Exhibit 99.11(a)
EXECUTION COPY
ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT
THIS ASSIGNMENT AND ASSUMPTION AGREEMENT, dated April 1, 2006
(this
"Assignment"), among Morgan Stanley Mortgage Capital Inc. ("MSMCI"
or the
"Purchaser"), GMAC Mortgage Corporation, a Pennsylvania
corporation
("Servicer"), and LaSalle Bank National Association ("LaSalle"), as
trustee
("Trustee") of Morgan Stanley Mortgage Loan Trust 2006-6AR (the
"Trust") and
acknowledged by Wells Fargo Bank, National Association, as master
servicer (in
such capacity, the "Master Servicer") and as securities
administrator (in such
capacity, the "Securities Administrator") and Morgan Stanley
Capital I Inc.
(the "Depositor").
WHEREAS, the Purchaser is the owner of various mortgage loans,
including the mortgage loans identified on Schedule 1 hereto (the
"Specified
Mortgage Loans");
WHEREAS, the Servicer and the Purchaser are parties to a
Servicing
Agreement, dated as of May 20, 2005 (the "Initial Servicing
Agreement") and a
First Amended and Restated Servicing Agreement, dated as of January
1, 2006
(the "the Servicing Agreement"), pursuant to which the Servicer has
agreed to
service the Specified Mortgage Loans on behalf of the Purchaser as
"Owner" (as
such term is defined in the Servicing Agreement);
WHEREAS, in connection with the servicing of the Mortgage Loans
hereunder, the Seller agrees that, from and after the date hereof,
each
Mortgage Loan serviced hereunder will be subject to the Servicing
Agreement;
NOW, THEREFORE, in consideration of the mutual promises
contained
herein and other good and valuable consideration (the receipt and
sufficiency
of which are hereby acknowledged), the parties agree as
follows:
1. Assignment and Assumption
The Purchaser, as Owner, is the owner of all of the rights, title
and
interest of the rights (the "Servicing Rights"), in, to and under
the
Servicing Agreement as it relates to the servicing of the Specified
Mortgage
Loans. Pursuant to this Assignment, the Purchaser hereby grants,
transfers and
assigns (i) its rights and obligations, as "Owner" under the
Servicing
Agreement with respect to the Specified Mortgage Loans other than
the
Servicing Rights which the Owner explicitly retains and (ii) any
rights
granted to the Purchaser as Owner under the Servicing Agreement to
the
Depositor (the "First Assignment and Assumption"), and the
Depositor hereby
acknowledges the First Assignment and Assumption. Immediately after
giving
effect to the First Assignment and Assumption, the Depositor hereby
grants,
transfers and assigns its rights and obligations in and under the
First
Assignment and Assumption to the Trustee, on behalf of the Trust,
and the
Trustee, on behalf of the Trust, hereby accepts such assignment
from the
Depositor (the "Second Assignment and Assumption").
The Servicer hereby acknowledges each of the First Assignment
and
Assumption and the Second Assignment and Assumption.
For the purposes of this Assignment and the Servicing
Agreement,
Schedule 1 hereto shall constitute a "Mortgage Loan Schedule" as
such term is
defined in the Servicing Agreement,
<PAGE>
and the assignment set forth herein shall constitute a
"Reconstitution" (as
such term is defined in the Servicing Agreement).
2. Recognition of Trustee
The parties confirm that this Assignment includes the rights
relating
to amendments or waivers under the Servicing Agreement.
Accordingly, the right
of MSMCI, as Owner, to consent to any amendment of the Servicing
Agreement and
its rights concerning waivers as set forth in Section 16 of the
Servicing
Agreement shall be exercisable, to the extent any such amendment or
waiver
affects the Specified Mortgage Loans or any of the rights under the
Servicing
Agreement with respect thereto (other than the servicing of the
Specified
Mortgage Loans, which shall be enforced by the Master Servicer) by
the Trustee
on behalf of the Trust as the successor to the Purchaser in its
capacity as
Owner under the Servicing Agreement.
It is expressly understood and agreed by the parties hereto that
(i)
this Assignment is executed and delivered by LaSalle Bank
National
Association, not individually or personally but solely on behalf of
the Trust,
as assignee, in the exercise of the powers and authority conferred
and vested
in it, as Trustee, pursuant to the Pooling and Servicing Agreement
dated as of
April 1, 2006 among the Depositor, Wells Fargo Bank, National
Association, as
securities administrator and master servicer, and the Trustee (the
"Pooling
and Servicing Agreement"), (ii) each of the representations,
undertakings and
agreements herein made on the part of the Trust as assignee is made
and
intended not as personal representations, undertakings and
agreements by
LaSalle Bank National Association but is made and intended for the
purpose of
binding only the Trust, (iii) nothing herein contained shall be
construed as
creating any liability for LaSalle Bank National Association,
individually or
personally, to perform any covenant (either express or implied)
contained
herein and (iv) under no circumstances shall LaSalle Bank National
Association
be personally liable for the payment of any indebtedness or
expenses of the
Trust, or be liable for the breach or failure of any
obligation,
representation, warranty or covenant made or undertaken by the
Trust under
this Assignment and (v) all recourse for any payment liability or
other
obligation of the Trust as assignee shall be had solely to the
assets of the
Trust.
3. Representations and Warranties
(a) The Depositor represents and warrants that it is a
sophisticated
investor able to evaluate the risks and merits of the
transactions
contemplated hereby, and that it has not relied in connection
therewith upon
any statements or representations of the Servicer or MSMCI other
than those
contained in the Servicing Agreement or this Assignment.
(b) Each of the parties hereto represents and warrants that it
is
duly and legally authorized to enter into this Assignment.
(c) Each of the Depositor, the Purchaser and the Servicer
represents
and warrants that this Assignment has been duly authorized,
executed and
delivered by it and (assuming due authorization, execution and
delivery
thereof by each of the other parties hereto) constitutes its legal,
valid and
binding obligation, enforceable against it in accordance with its
terms,
except as such enforcement may be limited by bankruptcy,
insolvency,
reorganization or other similar laws
2
<PAGE>
affecting the enforcement of creditors' rights generally and by
general
equitable principles (regardless of whether such enforcement is
considered in
a proceeding in equity or at law).
(d) The Servicer hereby warrants and represents to, and
covenants
with, the Purchaser and the Trustee that each of the
representations and
warranties set forth in Section 6.01 of the Servicing Agreement are
true and
correct with respect to the Servicer as of the date hereof.
4. The Servicer hereby acknowledges that Wells Fargo Bank,
National
Association has been appointed as the Master Servicer of the
Specified
Mortgage Loans pursuant to the Pooling and Servicing Agreement and,
therefore,
has the right to enforce all obligations of the Servicer under the
Servicing
Agreement. Such rights will include, without limitation, the right
to
terminate the Servicer under the Servicing Agreement as provided
thereunder,
the right to receive all remittances required to be made by the
Servicer under
the Servicing Agreement, the right to receive all monthly reports
and other
data required to be delivered by the Servicer under the Servicing
Agreement,
the right to examine the books and records of the Servicer and the
right to
exercise certain rights of consent and approval granted to the
Purchaser under
the Servicing Agreement.
In accordance with the Second Assignment and Assumption, the
Trustee,
as Owner, hereby directs the Servicer to make all distributions
under the
Servicing Agreement to the Master Servicer by wire transfer of
immediately
available funds to:
Wells Fargo Bank, National Association
ABA Number:
121-000-248
Account Name:
Corporate Trust Clearing
Account number:
3970771416
For further credit to:
50913800, MSM 2006-6AR
In accordance with the Second Assignment and Assumption, the
Trustee,
as Owner, hereby directs the Servicer to deliver all reports
required to be
delivered under the Servicing Agreement to the Master Servicer at
the
following address:
Wells Fargo Bank, National Association
9062 Old Annapolis Road
Columbia, Maryland 21045
Attention: Client Manager, MSM 2006-6AR
Office Number: (410)
884-2000
Telecopier: (410) 715-2380
5. Amendments to Servicing Agreement.
(a) The following definitions in Section 1 are revised as
follows
with respect to the Specified Mortgage Loans:
a. "Eligible Account" shall have the meaning set forth in the
Pooling and Servicing Agreement.
3
<PAGE>
b. "Eligible Investments" shall have the meaning set forth in
the Pooling and Servicing Agreement.
c. "Indemnified Party": each Party described in the first
sentence of Section 31.07(a) of the Servicing Agreement.
d. "Remittance Date" shall mean no later than 1:00 p.m.,
New York time, on the 18th day of each month, or if such 18th day
is not a
Business Day, the first Business Day immediately following such
18th day.
(b) Solely with respect to the Specified Mortgage Loans, the words
";
provided, however," to and including the end of the penultimate
sentence of
paragraph (a) of Section 3.01 are hereby deleted.
(c) The following paragraph is hereby incorporated into the
Servicing
Agreement as new Section 3.19:
"3.19 Fair
Credit Reporting Act
The Servicer, in its capacity as servicer for each Mortgage
Loan, agrees to fully furnish, in accordance with the Fair
Credit
Reporting Act and its implementing regulations, accurate and
complete information (e.g., favorable and unfavorable) on its
borrower credit files to Equifax, Experian and Trans Union
Credit
Information Servicer (three of the credit repositories), on a
monthly basis."
(d) Solely with respect to the Specified Mortgage Loans, the
following deletions are hereby made to the fourth paragraph of
Section 4.01:
a. the words "following the Business Day" are hereby deleted
from the first sentence and
b. the word "second" is hereby deleted from the second
sentence.
(e) Solely with respect to the Specified Mortgage Loans, the
first
sentence of Section 5.04 is amended by adding the words "(with a
copy to the
Master Servicer)" after the word "Owner".
(f) Solely with respect to the Specified Mortgage Loans,
Section
8.01(b) is hereby amended and restated as follows:
"(b) failure on the part of the Servicer duly to observe or
perform
in any material respect any other of the covenants or agreements on
the part
of the Servicer set forth in this Agreement (including but not
limited to
breach by Servicer of any one or more of the representations,
warranties and
covenants of the Servicer as set forth in Section 6.01 above) which
continues
uncured for a period of thirty (30) days (except that (x) such
number of days
shall be fifteen (15) days in the case of a failure to pay any
premium for any
insurance policy required to be maintained under this Agreement and
(y) such
number of days shall be fourteen
4
<PAGE>
(14) calendar days with respect to the reports required under
Sections 31.04
and 31.05 and the last paragraph of Section 25) after the earlier
of the date
on which (i) written notice of such failure, requiring the same to
be
remedied, shall have been given to the Servicer by the Owner, or
(ii) Servicer
first becomes aware of such failure."
(g) Solely with respect to the Specified Mortgage Loans, the
rights
of the Servicer pursuant to clause (iv) of Section 9.01(a) are
hereby deleted.
(h) Solely with respect to the Specified Mortgage Loans, the
rights
of the Servicer pursuant to Section 9.02 are hereby deleted.
(i) Section 20(a) of the Servicing Agreement is hereby amended to
add
the Master Servicer as an "Indemnified Party" in accordance with
such Section.
(j)
Solely with respect to the Specified Mortgage Loans, the
following is added to the end of Section 22(a):
"or as necessary to provide the reports required by Section 4.05
of
the Pooling and Servicing Agreement."
(k) Section 31.03(d) of the Servicing Agreement is hereby
amended
and restated in its entirety as follows:
"For the purpose of satisfying its reporting obligation under
the
Exchange Act with respect to any class of asset-backed
securities,
the Company shall (or shall cause each Subservicer to) (i)
promptly
notify the Purchaser, any Master Servicer and any Depositor in
writing of (A) any litigation or governmental proceedings
pending
against the Company, any Subservicer that would be material to
securityholders, (B) any affiliations or relationships that
develop
following the closing date of a Securitization Transaction
between
the Company, any Subservicer and any of the parties specified
in
clause (D) of paragraph (a) of this Section (and any other
parties
identified in writing by the requesting party) with respect to
such
Securitization Transaction, but only to the extent that such
affiliations or relationships do not include the Purchaser,
Depositor or any of their respective affiliates as a party, (C)
any
Event of Default under the terms of this Agreement or any
Reconstitution Agreement, (D) any merger, consolidation or sale
of
substantially all of the assets of the Company and (E) the
Company's
entry into an agreement with a Subcontractor to perform or
assist
the Company with the performance of any of the Company's
obligations
under this Agreement or any Reconstitution Agreement, and (ii)
provide to the Purchaser and any Depositor a description of
such
proceedings, affiliations or relationships."
(l) Section 31.03 (f) of the Servicing Agreement is hereby
amended
and restated in its entirety as follows:
"In addition to such information as the Company, as servicer,
is
obligated to provide pursuant to other provisions of this
Agreement,
not later than ten (10) days prior to the deadline for the filing
of
any distribution report on Form 10-D in respect of any
Securitization Transaction that includes any of the Mortgage
Loans
serviced by the
5
<PAGE>
Company or any Subservicer, the Company or such Subservicer, as
applicable, shall, to the extent the Company or such Subservicer
has
knowledge, provide to the party responsible for filing such
report
(including, if applicable, the Master Servicer) notice of the
occurrence of any of the following events along with all
information, data, and materials related thereto as may be
required
to be included in the related distribution report on Form 10-D
(as
specified in the provisions of Regulation AB referenced below):
(i) any material modifications, extensions or waivers of pool
asset terms, fees, penalties or payments during the
distribution period or that have cumulatively become material
over time (Item 1121(a)(11) of Regulation AB);
(ii) material breaches of pool asset representations or
warranties or transaction covenants (Item 1121(a)(12) of
Regulation AB); and
(iii) information regarding new asset-backed securities
issuances backed by the same pool assets, any pool asset
changes (such as, additions, substitutions or repurchases), and
any material changes in origination, underwriting or other
criteria for acquisition or selection of pool assets (Item
1121(a)(14) of Regulation AB).
(m) The following is inserted as 31.03 (g) of the Servicing
Agreement:
"The Company shall provide to the Purchaser, any Master Servicer
and
any Depositor, evidence of the authorization of the person
signing
any certification or statement, copies or other evidence of
Fidelity
Bond Insurance and Errors and Omission Insurance policy,
financial
information and reports, and such other information related to
the
Company or any Subservicer or the Company or such Subservicer's
performance hereunder."
(n) Section 31.04 is hereby amended and restated in its entirety
as
follows:
"On or before March 1 of each calendar year, commencing in 2007,
the
Servicer shall deliver to the Owner and any Depositor a statement
of
compliance addressed to the Owner and such Depositor and signed
by
an authorized officer of the Servicer, to the effect that (i) a
review of the Servicer's activities during the immediately
preceding
calendar year (or applicable portion thereof) and of its
performance
under this Agreement and any applicable Reconstitution
Agreement
during such period has been made under such officer's
supervision,
and (ii) to the best
of such officers' knowledge, based on such
review, the Servicer has fulfilled all of its obligations under
this
Agreement and any applicable Reconstitution Agreement in all
material respects throughout such calendar year (or applicable
portion thereof) or, if there has been a failure to fulfill any
such
obligation in any material respect, specifically identifying
each
such failure known to such officer and the nature and the
status
thereof.
"In the event that the Servicer fails to timely comply with
this
Section 31.04, the Depositor shall use its commercially
reasonable
efforts to obtain written statements or assurances from the
Commission, that
such failure to provide the required statement of
compliance on a timely basis, and a one time additional failure
by
the Servicer to comply with this Section 31.04, will not result
in
any adverse effect on the Depositor or its affiliates with
respect
to any Shelf Registration on Form S-3 of the Depositor or any of
its
6
<PAGE>
affiliates. Any costs or expenses incurred by the Depositor or
the
Master Servicer in obtaining such statement or assurances from
the
Commission shall be reimbursed to the Depositor by the Servicer.
In
the event that the Depositor is unable to receive any such
assurances from the Commission after the use of such
commercially
reasonable efforts of the related year, such failure by the
Servicer
to comply with this Section 31.04 shall be deemed an Event of
Default, automatically at such time, without notice and without
any
cure period, and Depositor may, in addition to whatever rights
the
Depositor may have under Section 20 of the Servicing Agreement
and
at law or equity or to damages, including injunctive relief and
specific performance, terminate all the rights and obligations
of
the Servicer under this Agreement and in and to the Mortgage
Loans
and the proceeds thereof without compensating the Servicer for
the
same, as provided in Section 9 of the Servicing Agreement. Such
termination shall be considered with cause pursuant to Section
9.01
of the Servicing Agreement. This paragraph shall supersede any
other
provision in this Agreement or any other agreement to the
contrary."
(o) Section 31.05(a)(iv) of the Servicing Agreement is hereby
amended and restated in its entirety as follows:
"deliver, and cause each Subservicer and Subcontractor described
in
clause (iii) above to deliver, to the Purchaser, the Master
Servicer, any Depositor and any other Person that will be
responsible for signing the certification (a "Sarbanes
Certification") required by Rules 13a-14(d) and 15d-14(d) under
the
Exchange Act (pursuant
to Section 302 of the Sarbanes-Oxley Act of
2002) on behalf of an asset-backed issuer with respect to a
Securitization Transaction a certification, signed by an
appropriate
officer of the Servicer, in the form attached hereto as Exhibit
I.
In addition to providing the Sarbanes Certification, the
Servicer
shall also cooperate with the Depositor and provide such
additional
information as the Depositor may reasonably request with
respect
thereto."
(p) The third sentence of Section 31.06(a) is amended to require
the
Company to cause any Subservicer or Subcontractor to comply with
all
of the following Sections of the Servicing Agreement: Section
31.02,
Section 31.03(c), (e), (f) and (g), Section 31.04, Section
31.05,
Section 31.06(a) and Section 31.07.
(q) The last sentence of the second paragraph of Section 31.06(b)
is
amended to require the Company to cause any Subservicer or
Subcontractor to provide any assessment of compliance and
attestation but also any other certifications required to
delivered
under Section 31.05.
(r) Section 31.07(a)(ii) of the Servicing Agreement is hereby
amended and restated in its entirety as follows:
"(ii) any breach by the Company under this Section 31,
including
particularly any failure by the Company, any Subservicer, any
Subcontractor to deliver any information, report,
certification,
accountants' letter or other material when and as required,
under
this Article II, including any failure by the Company to
identify
pursuant to Section 31.06(b) any Subcontractor "participating in
the
servicing function" within the meaning of Item 1122 of
Regulation
AB;"
7
<PAGE>
(s) The word "or" is struck at the end of Section 31.07(a)(ii)
of
the Servicing Agreement, the word "or" is added at the end of
Section 31.07(a)(iii) of the Servicing Agreement, and the
following
is inserted to Section 31.07(a) of the Servicing Agreement:
"(iv) negligence, bad faith or willful misconduct of the
Company
in connection with its performance under this Article II.
If the indemnification provided for herein is unavailable or
insufficient to hold harmless an Indemnified Party, then the
Company
agrees that it shall contribute to the amount paid or payable
by
such Indemnified Party as a result of any claims, losses, damages
or
liabilities incurred by such Indemnified Party in such proportion
as
is appropriate to reflect the relative fault of such
Indemnified
Party on the one hand and the Company on the other.
This indemnification shall survive the termination of this
Agreement
or the termination of any party to this Agreement."
(t) The following parenthetical is inserted directly before the
proviso in the last sentence of the first paragraph of Section
31.07(b)(i) of the Servicing Agreement:
"(and if the Company is servicing any of the Mortgage Loans in
a
Securitization Transaction, appoint a successor servicer
reasonably
acceptable to the Master Servicer for such Securitization
Transaction)"
(u) The following paragraph is hereby incorporated into the
Servicing Agreement as new Section 32:
"Third Party Beneficiary. For purposes of this Agreement, any
master
servicer appointed in connection with a Reconstitution by the
Owner
shall be considered a third party beneficiary to this Agreement
(including but not limited to Sections 31.01, 31.03 and 31.04
hereof) with respect to the Specified Mortgage Loans entitled to
all
the rights and benefits accruing to any master servicer herein
with
respect to the Specified Mortgage Loans as if it were a direct
party
to this Agreement."
(v) Schedule I to the Servicing Agreement is hereby replaced in
its
entirety with the Amended and Restated Schedule I attached to
this
Assignment as Exhibit II.
(w) Exhibit J to the Servicing Agreement is hereby replaced in
its
entirety with Exhibit IV attached hereto.
(x) All assessments, reports and certifications required to be
delivered by the Servicer this Assignment shall include the Master
Servicer as
an addressee, and the Master Servicer shall be entitled to rely
upon all such
assessments, reports and certifications.
(y) Written notice provided in compliance with Sections 31.03(d),
(e)
or (f) of the Servicing Agreement shall be substantially in the
form of
Exhibit III to this Agreement.
8
<PAGE>
6. Notices
The Depositor's address for purposes for all notices and
correspondence
related to the Mortgage Loans, this Assignment and the Servicing
Agreement is
:
Morgan Stanley Capital I Inc.
1585 Broadway
New York, New York 10036
Attention: Morgan
Stanley Mortgage Loan Trust 2006-6AR
The Trustee's address for purposes for all notices and
correspondence related
to the Mortgage Loans, this Assignment and the Servicing Agreement
is :
LaSalle Bank National Association
135 South LaSalle Street, Suite 1625
Chicago, Illinois 60603
Attention: Global Securities and Trust Services MSM 2006-6AR
The Purchaser's address for purposes for all notices and
correspondence
related to the Mortgage Loans, this Assignment and the Servicing
Agreement is:
Morgan Stanley Mortgage Capital Inc.
1221 Avenue of the Americas
New York, New York 10020
Attention: Morgan Stanley Mortgage Loan Trust 2006-6AR
With a copy to:
Morgan Stanley & Co. Incorporated
1585 Broadway
New York, New York 10036
Attention: General Counsel's Office
The Servicer's address for purposes for all notices and
correspondence related
to the Mortgage Loans and this Assignment is :
GMAC Mortgage Corporation
100 Witmer Road
Horsham, Pennsylvania 92127
Attention: Executive
Vice President of National Loan
Administration
9
<PAGE>
7. Certain Matters Regarding the Trustee
Each party hereto hereby agrees as follows:
Notwithstanding any term hereof to the contrary, the execution
and
delivery of this Assignment by Trustee is solely in its capacity as
trustee
for Morgan Stanley Mortgage Loan Trust 2006-6AR and not
individually, and any
recourse against Trustee in respect of any obligations it may have
under or
pursuant to the terms of this Assignment (if any) shall be limited
solely to
the assets it may hold as trustee of Morgan Stanley Mortgage Loan
Trust
2006-6AR.
8. Continuing Effect
Except as contemplated by this Assignment, the Servicing
Agreement
shall remain in full force and effect in accordance with its
terms.
9. Governing Law
This Assignment and the rights and obligations hereunder shall
be
governed by and construed in accordance with the internal laws of
the State of
New York.
10.
Counterparts
This Assignment may be executed in counterparts, each of which
when
so executed shall be deemed to be an original and all of which when
taken
together shall constitute one and the same instrument.
11. Definitions
Any capitalized term used but not defined in this Assignment has
the
same meaning as in the Servicing Agreement.
[SIGNATURE PAGE FOLLOWS]
10
<PAGE>
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.
<TABLE>
<CAPTION>
<S>
<C>
Purchaser
Trust
MORGAN STANLEY MORTGAGE LOAN TRUST 2006-6AR
MORGAN STANLEY MORTGAGE CAPITAL INC.
BY: LASALLE BANK NATIONAL ASSOCIATION, AS TRUSTEE
/s/ Valerie Kay
/s/ Christopher
Lewis
---------------------------------------
---------------------------------------
By:
Valerie Kay
By:
Christopher Lewis
-------------------------------------
-------------------------------------
Its: VP
Its: Assistant
VP
-------------------------------------
-------------------------------------
Taxpayer Identification
Number:
Servicer
GMAC MORTGAGE CORPORATION
/s/ Wesley B. Howland
---------------------------------------
By: Wesley
B. Howland
-------------------------------------
Its: VP
-------------------------------------
Taxpayer Identification
Number: 23-1694840
Acknowledged and Agreed:
WELLS FARGO BANK, NATIONAL ASSOCIATION, AS MASTER
MORGAN STANLEY CAPITAL I INC.
SERVICER
/s/ Valerie Kay
/s/ Patricia Russo
---------------------------------------
---------------------------------------
By:
Valerie Kay
By:
Patricia Russo
-------------------------------------
-------------------------------------
Its: VP
Its: VP
-------------------------------------
-------------------------------------
Taxpayer Identification
Number:
____________________
</TABLE>
11
<PAGE>
Schedule I
Specified Mortgage Loan Schedule
[see Schedule A to the Pooling and Servicing Agreement
on
file with the Servicer, the Master Servicer and the Depositor]
12
<PAGE>
EXECUTION COPY
Exhibit IIA: Standard File Layout - Delinquency Reporting
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
Column/Header Name
Description
Decimal
Format Comment
---------------------------------------------------------------------------------------------------------------------------
<S>
<C>
<C>
<C>
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.
---------------------------------------------------------------------------------------------------------------------------
CLIENT_NBR
Servicer Client Number
---------------------------------------------------------------------------------------------------------------------------
SERV_INVESTOR_NBR
Contains a unique number as assigned by an external
servicer to identify a group of loans in their system.
---------------------------------------------------------------------------------------------------------------------------
BORROWER_FIRST_NAME
First Name of the Borrower.
---------------------------------------------------------------------------------------------------------------------------
BORROWER_LAST_NAME
Last name of the borrower.
---------------------------------------------------------------------------------------------------------------------------
PROP_ADDRESS
Street Name and Number of Property
---------------------------------------------------------------------------------------------------------------------------
PROP_STATE
The state where the
property located.
---------------------------------------------------------------------------------------------------------------------------
PROP_ZIP
Zip code where the property is located.
---------------------------------------------------------------------------------------------------------------------------
BORR_NEXT_PAY_DUE_DATE The
date that the borrower's next payment is due to the
MM/DD/YYYY
servicer at the end of processing cycle, as reported by
Servicer.
---------------------------------------------------------------------------------------------------------------------------
LOAN_TYPE
Loan Type (i.e. FHA, VA, Conv)
---------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY_FILED_DATE
The date a particular bankruptcy claim was filed.
MM/DD/YYYY
---------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY_CHAPTER_CODE The
chapter under which the bankruptcy was filed.
---------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY_CASE_NBR
The case number assigned by the court to the bankruptcy
filing.
---------------------------------------------------------------------------------------------------------------------------
POST_PETITION_DUE_DATE The
payment due date once the bankruptcy has been approved
MM/DD/YYYY
by the courts
---------------------------------------------------------------------------------------------------------------------------
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.
---------------------------------------------------------------------------------------------------------------------------
LOSS_MIT_APPR_DATE
The Date The Loss Mitigation Was Approved By The Servicer
MM/DD/YYYY
---------------------------------------------------------------------------------------------------------------------------
LOSS_MIT_TYPE
The Type Of Loss Mitigation Approved For A Loan Such As;
---------------------------------------------------------------------------------------------------------------------------
LOSS_MIT_EST_COMP_DATE The
Date The Loss Mitigation /Plan Is Scheduled To End/Close
MM/DD/YYYY
---------------------------------------------------------------------------------------------------------------------------
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.
---------------------------------------------------------------------------------------------------------------------------
ATTORNEY_REFERRAL_DATE Date
File Was Referred To Attorney to Pursue Foreclosure
MM/DD/YYYY
---------------------------------------------------------------------------------------------------------------------------
FIRST_LEGAL_DATE
Notice of 1st legal filed by an Attorney in a Foreclosure
MM/DD/YYYY
Action
---------------------------------------------------------------------------------------------------------------------------
FRCLSR_SALE_EXPECTED_DATE The date by which a
foreclosure sale is expected to occur.
MM/DD/YYYY
-----------------------------------------------------------------------------------------------------
