMT: 384,000.00 CITY : SAN FRANCIS CA 94131
LIFETIME RATE : 7.62500
UNPAID BALANCE: 383,442.370 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,717.9380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287980 MORTGAGORS: DRUMM, KIRBY
VENDETTI, JENNIFER
ADDRESS : 158 PAUL AVENUE
MORTGAGE AMT: 343,000.00 CITY : MOUNTAIN VIEW CA 94041
LIFETIME RATE : 7.62500
UNPAID BALANCE: 342,501.900 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,427.7472.21053 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080287998 MORTGAGORS: CLAPSADLE, RICK
LYNCH, JANICE
ADDRESS : 7026 VIA RAMADA
MORTGAGE AMT: 315,200.00 CITY : SAN JOSE CA 95136
LIFETIME RATE : 7.62500
UNPAID BALANCE: 314,742.270 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,230.9780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288038 MORTGAGORS: DEBOLD, RICHARD
ADDRESS : 5294 HALIFAX DRIVE
MORTGAGE AMT: 286,400.00 CITY : SAN JOSE CA 95130
LIFETIME RATE : 7.75000
UNPAID BALANCE: 285,994.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,051.8180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288061 MORTGAGORS: FARSON, PETER
FILIPPONI, RAFFAELLA
ADDRESS : 533 ALBERTA AVENUE
MORTGAGE AMT: 340,000.00 CITY : SUNNYVALE CA 94087
LIFETIME RATE : 7.87500
UNPAID BALANCE: 339,530.480 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,465.2480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288079 MORTGAGORS: TILLEY, RONALD
TILLEY, KIMBERLY
ADDRESS : 1901 TUNNEL ROAD
MORTGAGE AMT: 319,200.00 CITY : OAKLAND CA 94705
LIFETIME RATE : 8.00000
UNPAID BALANCE: 318,770.210 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,342.1880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288236 MORTGAGORS: MOBLEY, VERNON
MOBLEY, CANDACE
ADDRESS : 45555 CHESWICK PARK COURT
MORTGAGE AMT: 174,500.00 CITY : STERLING VA 20166
LIFETIME RATE : 7.50000
UNPAID BALANCE: 174,370.500 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,220.1379.99450 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288244 MORTGAGORS: NEWMAN, CLYDE
FITZGERALD, CAROL
ADDRESS : 6591 KIERNAN COURT
MORTGAGE AMT: 210,800.00 CITY : ALEXANDRIA VA 22315
LIFETIME RATE : 7.37500
UNPAID BALANCE: 210,639.590 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,455.9579.98543 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288269 MORTGAGORS: MARSHALL, GARY
MARSHALL, JULIA
ADDRESS : 5312 WALDO DRIVE
MORTGAGE AMT: 201,450.00 CITY : ALEXANDRIA VA 22315
LIFETIME RATE : 7.37500
UNPAID BALANCE: 201,296.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,391.3779.98332 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288277 MORTGAGORS: PATEL, DAXA
ADDRESS : 11187 WINDING PEARL WAY
MORTGAGE AMT: 262,300.00 CITY : WELLINGTON FL 33414
LIFETIME RATE : 7.75000
UNPAID BALANCE: 262,114.870 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,879.1594.99183 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288285 MORTGAGORS: MURRAY, ROBERT
MURRAY, SANDRA
ADDRESS : 121 DUNBARTON COURT
MORTGAGE AMT: 332,350.00 CITY : GRANITE BAY CA 95746
LIFETIME RATE : 7.50000
UNPAID BALANCE: 332,103.350 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,323.8479.98816 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288293 MORTGAGORS: COSTA, JOANNES
MILANO, DOREEN
ADDRESS : 7923 CORTE PENCA
MORTGAGE AMT: 635,000.00 CITY : CARLSBAD CA 92009
LIFETIME RATE : 8.25000
UNPAID BALANCE: 634,595.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,770.5573.01763 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288327 MORTGAGORS: DORTA, ANTONIO
DORTA, DEBI
ADDRESS : 10447 35TH AVENUE SOUTHWE
MORTGAGE AMT: 254,500.00 CITY : SEATTLE WA 98146
LIFETIME RATE : 7.62500
UNPAID BALANCE: 254,315.800 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,801.3470.79277 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288335 MORTGAGORS: PADUANO, SCOTT
PADUANO, ROBIN
ADDRESS : 127 140TH AVENUE SOUTHEAS
MORTGAGE AMT: 284,952.00 CITY : LAKE STEVEN WA 98258
LIFETIME RATE : 7.50000
UNPAID BALANCE: 284,740.520 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,992.4394.99983 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288392 MORTGAGORS: GUENTHNER, DONALD
GUENTHNER, AMY
ADDRESS : 15520 BELLANCA LANE
MORTGAGE AMT: 332,000.00 CITY : WELLINGTON FL 33414
LIFETIME RATE : 7.00000
UNPAID BALANCE: 331,727.860 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,208.8180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288434 MORTGAGORS: HOUSE PHELPS, SUZANNE
ADDRESS : 1070 TRANQUIL LANE
MORTGAGE AMT: 275,000.00 CITY : ESTES PARK CO 80517
LIFETIME RATE : 7.75000
UNPAID BALANCE: 274,805.900 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,970.1473.33333 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288517 MORTGAGORS: LINDSEY, ROBERT
ADDRESS : 12218 BOHEME DRIVE
MORTGAGE AMT: 288,750.00 CITY : HOUSTON TX 77024
LIFETIME RATE : 7.62500
UNPAID BALANCE: 288,541.010 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,043.7675.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288582 MORTGAGORS: MAY, DANIEL
MAY, ELAINE
ADDRESS : 25920 NORTH 108TH PLACE
MORTGAGE AMT: 576,000.00 CITY : SCOTTSDALE AZ 85255
LIFETIME RATE : 7.75000
UNPAID BALANCE: 575,593.460 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,126.5480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288590 MORTGAGORS: ODOM, JAMES
ODOM, CHERYL
ADDRESS : 902 MCCAMPBELL ROAD
MORTGAGE AMT: 280,000.00 CITY : MANSFIELD TX 76063
LIFETIME RATE : 7.62500
UNPAID BALANCE: 279,797.340 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,981.8380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288624 MORTGAGORS: CULEMANN, KEVIN
CULEMANN, JEAN
ADDRESS : 506 BLACK OAK COURT
MORTGAGE AMT: 246,800.00 CITY : ANTIOCH CA 94509
LIFETIME RATE : 7.62500
UNPAID BALANCE: 246,621.370 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,746.8494.98153 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288665 MORTGAGORS: FUSCO, JAY
FUSCO, JENNIFER
ADDRESS : 170 SOUTH HOOP POLE ROAD
MORTGAGE AMT: 270,400.00 CITY : GUILFORD CT 06437
LIFETIME RATE : 7.12500
UNPAID BALANCE: 270,183.760 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,821.7480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288681 MORTGAGORS: PATTERSON, WILLIAM
PATTERSON, CHERYL
ADDRESS : 716 KILBURN ROAD
MORTGAGE AMT: 284,800.00 CITY : WILMINGTON DE 19803
LIFETIME RATE : 7.75000
UNPAID BALANCE: 284,598.980 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,040.3580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288772 MORTGAGORS: DISTIN, DREW
DISTIN, KIRSTEN
ADDRESS : 9787 SOUTH SYLVESTOR ROAD
MORTGAGE AMT: 260,850.00 CITY : HIGHLANDS R CO 80126
LIFETIME RATE : 7.75000
UNPAID BALANCE: 260,665.890 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,868.7783.24106 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288780 MORTGAGORS: DEBERRY, JAMES
DEBERRY, REBECCA
ADDRESS : 3832 BROOKFIELD DRIVE
MORTGAGE AMT: 295,400.00 CITY : PLANO TX 75025
LIFETIME RATE : 7.62500
UNPAID BALANCE: 295,186.190 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,090.8379.99978 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288798 MORTGAGORS: DROKER, NEYSA
ADDRESS : 2125 WHISTLER COURT
MORTGAGE AMT: 265,350.00 CITY : DAVIS CA 95616
LIFETIME RATE : 7.37500
UNPAID BALANCE: 265,148.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,832.7179.98830 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288830 MORTGAGORS: ALLEN, ROBERT
ALLEN, LAURA
ADDRESS : 1184 WEST ENFIELD PLACE
MORTGAGE AMT: 287,750.00 CITY : CHANDLER AZ 85248
LIFETIME RATE : 7.62500
UNPAID BALANCE: 287,541.730 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,036.6879.98988 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080288855 MORTGAGORS: CAALIM, JOSE MARIA
ESPIRITU, SHIELA MAR
ADDRESS : 4949 EAST JUANA COURT
MORTGAGE AMT: 256,500.00 CITY : CAVE CREEK AZ 85331
LIFETIME RATE : 7.62500
UNPAID BALANCE: 256,314.340 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,815.5089.99305 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080289416 MORTGAGORS: GOEDHART, SKEE
ADDRESS : 8308 GRAND VIEW DRIVE
MORTGAGE AMT: 622,000.00 CITY : LOS ANGELES CA 90046
LIFETIME RATE : 7.87500
UNPAID BALANCE: 622,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,509.9380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080289515 MORTGAGORS: PRODGER, KENNETH
ADDRESS : 5359 LIGURIAN DRIVE
MORTGAGE AMT: 524,500.00 CITY : SAN JOSE CA 95138
LIFETIME RATE : 7.87500
UNPAID BALANCE: 523,775.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,802.9972.84722 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080289663 MORTGAGORS: POWELL, STEWART
MOOSAVIAN, JOSEPH
ADDRESS : 5520 EAST ANAHEIM ROAD
MORTGAGE AMT: 384,000.00 CITY : LONG BEACH CA 90815
LIFETIME RATE : 8.75000
UNPAID BALANCE: 384,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,020.9380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290141 MORTGAGORS: WARREN, GARY
WARREN, KATHLEEN
ADDRESS : 221 E. STANFORD DR.
MORTGAGE AMT: 271,947.00 CITY : UPPER UWCHL PA 19425
LIFETIME RATE : 6.62500
UNPAID BALANCE: 271,223.210 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,741.3178.15759 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290158 MORTGAGORS: CHESBROUGH, PAULA
ADDRESS : 11 REGINA ROAD
MORTGAGE AMT: 313,000.00 CITY : NEWTON MA 02466
LIFETIME RATE : 6.62500
UNPAID BALANCE: 312,166.940 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,004.1877.28395 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290166 MORTGAGORS: SWOMLEY, JOHN
ROBERTS, JENNIFER
ADDRESS : 133 NEWTONVILLE AVENUE
MORTGAGE AMT: 297,800.00 CITY : NEWTON MA 02458
LIFETIME RATE : 6.62500
UNPAID BALANCE: 296,683.190 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,906.8569.25581 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290174 MORTGAGORS: REMLEY, KIM
REMLEY, STEPHEN
ADDRESS : 89 BRIDGES LANE
MORTGAGE AMT: 290,000.00 CITY : NORTH ANDOV MA 01845
LIFETIME RATE : 6.75000
UNPAID BALANCE: 289,499.220 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,880.9469.71154 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290182 MORTGAGORS: CHAU PHUONG, STEVEN
NGUYEN, EMILY
ADDRESS : 3779 ASHRIDGE LANE
MORTGAGE AMT: 375,000.00 CITY : SAN JOSE CA 95121
LIFETIME RATE : 6.75000
UNPAID BALANCE: 374,025.920 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,432.2579.95736 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290190 MORTGAGORS: ANIEBONAM, EMMANUEL
ANIEBONAM, DAISY
ADDRESS : 20 JAYSTONE COURT
MORTGAGE AMT: 280,000.00 CITY : SILVER SPRI MD 20905
LIFETIME RATE : 6.87500
UNPAID BALANCE: 279,287.450 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,839.4074.66667 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290208 MORTGAGORS: PARK, STEVEN
PARK, JUNGSOOK
ADDRESS : 5432 154TH PLACE SW
MORTGAGE AMT: 273,600.00 CITY : EDMONDS WA 98026
LIFETIME RATE : 6.87500
UNPAID BALANCE: 272,816.070 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,797.3680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290216 MORTGAGORS: PROUNTZOS, TINA
ADDRESS : 32 14 165TH STREET
MORTGAGE AMT: 283,000.00 CITY : FLUSHING NY 11358
LIFETIME RATE : 7.00000
UNPAID BALANCE: 282,300.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,882.8173.31606 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290232 MORTGAGORS: WOODARD, PAT
WOODARD, NANCY
ADDRESS : 2721 SOUTHWINDS RUN
MORTGAGE AMT: 288,000.00 CITY : APEX NC 27502
LIFETIME RATE : 7.00000
UNPAID BALANCE: 286,477.530 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,916.0780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290257 MORTGAGORS: KEARNS, WILLIAM
KEARNS, ANNE
ADDRESS : 9 JUPITER HILLS COURT
MORTGAGE AMT: 280,000.00 CITY : MONTGOMERY NJ 08558
LIFETIME RATE : 7.00000
UNPAID BALANCE: 279,539.620 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,862.8571.88703 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290265 MORTGAGORS: ROACH, JOHN
ROACH, MAUREEN
ADDRESS : 419 MEADOWBROOK AVENUE
MORTGAGE AMT: 360,000.00 CITY : RIDGEWOOD NJ 07450
LIFETIME RATE : 7.00000
UNPAID BALANCE: 359,408.100 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,395.0980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290273 MORTGAGORS: ETH, SPENCER
ETH, CHERYL
ADDRESS : 104 DANA PLACE
MORTGAGE AMT: 352,200.00 CITY : ENGELWOOD NJ 07631
LIFETIME RATE : 7.00000
UNPAID BALANCE: 351,620.920 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,343.2074.14737 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290281 MORTGAGORS: KLEBANOFF, LEONARD
ADDRESS : 7397 HANSEN DRIVE
MORTGAGE AMT: 291,200.00 CITY : DUBLIN CA 94568
LIFETIME RATE : 7.00000
UNPAID BALANCE: 290,479.700 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,937.3780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290299 MORTGAGORS: BOLUBASZ, JOHN
ADDRESS : 1435 RUTLAND STREET
MORTGAGE AMT: 339,400.00 CITY : HOUSTON TX 77008
LIFETIME RATE : 7.00000
UNPAID BALANCE: 338,051.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,258.0463.55805 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290307 MORTGAGORS: SIRSI, RAMESH
SIRSI, VIDYA
ADDRESS : 624 WELLSBURY WAY
MORTGAGE AMT: 374,000.00 CITY : PALO ALTO CA 94306
LIFETIME RATE : 7.12500
UNPAID BALANCE: 372,486.720 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,519.7149.86667 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 04/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290315 MORTGAGORS: CRUZ, BRIAN
CRUZ, DIANNA
ADDRESS : 3003 NW 131ST STREET
MORTGAGE AMT: 376,000.00 CITY : VANCOUVER WA 98685
LIFETIME RATE : 7.12500
UNPAID BALANCE: 375,092.560 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,533.1980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290323 MORTGAGORS: CHRISTIANSEN, JAMES
CHRISTIANSEN, TRINA
ADDRESS : 27324 ARROWHEAD LANE
MORTGAGE AMT: 285,000.00 CITY : CONIFER CO 80433
LIFETIME RATE : 7.12500
UNPAID BALANCE: 284,249.460 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,920.1073.07692 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290331 MORTGAGORS: WATSON, THOMAS
WATSON, ARLENE
ADDRESS : 1742 SEVILLE WAY
MORTGAGE AMT: 300,000.00 CITY : SAN JOSE CA 95131
LIFETIME RATE : 7.12500
UNPAID BALANCE: 299,518.760 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,021.1680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290349 MORTGAGORS: MORGENSTERN, IRA
MORGENSTERN, ARIANE
ADDRESS : 501 BEACON STREET
MORTGAGE AMT: 638,000.00 CITY : NEWTON MA 02467
LIFETIME RATE : 7.12500
UNPAID BALANCE: 636,460.250 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,298.3780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290372 MORTGAGORS: NGUYEN, PHILLIP
NGUYEN, SON
ADDRESS : 48842 CHENIN BLANC DRIVE
MORTGAGE AMT: 364,000.00 CITY : FREMONT CA 94539
LIFETIME RATE : 7.25000
UNPAID BALANCE: 362,407.350 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,483.1380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290422 MORTGAGORS: MAZOLEWSKI, THOMAS
MAZOLEWSKI, SANDRA
ADDRESS : 997 HUNTER LANE
MORTGAGE AMT: 490,000.00 CITY : FREMONT CA 94539
LIFETIME RATE : 7.37500
UNPAID BALANCE: 474,016.880 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,384.3157.30994 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290430 MORTGAGORS: PATEL, NILESH
PATEL, PARUL
ADDRESS : 7 BLACK GUM DRIVE
MORTGAGE AMT: 303,840.00 CITY : SOUTH BRUNS NJ 08852
LIFETIME RATE : 7.37500
UNPAID BALANCE: 303,376.180 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,098.5580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290448 MORTGAGORS: REYNOLDS, MATTHEW
REYNOLDS, CINDY
ADDRESS : 85 EL PORTAL PLACE
MORTGAGE AMT: 300,000.00 CITY : CLAYTON CA 94517
LIFETIME RATE : 7.37500
UNPAID BALANCE: 299,542.040 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,072.0374.07407 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290455 MORTGAGORS: REDDING, SUZANNE
ADDRESS : 130 WINFIELD STREET
MORTGAGE AMT: 317,000.00 CITY : SAN FRANCIS CA 94110
LIFETIME RATE : 7.37500
UNPAID BALANCE: 316,516.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,189.4564.43089 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290463 MORTGAGORS: KESNER, GARY
KESNER, MARCIE
ADDRESS : 335 MANOR ROAD
MORTGAGE AMT: 425,000.00 CITY : DOUGLASTON NY 11363
LIFETIME RATE : 7.50000
UNPAID BALANCE: 424,047.810 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,971.6775.08834 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290489 MORTGAGORS: METCALF, THOMAS
METCALF, CATHERINE
ADDRESS : 103 OCEAN AVE
MORTGAGE AMT: 553,000.00 CITY : SEA GIRT NJ 08750
LIFETIME RATE : 7.50000
UNPAID BALANCE: 551,761.050 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,866.6670.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290497 MORTGAGORS: FERRANTE, CAROL
FERRANTE, JOSEPH
ADDRESS : 13 BROOK MEADOW LANE
MORTGAGE AMT: 266,000.00 CITY : GEORGETOWN MA 01833
LIFETIME RATE : 7.50000
UNPAID BALANCE: 264,546.260 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,142.8871.60162 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/19
---------------------------------------------------------------------------------------------------------------------------
LN # 0080290505 MORTGAGORS: LEE, CHUL
ADDRESS : 1567 MCLEAN COMMONS COURT
MORTGAGE AMT: 270,000.00 CITY : MCLEAN VA 22101
LIFETIME RATE : 7.50000
UNPAID BALANCE: 269,597.990 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,887.8878.26087 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080291958 MORTGAGORS: AMARAL, LUIZ
JURGENSEN, CIBELE
ADDRESS : 24 DAHLIA
MORTGAGE AMT: 275,000.00 CITY : IRVINE CA 92618
LIFETIME RATE : 8.00000
UNPAID BALANCE: 274,815.480 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,017.8579.94186 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080293178 MORTGAGORS: STIMPFL, BRIAN
STIMPFL, WENDY
ADDRESS : 2 DIAMOND COURT
MORTGAGE AMT: 255,000.00 CITY : HUNTINGTON NY 11743
LIFETIME RATE : 6.87500
UNPAID BALANCE: 254,570.310 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,675.1779.43925 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080293186 MORTGAGORS: SAUNDERS, PATRICK
SAUNDERS, KAREEN
ADDRESS : 23 TEMPO ROAD
MORTGAGE AMT: 245,700.00 CITY : NEW CITY NY 10956
LIFETIME RATE : 6.75000
UNPAID BALANCE: 243,752.660 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,593.6172.11623 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 12/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0080293202 MORTGAGORS: BONTEMPI, RICHARD
BONTEMPI, MARY
ADDRESS : 27459 WHITEFIELD PLACE
MORTGAGE AMT: 290,000.00 CITY : VALENCIA CA 91354
LIFETIME RATE : 7.25000
UNPAID BALANCE: 288,151.370 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,978.3279.45205 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 01/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080293236 MORTGAGORS: SCUDDER, RICHARD
SCUDDER, BONNIE
ADDRESS : 12482 SOUTH ELK CREEK ROA
MORTGAGE AMT: 425,000.00 CITY : PINE CO 80470
LIFETIME RATE : 7.00000
UNPAID BALANCE: 423,594.260 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,827.5478.70370 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080293285 MORTGAGORS: INMAN, LESLIE
INMAN, DIANE
ADDRESS : 373 BEACON RIDGE LANE
MORTGAGE AMT: 328,000.00 CITY : WALNUT CREE CA 94596
LIFETIME RATE : 7.50000
UNPAID BALANCE: 327,265.140 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,293.4380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080293319 MORTGAGORS: ADELMAN, HENRY
ADELMAN, NANCY
ADDRESS : 10334 EL PRADO WAY
MORTGAGE AMT: 487,500.00 CITY : CUPERTINO CA 95014
LIFETIME RATE : 7.37500
