Common use of Statements to Certificateholders Clause in Contracts

Statements to Certificateholders. On each Distribution Date, the Trust Administrator shall prepare and forward by mail to each Holder of the Regular Certificates, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the 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 the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.

Statements to Certificateholders. (a) On each Regular Distribution Date and Special Distribution Date with respect to a series of Certificates, the Trustee will include with each distribution to Certificateholders of the related series a statement, giving effect to such distribution to be made on such Regular Distribution Date or Special Distribution Date, as the case may be, setting forth the following information (per a $1,000 face amount Certificate as to (i) and (ii) below): (i) The amount of such distribution allocable to principal and the amount allocable to premium, if any; (ii) The amount of such distribution allocable to interest; and (iii) The Pool Balance and the Pool Factor of the related Trust. With respect to the Certificates registered in the name of a Clearing Agency or its nominee, on the record date prior to each Distribution Date, the Trustee will request from the Clearing Agency a securities position listing setting forth the names of all the Clearing Agency Participants reflected on the Clearing Agency's books as holding interests in the Certificates on such record date. On each Distribution Date, the Trust Administrator shall prepare and forward by applicable Trustee will mail to each Holder such Clearing Agency Participant the statement described above and will make available additional copies as requested by such Clearing Agency Participant for forwarding to holders of the Regular Certificates, a statement as to the distributions made on such Distribution Date setting forth:. (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the 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 the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar yearyear but not later than the latest date permitted by law, the Trust Administrator Trustee shall furnish to each Person who at any time during the such calendar year was a Holder Certificateholder of a Regular Certificate record a statement containing the information set forth in subclauses sum of the amounts determined pursuant to clauses (ia)(i) through and (iiia)(ii) above, aggregated with respect to the related Trust for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of or, in the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which event such Person was a Certificateholder of record during a portion of such calendar year, for the applicable portion of such year, and such other items as are readily available to the Trustee and which a Certificateholder shall reasonably request as necessary for the purpose of such Certificateholder's preparation of its Federal income tax returns. The Trust Administrator shall, upon request, furnish With respect to each Certificateholder, during Certificates registered in the term name of this Agreementa Clearing Agency or its nominee, such periodic, special, or report and such other reports or information, whether or not provided for herein, as items shall be reasonable with respect prepared on the basis of information supplied to the Certificateholder, or otherwise with respect Trustees by the Clearing Agency Participants and shall be delivered by the Trustee to the purposes of this Agreement, all such reports or information Clearing Agency Participants to be provided at the expense of the Certificateholder in accordance with available for forwarding by such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and BloombergClearing Agency Participants.

Statements to Certificateholders. (a) On each Distribution Date, the Trust Administrator shall prepare and forward by mail Trustee will include with each distribution to each Holder Certificateholders of a Scheduled Payment or Special Payment, as the Regular Certificatescase may be, a statement setting forth the information provided below (in the case of a Special Payment, including any Special Redemption Premium, reflecting in part the information provided by the Escrow Paying Agent under the Escrow Agreement). Such statement shall set forth (per $1,000 face amount Certificate as to (ii), (iii), (iv) and (v) below) the distributions made on such Distribution Date setting forthfollowing information: (i) the aggregate amount of the distribution made funds distributed on such Distribution Date to under the Holders of Agreement and under the Certificates of each Class Escrow Agreement, indicating the amount allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Chargeseach source; (ii) the amount of such distribution under the Agreement allocable to principal and the amount allocable to premium (including the Special Redemption Premium), if any; (iii) the amount of such distribution made on such Distribution Date to under the Holders of the Certificates of each Class Agreement allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for amount of such Distribution Date and distribution under the respective portions thereof Escrow Agreement allocable to principal and interest; (v) the amount of any Insurance Payment made such distribution under the Escrow Agreement allocable to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer;Deposits; and (vi) the aggregate amount Pool Balance and the Pool Factor. With respect to the Certificates registered in the name of P&I Advances for such a Clearing Agency or its nominee, on the record date prior to each Distribution Date; (vii) , the aggregate Stated Principal Balance Trustee will request from the Clearing Agency a securities position listing setting forth the names of all the Mortgage Loans and any REO Properties Clearing Agency Participants reflected on the Clearing Agency's books as of holding interests in the close of business Certificates on such record date. On each Distribution Date;, the Trustee will mail to each such Clearing Agency Participant the statement described above and will make available additional copies as requested by such Clearing Agency Participant for forwarding to holders of Certificates. (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar yearyear but not later than the latest date permitted by law, the Trust Administrator Trustee shall furnish to each Person who at any time during the such calendar year was a Holder Certificateholder of a Regular Certificate record a statement containing the sum of the amounts determined pursuant to clauses (a)(i), (a)(ii), (a)(iii), (a)(iv) and (a)(v) above with respect to the Trust for such calendar year or, in the event such Person was a Certificateholder of record during a portion of such calendar year, for the applicable portion of such year, and such other items as are readily available to the Trustee and which a Certificateholder shall reasonably request as necessary for the purpose of such Certificateholder's preparation of its federal income tax returns. With respect to Certificates registered in the name of a Clearing Agency or its nominee, such report and such other items shall be prepared on the basis of information supplied to the Trustee by the Clearing Agency Participants and shall be delivered by the Trustee to such Clearing Agency Participants to be available for forwarding by such Clearing Agency Participants. (c) Utilizing information provided by Midway, promptly following (i) the Delivery Period Termination Date, if there has been any change in the information set forth in subclauses clauses (ix), (y) through and (iiiz) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation below from that set forth in page 65 of the Trust Administrator shall be deemed to have been satisfied to Offering Memorandum, and (ii) any early redemption or purchase of, or any default in the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to prepayment of principal or interest in respect of, any requirements of the Code as from time to time are Equipment Notes held in force. On each Distribution Datethe Trust, or any Final Withdrawal, the Trust Administrator Trustee shall forward furnish to the Depositor, the Trustee, to each Holder Certificateholders of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders record on such Distribution Date and date a statement setting forth (x) the amountsexpected Pool Balances for each subsequent Regular Distribution Date following the Delivery Period Termination Date, if any(y) the related Pool Factors for such Regular Distribution Dates and (z) the expected principal distribution schedule of the Equipment Notes, actually distributed with in the aggregate, held as Trust Property at the date of such notice. With respect to the Residual Certificates, respectivelyCertificates registered in the name of a Clearing Agency, on such Distribution the Delivery Period Termination Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was Trustee will request from such Clearing Agency a Holder of a Residual Certificate a statement securities position listing setting forth the amount, if any, actually distributed with respect to names of all Clearing Agency Participants reflected on such Clearing Agency's books as holding interests in the Residual Certificates, as appropriate, aggregated for Certificates on such calendar year or applicable portion thereof during which such Person was a Certificateholderdate. The Trust Administrator shall, upon request, furnish will mail to each Certificateholder, during such Clearing Agency Participant the term statement described above and will make available additional copies as requested by such Clearing Agency Participant for forwarding to holders of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to interests in the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and BloombergCertificates.

Statements to Certificateholders. (a) On each Regular Distribution Date and Special Distribution Date, the Trust Administrator shall prepare and forward by mail Trustee will include with each distribution to each Holder Certificateholders of the Regular Certificatesrelated series a statement, a statement as giving effect to the distributions distribution to be made on such Regular Distribution Date or Special Distribution Date, and, except to the extent otherwise provided in the applicable Trust Supplement, setting forth:forth the following information (per $1,000 aggregate face amount of Certificate as to (i) and (ii) below): (i) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, principal and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Chargespremium, if any; (ii) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest;; and (iii) the aggregate Servicing Fee received by each Servicer Pool Balance and the aggregate Master Servicing Fee received by the Master Servicer during Pool Factor of the related Due Period and such other customary information as Trust. With respect to the Trust Administrator deems necessary Certificates registered in the name of a Clearing Agency or desirableits nominee, or which a Certificateholder reasonably requests, on the Record Date prior to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such each Regular Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Special Distribution Date, the amount Trustee will request from the Clearing Agency a securities position listing setting forth the names of any reimbursement payment made to all the Certificate Insurer Clearing Agency Participants reflected on the Clearing Agency’s books as holding interests in the Certificates on such Record Date. On each Regular Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Special Distribution Date;, the applicable Trustee will mail to each such Clearing Agency Participant the statement described above and will make available additional copies as requested by such Clearing Agency Participants for forwarding to holders of interests in the Certificates. (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar yearyear but not later than the latest date permitted by law, except to the extent otherwise provided in the applicable Trust Supplement, the Trust Administrator Trustee shall furnish to each Person who at any time during the such calendar year was a Holder Certificateholder of a Regular Certificate record a statement containing the information set forth in subclauses sum of the amounts determined pursuant to clauses (ia)(i) through and (iiia)(ii) above, aggregated above with respect to the related Trust for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of or, in the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which event such Person was a Certificateholder of record during a portion of such calendar year, for the applicable portion of such year, and such other items as are readily available to the Trustee and which a Certificateholder may reasonably request as necessary for the purpose of such Certificateholder’s preparation of its federal income tax returns. The Trust Administrator shall, upon request, furnish With respect to each Certificateholder, during Certificates registered in the term name of this Agreementa Clearing Agency or its nominee, such periodic, special, or statement and such other reports or information, whether or not provided for herein, as items shall be reasonable with respect prepared on the basis of information supplied to the Certificateholder, or otherwise with respect Trustee by the Clearing Agency Participants and shall be delivered by the Trustee to such Clearing Agency Participants to be available for forwarding by such Clearing Agency Participants to the purposes holders of this Agreement, all such reports or information to be provided at interests in the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and BloombergCertificates.

Statements to Certificateholders. On each Distribution Date, the Trust Securities Administrator shall prepare and forward by mail make available to each Holder of the Regular CertificatesCertificates and the Residual Interests, the Servicer, the Swap Provider, the Trust Oversight Manager and each Rating Agency a statement with respect to information regarding the Mortgage Loans, based solely on, and to the extent of, information provided to the Securities Administrator by the Servicer pursuant to Section 4.03 hereof, as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates, including on account of the Mezzanine Certificates, separately identified, allocable to principal, principal and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesPremiums and Servicer Prepayment Premium Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates (other than the Class P Certificates), including on account of the Mezzanine Certificates, separately identified, allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the aggregate Master Servicing Fee received by Overcollateralization Target Amount as of such Distribution Date and the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution Excess Overcollateralized Amount for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances Overcollateralization Increase Amount for such Distribution Date; (viiiv) the aggregate Servicing Fee received by the Servicer during the related Due Period; (v) [Reserved]; (vi) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixviii) the number and aggregate unpaid principal balance of the Mortgage Loans (a) delinquent 30 to Delinquent 30-59 days, (b) delinquent 60 to Delinquent 60-89 days, (c) delinquent Delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which Mortgage Loans in foreclosure proceedings have been commenced and (e) with respect Mortgage Loans subject to which filing under the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forceBankruptcy Code; (xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xix) the book value aggregate of any the Stated Principal Balances of all REO Property Properties as of the close of business on the last Business Day of the calendar month preceding the month of such Distribution Date; (xiixi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in calendar month preceding the case month of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses Distribution Date and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxiii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiv) the aggregate Certificate Class Principal Balance Amount of each the Class of A Certificates and the Mezzanine Certificates, after giving effect to the distributionsdistributions made on such Distribution Date, after giving effect to the distributions made on such Distribution Date and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of such Realized Losses; (xvixv) the Certificate Factor for each such Class of LIBOR Certificates applicable to such Distribution Date; (xviixvi) the Monthly Interest Distribution Amounts Distributable Amount in respect of each Class of Class A the Senior Certificates and the Class CE Mezzanine Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofUnpaid Interest Shortfall Amount, if any, paid under the Policy or (in the event with respect to each such Class of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE CertificatesDate, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls, as applicable; (xviiixvii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xixxviii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxix) the Required Overcollateralized Net WAC Rate Carryover Amount for such Distribution Date; (xxi) the Overcollateralization Increase AmountClass A Certificates and the Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xx) the Available Funds; (xxi) [Reserved]; (xxii) the Overcollateralization Reduction Amount, if anyrespective Pass-Through Rates applicable to the LIBOR Certificates, for such Distribution Date; and (xxiii) Date and the Pass-Through Rate applicable to the Class CE LIBOR Certificates for the immediately succeeding Distribution Date; (xxiii) the amount of any payment made by the Swap Provider under the Swap Agreement; (xxiv) the amount of any Net Monthly Excess Cash Flow on such Distribution DateDate and the allocation thereof to the Certificateholders with respect to Allocated Realized Loss Amounts; (xxv) amounts deposited into the Net WAC Reserve Fund; (xxvi) the date when a Stepdown Date has occurred; (xxvii) the related Net WAC Rate; (xxviii) whether a Trigger Event has occurred and is continuing; (xxix) amounts payable to the Holders of Residual Interests; and (xxx) the Net Swap Payment. The Securities Administrator will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Servicer, the Rating Agencies, the Trustee, the Trust Oversight Manager and the Swap Provider via the Securities Administrator’s internet website. All information from which the Securities Administrator makes such statement will be based solely on information provided by the Servicer pursuant to Section 4.03(a) hereof or by the Swap Provider pursuant to the Swap Agreement. The Securities Administrator’s internet website shall initially be located at “▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/sfr”. Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use 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 Securities Administrator 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 above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iiiii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Securities Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Securities Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Securities Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate Interest a statement setting forth the amount, if any, actually distributed with respect to the Residual CertificatesInterests, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared by the Securities Administrator and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Trust Securities Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Securities Administrator's ’s duties are limited to the extent that the Trust Securities Administrator receives timely reports as required from the ServicersServicer pursuant to Section 4.03(a) hereof. On each Distribution Date the Trust Securities Administrator shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) loan level data with respect to all of the Mortgage Loans and CUSIP level factors for each class Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Securities Administrator and Bloomberg. In addition if so requested by the Originator, on each Distribution Date the Securities Administrator shall provide to the Originator and at the expense of the Originator, the loan level data with respect to the Mortgage Loans. No later than five (5) Business Days prior to each Distribution Date for so long as the Swap Agreement is outstanding, the Depositor shall provide to the Securities Administrator the aggregate Class Principal Amount of the Senior and Mezzanine Certificates not held by the Seller, the Depositor or any of their respective affiliates, provided, however, that the Depositor shall not be required to give such notice if the Seller, the Depositor or any of their respective affiliates do not own any such Certificates. The Securities Administrator shall provide such aggregate principal amount to the Swap Provider on such fifth preceding Business Day upon receipt if it receives notice of such holdings from the Depositor.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available to each Holder of the Regular CertificatesCertificates and the Residual Interests, the Servicer, the Swap Provider, the Trust Oversight Manager and each Rating Agency a statement with respect to information regarding the Mortgage Loans, based solely on, and to the extent of, information provided to the Trustee by the Servicer pursuant to Section 4.03 hereof, as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates, including on account of the Mezzanine Certificates, separately identified, allocable to principal, principal and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesPremiums and Servicer Prepayment Premium Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates (other than the Class P Certificates), including on account of the Mezzanine Certificates, separately identified, allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the aggregate Master Servicing Fee received by Overcollateralization Target Amount as of such Distribution Date and the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution Excess Overcollateralized Amount for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances Overcollateralization Increase Amount for such Distribution Date; (viiiv) the aggregate Servicing Fee received by the Servicer during the related Due Period; (v) [Reserved]; (vi) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixviii) the number and aggregate unpaid principal balance of the Mortgage Loans (a) delinquent 30 to Delinquent 30-59 days, (b) delinquent 60 to Delinquent 60-89 days, (c) delinquent Delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which Mortgage Loans in foreclosure proceedings have been commenced and (e) with respect Mortgage Loans subject to which filing under the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forceBankruptcy Code; (xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xix) the book value aggregate of the Stated Principal Balances of the Mortgage Loan related to any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Datedate it became an REO Property; (xiixi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in calendar month preceding the case month of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses Distribution Date and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxiii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiv) the aggregate Certificate Class Principal Balance Amount of each the Class of A Certificates and the Mezzanine Certificates, after giving effect to the distributionsdistributions made on such Distribution Date, after giving effect to the distributions made on such Distribution Date and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of such Realized Losses; (xvixv) the Certificate Factor for each such Class of LIBOR Certificates applicable to such Distribution Date; (xviixvi) the Monthly Interest Distribution Amounts Distributable Amount in respect of each Class of Class A the Group 1 Certificates and the Class CE Group 2 Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofUnpaid Interest Shortfall Amount, if any, paid under the Policy or (in the event with respect to each such Class of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE CertificatesDate, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls, as applicable; (xviiixvii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xixxviii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxix) the Required Overcollateralized Net WAC Rate Carryover Amount for such Distribution Date; (xxi) the Overcollateralization Increase AmountGroup 1 Certificates and the Group 2 Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xx) the Available Funds; (xxi) [Reserved]; (xxii) the Overcollateralization Reduction Amount, if anyrespective Pass-Through Rates applicable to the LIBOR Certificates, for such Distribution Date; and (xxiii) Date and the Pass-Through Rate applicable to the Class CE LIBOR Certificates for the immediately succeeding Distribution Date; (xxiii) the amount of any payment made by the Swap Provider under the Swap Agreement; (xxiv) the amount of any Net Monthly Excess Cashflow and Group 2 Net Monthly Cashflow on such Distribution DateDate and the allocation thereof to the related Certificateholders with respect to the related Allocated Realized Loss Amounts; (xxv) amounts deposited into the Group 1 Net WAC Reserve Fund and Group 2 Net WAC Reserve Fund; (xxvi) the date when a Group 1 Stepdown Date and the Group 2 Stepdown Date has occurred; (xxvii) the related Net WAC Rate; (xxviii) whether a Group 1 Trigger Event or a Group 2 Trigger Event has occurred and is continuing; (xxix) amounts payable to the Holders of Residual Interests; and (xxx) the Net Swap Payment. The Trustee will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Servicer, the Rating Agencies, the Trust Oversight Manager and the Swap Provider via the Trustee’s internet website. All information from which the Trustee makes such statement will be based solely on information provided by the Servicer pursuant to Section 4.03(a) hereof or by the Swap Provider pursuant to the Swap Agreement. The Trustee’s internet website shall initially be located at ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr. Assistance in using the website can be obtained by calling the Trustee’s investor relations desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the investor relations 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 above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iiiii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate Interest a statement setting forth the amount, if any, actually distributed with respect to the Residual CertificatesInterests, as appropriate, 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 prepared by the Trustee and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Trust Administrator Trustee shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's Trustee’s duties are limited to the extent that the Trust Administrator Trustee receives timely reports as required from the ServicersServicer pursuant to Section 4.03(a) hereof. On each Distribution Date the Trust Administrator Trustee shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) loan level data with respect to all of the Mortgage Loans and CUSIP level factors for each class Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg. In addition if so requested by the Originator, on each Distribution Date the Trustee shall provide to the Originator and at the expense of the Originator, the loan level data with respect to the Mortgage Loans. No later than five (5) Business Days prior to each Distribution Date for so long as the Swap Agreement is outstanding, the Depositor shall provide to the Trustee the aggregate Class Principal Amount of the Group 2 Certificates not held by the Seller, the Depositor or any of their respective affiliates, provided, however, that the Depositor shall not be required to give such notice if the Seller, the Depositor or any of their respective affiliates do not own any such Certificates. The Trustee shall provide such aggregate principal amount to the Swap Provider on such fifth preceding Business Day upon receipt if it receives notice of such holdings from the Depositor.

Statements to Certificateholders. On each Distribution Date, the Trust Securities Administrator shall prepare and forward by mail to each Holder of the Regular Certificates, a statement as to the distributions to be made on such date (the “Distribution Date Statement”), based solely on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇▇ to the Depositor and each Certificateholder, setting forth: (a) the class factor for each Class of Certificates; (b) the aggregate Scheduled Principal Balance of each pool and/or group of Mortgage Loans; (c) the Available Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (d) [Reserved]; (e) the amount of such distributions to the Holders of Certificates of such Class to be applied to reduce the Class Principal Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Borrower, Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds; (f) the amount of such distributions to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (i) the amount of such interest accrued during the distribution made on calendar month preceding the month of such Distribution Date to the Holders of the Certificates of each Class allocable to principalDate, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of interest from previous calendar months; (g) the distribution aggregate amount of Servicing Fees and other fees and expenses paid or to be paid out of the Available Distribution Amount for such Distribution Date; (h) if applicable, the aggregate amount of outstanding Monthly Advances included in such distributions, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date and the aggregate amount of unreimbursed Monthly Advances at the close of business on such Distribution Date; (i) if applicable, the aggregate amount of outstanding Monthly Advances included in such distributions, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Trustee or other successor Servicer during the calendar month preceding the Distribution Date; (j) [Reserved]; (k) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (l) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (i) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquent), (ii) as to which foreclosure proceedings have been commenced, and (iii) as to which the Borrower is subject to a bankruptcy proceeding; (m) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (n) the aggregate Class Principal Balance of each Class of Certificates (and, in the case of any Certificate with no Class Principal Balance, the notional amount of such Class) after giving effect to the distributions to be made on such Distribution Date to the Holders Date, and separately identifying any reduction thereof on account of the Certificates of each Class allocable to interestRealized Losses; (iiio) the aggregate Servicing Fee received amount of (i) Payoffs and Principal Prepayments made by each Servicer Borrowers, (ii) Liquidation Proceeds, Condemnation Proceeds and the aggregate Master Servicing Fee received by the Master Servicer Insurance Proceeds, and (iii) Realized Losses incurred during the related Due Period Prepayment Period; (p) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (q) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (r) the Certificate Rate for each Class of Certificates applicable to such Distribution Date; (s) the Senior Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (t) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (u) such other customary information as the Trust Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses clauses (ia) through (iiic) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Class Principal Balance, then the amounts shall be expressed as a dollar amount per Single Certificate 10% Percentage Interest. In addition to the Distribution Date report specified above, the Securities Administrator shall prepare and make available to each Holder of a Residual Certificate, if any, on each Distribution Date a statement setting forth the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, and the aggregate Class Principal Balance, if any, of the relevant ClassResidual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (a) through (c) above, to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) abovethat requests such statement, aggregated for such calendar year or applicable portion thereof during which such person Person was a Certificateholder. Such obligation of the Trust Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Securities Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth statement, upon request, containing the amount, if any, actually distributed with respect information provided pursuant to the Residual Certificates, as appropriate, second preceding paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Such obligation of the Securities Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect deemed to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited have been satisfied to the extent that substantially comparable information shall be provided by the Trust Securities Administrator receives timely reports pursuant to any requirements of the Code as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable time to the Trust Administrator and Bloombergtime are in force.

