Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of: (i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date; (v) the Pool Stated Principal Balance for the following Distribution Date; (vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date; (vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date; (viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date; (ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date; (x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xi) 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 the Distribution Date; (xii) 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 in each Loan Group and in the aggregate 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; (xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof; (xiv) 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 the Distribution Date; (xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date; (xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date; (xvii) 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 (xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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. (b) 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 V. (c) 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) and (a)(ii) 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 7 contracts
Sources: Pooling and Servicing Agreement (IndyMac Indx Mortgage Loan Trust 2005-Ar9), Pooling and Servicing Agreement (IndyMac MBS, Inc. INDA Mortgage Loan Trust 2005-Ar2), Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2005-Ar17)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇▇▇▇/invr to each Certificateholder, ▇▇▇ the Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 5 contracts
Sources: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2005-Ar21), Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2005-Ar35), Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2005-Ar1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇/invr to each Certificateholder, ▇▇▇ the Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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)(iia)(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 3 contracts
Sources: Pooling and Servicing Agreement (IndyMac RAST 2004-A5), Pooling and Servicing Agreement (Residential Asset Securitization Trust 2004-A1), Pooling and Servicing Agreement (Indymac MBS Inc)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eahttps://www.corporatetrust.db.com/▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such the following Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. .
(b) The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(bc) 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 V.V hereto.
(cd) 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)(iia)(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 3 contracts
Sources: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2003-A6), Pooling and Servicing Agreement (Residential Asset Securitization Trust 2003-A5), Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Securit Trust 2003-A1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇eac▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master ▇▇ster Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any scheduled principal, Net Prepayments, Principal Prepayments in Full, partial Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest;
(iv) the Class Certificate Balance (including Component Principal Balances) or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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[reserved];
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility ;
(xix) the aggregate amount of Deferred Interest on the Mortgage Loans for disbursing the above information related Due Date, by Loan Group and in the aggregate, and the cumulative amount of Deferred Interest on the Mortgage Loans through such Distribution Date;
(xx) the aggregate amount of Net Deferred Interest on the Mortgage Loans for the Distribution Date, by Loan Group and in the aggregate, and the amount allocated to each Class of Certificates on such Distribution Date and the Certificateholders is limited cumulative amount of Net Deferred Interest on the Mortgage Loans allocated to each Class of Certificates through such Distribution Date; and
(xxi) the availability, timeliness and accuracy aggregate Stated Principal Balance of the information derived from Mortgage Loans that became Liquidated Mortgage Loans in the Master Servicer. By prior month and since the Cut-off Date (in 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.
(b) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day case immediately prior to the related Distribution DateStated Principal Balance being reduced to zero), 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 V.
(c) 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) and (a)(ii) 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 3 contracts
Sources: Pooling and Servicing Agreement (Indymac MBS Inc), Pooling and Servicing Agreement (IndyMac Indx Mortgage Loan Trust 2005-Ar12), Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2005-Ar14)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇▇▇▇/invr to each Certificateholder, ▇▇▇ the Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 3 contracts
Sources: Pooling and Servicing Agreement (IndyMac MBS, Inc. Residential Asset Securitization Trust 2005-A3), Pooling and Servicing Agreement (IndyMac MBS, Inc. Residential Asset Securitization Trust 2005-A10), Pooling and Servicing Agreement (Residential Asset Securitization Trust 2005-A16)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 3 contracts
Sources: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2005-Ar13), Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2005-Ar3), Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2005-Ar5)
Monthly Statements to Certificateholders. (a) Not later than Concurrently with each distribution on a Distribution Date, the Trustee shall prepare will forward by mail to each Rating Agency and make available to Certificateholders on its the Trustee's website at https://www.tss.db.com/invr to ea(http://www.bnyinvestorreporting.com) a statement generally setting fo▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇ ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:hibit W.
(ib) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer. By The Trustee shall send a copy of each Determination Date the Master Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made statement provided pursuant to this Section 4.02 and any other information on which the Master Servicer 4.05 to each Rating Agency and the NIM Insurer. The Trustee mutually agreemay make the above information available to Certificateholders via the Trustee's website at http://www.bnyinvestorreporting.com.
(b▇) 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 V.
(c) Within ▇▇▇▇▇n 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 regarding (a)(ii) the amount of distributions to that Certificateholder allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein and (a)(iiB) the aggregate of this Section 4.06 all scheduled payments of principal included therein, (ii) the amount of distributions to that Certificateholder allocable to interest and (iii) the related amount of the Servicing Fees paid to or retained by the Master Servicer, in each case 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:
(1) 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;
(2) 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;
(3) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(4) 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;
(5) 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;
(6) The amount and timing of any non-interest expenses of the related REMIC; and
(7) 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 (1), (2), (3)and (4) above shall be provided by the Depositor pursuant to Section 8.11.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWABS Asset-Backed Certificates Trust 2006-21), Pooling and Servicing Agreement (CWABS Asset-Backed Certificates Trust 2006-21)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available to each Certificateholder, the Servicer, the Depositor, the NIM Insurer and each Rating Agency on its Internet website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Date;
(ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans, the amount of Advances included in the distribution on the Distribution Date, the amount of any Net Swap Payment to the Supplemental Interest Trust from the Swap Provider and any Swap Termination Payment to the Supplemental Interest Trust from the Swap Provider;
(iii) the Servicing Fee and Trustee Fee for such Distribution Date;
(iv) the amount of any Net Swap Payment from the Supplemental Interest Trust to the Swap Provider and any Swap Termination Payment from the Supplemental Interest Trust to the Swap Provider;
(v) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account;
(vi) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(iivii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution, any Net WAC Cap Carry Forward Amount for the Distribution Date, and the amount of all Net WAC Cap Carry Forward Amounts covered by withdrawals from the Excess Reserve Fund Account on the Distribution Date;
(iiiviii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest, including any Net WAC Cap Carry Forward Amount not covered by amounts in the Excess Reserve Fund Account;
(ivix) the amount of any Total Monthly Excess Spread on the Distribution Date and the allocation thereof to the Certificateholders with respect to Unpaid Realized Loss Amounts and Unpaid Interest Amounts;
(x) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viiixi) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected with respect to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xixii) the amount on deposit in the Certificate Account and Excess Reserve Fund Account (before and after giving effect to distributions on the Distribution Account Deposit Date and Distribution Date, respectively);
(xiii) the number of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Remittance Period and the last day of the related Remittance Period;
(xiv) as of the last day of the related Remittance Period:
(A) the weighted average mortgage rate of the Mortgage Loans, and
(B) the weighted average remaining term to maturity of the Mortgage Loans;
(xv) the number and aggregate principal amounts outstanding balance of the Mortgage Loans in each Loan Group and in as of the aggregate end of the preceding calendar month:
(A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 30 to 30 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 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 the Distribution Date;
(xiixvi) 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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates Date in each such month and
and (B) delinquent 60 sixty (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 each of the Due Dates Date in each such month;
(xiiixvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xivxviii) 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 the Distribution Date;
(xvxix) each Senior the aggregate amount of Principal Prepayments received during the related Prepayment Percentage Period and Subordinated Prepayment Percentage the number of Mortgage Loans subject to such Principal Prepayments;
(xx) the aggregate amount of Advances reimbursed during the related Remittance Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xvixxi) the aggregate amount of Realized Losses in each Loan Group Servicing Advances reimbursed during the related Remittance Period, the general source of funds for such reimbursements and in the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date;
(xxii) reserved;
(xxiii) the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Remittance Period due to material breaches of representations and warranties regarding such Mortgage Loans;
(xxiv) whether a Trigger Event is in effect separately identifying the components thereof;
(xxv) the aggregate amount of Applied Realized Loss Amounts incurred and Subsequent Recoveries, if any, received during the preceding calendar month and the aggregate Unpaid Realized Losses Loss Amount through such the Distribution Date;
(xvii) 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
(xviiixxvi) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delayed Delivery Mortgage Loans;
(xxvii) the Overcollateralization Amount for such Distribution Date and the Overcollateralization Target Amount for such Distribution Date;
(xxviii) Prepayment Charges collected, waived, and paid by the Servicer; and
(xxix) for the distribution occurring on the Distribution Date immediately following the end of the Funding Period, the balance on deposit in the Group I Pre-Funding Account and/or the Group II Pre-Funding Account that has not been used to purchase Subsequent Mortgage Loans and that is being distributed to the Certificateholders on such Distribution Date. For the purposes of determining delinquency periods in reporting under (ix) above, for any Monthly Statement, a Mortgage Loan’s delinquency period shall be determined as of the Due Date falling in the 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 December Monthly Statement a Mortgage Loan whose November Due Date payment has not been paid by the December Due Date is not delinquent. On the day after the December Due Date, such Mortgage Loan would be one day delinquent. A Mortgage Loan whose November Due Date payment has not been paid by the December Due Date is 30 days past due as of the December Due Date, and would be reported as such in the December Monthly Statement. If the statement is not accessible to any of the Certificateholders, the 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 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 ’s Internet website where the statement will be accessible is h▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/▇▇▇▇. Assistance in using the Trustee’s Internet website may be obtained by calling the Trustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. The Trustee shall notify each Certificateholder, the Servicer, 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 preparing and 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 Servicer. By each Determination Date 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 on which that the Master Servicer and the Trustee mutually agree.
(b) 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), including, without limitation, the Master Servicer shall deliver amount on deposit in the Certificate Account (before and after giving effect to remittances to the Trustee (which delivery may be by electronic data transmissionon the Distribution Account Deposit Date) a report and the aggregate amount of expenses paid from amounts on deposit in substantially the form set forth as Schedule V.Certificate Account.
(c) 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) and (a)(ii) (with respect to principal and interest distributed) of this Section 4.06 4.03 aggregated for such the calendar year or the 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) and (a)(ii) (with respect to principal and interest distributed) 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 2 contracts
Sources: Pooling and Servicing Agreement (Indymac Abs Inc), Pooling and Servicing Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series INABS 2006-B)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any scheduled principal, Net Prepayments, Principal Prepayments in Full, partial Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest;
(iv) the Class Certificate Balance (including Component Principal Balances) or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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[reserved];
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility ;
(xix) the aggregate amount of Deferred Interest on the Mortgage Loans for disbursing the above information related Due Date, by Loan Group and in the aggregate, and the cumulative amount of Deferred Interest on the Mortgage Loans through such Distribution Date;
(xx) the aggregate amount of Net Deferred Interest on the Mortgage Loans for the Distribution Date, by Loan Group and in the aggregate, and the amount allocated to each Class of Certificates on such Distribution Date and the Certificateholders is limited cumulative amount of Net Deferred Interest on the Mortgage Loans allocated to each Class of Certificates through such Distribution Date; and
(xxi) the availability, timeliness and accuracy aggregate Stated Principal Balance of the information derived from Mortgage Loans that became Liquidated Mortgage Loans in the Master Servicer. By prior month and since the Cut-off Date (in 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.
(b) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day case immediately prior to the related Distribution DateStated Principal Balance being reduced to zero), 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 V.
(c) 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) and (a)(ii) 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 (IndyMac Indx Mortgage Loan Trust 2005-Ar6), Pooling and Servicing Agreement (IndyMac Indx Mortgage Loan Trust 2005-Ar4)
Monthly Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trustee and not later than each Distribution Date, the Trustee Master Servicer shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇each Certificateholder, ▇▇▇ Master Servicer and the Trustee, the Depositor and any other interested parties a statement for based solely on information provided by each Servicer setting forth the following information with respect to the related distribution of:(in the case of information furnished pursuant to (i), (ii) and (vii) below, the amounts shall be expressed as a dollar amount per minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in the such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Certificate Principal Balance or Notional Amount of each Class of Certificates Certificates, after giving effect to the distribution of principal on the such Distribution Date;
(v) the Pool Stated Principal Balance for the following on such Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution DateJunior Percentage;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the such Distribution Date;
(xix) 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, 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 the such Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiiixi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Scheduled Principal Balance of the such Mortgage Loan as of the close of business on the Determination Date last Business Day of the calendar month preceding the such Distribution Date and the date of acquisition thereof;
(xivxii) 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 last Business Day of the calendar month preceding the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvixiii) the Senior Prepayment Percentage;
(xiv) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;month; and
(xviixv) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 (Mortgage Asset Sec Trans Inc Mort Pass THR Cert Ser 2001-3), Pooling and Servicing Agreement (Mort Asset Sec Trans Inc E Trade Bank Mort Bak Sec Tr 2001 2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ h▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/▇▇▇▇▇ to each Certificateholder, ▇▇▇ Master the Servicer and the Depositor a statement for the related distribution of:
(i) the applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the Distribution Date;
(ii) the amount of funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution on the Distribution Date;
(iii) the Servicing Fee and the amounts of any additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(iv) the Trustee Fee for the Distribution Date;
(v) the aggregate amount of expenses paid from amounts on deposit in the Distribution Account;
(vi) the aggregate amount on deposit in the Distribution Account, as of the beginning and end of the related Due Period;
(vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(iiviii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iiiix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest;
(ivx) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date;
(xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viiixii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected with respect to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xixiii) the number and aggregate principal amounts of Mortgage Loans in each Loan Group and in the aggregate and the aggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period;
(xiv) as of the last day of the related Due Period:
(A) the weighted average mortgage rate of the Mortgage Loans in each Loan Group and in the aggregate, and
(B) the weighted average remaining term to maturity of the Mortgage Loans in each Loan Group and in the aggregate;
(xv) the number and aggregate outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group and in the aggregate as of the end of the preceding calendar month:
(A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 30 to 30 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 59 days, (2) 31 60 to 60 days, 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 the Distribution Date;
(xiixvi) 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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates Date in each such month and
and (B) delinquent 60 sixty (60) days or more on each of the Due Dates Date in each such month;
(xiiixvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereofDate;
(xivxviii) 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 the Distribution Date;
(xvxix) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments;
(xx) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Determination Date;
(xxi) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Determination Date;
(xxii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Determination Date;
(xxiii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans in each Loan Group and in the aggregate repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans;
(xxiv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such the Distribution Date;
(xvixxv) each Senior Percentage and Subordinated Percentage for the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xviixxvi) 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;
(xxvii) Hard Prepayment Charges and Soft Prepayment Charges collected, waived, and paid by the Servicer;
(xxviii) Late Payment Fees collected or waived by the Servicer;
(xxix) the aggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and in the aggregate that became Liquidated Mortgage Loans in the prior month and since the Cut-off Date (in each case immediately prior to the Stated Principal Balance being reduced to zero);
(xxx) the Stated Principal Balance of any Mortgage Loan that has been repurchased by the Servicer in accordance with Section 2.02, 2.03 or 3.12; and
(xviiixxxi) with respect to the second Distribution Date, the number and aggregate balance Stated Principal Balance of any Delay Delivery Substitute Mortgage Loans not delivered within Loan provided by the time periods specified Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in the definition of Delay Delivery Mortgage Loansaccordance with Section 2.03. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer. By each Determination Date the Master Reporting Date, the 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.
(b) . 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 V.
(c) V. 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)(ivii) and (a)(iiviii) 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 (IndyMac INDX Mortgage Loan Trust 2007-Ar15), Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Ar13)
Monthly Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trustee and not later than each Distribution Date, the Trustee Master Servicer shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇each Certificateholder, ▇▇▇ Master Servicer and the Trustee, the Depositor and any other interested parties a statement for based solely on information provided by each Servicer setting forth the following information with respect to the related distribution of:(in the case of information furnished pursuant to (i), (ii) and (vii) below, the amounts shall be expressed as a dollar amount per minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in the such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Certificate Principal Balance or Notional Amount of each Class of Certificates Certificates, after giving effect to the distribution of principal on the such Distribution Date;
(v) the Pool Stated Principal Balance for the following on such Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution DateJunior Percentage;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the such Distribution Date;
(xix) 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, 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 the such Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiiixi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Scheduled Principal Balance of the such Mortgage Loan as of the close of business on the Determination Date last Business Day of the calendar month preceding the such Distribution Date and the date of acquisition thereof;
(xivxii) 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 last Business Day of the calendar month preceding the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvixiii) the Senior Prepayment Percentage;
(xiv) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;month; and
(xviixv) 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. Upon receipt from the Master Servicer, the Trustee shall make such statement available on its website located at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/absmbs.
(xviiib) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The TrusteeMaster Servicer's responsibility for disbursing the above information to the Trustee, Depositor, Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information derived from provided by each Servicer. The Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and other interested parties, and other parties to this Agreement via the Master Servicer's internet website located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇". By each Determination Date Assistance in using the internet website can be obtained by calling the Master Servicer's customer service desk at (301) 815-6600. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Master Servicer, with the consent of the Trustee, which consent shall not be unreasonably withheld, shall have the right to change the way the distribution date statement is distributed in order to make such distribution more convenient and/or more accessible and the Master Servicer shall provide timely and adequate notification to the Trustee Certificateholders and the parties to this Agreement regarding any such changes. The Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Monthly Statement and may affix thereto any disclaimer it deems appropriate in electronic form its reasonable discretion (without suggesting liability on the information needed to determine the distributions to be made pursuant to Section 4.02 and part of any other information on which party hereto). As a condition to access the Master Servicer and the Trustee mutually agree.
(b) 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)Servicer's internet website, the Master Servicer shall deliver to may require registration and the Trustee (which delivery may acceptance of a disclaimer. The Master Servicer will not be by electronic data transmission) a report liable for the dissemination of information in substantially the form set forth as Schedule V.accordance with this Agreement.
(c) 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 containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(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 2 contracts
Sources: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mort Pas THR Certs Ser 2002 2), Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mort Pass THR Cert Ser 2002-3)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇/invr to each Certificateholder, ▇▇▇ the Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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)(iia)(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 (Indymac MBS Inc Asset Secur Trust 2003-A9), Pooling and Servicing Agreement (Indymac Residential Asset Securitization Trust 2004-A6)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr cause to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇be forwarded by first class mail to each Certificateholder, ▇▇▇ Master Servicer and the Servicer, the Depositor and each Rating Agency, a statement for based on the information provided by the Servicer pursuant to Section 4.05 herein setting forth with respect to the related distribution ofdistribution:
(i) the amount of the distribution thereof allocable to principal, separately identifying indicating the aggregate amount of any portion thereof attributable to Scheduled Payments and Principal Prepayments and Liquidation Proceeds included thereinPrepayments;
(ii) the amount of the distribution thereof allocable to interest, interest or any Class Unpaid Carryforward Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall 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 the such Distribution Date;
(v) the Pool Stated Principal Aggregate Collateral Balance and the Aggregate Collateral Group Balance for the following such Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage the Overcollateralization Amount for the following such Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by Fees, the Master Servicer or Subservicer (Excess Servicing Fee, the Trustee Fee, the Credit Risk Manager Fee and any other mortgage insurance fees, if applicable, with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each Class of Offered Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) Date and the Pass-Through Rate for each the Class of A-IO-S Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(xix) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the last day of the calendar month preceding such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans which are delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days (to include such delinquent loans which are also in bankruptcy or foreclosure), for the Mortgage Loans in the aggregate, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) the number and aggregate principal amounts of Mortgage Loans that were in each Loan Group and in foreclosure, for 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 daysthe aggregate, as of the close of business on the last day of the calendar month preceding the such Distribution Date;
(xii) the number and aggregate principal amounts of Mortgage Loans that were in bankruptcy, 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar monthaggregate, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date last day of the calendar month preceding such Distribution Date;
(xiii) the Distribution Date number and aggregate principal amounts of Mortgage Loans with respect to which Prepayment Premiums were collected and the date aggregate amount of acquisition thereofsuch Prepayment Premiums;
(xiv) the Rolling Three Month Delinquency Rate for such Distribution Date;
(xv) the total number and principal balance of any REO Properties in each Loan Group and in the aggregate (and market value, if available) ), for the Mortgage Loans in the aggregate, as of the close last day of business on the Determination Date calendar month preceding the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the total number and principal balance of any Mortgage Loans that were repurchased during the calendar month preceding such Distribution Date;
(xvii) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through included in such distribution;
(xviii) the amount on deposit in the Prefunding Account (including a breakdown of amounts released during the prior calendar month in respect of Aggregate Subsequent Transfer Amounts or amounts included in the Principal Remittance Amount on the April 2005 Distribution Date);
(xix) the weighted average term to maturity of the Mortgage Loans as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xviixx) [reserved];
(xxi) the Special Hazard Loss Coverage Amount, amount on deposit in the Fraud Loss Coverage Amount and Capitalized Interest Account (including a breakdown of amounts released for the Bankruptcy Loss Coverage Amount, in each case calendar month preceding such Distribution Date);
(xxii) the gross weighted average coupon of the Mortgage Loans as of the related Determination first date of the applicable period for such Distribution Date;
(xxiii) the aggregate number of Mortgage Loans in the pool;
(xxiv) the Net WAC Rate;
(xxv) the Senior Enhancement Percentage; and
(xviiixxvi) with respect any amounts deposited in the Basis Risk Reserve Fund on such Distribution Date pursuant to Section 4.02(d)(xi), and the second balance of the Basis Risk Reserve Fund after all distributions have been made on such Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's ’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer. By On each Determination Date Distribution Date, the Master Servicer 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 in electronic form and Bloomberg. In connection with providing the information needed specified in this Section 4.04 to determine Bloomberg, the distributions to be made pursuant to Section 4.02 Trustee and any other information on which the Master Servicer and director, officer, employee or agent of the Trustee mutually agreeshall be indemnified and held harmless by DLJMC, to the extent, in the manner and subject to the limitations provided in Section 8.05. The Trustee will also make the monthly statements to Certificateholders available each month to each party referred to in this Section 4.04(a) via the Trustee’s website. The Trustee’s website can be accessed at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇/abs or at such other site as the Trustee may designate from time to time. The Trustee may fully rely upon and shall have no liability with respect to information provided by the Servicer.
(b) 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 V.
(c) 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)(iia)(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 2 contracts
Sources: Pooling and Servicing Agreement (CSFB Home Equity Pass-Through Certificates, Series 2005-Fix1), Pooling and Servicing Agreement (CSFB Home Equity Pass-Through Certificates, Series 2005-Fix1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇eac▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master ▇▇ster Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 (IndyMac MBS, Inc. Residential Asset Securitization Trust 2005-A7), Pooling and Servicing Agreement (IndyMac Residential Asset Securitization Trust 2005-A9)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eahttps://www.corporatetrust.db.com/▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer Servicer, MBIA and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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)(iia)(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 (Indymac MBS Inc Residential Asset Sec Trust 2003 A10), Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2003-A7)
Monthly Statements to Certificateholders. (a) Not later than Concurrently with each distribution on a Distribution Date, the Trustee shall prepare will forward by mail to each Rating Agency, the Certificate Insurer and the NIM Insurer and make available to Certificateholders and the Certificate Insurer on its the Trustee's website at https://www.tss.db.com/invr to ea(http://www.bnyinvestorreporting.c▇▇) ▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇ Master Servicer and orth the Depositor a statement for the related distribution of:information contained in Exhibit W.
