Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA and each Rating Agency a statement setting forth with respect to the related distribution: (i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein; (ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution; (iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest; (iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date; (v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date; (vi) each Senior Percentage and Subordinated Percentage for the following Distribution Date; (vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date; (viii) the Pass-Through Rate for each Class of Certificates with respect to such Distribution Date; (ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date; (x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date; (xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof; (xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date; (xiii) each Senior Prepayment Percentage for the following Distribution Date; (xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group; (xv) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date; (xvi) the amount due, and the amount received, under each Corridor Contract; (xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund; (xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and (xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇. (▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer. (c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto. (d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Cwalt Inc), Pooling and Servicing Agreement (Cwalt Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Loan Amount and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1Remaining Non-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DatePO Supplemental Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.mbsreporting.com.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility ▇▇▇▇▇▇▇ibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI V hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonths;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Loan Amount and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1Remaining Non-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DatePO Supplemental Loan Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇▇▇://▇▇▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ ▇▇▇▇▇.▇▇▇.
(b) The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Monthly Statements to Certificateholders. (a) Not later than Concurrently with each distribution on a Distribution Date, the Trustee shall prepare and cause will forward by electronic delivery to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA and each Rating Agency and MBIA and make available to Certificateholders and to MBIA on the Trustee's website (▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇) a statement generally setting forth with respect to the related distributionfollowing information:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount Amount, as applicable, of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonths;
(xv) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date and the Remaining PO Supplemental Loan Amount and the Remaining Non-PO Supplemental Loan Amount distributed as principal
(xvi) the amount of any withdrawal from the Reserve Fund since the prior Distribution Date;
(xvixvii) the amount due, and the amount received, under each Corridor Contract;
(xviixviii) the amount paid to the Class 1-A-1, Class 1-A-2, A-10 and Class 1-A-3, Class 1-A-5 and Class 5-A-1 A-11 Certificates from the Corridor Contract Reserve Fund;
(xviiixix) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xixxx) the amount of any withdrawal remaining in the Reserve Fund after taking into account amounts withdrawn from the Reserve Fund from the prior for such Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2005-34cb), Pooling and Servicing Agreement (Alternative Loan Trust 2005-34cb)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Loan Amount and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1Remaining Non-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DatePO Supplemental Loan Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.mbsreporting.com.
(▇b) The Trustee's responsibilit▇ ▇▇▇ ▇▇▇▇▇▇▇'▇▇▇ responsibility for disbursing the above ▇▇▇ ▇▇▇▇▇ information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance, Component Principal Balance or Component Notional Amount of each Class of Certificates and any Component thereof after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates and any Component thereof, with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days days, (2) 31 to 60 days days, (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days days, (2) 31 to 60 days days, (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing the Realized Losses from the preceding calendar months in each Loan Groupmonths;
(xv) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty 30 days after the Closing Date;
(xvi) the amount due, and of Net Deferred Interest added to the amount received, under each Corridor Contract;Class Certificate Balance or Component Principal Balance of any Class of Certificates or any Component thereof; and
(xvii) the amount paid to Yield Maintenance Payments for the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 A and Class 5-A-1 X Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior such Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's ’s website at http://www.bnyinvestorreporting.c“▇▇▇▇://▇▇▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇”.
(b) The Trustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI heretoIV.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (BellaVista Mortgage Trust 2004-2), Pooling and Servicing Agreement (BellaVista Funding CORP)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Loan Amount and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1Remaining Non-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DatePO Supplemental Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.mbsreporting.com.
(b) The Trustee's responsibili▇) ▇ ▇▇▇ ▇▇▇▇▇▇▇'▇▇▇ responsibility for disbursing the above ▇▇▇ ▇▇▇▇▇ information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI V hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Loan Amount and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1Remaining Non-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DatePO Supplemental Loan Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.mbsreporting.com.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility ▇▇sponsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, Servicer and the Depositor, MBIA and each Rating Agency Depositor a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees and Servicing Fees paid to or retained by the Master Servicer and the Servicers (with respect to the Servicers, in the aggregate) with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on each of the Due Dates in each such month and (B) delinquent 60 days or more on each of the Due Dates in each such month;
(xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xiixiii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiiixiv) each the Senior Prepayment Percentage for the following Distribution Date;
(xivxv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;
(xv) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following through such Distribution Date; and
(xixxvi) the amount Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of any withdrawal from the Reserve Fund from the prior Distribution related Determination Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by derived from the Master Servicer. The Trustee will send a copy of each statement provided pursuant to this Section 4.06 to each Rating Agency.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distributiondistribution and/or may post such statement on its website located at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, the amount of any Class Unpaid Compensating Interest Amounts included in such distribution and any remaining Class Unpaid Net Interest Amounts Shortfalls after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the cumulative amount of Realized Losses applied in reduction of the principal balance of each class of Certificates since the Closing Date;
(xvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (First Horizon Asset Securities Inc), Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Loan Amount and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1Remaining Non-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DatePO Supplemental Loan Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇▇▇://▇▇▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ ▇▇▇▇▇.▇▇▇.
(b) The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Loan Amount and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1Remaining Non-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DatePO Supplemental Loan Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.mbsreporting.com.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility ▇▇▇ponsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each CertificateholderHolder of a Class of Certificates of the Trust Fund, the Master Servicer, Servicer and the Depositor, MBIA and each Rating Agency Depositor a statement setting forth with respect to for the related distributionCertificates:
(i) the amount thereof of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments, Liquidation Proceeds Prepayments included therein and Subsequent Recoveries (B) the aggregate of all scheduled payments of principal included therein;
(ii) the amount thereof of such distribution to Holders of each Class allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interestany Interest Carryforward Amount for each Class;
(iv) the Class Certificate Principal Balance or Notional Amount of each Class of Certificates after giving effect (i) to the distribution of all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(v) the Pool aggregate of the Stated Principal Balance of the Mortgage Loans for the Mortgage Pool, each Loan Group and each Loan Group Principal Balance for the following Distribution DateSubgroup;
(vi) each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Datefor the related Due Period;
(viiivii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period;
(viii) any Group 1 Net Rate Carryover and Group 2 Net Rate Carryover paid on such Distribution Date;
(ix) the amount of Advances for each Certificate Group included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the cumulative amount of Applied Realized Loss Amounts for each Certificate Group to date;
(xi) the amount of any Enhancement Payments made with respect to such Distribution Date;
(xii) the number and aggregate principal amounts of Mortgage Loans in each Loan Group and each Loan Subgroup: (A) delinquent Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days days, (2) 31 30 to 60 days 59 days, (3) 61 60 to 90 89 days and (4) 91 90 or more days days, and (B) in foreclosure and delinquent Delinquent (1) 1 to 30 days days, (2) 31 30 to 60 days 59 days, (3) 61 60 to 90 89 days and (4) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xixiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar monthmonth in each Loan Group and Loan Subgroup, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereofLoan;
(xiixiv) and the total number and principal balance aggregate Stated Principal Balances of any Mortgage Loans converted to REO Properties Properties, in each Loan Group (and market value, if available) each Loan Subgroup as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage for the following Distribution Date;
(xivxv) the aggregate amount Stated Principal Balances of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months all Liquidated Loans in each Loan Group;
(xvxvi) with respect to any Liquidated Loan in each Loan Group and each Loan Subgroup, the loan number and Stated Principal Balance relating thereto;
(xvii) with respect to each Loan Group, whether a Trigger Event has occurred;
(xviii) any Group 1 Net Rate Carryover paid and any remaining Group 1 Net Rate Carryover remaining on the Group 1 Certificates on such Distribution Date;
(xix) any Group 2 Net Rate Carryover paid and any remaining Group 2 Net Rate Carryover remaining on each Class of Group 2 Certificates on such Distribution Date;
(xx) with respect to the second March 2001 Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviiiA) the amount on deposit in the Corridor Contract Reserve Fund Pre-Funding Account (if any) on the related Determination Date (specifying the portions thereof allocated to purchase Subsequent Mortgage Loans to be included in Loan Group 1, Loan Subgroup 2A and Loan Subgroup 2B, respectively) and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period (specifying the aggregate Stated Principal Balances such Subsequent Mortgage Loans included in the Loan Group 1, Loan Subgroup 2A and Loan Subgroup 2B, as the case may be);
(xxi) with respect to the April 2001 Distribution Date, (A) the remaining amounts in Pre-Funding Account (if any) at the end of the Funding Period that are included in (x) the Group 1 Principal Distribution Amount and (y) the Group 2 Principal Distribution Amount (in the case of clause (y), specifying the portion thereof allocated to the Class AV-1 Certificates and the Reserve Fund portion thereof allocated to the Class AV-2) and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the following related Due Period (specifying the aggregate Stated Principal Balances such Subsequent Mortgage Loans included in the Loan Group 1, Loan Subgroup 2A and Loan Subgroup 2B, as the case may be); and the amount any Enhancement Payments for such Distribution Date and the amount remaining under the Seller Loss Coverage Obligation; and (xxii) the amount, if any, received under the Cap Contract for such Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2001-1), Pooling and Servicing Agreement (Cwabs Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, Servicer and the Depositor, MBIA and each Rating Agency Depositor a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;month; and
(xv) with respect to the second Distribution DateSpecial Hazard Loss Coverage Amount, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, Fraud Loss Coverage Amount and the amount receivedBankruptcy Loss Coverage Amount, under in each Corridor Contract;
(xvii) case as of the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution related Determination Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer. The Trustee will send a copy of each statement provided pursuant to this Section 4.04 to each Rating Agency.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI IV hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;month; and
(xv) with respect to the second Distribution DateSpecial Hazard Loss Coverage Amount, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, Fraud Loss Coverage Amount and the amount receivedBankruptcy Loss Coverage Amount, under in each Corridor Contract;
(xvii) case as of the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution related Determination Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.mbsreporting.com.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility ▇▇sponsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distributiondistribution and/or may post such statement on its website located at www.bnyinvestorreportin▇.▇▇▇:
(i▇) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, the amount of any Class Unpaid Compensating Interest Amounts included in such distribution and any remaining Class Unpaid Net Interest Amounts Shortfalls after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and for each Loan Group Principal Balance Mortgage Pool for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for each Certificate Group for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances for each Mortgage Pool included in the distribution on such Distribution Date and the aggregate amount of Advances for each Mortgage Pool outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan in a Mortgage Pool that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) in each Mortgage Pool as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for each Certificate Group for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred in respect of each Mortgage Pool during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the cumulative amount of Realized Losses applied in reduction of the principal balance of each class of Certificates since the Closing Date;
(xvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI III hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 4.6 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (First Horizon Asset Securities Inc), Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;
(xv) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;month; and
(xv) with respect to the second Distribution DateSpecial Hazard Loss Coverage Amount, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, Fraud Loss Coverage Amount and the amount receivedBankruptcy Loss Coverage Amount, under in each Corridor Contract;
(xvii) case as of the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution related Determination Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.mbsreporting.com.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonths;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Loan Amount and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1Remaining Non-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DatePO Supplemental Loan Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.mbsreporting.com.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility ▇▇sponsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonths;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Loan Amount and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1Remaining Non-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DatePO Supplemental Loan Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.mbsreporting.com.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility ▇▇sponsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Deferred Interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.mbsreporting.com.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI heretoto this Agreement.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Loan Amount and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1Remaining Non-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DatePO Supplemental Loan Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http:\\www.mbsreporting.com.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Loan Amount and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1Remaining Non-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DatePO Supplemental Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.bnymbs.com.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility ▇▇▇▇onsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI V hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fee and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Amount and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1Remaining Non-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DatePO Supplemental Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http:\\www.mbsreporting.com.
(b) The Trustee's responsibility for d▇) ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI V hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distributiondistribution and/or may post such statement on its website located at www.bnyinvestorreporting.▇▇▇:
(i▇) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, the amount of any Class Unpaid Compensating Interest Amounts included in such distribution and any remaining Class Unpaid Net Interest Amounts Shortfalls after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the cumulative amount of Realized Losses applied in reduction of the principal balance of each Class of Certificates since the Closing Date;
(xvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI III hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 4.6 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distributiondistribution and/or may post such statement on its website located at www.mbsreporting.com:
(i) the amount thereof allocable to principal▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇al, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, the amount of any Class Unpaid Compensating Interest Amounts included in such distribution and any remaining Class Unpaid Net Interest Amounts Shortfalls after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and for each Loan Group Principal Balance Mortgage Pool for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for each Certificate Group for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances for each Mortgage Pool included in the distribution on such Distribution Date and the aggregate amount of Advances for each Mortgage Pool outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan in a Mortgage Pool that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) in each Mortgage Pool as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for each Certificate Group for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred in respect of each Mortgage Pool during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the cumulative amount of Realized Losses applied in reduction of the principal balance of each class of Certificates since the Closing Date;
(xvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, Servicer and the Depositor, MBIA and each Rating Agency Depositor a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;
(xv) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.such
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mortgage Pass Through Certificates Series 1999-Tbc1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇▇▇://▇▇▇.
(▇) ▇▇▇ ▇▇▇▇▇▇.▇'▇ ▇▇.
(b) The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI V hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than Concurrently with each distribution on a Distribution Date, the Trustee shall prepare and cause will forward by electronic delivery to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA and each Rating Agency a statement setting forth with respect and make available to Certificateholders on the related distributionTrustee's website (http://www.bnyinvestorreporting.co▇) ▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇rth the following information:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(ivA) the Class Certificate Balance or Notional Amount Component Principal Balance of each Class of Certificates and any Component thereof after giving effect to the distribution of principal on such Distribution Date;, and (B) the Component Notional Amount of each Notional Amount Component with respect to such Distribution Date
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following with respect to such Distribution Date;
(vi) each Senior Percentage and Subordinated Percentage for with respect to the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates and any Component thereof, with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing the Realized Losses from the preceding calendar months in each Loan Groupmonths;
(xv) the Carryover Shortfall Amount distributed to each Class of Certificates on such Distribution Date and the unpaid Carryover Shortfall Amount, if any, for each Class of Certificates for such Distribution Date;
(xvi) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvixvii) the amount of Net Deferred Interest added to the Class Certificate Balance or Component Principal Balance of any related Class of Certificates or any related Component thereof;
(xviii) the amount due, and the amount receivedpaid, under each the Corridor Contract;
(xviixix) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 A-3 and Class 5-A-1 A-4 Certificates from the Corridor Contract Reserve Fund;; and
(xviiixx) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI heretoto this Agreement.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2005-38)
Monthly Statements to Certificateholders. (a) Not later than each Distribution DateDate based on information provided by the Servicer, the Trustee shall prepare and cause to be forwarded by first class mail make available on its website located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇ to each CertificateholderHolder of a Class of Certificates of the Trust Fund, the Master Servicer, the Depositor, MBIA Rating Agencies and each Rating Agency the Depositor a statement setting forth with respect to for the related distributionCertificates:
(i) the amount thereof of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, and (C) the aggregate amount of prepayment penalties, if any;
(ii) the amount thereof of such distribution to Holders of each Class allocable to interest, together with any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect Shortfalls allocated to such distributioneach Class;
(iii) if the distribution Outstanding Certificate Principal Balance of each Class after giving effect to the Holders of all distributions allocable to principal on such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interestDistribution Date;
(iv) the Class Certificate Pool Stated Principal Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on for such Distribution Date;
(v) the Pool Stated Principal Balance related amount of the Servicing Fee paid to or retained by the Servicer and each Loan Group Principal Balance the amount of investment income earned on funds on deposit in the Certificate Account for the following Distribution Daterelated Due Period;
(vi) the Certificate Rate for each Senior Percentage and Subordinated Percentage Class of Certificates for the following such Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(xviii) the amount of Realized Losses with respect to such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans;
(ix) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days days, (32) 61 to 90 days and (43) 91 or more days days, and (B) in foreclosure and delinquent Delinquent (1) 1 to 30 days (2) 31 to 60 days days, (32) 61 to 90 days and (43) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans;
(xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date last day of the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans;
(xiixi) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans;
(xii) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans;
(xiii) each Senior Prepayment Percentage for the following number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date;
(xiv) the aggregate number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of Realized Losses incurred prepayment penalties received during the preceding calendar month related Prepayment Period and in the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;
(xv) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery such amounts for all such Mortgage Loans not delivered within thirty days after since the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1Cut-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution off Date; and
(xixxv) the amount and purpose of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee Collection Account pursuant to any requirements of the Code as from time to time in effectSection 3.08(a)(iv).
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Specialty Underwriting & Residental Finance Trust, Series 2004-Aa1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee Securities Administrator shall prepare and cause to be forwarded by first class mail make available to each CertificateholderHolder of Certificates, the Trustee, the Master Servicer, Servicer and the Depositor, MBIA and each Rating Agency Depositor a statement setting forth with respect to for the related distributionCertificates:
(i) the amount thereof of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and (C) Extra Principal Distribution Amount (if any);
(ii) the amount thereof of such distribution to Holders of each Class allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution Certificate Principal Balance or Certificate Notional Balance of each Class after giving effect (i) to the Holders of all distributions allocable to principal on such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall Distribution Date and (ii) the allocation thereof as between principal and interestof any Applied Realized Loss Amounts for such Distribution Date;
(iv) the Class Certificate Balance or Notional Amount aggregate of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance Balances of all of the Mortgage Loans for the following Distribution Date;
(vi) each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(viiv) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect and the Servicing Fees paid to such Distribution Dateor retained by the Company or the related Servicer for the related Due Period;
(viiivi) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Distribution DatePass-Through Rate was limited by the Net WAC Rate Cap;
(ixvii) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(xviii) the cumulative amount of Applied Realized Loss Amounts to date and, in addition, if the Certificate Principal Balances of the Subordinate Certificates have all been reduced to zero, the cumulative amount of any Realized Losses that have not been allocated to any Certificates;
(ix) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent Delinquent (exclusive of Mortgage Loans in foreclosureforeclosure and bankruptcy) (1) 1 to 30 days (2) 31 to 60 days days, (32) 61 to 90 days and (43) 91 or more days and days, (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days days, (32) 61 to 90 days and (43) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xix) with respect to any Mortgage Loan that became an REO Property was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of of, and Realized Loss on, such Mortgage Loan as of the close end of business on the Determination Date preceding such Distribution Date and the date of acquisition thereofrelated Prepayment Period;
(xiixi) the total number and principal balance of any real estate owned or REO Properties in each Loan Group (and market value, if available) as of the close end of business on the Determination Date related Prepayment Period;
(xii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the calendar month preceding such Distribution Date;
(xiii) each Senior the Realized Losses during the related Prepayment Percentage for Period and the following Distribution Datecumulative Realized Losses through the end of the preceding month;
(xiv) the aggregate amount Net WAC Rate Carryover Amount for each Class of Realized Losses incurred during the preceding calendar month Certificates and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;
(xv) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Net WAC Reserve Fund and the Reserve Fund for the following Distribution DateFund; and
(xixxv) the amount of any withdrawal from the Reserve Fund from distribution made on such Distribution Date to the prior Distribution DateHolders of the Class P Certificates allocable to Prepayment Charges. The Trustee Securities Administrator may make the above foregoing Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and to MBIA via the TrusteeSecurities Administrator's internet website. The Securities Administrator's internet website shall initially be located at http://www.bnyinvestorreporting.c▇▇.
(▇) ▇▇▇ "www.ctslink.com". A▇▇▇▇▇▇▇'▇▇ ▇▇ ▇▇ing the website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. Par▇▇▇▇ ▇▇▇▇ ▇▇▇ unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. To the extent timely received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "www.jpmorgan.com/ab▇▇▇▇". ▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇ing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (877) 722-1095.