Statements to Certificateholders. On each Distribution Date, Date the Trust Administrator Trustee shall prepare and forward or cause to be forwarded by mail to each Holder of a Certificate and to the Regular Certificates, Depositor and the Master Servicer a statement as to such distribution setting forth the distributions made on such Distribution Date setting forthfollowing information as to each Class of Certificates to the extent applicable: (ia) the amount of the such distribution made on such Distribution Date to the Holders Certificateholders of such Class applied to reduce the Certificates of each Class allocable to principalCertificate Principal Balance thereof, and (b) the aggregate amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Chargesincluded therein representing Principal Prepayments; (ii) the total cash flows received and the general sources thereof; (iii) the applicable record dates, accrual periods, determination dates for calculating distributions and general distribution dates; (iv) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) [the amount of any Insurance Payment made net swap payment payable to the Derivative Administrator, any Net Swap Payment payable to the Swap Provider, any swap termination payment payable to the derivative administrator and any Swap Termination Payment payable to the Swap Provider;] (vi) if the distribution to the Certificateholders of such Class A Certificates on is less than the full amount that would be distributable to such Distribution DateCertificateholders if there were sufficient funds available therefor, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Dateshortfall; (vii) the amount of any Advance by the Master Servicer pursuant to Section 4.04 (including the general purpose of such Advance), the aggregate amount of unreimbursed Advances at the close of business on the Distribution Date, and the general source of funds for reimbursement; (viii) the number and aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as after giving effect to the distribution of the close of business principal on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made amounts distributed on such Distribution Date, separately identifying any reduction thereof due to allocations Realized Losses other than pursuant to an actual distribution of Realized Lossesprincipal; (x) the related Subordinate Principal Distribution Amount; (xi) the related amount of Servicing Fees paid to or retained by the Master Servicer; (xii) on the basis of the most recent reports furnished to it by Sub-Servicers, the number and aggregate principal balances of Mortgage Loans that are delinquent (A) one month, (B) two months and (C) three months, and the number and aggregate principal balance of Mortgage Loans that are in foreclosure; (xiii) the number, aggregate principal balance and book value of any REO Properties; (xiv) the aggregate Accrued Certificate Interest remaining unpaid, if any, for each Class of Certificates, after giving effect to the distribution made on such Distribution Date; (xv) the Special Hazard Amount, Fraud Loss Amount and Bankruptcy Amount as of the close of business on such Distribution Date and a description of any change in the calculation of such amounts; (xvi) the Certificate Factor Pass-Through Rate on the Class A-7 Certificates for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect occurrence of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest ShortfallsCredit Support Depletion Date; (xviii) the aggregate amount of any Prepayment Interest Shortfall for Senior Accelerated Distribution Percentage applicable to such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24distribution; (xix) the aggregate amount of Relief Act Interest Shortfalls Senior and Class B Percentages for such Distribution Date; (xx) the Required Overcollateralized Amount for aggregate amount of Realized Losses allocated to the Certificates on such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Dateaggregate amount of any recoveries on previously foreclosed loans from the Seller due to a breach of representation or warranty; (xxii) if applicable, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the Overcollateralization Reduction Amountpreceding calendar month or that have become material over time; (xxiii) updated pool composition data including the following with respect to each Loan Group: average loan balance, if anyweighted average mortgage rate, weighted average loan-to-value ratio at origination, weighted average FICO at origination weighted average remaining term; and [NOTE - Item 1121(a)(8) requires updated pool composition information, the foregoing is a suggestion of what to provide] (xxiv) information about any additions of, substitutions for or removal of any Mortgage Loans from the Trust Fund, and any changes in the underwriting, acquisition or selection criteria as to any Mortgage Loans added to the Trust Fund; (xxv) the weighted average remaining term to maturity of the Mortgage Loans after giving effect to the amounts distributed on such Distribution Date; and (xxiiixxvi) the Pass-Through Rate applicable weighted average Mortgage Rates of the Mortgage Loans after giving effect to the Class CE Certificates for amounts distributed on such Distribution Date. In the case of information furnished pursuant to subclauses (i) through and (iiiii) above, the amounts shall also be expressed as a dollar amount per Single Certificate of the relevant ClassCertificate. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish prepare and forward to each Person who at any time during the calendar year was a Holder of a Regular Certificate Certificate, a statement containing the information set forth in subclauses (i) through and (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such person Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code and regulations thereunder as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.

Statements to Certificateholders. On each Distribution Date, the Trust Certificate Administrator shall prepare and the Trustee shall forward by mail a statement to each Holder of the Regular Certificates, a statement as to the distributions made on such Distribution Date setting forthCertificateholder stating: (i) the amount of the distribution made on such Available Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the 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 the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution Amount for such Distribution Date and the respective portions thereof allocable to constituting interest and principal and interestdistributions on the Underlying Agency Securities; (vii) the amount of any Insurance Payment made with respect to the Class A Certificates on such Distribution Date, the aggregate amount of any reimbursement payment made Accrued Certificate Interest and the amounts of interest and principal distributed to the Certificate Insurer Certificateholders of each Class on such Distribution Date pursuant to Section 4.01(a)(2)(iv4.01; (iii) the respective amounts of any prepayments and any purchases of Mortgage Loans (due to conversion or otherwise) included in such distributions; (iv) the amount Certificate Principal Balance or Notional Amount of Cumulative Insurance Payments the Certificates of each Class after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount distributions of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business principal on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiiiv) the Pass-Through Rate applicable Underlying Certificate Balance for each Underlying Agency Security as of the Underlying Security Distribution Date immediately preceding such Distribution Date, after giving effect to the Class CE Certificates for distribution of principal made thereon on such Underlying Security Distribution Date. In the case of the information furnished pursuant to subclauses clause (i) through (iiiii) above, the amounts shall also be expressed as a dollar amount per Single Certificate evidencing a $1,000 denomination. In addition, the Trustee promptly will furnish to Certificateholders and the Certificate Administrator copies of any notices, statements, reports or other communications including, without limitation, the Underlying Security Distribution Date Statements (or, in lieu thereof, if the Certificate Administrator so elects, a summary report of information relevant Classto the Certificates, reported by the [GNMA Issuer] with regard to the Underlying Agency Securities) for each Underlying Security Distribution Date, received by the Trustee as the Underlying Agency Securityholder. Within a reasonable period of time after the end On or before March 31st of each calendar year, beginning with calendar year [200 ], the Trust Administrator Trustee shall furnish prepare and deliver by first class mail to each Person who at any time during the previous calendar year was a Holder Certificateholder of a Regular Certificate record a statement containing the information required to be contained in the regular monthly report to Certificateholders, as set forth in subclauses clause (iii) through (iii) above, above aggregated for such calendar year or the applicable portion thereof during which such person Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code and regulations thereunder as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the The Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, will furnish to each Certificateholder, during the term Certificate Administrator with all information the Trustee has as may reasonably be requested in connection with the preparation by the Certificate Administrator of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder tax returns described in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg10.01.

Statements to Certificateholders. On each or before the Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail to each Holder of the Regular Certificates, a statement as to such distribution (the distributions made “Distribution Statement”), based substantially on information provided by the Servicers in the related Remittance Reports, and make such Distribution Date statement available at its website located at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/absmbs to the Depositor and each Certificateholder, setting forth: (a) the class factor for each Class of Certificates; (b) the aggregate Schedule Principal Balance of each Pool of Mortgage Loans; (c) the Available Distribution Amount, the Aggregate Principal Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (d) [Reserved]; (e) the amount of such distribution to the Holders of Certificates of such Class to be applied to reduce the Certificate Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Mortgagor, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds; (f) the amount of such distribution to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (i) the amount of such interest accrued during the distribution made on calendar month preceding the month of such Distribution Date to the Holders of the Certificates of each Class allocable to principalDate, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of interest from previous calendar months; (g) the amount of the Servicing Fee to be paid to each Servicer and the Trustee Fee to be paid to the Trustee on such Distribution Date; (h) if applicable, the aggregate amount of outstanding Monthly Advances included in such distribution, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date and the aggregate amount of unreimbursed Monthly Advances at the close of business on such Distribution Date; (i) if applicable, the aggregate amount of outstanding Trustee Advances included in such distribution, and the aggregate amount of Trustee Advances reimbursed during the calendar month preceding the Distribution Date; (j) [Reserved]; (k) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (l) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Trustee by the Servicer, (i) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquent), (ii) as to which foreclosure proceedings have been commenced, and (iii) as to which the Mortgagor is subject to a bankruptcy proceeding; (m) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (n) the aggregate Certificate Balance of each Class of Certificates (and, in the case of any Certificate with no Certificate Balance, the notional amount of such Class) after giving effect to the distribution to be made on such Distribution Date to the Holders Date, and separately identifying any reduction thereof on account of the Certificates of each Class allocable to interestRealized Losses; (iiio) the aggregate Servicing Fee received amount of (i) Payoffs and Principal Prepayments made by each Servicer Mortgagors, (ii) Liquidation Proceeds, Condemnation Proceeds and the aggregate Master Servicing Fee received by the Master Servicer Insurance Proceeds, and (iii) Realized Losses incurred during the related Due Period Prepayment Period; (p) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (q) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (r) the Certificate Rate for each Class of Certificates applicable to such Distribution Date; (s) the Senior Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (t) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (u) such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses clauses (ia) through (iiic) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Certificate Balance, then the amounts shall be expressed as a dollar amount per Single Certificate of 10% Percentage Interest. In addition to the relevant Class. Within a reasonable period of time after the end of each calendar yearDistribution Date report specified above, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, prepare and deliver to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicersif any, a copy of the reports forwarded to the Regular Certificateholders on such each Distribution Date and a statement setting forth the amounts, if any, amounts actually distributed with respect to the Residual CertificatesCertificates of such Class on such Distribution Date, respectivelyand the aggregate Certificate Balance, if any, of the Residual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall prepare and furnish a statement, containing the information set forth in clauses (a) through (d) above, to each Person who at any time during the calendar year was a Holder that requests such statement, aggregated for such calendar year or portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time are in force. Within a reasonable period of time after the end of each calendar year, the Trustee shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth containing the amount, if any, actually distributed with respect information provided pursuant to the Residual Certificates, as appropriate, second preceding paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during Such obligation of the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as Trustee shall be reasonable with respect deemed to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator receives timely reports Trustee pursuant to any requirements of the Code as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable time to the Trust Administrator and Bloombergtime are in force.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available to each Holder of the Regular CertificatesCertificates and the Residual Interests, the Servicer, the Swap Provider, the Trust Oversight Manager and each Rating Agency a statement with respect to information regarding the Mortgage Loans, based solely on, and to the extent of, information provided to the Trustee by the Servicer pursuant to Section 4.03 hereof, as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates, including on account of the Mezzanine Certificates, separately identified, allocable to principal, principal and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesPremiums and Servicer Prepayment Premium Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates (other than the Class P Certificates), including on account of the Mezzanine Certificates, separately identified, allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the aggregate Master Servicing Fee received by Overcollateralization Target Amount as of such Distribution Date and the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution Excess Overcollateralized Amount for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances Overcollateralization Increase Amount for such Distribution Date; (viiiv) the aggregate Servicing Fee received by the Servicer during the related Due Period; (v) [Reserved]; (vi) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixviii) the number and aggregate unpaid principal balance of the Mortgage Loans (a) delinquent 30 to Delinquent 30-59 days, (b) delinquent 60 to Delinquent 60-89 days, (c) delinquent Delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which Mortgage Loans in foreclosure proceedings have been commenced and (e) with respect Mortgage Loans subject to which filing under the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forceBankruptcy Code; (xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xix) the book value aggregate of the Stated Principal Balances of all the Mortgage Loans related to any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Dateday such property became an REO Property; (xiixi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in calendar month preceding the case month of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses Distribution Date and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxiii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiv) the aggregate Certificate Class Principal Balance Amount of each Class of the Senior Certificates and the Mezzanine Certificates, after giving effect to the distributionsdistributions made on such Distribution Date, after giving effect to the distributions made on such Distribution Date and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of such Realized Losses; (xvixv) the Certificate Factor for each such Class of LIBOR Certificates applicable to such Distribution Date; (xviixvi) the Monthly Interest Distribution Amounts Distributable Amount in respect of each Class of Class A the Senior Certificates and the Class CE Mezzanine Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofUnpaid Interest Shortfall Amount, if any, paid under the Policy or (in the event with respect to each such Class of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE CertificatesDate, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls, as applicable; (xviiixvii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xixxviii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxix) the Required Overcollateralized Net WAC Rate Carryover Amount for such Distribution Date; (xxi) the Overcollateralization Increase AmountSenior Certificates and the Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xx) the Available Funds; (xxi) [Reserved]; (xxii) the Overcollateralization Reduction Amount, if anyrespective Pass-Through Rates applicable to the LIBOR Certificates, for such Distribution Date; and (xxiii) Date and the Pass-Through Rate applicable to the Class CE LIBOR Certificates for the immediately succeeding Distribution Date; (xxiii) the amount of any payment made by the Swap Provider under the Swap Agreement; (xxiv) the amount of any Net Monthly Excess Cashflow on such Distribution DateDate and the allocation thereof to the Certificateholders with respect to Allocated Realized Loss Amounts; (xxv) amounts deposited into the Net WAC Reserve Fund; (xxvi) the date when a Stepdown Date has occurred; (xxvii) the related Net WAC Rate; (xxviii) whether a Trigger Event has occurred and is continuing; (xxix) amounts payable to the Holders of Residual Interests; and (xxx) the Net Swap Payment. The Trustee will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Servicer, the Rating Agencies, the Trust Oversight Manager and the Swap Provider via the Trustee’s internet website. All information from which the Trustee makes such statement will be based solely on information provided by the Servicer pursuant to Section 4.03(a) hereof or by the Swap Provider pursuant to the Swap Agreement. The Trustee’s internet website shall initially be located at ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr. Assistance in using the website can be obtained by calling the Trustee’s investor relations desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the investor relations 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 above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iiiii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate Interest a statement setting forth the amount, if any, actually distributed with respect to the Residual CertificatesInterests, as appropriate, 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 prepared by the Trustee and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Trust Administrator Trustee shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's Trustee’s duties are limited to the extent that the Trust Administrator Trustee receives timely reports as required from the ServicersServicer pursuant to Section 4.03(a) hereof. On each Distribution Date the Trust Administrator Trustee shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) loan level data with respect to all of the Mortgage Loans and CUSIP level factors for each class Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg. In addition if so requested by the Originator, on each Distribution Date the Trustee shall provide to the Originator and at the expense of the Originator, the loan level data with respect to the Mortgage Loans. No later than five (5) Business Days prior to each Distribution Date for so long as the Swap Agreement is outstanding, the Depositor shall provide to the Trustee the aggregate Class Principal Amount of the Certificates not held by the Seller, the Depositor or any of their respective affiliates, provided, however, that the Depositor shall not be required to give such notice if the Seller, the Depositor or any of their respective affiliates do not own any such Certificates. The Trustee shall provide such aggregate principal amount to the Swap Provider on such fifth preceding Business Day upon receipt if it receives notice of such holdings from the Depositor.

Statements to Certificateholders. On each Distribution Date, based, as applicable, on information provided to the Trust Administrator by the Master Servicer (which in turn shall be based, as applicable, on information provided to the Master Servicer by the Servicer), the Trust Administrator shall prepare and forward by mail make available to each Holder of the Regular Certificates, the Credit Risk Manager, the other parties hereto, the NIMS Insurer and the Rating Agencies, a statement as to the distributions to be made on such Distribution Date setting forthcontaining the following information: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges, Originator Prepayment Charge Payment Amounts and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer fees and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as expenses of the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, accrued and paid on such Distribution Date and to enable Certificateholders to prepare their tax returnswhom such fees and expenses were paid; (iv) the Guaranteed Distribution aggregate amount of Advances for such Distribution Date and (including the respective portions thereof allocable to principal and interestgeneral purpose of such Advances); (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close last day of business on such Distribution Datethe related Due Period; (viiivi) the number, aggregate principal balanceStated Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixvii) the number and aggregate unpaid principal balance Principal Balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forceforce and with respect to (a), (b) and (c) above, delinquencies shall be determined by and reported utilizing the OTS methodology; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan total number of such Mortgage Loan, the unpaid and cumulative principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an all REO Property; (xi) the book value of any REO Property Properties as of the close of business on the last Business Day day of the calendar month preceding the Distribution DatePrepayment Period; (xiiix) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiix) the Delinquency Percentage; (xi) the aggregate amount of Realized Losses incurred during the related Prepayment Period (orPeriod, in which will include the case aggregate amount of Bankruptcy Losses allocable to interest, Subsequent Recoveries received during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses Prepayment Period and the aggregate amount of Realized Losses incurred since the Closing Date, which will include the cumulative amount of Subsequent Recoveries received since the Closing Date; (xivxii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiii) the aggregate Certificate Principal Balance and Notional Amount, as applicable, of each Class of Certificates, before and after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvixiv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixv) the Monthly Interest Distribution Amounts Distributable Amount in respect of each Class of the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofUnpaid Interest Shortfall Amount, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in with respect of to the Class A Certificates and the Mezzanine Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE CertificatesDate, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviiixvi) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24Servicer or the Master Servicer; (xixxvii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxviii) the Required Net Monthly Excess Cashflow, the Overcollateralization Target Amount, the Overcollateralized Amount, the Overcollateralization Deficiency Amount and the Credit Enhancement Percentage for such Distribution Date; (xix) the respective Pass-Through Rates applicable to the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date (and whether such Pass-Through Rate was limited by the Net WAC Rate); (xx) the Aggregate Loss Severity Percentage; (xxi) whether the Overcollateralization Increase AmountStepdown Date or a Trigger Event is in effect; (xxii) the total cashflows received and the general sources thereof; (xxiii) the Available Funds; (xxiv) the Net WAC Rate Carryover Amount for the Class A Certificates and the Mezzanine Certificates, if any, for such Distribution Date, the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxiixxv) the Overcollateralization Reduction Amountpayments, if any, made under the Cap Contract and the amount of any Net Swap Payments or Swap Termination Payments; and (xxvi) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time; and (xxvii) the applicable Record Dates, Accrual Periods and Determination Dates for calculating distributions for such Distribution Date; . The Trust Administrator will make such statement (and , at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Master Servicer, the Servicer, the Depositor, the NIMS Insurer and the Rating Agencies via the Trust Administrator’s internet website. The Trust Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇”. Assistance in using the website can be obtained by calling the Trust Administrator’s customer service desk at (xxiii▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the Pass-Through Rate applicable 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 Trust Administrator 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 Class CE Certificates above parties and the Trust Administrator shall provide timely and adequate notification to all above parties regarding any such changes. 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 such Distribution Datethe dissemination of information in accordance with this Agreement. 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 distribution date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish shall, upon written request, forward to each Person who at any time during the calendar year was a Holder of a Regular Certificate and the NIMS Insurer a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate and the NIMS Insurer a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each CertificateholderCertificateholder and the NIMS Insurer, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's ’s duties are limited to the extent that the Trust Administrator Master Servicer receives timely reports as required from the ServicersServicer. On each Distribution Date the Trust Administrator shall provide Intex Solutions, Inc. and Bloomberg Financial Markets, L.P. ("“Bloomberg"”) CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg. For each Distribution Date, through and including the Distribution Date in December 2006, the Trust Administrator shall calculate on each Significance Percentage Calculation Date, the Significance Percentage of the Interest Rate Swap Agreement. If on any such Distribution Date, the Significance Percentage is equal to or greater than 9%, the Trust Administrator shall promptly notify the Depositor and the Depositor shall obtain the financial information required to be delivered by the Swap Provider pursuant to the terms of the Interest Rate Swap Agreement. If, on any succeeding Distribution Date through and including the Distribution Date in December 2006, the Significance Percentage is equal to or greater than 10%, the Trust Administrator shall promptly notify the Depositor and the Depositor shall, within 5 Business Days of such Distribution Date, deliver to the Trust Administrator the financial information provided to it by the Swap Provider for inclusion in the Form 10-D relating to such Distribution Date. If on any Distribution Date after December 2006, the Significance Percentage is greater than 10%, the Trust Administrator shall include the Significance Percentage on the statement to Certificateholders for the related Distribution Date. The Trust Administrator shall calculate the Significance Percentage in accordance with the definition of “Significance Percentage” as set forth herein.

Statements to Certificateholders. (a) On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available to each Holder of the Regular Certificates, the Servicer and each Rating Agency, and two Business Days prior to each Distribution Date, the Trustee shall prepare and make available to the Swap Counterparty and any designee of the Swap Counterparty, a statement with respect to information regarding the Mortgage Loans, based solely on, and to the extent of, information provided to the Trustee by the Servicer and the Swap Counterparty pursuant to Section 4.03 hereof, as to the distributions made on such Distribution Date or Swap Payment Date, as applicable, setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates including on account of the Mezzanine Certificates, separately identified, allocable to principal, principal and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesPremiums and Servicer Prepayment Premium Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates (other than the Class P Certificates), including on account of the Mezzanine Certificates, separately identified, allocable to interest; (iii) the Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralization Amount for such Distribution Date and the Overcollateralization Increase Amount for such Distribution Date; (iv) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (ivv) the Guaranteed Distribution for such Distribution Date with respect to Subgroup 1 and Subgroup 2 and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution DateMortgage Pool, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viivi) with respect to Subgroup 1 and Subgroup 2 and the Mortgage Pool, the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivii) with respect to Subgroup 1 and Subgroup 2 and the Mortgage Pool, the number, aggregate principal balanceAggregate Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixviii) with respect to Subgroup 1 and Subgroup 2 and the Mortgage Pool, the number and aggregate unpaid principal balance of the Mortgage Loans (a) delinquent 30 to Delinquent 30-59 days, (b) delinquent 60 to Delinquent 60-89 days, (c) delinquent Delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xix) with respect to Subgroup 1 and Subgroup 2 and the Mortgage Pool, with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xix) with respect to Subgroup 1 and Subgroup 2 and the book value Mortgage Pool, the aggregate of any the Stated Principal Balances of all REO Property Properties as of the close of business on the last Business Day of the calendar month preceding the month of such Distribution Date; (xiixi) with respect to Subgroup 1 and Subgroup 2 and the Mortgage Pool, the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixii) with respect to Subgroup 1 and Subgroup 2 and the Mortgage Pool, the aggregate amount of Realized Losses incurred during the related Prepayment Period calendar month preceding the month of such Distribution Date (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxiii) with respect to Subgroup 1 and Subgroup 2 and the Mortgage Pool, the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiv) the aggregate Certificate Principal Balance of each the Class of A Certificates and the Mezzanine Certificates, after giving effect to the distributions, distributions made on such Distribution Date and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of such Realized Losses; (xvixv) the Certificate Factor for each such Class of LIBOR Certificates applicable to such Distribution Date; (xviixvi) the Monthly Interest Distribution Amounts Distributable Amount in respect of each Class of Class A the Senior Certificates and the Class CE Mezzanine Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofUnpaid Interest Shortfall Amount, if any, paid under the Policy or (in the event with respect to each such Class of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE CertificatesDate, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls, as applicable; (xviiixvii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xixxviii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxix) the Required Overcollateralized Net WAC Rate Carryover Amount for such Distribution Date; (xxi) the Overcollateralization Increase AmountClass A Certificates and the Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xx) the Available Distribution Amount; (xxi) with respect to any Mortgage Loan as to which foreclosure proceedings have been concluded, the loan number and unpaid principal balance of such Mortgage Loan as of the date of such conclusion of foreclosure proceedings; (xxii) with respect to Mortgage Loans as to which a Liquidation Event has occurred, the Overcollateralization Reduction Amountnumber of such Mortgage Loans, if anythe unpaid principal balance of such Mortgage Loans as of the date of such Liquidation Event and the amount of proceeds (including Liquidation Proceeds and Insurance Proceeds) collected in respect of such Mortgage Loans; (xxiii) the respective Pass-Through Rates applicable to the LIBOR Certificates, for such Distribution Date; and (xxiii) Date and the Pass-Through Rate applicable to the Class CE LIBOR Certificates for the immediately succeeding Distribution Date; (xxiv) the amount of any Net Monthly Excess Cash Flow on such Distribution Date and the allocation thereof to the Certificateholders with respect to Allocated Realized Loss Amounts; (xxv) amounts deposited into each Net WAC Reserve Fund; (xxvi) the date when a Stepdown Date has occurred; (xxvii) each Subgroup Net WAC Rate; (xxviii) each Subgroup Maximum Rate; (xxix) whether a Trigger Event has occurred and is continuing; (xxx) the Trust Swap Payment, the Swap Counterparty Payment, the Net Trust Swap Payment or the Net Swap Counterparty Payment; (xxxi) the related Record Date; (xxxii) the related Interest Accrual Period; (xxxiii) the related Determination Date; (xxxiv) the constant default rate; (xxxv) the related Distribution Date; and (xxxvi) the amount of cash received with respect to the related Interest Accrual Period. In addition to the information listed above, not later than the first Business Day immediately following the Determination Date, the Servicer shall provide to the Trustee for inclusion in each such report any other information required by Form 10-D, including, but not limited to, the information required by Item 1121 (17 C.F.R. §229.1121) of Regulation AB that is available to the Servicer (the “Servicer Form 10-D Information”). (b) The Trustee will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Servicer, the Rating Agencies, the Swap Counterparty and any designee of the Swap Counterparty via the Trustee’s internet website. All information from which the Trustee makes such statement will be based solely on information provided by the Servicer pursuant to Section 4.04(a) hereof or the Swap Counterparty pursuant to the Swap Agreement. The Trustee’s website will initially be located at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇/abs. Assistance in using the website can be obtained by calling the Trustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use 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 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 above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. (c) In the case of information furnished pursuant to subclauses subsections (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. . (d) Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses subsections (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. . (e) On each Distribution Date, the Trust Administrator Trustee shall forward make available to the Depositor, the Trustee, to each Holder of a Residual Certificate, and the Certificate Insurer and to the ServicersServicer, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. . (f) Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, 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 prepared by the Trustee and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. (g) The Trust Administrator Trustee shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's Trustee’s duties are limited to the extent that the Trust Administrator Trustee receives timely reports as required from the Servicers. Servicer pursuant to Section 4.03(a) hereof. (h) On each Distribution Date the Trust Administrator Trustee shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) loan level data with respect to all of the Mortgage Loans and CUSIP level factors for each class Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg. In addition if so requested by the Originator, on each Distribution Date the Trustee shall provide to the Originator and at the expense of the Originator, the loan level data with respect to the Mortgage Loans.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available to each Holder of the Regular Certificates, the Servicer and each Rating Agency a statement with respect to information regarding the Mortgage Loans, based solely on, and to the extent of, information provided to the Trustee by the Servicer pursuant to Section 3.19 and Section 4.03 hereof, as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates (other than the Class A-IO Certificates), including on account of the Mezzanine Certificates, separately identified, allocable to principal, principal and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesPremiums and Servicer Prepayment Premium Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates (other than the Class P Certificates), including on account of the Mezzanine Certificates, separately identified, allocable to interest; (iii) the Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for such Distribution Date and the Overcollateralization Increase Amount for such Distribution Date; (iv) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viivi) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixviii) the number and aggregate unpaid principal balance of the Mortgage Loans (a) delinquent 30 to Delinquent 30-59 days, (b) delinquent 60 to Delinquent 60-89 days, (c) delinquent Delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xix) the book value aggregate of any the Stated Principal Balances of all REO Property Properties as of the close of business on the last Business Day of the calendar month preceding the month of such Distribution Date; (xiixi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixii) the aggregate amount of Realized Losses incurred during the related Prepayment Period calendar month preceding the month of such Distribution Date (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxiii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiv) the aggregate Certificate Principal Balance of each the Class of A Certificates and the Mezzanine Certificates, after giving effect to the distributionsdistributions made on such Distribution Date and the Notional Amount of the Class A-IO and Class B-IO Certificates, after giving effect to the distributions made on such Distribution Date and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of such Realized Losses; (xvixv) the Certificate Factor for each such Class of LIBOR Certificates applicable to such Distribution Date; (xviixvi) the Accrued Certificate Interest Distribution Amounts in respect of each Class of Class A the Senior Certificates and the Class CE Subordinate Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofUnpaid Interest Shortfall Amount, if any, paid under the Policy or (in the event with respect to each such Class of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE CertificatesDate, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls, as applicable; (xvii) the Monthly Interest Distributable Amount in respect of the Senior Certificates and the Mezzanine Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, with respect to each such Class of Certificates on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls, as applicable; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Net WAC Rate Carryover Amount for the Class A Certificates and the Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxi) the Overcollateralization Increase Available Distribution Amount, if any, for such Distribution Date; (xxii) with respect to any Mortgage Loan as to which foreclosure proceedings have been concluded, the Overcollateralization Reduction Amountloan number and unpaid principal balance of such Mortgage Loan as of the date of such conclusion of foreclosure proceedings; (xxiii) with respect to Mortgage Loans as to which a Liquidation Event has occurred, if anythe number of such Mortgage Loans, the unpaid principal balance of such Mortgage Loans as of the date of such Liquidation Event and the amount of proceeds (including Liquidation Proceeds and Insurance Proceeds) collected in respect of such Mortgage Loans; (xxiv) the respective Pass-Through Rates applicable to the LIBOR Certificates, for such Distribution Date; and (xxiii) Date and the Pass-Through Rate applicable to the Class CE LIBOR Certificates for the immediately succeeding Distribution Date; (xxv) the amount of any payment made by the Counterparty under the Yield Maintenance Agreement; (xxvi) the amount of any Net Monthly Excess Cash Flow on such Distribution DateDate and the allocation thereof to the Certificateholders with respect to Allocated Realized Loss Amounts; (xxvii) amounts deposited into each Net WAC Reserve Fund; (xxviii) the date when a Stepdown Date has occurred; (xxix) the related Net WAC Rate, the Class A-IO Net WAC Rate and the Class B-IO Cap Rate for the related Certificates; and (xxx) whether a Trigger Event has occurred and is continuing. The Trustee will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Servicer, the Rating Agencies and the Counterparty via the Trustee’s internet website. All information from which the Trustee makes such statement will be based solely on information provided by the Servicer pursuant to Section 3.19 and Section 4.03(a) hereof. The Trustee’s internet website shall initially be located at “▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇/abs”. The fax on demand service can be obtained by calling the Trustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use 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 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 above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator Trustee shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, and the Certificate Insurer and to the ServicersServicer, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, 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 prepared by the Trustee and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Trust Administrator Trustee shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's Trustee’s duties are limited to the extent that the Trust Administrator Trustee receives timely reports as required from the ServicersServicer pursuant to Section 3.19 and Section 4.03(a) hereof. On each Distribution Date the Trust Administrator Trustee shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) loan level data with respect to all of the Mortgage Loans and CUSIP level factors for each class Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg. In addition if so requested by the Originator, on each Distribution Date the Trustee shall provide to the Originator and at the expense of the Originator, the loan level data with respect to the Mortgage Loans.

Statements to Certificateholders. On each Distribution Date, Date the Trust Administrator Trustee shall prepare and forward or cause to be forwarded by mail to each Holder of a Certificate and to the Regular Certificates, Depositor and the Master Servicer a statement as to such distribution setting forth the distributions made on such Distribution Date setting forthfollowing information as to each Class of Certificates to the extent applicable: (ia) the amount of the such distribution made on such Distribution Date to the Holders Certificateholders of such Class applied to reduce the Certificates of each Class allocable to principalCertificate Principal Balance thereof, and (b) the aggregate amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Chargesincluded therein representing Principal Prepayments; (ii) the amount of total cash flows received and the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interestgeneral sources thereof; (iii) the aggregate Servicing Fee received by each Servicer applicable record dates, accrual periods, determination dates for calculating distributions and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsgeneral distribution dates; (iv) the Guaranteed Distribution for amount of such Distribution Date and distribution to the respective portions thereof Holders of such Class allocable to principal and interest; (v) [the amount of any Insurance Payment made net swap payment payable to the Derivative Administrator, any Net Swap Payment payable to the Swap Provider, any swap termination payment payable to the derivative administrator and any Swap Termination Payment payable to the Swap Provider;] (vi) if the distribution to the Certificateholders of such Class A Certificates on is less than the full amount that would be distributable to such Distribution DateCertificateholders if there were sufficient funds available therefor, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Dateshortfall; (vii) the amount of any Advance by the Master Servicer pursuant to Section 4.04 (including the general purpose of such Advance), the aggregate amount of unreimbursed Advances at the close of business on the Distribution Date, and the general source of funds for reimbursement; (viii) the number and aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as after giving effect to the distribution of the close of business principal on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made amounts distributed on such Distribution Date, separately identifying any reduction thereof due to allocations Realized Losses other than pursuant to an actual distribution of Realized Lossesprincipal; (x) the related Subordinate Principal Distribution Amount; (xi) the related amount of Servicing Fees paid to or retained by the Master Servicer; (xii) on the basis of the most recent reports furnished to it by Sub-Servicers, the number and aggregate principal balances of Mortgage Loans that are delinquent (A) one month, (B) two months and (C) three months, and the number and aggregate principal balance of Mortgage Loans that are in foreclosure; (xiii) the number, aggregate principal balance and book value of any REO Properties; (xiv) the aggregate Accrued Certificate Interest remaining unpaid, if any, for each Class of Certificates, after giving effect to the distribution made on such Distribution Date; (xv) the Special Hazard Amount, Fraud Loss Amount and Bankruptcy Amount as of the close of business on such Distribution Date and a description of any change in the calculation of such amounts; (xvi) the Certificate Factor Pass-Through Rate on the Class A-7 Certificates for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect occurrence of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest ShortfallsCredit Support Depletion Date; (xviii) the aggregate amount of any Prepayment Interest Shortfall for Senior Accelerated Distribution Percentage applicable to such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24distribution; (xix) the aggregate amount of Relief Act Interest Shortfalls Senior and Class B Percentages for such Distribution Date; (xx) the Required Overcollateralized Amount for aggregate amount of Realized Losses allocated to the Certificates on such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Dateaggregate amount of any recoveries on previously foreclosed loans from the Seller due to a breach of representation or warranty; (xxii) if applicable, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the Overcollateralization Reduction Amountpreceding calendar month or that have become material over time; (xxiii) updated pool composition data including the following with respect to each Loan Group: average loan balance, if anyweighted average mortgage rate, weighted average loan-to-value ratio at origination, weighted average FICO at origination weighted average remaining term; and [NOTE - Item 1121(a)(8) requires updated pool composition information, the foregoing is a suggestion of what to provide]; (xxiv) information about any additions of, substitutions for or removal of any Mortgage Loans from the Trust Fund, and any changes in the underwriting, acquisition or selection criteria as to any Mortgage Loans added to the Trust Fund; (xxv) the weighted average remaining term to maturity of the Mortgage Loans after giving effect to the amounts distributed on such Distribution Date; and (xxiiixxvi) the Pass-Through Rate applicable weighted average Mortgage Rates of the Mortgage Loans after giving effect to the Class CE Certificates for amounts distributed on such Distribution Date. In the case of information furnished pursuant to subclauses (i) through and (iiiii) above, the amounts shall also be expressed as a dollar amount per Single Certificate of the relevant ClassCertificate. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish prepare and forward to each Person who at any time during the calendar year was a Holder of a Regular Certificate Certificate, a statement containing the information set forth in subclauses (i) through and (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such person Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code and regulations thereunder as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.

Statements to Certificateholders. On each Distribution Date, the Trust Securities Administrator shall prepare and forward by mail make available to each Holder of the Regular Certificates and the Residual Certificates, the Servicer, the Swap Provider, the Trust Oversight Manager and each Rating Agency a statement with respect to information regarding the Mortgage Loans, based solely on, and to the extent of, information provided to the Securities Administrator by the Servicer pursuant to Section 3.19 and Section 4.03 hereof, as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates, including on account of the Mezzanine Certificates, separately identified, allocable to principal, principal and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesPremiums and Servicer Prepayment Premium Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates (other than the Class P Certificates), including on account of the Mezzanine Certificates, separately identified, allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the aggregate Master Servicing Fee received by Overcollateralization Target Amount as of such Distribution Date and the Master Servicer during Excess Overcollateralized Amount for such Distribution Date and the related Due Period and Overcollateralization Increase Amount for such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsDistribution Date; (iv) the Guaranteed Distribution for such Distribution Date and aggregate Servicing Fee received by the respective portions thereof allocable to principal and interestServicer during the related Due Period; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viivi) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixviii) the number and aggregate unpaid principal balance of the Mortgage Loans (a) delinquent 30 to Delinquent 30-59 days, (b) delinquent 60 to Delinquent 60-89 days, (c) delinquent Delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which Mortgage Loans in foreclosure proceedings have been commenced and (e) with respect Mortgage Loans subject to which filing under the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forceBankruptcy Code; (xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xix) the book value aggregate of any the Stated Principal Balances of all REO Property Properties as of the close of business on the last Business Day of the calendar month preceding the month of such Distribution Date; (xiixi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixii) the aggregate amount of Realized Losses incurred during the related Prepayment Period calendar month preceding the month of such Distribution Date (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxiii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiv) the aggregate Certificate Class Principal Balance Amount of each the Class of A Certificates and the Mezzanine Certificates, after giving effect to the distributionsdistributions made on such Distribution Date, after giving effect to the distributions made on such Distribution Date and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of such Realized Losses; (xvixv) the Certificate Factor for each such Class of LIBOR Certificates applicable to such Distribution Date; (xviixvi) the Monthly Interest Distribution Amounts Distributable Amount in respect of each Class of Class A the Senior Certificates and the Class CE Mezzanine Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofUnpaid Interest Shortfall Amount, if any, paid under the Policy or (in the event with respect to each such Class of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE CertificatesDate, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls, as applicable; (xviiixvii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xixxviii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxix) the Required Overcollateralized Net WAC Rate Carryover Amount for such Distribution Date; (xxi) the Overcollateralization Increase AmountClass A Certificates and the Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xx) the Available Funds; (xxi) with respect to Mortgage Loans as to which a Liquidation Event has occurred, the number of such Mortgage Loans, the unpaid principal balance of such Mortgage Loans as of the date of such Liquidation Event and the amount of proceeds (including Liquidation Proceeds and Insurance Proceeds) collected in respect of such Mortgage Loans; (xxii) the Overcollateralization Reduction Amount, if anyrespective Pass-Through Rates applicable to the LIBOR Certificates, for such Distribution Date; and (xxiii) Date and the Pass-Through Rate applicable to the Class CE LIBOR Certificates for the immediately succeeding Distribution Date; (xxiii) the amount of any payment made by the Swap Provider under the Swap Agreement; (xxiv) the amount of any Net Monthly Excess Cash Flow on such Distribution DateDate and the allocation thereof to the Certificateholders with respect to Allocated Realized Loss Amounts; (xxv) amounts deposited into the Net WAC Reserve Fund; (xxvi) the date when a Stepdown Date has occurred; (xxvii) the related Net WAC Rate; (xxviii) whether a Trigger Event has occurred and is continuing; (xxix) amounts payable to the Holders of Residual Certificates; (xxx) whether a Sequential Trigger Event is in effect; and (xxxi) the Net Swap Payment. The Securities Administrator will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Servicer, the Rating Agencies, the Trustee, the Trust Oversight Manager and the Swap Provider via the Securities Administrator’s internet website. All information from which the Securities Administrator makes such statement will be based solely on information provided by the Servicer pursuant to Section 3.19 and Section 4.03(a) hereof or by the Swap Provider pursuant to the Swap Agreement. The Securities Administrator’s internet website shall initially be located at “▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/sfr”. Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use 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 Securities Administrator 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 above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iiiii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Securities Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Securities Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Securities Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared by the Securities Administrator and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Trust Securities Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Securities Administrator's ’s duties are limited to the extent that the Trust Securities Administrator receives timely reports as required from the ServicersServicer pursuant to Section 3.19 and Section 4.03(a) hereof. On each Distribution Date the Trust Securities Administrator shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) loan level data with respect to all of the Mortgage Loans and CUSIP level factors for each class Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Securities Administrator and Bloomberg. In addition if so requested by the Originator, on each Distribution Date the Securities Administrator shall provide to the Originator and at the expense of the Originator, the loan level data with respect to the Mortgage Loans. No later than five (5) Business Days prior to each Distribution Date for so long as the Swap Agreement is outstanding, the Depositor shall provide to the Securities Administrator the aggregate Class Principal Amount of the Senior and Mezzanine Certificates not held by the Seller, the Depositor or any of their respective affiliates, provided, however, that the Depositor shall not be required to give such notice if the Seller, the Depositor or any of their respective affiliates do not own any such Certificates. The Securities Administrator shall provide such aggregate principal amount to the Swap Provider on such fifth preceding Business Day upon receipt if it receives notice of such holdings from the Depositor.

Statements to Certificateholders. On Concurrently with each distribution on a Distribution Date, the Trust Administrator shall prepare and Trustee will forward by mail to each the Holder of the Regular Certificateseach Certificate, each Rating Agency a statement as to generally setting forth the distributions made on such Distribution Date setting forthfollowing information: (i) the amount of the distribution made on Available Interest Funds and Available Principal Funds for such Distribution Date to the Holders of the Certificates of each Class allocable to principalDate, and the amount (if any) by which Available Principal Funds has been reduced on account of the distribution made on such Distribution Date to payment of certain expenses, liabilities and taxes described in the Holders of the Class P Certificates allocable to Prepayment Chargesdefinition thereof; (ii) with respect to such Distribution Date, the aggregate amount of the distribution made on such Distribution Date principal and interest, stated separately, distributed to the Holders of the Certificates of each Class allocable to interestof Certificates; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, with respect to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and interest shortfall for each Class of Certificates, together with the amount of Cumulative Insurance Payments after giving effect to any unpaid interest shortfall for such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for immediately following such Distribution Date; (viiiv) with respect to each Class of Certificates, the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on losses allocated to such Class with respect to such Distribution Date; (viiiv) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Class Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations distributions of Realized Losses, made principal of such Certificates on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiiivi) the Pass-Through Rate applicable for each Class of LIBOR Certificates for the current and following Distribution Dates; and (vii) any additional amount distributed to the Holder of the Class CE Certificates for A-R Certificate on such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) aboveaddition, the amounts shall be expressed as a dollar amount per Single Certificate Trustee will furnish to Certificateholders copies of the relevant Classstatements received by the Trustee as the holder of the Deposited Underlying Certificates on behalf of the Trust Fund. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish Trustee will prepare and deliver to each Person person who at any time during the previous calendar year was a Holder Certificateholder of a Regular Certificate record a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed required to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to satisfy any requirements of the Code Code, the REMIC Provisions and regulations thereunder as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.023.08, the Trust AdministratorTrustee's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable adequate information is reasonably available to the Trust Administrator and BloombergTrustee as described herein.

Statements to Certificateholders. (a) On each Regular Distribution Date and Special Distribution Date, the Trust Administrator shall prepare and forward by mail Trustee will include with each distribution to each Holder Certificateholders of the Regular Certificatesrecord a statement, a statement as giving effect to the distributions such distribution to be made on such Regular Distribution Date or Special Distribution Date, as the case may be, setting forth:forth the following information (per a $1,000 face amount Certificate as to (i) and (ii) below): (i) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, principal and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges;premium, if any; and (ii) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest;; and (iii) the aggregate Servicing Fee received by each Servicer Pool Balance and the aggregate Master Servicing Fee received by Pool Factor. With respect to the Master Servicer during Certificates registered in the related Due Period and such other customary information as name of the Trust Administrator deems necessary Depository or desirableits nominee, or which a Certificateholder reasonably requests, on the Record Date prior to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such each Regular Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Special Distribution Date, the amount Trustee will request from the Depository a securities position listing setting forth the names of any reimbursement payment made to all the Certificate Insurer Clearing Agency Participants reflected on the Depository's books as holding interests in the Certificates on such Record Date. On each Regular Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Special Distribution Date; (vii) , the aggregate Stated Principal Balance Trustee will mail to each such Clearing Agency Participant the statement described above and will make available additional copies as requested by such Clearing Agency Participants for forwarding to holders of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date;Certificates. (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar yearyear but not later than the latest date permitted by law, the Trust Administrator Trustee shall furnish to each Person who at any time during the such calendar year was a Holder Certificateholder of a Regular Certificate record a statement containing the information set forth in subclauses sum of the amounts determined pursuant to clauses (a) (i) through and (iiia) above, aggregated (ii) with respect to the Trust for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of or, in the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which event such Person was a Certificateholder of record during a portion of such calendar year, for the applicable portion of such year, and such other items as are readily available to the Trustee and which a Certificateholder shall reasonably request in writing as necessary for the purpose of such Certificateholder's preparation of its Federal income tax returns. The Trust Administrator shall, upon request, furnish With respect to each Certificateholder, during Certificates registered in the term name of this Agreementthe Depository or its nominee, such periodic, special, or statement and such other reports or information, whether or not provided for herein, as items shall be reasonable with respect prepared on the basis of information supplied to the Certificateholder, or otherwise with respect Trustee by the Clearing Agency Participants and shall be delivered by the Trustee to such Clearing Agency Participants to be available for forwarding by such Clearing Agency Participants to the purposes holders of this Agreement, all such reports or information to be provided at interests in the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and BloombergCertificates.

Statements to Certificateholders. On Concurrently with each distribution charged to the Certificate Account on a Distribution DateDate the Trustee shall make available on its web site, the Trust Administrator shall prepare and forward by mail to each Holder of the Regular Certificateslocated at ▇▇▇▇://▇▇▇-▇▇▇▇.▇▇▇.▇▇▇▇▇▇▇▇-▇▇▇▇.▇▇▇/invr, a written statement as (a "Statement to Certificateholders") setting forth the following information with respect to the distributions made on such Distribution Date setting forthOffered Certificates: (ia) the amount of the distribution made on such Distribution Date with respect to the Holders of the Certificates of each Class allocable to principal, and of Certificates (based on a Certificate in the original principal amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges$1,000); (iib) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interestprincipal on the related Mortgage Loans in each Mortgage Loan Group, separately identifying the aggregate amount of any Prepayments or other recoveries of principal included therein; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (vc) the amount of any Insurance Payment made such distribution allocable to interest on the Class A Certificates on such Distribution Date, related Mortgage Loans in each Mortgage Loan Group separately identifying the aggregate amount of any reimbursement payment made to prepayment or other recoveries of principal included therein; (d) the Class Monthly Interest Amount and Class Interest Carryover Shortfall for each Class of Certificates; (e) the outstanding Certificate Insurer Principal Balance of each Class of Offered Certificates (based on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and a Certificate in the original principal amount of Cumulative Insurance Payments $1,000) that will be outstanding after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business principal on such Distribution Date; (viiif) the numberaggregate of the Principal Balances of all Mortgage Loans after giving effect to any payments of principal on such Distribution Date by Mortgage Loan Group and for the entire Trust, aggregate principal balanceand each Group Factor; (g) based upon information furnished by the Servicer, weighted average remaining term such information as may be required by Section 6049(d)(7)(C) of the Code and the regulations promulgated thereunder to maturity assist the Certificateholders in computing their market discount; (h) the total of all amounts paid by the Seller and the Servicer during the related Collection Period in connection with purchases or repurchases from the Trust of Mortgage Loans and substitutions for Mortgage Loans of Qualified Replacement Mortgage Loans with respect to each Mortgage Loan Group and by reason for such purchase; (i) the weighted average Mortgage Loan Rate of the Mortgage Loans as of the related Due Datein each Mortgage Loan Group; (ixj) whether a Delinquency Event or a Cumulative Loss Event has occurred and, if so, what event; (k) the number amount of any Excess Interest included in such distribution; (l) the Overcollateralization Amount, Required Overcollateralization Amount and Applied Realized Loss Amount, both in the aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under each applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if anyClass, for such Distribution Date; (xxiim) the Overcollateralization Reduction AmountBasic Principal Amount with respect to each Mortgage Loan Group; (n) the amount of any Net Rate Cap Carryover paid and remaining unpaid as of such Distribution Date; (o) the Capitalized Interest Requirement and amounts remaining in the Prefunding Account each as of such Distribution Date; (p) the amount of any draw to be made on any PMI Policy on the related Distribution Date, and the amounts to be paid to the PMI Insurer, if any, for as of such Distribution DateDate in respect of the PMI Insurer Premiums with respect to each PMI Mortgage Loan in the related Mortgage Loan Group; (q) with respect to each Mortgage Loan Group, the number of Mortgage Loans in each Mortgage Loan Group and the aggregate of their Principal Balances as a percentage of the Group I Balance or Group II Balance, as appropriate, that as of the end of the immediately preceding calendar month are (i) 30 to 59 days delinquent, (ii) 60 to 89 days delinquent, (iii) 90 or more days delinquent, (iv) the subject of bankruptcy proceedings (to the actual knowledge of the Servicer), (v) in foreclosure and (vi) as to which the related Mortgaged Property is REO Property; and (xxiiir) the Pass-Through Rate applicable Certificate Principal Balance of each Class of Certificates then outstanding after giving effect to the Class CE Certificates for all payments or principal on such Distribution Date. In the case of information furnished pursuant to subclauses (ia), (b), (c) through and (iiid) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Classwith a $1,000 principal denomination. Within a reasonable period of time 90 days after the end of each calendar year, the Trust Administrator Trustee shall furnish mail such report to Greenwich Capital Markets, Inc., ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, Attention: Mortgage Finance (which report shall include, in addition to the information contained in reports to others hereunder, the total amount of interest on the Mortgage Loans for the period covered by such report), and to each Person who at any time during the calendar year was a Holder of a Regular Certificate an Offered Certificateholder, a statement for each Certificateholder containing the information set forth in subclauses (ia) through (iiic) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of or, in the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end case of each Person who was an Offered Certificateholder for a portion of such calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth such information for each month thereof for the amount, if any, actually distributed with respect to portion of the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish Servicer shall provide any other information necessary in order to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with report income in respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors Certificateholders for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloombergfederal income tax purposes.