(ib) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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 regarding (a)(ii) the amount of distributions to that Certificateholder allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein and (a)(iiB) the aggregate of this Section 4.06 all scheduled payments of principal included therein, (ii) the amount of distributions to that Certificateholder allocable to interest and (iii) the related amount of the Servicing Fees paid to or retained by the Master Servicer, in each case 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:
(1) 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;
(2) 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;
(3) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(4) 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;
(5) 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;
(6) The amount and timing of any non-interest expenses of the related REMIC; and
(7) 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 (1), (2), (3) and (4) above shall be provided by the Depositor pursuant to Section 8.11.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWHEQ Home Equity Loan Trust, Series 2006-S1), Pooling and Servicing Agreement (CWHEQ Home Equity Loan Trust, Series 2006-S2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eahttps://www.corporatetrust.db.com/▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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)(iia)(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 (IndyMac RAST 2004-A8), Pooling and Servicing Agreement (Residential Asset Securitization Trust 2004-A3)
Monthly Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trustee and not later than each Distribution Date, the Trustee Master Servicer shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇each Certificateholder, ▇▇▇ Master Servicer and the Depositor and any other interested parties a statement for based in part on information provided by each Servicer setting forth the following information with respect to the related distribution of:(in the case of information furnished pursuant to (i), (ii) and (vii) below, the amounts shall be expressed as a dollar amount per minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in the such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Certificate Principal Balance or Notional Amount of each Class of Certificates Certificates, after giving effect to the distribution of principal on the such Distribution Date;
(v) the Group Pool Stated Principal Balance for the following each Loan Group on such Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution DateJunior Percentage;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the such Distribution Date;
(xix) 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, 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 the such Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiiixi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Scheduled Principal Balance of the such Mortgage Loan as of the close of business on the Determination Date last Business Day of the calendar month preceding the such Distribution Date and the date of acquisition thereof;
(xivxii) 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 last Business Day of the calendar month preceding the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvixiii) the Senior Prepayment Percentage;
(xiv) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Datemonth;
(xviixv) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 (Mortgage Asset Sec Trans Inc Mort Pass THR Cert Ser 2002-7), Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mort Pass THR Cert Ser 2002-7)
Monthly Statements to Certificateholders. (a) Not later than Prior to or concurrently with each distribution from the Certificate Account to the Certificateholders made on a Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer shall cause to be forwarded by mail to each Certificateholder and to the Depositor Trustee a statement for the related distribution ofsetting forth:
(i) the amount of such distribution representing principal on the distribution allocable to principalMortgage Loans, separately identifying the aggregate amount of any Principal Prepayments including therein, and Liquidation Proceeds included thereinthe portion of such distribution, if any, representing an Advance of principal;
(ii) the amount of such distribution representing interest on the distribution allocable to Mortgage Loans and the portion of such distribution, if any resenting an Advance of interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of servicing compensation received by the shortfall Servicers and the allocation of Master Servicer with respect to the shortfall between principal monthly period preceding the related Distribution Date and interest;such other customary information as the Master Servicer deems necessary or desirable to enable Certificateholders to prepare their tax returns.
(iv) the Class Certificate amount of Retained Yield and the Administrative Fee paid to the Depositor;
(v) the aggregate Principal Balance or Notional Amount of each Class the Mortgage Loans on the Due Date of Certificates the month of such distribution, after giving effect to payments on the distribution of principal Mortgage Loans due on the Due Date and distributed to Certificateholders on the Distribution Date;
(vvi) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Datebook value of any collateral acquired on behalf of Certificateholders through foreclosure or grant of deed in lieu of foreclosure or otherwise of any Mortgage Loan;
(vii) the amount number and aggregate Principal Balance of the Servicing Fees paid to or retained by the Master Servicer or Subservicer Mortgage Loans (with respect to the Subservicers, 1) more than 30 days delinquent; (2) more than 60 days delinquent and (3) in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding foreclosure as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate on each of a date not earlier than the Due Dates in each such month and
(B) delinquent 60 days or more on each of the Due Dates in each such month;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviiiviii) the amount of coverage remaining under the Pool Insurance Policy, the Special Hazard Insurance Policy and the Mortgagor Bankruptcy Bond after giving effect to any amount with respect thereto distributed to Certificateholders on the second Distribution Date. In the case of information furnished pursuant to clauses (i) through (iv) above, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified amounts shall be expressed as a dollar amount per Single Certificate. Upon reasonable advance notice in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availabilitywriting, timeliness and accuracy of the information derived from the Master Servicer. By each Determination Date the Master Servicer shall provide to each Certificateholder that is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Trustee Mortgage Loans sufficient to permit such Certificateholders to comply with applicable regulations of the Federal Home Loan Bank Board or other regulatory authorities with respect to their investment 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.
(b) 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)Certificates; provided, however, that the Master Servicer shall deliver be entitled to be reimbursed by such Certificateholders for the Trustee (which delivery may be actual expenses incurred by electronic data transmission) a report the Master Servicer in substantially the form set forth as Schedule V.
(c) providing such reports and access. Within a reasonable period of time after the end of each calendar year, the Trustee Master Servicer 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)(ii) and through (a)(iiiv) of this Section 4.06 13.03 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Master Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee Master Servicer pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Sources: Reference Agreement (Goldman Sachs Asset Backed Securities Corp), Reference Agreement (Gs Mortgage Securities Corp)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eahttps://www.corporatetrust.db.com/▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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)(iia)(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 (Residential Asset Securitization Trust Series 2004-Indyport1), Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2003-A11)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eahttp://www-apps.gis.deutsche-bank.com/invr for each Certificatehol▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer ▇▇▇▇▇▇ ▇▇▇▇▇ies, and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each 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 the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viiivii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ixviii) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(xix) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xix) 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 the Distribution Date;
(xiixi) 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 in each Loan Group and in the aggregate 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;
(xiiixii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xivxiii) 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 the Distribution Date;
(xiv) whether a Trigger Event has occurred and is continuing (including the calculation of thereof and the aggregate outstanding balance of all 60+ Day Delinquent Loans);
(xv) each Senior Prepayment Percentage the amounts on deposit in both the Carryover Reserve Fund and Subordinated Prepayment Percentage for such Available Funds Cap Reserve Fund (after giving effect to distributions on the Distribution Date);
(xvi) the amount received under the Yield Maintenance Agreement;
(xvii) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such the Distribution Date;
(xviixviii) the Special Hazard Loss Coverage Amount, amount of any Net Monthly Excess Cash Flow on the Fraud Loss Coverage Amount Distribution Date and the Bankruptcy Loss Coverage Amount, in each case as of allocation thereof to the related Determination Date; andCertificateholders with respect to Applied Realized Losses and Unpaid Interest Shortfall Amounts;
(xviiixix) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. ;
(xx) the Overcollateralized Amount; and
(xxi) 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 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.
(b) 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 V.
(c) 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)(iia)(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 2 contracts
Sources: Pooling and Servicing Agreement (Indymac MBS Residential Asset Securitization Trust 2002 A5), Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Securitization Tr 2002-A4)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eahttps://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master ▇▇▇ter Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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)(iia)(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 (IndyMac MBS, Inc. Residential Asset Securitization Trust 2004-A7), Pooling and Servicing Agreement (IndyMac MBS, Inc. Residential Asset Securitization Trust 2004-A7)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr cause to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇be forwarded by first class mail to each Certificateholder, ▇▇▇ the Master Servicer and the Depositor a statement for setting forth with respect to the related distribution offor each Certificate Group:
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in the such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates and any Transfer Balance after giving effect to the distribution of principal on the such Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date, the aggregate of the Stated Principal Balances of the Mortgage Loans in Loan Group 1 and the aggregate of the Stated Principal Balances of the Mortgage Loans in Loan Group 2;
(vi) each the Senior Percentage and each Subordinated Percentage for each Certificate Group 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 and the Servicers (with respect to the SubservicersServicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution DateDate and related Loan Group;
(viii) the Pass-Through Rate for each such Class of Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the such Distribution Date;
(xix) the number and aggregate principal amounts of Mortgage Loans in each by 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, 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 the such Distribution Date;
(xiixi) 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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates in each such month and
and (B) delinquent 60 days or more on each of the Due Dates in each such month;
(xiiixii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the such Mortgage Loan as of the close of business on the Determination Date preceding the such Distribution Date and the date of acquisition thereof;
(xivxiii) 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;
(xiv) the Senior Prepayment Percentage for each Certificate Group for the following Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in for each Loan Certificate Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;; and
(xviixvi) the Special Hazard Loss Coverage Amount, the related Fraud Loss Coverage Amount and the related Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and.
(xviiib) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer. By The Trustee will send a copy of each Determination Date the Master Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made statement provided pursuant to this Section 4.02 and any other information on which the Master Servicer and the Trustee mutually agree4.06 to each Rating Agency.
(b) 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 V.
(c) 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)(iia)(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 two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trustee and not later than each Distribution Date, the Trustee Master Servicer shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇each Certificateholder, ▇▇▇ Master Servicer and the Depositor and any other interested parties a statement for based solely on information provided by each Servicer setting forth the following information with respect to the related distribution of:(in the case of information furnished pursuant to (i), (ii) and (vii) below, the amounts shall be expressed as a dollar amount per minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in the such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Certificate Principal Balance or Notional Amount of each Class of Certificates Certificates, after giving effect to the distribution of principal on the such Distribution Date;
(v) the Pool Stated Principal Balance for the following on such Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution DateJunior Percentage;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the such Distribution Date;
(xix) 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, 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 the such Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiiixi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Scheduled Principal Balance of the such Mortgage Loan as of the close of business on the Determination Date last Business Day of the calendar month preceding the such Distribution Date and the date of acquisition thereof;
(xivxii) 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 last Business Day of the calendar month preceding the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvixiii) the Senior Prepayment Percentage;
(xiv) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;month; and
(xviixv) 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. Upon receipt from the Master Servicer, the Trustee shall make such statement available on its website located at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/absmbs.
(xviiib) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The TrusteeMaster Servicer's responsibility for disbursing the above information to the Trustee, Depositor, Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information derived from provided by each Servicer. The Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and other interested parties, and other parties to this Agreement via the Master Servicer's internet website located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇". By each Determination Date Assistance in using the internet website can be obtained by calling the Master Servicer's customer service desk at (301) 815-6600. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Master Servicer, with the consent of the Trustee, which consent shall not be unreasonably withheld, shall have the right to change the way distribution date statement is distributed in order to make such distribution more convenient and/or more accessible and the Master Servicer shall provide timely and adequate notification to the Trustee Certificateholders and the parties to this Agreement regarding any such changes. The Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Monthly Statement and may affix thereto any disclaimer it deems appropriate in electronic form its reasonable discretion (without suggesting liability on the information needed to determine the distributions to be made pursuant to Section 4.02 and part of any other information on which party hereto). As a condition to access the Master Servicer and the Trustee mutually agree.
(b) 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)Servicer's internet website, the Master Servicer shall deliver to may require registration and the Trustee (which delivery may acceptance of a disclaimer. The Master Servicer will not be by electronic data transmission) a report liable for the dissemination of information in substantially the form set forth as Schedule V.accordance with this Agreement.
(c) 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 containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(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 2 contracts
Sources: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mort Pass THR Cert Ser 2002 1), Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mort Pass THR Cer Ser 2002-1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee Securities Administrator shall prepare and make available to each Certificateholder, the Master Servicer, the Servicer, the Depositor, the Trustee and each Rating Agency a statement, based on its website at https://www.tss.db.com/invr information provided by the Servicer, setting forth with respect to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution ofdistribution:
(i) [the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Prepayments, Liquidation Proceeds included thereinand Subsequent Recoveries;
(ii) the amount of the distribution thereof allocable to interest, any Class Unpaid Interest Carry Forward Amounts included in the such distribution and any remaining Class Unpaid Interest Carry Forward Amounts after giving effect to such distribution, any Basis Risk Carryover Amount for such Distribution Date and the distributionamount of all Basis Risk Carryover Amount covered by withdrawals from the [Excess Reserve Fund Account] on such Distribution Date;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall thereof as between principal and interest, including any Basis Risk Carryover 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 the such Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage the amount of the Expense Fees (in the aggregate and each Subordinated Percentage for separately stated) paid to or retained by the following Servicer or Subservicer and the Master Servicer with respect to such Distribution Date;
(vii) the amount Interest Rate for each such Class of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (Certificates with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of P&I Advances included in the distribution on the such Distribution Date and the aggregate amount of P&I Advances outstanding as of the close of business on the Determination Date immediately preceding such Distribution Date;
(xiix) the number and aggregate principal amounts of Mortgage Loans in each by Loan Group and in the aggregate, the number and aggregate (A) delinquent (exclusive outstanding principal balances of Mortgage Loans in foreclosure) (1) 1 as to 30 which the Scheduled Payment is delinquent 31 to 60 days, 61 to 90 days and 91 or more days, (2) 31 to 60 daysthat have become REO Property, (3) 61 to 90 days, that are in foreclosure and (4) 91 or more days and (B) that are in foreclosure and delinquent (1) 1 to 30 daysbankruptcy, (2) 31 to 60 days, (3) 61 to 90 days, and (4) 91 or more days, in each case as of the close of business on the last day Business Day of the calendar month immediately preceding the Distribution Datemonth;
(xiix) 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 in each by Loan Group and in the aggregate 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;
(xiii) aggregate, with respect to any Mortgage Loan Loans that became an REO Property Properties during the preceding calendar month, the loan number and the aggregate Stated Principal Balance of the such Mortgage Loan Loans as of the close of business on the Determination Date preceding the such Distribution Date and the date of acquisition thereof;
(xivxi) by Loan Group and the aggregate, the total number and aggregate 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 the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvixii) whether a Trigger Event has occurred and is continuing;
(xiii) the amount on deposit in the Excess Reserve Fund Account (after giving effect to distributions on such Distribution Date);
(xiv) in the aggregate and for each Class of Certificates, the aggregate amount of Applied Realized Losses in each Loan Group and in the aggregate Loss Amounts incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses Applied realized Loss Amounts through such Distribution Date.;
(xv) the amount of any Net Monthly Excess Cash Flow on such Distribution Date and the allocation thereof to the Certificateholders with respect to Applied Realized Loss Amounts and Interest Carry Forward Amounts;
(xvi) the Overcollateralization Amount and Overcollateralization Target Amount;
(xvii) Prepayment Charges collected by the Special Hazard Servicer;
(xviii) the Cumulative Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination DatePercentage; and
(xviiixix) the amount of any Net Swap Payment made to the Supplemental Interest Trust pursuant to Section 4.02, any Net Swap Payment made to the Swap Counterparty pursuant to Section 4.02, any Swap Termination Payment made to the Supplemental Interest Trust pursuant to Section 4.02 and any Swap Termination Payment made to the Swap Counterparty pursuant to Section 4.02.]
(a) For all purposes of this Agreement, with respect to any Mortgage Loan, delinquencies shall be determined and reported based on the second Distribution Date, so-called “OTS” methodology for determining delinquencies on mortgage loans similar to the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. By way of example, a Mortgage Loan would be delinquent with respect to a Scheduled Payment due on a Due Date if such Scheduled Payment is not made by the close of business on the Mortgage Loan’s next succeeding Due Date, and a Mortgage Loan would be more than 30-days Delinquent with respect to such Scheduled Payment if such Scheduled Payment were not made by the close of business on the Mortgage Loan’s second succeeding Due Date. The Trustee's Servicer hereby represents and warrants to the Depositor that this delinquency recognition policy is not less restrictive than any delinquency recognition policy established by the primary safety and soundness regulator, if any, of the Servicer.
(b) The Securities Administrator’s responsibility for disbursing providing the above information statement to the Certificateholders Certificateholders, each Rating Agency, the Master Servicer, the Servicer, the Trustee and the Depositor is limited to the availability, timeliness and accuracy of the information 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.
(b) On or before Servicer. The Securities Administrator will provide the fifth Business Day following above statement via the end of each Prepayment Period (but Securities Administrator’s internet website. The Securities Administrator’s website will initially be located at [ ] and assistance in no event later than using the third Business Day prior website can be obtained by calling the Securities Administrator’s customer service desk at [ ]. Parties that are unable to use the above distribution method 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 shall have the right to change the manner in which the above statement is distributed in order to make such distribution more convenient and/or more accessible, and the Securities Administrator shall provide timely and adequate notification to the related Distribution Date), Certificateholders and the Master Servicer shall deliver to parties hereto regarding any such changes. A paper copy of the Trustee (which delivery may statement will also be by electronic data transmission) a report in substantially the form set forth as Schedule V.made available upon request.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall Securities Administrator shall, upon request, 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)(iia)(vi) 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 Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be have previously been provided by the Trustee Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) On the [ ] day of each calendar month (or, if such [ ] day is not a Business Day, then on the next succeeding Business Day), the Servicer shall furnish to the Master Servicer (i) a monthly defaulted loan report in the format set forth in Exhibit N-2 hereto and a realized loss report in the format set forth in Exhibit N-3 hereto (or in such other format mutually agreed to between the Servicer and the Master Servicer) relating to the period ending on the last day of the preceding calendar month on a magnetic tape or other similar media reasonably acceptable to the Master Servicer. No later than [ ] Business Days after the fifteenth day of each calendar month, the Servicer shall furnish to the Master Servicer a monthly remittance advice in the format set forth in Exhibit N-1 hereto and a monthly report containing such information regarding prepayments of Mortgage Loans during the applicable Prepayment Period and in a format as mutually agreed to between the Servicer and the Master Servicer. Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master Servicer which includes on an aggregate basis for the previous calendar month (i) the amount of any insurance claims filed, (ii) the amount of any claim payments made and (iii) the amount of claims denied or curtailed. The Master Servicer will convert such data into a format acceptable to the Securities Administrator and provide monthly reports to the Securities Administrator pursuant to this Agreement.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Structured Asset Securities Corp), Pooling and Servicing Agreement (Hsi Asset Securitization Corp)
Monthly Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trustee and not later than each Distribution Date, the Trustee Master Servicer shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇each Certificateholder, ▇▇▇ Master Servicer and the Trustee, the Depositor and any other interested parties a statement for based solely on information provided by each Servicer setting forth the following information with respect to the related distribution of:(in the case of information furnished pursuant to (i), (ii) and (vii) below, the amounts shall be expressed as a dollar amount per minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in the such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Certificate Principal Balance or Notional Amount of each Class of Certificates Certificates, after giving effect to the distribution of principal on the such Distribution Date;
(v) the Pool Stated Principal Balance for the following on such Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution DateJunior Percentage;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the such Distribution Date;
(xix) 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, 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 the such Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiiixi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Scheduled Principal Balance of the such Mortgage Loan as of the close of business on the Determination Date last Business Day of the calendar month preceding the such Distribution Date and the date of acquisition thereof;
(xivxii) 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 last Business Day of the calendar month preceding the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvixiii) the Senior Prepayment Percentage;
(xiv) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;month; and
(xviixv) 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 the Junior Percentage as of such Distribution Date; and.
(xviiib) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The TrusteeMaster Servicer's responsibility for disbursing the above information to the Trustee, Depositor, Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information derived from provided by each Servicer. The Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and other interested parties, and other parties to this Agreement via the Master Servicer's internet website located at "www.ctslink.com". By each Determination Date ▇▇▇▇▇▇▇▇▇▇ ▇▇ using the internet website can be obtained by calling the Master Servicer's customer service desk at (301) 815-6600. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Master Servicer shall have the right to change the way distribution date statement is distributed in order to make such distribution more convenient and/or more accessible and the Master Servicer shall provide timely and adequate notification to the Trustee Certificateholders and the parties to this Agreement regarding any such changes. The Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Monthly Statement and may affix thereto any disclaimer it deems appropriate in electronic form its reasonable discretion (without suggesting liability on the information needed to determine the distributions to be made pursuant to Section 4.02 and part of any other information on which party hereto). As a condition to access the Master Servicer and the Trustee mutually agree.
(b) 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)Servicer's internet website, the Master Servicer shall deliver to may require registration and the Trustee (which delivery may acceptance of a disclaimer. The Master Servicer will not be by electronic data transmission) a report liable for the dissemination of information in substantially the form set forth as Schedule V.accordance with this Agreement.
(c) 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 containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(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 (Mortgage Asset Sec Trans Inc Mor Pass THR Cer Ser 2001-2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) for each of the preceding 12 calendar months, or all calendar months since the Initial Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments
(A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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;
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans; and
(xix) the remaining Pre-Funding Amount. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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)(iia)(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 (IndyMac MBS, Inc. Residential Asset Securitization Trust 2005-A1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇/invr to each Certificateholder, ▇▇▇ the Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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)(iia)(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 (IndyMac INDX Mortgage Loan Trust 2004-Ar4)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee Certificate Administrator shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇each Certificateholder, ▇▇▇ the Master Servicer and Servicers, the Certificate Insurer, the Trustee, the Depositor and each Rating Agency a statement for setting forth with respect to the related distribution ofdistribution:
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in the such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall 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 the such Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) with respect to such Distribution Date, the amount of the Master Servicing Fees paid to or retained by the Servicing Released Master Servicer Servicer, the amount of the Underlying Servicing Fees paid to or Subservicer (retained by the Underlying Servicers with respect to the Subservicers, in the aggregate) Servicing Retained Mortgage Loans and the amounts amount of any additional servicing compensation received the Certificate Administration Fee paid to or retained by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution DateCertificate Administrator;
(viii) the Pass-Through Rate for each such Class of Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date, and (x) the amount of Bi-Weekly Interest Shortfall Advances included in the distribution on such Distribution Date;
(xix) 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, 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 the such Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiiixi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the such Mortgage Loan as of the close of business on the Determination Date preceding the such Distribution Date and the date of acquisition thereof;
(xivxii) 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 the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvixiii) the Senior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Datemonth;
(xviixv) 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;
(xviiixvi) 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 time periods specified in Closing Date; and
(xvii) the definition amount of Delay Delivery Mortgage Loansany payments made by the Certificate Insurer under the Class 3-A-2 Policy for such Distribution Date and amount of all unreimbursed payments made by the Certificate Insurer from prior Distribution Dates to the Certificate Insurer pursuant to the provisions of this Agreement The Certificate Administrator will make available each month, to any interested party, the monthly statement to Certificateholders via the Certificate Administrator's website. The TrusteeCertificate Administrator's internet website will be located at "www.ctslink.com." Assistance in u▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇et website can be obtained by calling the Certificate Administrator's customer service desk at (301) 815-6600. Parties that are ▇▇▇▇▇▇ ▇▇ ▇▇▇ the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Certificate Administrator shall have the right to change the way monthly statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Certificate Administrator shall provide timely and adequate notification to all parties regarding any such changes.
(b) The Certificate Administrator's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from 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 any other information on which the Servicing Released Master Servicer and the Trustee mutually agreeUnderlying Servicers.
(bc) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the fourth Business Day prior to the related Distribution Date), the Servicing Released Master Servicer shall deliver to the Certificate Administrator (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule V hereto. In addition, in the event that Wells Fargo no longer serves as C▇▇▇▇▇icate Administrator and Servicing Retained Master Servicer, on or before the Business Day prior the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicing Retained Master Servicer shall deliver to the Trustee Certificate Administrator (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule V.V hereto.
(cd) 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)(iia)(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 (Cwabs Inc Mortgage Pass Through Trust 2001-J1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 (IndyMac INDX Mortgage Loan Trust 2005-Ar29)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eahttps://www.corporatetrust.db.com/▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 (IndyMac INDX Mortgage Loan Trust 2004-Ar6)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eahttp://www.corporatetrust.db.com ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer Servicer, and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such the following Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;; and
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. .
(b) The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(bc) 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 V.V hereto.
