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EXHIBIT 99.11(f) EXECUTION COPY (GMAC TO ARVEST POST REG AB) OMNIBUS ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT THIS OMNIBUS ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT, (the "Assignment" or the "Agreement") dated as of August 1, 2006, among Morgan Stanley Mortgage Capital Inc. ("Owner")

Mortgage Agreement

EXHIBIT 99.11(f) EXECUTION COPY (GMAC TO ARVEST POST REG AB) OMNIBUS ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT THIS OMNIBUS ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT, (the You are currently viewing:
This Mortgage Agreement involves

Central Mortgage Company | LaSalle Bank National Association | Morgan Stanley Capital I Inc | MORGAN STANLEY MORTGAGE CAPITAL INC | WELLS FARGO BANK, NATIONAL ASSOCIATION

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Title: EXHIBIT 99.11(f) EXECUTION COPY (GMAC TO ARVEST POST REG AB) OMNIBUS ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT THIS OMNIBUS ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT, (the "Assignment" or the "Agreement") dated as of August 1, 2006, among Morgan Stanley Mortgage Capital Inc. ("Owner")
Governing Law: New York     Date: 1/24/2007

EXHIBIT 99.11(f) EXECUTION COPY (GMAC TO ARVEST POST REG AB) OMNIBUS ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT THIS OMNIBUS ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT, (the
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                                                              EXHIBIT 99.11(f)


                                                                EXECUTION COPY
                                                  (GMAC TO ARVEST POST REG AB)

           OMNIBUS ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT

            THIS OMNIBUS ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT,
(the "Assignment" or the "Agreement") dated as of August 1, 2006, among Morgan
Stanley Mortgage Capital Inc. ("Owner"), Central Mortgage Company, an Arkansas
corporation ("Servicer"), and LaSalle Bank National Association ("LaSalle"),
as trustee ("Trustee") of each of the Morgan Stanley Mortgage Loan Trusts
listed on Schedule 1 hereto (each, a "Trust" and together, the "Trusts") and
acknowledged by Wells Fargo Bank, National Association, as master servicer
under each of the Pooling and Servicing Agreement described below (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, on the respective transaction closing dates set forth on
Schedule 1 hereto, the Owner sold those certain mortgage loans in each Trust
identified on Schedule 2 attached hereto (the "Specified Mortgage Loans") to
the related Trust, each of which was formed pursuant to the related pooling
and servicing agreement described on Schedule 1 attached hereto (in each case,
the "Pooling and Servicing Agreement");

            WHEREAS, in connection with the sale of the Specified Mortgage
Loans to the Trust, the Owner retained the right to service the Specified
Mortgage Loans (the "Servicing Rights");

            WHEREAS, pursuant to that certain servicing agreement, dated as of
May 20, 2005 (the "Initial GMAC Flow Servicing Agreement"), by and between the
Owner and GMAC Mortgage Corporation ("GMAC"), as amended by the First Amended
and Restated Servicing Agreement, dated as of January 1, 2006 (the "Amended
Flow Servicing Agreement" and, together with the Initial GMAC Flow Servicing
Agreement, the "GMAC Flow Servicing Agreement") and as further modified by the
related Assignment, Assumption and Recognition Agreement identified on
Schedule 3 hereto, each dated as of the date of the Pooling and Servicing
Agreement, by and among the Owner, GMAC, and the Trustee, and acknowledged by
the Master Servicer and Securities Administrator and by the Depositor (each, a
"GMAC AAR" and, together with the GMAC Flow Servicing Agreement, for each
Trust, the related "GMAC Servicing Agreement" attached hereto as Exhibit I),
GMAC agreed to service the Specified Mortgage Loans on behalf of each Trust
pursuant to the terms of the related GMAC Servicing Agreement; and

            WHEREAS, the Owner has exercised its right to terminate GMAC as
servicer under each GMAC Servicing Agreement (and GMAC has acknowledged each
such termination in writing) and to sell to the Servicer, and the Servicer
purchased from the Owner the Servicing Rights and agrees to service the
Specified Mortgage Loans, subject to the terms hereof and the terms of the
GMAC Servicing Agreement, as modified by this Omnibus Assignment, Assumption
and Recognition Agreement and the Servicer agrees to service the Specified

                                       1

<PAGE>


Mortgage Loans in each Trust in accordance with the terms hereof and the
provisions of the GMAC Servicing Agreement;

            WHEREAS, pursuant to the related Pooling and Servicing Agreement,
the Owner has obtained written consent from each Rating Agency that the
transfer of servicing from GMAC to Servicer will not result in a ratings
downgrade on the securities issued by the related transaction identified on
Schedule 1 hereto.

            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.     Acknowledgement of Sale of Servicing Rights.

            The Servicer and the Owner hereby acknowledge that, pursuant to
the Servicing Rights Purchase and Sale Agreement, dated as of April 17, 2006,
between the Owner, as seller, and the Servicer, as purchaser (the "Purchase
Agreement"), the Owner, as owner of all of the Servicing Rights with respect
to the Specified Mortgage Loans sold such Servicing Rights to the Servicer.

            Pursuant to the Purchase Agreement, Servicer purchased the
Servicing Rights with respect to the Specified Mortgage Loans and hereby
agrees to assume the servicing of the Specified Mortgage Loans from GMAC and
to service them for the benefit of each Trust listed on Schedule 1 hereto in
accordance with the provisions of the GMAC Servicing Agreement.

            In connection with the transfer of the Servicing Rights, the
Servicer agrees that, from and after the applicable Servicing Transfer Date as
specified on Schedule 1 attached hereto (each, a "Servicing Transfer Date"),
each Specified Mortgage Loan will be subject to, and serviced by the Servicer
under, the GMAC Servicing Agreement.

            The Owner specifically reserves and does not assign to any Trust
listed on Schedule 1 hereunder those rights under the GMAC Servicing Agreement
that do not relate to the servicing of the Specified Mortgage Loans and any
and all right, title and interest in, to and under and any obligations of the
Owner with respect to any mortgage loans subject to the GMAC Servicing
Agreement which are not the Specified Mortgage Loans.

            2.     Representations and Warranties

                  (a)    The Servicer hereby warrants and represents to, and
                        covenants with, the Owner and the Trustee that, except
                        as modified pursuant to Section 3 of this Assignment,
                         each of the representations and warranties set forth
                        in Section 6.01 of the Original Servicing Agreement
                        are true and correct with respect to the Servicer as
                        of the date hereof.

                  (b)    Each of the parties hereto represents and warrants
                        that it is duly and legally authorized to enter into
                        this Agreement.


                                      2
<PAGE>


                  (c)    The Servicer hereby warrants and represents that it is
                        a FannieMae- or FHLMC-approved Person.

                  (d)    Each of the Owner and the Servicer represents and
                        warrants that this Agreement 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 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) and in the case of the Servicer,
                        laws affecting the contract obligations of insured
                        banks.

            3.     Future Covenants

            For the purpose of satisfying the reporting obligation under the
Exchange Act with respect to any class of asset-backed securities, the
Servicer shall (i) promptly provide the Depositor and the Securities
Administrator written notice substantially in the form of Exhibit III (A) any
material litigation or governmental proceedings pending against the Servicer,
(B) any Event of Default under the terms of this Agreement or any Servicing
Agreement and (C) any merger, consolidation or sale of substantially all of
the assets of the Servicer and (ii) provide to the Depositor and the
Securities Administrator a description of such proceedings, affiliations or
relationships.

            4.     Amendments to the GMAC Flow Servicing Agreement:

            The parties to this Agreement hereby agree to amend the GMAC Flow
Servicing Agreement as follows with respect to the Specified Mortgage Loans:

                  (a)    The definition of Eligible Account in Section 1 of the
                        GMAC Flow Servicing Agreement is hereby revised to add
                        the following:

                  "For purposes of this Agreement, an account maintained with
                  Arvest Bank shall be an Eligible Account."

                  (b)    Section 2.08(b) of the GMAC Flow Servicing Agreement
                        is hereby deleted in its entirety.

                  (c)    Section 21.02(a) of the GMAC Flow Servicing Agreement
                        is hereby replaced in its entirety with the following:

                         "(a) SUBMITS FOR ITSELF AND ITS PROPERTY IN ANY LEGAL
                  ACTION OR PROCEEDING RELATING TO THIS AGREEMENT, OR FOR
                  RECOGNITION AND ENFORCEMENT OF ANY JUDGMENT IN RESPECT
                  THEREOF, TO THE EXCLUSIVE GENERAL JURISDICTION OF THE COURTS
                  OF THE STATE OF DELAWARE, THE FEDERAL COURTS OF THE UNITED
                  STATES OF AMERICA FOR DELAWARE, AND APPELLATE COURTS FROM
                  ANY THEREOF;"


                                       3
<PAGE>


                  (d)    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, Master
                  Servicer and any Depositor a statement of compliance
                  addressed to the Owner, Master Servicer 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.

                  (e)    Schedule I to the GMAC Flow Servicing Agreement is
                        hereby replaced in its entirety with the Amended and
                        Restated Schedule I attached to this Assignment as
                        Exhibit II.

                  (f)    Written notice provided in compliance with Sections
                        31.03(d), (e) or (f) of the GMAC Flow Servicing
                        Agreement shall be substantially in the form of
                        Exhibit III to this Agreement.

                   (g)    Exhibit J to the GMAC Flow Servicing Agreement is
                        hereby replaced in its entirety with Exhibit IV
                        attached hereto.

            5.     Notices

            The Depositor's address for purposes for all notices and
correspondence related to the Mortgage Loans and this Agreement is:

                  Morgan Stanley Capital I Inc.
                  1585 Broadway
                  New York, New York 10036
                  Attention:   [Insert Series Designation]

            The Trustee's address for purposes for all notices and
correspondence related to the Mortgage Loans and this Agreement is:

                  LaSalle Bank National Association
                  135 South LaSalle Street, Suite 1625
                  Chicago, Illinois 60603
                  Attn: Global Securities and Trust Services-
                  [Insert Series Designation]


                                      4
<PAGE>


            The Owner's address for purposes for all notices and
correspondence related to the Mortgage Loans and this Agreement is:

                  Morgan Stanley Mortgage Capital Inc.
                  1221 Avenue of the Americas
                  New York, New York 10020
                  Attention: [Insert Series Designation]

                  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 Agreement is:

                  Central Mortgage Company
                  801 John Barrow Road - Suite 1
                  Little Rock, Arkansas 72205
                  Attention:   Lou Ann Howard, Servicing Manager

            6.     Certain Matters Regarding the Trustee

            It is expressly understood and agreed by the parties hereto that
(i) this Agreement is executed and delivered by LaSalle Bank National
Association, not individually or personally but solely on behalf of the
related Trusts, as the assignee, in the exercise of the powers and authority
conferred and vested in it, as Trustee, pursuant to the related Pooling and
Servicing Agreement, (ii) each of the representations, undertakings and
agreements herein made on the part of 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
related Trusts, (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, (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 any Trust under
this Agreement and (v) all recourse for any payment liability or other
obligation of the assignee shall be had solely to the assets of the affected
Trust.

            7.     Governing Law

            This Agreement shall be construed in accordance with the laws of
the State of New York, without regard to conflicts of law principles, and the
obligations, rights and remedies of the parties hereunder shall be determined
in accordance with such laws.

            8.     Modifications


                                      5
<PAGE>


            No term or provision of this Agreement may be waived or modified
unless such waiver or modification is in writing and signed by the party
against whom such waiver or modification is sought to be enforced.

            9.     Successor and Assigns

            This Agreement shall inure to the benefit of (i) the successors
and assigns of the parties hereto and (ii) the Trust (including the Trustee
and the Master Servicer acting on the Trust's behalf). Any entity into which
the Owner, the Depositor or the Servicer may be merged or consolidated shall,
without the requirement for any further writing, be deemed the Owner, the
Depositor or the Servicer, respectively, hereunder.

             10.    Continuing Effect

            Except as contemplated by this Assignment, the GMAC Servicing
Agreement shall remain in full force and effect with respect to the Servicer
in accordance with its terms.

            11.    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.

            12.    Definitions

            Any capitalized term used but not defined in this Assignment has
the same meaning as in the GMAC Servicing Agreement.

            13.    Conflicts

            In the event that any provision of this Agreement conflicts with
any provision of the GMAC Servicing Agreement with respect to the Specified
Mortgage Loans, the terms of this Agreement shall control.


                           [SIGNATURE PAGE FOLLOWS]


                                      6
<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>
Owner                                              THE TRUSTS
MORGAN STANLEY MORTGAGE CAPITAL INC.               BY:   LASALLE BANK NATIONAL ASSOCIATION, NOT IN ITS
                                                  INDIVIDUAL CAPACITY BUT SOLELY AS TRUSTEE OF EACH OF
                                                   THE TRUSTS SET FORTH ON SCHEDULE 1 HERETO



By: /s/ Van Cushny                                 By: /s/ Susan L. Feld
Its: VP                                            Its: AVP                     
Taxpayer Identification
Number:

Servicer
CENTRAL MORTGAGE COMPANY



By: /s/ William G. Roehrenbeck
Its: President and CEO
Taxpayer Identification
Number: 62-1684387

Acknowledged and Agreed:

MORGAN STANLEY CAPITAL I INC.                      WELLS FARGO BANK, NATIONAL ASSOCIATION, AS MASTER
                                                   SERVICER



By: /s/ Valerie Kay                                By: /s/ Diane Courtney
Its: VP                                            Its: Vice President
Taxpayer Identification
Number:
</TABLE>


                                       7
<PAGE>


                                  SCHEDULE 1

                                  THE TRUSTS

<TABLE>
<CAPTION>

----------------------------------------------------------------------------------------------------------------------------------
                 Servicing                                                                          Transaction Closing For Further
Transaction Name Transfer Date   Pooling and Servicing Agreement                    Cut-off Date      Date                  Credit To
----------------------------------------------------------------------------------------------------------------------------------
<S>               <C>             <C>                                                <C>               <C>                   <C>
Morgan Stanley    August 1, 2006 The Pooling and Servicing Agreement, dated as of   February 1, 2006 February 28, 2006    50896100,
Mortgage Loan                    February 1, 2006 by and among the Depositor, the                                         MSM 2006-
Trust 2006-3AR                   Master Servicer and Securities Administrator, and                                       3AR
                                the Trustee
----------------------------------------------------------------------------------------------------------------------------------
Morgan Stanley    August 1, 2006 The Pooling and Servicing Agreement, dated as of   April 1, 2006     April 28, 2006       50913800,
Mortgage Loan                    April 1, 2006 by and among the Depositor, the                                           MSM 2006-
Trust 2006-6AR                   Master Servicer and Securities Administrator, and                                       6AR
                                the Trustee
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>


                                      8
<PAGE>


                                  SCHEDULE 2

                           SPECIFIED MORTGAGE LOANS

              [delivered to Owner, Servicer and Master Servicer]


                                      9
<PAGE>


                                  SCHEDULE 3

               ASSIGNMENT ASSUMPTION AND RECOGNITION AGREEMENTS

<TABLE>
<CAPTION>

  ------------------------------------------------------------- ---------------------------------------------------------------
  <S>                                                            <C>
  Transaction Name                                               Assignment Agreement
  ------------------------------------------------------------- ---------------------------------------------------------------
  Morgan Stanley Mortgage Loan Trust 2006-3AR                    The Assignment Assumption and Recognition Agreement dated as
                                                                of February 1, 2006
  ------------------------------------------------------------- ---------------------------------------------------------------
  Morgan Stanley Mortgage Loan Trust 2006-6AR                    The Assignment Assumption and Recognition Agreement dated as
                                                                of April 1, 2006
  ------------------------------------------------------------- ---------------------------------------------------------------
</TABLE>


<PAGE>


                                   EXHIBIT I

                           GMAC Servicing Agreement

              [delivered to Owner, Servicer and Master Servicer]


                                       2
<PAGE>


                                  EXHIBIT II

          Exhibit IIA: Standard File Layout - Delinquency Reporting

<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                    Format
Column/Header Name                      Description                                                        Decimal      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
------------------------------------------------------------------------------------------------------------------------------------
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
                                                                                                                    ($)
------------------------------------------------------------------------------------------------------------------------------------
EVICTION_START_DATE                     The date the servicer initiates eviction of the borrower.                     MM/DD/YYYY
------------------------------------------------------------------------------------------------------------------------------------
EVICTION_COMPLETED_DATE                 The date the court revokes legal possession of the property                   MM/DD/YYYY
                                       from the borrower.
------------------------------------------------------------------------------------------------------------------------------------
LIST_PRICE                              The price at which an REO property is marketed.                      2         No commas(,)
                                                                                                                     or dollar signs
                                                                                                                    ($)
------------------------------------------------------------------------------------------------------------------------------------
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 Servicer.                 MM/DD/YYYY
------------------------------------------------------------------------------------------------------------------------------------
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.                               
------------------------------------------------------------------------------------------------------------------------------------


                                      3
<PAGE>


------------------------------------------------------------------------------------------------------------------------------------
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 brokers           2         
                                       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 Pool                   MM/DD/YYYY
                                       Insurer
-------------------------------------- -------------------------------------------------------------- ------------- ----------------
POOL_CLAIM_AMT_PAID                     Amount Paid On Claim By


 
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