Exhibit1_1.pdf

Exhibit 1-1 Revised 10/01/2000

Ginnie Mae Single Family Reporting Instructions -

Requirements for Accounting Report Forms

Purpose of the SFAP -1 Report: This report is to identify all Ginnie Mae single family acquired properties (Real Estate Owned) presently managed by the subservicers. The subservicers should report a property on the single family acquired properties (SFAP) reports when Ginnie Mae acquires a property through either a (1) VA “No Bid”, (2) FHA’s denial to accept the property, or (3) when a whole loan (conventional loan) is foreclosed on. In situations (1) and (2), the subservicers should transfer the loan (property) from the Single Family Foreclosed Loans (SFFL-2) reports to the SFAP-2 and SFAP-1 reports. In situation (3), the subservicers should transfer the loan (property) from the Single Family Whole Loan (SFWL-2) reports to the SFAP- 2 and SFAP-1 reports. Transactions involving receipt or disbursement of funds should be reported in the month that the funds were actually wired to or from the subservicers.

Preparation Instructions:

1. Ginnie Mae Pool Number - enter the Ginnie Mae pool number assigned to the loan.

2. Subservicers Loan Number - enter the loan number of assigned by subservicers.

3. Loan Type - enter the loan type whether the loan is a VA, FHA or a RHS loan

4. State Location of Property - enter the state in which the property is located. Use the two letter state abbreviation, e.g. OK = Oklahoma, TX = Texas, etc.

5. Date of Acquisition - enter the date property became a Real Estate Owned property.

6. Purchase Price - enter the amount of principal and interest paid by Ginnie Mae to security holders to purchase the loan out of the Ginnie Mae MBS servicing pool. The purchase price should include all unreimbursed principal and interest payments made by Ginnie Mae to the security holders while the loan was delinquent.

7. Claim proceeds - enter the total amount of claim proceeds received from FHA, VA and

RHS during the reporting month. This amount should reflect all claim proceeds received, including claim proceeds received in prior months.

8. Date Funds Sent to Ginnie Mae - enter the date the claims proceeds were sent to Ginnie

Mae.

9. Sales Proceeds - enter the gross proceeds from the sale of the single family acquired property.

10. Date Funds Sent to Ginnie Mae - enter the date the sales proceeds were sent to Ginnie

Mae.

11. Adjustment - enter a correction to a prior month’s report to the purchase price, claim or sales proceeds so that they agree with funds actually received or wired. This amount should agree with the SFAP-2, line 6, column 1b.

12. Write-offs - enter the dollar amount necessary to reduce the property’s balance carry over to zero. Note: Properties should be removed from the SFAP 1 report after all claim or sale proceeds have been received. This amount should agree with the SFAP-2, line 7, column 1b.

13. Balance Carryover - enter the property’s net balance at the reporting month’s end. This amount is the purchase price less any sale proceeds or claim receipts. This amount should agree with the SFAP-2, line 8, column 1b.

Purpose of the SFAP-2 Report: This report summarizes all activity on Ginnie Mae’s acquired single family properties (real estate owned) by defaulted issuer.

Preparation Instructions:

Line 1 - Beginning Inventory - enter the number and dollar amount of single family properties owned by Ginnie Mae at the beginning of the reporting period. The number and dollar amount should agree with the prior month’s ending balance. Note: The government’s fiscal year end is September 30 and the beginning fiscal inventory balance should be as of October 1st. The cumulative to date column is the beginning at the time of the portfolio’s transfer to the subservicers.

Line 2 -Purchases - enter the number and amount of principal and interest paid by Ginnie Mae to the security holder to purchase the properties out of the Ginnie Mae MBS pool. The purchase price should include all unreimbursed principal and interest payments made by Ginnie Mae to the security holder while the loan was delinquent. This amount should equal the SFAP-3, line 6 and the SFPR-1 and/or 2 line 8. Update the fiscal year to date and cumulative columns to reflect the monthly purchases.

Line 3- Transfers from - enter the number and dollar amount of single family properties transferred in from the single family foreclosure reports (SFFL-2) or the single family whole loan (SFWL-2) reports. Update the fiscal year to date and cumulative columns to reflect monthly transfer in from the SFFL or SFWL reports.

Line 4 - Sales (Gross Proceeds) (-) enter the number and dollar amount of single family properties sold by the subservicers during the reporting month. This amount will equal the total of SFAP-4, column 9. Update the fiscal year to date and cumulative columns to reflect any proceeds received.

Line 5 - Claim Proceeds (-) enter the number and dollar amount of claims proceeds received for the single family properties by the subservicers during the reporting month. Record the loan reduction on the SFAP-1, column 7 for partial payments. If the claim payment is a final the amount goes on the SFAP-4, column 4. The sum of the SFAP-1 column 7 and the SFAP-4 column 4 should equal this month total, line 4 SFAP-2 column 1b. Update the fiscal year to date and cumulative columns to reflect any proceeds received.

Line 6 - Adjustments (+,-) enter the dollar amount of adjustments during the reporting month.

Update the fiscal year to date and cumulative columns to reflect any changes. Include details in the footnote.