Statements to Certificateholders. On each Distribution Date, the Trust Securities Administrator shall prepare and forward by mail provide or make available, upon request to each Holder of the Regular Certificates, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the 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 the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viiv) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution DateReserved; (viiivi) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixvii) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Scheduled Principal Balance of such Mortgage Loan as of the date it became an REO PropertyLoan; (xiix) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xiix) the aggregate amount of Principal Prepayments made during the related Prepayment PeriodPeriod and the aggregate amount of any Prepayment Charges (or payments by the Servicers in respect of any waived Prepayment Charges) received in respect thereof; (xiiixi) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Master Servicer Collection Account or the Distribution Account for such Distribution Date; (xvxiii) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvixiv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixv) the Interest Distribution Amounts Amount in respect of each Class of the Class A Certificates, the Class A-IO Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date andand the Interest Carry Forward Amount, in if any, with respect to the case of each Class of Class A Certificates, the portion thereof, if any, paid under Class A-IO Certificates and the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Mezzanine Certificates on such Distribution Date andDate, and in the case of the Class A Certificates or Certificates, the Class CE A-IO Certificates and the Mezzanine Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Shortfalls, Relief Act Interest Shortfalls and Basis Risk Shortfalls; (xviiixvi) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Master Servicer pursuant to Section 3.243.20; (xixxvii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxviii) the Required Overcollateralized Overcollateralization Amount and the Credit Enhancement Percentage for such Distribution Date; (xxixix) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxiixx) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and; (xxi) the Basis Risk Shortfall, if any, for such Distribution Date; (xxii) the Unpaid Basis Risk Shortfalls, if any, outstanding after reimbursements therefor on such Distribution Date; (xxiii) the respective Pass-Through Rates applicable to the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and the Pass-Through Rate applicable to the Class CE A Certificates and the Mezzanine Certificates for the Distribution Date; (xxiv) the balance of the Reserve Fund prior to the deposit or withdrawal of any amounts on such Distribution Date; (xxv) the amount of any withdrawal from the Reserve Fund pursuant to Section 4.01(a)(4)(xii); (xxvi) the balance of the Reserve Fund after all deposits and withdrawals on such Distribution Date; (xxvii) the Loss Severity Percentage with respect to each Mortgage Loan; (xxviii) the Aggregate Loss Severity Percentage; (A) the dollar amount of payments received related to claims under the [______________] PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such payments related) and (B) the cumulative amount of payments received related to claims under the [______________] PMI Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); and (xxx) (A) the dollar amount of claims made under the [______________] PMI Policy that were denied during the Prepayment Period (and the number of Mortgage Loans to which such denials related) and (B) the dollar amount of the cumulative claims made under the [______________] PMI Policy that were denied since the Closing Date (and the number of Mortgage Loans to which such denials related). The Securities Administrator will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders, the Trustee and the Rating Agencies via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at [______________] and assistance in using the website can be obtained by calling the Securities Administrator's customer service desk at [______________]. Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator 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 above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Securities Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Securities Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Securities Administrator and Bloomberg.

Statements to Certificateholders. On each Distribution Date, the Trust Securities Administrator shall prepare and forward by mail make available to each Holder of the Regular CertificatesCertificates and the Residual Interests, the Servicer, the Swap Provider, the Trust Oversight Manager and each Rating Agency a statement with respect to information regarding the Mortgage Loans, based solely on, and to the extent of, information provided to the Securities Administrator by the Servicer pursuant to Section 4.03 hereof, as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates, including on account of the Mezzanine Certificates, separately identified, allocable to principal, principal and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesPremiums and Servicer Prepayment Premium Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates (other than the Class P Certificates), including on account of the Mezzanine Certificates, separately identified, allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the aggregate Master Servicing Fee received by Overcollateralization Target Amount as of such Distribution Date and the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution Excess Overcollateralized Amount for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances Overcollateralization Increase Amount for such Distribution Date; (viiiv) the aggregate Servicing Fee received by the Servicer during the related Due Period; (v) [Reserved]; (vi) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixviii) the number and aggregate unpaid principal balance of the Mortgage Loans (a) delinquent 30 to Delinquent 30-59 days, (b) delinquent 60 to Delinquent 60-89 days, (c) delinquent Delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which Mortgage Loans in foreclosure proceedings have been commenced and (e) with respect Mortgage Loans subject to which filing under the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forceBankruptcy Code; (xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xix) the book value aggregate of any the Stated Principal Balances of all REO Property Properties as of the close of business on the last Business Day of the calendar month preceding the month of such Distribution Date; (xiixi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in calendar month preceding the case month of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses Distribution Date and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxiii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiv) the aggregate Certificate Class Principal Balance Amount of each the Class of A Certificates and the Mezzanine Certificates, after giving effect to the distributionsdistributions made on such Distribution Date, after giving effect to the distributions made on such Distribution Date and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of such Realized Losses; (xvixv) the Certificate Factor for each such Class of LIBOR Certificates applicable to such Distribution Date; (xviixvi) the Monthly Interest Distribution Amounts Distributable Amount in respect of each Class of Class A the Senior Certificates and the Class CE Mezzanine Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofUnpaid Interest Shortfall Amount, if any, paid under the Policy or (in the event with respect to each such Class of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE CertificatesDate, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls, as applicable; (xviiixvii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xixxviii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxix) the Required Overcollateralized Net WAC Rate Carryover Amount for such Distribution Date; (xxi) the Overcollateralization Increase AmountClass A Certificates and the Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xx) the Available Funds; (xxi) [Reserved]; (xxii) the Overcollateralization Reduction Amount, if anyrespective Pass-Through Rates applicable to the LIBOR Certificates, for such Distribution Date; and (xxiii) Date and the Pass-Through Rate applicable to the Class CE LIBOR Certificates for the immediately succeeding Distribution Date; (xxiii) the amount of any payment made by the Swap Provider under the Swap Agreement; (xxiv) the amount of any Net Monthly Excess Cash Flow on such Distribution DateDate and the allocation thereof to the Certificateholders with respect to Allocated Realized Loss Amounts; (xxv) amounts deposited into the Net WAC Reserve Fund; (xxvi) the date when a Stepdown Date has occurred; (xxvii) the related Net WAC Rate; (xxviii) whether a Trigger Event has occurred and is continuing; (xxix) amounts payable to the Holders of Residual Interests; and (xxx) the Net Swap Payment. The Securities Administrator will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Servicer, the Rating Agencies, the Trustee, the Trust Oversight Manager and the Swap Provider via the Securities Administrator’s internet website. All information from which the Securities Administrator makes such statement will be based solely on information provided by the Servicer pursuant to Section 4.03(a) hereof or by the Swap Provider pursuant to the Swap Agreement. The Securities Administrator’s internet website shall initially be located at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/sfr. Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use 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 Securities Administrator 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 above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iiiii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Securities Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Securities Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Securities Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate Interest a statement setting forth the amount, if any, actually distributed with respect to the Residual CertificatesInterests, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared by the Securities Administrator and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Trust Securities Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Securities Administrator's ’s duties are limited to the extent that the Trust Securities Administrator receives timely reports as required from the ServicersServicer pursuant to Section 4.03(a) hereof. On each Distribution Date the Trust Securities Administrator shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) loan level data with respect to all of the Mortgage Loans and CUSIP level factors for each class Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Securities Administrator and Bloomberg. In addition if so requested by the Originator, on each Distribution Date the Securities Administrator shall provide to the Originator and at the expense of the Originator, the loan level data with respect to the Mortgage Loans. No later than five (5) Business Days prior to each Distribution Date for so long as the Swap Agreement is outstanding, the Depositor shall provide to the Securities Administrator the aggregate Class Principal Amount of the Senior and Mezzanine Certificates not held by the Seller, the Depositor or any of their respective affiliates, provided, however, that the Depositor shall not be required to give such notice if the Seller, the Depositor or any of their respective affiliates do not own any such Certificates. The Securities Administrator shall provide such aggregate principal amount to the Swap Provider on such fifth preceding Business Day upon receipt if it receives notice of such holdings from the Depositor.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available to each Holder of the Regular Certificates, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the 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 the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viiv) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivi) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due DateDate and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Due Period; (ixvii) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 30-59 days, (b) delinquent 60 to 60-89 days, (c) delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiix) the book value and the Stated Principal Balance of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xiix) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixi) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiii) the aggregate Certificate Principal Balance of the each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvixiv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixv) the Interest Distribution Amounts Amount in respect of each Class of the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofInterest Carry Forward Amount, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in with respect of to the Class A Certificates and the Mezzanine Certificates on such Distribution Date andDate, and in the case of the Class A Certificates, the Mezzanine Certificates or and the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviiixvi) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Master Servicer pursuant to Section 3.24; (xixxvii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxviii) the Required Overcollateralized Amount and the Credit Enhancement Percentage for such Distribution Date; (xxixix) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxiixx) the Overcollateralization Reduction Amount, if any, for such Distribution Date; (xxi) with respect to any Mortgage Loan as to which foreclosure proceedings have been concluded, the loan number and unpaid principal balance of such Mortgage Loan as of the date of such conclusion of foreclosure proceedings; (xxii) with respect to Mortgage Loans as to which a Final Liquidation has occurred, the number of Mortgage Loans, the unpaid principal balance of such Mortgage Loans as of the date of such Final Liquidation and the amount of proceeds (including Liquidation Proceeds and Insurance Proceeds) collected in respect of such Mortgage Loans; and (xxiii) the respective Pass-Through Rates applicable to the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and the Pass-Through Rate applicable to the Class CE A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date. (xxiv) the amount on deposit in the Pre-Funding Account and the Interest Coverage Account; (xxv) for the distribution occurring on the Distribution Date immediately following the end of the Funding Period, the current balance on deposit in the Pre-Funding Account that has not been used to purchase Subsequent Mortgage Loans and that is being distributed to the Class A-1 Certificateholders as a mandatory prepayment of principal, if any, on such Distribution Date; The Trustee will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the Rating Agencies via the Trustee's internet website and its fax-on-demand service. The Trustee's fax-on-demand service may be accessed by calling (301) 815-6610. The Trustee's inter▇▇▇ ▇▇▇▇▇▇▇ ▇▇all initially be located at "www.ctslink.com". Assistance in usi▇▇ ▇▇▇ ▇▇▇▇▇▇▇ or the fax-on- demand service can be obtained by calling the Trustee's customer service desk at (301) 815-6600. Parties that are un▇▇▇▇ ▇▇ ▇▇▇ ▇▇e 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 above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, 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 prepared by the Trustee and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Trust Administrator Trustee shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust AdministratorTrustee's duties are limited to the extent that the Trust Administrator Trustee receives timely reports as required from the ServicersMaster Servicer. On each Distribution Date the Trust Administrator Trustee shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg.

Statements to Certificateholders. (a) On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail include with each distribution to each Holder Certificateholder of record, a statement, prepared by the Servicer, based on information in the Servicer's Certificate furnished pursuant to Section 3.10, setting forth for the related Collection Period the following information as of the Regular Certificates, a statement as to the distributions made on related Record Date or such Distribution Date setting forthDate, as the case may be: (i) the amount of the such distribution made allocable to principal on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesCertificates; (ii) the amount of the such distribution made allocable to interest on such Distribution Date to the Holders of the Certificates of each Class allocable to interestof Certificates; (iii) the aggregate Servicing Fee received by each Servicer and Pool Balance as of the aggregate Master Servicing Fee received by close of business on the Master Servicer during the related Due Period and last day of such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsCollection Period; (iv) the Guaranteed Distribution for such Distribution Date amount of the Basic Servicing Fee paid to the Servicer with respect to the related Collection Period and the respective portions thereof allocable amount of any Supplemental Servicing Fee received by the Servicer with respect to principal and interestsuch Collection Period; (v) the amount of any Insurance Payment made the Interest and Principal Carryover Shortfalls with respect to the each Class A Certificates on such Distribution Dateof Certificates, the amount of any reimbursement payment made to the Certificate Insurer if any, on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any change in such Insurance Payment to amounts from the Class A Certificateholders or any such reimbursement payment to the Certificate Insurerimmediately preceding Distribution Date; (vi) the aggregate amount Class A Certificate Balance, the Class B Certificate Balance and the Pool Factor with respect to each Class of P&I Advances for Certificates as of such Distribution Date, in each case after giving effect to distributions in respect of principal reported under clause (i) above; (vii) the aggregate Stated Principal Balance of amount otherwise distributable to the Mortgage Loans and any REO Properties as of Class B Certificateholders that is distributed to the close of business Class A Certificateholders on such Distribution Date; (viii) the numberbalance on deposit in the Reserve Fund, aggregate principal balanceafter giving effect to distributions made on such Distribution Date, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of change in such balance from the related Due immediately preceding Distribution Date; (ix) the number aggregate amount of Payments Ahead on deposit in the Payahead Account or held by the Servicer and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, the change in each case, as of such amount from the last day of the immediately preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forceDistribution Date; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions Outstanding Advances made in respect of such Collection Period and the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for unreimbursed Advances on such Distribution Date; and (xxiiixi) the Pass-Through Rate applicable to Specified Reserve Fund Balance, the Class CE Certificates for amount on deposit in the Reserve Fund, any Required Yield Maintenance Amount and Yield Maintenance Amount as of such Distribution Date. In the , in each case of information furnished pursuant after giving effect to subclauses all distributions, deposits and withdrawals made on such Distribution Date. (ib) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, but not later than the Trust Administrator latest date permitted by law, the Trustee shall furnish mail a statement or statements prepared by the Servicer to each Person who at any time during the such calendar year was shall have been a Holder of a Regular Class A or Class B Certificate a statement containing that reiterates the information amounts set forth in subclauses clauses (i), (ii), (iv) through and (iiiv) aboveabove for each Distribution Date during the preceding calendar year and that specifies in the aggregate the amounts set forth in clauses (i), aggregated (ii), (iv) and (v) above for such calendar year or applicable portion thereof during which for purposes of such person was a Certificateholder's preparation of federal income tax returns. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution DateIn addition, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Servicer shall furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, at such periodic, special, or time any other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from Servicer actually knows is necessary under applicable law for the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as preparation of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloombergincome tax returns.

Statements to Certificateholders. (a) On or before two Business Days prior to each Distribution Payment Date, the Trust Administrator Servicer shall prepare and, concurrently with each distribution to Certificateholders pursuant to Article VIII, the Trustee, in its capacity as Certificate Registrar and forward by mail Paying Agent, shall cause to be delivered and mailed to each Holder of a Class A Certificate and each Holder of a Class B Certificate at the Regular Certificates, address appearing on the Certificate Register a statement as to of the distributions made on such Distribution related Payment Date setting forth: (i) the amount of the distribution made distributed on such Distribution Date to the Holders of the Certificates of each Class date and allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders principal of the Class P A Certificates allocable to Prepayment Chargesand the Class B Certificates; (ii) the amount of the distribution made distributed on such Distribution Date to the Holders of the Certificates of each Class date and allocable to interestinterest on the Class A Certificates and the Class B Certificates; (iii) the aggregate Servicing Fee received by each Servicer amount of the Class A and Class B Principal and Interest Carryover Shortfalls, if any, for such Payment Date and the aggregate Master Servicing Fee received by change in the Master Servicer during Class A and Class B Principal and Interest Carryover Shortfalls from the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsimmediately preceding Payment Date; (iv) the Guaranteed Distribution for amount otherwise distributable to the Class B Certificateholders that will be distributed to the Class A Certificateholders on such Distribution Date and the respective portions thereof allocable to principal and interestPayment Date; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date distributions described in (i) or (ii) above payable pursuant to Section 4.01(a)(2)(iv) a claim on the Reserve Fund or from any other source not constituting Available Funds and the amount of Cumulative Insurance Payments remaining in the Reserve Fund after giving effect to any all deposits and withdrawals from the Reserve Fund on such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurerdate; (vi) the aggregate amount of P&I Advances for any Special Distribution to be made on such Distribution Payment Date; (vii) for each Payment Date during the aggregate Stated Principal Balance of Funding Period, the Mortgage Loans and any REO Properties as of the close of business on such Distribution Dateremaining Pre-Funded Amount; (viii) for each Payment Date to and including the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate Payment Date immediately following the end of the Mortgage Loans as Funding Period, the Principal Balance and number of Subsequent Contracts conveyed to the Trust during the related Due DatePeriod; (ix) the number remaining Class A Certificate Balance and aggregate unpaid Class B Certificate Balance after giving effect to the distribution of principal balance of Mortgage Loans (aand Special Distribution, if any) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forcebe made on such Payment Date; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Pool Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day day of the calendar month preceding related Due Period; (xi) the Distribution Class A Pool Factor and the Class B Pool Factor immediately before and immediately after such Payment Date; (xii) the aggregate amount of Principal Prepayments made during fees payable out of the related Prepayment PeriodTrust, separately identifying the Monthly Servicing Fee and the Trustee Fee; (xiii) the number and aggregate amount Principal Balance of Realized Losses incurred during Contracts delinquent 31-59 days, 60-89 days and 90 or more days, computed as of the related Prepayment Period (or, in the case end of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the number and aggregate Principal Balance of Contracts that became Liquidated Contracts during the immediately preceding Due Period, the amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account liquidation proceeds for such Distribution DateDue Period, the amount of liquidation expenses being deducted from liquidation proceeds for such Due Period, and the Net Liquidation Proceeds for such Due Period; (xv) the aggregate Certificate Principal Balance Loss Ratio, Average Loss Ratio, Cumulative Loss Ratio, Default Ratio, Average Default Ratio, Delinquency Ratio and Average Delinquency Ratio each as of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Payment Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each number of Contracts and the aggregate Principal Balance of such Class Contracts, as of Certificates applicable the first day of the Due Period relating to such Distribution Payment Date and as of the end of such Payment Date (after giving effect to payments received during such Due Period and to any transfers of Subsequent Contracts to the Trust occurring on or prior to such Payment Date); (xvii) the Interest Distribution Amounts in respect aggregate Principal Balance and number of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments Contracts that were repurchased by the Servicers Seller pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed 8.06 with respect to the Residual Certificatesrelated Due Period, respectively, on identifying such Distribution Date. Within a reasonable period of time after Contracts and the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated Repurchase Price for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.Contracts; and

Statements to Certificateholders. On each Distribution Date, Date the Trust Administrator Trustee shall prepare and forward or cause to be forwarded by mail to each Holder of a Certificate and to the Regular Certificates, Depositor and the Master Servicer a statement as to the distributions made on such Distribution Date distribution setting forth: (ia) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates Certificateholders of each Class allocable applied to principalreduce the Certificate Principal Balance thereof, (b) the aggregate amount included therein representing Principal Prepayments, and (c) the amount of the distribution made on such Distribution Date to the Holders of Senior Prepayment Percentage and the Class P Certificates allocable B Prepayment Percentage applicable to Prepayment Chargessuch distribution; (ii) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates Certificateholders of each Class allocable to interest, and the Class SB Accrual Amount and Class R Accrual Amount for such Distribution Date; (iii) the aggregate Servicing Fee amount of related servicing compensation received by each Servicer and the aggregate Master Servicing Fee received by or on behalf of the Master Servicer during the related Due Period and any Sub-Servicers with respect to such Distribution Date and such other customary information as the Trust Administrator Master Servicer deems necessary or desirabledesirable and supplies to the Trustee, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for aggregate amount of Advances included in such distribution on such Distribution Date and the respective portions thereof allocable to principal and interestDate; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) number and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of at the close of business on such Distribution Date; (vi) the Certificate Principal Balance of a Single Certificate of such Class, the aggregate Certificate Principal Balance of the Class A-1 Certificates, the Class A-2 Certificates, the Class B-1 Certificates, the Class B-2 Certificates and the Class R Certificates, respectively, and the Senior Percentage, Class A-1 Percentage, Class A-2 Percentage, Class B-1 Percentage, Class B-2 Percentage and Class R Percentage, after giving effect to the amounts distributed on such Distribution Date separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal; (vii) the number and aggregate Stated Principal Balance of Mortgage Loans (a) delinquent 31 to 60 days, (b) delinquent 61 to 90 days, (c) delinquent 91 days or more; (viii) the number, number and aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate Stated Principal Balance of the Mortgage Loans as to which foreclosure proceedings have been commenced in each case as of the related Due DateDetermination Date and which are (a) delinquent 31 to 60 days, (b) delinquent 61 to 90 days, (c) delinquent 91 days or more; (ix) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans as to which bankruptcy proceedings have been commenced in each case as of the related Determination Date and which are (a) delinquent 30 31 to 59 60 days, (b) delinquent 60 61 to 89 90 days, (c) delinquent 90 91 days or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forcemore; (x) with respect to any Mortgage Loan that became an a REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in such month and the date it became an REO Propertyof acquisition thereof; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during Pass-Through Rate in effect for the related Prepayment Periodpreceding calendar month with respect to the Class SA Certificates, the Class A-1 Certificates, the Class A-2 Certificates, the Class B-1 Certificates, the Class B-2 Certificates and the Class R Certificates; (xiii) the aggregate amount Accrued Certificate Interest remaining unpaid, if any, for each Class of Realized Losses incurred during Certificates, after giving effect to the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether distribution made on such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Distribution Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for Special Hazard Amount, Fraud Loss Amount and Bankruptcy Amount remaining available immediately after such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to Realized Losses incurred since the distributions, and allocations of Realized Losses, made on such Distribution Cut-off Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates aggregate Realized Losses allocated on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiiixvii) the Pass-Through Rate applicable amount of any Excess Proceeds distributed to the Class CE Certificates for such Distribution Dateeach class of Certificates. In the case of information furnished pursuant to subclauses (i) through (iiii)-(iii) above, the amounts shall also be expressed as a dollar amount per Single Certificate. On each Distribution Date the Trustee shall prepare and forward, to each Holder of a Class R Certificate of a statement setting forth the relevant Classamounts actually distributed with respect to the Class R Certificates on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish prepare and forward, to each Person who at any time during the calendar year was a Holder of a Regular Senior Certificate, a Class B Certificate, a Class SB Certificate or a Residual Certificate a statement containing the information set forth in subclauses (i) through - (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code and regulations thereunder as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available via its website to each Holder of the Regular Certificates, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the 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 the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viiv) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivi) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixvii) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiix) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xiix) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixi) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date; (xivxii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiii) the aggregate Certificate Principal Balance and Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvixiv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixv) the Interest Distribution Amounts Amount in respect of each Class of the Class A Certificates, the Mezzanine Certificates and the Class CE CE-1 Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofInterest Carry Forward Amount, if any, paid under with respect to the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Offered Certificates on such Distribution Date andDate, and in the case of the Class A Certificates, the Mezzanine Certificates or and the Class CE CE-1 Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviiixvi) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xixxvii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxviii) the Required Overcollateralized Overcollateralization Target Amount and the Credit Enhancement Percentage for such Distribution Date; (xxixix) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxiixx) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and; (xxiiixxi) the respective Pass-Through Rates applicable to the Class A Certificates, the Mezzanine Certificates and the Class CE-1 Certificates for such Distribution Date and the Pass-Through Rate applicable to the Class CE Offered Certificates for such the immediately succeeding Distribution Date. In ; (xxii) the case of information furnished pursuant to subclauses (i) through (iii) aboveNet WAC Rate Carryover Amount for the Offered Certificates, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar yearif any, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, amount remaining unpaid after reimbursements therefor on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.;

Statements to Certificateholders. On each Distribution Date, the Trust Administrator shall prepare and forward by mail make available to the Paying Agent, and the Paying Agent shall make available on its website to each Holder of the Regular Certificates, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each such Class allocable to principal, and the amount of the 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 the Certificates of each such Class allocable to interest; (iii) with respect to each Collateral Pool, the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee amount of servicing compensation received by the Master Servicer during for the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable with respect to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Dateeach Collateral Pool, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viiv) with respect to each Collateral Pool, the aggregate Stated Principal Balance of the related Mortgage Loans and any related REO Properties as of at the close of business on such Distribution Date; (viiivi) with respect to each Collateral Pool, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the related Mortgage Loans as of the related Due Date; (ixvii) with respect to each Collateral Pool, the number and aggregate unpaid principal balance of related Mortgage Loans that are (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forceforce (such delinquencies for all purposes in this Agreement as calculated using the MBA method); (xviii) with respect to each Collateral Pool, for any related Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiix) with respect to each Collateral Pool, the book value and the Stated Principal Balance of any related REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xiix) with respect to each Collateral Pool, the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixi) with respect to each Collateral Pool, the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) Cut-off Date and the aggregate amount of extraordinary Subsequent Recoveries received during the Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Cut-off Date, in each case separately identifying whether such Realized Losses constituted Fraud Losses, Special Hazard Losses or Bankruptcy Losses; (xii) with respect to each Collateral Pool, the aggregate amount of Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution DateDate and to whom such Extraordinary Trust Expenses were paid and for what purpose; (xvxiii) the aggregate Certificate Principal Balance or Notional Amount of each such Class of Certificates, Certificates immediately prior to such Distribution Date and after giving effect to the distributions, and allocations of Realized Losses, Losses and Extraordinary Trust Fund Expenses made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized LossesLosses and Extraordinary Trust Fund Expenses; (xvixiv) with respect to each Collateral Pool, the aggregate Servicing Fees accrued with respect to the servicing of the Mortgage Loans in such Collateral Pool during such calendar month; (xv) the Certificate Factor for Pass-Through Rate Amount in respect of each such Class of Certificates applicable to for such Distribution Date; (xvii) Date and the Interest Distribution Amounts Amount in respect of each such Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion respective portions thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A such Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest ShortfallsDate; (xviiixvi) with respect to each Collateral Pool, the aggregate amount of any Prepayment Interest Shortfall Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicers Master Servicer pursuant to Section 3.24; (xixxvii) with respect to each Collateral Pool, the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxviii) with respect to each Collateral Pool, the then-applicable Bankruptcy Amount, Fraud Loss Amount, and Special Hazard Amount; (xix) the Required Overcollateralized Amount applicable Record Date for each Class for such Distribution Date; (xx) with respect to each Collateral Pool, for any related Mortgage Loan as to which foreclosure proceedings have been concluded, the unpaid principal balance of such Mortgage Loan as of the date of such conclusion of foreclosure proceedings; (xxi) the Overcollateralization Increase Amount, if anywith respect to each Collateral Pool, for related Mortgage Loans as to which a Final Liquidation has occurred, the number of Mortgage Loans, the unpaid principal balance of such Distribution DateMortgage Loans as of the date of such Final Liquidation and the amount of proceeds (including Liquidation Proceeds and Insurance Proceeds) collected in respect of such Mortgage Loans; (xxii) if applicable, material modifications, extensions or waivers to mortgage loan terms, fees, penalties or payments during the Overcollateralization Reduction Amount, if any, for such Distribution Date; andpreceding calendar month or that have become material over time; (xxiii) whether Realized Losses or delinquencies are at levels such as to prevent scheduled declines in any of the PassSenior Prepayment Percentages; or (xxiv) whether any material breaches of loan-Through Rate applicable level representations and warranties made by the Seller under the Mortgage Loan Purchase Agreement have been discovered by or reported to the Class CE Certificates for Master Servicer, and the dollar amount of any repurchases or substitutions in connection with any such Distribution Datebreaches. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall also be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Paying Agent shall furnish forward to each Person (with a copy to the Trust Administrator and the Trustee) who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Paying Agent shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared by the Trust Administrator and provided by the Paying Agent pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator Paying Agent shall forward make available to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer Trust Administrator and to the ServicersMaster Servicer, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Paying Agent shall furnish forward to each Person (with a copy to the Trust Administrator and the Trustee) who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Such obligation of the Paying Agent shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared by the Trust Administrator shall, upon and furnished by the Paying Agent to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. Upon request, furnish the Paying Agent shall forward to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's Paying Agent’s duties are limited to the extent that the Paying Agent receives timely reports as required from the Trust Administrator and the Master Servicer and that the Trust Administrator receives timely reports as required from the ServicersMaster Servicer. On each Distribution Date Date, the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) (1) CUSIP level factors for each class of Certificates as of such Distribution DateDate and (2) the number and aggregate unpaid principal balance of Mortgage Loans that are (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force, in each case using a format and media mutually acceptable to the Trust Administrator and Bloomberg.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available to each Holder of the Regular Certificates, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the 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 the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viiv) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivi) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due DateDate and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Due Period; (ixvii) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 30-59 days, (b) delinquent 60 to 60-89 days, (c) delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiix) the book value and the Stated Principal Balance of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xiix) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixi) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiii) the aggregate Certificate Principal Balance of the each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvixiv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixv) the Interest Distribution Amounts Amount in respect of each Class of the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofInterest Carry Forward Amount, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in with respect of to the Class A Certificates and the Mezzanine Certificates on such Distribution Date andDate, and in the case of the Class A Certificates, the Mezzanine Certificates or and the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviiixvi) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Master Servicer pursuant to Section 3.24; (xixxvii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxviii) the Required Overcollateralized Amount and the Credit Enhancement Percentage for such Distribution Date; (xxixix) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxiixx) the Overcollateralization Reduction Amount, if any, for such Distribution Date; (xxi) with respect to any Mortgage Loan as to which foreclosure proceedings have been concluded, the loan number and unpaid principal balance of such Mortgage Loan as of the date of such conclusion of foreclosure proceedings; (xxii) with respect to Mortgage Loans as to which a Final Liquidation has occurred, the number of Mortgage Loans, the unpaid principal balance of such Mortgage Loans as of the date of such Final Liquidation and the amount of proceeds (including Liquidation Proceeds and Insurance Proceeds) collected in respect of such Mortgage Loans; and (xxiii) the respective Pass-Through Rates applicable to the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and the Pass-Through Rate applicable to the Class CE A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date. (xxiv) the amount on deposit in the Pre-Funding Account and the Interest Coverage Account; (xxv) for the distribution occurring on the Distribution Date immediately following the end of the Funding Period, the current balance on deposit in the Pre-Funding Account that has not been used to purchase Subsequent Mortgage Loans and that is being distributed to the Class A-1 Certificateholders as a mandatory prepayment of principal, if any, on such Distribution Date; The Trustee will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the Rating Agencies via the Trustee's internet website and its fax-on-demand service. The Trustee's fax-on-demand service may be accessed by calling (▇▇▇) ▇▇▇-▇▇▇▇. The Trustee's internet website shall initially be located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇". Assistance in using the website or the fax-on- demand service can be obtained by calling the Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, 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 prepared by the Trustee and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Trust Administrator Trustee shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust AdministratorTrustee's duties are limited to the extent that the Trust Administrator Trustee receives timely reports as required from the ServicersMaster Servicer. On each Distribution Date the Trust Administrator Trustee shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg.

Statements to Certificateholders. On each Distribution Date, the Trust Securities Administrator shall prepare and forward by mail make available to each Holder of the Regular CertificatesCertificates and the Residual Interests, the Servicer, the Swap Provider, the Trust Oversight Manager and each Rating Agency a statement with respect to information regarding the Mortgage Loans, based solely on, and to the extent of, information provided to the Securities Administrator by the Servicer pursuant to Section 4.03 hereof, as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates, including on account of the Mezzanine Certificates, separately identified, allocable to principal, principal and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesPremiums and Servicer Prepayment Premium Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates (other than the Class P Certificates), including on account of the Mezzanine Certificates, separately identified, allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the aggregate Master Servicing Fee received by Overcollateralization Target Amount as of such Distribution Date and the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution Excess Overcollateralized Amount for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances Overcollateralization Increase Amount for such Distribution Date; (viiiv) the aggregate Servicing Fee received by the Servicer during the related Due Period; (v) [Reserved]; (vi) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixviii) the number and aggregate unpaid principal balance of the Mortgage Loans (a) delinquent 30 to Delinquent 30-59 days, (b) delinquent 60 to Delinquent 60-89 days, (c) delinquent Delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which Mortgage Loans in foreclosure proceedings have been commenced and (e) with respect Mortgage Loans subject to which filing under the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forceBankruptcy Code; (xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xix) the book value aggregate of any the Stated Principal Balances of all REO Property Properties as of the close of business on the last Business Day of the calendar month preceding the month of such Distribution Date; (xiixi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in calendar month preceding the case month of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses Distribution Date and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxiii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiv) the aggregate Certificate Class Principal Balance Amount of each the Class of A Certificates and the Mezzanine Certificates, after giving effect to the distributionsdistributions made on such Distribution Date, after giving effect to the distributions made on such Distribution Date and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of such Realized Losses; (xvixv) the Certificate Factor for each such Class of LIBOR Certificates applicable to such Distribution Date; (xviixvi) the Monthly Interest Distribution Amounts Distributable Amount in respect of each Class of Class A the Senior Certificates and the Class CE Mezzanine Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofUnpaid Interest Shortfall Amount, if any, paid under the Policy or (in the event with respect to each such Class of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE CertificatesDate, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls, as applicable; (xviiixvii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xixxviii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxix) the Required Overcollateralized Net WAC Rate Carryover Amount for such Distribution Date; (xxi) the Overcollateralization Increase AmountClass A Certificates and the Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xx) the Available Funds; (xxi) [Reserved]; (xxii) the Overcollateralization Reduction Amount, if anyrespective Pass-Through Rates applicable to the LIBOR Certificates, for such Distribution Date; and (xxiii) Date and the Pass-Through Rate applicable to the Class CE LIBOR Certificates for the immediately succeeding Distribution Date; (xxiii) the amount of any payment made by the Swap Provider under the Swap Agreement; (xxiv) the amount of any Net Monthly Excess Cash Flow on such Distribution DateDate and the allocation thereof to the Certificateholders with respect to Allocated Realized Loss Amounts; (xxv) amounts deposited into the Net WAC Reserve Fund; (xxvi) the date when a Stepdown Date has occurred; (xxvii) the related Net WAC Rate; (xxviii) whether a Trigger Event has occurred and is continuing; (xxix) amounts payable to the Holders of Residual Interests; and (xxx) the Net Swap Payment. The Securities Administrator will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Servicer, the Rating Agencies, the Trustee, the Trust Oversight Manager and the Swap Provider via the Securities Administrator’s internet website. All information from which the Securities Administrator makes such statement will be based solely on information provided by the Servicer pursuant to Section 4.03(a) hereof or by the Swap Provider pursuant to the Swap Agreement. The Securities Administrator’s internet website shall initially be located at “▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/sfr”. Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use 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 Securities Administrator 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 above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iiiii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Securities Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Securities Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Securities Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate Interest a statement setting forth the amount, if any, actually distributed with respect to the Residual CertificatesInterests, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared by the Securities Administrator and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Trust Securities Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Securities Administrator's ’s duties are limited to the extent that the Trust Securities Administrator receives timely reports as required from the ServicersServicer pursuant to Section 4.03(a) hereof. On each Distribution Date the Trust Securities Administrator shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) loan level data with respect to all of the Mortgage Loans and CUSIP level factors for each class Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Securities Administrator and Bloomberg. In addition if so requested by the related Originator, on each Distribution Date the Securities Administrator shall provide to such Originator and at the expense of such Originator, the loan level data with respect to the Mortgage Loans. No later than five (5) Business Days prior to each Distribution Date for so long as the Swap Agreement is outstanding, the Depositor shall provide to the Securities Administrator the aggregate Class Principal Amount of the Senior and Mezzanine Certificates not held by the Seller, the Depositor or any of their respective affiliates, provided, however, that the Depositor shall not be required to give such notice if the Seller, the Depositor or any of their respective affiliates do not own any such Certificates. The Securities Administrator shall provide such aggregate principal amount to the Swap Provider on such fifth preceding Business Day upon receipt if it receives notice of such holdings from the Depositor.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward mail or send by mail to each Holder of the Regular Certificates, a statement as facsimile to the distributions made Certificateholders, the Rating Agencies and the Certificate Insurer a statement, based on information in the Servicer's Certificate furnished to the Trustee by the Servicer pursuant to Section 4.9, setting forth for the Collection Period relating to such Distribution Date setting forth:the following information (which in the case of items (i), (ii) and (iii) shall be based on a Certificate in a principal amount of $1,000): (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Chargesincluding any overdue principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest, including any overdue interest; (iii) the aggregate Monthly Servicing Fee received by each Servicer Fee, including any overdue Monthly Servicing Fee, and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsMonthly Trustee's Fee; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interestamount of any Insured Payments; (v) the amount of any Insurance Payment made to remaining balance in the Class A Certificates on such Distribution DateReserve Account and in the Yield Maintenance Account, together with the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) Reserve Account Withdrawal Amount and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate InsurerYield Maintenance Withdrawal Amount; (vi) the aggregate amount of P&I Advances Net Losses on the Receivables for such Distribution Datethe related Collection Period; (vii) the aggregate Stated Principal Pool Balance of the Mortgage Loans and any REO Properties Pool Factor as of the close end of business on such Distribution Datethe related Collection Period; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate Principal Balance of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) all Receivables which were delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 days or more days, in each case, as of the last day of the preceding calendar month, related Collection Period; (dix) as the Certificate Principal Balance (after giving effect to any distribution in respect of principal on such Distribution Date) on which foreclosure proceedings have been commenced and (e) Monthly Interest will be calculated with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forcenext succeeding Distribution Date; (x) with respect the Delinquency Percentage, Net Loss Percentage and Cumulative Net Loss Percentage relating to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO PropertyDistribution Date; (xi) the book value aggregate of any REO Property as of the close of business all Purchase Amounts received on the last Business Day of the calendar month preceding the Distribution related Determination Date; (xii) the aggregate amount of Principal Prepayments made received with respect to Defaulted Receivables, including Liquidation Proceeds, during the related Prepayment Collection Period;; and (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Reimbursement Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable the prescribed period of time for tax reporting purposes after the end of each calendar yearyear during the term of this Agreement, the Trust Administrator Trustee shall furnish mail, to each Person who at any time during the such calendar year was shall have been a Holder of a Regular Certificate Certificateholder, a statement containing the information set forth sum of the amounts determined in subclauses clauses (i), (ii) through and (iii) above, aggregated for such calendar year or or, in the event such Person shall have been a Certificateholder during a portion of such calendar year, for the applicable portion thereof during which of such person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that year, unless substantially comparable information shall be has been provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense Certificateholder's preparation of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloombergfederal income tax returns.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator shall prepare and forward by mail make available on its website to each Holder of the Regular Certificates, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each such Class allocable to principal, principal and the amount of the 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 the Certificates of each such Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution DateDate (including the general purpose of such P&I Advances; (viiiv) the fees and expenses of the trust accrued and paid on such Distribution Date and to whom such fees and expenses were paid; (v) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of at the close of business on such Distribution Date; (viiivi) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixvii) the number and aggregate unpaid principal balance of Mortgage Loans that are (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiix) the Delinquency Percentage; (x) the book value and the Stated Principal Balance of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xiixi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing DateLosses; (xivxiii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiv) the aggregate Certificate Principal Balance of each such Class of Certificates, after giving effect to the distributions, and allocations of Realized LossesLosses and Extraordinary Trust Fund Expenses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized LossesLosses and Extraordinary Trust Fund Expenses; (xvixv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixvi) the Interest Distribution Amounts Amount in respect of each such Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, (separately identifying any reductions in the case of each Class Subordinate Certificates resulting from the allocation of Class A Certificates, Realized Losses allocable to interest and Extraordinary Trust Fund Expenses on such Distribution Date) and the portion respective portions thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A such Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest ShortfallsDate; (xviiixvii) the aggregate amount of any Prepayment Interest Shortfall Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xixxviii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xix) the Net Monthly Excess Cashflow, the Overcollateralization Target Amount, the Overcollateralized Amount, the Overcollateralization Reduction Amount, the Overcollateralization Increase Amount and the Credit Enhancement Percentage; (xx) with respect to any Mortgage Loan as to which foreclosure proceedings have been concluded, the Required Overcollateralized loan number and unpaid principal balance of such Mortgage Loan as of the date of such conclusion of foreclosure proceedings; (xxi) with respect to Mortgage Loans as to which a Final Liquidation has occurred, the number of Mortgage Loans, the unpaid principal balance of such Mortgage Loans as of the date of such Final Liquidation and the amount of proceeds (including Liquidation Proceeds and Insurance Proceeds) collected in respect of such Mortgage Loans; (xxii) any Allocated Realized Loss Amount with respect to each Class of Certificates for such Distribution Date; (xxixxiii) the Overcollateralization Increase Amountamounts deposited into the Net WAC Rate Carryover Reserve Account for such Distribution Date, the amounts withdrawn from such account and distributed to each Class of Certificates, and the amounts remaining on deposit in such account after all deposits into and withdrawals from such account on such Distribution Date; (xxiv) the Net WAC Rate Carryover Amounts for each Class of Certificates, if any, for such Distribution Date and the amounts remaining unpaid after reimbursements therefor on such Distribution Date; (xxiixxv) whether a Stepdown Date or Trigger Event is in effect; (xxvi) the Overcollateralization Reduction Amounttotal cashflows received and the general sources thereof; (xxvii) if applicable, material modificatios, extensions or waivers to mortgage loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time; (xxviii) payments, if any, for made under the Cap Contract and the amount distributed to the Floating Rate Certificates from payments made under the Cap Contract; (xxix) (A) the amount of payments received from the Servicer related to claims under the PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such Distribution Datepayments related) and (B) the cumulative amount of payments received related to claims under the PMI Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); (xxx) (A) the dollar amount of claims made under each PMI Policy that were denied (as identified by the Servicer) during the Prepayment Period (and the number of Mortgage Loans to which such denials related) and (B) the dollar amount of the cumulative claims made under the PMI Policy that were denied since the Closing Date (and the number of Mortgage Loans to which such denials related); and (xxiiixxxi) the Pass-Through Rate applicable to the Class CE Certificates Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. For all purposes of this Agreement, with respect to any Mortgage Loan, delinquencies shall be determined by the Trust Administrator from information provided by the Servicer and reported by the Trust Administrator 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 the Servicer is not subject to any delinquency recognition policy established by the primary safety and soundness regulator, if any, of the Servicer, that is more restrictive than the foregoing delinquency recognition policy. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish forward to each Person (with a copy to the Trustee) who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward make available to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer Trustee, the Servicer and to the ServicersCredit Risk Manager, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish forward to each Person (with a copy to the Trustee) who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Such obligation of the Trust Administrator shall, upon shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. Upon request, furnish the Trust Administrator shall forward to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's ’s duties are limited to the extent that the Trust Administrator receives timely reports as required from the ServicersServicer. On each Distribution Date Date, the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) on its website (1) CUSIP level factors for each class of Certificates as of such Distribution DateDate and (2) the number and aggregate unpaid principal balance of Mortgage Loans that are (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force, in each case using a format and media mutually acceptable to the Trust Administrator and Bloomberg. For each Distribution Date, through and including the Distribution Date in December 2006, the Trust Administrator shall calculate the Significance Percentage of the Cap Contract. If on any such Distribution Date, the Significance Percentage of the Cap Contract is equal to or greater than 10%, the Trust Administrator shall promptly notify the Depositor and the Depositor shall file, by Form 10-D no later than fifteen days following the related Distribution Date, the financial statements of the Cap Provider as required by Item 1115 of Regulation AB.

Statements to Certificateholders. On (a) Concurrently with each Distribution Datedistribution to Certificateholders, the Trust Administrator Paying Agent shall prepare and forward by mail to each Holder make available via the Paying Agent's internet website as set forth below, all of the Regular Certificates, a statement as to information contained in the distributions made on such Distribution Date setting forthUnderlying Certificates Remittance Report and the following: (i) the amount respective Pass-Through Rates on each of the distribution made on such Distribution Date to the Holders of the Underlying Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesCertificates; (ii) the amount respective amounts of any interest distributions made to each of the distribution made on such Distribution Date to Underlying Certificates and the Holders of the Certificates of each Class allocable to interestCertificates; (iii) the aggregate Servicing Fee received by respective amounts of any principal distributions made to each Servicer of the Underlying Certificates and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsCertificates; (iv) the Guaranteed Distribution for such Distribution Date and amount of any payments of Carryover Shortfall Amounts made by the respective portions thereof allocable Carryover Shortfall Reserve Fund to principal and interestthe Underlying Certificates; (v) the amount of any Insurance Payment made Underlying Realized Loss allocated to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate InsurerUnderlying Certificates; (vi) the aggregate amount of P&I Advances for such Distribution Date;any payments made to the Swap Counterparty by the Trust; and (vii) the aggregate Stated Principal Balance amount of any payments made to the Mortgage Loans Trust by the Swap Counterparty. The Paying Agent may make available each month, to any interested party, the monthly statement to Certificateholders via the Paying Agent's website initially located at www.ctslink.com. ▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇sing the website can be obtained by calling the Paying Agent's customer service desk at (301) 815-6600. P▇▇▇▇▇▇ ▇▇▇▇ ▇▇e unable to use 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 Paying Agent shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Paying Agent shall provide timely and adequate written notification to all parties regarding any REO Properties as of the close of business on such Distribution Date;change. (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 By April 30 of each year beginning in 2005, the Paying Agent will furnish such report to 89 days, (c) delinquent 90 or more days, in each case, as Holder of the last day Certificates of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who record at any time during the prior calendar year was a Holder as to the aggregate of a Regular Certificate a statement containing the information set forth in amounts reported pursuant to subclauses (ia)(ii), (a)(iii) through and (iiia)(iv) aboveabove with respect to the Certificates, aggregated and at the request of the Holders, any other amounts which would enable such Holders to prepare their tax returns for such calendar year or applicable portion thereof during which such person was a Certificateholderyear. Such obligation of the Trust Administrator obligations shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Paying Agent to such Holders pursuant to any the requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and BloombergCode.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available to each Holder of the Regular Certificates, the Interest Rate Swap Provider and the NIMS Insurer, a statement (the “Monthly Statement”) as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesCharges or Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period Period, the Trustee Fee paid to the Trustee on such Distribution Date and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution aggregate amount of Advances for such Distribution Date (including the general purpose of such Advance, in the aggregate, so long as such information is provided to the Trustee by the Master Servicer) and the respective portions thereof allocable aggregate amount of unreimbursed Advances and the aggregate amount of Advances reimbursed to principal and interestthe Master Servicer from amounts on deposit in the Collection Account; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivi) the number, aggregate principal balanceStated Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due DateDate and the number and aggregate Stated Principal Balance of all Subsequent Mortgage Loans added during the related Due Period; (ixvii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans (a) delinquent 30 to 30-59 days, (b) delinquent 60 to 60-89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance Stated Principal Balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiix) the book value and the Stated Principal Balance of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xiix) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixi) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the aggregate amount of Subsequent Recoveries received since the Closing Date; (xivxii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution DateDate and the reason for such expense as identified to the Trustee, identifying to whom such amount was paid; (xvxiii) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvixiv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixv) the Interest Distribution Amounts Amount in respect of each Class of the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofInterest Carry Forward Amount, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in with respect of to the Class A Certificates and the Mezzanine Certificates on such Distribution Date andDate, and in the case of the Class A Adjustable-Rate Certificates or and the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviiixvi) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Master Servicer pursuant to Section 3.244.03(e) or allocated to the Class CE Certificates; (xixxvii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxviii) the Required Net Monthly Excess Cashflow, the Overcollateralized Amount, Overcollateralization Target Amount and the Credit Enhancement Percentage for such Distribution Date; (xxixix) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxiixx) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and; (xxi) with respect to any Mortgage Loan as to which foreclosure proceedings have been concluded, the loan number and unpaid Stated Principal Balance of such Mortgage Loan as of the date of such conclusion of foreclosure proceedings; (xxii) with respect to Mortgage Loans as to which a Final Liquidation has occurred, the number of Mortgage Loans, the unpaid Stated Principal Balance of such Mortgage Loans as of the date of such Final Liquidation and the amount of proceeds (including Liquidation Proceeds and Insurance Proceeds) collected in respect of such Mortgage Loans; (xxiii) the respective Pass-Through Rates applicable to the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and the Pass-Through Rate applicable to the Adjustable-Rate Certificates for the immediately succeeding Distribution Date; (xxiv) the amount on deposit in the Net WAC Rate Carryover Reserve Account as of the Determination Date; (xxv) whether a Trigger Event is in effect; (xxvi) the Net WAC Rate Carryover Amount for the Class CE A Certificates and the Mezzanine Certificates, if any, for such Distribution Date, the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxvii) the amount of any Net Swap Payments or Swap Termination Payments; (xxviii) for the distribution occurring on the Distribution Date immediately following the end of the Funding Period, the final balance withdrawn from the Pre-Funding Accounts pursuant to Section 4.07 that was not used to purchase Subsequent Mortgage Loans and that is being distributed to the related Class A Certificateholders as a mandatory prepayment of principal, if any, on such Distribution Date; (xxix) all amounts received on the Mortgage Loans during the related Due Period and the related Prepayment Period and any amounts received from any other source used to make distributions on the Certificates, separately identifying the source thereof; (xxx) the amount on deposit in the Collection Account as of the end of the related Due Period, the amount on deposit in the Distribution Account and any other account maintained for the benefit of the certificateholders as of the last Business Day of the immediately preceding calendar month, and any material account activity during such preceding month (which has not been otherwise reported); and (xxxi) the aggregate principal balance of each Class of Certificates issued by the Trust Fund as of such Distribution Date after giving effect to all distributions and allocations made on such Distribution Date, separately identifying any reduction in the Certificate Principal Balance due to the allocation of any Realized Loss; With respect to the items described in (v), (vi), (vii), (viii), (x), (xi) and (xxii) above, the Trustee shall set forth such information with respect to each Loan Group and with respect to the Mortgage Pool. The Trustee shall make such Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders, the NIMS Insurer, the Master Servicer and the Rating Agencies via the Trustee’s internet website. The Trustee’s internet website shall initially be located at ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr. Assistance in using the website can be obtained by calling the Trustee’s investor relations desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the investor relations desk and indicating such. The Trustee shall have the right to change the way such Monthly Statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, 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 prepared by the Trustee and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Trust Administrator Trustee shall, upon request, furnish to each CertificateholderCertificateholder or Certificate Owner and the NIMS Insurer, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the CertificateholderCertificateholder or Certificate Owner, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder or Certificate Owner in accordance with such reasonable and explicit instructions and directions as the Certificateholder or Certificate Owner may provide. For purposes of this Section 4.02, the Trust Administrator's Trustee’s duties are limited to the extent that the Trust Administrator Trustee receives timely reports as required from the ServicersMaster Servicer. On each Distribution Date the Trust Administrator Trustee shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) CUSIP level factors for each class Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg.

Statements to Certificateholders. On each Distribution Date, based, as applicable, on information provided to the Trust Administrator by the Master Servicer (which in turn shall be based, as applicable, on information provided to the Master Servicer by the Servicers), the Trust Administrator shall prepare and forward by mail make available to each Holder of the Regular Certificates, the Credit Risk Manager, the other parties hereto and the Rating Agencies, a statement as to the distributions to be made on such Distribution Date setting forthcontaining the following information: (i1) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii2) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii3) the aggregate Servicing Fee received by each Servicer (and any other compensation payable to the aggregate Master Servicing Fee received by Servicers as reported to the Master Servicer pursuant to the terms of the related Servicing Agreement) and the Administration Fee during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsPeriod; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi4) the aggregate amount of P&I Advances for such Distribution Date; (vii5) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viii6) the number, aggregate principal balancePrincipal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix7) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during 8) the preceding calendar month, the loan total number of such Mortgage Loan, the unpaid and cumulative principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an all REO Property; (xi) the book value of any REO Property Properties as of the close of business on the last Business Day day of the calendar month preceding the Distribution DatePrepayment Period; (xii9) [reserved]; (10) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii11) the aggregate amount of Realized Losses incurred during the related Prepayment Period (orPeriod, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date; (xiv12) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv13) the aggregate Certificate Principal Balance and Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi14) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii15) the Monthly Interest Distribution Amounts Distributable Amount in respect of each Class of the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofUnpaid Interest Shortfall Amount, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in with respect of to the Class A Certificates and the Mezzanine Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE CertificatesDate, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii16) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Master Servicer pursuant to Section 3.243.18; (xix17) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx18) the Required Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount and the Credit Enhancement Percentage for such Distribution Date; (xxi19) the Overcollateralization Increase Amountrespective Pass-Through Rates applicable to the Class A Certificates, if any, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) Date and the Pass-Through Rate applicable to the Class CE A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date; (20) the Aggregate Loss Severity Percentage; (21) when the Stepdown Date or Trigger Event has occurred; (22) the Available Funds; (23) the Net WAC Rate Carryover Amount for the Class A Certificates and the Mezzanine Certificates, if any, for such Distribution Date, the amount remaining unpaid after reimbursements therefor on such Distribution Date; and (24) payments, if any, made under the Cap Contracts. The Trust Administrator will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Master Servicer, the Depositor and the Rating Agencies via the Trust Administrator's internet website. The Trust Administrator's internet website shall initially be located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇". 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 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 Trust Administrator 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 above parties and the Trust Administrator shall provide timely and adequate notification to all above parties regarding any such changes. 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. 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 distribution date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i1) through and (iii2) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish shall, upon written request, forward to each Person who at any time during the calendar year was a Holder of a Regular Certificate and the NIMS Insurer a statement containing the information set forth in subclauses (i1) through and (iii2) above, aggregated for such calendar year or applicable portion thereof during which such person Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate and the NIMS Insurer a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each CertificateholderCertificateholder and the NIMS Insurer, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator Master Servicer receives timely reports as required from the ServicersServicer. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available to each Holder of the Regular Certificates, the Servicer and each Rating Agency a statement with respect to information regarding the Mortgage Loans, based solely on, and to the extent of, information provided to the Trustee by the Servicer pursuant to Section 3.19 and Section 4.03 hereof, as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates (other than the Class A-IO Certificates), including on account of the Mezzanine Certificates, separately identified, allocable to principal, principal and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesPremiums and Servicer Prepayment Premium Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates (other than the Class P Certificates), including on account of the Mezzanine Certificates, separately identified, allocable to interest; (iii) the Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for such Distribution Date and the Overcollateralization Increase Amount for such Distribution Date; (iv) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viivi) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixviii) the number and aggregate unpaid principal balance of the Mortgage Loans (a) delinquent 30 to Delinquent 30-59 days, (b) delinquent 60 to Delinquent 60-89 days, (c) delinquent Delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xix) the book value aggregate of any the Stated Principal Balances of all REO Property Properties as of the close of business on the last Business Day of the calendar month preceding the month of such Distribution Date; (xiixi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixii) the aggregate amount of Realized Losses incurred during the related Prepayment Period calendar month preceding the month of such Distribution Date (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxiii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiv) the aggregate Certificate Principal Balance of each the Class of A Certificates and the Mezzanine Certificates, after giving effect to the distributionsdistributions made on such Distribution Date and the Notional Amount of the Class A-IO and Class B-IO Certificates, after giving effect to the distributions made on such Distribution Date and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of such Realized Losses; (xvixv) the Certificate Factor for each such Class of LIBOR Certificates applicable to such Distribution Date; (xviixvi) the Accrued Certificate Interest Distribution Amounts in respect of each Class of Class A the Senior Certificates and the Class CE Subordinate Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofUnpaid Interest Shortfall Amount, if any, paid under the Policy or (in the event with respect to each such Class of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE CertificatesDate, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls, as applicable; (xvii) the Monthly Interest Distributable Amount in respect of the Senior Certificates and the Mezzanine Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, with respect to each such Class of Certificates on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls, as applicable; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Net WAC Rate Carryover Amount for the Class A Certificates and the Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxi) the Overcollateralization Increase Available Distribution Amount, if any, for such Distribution Date; (xxii) with respect to any Mortgage Loan as to which foreclosure proceedings have been concluded, the Overcollateralization Reduction Amountloan number and unpaid principal balance of such Mortgage Loan as of the date of such conclusion of foreclosure proceedings; (xxiii) with respect to Mortgage Loans as to which a Liquidation Event has occurred, if anythe number of such Mortgage Loans, the unpaid principal balance of such Mortgage Loans as of the date of such Liquidation Event and the amount of proceeds (including Liquidation Proceeds and Insurance Proceeds) collected in respect of such Mortgage Loans; (xxiv) the respective Pass-Through Rates applicable to the LIBOR Certificates, for such Distribution Date; and (xxiii) Date and the Pass-Through Rate applicable to the Class CE LIBOR Certificates for the immediately succeeding Distribution Date; (xxv) the amount of any payment made by the Counterparty under the Yield Maintenance Agreement; (xxvi) the amount of any Net Monthly Excess Cash Flow on such Distribution DateDate and the allocation thereof to the Certificateholders with respect to Allocated Realized Loss Amounts; (xxvii) amounts deposited into each Net WAC Reserve Fund; (xxviii) the date when a Stepdown Date has occurred; (xxix) the related Net WAC Rate, the Class A-IO Net WAC Rate and the Class B-IO Cap Rate for the related Certificates; and (xxx) whether a Trigger Event has occurred and is continuing. The Trustee will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Servicer, the Rating Agencies and the Counterparty via the Trustee’s internet website. All information from which the Trustee makes such statement will be based solely on information provided by the Servicer pursuant to Section 3.19 and Section 4.03(a) hereof. The Trustee’s internet website shall initially be located at “▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use 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 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 above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator Trustee shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, and the Certificate Insurer and to the ServicersServicer, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, 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 prepared by the Trustee and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Trust Administrator Trustee shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's Trustee’s duties are limited to the extent that the Trust Administrator Trustee receives timely reports as required from the ServicersServicer pursuant to Section 3.19 and Section 4.03(a) hereof. On each Distribution Date the Trust Administrator Trustee shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) loan level data with respect to all of the Mortgage Loans and CUSIP level factors for each class Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg. In addition if so requested by the Originator, on each Distribution Date the Trustee shall provide to the Originator and at the expense of the Originator, the loan level data with respect to the Mortgage Loans.

Statements to Certificateholders. (a) On each Distribution Date, concurrently with each distribution to Certificateholders, the Trustee shall make available to the parties hereto, the Swap Counterparty, the Grantor Trustee (with respect to the Grantor Trust Administrator shall prepare Certificates) and forward by mail each Certificateholder via the Trustee's internet website as set forth below, the following information, expressed with respect to each Holder clauses (i) through (vii) in the aggregate and as a Fractional Undivided Interest representing an initial Current Principal Amount of $1,000, or in the case of the Regular Class B-IO Certificates, a statement as to the distributions made on such Distribution Date setting forthNotional Amount of $1,000: (i) the amount Current Principal Amount or Notional Amount of the distribution made each Class after giving effect to (i) all distributions allocable to principal on such Distribution Date to and (ii) the Holders allocation of the Certificates of each Class allocable to principal, and the amount of the distribution made on any Applied Realized Loss Amounts for such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesDate; (ii) the amount of the related distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interestprincipal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and (C) the Extra Principal Distribution Amount (if any); (iii) the aggregate Servicing Fee received Pass-Through Rate for each applicable Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by each Servicer and applicable the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsNet Rate Cap; (iv) the Guaranteed applicable accrual period dates for calculating distributions and general Distribution for such Distribution Date and the respective portions thereof allocable to principal and interestDates; (v) the amount of any Insurance Payment made with respect to the Class A Certificates on such Distribution Dateeach Loan Group, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) total cash flows received and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurergeneral sources thereof; (vi) the aggregate amount, if any, of fees or expenses accrued and paid, with an identification of the payee and the general purpose of such fees including the related amount of P&I the Servicing Fee paid to or retained by the Servicer for the related Due Period; (vii) the amount of any payments made pursuant to each Swap Agreement for the benefit of the Grantor Trust Certificates; (viii) the amount of any Corridor Contract Payment Amount payable to the Trustee; (ix) with respect to each Loan Group, the amount of such distribution to each Certificate allocable to interest and, with respect to the Group II Offered Certificates, the portion thereof, if any, provided by the Corridor Contract. (x) the Interest Carry Forward Amount and any Basis Risk Shortfall Carry-Forward Amount for each Class of Certificates; (xi) with respect to each Loan Group, the aggregate of the Stated Principal Balance of the related Mortgage Loans for the following Distribution Date; (xii) with respect to each Loan Group, the number and Outstanding Principal Balance of the related Mortgage Loans that were Delinquent (exclusive of any Mortgage Loan in foreclosure) in respect of which using the OTS method of calculation (A) are 30 to 59 days Delinquent, (B) are 60 to 89 days Delinquent, (C) are 90 or more days Delinquent and (D) foreclosure proceedings have been commenced, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date and separately identifying such information for the first lien Mortgage Loans and second lien Mortgage Loans; (xiii) with respect to each Loan Group, the amount of Monthly Advances for included in the distribution on such Distribution Date (including the general purpose of such Monthly Advances); (xiv) with respect to each Loan Group, the cumulative amount of Applied Realized Loss Amounts to date; (xv) unless otherwise previously reported on Form 10-D, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time; (xvi) with respect to each Loan Group and with respect to any related Mortgage Loan that was liquidated during the preceding calendar month, the loan number and aggregate Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date; (viixvii) with respect to each Loan Group, the total number and principal balance of any real estate owned or REO Properties as of the last day of the calendar month preceding such Distribution Date; (xviii) with respect to each Loan Group, the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more Delinquent or are in bankruptcy or foreclosure or are REO Properties, and any REO Properties as the denominator of which is the close aggregate Stated Principal Balance of business on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate all of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property case as of the close of business on the last Business Day day of the calendar month preceding such Distribution Date and separately identifying such information for the Distribution Datefirst lien Mortgage Loans; (xiixix) with respect to each Loan Group, the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in and the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such cumulative Realized Losses constituted Bankruptcy Losses and through the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect end of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Datepreceding month; (xx) the Required Overcollateralized Amount for such Distribution Datewith respect to each Loan Group, whether a Trigger Event exists; (xxi) updated pool composition data including the Overcollateralization Increase Amount, if any, for such Distribution Dateweighted average mortgage rate and weighted average remaining term; (xxii) with respect to each Loan Group, information regarding any new issuance of securities backed by the Overcollateralization Reduction Amountsame asset pool, any pool asset changes, such as additions or removals of Mortgage Loans from the Trust Fund, if any, for such Distribution Dateapplicable; and (xxiii) unless otherwise previously reported on Form 10-D, any material changes in the Passsolicitation, credit-Through Rate applicable granting, underwriting, origination, acquisition or Mortgage Loan selection criteria or procedures, as applicable, used to the Class CE Certificates originate, acquire or select Mortgage Loans for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.Fund;

Statements to Certificateholders. On each Distribution Date, Date the Trust Administrator Trustee shall prepare and forward or cause to be forwarded by mail to each Holder of a Certificate and to the Regular Certificates, Depositor and the Master Servicer a statement as to such distribution setting forth the distributions made on such Distribution Date setting forthfollowing information as to each Class of Certificates to the extent applicable: (i) (a) the amount of the such distribution made on such Distribution Date to the Holders Certificateholders of such Class applied to reduce the Certificates of each Class allocable to principalCertificate Principal Balance thereof, and (b) the aggregate amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Chargesincluded therein representing Principal Prepayments; (ii) the total cash flows received and the general sources thereof; (iii) the applicable record dates, accrual periods, determination dates for calculating distributions and general distribution dates; (iv) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) [the amount of any Insurance Payment made net swap payment payable to the Derivative Administrator, any Net Swap Payment payable to the Swap Provider, any swap termination payment payable to the derivative administrator and any Swap Termination Payment payable to the Swap Provider;] (vi) if the distribution to the Certificateholders of such Class A Certificates on is less than the full amount that would be distributable to such Distribution DateCertificateholders if there were sufficient funds available therefor, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Dateshortfall; (vii) the amount of any Advance by the Master Servicer pursuant to Section 4.04 (including the general purpose of such Advance), the aggregate amount of unreimbursed Advances at the close of business on the Distribution Date, and the general source of funds for reimbursement; (viii) the number and aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as after giving effect to the distribution of the close of business principal on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made amounts distributed on such Distribution Date, separately identifying any reduction thereof due to allocations Realized Losses other than pursuant to an actual distribution of Realized Lossesprincipal; (x) the related Subordinate Principal Distribution Amount; (xi) the related amount of Servicing Fees paid to or retained by the Master Servicer; (xii) on the basis of the most recent reports furnished to it by Sub-Servicers, the number and aggregate principal balances of Mortgage Loans that are delinquent (A) one month, (B) two months and (C) three months, and the number and aggregate principal balance of Mortgage Loans that are in foreclosure; (xiii) the number, aggregate principal balance and book value of any REO Properties; (xiv) the aggregate Accrued Certificate Interest remaining unpaid, if any, for each Class of Certificates, after giving effect to the distribution made on such Distribution Date; (xv) the Special Hazard Amount, Fraud Loss Amount and Bankruptcy Amount as of the close of business on such Distribution Date and a description of any change in the calculation of such amounts; (xvi) the Certificate Factor Pass-Through Rate on the Class A-7 Certificates for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect occurrence of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest ShortfallsCredit Support Depletion Date; (xviii) the aggregate amount of any Prepayment Interest Shortfall for Senior Accelerated Distribution Percentage applicable to such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24distribution; (xix) the aggregate amount of Relief Act Interest Shortfalls Senior and Class B Percentages for such Distribution Date; (xx) the Required Overcollateralized Amount for aggregate amount of Realized Losses allocated to the Certificates on such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Dateaggregate amount of any recoveries on previously foreclosed loans from the Seller due to a breach of representation or warranty; (xxii) if applicable, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the Overcollateralization Reduction Amountpreceding calendar month or that have become material over time; (xxiii) updated pool composition data including the following with respect to each Loan Group: average loan balance, if anyweighted average mortgage rate, weighted average loan-to-value ratio at origination, weighted average FICO at origination weighted average remaining term; and [NOTE - Item 1121(a)(8) requires updated pool composition information, the foregoing is a suggestion of what to provide] (xxiv) information about any additions of, substitutions for or removal of any Mortgage Loans from the Trust Fund, and any changes in the underwriting, acquisition or selection criteria as to any Mortgage Loans added to the Trust Fund; (xxv) the weighted average remaining term to maturity of the Mortgage Loans after giving effect to the amounts distributed on such Distribution Date; and (xxiiixxvi) the Pass-Through Rate applicable weighted average Mortgage Rates of the Mortgage Loans after giving effect to the Class CE Certificates for amounts distributed on such Distribution Date. In the case of information furnished pursuant to subclauses (i) through and (iiiii) above, the amounts shall also be expressed as a dollar amount per Single Certificate of the relevant ClassCertificate. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish prepare and forward to each Person who at any time during the calendar year was a Holder of a Regular Certificate Certificate, a statement containing the information set forth in subclauses (i) through and (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such person Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code and regulations thereunder as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.

Statements to Certificateholders. On Concurrently with each distribution on a Distribution Date, the Trust Administrator shall prepare and forward by mail Trustee will make available to each the Holder of each Certificate and each Rating Agency on its website (https://www.corporatetrust.db.com/▇▇▇▇) ▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇orth the Regular Certificates, a statement as to the distributions made on such Distribution Date setting forthfollowing information: (i) the amount of the distribution made on Available Interest Funds and Available Principal Funds for such Distribution Date to the Holders of the Certificates of each Class allocable to principalDate, and the amount (if any) by which Available Principal Funds has been reduced on account of the distribution made on such Distribution Date to payment of certain expenses, liabilities and taxes described in the Holders of the Class P Certificates allocable to Prepayment Chargesdefinition thereof; (ii) with respect to such Distribution Date, the aggregate amount of the distribution made on such Distribution Date principal and interest, stated separately, distributed to the Holders of the Certificates of each Class allocable to interestof Certificates; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, with respect to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and interest shortfall for each Class of Certificates, together with the amount of Cumulative Insurance Payments after giving effect to any unpaid interest shortfall for such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for immediately following such Distribution Date; (viiiv) with respect to each Class of Certificates, the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on losses allocated to such Class with respect to such Distribution Date; (viiiv) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Class Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations distributions of Realized Losses, made on principal of such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiiivi) the Pass-Through Rate applicable any additional amount distributed to the Holder of the Class CE Certificates for A-R Certificate on such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) aboveaddition, the amounts shall be expressed as a dollar amount per Single Certificate Trustee will make available to Certificateholders copies of the relevant Classstatements received by the Trustee as the holder of the Deposited Underlying Certificates on behalf of the Trust Fund on its website as specified in this Section 3.08. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish Trustee will prepare and deliver to each Person person who at any time during the previous calendar year was a Holder Certificateholder of a Regular Certificate record a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed required to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to satisfy any requirements of the Code Code, the REMIC Provisions and regulations thereunder as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.023.08, the Trust AdministratorTrustee's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable adequate information is reasonably available to the Trust Administrator and BloombergTrustee as described herein.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available via its website to each Holder of the Regular CertificatesCertificates and the Certificate Insurer, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the 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 the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viiv) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivi) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixvii) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiix) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xiix) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixi) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date; (xivxii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiii) the aggregate Certificate Principal Balance and Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to (a) the receipt of a payment under the Policy in respect of principal (in the case of the Insured Certificates) or (b) allocations of Realized Losses; (xvixiv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixv) the Interest Distribution Amounts Amount in respect of each Class of the Class A Certificates, the Mezzanine Certificates, the Class B Certificates and the Class CE Certificates for such Distribution Date andand the Interest Carry Forward Amount, in if any, with respect to the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of Mezzanine Certificates and the Class A B Certificates on such Distribution Date andDate, and in the case of the Class A Certificates, the Mezzanine Certificates, the Class B Certificates or and the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviiixvi) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xixxvii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxviii) the Required Overcollateralized Overcollateralization Target Amount and the Credit Enhancement Percentage for such Distribution Date; (xxixix) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxiixx) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and; (xxiiixxi) the respective Pass-Through Rates applicable to the Class A Certificates, the Mezzanine Certificates, the Class B Certificates and the Class CE Certificates for such Distribution Date and the Pass-Through Rate applicable to the Class CE A Certificates, the Mezzanine Certificates and the Class B Certificates for the immediately succeeding Distribution Date; (xxii) the Net WAC Rate Carryover Amount for the Class A Certificates and the Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxiii) (a) the amount of Guaranteed Distribution Shortfall for such Distribution Date and the allocation between principal and interest and (b) the amount of the Reimbursement Amount for such Distribution Date and the amount received by the Certificate Insurer in respect thereof on such Distribution Date; and (xxiv) the Rolling Three Month Delinquency Rate. The Trustee shall make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Servicer, the Certificate Insurer and the Rating Agencies via the Trustee’s internet website. The Trustee’s internet website shall initially be located at h▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/▇▇▇▇ and assistance in using the website can be obtained by calling the Trustee’s customer service desk at 1-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through and (iiiii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through and (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator Trustee shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's Trustee’s duties are limited to the extent that the Trust Administrator Trustee receives timely reports as required from the ServicersServicer. On each Distribution Date the Trust Administrator Trustee shall provide Bloomberg Financial Markets, L.P. L. P. ("“Bloomberg"”) CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg.