(cd) 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)(iia)(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 (Indymac MBS Inc Residential Asset Sec Trust 2002 A9)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available to each Certificateholder, the Servicer, the Depositor, the NIM Insurer and each Rating Agency on its Internet website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Date;
(ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans, the amount of Advances included in the distribution on the Distribution Date, the amount of any Net Swap Payment to the Supplemental Interest Trust from the Swap Provider and any Swap Termination Payment to the Supplemental Interest Trust from the Swap Provider;
(iii) the Servicing Fee and Trustee Fee for such Distribution Date;
(iv) the amount of any Net Swap Payment from the Supplemental Interest Trust to the Swap Provider and any Swap Termination Payment from the Supplemental Interest Trust to the Swap Provider;
(v) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account;
(vi) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(iivii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution, any Net WAC Cap Carry Forward Amount for the Distribution Date, and the amount of all Net WAC Cap Carry Forward Amounts covered by withdrawals from the Excess Reserve Fund Account on the Distribution Date;
(iiiviii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest, including any Net WAC Cap Carry Forward Amount not covered by amounts in the Excess Reserve Fund Account;
(ivix) the amount of any Total Monthly Excess Spread on the Distribution Date and the allocation thereof to the Certificateholders;
(x) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viiixi) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected with respect to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xixii) the amount on deposit in the Certificate Account and Excess Reserve Fund Account (before and after giving effect to distributions on the Distribution Account Deposit Date and Distribution Date, respectively);
(xiii) the number of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Remittance Period and the last day of the related Remittance Period;
(xiv) as of the last day of the related Remittance Period:
(A) the weighted average mortgage rate of the Mortgage Loans, and
(B) the weighted average remaining term to maturity of the Mortgage Loans;
(xv) the number and aggregate principal amounts outstanding balance of the Mortgage Loans in each Loan Group and in as of the aggregate end of the preceding calendar month:
(A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 30 to 30 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 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 the Distribution Date;
(xiixvi) 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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates Date in each such month and
and (B) delinquent 60 sixty (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 each of the Due Dates Date in each such month;
(xiiixvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xivxviii) 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 the Distribution Date;
(xvxix) each Senior the aggregate amount of Principal Prepayments received during the related Prepayment Percentage Period and Subordinated Prepayment Percentage the number of Mortgage Loans subject to such Principal Prepayments;
(xx) the aggregate amount of Advances reimbursed during the related Remittance Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xvixxi) the aggregate amount of Realized Losses in each Loan Group Servicing Advances reimbursed during the related Remittance Period, the general source of funds for such reimbursements and in the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date;
(xxii) reserved;
(xxiii) the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Remittance Period due to material breaches of representations and warranties regarding such Mortgage Loans;
(xxiv) whether a Trigger Event is in effect separately identifying the components thereof;
(xxv) the aggregate amount of Applied Realized Loss Amounts incurred and Subsequent Recoveries, if any, received during the preceding calendar month and the aggregate Unpaid Realized Losses Loss Amount through such the Distribution Date;
(xvii) 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
(xviiixxvi) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delayed Delivery Mortgage Loans;
(xxvii) the Overcollateralization Amount for such Distribution Date and the Overcollateralization Target Amount for such Distribution Date; and
(xxviii) Prepayment Charges collected, waived, and paid by the Servicer. For the purposes of determining delinquency periods in reporting under (ix) above, for any Monthly Statement, a Mortgage Loan’s delinquency period shall be determined as of the Due Date falling in the 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 December Monthly Statement a Mortgage Loan whose November Due Date payment has not been paid by the December Due Date is not delinquent. On the day after the December Due Date, such Mortgage Loan would be one day delinquent. A Mortgage Loan whose November Due Date payment has not been paid by the December Due Date is 30 days past due as of the December Due Date, and would be reported as such in the December Monthly Statement. If the statement is not accessible to any of the Certificateholders, the 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 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 ’s Internet website where the statement will be accessible is ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr. Assistance in using the Trustee’s Internet website may be obtained by calling the Trustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. The Trustee shall notify each Certificateholder, the Servicer, 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 preparing and 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 Servicer. By each Determination Date 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 on which that the Master Servicer and the Trustee mutually agree.
(b) 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), including, without limitation, the Master Servicer shall deliver amount on deposit in the Certificate Account (before and after giving effect to remittances to the Trustee (which delivery may be by electronic data transmissionon the Distribution Account Deposit Date) a report and the aggregate amount of expenses paid from amounts on deposit in substantially the form set forth as Schedule V.Certificate Account.
(c) 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) and (a)(ii) (with respect to principal and interest distributed) of this Section 4.06 4.03 aggregated for such the calendar year or the 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) and (a)(ii) (with respect to principal and interest distributed) 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
Sources: Pooling and Servicing Agreement (IndyMac INDB Mortgage Loan Trust 2006-1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Date;
(ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution on the Distribution Date;
(iii) the Servicing Fee and Trustee Fee for such Distribution Date;
(iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account;
(v) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(iivi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iiivii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest;
(ivviii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(ix) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viiix) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected with respect to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) the number and aggregate principal amounts of Mortgage Loans in each Loan Group and in the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period;
(xii) as of the last day of the related Due Period:
(A) the weighted average mortgage rate of the Mortgage Loans, and
(B) the weighted average remaining term to maturity of the Mortgage Loans;
(xiii) the number and aggregate outstanding balance of the Mortgage Loans as of the end of the preceding calendar month:
(A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 30 to 30 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 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 the Distribution Date;
(xiixiv) 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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates Date in each such month and
and (B) delinquent 60 sixty (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 each of the Due Dates Date in each such month;
(xiiixv) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xivxvi) 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 the Distribution Date;
(xvxvii) each the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments;
(xviii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xix) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date;
(xx) the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans;
(xxi) the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvixxii) the aggregate amount of Realized Losses in each Loan Group Senior Percentage and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through Subordinated Percentage for such Distribution Date;
(xviixxiii) 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;
(xviiixxiv) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delayed Delivery Mortgage Loans. The Trustee's responsibility for disbursing ; and
(xxv) Prepayment Charges collected, waived, and paid by the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 (Residential Asset Securitization Trust 2006-A3cb)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇eac▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master ▇▇ster Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any scheduled principal, Net Prepayments, Principal Prepayments in Full, partial Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest;
(iv) the Class Certificate Balance, Component Principal Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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[reserved];
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility ;
(xix) the aggregate amount of Deferred Interest on the Mortgage Loans for disbursing the above information related Due Date and the cumulative amount of Deferred Interest on the Mortgage Loans through such Distribution Date;
(xx) the aggregate amount of Net Deferred Interest on the Mortgage Loans for the Distribution Date and the amount allocated to each Class of Certificates on such Distribution Date and the Certificateholders is limited cumulative amount of Net Deferred Interest on the Mortgage Loans allocated to each Class of Certificates through such Distribution Date; and
(xxi) the availability, timeliness and accuracy aggregate Stated Principal Balance of the information derived from Mortgage Loans that became Liquidated Mortgage Loans in the Master Servicer. By prior month and since the Cut-off Date (in 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.
(b) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day case immediately prior to the related Distribution DateStated Principal Balance being reduced to zero), 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 V.
(c) 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) and (a)(ii) 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 (IndyMac INDX Mortgage Loan Trust 2005-Ar16ip)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee Securities Administrator shall prepare and make available to each Certificateholder, the Servicer, the Master Servicer, the Trustee, the Depositor and each Rating Agency a statement based substantially on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇information provided by the Master Servicer (which information will, ▇▇▇ Master in turn, be based substantially on information provided by the Servicer and the Depositor a statement for Underlying Servicer in the related distribution ofServicer Remittance Reports) setting forth with respect to the related distribution:
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any Class Unpaid Interest Amounts included in the such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution, any Basis Risk Carry Forward Amount for such Distribution Date and the distributionamount of all Basis Risk Carry Forward Amount covered by withdrawals from the Excess Reserve Fund Account on such Distribution Date;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall thereof as between principal and interest, including any Basis Risk Carry Forward 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 the such Distribution Date;
(v) the Pool Stated Scheduled Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to such Distribution Date;
(vii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Monthly Advances included in the distribution on the such Distribution Date and the aggregate amount of Monthly Advances reported by the Servicer as outstanding as of the close of business on the Determination Date immediately preceding such Distribution Date;
(xiix) the number and aggregate outstanding principal amounts balances of Mortgage Loans in each Loan Group and in the aggregate (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 as to 30 which the Scheduled Payment is delinquent 31 to 60 days, 61 to 90 days and 91 or more days, (2) 31 to 60 daysthat have become REO Property, (3) 61 to 90 days, that are in foreclosure and (4) 91 or more days and (B) that are in foreclosure and delinquent (1) 1 to 30 daysbankruptcy, (2) 31 to 60 days, (3) 61 to 90 days, and (4) 91 or more days, in each case as of the close of business on the last day Business Day of the calendar month immediately preceding the Distribution Datemonth;
(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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates in each such month and
and (B) delinquent 60 days or more on each of the Due Dates in each such month;
(xiiixi) with respect to any all Mortgage Loan Loans that became an REO Property Properties during the preceding calendar month, the loan aggregate number of such Mortgage Loans and Stated the aggregate Scheduled Principal Balance of the such Mortgage Loan Loans as of the close of business on the Determination Date preceding the such Distribution Date and the date of acquisition thereof;
(xivxii) 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 the such Distribution Date;
(xiii) whether a Trigger Event has occurred and is continuing (including the calculation of thereof and the aggregate outstanding balance of all 60+ Day Delinquent Mortgage Loans);
(xiv) the amount on deposit in the Excess Reserve Fund Account (after giving effect to distributions on such Distribution Date);
(xv) in the aggregate and for each Senior Prepayment Percentage Class of Certificates, the aggregate amount of Applied Realized Loss Amounts incurred during the preceding calendar month and Subordinated Prepayment Percentage for aggregate Applied Realized Loss Amounts through such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through any Net Monthly Excess Cash Flow on such Distribution DateDate and the allocation thereof to the Certificateholders with respect to Applied Realized Loss Amounts and Unpaid Interest Amounts;
(xvii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Overcollateralized Amount and Specified Overcollateralized Amount;
(xviii) the Bankruptcy amount distributed on the Class P Certificates;
(xix) the Cumulative Loss Coverage Amount, in each case as of Percentage;
(xx) the related Determination Dateamount distributed on the Class X Certificates; and
(xviiixxi) with respect the amount of any Subsequent Recoveries for such Distribution Date.
(b) The Securities Administrator’s responsibility for providing the above statement to the second Distribution DateCertificateholders, each Rating Agency, the number Servicer, the Master Servicer, the Trustee and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders Depositor is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer. By each Determination Date In addition, the Master Servicer shall provide Servicer’s responsibility for providing the information contained in the above statement to the Trustee in electronic form Securities Administrator is limited to the availability, timeliness and accuracy of the information needed to determine derived from the distributions to be made pursuant to Section 4.02 and any other information on which the Master Servicer and the Trustee mutually agree.
(b) 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)Underlying Servicer. Upon receipt, the Master Servicer shall deliver to Securities Administrator will provide the Trustee above statement via the Securities Administrator’s internet website. The Securities Administrator’s website will initially be located at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/sfr and assistance in using the website can be obtained by calling the Securities Administrator’s investor relations desk at (which delivery may ▇▇▇) ▇▇▇-▇▇▇▇. A paper copy of the above statement will also be by electronic data transmission) a report in substantially the form set forth as Schedule V.made available upon request.
(c) Within Upon request, within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator 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) and (a)(ii) 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 Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) Not later than the Reporting Date, the Servicer shall furnish to the Securities Administrator and the Master Servicer a monthly remittance advice statement (in a format mutually agreed upon by the Servicer, the Securities Administrator and the Master Servicer) containing such information as shall be reasonably requested by the Securities Administrator or the Master Servicer to provide the reports required by Section 4.03(a) or perform the calculations referred to in Section 4.02 as to the accompanying remittance and the period ending on the close of business on the last Business Day of the immediately preceding month (the “Servicer Remittance Report”). The Servicer shall furnish to the Master Servicer and the Securities Administrator an individual loan accounting report, as of the last Business Day of each month, to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, the corresponding individual loan accounting report (in electronic format) shall be received by the Master Servicer no later than the Reporting Date, which report shall contain the following:
(i) with respect to each Scheduled Payment, the amount of such remittance allocable to principal (including a separate breakdown of any Principal Prepayment, including the date of such prepayment, along with a detailed report of interest on principal prepayment amounts remitted in accordance with Section 3.25);
(ii) with respect to each Scheduled Payment, the amount of such remittance allocable to interest;
(iii) the amount of servicing compensation received by the Servicer during the prior distribution period;
(iv) the individual and aggregate Scheduled Principal Balance of the Mortgage Loans;
(v) the aggregate of any expenses reimbursed to the Servicer during the prior distribution period pursuant to Section 3.11;
(vi) the number and aggregate outstanding principal balances of Mortgage Loans (a) delinquent (1) 31 to 60 days, (2) 61 to 90 days, or (3) 91 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired;
(vii) each Mortgage Loan which has been altered, modified or varied during such month, and the reason for such modification (i.e., extension of maturity date, Mortgage Interest Rate);
(viii) with respect to each Mortgage Loan, the amount of any Realized Losses for such Mortgage Loan; and
(ix) any other information reasonably required by the Securities Administrator or the Master Servicer to enable it to prepare the monthly statement referred to in Section 4.03(a) or perform the calculations referred to in Section 4.02.
(e) [Reserved].
(f) [Reserved].
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Gsamp Trust 2004-Sd1)
Monthly Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trustee and not later than each Distribution Date, the Trustee Master Servicer shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇each Certificateholder, ▇▇▇ Master Servicer and the Depositor and any other interested parties a statement for based solely on information provided by each Servicer setting forth the following information with respect to the related distribution of:(in the case of information furnished pursuant to (i), (ii) and (vii) below, the amounts shall be expressed as a dollar amount per minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in the such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Certificate Principal Balance or Notional Amount of each Class of Certificates and each Component, after giving effect to the distribution of principal on the such Distribution Date;
(v) the Pool Stated Principal Balance for the following on such Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution DateJunior Percentage;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the such Distribution Date;
(xix) 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, 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 the such Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiiixi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Scheduled Principal Balance of the such Mortgage Loan as of the close of business on the Determination Date last Business Day of the calendar month preceding the such Distribution Date and the date of acquisition thereof;
(xivxii) 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 last Business Day of the calendar month preceding the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvixiii) the Senior Prepayment Percentage;
(xiv) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;month; and
(xviixv) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 (Mortgage Asset Sec Trans Inc Mort Pass THR Cert Ser 2002-4)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eaeach Certificateholder, the Servicer ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement ent for the related distribution of:
(i) the applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Date;
(ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution on the Distribution Date;
(iii) the Servicing Fee and Trustee Fee for such Distribution Date;
(iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account;
(v) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(iivi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iiivii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest;
(ivviii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(ix) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viiix) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected with respect to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) the number and aggregate principal amounts of Mortgage Loans in each Loan Group and in the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period;
(xii) as of the last day of the related Due Period:
(A) the weighted average mortgage rate of the Mortgage Loans, and
(B) the weighted average remaining term to maturity of the Mortgage Loans;
(xiii) the number and aggregate outstanding balance of the Mortgage Loans as of the end of the preceding calendar month:
(A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 30 to 30 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 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 the Distribution Date;
(xiixiv) 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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates Date in each such month and
and (B) delinquent 60 sixty (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 each of the Due Dates Date in each such month;
(xiiixv) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereofDate;
(xivxvi) 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 the Distribution Date;
(xvxvii) each Senior the aggregate amount of Principal Prepayments received during the related Prepayment Percentage Period and Subordinated Prepayment Percentage the number of Mortgage Loans subject to such Principal Prepayments;
(xviii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Determination Date;
(xix) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Determination Date;
(xx) the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans;
(xxi) Deferred Interest, Net Deferred Interest and Net Rate Carryover for each Class of Certificates;
(xxii) Amounts due and received under the Swap Contract for the Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviiixxiii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delayed Delivery Mortgage Loans; and
(xxiv) Prepayment Charges and Late Payment Fees collected, waived, and paid by the Servicer. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.IV.
(c) 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)(ia)(v) and (a)(iia)(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.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Flx3)
Monthly Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trustee and not later than each Distribution Date, the Trustee Master Servicer shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇each Certificateholder, ▇▇▇ Master Servicer and the Depositor and any other interested parties a statement for based in part on information provided by each Servicer setting forth the following information with respect to the related distribution of:(in the case of information furnished pursuant to (i), (ii) and (vii) below, the amounts shall be expressed as a dollar amount per minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in the such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Certificate Principal Balance or Notional Amount of each Class of Certificates Certificates, after giving effect to the distribution of principal on the such Distribution Date;
(v) the Group Pool Stated Principal Balance for the following each Loan Group on such Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution DateJunior Percentage;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the such Distribution Date;
(xix) 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, 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 the such Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiiixi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Scheduled Principal Balance of the such Mortgage Loan as of the close of business on the Determination Date last Business Day of the calendar month preceding the such Distribution Date and the date of acquisition thereof;
(xivxii) 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 last Business Day of the calendar month preceding the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvixiii) the Senior Prepayment Percentage;
(xiv) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;month; and
(xviixv) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 (Mortgage Asset Securit Trans Inc Mort Ps THR Cert Ser 2003-1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇▇▇▇/invr to each Certificateholder, ▇▇▇ Master the Servicer and the Depositor a statement for the related distribution of:
(i) the applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the Distribution Date;
(ii) the amount of funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution on the Distribution Date;
(iii) the Servicing Fee and the amounts of any additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for primary mortgage guaranty insurance;
(iv) the Trustee Fee for the Distribution Date;
(v) the aggregate amount of expenses paid from amounts on deposit in the Distribution Account;
(vi) the aggregate amount on deposit in the Distribution Account, Supplemental Interest Reserve Fund and Carryover Reserve Fund, as of the beginning and end of the related Due Period;
(vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(iiviii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iiiix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest;
(ivx) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date;
(xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viiixii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected with respect to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xixiii) the LIBOR rate applicable for that Distribution Date;
(xiv) the number of Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period;
(xv) as of the last day of the related Due Period:
(A) the weighted average Mortgage Rate of the Mortgage Loans, and
(B) the weighted average remaining term to maturity of the Mortgage Loans;
(xvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group and in as of the aggregate end of the preceding calendar month:
(A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 30 to 30 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 59 days, (2) 31 60 to 60 days, 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 the Distribution Date;
(xiixvii) 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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates Date in each such month and
and (B) delinquent 60 sixty (60) days or more on each of the Due Dates Date in each such month;
(xiiixviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereofDate;
(xivxix) 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 the Distribution Date;
(xvxx) each the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments;
(xxi) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Determination Date;
(xxii) the aggregate amount of Advances reimbursed during the related Due Period and the general source of funds for such reimbursements;
(xxiii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Determination Date;
(xxiv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans;
(xxv) the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such the Distribution Date;
(xvixxvi) the aggregate amount of Realized Losses in each Loan Group Senior Percentage and in Subordinated Percentage for the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xviixxvii) 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;
(xxviii) all Late Payment Fees assessable and not waived pursuant to Section 3.21(a);
(xxix) all Prepayment Charges collected and amounts payable by the Servicer for the waiver of such amounts;
(xxx) the aggregate Stated Principal Balance of the Mortgage Loans that became Liquidated Mortgage Loans in the prior month and since the Cut-off Date (in each case immediately prior to the Stated Principal Balance being reduced to zero);
(xxxi) the amount of any payments made by the Cap Counterparty under the Cap Contract;
(xxxii) the amount of any Net WAC Carryover Amount from the Carryover Reserve Fund;
(xxxiii) the Stated Principal Balance of any Mortgage Loan that has been repurchased by the Servicer in accordance with Section 2.02, 2.03 or 3.12; and
(xviiixxxiv) with respect to the second Distribution Date, the number and aggregate balance Stated Principal Balance of any Delay Delivery Substitute Mortgage Loans not delivered within Loan provided by the time periods specified Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in the definition of Delay Delivery Mortgage Loansaccordance with Section 2.03. The Trustee's ’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer. By each Determination the Reporting 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.
(b) . 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 V.
(c) V. 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)(ia)(vii) and (a)(iia)(viii) 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 (IndyMac IMSC Mortgage Loan Trust 2007-Ar2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eahttp://www.corporatetrust.db.com ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer Servicer, the Rating Agencies, and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each 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 the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viiivii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ixviii) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(xix) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xix) 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 the Distribution Date;
(xiixi) 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 in each Loan Group and in the aggregate 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;
(xiiixii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xivxiii) 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 the Distribution Date;
(xiv) whether a Trigger Event has occurred and is continuing (including the calculation of thereof and the aggregate outstanding balance of all 60+ Day Delinquent Loans);
(xv) each Senior Prepayment Percentage the amounts on deposit in both the Carryover Reserve Fund and Subordinated Prepayment Percentage for such Available Funds Cap Reserve Fund (after giving effect to distributions on the Distribution Date);
(xvi) the amount due and the amount received under the Yield Maintenance Agreement;
(xvii) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such the Distribution Date;
(xviixviii) the Special Hazard Loss Coverage Amount, amount of any Net Monthly Excess Cash Flow on the Fraud Loss Coverage Amount Distribution Date and the Bankruptcy Loss Coverage Amount, in each case as of allocation thereof to the related Determination Date; andCertificateholders with respect to Applied Realized Losses and Unpaid Interest Shortfall Amounts;
(xviiixix) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. ;
(xx) the Overcollateralized Amount; and
(xxi) 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 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.
(b) 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 V.
(c) 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)(iia)(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
Sources: Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2002 A11)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ the Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any scheduled principal, Net Prepayments, Principal Prepayments in Full, partial Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest;
(iv) the Class Certificate Balance (including Component Principal Balances) or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each the Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility ;
(xviii) the aggregate amount of Deferred Interest on the Mortgage Loans for disbursing the above information related Due Date, and the amount of Net Deferred Interest allocated to each Class of Certificates on such Distribution Date and the Certificateholders is limited cumulative amount of Deferred Interest on the Mortgage Loans and the amount of Net Deferred Interest allocated to each Class of Certificates through such Distribution Date; and
(xix) the availability, timeliness and accuracy aggregate Stated Principal Balance of the information derived from Mortgage Loans that became Liquidated Mortgage Loans in the Master Servicer. By prior month and since the Cut-off Date (in 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.
(b) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day case immediately prior to the related Distribution DateStated Principal Balance being reduced to zero), 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 V.
(c) 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) and (a)(ii) 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 (Indymac INDX Mortgage Loan Trust 2004-Ar12)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇eac▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master ▇▇ster Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 (IndyMac INDX Mortgage Loan Trust 2005-Ar19)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇eac▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer ▇▇rvicer and the Depositor a statement for the related distribution of:
(i) the applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the Distribution Date;
(ii) the amount of funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution on the Distribution Date;
(iii) the Servicing Fee and the amounts of any additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(iv) the Trustee Fee for the Distribution Date;
(v) the aggregate amount of expenses paid from amounts on deposit in the Distribution Account;
(vi) the aggregate amount on deposit in the Distribution Account, as of the beginning and end of the related Due Period;
(vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(iiviii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iiiix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest;
(ivx) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date;
(xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viiixii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected with respect to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xixiii) the number and aggregate principal amounts of Mortgage Loans in each Loan Group and in the aggregate and the aggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period;
(xiv) as of the last day of the related Due Period:
(A) the weighted average mortgage rate of the Mortgage Loans in each Loan Group and in the aggregate, and
(B) the weighted average remaining term to maturity of the Mortgage Loans in each Loan Group and in the aggregate;
(xv) the number and aggregate outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group and in the aggregate as of the end of the preceding calendar month:
(A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 30 to 30 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 59 days, (2) 31 60 to 60 days, 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 the Distribution Date;
(xiixvi) 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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates Date in each such month and
and (B) delinquent 60 sixty (60) days or more on each of the Due Dates Date in each such month;
(xiiixvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereofDate;
(xivxviii) 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 the Distribution Date;
(xvxix) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments;
(xx) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xxi) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xxii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date;
(xxiii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans in each Loan Group and in the aggregate repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans;
(xxiv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such the Distribution Date;
(xvixxv) each Senior Percentage and Subordinated Percentage for the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xviixxvi) 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;
(xxvii) Hard Prepayment Charges and Soft Prepayment Charges collected, waived, and paid by the Servicer;
(xxviii) the aggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and in the aggregate that became Liquidated Mortgage Loans in the prior month and since the Cut-off Date (in each case immediately prior to the Stated Principal Balance being reduced to zero);
(xxix) the Stated Principal Balance of any Mortgage Loan that has been repurchased by the Servicer in accordance with Section 2.02, 2.03 or 3.12; and
(xviiixxx) with respect to the second Distribution Date, the number and aggregate balance Stated Principal Balance of any Delay Delivery Substitute Mortgage Loans not delivered within Loan provided by the time periods specified Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in the definition of Delay Delivery Mortgage Loansaccordance with Section 2.03. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) . 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 V.
(c) V. 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)(ia)(vii) and (a)(iia)(viii) 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 (IndyMac INDA Mortgage Loan Trust 2007-Ar1)
Monthly Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trustee and not later than each Distribution Date, the Trustee Master Servicer shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇each Certificateholder, ▇▇▇ Master Servicer and the Depositor and any other interested parties a statement for based in part on information provided by each Servicer setting forth the following information with respect to the related distribution of:(in the case of information furnished pursuant to (i), (ii) and (vii) below, the amounts shall be expressed as a dollar amount per minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in the such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Certificate Principal Balance or Notional Amount of each Class of Certificates and each Component, after giving effect to the distribution of principal on the such Distribution Date;
(v) the Group Pool Stated Principal Balance for the following each Loan Group on such Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution DateJunior Percentage;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the such Distribution Date;
(xix) 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) (1foreclosure)(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 the such Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiiixi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Scheduled Principal Balance of the such Mortgage Loan as of the close of business on the Determination Date last Business Day of the calendar month preceding the such Distribution Date and the date of acquisition thereof;
(xivxii) 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 last Business Day of the calendar month preceding the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvixiii) the Senior Prepayment Percentage;
(xiv) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;month; and
(xviixv) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 (Mortgage Assset Sec Trans Inc Mastr Alternative Loan 2002-2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr cause to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇be forwarded by first class mail to each Certificateholder, ▇▇▇ the Master Servicer and the Depositor a statement for setting forth with respect to the related distribution offor each Certificate Group:
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in the such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall thereof as between principal and interest;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates and any Transfer Balance after giving effect to the distribution of principal on the such Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date, the aggregate of the Stated Principal Balances of the Mortgage Loans in Loan Group 1 and the aggregate of the Stated Principal Balances of the Mortgage Loans in Loan Group 2;
(vi) each the Senior Percentage and each Subordinated Percentage for each Certificate Group 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 and the Servicers (with respect to the SubservicersServicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;Date and related Loan Group
(viii) the Pass-Through Rate for each such Class of Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the such Distribution Date;
(xix) the number and aggregate principal amounts of Mortgage Loans in each by 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, 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 the such Distribution Date;
(xiixi) 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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates in each such month and
and (B) delinquent 60 days or more on each of the Due Dates in each such month;
(xiiixii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the such Mortgage Loan as of the close of business on the Determination Date preceding the such Distribution Date and the date of acquisition thereof;
(xivxiii) 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;
(xiv) the Senior Prepayment Percentage for each Certificate Group for the following Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in for each Loan Certificate Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;; and
(xviixvi) the Special Hazard Loss Coverage Amount, the related Fraud Loss Coverage Amount and the related Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and.
(xviiib) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer. By The Trustee will send a copy of each Determination Date the Master Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made statement provided pursuant to this Section 4.02 and any other information on which the Master Servicer and the Trustee mutually agree4.06 to each Rating Agency.
(b) 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 V.
(c) 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)(iia)(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 make available on its website at https://www.tss.db.com/invr to ea▇eac▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master ▇▇ster Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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;
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans;
(xix) the amount paid to the Class A-1 and Class A-2 Certificates from the related Yield Maintenance Reserve Fund pursuant to the related Yield Maintenance Agreement; and
(xx) the amount on deposit in the Class A-2 Yield Maintenance Reserve Fund for the following Distribution Date. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 (IndyMac Residential Asset Securitization Trust 2005-A2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee Trust Administrator shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇each Certificateholder, ▇▇▇ the Servicer, the Master Servicer and Servicer, the Trustee, the Depositor and each Rating Agency a statement for setting forth with respect to the related distribution of:distribution: Fremont 2006-C Pooling & Servicing Agreement
(i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal, separately identifying identified, and the aggregate amount of any Principal Prepayments and Liquidation Proceeds included thereinthe distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges;
(ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates (other than the Class P Certificates) allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distributionseparately identified;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were availableNet Monthly Excess Cashflow, the amount of Overcollateralized Amount, the shortfall and Overcollateralization Release Amount, the allocation of Overcollateralization Target Amount, the shortfall between principal and interestOvercollateralization Deficiency Amount, the Credit Enhancement Percentage for such Distribution Date;
(iv) the Class Certificate Balance or Notional Amount fees and expenses of each Class of Certificates after giving effect the trust accrued and paid on such Distribution Date and to the distribution of principal on the Distribution Datewhom such fees and expenses were paid;
(v) the Pool Stated Principal Balance aggregate amount of Advances for such Distribution Date (including the following Distribution Dategeneral purpose of such Advances);
(vi) each Senior Percentage the aggregate Principal Balance of the Mortgage Loans and each Subordinated Percentage for any REO Properties as of the following Distribution Dateend of the related Due Period;
(vii) the amount number, aggregate Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Servicing Fees paid to or retained by Mortgage Loans as of the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution related Due Date;
(viii) the Pass-Through Rate for number and aggregate unpaid Principal Balance of Mortgage Loans in respect of which (a) one monthly payment is delinquent, (b) two monthly payments are delinquent, (c) three monthly payments are delinquent and (d) foreclosure proceedings have begun, in each Class of Certificates case, as of the last day before of the calendar month preceding the related Distribution DateDate and in accordance with the OTS method of calculating delinquencies;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) the total number and aggregate cumulative principal amounts balance 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, all REO Properties as of the close of business on the last day of the calendar month preceding the related Distribution Date;
(x) the aggregate amount of Principal Prepayments made during the related Prepayment Period;
(xi) the Delinquency Percentage;
(xii) for each the aggregate amount of Realized Losses incurred during the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is lessrelated Prepayment Period, the aggregate dollar amount of Realized Losses incurred since the Scheduled Payments
(A) due on all Outstanding Mortgage Loans in each Loan Group Closing Date and in the aggregate on each amount of Subsequent Recoveries received during the Due Dates in each such month and
(B) delinquent 60 days or more on each of the Due Dates in each such month;related Prepayment Period; Fremont 2006-C Pooling & Servicing Agreement
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, aggregate amount of extraordinary trust fund expenses withdrawn from the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the distribution account for such Distribution Date and the date of acquisition thereofDate;
(xiv) the total number Certificate Principal Balance of each Class of Certificates, before and principal balance after giving effect to the distributions, and allocations of any REO Properties in each Loan Group and in the aggregate (and market valueRealized Losses, if available) as of the close of business made on the Determination Date preceding the such Distribution Date;
(xv) each Senior Prepayment Percentage the Current Interest in respect of the Certificates for such Distribution Date and Subordinated Prepayment Percentage for the Unpaid Interest Shortfall Amount, if any, with respect to the Certificates on such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in any Prepayment Interest Shortfall for such Distribution Date, to the aggregate incurred and Subsequent Recoveriesextent not covered by payments of Compensating Interest by the Servicer or the Master Servicer;
(xvii) the Net WAC Rate Carryover Amount for the Certificates, if any, received during for such Distribution Date and the preceding calendar month and aggregate Realized Losses through amount remaining undistributed after reimbursements therefor on such Distribution Date;
(xviixviii) the Special Hazard Loss Coverage Amountamount of the Servicing Fees paid to or retained by the Servicer or any subservicer (with respect to the Subservicers, in the Fraud Loss Coverage Amount aggregate) with respect to such Distribution Date;
(xix) the amount of the Master Servicing Fees to be paid to or retained by the Master Servicer with respect to such Distribution Date;
(xx) the amount of the Custodial Fee, if any, to be paid or retained by the Trust Administraotr with respect to such Distribution Date;
(xxi) whether the Stepdown Date or a Trigger Event has occurred;
(xxii) the total cashflows received and the Bankruptcy Loss Coverage Amount, in each case as general sources thereof;
(xxiii) the respective Pass-Through Rates applicable to the Certificates and the Class C Certificates for such Distribution Date (and whether such Pass-Through Rate was limited by the Net WAC Rate) and the Pass-Through Rate applicable to the Certificates for the immediately succeeding Distribution Date;
(xxiv) the amount of the related Determination Dateany Net Swap Payments or Swap Termination Payments; and
(xviiixxv) with respect the applicable Record Dates, Accrual Periods and Determination Dates for calculating distributions for such Distribution Date.
(b) The Trust Administrator’s responsibility for providing the above statement to the second Distribution DateCertificateholders, each Rating Agency, the number Servicer, the Master Servicer, the Originator and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders Depositor is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and the Swap Provider. The Trust Administrator will make the above statement Fremont 2006-C Pooling & Servicing Agreement available via the Trust Administrator’s internet website. The Trust Administrator’s website will initially be located at h▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇▇ and assistance in using the website can be obtained by calling the Trust Administrator’s customer service desk at 1-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the manner in which the above statement is distributed in order to make such distribution more convenient and/or more accessible, and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties hereto regarding any such changes. The Trust Administrator shall also be entitled to rely on, but shall not be responsible for the content or accuracy of, any information provided by the Servicer for purposes of preparing the above statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). Upon written request from any Certificateholder, the Trust Administrator shall provide the information provided for in Sections 4.03(d) to such Certificateholder, at the expense of the requesting Certificateholder. The Trust Administrator’s responsibility for providing the information provided for in Sections 4.03(d) to the Certificateholders is limited to the availability and timeliness of the information provided by the Servicer. By each Determination Date the Master Servicer The Trust Administrator shall provide to the Trustee in electronic form the information needed provided for in Sections 4.03(d) in the same format as received from the Servicer upon request by the Certificateholders. The Trust Administrator shall have no duty or obligation to determine the distributions to be made monitor, review or take any action regarding such information received pursuant to Section 4.02 and any 4.03(d) other information on which than forwarding copies to Certificateholders. The Trust Administrator shall have no liability for the Master Servicer and the Trustee mutually agreeaccuracy, completeness or otherwise for such information.
(b) 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 V.
(c) Within Upon request, within a reasonable period of time after the end of each calendar year, the Trustee Trust Administrator 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) and (a)(ii) 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 Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee Trust Administrator pursuant to any requirements of the Code as are from time to time in effect.
(d) Not later than the Reporting Date, the Servicer shall furnish to the Trust Administrator and the Master Servicer a monthly remittance advice statement (in a format mutually agreed upon by the Servicer and the Trust Administrator) containing such information as shall be reasonably requested by the Trust Administrator to provide the reports required by Section 4.03(a) as to the accompanying remittance and the period ending on the close of business on the last Business Day of the immediately preceding month (the “Servicer Remittance Report”). The Servicer shall furnish to the Trust Administrator an individual loan accounting report, as of the last Business Day of each month, to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, the corresponding individual Fremont 2006-C Pooling & Servicing Agreement loan accounting report (in electronic format) shall be received by the Trust Administrator no later than the Reporting Date, which report shall contain the following:
(i) with respect to each Scheduled Payment, the amount of such remittance allocable to principal (including a separate breakdown of any Principal Prepayment, including the date of such prepayment, and any Prepayment Premiums, along with a detailed report of interest on principal prepayment amounts remitted in accordance with Section 3.25);
(ii) with respect to each Scheduled Payment, the amount of such remittance allocable to interest;
(iii) the amount of servicing compensation received by the Servicer during the prior distribution period;
(iv) the individual and aggregate Stated Principal Balance of the Mortgage Loans;
(v) the aggregate of any expenses reimbursed to the Servicer during the prior distribution period pursuant to Section 3.11;
(vi) the number and aggregate outstanding principal balances of Mortgage Loans (not including Liquidated Mortgage Loans as of the end of the Prepayment Period) (a) delinquent (1) 31 to 60 days, (2) 61 to 90 days, or (3) 91 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired;
(vii) each Mortgage Loan which has been altered, modified or varied during such month, and the reason for such modification (i.e., extension of maturity date, Mortgage Interest Rate);
(viii) with respect to each Mortgage Loan, the amount of any Realized Losses for such Mortgage Loan; and
(ix) any other information reasonably required by the Trust Administrator to enable it to prepare the monthly statement referred to in Section 4.03(a).
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-C)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr www.corporatetrust.db.com to ea▇▇ each ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer ▇aster Servicer, Ambac and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest;
(iv) the Class Certificate Balance, Component Balance or Notional Amount of each Class of Certificates or Components after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance and Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such the following Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;; and
(xvii) 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
(xviiii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. .
(b) The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(bc) 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 V.V hereto.
(cd) 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)(iia)(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 (Indymac MBS Inc Residential Asset Sec Trust 2002-A14j)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee Trust Administrator shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇each Certificateholder, ▇▇▇ the Servicer, the Master Servicer and Servicer, the Trustee, the Depositor and each Rating Agency a statement for setting forth with respect to the related distribution ofdistribution:
(i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal, separately identifying identified, and the aggregate amount of any Principal Prepayments and Liquidation Proceeds included thereinthe distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges;
(ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates (other than the Class P Certificates) allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distributionseparately identified;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were availableNet Monthly Excess Cashflow, the amount of Overcollateralized Amount, the shortfall and Overcollateralization Release Amount, the allocation of Overcollateralization Target Amount, the shortfall between principal and interestOvercollateralization Deficiency Amount, the Credit Enhancement Percentage for such Distribution Date;
(iv) the Class Certificate Balance or Notional Amount fees and expenses of each Class of Certificates after giving effect the trust accrued and paid on such Distribution Date and to the distribution of principal on the Distribution Datewhom such fees and expenses were paid;
(v) the Pool Stated Principal Balance aggregate amount of Advances for such Distribution Date (including the following Distribution Dategeneral purpose of such Advances);
(vi) each Senior Percentage the aggregate Principal Balance of the Mortgage Loans and each Subordinated Percentage for any REO Properties as of the following Distribution Dateend of the related Due Period;
(vii) the amount number, aggregate Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Servicing Fees paid to or retained by Mortgage Loans as of the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution related Due Date;
(viii) the Pass-Through Rate for number and aggregate unpaid Principal Balance of Mortgage Loans in respect of which (a) one monthly payment is delinquent, (b) two monthly payments are delinquent, (c) three monthly payments are delinquent and (d) foreclosure proceedings have begun, in each Class of Certificates case, as of the last day before of the calendar month preceding the related Distribution DateDate and in accordance with the OTS method of calculating delinquencies;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) the total number and aggregate cumulative principal amounts balance 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, all REO Properties as of the close of business on the last day of the calendar month preceding the related Distribution Date;
(x) the aggregate amount of principal prepayments made during the related Prepayment Period;
(xi) the Delinquency Percentage;
(xii) for each the aggregate amount of Realized Losses incurred during the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is lessrelated Prepayment Period, the aggregate dollar amount of Realized Losses incurred since the Scheduled Payments
(A) due on all Outstanding Mortgage Loans in each Loan Group Closing Date and in the aggregate on each amount of Subsequent Recoveries received during the Due Dates in each such month and
(B) delinquent 60 days or more on each of the Due Dates in each such monthrelated Prepayment Period;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, aggregate amount of extraordinary trust fund expenses withdrawn from the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the distribution account for such Distribution Date and the date of acquisition thereofDate;
(xiv) the total number Certificate Principal Balance of each class of certificates, before and principal balance after giving effect to the distributions, and allocations of any REO Properties in each Loan Group and in the aggregate (and market valueRealized Losses, if available) as of the close of business made on the Determination Date preceding the such Distribution Date;
(xv) each Senior Prepayment Percentage the Monthly Interest Distributable Amount in respect of the Offered Certificates and Subordinated Prepayment Percentage the Class C Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, with respect to the Offered Certificates on such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in any Prepayment Interest Shortfall for such Distribution Date, to the aggregate incurred and Subsequent Recoveriesextent not covered by payments of Compensating Interest by the Servicer or the Master Servicer;
(xvii) the Net WAC Rate Carryover Amount for the Offered Certificates, if any, received during for such Distribution Date and the preceding calendar month and aggregate Realized Losses through amount remaining undistributed after reimbursements therefor on such Distribution Date;
(xviixviii) whether the Stepdown Date or a Trigger Event has occurred;
(xix) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount total cashflows received and the Bankruptcy Loss Coverage Amount, in each case as general sources thereof;
(xx) the respective Pass-Through Rates applicable to the Offered Certificates and the Class C Certificates for such Distribution Date (and whether such Pass-Through Rate was limited by the Net WAC Rate) and the Pass-Through Rate applicable to the Offered Certificates for the immediately succeeding Distribution Date;
(xxi) the amount of the related Determination Dateany Net Swap Payments or Swap Termination Payments; and
(xviiixxii) with respect the applicable Record Dates, Accrual Periods and Determination Dates for calculating distributions for such Distribution Date.
(b) The Trust Administrator’s responsibility for providing the above statement to the second Distribution DateCertificateholders, each Rating Agency, the number Servicer, the Master Servicer, the Originator and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders Depositor is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer. By each Determination Date The Trust Administrator will make the Master Servicer above statement available via the Trust Administrator’s internet website. The Trust Administrator’s website will initially be located at htt▇://▇▇▇.▇▇▇▇▇▇▇.▇▇▇ ▇▇d assistance in using the website can be obtained by calling the Trust Administrator’s customer service desk at 1-3▇▇-▇▇▇-▇▇▇▇. ▇arties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the manner in which the above statement is distributed in order to make such distribution more convenient and/or more accessible, and the Trust Administrator shall provide timely and adequate notification to the Trustee Certificateholders and the parties hereto regarding any such changes. The Trust Administrator shall also be entitled to rely on, but shall not be responsible for the content or accuracy of, any information provided by the Servicer for purposes of preparing the above statement and may affix thereto any disclaimer it deems appropriate in electronic form its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement. Upon written request from any Certificateholder, the Trust Administrator shall provide the information needed provided for in Sections 4.03(d) to determine such Certificateholder, at the distributions expense of the requesting Certificateholder. The Trust Administrator’s responsibility for providing the information provided for in Sections 4.03(d) to be made the Certificateholders is limited to the availability and timeliness of the information provided by the Servicer. The Trust Administrator shall provide the information provided for in Sections 4.03(d) in the same format as received from the Servicer upon request by the Certificateholders. The Trust Administrator shall have no duty or obligation to monitor, review or take any action regarding such information received pursuant to Section 4.02 and any 4.03(d) other information on which than forwarding copies to Certificateholders. The Trust Administrator shall have no liability for the Master Servicer and the Trustee mutually agreeaccuracy, completeness or otherwise for such information.
(b) 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 V.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee Trust Administrator 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) and (a)(ii) 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 Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee Trust Administrator pursuant to any requirements of the Code as are from time to time in effect.
(d) Not later than the Reporting Date, the Servicer shall furnish to the Trust Administrator, the Master Servicer and the Swap Provider a monthly remittance advice statement (in a format mutually agreed upon by the Servicer and the Trust Administrator) containing such information as shall be reasonably requested by the Trust Administrator to provide the reports required by Section 4.03(a) as to the accompanying remittance and the period ending on the close of business on the last Business Day of the immediately preceding month (the “Servicer Remittance Report”). The Servicer shall furnish to the Trust Administrator an individual loan accounting report, as of the last Business Day of each month, to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, the corresponding individual loan accounting report (in electronic format) shall be received by the Trust Administrator no later than the Reporting Date, which report shall contain the following:
(i) with respect to each Scheduled Payment, the amount of such remittance allocable to principal (including a separate breakdown of any Principal Prepayment, including the date of such prepayment, and any Prepayment Premiums, along with a detailed report of interest on principal prepayment amounts remitted in accordance with Section 3.25);
(ii) with respect to each Scheduled Payment, the amount of such remittance allocable to interest;
(iii) the amount of servicing compensation received by the Servicer during the prior distribution period;
(iv) the individual and aggregate Stated Principal Balance of the Mortgage Loans;
(v) the aggregate of any expenses reimbursed to the Servicer during the prior distribution period pursuant to Section 3.11;
(vi) the number and aggregate outstanding principal balances of Mortgage Loans (not including liquidated Mortgage Loans as of the end of the Prepayment Period) (a) delinquent (1) 31 to 60 days, (2) 61 to 90 days, or (3) 91 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired;
(vii) each Mortgage Loan which has been altered, modified or varied during such month, and the reason for such modification (i.e., extension of maturity date, Mortgage Interest Rate);
(viii) with respect to each Mortgage Loan, the amount of any Realized Losses for such Mortgage Loan; and
(ix) any other information reasonably required by the Trust Administrator to enable it to prepare the monthly statement referred to in Section 4.03(a).
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-A)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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)(iia)(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 (IndyMac MBS, Inc. Residential Asset Securitization Trust 2004-A9)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee Trust Administrator shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇each Certificateholder, ▇▇▇ the Servicer, the Master Servicer and Servicer, the Trustee, the Depositor and each Rating Agency a statement for setting forth with respect to the related distribution ofdistribution:
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any Class Unpaid Interest Amounts included in the such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution, any Net WAC Rate Carryover Amount for such Distribution Date and the distributionamount of all Net WAC Rate Carryover Amount covered by withdrawals from the Net WAC Rate Carryover Reserve Account on such Distribution Date;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableFremont 2005-A Pooling & Servicing Agreement 106 available therefor, the amount of the shortfall and the allocation of the shortfall thereof as between principal and interest, including any Net WAC Rate Carryover Amount not covered by amounts in the Net WAC Rate Carryover Reserve Account;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on the such Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or any Subservicer (with respect to the Subservicers, in the aggregate) and with respect to such Distribution Date;
(vii) the amounts amount of any additional servicing compensation received the Master Servicing Fees to be paid to or retained by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as amount of the day before Trust Administration Fees to be paid to or retained by the preceding Trust Administrator with respect to such Distribution Date;
(ix) the Pass-Through Rate for each such Class of Certificates, if adjusted from the date of the last monthly statement, expected Certificates with respect to be applicable on the next such Distribution Date;
(x) the amount of P&I Advances included in the distribution on the such Distribution Date and the aggregate amount of P&I Advances reported by the Servicer as outstanding as of the close of business on the Determination Date immediately preceding such Distribution Date;
(xi) the number and aggregate outstanding principal amounts balances of Mortgage Loans in each Loan Group and in the aggregate (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 as to 30 which the Scheduled Payment is delinquent 31 to 60 days, 61 to 90 days and 91 or more days, (2) 31 to 60 daysthat have become REO Property, (3) 61 to 90 days, that are in foreclosure and (4) 91 or more days and (B) that are in foreclosure and delinquent (1) 1 to 30 daysbankruptcy, (2) 31 to 60 days, (3) 61 to 90 days, and (4) 91 or more days, in each case as of the close of business on the last day Business Day of the calendar month immediately preceding the Distribution Datemonth;
(xii) for 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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates in each such month and
and (B) delinquent 60 days or more on each of the Due Dates in each such month;
(xiii) with respect to any all Mortgage Loan Loans that became an REO Property Properties during the preceding calendar month, the loan aggregate number of such Mortgage Loans and the aggregate Stated Principal Balance of the such Mortgage Loan Loans as of the close of business on the Determination Date preceding the such Distribution Date and on the date of acquisition thereof;
(xiv) 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 the such Distribution Date;; Fremont 2005-A Pooling & Servicing Agreement 107
(xv) each Senior Prepayment Percentage whether a Trigger Event has occurred and Subordinated Prepayment Percentage for such Distribution Dateis continuing (including the calculation thereof and the aggregate outstanding balance of all 60+ Day Delinquent Mortgage Loans);
(xvi) the amount on deposit in the Net WAC Rate Carryover Reserve Account (after giving effect to distributions on such Distribution Date);
(xvii) the aggregate amount of Applied Realized Losses in each Loan Group and in the aggregate Loss Amounts or Applied Class 2-A Realized Loss Amounts incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Applied Realized Losses Loss Amounts or Applied Class 2-A Realized Loss Amounts through such Distribution Date;
(xviixviii) the Special Hazard amount of any Net Monthly Excess Cash Flow on such Distribution Date and the allocation thereof to the Certificateholders with respect to Applied Realized Loss Coverage Amount, Amounts and Unpaid Interest Amounts;
(xix) the Fraud Loss Coverage Overcollateralized Amount and Overcollateralization Target Amount;
(xx) Prepayment Premiums collected by the Bankruptcy Loss Coverage AmountServicer;
(xxi) the Certificate Cap Agreement Payments, in each case as of the related Determination if any, for such Distribution Date; and
(xviiixxii) with respect to the second Distribution Date, amount distributed on the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. Class C Certificates.