(b) The Securities Administrator's responsibility for disbursing making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by derived from the Master Servicer, the Company and the Servicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 to each Rating Agency.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement based on information provided by the Securities Administrator containing the information set forth in clauses (a)(i), (a)(ii) and (a)(viia)(ii) of this Section 4.06 6.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 10.12.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Bear Stearns Asset Backed Sec Inc Certs Ser 2003-Ac3)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to post on its website at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇, which posting shall be forwarded by first class mail accessible to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency Agency, a statement setting forth with respect to the related distribution:distribution (provided, however, that each Certificateholder, upon request to the Trustee, shall be entitled to receive from the Trustee a paper copy of such statement if such Certificateholder is unable to access the Trustee's website):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal PrepaymentsPrepayments in full, partial Principal Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts Amount included in such distribution and any remaining Class Unpaid Interest Amounts Amount after giving effect to such distribution;
(iii) if the distribution to the Holders of such a Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees Fee paid to or retained by the Master Servicer with respect to such Distribution Date;
(viiivii) the Pass-Through Rate for each Class of Offered Certificates with respect to such Distribution Date;
(ixviii) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(xix) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent contractually past due (assuming 30 day months) (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month immediately preceding such Distribution Date;
(xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date last day of the Prepayment Period preceding such Distribution Date and the date of acquisition thereof;
(xiiA) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination last day of the Prepayment Period preceding such Distribution Date and (B) the total number and cumulative principal balance of any Liquidated Loans (prior to the reduction of the principal balance of any such Liquidated Loan to zero);
(xii) the amount equal to the sum of the Stated Principal Balances of the three Loans with the largest individual Stated Principal Balances;
(xiii) with respect to each Class of Offered Certificates, the amount of the Net WAC Cap Carryover to be paid to such Class from the Net WAC Cap Account and the amount remaining unpaid;
(xiv) the aggregate principal balance of Balloon Loans with original terms less than or equal to 36 months which are 60 or more days contractually past due (assuming 30 day 73 months) (including Loans in foreclosure and REO Properties) on the last day of the calendar month immediately preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage for the following Distribution Date;
(xivxv) the cumulative aggregate amount of Realized Losses incurred during as of the last day of the Prepayment Period preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;
(xv) with respect to the second such Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, of funds withdrawn from the Reserve Fund (for each Class of Hedged Certificates) and included in such distribution and the amount receivedoutstanding balance of the Reserve Fund (and the amounts available for each Class of Hedged Certificates), under each Corridor Contractafter giving effect to such distribution;
(xvii) the amount paid number of Loans repurchased by Sellers during the Due Period related to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fundsuch Distribution Date;
(xviii) the amount weighted average Mortgage Rate of the Outstanding Loans, such weighted average to be calculated based on deposit in the Corridor Contract Reserve Fund and principal balances of such Outstanding Loans on the Reserve Fund for first day of the following Due Period related to such Distribution Date; and;
(xix) the weighted average maturity date of the Outstanding Loans;
(xx) the Targeted Overcollateralization Amount after giving effect to such distribution;
(xxi) the amount of any withdrawal Overcollateralization Release Amount included in the distribution on such Distribution Date;
(xxii) the cumulative amount of Realized Losses from the Reserve Fund from Cut-off Date through the prior last day of the Due Period relating to such Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.;
(▇xxiii) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility for disbursing the above information any Overcollateralization Deficiency after giving effect to the Certificateholders distribution of principal on such Distribution Date;
(xxiv) whether a Trigger Event has occurred and is limited to continuing, and the availabilitycumulative Realized Losses, timeliness and accuracy as a percentage of the information provided by the Master Servicer.Cut-off Date Pool Principal Balance;
(cxxv) On or before the fifth Business aggregate amount of 60+ Day following Delinquent Loans as a percentage of the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.current Pool Principal Balance;
(dxxvi) Within a reasonable period the amount of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided funds collected by the Trustee pursuant under the Yield Maintenance Agreement during the Due Period relating to any requirements such Distribution Date;
(xxvii) the amount of Recoveries collected during the Code as from time Prepayment Period relating to time in effect.such Distribution Date; and
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Popular ABS Mortgage Pass-Through Trust 2005-D)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA and each Rating Agency a statement setting forth with respect to the related distributiondistribution and/or may post such statement on its website located at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, the amount of any Class Unpaid Compensating Interest Amounts included in such distribution and any remaining Class Unpaid Net Interest Amounts Shortfalls after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and for each Loan Group Principal Balance Mortgage Pool for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for each Certificate Group for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances for each Mortgage Pool included in the distribution on such Distribution Date and the aggregate amount of Advances for each Mortgage Pool outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan in a Mortgage Pool that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) in each Mortgage Pool as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for each Certificate Group for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred in respect of each Mortgage Pool during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the cumulative amount of Realized Losses applied in reduction of the principal balance of each class of Certificates since the Closing Date;
(xvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;; and
(xviii) the amount of any Reserve Fund Withdrawal and the amount remaining on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; andFund;
(xixb) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI III hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 4.6 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fee and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Amount and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1Remaining Non-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DatePO Supplemental Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.bnymbs.com.
(b) The Trustee's responsibili▇) ▇ ▇▇▇ ▇▇▇▇▇▇▇'▇▇▇ responsibility for disbursing the ▇▇▇ above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI V hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, MBIA, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Class A-9 Reserve Fund from since the prior Distribution Date. The Trustee may make ; and
(xviii) the above information available to Certificateholders and to MBIA via amount remaining in the Trustee's website at http://www.bnyinvestorreporting.c▇▇Class A-9 Reserve Fund after taking into account amounts withdrawn from the Class A-9 Reserve Fund for such Distribution Date.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI V hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than Concurrently with each distribution on a Distribution Date, the Trustee shall prepare and cause will forward by electronic delivery to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA and each Rating Agency a statement setting forth with respect and make available to Certificateholders on the related distributionTrustee's website (http://www.bnyinvestorreporting.c▇▇) ▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇orth the following information:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) [Reserved];
(xv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonths;
(xvxvi) [Reserved];
(xvii) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing DateDate and the Remaining PO Supplemental Loan Amount and the Remaining Non-PO Supplemental Loan Amount distributed as principal;
(xvixviii) the amount due, and the amount receivedpaid, under each the Corridor Contract;
(xviixix) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 A-12 and Class 5-A-1 A-16 Certificates from the Corridor Contract Reserve Fund;; and
(xviiixx) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2005-46cb)
Monthly Statements to Certificateholders. (a) Not later than Concurrently with each distribution on a Distribution Date, the Trustee shall prepare and cause will forward by electronic delivery to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA and each Rating Agency a statement setting forth with respect and make available to Certificateholders on the related distributionTrustee's website (http://www.bnyinvestorreporting.c▇▇) ▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇orth the following information:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) [Reserved];
(xv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonths;
(xvxvi) [Reserved];
(xvii) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing DateDate and the Remaining PO Supplemental Loan Amount and the Remaining Non-PO Supplemental Loan Amount distributed as principal;
(xvixviii) the amount due, and the amount receivedpaid, under each the Corridor Contract;
(xviixix) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 A-2 Certificates from the Corridor Contract Reserve Fund;; and
(xviiixx) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2005-47cb)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distributiondistribution and/or may post such statement on its website located at www.mbsreporting.com:
(i▇) the amount ▇▇▇ ▇▇▇▇nt thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, the amount of any Class Unpaid Compensating Interest Amounts included in such distribution and any remaining Class Unpaid Net Interest Amounts Shortfalls after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and for each Loan Group Principal Balance Mortgage Pool for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for each Certificate Group for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances for each Mortgage Pool included in the distribution on such Distribution Date and the aggregate amount of Advances for each Mortgage Pool outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan in a Mortgage Pool that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) in each Mortgage Pool as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for each Certificate Group for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred in respect of each Mortgage Pool during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the cumulative amount of Realized Losses applied in reduction of the principal balance of each class of Certificates since the Closing Date;
(xvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail make available to each Certificateholder, the Master ServicerServicer and the Depositor a statement, based solely on information provided by the DepositorMaster Servicer and/or Subservicer, MBIA and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any the sum of Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
; 65 71 (ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;
(xv) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mellon Residential Funding Corp Mort Pas THR Tr Se 2000 Tbc2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Basic Master Servicing Fees and Excess Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonths;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, Date and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1related Remaining Non-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DatePO Supplemental Loan Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.mbsreporting.com.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distributiondistribution and/or may post such statement on its website located at www.bnyinvestorreportin▇.▇▇▇:
(i▇) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, the amount of any Class Unpaid Compensating Interest Amounts included in such distribution and any remaining Class Unpaid Net Interest Amounts Shortfalls after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and for each Loan Group Principal Balance Mortgage Pool for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for each Certificate Group for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances for each Mortgage Pool included in the distribution on such Distribution Date and the aggregate amount of Advances for each Mortgage Pool outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan in a Mortgage Pool that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) in each Mortgage Pool as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for each Certificate Group for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred in respect of each Mortgage Pool during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the cumulative amount of Realized Losses applied in reduction of the principal balance of each class of Certificates since the Closing Date;
(xvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI III hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 4.6 aggregated for such calendar year or applicable portion 84 thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, Servicer and the Depositor, MBIA and each Rating Agency Depositor a statement setting forth with respect to the related distribution, Loan Group and Certificate Group:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees and Servicing Fees paid to or retained by the Master Servicer and the Servicers (with respect to the Servicers, in the aggregate) with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on each of the Due Dates in each such month and (B) delinquent 60 days or more on each of the Due Dates in each such month;
(xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xiixiii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiiixiv) each the Senior Prepayment Percentage for the following Distribution Date;
; (xivxv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;
(xv) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following through such Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distributiondistribution and may post such statement on its website located at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, the amount of any Class Unpaid Compensating Interest Amounts included in such distribution and any remaining Class Unpaid Net Interest Amounts Shortfalls after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
; (x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;
(xv) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fee and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) with respect to the second Distribution DateSpecial Hazard Loss Coverage Amount, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, Fraud Loss Coverage Amount and the amount receivedBankruptcy Loss Coverage Amount, under in each Corridor Contract;
(xvii) case as of the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution related Determination Date; and
(xixxvi) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date[Reserved]. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http:\\www.mbsreporting.com.
(▇b) ▇▇▇ The Trustee's ▇▇▇▇▇▇▇'▇▇▇▇▇▇▇ responsibility for disbursing ▇▇▇ ▇isbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI V hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distributiondistribution and/or may post such statement on its website located at www.bnyinvestorreporting.▇▇▇:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, the amount of any Class Unpaid Compensating Interest Amounts included in such distribution and any remaining Class Unpaid Net Interest Amounts Shortfalls after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the cumulative amount of Realized Losses applied in reduction of the principal balance of each Class of Certificates since the Closing Date;
(xvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI III hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 4.6 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Basic Master Servicing Fees and Excess Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonths;
(xv) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;, each Remaining PO Supplemental Loan Amount and each Remaining Non-PO Supplemental Loan Amount distributed as principal
(xvi) the amount due, and the amount received, under in respect of each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, A-3 and Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;; and
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇http://www.bnyinvestorreporting.co▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility ▇▇▇▇▇▇▇▇bility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Deferred Interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.mbsreporting.com.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility ▇▇▇▇▇▇▇▇bility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, Servicer and the Depositor, MBIA and each Rating Agency Depositor a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates and the Component Balances of each Component after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage and Class A-__ Optimal Amount for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;
(xv) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following through such Distribution Date; and
(xixxv) the amount Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of any withdrawal from the Reserve Fund from the prior Distribution related Determination Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer. The Trustee will send a copy of each statement provided pursuant to this Section 4.04 to each Rating Agency.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI V hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, each Master Servicer and the Master Servicer, the Depositor, MBIA and each Rating Agency Depositor a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principalprincipal for each Certificate Group, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interestinterest for each Certificate Group, any Class Unpaid Interest Amounts Shortfall included in such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each Senior Percentage Percentage, and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer Servicers and Servicers with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each by Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date last day of the calendar month preceding such Distribution Date and the date of acquisition thereofDate;
(xii) the total number and principal balance of any REO Properties in each by Loan Group (and market value, if available) as of the close of business on the Determination Date last day of the calendar month preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses by Loan Group incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;month; and
(xv) with respect to the second Distribution DateSpecial Hazard Loss Coverage Amount, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, Fraud Loss Coverage Amount and the amount receivedBankruptcy Loss Coverage Amount, under in each Corridor Contract;
(xvii) case as of the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution related Determination Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the each Master Servicer. The Trustee will send a copy of each statement provided pursuant to this Section 4.04 to each Rating Agency.
(c) On or before the fifth No later than one Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Determination Date), the each Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mellon Residential Funding Corp)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, MBIA, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Loan Amount and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1Remaining Non-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DatePO Supplemental Loan Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.mbsreporting.com.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distributiondistribution and/or may post such statement on its website located at www.mbsreporting.▇▇▇:
(i▇) the ▇he amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, the amount of any Class Unpaid Compensating Interest Amounts included in such distribution and any remaining Class Unpaid Net Interest Amounts Shortfalls after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and for each Loan Group Principal Balance Mortgage Pool for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for each Certificate Group for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances for each Mortgage Pool included in the distribution on such Distribution Date and the aggregate amount of Advances for each Mortgage Pool outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan in a Mortgage Pool that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) in each Mortgage Pool as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for each Certificate Group for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred in respect of each Mortgage Pool during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the cumulative amount of Realized Losses applied in reduction of the principal balance of each class of Certificates since the Closing Date;
(xvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail make available to each Certificateholder, the Master ServicerServicer and the Depositor a statement, based solely on information provided by the DepositorMaster Servicer and/or Subservicer, MBIA and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any the sum of Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereofReserved;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date last day of the calendar month preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following current Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) with respect to the second Distribution DateSpecial Hazard Loss Coverage Amount, the number Fraud Loss Coverage Amount and aggregate balance the Bankruptcy Loss Coverage Amount, in each case as of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing related Determination Date;; and
(xvi) the amount due, of Net WAC Carryover Amount and the amount received, under each Corridor Contract;
(xvii) the amount Supplemental Interest paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 on that Distribution Date and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇Net WAC Carryover Amount remaining unpaid.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end . The Trustee will make a copy of each Prepayment Period statement provided pursuant to this Section 4.04 (but and, at its option, any additional files containing the same information in no event later than an alternative format) available each month to Certificateholders, each Rating Agency and other parties to this Agreement via the third Business Day prior Trustee's internet website. The Trustee's internet website shall initially be located at "www.ctslink.com". Assistance in using the website can be obtained by c▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇tee's customer service desk at (301) 815-6600. Parties that are unable to use the above distribution ▇▇▇▇▇▇▇ ▇▇▇ ▇▇titled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the related Distribution Date), the Master Servicer shall deliver to above parties and the Trustee (which delivery may be by electronic data transmission) shall provide timely and adequate notification to all above parties and Certificateholders regarding any such changes. As a report in substantially condition to access the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar yearTrustee's internet website, the Trustee shall cause to may require registration and the acceptance of a disclaimer. The Trustee will not be furnished to each Person who at any time during liable for the calendar year was a Certificateholder, a statement containing the dissemination of information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of accordance with this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a CertificateholderAgreement. Such obligation of the The Trustee shall also be deemed entitled to have been satisfied to rely on but shall not be responsible for the extent that substantially comparable content or accuracy of any information shall be provided by third parties for purposes of preparing any report or statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the Trustee pursuant to part of any requirements of the Code as from time to time in effectother party hereto).
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mellon Residential Funding Corp)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fee and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) with respect to the second Distribution DateSpecial Hazard Loss Coverage Amount, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, Fraud Loss Coverage Amount and the amount receivedBankruptcy Loss Coverage Amount, under in each Corridor Contract;
(xvii) case as of the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution related Determination Date; and
(xixxvi) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. [Reserved] The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.bnymbs.com.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI V hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, Servicer and the Depositor, MBIA and each Rating Agency Depositor a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates and the Component Balances of each Component after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage and Class A-6 Optimal Amount for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;month; and
(xv) with respect to the second Distribution DateSpecial Hazard Loss Coverage Amount, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, Fraud Loss Coverage Amount and the amount receivedBankruptcy Loss Coverage Amount, under in each Corridor Contract;
(xvii) case as of the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution related Determination Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer. The Trustee will send a copy of each statement provided pursuant to this Section 4.04 to each Rating Agency.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI V hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Equity One Abs Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause post on its website at www.jpmorgan.com/absmbs, which posting shall be accessible to be forwarded by first class mail to each Certificateholdereac▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇e Insurer, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency Agency, a statement setting forth with respect to the related distribution:distribution (provided, however, that each Certificateholder, upon request to the Trustee, shall be entitled to receive from the Trustee a paper copy of such statement if such Certificateholder is unable to access the Trustee's website):
(i) with respect to each Group, the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts Amount included in such distribution and any remaining Class Unpaid Interest Amounts Amount after giving effect to such distribution;
(iii) if the distribution to the Holders of such a Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan the Group Principal Balance Balances for the following Distribution Date;
(vi) each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees Fee paid to or retained by the Master Servicer with respect to such Distribution Date;
(viiivii) the Pass-Through Rate for each Class of Offered Certificates with respect to such Distribution Date;
(ixviii) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(xix) with respect to each Group, the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent contractually past due (assuming 30 day months) (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month Prepayment Period preceding such Distribution Date;
(xix) with respect to each Group and with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date last day of the Prepayment Period preceding such Distribution Date and the date of acquisition thereof;
(xiixi) with respect to each Group, the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date last day of the Prepayment Period preceding such Distribution Date;
(xii) with respect to each Group, the amount equal to the sum of the Stated Principal Balances of the three Loans with the largest individual Stated Principal Balances;
(xiii) each Senior Prepayment Percentage for with respect to the following Distribution DateClass AF-1 Certificates, Class AV-1A and Class AV-1B Certificates, the amount of the Net WAC Cap Carryover to be paid to such Class from the Net WAC Cap Account and the amount remaining unpaid;
(xiv) with respect to each Group, the aggregate amount principal balance of Realized Losses incurred during Balloon Loans with original terms less than or equal to 36 months which are 60 or more days contractually past due (assuming 30 day months) (including Loans in foreclosure and REO Properties) on the last day of the Prepayment Period preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupsuch Distribution Date;
(xv) with respect to the second Distribution Dateeach Group, the number and cumulative aggregate balance amount of any Delay Delivery Mortgage Loans not delivered within thirty days after Realized Losses as of the Closing last day of the Prepayment Period preceding such Distribution Date;
(xvi) with respect to the Class AV-1A and Class AV-1B Certificates, the amount due, of funds withdrawn from the Reserve Fund and included in such distribution and the amount received, under each Corridor Contractoutstanding balance of the Reserve Fund after giving effect to such distribution;
(xvii) with respect to each Group, the amount paid number of Loans repurchased by Sellers during the Due Period related to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fundsuch Distribution Date;
(xviii) with respect to each Group, the weighted average Mortgage Rate of the Outstanding Loans, such weighted average to be calculated based on the principal balances of such Outstanding Loans on the first day of the Due Period related to such Distribution Date;
(xix) with respect to each Group, the weighted average maturity date of the Outstanding Loans;
(xx) the Targeted Overcollateralization Amount after giving effect to such distribution;
(xxi) the amount on deposit of any Overcollateralization Release Amount included in the Corridor Contract Reserve Fund distribution on such Distribution Date;
(xxii) with respect to each Group, the cumulative amount of Realized Losses from the Cut-off Date through the last day of the Due Period relating to such Distribution Date;
(xxiii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date;
(xxiv) whether a Trigger Event has occurred and is continuing, and the Reserve Fund for cumulative Realized Losses, as a percentage of the following original Pool Principal Balance;
(xxv) the aggregate amount of 60+ Day Delinquent Loans as a percentage of the current Pool Principal Balance;
(xxvi) the amount of funds collected by the Trustee under the Yield Maintenance Agreement during the Due Period relating to such Distribution Date; and
(xixb) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make Trustee's responsibility for posting the above information available to Certificateholders and to MBIA via the Trustee's on its website at http://www.bnyinvestorreporting.c▇▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) . On or before the fifth Business Day following the end 18th day of each Prepayment Period (but in no event later than the third calendar month, commencing September 18, 2002, or if such day is not a Business Day prior to the related Distribution Date)Day, the Master next succeeding Business Day, the Servicer shall deliver to the Trustee a report, in a form acceptable to the Trustee, containing all of the necessary information for the Trustee to complete items (which delivery may i), (v), (vi), (viii)-(xii), (xiv), (xv), (xvii)-(xix) and (xxii) of the statement described in (a) above. The Trustee shall be by electronic data transmissionresponsible for obtaining the necessary information to complete items (ii), (iii), (iv), (vii), (xiii), (xvi), (xx), (xxi), (xxiii)-(xxvi) a report of the statement described in substantially the form set forth as Schedule VI hereto(a) above.
(dc) Within a reasonable period of time after the end of each calendar year, but in no case later than the time prescribed by the Code and applicable Treasury regulations, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii), (a)(vii) and (a)(viia)(xiii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.this
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Equity One Abs Inc Mortgage Pas Th Cert Series 2002-4)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fee and Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Amount and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1Remaining Non-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DatePO Supplemental Loan Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.bnymbs.com.
(▇b) The Trustee's responsibility ▇▇▇ ▇▇▇▇▇▇▇'▇▇▇ responsibility for disbursing the above ▇▇▇ ▇bove information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI V hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Deferred Interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.mbsreporting.com.
(▇b) The Trustee's responsibility ▇▇▇ ▇▇▇▇▇▇▇'▇▇▇ responsibility for disbursing the above information ▇▇▇ ▇▇▇▇▇ ▇▇formation to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees and Servicing Fees paid to or retained by the Master Servicer and the Subservicers (with respect to the Subservicers, in the aggregate) with respect to such Distribution Date;
(viii) the Pass-Through PassThrough Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on each of the Due Dates in each such month and (B) delinquent 60 days or more on each of the Due Dates in each such month;
(xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xiixiii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiiixiv) each the Senior Prepayment Percentage for the following Distribution Date;
(xivxv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months through such Distribution Date; and
(xvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each Loan Group;case as of the related Determination Date; and
(xvxvii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days five Business Days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇▇▇://▇▇▇.
(▇) ▇▇▇ ▇▇▇▇▇▇.▇'▇ responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer▇▇.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to make available on its website at: http://www--apps.gis.deutsche-bank.com/invr for each CertificateholderCertificateho▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇cer, and the Master Servicer, the Depositor, MBIA and each Rating Agency Depositor a statement setting forth with respect to for the related distributiondistribution of:
(i) the amount thereof of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in such the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to such the distribution;
(iii) if the distribution to the Holders of such any Class of Certificates is less than the full amount that would be distributable to such Holders them if there were sufficient funds available thereforwere available, the amount of the shortfall and the allocation thereof as of the shortfall between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such the Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees and Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to such the Subservicers, in the aggregate) with respect to the Distribution Date;
(viiivii) the Pass-Through Rate for each Class of Certificates with respect to such the Distribution Date;
(ixviii) the amount of Advances included in the distribution on such the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such the Distribution Date;
(xix) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days days, (2) 31 to 60 days days, (3) 61 to 90 days days, and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days days, (2) 31 to 60 days days, (3) 61 to 90 days days, and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such the Distribution Date;
(x) for each of the preceding 12 calendar months, or all calendar months since the related Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments
(A) due on all Outstanding Mortgage Loans on each of the Due Dates in each such month and
(B) delinquent 60 days or more on each of the Due Dates in each such month;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the Determination Date preceding such the Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such the Distribution Date;
(xiii) each Senior Prepayment Percentage for whether a Trigger Event has occurred and is continuing (including the following Distribution Datecalculation of thereof and the aggregate outstanding balance of all 60+ Day Delinquent Loans);
(xiv) the amount on deposit in the Carryover Reserve Fund Accounts (after giving effect to distributions on the Distribution Date);
(xv) the amount received under the Yield Maintenance Agreements;
(xvi) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupthrough the Distribution Date;
(xvxvii) the amount of any Net Monthly Excess Cash Flow on the Distribution Date and the allocation thereof to the Certificateholders with respect to Allocated Realized Losses and Unpaid Interest Shortfall Amounts;
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit time periods specified in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Datedefinition of Delay Delivery Mortgage Loans; and
(xix) with respect to each Loan Group, the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇Overcollateralized Amount.
(▇xx) ▇▇▇ ▇▇▇▇▇▇▇'▇ Prepayment Charges collected, waived and paid by Master Servicer.
(b) The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by derived from the Master Servicer. By each Determination Date the Master Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any other information on which the Master Servicer and the Trustee mutually agree.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) ), and (a)(vii) of this Section 4.06 4.03 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonths;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Loan Amount and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1Remaining Non-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DatePO Supplemental Loan Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.mbsreporting.com.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility ▇▇▇ponsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(ivA) the Class Certificate Balance or Notional Amount Component Principal Balance of each Class of Certificates and any Component thereof after giving effect to the distribution of principal on such Distribution Date, and (B) the Component Notional Amount of each Notional Amount Component with respect to such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following with respect to such Distribution Date;
(vi) each Senior Percentage and Subordinated Percentage for with respect to the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates and any Component thereof, with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as 71 of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses in each Loan Group incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing the Realized Losses from the preceding calendar months in each Loan Groupmonths;
(xv) with respect the Carryover Shortfall Amount distributed to each Class of Certificates on such Distribution Date and the second unpaid Carryover Shortfall Amount, if any, for each Class of Certificates for such Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;; and
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid of Net Deferred Interest added to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount Certificate Balance or Component Principal Balance of any withdrawal from the Reserve Fund from the prior Distribution Daterelated Class of Certificates or any related Component thereof. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇http://www.bnyinvestorreporting.co▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility ▇▇▇▇▇▇▇▇bility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI heretoto this Agreement.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.. 72
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonths;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.mbsreporting.com.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility ▇esponsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distributiondistribution and/or may post such statement on its website located at www.mbsreporting.com:
(i▇) the ▇▇▇ amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, the amount of any Class Unpaid Compensating Interest Amounts included in such distribution and any remaining Class Unpaid Net Interest Amounts Shortfalls after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and for each Loan Group Principal Balance Mortgage Pool for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for each Certificate Group for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances for each Mortgage Pool included in the distribution on such Distribution Date and the aggregate amount of Advances for each Mortgage Pool outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan in a Mortgage Pool that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) in each Mortgage Pool as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for each Certificate Group for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred in respect of each Mortgage Pool during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the cumulative amount of Realized Losses applied in reduction of the principal balance of each class of Certificates since the Closing Date;
(xvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Monthly Statements to Certificateholders. (a) Not later than Concurrently with each distribution on a Distribution Date, the Trustee shall prepare and cause will forward by electronic delivery to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA and each Rating Agency and make available to Certificateholders on the Trustee's website (▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇) a statement generally setting forth with respect to the related distributionfollowing information:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) [Reserved];
(xv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonths;
(xvxvi) [Reserved];
(xvii) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing DateDate and the Remaining PO Supplemental Loan Amount and the Remaining Non-PO Supplemental Loan Amount distributed as principal;
(xvixviii) the amount due, and the amount receivedpaid, under each the Corridor Contract;
(xviixix) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Covered Certificates from the Corridor Contract Reserve Fund;; and
(xviiixx) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2005-42cb)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA each Servicer and each Rating Agency a statement Agency, and make available on the website maintained by the Trustee at http://www.jpm▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇, ▇ ▇▇▇▇▇▇▇▇▇ setting forth with respect to the related distributiondistribution for each Certificate Group:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein, and the amount of the distribution made to the holders of the Class P Certificates allocable to Prepayment Penalties;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iviii) the Class Certificate Principal Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(viv) the Pool aggregate Stated Principal Balance and each of the Mortgage Loans in Loan Group Principal Balance for 1 and the following Distribution DateMortgage Loans in Loan Group 2;
(vi) each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(viiv) the amount of the Master Servicing Fees paid to or retained by Fees, the Master Servicer aggregate Trustee Fee, the aggregate Credit Risk Manager Fee, the FSA Premium and Prepayment Penalties, if applicable, with respect to such Distribution Date;
(viiivi) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ixvii) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close end of business on such Distribution Datethe preceding month;
(xviii) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days days, (32) 61 to 90 days and (43) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days days, (32) 61 to 90 days and (43) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date, assuming twelve thirty day months;
(xiix) for each of the preceding 12 calendar months, or all calendar months since the related Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on each of the Due Dates in each such month and (B) delinquent 60 days or more on each of the Due Dates in each such month;
(x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xiixi) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage for the following Distribution Date;
(xivxii) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;
(xv) with respect to the second through such Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvixiii) the amount due, and Rolling Three Month Delinquency Rate for the amount received, under each Corridor ContractMortgage Loans for such Distribution Date;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviiixiv) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Dateeach Pre-Funding Account; and
(xixxv) the amount of any withdrawal from Insured Payment. Assistance in using the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via website can be obtained by calling the Trustee's website customer service desk at http://www.bnyinvestorreporting.c877-722-1095. ▇▇.
(▇) ▇▇▇▇ ▇▇▇▇▇▇▇'▇ are unable to use the website are entitled to have a paper copy mailed to them via first class mail by written notice to the Trustee at its Corporate Trust Office. The Trustee's responsibility for disbursing the above information to the Certificateholders for each Certificate Group is limited to the availability, timeliness and accuracy of the information provided by derived from the Master Servicer.
(c) On Servicers. The foregoing information shall be reported to the Trustee each month on or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Servicer Data Remittance Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Credit Suisse First Boston Mor Sec Corp Series 2002-1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees and Servicing Fees paid to or retained by the Master Servicer and the Subservicers (with respect to the Subservicers, in the aggregate) with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on each of the Due Dates in each such month and (B) delinquent 60 days or more on each of the Due Dates in each such month;
(xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xiixiii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiiixiv) each the Senior Prepayment Percentage for the following Distribution Date;
(xivxv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months through such Distribution Date; and
(xvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each Loan Group;case as of the related Determination Date; and
(xvxvii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days five Business Days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by derived from the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Loan Amount and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1Remaining Non-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DatePO Supplemental Loan Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.chttp:\\▇▇▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ ▇▇▇▇▇.▇▇▇.
(b) The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group and in the aggregate (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group and in the aggregate (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing the Realized Losses from the preceding calendar months in each Loan Groupmonths;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.mbsreporting.com.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility ▇▇▇▇▇▇▇ibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI heretoto this Agreement.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvib) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI __ hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 4.6 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distributiondistribution or accretion;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Amount and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1Remaining Non-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DatePO Supplemental Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http:\\www.mbsreporting.com.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility ▇esponsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI V hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fee and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Amount and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1Remaining Non-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DatePO Supplemental Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http:\\www.mbsreporting.com.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility ▇▇▇▇onsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI V hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause forward by electronic delivery to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA and each Rating Agency and make available to certificateholders on the Trustee’s website (▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇) a statement generally setting forth with respect to the related distributionfollowing information:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;
(xv) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, A-1 and Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 A-4 Certificates from the Corridor Contract Reserve Fund;; and
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2005-J11)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA each Servicer and each Rating Agency a statement Agency, and make available on the website maintained by the Trustee at http://www.j▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇, ▇ ▇▇▇▇▇▇▇▇t setting forth with respect to the related distributiondistribution for each Certificate Group:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein, and the amount of the distribution made to the holders of the Class P Certificates allocable to Prepayment Penalties;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iviii) the Class Certificate Principal Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(viv) the Pool aggregate Stated Principal Balance and each Loan Group Principal Balance for of the following Distribution DateMortgage Loans;
(vi) each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(viiv) the amount of the Master Servicing Fees paid to or retained by Fees, the Master Servicer aggregate Trustee Fee, the aggregate Credit Risk Manager Fee, the FSA Premium and Prepayment Penalties, if applicable, with respect to such Distribution Date;
(viiivi) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ixvii) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close end of business on such Distribution Datethe preceding month;
(xviii) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days days, (32) 61 to 90 days and (43) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days days, (32) 61 to 90 days and (43) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date, assuming twelve thirty day months;
(xiix) for each of the preceding 12 calendar months, or all calendar months since the related Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on each of the Due Dates in each such month and (B) delinquent 60 days or more on each of the Due Dates in each such month;
(x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xiixi) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage for the following Distribution Date;
(xivxii) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;
(xv) with respect to the second through such Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvixiii) the amount due, and Rolling Three Month Delinquency Rate for the amount received, under each Corridor ContractMortgage Loans for such Distribution Date;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviiixiv) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution DatePre-Funding Account; and
(xixxv) the amount of any withdrawal from Insured Payment. Assistance in using the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via website can be obtained by calling the Trustee's website customer service desk at http://www.bnyinvestorreporting.c▇▇.
(▇) ▇▇▇ 877-722-1095. ▇▇▇▇▇▇▇ ▇'▇ ▇at are unable to use the website are entitled to have a paper copy mailed to them via first class mail by written notice to the Trustee at its Corporate Trust Office. The Trustee's responsibility for disbursing the above information to the Certificateholders for each Certificate Group is limited to the availability, timeliness and accuracy of the information provided by derived from the Master ServicerServicers. The foregoing information shall be reported to the Trustee each month on or before the Servicer Data Remittance Date.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(db) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in in, clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, MBIA, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fee and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Amount and the amount received, under each Corridor ContractRemaining Non-PO Supplemental Amount distributed as principal;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Class A-4 Reserve Fund since the prior Distribution Date; and
(xviii) the amount remaining in the Class A-4 Reserve Fund after taking into account amounts withdrawn from the prior Class A-4 Reserve Fund for such Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http:\\www.bnymbs.com.
(▇b) ▇▇▇ The Trustee's responsibility for d▇▇▇▇▇▇▇'▇▇ responsibility for disbursing the ▇▇▇ above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI V hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail provide to each Certificateholder, the Master Servicer, Servicer and the Depositor, MBIA and each Rating Agency Depositor a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date last day of the calendar month preceding such Distribution Date and the date of acquisition thereofDate;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date last day of the calendar month preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;month; and
(xv) with respect to the second Distribution DateSpecial Hazard Loss Coverage Amount, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, Fraud Loss Coverage Amount and the amount receivedBankruptcy Loss Coverage Amount, under in each Corridor Contract;
(xvii) case as of the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution related Determination Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end . The Trustee will provide a copy of each Prepayment Period statement provided pursuant to this Section 4.04 to each Rating Agency. The Trustee will make a copy of each statement provided pursuant to this Section 4.04 (but and, at its option, any additional files containing the same information in no event later than an alternative format) available each month to Certificateholders, and other parties to this Agreement via the third Business Day prior Trustee's internet website and its fax-on-demand service. The Trustee's fax-on-demand service may be accessed by calling (301) ▇▇▇-▇▇▇▇. ▇▇e Trustee's internet website shall initially be located at "www.▇▇▇▇▇▇▇.▇▇▇". ▇ssistance in using the website or the fax-on-demand service can be obtained by calling the Trustee's customer service desk at (301) ▇▇▇-▇▇▇▇. ▇▇rties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, above parties and the Trustee shall cause provide timely and adequate notification to be furnished to each Person who at all above parties and Certificateholders regarding any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effectchanges.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mellon Residential Funding Cor Mor Pas THR Tr Ser 1999-Tbc3)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distributiondistribution and Aggregate Loan Group:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Basic Master Servicing Fees and Excess Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonths;
(xv) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;, each Remaining PO Supplemental Loan Amount and each Remaining Non-PO Supplemental Loan Amount distributed as principal; and
(xvi) the amount due, amounts due and the amount received, amounts paid under each the Corridor Contract;
(xvii) the amount amounts paid to the Class 14-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 A-1 and Class 54-A-1 A-2 Certificates from the Corridor Contract Reserve Fund;; and
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.bnyinvestorreporting.com.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility ▇▇▇▇▇▇▇▇▇ility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distributiondistribution and/or may post such statement on its website located at www.bnyinvestorreporting.com:
(i) the amount thereof allocable to principalalloca▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇, separately ▇▇▇▇▇▇▇▇▇y identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, the amount of any Class Unpaid Compensating Interest Amounts included in such distribution and any remaining Class Unpaid Net Interest Amounts Shortfalls after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and for each Loan Group Principal Balance Mortgage Pool for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for each Certificate Group for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances for each Mortgage Pool included in the distribution on such Distribution Date and the aggregate amount of Advances for each Mortgage Pool outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan in a Mortgage Pool that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) in each Mortgage Pool as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for each Certificate Group for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred in respect of each Mortgage Pool during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the cumulative amount of Realized Losses applied in reduction of the principal balance of each class of Certificates since the Closing Date;
(xvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI III hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 4.6 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distributiondistribution and/or may post such statement on its website located at www.bnyinvestorreporting.com:
(i) the amount thereof allocable to principalthereo▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, the amount of any Class Unpaid Compensating Interest Amounts included in such distribution and any remaining Class Unpaid Net Interest Amounts Shortfalls after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the cumulative amount of Realized Losses applied in reduction of the principal balance of each Class of Certificates since the Closing Date;
(xvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;month; and
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date.
(xvi) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DateRemaining Supplemental Loan Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.mbsreporting.com.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause forward by electronic delivery to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA and each Rating Agency and make available to certificateholders on the Trustee’s website (▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇) a statement generally setting forth with respect to the related distributionfollowing information:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;
(xv) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under in respect of each of the Corridor ContractContracts;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2A-4, Class 1-A-3, A-9 and Class 1-A-5 and Class 5-A-1 A-13 Certificates from the Corridor Derivative Contract Reserve Fund;; and
(xviii) the amount on deposit in the Corridor Derivative Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2005-J10)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Insurer, the Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) with respect to each Group, the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts Amount included in such distribution and any remaining Class Unpaid Interest Amounts Amount after giving effect to such distribution;
(iii) if the distribution to the Holders of such a Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan the Group Principal Balance Balances for the following Distribution Date;
(vi) with respect to each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) Group, the amount of the Master Servicing Fees Fee paid to or retained by the Master Servicer with respect to such Distribution Date;
(viiivii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ixviii) with respect to each Group, the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(xix) with respect to each Group, the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month Prepayment Period preceding such Distribution Date;
(xix) with respect to each Group and with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date last day of the Prepayment Period preceding such Distribution Date and the date of acquisition thereof;
(xiixi) with respect to each Group, the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date last day of the Prepayment Period preceding such Distribution Date;
(xii) with respect to each Group, the Cross-Collateralization Amount;
(xiii) with respect to each Senior Prepayment Percentage for Group, the following Distribution Date;
Spread Account Draw; (xiv) the aggregate amount Class A-1 and Class A-2 Monthly Spread Account Deposit Amounts, the percentage of Realized Losses incurred during the preceding calendar month Class A-1 and Class A-2 Spread Account Deposit Amounts used to determine such Class A-1 and Class A-2 Monthly Spread Account Deposit Amounts, the Class A-1 and Class A-2 Spread Account Deposit Amounts, the Spread Account Excess and the aggregate amount allocation of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;
(xv) with respect such Spread Account Excess to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to R Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.Section 3A.01;
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Equity One Abs Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Loan Amount and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1Remaining Non-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DatePO Supplemental Loan Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.mbsreporting.com.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility ▇▇sponsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, MBIA, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Amount and the amount received, under each Corridor ContractRemaining Non-PO Supplemental Amount distributed as principal;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Class A-8 Reserve Fund since the prior Distribution Date; and
(xviii) the amount remaining in the Class A-8 Reserve Fund after taking into account amounts withdrawn from the prior Class A-8 Reserve Fund for such Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http:\\www.mbsreporting.com.
(b) The Trustee's responsibility for di▇) ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇'▇ responsibility for disbursing the above information nformation to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution, Loan Group and Certificate Group:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees and Servicing Fees paid to or retained by the Master Servicer and the Servicers (with respect to the Servicers, in the aggregate) with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on each of the Due Dates in each such month and (B) delinquent 60 days or more on each of the Due Dates in each such month;
(xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xiixiii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiiixiv) each the Senior Prepayment Percentage for the following Distribution Date;
(xivxv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;
(xv) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following through such Distribution Date; and
(xixxvi) the amount Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of any withdrawal from the Reserve Fund from the prior Distribution related Determination Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by derived from the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than Concurrently with each distribution on a Distribution Date, the Trustee shall prepare and cause will forward by electronic delivery to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA and each Rating Agency a statement setting forth with respect and make available to Certificateholders on the related distributionTrustee's website (http://www.bnyinvestorreporting.c▇▇) ▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇orth the following information:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonths;
(xv) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing DateDate and the Remaining PO Supplemental Loan Amount and the Remaining Non-PO Supplemental Loan Amount distributed as principal;
(xvi) the amount due, and the amount received, under each the Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;; and
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2005-26cb)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Basic Master Servicing Fees and Excess Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonths;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.mbsreporting.com.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility ▇▇▇▇▇▇▇▇bility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than Concurrently with each distribution on a Distribution Date, the Trustee shall prepare and cause to be forwarded will forward by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA and each Rating Agency a statement setting forth with respect and make available to Certificateholders on the related distributionTrustee's website (http://www.bnyinvestorreporting.c▇▇) ▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇orth the following information:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance, Notional Amount, Component Principal Balance or Component Notional Amount of each Class of Certificates and any Component thereof after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following with respect to such Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for each Loan Group for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates and any Component thereof with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for each Loan Group for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses in each Loan Group incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing the Realized Losses from the preceding calendar months in each Loan Groupmonths;
(xv) the amount of Carryover Shortfall Amounts paid on each Class of LIBOR Certificates on such Distribution Date and the amount of unpaid Carryover Shortfall Amounts on each Class of LIBOR Certificates after giving effect to all distributions on such Distribution Date;
(xvi) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvixvii) with respect to the Negative Amortization Loans, the amount due, and of Net Deferred Interest added to the amount received, under each Corridor ContractClass Certificate Balance or Component Principal Balance of any related Class of Certificates or any Component thereof;
(xviixviii) [Reserved];
(xix) the amount paid to each Class of the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 LIBOR Certificates from the Corridor Contract Carryover Shortfall Reserve Fund;; and
(xviiixx) the amount on deposit in the Corridor Contract Reserve Fund and the Carryover Shortfall Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI heretoto this Agreement.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2005-45)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount Amount, as applicable, of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Basic Master Servicing Fees and Excess Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonths;
(xv) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;, each Remaining PO Supplemental Loan Amount and each Remaining Non-PO Supplemental Loan Amount distributed as principal
(xvi) the amount due, and the amount receivedpaid, under each the Corridor Contract;
(xvii) the amount paid to the Class 12-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 A-7 Certificates from the Class 2-A-7 Reserve Fund pursuant to the Corridor Contract Reserve Fund;Contract; and
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Class 2-A-7 Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility ▇▇▇▇▇▇▇ibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Radian and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fees and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonths;
(xv) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing DateDate and the Remaining PO Supplemental Loan Amount and the Remaining Non-PO Supplemental Loan Amount distributed as principal;
(xvi) the amount due, and the amount received, under each the Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Class A-1 Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Class A-1 Reserve Fund and the Class A-6 Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Class A-6 Reserve Fund from since the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA Radian via the Trustee's website at http://www.bnyinvestorreporting.c▇http://www.bnyinvestorreporting.co▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility ▇▇▇ponsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail make available to each Certificateholder, the Master Servicer, the Depositor, MBIA the NIM Insurer, and each Rating Agency on its Internet website a statement setting forth with respect to for the related distributiondistribution of:
(i) the amount thereof of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof of the distribution allocable to interest, any Class Unpaid Interest Amounts included in such the distribution and any remaining Class Unpaid Interest Amounts after giving effect to such the distribution, any Net WAC Cap CarryForward Amount for the Distribution Date, and the amount of all Net WAC Cap Carry Forward Amount covered by withdrawals from the Excess Reserve Fund Account on the Distribution Date;
(iii) if the distribution to the Holders of such any Class of Certificates is less than the full amount that would be distributable to such Holders them if there were sufficient funds available thereforwere available, the amount of the shortfall and the allocation thereof as of the shortfall between principal and interest, including any Net WAC Cap CarryForward Amount not covered by amounts in the Excess Reserve Fund Account;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such the Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution DateBalance;
(vi) each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees and Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to such the Subservicers, in the aggregate) with respect to the Distribution Date;
(viiivii) the Pass-Through Rate for each Class of Certificates with respect to such the Distribution Date;
(ixviii) the amount of Advances included in the distribution on such the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such the Distribution Date;
(xix) the number and aggregate principal amounts outstanding balance of Mortgage Loans in each Loan Group as of the end of the preceding calendar month
(A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 30 to 30 days 59 days, (2) 31 60 to 60 days 89 days, and (3) 61 to 90 days and (4) 91 or more days and and
(B) in foreclosure and delinquent (1) 1 30 to 30 days 59 days, (2) 31 60 to 60 days 89 days, and (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such the Distribution Date;
(x) for each of the preceding 12 calendar months, or all calendar months since the related Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in the month and (B) delinquent 60 days or more (determined in the same manner as for determining Scheduled Payment delinquencies that result in a Mortgage Loan being a 60+ Day Delinquent Loan) on the Due Date in the month;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the Determination Date preceding such the Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such the Distribution Date;
(xiii) each Senior Prepayment Percentage for whether a Trigger Event has occurred and is continuing (including the following Distribution Datecalculation of thereof and the aggregate outstanding balance of all 60+ Day Delinquent Loans);
(xiv) the amount on deposit in the Excess Reserve Fund Account (after giving effect to distributions on the Distribution Date);
(xv) the aggregate amount of Applied Realized Losses Loss Amounts incurred during the preceding calendar month and aggregate Unpaid Realized Loss Amounts through the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan GroupDistribution Date;
(xvxvi) the amount of any Total Monthly Excess Cash Flow on the Distribution Date and the allocation thereof to the Certificateholders with respect to Unpaid Realized Loss Amounts and Unpaid Interest Amounts;
(xvii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) time periods specified in the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Funddefinition of Delay Delivery Mortgage Loans;
(xviii) with respect to each Loan Group, the amount on deposit in the Corridor Contract Reserve Fund Subordinated Amount and the Reserve Fund for the following Distribution DateRequired Subordinated Amount; and
(xix) Prepayment Charges collected, waived, and paid by the amount Master Servicer. For the purposes of determining delinquency periods in reporting under (ix) above, for any withdrawal from monthly statement a Mortgage Loan's delinquency period shall be determined as of the Reserve Fund from Due Date falling in the prior Distribution month in which the monthly statement is provided and a Mortgage Loan is first delinquent only after the first Due Date following the Due Date for which any part of a Scheduled Payment has not been paid, and each calendar month shall be treated as having 30 days. Thus, for the July monthly statement a Mortgage Loan whose June Due Date payment has not been paid by the July Due Date is not delinquent. On the day after the July Due Date it would be one day delinquent. A Mortgage Loan whose May Due Date payment has not been paid by the July Due Date is 30 days past due as of the July Due Date, and would be reported as such in the July monthly statement. The Trustee may make If the above information available statement is not accessible to Certificateholders and to MBIA via any of the Certificateholders, the Master Servicer, the Depositor, the NIM Insurer, or any Rating Agency on the Trustee's Internet website, the Trustee shall forward a hard copy of it to each Certificateholder, the Master Servicer, the Depositor, the NIM Insurer, and each Rating Agency immediately after the Trustee becomes aware that it is not accessible to any of them via its website. The address of the Trustee's Internet website at http://www.bnyinvestorreporting.c▇▇.
(▇) ▇▇where the statement will be accessible is http://www-apps.gis.deutsche-bank.com/invr. Assistance in using th▇ ▇▇▇▇▇▇▇'▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇ ▇▇▇▇▇▇ed by calling the Trustee's customer service desk at (800) 735-7777. The Trustee shall notify each Certificateholder, t▇▇ ▇▇▇▇▇▇ ▇▇▇▇icer, the Depositor, the NIM Insurer, and each Rating Agency in writing of any change in the address or means of access to the Internet website where the statement is accessible.
(b) The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness timeliness, and accuracy of the information derived from the Master Servicer. The Trustee is not responsible for any inaccuracies in or caused by the data provided by the Master Servicer. By each Determination Date the Master Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and 3.09(b)(ii) and any other information that the Master Servicer and the Trustee mutually agree on.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) ), and (a)(vii) of this Section 4.06 4.03 aggregated for such the calendar year or applicable portion thereof during which such the Person was a Certificateholder. Such Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer, a statement containing the information in clauses (a)(i), (a)(ii), and (a)(vii) of this Section 4.03 aggregated for the calendar year. This obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance, Component Principal Balance or Component Notional Amount of each Class of Certificates and any Component thereof after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and of each Loan Group Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates and any Component thereof, with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group and in the aggregate (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days days, (2) 31 to 60 days days, (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days days, (2) 31 to 60 days days, (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group and in the aggregate (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing the Realized Losses from the preceding calendar months in each Loan Groupmonths;
(xv) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty 30 days after the Closing Date;
(xvi) the amount dueof Net Deferred Interest added to the Class Certificate Balance or Component Principal Balance of any Class of Certificates or any Component thereof, and the amount received, under each Corridor Contract;as applicable; and
(xvii) the amount paid to Yield Maintenance Payments for the Class 1I-A-1, Class 1I-A-2, Class 1I-A-3A-X, Class 1B-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund X and the Reserve Fund Subordinated Certificates for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior such Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's ’s website at http://www.bnyinvestorreporting.c“▇▇▇▇://▇▇▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇”.
(b) The Trustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI heretoIV.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (BellaVista Mortgage Trust 2005-1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each CertificateholderHolder of a Class of Certificates of the Trust Fund, the Master Servicer, the Depositor, MBIA Seller and each Rating Agency the Depositor a statement setting forth with respect to for the related distributionCertificates:
(i) the amount thereof of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments, Liquidation Proceeds Prepayments included therein and Subsequent Recoveries (B) the aggregate of all scheduled payments of principal included therein;
(ii) the amount thereof of such distribution to Holders of each Class allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interestany Interest Carry Forward Amount for each Class;
(iv) the Class Certificate Principal Balance or Notional Amount of each Class of Certificates after giving effect (i) to the distribution of all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date;
(v) the Pool aggregate of the Stated Principal Balance Balances of the Mortgage Loans for the Mortgage Pool and each Loan Group Principal Balance for the following Distribution DateGroup;
(vi) each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Datefor the related Due Period;
(viiivii) the Pass-Through Rate for each Class of Certificates with respect to such Distribution the current Accrual Period;
(viii) the Seller Shortfall Interest Requirement (if any) for the related Master Servicer Advance Date;
(ix) the amount of Advances for each Loan Group included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the cumulative amount of Applied Realized Loss Amounts to date;
(xi) [reserved];
(xii) the number and aggregate principal amounts of Mortgage Loans in each Loan Group Group: (A) delinquent Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 30 to 30 days 59 days, (2) 31 60 to 60 89 days and (3) 61 to 90 days and (4) 91 or more days days, and (B) in foreclosure and delinquent Delinquent (1) 1 30 to 30 days 59 days, (2) 31 60 to 60 89 days and (3) 61 to 90 days and (4) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xixiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar monthmonth in each Loan Group, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereofLoan;
(xiixiv) and the total number and principal balance aggregate Stated Principal Balances of any Mortgage Loans converted to REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiiixv) the aggregate Stated Principal Balances of all Liquidated Loans;
(xvi) with respect to any Liquidated Loan in each Senior Prepayment Percentage for Loan Group, the following loan number and Stated Principal Balance relating thereto;
(xvii) whether a Trigger Event is in effect;
(xviii) any Net Rate Carryover paid on each Class of Certificates (other than the Class A-IO, Class A-R, Class C and Class P Certificates) and any remaining Net Rate Carryover remaining on each Class of Certificates (other than the Class A-IO, Class A-R, Class C and Class P Certificates) on such Distribution Date;
(xivxix) the aggregate amount of Realized Losses incurred during Prepayment Charges collected or waived by the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan GroupMaster Servicer;
(xvxx) with respect to the second August 2004 Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviiiA) the amount on deposit in the Corridor Contract Reserve Fund Pre-Funding Account (if any) on the related Determination Date and (B) the Reserve Fund aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the following related Due Period;
(xxi) with respect to the September 2004 Distribution Date, (A) the remaining amounts in Pre-Funding Account (if any) at the end of the Funding Period that are included in the Principal Distribution Amount and (B) the aggregate Stated Principal Balances of the Subsequent Mortgage Loans for Subsequent Transfer Dates occurring during the related Due Period; and
(xixxxii) the amount, if any, due and the amount of any withdrawal from received under the Reserve Fund from the prior Corridor Contracts for such Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by derived from the Master Servicer. The Trustee will send a copy of each statement provided pursuant to this Section 4.05 to each Rating Agency. The Trustee may make the above information available to Certificateholders via the Trustee's website at http://www.mbsreporting.com.
(c▇) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable ▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇▇▇e period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(viia)(vi) of this Section 4.06 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Trustee shall furnish to the Holders of the Class A-R Certificates the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class A-R Certificates with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each related Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each related Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each related Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the related REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of the related REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the related REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 8.11.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2004-Ecc2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distributiondistribution and/or may post such statement on its website located at www.m▇▇▇▇▇▇▇▇▇▇▇.▇▇▇:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, the amount of any Class Unpaid Compensating Interest Amounts included in such distribution and any remaining Class Unpaid Net Interest Amounts Shortfalls after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and for each Loan Group Principal Balance Mortgage Pool for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for each Certificate Group for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances for each Mortgage Pool included in the distribution on such Distribution Date and the aggregate amount of Advances for each Mortgage Pool outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan in a Mortgage Pool that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) in each Mortgage Pool as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for each Certificate Group for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred in respect of each Mortgage Pool during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the cumulative amount of Realized Losses applied in reduction of the principal balance of each class of Certificates since the Closing Date;
(xvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail made available to each Certificateholder, the Master each Servicer, the Depositor, MBIA and each Rating Agency Agency, a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying indicating the aggregate amount of any portion thereof attributable to Scheduled Payments and Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, indicating the portion thereof attributable to any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Principal Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Aggregate Loan Balance and Aggregate Loan Group Balance for each Loan Group Principal Balance Group, in each case, for the following Distribution Date;
(vi) each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer and TGIC Fees, if applicable, with respect to such Distribution Date;
(viiivii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ixviii) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(xix) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) foreclosure or delinquent (exclusive of with a notation indicating which Mortgage Loans Loans, if any, are in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days days, (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xix) the number and aggregate principal amounts of Mortgage Loans with respect to any Mortgage Loan that became an REO Property during which Prepayment Penalties were collected and the preceding calendar month, the loan number and Stated Principal Balance aggregate amount of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereofPrepayment Penalties;
(xiixi) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage for the following Distribution Date;
(xivxii) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Group;
(xv) with respect to the second through such Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvixiii) the amount due, and weighted average term to maturity of the amount received, under each Corridor Contract;
(xvii) Mortgage Loans as of the amount paid to close of business on the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from last day of the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following calendar month preceding such Distribution Date; and
(xixxiv) the number and principal amount of any withdrawal from claims submitted and claims paid under the Reserve Fund from TGIC Policy during the prior preceding calendar month and the number and principal amount of claims submitted and claims paid under the TGIC Policy through such Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from each Servicer which shall be provided as required in Section 4.05. On each Distribution Date, the Trustee shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP Level Factors for each Class of Offered Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trustee and Bloomberg. In connection with providing the information specified in this Section 4.04 to Bloomberg, the Trustee and any director, officer, employee or agent of the Trustee shall be indemnified and held harmless by DLJMC, to the extent, in the manner and subject to the limitations provided in Section 9.05. The Trustee will also make the monthly statements to Certificateholders available each month to each party referred to in Section 4.04(a) via the Trustee's website. The Trustee's website can be accessed at http://www.abs.bankone.com/absmbs or at such other site as the Tru▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇ time. Persons that are unable to use the above website are entitled to have a paper copy mailed to them via first class mail by written notice to the Trustee addressed to the Corporate Trust Office. The Trustee shall have the right to change the way the reports referred to in this Section are distributed in order to make such distribution more convenient and/or more accessible to the above parties and to the Certificateholders. The Trustee shall provide timely and adequate notification to all above parties and to the Certificateholders regarding any such change. The Trustee may fully rely upon and shall have no liability with respect to information provided by the Master any Servicer.
