Exhibit 10.4C
ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT
ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT (the "Agreement"), dated
February 27, 2007, is among Bank of America, National Association, a national
banking association ("Assignor"), Banc of America Funding Corporation, a
Delaware corporation ("BAFC"), U.S. Bank National Association, a national
banking association, not in its individual capacity, but solely as trustee of
the Banc of America Funding 2007-2 Trust ("Assignee"), ▇▇▇▇▇ Fargo Bank, N.A., a
national banking association ("▇▇▇▇▇ Fargo Bank"), as servicer, and acknowledged
by ▇▇▇▇▇ Fargo Bank, N.A. as master servicer of the Banc of America Funding
2007-2 Trust.
WHEREAS, pursuant to (i) that certain Second Amended and Restated Master
Seller's Warranties and Servicing Agreement, dated as of May 1, 2006 (the
"MSWSA"), by and between Assignor, as purchaser, and ▇▇▇▇▇ Fargo Bank, as seller
and servicer, (ii) that certain Second Amended and Restated Master Mortgage Loan
Purchase Agreement, dated as of May 1, 2006 (the "MMLPA"), by and between
Assignor, as purchaser, and ▇▇▇▇▇ Fargo Bank, as seller, (iii) those certain
Assignment and Conveyance Agreements (2006-W103 and 2006-W113), each dated
December 20, 2006 (the "December 20 ACAs"), (iv) that certain Assignment and
Conveyance Agreement (2007-W01), dated January 19, 2007 (the "January 19 ACA"),
and (v) that certain Assignment and Conveyance Agreement (2007-W02), dated
January 26, 2007 (the "January 26 ACA" and together with the MSWSA, the MMLPA,
the December 20 ACAs and the January 19 ACA, the "Purchase and Servicing
Agreements"), by and between Assignor and ▇▇▇▇▇ Fargo Bank, each of which is
attached in Appendix I hereto, the Assignor purchased the Mortgage Loans (as
defined herein) from ▇▇▇▇▇ Fargo Bank and ▇▇▇▇▇ Fargo Bank currently services
the Mortgage Loans;
WHEREAS, on the date hereof, the Assignor is transferring all of its right,
title and interest in and to the Mortgage Loans to BAFC;
WHEREAS, on the date hereof, BAFC is transferring all of its right, title
and interest in and to the Mortgage Loans to the Assignee; and
WHEREAS, on the date hereof, ▇▇▇▇▇ Fargo Bank, N.A., as master servicer (in
such capacity, the "Master Servicer") and as securities administrator (in such
capacity, the "Securities Administrator"), is entering into a Pooling and
Servicing Agreement, dated the date hereof (the "Pooling Agreement"), among
BAFC, the Master Servicer, the Securities Administrator and the Assignee,
pursuant to which the Master Servicer shall supervise, monitor and oversee the
servicing of the Mortgage Loans.
For and in consideration of the sum of one dollar ($1.00) and other
valuable consideration the receipt and sufficiency of which are hereby
acknowledged, and of the mutual covenants herein contained, the parties hereto
hereby agree as follows:
1. The Assignor hereby grants, transfers and assigns to BAFC, and BAFC
hereby grants, transfers and assigns to Assignee, all of the right, title and
interest of the Assignor in, to and under the Purchase and Servicing Agreements,
and the mortgage loans delivered under such agreement by ▇▇▇▇▇ Fargo Bank to the
Assignor and listed on Exhibit A attached hereto (the "Mortgage Loans").
The Assignor specifically reserves and does not assign to BAFC or the
Assignee any right, title and interest in, to or under any mortgage loan subject
to the Purchase and Servicing Agreements other than the Mortgage Loans.
Notwithstanding any provision in this Agreement to the contrary, it is
understood that ▇▇▇▇▇ Fargo Bank is not released from liability to the Assignor
for any breaches of any representations, warranties or covenants made by ▇▇▇▇▇
Fargo Bank in the Purchase and Servicing Agreements prior to the date hereof
regardless of when such breaches are discovered or made known.
2. The Assignor warrants and represents to, and covenants with, BAFC and
the Assignee that:
a. The Assignor is the lawful owner of the Mortgage Loans with the
full right to transfer the Mortgage Loans free from any and all claims and
encumbrances whatsoever;
b. The Assignor has not received notice of, and has no knowledge of,
any offsets, counterclaims or other defenses available to ▇▇▇▇▇ Fargo Bank with
respect to the Purchase and Servicing Agreements or the Mortgage Loans;
c. The Assignor has not waived or agreed to any waiver under, or
agreed to any amendment or other modification of, the Purchase and Servicing
Agreements or the Mortgage Loans, including without limitation the transfer of
the servicing obligations under the Purchase and Servicing Agreements. The
Assignor has no knowledge of, and has not received notice of, any waivers under
or amendments or other modifications of, or assignments of rights or obligations
under, the Purchase and Servicing Agreements or the Mortgage Loans; and
d. Neither the Assignor nor anyone acting on its behalf has offered,
transferred, pledged, sold or otherwise disposed of the Mortgage Loans, any
interest in the Mortgage Loans or any other similar security to, or solicited
any offer to buy or accept a transfer, pledge or other disposition of the
Mortgage Loans, any interest in the Mortgage Loans or any other similar security
from, or otherwise approached or negotiated with respect to the Mortgage Loans,
any interest in the Mortgage Loans or any other similar security with, any
person in any manner, or made any general solicitation by means of general
advertising or in any other manner, or taken any other action which would
constitute a distribution of the Mortgage Loans under the Securities Act of 1933
(the "33 Act") or which would render the disposition of the Mortgage Loans a
violation of Section 5 of the 33 Act or require registration pursuant thereto.
3. From and after the date hereof, ▇▇▇▇▇ Fargo Bank shall note the
transfer of the Mortgage Loans to the Assignee in its books and records, and
▇▇▇▇▇ Fargo Bank shall recognize the Assignee as the owner of the Mortgage
2
Loans. Notwithstanding anything to the contrary contained in Section 9.01 of the
MSWSA, ▇▇▇▇▇ Fargo Bank shall service the Mortgage Loans pursuant to the MSWSA
as modified by Section 6 of this Agreement, for the benefit of the Assignee.
4. ▇▇▇▇▇ Fargo Bank hereby represents and warrants to each of the other
parties hereto (i) that the representations and warranties of ▇▇▇▇▇ Fargo Bank
in Section 3.01 of the MSWSA are true and correct in all material respects as of
the date hereof with the same force and effect as though expressly made at
and/or as of the date hereof, (ii) that it has serviced the Mortgage Loans in
accordance with the terms of the applicable Purchase and Servicing Agreement,
and (iii) that it has taken no action nor omitted to take any required action
the omission of which would have the effect of impairing any mortgage insurance
or guarantee on the Mortgage Loans.
5. In accordance with Sections 2.03 and 9.01 of the MSWSA, the Assignor
hereby instructs ▇▇▇▇▇ Fargo Bank, and ▇▇▇▇▇ Fargo Bank hereby agrees, to
release from its custody and deliver the Custodial Mortgage File (as defined in
the MSWSA) for each Mortgage Loan to the Assignee, or a custodian on its behalf
under the Pooling Agreement, at the address set forth in Section 7 herein on or
before the closing date of the related Securitization Transaction (as defined in
the MSWSA).
6. ▇▇▇▇▇ Fargo Bank, BAFC and the Assignee hereby agree to the following
modifications to the MSWSA:
a. Article I. Article I is hereby modified by replacing the definition of
"Servicing Fee Rate" with the following:
"With respect to each Mortgage Loan, 0.250% per annum."
b. Section 4.02. Section 4.02 is hereby modified by deleting the phrase
"of the Company's intention to do so" and replacing it with the phrase
"via the monthly reports as identified in Section 5.02, that
foreclosure proceedings have commenced."
c. Section 5.02. Section 5.02 is hereby modified to read as follows:
"Not later than the fifth (5th) Business Day of each month, the
Company shall furnish to the Master Servicer a delinquency report in
the form set forth in Exhibit G-1, a monthly remittance advice in the
form set forth in Exhibit G-2, and a realized loss report in the form
set forth in Exhibit G-3, each in a mutually agreeable electronic
format, as to the remittance on such Remittance Date and as to the
period ending on the last day of the month preceding such Remittance
Date. The information required by Exhibit G-1 is limited to that which
is readily available to the Company and is mutually agreed to by the
Company and the Master Servicer."
The exhibits referenced in this Section 6(c) are attached to this
Agreement as Exhibit B hereto.
3
d. Section 6.05. Section 6.05 is hereby modified by deleting such section
in its entirety and inserting "[Reserved]."
e. Section 6.06. Section 6.06 is hereby modified by deleting the first
paragraph in its entirety and replacing it with the following:
"On or before March 1 of each calendar year, commencing in 2007, the
Company shall:"
f. Section 10.01. Section 10.01(ii) is hereby modified by inserting the
following after the word "thirty (30)":
"(or, in the case of any failure by the Company to perform its
obligations under Section 6.04 or Section 6.06, ten (10))"
g. Section 12.06. Section 12.06, subclause (i), is hereby amended by
replacing the words "MAC X2401-042" with "MAC X2302-033" and by
replacing "515/213-7121" with "515/324-3118."
7. The Assignee's address for purposes of all notices and correspondence
related to the Mortgage Loans and the Purchase and Servicing Agreements is:
U.S. Bank National Association
▇▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇,
▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Attention: Structured Finance Trust Services, BAFC 2007-2
BAFC's address for purposes of all notices and correspondence related to
the Mortgage Loans is:
Banc of America Funding Corporation
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Attention: General Counsel and Chief Financial Officer
The Master Servicer's address for purposes of all notices and
correspondence related to the Mortgage Loans is:
▇▇▇▇▇ Fargo Bank, N.A.
▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Attention: Client Manager - BAFC 2007-2
4
8. ▇▇▇▇▇ Fargo Bank shall remit all funds pursuant to the following wire
instructions:
▇▇▇▇▇ FARGO BANK, N.A.
ABA# ▇▇▇▇▇▇▇▇▇
FOR CREDIT TO: SAS CLEARING, ACCT: ▇▇▇▇▇▇▇▇▇▇
FFC TO: BAFC 2007-2 #50990100
9. ▇▇▇▇▇ Fargo Bank hereby acknowledges that a REMIC election will be made
with respect to the Mortgage Loans and that ▇▇▇▇▇ Fargo Bank, N.A. has been
appointed as the Master Servicer of the Mortgage Loans pursuant to the Pooling
Agreement, and therefore has the right to enforce all obligations of ▇▇▇▇▇ Fargo
Bank, as they relate to the Mortgage Loans, under the Purchase and Servicing
Agreements. Such right will include, without limitation, the right to exercise
any and all rights of the Assignor (but not the obligations) under the Purchase
and Servicing Agreements to monitor and enforce the obligations of ▇▇▇▇▇ Fargo
Bank thereunder, the right to receive all remittances required to be made by
▇▇▇▇▇ Fargo Bank under the Purchase and Servicing Agreements, the right to
receive all monthly reports and other data required to be delivered by ▇▇▇▇▇
Fargo Bank under the Purchase and Servicing Agreements, the right to examine the
books and records of ▇▇▇▇▇ Fargo Bank, as servicer, indemnification rights, and
the right to exercise certain rights of consent and approval relating to actions
taken by ▇▇▇▇▇ Fargo Bank, as servicer.
10. It is expressly understood and agreed by the parties hereto that (i)
this Agreement is executed and delivered by U.S. Bank National Association not
individually or personally but solely as trustee on behalf of the Trust, in the
exercise of the powers and authority conferred and vested in it under the terms
of the Pooling and Servicing Agreement, and (ii) under no circumstances shall
U.S. Bank National Association be personally liable for the payment of any
indebtedness or expenses of the Trust (including, without limitation, any fees,
expenses or indemnities payable under the Purchase and Servicing Agreements), or
be liable for the breach or failure of any obligation, representation, warranty
or covenant of the Trust under this Agreement or any other related documents, as
to all of which recourse shall be had solely to the assets of the Trust in
accordance with the terms of the Pooling and Servicing Agreement.
[Signatures Follow]
5
IN WITNESS WHEREOF, the parties have caused this Assignment, Assumption and
Recognition Agreement to be executed by their duly authorized officers as of the
date first above written.
Bank of America, National Association,
as Assignor
By: /s/ ▇▇▇▇▇ ▇. Good
----------------------------------
Name: ▇▇▇▇▇ ▇. Good
Title: Principal
U.S. Bank National Association,
as Assignee
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Vice President
Banc of America Funding Corporation
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇
---------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇
Title: Senior Vice President
▇▇▇▇▇ Fargo Bank, N.A., as servicer
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Vice President
Acknowledged and Agreed as
of the date first written above:
▇▇▇▇▇ Fargo Bank, N.A., as Master Servicer
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇
---------------------------------
Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Assistant Vice President
[ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT FOR BAFC 2007-2]
EXHIBIT A
Schedule of Mortgage Loans
[Please see the Free Writing Prospectus filed and
accepted by the Securities and Exchange
Commission on March 1, 2007, with a filing
date of March 1, 2007 and accession number
0001379434-07-000048.]
A-1
EXHIBIT B
Exhibit G-1 Standard File Layout - Delinquency Reporting
*The column/header names in bold are the minimum fields ▇▇▇▇▇ Fargo must
receive from every Servicer
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Column/Header Name Description Decimal Format Comment
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
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SERVICER_LOAN_NBR A unique number assigned to a loan by the Servicer. This
may be different than the LOAN_NBR
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
LOAN_NBR A unique identifier assigned to each loan by the
originator.
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--------------------------------------------- --------------------------------------------------------- ----------- ----------------
CLIENT_NBR Servicer Client Number
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--------------------------------------------- --------------------------------------------------------- ----------- ----------------
SERV_INVESTOR_NBR Contains a unique number as assigned by an external
servicer to identify a group of loans in their system.
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BORROWER_FIRST_NAME First Name of the Borrower.
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BORROWER_LAST_NAME Last name of the borrower.
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▇▇▇▇_▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Name and Number of Property
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
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PROP_STATE The state where the property located.
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PROP_ZIP Zip code where the property is located.
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BORR_NEXT_PAY_DUE_DATE The date that the borrower's next payment is due to MM/DD/YYYY
the servicer at the end of processing cycle, as
reported by Servicer.
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
LOAN_TYPE Loan Type (i.e. FHA, VA, Conv)
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
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BANKRUPTCY_FILED_DATE The date a particular bankruptcy claim was filed. MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
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BANKRUPTCY_CHAPTER_CODE The chapter under which the bankruptcy was filed.
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
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BANKRUPTCY_CASE_NBR The case number assigned by the court to the bankruptcy
filing.
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POST_PETITION_DUE_DATE The payment due date once the bankruptcy has been MM/DD/YYYY
approved by the courts
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BANKRUPTCY_DCHRG_DISM_DATE The Date The Loan Is Removed From Bankruptcy. Either by MM/DD/YYYY
Dismissal, Discharged and/or a Motion For Relief Was
Granted.
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LOSS_MIT_APPR_DATE The Date The Loss Mitigation Was Approved By The Servicer MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
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LOSS_MIT_TYPE The Type Of Loss Mitigation Approved For A Loan Such As;
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
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LOSS_MIT_EST_COMP_DATE The Date The Loss Mitigation /Plan Is Scheduled To MM/DD/YYYY
End/Close
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
LOSS_MIT_ACT_COMP_DATE The Date The Loss Mitigation Is Actually Completed MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
FRCLSR_APPROVED_DATE The date DA Admin sends a letter to the servicer with MM/DD/YYYY
instructions to begin foreclosure proceedings.
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ATTORNEY_REFERRAL_DATE Date File Was Referred To Attorney to Pursue Foreclosure MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
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FIRST_LEGAL_DATE Notice of 1st legal filed by an Attorney in a Foreclosure MM/DD/YYYY
Action
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
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FRCLSR_SALE_EXPECTED_DATE The date by which a foreclosure sale is expected to occur. MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
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FRCLSR_SALE_DATE The actual date of the foreclosure sale. MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
FRCLSR_SALE_AMT The amount a property sold for at the foreclosure sale. 2 No commas(,)
or dollar
signs ($)
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
EVICTION_START_DATE The date the servicer initiates eviction of the borrower. MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
B-1
EVICTION_COMPLETED_DATE The date the court revokes legal possession of the MM/DD/YYYY
property from the borrower.
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
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LIST_PRICE The price at which an REO property is marketed. 2 No commas(,)
or dollar
signs ($)
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
LIST_DATE The date an REO property is listed at a particular price. MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
OFFER_AMT The dollar value of an offer for an REO property. 2 No commas(,)
or dollar
signs ($)
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
OFFER_DATE_TIME The date an offer is received by DA Admin or by the MM/DD/YYYY
Servicer.
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
REO_CLOSING_DATE The date the REO sale of the property is scheduled to close. MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
REO_ACTUAL_CLOSING_DATE Actual Date Of REO Sale MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
OCCUPANT_CODE Classification of how the property is occupied.
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
PROP_CONDITION_CODE A code that indicates the condition of the property.
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
PROP_INSPECTION_DATE The date a property inspection is performed. MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
APPRAISAL_DATE The date the appraisal was done. MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
CURR_PROP_VAL The current "as is" value of the property based on 2
brokers price opinion or appraisal.
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
REPAIRED_PROP_VAL The amount the property would be worth if repairs are 2
completed pursuant to a broker's price opinion or
appraisal.
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
If applicable:
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
DELINQ_STATUS_CODE FNMA Code Describing Status of Loan
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
DELINQ_REASON_CODE The circumstances which caused a borrower to stop paying
on a loan. Code indicates the reason why the loan is in
default for this cycle.
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
MI_CLAIM_FILED_DATE Date Mortgage Insurance Claim Was Filed With Mortgage MM/DD/YYYY
Insurance Company.
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
MI_CLAIM_AMT Amount of Mortgage Insurance Claim Filed No commas(,)
or dollar
signs ($)
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
MI_CLAIM_PAID_DATE Date Mortgage Insurance Company Disbursed Claim Payment MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
MI_CLAIM_AMT_PAID Amount Mortgage Insurance Company Paid On Claim 2 No commas(,)
or dollar
signs ($)
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
POOL_CLAIM_FILED_DATE Date Claim Was Filed With Pool Insurance Company MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
POOL_CLAIM_AMT Amount of Claim Filed With Pool Insurance Company 2 No commas(,)
or dollar
signs ($)
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
POOL_CLAIM_PAID_DATE Date Claim Was Settled and The Check Was Issued By The MM/DD/YYYY
Pool Insurer
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
POOL_CLAIM_AMT_PAID Amount Paid On Claim By Pool Insurance Company 2 No commas(,)
or dollar
signs ($)
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
FHA_PART_A_CLAIM_FILED_DATE Date FHA Part A Claim Was Filed With HUD MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
FHA_PART_A_CLAIM_AMT Amount of FHA Part A Claim Filed 2 No commas(,)
or dollar
signs ($)
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
FHA_PART_A_CLAIM_PAID_DATE Date HUD Disbursed Part A Claim Payment MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
FHA_PART_A_CLAIM_PAID_AMT Amount HUD Paid on Part A Claim 2 No commas(,)
or dollar
signs ($)
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
FHA_PART_B_CLAIM_FILED_DATE Date FHA Part B Claim Was Filed With HUD MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
FHA_PART_B_CLAIM_AMT Amount of FHA Part B Claim Filed 2 No commas(,)
or dollar
signs ($)
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
B-2
FHA_PART_B_CLAIM_PAID_DATE Date HUD Disbursed Part B Claim Payment MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
FHA_PART_B_CLAIM_PAID_AMT Amount HUD Paid on Part B Claim 2 No commas(,)
or dollar
signs ($)
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
VA_CLAIM_FILED_DATE Date VA Claim Was Filed With the Veterans Admin MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
VA_CLAIM_PAID_DATE Date Veterans Admin. Disbursed VA Claim Payment MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
VA_CLAIM_PAID_AMT Amount Veterans Admin. Paid on VA Claim 2 No commas(,)
or dollar
signs ($)
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
MOTION_FOR_RELIEF_DATE The date the Motion for Relief was filed 10 MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
FRCLSR_BID_AMT The foreclosure sale bid amount No commas(,)
or dollar
11 signs ($)
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
FRCLSR_SALE_TYPE The foreclosure sales results: REO, Third Party,
Conveyance to HUD/VA
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
REO_PROCEEDS The net proceeds from the sale of the REO property. No commas(,)
or dollar
signs ($)
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
BPO_DATE The date the BPO was done.
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
CURRENT_BPO_VAL The current "as is" value of th property based on a
brokers price opinion.
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
REPAIRED_BPO_PROP_VAL The amount the property would be worth if repairs are
completed pursuant to a broker's price opinion.
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
CURR_APP_VAL The current "as is" value of the property based on an No commas(,)
appraisal. or dollar
11 signs ($)
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
CURRENT_FICO The current FICO score
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
HAZARD_CLAIM_FILED_DATE The date the Hazard Claim was filed with the Hazard MM/DD/YYYY
Insurance Company. 10
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
HAZARD_CLAIM_AMT The amount of the Hazard Insurance Claim filed. No commas(,)
or dollar
11 signs ($)
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
HAZARD_CLAIM_PAID_DATE The date the Hazard Insurance Company disbursed the claim MM/DD/YYYY
payment. 10
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
HAZARD_CLAIM_PAID_AMT The amount the Hazard Insurance Company paid on the claim. No commas(,)
or dollar
11 signs ($)
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
POOL_CLAIM_FILED_DATE The date the claim was filed with the Pool Insurance Company. 10 MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
POOL_CLAIM_AMT The amount of the claim filed with the Pool Insurance No commas(,)
Company. or dollar
11 signs ($)
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
POOL_CLAIM_PAID_DATE The date the claim was settled and the check was issued by MM/DD/YYYY
the Pool Insurer. 10
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
POOL_CLAIM_AMT_PAID The amount paid on the claim by the Pool Insurance Company. No commas(,)
or dollar
11 signs ($)
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
FORECLOSURE_FLAG Y or N Text
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
B-3
BANKRUPTCY_FLAG Y or N Text
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
NOD_DATE MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
MI_CLAIM_DATE Date Mortgage Insurance is filed MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
NOI_DATE MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
ACTUAL_PAYMENT_PLAN_START_DATE MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
ACTUAL_PAYMENT_ PLAN_END_DATE
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
LIST_DATE MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
VACANCY/OCCUPANCY_STATUS The Occupancy status of the defaulted loan's collateral Text
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
ACTUAL_REO_START_DATE MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
SALES_PRICE Number
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
UPB_LIQUIDATION Outstanding Pricipal Balance of the loan upon Liquidation Number
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
REALIZED_LOSS/GAIN As defined in the Servicing Agreement Number
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
LIQUIDATION_PROCEEDS Number
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
PREPAYMENT_CHARGES_COLLECTED The amount of Prepayment Charges received Number
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
PREPAYMENT_CALCULATION The formula behind the prepayment charge Text
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
PAYOFF_DATE The date on which the loan was paid off MM/DD/YYYY
--------------------------------------------- --------------------------------------------------------- ----------- ----------------
B-4
Exhibit G-1: Standard File Codes - Delinquency Reporting
The Loss Mit Type field should show the approved Loss Mitigation Code as
follows:
o ASUM- Approved Assumption
o BAP- Borrower Assistance Program
o CO- Charge Off
o DIL- Deed-in-Lieu
o FFA- Formal Forbearance Agreement
o MOD- Loan Modification
o PRE- Pre-Sale
o SS- Short Sale
o MISC- Anything else approved by the PMI or Pool Insurer
NOTE: ▇▇▇▇▇ Fargo Bank will accept alternative Loss Mitigation Types to those
above, provided that they are consistent with industry standards. If Loss
Mitigation Types other than those above are used, the Servicer must supply ▇▇▇▇▇
Fargo Bank with a description of each of the Loss Mitigation Types prior to
sending the file.
The Occupant Code field should show the current status of the property code as
follows:
o Mortgagor
o Tenant
o Unknown
o Vacant
The Property Condition field should show the last reported condition of the
property as follows:
o Damaged
o Excellent
o Fair
o Gone
o Good
o Poor
o Special Hazard
o Unknown
B-5
Exhibit G-1: Standard File Codes - Delinquency Reporting, Continued
The FNMA Delinquent Reason Code field should show the Reason for Delinquency as
follows:
------------------------ --------------------------------------------------
Delinquency Code Delinquency Description
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
001 FNMA-Death of principal mortgagor
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
002 FNMA-Illness of principal mortgagor
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
003 FNMA-Illness of mortgagor's family member
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
004 FNMA-Death of mortgagor's family member
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
005 FNMA-Marital difficulties
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
006 FNMA-Curtailment of income
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
007 FNMA-Excessive Obligation
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
008 FNMA-Abandonment of property
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
009 FNMA-Distant employee transfer
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
011 FNMA-Property problem
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
012 FNMA-Inability to sell property
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
013 FNMA-Inability to rent property
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
014 FNMA-Military Service
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
015 FNMA-Other
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
016 FNMA-Unemployment
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
017 FNMA-Business failure
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
019 FNMA-Casualty loss
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
022 FNMA-Energy environment costs
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
023 FNMA-Servicing problems
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
026 FNMA-Payment adjustment
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
027 FNMA-Payment dispute
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
029 FNMA-Transfer of ownership pending
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
030 FNMA-Fraud
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
031 FNMA-Unable to contact borrower
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
INC FNMA-Incarceration
------------------------ --------------------------------------------------
B-6
Exhibit G-1: Standard File Codes - Delinquency Reporting, Continued
The FNMA Delinquent Status Code field should show the Status of Default as
follows:
------------------------ --------------------------------------------------
Status Code Status Description
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
09 Forbearance
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
17 Pre-foreclosure Sale Closing Plan Accepted
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
24 Government Seizure
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
26 Refinance
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
27 Assumption
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
28 Modification
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
29 Charge-Off
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
30 Third Party Sale
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
31 Probate
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
32 Military Indulgence
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
43 Foreclosure Started
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
44 Deed-in-Lieu Started
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
49 Assignment Completed
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
61 Second Lien Considerations
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
62 Veteran's Affairs-No Bid
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
63 Veteran's Affairs-Refund
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
64 Veteran's Affairs-Buydown
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
65 Chapter 7 Bankruptcy
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
66 Chapter 11 Bankruptcy
------------------------ --------------------------------------------------
------------------------ --------------------------------------------------
67 Chapter 13 Bankruptcy
------------------------ --------------------------------------------------
B-7
Exhibit G-2: Standard File Layout - Scheduled/Scheduled
Column Name Description Decimal Format Comment Max
Size
----------------------------------------------------------------------------------------------------------------------
SER_INVESTOR_NBR A value assigned by the Servicer to Text up to 10 digits 20
define a group of loans.
----------------------------------------------------------------------------------------------------------------------
LOAN_NBR A unique identifier assigned to each loan Text up to 10 digits 10
by the investor.
----------------------------------------------------------------------------------------------------------------------
SERVICER_LOAN_NBR A unique number assigned to a loan by the Text up to 10 digits 10
Servicer. This may be different than the
LOAN_NBR.
----------------------------------------------------------------------------------------------------------------------
BORROWER_NAME The borrower name as received in the Maximum length of 30 (Last, 30
file. It is not separated by first and First)
last name.
----------------------------------------------------------------------------------------------------------------------
SCHED_PAY_AMT Scheduled monthly principal and scheduled 2 No commas(,) or dollar signs 11
interest payment that a borrower is ($)
expected to pay, P&I constant.
----------------------------------------------------------------------------------------------------------------------
NOTE_INT_RATE The loan interest rate as reported by the 4 Max length of 6 6
Servicer.
----------------------------------------------------------------------------------------------------------------------
NET_INT_RATE The loan gross interest rate less the 4 Max length of 6 6
service fee rate as reported by the
Servicer.
----------------------------------------------------------------------------------------------------------------------
SERV_FEE_RATE The servicer's fee rate for a loan as 4 Max length of 6 6
reported by the Servicer.
----------------------------------------------------------------------------------------------------------------------
SERV_FEE_AMT The servicer's fee amount for a loan as 2 No commas(,) or dollar signs 11
reported by the Servicer. ($)
----------------------------------------------------------------------------------------------------------------------
NEW_PAY_AMT The new loan payment amount as reported 2 No commas(,) or dollar signs 11
by the Servicer. ($)
----------------------------------------------------------------------------------------------------------------------
NEW_LOAN_RATE The new loan rate as reported by the 4 Max length of 6 6
Servicer.
----------------------------------------------------------------------------------------------------------------------
ARM_INDEX_RATE The index the Servicer is using to 4 Max length of 6 6
calculate a forecasted rate.
----------------------------------------------------------------------------------------------------------------------
ACTL_BEG_PRIN_BAL The borrower's actual principal balance 2 No commas(,) or dollar signs 11
at the beginning of the processing cycle. ($)
----------------------------------------------------------------------------------------------------------------------
ACTL_END_PRIN_BAL The borrower's actual principal balance 2 No commas(,) or dollar signs 11
at the end of the processing cycle. ($)
----------------------------------------------------------------------------------------------------------------------
BORR_NEXT_PAY_DUE_DATE The date at the end of processing cycle MM/DD/YYYY 10
that the borrower's next payment is due
to the Servicer, as reported by Servicer.
----------------------------------------------------------------------------------------------------------------------
SERV_CURT_AMT_1 The first curtailment amount to be 2 No commas(,) or dollar signs 11
applied. ($)
----------------------------------------------------------------------------------------------------------------------
SERV_CURT_DATE_1 The curtailment date associated with the MM/DD/YYYY 10
first curtailment amount.
----------------------------------------------------------------------------------------------------------------------
CURT_ADJ_ AMT_1 The curtailment interest on the first 2 No commas(,) or dollar signs 11
curtailment amount, if applicable. ($)
----------------------------------------------------------------------------------------------------------------------
SERV_CURT_AMT_2 The second curtailment amount to be 2 No commas(,) or dollar signs 11
applied. ($)
----------------------------------------------------------------------------------------------------------------------
SERV_CURT_DATE_2 The curtailment date associated with the MM/DD/YYYY 10
second curtailment amount.
----------------------------------------------------------------------------------------------------------------------
CURT_ADJ_ AMT_2 The curtailment interest on the second 2 No commas(,) or dollar signs 11
curtailment amount, if applicable. ($)
----------------------------------------------------------------------------------------------------------------------
SERV_CURT_AMT_3 The third curtailment amount to be 2 No commas(,) or dollar signs 11
applied. ($)
----------------------------------------------------------------------------------------------------------------------
SERV_CURT_DATE_3 The curtailment date associated with the MM/DD/YYYY 10
third curtailment amount.
----------------------------------------------------------------------------------------------------------------------
B-8
CURT_ADJ_AMT_3 The curtailment interest on the third 2 No commas(,) or dollar signs 11
curtailment amount, if applicable. ($)
----------------------------------------------------------------------------------------------------------------------
PIF_AMT The loan "paid in full" amount as 2 No commas(,) or dollar signs 11
reported by the Servicer. ($)
----------------------------------------------------------------------------------------------------------------------
PIF_DATE The paid in full date as reported by the MM/DD/YYYY 10
Servicer.
----------------------------------------------------------------------------------------------------------------------
ACTION_CODE The standard FNMA numeric code used to Action Code Key: 2
indicate the default/delinquent status of 15=Bankruptcy,
a particular loan. 30=Foreclosure, , 60=PIF,
63=Substitution, 65=Repurchase,
70=REO
----------------------------------------------------------------------------------------------------------------------
INT_ADJ_AMT The amount of the interest adjustment as 2 No commas(,) or dollar signs 11
reported by the Servicer. ($)
----------------------------------------------------------------------------------------------------------------------
SOLDIER_SAILOR_ADJ_AMT The Soldier and Sailor Adjustment amount, 2 No commas(,) or dollar signs 11
if applicable. ($)
----------------------------------------------------------------------------------------------------------------------
NON_ADV_LOAN_AMT The Non Recoverable Loan Amount, if 2 No commas(,) or dollar signs 11
applicable. ($)
----------------------------------------------------------------------------------------------------------------------
LOAN_LOSS_AMT The amount the Servicer is passing as a 2 No commas(,) or dollar signs 11
loss, if applicable. ($)
----------------------------------------------------------------------------------------------------------------------
SCHED_BEG_PRIN_BAL The scheduled outstanding principal 2 No commas(,) or dollar signs 11
amount due at the beginning of the cycle ($)
date to be passed through to investors.
----------------------------------------------------------------------------------------------------------------------
SCHED_END_PRIN_BAL The scheduled principal balance due to 2 No commas(,) or dollar signs 11
investors at the end of a processing ($)
cycle.
----------------------------------------------------------------------------------------------------------------------
SCHED_PRIN_AMT The scheduled principal amount as 2 No commas(,) or dollar signs 11
reported by the Servicer for the current ($)
cycle -- only applicable for
Scheduled/Scheduled Loans.
----------------------------------------------------------------------------------------------------------------------
SCHED_NET_INT The scheduled gross interest amount less 2 No commas(,) or dollar signs 11
the service fee amount for the current ($)
cycle as reported by the Servicer -- only
applicable for Scheduled/Scheduled Loans.
----------------------------------------------------------------------------------------------------------------------
ACTL_PRIN_AMT The actual principal amount collected by 2 No commas(,) or dollar signs 11
the Servicer for the current reporting ($)
cycle -- only applicable for
Actual/Actual Loans.
----------------------------------------------------------------------------------------------------------------------
ACTL_NET_INT The actual gross interest amount less the 2 No commas(,) or dollar signs 11
service fee amount for the current ($)
reporting cycle as reported by the
Servicer -- only applicable for
Actual/Actual Loans.
----------------------------------------------------------------------------------------------------------------------
PREPAY_PENALTY_ AMT The penalty amount received when a 2 No commas(,) or dollar signs 11
borrower prepays on his loan as reported ($)
by the Servicer.
----------------------------------------------------------------------------------------------------------------------
PREPAY_PENALTY_ WAIVED The prepayment penalty amount for the 2 No commas(,) or dollar signs 11
loan waived by the servicer. ($)
----------------------------------------------------------------------------------------------------------------------
MOD_DATE The Effective Payment Date of the MM/DD/YYYY 10
Modification for the loan.
----------------------------------------------------------------------------------------------------------------------
MOD_TYPE The Modification Type. Varchar - value can be alpha 30
or numeric
----------------------------------------------------------------------------------------------------------------------
DELINQ_P&I_ADVANCE_AMT The current outstanding principal and 2 No commas(,) or dollar signs 11
interest advances made by Servicer. ($)
----------------------------------------------------------------------------------------------------------------------
B-9
Exhibit G-3: Calculation of Realized Loss/Gain Form 332- Instruction Sheet
NOTE: Do not net or combine items. Show all expenses individually and all
credits as separate line items. Claim packages are due on the remittance
report date. Late submissions may result in claims not being passed until
the following month. The Servicer is responsible to remit all funds pending
loss approval and /or resolution of any disputed items.
The numbers on the 332 form correspond with the numbers listed below.
Liquidation and Acquisition Expenses:
1. The Actual Unpaid Principal Balance of the Mortgage Loan. For
documentation, an Amortization Schedule from date of default through
liquidation breaking out the net interest and servicing fees
advanced is required.