(b) The TrusteeTrust Administrator's responsibility for disbursing providing the above information statement to the Certificateholders Certificateholders, each Rating Agency, the Servicer, the Originator and the Depositor is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer. By each Determination Date The Trust Administrator will make the Master Servicer above statement available via the Trust Administrator's internet website. The Trust Administrator's website will initially be located at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇▇ and assistance in using the website can be obtained by calling the Trust Administrator's customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the manner in which the above statement is distributed in order to make such distribution more convenient and/or more accessible, and the Trust Administrator shall provide timely and adequate notification to the Trustee Certificateholders and the parties hereto regarding any such changes. The Trust Administrator shall also be entitled to rely on, but shall not be responsible for the content or accuracy of, any information provided by the Servicer for purposes of preparing the above statement and may affix thereto any disclaimer it deems appropriate in electronic form its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator's internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement. Fremont 2005-A Pooling & Servicing Agreement 108 Upon written request from any Certificateholder, the Trust Administrator shall provide the information needed provided for in Sections 4.03(d) to determine such Certificateholder, at the distributions expense of the requesting Certificateholder. The Trust Administrator's responsibility for providing the information provided for in Sections 4.03(d) to be made the Certificateholders is limited to the availability and timeliness of the information provided by the Servicer. The Trust Administrator shall provide the information provided for in Sections 4.03(d) in the same format as received from the Servicer upon request by the Certificateholders. The Trust Administrator shall have no duty or obligation to monitor, review or take any action regarding such information received pursuant to Section 4.02 and any 4.03(d) other information on which than forwarding copies to Certificateholders. The Trust Administrator shall have no liability for the Master Servicer and the Trustee mutually agreeaccuracy, completeness or otherwise for such information.
(b) 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 V.
(c) Within Upon request, within a reasonable period of time after the end of each calendar year, the Trustee Trust Administrator 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) and (a)(ii) 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 Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee Trust Administrator pursuant to any requirements of the Code as are from time to time in effect.
(d) Not later than the Reporting Date, the Servicer shall furnish to the Trust Administrator and the Master Servicer a monthly remittance advice statement (in a format mutually agreed upon by the Servicer and the Trust Administrator) containing such information as shall be reasonably requested by the Trust Administrator to provide the reports required by Section 4.03(a) as to the accompanying remittance and the period ending on the close of business on the last Business Day of the immediately preceding month (the "Servicer Remittance Report"). The Servicer shall furnish to the Trust Administrator an individual loan accounting report, as of the last Business Day of each month, to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, the corresponding individual loan accounting report (in electronic format) shall be received by the Trust Administrator no later than the Reporting Date, which report shall contain the following:
(i) with respect to each Scheduled Payment, the amount of such remittance allocable to principal (including a separate breakdown of any Principal Prepayment, including the date of such prepayment, and any Prepayment Premiums, along with a detailed report of interest on principal prepayment amounts remitted in accordance with Section 3.25);
(ii) with respect to each Scheduled Payment, the amount of such remittance allocable to interest;
(iii) the amount of servicing compensation received by the Servicer during the prior distribution period; Fremont 2005-A Pooling & Servicing Agreement 109
(iv) the individual and aggregate Stated Principal Balance of the Mortgage Loans;
(v) the aggregate of any expenses reimbursed to the Servicer during the prior distribution period pursuant to Section 3.11;
(vi) the number and aggregate outstanding principal balances of Mortgage Loans (a) delinquent (1) 31 to 60 days, (2) 61 to 90 days, or (3) 91 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired;
(vii) each Mortgage Loan which has been altered, modified or varied during such month, and the reason for such modification (i.e., extension of maturity date, Mortgage Interest Rate);
(viii) with respect to each Mortgage Loan, the amount of any Realized Losses for such Mortgage Loan; and
(ix) any other information reasonably required by the Trust Administrator to enable it to prepare the monthly statement referred to in Section 4.03(a).
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Fremont Mortgage Securities Corp)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage i for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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)(iia)(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 (IndyMac Indx Mortgage Loan Trust 2004-Ar15)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee Trust Administrator shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇each Certificateholder, ▇▇▇ the Servicer, the Master Servicer and Servicer, the Trustee, the Depositor and each Rating Agency a statement for setting forth the following with respect to the related distribution ofMortgage Loan Pool and with respect to the related distribution:
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any Class Unpaid Interest Amounts included in the such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution, any Net WAC Rate Carryover Amount for such Distribution Date and the distributionamount of all Net WAC Rate Carryover Amount covered by withdrawals from the Net WAC Rate Carryover Reserve Account on such Distribution Date;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall thereof as between principal and interest, including any Net WAC Rate Carryover Amount not covered by amounts in the Net WAC Rate Carryover Reserve Account;
(iv) the Class Certificate Principal Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on the such Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or any Subservicer (with respect to the Subservicers, in the aggregate) and with respect to such Distribution Date;
(vii) the amounts amount of any additional servicing compensation received the Master Servicing Fees to be paid to or retained by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as amount of the day before Custodial Fee, if any, to be paid to or retained by the preceding Trust Administrator with respect to such Distribution Date;
(ix) the Pass-Through Rate for each such Class of Certificates, if adjusted from the date of the last monthly statement, expected Certificates with respect to be applicable on the next such Distribution Date;
(x) the amount of P&I Advances included in the distribution on the such Distribution Date and the aggregate amount of P&I Advances reported by the Servicer as outstanding as of the close of business on the Determination Date immediately preceding such Distribution Date;; Fremont 2006-B Pooling & Servicing Agreement
(xi) the number and aggregate outstanding principal amounts balances of Mortgage Loans in each Loan Group and in the aggregate (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 as to 30 which the Scheduled Payment is delinquent 31 to 60 days, 61 to 90 days and 91 or more days, (2) 31 to 60 daysthat have become REO Property, (3) 61 to 90 days, that are in foreclosure and (4) 91 or more days and (B) that are in foreclosure and delinquent (1) 1 to 30 daysbankruptcy, (2) 31 to 60 days, (3) 61 to 90 days, and (4) 91 or more days, in each case as of the close of business on the last day Business Day of the calendar month immediately preceding the Distribution Datemonth;
(xii) for 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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates in each such month and
and (B) delinquent 60 days or more on each of the Due Dates in each such month;
(xiii) with respect to any all Mortgage Loan Loans that became an REO Property Properties during the preceding calendar month, the loan aggregate number of such Mortgage Loans and the aggregate Stated Principal Balance of the such Mortgage Loan Loans as of the close of business on the Determination Date preceding the such Distribution Date and on the date of acquisition thereof;
(xiv) 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 the such Distribution Date;
(xv) each Senior Prepayment Percentage whether a Trigger Event has occurred and Subordinated Prepayment Percentage for such Distribution Dateis continuing (including the calculation thereof and the aggregate outstanding balance of all 60+ Day Delinquent Mortgage Loans);
(xvi) the amount on deposit in the Net WAC Rate Carryover Reserve Account (after giving effect to distributions on such Distribution Date);
(xvii) the aggregate amount of Applied Realized Losses in each Loan Group and in the aggregate Loss Amounts incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Applied Realized Losses Loss Amounts through such Distribution Date;
(xviixviii) the Special Hazard amount of any Net Monthly Excess Cash Flow on such Distribution Date and the allocation thereof to the Certificateholders with respect to Applied Realized Loss Coverage Amount, Amounts and Unpaid Interest Amounts;
(xix) the Fraud Loss Coverage Overcollateralized Amount and Overcollateralization Target Amount;
(xx) Prepayment Premiums collected by the Bankruptcy Loss Coverage AmountServicer;
(xxi) the Net Swap Payments, in each case as of the related Determination if any, for such Distribution Date; and
(xviiixxii) the amount distributed on the Class C Certificates (with respect to the second Distribution DatePool I Mortgage Loans) and the Class SL-C Certificates (with respect to the Pool II Mortgage Loans). Fremont 2006-B Pooling & Servicing Agreement
(b) The Trust Administrator’s responsibility for providing the above statement to the Certificateholders, each Rating Agency, the number Servicer, the Master Servicer, the Originator and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders Depositor is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the Pool I Swap Provider and the Pool II Swap Provider. The Trust Administrator will make the above statement available via the Trust Administrator’s internet website. The Trust Administrator’s website will initially be located at h▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇▇ and assistance in using the website can be obtained by calling the Trust Administrator’s customer service desk at 1-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the manner in which the above statement is distributed in order to make such distribution more convenient and/or more accessible, and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties hereto regarding any such changes. The Trust Administrator shall also be entitled to rely on, but shall not be responsible for the content or accuracy of, any information provided by the Servicer for purposes of preparing the above statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). Upon written request from any Certificateholder, the Trust Administrator shall provide the information provided for in Sections 4.03(d) to such Certificateholder, at the expense of the requesting Certificateholder. The Trust Administrator’s responsibility for providing the information provided for in Sections 4.03(d) to the Certificateholders is limited to the availability and timeliness of the information provided by the Servicer. By each Determination Date the Master Servicer The Trust Administrator shall provide to the Trustee in electronic form the information needed provided for in Sections 4.03(d) in the same format as received from the Servicer upon request by the Certificateholders. The Trust Administrator shall have no duty or obligation to determine the distributions to be made monitor, review or take any action regarding such information received pursuant to Section 4.02 and any 4.03(d) other information on which than forwarding copies to Certificateholders. The Trust Administrator shall have no liability for the Master Servicer and the Trustee mutually agreeaccuracy, completeness or otherwise for such information.
(b) 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 V.
(c) Within Upon request, within a reasonable period of time after the end of each calendar year, the Trustee Trust Administrator 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) and (a)(ii) 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 Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee Trust Administrator pursuant to any requirements of the Code as are from time to time in effect.
(d) Not later than the Reporting Date, the Servicer shall furnish to the Trust Administrator and the Master Servicer a monthly remittance advice statement (in a format mutually agreed upon by the Servicer and the Trust Administrator) containing such information as shall be reasonably requested by the Trust Administrator to provide the reports required by Section 4.03(a) as to the accompanying remittance and the period ending on the close of business on the last Business Day of the immediately preceding month (the “Servicer Remittance Report”). Fremont 2006-B Pooling & Servicing Agreement The Servicer shall furnish to the Trust Administrator an individual loan accounting report, as of the last Business Day of each month, to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, the corresponding individual loan accounting report (in electronic format) shall be received by the Trust Administrator no later than the Reporting Date, which report shall contain the following:
(i) with respect to each Scheduled Payment, the amount of such remittance allocable to principal (including a separate breakdown of any Principal Prepayment, including the date of such prepayment, and any Prepayment Premiums, along with a detailed report of interest on principal prepayment amounts remitted in accordance with Section 3.25);
(ii) with respect to each Scheduled Payment, the amount of such remittance allocable to interest;
(iii) the amount of servicing compensation received by the Servicer during the prior distribution period;
(iv) the individual and aggregate Stated Principal Balance of the Mortgage Loans in each Mortgage Loan Pool;
(v) the aggregate of any expenses reimbursed to the Servicer during the prior distribution period pursuant to Section 3.11;
(vi) the number and aggregate outstanding principal balances of Mortgage Loans in each Mortgage Loan Pool (a) delinquent (1) 31 to 60 days, (2) 61 to 90 days, or (3) 91 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired;
(vii) each Mortgage Loan which has been altered, modified or varied during such month, and the reason for such modification (i.e., extension of maturity date, Mortgage Interest Rate);
(viii) with respect to each Mortgage Loan, the amount of any Realized Losses for such Mortgage Loan; and
(ix) any other information reasonably required by the Trust Administrator to enable it to prepare the monthly statement referred to in Section 4.03(a).
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-B)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, .▇▇▇ to each Certificateholder, the Master Servicer Servicer, and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 (Indymac MBS Inc Residential Asset Sec Trust 2002-A10)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eaeach Certificateholder, the Service▇ ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement ment for the related distribution of:
(i) the applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Date;
(ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution on the Distribution Date;
(iii) the Servicing Fee and Trustee Fee for such Distribution Date;
(iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account;
(v) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(iivi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iiivii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest;
(ivviii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(ix) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viiix) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected with respect to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) the number of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period;
(xii) as of the last day of the related Due Period:
(A) the weighted average mortgage rate of the Mortgage Loans, and
(B) the weighted average remaining term to maturity of the Mortgage Loans;
(xiii) the number and aggregate principal amounts outstanding balance of the Mortgage Loans in each Loan Group and in as of the aggregate end of the preceding calendar month:
(A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 30 to 30 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 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 the Distribution Date;
(xiixiv) 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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates Date in each such month and
and (B) delinquent 60 sixty (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 each of the Due Dates Date in each such month;
(xiiixv) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereofDate;
(xivxvi) 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 the Distribution Date;
(xvxvii) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments;
(xviii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xix) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date;
(xx) the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans;
(xxi) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvixxii) the aggregate amount of Realized Losses in each Loan Group Senior Percentage and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through Subordinated Percentage for such Distribution Date;
(xviixxiii) 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;
(xviiixxiv) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delayed Delivery Mortgage Loans; and
(xxv) Prepayment Charges collected, waived, and paid by the Servicer. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.IV.
(c) 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)(ia)(v) and (a)(iia)(vi) 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 (IndyMac INDX Mortgage Loan Trust 2006-Ar4)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇eac▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master ▇▇ster Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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)(iia)(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 (IndyMac INDX Mortgage Loan Trust 2005-Ar15)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr cause to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇be forwarded by first class mail to each Certificateholder, ▇▇▇ Master Servicer each Servicer, the Depositor, the Credit Risk Manager, the Swap Counterparty and the Depositor each Rating Agency, a statement for based on the information provided by each Servicer pursuant to Section 4.05 herein setting forth with respect to the related distribution ofdistribution:
(i) the amount of the distribution thereof allocable to principal, separately identifying indicating the aggregate amount of any portion thereof attributable to Scheduled Payments and Principal Prepayments and Liquidation Proceeds included thereinPrepayments;
(ii) the amount of the distribution thereof allocable to interest, interest or any Class Unpaid Carryforward Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall 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 the such Distribution Date;
(v) the Pool Stated Principal Aggregate Collateral Balance and the Aggregate Collateral Group Balance for the following such Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage the Overcollateralization Amount for the following such Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by Fees, the Master Servicer or Subservicer (Excess Servicing Fee, the Trustee Fee, the Credit Risk Manager Fee and any other mortgage insurance fees, if applicable, with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each Class of LIBOR Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) Date and the Pass-Through Rate for each Class of Class A-IO Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(xix) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the last day of the calendar month preceding such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans which are delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days (to include such delinquent loans which are also in bankruptcy or foreclosure), for each Loan Group and for the Mortgage Loans in the aggregate, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) the number and aggregate principal amounts of Mortgage Loans that were in foreclosure, for each Loan Group and in for 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 daysthe aggregate, as of the close of business on the last day of the calendar month preceding the such Distribution Date;
(xii) for each the number and aggregate principal amounts 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 that were in bankruptcy, for each Loan Group and for the Mortgage Loans in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar monthaggregate, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date last day of the calendar month preceding such Distribution Date;
(xiii) the Distribution Date number and aggregate principal amounts of Mortgage Loans with respect to which Prepayment Premiums were collected and the date aggregate amount of acquisition thereofsuch Prepayment Premiums;
(xiv) the Rolling Three Month Delinquency Rate for such Distribution Date;
(xv) the total number and principal balance of any REO Properties in each Loan Group and in the aggregate (and market value, if available) ), for each Loan Group and for the Mortgage Loans in the aggregate, as of the close last day of business on the Determination Date calendar month preceding the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the total number and principal balance of any Mortgage Loans that were repurchased during the calendar month preceding such Distribution Date;
(xvii) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through included in such distribution;
(xviii) the amount on deposit in the Prefunding Account (including a breakdown of amounts released during the prior calendar month in respect of Aggregate Subsequent Transfer Amounts or amounts included in the Principal Remittance Amount on the November 2005 Distribution Date);
(xix) the weighted average term to maturity of the Mortgage Loans as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xviixx) the Special Hazard Loss Coverage Amount, portion of any distribution to the Fraud Loss Coverage Amount and Class A Certificateholders constituting an Insured Payment for such Distribution Date;
(xxi) the Bankruptcy Loss Coverage Amount, amount on deposit in each case the Capitalized Interest Account (including a breakdown of amounts released for the calendar month preceding such Distribution Date);
(xxii) the gross weighted average coupon of the Mortgage Loans as of the related Determination first date of the applicable period for such Distribution Date;
(xxiii) the aggregate number of Mortgage Loans in the pool;
(xxiv) the Net WAC Rate;
(xxv) the Senior Enhancement Percentage;
(xxvi) any amounts deposited in the Basis Risk Reserve Fund on such Distribution Date pursuant to Section 4.02(e)(xii), and the balance of the Basis Risk Reserve Fund after all distributions have been made on such Distribution Date;
(xxvii) the amount deposited to the Supplemental Interest Account on such Distribution Date (including a breakdown of amounts withdrawn in connection with such Distribution Date);
(xxviii) reserved;
(xxix) reserved; and
(xviiixxx) with respect to all of the second Mortgage Loans, in the aggregate, and, unless otherwise stated, the related Distribution Date, for each Servicer that is servicing any of such Mortgage Loans, the number and aggregate balance Stated Principal Balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition being serviced by such Servicer as of Delay Delivery Mortgage Loanssuch Distribution Date. The Trustee's ’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master each Servicer. By On each Determination Date Distribution Date, the Master Servicer 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 in electronic form and Bloomberg. In connection with providing the information needed specified in this Section 4.04 to determine Bloomberg, the distributions to be made pursuant to Section 4.02 Trustee and any other information on which the Master Servicer and director, officer, employee or agent of the Trustee mutually agreeshall be indemnified and held harmless by DLJMC, to the extent, in the manner and subject to the limitations provided in Section 8.05. The Trustee will also make the monthly statements to Certificateholders available each month to each party referred to in this Section 4.04(a) via the Trustee’s website. The Trustee’s website can be accessed at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇/abs or at such other site as the Trustee may designate from time to time. The Trustee may fully rely upon and shall have no liability with respect to information provided by each Servicer.
(b) 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 V.
(c) 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)(iia)(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 (Home Equity Asset Trust 2005-6)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the Distribution Date;
(ii) the amount of funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution on the Distribution Date;
(iii) the Servicing Fee and the amounts of any additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(iv) the Trustee Fee for the Distribution Date;
(v) the aggregate amount of expenses paid from amounts on deposit in the Distribution Account;
(vi) the aggregate amount on deposit in the Distribution Account, as of the beginning and end of the related Due Period;
(vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(iiviii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iiiix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest;
(ivx) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date;
(xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viiixii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected with respect to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xixiii) the number and aggregate principal amounts of Mortgage Loans in each Loan Group and in the aggregate and the aggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period;
(xiv) as of the last day of the related Due Period:
(A) the weighted average mortgage rate of the Mortgage Loans in each Loan Group and in the aggregate, and
(B) the weighted average remaining term to maturity of the Mortgage Loans in each Loan Group and in the aggregate;
(xv) the number and aggregate outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group and in the aggregate as of the end of the preceding calendar month:
(A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 30 to 30 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 59 days, (2) 31 60 to 60 days, 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 the Distribution Date;
(xiixvi) 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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates Date in each such month and
and (B) delinquent 60 sixty (60) days or more on each of the Due Dates Date in each such month;
(xiiixvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereofDate;
(xivxviii) 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 the Distribution Date;
(xvxix) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments;
(xx) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xxi) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xxii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date;
(xxiii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans in each Loan Group and in the aggregate repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans;
(xxiv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such the Distribution Date;
(xvixxv) each Senior Percentage and Subordinated Percentage for the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xviixxvi) 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;
(xxvii) Hard Prepayment Charges and Soft Prepayment Charges collected, waived, and paid by the Servicer;
(xxviii) the aggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and in the aggregate that became Liquidated Mortgage Loans in the prior month and since the Cut-off Date (in each case immediately prior to the Stated Principal Balance being reduced to zero);
(xxix) the Stated Principal Balance of any Mortgage Loan that has been repurchased by the Servicer in accordance with Section 2.02, 2.03 or 3.12; and
(xviiixxx) with respect to the second Distribution Date, the number and aggregate balance Stated Principal Balance of any Delay Delivery Substitute Mortgage Loans not delivered within Loan provided by the time periods specified Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in the definition of Delay Delivery Mortgage Loansaccordance with Section 2.03. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) . 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 V.
(c) V. 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)(ivii) and (a)(iiviii) 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 (IndyMac INDX Mortgage Loan Trust 2007-Ar1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eahttps://www.corporatetrust.db.com/▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master ▇▇ster Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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)(iia)(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.. 63
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2003-A13)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eahttps://www.corporatetrust.db.com/▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) for each of the preceding 12 calendar months, or all calendar months since the Initial Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments
(A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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;
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. ; and
(xix) the remaining Pre-Funding Amount.
(b) The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(bc) 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 V.
(cd) 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)(iia)(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 (Residential Asset Securitization Trust 2003-A12)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr cause to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇be forwarded by first class mail to each Certificateholder, ▇▇▇ Master Servicer each Servicer, the Depositor, the Credit Risk Manager and the Depositor each Rating Agency, a statement for based on the information provided by each Servicer pursuant to Section 4.05 herein setting forth with respect to the related distribution ofdistribution:
(i) the amount of the distribution thereof allocable to principal, separately identifying indicating the aggregate amount of any portion thereof attributable to Scheduled Payments and Principal Prepayments and Liquidation Proceeds included thereinPrepayments;
(ii) the amount of the distribution thereof allocable to interest, interest or any Class Unpaid Carryforward Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall 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 the such Distribution Date;
(v) the Pool Stated Principal Aggregate Collateral Balance and the Aggregate Collateral Group Balance for the following such Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage the Overcollateralization Amount for the following such Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by Fees, the Master Servicer or Subservicer (Excess Servicing Fee, the Trustee Fee, the Credit Risk Manager Fee and any other mortgage insurance fees, if applicable, with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each Class of LIBOR Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) Date and the Pass-Through Rate for each Class of Class A-IO Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(xix) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the last day of the calendar month preceding such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans which are delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days (to include such delinquent loans which are also in bankruptcy or foreclosure), for each Loan Group and for the Mortgage Loans in the aggregate, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) the number and aggregate principal amounts of Mortgage Loans that were in foreclosure, for each Loan Group and in for 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 daysthe aggregate, as of the close of business on the last day of the calendar month preceding the such Distribution Date;
(xii) for each the number and aggregate principal amounts 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 that were in bankruptcy, for each Loan Group and for the Mortgage Loans in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar monthaggregate, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date last day of the calendar month preceding such Distribution Date;
(xiii) the Distribution Date number and aggregate principal amounts of Mortgage Loans with respect to which Prepayment Premiums were collected and the date aggregate amount of acquisition thereofsuch Prepayment Premiums;
(xiv) the Rolling Three Month Delinquency Rate for such Distribution Date;
(xv) the total number and principal balance of any REO Properties in each Loan Group and in the aggregate (and market value, if available) ), for each Loan Group and for the Mortgage Loans in the aggregate, as of the close last day of business on the Determination Date calendar month preceding the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the total number and principal balance of any Mortgage Loans that were repurchased during the calendar month preceding such Distribution Date;
(xvii) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through included in such distribution;
(xviii) the amount on deposit in the Prefunding Account (including a breakdown of amounts released during the prior calendar month in respect of Aggregate Subsequent Transfer Amounts or amounts included in the Principal Remittance Amount on the June 2005 Distribution Date);
(xix) the weighted average term to maturity of the Mortgage Loans as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xviixx) the Special Hazard Loss Coverage Amount, portion of any distribution to the Fraud Loss Coverage Amount and Class A Certificateholders constituting an Insured Payment for such Distribution Date;
(xxi) the Bankruptcy Loss Coverage Amount, amount on deposit in each case the Capitalized Interest Account (including a breakdown of amounts released for the calendar month preceding such Distribution Date);
(xxii) the gross weighted average coupon of the Mortgage Loans as of the related Determination first date of the applicable period for such Distribution Date;
(xxiii) the aggregate number of Mortgage Loans in the pool;
(xxiv) the Net WAC Rate;
(xxv) the Senior Enhancement Percentage;
(xxvi) any amounts deposited in the Basis Risk Reserve Fund on such Distribution Date pursuant to Section 4.02(e)(xii), and the balance of the Basis Risk Reserve Fund after all distributions have been made on such Distribution Date;
(xxvii) the amount deposited to the Interest Rate Cap Accounts on such Distribution Date (including a breakdown of amounts withdrawn in connection with such Distribution Date); and
(xviiixxviii) with respect to all of the second Mortgage Loans, in the aggregate, and, unless otherwise stated, the related Distribution Date, for each Servicer that is servicing any of such Mortgage Loans, the number and aggregate balance Stated Principal Balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition being serviced by such Servicer as of Delay Delivery Mortgage Loanssuch Distribution Date. The Trustee's ’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master each Servicer. By On each Determination Date Distribution Date, the Master Servicer 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 in electronic form and Bloomberg. In connection with providing the information needed specified in this Section 4.04 to determine Bloomberg, the distributions to be made pursuant to Section 4.02 Trustee and any other information on which the Master Servicer and director, officer, employee or agent of the Trustee mutually agreeshall be indemnified and held harmless by DLJMC, to the extent, in the manner and subject to the limitations provided in Section 8.05. The Trustee will also make the monthly statements to Certificateholders available each month to each party referred to in this Section 4.04(a) via the Trustee’s website. The Trustee’s website can be accessed at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇/abs or at such other site as the Trustee may designate from time to time. The Trustee may fully rely upon and shall have no liability with respect to information provided by each Servicer.
(b) 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 V.
(c) 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)(iia)(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 (Home Equity Asset Trust 2005-2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eahttps://www.corporatetrust.db.com/▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such the following Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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;
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. ; and
(xix) the remaining Pre-Funding Amount.
(b) The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(bc) 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 V.V hereto.
(cd) 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)(iia)(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 (Indymac MBS Inc Res Asset Sec Trust 2002-A15)
Monthly Statements to Certificateholders. (a) Not later than two (2) Business Days prior to each Distribution Date, the Trustee Trust Administrator shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇each Certificateholder, ▇▇▇ Master Servicer and the Servicer, the Trustee, the Depositor and any other interested parties a statement for based solely on information provided by the Servicer setting forth the following information with respect to the related distribution of:(in the case of information furnished pursuant to (i), (ii) and (vii) below, the amounts shall be expressed as a dollar amount per minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in the such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Certificate Principal Balance or Notional Amount of each Class of Certificates Certificates, after giving effect to the distribution of principal on the such Distribution Date;
(v) the Pool Stated Principal Balance for the following on such Distribution Date;
(vi) each the Pro Rata Senior Percentage, the Senior Percentage and each Subordinated Junior Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the such Distribution Date;
(xix) 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, 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 the such Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiiixi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Scheduled Principal Balance of the such Mortgage Loan as of the close of business on the Determination Date last day of the month preceding the such Distribution Date and the date of acquisition thereof;
(xivxii) 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 last day of the month preceding the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvixiii) the Senior Prepayment Percentage and the Junior Prepayment Percentage for the following Distribution Date;
(xiv) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;month; and
(xviixv) 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 the Junior Percentage as of such Distribution Date; and.
(xviiib) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The TrusteeTrust Administrator's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from provided by the Master Servicer. By The Trust Administrator will make a copy of each Determination Date statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the Master Servicer same information in an alternative format) available each month to Certificateholders, and other parties to this Agreement via the Trust Administrator's internet website located at "w▇▇.▇▇▇▇▇▇▇.▇▇▇". Assistance in using the internet website can be obtained by calling the Trust Administrator's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator with the consent of the Trustee, which consent shall not be unreasonably withheld, shall have the right to change the way the Monthly Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Trustee Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Monthly Statement and may affix thereto any disclaimer it deems appropriate in electronic form its reasonable discretion (without suggesting liability on the information needed to determine the distributions to be made pursuant to Section 4.02 and part of any other information on which party hereto). As a condition to access the Master Servicer Trust Administrator's internet website, the Trust Administrator may require registration and the Trustee mutually agreeacceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(bc) 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, or if such day is not a Business Day prior to the related Distribution Date)Day, the Master preceding Business Day, the Servicer shall deliver to the Trustee Trust Administrator (which delivery may be by electronic data transmission) a report in substantially a form mutually agreeable by the form set forth as Schedule V.Servicer and the Trust Administrator. In addition, the Servicer shall make available to the Trust Administrator upon request any other information in its possession reasonably necessary for the Trust Administrator to prepare the Monthly Statement.
(cd) Within a reasonable period of time after the end of each calendar year, the Trustee Trust Administrator shall cause to be furnished upon request 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)(iia)(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 Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mastr Adjustable Rate Mortgages Trust 2001-1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇each Certificateholder, ▇▇▇ the Master Servicer Servicer, the Certificate Insurer and the Depositor a statement for setting forth with respect to the related distribution ofdistribution:
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any Interest Carryover Amount for any Class Unpaid Interest Amounts included in the such distribution and any remaining Interest Carryover Amount for any Class Unpaid Interest Amounts after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall 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 the such Distribution Date;
(v) the Pool Stated Principal Balance for the following with respect to such Distribution Date;
(vi) each Senior Percentage the Extra Principal Distribution Amount, the Overcollateralization Amount and each Subordinated Percentage for the following Distribution Dateany Overcollateralization Deficiency;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the such Distribution Date;
(xix) 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 30 to 30 days, 59 days (2) 31 60 to 60 days, 89 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 the such Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiiixi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the such Mortgage Loan as of the close of business on the Determination Date preceding the such Distribution Date and the date of acquisition thereof;
(xivxii) 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 the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvixiii) the aggregate amount of Realized Losses in each Loan Group Net WAC Carryover paid and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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 Dateany remaining Net WAC Carryover ; and
(xviiixiv) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified amount remaining on deposit in the definition of Delay Delivery Mortgage Loans. Reserve 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 derived from provided by the Master Servicer. By The Trustee will make a copy of each Determination Date statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the Master Servicer same information in an alternative format) available each month to Certificateholders, each Rating Agency and other parties to this Agreement via the Trustee's internet website. The Trustee's internet website shall provide initially be located at "WWW.CTSLINK.COM". Assi▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ the website can be obtained by calling the Trustee's customer service desk at (301) 815-6600. Partie▇ ▇▇▇▇ ▇▇▇ ▇▇▇ble 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 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 above parties and the Trustee mutually agreeshall provide timely and adequate notification to all above parties and Certificateholders regarding any such changes.
(bc) 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 Determination 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 V.V hereto.
(cd) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished furnished, electronically or otherwise, 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)(iia)(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.
(e) The Trustee shall deliver to Bloomberg Financial Markets, 100 Business Park Driv▇, ▇.▇. ▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇dary market facilitators designated by the Depositor on each Distribution Date a computer-readable tape, or other mutually agreed upon electronic media, containing the information also set forth in Schedule V hereto as provided by the Master Servicer to the Trustee.
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 make available to each Certificateholder, the Servicer, the Depositor, the Swap Provider, the NIMS Insurer and each Rating Agency on its Internet website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Date;
(ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans, the amount of Advances included in the distribution on the Distribution Date, the amount of any Net Swap Payment to the Supplemental Interest Trust from the Swap Provider and any Swap Termination Payment to the Supplemental Interest Trust from the Swap Provider;
(iii) the Servicing Fee and Trustee Fee for such Distribution Date;
(iv) the amount of any Net Swap Payment from the Supplemental Interest Trust to the Swap Provider and any Swap Termination Payment from the Supplemental Interest Trust to the Swap Provider;
(v) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account;
(vi) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(iivii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution, any Net WAC Cap Carry Forward Amount for the Distribution Date, and the amount of all Net WAC Cap Carry Forward Amounts covered by withdrawals from the Excess Reserve Fund Account on the Distribution Date;
(iiiviii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest, including any Net WAC Cap Carry Forward Amount not covered by amounts in the Excess Reserve Fund Account;
(ivix) the amount of any Total Monthly Excess Spread on the Distribution Date and the allocation thereof to the Certificateholders with respect to Unpaid Realized Loss Amounts and Unpaid Interest Amounts;
(x) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viiixi) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected with respect to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xixii) the amount on deposit in the Certificate Account and Excess Reserve Fund Account (before and after giving effect to distributions on the Distribution Account Deposit Date and Distribution Date, respectively);
(xiii) the number of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Remittance Period and the last day of the related Remittance Period;
(xiv) as of the last day of the related Remittance Period (a) the weighted average mortgage rate of the Mortgage Loans and (b) the weighted average remaining term to maturity of the Mortgage Loans;
(xv) the number and aggregate principal amounts outstanding balance of the Mortgage Loans in each Loan Group and in as of the aggregate end of the preceding calendar month (Aa) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 30 to 30 59 days, (2) 31 60 to 60 days, 89 days and (3) 61 to 90 days, and (4) 91 or more days and (Bb) in foreclosure and delinquent (1) 1 30 to 30 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 the Distribution Date;
(xiixvi) 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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates Date in each such month and
and (B) delinquent 60 sixty (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 each of the Due Dates Date in each such month;
(xiiixvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xivxviii) 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 the Distribution Date;
(xvxix) each Senior the aggregate amount of Principal Prepayments received during the related Prepayment Percentage Period and Subordinated Prepayment Percentage the number of Mortgage Loans subject to such Principal Prepayments;
(xx) the aggregate amount of Advances reimbursed during the related Remittance Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xvixxi) the aggregate amount of Realized Losses in each Loan Group Servicing Advances reimbursed during the related Remittance Period, the general source of funds for such reimbursements and in the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date;
(xxii) the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Remittance Period due to material breaches of representations and warranties regarding such Mortgage Loans;
(xxiii) whether a Trigger Event is in effect separately identifying the components thereof;
(xxiv) the aggregate amount of Applied Realized Loss Amounts incurred and Subsequent Recoveries, if any, received during the preceding calendar month and the aggregate Unpaid Realized Losses Loss Amount through such the Distribution Date;
(xvii) 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
(xviiixxv) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delayed Delivery Mortgage Loans;
(xxvi) the Overcollateralization Amount for such Distribution Date and the Overcollateralization Target Amount for such Distribution Date;
(xxvii) Prepayment Charges collected, waived, and paid by the Servicer;
(xxviii) the amount on deposit in the Interest Coverage Accounts; and
(xxix) for the distribution occurring on the Distribution Date immediately following the end of the Funding Period, the balance on deposit in the Group I Pre-Funding Account and/or the Group II Pre-Funding Account that has not been used to purchase Subsequent Mortgage Loans and that is being distributed to the Certificateholders on such Distribution Date. For the purposes of determining delinquency periods in reporting under (ix) above, for any Monthly Statement, a Mortgage Loan’s delinquency period shall be determined as of the Due Date falling in the 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 December Monthly Statement a Mortgage Loan whose November Due Date payment has not been paid by the December Due Date is not delinquent. On the day after the December Due Date, such Mortgage Loan would be one day delinquent. A Mortgage Loan whose November Due Date payment has not been paid by the December Due Date is 30 days past due as of the December Due Date, and would be reported as such in the December Monthly Statement. For all purposes of this Agreement, with respect to any Mortgage Loan, delinquencies shall be determined and reported based on the so-called “OTS” methodology for determining delinquencies on mortgage loans similar to the Mortgage Loans. By way of example, a Mortgage Loan would be delinquent with respect to a Monthly Payment due on a Due Date if such Monthly Payment is not made by the close of business on the Mortgage Loan’s next succeeding Due Date, and a Mortgage Loan would be more than 30-days Delinquent with respect to such Monthly Payment if such Monthly Payment were not made by the close of business on the Mortgage Loan’s second succeeding Due Date. The Servicer hereby represents and warrants to the Depositor that this delinquency recognition policy is not less restrictive than any delinquency recognition policy established by the primary safety and soundness regulator, if any, of the Servicer. If the statement is not accessible to any of the Certificateholders, the Servicer, the Depositor, the NIMS Insurer or any Rating Agency on the Trustee's ’s Internet website, the Trustee shall forward a hard copy of it to each Certificateholder, the Servicer, the Depositor, the NIMS 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 where the statement will be accessible is ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr. Assistance in using the Trustee’s Internet website may be obtained by calling the Trustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. The Trustee shall notify each Certificateholder, the Servicer, the Depositor, the NIMS 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 preparing and 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 Servicer. By each Determination Date 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 on which that the Master Servicer and the Trustee mutually agree.
(b) 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), including, without limitation, the Master Servicer shall deliver amount on deposit in the Certificate Account (before and after giving effect to remittances to the Trustee (which delivery may be by electronic data transmissionon the Distribution Account Deposit Date) a report and the aggregate amount of expenses paid from amounts on deposit in substantially the form set forth as Schedule V.Certificate Account.
(c) 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) and (a)(ii) (with respect to principal and interest distributed) of this Section 4.06 4.03 aggregated for such the calendar year or the 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 NIMS Insurer, a statement containing the information in clauses (a)(i) and (a)(ii) (with respect to principal and interest distributed) 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
Sources: Pooling and Servicing Agreement (Home Equity Mortgage Loan Asset Backed Trust, Series INABS 2007-A)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eaeach Certificateholder, the Master S▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a ▇ statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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)(iia)(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 (Indymac RAST 2004-A10)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) the total number and principal balance of any REO Properties (and market value, if available) in each Loan Group and in the aggregate (and market value, if available) as of the close of business on the Determination Date preceding the Distribution Date;
(xv) each Senior Prepayment Percentage and the Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses incurred in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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;
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans; and
(xix) the amount paid to the Class 1-A-1 and Class 1-A-B Certificates from the related Yield Maintenance Reserve Fund pursuant to the related Yield Maintenance Agreement. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 72 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 (IndyMac RAST 2005-A13)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ each Certificateholder, the Certifi▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇ Master Servicer ▇▇▇▇▇▇▇▇ and the Depositor a statement for the related distribution of:
(i) the applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the Distribution Date;
(ii) the amount of funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution on the Distribution Date;
(iii) the Servicing Fee and the amounts of any additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for primary mortgage guaranty insurance;
(iv) the Trustee Fee for the Distribution Date;
(v) the aggregate amount of expenses paid from amounts on deposit in the Distribution Account;
(vi) the aggregate amount on deposit in the Distribution Account and Carryover Reserve Fund, as of the beginning and end of the related Due Period;
(vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any scheduled principal, Net Prepayments, Principal Prepayments in Full, partial Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iiiviii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest;
(ivix) the aggregate outstanding Interest Carry Forward Amount, Net Prepayment Interest Shortfalls, Net Rate Carryover and unpaid Net Rate Carryover for each applicable Class of Certificates, after giving effect to the distributions made on that Distribution Date.
(x) the Interest Remittance Amount, the Principal Remittance Amount, the Senior Principal Distribution Amount and the Overcollateralization Release Amount applicable to that Distribution Date;
(xi) the Overcollateralized Amount, after giving effect to distributions made on that Distribution Date;
(xii) the amount of any Overcollateralization Deficiency Amount, after giving effect to distributions made on that Distribution Date;
(xiii) whether a Trigger Event is in effect for that Distribution Date;
(xiv) the aggregate amount of Applied Realized Loss Amounts and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date;
(xv) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viiixvi) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected with respect to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xixvii) the LIBOR rate and MTA rate applicable for that Distribution Date;
(xviii) the number and aggregate principal amounts Stated Principal Balance of the Mortgage Loans in each Loan Group as the first day of the related Due Period and in the last day of the related Due Period;
(xix) as of the last day of the related Due Period:
(A) the weighted average mortgage rate of the Mortgage Loans, and
(B) the weighted average remaining term to maturity of the Mortgage Loans;
(xx) the number and aggregate outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month:
(A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 30 to 30 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 59 days, (2) 31 60 to 60 days, 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 the Distribution Date;
(xiixxi) 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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates Date in each such month and
and (B) delinquent 60 sixty (60) days or more on each of the Due Dates Date in each such month;
(xiiixxii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereofDate;
(xivxxiii) 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 the Distribution Date;
(xvxxiv) each Senior the aggregate amount of Principal Prepayments received during the related Prepayment Percentage Period and Subordinated Prepayment Percentage for the number of Mortgage Loans subject to such Principal Prepayments;
(xxv) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xvixxvi) the aggregate amount of Realized Losses in each Loan Group Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and in the aggregate incurred and Subsequent Recoveries, if any, received during amount of Advances outstanding as of the preceding calendar month and aggregate Realized Losses through such close of business on the Distribution Date;
(xviixxvii) the Special Hazard Loss Coverage Amountaggregate amount of Servicing Advances reimbursed during the related Due Period, the Fraud Loss Coverage Amount general source of funds for such reimbursements and the Bankruptcy Loss Coverage Amount, in each case aggregate amount of Servicing Advances outstanding as of the related Determination close of business on the Distribution Date; and;
(xviiixxviii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans;
(xxix) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delayed Delivery Mortgage Loans. The Trustee's responsibility for disbursing ;
(xxx) Prepayment Charges collected, waived, and paid by the above information Servicer;
(xxxi) the aggregate Stated Principal Balance of the Mortgage Loans that became Liquidated Mortgage Loans in the prior month and since the Cut-off Date immediately prior to the Certificateholders is limited Stated Principal Balance being reduced to zero;
(xxxii) the availability, timeliness and accuracy amount of the information derived any Net Rate Carryover from the Master ServicerCarryover Reserve Fund;
(xxxiii) the aggregate amount of Deferred Interest on the Mortgage Loans for the related Due Date, and the cumulative amount of Deferred Interest on the Mortgage Loans through that Distribution Date;
(xxxiv) the aggregate amount of Net Deferred Interest on the Mortgage Loans for that Distribution Date, and the amount allocated to each Class of Certificates on that Distribution Date and the cumulative amount of Net Deferred Interest on the Mortgage Loans allocated to each Class of Certificates through that Distribution Date;
(xxxv) the Stated Principal Balance of any Mortgage Loan that has been repurchased by the Servicer in accordance with Section 2.02, 2.03 or 3.12; and
(xxxvi) the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 (IndyMac INDX Mortgage Loan Trust 2006-Ar8)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eahttps://www.corporatetrust.db.com/▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master ▇▇ster Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any scheduled principal, Net Prepayments, Principal Prepayments in Full, partial Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest;
(iv) the Class Certificate Balance (including Component Principal Balances) or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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[reserved];
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility ;
(xix) the aggregate amount of Deferred Interest on the Mortgage Loans for disbursing the above information related Due Date, by Loan Group and in the aggregate, and the amount allocated to each Class of Certificates on such Distribution Date and the Certificateholders is limited cumulative amount of Deferred Interest on the Mortgage Loans and allocated to each Class of Certificates through such Distribution Date;
(xx) the availabilityaggregate amount of Net Deferred Interest on the Mortgage Loans for the related Due Date, timeliness by Loan Group and accuracy in the aggregate, and the amount allocated to each Class of Certificates on such Distribution Date and the cumulative amount of Net Deferred Interest on the Mortgage Loans and allocated to each Class of Certificates through such Distribution Date; and
(xxi) the aggregate Stated Principal Balance of the information derived from Mortgage Loans that became Liquidated Mortgage Loans in the Master Servicer. By prior month and since the Cut-off Date (in 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.
(b) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day case immediately prior to the related Distribution DateStated Principal Balance being reduced to zero), 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 V.
(c) 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) and (a)(ii) 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 (Indymac Index Mortgage Loan Trust 2004-Ar10)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available to each Certificateholder, the Servicer, the Depositor and each Rating Agency on its Internet website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Date;
(ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans, the amount of Advances included in the distribution on the Distribution Date, the amount of any Net Swap Payment to the Supplemental Interest Trust from the Swap Provider and any Swap Termination Payment to the Supplemental Interest Trust from the Swap Provider;
(iii) the Servicing Fee and Trustee Fee for such Distribution Date;
(iv) the amount of any Net Swap Payment from the Supplemental Interest Trust to the Swap Provider and any Swap Termination Payment from the Supplemental Interest Trust to the Swap Provider;
(v) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account;
(vi) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(iivii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution, any Net WAC Cap Carry Forward Amount for the Distribution Date, and the amount of all Net WAC Cap Carry Forward Amounts covered by withdrawals from the Excess Reserve Fund Account on the Distribution Date;
(iiiviii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest, including any Net WAC Cap Carry Forward Amount not covered by amounts in the Excess Reserve Fund Account;
(ivix) the amount of any Total Monthly Excess Spread on the Distribution Date and the allocation thereof to the Certificateholders with respect to Unpaid Realized Loss Amounts and Unpaid Interest Amounts;
(x) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viiixi) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected with respect to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xixii) the amount on deposit in the Certificate Account and Excess Reserve Fund Account (before and after giving effect to distributions on the Distribution Account Deposit Date and Distribution Date, respectively);
(xiii) the number of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Remittance Period and the last day of the related Remittance Period;
(xiv) as of the last day of the related Remittance Period, (a) the weighted average mortgage rate of the Mortgage Loans, and (b) the weighted average remaining term to maturity of the Mortgage Loans;
(xv) the number and aggregate principal amounts outstanding balance of the Mortgage Loans in each Loan Group and in as of the aggregate end of the preceding calendar month (Aa) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 30 to 30 59 days, (2) 31 60 to 60 days, 89 days and (3) 61 to 90 days, and (4) 91 or more days and (Bb) in foreclosure and delinquent (1) 1 30 to 30 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 the Distribution Date;
(xiixvi) 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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates Date in each such month and
and (B) delinquent 60 sixty (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 each of the Due Dates Date in each such month;
(xiiixvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xivxviii) 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 the Distribution Date;
(xvxix) each Senior the aggregate amount of Principal Prepayments received during the related Prepayment Percentage Period and Subordinated Prepayment Percentage the number of Mortgage Loans subject to such Principal Prepayments;
(xx) the aggregate amount of Advances reimbursed during the related Remittance Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xvixxi) the aggregate amount of Realized Losses in each Loan Group Servicing Advances reimbursed during the related Remittance Period, the general source of funds for such reimbursements and in the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date;
(xxii) the amount of any Charge-off Amounts during the prior calendar month and since the Cut-off Date;
(xxiii) the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Remittance Period due to material breaches of representations and warranties regarding such Mortgage Loans;
(xxiv) whether a Trigger Event is in effect separately identifying the components thereof;
(xxv) the aggregate amount of Applied Realized Loss Amounts incurred and Subsequent Recoveries, if any, received during the preceding calendar month and the aggregate Unpaid Realized Losses Loss Amount through such the Distribution Date;
(xvii) 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
(xviiixxvi) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delayed Delivery Mortgage Loans;
(xxvii) the Overcollateralization Amount for such Distribution Date and the Overcollateralization Target Amount for such Distribution Date; and
(xxviii) Prepayment Charges collected, waived, and paid by the Servicer; For the purposes of determining delinquency periods in reporting under (ix) above, for any Monthly Statement, a Mortgage Loan’s delinquency period shall be determined as of the Due Date falling in the 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 December Monthly Statement a Mortgage Loan whose November Due Date payment has not been paid by the December Due Date is not delinquent. On the day after the December Due Date, such Mortgage Loan would be one day delinquent. A Mortgage Loan whose November Due Date payment has not been paid by the December Due Date is 30 days past due as of the December Due Date, and would be reported as such in the December Monthly Statement. If the statement is not accessible to any of the Certificateholders, the Servicer, the Depositor or any Rating Agency on the Trustee’s Internet website, the Trustee shall forward a hard copy of it to each Certificateholder, the Servicer, the Depositor 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 ’s Internet website where the statement will be accessible is h▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/▇▇▇▇. Assistance in using the Trustee’s Internet website may be obtained by calling the Trustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. The Trustee shall notify each Certificateholder, the Servicer, the Depositor 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 preparing and 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 Servicer. By each Determination Date 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 on which that the Master Servicer and the Trustee mutually agree.
(b) 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), including, without limitation, the Master Servicer shall deliver amount on deposit in the Certificate Account (before and after giving effect to remittances to the Trustee (which delivery may be by electronic data transmissionon the Distribution Account Deposit Date) a report and the aggregate amount of expenses paid from amounts on deposit in substantially the form set forth as Schedule V.Certificate Account.
(c) 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) and (a)(ii) (with respect to principal and interest distributed) of this Section 4.06 4.03 aggregated for such the calendar year or the applicable portion thereof during which such the Person was a Certificateholder. Such 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. For all purposes of this Agreement, with respect to any Mortgage Loan, delinquencies shall be determined and reported based on the “OTS” methodology for determining delinquencies on mortgage loans similar to the Mortgage Loans. By way of example, a Mortgage Loan would be delinquent with respect to a Monthly Payment due on a Due Date if such Monthly Payment is not made by the close of business on the Mortgage Loan’s next succeeding Due Date, and a Mortgage Loan would be more than 30-days Delinquent with respect to such Monthly Payment if such Monthly Payment were not made by the close of business on the Mortgage Loan’s second succeeding Due Date. The Servicer hereby represents and warrants to the Depositor that this delinquency recognition policy is not less restrictive than any delinquency recognition policy established by the primary safety and soundness regulator, if any, of the Servicer.
Appears in 1 contract
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ each ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer ▇▇▇vicer and the Depositor a statement for the related distribution of:
(i) the applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the Distribution Date;
(ii) the amount of funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution on the Distribution Date;
(iii) the Servicing Fee and the amounts of any additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for primary mortgage guaranty insurance;
(iv) the Trustee Fee for the Distribution Date;
(v) the aggregate amount of expenses paid from amounts on deposit in the Distribution Account;
(vi) the aggregate amount on deposit in the Distribution Account, Supplemental Interest Reserve Fund and Carryover Reserve Fund, as of the beginning and end of the related Due Period;
(vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(iiviii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iiiix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest;
(ivx) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date;
(xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viiixii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected with respect to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xixiii) the LIBOR rate applicable for that Distribution Date;
(xiv) the number and aggregate principal amounts of Mortgage Loans in each Loan Group and in the aggregate and the aggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period;
(xv) as of the last day of the related Due Period:
(A) the weighted average mortgage rate of the Mortgage Loans in each Loan Group and in the aggregate, and
(B) the weighted average remaining term to maturity of the Mortgage Loans in each Loan Group and in the aggregate;
(xvi) the number and aggregate outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group and in the related Aggregate Loan Group as of the end of the preceding calendar month:
(A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 30 to 30 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 59 days, (2) 31 60 to 60 days, 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 the Distribution Date;
(xiixvii) 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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates Date in each such month and
and (B) delinquent 60 sixty (60) days or more on each of the Due Dates Date in each such month;
(xiiixviii) with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loan not delivered within the time periods specified in the definition of Delayed Delivery 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 the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereofDate;
(xivxx) 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 the Distribution Date;
(xvxxi) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments;
(xxii) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xxiii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xxiv) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date;
(xxv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans in each Loan Group and in the aggregate repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans;
(xxvi) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such the Distribution Date;
(xvixxvii) each Senior Percentage and Subordinated Percentage for the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xviixxviii) the each Special Hazard Loss Coverage Amount, the each Fraud Loss Coverage Amount and the each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xxix) Hard Prepayment Charges and Soft Prepayment Charges collected, waived, and paid by the Servicer;
(xxx) the aggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and in the aggregate that became Liquidated Mortgage Loans in the prior month and since the Cut-off Date (in each case immediately prior to the Stated Principal Balance being reduced to zero);
(xxxi) the amount of any payments made by the Cap Counterparty to the Trust Fund under the Corridor Contract;
(xxxii) the amount of any Net WAC Carryover Amounts from the Carryover Reserve Fund;
(xxxiii) the Stated Principal Balance of any Mortgage Loan that has been repurchased by the Servicer in accordance with Section 2.02, 2.03 or 3.12; and
(xviiixxxiv) with respect to the second Distribution Date, the number and aggregate balance Stated Principal Balance of any Delay Delivery Substitute Mortgage Loans not delivered within Loan provided by the time periods specified Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Serviceraccordance with Section 2.03. 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.
(b) 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 V.
(c) 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)(ia)(vii) and (a)(iia)(viii) 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 (IndyMac INDX Mortgage Loan Trust 2006-Ar19)
Monthly Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trustee and not later than each Distribution Date, the Trustee Master Servicer shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇each Certificateholder, ▇▇▇ Master Servicer and the Depositor and any other interested parties a statement for based in part on information provided by each Servicer setting forth the following information with respect to the related distribution of:(in the case of information furnished pursuant to (i), (ii) and (vii) below, the amounts shall be expressed as a dollar amount per minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any unpaid Class Unpaid Interest Amounts Shortfall included in the such distribution and any remaining unpaid Class Unpaid Interest Amounts Shortfall after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Certificate Principal Balance or Notional Amount of each Class of Certificates Certificates, after giving effect to the distribution of principal on the such Distribution Date;
(v) the Group Pool Stated Principal Balance for the following each Loan Group on such Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution DateJunior Percentage;
(vii) the amount of the Servicing Fees paid to or retained by the and Master Servicer or Subservicer (Servicing Fees with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the such Distribution Date;
(xix) 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, 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 the such Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiiixi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Scheduled Principal Balance of the such Mortgage Loan as of the close of business on the Determination Date last Business Day of the calendar month preceding the such Distribution Date and the date of acquisition thereof;
(xivxii) 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 last Business Day of the calendar month preceding the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvixiii) the Senior Prepayment Percentage;
(xiv) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Datemonth;
(xviixv) 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;
(xviiib) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's Master Servicer’s responsibility for disbursing the above information to the Trustee, Depositor, Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information derived from provided by each Servicer. The Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and other interested parties, and other parties to this Agreement via the Master Servicer’s internet website located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇”. By each Determination Date Assistance in using the internet website can be obtained by calling the Master Servicer’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Master Servicer shall have the right to change the way the distribution date statement is distributed in order to make such distribution more convenient and/or more accessible and the Master Servicer shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Monthly Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). To the extent that the Trustee in electronic form the information needed to determine the distributions receives any statement required to be made provided to it by the Master Servicer pursuant to Section 4.02 4.04(a), the Trustee will make a copy of such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and any other information on which interested parties, and other parties to this Agreement via the Trustee’s internet website located at “▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇”. Assistance in using the internet website can be obtained by calling the Trustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. As a condition to access the Master Servicer’s internet website or the Trustee’s internet website, the Master Servicer and the Trustee mutually agree.
(b) On or before may require registration and the fifth Business Day following the end acceptance of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), a disclaimer. Neither the Master Servicer shall deliver to nor the Trustee (which delivery may will be by electronic data transmission) a report liable for the dissemination of information in substantially the form set forth as Schedule V.accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, based solely upon, and to the extent of, information provided to it by the Master Servicer pursuant to Section 4.04(a), 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 containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(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 (Mortgage Asset Sec Trans Inc Mort Pass THR Cert Ser 2002-8)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eahttps://www.corporatetrust.db.com/▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master ▇▇ster Servicer and the Depositor a statement for the related distribution ofof the following for each Certificate Group:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each the Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) with respect to the related Loan Group and 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) with respect to the related Loan Group, 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) with respect to the related Loan Group, the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) with respect to the related Loan Group, 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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)(iia)(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 (Indymac MBS Inc Residential Asset Sec Trust 2004 A2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr cause to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇be forwarded by first class mail to each Certificateholder, ▇▇▇ Master Servicer each Servicer, the Depositor, the Credit Risk Manager, the Swap Counterparty and the Depositor each Rating Agency, a statement for based on the information provided by each Servicer pursuant to Section 4.05 herein setting forth with respect to the related distribution ofdistribution:
(i) the amount of the distribution thereof allocable to principal, separately identifying indicating the aggregate amount of any portion thereof attributable to Scheduled Payments and Principal Prepayments and Liquidation Proceeds included thereinPrepayments;
(ii) the amount of the distribution thereof allocable to interest, interest or any Class Unpaid Carryforward Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall 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 the such Distribution Date;
(v) the Pool Stated Principal Aggregate Collateral Balance and the Aggregate Collateral Group Balance for the following such Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage the Overcollateralization Amount for the following such Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by Fees, the Master Servicer or Subservicer (Excess Servicing Fee, the Trustee Fee, the Credit Risk Manager Fee and any other mortgage insurance fees, if applicable, with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each Class of LIBOR Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) Date and the Pass-Through Rate for each Class of Class A-IO Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(xix) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the last day of the calendar month preceding such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans which are delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days (to include such delinquent loans which are also in bankruptcy or foreclosure), for each Loan Group and for the Mortgage Loans in the aggregate, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) the number and aggregate principal amounts of Mortgage Loans that were in foreclosure, for each Loan Group and in for 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 daysthe aggregate, as of the close of business on the last day of the calendar month preceding the such Distribution Date;
(xii) for each the number and aggregate principal amounts 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 that were in bankruptcy, for each Loan Group and for the Mortgage Loans in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar monthaggregate, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date last day of the calendar month preceding such Distribution Date;
(xiii) the Distribution Date number and aggregate principal amounts of Mortgage Loans with respect to which Prepayment Premiums were collected and the date aggregate amount of acquisition thereofsuch Prepayment Premiums;
(xiv) the Rolling Three Month Delinquency Rate for such Distribution Date;
(xv) the total number and principal balance of any REO Properties in each Loan Group and in the aggregate (and market value, if available) ), for each Loan Group and for the Mortgage Loans in the aggregate, as of the close last day of business on the Determination Date calendar month preceding the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the total number and principal balance of any Mortgage Loans that were repurchased during the calendar month preceding such Distribution Date;
(xvii) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through included in such distribution;
(xviii) the amount on deposit in the Prefunding Account (including a breakdown of amounts released during the prior calendar month in respect of Aggregate Subsequent Transfer Amounts or amounts included in the Principal Remittance Amount on the October 2005 Distribution Date);
(xix) the weighted average term to maturity of the Mortgage Loans as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xviixx) the Special Hazard Loss Coverage Amount, portion of any distribution to the Fraud Loss Coverage Amount and Class A Certificateholders constituting an Insured Payment for such Distribution Date;
(xxi) the Bankruptcy Loss Coverage Amount, amount on deposit in each case the Capitalized Interest Account (including a breakdown of amounts released for the calendar month preceding such Distribution Date);
(xxii) the gross weighted average coupon of the Mortgage Loans as of the related Determination first date of the applicable period for such Distribution Date;
(xxiii) the aggregate number of Mortgage Loans in the pool;
(xxiv) the Net WAC Rate;
(xxv) the Senior Enhancement Percentage;
(xxvi) any amounts deposited in the Basis Risk Reserve Fund on such Distribution Date pursuant to Section 4.02(e)(xii), and the balance of the Basis Risk Reserve Fund after all distributions have been made on such Distribution Date;
(xxvii) the amount deposited to the Supplemental Interest Account on such Distribution Date (including a breakdown of amounts withdrawn in connection with such Distribution Date);
(xxviii) a list indicating those Designated Mortgage Loans as to which the WFBNA Servicing Transfer Date has occurred since the previous Distribution Date;
(xxix) any remaining Designated Mortgage Loan for which the WFBNA Servicing Transfer Date has not occurred; and
(xviiixxx) with respect to all of the second Mortgage Loans, in the aggregate, and, unless otherwise stated, the related Distribution Date, for each Servicer that is servicing any of such Mortgage Loans, the number and aggregate balance Stated Principal Balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition being serviced by such Servicer as of Delay Delivery Mortgage Loanssuch Distribution Date. The Trustee's ’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from each Servicer and the Master Servicer. By On each Determination Date Distribution Date, the Master Servicer 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 in electronic form and Bloomberg. In connection with providing the information needed specified in this Section 4.04 to determine Bloomberg, the distributions to be made pursuant to Section 4.02 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 8.05. The Trustee will also make the monthly statements to Certificateholders available each month to each party referred to in this Section 4.04(a) via the Trustee’s website. The Trustee’s website can be accessed at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇/abs or at such other site as the Trustee may designate from time to time. The Trustee may fully rely upon and shall have no liability with respect to information on which the Master provided by each Servicer and the Trustee mutually agreeMaster Servicer.
(b) 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 V.
(c) 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)(iia)(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 (Home Equity Asset Trust 2005-5)
Monthly Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trustee and not later than each Distribution Date, the Trustee Master Servicer shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇each Certificateholder, ▇▇▇ Master Servicer and the Depositor and any other interested parties a statement for based in part on information provided by each Servicer setting forth the following information with respect to the related distribution of:(in the case of information furnished pursuant to (i), (ii) and (vii) below, the amounts shall be expressed as a dollar amount per minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in the such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Certificate Principal Balance or Notional Amount of each Class of Certificates Certificates, after giving effect to the distribution of principal on the such Distribution Date;
(v) the Group Pool Stated Principal Balance for the following each Loan Group on such Distribution Date;
(vi) each the Senior Percentage and each Subordinated Junior Percentage for the following Distribution Dateeach Group;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the such Distribution Date;
(xix) 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, 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 the such Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiiixi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Scheduled Principal Balance of the such Mortgage Loan as of the close of business on the Determination Date last Business Day of the calendar month preceding the such Distribution Date and the date of acquisition thereof;
(xivxii) 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 last Business Day of the calendar month preceding the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvixiii) the Senior Prepayment Percentage;
(xiv) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;month; and
(xviixv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of for such Distribution Date. Upon receipt from the related Determination Date; andMaster Servicer, the Trustee shall make such statement available on its website located at http://www.jpmorgan.com/absmbs.
(xviiib) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The TrusteeMaster Servicer's responsibility for disbursing ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ the above information to the Trustee, Depositor, Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information derived from provided by each Servicer. The Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and other interested parties, and other parties to this Agreement via the Master Servicer's internet website located at "www.ctslink.com". By each Determination Date Assistance in using the internet website can be obtai▇▇▇ ▇▇ ▇▇▇▇▇▇▇ the Master Servicer's customer service desk at (301) 815-6600. Parties that are unable to use the above distribution methods are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Master Servicer, with the consent of the Trustee, which consent shall not be unreasonably withheld, shall have the right to change the way distribution date statement is distributed in order to make such distribution more convenient and/or more accessible and the Master Servicer shall provide timely and adequate notification to the Trustee Certificateholders and the parties to this Agreement regarding any such changes. The Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Monthly Statement and may affix thereto any disclaimer it deems appropriate in electronic form its reasonable discretion (without suggesting liability on the information needed to determine the distributions to be made pursuant to Section 4.02 and part of any other information on which party hereto). As a condition to access the Master Servicer and the Trustee mutually agree.
(b) 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)Servicer's internet website, the Master Servicer shall deliver to may require registration and the Trustee (which delivery may acceptance of a disclaimer. The Master Servicer will not be by electronic data transmission) a report liable for the dissemination of information in substantially the form set forth as Schedule V.accordance with this Agreement.
(c) 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 containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(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 (Mortgage Asset Sec Trans Inc Mort Pass THR Cert Ser 2002-4)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eaeach Certificateholder, the Master Se▇▇▇▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a ▇ statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 (IndyMac RAST 2005-A5)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Date;
(ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution on the Distribution Date;
(iii) the Servicing Fee and Trustee Fee for such Distribution Date;
(iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account;
(v) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(iivi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iiivii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest;
(ivviii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(ix) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viiix) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected with respect to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) the number and aggregate principal amounts of Mortgage Loans in each Loan Group and in the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period;
(xii) as of the last day of the related Due Period:
(A) the weighted average mortgage rate of the Mortgage Loans, and
(B) the weighted average remaining term to maturity of the Mortgage Loans;
(xiii) the number and aggregate outstanding balance of the Mortgage Loans as of the end of the preceding calendar month:
(A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 30 to 30 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 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 the Distribution Date;
(xiixiv) 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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates Date in each such month and
and (B) delinquent 60 sixty (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 each of the Due Dates Date in each such month;
(xiiixv) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereofDate;
(xivxvi) 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 the Distribution Date;
(xvxvii) each Senior the aggregate amount of Principal Prepayments received during the related Prepayment Percentage Period and Subordinated Prepayment Percentage the number of Mortgage Loans subject to such Principal Prepayments;
(xviii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xvixix) the aggregate amount of Realized Losses in each Loan Group Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and in the aggregate incurred and Subsequent Recoveries, if any, received during amount of Servicing Advances outstanding as of the preceding calendar month and aggregate Realized Losses through such close of business on the Distribution Date;
(xviixx) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount aggregate number and the Bankruptcy Loss Coverage Amount, in each case as outstanding principal balance of Mortgage Loans repurchased during the related Determination Date; andDue Period due to material breaches of representations and warranties regarding such Mortgage Loans;
(xviiixxi) Deferred Interest, Net Deferred Interest and Rate Carryover for each Class of Certificates;
(xxii) Amounts due and received under the Swap Contract for the Distribution Date;
(xxiii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delayed Delivery Mortgage Loans; and
(xxiv) Prepayment Charges collected, waived, and paid by the Servicer. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.IV.
(c) 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)(ia)(v) and (a)(iia)(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.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Flx2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eahttp://www-apps.gis.deutsche-bank.▇▇▇/▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer Servicer, and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each 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 the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 (Indymac MBS Inc Res as Sec Tr 2002-A3 Mo Pa Th Ce Se 2002-C)
Monthly Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trustee and not later than each Distribution Date, the Trustee Master Servicer shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇each Certificateholder, ▇▇▇ Master Servicer and the Depositor and any other interested parties a statement for based in part on information provided by each Servicer setting forth the following information with respect to the related distribution of:(in the case of information furnished pursuant to (i), (ii) and (vii) below, the amounts shall be expressed as a dollar amount per minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in the such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Certificate Principal Balance or Notional Amount of each Class of Certificates and each Component, after giving effect to the distribution of principal on the such Distribution Date;
(v) the Group Pool Stated Principal Balance for the following each Loan Group on such Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution DateJunior Percentage;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the such Distribution Date;
(xix) 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, 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 the such Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiiixi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Scheduled Principal Balance of the such Mortgage Loan as of the close of business on the Determination Date last Business Day of the calendar month preceding the such Distribution Date and the date of acquisition thereof;
(xivxii) 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 last Business Day of the calendar month preceding the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvixiii) the Senior Prepayment Percentage;
(xiv) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;month; and
(xviixv) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 (Mortgage Asset Sec Trans Inc Mastr Asset Sec Tr 2002 5)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eahttps://www.corporatetrust.db.com/▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master ▇▇ster Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) for each of the preceding 12 calendar months, or all calendar months since the Initial Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments
(A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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;
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. ; and
(xix) the remaining Pre-Funding Amount.
(b) The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(bc) 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 V.
(cd) 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)(iia)(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 (Indymac MBS Inc Residential Asset Sec Trust 2003-A8)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee Trust Administrator shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇each Certificateholder, ▇▇▇ the Servicer, the Master Servicer and Servicer, the Trustee, the Depositor and each Rating Agency a statement for setting forth with respect to the related distribution ofdistribution:
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any Class Unpaid Interest Amounts included in the such distribution and any remaining Class Unpaid Interest Amounts after giving effect to such distribution, any Net WAC Rate Carryover Amount for such Distribution Date and the distribution;amount of all Net WAC Rate Carryover Amount covered by withdrawals from the Net WAC Rate Carryover Reserve Account on such Distribution Date; Fremont [200___-___] Pooling & Servicing Agreement
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall thereof as between principal and interest, including any Net WAC Rate Carryover Amount not covered by amounts in the Net WAC Rate Carryover Reserve Account;
(iv) the Class Certificate Balance or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on the such Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or any Subservicer (with respect to the Subservicers, in the aggregate) and with respect to such Distribution Date;
(vii) the amounts amount of any additional servicing compensation received the Master Servicing Fees to be paid to or retained by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as amount of the day before Trust Administration Fees to be paid to or retained by the preceding Trust Administrator with respect to such Distribution Date;
(ix) the Pass-Through Rate for each such Class of Certificates, if adjusted from the date of the last monthly statement, expected Certificates with respect to be applicable on the next such Distribution Date;
(x) the amount of P&I Advances included in the distribution on the such Distribution Date and the aggregate amount of P&I Advances reported by the Servicer as outstanding as of the close of business on the Determination Date immediately preceding such Distribution Date;
(xi) the number and aggregate outstanding principal amounts balances of Mortgage Loans in each Loan Group and in the aggregate (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 as to 30 which the Scheduled Payment is delinquent 31 to 60 days, 61 to 90 days and 91 or more days, (2) 31 to 60 daysthat have become REO Property, (3) 61 to 90 days, that are in foreclosure and (4) 91 or more days and (B) that are in foreclosure and delinquent (1) 1 to 30 daysbankruptcy, (2) 31 to 60 days, (3) 61 to 90 days, and (4) 91 or more days, in each case as of the close of business on the last day Business Day of the calendar month immediately preceding the Distribution Datemonth;
(xii) for 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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates in each such month and
and (B) delinquent 60 days or more on each of the Due Dates in each such month;
(xiii) with respect to any all Mortgage Loan Loans that became an REO Property Properties during the preceding calendar month, the loan aggregate number of such Mortgage Loans and the aggregate Stated Principal Balance of the such Mortgage Loan Loans as of the close of business on the Determination Date preceding the such Distribution Date and on the date of acquisition thereof;; Fremont [200___-___] Pooling & Servicing Agreement
(xiv) 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 the such Distribution Date;
(xv) each Senior Prepayment Percentage whether a Trigger Event has occurred and Subordinated Prepayment Percentage for such Distribution Dateis continuing (including the calculation thereof and the aggregate outstanding balance of all 60+ Day Delinquent Mortgage Loans);
(xvi) the amount on deposit in the Net WAC Rate Carryover Reserve Account (after giving effect to distributions on such Distribution Date);
(xvii) the aggregate amount of Applied Realized Losses in each Loan Group and in the aggregate Loss Amounts incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Applied Realized Losses Loss Amounts through such Distribution Date;
(xviixviii) the Special Hazard amount of any Net Monthly Excess Cash Flow on such Distribution Date and the allocation thereof to the Certificateholders with respect to Applied Realized Loss Coverage Amount, Amounts and Unpaid Interest Amounts;
(xix) the Fraud Loss Coverage Overcollateralized Amount and Overcollateralization Target Amount;
(xx) Prepayment Premiums collected by the Bankruptcy Loss Coverage AmountServicer;
(xxi) the YMA Payments, in each case as of the related Determination if any, for such Distribution Date; and
(xviiixxii) with respect the amount distributed on the Class C Certificates.
(b) The Trust Administrator’s responsibility for providing the above statement to the second Distribution DateCertificateholders, each Rating Agency, the number Servicer, the Master Servicer, the Originator and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders Depositor is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer. By each Determination Date The Trust Administrator will make the Master Servicer above statement available via the Trust Administrator’s internet website. The Trust Administrator’s website will initially be located at h▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇▇ and assistance in using the website can be obtained by calling the Trust Administrator’s customer service desk at 1-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the manner in which the above statement is distributed in order to make such distribution more convenient and/or more accessible, and the Trust Administrator shall provide timely and adequate notification to the Trustee Certificateholders and the parties hereto regarding any such changes. The Trust Administrator shall also be entitled to rely on, but shall not be responsible for the content or accuracy of, any information provided by the Servicer for purposes of preparing the above statement and may affix thereto any disclaimer it deems appropriate in electronic form its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement. Upon written request from any Certificateholder, the Trust Administrator shall provide the information needed provided for in Sections 4.03(d) to determine such Certificateholder, at the distributions expense of the requesting Certificateholder. The Trust Administrator’s responsibility for providing the information provided for in Sections 4.03(d) to be made the Certificateholders is limited to the availability and timeliness of the information provided by the Servicer. The Trust Administrator shall provide the information provided for in Sections 4.03(d) in the same format as received from the Servicer upon request by the Certificateholders. The Trust Administrator shall have no duty or obligation to monitor, review or take any action regarding such information received pursuant to Section 4.02 and any 4.03(d) other information on which than forwarding copies to Certificateholders. The Trust Administrator shall have no liability for the Master Servicer and the Trustee mutually agreeaccuracy, completeness or otherwise for such information.