Statements to Certificateholders. On each Distribution Date, the Trust Securities Administrator shall prepare and forward by mail to each Holder of the Regular Certificates, a statement as to the distributions to be made on such date (the “Distribution Date Statement”), based solely on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇▇ to the Depositor and each Certificateholder, setting forth: (a) the class factor for each Class of Certificates; (b) the aggregate Scheduled Principal Balance of each pool and/or group of Mortgage Loans; (c) the Available Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (d) [Reserved]; (e) the amount of such distributions to the Holders of Certificates of such Class to be applied to reduce the Class Principal Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Borrower, Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds; (f) the amount of such distributions to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (i) the amount of such interest accrued during the distribution made on calendar month preceding the month of such Distribution Date to the Holders of the Certificates of each Class allocable to principalDate, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of interest from previous calendar months; (g) the distribution aggregate amount of Servicing Fees and other fees and expenses paid or to be paid out of the Available Distribution Amount for such Distribution Date; (h) if applicable, the aggregate amount of outstanding Monthly Advances included in such distributions, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date and the aggregate amount of unreimbursed Monthly Advances at the close of business on such Distribution Date; (i) if applicable, the aggregate amount of outstanding Monthly Advances included in such distributions, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Trustee or other successor Servicer during the calendar month preceding the Distribution Date; (j) [Reserved]; (k) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (l) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (i) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquent (each to be calculated using the Mortgage Bankers Association (MBA) method), (ii) as to which foreclosure proceedings have been commenced, and (iii) as to which the Borrower is subject to a bankruptcy proceeding; (m) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (n) the aggregate Class Principal Balance of each Class of Certificates (and, in the case of any Certificate with no Class Principal Balance, the notional amount of such Class) after giving effect to the distributions to be made on such Distribution Date to the Holders Date, and separately identifying any reduction thereof on account of the Certificates of each Class allocable to interestRealized Losses; (iiio) the aggregate Servicing Fee received amount of (i) Payoffs and Principal Prepayments made by each Servicer Borrowers, (ii) Liquidation Proceeds, Condemnation Proceeds and the aggregate Master Servicing Fee received by the Master Servicer Insurance Proceeds, and (iii) Realized Losses incurred during the related Due Period Prepayment Period; (p) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (q) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (r) the Certificate Rate for each Class of Certificates applicable to such Distribution Date; and (s) the Senior Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date. In the case of information furnished pursuant to clauses (a) through (c) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Class Principal Balance, then the amounts shall be expressed as a dollar amount per 10% Percentage Interest. In addition to the Distribution Statement that includes the information listed above, the Securities Administrator shall prepare and file such other information as is required by Form 10-D, including, but not limited to, the information required by Item 1121 (§ 229.1121) of Regulation AB. In addition to the Distribution Statement specified above, the Securities Administrator shall prepare and make available to each Certificateholder (with respect to clauses (i) and (ii) below) and each Holder of a Residual Certificate (with respect to clauses (iii) and (iv) below), if any, on each Distribution Date a statement setting forth: (i) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; (ii) such other customary information as the Trust Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; ; (iii) the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date; and (iv) the Guaranteed Distribution for aggregate Class Principal Balance, if any, of the Residual Certificates of such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, distribution made on such Distribution Date, separately identifying any reduction thereof due to allocations the amount of Realized Losses; (xvi) the Certificate Factor for each Losses allocated to such Residual Certificates of such Class of Certificates applicable to on such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (a) through (c) above, to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) abovethat requests such statement, aggregated for such calendar year or applicable portion thereof during which such person Person was a Certificateholder. Such obligation of the Trust Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Securities Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth statement, upon request, containing the amount, if any, actually distributed with respect information provided pursuant to the Residual Certificates, as appropriate, second preceding paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Such obligation of the Securities Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect deemed to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited have been satisfied to the extent that substantially comparable information shall be provided by the Trust Securities Administrator receives timely reports pursuant to any requirements of the Code as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable time to the Trust Administrator and Bloombergtime are in force.

Statements to Certificateholders. On each Distribution Date, the Trust Securities Administrator shall prepare and forward by mail to each Holder of the Regular Certificates, a statement as to the distributions to be made on such date (the “Distribution Date Statement”), based substantially on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/sfr to the Depositor and each Certificateholder, setting forth: (a) the class factor for each Class of Certificates; (b) the aggregate Scheduled Principal Balance of each pool and/or group of Mortgage Loans; (c) the Available Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (d) [Reserved]; (e) the amount of such distributions to the Holders of Certificates of such Class to be applied to reduce the Class Principal Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Borrower, Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds; (f) the amount of such distributions to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (i) the amount of such interest accrued during the distribution made on calendar month preceding the month of such Distribution Date to the Holders of the Certificates of each Class allocable to principalDate, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of interest from previous calendar months; (g) the distribution aggregate amount of Servicing Fees and other fees and expenses paid or to be paid out of the Available Distribution Amount for such Distribution Date; (h) if applicable, the aggregate amount of outstanding Monthly Advances included in such distributions, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date and the aggregate amount of unreimbursed Monthly Advances at the close of business on such Distribution Date; (i) if applicable, the aggregate amount of outstanding Monthly Advances included in such distributions, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Securities Administrator during the calendar month preceding the Distribution Date; (j) [Reserved]; (k) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (l) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (i) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquent), (ii) as to which foreclosure proceedings have been commenced, and (iii) as to which the Borrower is subject to a bankruptcy proceeding; (m) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (n) the aggregate Class Principal Balance of each Class of Certificates (and, in the case of any Certificate with no Class Principal Balance, the notional amount of such Class) after giving effect to the distributions to be made on such Distribution Date to the Holders Date, and separately identifying any reduction thereof on account of the Certificates of each Class allocable to interestRealized Losses; (iiio) the aggregate Servicing Fee received amount of (i) Payoffs and Principal Prepayments made by each Servicer Borrowers, (ii) Liquidation Proceeds, Condemnation Proceeds and the aggregate Master Servicing Fee received by the Master Servicer Insurance Proceeds, and (iii) Realized Losses incurred during the related Due Period Prepayment Period; (p) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (q) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (r) the Certificate Rate for each Class of Certificates applicable to such Distribution Date; (s) the Senior Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (t) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (u) such other customary information as the Trust Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses clauses (ia) through (iiic) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Class Principal Balance, then the amounts shall be expressed as a dollar amount per Single Certificate 10% Percentage Interest. In addition to the Distribution Date report specified above, the Securities Administrator shall prepare and make available to each Holder of a Residual Certificate, if any, on each Distribution Date a statement setting forth the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, and the aggregate Class Principal Balance, if any, of the relevant ClassResidual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (a) through (d) above (based on the information provided by the Master Servicer), to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) abovethat requests such statement, aggregated for such calendar year or applicable portion thereof during which such person Person was a Certificateholder. Such obligation of the Trust Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Master Servicer or the Securities Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth statement, upon request, containing the amount, if any, actually distributed with respect information provided pursuant to the Residual Certificates, as appropriate, second preceding paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Such obligation of the Securities Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect deemed to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited have been satisfied to the extent that substantially comparable information shall be provided by the Trust Securities Administrator receives timely reports pursuant to any requirements of the Code as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable time to the Trust Administrator and Bloombergtime are in force.

Statements to Certificateholders. On each Distribution Date, Date the Trust Administrator Trustee shall prepare and forward by mail make available to each Holder of a Certificate and to the Regular CertificatesCompany, the Master Servicer and the Rating Agencies, a statement based on information provided by the Master Servicer as to the distributions made on such Distribution Date distribution setting forth: (i) (a) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates Certificateholders of each Class allocable applied to principalreduce the Certificate Principal Balance thereof, and (b) the aggregate amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Chargesincluded therein representing Principal Prepayments; (ii) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates of each Class of Certificates allocable to interestinterest and the Pass-Through Rate on each Class of Certificates for such Distribution Date; (iii) if the aggregate Servicing Fee received by each Servicer and distribution to the aggregate Master Servicing Fee received by Holders of any Class of Certificates is less than the Master Servicer during full amount that would be distributable to such Holders if there were sufficient funds available therefor, the related Due Period and such other customary information as amount of the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsshortfall; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viiv) the number and aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as end of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvvi) the aggregate Certificate Principal Balance or Notional Amount, as applicable, of each Class of Certificates, the Senior Accelerated Distribution Percentage and each of the Senior, Class M and Class B Percentages, after giving effect to the distributions, and allocations of Realized Losses, made amounts distributed on such Distribution Date, separately identifying any reduction thereof due to allocations Realized Losses other than pursuant to an actual distribution of Realized Lossesprincipal; (vii) the related Subordinate Principal Distribution Amount and Prepayment Distribution Percentage, if applicable; (viii) the number and aggregate Stated Principal Balance of Mortgage Loans (a) delinquent 31 to 60 days, (b) delinquent 61 to 90 days, (c) delinquent 91 days or more, in each case as of the end of the calendar month prior to such Distribution Date; (ix) the number, aggregate principal balance and book value of any REO Properties; (x) the aggregate Accrued Certificate Interest remaining unpaid, if any, for each Class of Certificates, after giving effect to the distribution made on such Distribution Date; (xi) the Special Hazard Amount, Fraud Loss Amount and Bankruptcy Amount as of the close of business on such Distribution Date and a description of any change in the calculation of such amounts; (xii) the weighted average Net Mortgage Rate for such Distribution Date; (xiii) the occurrence of the Credit Support Depletion Date; (xiv) the Senior Accelerated Distribution Percentage applicable to such distribution; (xv) the Senior Percentage and Lockout Priority Percentage for such Distribution Date; (xvi) the Certificate Factor aggregate amount of Realized Losses for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) weighted average remaining unpaid following the distributions made in respect term to maturity of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due Mortgage Loans prior to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, giving effect to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for amounts distributed on such Distribution Date; and (xxiiixviii) the Pass-Through Rate applicable weighted average Mortgage Rates of the Mortgage Loans prior to giving effect to the Class CE Certificates for amounts distributed on such Distribution Date. In the case of information furnished pursuant to subclauses (i) through - (iii) above, the amounts shall also be expressed as a dollar amount per Single Certificate Certificate. On each Distribution Date the Trustee shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the relevant ClassTrustee and Bloomberg. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish prepare and forward, to each Person who at any time during the calendar year was a Holder of a Regular Certificate Certificate, a statement containing the information set forth in subclauses (i) through - (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements require ments of the Code and regulations thereunder as from time to time are in force. On each Distribution Date, Date the Trust Administrator Trustee shall forward to the Depositor, the Trusteeprepare and forward, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular other Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish prepare and forward, to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth containing the amount, if any, actually distributed with respect information provided pursuant to the Residual Certificates, as appropriate, previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during Such obligation of the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as Trustee shall be reasonable with respect deemed to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator receives timely reports Trustee pursuant to any requirements of the Code as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable time to the Trust Administrator and Bloombergtime are in force.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available to each Holder of the Regular CertificatesCertificates and the NIMS Insurer, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesCharges or Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viiv) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivi) the number, aggregate principal balanceStated Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixvii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans (a) delinquent 30 to 30-59 days, (b) delinquent 60 to 60-89 days, (c) delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance Stated Principal Balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiix) the book value and the Stated Principal Balance of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xiix) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixi) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date;; 116 (xivxii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiii) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvixiv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixv) the Interest Distribution Amounts Amount in respect of each Class of the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofInterest Carry Forward Amount, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in with respect of to the Class A Certificates and the Mezzanine Certificates on such Distribution Date andDate, and in the case of the Class A Certificates, the Mezzanine Certificates or and the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviiixvi) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Master Servicer pursuant to Section 3.244.03(e) or allocated to the Class CE Certificates; (xixxvii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxviii) the Required Overcollateralized Overcollateralization Target Amount and the Credit Enhancement Percentage for such Distribution Date; (xxixix) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxiixx) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and; (xxi) with respect to any Mortgage Loan as to which foreclosure proceedings have been concluded, the loan number and unpaid Stated Principal Balance of such Mortgage Loan as of the date of such conclusion of foreclosure proceedings; (xxii) with respect to Mortgage Loans as to which a Final Liquidation has occurred, the number of Mortgage Loans, the unpaid Stated Principal Balance of such Mortgage Loans as of the date of such Final Liquidation and the amount of proceeds (including Liquidation Proceeds and Insurance Proceeds) collected in respect of such Mortgage Loans; (xxiii) the respective Pass-Through Rates applicable to the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and the Pass-Through Rate applicable to the Class CE A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date; 117 (xxiv) the amount on deposit in the Net WAC Rate Carryover Reserve Account as of the Determination Date; (xxv) whether a Trigger Event is in effect; and (xxvi) the Net WAC Rate Carryover Amount for the Class A Certificates and the Mezzanine Certificates, if any, for such Distribution DateDate and the amount remaining unpaid after reimbursements therefor on such Distribution Date and any amounts received under the Cap Contracts. The Trustee shall make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the NIMS Insurer, the Master Servicer and the Rating Agencies via the Trustee's internet website. The Trustee's internet website shall initially be located at https:\\www.corporatetrust.db.com and ▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇ ▇ebsite can be obtained by calling the Trustee's investor relations desk at 1- 800-735-7777. Parties that ▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇se the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the investor relations 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 above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, 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 prepared by the Trustee and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Trust Administrator Trustee shall, upon request, furnish to each Certificateholder, Certificate Owner and the NIMS Insurer, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder or Certificate Owner in accordance 118 with such reasonable and explicit instructions and directions as the Certificateholder or Certificate Owner may provide. For purposes of this Section 4.02, the Trust AdministratorTrustee's duties are limited to the extent that the Trust Administrator Trustee receives timely reports as required from the ServicersMaster Servicer. On each Distribution Date the Trust Administrator Trustee shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available to each Holder of the Regular Certificates, the Certificate Insurer and the NIMS Insurer, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesCharges or Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viiv) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivi) the number, aggregate principal balanceStated Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixvii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans (a) delinquent 30 to 30-59 days, (b) delinquent 60 to 60-89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance Stated Principal Balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiix) the book value and the Stated Principal Balance of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xiix) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixi) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date and the aggregate amount of Subsequent Recoveries received during the related Due Period and the aggregate amount of Subsequent Recoveries received since the Closing Date; (xivxii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiii) the aggregate Certificate Principal Balance of the each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to (a) the receipt of a Guaranteed Distributions Shortfall in respect of principal (in the case of the Insured Certificates) or (b) allocations of Realized Losses; (xvixiv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixv) the Interest Distribution Amounts Amount in respect of each Class of the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofInterest Carry Forward Amount, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in with respect of to the Class A Certificates and the Mezzanine Certificates on such Distribution Date andDate, and in the case of the Class A Certificates, 108 the Mezzanine Certificates or and the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviiixvi) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Master Servicer pursuant to Section 3.244.03(e) or allocated to the Class CE Certificates; (xixxvii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxviii) the Required Overcollateralized Overcollateralization Target Amount and the Credit Enhancement Percentage for such Distribution Date; (xxixix) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxiixx) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and; (xxi) with respect to any Mortgage Loan as to which foreclosure proceedings have been concluded, the loan number and unpaid Stated Principal Balance of such Mortgage Loan as of the date of such conclusion of foreclosure proceedings; (xxii) with respect to Mortgage Loans as to which a Final Liquidation has occurred, the number of Mortgage Loans, the unpaid Stated Principal Balance of such Mortgage Loans as of the date of such Final Liquidation and the amount of proceeds (including Liquidation Proceeds and Insurance Proceeds) collected in respect of such Mortgage Loans; (xxiii) the respective Pass-Through Rates applicable to the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and the Pass-Through Rate applicable to the Adjustable-Rate Certificates for the immediately succeeding Distribution Date; (xxiv) the amount on deposit in the Net WAC Rate Carryover Reserve Account as of the Determination Date; (xxv) whether a Trigger Event is in effect; (xxvi) the Net WAC Rate Carryover Amount for the Class CE A Certificates and the Mezzanine Certificates, if any, for such Distribution Date, the amount remaining unpaid after reimbursements therefor on such Distribution Date and any amounts received under the Cap Contracts; (xxvii) the amount of any Guaranteed Distributions Shortfall for such Distribution Date, separately identifying the portion of such payment allocable to interest and principal; 109 (xxviii) the amount of the Reimbursement Amount for such Distribution Date and the amount received by the Certificate Insurer in respect thereof on such Distribution Date; (A) the amount of payments received from the Master Servicer related to claims under the PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such payments related) and (B) the cumulative amount of payments received related to claims under the PMI Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); and (A) the dollar amount of claims made under the PMI Policy that were denied (as identified by the Master Servicer) during the Prepayment Period (and the number of Mortgage Loans to which such denials related) and (B) the dollar amount of the cumulative claims made under the PMI Policy that were denied since the Closing Date (and the number of Mortgage Loans to which such denials related). With respect to the items described in (v), (vi), (vii), (viii), (x), (xi), (xxii), (xxix) and (xxx) above, the Trustee shall set forth such information with respect to each Loan Group and with respect to the Mortgage Pool. The Trustee will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders, the Certificate Insurer, the NIMS Insurer, the Master Servicer and the Rating Agencies via the Trustee's internet website. The Trustee's internet website shall initially be located at https:\\www.corporatetrust.db.co▇. ▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇e website can be obtained by calling the Trustee's customer service desk at (800) 735-7777. Parties ▇▇▇▇ ▇▇▇ ▇▇▇▇▇e 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 above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. Notwithstanding the way such statements are distributed as provided above, the Trustee shall transmit by electronic mail to the Certificate Insurer at mbsreports@fsa.com, no l▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇ness Days prior to each Distribution Date, such statements for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to the NIMS Insurer, the Certificate Insurer and each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. 110 Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, 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 prepared by the Trustee and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Trust Administrator Trustee shall, upon request, furnish to each CertificateholderCertificateholder or Certificate Owner, the Certificate Insurer and the NIMS Insurer, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the CertificateholderCertificateholder or Certificate Owner, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder or Certificate Owner in accordance with such reasonable and explicit instructions and directions as the Certificateholder or Certificate Owner may provide. For purposes of this Section 4.02, the Trust AdministratorTrustee's duties are limited to the extent that the Trust Administrator Trustee receives timely reports as required from the ServicersMaster Servicer. On each Distribution Date the Trust Administrator Trustee shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg.

Statements to Certificateholders. On Concurrently with each distribution charged to the Certificate Account on a Distribution DateDate the Trustee shall make available on its web site, the Trust Administrator shall prepare and forward by mail to each Holder of the Regular Certificateslocated at ▇▇▇▇://▇▇▇-▇▇▇▇.▇▇▇.▇▇▇▇▇▇▇▇-▇▇▇▇.▇▇▇/invr, a written statement as (a "Statement to Certificateholders") setting forth the following information with respect to the distributions made on such Distribution Date setting forthOffered Certificates: (ia) the amount of the distribution made on such Distribution Date with respect to the Holders of the Certificates of each Class allocable to principal, and of Certificates (based on a Certificate in the original principal amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges$1,000); (iib) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interestprincipal on the related Mortgage Loans in each Mortgage Loan Group, separately identifying the aggregate amount of any Prepayments or other recoveries of principal included therein; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (vc) the amount of any Insurance Payment made such distribution allocable to interest on the Class A Certificates on such Distribution Date, related Mortgage Loans in each Mortgage Loan Group separately identifying the aggregate amount of any reimbursement payment made to prepayment or other recoveries of principal included therein; (d) the Class Monthly Interest Amount and Class Interest Carryover Shortfall for each Class of Certificates; (e) the outstanding Certificate Insurer Principal Balance of each Class of Offered Certificates (based on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and a Certificate in the original principal amount of Cumulative Insurance Payments $1,000) that will be outstanding after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business principal on such Distribution Date; (viiif) the numberaggregate of the Principal Balances of all Mortgage Loans after giving effect to any payments of principal on such Distribution Date by Mortgage Loan Group and for the entire Trust, aggregate principal balanceand each Group Factor; (g) based upon information furnished by the Servicer, weighted average remaining term such information as may be required by Section 6049(d)(7)(C) of the Code and the regulations promulgated thereunder to maturity assist the Certificateholders in computing their market discount; (h) the total of all amounts paid by the Seller and the Servicer during the related Collection Period in connection with purchases or repurchases from the Trust of Mortgage Loans and substitutions for Mortgage Loans of Qualified Replacement Mortgage Loans with respect to each Mortgage Loan Group and by reason for such purchase; (i) the weighted average Mortgage Loan Rate of the Mortgage Loans as of the related Due Datein each Mortgage Loan Group; (ixj) whether a Delinquency Event or a Cumulative Loss Event has occurred and, if so, what event; (k) the number amount of any Excess Interest included in such distribution; (l) the Overcollateralization Amount, Required Overcollateralization Amount and Applied Realized Loss Amount, both in the aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under each applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if anyClass, for such Distribution Date; (xxiim) the Overcollateralization Reduction AmountBasic Principal Amount with respect to each Mortgage Loan Group; (n) the amount of any Net Rate Cap Carryover paid and remaining unpaid as of such Distribution Date; (o) the Capitalized Interest Requirement and amounts remaining in the Prefunding Account each as of such Distribution Date; (p) the amount of any draw to be made on any PMI Policy on the related Distribution Date, and the amounts to be paid to the PMI Insurer, if any, for as of such Distribution DateDate in respect of the PMI Insurer Premiums with respect to each PMI Mortgage Loan in the related Mortgage Loan Group; (q) with respect to each Mortgage Loan Group, the number of Mortgage Loans in each Mortgage Loan Group and the aggregate of their Principal Balances as a percentage of the Group I Balance or Group II Balance, as appropriate, that as of the end of the immediately preceding calendar month are (i) 30 to 59 days delinquent, (ii) 60 to 89 days delinquent, (iii) 90 or more days delinquent, (iv) the subject of bankruptcy proceedings (to the actual knowledge of the Servicer), (v) in foreclosure and (vi) as to which the related Mortgaged Property is REO Property; and (xxiiir) the Pass-Through Rate applicable Certificate Principal Balance of each Class of Certificates then outstanding after giving effect to the Class CE Certificates for all payments or principal on such Distribution Date. In the case of information furnished pursuant to subclauses (ia), (b), (c) through and (iiid) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Classwith a $1,000 principal denomination. Within a reasonable period of time 90 days after the end of each calendar year, the Trust Administrator Trustee shall furnish mail such report to ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & Co. Incorporated, ▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, Attention: Mortgage Finance (which report shall include, in addition to the information contained in reports to others hereunder, the total amount of interest on the Mortgage Loans for the period covered by such report), and to each Person who at any time during the calendar year was a Holder of a Regular Certificate an Offered Certificateholder, a statement for each Certificateholder containing the information set forth in subclauses (ia) through (iiic) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of or, in the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end case of each Person who was an Offered Certificateholder for a portion of such calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth such information for each month thereof for the amount, if any, actually distributed with respect to portion of the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish Servicer shall provide any other information necessary in order to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with report income in respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors Certificateholders for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloombergfederal income tax purposes.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail provide or make available, upon request to each Holder of the Regular CertificatesCertificates (upon receipt from the Master Servicer), a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the 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 the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each the Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viiv) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution DateReserved; (viiivi) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixvii) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Scheduled Principal Balance of such Mortgage Loan as of the date it became an REO PropertyLoan; (xiix) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xiix) the aggregate amount of Principal Prepayments made during the related Prepayment PeriodPeriod and the aggregate amount of any Prepayment Charges (or payments by the Servicers in respect of any waived Prepayment Charges) received in respect thereof; (xiiixi) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Master Servicer Collection Account or the Distribution Account for such Distribution Date; (xvxiii) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvixiv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixv) the Interest Distribution Amounts Amount in respect of each Class of the Class A Certificates, the Class A-IO Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date andand the Interest Carry Forward Amount, in if any, with respect to the case of each Class of Class A Certificates, the portion thereof, if any, paid under Class A-IO Certificates and the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Mezzanine Certificates on such Distribution Date andDate, and in the case of the Class A Certificates or Certificates, the Class CE A-IO Certificates and the Mezzanine Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Shortfalls, Relief Act Interest Shortfalls and Basis Risk Shortfalls; (xviiixvi) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Master Servicer pursuant to Section 3.243.20; (xixxvii) the Allocated Realized Loss Amount with respect to each Class of Mezzanine Certificates for such Distribution Date and the aggregate unpaid Allocated Realized Loss Amount with respect to each Class of Mezzanine Certificates for all prior Distribution Dates; (xviii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxix) the Required Overcollateralized Overcollateralization Amount and the Credit Enhancement Percentage for such Distribution Date; (xxixx) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxiixxi) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and; (xxii) the Basis Risk Shortfall, if any, for such Distribution Date; (xxiii) the Unpaid Basis Risk Shortfalls, if any, outstanding after reimbursements therefor on such Distribution Date; (xxiv) the respective Pass-Through Rates applicable to the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and the Pass-Through Rate applicable to the Class CE A Certificates and the Mezzanine Certificates for the Distribution Date; (xxv) the balance of the Reserve Fund prior to the deposit or withdrawal of any amounts on such Distribution Date; (xxvi) the amount of any withdrawal from the Reserve Fund pursuant to Section 4.01(a)(4)(xiii); (xxvii) the balance of the Reserve Fund after all deposits and withdrawals on such Distribution Date; (xxviii) the Loss Severity Percentage with respect to each Mortgage Loan; (xxix) the Aggregate Loss Severity Percentage; (A) the dollar amount of payments received related to claims under the MGIC PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such payments related) and (B) the cumulative amount of payments received related to claims under the MGIC PMI Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); and (xxxi) (A) the dollar amount of claims made under the MGIC PMI Policy that were denied during the Prepayment Period (and the number of Mortgage Loans to which such denials related) and (B) the dollar amount of the cumulative claims made under the MGIC PMI Policy that were denied since the Closing Date (and the number of Mortgage Loans to which such denials related). The Master Servicer will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and the Rating Agencies via the Master Servicer's internet website. The Master Servicer's internet website shall initially be located at http:\\www.ctslink.com and assistanc▇ ▇▇ ▇▇▇▇▇ ▇▇▇ website can be obtained by calling the Master Servicer's customer service desk at 1-301-815- 6600. Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Master Servicer 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 above parties and the Master Servicer shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator Master Servicer shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator Trustee shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail to each Holder of the Regular Certificates, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Class A and Class B Certificates of each Class allocable to principal, and the amount of the 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 the Class A and Class B Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee amount of servicing compensation received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates Certificateholders on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of at the close of business on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to Delinquent 30-59 days, (b) delinquent 60 to Delinquent 60-89 days, (c) delinquent Delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, days and (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forcecommenced; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Extraordinary Losses, Fraud Losses, Special Hazard Losses or Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing DateLosses; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each the Class of A and Class B Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts Amount in respect of each Class of the Class A Certificates and the Class CE B Certificates for such Distribution Date and, in the case of each Class of the Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date andDate, and in the case of the Class A Certificates or the Class CE B Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Shortfalls, Relief Act Interest Shortfalls and Basis Risk Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicers Master Servicer pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized then-applicable Bankruptcy Amount, Fraud Loss Amount, Special Hazard Amount for such Distribution Dateand Extraordinary Loss Amount; (xxi) the Overcollateralization Increase AmountBasis Risk Shortfall, if any, for such Distribution Date; (xxii) the Overcollateralization Unpaid Basis Risk Shortfalls, if any, outstanding after reimbursements therefor on such Distribution Date; (xxiii) the Required Subordinated Amount for such Distribution Date; (xxiv) the Subordination Increase Amount, if any, for such Distribution Date; (xxv) the Subordination Reduction Amount, if any, for such Distribution Date; and; (xxiiixxvi) the respective Pass-Through Rates applicable to the Class A and Class B Certificates for such Distribution Date and the Pass-Through Rate applicable to the Class CE A Certificates for the immediately succeeding Distribution Date; and (xxvii) the aggregate of any deposits to and withdrawals from the REMIC II Reserve Fund for such Distribution DateDate and the remaining amount on deposit in the REMIC II Reserve Fund after such deposits and withdrawals. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator Trustee shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, to the Certificate Insurer and to the ServicersMaster Servicer, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator Trustee shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust AdministratorTrustee's duties are limited to the extent that the Trust Administrator Trustee receives timely reports as required from the ServicersMaster Servicer. On each Distribution Date the Trust Administrator Trustee shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors Cusip Level Factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg.

Statements to Certificateholders. On Each month, at least two Business Days prior to each Distribution Date, the Trust Administrator Company shall prepare deliver to the Trustee for mailing to each Certificateholder, and forward by the Trustee shall mail to each Holder of the Regular CertificatesCertificateholder on such Distribution Date, a statement as to the distributions made on such (each, a "Distribution Date Statement") substantially in the form of Exhibit J hereto, setting forth: (i) the The amount of the such distribution made on such Distribution Date to the Holders of the Certificates Certificateholders of each Class allocable to principal, and separately identifying the aggregate amount of any Principal Prepayments included therein (including, for this purpose, the distribution made Principal Balances of all Defaulted Mortgage Loans and Defective Mortgage Loans purchased pursuant to Section 2.02, 2.03(b) and 3.16, respectively, and any amounts deposited pursuant to Section 2.03(b) in connection with the substitution of any Mortgage Loans pursuant to Section 2.02 or 2.03(a), the proceeds of which purchases or substitutions are being distributed on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesDate); (ii) the The amount of the such distribution made on such Distribution Date to the Holders of the Certificates Certificateholders of each Class (other than any Class of Principal Only Certificates) allocable to interest; (iii) The amount of servicing compensation paid to the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer Company during the related Due Period month preceding the month of distribution in respect of the Mortgage Loans and such other customary information as the Trust Administrator Company deems necessary or desirable, or which a Certificateholder reasonably requests, desirable to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date The Pool Principal Balance and the respective portions thereof aggregate number of the Mortgage Loans as of the end of the related Collection Period after giving effect to all distributions allocable to principal and interestmade on such Distribution Date; (v) the amount The Class Certificate Principal Balance of any Insurance Payment made to the each Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to and the Certificate Insurer Principal Balance of a Single Certificate of each Class after giving effect to (i) all distributions allocable to principal made on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (viii) the aggregate amount allocation of P&I Advances any Realized Losses for such Distribution Date; (vi) The Pay-out Rate applicable to each Class of Certificates; (vii) The book value and unpaid principal balance of any real estate acquired on behalf of Certificateholders through foreclosure, or grant of a deed in lieu of foreclosure or otherwise, of any REO Mortgage Loan, and the aggregate Stated Principal Balance number of the related Mortgage Loans and any REO Properties as of the close of business on such Distribution DateLoans; (viii) the number, The aggregate principal balance, weighted average remaining term to maturity Principal Balances and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 dayswhich, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day day of the calendar month preceding the related Distribution Date, were (a) one payment delinquent, (y) two payments delinquent and (z) three or more payments delinquent, and (b) in foreclosure; (ix) The Principal Balance of any Mortgage Loan replaced pursuant to Section 2.03(b); (x) The Certificate Interest Rate of the Class S, Class M and Class B Certificates applicable to the Interest Accrual Period relating to such Distribution Date; (xi) The Senior Percentage and Junior Percentage for such Distribution Date; (xii) the aggregate amount of The Available Interest Funds and Available Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account Funds for such Distribution Date; (xvxiii) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, The Senior Prepayment Percentage and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Junior Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, Percentage for such Distribution Date; and (xxiiixiv) the Pass-Through Rate applicable The amount of such distribution to the Certificateholders of each Class CE Certificates for such Distribution Dateallocable to Unanticipated Recoveries. In the case of information furnished pursuant to subclauses clauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate. In connection with any proposed transfer of a Certificate that is purported to be made in reliance on Rule 144A under the Securities Act, the Company shall be responsible for furnishing such information as may be required thereunder to a proposed transferee. In furtherance of the relevant Class. Within a reasonable period of time after the end of each calendar yearCompany's obligations hereunder, the Trust Administrator shall furnish Company hereby instructs the Trustee, at the Company's expense and on its behalf, and the Trustee agrees, to each Person who at any time during promptly make available to the calendar year was a Holder proposed transferee, upon request of a Regular Certificate a statement containing the information set forth in subclauses holder, (i) through all statements furnished to Certificateholders pursuant to this Section 4.05(a) on previous Distribution Dates, (ii) all certificates furnished to the Trustee pursuant to Section 4.06 in prior months, (iii) aboveOfficer's Certificates furnished to the Trustee pursuant to Section 3.12 for the two years preceding such request, aggregated (iv) reports of independent accountants furnished to the Trustee pursuant to Section 3.13 for the two years preceding such calendar year request, (v) a copy of the Private Placement Memorandum relating to such Certificate, together with any amendments or applicable portion thereof during supplements thereto issued by the Company (which copy shall be furnished to the Trustee by the Company), and (vi) the Company's Current Report on Form 8-K, dated the Closing Date, relating to the Mortgage Loans; provided, however, that the Trustee shall in no event be required to make available such statements or certificates pursuant to clauses (i) and (ii) above relating to Distribution Dates occurring more than twenty-four months preceding the month in which such person request was received; provided, further, however, that notwithstanding the Trustee's agreement as aforesaid to provide such materials to a Certificateholder. Such obligation of proposed transferee, the Trust Administrator Trustee does not assume, and shall not thereby be deemed to have been satisfied assumed, any responsibility for compliance by the Company with Rule 144A (subject to the extent that substantially comparable information Trustee's agreement set forth in the second sentence of this paragraph) and shall be provided entitled to include a notice with such statements or certificates to the effect that such materials have not been prepared or assembled by the Trust Administrator pursuant Trustee and that the Trustee assumes no responsibility for the adequacy, sufficiency or contents thereof. In connection with any such proposed transfer, the Company shall make available to any requirements the proposed holder, at the request of the Code as from time to time are in force. On each Distribution Daterelated transferor, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amountsadditional information, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall may be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information required to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited delivered pursuant to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and BloombergRule 144A(d)(4).

Statements to Certificateholders. On each Distribution Date, based, as applicable, on information provided to it by the Trust Administrator Master Servicer and the Special Servicer, the Trustee shall prepare and forward by mail make available to each Holder of the Regular Certificates, the Master Servicer, the Special Servicer and the Rating Agencies, a statement as to the distributions to be made on such Distribution Date setting forthcontaining the following information: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each such Class allocable to principal, and the amount of the 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 the Certificates of each such Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee amount of servicing compensation received by the Master Servicer during the in respect of related Due Period and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for each Loan Group for such Distribution Date; (viiv) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of in each Loan Group at the close of business on such Distribution Date; (viiivi) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans in each Loan Group as of the related Due Date; (ixvii) the number and aggregate unpaid principal balance of Mortgage Loans in each Loan Group that are (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xviii) with respect to any Mortgage Loan in either Loan Group that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiix) the book value and the Stated Principal Balance of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xiix) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixi) the aggregate amount of Realized Losses with respect to the Mortgage Loans in each Loan Group incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during in respect of the related Due Period), separately identifying whether such Realized Losses constituted Fraud Losses, Special Hazard Losses or Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing DateLosses; (xivxii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiii) the aggregate Certificate Principal Balance or Notional Amount of each such Class of Certificates, after giving effect to the distributions, and allocations of Realized LossesLosses and Extraordinary Trust Fund Expenses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized LossesLosses and Extraordinary Trust Fund Expenses; (xvixiv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixv) the Interest Distribution Amounts Amount in respect of each such Class of Class A Certificates and (other than the Class CE Certificates PO Certificates) for such Distribution Date and, (separately identifying any reductions in the case of each Class Subordinate Certificates resulting from the allocation of Class A Certificates, Realized Losses allocable to interest and Extraordinary Trust Fund Expenses on such Distribution Date) and the portion respective portions thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A such Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest ShortfallsDate; (xviiixvi) the aggregate amount of any Prepayment Interest Shortfall Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicers Master Servicer pursuant to Section 3.243.24 and the aggregate amount of any Prepayment Interest Excess for such Distribution Date; (xixxvii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxviii) the Required Overcollateralized Amount then-applicable Bankruptcy Amount, Fraud Loss Amount, and Special Hazard Amount; (xix) the Weighted Average Stripped Interest Rate with respect to each Loan Group for such Distribution Date; (xxixx) with respect to any Mortgage Loan as to which foreclosure proceedings have been concluded, the Overcollateralization Increase Amount, if any, for loan number and unpaid principal balance of such Distribution Date; (xxii) Mortgage Loan as of the Overcollateralization Reduction Amount, if any, for date of such Distribution Dateconclusion of foreclosure proceedings; and (xxiiixxi) the Passnumber of Mortgage Loans, the unpaid principal balance of such Mortgage Loans as of the date of such Final Liquidation and the amount of proceeds (including Liquidation Proceeds and Insurance Proceeds) collected in respect of such Mortgage Loans. The Trustee will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Master Servicer and the Rating Agencies via the Trustee's internet website. The Trustee's internet website shall initially be located at "www.usbank.com/abs". As▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ the website can be obtained by calling the Trustee's customer service desk at (800) 934-Through Rate applicable 6802. Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the Class CE Certificates for above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such Distribution Datechanges. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish forward, upon written request, to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator Trustee shall forward make available to the Depositor, the Trustee, to each Holder of a Residual Certificate, Certificate and the Certificate Insurer and to the ServicersMaster Servicer, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish forward to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared by the Trustee and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. Upon request, furnish the Trustee shall forward to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust AdministratorTrustee's duties are limited to the extent that the Trust Administrator Trustee receives timely reports reports, including Remittance Reports, as required from the ServicersMaster Servicer and the Special Servicer. On each Distribution Date Date, the Trust Administrator Trustee shall provide make available to Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP cusip level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg.

Statements to Certificateholders. (a) On each Regular Distribution Date and Special Distribution Date, the Trust Administrator shall prepare and forward by mail to Trustee will include with each Holder of the Regular Certificates, a statement as distribution to the distributions Class AA Certificateholders a statement, giving effect to the distribution to be made on such Regular Distribution Date or Special Distribution Date, setting forth:forth the following information (per $1,000 aggregate face amount of Class AA Certificates as to clauses (ii) and (iii) below): (i) the aggregate amount of the distribution made funds distributed on such Distribution Date to under this Agreement, indicating the Holders of the Certificates of each Class amount, if any, allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of each source (including any portion thereof paid by the Class P Certificates allocable to Prepayment ChargesAA Liquidity Provider); (ii) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates of each Class under this Agreement allocable to interestprincipal and the amount allocable to Premium (if any); (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received amount of such distribution under this Agreement allocable to interest (including any portion thereof paid by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsClass AA Liquidity Provider); (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest[reserved]; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer;[reserved]; and (vi) the aggregate amount Pool Balance and the Pool Factor. With respect to the Class AA Certificates registered in the name of P&I Advances for such DTC or its nominee, on the Record Date prior to each Regular Distribution Date and Special Distribution Date; (vii) , the aggregate Stated Principal Balance Trustee will request that DTC post on its Internet bulletin board a securities position listing setting forth the names of all the Mortgage Loans and any REO Properties DTC Participants reflected on DTC’s books as of holding interests in the close of business Class AA Certificates on such Record Date. On each Regular Distribution Date and Special Distribution Date;, the Trustee will mail to each such DTC Participant whose name has been provided by DTC the statement described above and will make available additional copies as requested by such DTC Participants for forwarding to holders of interests in the Class AA Certificates. (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar yearyear but not later than the latest date permitted by law, the Trust Administrator Trustee shall furnish to each Person who at any time during the such calendar year was a Holder Class AA Certificateholder of a Regular Certificate record a statement containing the information set forth in subclauses sum of the amounts determined pursuant to clauses (ia)(i), (a)(ii) through and (iiia)(iii) above, aggregated above for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of or, in the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which event such Person was a Class AA Certificateholder of record during a portion of such calendar year, for the applicable portion of such year, and such other items as are readily available to the Trustee and which a Class AA Certificateholder may reasonably request as necessary for the purpose of such Certificateholder’s preparation of its United States federal income tax returns or foreign income tax returns. The Trust Administrator shall, upon request, furnish With respect to each Certificateholder, during Class AA Certificates registered in the term name of this AgreementDTC or its nominee, such periodic, special, or statement and such other reports or information, whether or not provided for herein, as items shall be reasonable with respect prepared on the basis of information supplied to the Certificateholder, or otherwise with respect Trustee by the DTC Participants and shall be delivered by the Trustee to such DTC Participants to be available for forwarding by such DTC Participants to the purposes holders of this Agreement, all such reports or information to be provided at beneficial interests in the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and BloombergClass AA Certificates.

Statements to Certificateholders. On each Distribution Date, the Trust Securities Administrator shall prepare and forward by mail to each Holder of the Regular Certificates, a statement as to the distributions to be made on such date (the “Distribution Date Statement”), based on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇ to the Depositor and each Certificateholder, setting forth: (a) the class factor for each Class of Certificates; (b) the aggregate Scheduled Principal Balance of each pool and/or group of Mortgage Loans; (c) the Available Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (d) [Reserved]; (e) the amount of such distributions to the Holders of Certificates of such Class to be applied to reduce the Class Principal Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Borrower, Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds; (f) the amount of such distributions to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (i) the amount of such interest accrued during the distribution made on calendar month preceding the month of such Distribution Date to the Holders of the Certificates of each Class allocable to principalDate, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of interest from previous calendar months; (g) the distribution aggregate amount of Servicing Fees and other fees and expenses paid or to be paid out of the Available Distribution Amount for such Distribution Date; (h) if applicable, the aggregate amount of outstanding Monthly Advances included in such distributions, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date and the aggregate amount of unreimbursed Monthly Advances at the close of business on such Distribution Date; (i) if applicable, the aggregate amount of outstanding Monthly Advances included in such distributions, and the aggregate amount of Monthly Advances reimbursed to the Securities Administrator or other successor servicer during the calendar month preceding the Distribution Date; (j) [Reserved]; (k) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (l) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (i) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquent), (ii) as to which foreclosure proceedings have been commenced, and (iii) as to which the Borrower is subject to a bankruptcy proceeding; (m) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (n) the aggregate Class Principal Balance of each Class of Certificates (and, in the case of any Certificate with no Class Principal Balance, the notional amount of such Class) after giving effect to the distributions to be made on such Distribution Date to the Holders Date, and separately identifying any reduction thereof on account of the Certificates of each Class allocable to interestRealized Losses; (iiio) the aggregate Servicing Fee received amount of (i) Payoffs and Principal Prepayments made by each Servicer Borrowers, (ii) Liquidation Proceeds, Condemnation Proceeds and the aggregate Master Servicing Fee received by the Master Servicer Insurance Proceeds, and (iii) Realized Losses incurred during the related Due Period Prepayment Period; (p) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (q) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (r) the Certificate Rate for each Class of Certificates applicable to such Distribution Date; (s) the Senior Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (t) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (u) such other customary information as the Trust Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses clauses (ia) through (iiic) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Class Principal Balance, then the amounts shall be expressed as a dollar amount per Single Certificate 10% Percentage Interest. In addition to the Distribution Date report specified above, the Securities Administrator shall prepare and make available to each Holder of a Residual Certificate, if any, on each Distribution Date a statement setting forth the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, and the aggregate Class Principal Balance, if any, of the relevant ClassResidual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (a) through (c) above, to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) abovethat requests such statement, aggregated for such calendar year or applicable portion thereof during which such person Person was a Certificateholder. Such obligation of the Trust Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Securities Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth statement, upon request, containing the amount, if any, actually distributed with respect information provided pursuant to the Residual Certificates, as appropriate, second preceding paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Such obligation of the Securities Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect deemed to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator receives timely reports Trustee pursuant to any requirements of the Code as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable time to the Trust Administrator and Bloombergtime are in force.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available to each Holder of the Regular CertificatesCertificates and the NIMS Insurer, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesCharges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viiv) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivi) the number, aggregate principal balancePrincipal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixvii) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan total number of such Mortgage Loan, the unpaid and cumulative principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an all REO Property; (xi) the book value of any REO Property Properties as of the close of business on the last Business Day day of the calendar month preceding the Distribution DatePrepayment Period; (xiiix) [reserved]; (x) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixi) the aggregate amount of Realized Losses incurred during the related Prepayment Period (orPeriod, in the case cumulative amount of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date; (xivxii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiii) the aggregate Certificate Principal Balance and Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvixiv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixv) the Monthly Interest Distribution Amounts Distributable Amount in respect of each Class of the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofUnpaid Interest Shortfall Amount, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in with respect of to the Class A Certificates and the Mezzanine Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE CertificatesDate, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviiixvi) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Master Servicer pursuant to Section 3.24; (xixxvii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxviii) the Required Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount and the Credit Enhancement Percentage for such Distribution Date; (xxixix) the Overcollateralization Increase Amountrespective Pass-Through Rates applicable to the Class A Certificates, if any, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) Date and the Pass-Through Rate applicable to the Class CE A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date; (xx) [reserved]; (xxi) the Aggregate Loss Severity Percentage; (xxii) when the Stepdown Date or Trigger Event has occurred; (xxiii) the Available Funds; and (xxiv) the Net WAC Rate Carryover Amount for the Class A Certificates and the Mezzanine Certificates, if any, for such Distribution Date, the amount remaining unpaid after reimbursements therefor on such Distribution Date and any amounts received under the Cap Contracts. The Trustee will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the NIMS Insurer and the Rating Agencies via the Trustee's internet website. The Trustee's internet website shall initially be located at "www.ctslink.com". ▇▇▇▇▇▇▇▇▇▇ ▇▇ using the website can be obtained by calling the Trustee's customer service desk at (301) 815-6600. Parties that are unable to use 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 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 above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. As a condition to access the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee 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 distribution date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate and the NIMS Insurer a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator Trustee shall forward to the Depositor, the NIMS Insurer, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the ServicersMaster Servicer, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate and the NIMS Insurer a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator Trustee shall, upon request, furnish to each CertificateholderCertificateholder and the NIMS Insurer, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust AdministratorTrustee's duties are limited to the extent that the Trust Administrator Trustee receives timely reports as required from the ServicersMaster Servicer. On each Distribution Date the Trust Administrator Trustee shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg.