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POOLING AND SERVICING AGREEMENT

Pooling and Servicing Agreement

POOLING AND SERVICING AGREEMENT | Document Parties: ACE SECURITIES CORP. | OCWEN LOAN SERVICING, LLC | WELLS FARGO BANK, NATIONAL ASSOCIATION | HSBC BANK USA, NATIONAL ASSOCIATION You are currently viewing:
This Pooling and Servicing Agreement involves

ACE SECURITIES CORP. | OCWEN LOAN SERVICING, LLC | WELLS FARGO BANK, NATIONAL ASSOCIATION | HSBC BANK USA, NATIONAL ASSOCIATION

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Title: POOLING AND SERVICING AGREEMENT
Governing Law: New York     Date: 3/23/2007

POOLING AND SERVICING AGREEMENT, Parties: ace securities corp. , ocwen loan servicing  llc , wells fargo bank  national association , hsbc bank usa  national association
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ACE SECURITIES CORP.

Depositor

 

OCWEN LOAN SERVICING, LLC

Servicer

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

Master Servicer and Securities Administrator

 

HSBC BANK USA, NATIONAL ASSOCIATION

Trustee

 

POOLING AND SERVICING AGREEMENT

Dated as of January 1, 2007

 

ACE Securities Corp. Home Equity Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

 




 

TABLE OF CONTENTS

 

ARTICLE I

DEFINITIONS

9

SECTION 1.01.

Defined Terms.

9

SECTION 1.02.

Allocation of Certain Interest Shortfalls.

85

 

 

 

ARTICLE II

CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES

87

SECTION 2.01.

Conveyance of the Mortgage Loans.

87

SECTION 2.02.

Acceptance of REMIC I by Trustee.

88

SECTION 2.03.

Repurchase or Substitution of Mortgage Loans.

88

SECTION 2.04.

Representations and Warranties of the Master Servicer.

91

SECTION 2.05.

Representations, Warranties and Covenants of the Servicer.

93

SECTION 2.06.

Issuance of the REMIC I Regular Interests and the Class R-I Interest.

95

SECTION 2.07.

Conveyance of the REMIC I Regular Interests; Acceptance of REMIC II and REMIC III by the Trustee.

95

SECTION 2.08.

Issuance of the Residual Certificates.

96

SECTION 2.09.

Establishment of the Trust.

96

SECTION 2.10.

Purpose and Powers of the Trust.

96

SECTION 2.11.

Representations and Warranties of the Trustee.

97

 

 

 

ARTICLE III

ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS; ACCOUNTS

98

SECTION 3.01.

The Servicer to Act as Servicer.

98

SECTION 3.02.

Sub-Servicing Agreements Between the Servicer and Sub-Servicers.

101

SECTION 3.03.

Successor Sub-Servicers.

102

SECTION 3.04.

No Contractual Relationship Between Sub-Servicer, Subcontractor, Trustee or the Certificateholders.

103

SECTION 3.05.

Assumption or Termination of Sub-Servicing Agreement by Successor Servicer.

103

SECTION 3.06.

Collection of Certain Mortgage Loan Payments.

103

SECTION 3.07.

Collection of Taxes, Assessments and Similar Items; Servicing Accounts.

104

SECTION 3.08.

Collection Account and Distribution Account.

105

SECTION 3.09.

Withdrawals from the Collection Account and Distribution Account.

107

SECTION 3.10.

Investment of Funds in the Investment Accounts.

110

SECTION 3.11.

Maintenance of Hazard Insurance, Errors and Omissions and Fidelity Coverage and Primary Mortgage Insurance.

111

SECTION 3.12.

Enforcement of Due-on-Sale Clauses; Assumption Agreements

114

SECTION 3.13.

Realization Upon Defaulted Mortgage Loans.

115

SECTION 3.14.

Trustee to Cooperate; Release of Mortgage Files.

117

SECTION 3.15.

Servicing Compensation.

118

SECTION 3.16.

Collection Account Statements.

118

SECTION 3.17.

Annual Statement as to Compliance.

119

 

i


 

SECTION 3.18.

Assessments of Compliance and Attestation Reports.

120

SECTION 3.19.

Annual Certification; Additional Information.

121

SECTION 3.20.

Access to Certain Documentation.

122

SECTION 3.21.

Title, Management and Disposition of REO Property.

123

SECTION 3.22.

Obligations of the Servicer in Respect of Prepayment Interest Shortfalls; Relief Act Interest Shortfalls.

126

SECTION 3.23.

Obligations of the Servicer in Respect of Mortgage Rates and Monthly Payments.

126

SECTION 3.24.

Reserve Fund.

127

SECTION 3.25.

Advance Facility.

129

SECTION 3.26.

Indemnification.

131

 

 

 

ARTICLE IV

ADMINISTRATION AND MASTER SERVICING OF THE MORTGAGE LOANS BY THE MASTER SERVICER

132

SECTION 4.01.

Master Servicer.

132

SECTION 4.02.

REMIC-Related Covenants.

133

SECTION 4.03.

Monitoring of Servicer.

133

SECTION 4.04.

Fidelity Bond.

134

SECTION 4.05.

Power to Act; Procedures.

134

SECTION 4.06.

Due-on-Sale Clauses; Assumption Agreements.

135

SECTION 4.07.

Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee.

135

SECTION 4.08.

Standard Hazard Insurance and Flood Insurance Policies.

136

SECTION 4.09.

Presentment of Claims and Collection of Proceeds.

136

SECTION 4.10.

Maintenance of Primary Mortgage Insurance Policies.

136

SECTION 4.11.

Trustee to Retain Possession of Certain Insurance Policies and Documents.

137

SECTION 4.12.

Realization Upon Defaulted Mortgage Loans.

137

SECTION 4.13.

Compensation for the Master Servicer.

137

SECTION 4.14.

REO Property.

138

SECTION 4.15.

Master Servicer Annual Statement of Compliance.

138

SECTION 4.16.

Master Servicer Assessments of Compliance.

139

SECTION 4.17.

Master Servicer Attestation Reports.

140

SECTION 4.18.

Annual Certification.

141

SECTION 4.19.

Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls.

142

SECTION 4.20.

Prepayment Penalty Verification.

142

 

 

 

ARTICLE V

PAYMENTS TO CERTIFICATEHOLDERS

144

SECTION 5.01.

Distributions.

144

SECTION 5.02.

Statements to Certificateholders.

157

SECTION 5.03.

Servicer Reports; P&I Advances.

161

SECTION 5.04.

Allocation of Realized Losses.

163

SECTION 5.05.

Compliance with Withholding Requirements.

166

SECTION 5.06.

Reports Filed with Securities and Exchange Commission.

166

SECTION 5.07.

Supplemental Interest Trust.

171

 

ii


 

SECTION 5.08.

Tax Treatment of Swap Payments and Swap Termination Payments.

174

SECTION 5.09.

Swap Collateral Account.

175

SECTION 5.10.

Cap Collateral Accounts.

176

 

 

 

ARTICLE VI

THE CERTIFICATES

178

SECTION 6.01.

The Certificates.

178

SECTION 6.02.

Registration of Transfer and Exchange of Certificates.

180

SECTION 6.03.

Mutilated, Destroyed, Lost or Stolen Certificates.

188

SECTION 6.04.

Persons Deemed Owners.

188

SECTION 6.05.

Certain Available Information.

189

 

 

 

ARTICLE VII

THE DEPOSITOR, THE SERVICER AND THE MASTER SERVICER

190

SECTION 7.01.

Liability of the Depositor, the Servicer and the Master Servicer.

190

SECTION 7.02.

Merger or Consolidation of the Depositor, the Servicer or the Master Servicer.

190

SECTION 7.03.

Limitation on Liability of the Depositor, the Servicer, the Master Servicer and Others.

190

SECTION 7.04.

Limitation on Resignation of the Servicer.

191

SECTION 7.05.

Limitation on Resignation of the Master Servicer.

193

SECTION 7.06.

Assignment of Master Servicing.

193

SECTION 7.07.

Rights of the Depositor in Respect of the Servicer and the Master Servicer.

194

SECTION 7.08.

Duties of the Credit Risk Manager.

195

SECTION 7.09.

Limitation Upon Liability of the Credit Risk Manager.

195

SECTION 7.10.

Removal of the Credit Risk Manager.

195

 

 

 

ARTICLE VIII

DEFAULT

196

SECTION 8.01.

Servicer Events of Default.

196

SECTION 8.02.

Master Servicer to Act; Appointment of Successor.

201

SECTION 8.03.

Notification to Certificateholders.

203

SECTION 8.04.

Waiver of Servicer Events of Default.

203

 

 

 

ARTICLE IX

CONCERNING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR

204

SECTION 9.01.

Duties of Trustee and Securities Administrator.

204

SECTION 9.02.

Certain Matters Affecting Trustee and Securities Administrator.

205

SECTION 9.03.

Trustee and Securities Administrator not Liable for Certificates or Mortgage Loans.

209

SECTION 9.04.

Trustee and Securities Administrator May Own Certificates.

209

SECTION 9.05.

Fees and Expenses of Trustee, Custodian and Securities Administrator.

209

SECTION 9.06.

Eligibility Requirements for Trustee and Securities Administrator.

210

SECTION 9.07.

Resignation and Removal of Trustee and Securities Administrator.

211

SECTION 9.08.

Successor Trustee or Securities Administrator.

212

SECTION 9.09.

Merger or Consolidation of Trustee or Securities Administrator.

213

SECTION 9.10.

Appointment of Co-Trustee or Separate Trustee.

213

 

iii


 

SECTION 9.11.

Appointment of Office or Agency.

214

SECTION 9.12.

Representations and Warranties.

214

 

 

 

ARTICLE X

TERMINATION

216

SECTION 10.01.

Termination Upon Repurchase or Liquidation of All Mortgage Loans.

216

SECTION 10.02.

Additional Termination Requirements.

219

 

 

 

ARTICLE XI

REMIC PROVISIONS

221

SECTION 11.01.

REMIC Administration.

221

SECTION 11.02.

Prohibited Transactions and Activities.

223

SECTION 11.03.

Indemnification.

224

 

 

 

ARTICLE XII

MISCELLANEOUS PROVISIONS

225

SECTION 12.01.

Amendment.

225

SECTION 12.02.

Recordation of Agreement; Counterparts.

226

SECTION 12.03.

Limitation on Rights of Certificateholders.

227

SECTION 12.04.

Governing Law.

227

SECTION 12.05.

Notices.

227

SECTION 12.06.

Severability of Provisions.

228

SECTION 12.07.

Notice to Rating Agencies.

228

SECTION 12.08.

Article and Section References.

229

SECTION 12.09.

Grant of Security Interest.

229

SECTION 12.10.

Survival of Indemnification.

230

SECTION 12.11.

Intention of the Parties and Interpretation.

230

SECTION 12.12.

Indemnification.

230

SECTION 12.13.

Swap Provider as a Third Party Beneficiary.

231

 

iv


 

 

Exhibit A-1

Form of Class A Certificate

Exhibit A-2

Form of Class M Certificate

Exhibit A-3

Form of Class CE Certificate

Exhibit A-4

Form of Class P Certificate

Exhibit A-5

Form of Class R Certificate

Exhibit B-1

Form of Transferor Representation Letter and Form of Transferee Representation Letter in Connection with Transfer of the Class P Certificates, Class CE Certificates and Residual Certificates Pursuant to Rule 144A Under the Securities Act

Exhibit B-2

Form of Transferor Representation Letter and Form of Transferee Representation Letter in Connection with Transfer of the Class P Certificates and Class CE Certificates to Regulation S Under the Securities Act

Exhibit B-3

Form of Transferor Representation Letter and Form of Transferee Representation Letter in Connection with Transfer of the Class P Certificates, Class CE Certificates and Residual Certificates Pursuant to Rule 501(a) Under the Securities Act

Exhibit B-4

Form of Transfer Affidavit and Agreement and Form of Transferor Affidavit in Connection with Transfer of Residual Certificates

Exhibit C

Form of Back-Up Certification

Exhibit D

Form of Power of Attorney

Exhibit E

Servicing Criteria

Exhibit F

Mortgage Loan Purchase Agreement

Exhibit G

Form 10-D, Form 8-K and Form 10-K Reporting Responsibility

Exhibit H

Additional Disclosure Notification

Exhibit I

Swap Agreement

Exhibit J

Cap Contracts

 

 

Schedule 1

Mortgage Loan Schedule

Schedule 2

Prepayment Charge Schedule

Schedule 3

Reserved

Schedule 4

Standard File Layout - Delinquency Reporting and Realized Losses and Gains

Schedule 5

Standard File Layout - Master Servicing

Schedule 6

Data Requirements of Servicing Advances Incurred Prior to Cut-off Date

 

v


 

This Pooling and Servicing Agreement, is dated and effective as of January 1, 2007, among ACE SECURITIES CORP., as Depositor, OCWEN LOAN SERVICING, LLC, as Servicer, WELLS FARGO BANK, NATIONAL ASSOCIATION, Master Servicer and Securities Administrator and HSBC BANK USA, NATIONAL ASSOCIATION, as Trustee.

 

PRELIMINARY STATEMENT:

 

The Depositor intends to sell pass-through certificates to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest of the Trust Fund created hereunder. The Trust Fund will consist of a segregated pool of assets comprised of the Mortgage Loans and certain other related assets subject to this Agreement.

 

REMIC I

 

As provided herein, the Securities Administrator will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund and, for the avoidance of doubt, the Supplemental Interest Trust, the Cap Contracts and the Swap Agreement) as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R-I Interest will be the sole class of “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated.

 

Designation

 

REMIC I

Remittance Rate

 

Initial

Uncertificated Balance

 

Latest Possible

Maturity Date (1)

 

I

 

  Variable (2)

 

$

57,386,278.64

 

  January 25, 2037

 

I-1-A

 

  Variable (2)

 

$

6,424,149.65

 

  January 25, 2037

 

I-1-B

 

  Variable (2)

 

$

6,424,149.65

 

  January 25, 2037

 

I-2-A

 

  Variable (2)

 

$

6,703,321.44

 

  January 25, 2037

 

I-2-B

 

  Variable (2)

 

$

6,703,321.44

 

  January 25, 2037

 

I-3-A

 

  Variable (2)

 

$

6,727,920.89

 

  January 25, 2037

 

I-3-B

 

  Variable (2)

 

$

6,727,920.89

 

  January 25, 2037

 

I-4-A

 

  Variable (2)

 

$

6,465,023.60

 

  January 25, 2037

 

I-4-B

 

  Variable (2)

 

$

6,465,023.60

 

  January 25, 2037

 

I-5-A

 

  Variable (2)

 

$

6,197,744.58

 

  January 25, 2037

 

I-5-B

 

  Variable (2)

 

$

6,197,744.58

 

  January 25, 2037

 

I-6-A

 

  Variable (2)

 

$

5,939,538.76

 

  January 25, 2037

 

I-6-B

 

  Variable (2)

 

$

5,939,538.76

 

  January 25, 2037

 

I-7-A

 

  Variable (2)

 

$

5,692,117.07

 

  January 25, 2037

 

I-7-B

 

  Variable (2)

 

$

5,692,117.07

 

  January 25, 2037

 

I-8-A

 

  Variable (2)

 

$

5,462,111.57

 

  January 25, 2037

 

I-8-B

 

  Variable (2)

 

$

5,462,111.57

 

  January 25, 2037

 

I-9-A

 

  Variable (2)

 

$

5,238,762.38

 

  January 25, 2037

 

I-9-B

 

  Variable (2)

 

$

5,238,762.38

 

  January 25, 2037

 

I-10-A

 

  Variable (2)

 

$

5,018,631.55

 

  January 25, 2037

 

 


 

Designation

 

REMIC I

Remittance Rate

 

Initial

Uncertificated Balance

 

Latest Possible

Maturity Date (1)

 

I-10-B

 

  Variable (2)

 

$

5,018,631.55

 

  January 25, 2037

 

I-11-A

 

  Variable (2)

 

$

4,928,869.93

 

  January 25, 2037

 

I-11-B

 

  Variable (2)

 

$

4,928,869.93

 

  January 25, 2037

 

I-12-A

 

  Variable (2)

 

$

4,981,835.83

 

  January 25, 2037

 

I-12-B

 

  Variable (2)

 

$

4,981,835.83

 

  January 25, 2037

 

I-13-A

 

  Variable (2)

 

$

6,142,018.36

 

  January 25, 2037

 

I-13-B

 

  Variable (2)

 

$

6,142,018.36

 

  January 25, 2037

 

I-14-A

 

  Variable (2)

 

$

9,579,347.23

 

  January 25, 2037

 

I-14-B

 

  Variable (2)

 

$

9,579,347.23

 

  January 25, 2037

 

I-15-A

 

  Variable (2)

 

$

13,469,684.58

 

  January 25, 2037

 

I-15-B

 

  Variable (2)

 

$

13,469,684.58

 

  January 25, 2037

 

I-16-A

 

  Variable (2)

 

$

11,160,401.57

 

  January 25, 2037

 

I-16-B

 

  Variable (2)

 

$

11,160,401.57

 

  January 25, 2037

 

I-17-A

 

  Variable (2)

 

$

8,677,220.49

 

  January 25, 2037

 

I-17-B

 

  Variable (2)

 

$

8,677,220.49

 

  January 25, 2037

 

I-18-A

 

  Variable (2)

 

$

5,500,031.80

 

  January 25, 2037

 

I-18-B

 

  Variable (2)

 

$

5,500,031.80

 

  January 25, 2037

 

I-19-A

 

  Variable (2)

 

$

2,383,308.67

 

  January 25, 2037

 

I-19-B

 

  Variable (2)

 

$

2,383,308.67

 

  January 25, 2037

 

I-20-A

 

  Variable (2)

 

$

2,222,201.64

 

  January 25, 2037

 

I-20-B

 

  Variable (2)

 

$

2,222,201.64

 

  January 25, 2037

 

I-21-A

 

  Variable (2)

 

$

2,108,238.73

 

  January 25, 2037

 

I-21-B

 

  Variable (2)

 

$

2,108,238.73

 

  January 25, 2037

 

I-22-A

 

  Variable (2)

 

$

2,011,159.05

 

  January 25, 2037

 

I-22-B

 

  Variable (2)

 

$

2,011,159.05

 

  January 25, 2037

 

I-23-A

 

  Variable (2)

 

$

1,918,710.08

 

  January 25, 2037

 

I-23-B

 

  Variable (2)

 

$

1,918,710.08

 

  January 25, 2037

 

I-24-A

 

  Variable (2)

 

$

1,830,564.73

 

  January 25, 2037

 

I-24-B

 

  Variable (2)

 

$

1,830,564.73

 

  January 25, 2037

 

I-25-A

 

  Variable (2)

 

$

1,746,506.19

 

  January 25, 2037

 

I-25-B

 

  Variable (2)

 

$

1,746,506.19

 

  January 25, 2037

 

I-26-A

 

  Variable (2)

 

$

1,666,306.73

 

  January 25, 2037

 

I-26-B

 

  Variable (2)

 

$

1,666,306.73

 

  January 25, 2037

 

I-27-A

 

  Variable (2)

 

$

1,589,823.61

 

  January 25, 2037

 

I-27-B

 

  Variable (2)

 

$

1,589,823.61

 

  January 25, 2037

 

I-28-A

 

  Variable (2)

 

$

1,516,919.24

 

  January 25, 2037

 

I-28-B

 

  Variable (2)

 

$

1,516,919.24

 

  January 25, 2037

 

I-29-A

 

  Variable (2)

 

$

1,447,476.00

 

  January 25, 2037

 

I-29-B

 

  Variable (2)

 

$

1,447,476.00

 

  January 25, 2037

 

I-30-A

 

  Variable (2)

 

$

1,381,255.42

 

  January 25, 2037

 

I-30-B

 

  Variable (2)

 

$

1,381,255.42

 

  January 25, 2037

 

I-31-A

 

  Variable (2)

 

$

1,318,108.54

 

  January 25, 2037

 

I-31-B

 

  Variable (2)

 

$

1,318,108.54

 

  January 25, 2037

 

I-32-A

 

  Variable (2)

 

$

1,257,890.90

 

  January 25, 2037

 

I-32-B

 

  Variable (2)

 

$

1,257,890.90

 

  January 25, 2037

 

I-33-A

 

  Variable (2)

 

$

1,200,463.21

 

  January 25, 2037

 

 

2


 

Designation

 

REMIC I

Remittance Rate

 

Initial

Uncertificated Balance

 

Latest Possible

Maturity Date (1)

 

I-33-B

 

  Variable (2)

 

$

1,200,463.21

 

  January 25, 2037

 

I-34-A

 

  Variable (2)

 

$

1,145,693.01

 

  January 25, 2037

 

I-34-B

 

  Variable (2)

 

$

1,145,693.01

 

  January 25, 2037

 

I-35-A

 

  Variable (2)

 

$

1,093,463.55

 

  January 25, 2037

 

I-35-B

 

  Variable (2)

 

$

1,093,463.55

 

  January 25, 2037

 

I-36-A

 

  Variable (2)

 

$

1,043,649.90

 

  January 25, 2037

 

I-36-B

 

  Variable (2)

 

$

1,043,649.90

 

  January 25, 2037

 

I-37-A

 

  Variable (2)

 

$

996,140.03

 

  January 25, 2037

 

I-37-B

 

  Variable (2)

 

$

996,140.03

 

  January 25, 2037

 

I-38-A

 

  Variable (2)

 

$

950,825.96

 

  January 25, 2037

 

I-38-B

 

  Variable (2)

 

$

950,825.96

 

  January 25, 2037

 

I-39-A

 

  Variable (2)

 

$

907,604.88

 

  January 25, 2037

 

I-54-B

 

  Variable (2)

 

$

907,604.88

 

  January 25, 2037

 

I-40-A

 

  Variable (2)

 

$

866,377.63

 

  January 25, 2037

 

I-40-B

 

  Variable (2)

 

$

866,377.63

 

  January 25, 2037

 

I-41-A

 

  Variable (2)

 

$

827,052.98

 

  January 25, 2037

 

I-41-B

 

  Variable (2)

 

$

827,052.98

 

  January 25, 2037

 

I-42-A

 

  Variable (2)

 

$

789,541.20

 

  January 25, 2037

 

I-42-B

 

  Variable (2)

 

$

789,541.20

 

  January 25, 2037

 

I-43-A

 

  Variable (2)

 

$

753,757.74

 

  January 25, 2037

 

I-43-B

 

  Variable (2)

 

$

753,757.74

 

  January 25, 2037

 

I-44-A

 

  Variable (2)

 

$

719,621.67

 

  January 25, 2037

 

I-44-B

 

  Variable (2)

 

$

719,621.67

 

  January 25, 2037

 

I-45-A

 

  Variable (2)

 

$

687,056.36

 

  January 25, 2037

 

I-45-B

 

  Variable (2)

 

$

687,056.36

 

  January 25, 2037

 

I-46-A

 

  Variable (2)

 

$

655,990.34

 

  January 25, 2037

 

I-46-B

 

  Variable (2)

 

$

655,990.34

 

  January 25, 2037

 

I-47-A

 

  Variable (2)

 

$

626,349.98

 

  January 25, 2037

 

I-47-B

 

  Variable (2)

 

$

626,349.98

 

  January 25, 2037

 

I-48-A

 

  Variable (2)

 

$

598,070.68

 

  January 25, 2037

 

I-48-B

 

  Variable (2)

 

$

598,070.68

 

  January 25, 2037

 

I-49-A

 

  Variable (2)

 

$

571,131.61

 

  January 25, 2037

 

I-49-B

 

  Variable (2)

 

$

571,131.61

 

  January 25, 2037

 

I-50-A

 

  Variable (2)

 

$

545,408.50

 

  January 25, 2037

 

I-50-B

 

  Variable (2)

 

$

545,408.50

 

  January 25, 2037

 

I-51-A

 

  Variable (2)

 

$

521,125.21

 

  January 25, 2037

 

I-51-B

 

  Variable (2)

 

$

521,125.21

 

  January 25, 2037

 

I-52-A

 

  Variable (2)

 

$

498,796.48

 

  January 25, 2037

 

I-52-B

 

  Variable (2)

 

$

498,796.48

 

  January 25, 2037

 

I-53-A

 

  Variable (2)

 

$

476,333.16

 

  January 25, 2037

 

I-53-B

 

  Variable (2)

 

$

476,333.16

 

  January 25, 2037

 

I-54-A

 

  Variable (2)

 

$

10,295,776.72

 

  January 25, 2037

 

I-54-B

 

  Variable (2)

 

$

10,295,776.72

 

  January 25, 2037

 

II

 

  Variable (2)

 

$

76,291,733.36

 

  January 25, 2037

 

II-1-A

 

  Variable (2)

 

$

8,540,534.85

 

  January 25, 2037

 

II-1-B

 

  Variable (2)

 

$

8,540,534.85

 

  January 25, 2037

 

 

3


 

Designation

 

REMIC I

Remittance Rate

 

Initial

Uncertificated Balance

 

Latest Possible

Maturity Date (1)

 

II-2-A

 

  Variable (2)

 

$

8,911,677.56

 

  January 25, 2037

 

II-2-B

 

  Variable (2)

 

$

8,911,677.56

 

  January 25, 2037

 

II-3-A

 

  Variable (2)

 

$

8,944,381.11

 

  January 25, 2037

 

II-3-B

 

  Variable (2)

 

$

8,944,381.11

 

  January 25, 2037

 

II-4-A

 

  Variable (2)

 

$

8,594,874.40

 

  January 25, 2037

 

II-4-B

 

  Variable (2)

 

$

8,594,874.40

 

  January 25, 2037

 

II-5-A

 

  Variable (2)

 

$

8,239,542.42

 

  January 25, 2037

 

II-5-B

 

  Variable (2)

 

$

8,239,542.42

 

  January 25, 2037

 

II-6-A

 

  Variable (2)

 

$

7,896,272.74

 

  January 25, 2037

 

II-6-B

 

  Variable (2)

 

$

7,896,272.74

 

  January 25, 2037

 

II-7-A

 

  Variable (2)

 

$

7,567,339.93

 

  January 25, 2037

 

II-7-B

 

  Variable (2)

 

$

7,567,339.93

 

  January 25, 2037

 

II-8-A

 

  Variable (2)

 

$

7,261,560.93

 

  January 25, 2037

 

II-8-B

 

  Variable (2)

 

$

7,261,560.93

 

  January 25, 2037

 

II-9-A

 

  Variable (2)

 

$

6,964,631.12

 

  January 25, 2037

 

II-9-B

 

  Variable (2)

 

$

6,964,631.12

 

  January 25, 2037

 

II-10-A

 

  Variable (2)

 

$

6,671,979.95

 

  January 25, 2037

 

II-10-B

 

  Variable (2)

 

$

6,671,979.95

 

  January 25, 2037

 

II-11-A

 

  Variable (2)

 

$

6,552,647.07

 

  January 25, 2037

 

II-11-B

 

  Variable (2)

 

$

6,552,647.07

 

  January 25, 2037

 

II-12-A

 

  Variable (2)

 

$

6,623,062.17

 

  January 25, 2037

 

II-12-B

 

  Variable (2)

 

$

6,623,062.17

 

  January 25, 2037

 

II-13-A

 

  Variable (2)

 

$

8,165,457.64

 

  January 25, 2037

 

II-13-B

 

  Variable (2)

 

$

8,165,457.64

 

  January 25, 2037

 

II-14-A

 

  Variable (2)

 

$

12,735,187.27

 

  January 25, 2037

 

II-14-B

 

  Variable (2)

 

$

12,735,187.27

 

  January 25, 2037

 

II-15-A

 

  Variable (2)

 

$

17,907,165.42

 

  January 25, 2037

 

II-15-B

 

  Variable (2)

 

$

17,907,165.42

 

  January 25, 2037

 

II-16-A

 

  Variable (2)

 

$

14,837,107.43

 

  January 25, 2037

 

II-16-B

 

  Variable (2)

 

$

14,837,107.43

 

  January 25, 2037

 

II-17-A

 

  Variable (2)

 

$

11,535,862.01

 

  January 25, 2037

 

II-17-B

 

  Variable (2)

 

$

11,535,862.01

 

  January 25, 2037

 

II-18-A

 

  Variable (2)

 

$

7,311,973.70

 

  January 25, 2037

 

II-18-B

 

  Variable (2)

 

$

7,311,973.70

 

  January 25, 2037

 

II-19-A

 

  Variable (2)

 

$

3,168,470.83

 

  January 25, 2037

 

II-19-B

 

  Variable (2)

 

$

3,168,470.83

 

  January 25, 2037

 

II-20-A

 

  Variable (2)

 

$

2,954,288.36

 

  January 25, 2037

 

II-20-B

 

  Variable (2)

 

$

2,954,288.36

 

  January 25, 2037

 

II-21-A

 

  Variable (2)

 

$

2,802,781.27

 

  January 25, 2037

 

II-21-B

 

  Variable (2)

 

$

2,802,781.27

 

  January 25, 2037

 

II-22-A

 

  Variable (2)

 

$

2,673,719.45

 

  January 25, 2037

 

II-22-B

 

  Variable (2)

 

$

2,673,719.45

 

  January 25, 2037

 

II-23-A

 

  Variable (2)

 

$

2,550,813.92

 

  January 25, 2037

 

II-23-B

 

  Variable (2)

 

$

2,550,813.92

 

  January 25, 2037

 

II-24-A

 

  Variable (2)

 

$

2,433,629.77

 

  January 25, 2037

 

II-24-B

 

  Variable (2)

 

$

2,433,629.77

 

  January 25, 2037

 

 

4


 

Designation

 

REMIC I

Remittance Rate

 

Initial

Uncertificated Balance

 

Latest Possible

Maturity Date (1)

 

II-25-A

 

  Variable (2)

 

$

2,321,878.81

 

  January 25, 2037

 

II-25-B

 

  Variable (2)

 

$

2,321,878.81

 

  January 25, 2037

 

II-26-A

 

  Variable (2)

 

$

2,215,258.27

 

  January 25, 2037

 

II-26-B

 

  Variable (2)

 

$

2,215,258.27

 

  January 25, 2037

 

II-27-A

 

  Variable (2)

 

$

2,113,578.39

 

  January 25, 2037

 

II-27-B

 

  Variable (2)

 

$

2,113,578.39

 

  January 25, 2037

 

II-28-A

 

  Variable (2)

 

$

2,016,656.26

 

  January 25, 2037

 

II-28-B

 

  Variable (2)

 

$

2,016,656.26

 

  January 25, 2037

 

II-29-A

 

  Variable (2)

 

$

1,924,335.50

 

  January 25, 2037

 

II-29-B

 

  Variable (2)

 

$

1,924,335.50

 

  January 25, 2037

 

II-30-A

 

  Variable (2)

 

$

1,836,299.08

 

  January 25, 2037

 

II-30-B

 

  Variable (2)

 

$

1,836,299.08

 

  January 25, 2037

 

II-31-A

 

  Variable (2)

 

$

1,752,348.96

 

  January 25, 2037

 

II-31-B

 

  Variable (2)

 

$

1,752,348.96

 

  January 25, 2037

 

II-32-A

 

  Variable (2)

 

$

1,672,293.10

 

  January 25, 2037

 

II-32-B

 

  Variable (2)

 

$

1,672,293.10

 

  January 25, 2037

 

II-33-A

 

  Variable (2)

 

$

1,595,946.29

 

  January 25, 2037

 

II-33-B

 

  Variable (2)

 

$

1,595,946.29

 

  January 25, 2037

 

II-34-A

 

  Variable (2)

 

$

1,523,132.49

 

  January 25, 2037

 

II-34-B

 

  Variable (2)

 

$

1,523,132.49

 

  January 25, 2037

 

II-35-A

 

  Variable (2)

 

$

1,453,696.45

 

  January 25, 2037

 

II-35-B

 

  Variable (2)

 

$

1,453,696.45

 

  January 25, 2037

 

II-36-A

 

  Variable (2)

 

$

1,387,472.10

 

  January 25, 2037

 

II-36-B

 

  Variable (2)

 

$

1,387,472.10

 

  January 25, 2037

 

II-37-A

 

  Variable (2)

 

$

1,324,310.47

 

  January 25, 2037

 

II-37-B

 

  Variable (2)

 

$

1,324,310.47

 

  January 25, 2037

 

II-38-A

 

  Variable (2)

 

$

1,264,068.04

 

  January 25, 2037

 

II-38-B

 

  Variable (2)

 

$

1,264,068.04

 

  January 25, 2037

 

II-39-A

 

  Variable (2)

 

$

1,206,608.12

 

  January 25, 2037

 

II-54-B

 

  Variable (2)

 

$

1,206,608.12

 

  January 25, 2037

 

II-40-A

 

  Variable (2)

 

$

1,151,798.87

 

  January 25, 2037

 

II-40-B

 

  Variable (2)

 

$

1,151,798.87

 

  January 25, 2037

 

II-41-A

 

  Variable (2)

 

$

1,099,519.02

 

  January 25, 2037

 

II-41-B

 

  Variable (2)

 

$

1,099,519.02

 

  January 25, 2037

 

II-42-A

 

  Variable (2)

 

$

1,049,649.30

 

  January 25, 2037

 

II-42-B

 

  Variable (2)

 

$

1,049,649.30

 

  January 25, 2037

 

II-43-A

 

  Variable (2)

 

$

1,002,077.26

 

  January 25, 2037

 

II-43-B

 

  Variable (2)

 

$

1,002,077.26

 

  January 25, 2037

 

II-44-A

 

  Variable (2)

 

$

956,695.33

 

  January 25, 2037

 

II-44-B

 

  Variable (2)

 

$

956,695.33

 

  January 25, 2037

 

II-45-A

 

  Variable (2)

 

$

913,401.64

 

  January 25, 2037

 

II-45-B

 

  Variable (2)

 

$

913,401.64

 

  January 25, 2037

 

II-46-A

 

  Variable (2)

 

$

872,101.16

 

  January 25, 2037

 

II-46-B

 

  Variable (2)

 

$

872,101.16

 

  January 25, 2037

 

II-47-A

 

  Variable (2)

 

$

832,696.02

 

  January 25, 2037

 

II-47-B

 

  Variable (2)

 

$

832,696.02

 

  January 25, 2037

 

 

5


 

Designation

 

REMIC I

Remittance Rate

 

Initial

Uncertificated Balance

 

Latest Possible

Maturity Date (1)

 

II-48-A

 

  Variable (2)

 

$

795,100.32

 

  January 25, 2037

 

II-48-B

 

  Variable (2)

 

$

795,100.32

 

  January 25, 2037

 

II-49-A

 

  Variable (2)

 

$

759,286.39

 

  January 25, 2037

 

II-49-B

 

  Variable (2)

 

$

759,286.39

 

  January 25, 2037

 

II-50-A

 

  Variable (2)

 

$

725,089.00