(b) 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 V.
(c) Within Upon request, within a reasonable period of time after the end of each calendar year, the Trustee Trust Administrator 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) and (a)(ii) 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 Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee Trust Administrator pursuant to any requirements of the Code as are from time to time in effect.
(d) Not later than the Reporting Date, the Servicer shall furnish to the Trust Administrator and the Master Servicer a monthly remittance advice statement (in a format mutually agreed upon by the Servicer and the Trust Administrator) containing such information as shall be reasonably requested by the Trust Administrator to provide the reports required by Section 4.03(a) as to the accompanying remittance and the period ending on the close of business on the last Business Day of the immediately preceding month (the “Servicer Remittance Report”). The Servicer shall furnish to the Trust Administrator an individual loan accounting report, as of the last Business Day of each month, to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, the corresponding individual loan accounting report (in electronic format) shall be received by the Trust Administrator no later than the Reporting Date, which report shall contain the following:
(i) with respect to each Scheduled Payment, the amount of such remittance allocable to principal (including a separate breakdown of any Principal Prepayment, including the date of such prepayment, and any Prepayment Premiums, along with a detailed report of interest on principal prepayment amounts remitted in accordance with Section 3.25);
(ii) with respect to each Scheduled Payment, the amount of such remittance allocable to interest; Fremont [200___-___] Pooling & Servicing Agreement
(iii) the amount of servicing compensation received by the Servicer during the prior distribution period;
(iv) the individual and aggregate Stated Principal Balance of the Mortgage Loans;
(v) the aggregate of any expenses reimbursed to the Servicer during the prior distribution period pursuant to Section 3.11;
(vi) the number and aggregate outstanding principal balances of Mortgage Loans (a) delinquent (1) 31 to 60 days, (2) 61 to 90 days, or (3) 91 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired;
(vii) each Mortgage Loan which has been altered, modified or varied during such month, and the reason for such modification (i.e., extension of maturity date, Mortgage Interest Rate);
(viii) with respect to each Mortgage Loan, the amount of any Realized Losses for such Mortgage Loan; and
(ix) any other information reasonably required by the Trust Administrator to enable it to prepare the monthly statement referred to in Section 4.03(a).
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Fremont Mortgage Securities Corp)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇eac▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master ▇▇ster Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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)(iia)(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 (Indymac Indx Mortgage Loan Trust 2004-Ar11)
Monthly Statements to Certificateholders. (a) Not later than one Business Day prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trustee and not later than each Distribution Date, the Trustee Master Servicer shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇each Certificateholder, ▇▇▇ Master Servicer and the Depositor and any other interested parties a statement for statement, based solely on information provided by each Servicer, setting forth the following information with respect to the related distribution of:(in the case of information furnished pursuant to (i), (ii) and (vii) below, the amounts shall be expressed as a dollar amount per minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any Class Unpaid Interest Amounts unpaid interest from prior Distribution Dates included in the such distribution and any remaining Class Unpaid Interest Amounts unpaid interest after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Certificate Principal Balance or Notional Amount of each Class of Certificates Certificates, after giving effect to the distribution of principal on the such Distribution Date;
(v) the Pool Stated Principal Balance for the following on such Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution DateJunior Percentage;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (Servicers with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the such Distribution Date;
(xix) 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, in each case as of the close of business on the last day of the calendar month preceding the such Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xivxi) 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 last Business Day of the calendar month preceding the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvixii) the Senior Prepayment Percentage;
(xiii) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;month; and
(xviixiv) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 (Morgan Stanley Dean Witter Capital Inc Trust 2002-Wl1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇/invr to each Certificateholder, ▇▇▇ the Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) for each of the preceding 12 calendar months, or all calendar months since the Initial Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments
(A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such the following Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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;
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. ; and
(xix) the remaining Pre-Funding Amount.
(b) The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(bc) 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 V.
(cd) 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)(iia)(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 make available on its website at https://www.tss.db.com/invr cause to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇be forwarded by first class mail to each Certificateholder, ▇▇▇ the Master Servicer and the Depositor a statement for setting forth with respect to the related distribution ofdistribution:
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any Interest Carryover Amount for any Class Unpaid Interest Amounts included in the such distribution and any remaining Interest Carryover Amount for any Class Unpaid Interest Amounts after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall 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 the such Distribution Date;
(v) the Pool Stated Principal Balance for the following with respect to such Distribution Date;
(vi) each Senior Percentage the Extra Principal Distribution Amount, the Overcollateralization Amount and each Subordinated Percentage for the following Distribution Dateany Overcollateralization Deficiency;
(vii) the amount of the Master Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the such Distribution Date;
(xix) 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 30 to 30 days, 59 days (2) 31 60 to 60 days, 89 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 the such Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiiixi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the such Mortgage Loan as of the close of business on the Determination Date preceding the such Distribution Date and the date of acquisition thereof;
(xivxii) 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 the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvixiii) the aggregate amount of Applied Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through Loss Amounts for such Distribution Date;
(xvii) 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
(xviiixiv) with respect to the second Distribution Date, the number and aggregate balance existence of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. Trigger Event.
(b) The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from provided by the Master Servicer. By The Trustee will send a copy of each Determination Date the Master Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made statement provided pursuant to this Section 4.02 and any other information on which the Master Servicer and the Trustee mutually agree4.04 to each Rating Agency.
(bc) 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 Determination 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 V.V hereto.
(cd) 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)(iia)(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.
(e) In addition, the Trustee shall forward a copy of the statement required by this Section 4.04 by overnight courier or facsimile transmission (as instructed by the Depositor) on each Distribution Date to certain secondary market agents designated from time to time by the Depositor. The initial secondary market agents designated by the Depositor are TREPP, 477 ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇, ▇▇csimile number (212) ▇▇▇-▇▇▇▇, ▇▇e Bloomberg Financial Markets, 100 ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇.▇. ▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇, ▇▇csimile number (609) ▇▇▇-▇▇▇▇, ▇▇d CMO Passport. The Trustee shall deliver to Bloomberg Financial Markets, 100 ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇.▇. ▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇, ▇▇d such other secondary market facilitators designated by the Depositor on each Distribution Date a computer-readable Magnetic Tape, or other mutually agreed upon electronic media, containing the information also set forth in Schedule V hereto as provided by the Master Servicer to the Trustee. 47 52
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 make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇▇▇▇/invr to each Certificateholder, ▇▇▇ the Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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;
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans;
(xix) the amount paid to the Class A-1 and Class A-2 Certificates from the related Yield Maintenance Reserve Fund pursuant to the related Yield Maintenance Agreement; and
(xx) the amount on deposit in the Class A-2 Yield Maintenance Reserve Fund for the following Distribution Date. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 (IndyMac Residential Asset Securitization Trust 2005-A2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇eac▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer ▇▇rvicer and the Depositor a statement for the related distribution of:
(i) the applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Date;
(ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution on the Distribution Date;
(iii) the Servicing Fee and Trustee Fee for such Distribution Date;
(iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account;
(v) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(iivi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iiivii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xviiix) the Special Hazard Loss Coverage Amount, Class Certificate Balance of each Class of Certificates before and after giving effect to the Fraud Loss Coverage Amount and distribution of principal on the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Distribution Date; and;
(xviiix) the Pass-Through Rate for each Class of Certificates with respect to the second Distribution Date, ; (xi) the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within and the time periods specified in Pool Stated Principal Balance as the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy first day of the information 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 related Due Period and the Trustee mutually agree.
(b) On or before the fifth Business Day following the end last day 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 V.
(c) 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) and (a)(ii) 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.Due Period;
Appears in 1 contract
Sources: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar35)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇▇▇▇/invr to each Certificateholder, ▇▇▇ the Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and the Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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;
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans; and
(xix) the aggregate Stated Principal Balance of the Mortgage Loans that became Liquidated Mortgage Loans in the prior month and since the Cut-off Date (in each case immediately prior to the Stated Principal Balance being reduced to zero). The Trustee's ’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 (IndyMac INDB Mortgage Loan Trust 2005-1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eaat: http://www.apps.gis.deutsche-bank.▇▇▇/▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Rating Agencies, the Master Servicer Servicer, and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each 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 the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viiivii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ixviii) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(xix) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xix) 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 the Distribution Date;
(xiixi) 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 in each Loan Group and in the aggregate 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;
(xiiixii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xivxiii) 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 the Distribution Date;
(xiv) whether a Trigger Event has occurred and is continuing (including the calculation of thereof and the aggregate outstanding balance of all 60+ Day Delinquent Loans);
(xv) each Senior Prepayment Percentage the amounts on deposit in both the Carryover Reserve Fund and Subordinated Prepayment Percentage for such Net WAC Shortfall Reserve Fund (after giving effect to distributions on the Distribution Date);
(xvi) the amount received under the Yield Maintenance Agreement;
(xvii) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such the Distribution Date;
(xviixviii) the Special Hazard Loss Coverage Amount, amount of any Net Monthly Excess Cash Flow on the Fraud Loss Coverage Amount Distribution Date and the Bankruptcy Loss Coverage Amount, in each case as of allocation thereof to the related Determination Date; andCertificateholders with respect to Allocated Realized Losses and Unpaid Interest Shortfall Amounts;
(xviiixix) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. ;
(xx) the Overcollateralized Amount; and
(xxi) 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 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.
(b) 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 V.
(c) 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)(iia)(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
Sources: Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Securitizations Tr 2002-A1)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any scheduled principal, Net Prepayments, Principal Prepayments in Full, partial Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest;
(iv) the Class Certificate Balance (including Component Principal Balances) or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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[reserved];
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility ;
(xix) the aggregate amount of Deferred Interest on the Mortgage Loans for disbursing the above information related Due Date, by Loan Group and in the aggregate, and the amount allocated to each Class of Certificates on such Distribution Date and the Certificateholders is limited cumulative amount of Deferred Interest on the Mortgage Loans and allocated to each Class of Certificates through such Distribution Date;
(xx) the availabilityaggregate amount of Net Deferred Interest on the Mortgage Loans for the related Due Date, timeliness by Loan Group and accuracy in the aggregate, and the amount allocated to each Class of Certificates on such Distribution Date and the cumulative amount of Net Deferred Interest on the Mortgage Loans and allocated to each Class of Certificates through such Distribution Date; and
(xxi) the aggregate Stated Principal Balance of the information derived from Mortgage Loans that became Liquidated Mortgage Loans in the Master Servicer. By prior month and since the Cut-off Date (in 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.
(b) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day case immediately prior to the related Distribution DateStated Principal Balance being reduced to zero), 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 V.
(c) 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) and (a)(ii) 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 (IndyMac Indx Mortgage Loan Trust 2004-Ar14)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇▇▇▇/invr to each Certificateholder, ▇▇▇ the Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any scheduled principal, Net Prepayments, Principal Prepayments in Full, partial Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest;
(iv) the Class Certificate Balance (including Component Principal Balances) or Notional Amount of each Class of Certificates after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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[reserved];
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility ;
(xix) the aggregate amount of Deferred Interest on the Mortgage Loans for disbursing the above information related Due Date, by Loan Group and in the aggregate, and the cumulative amount of Deferred Interest on the Mortgage Loans through such Distribution Date;
(xx) the aggregate amount of Net Deferred Interest on the Mortgage Loans for the Distribution Date, by Loan Group and in the aggregate, and the amount allocated to each Class of Certificates on such Distribution Date and the Certificateholders is limited cumulative amount of Net Deferred Interest on the Mortgage Loans allocated to each Class of Certificates through such Distribution Date; and
(xxi) the availability, timeliness and accuracy aggregate Stated Principal Balance of the information derived from Mortgage Loans that became Liquidated Mortgage Loans in the Master Servicer. By prior month and since the Cut-off Date (in 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.
(b) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day case immediately prior to the related Distribution DateStated Principal Balance being reduced to zero), 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 V.
(c) 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) and (a)(ii) 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 (IndyMac Indx Mortgage Loan Trust 2005-Ar2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eahttps://www.corporatetrust.db.com/▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master ▇▇ster Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;.
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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)(iia)(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 (Indymac MBS Inc Residential Asset Sectrust 2003-A14)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to eaeach Certificateholder, the Service▇ ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement ment for the related distribution of:
(i) the applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Date;
(ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution on the Distribution Date;
(iii) the Servicing Fee and Trustee Fee for such Distribution Date;
(iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account;
(v) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(iivi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iiivii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest;
(ivviii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(ix) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viiix) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected with respect to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) the number of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period;
(xii) as of the last day of the related Due Period:
(A) the weighted average mortgage rate of the Mortgage Loans, and
(B) the weighted average remaining term to maturity of the Mortgage Loans;
(xiii) the number and aggregate principal amounts outstanding balance of the Mortgage Loans in each Loan Group and in as of the aggregate end of the preceding calendar month:
(A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 30 to 30 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 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 the Distribution Date;
(xiixiv) 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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates Date in each such month and
and (B) delinquent 60 sixty (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 each of the Due Dates Date in each such month;
(xiiixv) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereofDate;
(xivxvi) 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 the Distribution Date;
(xvxvii) each Senior the aggregate amount of Principal Prepayments received during the related Prepayment Percentage Period and Subordinated Prepayment Percentage the number of Mortgage Loans subject to such Principal Prepayments;
(xviii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xvixix) the aggregate amount of Realized Losses in each Loan Group Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and in the aggregate incurred and Subsequent Recoveries, if any, received during amount of Servicing Advances outstanding as of the preceding calendar month and aggregate Realized Losses through such close of business on the Distribution Date;
(xviixx) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount aggregate number and the Bankruptcy Loss Coverage Amount, in each case as outstanding principal balance of Mortgage Loans repurchased during the related Determination Date; andDue Period due to material breaches of representations and warranties regarding such Mortgage Loans;
(xviiixxi) [Reserved];
(xxii) [Reserved];
(xxiii) [Reserved];
(xxiv) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delayed Delivery Mortgage Loans; and
(xxv) Hard and Soft Prepayment Charges collected, waived, and paid by the Servicer. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.IV.
(c) 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)(ia)(v) and (a)(iia)(vi) 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 (IndyMac INDX Mortgage Loan Trust 2006-Ar41)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution allocable to interest, any Class Unpaid Interest Shortfall Amounts included in the distribution and any remaining Class Unpaid Interest Shortfall Amounts after giving effect to the distribution;
(iii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation 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 the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each the Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) 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 the Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xiv) 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 the Distribution Date;
(xv) each the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvi) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xvii) 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;
(xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans; and
(xix) the amount paid to the Class A-1 and Class A-13 Certificates from the Yield Maintenance Reserve Fund pursuant to the Yield Maintenance Agreement. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 (Residential Asset Securitization Trust 2005-A8cb)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer and the Depositor a statement for the related distribution of:
(i) the applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the Distribution Date;
(ii) the amount of funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution on the Distribution Date;
(iii) the Servicing Fee and the amounts of any additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for primary mortgage guaranty insurance;
(iv) the Trustee Fee for the Distribution Date;
(v) the aggregate amount of expenses paid from amounts on deposit in the Distribution Account;
(vi) the aggregate amount on deposit in the Distribution Account as of the beginning and end of the related Due Period;
(vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(iiviii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iiiix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest;
(ivx) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date;
(xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viiixii) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected with respect to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xixiii) [reserved];
(xiv) the number of Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period;
(xv) as of the last day of the related Due Period:
(A) the weighted average mortgage rate of the Mortgage Loans, and
(B) the weighted average remaining term to maturity of the Mortgage Loans;
(xvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group and in as of the aggregate end of the preceding calendar month:
(A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 30 to 30 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 59 days, (2) 31 60 to 60 days, 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 the Distribution Date;
(xiixvii) 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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates Date in each such month and
and (B) delinquent 60 sixty (60) days or more on each of the Due Dates Date in each such month;
(xiiixviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereofDate;
(xivxix) 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 the Distribution Date;
(xvxx) each the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments;
(xxi) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xxii) the aggregate amount of Advances reimbursed during the related Due Period and the general source of funds for such reimbursements;
(xxiii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date;
(xxiv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans;
(xxv) the Senior Prepayment Percentage and Subordinated Prepayment Percentage for such the Distribution Date;
(xvixxvi) the aggregate amount of Realized Losses in each Loan Group Senior Percentage and in Subordinated Percentage for the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(xviixxvii) 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;
(xxviii) all Late Payment Fees assessable and not waived pursuant to Section 3.12(a);
(xxix) Prepayment Charges collected, and amounts payable by the Servicer for the waiver of such amounts;
(xxx) the aggregate Stated Principal Balance of the Mortgage Loans that became Liquidated Mortgage Loans in the prior month and since the Cut-off Date (in each case immediately prior to the Stated Principal Balance being reduced to zero);
(xxxi) [reserved];
(xxxii) [reserved];
(xxxiii) the Stated Principal Balance of any Mortgage Loan that has been repurchased by the Servicer in accordance with Section 2.02, 2.03 or 3.12; and
(xviiixxxiv) with respect to the second Distribution Date, the number and aggregate balance Stated Principal Balance of any Delay Delivery Substitute Mortgage Loans not delivered within Loan provided by the time periods specified Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in the definition of Delay Delivery Mortgage Loansaccordance with Section 2.03. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) . 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 V.
(c) V. 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)(ia)(vii) and (a)(iia)(viii) 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 (IndyMac INDA Mortgage Loan Trust 2007-Ar2)
Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Trustee shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ each ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ Master Servicer ▇▇▇vicer and the Depositor a statement for the related distribution ofof the following amounts related to an Aggregate Loan Group:
(i) the applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Date;
(ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution on the Distribution Date;
(iii) the Servicing Fee and Trustee Fee and the amounts of any additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for primary mortgage guaranty insurance;
(iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account;
(v) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(iivi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution;
(iiivii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest;
(ivviii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;
(ix) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date;
(v) the Pool Stated Principal Balance for the following Distribution Date;
(vi) each Senior Percentage and each Subordinated Percentage for the following Distribution Date;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the Distribution Date;
(viiix) the Pass-Through Rate for each Class of Certificates as of the day before the preceding Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected with respect to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xi) the number and aggregate principal amounts of Mortgage Loans in each Loan Group and in Aggregate Loan Group I and the aggregate Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period;
(xii) as of the last day of the related Due Period:
(A) delinquent the weighted average Mortgage Rate of the Mortgage Loans, and
(B) the weighted average remaining term to maturity of the Mortgage Loans in each Loan Group and in Aggregate Loan Group I;
(xiii) the number and aggregate outstanding balance of the Mortgage Loans in each Loan Group and in Aggregate Loan Group I as of the end of the preceding calendar month:
(A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 30 to 30 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 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 the Distribution Date;
(xiixiv) 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
Payments (A) due on all Outstanding Mortgage Loans in each Loan Group and in the aggregate on each of the Due Dates Date in each such month and
and (B) delinquent 60 sixty (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 each of the Due Dates Date in each such month;
(xiiixv) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereofDate;
(xivxvi) 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 the Distribution Date;
(xvxvii) each Senior the aggregate amount of Principal Prepayments received during the related Prepayment Percentage Period and Subordinated Prepayment Percentage the number of Mortgage Loans subject to such Principal Prepayments;
(xviii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xvixix) the aggregate amount of Realized Losses Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date;
(xx) the aggregate number and outstanding principal balance of Mortgage Loans in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received Aggregate Loan Group I repurchased during the preceding calendar month related Due Period due to material breaches of representations and aggregate Realized Losses through warranties regarding such Distribution DateMortgage Loans;
(xviixxi) [Reserved];
(xxii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case Amount for Aggregate Loan Group I as of the related Determination Date; and;
(xviiixxiii) [Reserved];
(xxiv) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delayed Delivery Mortgage Loans;
(xxv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date;
(xxvi) each Senior Percentage and Subordinated Percentage for the Distribution Date;
(xxvii) Hard Prepayment Charges and Soft Prepayment Charges collected, waived, and paid by the Servicer;
(xxviii) the aggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and in Aggregate Loan Group I that became Liquidated Mortgage Loans in the prior month and since the Cut-off Date (in each case immediately prior to the Stated Principal Balance being reduced to zero);
(xxix) the Stated Principal Balance of any Mortgage Loan that has been repurchased by the Servicer in accordance with Section 2.02, 2.03 or 3.12; and
(xxx) the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information 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.
(b) 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 V.
(c) 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) and (a)(ii) 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 (IndyMac INDX Mortgage Loan Trust 2007-Ar5)
Monthly Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trustee and not later than each Distribution Date, the Trustee Master Servicer shall prepare and make available on its website at https://www.tss.db.com/invr to ea▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇each Certificateholder, ▇▇▇ Master Servicer and the Depositor and any other interested parties a statement for based solely on information provided by each Servicer setting forth the following information with respect to the related distribution of:(in the case of information furnished pursuant to (i), (ii) and (vii) below, the amounts shall be expressed as a dollar amount per minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount of the distribution thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(ii) the amount of the distribution thereof allocable to interest, any Class Unpaid Interest Amounts Shortfall included in the such distribution and any remaining Class Unpaid Interest Amounts Shortfall after giving effect to the such distribution;
(iii) if the distribution to the Holders of any such Class of Certificates is less than the full amount that would be distributable to them such Holders if there were sufficient funds were availableavailable therefor, the amount of the shortfall and the allocation of the shortfall thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Certificate Principal Balance or Notional Amount of each Class of Certificates Certificates, after giving effect to the distribution of principal on the such Distribution Date;
(v) the Pool Stated Principal Balance for the following on such Distribution Date;
(vi) each the Senior Percentage and each Subordinated Junior Percentage for the following Distribution Dateeach Group;
(vii) the amount of the Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amounts of any additional servicing compensation received by the Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates as of the day before the preceding with respect to such Distribution Date;
(ix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date;
(x) the amount of Advances included in the distribution on the such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the such Distribution Date;
(xix) 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, 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 the such Distribution Date;
(xii) 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 in each Loan Group and in the aggregate 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;
(xiiixi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Scheduled Principal Balance of the such Mortgage Loan as of the close of business on the Determination Date last Business Day of the calendar month preceding the such Distribution Date and the date of acquisition thereof;
(xivxii) 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 last Business Day of the calendar month preceding the Distribution Date;
(xv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for such Distribution Date;
(xvixiii) the Senior Prepayment Percentage;
(xiv) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date;month; and
(xviixv) 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. Upon receipt from the Master Servicer, the Trustee shall make such statement available on its website located at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/absmbs.
(xviiib) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The TrusteeMaster Servicer's responsibility for disbursing the above information to the Trustee, Depositor, Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information derived from provided by each Servicer. The Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and other interested parties, and other parties to this Agreement via the Master Servicer's internet website located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇". By each Determination Date Assistance in using the internet website can be obtained by calling the Master Servicer's customer service desk at (301) 815-6600. Parties that are unable to use the above distribution methods are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Master Servicer, with the consent of the Trustee, which consent shall not be unreasonably withheld, shall have the right to change the way distribution date statement is distributed in order to make such distribution more convenient and/or more accessible and the Master Servicer shall provide timely and adequate notification to the Trustee Certificateholders and the parties to this Agreement regarding any such changes. The Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Monthly Statement and may affix thereto any disclaimer it deems appropriate in electronic form its reasonable discretion (without suggesting liability on the information needed to determine the distributions to be made pursuant to Section 4.02 and part of any other information on which party hereto). As a condition to access the Master Servicer and the Trustee mutually agree.
(b) 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)Servicer's internet website, the Master Servicer shall deliver to may require registration and the Trustee (which delivery may acceptance of a disclaimer. The Master Servicer will not be by electronic data transmission) a report liable for the dissemination of information in substantially the form set forth as Schedule V.accordance with this Agreement.
(c) 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 containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(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 (Mortgage Asset Sec Trans Inc Mor Pass THR Cer Ser 2002-2)