Line 7 - Write-offs (-) enter the number and dollar amount of write-offs during the reporting month. Update the fiscal year to date and cumulative columns to reflect any changes. This amount should agree with write-offs reported on SFAP-4 column 10.

Line 8 - Ending Inventory - enter the number and dollar amount of single family acquired properties held at the end of the month. Update the fiscal year to date and cumulative columns to reflect any changes. The Ending Inventory should agree to the SFAP-1 column 13.

Purpose of the SFAP-3 Report: This report is used to collect detailed information, by defaulted issuer, on the purchase of single family acquired properties by Ginnie Mae out of the MBS servicing portfolio serviced by the subservicers. This should match the SFPR-1 and/or 2 line 8.

Preparation Instructions:

1. Ginnie Mae Pool Number - enter the Ginnie Mae pool number assigned to the loan.

2. Subservicers Loan Number - enter the loan number of mortgage assigned by subservicers and related Ginnie Mae pool number.

3. Number of Loans - number of properties purchase. This should agree with the SFAP-2, line 2, column 1a.

4. Payment to Security Holders - enter the amount of principal and interest passed through to security holders to purchase single family acquired properties out of the MBS pools.

Column 4a plus 4b should match the SFPR-1 and/or 2 line 8.

4a. Principal - enter the principal portion of pass-through payment to security holders to purchase the acquired property .

4b. Interest - enter the interest portion of pass-through payment to security holders to purchase the property.

5. Prior Advancements by Ginnie Mae - enter the amount of principal and interest payments to security holders made by Ginnie Mae on the delinquent loan prior to the purchase of the property by Ginnie Mae from the security holder pool.

5a. Prior Advancements by Ginnie Mae - Principal - enter the principal portion of payments to security holders made by Ginnie Mae on the delinquent loan prior to the purchase of the

5b. Prior Advancements by Ginnie Mae - Interest - enter the interest portion of payments to property by Ginnie Mae from the security holder pool.

6. Total Purchase Price - enter the calculated amount by summing the above items

(4a+4b+5a+5b). The total purchase price amount should the SFAP-2 line 2, Purpose of the SFAP-4 Report: This report is to collect detailed sales information, by defaulted issuer, on the sales of Ginnie Mae acquired properties (real estate owned) being managed by the subservicers.

Preparation Instructions:

1. Ginnie Mae Pool Number - enter the Ginnie Mae pool number assigned to the loan.

2. Subservicers Loan Number - enter the loan number assigned by subservicers.

3. Purchase Price - enter the amount of principal and interest paid by Ginnie Mae to the security holders to purchase the acquired property out of the Ginnie Mae MBS pool. The amount should also include all unreimbursed principal and interest payments made by Ginnie Mae to the security holders when the loan was in delinquency status. The purchase price should not include service fees.

4. Expenses Paid By GNMA - enter the dollar amount of expenses paid by Ginnie Mae, taxes and insurance from the Escrow Shortfalls Report, SFAP-7 and the SFPR-6 billing for the Extraordinary Expenses.

5. Claims Paid - All claims checks from FHA, VA and/or RHS must be deposited into the

Ginnie Mae claim check account and wire transferred to Ginnie Mae on the 3rd business day of the month following receipt on the SFPR-7 detail wire support form. The Master Subservicers is not to reimburse itself from the claim check proceeds, but should wire transfer these funds to Ginnie Mae and invoice Ginnie Mae for monies due to the subservicers.

5a. Principal & Interest Portion - enter the principal and interest amount of the claim proceeds received.

5b. Date Sent to Ginnie Mae - enter the date the principal and interest claim proceeds were wire transferred to Ginnie Mae.

5c. Taxes & Insurance Portion - enter the taxes and insurance portion of the claim proceeds received.

5d. Date Sent to Ginnie Mae - enter the date the principal and interest claim proceeds were wire transferred to Ginnie Mae.

6. Broker Price Opinion ( BPO ) - enter the BPO value of the REO property at the time of the sale.

7. Gross Sales Proceeds - enter the gross sales proceeds received on the sale of the single family REO. This amount should agree with SFAP-2, line 4.

8. Net Gain/(Loss) - Columns ( 3-5a-5c-7=8 ). The total of this column should equal SFAP-2, line 7.

Purpose of the SFAP-5 Report: This report is to provide summary information by defaulted issuer to Ginnie Mae on the activities related to the collection of escrow funds and the disbursement of those funds for the payment of taxes and insurance on Ginnie Mae Real Estate Owned Properties loans. The report will also reflect any reimbursement requests by the subservicers for escrow (number 3 below) or the repayment of escrow monies to Ginnie Mae (number 5 below) during the reporting month.

1. Escrow Beginning Balance: enter the amount of monies on deposit at the beginning of the reporting period to pay taxes and insurance due on Ginnie Mae REO loans. The beginning balance should agree to the prior month’s ending balance. Update the fiscal year to date and cumulative columns.

2. Transfer-In - enter the escrow balance transferred in from the Foreclosure and Whole

Loan account. Update the fiscal-year-to-date and cumulative columns to reflect the total of escrow amount.

3. Funding By Ginnie Mae - enter the funds provided by Ginnie Mae to make-up shortfall in the escrow accounts needed to pay taxes and insurance on Ginnie Mae REO’s. Update the fiscal year to date and cumulative columns.

4. Disbursements - enter the amount of escrow monies paid out during the reporting month for the payment of taxes and insurance. Update the fiscal year to date and cumulative columns.

5. Transfer-Out - enter the escrow balance amount transferred out of the REO account.

Once a loan is sold the remaining escrow balance is removed from the T&I account.

Update the fiscal year to date and cumulative columns to reflect the total of T&I funds removed.

6. Escrow Ending Balance - enter the amount of monies on deposit at the end of the reporting period for taxes and insurance due on Ginnie Mae REO loans. Update the fiscal year to date and cumulative columns.

Purpose of the SFAP-6 Report: This report is to request information on outstanding FHA, VA and RHS claims receivable due Ginnie Mae on a loan level detail. As a general rule, this report will reflect only the principal, interest, taxes and insurance portion of FHA/VA/RHS claims receivable outstanding on acquired properties (real estate owned) due to Ginnie Mae.

Preparation Instructions:

1. Ginnie Mae Pool Number - enter the Ginnie Mae pool number assigned to the loan.

2. Subservicers Loan Number - enter the loan number assigned by subservicers.

3. Claim Type - enter the claims field with either the Federal Housing Administration(FHA), the Veterans Administration (VA), or the Rural Housing Services (RHS) by type.

4. Date Filed - enter the date the claim was filed.

5. Total Debt - enter the dollar amount of claims filed to FHA, VA and RHS during the current month. This column must be filled in if there are any collections.

6. Claims Collected - enter the dollar amount of claims received during the reporting month.

6a. Principal & Interest Collections - enter the principal and interest amount of the claim collected.

6b. Date Principal and Interest Received - enter the date the principal and interest was received by the subservicers.

6c. Taxes and Insurance Collections - enter the taxes and insurance amount of the claims collected.

6d. Date Taxes and Insurance Received - enter the date the taxes and insurance was received by the subservicers.

6e. Other Funds Collections - enter the amount of supplemental claims collected.

6f. Date Other Funds Received - enter the date the supplemental claims were received by the subservicers.

7. Claim Write-offs and Adjustments - enter the write-offs and adjustments on Ginnie Mae, FHA, VA and RHS claims receivable during the reporting month. After all claims proceeds have been received for a given loan, the remaining receivable should be written off.

8. Ending Claims Receivable Balance - enter the outstanding claims receivable balance due to

Ginnie Mae at the end of the reporting month. The ending balance should reflect claims filed, claim receipts and write-offs during the reporting period.

Aging of Outstanding Claims

Complete the aging schedule of claims by recording the number and dollar amount of FHA, VA, and RHS claims outstanding in column 7, by the appropriate days outstanding category.

Purpose of the SFAP-7 Report: This report is to request cumulative information at a summary level from the SFAP-6 report on outstanding FHA and VA claims receivable due to Ginnie Mae.

Line 1 - Beginning Balance - record the beginning claims receivable balance. This amount should be the prior month’s ending receivable balance. Note: The government’s fiscal year end is September 30th and the beginning fiscal inventory balance should be as of October 1st.

This should equal the SFAP-6, column 4.

Line 2 - Claims Filed - enter the total claims filed during the reporting period. This amount should agree with SFAP-6, column 5. Update the fiscal year to date and cumulative amount columns for current month activity.

Line 3 - Claims Collected - enter the dollar amount of claim receipts during the reporting month.

This amount should equal claim receipts reported on SFAP-2, line 5 and the SFAP 6, column 6.

Update the fiscal year to date and cumulative amount columns for current month activity.

Line 4 - Claims Written Off - enter the dollar amount of claim write-offs during the reporting month. This amount should equal claim write-offs reported on SFAP 6, column 7. Update the fiscal year to date and cumulative amount columns for current month activity.

Line 5 - Claim Adjustments - enter the dollar amount of claim adjustment during the reporting month. Any adjustments should be noted in a footnote below.

Line 6 - Ending Balance - enter the dollar amount of claims due Ginnie Mae outstanding at the end of the reporting period. This amount should agree with the SFAP-6, column 8.

Purpose of the SFWL-1 Report: This report is to identify all Ginnie Mae single family whole loans (conventional) presently being serviced by the subservicers. A loan is a whole loan when

(1) the loan is not insured by FHA, VA and/ or RHS and then must be purchase out of the MBS pools on the SFPR-1or 2 line 7 or (2) a loan was in foreclosure on the SFFL-2 report and mortgagee started to make payments again, after the security holder was paid in full the loan would be transfer to SFWL. Any collections received during the reporting month should be wired to Ginnie Mae on the second business day of the month following receipt.

Preparation Instructions

1. Ginnie Mae Pool Number - enter the Ginnie Mae pool number assigned to the loan.

2. Subservicers Loan Number - enter the loan number assigned by subservicers.

3. Date Acquired - enter the date the property was transfer to whole or purchased out of the

MBS pool.

4. