Common use of Underwriting Criteria Clause in Contracts

Underwriting Criteria. Each Mortgage Loan [was underwritten generally in accordance with Countrywide’s credit underwriting guidelines in effect at the time such Mortgage Loan was originated] [conforms to the ▇▇▇▇▇▇ ▇▇▇ or ▇▇▇▇▇▇▇ Mac mortgage eligibility criteria (as such criteria applies to Countrywide) and is eligible for sale to, and securitization by, ▇▇▇▇▇▇ Mae or ▇▇▇▇▇▇▇ Mac] [at the time of origination was underwritten to guidelines which are consistent with an institutional investor-quality mortgage loan]. Kindly acknowledge your agreement to the terms of this Purchase Confirmation by signing in the appropriate space below and returning this Purchase Confirmation to the undersigned. Telecopy signatures shall be deemed valid and binding to the same extent as the original. Sincerely, Agreed to and Accepted by: COUNTRYWIDE HOME LOANS, INC. ▇▇▇▇▇▇▇ SACHS MORTGAGE COMPANY By: ______________________________ Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇ Title: Executive Vice President By: _________________________________ Name: Title: 1.

Underwriting Criteria. Each Mortgage Loan [was underwritten generally in accordance with Countrywide’s credit underwriting guidelines in effect at the time such Mortgage Loan was originated] [conforms to the ▇▇▇▇▇▇ ▇▇▇ or ▇▇▇▇▇▇▇ Mac mortgage eligibility criteria (as such criteria applies to Countrywide) and is eligible for sale to, and securitization by, ▇▇▇▇▇▇ Mae or ▇▇▇▇▇▇▇ Mac] [at the time of origination was underwritten to guidelines which are consistent with an institutional investor-quality mortgage loan]. Kindly acknowledge your agreement to the terms of this Purchase Confirmation by signing in the appropriate space below and returning this Purchase Confirmation to the undersigned. Telecopy signatures shall be deemed valid and binding to the same extent as the original. Sincerely, Agreed to and Accepted by: COUNTRYWIDE HOME LOANS, INC. ▇▇▇▇▇▇▇ SACHS MORTGAGE COMPANY By: ______________________________ By: Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇ Name: Title: Executive Vice President By: _________________________________ Name: Title: 1.

Underwriting Criteria. Each Mortgage Loan [was underwritten generally in accordance with Countrywide’s credit underwriting guidelines in effect at the time such Mortgage Loan was originated] [conforms to the ▇▇▇▇▇▇ ▇▇▇ or ▇▇▇▇▇▇▇ Mac mortgage eligibility criteria (as such criteria applies to Countrywide) and is eligible for sale to, and securitization by, ▇▇▇▇▇▇ Mae or ▇▇▇▇▇▇▇ Mac] [at the time of origination was underwritten to guidelines which are consistent with an institutional investor-quality mortgage loan]. Kindly acknowledge your agreement to the terms of this Purchase Confirmation by signing in the appropriate space below and returning this Purchase Confirmation to the undersigned. Telecopy signatures shall be deemed valid and binding to the same extent as the original. Sincerely, Agreed to and Accepted by: COUNTRYWIDE HOME LOANS, INC. ▇▇▇▇▇▇▇ SACHS MORTGAGE COMPANY By: ______________________________ Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇ Title: Executive Vice President ▇▇▇▇▇▇▇ ▇▇▇▇▇ MORTGAGE COMPANY By: _________________________________ Name: Title: 1.