UNPAID BALANCE: 486,002.430 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,367.0575.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080293327 MORTGAGORS: WILSON, SHARLENE
WILSON, ROBERT
ADDRESS : 3340 N 133RD CIRCLE
MORTGAGE AMT: 650,000.00 CITY : OMAHA NE 68164
LIFETIME RATE : 6.87500
UNPAID BALANCE: 645,646.640 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,270.0459.09091 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 03/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080293376 MORTGAGORS: GLATT, STEPHEN
ADDRESS : 2121 GREENWOOD AVENUE
MORTGAGE AMT: 350,000.00 CITY : SAN CARLOS CA 94070
LIFETIME RATE : 7.25000
UNPAID BALANCE: 348,618.200 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,387.6279.54545 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 04/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080294382 MORTGAGORS: CATALASAN, MARIANO
BUCHIGNANI C, LISA
ADDRESS : 304 WOODLAND ROAD
MORTGAGE AMT: 315,000.00 CITY : SIMI VALLEY CA 93065
LIFETIME RATE : 7.87500
UNPAID BALANCE: 315,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,283.9779.94924 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080294424 MORTGAGORS: KLINE, J
ADDRESS : 121 COTTAGE LANE
MORTGAGE AMT: 127,400.00 CITY : ALISO VIEJO CA 92656
LIFETIME RATE : 7.62500
UNPAID BALANCE: 127,400.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 901.7355.41540 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080294457 MORTGAGORS: SMITH, CLAUDE
SMITH, PATRICIA
ADDRESS : 1770 SURFSIDE PLACE
MORTGAGE AMT: 266,500.00 CITY : Byron (AREA) CA 94514
LIFETIME RATE : 8.50000
UNPAID BALANCE: 266,500.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,049.1578.38235 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.50000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080294887 MORTGAGORS: JONES, GARY
JONES, MIRTHA
ADDRESS : 143 SOUTH SHADOW PINES RO
MORTGAGE AMT: 358,000.00 CITY : ORANGE CA 92869
LIFETIME RATE : 7.87500
UNPAID BALANCE: 357,753.630 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,595.7589.94975 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080294895 MORTGAGORS: THAN, CHIT
LAHPAI, NANG KAI
ADDRESS : 108 KEVIN PLACE
MORTGAGE AMT: 272,950.00 CITY : MARTINEZ CA 94553
LIFETIME RATE : 7.50000
UNPAID BALANCE: 272,747.430 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,908.5179.97691 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080295041 MORTGAGORS: MICHELICH, ANTHONY
MICHELICH, VICTORIA
ADDRESS : 6789 BUCK RIDGE CT NE
MORTGAGE AMT: 300,000.00 CITY : ROCHESTER MN 55906
LIFETIME RATE : 6.87500
UNPAID BALANCE: 297,413.620 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,970.7975.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 11/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0080295157 MORTGAGORS: LOBLEY, ANDREW
LOBLEY, ANITA
ADDRESS : 108 MOUNTAIN OAKS ROAD
MORTGAGE AMT: 248,000.00 CITY : LOWER MAKEFIELD PA 19067
LIFETIME RATE : 6.75000
UNPAID BALANCE: 247,571.760 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,608.5280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080295199 MORTGAGORS: MORETZSKY, M
MORETZSKY, MICHELE
ADDRESS : 15 ALDEBARAN DRIVE
MORTGAGE AMT: 317,600.00 CITY : RANDOLPH NJ 07869
LIFETIME RATE : 7.75000
UNPAID BALANCE: 317,375.840 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,275.3380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080295272 MORTGAGORS: MURPHY, MICHAEL
MURPHY, HOLLY
ADDRESS : 53 CONCORD AVENUE
MORTGAGE AMT: 260,000.00 CITY : GLEN ROCK NJ 07452
LIFETIME RATE : 7.00000
UNPAID BALANCE: 259,356.890 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,729.7980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080296460 MORTGAGORS: TALLEY, PAUL
TALLEY, VALERIE
ADDRESS : 1512 KLONDIKE PLACE
MORTGAGE AMT: 359,500.00 CITY : LIVERMORE CA 94550
LIFETIME RATE : 7.50000
UNPAID BALANCE: 358,964.730 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,513.6866.63577 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080296544 MORTGAGORS: ROGERS, SHARON
ADDRESS : 2220 NORTH CATALINA STREE
MORTGAGE AMT: 410,000.00 CITY : LOS ANGELES CA 90027
LIFETIME RATE : 8.75000
UNPAID BALANCE: 410,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,225.4732.80000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080296643 MORTGAGORS: YOUNG, DONNA
ADDRESS : 8577 APPIAN WAY
MORTGAGE AMT: 320,000.00 CITY : LOS ANGELES CA 90046
LIFETIME RATE : 8.00000
UNPAID BALANCE: 319,785.280 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,348.0580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080296684 MORTGAGORS: VOGEL, ALAN
VOGEL, JENNI
ADDRESS : 16251 SUNDANCER LANE
MORTGAGE AMT: 473,500.00 CITY : HUNTINGTON CA 92649
LIFETIME RATE : 8.00000
UNPAID BALANCE: 473,182.290 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,474.3875.15873 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080297260 MORTGAGORS: BUETTE, BEN
BUETTE, KATHRYN
ADDRESS : 1800 CARRIAGE HILLS DRIVE
MORTGAGE AMT: 601,500.00 CITY : BOULDER CO 80302
LIFETIME RATE : 7.50000
UNPAID BALANCE: 601,053.600 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,205.7873.53301 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080297344 MORTGAGORS: WEILEPP, JAMES
WEILEPP, SHELBY
ADDRESS : 9152 FORT FISHER COURT
MORTGAGE AMT: 281,600.00 CITY : BURKE VA 22015
LIFETIME RATE : 6.75000
UNPAID BALANCE: 281,357.540 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,826.4680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080297351 MORTGAGORS: LITT, DAVID
LITT, MISAKO
ADDRESS : 7001 ENDICOTT COURT
MORTGAGE AMT: 580,000.00 CITY : BETHESDA MD 20817
LIFETIME RATE : 6.87500
UNPAID BALANCE: 579,512.730 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,810.1980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080297401 MORTGAGORS: WILKENS, JILL
GOLDMAN, MICHAEL
ADDRESS : 4023 LOG TRAIL WAY
MORTGAGE AMT: 393,000.00 CITY : REISTERSTOWN MD 21136
LIFETIME RATE : 7.50000
UNPAID BALANCE: 391,222.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,747.9279.87805 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080298417 MORTGAGORS: HORN, JOSEPH
ADDRESS : 105 KEVIN PLACE
MORTGAGE AMT: 256,050.00 CITY : MARTINEZ CA 94553
LIFETIME RATE : 7.37500
UNPAID BALANCE: 255,855.160 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,768.4874.98990 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080298474 MORTGAGORS: BROWN, JENNIFER
ADDRESS : 3084 NATTINGER LANE
MORTGAGE AMT: 242,500.00 CITY : SAN JOSE CA 95125
LIFETIME RATE : 7.37500
UNPAID BALANCE: 242,315.470 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,674.8975.78125 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080298649 MORTGAGORS: BINNION, PAUL
BINNION, KATHERINE
ADDRESS : 1414 KYNETON ROAD
MORTGAGE AMT: 425,000.00 CITY : LOWER MERIO PA 19085
LIFETIME RATE : 7.12500
UNPAID BALANCE: 392,555.450 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,863.3175.22124 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080298664 MORTGAGORS: CRANE, CHARLES
CRANE, ABBY
ADDRESS : 3 MERLIN PLACE
MORTGAGE AMT: 415,920.00 CITY : MONTVILLE NJ 07058
LIFETIME RATE : 7.12500
UNPAID BALANCE: 415,587.400 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,802.1380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080298722 MORTGAGORS: GROSS, RICHARD
HERSHBERGER, JILLIAN
ADDRESS : 19 SUNNYSIDE ROAD
MORTGAGE AMT: 272,800.00 CITY : SILVER SPRI MD 20910
LIFETIME RATE : 7.12500
UNPAID BALANCE: 272,581.850 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,837.9080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080298763 MORTGAGORS: BERGAMASCO, CLAUDIO
MARONEY, IRENE
ADDRESS : 63 HALL ROAD
MORTGAGE AMT: 400,000.00 CITY : CHATHAM NJ 07928
LIFETIME RATE : 7.50000
UNPAID BALANCE: 399,404.420 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,796.8653.33333 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080298847 MORTGAGORS: BUSH, NATHAN
ADDRESS : 1326 97TH AVENUE
MORTGAGE AMT: 102,000.00 CITY : OAKLAND CA 94603
LIFETIME RATE : 7.50000
UNPAID BALANCE: 101,771.480 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 713.2079.37743 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080298896 MORTGAGORS: MANUEL, BENJAMIN
MANUEL, ANA
ADDRESS : 98 885 MOANALUA ROAD
MORTGAGE AMT: 430,000.00 CITY : AIEA HI 96701
LIFETIME RATE : 7.37500
UNPAID BALANCE: 429,012.380 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,969.9078.89908 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080299209 MORTGAGORS: CANTWELL, HEATHER
ADDRESS : 2593 REDWOOD DRIVE
MORTGAGE AMT: 235,200.00 CITY : APTOS CA 95003
LIFETIME RATE : 7.25000
UNPAID BALANCE: 234,646.230 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,604.4880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300403 MORTGAGORS: STACEY, NEIL
STACEY, NANCY
ADDRESS : 26350 NORTH 106TH WAY
MORTGAGE AMT: 555,000.00 CITY : SCOTTSDALE AZ 85255
LIFETIME RATE : 7.00000
UNPAID BALANCE: 550,329.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,692.4371.15000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 11/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300411 MORTGAGORS: FLETCHER, JOHN
FLETCHER, CLAIRE
ADDRESS : 3710 BLUE BONNET street
MORTGAGE AMT: 310,000.00 CITY : HOUSTON TX 77025
LIFETIME RATE : 7.12500
UNPAID BALANCE: 307,453.650 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,088.5362.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 11/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300429 MORTGAGORS: ETTINGER, BRIAN
ETTINGER, BARBARA
ADDRESS : 19118 FOXTREE LANE
MORTGAGE AMT: 282,750.00 CITY : HOUSTON TX 77094
LIFETIME RATE : 7.25000
UNPAID BALANCE: 278,996.950 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,234.7975.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 02/01/19
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300437 MORTGAGORS: CARLBERG, W
CARLBERG, GAYL
ADDRESS : 3707 INWOOD DRIVE
MORTGAGE AMT: 650,000.00 CITY : HOUSTON TX 77019
LIFETIME RATE : 7.12500
UNPAID BALANCE: 648,431.340 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,379.1766.33000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300445 MORTGAGORS: SCHWARTZ, ROBERT
ADDRESS : 2500 AVALON PLACE
MORTGAGE AMT: 468,000.00 CITY : HOUSTON TX 77019
LIFETIME RATE : 7.25000
UNPAID BALANCE: 466,898.130 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,192.5980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300452 MORTGAGORS: MYERS, CELESTE
MYERS, MILES
ADDRESS : 5823 SCARBOROUGH DRI
MORTGAGE AMT: 285,300.00 CITY : OAKLAND CA 94611
LIFETIME RATE : 7.37500
UNPAID BALANCE: 284,644.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,970.5060.06000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300478 MORTGAGORS: SPENCER, JEFFREY
ADDRESS : 1078 OLD STONE HOUSE
MORTGAGE AMT: 192,200.00 CITY : PARK CITY UT 84098
LIFETIME RATE : 7.50000
UNPAID BALANCE: 191,913.830 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,343.8979.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300510 MORTGAGORS: BURKS, DAVID
BURKS, MARY
ADDRESS : 3328 PIRAGUA STREET
MORTGAGE AMT: 260,000.00 CITY : CARLSBAD CA 92009
LIFETIME RATE : 7.25000
UNPAID BALANCE: 256,071.140 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,773.6674.29000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300528 MORTGAGORS: RINKENBERGER, GARY
RINKENBERGER, KATHRYN
ADDRESS : 3156 N. WILLOWRUN DRIve
MORTGAGE AMT: 369,400.00 CITY : MERCED CA 95340
LIFETIME RATE : 8.00000
UNPAID BALANCE: 368,902.620 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,710.5389.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300536 MORTGAGORS: DECKMAN, DENNIS
DECKMAN, CECILIA
ADDRESS : 2180 NAVAS LN
MORTGAGE AMT: 252,000.00 CITY : NEWCASTLE CA 95658
LIFETIME RATE : 7.87500
UNPAID BALANCE: 251,652.020 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,827.1790.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300569 MORTGAGORS: BRONSTEIN, ANDREW
BRONSTEIN, KAREN
ADDRESS : 200 LUXAIRE COURT
MORTGAGE AMT: 700,000.00 CITY : LAS VEGAS NV 89134
LIFETIME RATE : 7.37500
UNPAID BALANCE: 698,392.220 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,834.7379.25000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300593 MORTGAGORS: ALBERT, VICTORIA
ALBERT, WENDELL
ADDRESS : 11623 FORD STREET
MORTGAGE AMT: 119,700.00 CITY : GOLDEN CO 80401
LIFETIME RATE : 7.50000
UNPAID BALANCE: 119,341.320 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 836.9670.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300601 MORTGAGORS: CANHAM, JUDITH
ADDRESS : 38 HEATHER WAY
MORTGAGE AMT: 334,500.00 CITY : LARKSPUR CA 94939
LIFETIME RATE : 7.25000
UNPAID BALANCE: 333,712.430 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,281.8878.71000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300619 MORTGAGORS: PRICE, JON
RAMONI, JAMES
ADDRESS : 396 SOUTH 16TH STREET
MORTGAGE AMT: 320,700.00 CITY : SAN JOSE CA 95112
LIFETIME RATE : 7.12500
UNPAID BALANCE: 319,664.970 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,160.6274.58000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300627 MORTGAGORS: ZINE, CLARENCE
ZINE, ANNA
ADDRESS : 8345 EL VERANO AVE
MORTGAGE AMT: 173,000.00 CITY : ELVERTA CA 95626
LIFETIME RATE : 7.62500
UNPAID BALANCE: 172,748.790 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,224.4862.91000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300635 MORTGAGORS: WALLER, JERRY
WALLER, GEORGINA
ADDRESS : 36368 TUDOR PLACE
MORTGAGE AMT: 295,150.00 CITY : NEWARK CA 94560
LIFETIME RATE : 7.37500
UNPAID BALANCE: 294,472.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,038.5380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300643 MORTGAGORS: GUENTHER, ERIC
GUENTHER, MICHELLE
ADDRESS : 803 LOCHTYNE WAY
MORTGAGE AMT: 305,000.00 CITY : HOUSTON TX 77024
LIFETIME RATE : 6.87500
UNPAID BALANCE: 304,226.890 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,003.6362.89000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300650 MORTGAGORS: BRAVO, ERNEST
BRAVO, SUSAN
ADDRESS : 100 HIGHLAND OAKS COURT
MORTGAGE AMT: 312,000.00 CITY : SOUTHLAKE TX 76092
LIFETIME RATE : 7.25000
UNPAID BALANCE: 311,017.580 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,128.3976.10000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300668 MORTGAGORS: CERNIGLIA, MARK
CERNIGLIA, JANET
ADDRESS : 3 POPE ROAD
MORTGAGE AMT: 311,920.00 CITY : ATKINSON NH 02387
LIFETIME RATE : 7.00000
UNPAID BALANCE: 310,718.950 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,418.3180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/19
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300676 MORTGAGORS: CHANG, JOY
WULKAN, DENNIS
ADDRESS : 30 HILLSIDE AVENUE
MORTGAGE AMT: 432,000.00 CITY : SAN RAFAEL CA 94901
LIFETIME RATE : 7.25000
UNPAID BALANCE: 430,982.880 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,947.0080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300684 MORTGAGORS: ZAIKO, DENNIS
RUIZ-ZAIKO, G
ADDRESS : 4 ASHFORD COURT
MORTGAGE AMT: 566,350.00 CITY : ALAMO CA 94507
LIFETIME RATE : 7.37500
UNPAID BALANCE: 565,049.190 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,911.6478.12000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300692 MORTGAGORS: DEAN, RANDALL
DEAN, CECILY
ADDRESS : 756 ENCHANTED WAY
MORTGAGE AMT: 650,000.00 CITY : PACIFIC PALISADES CA 90272
LIFETIME RATE : 8.00000
UNPAID BALANCE: 648,682.850 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,769.4759.09000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300700 MORTGAGORS: DOLUCA, SINAN
SHELTON, STACY
ADDRESS : 15052 GYPSY HILL ROAD
MORTGAGE AMT: 1,300,000.00 CITY : SARATOGA CA 95070
LIFETIME RATE : 7.12500
UNPAID BALANCE: 1,296,862.680 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 8,758.3454.17000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300718 MORTGAGORS: BLOCK, GORDON
ADDRESS : 10665 CLUBHOUSE LANE
MORTGAGE AMT: 650,000.00 CITY : CUPERTINO CA 95014
LIFETIME RATE : 7.12500
UNPAID BALANCE: 648,431.340 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,379.1766.33000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300726 MORTGAGORS: KASSUBE, JAMES
BRYANT, JANINE
ADDRESS : 5048 NE 10TH avenue
MORTGAGE AMT: 135,600.00 CITY : PORTLAND OR 97211
LIFETIME RATE : 7.50000
UNPAID BALANCE: 135,296.220 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 948.1379.95000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300734 MORTGAGORS: WHITE, JERRY
WHITE, MARCIA
ADDRESS : 440 SOUTH NARDO AVENUE
MORTGAGE AMT: 329,000.00 CITY : SOLANA BEACH CA 92075
LIFETIME RATE : 7.75000
UNPAID BALANCE: 328,534.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,357.0070.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300742 MORTGAGORS: HESSION, JAMES
HESSION, CATHERINE
ADDRESS : 10 PARKVIEW DRIVE
MORTGAGE AMT: 250,000.00 CITY : HINGHAM MA 02043
LIFETIME RATE : 7.75000
UNPAID BALANCE: 249,467.230 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,791.0362.50000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300759 MORTGAGORS: BEER, KENNETH
BEER, D'JUANNA
ADDRESS : 518 WEST FOREST DR
MORTGAGE AMT: 300,000.00 CITY : HOUSTON TX 77079
LIFETIME RATE : 7.12500
UNPAID BALANCE: 299,275.990 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,021.1680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300775 MORTGAGORS: SILBERMAN, MARK
SILBERMAN, JOAN
ADDRESS : 541 SOUTH 3RD STREET
MORTGAGE AMT: 273,000.00 CITY : BELLAIRE TX 77401
LIFETIME RATE : 7.12500
UNPAID BALANCE: 272,562.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,839.2554.60000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300783 MORTGAGORS: MAGDALENO, PATRICIA
ADDRESS : 19 PARTRIDGE DRIVE
MORTGAGE AMT: 293,500.00 CITY : NOVATO CA 94945
LIFETIME RATE : 7.62500
UNPAID BALANCE: 293,073.810 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,077.3769.88000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300791 MORTGAGORS: BONAVITA, SANDRA
ADDRESS : 130 SULLIVAN ROAD
MORTGAGE AMT: 95,000.00 CITY : WEST YARMOUTH MA 02673
LIFETIME RATE : 7.75000
UNPAID BALANCE: 94,865.470 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 680.5959.38000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300809 MORTGAGORS: ALVAREZ, DAVID
ADDRESS : 70 HARTFORD AVENUE
MORTGAGE AMT: 711,000.00 CITY : SAN CARLOS CA 94070
LIFETIME RATE : 7.62500
UNPAID BALANCE: 709,967.530 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 5,032.4167.71000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300817 MORTGAGORS: REEDY, ALAN
REEDY, JACQUELINE
ADDRESS : 1930 SANTIAGO DRIVE
MORTGAGE AMT: 543,750.00 CITY : NEWPORT BEACH CA 92660
LIFETIME RATE : 7.12500
UNPAID BALANCE: 542,877.770 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,663.3475.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300825 MORTGAGORS: MERRYWEATHER, JAMES
HEBERLEIN, ULRIKE
ADDRESS : 1065 HAYNE ROAD
MORTGAGE AMT: 998,000.00 CITY : HILLSBORUOG CA 94010
LIFETIME RATE : 7.37500
UNPAID BALANCE: 996,476.530 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 6,892.9469.88796 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 103 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300833 MORTGAGORS: ANAYA, MANUEL
V.ANAYA, SARAH
ADDRESS : 2180 BELLOC COURT
MORTGAGE AMT: 397,000.00 CITY : SAN DIEGO CA 92109
LIFETIME RATE : 7.50000
UNPAID BALANCE: 396,408.900 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,775.8874.91000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300858 MORTGAGORS: MAHONEY, MARILYN
ADDRESS : 240 COAST BOULEVARD
MORTGAGE AMT: 363,900.00 CITY : LA JOLLA CA 92037
LIFETIME RATE : 8.37500
UNPAID BALANCE: 363,446.060 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,765.9069.98000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300866 MORTGAGORS: F.SCIBA, TIMOTHY
SCIBA, LOIS
ADDRESS : 2110 SOUTH PECAN TRAIL
MORTGAGE AMT: 281,550.00 CITY : RICHMOND TX 77469
LIFETIME RATE : 7.62500
UNPAID BALANCE: 281,141.160 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,992.7979.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300874 MORTGAGORS: STEIN, LEONARD
STEIN, MARY
ADDRESS : 405 NORTH AVENIDA VENADO
MORTGAGE AMT: 348,750.00 CITY : TUCSON AZ 85748
LIFETIME RATE : 7.12500
UNPAID BALANCE: 348,190.570 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,349.5975.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300882 MORTGAGORS: GALLAGHER, gwen
ADDRESS : 2040 BLACKWOOD DR
MORTGAGE AMT: 253,500.00 CITY : WALNUT CREE CA 94596
LIFETIME RATE : 7.87500
UNPAID BALANCE: 253,149.940 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,838.0562.29000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300916 MORTGAGORS: BUTLER, BRUCE
BUTLER, JANET
ADDRESS : 2176 GLENHAVEN DRIVE
MORTGAGE AMT: 303,000.00 CITY : HIGHLANDS Ranch CO 80126
LIFETIME RATE : 7.50000
UNPAID BALANCE: 302,775.130 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,118.6275.75000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300924 MORTGAGORS: WILLIAMS, LINDA
CALDERON, JOSE
ADDRESS : 4808 LOCUST STREET
MORTGAGE AMT: 283,800.00 CITY : BELLAIRE TX 77401
LIFETIME RATE : 7.62500
UNPAID BALANCE: 283,594.590 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,008.7264.50000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300932 MORTGAGORS: AUSTRIA, SUSANA
ADDRESS : 20615 MAYALL ST
MORTGAGE AMT: 280,250.00 CITY : LOS ANGELES CA 91311
LIFETIME RATE : 7.87500
UNPAID BALANCE: 280,057.130 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,032.0195.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300957 MORTGAGORS: LEPE, KRISTIN
LEPE, MARCO
ADDRESS : 921 QUARRY POINTE
MORTGAGE AMT: 449,000.00 CITY : SANTA ROSA CA 95405
LIFETIME RATE : 7.75000
UNPAID BALANCE: 448,364.160 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,216.6969.08000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300965 MORTGAGORS: BARULICH, RICHARD
BARULICH, ROMY
ADDRESS : 6 ACACIA LANE
MORTGAGE AMT: 468,200.00 CITY : REDWOOD CIT CA 94062
LIFETIME RATE : 7.75000
UNPAID BALANCE: 467,869.550 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,354.2470.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080300973 MORTGAGORS: RUSLI, FITALI
DU, JAJE
ADDRESS : 750 WALNUT AVE
MORTGAGE AMT: 649,950.00 CITY : BURLINGAME CA 94010
LIFETIME RATE : 8.00000
UNPAID BALANCE: 649,513.900 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,769.1073.03000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301005 MORTGAGORS: RANGANATHAN, MURALI
MURALI, DEVIKA
ADDRESS : 116 BRIAN LANE
MORTGAGE AMT: 337,600.00 CITY : SANTA CLARA CA 95051
LIFETIME RATE : 8.00000
UNPAID BALANCE: 337,373.480 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,477.1980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301013 MORTGAGORS: BEAM, RONALD
BEAM, LISA
ADDRESS : 3393 WALTON WAY
MORTGAGE AMT: 300,000.00 CITY : SAN JOSE CA 95008
LIFETIME RATE : 8.00000
UNPAID BALANCE: 299,798.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,201.2980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301021 MORTGAGORS: GHEZELAYAGN, HAMID
JAMALIBEH, TARANEH
ADDRESS : 112 SETON WaY
MORTGAGE AMT: 332,000.00 CITY : SANTA CRUZ CA 95060
LIFETIME RATE : 7.75000
UNPAID BALANCE: 331,765.680 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,378.4980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301039 MORTGAGORS: BARTLETT, TIM
BARTLETT, HARINDER
ADDRESS : 406 WINDHAM STREET
MORTGAGE AMT: 300,000.00 CITY : SANTA CRUZ CA 95060
LIFETIME RATE : 7.87500
UNPAID BALANCE: 299,793.540 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,175.2178.95000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301047 MORTGAGORS: HERSH, LISA
ADDRESS : 5325 NE FLANDERS STREET
MORTGAGE AMT: 140,000.00 CITY : PORTLAND OR 97213
LIFETIME RATE : 7.25000
UNPAID BALANCE: 139,670.360 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 955.0579.55000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301054 MORTGAGORS: BASGEN, THOMAS
BASGEN, LINDA
ADDRESS : 605 SEVENTH FAIRWAY DRIVE
MORTGAGE AMT: 233,250.00 CITY : MEDFORD OR 97504
LIFETIME RATE : 7.50000
UNPAID BALANCE: 232,902.700 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,630.9275.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301062 MORTGAGORS: BEHRENS, ELTON
ADDRESS : 30265 WILLOWBROOK
MORTGAGE AMT: 328,800.00 CITY : HAYWARD CA 94544
LIFETIME RATE : 7.37500
UNPAID BALANCE: 328,044.810 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,270.9480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301070 MORTGAGORS: OIEN, MICHAEL
ADDRESS : 1858 LINCOLN AVENUE
MORTGAGE AMT: 245,700.00 CITY : ARROYO GRAN CA 93420
LIFETIME RATE : 7.75000
UNPAID BALANCE: 245,176.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,760.2275.60000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301088 MORTGAGORS: EVANS, MARK
EVANS, CINDY
ADDRESS : 435 HILLEDGE DR
MORTGAGE AMT: 649,900.00 CITY : LAGUNA BEAC CA 92651
LIFETIME RATE : 7.62500
UNPAID BALANCE: 648,956.250 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,599.9560.74000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301096 MORTGAGORS: WANG, ALAN
WANG, KAREN
ADDRESS : 433 238TH AVENUE NE
MORTGAGE AMT: 290,800.00 CITY : REDMOND WA 98053
LIFETIME RATE : 7.37500
UNPAID BALANCE: 290,356.100 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,008.4880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301104 MORTGAGORS: ACKLEY, EDWARD
CAMPBELL-ACKLEY, CYNTHIA
ADDRESS : 28 EASTWOOD DRIVE
MORTGAGE AMT: 324,000.00 CITY : Orinda CA 94563
LIFETIME RATE : 7.75000
UNPAID BALANCE: 323,309.520 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,321.1880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301112 MORTGAGORS: CASTRONOVA, ELI
CASTRONOVA, BARBARA
ADDRESS : 7843 EAST MEDLOCK DR
MORTGAGE AMT: 140,000.00 CITY : SCOTTSDALE AZ 85250
LIFETIME RATE : 7.50000
UNPAID BALANCE: 139,791.530 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 978.9180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301120 MORTGAGORS: DAGLEY, JANET
ADDRESS : 3540 NORTH 108TH AVENUE
MORTGAGE AMT: 92,800.00 CITY : AVONDALE AZ 85323
LIFETIME RATE : 7.62500
UNPAID BALANCE: 92,597.230 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 656.8380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301138 MORTGAGORS: SALZMAN, JANICE
ADDRESS : 13840 AVENIDA DEL CHARRO
MORTGAGE AMT: 124,000.00 CITY : EL CAJON CA 92021
LIFETIME RATE : 7.50000
UNPAID BALANCE: 123,815.360 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 867.0362.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301146 MORTGAGORS: SPEAR, LESLIE
SPEAR, SOOKIE
ADDRESS : 191 LAKESHORE BOULEVARD,
MORTGAGE AMT: 160,000.00 CITY : ZEPHYR COVE NV 89448
LIFETIME RATE : 7.50000
UNPAID BALANCE: 159,641.550 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,118.7480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301153 MORTGAGORS: LEW, SIDNEY
PANG, TINA
ADDRESS : 21811 NORTH 40TH WAY
MORTGAGE AMT: 106,450.00 CITY : PHOENIX AZ 85050
LIFETIME RATE : 7.62500
UNPAID BALANCE: 106,295.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 753.4579.96000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301161 MORTGAGORS: STRASHEIM, JANET
ADDRESS : 96383 ADAMS LaNe
MORTGAGE AMT: 138,000.00 CITY : JUNCTION CIty OR 97448
LIFETIME RATE : 7.50000
UNPAID BALANCE: 137,794.520 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 964.9260.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301179 MORTGAGORS: ORENSTEIN, RICHARD
ADDRESS : 444 KINGSPORT DRIVE
MORTGAGE AMT: 150,000.00 CITY : GURNEE IL 60031
LIFETIME RATE : 7.50000
UNPAID BALANCE: 149,776.660 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,048.8254.97000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301187 MORTGAGORS: KALISIAK, HENRY
KALISIAK, JULIE
ADDRESS : 34 RIMANI
MORTGAGE AMT: 240,000.00 CITY : MISSION VIEJO CA 92692
LIFETIME RATE : 7.37500
UNPAID BALANCE: 239,633.640 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,657.6264.45000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301195 MORTGAGORS: YATES, MARILYN
ADDRESS : 15241 NORTH 45TH PLACE
MORTGAGE AMT: 196,000.00 CITY : PHOENIX AZ 85032
LIFETIME RATE : 6.87500
UNPAID BALANCE: 195,503.170 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,287.5870.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301203 MORTGAGORS: HOSSLEY, JAMES
HOSSLEY, BETHANNE
ADDRESS : 4023 TIGER RD
MORTGAGE AMT: 501,500.00 CITY : BRECKENRIDG CO 80424
LIFETIME RATE : 6.87500
UNPAID BALANCE: 500,228.780 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,294.5025.08000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301211 MORTGAGORS: RIDLEY, JEROLD
RIDLEY, M
ADDRESS : 13140 DELSON COURT
MORTGAGE AMT: 334,000.00 CITY : LOS ALTOS HILLS CA 94022
LIFETIME RATE : 7.62500
UNPAID BALANCE: 333,514.990 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,364.0321.69000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301229 MORTGAGORS: HAN, KI
HAN, AE
ADDRESS : 19290 SW CELEBRITY STREE
MORTGAGE AMT: 80,000.00 CITY : ALOHA OR 97007
LIFETIME RATE : 7.50000
UNPAID BALANCE: 79,820.780 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 559.3751.95000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301252 MORTGAGORS: GARCIA, CAROLYN
ADDRESS : 4810 EAST LAUREL LANE
MORTGAGE AMT: 132,000.00 CITY : Scottsdale AZ 85254
LIFETIME RATE : 7.25000
UNPAID BALANCE: 131,897.030 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 900.4779.52000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301302 MORTGAGORS: maknojia, nazarali
ADDRESS : 510 IVY CROSS LANE
MORTGAGE AMT: 131,800.00 CITY : SUGARLAND TX 77479
LIFETIME RATE : 7.37500
UNPAID BALANCE: 131,699.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 910.3179.96000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301310 MORTGAGORS: MILLER, JOHN
MILLER, ATHENA
ADDRESS : 1305 EAST TREASURE COVE D
MORTGAGE AMT: 240,000.00 CITY : GILBERT AZ 85234
LIFETIME RATE : 7.62500
UNPAID BALANCE: 239,651.500 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,698.7078.69000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301336 MORTGAGORS: ANDERSSON, MATS
ANDERSSON, ANDREA
ADDRESS : 4995 JUNIPER LANE
MORTGAGE AMT: 140,000.00 CITY : VAIL CO 81657
LIFETIME RATE : 7.75000
UNPAID BALANCE: 139,901.190 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,002.9837.84000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301385 MORTGAGORS: REECE, SCOTT
ADDRESS : 1276 MILTON WAY
MORTGAGE AMT: 168,500.00 CITY : MARBLE CO 81623
LIFETIME RATE : 7.25000
UNPAID BALANCE: 167,969.420 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,149.4774.89000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301393 MORTGAGORS: DUREN, D
ADDRESS : 32611 AZORES ROAD
MORTGAGE AMT: 360,000.00 CITY : DANA POINT CA 92629
LIFETIME RATE : 7.75000
UNPAID BALANCE: 359,232.830 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,579.0830.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301401 MORTGAGORS: WROBLEWSKI, DANIEL
WROBLEWSKI, LINDA
ADDRESS : 6 GLEN IRIS
MORTGAGE AMT: 285,000.00 CITY : DOVE CANYON CA 92679
LIFETIME RATE : 7.12500
UNPAID BALANCE: 284,312.190 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,920.1060.64000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301500 MORTGAGORS: KOVACS, KENNETH
KOVACS, JILL
ADDRESS : 1210 THE ALAMEDA
MORTGAGE AMT: 270,750.00 CITY : BERKELEY CA 94709
LIFETIME RATE : 8.12500
UNPAID BALANCE: 270,750.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,010.3275.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.12500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301930 MORTGAGORS: WILLIAMS, VINCENT
WILLIAMS, DERONDA
ADDRESS : 1921 THORNWOOD LANE
MORTGAGE AMT: 377,000.00 CITY : RIVERWOODS IL 60015
LIFETIME RATE : 7.75000
UNPAID BALANCE: 375,652.300 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,700.8781.96000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 04/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301955 MORTGAGORS: PUHALY, STEVEN
PUHALY, BRENDA
ADDRESS : 2091 OAK FORD ROAD
MORTGAGE AMT: 149,000.00 CITY : SARASOTA FL 34240
LIFETIME RATE : 7.75000
UNPAID BALANCE: 148,682.480 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,067.4574.96000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301963 MORTGAGORS: SPANBAUER, MICHAEL
SPANBAUER, CYNTHIA
ADDRESS : 6973 GLENHUNT LANE
MORTGAGE AMT: 361,000.00 CITY : CASTLEROCK CO 80104
LIFETIME RATE : 7.75000
UNPAID BALANCE: 360,745.210 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,586.2579.05000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301971 MORTGAGORS: PECK, GARY
ROCHA-PECK, LETICIA
ADDRESS : 902 WRANGLER COURT
MORTGAGE AMT: 225,250.00 CITY : BONITA CA 91902
LIFETIME RATE : 7.75000
UNPAID BALANCE: 224,769.970 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,613.7279.45000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080301997 MORTGAGORS: GUDDAT, BRENT
GUDDAT, FRANCES
ADDRESS : 320 MOTTSVILLE LANE
MORTGAGE AMT: 200,000.00 CITY : NEVADA NV 89410
LIFETIME RATE : 7.75000
UNPAID BALANCE: 199,429.900 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,432.8257.14000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302003 MORTGAGORS: SCHMITT, HARLAN
ADDRESS : 200 EAST GRAVES AVE
MORTGAGE AMT: 152,000.00 CITY : littleton CO 80121
LIFETIME RATE : 7.62500
UNPAID BALANCE: 151,442.870 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,075.8580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 04/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302011 MORTGAGORS: MUNDING, CARL
MUNDING, KATHLEEN
ADDRESS : 6524 NORTH 61ST STREET
MORTGAGE AMT: 275,000.00 CITY : PARADISE VALLEY AZ 85253
LIFETIME RATE : 7.62500
UNPAID BALANCE: 274,399.100 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,946.4364.25000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302029 MORTGAGORS: KNOWLES, GREG
ADDRESS : 7001 EAST PARADISE DRIVE
MORTGAGE AMT: 325,000.00 CITY : SCOTTSDALE AZ 85254
LIFETIME RATE : 7.62500
UNPAID BALANCE: 324,289.830 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,300.3376.47000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302037 MORTGAGORS: FERRAZ, EDWARDO
OBERLINDACHER, JEAN
ADDRESS : 2612 CIPRIANI BOULEVARD
MORTGAGE AMT: 300,000.00 CITY : BELMONT CA 94002
LIFETIME RATE : 7.62500
UNPAID BALANCE: 299,564.360 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,123.3858.71000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302045 MORTGAGORS: REEVES, MARVIN
REEVES, BETTY
ADDRESS : 6303 EAST STAR VALLEY CIR
MORTGAGE AMT: 323,000.00 CITY : MESA AZ 85215
LIFETIME RATE : 7.62500
UNPAID BALANCE: 322,055.960 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,286.1789.97000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302052 MORTGAGORS: NEWTON, GUY
SESZTAC, KLARA
ADDRESS : 9001 HUNTER PASS
MORTGAGE AMT: 265,500.00 CITY : ALPINE CA 91901
LIFETIME RATE : 7.62500
UNPAID BALANCE: 264,526.910 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,879.1990.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 04/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302060 MORTGAGORS: HADINGER, WILLIAM
WINIARSKI, VERONIQUE
ADDRESS : 1170 FREYA PLACE
MORTGAGE AMT: 344,000.00 CITY : SANTA CRUZ CA 95062
LIFETIME RATE : 7.62500
UNPAID BALANCE: 343,751.020 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,434.8180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302078 MORTGAGORS: LASER, DAVID
ADDRESS : 5610 SNOWDEN PLACE
MORTGAGE AMT: 514,000.00 CITY : SAN JOSE CA 95138
LIFETIME RATE : 7.62500
UNPAID BALANCE: 512,497.680 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,638.0663.22000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302086 MORTGAGORS: SOLATI, SHAHBAZ
ADDRESS : 4863 EAST ARMOR STREET
MORTGAGE AMT: 107,640.00 CITY : CAVE CREEK AZ 85331
LIFETIME RATE : 7.62500
UNPAID BALANCE: 107,404.790 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 761.8769.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302094 MORTGAGORS: HYSNI, NUHA
ADDRESS : 1315 FOREST BAY
MORTGAGE AMT: 450,000.00 CITY : WATERFORD MI 48329
LIFETIME RATE : 7.62500
UNPAID BALANCE: 449,346.550 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,185.0769.50000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302102 MORTGAGORS: SNYDER, PAMELA
ADDRESS : 6441 WEST EUGLE AVENUE
MORTGAGE AMT: 293,850.00 CITY : GLENDALE AZ 85304
LIFETIME RATE : 7.50000
UNPAID BALANCE: 293,191.670 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,054.6480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302110 MORTGAGORS: REAM, REGAN
ADDRESS : 779 ASPEN OAK COURT
MORTGAGE AMT: 205,000.00 CITY : AGOURA CA 91377
LIFETIME RATE : 7.50000
UNPAID BALANCE: 204,540.720 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,433.3951.77000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302128 MORTGAGORS: VELK, ERIC
VELK, ANGELA
ADDRESS : 23689 SONATA DRIVE
MORTGAGE AMT: 279,900.00 CITY : MURRIETA CA 92562
LIFETIME RATE : 7.50000
UNPAID BALANCE: 279,483.260 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,957.1079.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302144 MORTGAGORS: SALINAS, OSCAR
SALINAS, GINA
ADDRESS : 2432 ALMA DRIVE
MORTGAGE AMT: 65,000.00 CITY : MEDFORD OR 97504
LIFETIME RATE : 7.50000
UNPAID BALANCE: 64,755.770 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 454.4959.09000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 04/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302151 MORTGAGORS: IVAN, DANIEL
IVAN, JUDY
ADDRESS : 4650 EAST LA MIRADA
MORTGAGE AMT: 272,000.00 CITY : PHOENIX AZ 85044
LIFETIME RATE : 7.50000
UNPAID BALANCE: 271,798.140 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,901.8675.56000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302169 MORTGAGORS: DENNISTON, JAY
ADDRESS : 4401 NORTH 62ND STREET
MORTGAGE AMT: 253,000.00 CITY : SCOTTSDALE AZ 85251
LIFETIME RATE : 7.50000
UNPAID BALANCE: 252,433.200 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,769.0132.03000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302177 MORTGAGORS: GILBREATH, GREGORY
GILBREATH, SUSAN
ADDRESS : 12366 SW AUTUMNVIEW ST
MORTGAGE AMT: 269,600.00 CITY : Portland OR 97224
LIFETIME RATE : 7.50000
UNPAID BALANCE: 269,399.920 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,885.0889.98000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302185 MORTGAGORS: RECTOR, WALTER
RECTOR, SHIRLEY
ADDRESS : 7300 SOUTH SNOWBOWL
MORTGAGE AMT: 256,000.00 CITY : FLAGSTAFF AZ 86001
LIFETIME RATE : 7.50000
UNPAID BALANCE: 255,426.460 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,789.9956.89000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302193 MORTGAGORS: MULVANEY, BRIAN
ADDRESS : 4993 PACIFICA DRIVE
MORTGAGE AMT: 298,400.00 CITY : SAN DIEGO CA 92109
LIFETIME RATE : 7.50000
UNPAID BALANCE: 297,955.700 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,086.4680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302219 MORTGAGORS: ZANOTTO, TONY
ZANOTTO, PAULETTE
ADDRESS : 11081 ENCHANTO VISTA
MORTGAGE AMT: 514,000.00 CITY : SAN JOSE CA 95127
LIFETIME RATE : 7.50000
UNPAID BALANCE: 512,459.800 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,593.9669.93000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302227 MORTGAGORS: EBSARY, KATHY
ADDRESS : 4767 COMMANCHE DRIVE
MORTGAGE AMT: 86,250.00 CITY : COTTONWOOD AZ 86326
LIFETIME RATE : 7.50000
UNPAID BALANCE: 86,056.770 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 603.0775.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302235 MORTGAGORS: AGUIAR, ANDRES
AGUIAR, GUADALUPE
ADDRESS : 41787 VARDON DRIVE
MORTGAGE AMT: 157,100.00 CITY : TEMECULA CA 92591
LIFETIME RATE : 7.50000
UNPAID BALANCE: 156,748.030 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,098.4780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302243 MORTGAGORS: NAYLON, DOMINIQUE
CAMPODONICO, MARV
ADDRESS : 484 ALDER ST
MORTGAGE AMT: 131,100.00 CITY : TAHOMA CA 96142
LIFETIME RATE : 7.50000
UNPAID BALANCE: 130,904.810 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 916.6779.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302250 MORTGAGORS: GOURLEY, JUDY
ADDRESS : 1025 SOUTH HARRINGTON ST
MORTGAGE AMT: 120,000.00 CITY : GILBERT AZ 85233
LIFETIME RATE : 7.50000
UNPAID BALANCE: 119,821.320 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 839.0680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302268 MORTGAGORS: MACARAEG, GIRLEY
MACARAEG, ELMER
ADDRESS : 2900 SAINT CLOUD DRIVE
MORTGAGE AMT: 324,000.00 CITY : SAN BRUNO CA 94066
LIFETIME RATE : 7.50000
UNPAID BALANCE: 323,029.100 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,265.4680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302276 MORTGAGORS: LEE, JAMES
ADDRESS : 1537 EAST 96TH PLACE
MORTGAGE AMT: 120,000.00 CITY : Thornton CO 80229
LIFETIME RATE : 7.50000
UNPAID BALANCE: 119,731.140 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 839.0666.67000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302284 MORTGAGORS: BOEH, MILDRED
ADDRESS : 1262 ASTOR WAY
MORTGAGE AMT: 52,000.00 CITY : WOODBURN OR 97071
LIFETIME RATE : 7.50000
UNPAID BALANCE: 51,844.190 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 363.5980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302292 MORTGAGORS: HUMECKE, MARY
ADDRESS : 1298 WEST LOBSTER TRAP DR
MORTGAGE AMT: 184,400.00 CITY : Gilbert AZ 85233
LIFETIME RATE : 7.50000
UNPAID BALANCE: 183,986.870 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,289.3580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302318 MORTGAGORS: McGrath, William
ADDRESS : 1754 East Cinnabar Avenue
MORTGAGE AMT: 240,000.00 CITY : PHOENIX AZ 85020
LIFETIME RATE : 7.37500
UNPAID BALANCE: 239,448.770 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,657.6280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302326 MORTGAGORS: KALLA, NUHAD
KALLA, HEAM
ADDRESS : 3284 RANCHO DIEGO CIRCLE
MORTGAGE AMT: 255,000.00 CITY : EL CAJON CA 92019
LIFETIME RATE : 7.37500
UNPAID BALANCE: 254,216.700 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,761.2279.69000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302334 MORTGAGORS: ESCOBEDO, GUADALUPE
ADDRESS : 1243 EAST TRADEWIND DRIVE
MORTGAGE AMT: 135,440.00 CITY : GILBERT AZ 85234
LIFETIME RATE : 7.37500
UNPAID BALANCE: 135,128.920 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 935.4580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302342 MORTGAGORS: GOLD, JEFFREY
CLEMENT, ELIZABETH
ADDRESS : 31504 VALLEY CENTER ROAD
MORTGAGE AMT: 240,000.00 CITY : VALLEY CENT CA 92082
LIFETIME RATE : 7.37500
UNPAID BALANCE: 239,262.760 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,657.6264.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302359 MORTGAGORS: WOOLWINE, VIRGINIA
ADDRESS : 4935 WEST JEREMY DRIVE
MORTGAGE AMT: 75,200.00 CITY : GLENDALE AZ 85308
LIFETIME RATE : 7.37500
UNPAID BALANCE: 74,969.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 519.3980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302367 MORTGAGORS: DAMIAN, RADU
ADDRESS : 8517 NE 14TH LANE
MORTGAGE AMT: 121,000.00 CITY : VANCOUVER WA 98664
LIFETIME RATE : 7.37500
UNPAID BALANCE: 120,815.290 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 835.7272.46000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302375 MORTGAGORS: PRINSTER, DAVID
PRINSTER, LOURDES
ADDRESS : 5988 E JAMISON LANE
MORTGAGE AMT: 225,750.00 CITY : ENGLEWOOD CO 80112
LIFETIME RATE : 7.37500
UNPAID BALANCE: 225,405.390 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,559.2070.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302391 MORTGAGORS: CRAYK, KRIS
CRAYK, TAMMY
ADDRESS : 3386 EAST CANYON CREEK DR
MORTGAGE AMT: 700,000.00 CITY : SALT LAKE CITY UT 84121
LIFETIME RATE : 7.37500
UNPAID BALANCE: 697,849.690 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,834.7377.78000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302409 MORTGAGORS: DODD, ANDREA
ADDRESS : 22596 DALEWOOD DRIVE
MORTGAGE AMT: 316,000.00 CITY : PALO CEDRO CA 96073
LIFETIME RATE : 7.37500
UNPAID BALANCE: 315,029.310 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,182.5380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302417 MORTGAGORS: LACOUR, RON
LACOUR, ANNE
ADDRESS : 1835 LANCASTER RD.
MORTGAGE AMT: 300,000.00 CITY : FREELAND WA 98249
LIFETIME RATE : 7.37500
UNPAID BALANCE: 299,542.040 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,072.0361.98000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302425 MORTGAGORS: SAWYER, HUGH
ADDRESS : 980 E COLUMBIA
MORTGAGE AMT: 310,000.00 CITY : TELLURIDE CO 81435
LIFETIME RATE : 7.37500
UNPAID BALANCE: 309,526.790 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,141.0968.89000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302433 MORTGAGORS: DOWLATSHAHI, HOUSHANG
ADDRESS : 1688 MICHAEL LANE
MORTGAGE AMT: 424,000.00 CITY : PACIFIC PALISADES CA 90272
LIFETIME RATE : 7.37500
UNPAID BALANCE: 422,697.550 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,928.4676.40000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302441 MORTGAGORS: GIELEN, ANTON
GIELEN, KAREN
ADDRESS : 1722 BIGELOW AVENUE N
MORTGAGE AMT: 470,000.00 CITY : SEATTLE WA 98109
LIFETIME RATE : 7.37500
UNPAID BALANCE: 468,920.500 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,246.1752.81000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302458 MORTGAGORS: SCHOENY, DONALD
SCHOENY, JANET
ADDRESS : 820 EMPIRE AVENUE
MORTGAGE AMT: 349,700.00 CITY : PARK CITY UT 84060
LIFETIME RATE : 7.37500
UNPAID BALANCE: 348,353.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,415.2969.94000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 04/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302466 MORTGAGORS: ROSSER, ROBERT
ROSSER, KARLA
ADDRESS : 8027 EAST JUAN TABO
MORTGAGE AMT: 380,000.00 CITY : SCOTTSDALE AZ 85255
LIFETIME RATE : 7.37500
UNPAID BALANCE: 379,127.200 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,624.5772.39000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302474 MORTGAGORS: CALIXTO, RUEBEN
CALIXTO, JENNIFER
ADDRESS : 34225 NORTH SEGUNDO CIRCL
MORTGAGE AMT: 367,200.00 CITY : SCOTTSDALE AZ 85262
LIFETIME RATE : 7.37500
UNPAID BALANCE: 366,072.020 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,536.1680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302482 MORTGAGORS: CHA, DEMING
CHA, JENNIFER
ADDRESS : 3439 BRYANT STREET
MORTGAGE AMT: 464,000.00 CITY : PALO ALTO CA 94306
LIFETIME RATE : 7.37500
UNPAID BALANCE: 462,574.680 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,204.7380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302490 MORTGAGORS: WARD, TOM
TREVEY, SCOTT
STUMPP, KATHLEEN GRAY, DEANN
ADDRESS : 96 HIGHLANDS LANE
MORTGAGE AMT: 503,000.00 CITY : BEAVER CREE CO 81620
LIFETIME RATE : 7.37500
UNPAID BALANCE: 499,871.350 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,474.1053.51000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 01/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302508 MORTGAGORS: RUYACK, DAVID
JERRAM, MARIA
ADDRESS : 672 PALM AVENUE
MORTGAGE AMT: 675,000.00 CITY : LOS ALTOS CA 94022
LIFETIME RATE : 7.37500
UNPAID BALANCE: 672,926.490 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,662.0679.41000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302516 MORTGAGORS: LOECHNER, DAVID
LOECHNER, JONI
ADDRESS : 31 SOUTH ENCINO ROAD
MORTGAGE AMT: 668,000.00 CITY : LAGUNA BEACH CA 92651
LIFETIME RATE : 7.25000
UNPAID BALANCE: 665,896.600 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,556.9469.95000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302524 MORTGAGORS: BARALIC, MERI
ADDRESS : 4605 EAST ANNETTE DRIVE
MORTGAGE AMT: 64,000.00 CITY : PHOENIX AZ 85032
LIFETIME RATE : 7.25000
UNPAID BALANCE: 63,849.330 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 436.5951.61000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302532 MORTGAGORS: BRUMLEY, RICHARD
BRUMLEY, MARILYN
ADDRESS : 19 SOUTH LA SENDA DRIVE
MORTGAGE AMT: 646,000.00 CITY : LAGUNA BEACH CA 92651
LIFETIME RATE : 7.25000
UNPAID BALANCE: 643,449.660 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,406.8658.73000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 04/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302540 MORTGAGORS: BAKKILA, VICTOR
BAKKILA, COREY
ADDRESS : 2323 LAUREL PLACE
MORTGAGE AMT: 440,000.00 CITY : NEWPORT BEACH CA 92663
LIFETIME RATE : 7.25000
UNPAID BALANCE: 438,964.020 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,001.5873.33000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302557 MORTGAGORS: LEE, ROGER
LEE, JOAN
ADDRESS : 3872 ROYAL WOODS DR
MORTGAGE AMT: 588,000.00 CITY : SHERMAN OAKS CA 91403
LIFETIME RATE : 7.25000
UNPAID BALANCE: 587,079.830 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,011.2065.33000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302565 MORTGAGORS: M D, NANCY
EVERETT, NORRIS
ADDRESS : 3065 SANDSTONE ROAD
MORTGAGE AMT: 581,000.00 CITY : ALAMO CA 94507
LIFETIME RATE : 7.25000
UNPAID BALANCE: 579,170.580 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,963.4463.85000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302573 MORTGAGORS: BUEFF, HANS
DECAVEL, CHANTAL
ADDRESS : 5330 MOSS LANE
MORTGAGE AMT: 460,000.00 CITY : GRANTE BAY CA 95746
LIFETIME RATE : 7.25000
UNPAID BALANCE: 458,551.570 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,138.0180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302581 MORTGAGORS: RAINER, RAIMUND
RAINER, AGNES
ADDRESS : 7644 EAST COOLIDGE ST
MORTGAGE AMT: 106,400.00 CITY : SCOTTSDALE AZ 85251
LIFETIME RATE : 7.25000
UNPAID BALANCE: 106,233.480 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 725.8480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302599 MORTGAGORS: HAGERTY, MARYLYN
ADDRESS : 1808 CALLE MAYITA
MORTGAGE AMT: 460,500.00 CITY : SAN CLEMENT CA 92672
LIFETIME RATE : 7.25000
UNPAID BALANCE: 459,050.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,141.4276.75000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302607 MORTGAGORS: GASS, EUGENE
GASS, LUCILLE
ADDRESS : 37564 NORTH 92ND PLACE
MORTGAGE AMT: 515,000.00 CITY : SCOTTSDALE AZ 85262
LIFETIME RATE : 7.25000
UNPAID BALANCE: 513,787.450 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,513.2149.05000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302615 MORTGAGORS: STINE, JONATHAN
DAHL, SHANNON
ADDRESS : 17720 NE 188TH COURT
MORTGAGE AMT: 464,000.00 CITY : BRUSH PRAIRIE WA 98606
LIFETIME RATE : 7.25000
UNPAID BALANCE: 463,273.880 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,165.3080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302623 MORTGAGORS: CREMER, STEVE
CREMER, CAROLYN
ADDRESS : 5704 SOUTH LIMA STREET
MORTGAGE AMT: 375,000.00 CITY : ENGLEWOOD CO 80111
LIFETIME RATE : 7.25000
UNPAID BALANCE: 374,413.170 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,558.1675.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302631 MORTGAGORS: SILVER, DANIEL
SILVER, SHELLI
ADDRESS : 5529 NORTH 69TH PLACE
MORTGAGE AMT: 340,800.00 CITY : PARADISE VALLEY AZ 85253
LIFETIME RATE : 7.25000
UNPAID BALANCE: 339,726.880 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,324.8680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302649 MORTGAGORS: BACON, DEBORAH
BACON, MICHAEL
ADDRESS : 21127 NORTH 75TH STREET
MORTGAGE AMT: 363,000.00 CITY : SCOTTSDALE AZ 85255
LIFETIME RATE : 7.25000
UNPAID BALANCE: 362,145.330 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,476.3077.56000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302656 MORTGAGORS: STARMAN, RANDALL
ADDRESS : 4790 WEST HIDDEN VALLEY D
MORTGAGE AMT: 276,800.00 CITY : RENO NV 89502
LIFETIME RATE : 7.25000
UNPAID BALANCE: 276,366.840 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,888.2680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302664 MORTGAGORS: GAJARDO, MARIA-FE
ADDRESS : 150 MILLWATER COURT
MORTGAGE AMT: 280,800.00 CITY : MILPITAS CA 95035
LIFETIME RATE : 7.25000
UNPAID BALANCE: 280,138.880 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,915.5580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302672 MORTGAGORS: SAILORS, SAM
SAILORS, LESA
ADDRESS : 1055 NORTH LAYMAN STREET
MORTGAGE AMT: 280,000.00 CITY : GILBERT AZ 85233
LIFETIME RATE : 7.25000
UNPAID BALANCE: 279,118.360 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,910.0980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302680 MORTGAGORS: WALLACE, ELIZABETH
ADDRESS : 134 Mountain King Road
MORTGAGE AMT: 240,000.00 CITY : BOULDER CO 80301
LIFETIME RATE : 7.25000
UNPAID BALANCE: 239,434.940 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,637.2256.60000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302698 MORTGAGORS: SHULTZ, PATRICK
SHULTZ, KATHRYN
ADDRESS : 1422 97TH AVENUE NORTHEA
MORTGAGE AMT: 284,500.00 CITY : CLYDE HILL WA 98004
LIFETIME RATE : 7.25000
UNPAID BALANCE: 283,604.170 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,940.7959.89000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302706 MORTGAGORS: CLEARMOUNTAIN, ROBERT
BENNETT, BETTY
ADDRESS : 22013 ALTA DRIVE
MORTGAGE AMT: 244,950.00 CITY : Topanga CA 90290
LIFETIME RATE : 7.25000
UNPAID BALANCE: 244,373.280 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,670.9969.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302714 MORTGAGORS: SPADARO, MICHAEL
SPADARO, VALERIA
ADDRESS : 2 WESTCLIFF
MORTGAGE AMT: 270,000.00 CITY : LAGUNA NIGU CA 92677
LIFETIME RATE : 7.25000
UNPAID BALANCE: 269,577.470 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,841.8845.38000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302722 MORTGAGORS: KRZEMINSKI, JAN
KRZEMINSKI, KATHLEEN
ADDRESS : 481 GOLF COURSE ROAD
MORTGAGE AMT: 292,000.00 CITY : LAKE AROWHEEAD CA 92352
LIFETIME RATE : 7.25000
UNPAID BALANCE: 291,312.520 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,991.9574.87000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302748 MORTGAGORS: RUSKE, ROBIN
ADDRESS : 1325 EAST TREASURE COVE D
MORTGAGE AMT: 322,500.00 CITY : GILBERT AZ 85234
LIFETIME RATE : 7.25000
UNPAID BALANCE: 321,226.800 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,200.0275.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 04/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302755 MORTGAGORS: CAREY, THOMAS
ADDRESS : 203 TERRMAR
MORTGAGE AMT: 270,000.00 CITY : SAN CLEMENT CA 92673
LIFETIME RATE : 7.25000
UNPAID BALANCE: 269,149.820 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,841.8858.95000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302763 MORTGAGORS: BERNAL, PETER
ADDRESS : 6503 BUCK SPRINGS PLACE
MORTGAGE AMT: 332,480.00 CITY : PINETOP AZ 85935
LIFETIME RATE : 7.25000
UNPAID BALANCE: 331,433.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,268.1080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302789 MORTGAGORS: SANCHEZ, ROBERT
SANCHEZ, MARY
ADDRESS : 1981 WEST HEMLOCK WA
MORTGAGE AMT: 327,000.00 CITY : CHANDLER AZ 85248
LIFETIME RATE : 7.25000
UNPAID BALANCE: 325,970.330 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,230.7279.76000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302797 MORTGAGORS: WANG, KADY
ADDRESS : 6570 NORTH SILVERSMITH PL
MORTGAGE AMT: 180,000.00 CITY : TUCSON AZ 85750
LIFETIME RATE : 7.25000
UNPAID BALANCE: 179,433.210 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,227.9245.92000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302805 MORTGAGORS: KELSO, PAUL
ADDRESS : 33718 NW PEKIN FERRY DR
MORTGAGE AMT: 311,200.00 CITY : RIDGEFIELD WA 98642
LIFETIME RATE : 7.25000
UNPAID BALANCE: 310,713.010 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,122.9380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302813 MORTGAGORS: VINZANT, JANET
DENHARDT, ROBERT
ADDRESS : 6300 WEST CORONA DRIIVE
MORTGAGE AMT: 300,000.00 CITY : CHANDLER AZ 85226
LIFETIME RATE : 7.25000
UNPAID BALANCE: 299,530.530 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,046.5393.02000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302821 MORTGAGORS: GRADY, CHARLES
GRADY, KAREN
ADDRESS : 2530 EAST AMBERWOOD DRIVE
MORTGAGE AMT: 256,500.00 CITY : PHOENIX AZ 85048
LIFETIME RATE : 7.25000
UNPAID BALANCE: 255,692.350 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,749.7895.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302847 MORTGAGORS: NACCARA, FARID
NACCARA, ROCIO
ADDRESS : 2151 EAST BASE LINE ROAD
MORTGAGE AMT: 183,000.00 CITY : LA VERNE CA 91750
LIFETIME RATE : 7.87500
UNPAID BALANCE: 182,874.060 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,326.8864.66000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302862 MORTGAGORS: WANG, XUE
ADDRESS : 2623 BAYPORT DRIVE
MORTGAGE AMT: 329,200.00 CITY : TORRANCE CA 90503
LIFETIME RATE : 7.62500
UNPAID BALANCE: 328,721.950 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,330.0680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302870 MORTGAGORS: CLARK, MELVIN
CLARK, ALICE
ADDRESS : 3593 LINCOLN AVENUE
MORTGAGE AMT: 340,000.00 CITY : ALTADENA CA 91001
LIFETIME RATE : 7.62500
UNPAID BALANCE: 339,506.270 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,406.5079.07000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302888 MORTGAGORS: TSAO, KATHLEEN
ADDRESS : 10808 GARLAND DRIVE
MORTGAGE AMT: 288,000.00 CITY : CULVER CITY CA 90232
LIFETIME RATE : 7.50000
UNPAID BALANCE: 287,136.990 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,013.7457.60000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302896 MORTGAGORS: HUSTRULID, WILLIAM
HUSTRULID, FINA
ADDRESS : 4421 PRETTY GOOD ROAD
MORTGAGE AMT: 306,000.00 CITY : PLACERVILLE CA 95667
LIFETIME RATE : 8.00000
UNPAID BALANCE: 305,794.680 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,245.3290.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302912 MORTGAGORS: NICHOLSON, CARL
ADDRESS : 12834 EAST 30TH AVENUE
MORTGAGE AMT: 106,400.00 CITY : AURORA CO 80011
LIFETIME RATE : 7.50000
UNPAID BALANCE: 106,161.640 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 743.9680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302920 MORTGAGORS: MURRAY, MARIANNE
ADDRESS : 345 VIEW DRIVE
MORTGAGE AMT: 78,000.00 CITY : SEDONA AZ 86336
LIFETIME RATE : 7.37500
UNPAID BALANCE: 77,880.930 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 538.7366.10000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302938 MORTGAGORS: TAYLOR, RANDY
ADDRESS : 2182 BUCKINGHAM WAY
MORTGAGE AMT: 440,000.00 CITY : UPLAND CA 91784
LIFETIME RATE : 7.37500
UNPAID BALANCE: 438,305.290 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,038.9780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 04/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302946 MORTGAGORS: MAULL, JAMES
MAULL, PAULETTE
ADDRESS : 4067 S. CLOVERDALE AVENUE
MORTGAGE AMT: 388,000.00 CITY : LOS ANGELES CA 90008
LIFETIME RATE : 7.37500
UNPAID BALANCE: 386,808.120 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,679.8270.55000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080302979 MORTGAGORS: AUZENNE, MARIE
ADDRESS : 1501 S BLUFF COURT
MORTGAGE AMT: 121,500.00 CITY : DIAMOND BAR CA 91765
LIFETIME RATE : 7.25000
UNPAID BALANCE: 121,117.430 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 828.8437.97000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080303001 MORTGAGORS: LE, HUY
NGUYEN, VAN VO, MAI HUONG
ADDRESS : 1740 EVERGLADES DRIVE
MORTGAGE AMT: 263,000.00 CITY : MILPITAS CA 95035
LIFETIME RATE : 8.00000
UNPAID BALANCE: 262,823.530 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,929.8084.02556 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080303035 MORTGAGORS: DIXON, BOBBY
DIXON, ROBIN
ADDRESS : 2264 SHILOH AVENUE
MORTGAGE AMT: 304,000.00 CITY : MILPITAS CA 95035
LIFETIME RATE : 8.00000
UNPAID BALANCE: 303,796.030 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,230.6480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080303043 MORTGAGORS: HALLIWELL, JOHN
HALLIWELL, YADIRA
ADDRESS : 5746 HILLBRIGHT CIRCLE
MORTGAGE AMT: 272,000.00 CITY : SAN JOSE CA 95123
LIFETIME RATE : 8.00000
UNPAID BALANCE: 272,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,995.8480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080303126 MORTGAGORS: WHEELER, JERRY
WHEELER, DARA
ADDRESS : 3704 WINLOCK WAY
MORTGAGE AMT: 256,500.00 CITY : EL DORADO H CA 95762
LIFETIME RATE : 7.87500
UNPAID BALANCE: 256,323.480 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,859.8090.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080304132 MORTGAGORS: NUSSBAUM, STANLEY
JONES, VICTORIA
ADDRESS : 5770 DESOTO DRIVE
MORTGAGE AMT: 362,600.00 CITY : SANTA ROSA CA 95409
LIFETIME RATE : 8.37500
UNPAID BALANCE: 362,600.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,756.0279.98341 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.37500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080304199 MORTGAGORS: STERNS, THOMAS
STERNS, BARBARA
ADDRESS : 843 MARINO PINES ROAD
MORTGAGE AMT: 300,000.00 CITY : PACIFIC GRO CA 93950
LIFETIME RATE : 8.37500
UNPAID BALANCE: 300,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,280.2280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.37500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080304207 MORTGAGORS: BLUNT, DAROL
BLUNT, JUDY
ADDRESS : 1531 MARIA PLACE
MORTGAGE AMT: 260,000.00 CITY : ROHNERT PAR CA 94928
LIFETIME RATE : 8.37500
UNPAID BALANCE: 260,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,976.1979.51070 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.37500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080304520 MORTGAGORS: VAUGHN, LYNN
VAUGHN, ELANA
ADDRESS : 11822 LOMA LINDA WAY
MORTGAGE AMT: 510,000.00 CITY : SANTA ANA CA 92705
LIFETIME RATE : 7.87500
UNPAID BALANCE: 510,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,697.8580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306434 MORTGAGORS: ALSHEFSKI, JOHN
ALSHEFSKI, KAREN
ADDRESS : 617 WINFIELD WAY
MORTGAGE AMT: 348,400.00 CITY : CHESTER SPRINGS PA 19425
LIFETIME RATE : 6.75000
UNPAID BALANCE: 347,495.020 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,259.7279.98328 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306442 MORTGAGORS: CRUZ RIVERA, MARIO
CRUZ RIVERA, CARMEN
ADDRESS : 406 BRENTFORD ROAD
MORTGAGE AMT: 273,100.00 CITY : KENNETT SQUARE PA 19348
LIFETIME RATE : 7.00000
UNPAID BALANCE: 272,424.500 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,816.9479.98899 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306475 MORTGAGORS: LABRADOR, RACHEL
COLONGON, PROCESO
ADDRESS : 168 SOUTH RIDGEDALE AVENU
MORTGAGE AMT: 285,000.00 CITY : EAST HANOVER NJ 07936
LIFETIME RATE : 7.12500
UNPAID BALANCE: 284,542.820 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,920.1095.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306483 MORTGAGORS: NARKOFF, MICHAEL
NARKOFF, KATHLEEN
ADDRESS : 4857 GLOUCESTER DRIVE
MORTGAGE AMT: 260,000.00 CITY : DOWYLESTOWN PA 18901
LIFETIME RATE : 6.87500
UNPAID BALANCE: 259,561.900 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,708.0180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306491 MORTGAGORS: HOFFMAN, JACK
HOFFMAN, JUNE
ADDRESS : 16046 E CHOLLA DRIVE
MORTGAGE AMT: 300,000.00 CITY : FOUNTAIN HI AZ 85268
LIFETIME RATE : 7.12500
UNPAID BALANCE: 299,518.760 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,021.1653.19149 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306509 MORTGAGORS: STANZIONE, ROBERT
STANZIONE, RACHEL
ADDRESS : 27 COLEY ROAD
MORTGAGE AMT: 650,000.00 CITY : WILTON CT 06897
LIFETIME RATE : 7.12500
UNPAID BALANCE: 648,957.330 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,379.1766.32653 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306533 MORTGAGORS: KAYSER, DENNIS
KAYSER, MARTHA
ADDRESS : 2346 APPLE RIDGE CIRCLE
MORTGAGE AMT: 318,750.00 CITY : WALL NJ 08736
LIFETIME RATE : 7.75000
UNPAID BALANCE: 318,298.610 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,283.5675.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306558 MORTGAGORS: FISHER, IVOR
FISHER, PATRICIA
ADDRESS : 40 EAST MISSION PALMS
MORTGAGE AMT: 276,000.00 CITY : RANCHO MIRA CA 92270
LIFETIME RATE : 7.25000
UNPAID BALANCE: 275,568.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,882.8180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306566 MORTGAGORS: AARON, LAWRENCE
AARON, ENIKO
ADDRESS : 6 FAULKNER DRIVE
MORTGAGE AMT: 305,900.00 CITY : ROXBURY TOWNSHIP NJ 07876
LIFETIME RATE : 7.75000
UNPAID BALANCE: 305,466.790 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,191.5189.99706 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306608 MORTGAGORS: KHUC, LAN
WONG, LYNN
ADDRESS : 2862 HOSTETTER ROAD
MORTGAGE AMT: 288,000.00 CITY : SAN JOSE CA 95132
LIFETIME RATE : 8.25000
UNPAID BALANCE: 288,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,163.6580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.25000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306632 MORTGAGORS: MANZARI, STEVEN
MANZARI, VIRGINIA
ADDRESS : 28 BERKSHIRE DRIVE
MORTGAGE AMT: 264,000.00 CITY : WEST WINDSO NJ 08850
LIFETIME RATE : 7.37500
UNPAID BALANCE: 263,596.990 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,823.3980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306640 MORTGAGORS: WINTERS, LANCE
WINTERS, CAROLYN
ADDRESS : 6078 COLTON BLVD
MORTGAGE AMT: 332,000.00 CITY : OAKLAND CA 94611
LIFETIME RATE : 7.00000
UNPAID BALANCE: 330,901.890 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,208.8080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306657 MORTGAGORS: ABAD, AL
ABAD, CYNTHIA
ADDRESS : 48932 TULARE DR
MORTGAGE AMT: 519,000.00 CITY : FREMONT CA 94539
LIFETIME RATE : 7.62500
UNPAID BALANCE: 518,246.340 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,673.4575.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306749 MORTGAGORS: DREILING, ROGER
DREILING, LYNN
ADDRESS : 8330 NW CHAPPARAL DRIVE
MORTGAGE AMT: 410,000.00 CITY : CORVALLIS OR 97330
LIFETIME RATE : 7.62500
UNPAID BALANCE: 409,404.610 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,901.9674.54545 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306756 MORTGAGORS: NEPPL, LARRY
NEPPL, WENDY
ADDRESS : 16612 FARNAM STREET
MORTGAGE AMT: 271,300.00 CITY : OMAHA NE 68118
LIFETIME RATE : 7.50000
UNPAID BALANCE: 271,098.660 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,896.9784.99320 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306764 MORTGAGORS: OVERMAN, ROBERT
OVERMAN, DEANNA
ADDRESS : 3214 PANTHER CREEK ROAD
MORTGAGE AMT: 280,250.00 CITY : ADEL IA 50003
LIFETIME RATE : 7.50000
UNPAID BALANCE: 280,042.010 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,959.5595.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306772 MORTGAGORS: LEVERING, CARY
ADDRESS : 16 LEXINGTON ROAD
MORTGAGE AMT: 265,000.00 CITY : RICHMOND VA 23226
LIFETIME RATE : 7.37500
UNPAID BALANCE: 264,798.360 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,830.2978.86905 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306780 MORTGAGORS: KOEPPE, ALFRED
KOEPPE, ANN
ADDRESS : 141 GLIMMER GLASS CIRCLE
MORTGAGE AMT: 300,000.00 CITY : MANASQUAN NJ 08736
LIFETIME RATE : 7.37500
UNPAID BALANCE: 299,542.040 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,072.0368.18182 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306798 MORTGAGORS: SCIALABBA, STEVEN
SCIALABBA, CONSTANCE
ADDRESS : 365 SHADE TREE COURT
MORTGAGE AMT: 275,000.00 CITY : YARDLEY PA 19067
LIFETIME RATE : 6.87500
UNPAID BALANCE: 274,302.940 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,806.5589.70365 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306806 MORTGAGORS: GALL, WILLIAM
GALL, SYLVIA
ADDRESS : 707 ACORN DRIVE
MORTGAGE AMT: 368,000.00 CITY : CLAYTON CA 94517
LIFETIME RATE : 7.50000
UNPAID BALANCE: 367,726.890 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,573.1180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306814 MORTGAGORS: SHERNAN, STANTON
SHERNAN, AUDREY
ADDRESS : 22 DEVONSHIRE ROAD
MORTGAGE AMT: 380,000.00 CITY : MIDDLETON MA 01949
LIFETIME RATE : 6.87500
UNPAID BALANCE: 379,359.670 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,496.3376.76768 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306822 MORTGAGORS: THOMAS, JAMES
JACKSON, DEBORA
ADDRESS : 4 PINE MEADOW DRIVE
MORTGAGE AMT: 350,000.00 CITY : NEWTON MA 02466
LIFETIME RATE : 7.12500
UNPAID BALANCE: 349,155.320 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,358.0268.76228 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306830 MORTGAGORS: LUNDBERG, CHRIS
LUNDBERG, LISA
ADDRESS : 1 DAWN MEADOW LANE
MORTGAGE AMT: 260,000.00 CITY : NEWARK DE 19711
LIFETIME RATE : 6.62500
UNPAID BALANCE: 259,539.950 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,664.8172.82913 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306848 MORTGAGORS: SMOLENSKI, DONALD
COSENTINO, KAREN
ADDRESS : 262 HATHAWAY LANE
MORTGAGE AMT: 272,000.00 CITY : WYNNEWOOD PA 19096
LIFETIME RATE : 7.00000
UNPAID BALANCE: 271,552.800 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,809.6285.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306855 MORTGAGORS: NARGI, RANDALL
PRINCIOTTO, LORAINE
ADDRESS : 1125 147TH PLACE NORTHEAS
MORTGAGE AMT: 296,000.00 CITY : BELLEVUE WA 98007
LIFETIME RATE : 7.37500
UNPAID BALANCE: 295,320.140 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,044.4080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306863 MORTGAGORS: KLEIN, JONATHAN
KLEIN, CAROL
ADDRESS : 17 SHAGBARK COURT
MORTGAGE AMT: 330,000.00 CITY : IOWA CITY IA 52246
LIFETIME RATE : 6.62500
UNPAID BALANCE: 329,416.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,113.0356.89655 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306871 MORTGAGORS: BLISS, JEFFREY
BLISS, MONIQUE
ADDRESS : 7 MARTI ROAD
MORTGAGE AMT: 300,000.00 CITY : BOROUGH OF PARK RIDG NJ 07656
LIFETIME RATE : 7.37500
UNPAID BALANCE: 262,088.260 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,072.0367.87330 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306889 MORTGAGORS: FLORENCE, JOSEPH
FLORENCE, DEANNN
ADDRESS : 36 WYNDEMERE
MORTGAGE AMT: 308,000.00 CITY : PARKERSBURG WV 26101
LIFETIME RATE : 6.75000
UNPAID BALANCE: 307,734.820 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,997.6880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306897 MORTGAGORS: ROBINSON, BRADLEY
ROBINSON, ELIZABETH
ADDRESS : 386 PENN ROAD
MORTGAGE AMT: 300,000.00 CITY : WYNNEWOOD PA 19096
LIFETIME RATE : 6.37500
UNPAID BALANCE: 299,442.800 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,871.6149.18033 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306905 MORTGAGORS: NORLUND, H
NORDLUND, SARAH
ADDRESS : 280 SKYLINE DRIVE
MORTGAGE AMT: 264,000.00 CITY : ELKHORN NE 68022
LIFETIME RATE : 6.75000
UNPAID BALANCE: 263,544.120 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,712.3080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306913 MORTGAGORS: CARNEY, JOHN
ADDRESS : 11723 AMKIN DRIVE
MORTGAGE AMT: 290,000.00 CITY : CLIFTON VA 20124
LIFETIME RATE : 6.75000
UNPAID BALANCE: 290,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,880.9471.64722 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306921 MORTGAGORS: GRIFFIN, CHRIS
GRIFFIN, JENNIFER
ADDRESS : 908 PIEDMONT CIRCLE
MORTGAGE AMT: 250,000.00 CITY : NAPERVILLE IL 60565
LIFETIME RATE : 7.37500
UNPAID BALANCE: 249,603.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,726.6986.20690 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306954 MORTGAGORS: PATTON, JONATHAN
PATTON, CHRISTINA
ADDRESS : 8737 NORTH 85TH STREET
MORTGAGE AMT: 409,600.00 CITY : SCOTTSDALE AZ 85258
LIFETIME RATE : 7.12500
UNPAID BALANCE: 409,272.450 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,759.5580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306962 MORTGAGORS: BARNETT, G
ADDRESS : 6 LONG FELLOW CIRCLE
MORTGAGE AMT: 649,900.00 CITY : LITTLE ROCK AR 72207
LIFETIME RATE : 6.75000
UNPAID BALANCE: 648,777.750 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,215.2443.32667 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306988 MORTGAGORS: GOERTZEL, TED
UHL, LINDA
ADDRESS : 155 ALGONQUIN TRAIL
MORTGAGE AMT: 280,000.00 CITY : MEDFORD LAK NJ 08055
LIFETIME RATE : 7.37500
UNPAID BALANCE: 279,572.570 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,933.8972.72727 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080306996 MORTGAGORS: QUINN, ROBERT
QUINN, MELANIE
ADDRESS : 8205 GUINEVERE DR
MORTGAGE AMT: 276,800.00 CITY : ANNANDALE VA 22003
LIFETIME RATE : 6.62500
UNPAID BALANCE: 276,310.210 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,772.3980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080307002 MORTGAGORS: SINCLAIR, JULIA
POULIN, PAUL
ADDRESS : 223 BORDER ROAD
MORTGAGE AMT: 325,000.00 CITY : CONCORD MA 01742
LIFETIME RATE : 7.37500
UNPAID BALANCE: 324,503.880 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,244.7067.70833 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080307028 MORTGAGORS: GALINKIN, KAREN
GALINKIN, JEFFREY
ADDRESS : 1294 KAREN LANE
MORTGAGE AMT: 352,000.00 CITY : RADNOR PA 19087
LIFETIME RATE : 7.12500
UNPAID BALANCE: 351,150.510 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,371.4980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080307069 MORTGAGORS: AUTERY, DAMIAN
AUTERY, CAULEEN
ADDRESS : 64 ASHLEY PLACE
MORTGAGE AMT: 331,800.00 CITY : READING MA 01867
LIFETIME RATE : 7.62500
UNPAID BALANCE: 331,318.180 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,348.4670.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080307077 MORTGAGORS: PATICK, COREY
PATICK, MARSHA
ADDRESS : 21626 ACANTHUS CIRCLE
MORTGAGE AMT: 312,000.00 CITY : WALNUT CA 91789
LIFETIME RATE : 7.50000
UNPAID BALANCE: 311,301.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,181.5580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080307085 MORTGAGORS: GENTER, DENNIS
ADDRESS : OLD ROUTE 11
MORTGAGE AMT: 247,000.00 CITY : NEW LONDON NH 03257
LIFETIME RATE : 7.75000
UNPAID BALANCE: 246,650.210 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,769.5495.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080307093 MORTGAGORS: NANTO, DICK
NANTO, MASAKO
ADDRESS : 12818 WYCKLOW DRIVE
MORTGAGE AMT: 260,800.00 CITY : CLIFTON VA 20124
LIFETIME RATE : 7.12500
UNPAID BALANCE: 260,591.440 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,757.0680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080307101 MORTGAGORS: GOODALL, BRIAN
ADDRESS : 19312 CREEK ROUND AVENUE
MORTGAGE AMT: 330,000.00 CITY : BATON ROUGE LA 70817
LIFETIME RATE : 7.12500
UNPAID BALANCE: 329,470.650 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,223.2780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080307119 MORTGAGORS: GILBRIDE, THOMAS
GILBRIDE, DIANE
ADDRESS : 15907 FOX MARSH DRIVE
MORTGAGE AMT: 253,278.00 CITY : MOSELEY VA 23120
LIFETIME RATE : 7.50000
UNPAID BALANCE: 252,900.880 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,770.9679.99987 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080307135 MORTGAGORS: DURANTE, ELI
DURANTE, BARBARA
ADDRESS : 14001 LOOKOUT DRIVE
MORTGAGE AMT: 303,920.00 CITY : KANSAS CITY MO 64139
LIFETIME RATE : 7.50000
UNPAID BALANCE: 303,251.970 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,125.0579.56021 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080307150 MORTGAGORS: O'SULLIVAN, TIMOTHY
O'SULLIVAN, SUSAN
ADDRESS : 12108 DENFORD COURT
MORTGAGE AMT: 300,000.00 CITY : GLEN ALLEN VA 23060
LIFETIME RATE : 7.50000
UNPAID BALANCE: 299,553.310 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,097.6574.69287 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080307176 MORTGAGORS: STEIGLEDER, MICHAEL
STEIGLEDER, MARY
ADDRESS : 1606 NORTH 137TH STREET
MORTGAGE AMT: 280,000.00 CITY : OMAHA NE 68137
LIFETIME RATE : 7.50000
UNPAID BALANCE: 279,792.200 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,957.8080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080307184 MORTGAGORS: SCHER, CHARLES
SCHER, ANNE
ADDRESS : 110 BERKSHIRE ROAD
MORTGAGE AMT: 260,000.00 CITY : RICHMOND VA 23221
LIFETIME RATE : 7.50000
UNPAID BALANCE: 259,807.040 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,817.9664.64446 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080307192 MORTGAGORS: SCHIFFERDECK, ROBERT
SCHIFFERDECK, LAURA
ADDRESS : 120 JUDIQUE ROAD
MORTGAGE AMT: 320,000.00 CITY : TEWKSBURY MA 01876
LIFETIME RATE : 7.75000
UNPAID BALANCE: 319,318.060 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,292.5280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080307200 MORTGAGORS: SIMON, CALVIN
SIMON, PAULA
ADDRESS : 10929 CANDLELIGHT LANE
MORTGAGE AMT: 280,250.00 CITY : DALLAS TX 75229
LIFETIME RATE : 7.50000
UNPAID BALANCE: 279,832.720 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,959.5595.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080307267 MORTGAGORS: WITT, PETER
WITT, ALICE
ADDRESS : 12609 WENONGA LN
MORTGAGE AMT: 290,000.00 CITY : LEAWOOD KS 66209
LIFETIME RATE : 7.75000
UNPAID BALANCE: 289,795.320 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,077.6070.73171 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080307283 MORTGAGORS: VICKHOUSE, ROBERT
ADDRESS : 13710 THORNGATE ROAD
MORTGAGE AMT: 278,350.00 CITY : MIDLOTHIAN VA 23113
LIFETIME RATE : 7.50000
UNPAID BALANCE: 278,143.420 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,946.2795.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080307341 MORTGAGORS: SCHARMEN, GEORGE
FRASE, NANCY
ADDRESS : 9270 MARYMONT PARK
MORTGAGE AMT: 280,250.00 CITY : SAN ANTONIO TX 78217
LIFETIME RATE : 7.37500
UNPAID BALANCE: 280,036.750 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,935.6295.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080307358 MORTGAGORS: DIBIASE, TED
DIBIASE, FRANCINE
ADDRESS : 4949 CHADDINGTON DR
MORTGAGE AMT: 320,000.00 CITY : DUBLIN OH 43017
LIFETIME RATE : 7.12500
UNPAID BALANCE: 319,486.680 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,155.9057.65766 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080307366 MORTGAGORS: HOUREN, JEROME
ADDRESS : 1000 N. FOREST AVE.
MORTGAGE AMT: 464,000.00 CITY : OAK PARK IL 60302
LIFETIME RATE : 7.37500
UNPAID BALANCE: 463,646.930 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,204.7480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080307374 MORTGAGORS: NGUYEN, GREGORY
NGUYEN, NHAN
ADDRESS : 3296 NORWOOD AVE
MORTGAGE AMT: 280,000.00 CITY : SAN JOSE CA 95148
LIFETIME RATE : 7.50000
UNPAID BALANCE: 279,583.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,957.8170.97592 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080307382 MORTGAGORS: HASKEY, JOHN
HASKEY, CYNTHIA
ADDRESS : 310 BRAEMOOR DRIVR
MORTGAGE AMT: 296,000.00 CITY : SANTA CRUZ CA 95060
LIFETIME RATE : 7.75000
UNPAID BALANCE: 295,791.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,120.5980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080307861 MORTGAGORS: ALOMARI, AHMED
ADDRESS : 2222 GIANERA STREET
MORTGAGE AMT: 354,750.00 CITY : SANTA CLARA CA 95054
LIFETIME RATE : 7.75000
UNPAID BALANCE: 353,994.010 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,541.4789.99353 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308042 MORTGAGORS: GREGORY, JOHN
KUSHINKA, SHARONANN
ADDRESS : 1190 NOE STREET
MORTGAGE AMT: 556,000.00 CITY : SAN FRANCISCO CA 94114
LIFETIME RATE : 7.00000
UNPAID BALANCE: 550,837.970 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,699.0880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 10/01/28
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308059 MORTGAGORS: RIBBLE, REID
RIBBLE, DEANA
ADDRESS : N7611 LOWER CLIFF RD
MORTGAGE AMT: 325,000.00 CITY : SHERWOOD WI 54169
LIFETIME RATE : 7.12500
UNPAID BALANCE: 322,877.050 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,189.5974.71000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 01/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308067 MORTGAGORS: COHEN, GEORGE
COHEN, VIRGINIA
ADDRESS : 5 STEPNEY ROAD
MORTGAGE AMT: 300,000.00 CITY : REDDING CT 06896
LIFETIME RATE : 6.75000
UNPAID BALANCE: 298,693.950 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,945.7952.17000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 04/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308075 MORTGAGORS: MARQUEZ, RICHARD
MARQUEZ, SYLVIA
ADDRESS : 6556 WEST ROBIN LANE
MORTGAGE AMT: 251,250.00 CITY : GLENDALE AZ 85310
LIFETIME RATE : 7.37500
UNPAID BALANCE: 250,478.200 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,735.3275.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308083 MORTGAGORS: LISCINSKY, JANICE
ADDRESS : 7 HENRY DRIVE
MORTGAGE AMT: 249,900.00 CITY : SHELTON CT 06484
LIFETIME RATE : 6.75000
UNPAID BALANCE: 249,684.840 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,620.8567.56000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308109 MORTGAGORS: MILLER, RUSSELL
MILLER, SUSAN
ADDRESS : 64 MILFORD CHASE
MORTGAGE AMT: 284,000.00 CITY : MILFORD CT 06460
LIFETIME RATE : 7.50000
UNPAID BALANCE: 283,789.230 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,985.7778.42000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308125 MORTGAGORS: WRIGHT, ANDREW
ADDRESS : 51 FOREST AVENUE UNIT # 3
MORTGAGE AMT: 333,750.00 CITY : GREENWICH CT 06870
LIFETIME RATE : 7.37500
UNPAID BALANCE: 333,496.040 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,305.1375.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308141 MORTGAGORS: WARREN, BENJAMIN
ADDRESS : 18716 LINDERO CANYON ROAD
MORTGAGE AMT: 479,500.00 CITY : SILVERADO CA 92676
LIFETIME RATE : 7.75000
UNPAID BALANCE: 478,820.960 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,435.2079.98000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308158 MORTGAGORS: SKIBINSKI, JOHN
ADDRESS : 181 KINTNER HILL ROAD
MORTGAGE AMT: 280,000.00 CITY : UPPER BLACK EDDY PA 18972
LIFETIME RATE : 7.12500
UNPAID BALANCE: 279,776.090 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,886.4177.78000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308166 MORTGAGORS: HUDSON, RUSSELL
BERONHUDSON, TONI
ADDRESS : 4811 HERMANSON CIRCLE
MORTGAGE AMT: 291,932.00 CITY : HUNTINGTON BEACH CA 92649
LIFETIME RATE : 7.37500
UNPAID BALANCE: 291,709.870 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,016.3064.87000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308174 MORTGAGORS: LEE, DONALD
LEE, LEONAIDA
ADDRESS : 1567 31ST AVE
MORTGAGE AMT: 250,000.00 CITY : SAN FRANCISCO CA 94122
LIFETIME RATE : 7.62500
UNPAID BALANCE: 249,555.410 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,033.1364.94000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/19
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308182 MORTGAGORS: PROKOP, STEPHEN
PROKOP, JULIANNE
ADDRESS : 1124 KING PALM DRIVE
MORTGAGE AMT: 328,750.00 CITY : SIMI VALLEY CA 93065
LIFETIME RATE : 7.75000
UNPAID BALANCE: 328,284.440 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,355.2180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308224 MORTGAGORS: BROWN, GERALD
BROWN, KIMBERLY
ADDRESS : 314 KENNEDY AVENUE
MORTGAGE AMT: 262,050.00 CITY : SAN BUENAVENTURA CA 93003
LIFETIME RATE : 7.37500
UNPAID BALANCE: 261,649.990 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,809.9180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308232 MORTGAGORS: JOYCE, JAMES
ADDRESS : 18702 LINDERO Canyon road
MORTGAGE AMT: 447,950.00 CITY : SILVERADO CA 92676
LIFETIME RATE : 7.37500
UNPAID BALANCE: 447,266.200 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,093.8879.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308240 MORTGAGORS: WALSH, SEAMUS
WALSH, JANE
ADDRESS : 201 COLLEGE PARK DR
MORTGAGE AMT: 325,000.00 CITY : FAIRFIELD CT 06430
LIFETIME RATE : 7.37500
UNPAID BALANCE: 324,752.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,244.6972.22000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308257 MORTGAGORS: DIBACCO, MICHAEL
DIBACCO, JUNE
ADDRESS : 8-C PORTER ROAD
MORTGAGE AMT: 328,000.00 CITY : BOXFORD MA 01921
LIFETIME RATE : 7.12500
UNPAID BALANCE: 327,473.840 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,209.8080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308273 MORTGAGORS: BOROWICZ, MARCIN
BOROWICZ, IWONA
ADDRESS : LOT 6 BRYANWOOD LANE
MORTGAGE AMT: 281,900.00 CITY : GROTON MA 01450
LIFETIME RATE : 7.00000
UNPAID BALANCE: 281,668.930 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,875.4971.93000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308281 MORTGAGORS: ROTTERSMAN, ALAN
ROTTERSMAN, E
ADDRESS : 60 BEECHWOOD ROAD
MORTGAGE AMT: 464,100.00 CITY : WELLESLEY MA 02482
LIFETIME RATE : 7.50000
UNPAID BALANCE: 463,409.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,245.0585.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308307 MORTGAGORS: WILLIAMS, ELTON
ADDRESS : 26642 COUNTRY CREEK LANE
MORTGAGE AMT: 332,910.00 CITY : CALABASAS CA 91302
LIFETIME RATE : 7.87500
UNPAID BALANCE: 332,450.280 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,413.8390.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308315 MORTGAGORS: ACIERTO, ROSITA
ACIERTO, CELSO
ADDRESS : 362 KENNEDY AVENUE
MORTGAGE AMT: 253,550.00 CITY : SAN BUENAVENTURA CA 93003
LIFETIME RATE : 7.62500
UNPAID BALANCE: 253,181.810 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,794.6179.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308356 MORTGAGORS: GRIFFIN, WILLIAM
GRIFFIN, PAULETTE
ADDRESS : 14301 JASONWOOD COURT
MORTGAGE AMT: 360,000.00 CITY : BOWIE MD 20721
LIFETIME RATE : 7.50000
UNPAID BALANCE: 359,732.830 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,517.1790.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308364 MORTGAGORS: KEARNS, THOMAS
KEARNS, BARBARA
ADDRESS : 100 BENEDETTI CT
MORTGAGE AMT: 296,000.00 CITY : CARY NC 27513
LIFETIME RATE : 6.87500
UNPAID BALANCE: 295,751.320 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,944.5180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308372 MORTGAGORS: HOLMAN, CRAIG
HOLMAN, CINDY
ADDRESS : 10033 WEATHERWOOD COURT
MORTGAGE AMT: 394,000.00 CITY : POTOMAC MD 20854
LIFETIME RATE : 7.62500
UNPAID BALANCE: 393,714.830 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,788.7180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308380 MORTGAGORS: GLYNN, MARY
O O CONNOR, COLLEEN
ADDRESS : 437 D STREET UNIT 5E
MORTGAGE AMT: 325,000.00 CITY : SOUTH BOSTON MA 02127
LIFETIME RATE : 7.62500
UNPAID BALANCE: 324,528.050 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,300.3372.22000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308406 MORTGAGORS: HARRISON, A
BROWN-HARRISON, MARY
ADDRESS : 23549 SHELBURNE RD
MORTGAGE AMT: 278,000.00 CITY : SHAKER HEIGHTS OH 44122
LIFETIME RATE : 7.25000
UNPAID BALANCE: 277,564.950 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,896.4580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308414 MORTGAGORS: BACON, CHESTER
BACON, LINDA
ADDRESS : 11423 SOUTH GRANITE AVENU
MORTGAGE AMT: 324,500.00 CITY : TULSA OK 74137
LIFETIME RATE : 7.37500
UNPAID BALANCE: 324,253.080 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,241.2460.15000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308422 MORTGAGORS: CHIODI, JOHN
CHIODI, KIMBERLY
ADDRESS : 14 PINE ROAD
MORTGAGE AMT: 648,000.00 CITY : ALLENDALE NJ 07401
LIFETIME RATE : 7.37500
UNPAID BALANCE: 647,506.930 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,475.5780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308430 MORTGAGORS: SIDES, JEFFREY
DELCOURT, PAULETTE
ADDRESS : 4140 ELLINGTON
MORTGAGE AMT: 342,000.00 CITY : WESTERN SPRINGS IL 60558
LIFETIME RATE : 7.50000
UNPAID BALANCE: 341,746.190 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,391.3177.73000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308448 MORTGAGORS: LOVELUCK, DAVID
LOVELUCK, JOANNA
ADDRESS : 145 BROOKSIDE AVENUE
MORTGAGE AMT: 386,250.00 CITY : BELMONT MA 02478
LIFETIME RATE : 7.50000
UNPAID BALANCE: 385,674.890 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,700.7274.28000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308455 MORTGAGORS: ROSE, THOMAS
ROSE, MICHELLE
ADDRESS : 19 COLONIAL DRIVE
MORTGAGE AMT: 298,000.00 CITY : WESTFORD MA 01886
LIFETIME RATE : 7.37500
UNPAID BALANCE: 297,545.100 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,058.2170.95000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308463 MORTGAGORS: BOULAY, AIMEE
MOVSESSIAN, SHAWN
ADDRESS : 7 CONSTITUTION ROAD
MORTGAGE AMT: 280,000.00 CITY : LEXINGTON MA 02421
LIFETIME RATE : 7.00000
UNPAID BALANCE: 279,539.620 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,862.8573.68000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308471 MORTGAGORS: HEWES, A
ADDRESS : 256 SOUTH VAN PELT STREET
MORTGAGE AMT: 545,000.00 CITY : PHILADELPHIA PA 19103
LIFETIME RATE : 7.62500
UNPAID BALANCE: 544,605.540 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,857.4878.42000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308489 MORTGAGORS: VANWAGONER, NEIL
VANWAGONER, TERRY
ADDRESS : 327 KENNEDY AVENUE
MORTGAGE AMT: 281,250.00 CITY : SAN BUENAVENTURA CA 93003
LIFETIME RATE : 7.12500
UNPAID BALANCE: 280,798.850 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,894.8379.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308497 MORTGAGORS: HOLDEN, RICHMOND
HOLDEN, MARGARET
ADDRESS : 43 BEAVERBROOK LANE
MORTGAGE AMT: 400,000.00 CITY : DUXBURY MA 02332
LIFETIME RATE : 7.37500
UNPAID BALANCE: 399,695.630 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,762.7061.54000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308505 MORTGAGORS: OWEN, SUZANNE
DEANGELIS, CHRISTOPHER
ADDRESS : 57 GOODALE ST
MORTGAGE AMT: 267,000.00 CITY : MARLBOROUGH MA 01752
LIFETIME RATE : 7.00000
UNPAID BALANCE: 266,561.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,776.3672.75000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308521 MORTGAGORS: BURBRIDGE, STEPHEN
RUSSELL-BURBRIDGE, MINDY
ADDRESS : 338 SAGE TRAIL
MORTGAGE AMT: 295,000.00 CITY : NORTH KINGSTOWN RI 02852
LIFETIME RATE : 7.12500
UNPAID BALANCE: 294,526.780 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,987.4785.51000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308539 MORTGAGORS: MAULL, NANCY
ADDRESS : 43A JOY STREET
MORTGAGE AMT: 376,000.00 CITY : BOSTON MA 02114
LIFETIME RATE : 7.12500
UNPAID BALANCE: 375,699.320 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,533.1862.67000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308554 MORTGAGORS: KOLLAR, MATTHEW
KOLLAR, KIMBERLY
ADDRESS : 176 POND ROAD
MORTGAGE AMT: 472,000.00 CITY : STAMFORD CT 06904
LIFETIME RATE : 7.00000
UNPAID BALANCE: 471,223.950 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,140.2380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308562 MORTGAGORS: IVIMEY, JOHN
IVIMEY, JUDITH
ADDRESS : 19 GILBERT HILL ROAD
MORTGAGE AMT: 314,700.00 CITY : CHESTER CT 06412
LIFETIME RATE : 7.25000
UNPAID BALANCE: 314,454.500 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,146.8174.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308570 MORTGAGORS: HANNOURA, ALIM
ADDRESS : 965 TAFT PLACE
MORTGAGE AMT: 292,000.00 CITY : NEW ORLEANS LA 70119
LIFETIME RATE : 6.87500
UNPAID BALANCE: 291,259.840 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,918.2380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 6.87500 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308588 MORTGAGORS: NELSON, RODNEY
NELSON, NATALIE
ADDRESS : 21056 PENNINGTON LANE
MORTGAGE AMT: 281,600.00 CITY : TRABUCO CANYON CA 92679
LIFETIME RATE : 7.37500
UNPAID BALANCE: 281,385.730 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,944.9490.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308596 MORTGAGORS: ONISORU, AUREL
NICHIFOR, LORANA
NICHIFOR, IULIAN ONISORU, MARIA
ADDRESS : 1201 S HONEYSUCKLE TRAIL
MORTGAGE AMT: 260,100.00 CITY : SIOUX FALLS SD 57106
LIFETIME RATE : 7.00000
UNPAID BALANCE: 259,672.360 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,730.4590.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308604 MORTGAGORS: RODDY, STEVEN
RODDY, THERESA
ADDRESS : 19245 HAYDEN COURT
MORTGAGE AMT: 584,800.00 CITY : BROOKFIELD WI 53045
LIFETIME RATE : 7.25000
UNPAID BALANCE: 584,343.800 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,989.3779.99000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308612 MORTGAGORS: MARKS, JAMES
MARKS, PATRICIA
ADDRESS : 1321 FISHERSVILLE RD
MORTGAGE AMT: 257,000.00 CITY : FISHERSVILLE KY 40023
LIFETIME RATE : 7.62500
UNPAID BALANCE: 256,813.990 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,819.0379.76000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308620 MORTGAGORS: HAMILTON, THOMAS
HAMILTON, JILL
ADDRESS : 2800 QUEENSWOOD ROAD
MORTGAGE AMT: 277,500.00 CITY : MIDLOTHIAN VA 23113
LIFETIME RATE : 7.50000
UNPAID BALANCE: 276,668.470 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,940.3277.08000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.50000 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308638 MORTGAGORS: POPJOY,, ROBERT
POPJOY, ILSE
ADDRESS : 5610 N NATOMA AVENUE
MORTGAGE AMT: 307,500.00 CITY : CHICAGO IL 60631
LIFETIME RATE : 7.25000
UNPAID BALANCE: 306,776.010 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,097.6975.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 06/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308646 MORTGAGORS: MEKKI, QAIS
AL-SINAWI, LUBNA
ADDRESS : 430 MUIRFIELD LANE
MORTGAGE AMT: 377,000.00 CITY : RIVERWOODS IL 60015
LIFETIME RATE : 7.12500
UNPAID BALANCE: 375,783.300 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,539.9278.54000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 05/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308653 MORTGAGORS: SKELLY, CHRISTOPHER
SKELLY, LISA
ADDRESS : 2230 N ALVARADO ROAD
MORTGAGE AMT: 270,000.00 CITY : PHOENIX AZ 85004
LIFETIME RATE : 7.12500
UNPAID BALANCE: 269,566.890 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,819.0464.29000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.12500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308661 MORTGAGORS: CARLTON, THOMAS
ADDRESS : 1600 BILTMORE DRIVE
MORTGAGE AMT: 420,000.00 CITY : CHARLOTTE NC 28207
LIFETIME RATE : 7.00000
UNPAID BALANCE: 419,309.450 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,794.2770.59000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.00000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308679 MORTGAGORS: JACKSON, DAVID
JACKSON, LYDIA
ADDRESS : 10624 ALLOWAY DRIVE
MORTGAGE AMT: 625,000.00 CITY : POTOMAC MD 20854
LIFETIME RATE : 7.25000
UNPAID BALANCE: 624,021.940 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 4,263.6071.43000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308729 MORTGAGORS: GUGLIOTTA, PETER
GUGLIOTTA, JOANNE
ADDRESS : 29 W 480 MORNINGSIDE
MORTGAGE AMT: 280,800.00 CITY : BARTLETT IL 60103
LIFETIME RATE : 7.37500
UNPAID BALANCE: 280,371.350 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,939.4280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.37500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308737 MORTGAGORS: MADWAY, WILLIAM
MADWAY, LINDA
ADDRESS : 907 MORRIS AVENUE
MORTGAGE AMT: 420,000.00 CITY : BRYN MAWR PA 19010
LIFETIME RATE : 7.62500
UNPAID BALANCE: 419,696.020 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,972.7380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308745 MORTGAGORS: WOJCIECHOWSKI, CAMERON
WOJCIECHOWSKI, BARBARA
ADDRESS : 7254 THEATHER
MORTGAGE AMT: 270,400.00 CITY : FENTON MI 48430
LIFETIME RATE : 7.75000
UNPAID BALANCE: 270,209.150 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,937.1880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080308836 MORTGAGORS: KOMBOURAS, NICHOLAS
KOMBOURAS, PHYLLIS
ADDRESS : 34 GREEN LANE
MORTGAGE AMT: 400,000.00 CITY : WESTON MA 02493
LIFETIME RATE : 7.25000
UNPAID BALANCE: 399,374.030 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,728.7148.48000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080312226 MORTGAGORS: ECHAVIA, ANTHONY
ECHAVIA, ANN
ADDRESS : 961 GRAY FOX CIRCLE
MORTGAGE AMT: 450,000.00 CITY : PLEASANTON CA 94566
LIFETIME RATE : 7.25000
UNPAID BALANCE: 450,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,069.7952.94118 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080312234 MORTGAGORS: VERSHAY, GREGORY
VERSHAY, NAOLA
ADDRESS : 1518 THOMPSON AVENUE
MORTGAGE AMT: 304,000.00 CITY : GLENDALE CA 91201
LIFETIME RATE : 7.25000
UNPAID BALANCE: 304,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,073.8280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.25000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080313158 MORTGAGORS: FRANK, DOUG
ADDRESS : 310 MESA LANE
MORTGAGE AMT: 385,000.00 CITY : SANTA BARBA CA 93109
LIFETIME RATE : 7.87500
UNPAID BALANCE: 385,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,791.5279.38144 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080313208 MORTGAGORS: FAROOQ, MUHAMMAD
FAROOQ, NAHID
ADDRESS : 3777 COOLHEIGHTS DRIVE
MORTGAGE AMT: 452,000.00 CITY : RANCHO PALO CA 90275
LIFETIME RATE : 7.75000
UNPAID BALANCE: 451,680.990 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,238.1880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080313216 MORTGAGORS: ORDWAY, FRED
ORDWAY, DONNA
ADDRESS : 39390 CAMINO SIERRA
MORTGAGE AMT: 448,000.00 CITY : TEMECULA CA 92592
LIFETIME RATE : 8.00000
UNPAID BALANCE: 447,699.400 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,287.2780.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080313232 MORTGAGORS: RAMIREZ, JOSE
RAMIREZ, MARIA
ADDRESS : 415 NORTH CORDOVA STREET
MORTGAGE AMT: 285,000.00 CITY : ALHAMBRA CA 91801
LIFETIME RATE : 7.62500
UNPAID BALANCE: 284,793.730 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,017.2188.78505 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080313257 MORTGAGORS: GUTIERREZ, PEDRO
GUTIERREZ, MARIA
ADDRESS : 5777 MOUNTAIN COURT
MORTGAGE AMT: 288,800.00 CITY : CASTRO VALL CA 94552
LIFETIME RATE : 7.62500
UNPAID BALANCE: 288,590.970 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,044.1180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080313281 MORTGAGORS: NYE, R
NYE, PAULA
ADDRESS : 108 CANYON LAKES WAY
MORTGAGE AMT: 415,200.00 CITY : SAN RAMON CA 94583
LIFETIME RATE : 7.87500
UNPAID BALANCE: 414,914.260 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,010.4980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080313315 MORTGAGORS: COURTNEY, CRAIG
ADDRESS : 306 EL SALTO AVENUE
MORTGAGE AMT: 320,000.00 CITY : CAPITOLA CA 95010
LIFETIME RATE : 7.87500
UNPAID BALANCE: 320,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,320.2280.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080313331 MORTGAGORS: NGUYEN, QUYNHMAI
NGUYEN, TUYEN
ADDRESS : 945 CAPE BUFFALO DRIVE
MORTGAGE AMT: 271,000.00 CITY : SAN JOSE CA 95133
LIFETIME RATE : 7.75000
UNPAID BALANCE: 270,808.730 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,941.4870.78971 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080313349 MORTGAGORS: TRAN, THAN
PHAM, KIM TRINH
ADDRESS : 4483 PARK SOMMERS WAY
MORTGAGE AMT: 268,000.00 CITY : SAN JOSE CA 95136
LIFETIME RATE : 7.75000
UNPAID BALANCE: 267,810.850 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,919.9880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080313356 MORTGAGORS: FERRANDO, GREGORY
FERRANDO, CHRISTINE
ADDRESS : 10400 CROTHERS ROAD
MORTGAGE AMT: 356,250.00 CITY : SAN JOSE CA 95127
LIFETIME RATE : 7.87500
UNPAID BALANCE: 356,250.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,583.0675.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080313380 MORTGAGORS: ISHII, SHINZO
ISHII, KEIKO
ADDRESS : 23991 LA CHIQUITA DRIVE
MORTGAGE AMT: 292,000.00 CITY : MISSION VIE CA 92691
LIFETIME RATE : 7.87500
UNPAID BALANCE: 291,799.050 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,117.2080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080313414 MORTGAGORS: PONTIUS, WILLIAM
WHITE, KIMBELRY
ADDRESS : 3098 MENLO DRIVE
MORTGAGE AMT: 340,000.00 CITY : GLENDALE CA 91208
LIFETIME RATE : 7.87500
UNPAID BALANCE: 339,766.010 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,465.2480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080313471 MORTGAGORS: KURT, SARAH
ADDRESS : 8181 WHITE HAWK ROAD
MORTGAGE AMT: 274,500.00 CITY : SHINGLE SPR CA 95682
LIFETIME RATE : 7.87500
UNPAID BALANCE: 274,500.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,990.3290.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080315930 MORTGAGORS: LOCKIE, STEPHEN
LOCKIE, TARA
ADDRESS : 1234 IMPERIAL DRIVE
MORTGAGE AMT: 468,000.00 CITY : GLENDALE CA 91207
LIFETIME RATE : 7.87500
UNPAID BALANCE: 467,677.930 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,393.3279.86348 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080315971 MORTGAGORS: RUSSELL, STEPHEN
RUSSELL, ROBIN
ADDRESS : 8941 MEADOWBROOK WAY
MORTGAGE AMT: 295,200.00 CITY : BUENA PARK CA 90621
LIFETIME RATE : 7.75000
UNPAID BALANCE: 294,991.650 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,114.8580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080315989 MORTGAGORS: ESTEVEZ, ELDRIS
REYES ESTEVE, RENEE
ADDRESS : 2216 ALAMEDA DE LAS PULGA
MORTGAGE AMT: 360,000.00 CITY : SAN MATEO CA 94403
LIFETIME RATE : 7.87500
UNPAID BALANCE: 359,752.250 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,610.2575.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316078 MORTGAGORS: WALKER, JANE
ADDRESS : 7225 EAST COLUMBUS DRIVE
MORTGAGE AMT: 328,500.00 CITY : ANAHEIM CA 92807
LIFETIME RATE : 7.75000
UNPAID BALANCE: 328,268.150 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,353.4190.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316110 MORTGAGORS: CENTONI, OSCAR
CENTONI, MARY
ADDRESS : 11495 SUNNYSIDE DRIVE
MORTGAGE AMT: 296,000.00 CITY : FORESTVILLE CA 95436
LIFETIME RATE : 8.00000
UNPAID BALANCE: 295,801.390 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,171.9480.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316193 MORTGAGORS: NGUYEN, DAVID
DO, KIMBERLY
ADDRESS : 15668 BAYPOINT AVENUE
MORTGAGE AMT: 329,600.00 CITY : SAN LEANDRO CA 94579
LIFETIME RATE : 7.62500
UNPAID BALANCE: 329,361.440 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,332.8979.98816 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316201 MORTGAGORS: STEINDORF, LEO
STEINDORF, TERI
ADDRESS : 4832 LUCY COURT
MORTGAGE AMT: 299,950.00 CITY : SANTA ROSA CA 95405
LIFETIME RATE : 7.75000
UNPAID BALANCE: 299,738.300 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,148.8879.98880 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316227 MORTGAGORS: KRAMER, MICHAEL
ADDRESS : 60 BORICA
MORTGAGE AMT: 304,000.00 CITY : SAN FRANCIS CA 94127
LIFETIME RATE : 7.62500
UNPAID BALANCE: 303,779.980 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,151.6980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316235 MORTGAGORS: KIM, DONG
KIM, JINNELL
ADDRESS : 26717 FOND DU LAC ROAD
MORTGAGE AMT: 375,000.00 CITY : RANCHO PALO CA 90275
LIFETIME RATE : 7.87500
UNPAID BALANCE: 374,482.160 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,719.0179.95736 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 07/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316276 MORTGAGORS: HAUCK, DAVID
HAUCK, BARBARA
ADDRESS : 18150 WOOD EDGE LANE
MORTGAGE AMT: 300,000.00 CITY : RIVERSIDE CA 92504
LIFETIME RATE : 7.62500
UNPAID BALANCE: 299,782.870 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,123.3880.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316284 MORTGAGORS: MUEHLBAUER, RICHARD
NEIRMAN, BARBARA
ADDRESS : 2072 ELEVADO ROAD
MORTGAGE AMT: 310,000.00 CITY : VISTA CA 92084
LIFETIME RATE : 8.00000
UNPAID BALANCE: 309,792.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,274.6771.92575 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316300 MORTGAGORS: CADMAN, WALTER
CADMAN, JAN
ADDRESS : 907 EAST DORAL COURT
MORTGAGE AMT: 287,900.00 CITY : PLACENTIA CA 92870
LIFETIME RATE : 7.62500
UNPAID BALANCE: 287,691.620 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,037.7479.97844 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316425 MORTGAGORS: FUNG, GEORGE
FAN FUNG, LAI
FUNG, LORRAINE FAT FUNG, JOHN
ADDRESS : 430-432 5TH AVENUE
MORTGAGE AMT: 450,000.00 CITY : SAN FRANCIS CA 94118
LIFETIME RATE : 7.87500
UNPAID BALANCE: 449,690.310 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,262.8169.23077 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.87500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316441 MORTGAGORS: LE, ALEXANDER
LE, OANH
ADDRESS : 2834 ROSARIO DRIVE
MORTGAGE AMT: 284,000.00 CITY : SAN JOSE CA 95132
LIFETIME RATE : 7.75000
UNPAID BALANCE: 283,799.560 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,034.6180.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316490 MORTGAGORS: ROBERTS, JEFFREY
ROBERTS, CAROL
ADDRESS : 3524 CORTE RAMON
MORTGAGE AMT: 285,200.00 CITY : CARLSBAD CA 92009
LIFETIME RATE : 7.75000
UNPAID BALANCE: 284,998.710 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,043.2189.99684 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316508 MORTGAGORS: MILLER, DENNIS
MILLER, KAREN
ADDRESS : 330 BIG BEN ROAD
MORTGAGE AMT: 352,500.00 CITY : LINCOLN CA 95648
LIFETIME RATE : 7.75000
UNPAID BALANCE: 352,251.210 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,525.3583.92857 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316516 MORTGAGORS: SWEENEY, MARY
SHERRY, MARY
SWEENEY, KEVIN SHERRY, PAUL
ADDRESS : 3070 MONMOUTH
MORTGAGE AMT: 290,800.00 CITY : CLEVELAND H OH 44118
LIFETIME RATE : 7.62500
UNPAID BALANCE: 290,800.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,058.2680.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316524 MORTGAGORS: TURNER, MICHAEL
TURNER, NOREEN
ADDRESS : 8605 DINARD PLACE
MORTGAGE AMT: 356,000.00 CITY : BAKERSFIELD CA 93311
LIFETIME RATE : 8.00000
UNPAID BALANCE: 356,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,612.2080.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316532 MORTGAGORS: NEU, STEVE
ADDRESS : 8505 EAST HIDDEN LAKES DR
MORTGAGE AMT: 303,750.00 CITY : GRANITE BAY CA 95746
LIFETIME RATE : 7.75000
UNPAID BALANCE: 303,535.620 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,176.1090.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316557 MORTGAGORS: WATSON, JOSEPH
ADDRESS : 1303 SANTA YNEZ WAY
MORTGAGE AMT: 315,200.00 CITY : SACRAMENTO CA 95816
LIFETIME RATE : 7.75000
UNPAID BALANCE: 314,977.540 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,258.1380.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316599 MORTGAGORS: WELCH, GEORGE
ADDRESS : 2220 DESERT CREEK AVENUE
MORTGAGE AMT: 286,200.00 CITY : SIMI VALLEY CA 93063
LIFETIME RATE : 7.75000
UNPAID BALANCE: 286,200.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,050.3790.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316615 MORTGAGORS: BRUNO, VICTORIA
ADDRESS : 35372 EDEN COURT
MORTGAGE AMT: 364,500.00 CITY : FREMONT CA 94536
LIFETIME RATE : 8.00000
UNPAID BALANCE: 364,255.430 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,674.5790.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316797 MORTGAGORS: HOUSSIERE, CHRISTIAN
HOUSSIERE, KRISTIN
ADDRESS : 89 BRIAR LANE
MORTGAGE AMT: 310,000.00 CITY : IRVINE CA 92602
LIFETIME RATE : 7.75000
UNPAID BALANCE: 310,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,220.8879.48718 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316847 MORTGAGORS: PAYNE, JONATHAN
ADDRESS : 2990 SPRINGBROOK COURT
MORTGAGE AMT: 346,000.00 CITY : SAN JOSE CA 95148
LIFETIME RATE : 7.75000
UNPAID BALANCE: 346,000.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,478.7982.38095 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316870 MORTGAGORS: HART, NATALIE
HART, MATTHEW
ADDRESS : 2816 GELDING LANE
MORTGAGE AMT: 258,300.00 CITY : LIVERMORE CA 94550
LIFETIME RATE : 7.62500
UNPAID BALANCE: 258,300.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,828.2379.98563 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316896 MORTGAGORS: RASMUSSEN, RUSSELL
BALA, VIRGINIA
ADDRESS : 632 C STREET
MORTGAGE AMT: 296,250.00 CITY : PETALUMA CA 94952
LIFETIME RATE : 8.12500
UNPAID BALANCE: 296,250.000 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,199.6575.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.12500 MATURITY DATE:
PRODUCT CODE: 102 09/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316920 MORTGAGORS: TAKATSUKA, ANDY
YU, MAGGIE
ADDRESS : 2655 HOLLISTER TERRACE
MORTGAGE AMT: 270,800.00 CITY : GLENDALE CA 91206
LIFETIME RATE : 7.75000
UNPAID BALANCE: 270,608.880 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,940.0479.88201 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316953 MORTGAGORS: SCHUCK, ROBERT
SCHUCK, ANNE
ADDRESS : 8852 BAYWOOD DRIVE
MORTGAGE AMT: 282,400.00 CITY : HUNTINGTON CA 92646
LIFETIME RATE : 8.00000
UNPAID BALANCE: 282,210.520 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,072.1580.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 8.00000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080316987 MORTGAGORS: VOSS, BRIAN
VOSS, ANDERIA
ADDRESS : 715 FALLS LANDING COURT
MORTGAGE AMT: 356,150.00 CITY : ALPHARETTA GA 30022
LIFETIME RATE : 7.62500
UNPAID BALANCE: 355,892.230 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 2,520.8185.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080317001 MORTGAGORS: PARIS, SONNY
HALL, MARY
ADDRESS : 1799 BARCELONA AVENUE
MORTGAGE AMT: 265,600.00 CITY : SAN JOSE CA 95124
LIFETIME RATE : 7.75000
UNPAID BALANCE: 265,412.540 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 1,902.7980.00000 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.75000 MATURITY DATE:
PRODUCT CODE: 102 08/01/29
---------------------------------------------------------------------------------------------------------------------------
LN # 0080317175 MORTGAGORS: DICKINSON, W
DICKINSON, LINDA
ADDRESS : 1713 SILVER CREEK LANE
MORTGAGE AMT: 479,900.00 CITY : EVERGREEN CO 80439
LIFETIME RATE : 7.62500
UNPAID BALANCE: 479,046.560 OPTION TO CONVERT : No
MONTHLY P&I:LTV : 3,902.8079.99667 ANNUAL RATE ADJUST:OUTSIDE CONV DATE:0.000
CURRENT INT RATE: 7.62500 MATURITY DATE:
PRODUCT CODE: 102 08/01/19
---------------------------------------------------------------------------------------------------------------------------
**** PAGE TOTALS **** NUM OF LOANS: 1516 LOAN AMT: 504,004,324.2
P & I AMT: 3,506,456.45 UPB AMT: 503,037,985.4
**** GRAND TOTALS **** NUM OF LOANS: 1514 LOAN AMT: 504,004,324.23
P & I AMT: 3,506,456.45 UPB AMT: 503,037,985.42
GE Capital Mortgages Services, Inc. EXHIBIT C
Issue Date: September 1, 1999
P.O. Box 5260 DELIVERY ID: 0004991830
Cherry Hill, N.J. 08034 PAGE:
(800) -257-7818
</TABLE>
**** PAGE TOTALS **** NUM OF LOANS: 0 LOAN AMT: 0.00
P & I AMT: 0.00 UPB AMT: 0.00
<PAGE>
EXHIBIT - C - SUPPLEMENT
SCHEDULE OF COOPERATIVE LOAN
SERIES - GE 1999-18
CUT OFF DATE
PRINCIPAL
LOAN # BORROWER NAME BALANCE
- ------ ------------- -------
70656160 MUSTALISH $99,457.41
80011554 COHEN $114,824.44
80108442 BARR $310,686.32
-----------
$524,968.17
<PAGE>
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
________________, ______
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Mortgage Pass-Through Certificates,
Series 1999-18
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1999 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company"), and State Street Bank and Trust Company (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 Scheduled Monthly Payments:
(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 and applied in the applicable
Prepayment Period:
(a) Principal $________
(b) Interest $________
(c) Total $________
(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 Scheduled Principal Balance: $________
(10) Available Funds: $________
(11) Realized Losses for prior month: $________
(12) Aggregate Realized Losses and Debt
Service Reductions:
(a) Deficient Valuations $________
(b) Special Hazard Losses $________
(c) Fraud Losses $________
(d) Excess Bankruptcy Losses $________
(i) Debt Service Reductions $________
(ii) Deficient Valuations $________
(e) Excess Special Hazard Losses $________
(f) Excess Fraud Losses $________
(g) Debt Service Reductions $________
(13) Compensating Interest Payment: $________
(14) Accrued Certificate Interest, Unpaid Class
Interest Shortfalls and Pay-out Rate:
Class A1 $__________ $__________ ____%
Class A2 $__________ $__________ ____%
Class A3 $__________ $__________ ____%
Class A4 $__________ $__________ ____%
Class A5 $__________ $__________ ____%
Class A6 $__________ $__________ ____%
Class A7 $__________ $__________ ____%
Class A8 $__________ $__________ ____%
Class A9 $__________ $__________ ____%
Class A10 $__________ $__________ ____%
Class A12 $__________ $__________ ____%
Class A13 $__________ $__________ ____%
Class M $__________ $__________ ____%
Class B1 $__________ $__________ ____%
Class B2 $__________ $__________ ____%
Class B3 $__________ $__________ ____%
Class B4 $__________ $__________ ____%
Class B5 $__________ $__________ ____%
Class R $__________ $__________ ____%
Class RL $__________ $__________ ____%
Class S $__________ $__________ ____%
(15) Accrual amount:
Class A6 $_________
(16) Principal distributable:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class A8 $__________
Class A9 $__________
Class A11 $__________
Class A12 $__________
Class A13 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
Class RL $__________
(17) Additional distributions to the Class RL
Certificate pursuant to Sections 2.05(d) and
4.01(b)(ii) and the Class R Certificate
pursuant to Section 4.01(b)(i):
Class R $__________
Class RL $__________
(18) Certificate Interest Rate of:
Class S Certificates __________%
(19) Distributions Allocable to Unanticipated
Recoveries:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class A8 $__________
Class A9 $__________
Class A11 $__________
Class A12 $__________
Class A13 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
Class RL $__________
B. Other Amounts:
1. Senior Percentage for such Distribution
Date: _____________%
2. Class A12 Percentage for such Distribution
Date: _____________%
3. Class A12 Scheduled Distribution
Percentage for such Distribution Date: _____________%
4. Senior Prepayment Percentage for such
Distribution Date: _____________%
5. Class A12 Prepayment Distribution
Percentage for such Distribution Date: _____________%
6. Junior Percentage for such Distribution
Date: _____________%
7. Junior Prepayment Percentage for such
Distribution Date: _____________%
8. Subordinate Certificate Writedown Amount
for such Distribution Date: $_____________
9. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class B1 _____ _____
Class B2 _____ _____
Class B3 _____ _____
Class B4 _____ _____
Class B5 _____ _____
10. Servicing Fee: $_____________
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
<PAGE>
EXHIBIT E
FORM OF TRANSFER CERTIFICATE AS TO ERISA MATTERS FOR
DEFINITIVE ERISA-RESTRICTED CERTIFICATES
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
Boston, Massachusetts 02110
[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 (i) is not, and on ________________ [insert date of
transfer of Certificate to Investor] will not be, 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 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 of
any ERISA-Restricted Certificate. All capitalized terms used and not defined in
this certificate shall have the meanings ascribed thereto in the Agreement
referred to in paragraph 3 hereof.
3. The Investor hereby acknowledges that under the terms of the Pooling and
Servicing Agreement (the "Agreement") between State Street Bank and Trust
Company, as Trustee and GE Capital Mortgage Services, Inc., dated as of
September 1, 1999, 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 (x) such transferee is not
an employee benefit plan subject to ERISA or a plan subject to Section 4975 of
the Code (a "Plan") or a Person that is using the assets of a 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 Trustee and the Company 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" 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:
<PAGE>
EXHIBIT F
FORM OF 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 ______________
[insert date of transfer of Residual Certificate to Purchaser], 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 R Certificate" or "Class RL Certificate" of GE Capital
Mortgage Services, Inc.'s REMIC Mortgage Pass-Through Certificates, Series
1999-18.
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 State Street Bank and
Trust Company, as Trustee, and GE Capital Mortgage Services, Inc., dated as of
September 1, 1999, 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.
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
(i) a citizen or resident of the United States; (ii) a corporation (or entity
treated as a corporation for tax purposes) created or organized in the United
States or under the laws of the United States or of any state thereof,
including, for this purpose, the District of Columbia; (iii) a partnership (or
entity treated as a partnership for tax purposes) organized in the United States
or under the laws of the United States or of any state thereof, including, for
this purpose, the District of Columbia (unless provided otherwise by future
Treasury regulations); (iv) an estate whose income is includible in gross income
for United States income tax purposes regardless of its source; or (v) a trust,
if a court within the United States is able to exercise primary supervision over
the administration of the trust and one or more U.S. Persons have authority to
control all substantial decisions of the trust. Notwithstanding the last clause
of the preceding sentence, to the extent provided in Treasury regulations,
certain trusts in existence on August 20, 1996, and treated as U.S. Persons
prior to such date, may elect to continue to be U.S. Persons.
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 Upper-Tier REMIC or Lower-Tier
REMIC, pursuant to the Pooling and Servicing Agreement.
<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__.
<PAGE>
EXHIBIT G
[LETTER FROM TRANSFEROR OF RESIDUAL CERTIFICATE]
___________________
Date
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
8th Floor
Boston, Massachusetts 02110
Re: GE Capital Mortgage Services, Inc.
REMIC Mortgage Pass-Through
Certificates, Series 1999-18
----------------------------
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
(Conventional, Non-Conforming Loans)
Assumption Fees $550 - $800
Late Charges Per Loan Documents
Appraisal/Inspection Fees Reasonable and Customary Charges
Partial Release Fees $300
Easements $150
Insufficient Funds Charges $15
Document Requests (copies of loan file
documents, additional pay-off quotations,
amortization schedules, payment histories) $0
Modification Fees Reasonable and Customary Charges
<PAGE>
EXHIBIT I
FORM OF INVESTMENT LETTER FOR
DEFINITIVE RESTRICTED CERTIFICATES
_____________________
Date
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
8th Floor
Boston, Massachusetts 02110
Re: GE Capital Mortgage Services, Inc.
REMIC Mortgage Pass Through
Certificates, Series 1999-18
-----------------------------
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 State Street Bank and Trust Company, as Trustee, and
GE Capital Mortgage Services, Inc. (the "Company"), dated as of September 1,
1999 (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 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.
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:
<PAGE>
EXHIBIT J
FORM OF DISTRIBUTION DATE STATEMENT
_________________, ______
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Mortgage Pass-Through Certificates,
Series 1999-18
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1999 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company"), and State Street Bank and Trust Company (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 A8 $__________
Class A9 $__________
Class A11 $__________
Class A12 $__________
Class A13 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
Class RL $__________
(2) Aggregate principal prepayments included in distribution:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class A8 $__________
Class A9 $__________
Class A11 $__________
Class A12 $__________
Class A13 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
Class RL $__________
(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 A8 $__________ ____%
Class A9 $__________ ____%
Class A10 $__________ ____%
Class A12 $__________ ____%
Class A13 $__________ ____%
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
Class R $__________ ____%
Class RL $__________ ____%
Class S $__________ ____%
(4) Accrual Amount:
Class A6 $_________
(5) Amount of distribution allocable to Unanticipated Recoveries:
Class A1 $__________ ____%
Class A2 $__________ ____%
Class A3 $__________ ____%
Class A4 $__________ ____%
Class A5 $__________ ____%
Class A6 $__________ ____%
Class A7 $__________ ____%
Class A8 $__________ ____%
Class A9 $__________ ____%
Class A11 $__________ ____%
Class A12 $__________ ____%
Class A13 $__________ ____%
Class PO $__________ ____%
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
Class R $__________ ____%
Class RL $__________ ____%
(6) Servicing Compensation: $__________
The amounts below are for the aggregate of all Certificates:
(7) Pool Scheduled Principal Balance;
number of Mortgage Loans: $__________ __________
(8) 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 Balance Balance
----- ------- -------
Class A1 $__________ $__________
Class A2 $__________ $__________
Class A3 $__________ $__________
Class A4 $__________ $__________
Class A5 $__________ $__________
Class A6 $__________ $__________
Class A7 $__________ $__________
Class A8 $__________ $__________
Class A9 $__________ $__________
Class A10 $__________ $__________
Class A11 $__________ $__________
Class A12 $__________ $__________
Class A13 $__________ $__________
Class PO $__________ $__________
Class M $__________ $__________
Class B1 $__________ $__________
Class B2 $__________ $__________
Class B3 $__________ $__________
Class B4 $__________ $__________
Class B5 $__________ $__________
Class R $__________ $__________
Class RL $__________ $__________
Class S $__________ $__________
(9) Book value of real estate acquired on
behalf of Certificateholders; number
of related Mortgage Loans: $__________ __________
(10) Aggregate Scheduled Principal
Balance and number of delinquent
Mortgage Loans:
30-59 days delinquent $__________ __________
60-89 days delinquent $__________ __________
90 or more days delinquent $__________ __________
In foreclosure $__________ __________
(11) Aggregate Scheduled Principal Balance
and number of replaced Mortgage
Loans: $__________ __________
(12) Certificate Interest Rate of:
Class S Certificate: __________%
(13) Senior Percentage for such
Distribution Date: __________%
(14) Class A12 Percentage for such
Distribution Date: __________%
(15) Class A12 Scheduled Distribution
Percentage for such Distribution
Date: __________%
(16) Senior Prepayment Percentage for
such Distribution Date: __________%
(17) Class A12 Prepayment Distribution
for such Distribution Date: __________%
(18) Junior Percentage for such
Distribution Date: __________%
(19) Junior Prepayment Percentage for
such Distribution Date: __________%
Capitalized terms used in this Statement shall have the same meanings as in
the Agreement.
<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 Mortgage Pass-Through Certificates, Series 199_-__,
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 ________ 1, 199_ between the Company (in its capacity as
servicer thereunder, the "Servicer") and State Street Bank and Trust Company 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 Mortgage Pass-Through
Certificates, Series 199_-__, 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 the Company and the Purchaser upon the acquisition by the
Purchaser of the Class B_ Certificates.
<PAGE>
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 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).
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.
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 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 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 at 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 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.
(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 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 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) 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 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 Mortgage Pass-Through Certificates 199_-__
Collateral Fund, for the benefit of GE Capital Mortgage Services, Inc. and State
Street Bank and Trust Company on behalf of 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.
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 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
Certificateholders. The Purchaser shall take all actions requested by the
Company or the Trustee as may 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:
(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.
4680 Hallmark Parkway
San Bernardino, California 92407
Attention: Ken Scheller
Telephone: (909) 880-4608
Facsimile: (909) 473-2273
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,
State Street Bank and Trust Company
Corporate Trust Department
8th Floor
225 Franklin Street
Boston, Massachusetts 02110
Attention: Karen Beard
Telephone: (617) 664-5465
Facsimile: (617) 664-5167
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 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.]
<PAGE>
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:
STATE STREET BANK AND TRUST COMPANY
By:___________________________________
Name:
Title:
<PAGE>
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 State Street Bank and Trust Company, Trustee, relating to the
Company's REMIC Mortgage 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.
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 (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)
<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]
<PAGE>
EXHIBIT M
SCHEDULE OF DESIGNATED LOANS
SERIES 1999-18
ORIGINAL
PRINCIPLE BORROWER
LOAN NO. BALANCE NAME
-------- ------- ----
31806680 $400,000.00 BROWNE
31849557 $598,000.00 MEINSENBERG
80162613 $345,000.00 SINKELDAM
80210800 $248,000.00 STRANGE
80210818 $296,000.00 EXEVA
<PAGE>
EXHIBIT N
SCHEDULE OF PLEDGED ASSET MORTGAGE LOANS
NONE
<PAGE>
EXHIBIT O
SENIOR PRINCIPAL PRIORITIES
third, to the classes of senior certificates entitled to principal
distributions, in reduction of the aggregate class certificate principal
balances (the "Class Certificate Principal Balances") thereof, to the extent of
remaining Available Funds, concurrently, as follows:
(1) to the Class Al through A13 Certificates (other than the Class A10
Certificates) and the Class R and Class RL Certificates, the Senior Optimal
Principal Amount for such Distribution Date, in the following order of
priority:
(a) to the Class A12 Certificates, the lesser of (x) the Class
A12 Principal Distribution Amount (as defined herein) for such
Distribution Date or (y) approximately 98.6% of the Senior Optimal
Principal Amount for such Distribution Date, until the Class
Certificate Principal Balance thereof has been reduced to zero; and
(b) to each of the Class Al through Class A13 Certificates (other
than the Class A10 Certificates) and Class R and Class RL Certificates
(all of such classes of certificates other than the Class A12
Certificates, together, the "Group I Senior Certificates"), the Senior
Optimal Principal Amount for such Distribution Date, less the amount
distributed under clause (1) (a) above for such Distribution Date
(such reduced amount, the "Group I Senior Principal Distribution
Amount"), in the following order of priority:
(I) pro rata, to the Class R and Class RL Certificates,
until the Class Certificate Principal Balance of each such class
have been reduced to zero; and
(II) to the Class Al through Class A13 Certificates (other
than the Class A10 Certificates), concurrently, as follows:
(A) approximately 75.8576810297% of the amount
distributable under clause (1) (b) (II), to the Class A1,
Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class A12 and Class A13 Certificates, in the following order
of priority:
(i) to the Class A1, Class A2, Class A5, Class A7
and Class A13 Certificates, until the earlier of (x)
the reduction of the Class Certificate Principal
Balance of the Class A7 Certificates since the Closing
Date pursuant to clause (1) (b) (II) (A) (i) (aa), by
approximately $60,000,000 or (y) the reduction of the
Class Certificate Principal Balances of the Class A2,
Class A5 and Class A13 Certificates to zero,
concurrently, as follows:
(aa) approximately 28.800000% of the amount
distributable under clause (1) (b) (II) (A), to
the Class A7 Certificates; and
(bb) approximately 71.200000% of the amount
distributable under clause (1) (b) (II) (A), to
the Class A1, Class A2, Class A5 and Class A13
Certificates, in the following order of priority:
1st, to the Class A1 and Class A2
Certificates, until the Class Certificate
Principal Balance of the Class A1
Certificates has been reduced to zero,
concurrently, as follows:
(y) approximately 83.5421888053%
of the amount distributable under
clause (1) (b) (II) (A) (i) (bb), to
the Class A1 Certificates; and
(z) approximately 16.4578111947%
of the amount distributable under
clause (1) (b) (II) (A) (i) (bb), to
the Class A2 Certificates; and
2nd, sequentially, to the Class A2,
Class A5 and Class A13 Certificates, in that
order, until the Class Certificate Principal
Balance of each such class has been reduced
to zero;
(ii) to the Class A1 and Class A2 Certificates
until the Class Certificate Principal Balance of the
Class A1 Certificates has been reduced to zero,
concurrently, as follows:
(aa) approximately 83.5421888053% of the
remaining amount distributable under clause (1)
(b) (II) (A), to the Class A1 Certificates; and
(bb) approximately 16.4578111947% of the
remaining amount distributable under clause (1)
(b) (II) (A), to the Class A2 Certificates;
(iii) sequentially, to the Class A2, Class A5 and
Class A13 Certificates, in that order, until the Class
Certificate Principal Balance of each such class has
been reduced to zero;
(iv) to the Class A7 Certificates, until the
earlier of (x) the cumulative reduction of the Class
Certificate Principal Balance of the Class A7
Certificates since the Closing Date pursuant to clause
(1) (b) (II) (A) (i) (aa) and this clause (1) (b) (II)
(A) (iv), by approximately $60,000,000 or (y) the
reduction of the Class Certificate Principal Balance
of the Class A7 Certificates to zero; and
(v) sequentially, to the Class A3, Class A4,
Class A6 and Class A12 Certificates, in that order,
until the Class Certificate Principal Balance of each
such class has been reduced to zero; and
(B) approximately 24.1423189703% of the amount
distributable under clause (1)(b)(II), to the Class A7,
Class A8, Class A9, Class A11 and Class A12 Certificates,
in the following order of priority:
(i) if such Distribution Date occurs during or
after October 2002, pro rata, to the Class A9 and
Class A11 Certificates, until the aggregate Class
Certificate Principal Balance thereof has been reduced
pursuant to this clause (1) (b) (II) (B) (i) by
approximately $21,514;
(ii) to the Class A7 Certificates until the
earlier of (x) the reduction of the Class Certificate
Principal Balance of the Class A7 Certificates since
the Closing Date pursuant this clause (1) (b) (II) (B)
(ii) by approximately $65,000,000 or (y) the reduction
of the Class Certificate Principal Balance of the
Class A7 Certificates to zero;
(iii) to the Class A8 Certificates, until the
Class Certificate Principal Balance thereof has been
reduced to zero;
(iv) pro rata, to the Class A9 and Class A11
Certificates, until the Class Certificate Principal
Balance of each such class has been reduced to zero;
and
(v) to the Class A12 Certificates, until the
Class Certificate Principal Balance thereof has been
reduced to zero; and
(2) to the Class PO Certificates, the Class PO Principal Distribution
Amount for such Distribution Date, until the Class Certificate Principal
Balance thereof has been reduced to zero;
<PAGE>
SCHEDULE P
List of Additional Collateral Loans Transferred by
GE Capital Mortgage Services, Inc. to
State Street Bank and Trust Company, as Trustee
REMIC Multi-Class Pass-Through Certificates, Series 1999-18
SCHEDULED ORIGINAL
GECMSI PRINCIPAL MORTGAGE PLEDGE NET LOAN-TO-
LOAN NO. BALANCE AMOUNT AMOUNT VALUE RATIO
- -------- ------- ------ ------ -----------
80047152 $211,863.25 $212,500.00 $6,375.00 97%
80092257 $159,550.61 $159,900.00 $4,797.00 97%
80108343 $215,678.40 $216,000.00 $6,480.00 97%
TOTALS $587,092.26 $588,400.00 $17,652.00
