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Securitized Loan Modification Summary - October 2008 Distribution
Deal Recap

Securitization

Loan
Count

UPB

New Loan Modifications (Loan Count)

60+ Day
DQ Loan
Count

60+ Day DQ
UPB

Redefault Statistics

Previously
Redefaulted
Modifications

New
Redefaul
ted
Modificat
ions

Total
Redefaulted
Modifications

Redefault
Rate

Total Loan
Modifications

All Outstanding Loan Modifications (Loan Count)

Rate Reduction +
Rate Reduction +
Amortization
Amortization
Rate Reduction +
Extention +
Rate Reduction +
Extention +
Rate Reduction
Amortization
Principal
Rate Reduction
Amortization
Principal
Only
Extention Only
Forbearance
Only
Extention Only
Forbearance

Impact of Modifications on Deal WAC, Amortization and Forbearance

Performing
Modifications

Performing
Modification %

WAC of Deal

WAC of Modified
Loans

Remaining
Amortization of
Deal

Estimated Economic Impact of Modified Loans

Total Amount of
Remaining
Principal
Model NPV Cost Model NPV Cost
Amortization of
Forbearance
of Loan
of Foreclosure
Modified Loans
Outstanding
Modification
Avoided

Model NPV
Investor
Benefit

Securitized Loan Modification Summary - October 2008 Distribution
Deal Recap

Securitization

Loan
Count

UPB

New Loan Modifications (Loan Count)

60+ Day
DQ Loan
Count

60+ Day DQ
UPB

All Outstanding Loan Modifications (Loan Count)

Rate Reduction +
Rate Reduction +
Amortization
Amortization
Rate Reduction +
Extention +
Rate Reduction +
Extention +
Rate Reduction
Amortization
Principal
Rate Reduction
Amortization
Principal
Only
Extention Only
Forbearance
Only
Extention Only
Forbearance

Securitized Loan Modification Summary - October 2008 Distribution
Deal Recap

Securitization

Loan
Count

UPB

New Loan Modifications (Loan Count)

60+ Day
DQ Loan
Count

60+ Day DQ
UPB

All Outstanding Loan Modifications (Loan Count)

Rate Reduction +
Rate Reduction +
Amortization
Amortization
Rate Reduction +
Extention +
Rate Reduction +
Extention +
Rate Reduction
Amortization
Principal
Rate Reduction
Amortization
Principal
Only
Extention Only
Forbearance
Only
Extention Only
Forbearance