_____________________________________
AMENDMENT NO. 2
Dated as of June 1, 2005
to
POOLING AND SERVICING
AGREEMENT
Dated as of November 1, 2003
among
CREDIT SUISSE FIRST BOSTON MORTGAGE
SECURITIES CORP.,
Depositor,
DLJ MORTGAGE CAPITAL,
INC.,
Seller,
CHASE HOME FINANCE LLC,
Servicer,
OCWEN FEDERAL BANK FSB,
Servicer
WELLS FARGO BANK, N.A.,
Master Servicer and Back-Up
Servicer
THE MURRAYHILL COMPANY,
Credit Risk Manager
and
U.S. BANK NATIONAL
ASSOCIATION,
Trustee
Home Equity Asset Trust 2003-7
HOME EQUITY PASS-THROUGH CERTIFICATES,
SERIES 2003-7
______________________________________
THIS AMENDMENT NO. 2, dated as of June 1,
2005 (the “Amendment”), to the Pooling and Servicing
Agreement (the “Pooling and Servicing Agreement”),
dated as of November 1, 2003, among CREDIT SUISSE FIRST BOSTON
MORTGAGE SECURITIES CORP., a Delaware corporation, as depositor
(the “Depositor”), DLJ MORTGAGE CAPITAL, INC., a
Delaware corporation, as seller (in such capacity, the
“Seller”), CHASE HOME FINANCE LLC (as successor in
interest to Chase Manhattan Mortgage Corporation), a New Jersey
corporation, as a servicer (in such capacity, a
“Servicer”), OCWEN FEDERAL BANK FSB, a federally
chartered savings bank, as a servicer (in such capacity, a
“Servicer”), WELLS FARGO BANK, N.A., a national banking
association, as master servicer (the “Master Servicer”)
and as back-up servicer (the “Back-Up Servicer”), THE
MURRAYHILL COMPANY, a Colorado corporation, as credit risk manager
(the “Credit Risk Manager”), and U.S. BANK NATIONAL
ASSOCIATION, a national banking association, as trustee (the
“Trustee”) and consented to by FINANCIAL SECURITY
ASSURANCE INC., a New York stock insurance company, as certificate
insurer (the “Certificate Insurer”), as amended by that
certain Amendment No. 1, dated as of September 13, 2004.
W I T N E S S
E T H
WHEREAS, the Seller, the Servicers, the
Depositor, the Credit Risk Manager, the Master Servicer, the
Back-Up Servicer and the Trustee entered into the Pooling and
Servicing Agreement;
WHEREAS, Section 10.01(a)(vi) of the
Pooling and Servicing Agreement permits amendments to the Pooling
and Servicing Agreement to modify, alter, amend, add to or rescind
any of the terms or provisions contained in the Pooling and
Servicing Agreement, provided that the Rating Agencies confirm that
the Amendment will not result in the downgrading or withdrawal of
the respective ratings then assigned to