(cb) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date)Upon request, the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(viia)(vi) of this Section 4.06 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)
Monthly Statements to Certificateholders. (a) Not later than Concurrently with each distribution on a Distribution Date, the Trustee shall prepare and cause will forward by electronic delivery to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA and each Rating Agency a statement setting forth with respect and make available to Certificateholders on the related distributionTrustee's website (http://www.bnyinvestorreporting.co▇) ▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇rth the following information:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Basic Master Servicing Fees and Excess Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonths;
(xv) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date, each Remaining PO Supplemental Loan Amount and each Remaining Non-PO Supplemental Loan Amount distributed as principal;
(xvi) the amount due, and the amount receivedpaid, under each Corridor Contract;
(xvii) the amount paid to the each Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 of Floating Rate Certificates from the Corridor Contract Reserve Fund;; and
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇http://www.bnyinvestorreporting.co▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility ▇▇▇▇onsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2005-20cb)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master each Servicer, the DepositorSeller, MBIA the Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Basic Servicing Fees paid to or retained by the Master each Servicer and Excess Servicing Fees paid to or retained by Countrywide with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvi) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Loan Amount and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1Remaining Non-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution DatePO Supplemental Loan Amount distributed as principal. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http://www.bnymbs.com.
(b) The Trustee's responsibili▇) ▇ ▇▇▇ ▇▇▇▇▇▇▇'▇▇▇ responsibility for disbursing the ▇▇▇ above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master each Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master each Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI V hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, MBIA, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distribution:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts included in such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Excess Master Servicing Fee and Basic Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) with respect to the second Conveyance Period Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) , the amount due, Remaining PO Supplemental Amount and the amount received, under each Corridor ContractRemaining Non-PO Supplemental Amount distributed as principal;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Class A-4 Reserve Fund since the prior Distribution Date; and
(xviii) the amount remaining in the Class A-4 Reserve Fund after taking into account amounts withdrawn from the prior Class A-4 Reserve Fund for such Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇http:\\www.bnymbs.com.
(▇b) ▇▇▇ The Trustee's responsibility for di▇▇▇▇▇▇▇'▇ responsibility for disbursing the above ▇▇▇ ▇bove information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI V hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to post on its website at www.jpmorgan.com/sfr, which posting shall be forwarded by first class mail accessible to each CertificateholderCer▇▇▇▇▇▇▇▇▇▇▇▇▇▇, the Master ▇▇▇ Servicer, the Depositor, MBIA Depositor and each Rating Agency Agency, a statement setting forth with respect to the related distribution:distribution (provided, however, that each Certificateholder, upon request to the Trustee, shall be entitled to receive from the Trustee a paper copy of such statement if such Certificateholder is unable to access the Trustee's website):
(i) with respect to each Group, the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, any Class Unpaid Interest Amounts Amount included in such distribution and any remaining Class Unpaid Interest Amounts Amount after giving effect to such distribution;
(iii) if the distribution to the Holders of such a Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan the Group Principal Balance Balances for the following Distribution Date;
(vi) each Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees Fee paid to or retained by the Master Servicer with respect to such Distribution Date;
(viiivii) the Pass-Through Rate for each Class of Offered Certificates with respect to such Distribution Date;
(ixviii) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(xix) with respect to each Group, the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent contractually past due (assuming 30 day months) (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent foreclosure
(1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month Prepayment Period preceding such Distribution Date;
(xix) with respect to each Group and with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date last day of the Prepayment Period preceding such Distribution Date and the date of acquisition thereof;
(xiixi) with respect to each Group, the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date last day of the Prepayment Period preceding such Distribution Date;
(xii) with respect to each Group, the amount equal to the sum of the Stated Principal Balances of the three Loans with the largest individual Stated Principal Balances;
(xiii) each Senior Prepayment Percentage for with respect to the following Distribution DateClass AV-1, Class AV-2, Class B-1 and Class B-2 Certificates, the amount of the Net WAC Cap Carryover to be paid to such Class from the Net WAC Cap Account and the amount remaining unpaid;
(xiv) with respect to each Group, the aggregate amount principal balance of Realized Losses incurred during Balloon Loans with original terms less than or equal to 36 months which are 60 or more days contractually past due (assuming 30 day months) (including Loans in foreclosure and REO Properties) on the last day of the Prepayment Period preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupsuch Distribution Date;
(xv) with respect to the second Distribution Dateeach Group, the number and cumulative aggregate balance amount of any Delay Delivery Mortgage Loans not delivered within thirty days after Realized Losses as of the Closing last day of the Prepayment Period preceding such Distribution Date;
(xvi) the amount dueof funds withdrawn from the Reserve Fund (for each of the Class AV-1 and Class AV-2 Certificates) and the Excess Reserve Fund, respectively, and included in such distribution and the amount receivedoutstanding balance of the Reserve Fund (and the amounts available for each of the Class AV-1 and Class AV-2 Certificates) and Excess Reserve Fund, under each Corridor Contractrespectively, after giving effect to such distribution;
(xvii) with respect to each Group, the amount paid number of Loans repurchased by Sellers during the Due Period related to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fundsuch Distribution Date;
(xviii) with respect to each Group, the weighted average Mortgage Rate of the Outstanding Loans, such weighted average to be calculated based on the principal balances of such Outstanding Loans on the first day of the Due Period related to such Distribution Date;
(xix) with respect to each Group, the weighted average maturity date of the Outstanding Loans;
(xx) the Targeted Overcollateralization Amount after giving effect to such distribution;
(xxi) the amount on deposit of any Overcollateralization Release Amount included in the Corridor Contract Reserve Fund distribution on such Distribution Date;
(xxii) with respect to each Group, the cumulative amount of Realized Losses from the Cut-off Date through the last day of the Due Period relating to such Distribution Date;
(xxiii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date;
(xxiv) whether a Trigger Event has occurred and is continuing, and the Reserve Fund for cumulative Realized Losses, as a percentage of the following original Pool Principal Balance;
(xxv) the aggregate amount of 60+ Day Delinquent Loans as a percentage of the current Pool Principal Balance;
(xxvi) the amount of funds collected by the Trustee under the Yield Maintenance Agreement during the Due Period relating to such Distribution Date; and
(xixxxvii) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. MGIC Monthly Premium.
(b) The Trustee may make Trustee's responsibility for posting the above information available to Certificateholders and to MBIA via the Trustee's on its website at http://www.bnyinvestorreporting.c▇▇.
(▇) ▇▇▇ ▇▇▇▇▇▇▇'▇ responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) . On or before the fifth Business Day following the end 18th day of each Prepayment Period (but calendar month, commencing in no event later than the third month of the first Distribution Date hereunder, or if such day is not a Business Day prior to the related Distribution Date)Day, the Master next succeeding Business Day, the Servicer shall deliver to the Trustee a report, in a form acceptable to the Trustee, containing (which delivery may 1) all of the necessary information for the Trustee to complete items (i), (v), (vi), (viii)-(xii), (xiv), (xv), (xvii)-(xix), (xxii), and (xxvii) of the statement described in (a) above and (2) with respect to each Covered Loan, as of the first day of the related Due Period, the per annum rate equal to the Mortgage Rate less the MGIC Premium Rate. The Trustee shall be by electronic data transmissionresponsible for obtaining the necessary information to complete items (ii), (iii), (iv), (vii), (xiii), (xvi), (xx), (xxi), (xxiii)-(xxvi) a report of the statement described in substantially the form set forth as Schedule VI hereto(a) above.
(dc) Within a reasonable period of time after the end of each calendar year, but in no case later than the time prescribed by the Code and applicable Treasury regulations, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii), (a)(vii) and (a)(viia)(xiii) of this Section 4.06 4.03 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Equity One Abs Inc Mort Pass THR Certs Ser 2003-4)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA Depositor and each Rating Agency a statement setting forth with respect to the related distributiondistribution and/or may post such statement on its website located at w▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, the amount of any Class Unpaid Compensating Interest Amounts included in such distribution and any remaining Class Unpaid Net Interest Amounts Shortfalls after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and for each Loan Group Principal Balance Mortgage Pool for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for each Certificate Group for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances for each Mortgage Pool included in the distribution on such Distribution Date and the aggregate amount of Advances for each Mortgage Pool outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan in a Mortgage Pool that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) in each Mortgage Pool as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for each Certificate Group for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred in respect of each Mortgage Pool during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the cumulative amount of Realized Losses applied in reduction of the principal balance of each class of Certificates since the Closing Date;
(xvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and
(xvii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans in each Mortgage Pool not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;
(xviii) the amount on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI III hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 4.6 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor, MBIA and each Rating Agency a statement setting forth with respect to the related distributiondistribution and/or may post such statement on its website located at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Prepayments and Liquidation Proceeds and Subsequent Recoveries included therein;
(ii) the amount thereof allocable to interest, the amount of any Class Unpaid Compensating Interest Amounts included in such distribution and any remaining Class Unpaid Net Interest Amounts Shortfalls after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date;
(v) the Pool Stated Principal Balance and each Loan Group Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties in each Loan Group (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date;
(xiii) each the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month and the aggregate amount of Subsequent Recoveries, if any, reducing Realized Losses from preceding calendar months in each Loan Groupmonth;
(xv) the cumulative amount of Realized Losses applied in reduction of the principal balance of each class of Certificates since the Closing Date;
(xvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date;
(xvi) the amount due, and the amount received, under each Corridor Contract;
(xvii) the amount paid to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates from the Corridor Contract Reserve Fund;; and
(xviii) the amount of any Reserve Fund Withdrawal and the amount remaining on deposit in the Corridor Contract Reserve Fund and the Reserve Fund for the following Distribution Date; and
(xix) the amount of any withdrawal from the Reserve Fund from the prior Distribution Date. The Trustee may make the above information available to Certificateholders and to MBIA via the Trustee's website at http://www.bnyinvestorreporting.c▇▇Fund.
(▇b) ▇▇▇ ▇▇▇▇▇▇▇'▇ The Trustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.
(c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the Trustee (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule VI III hereto.
(d) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.06 4.6 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)