2. The Total Interest Due less the aggregate amount of servicing fee
that would have been earned if all delinquent payments had been made
as agreed. For documentation, an Amortization Schedule from date of
default through liquidation breaking out the net interest and
servicing fees advanced is required.
3. Accrued Servicing Fees based upon the Scheduled Principal Balance
of the Mortgage Loan as calculated on a monthly basis. For
documentation, an Amortization Schedule from date of default through
liquidation breaking out the net interest and servicing fees
advanced is required.
4-12. Complete as applicable. Required documentation:
* For taxes and insurance advances - see page 2 of 332 form -
breakdown required showing period of coverage, base tax, interest,
penalty. Advances prior to default require evidence of servicer
efforts to recover advances.
* For escrow advances - complete payment history (to calculate
advances from last positive escrow balance forward)
* Other expenses - copies of corporate advance history showing
all payments * REO repairs > $1500 require explanation
* REO repairs >$3000 require evidence of at least 2 bids.
* Short Sale or Charge Off require P&L supporting the decision
and WFB's approved Servicing Officer certification
* Unusual or extraordinary items may require further
documentation.
13. The total of lines 1 through 12.
Credits:
14-21. Complete as applicable. Required documentation:
* Copy of the HUD 1 from the REO sale. If a 3rd Party Sale, bid
instructions and Escrow Agent / Attorney Letter of Proceeds
Breakdown.
* Copy of EOB for any MI or gov't guarantee
* All other credits need to be clearly defined on the 332 form
22. The total of lines 14 through 21.
Please Note: For HUD/VA loans, use line (18a) for Part A/Initial proceeds
and line (18b) for Part B/Supplemental proceeds.
B-10
Total Realized Loss (or Amount of Any Gain)
23. The total derived from subtracting line 22 from 13. If the amount
represents a realized gain, show the amount in parenthesis ( ).
B-11
Exhibit 3A: Calculation of Realized Loss/Gain Form 332
Prepared by: Date:
---------------- --------------
Phone: Email Address:
---------------- ----------------------
---------------------------------- -------------------------------------- --------------------------------------------
Servicer Loan No. Servicer Name Servicer Address
---------------------------------- -------------------------------------- --------------------------------------------
▇▇▇▇▇ FARGO BANK, N.A. Loan No.
---------------------------------
Borrower's Name:
------------------------------------------------------
Property Address:
------------------------------------------------------
Liquidation Type: REO Sale 3rd Party Sale Short Sale Charge Off
Was this loan granted a Bankruptcy deficiency or
cramdown Yes No
If "Yes", provide deficiency or cramdown amount
-----------------------
Liquidation and Acquisition Expenses:
(1) Actual Unpaid Principal Balance of Mortgage Loan $
(1) --------------
(2) Interest accrued at Net Rate
(2) --------------
(3) Accrued Servicing Fees
(3) --------------
(4) Attorney's Fees
(4) --------------
(5) Taxes (see page 2)
(5) --------------
(6) Property Maintenance
(6) --------------
(7) MI/Hazard Insurance Premiums (see page 2)
(7) --------------
(8) Utility Expenses
(8) --------------
(9) Appraisal/BPO
(9) --------------
(10) Property Inspections
(10) --------------
(11) FC Costs/Other Legal Expenses
(11) --------------
(12) Other (itemize)
(12) --------------
Cash for Keys
----------------------------
(12) --------------
B-12
HOA/Condo Fees
(12) --------------------------- --------------
------------------------------------------ --------------
(12)
Total Expenses $
(13) --------------
Credits:
(14) Escrow Balance $
(14) --------------
(15) HIP Refund
(15) --------------
(16) Rental Receipts
(16) --------------
(17) Hazard Loss Proceeds
(17) --------------
(18) Primary Mortgage Insurance / Gov't Insurance
(18a) HUD Part A --------------
(18b)HUD Part B --------------
(19) Pool Insurance Proceeds
(19) --------------
(20) Proceeds from Sale of Acquired Property
(20) --------------
(21) Other (itemize)
(21) --------------
----------------------------------------------
(21) --------------
Total Credits $
(22) --------------
Total Realized Loss (or Amount of Gain) $
(23) --------------
B-13
Escrow Disbursement Detail
---------------- ------------- ---------------- ------------- --------------- ---------------- --------------
Type Date Paid Period of Total Paid Base Amount Penalties Interest
(Tax /Ins.) Coverage
---------------- ------------- ---------------- ------------- --------------- ---------------- --------------
---------------- ------------- ---------------- ------------- --------------- ---------------- --------------
---------------- ------------- ---------------- ------------- --------------- ---------------- --------------
---------------- ------------- ---------------- ------------- --------------- ---------------- --------------
---------------- ------------- ---------------- ------------- --------------- ---------------- --------------
---------------- ------------- ---------------- ------------- --------------- ---------------- --------------
---------------- ------------- ---------------- ------------- --------------- ---------------- --------------
---------------- ------------- ---------------- ------------- --------------- ---------------- --------------
---------------- ------------- ---------------- ------------- --------------- ---------------- --------------
B-14
APPENDIX I
Purchase and Servicing Agreements
[Included as Exhibits 10.4(A) and
(B) to the Current
Report on Form 8-K
pursuant to which this
Assignment, Assumption
and Recognition
Agreement is filed.]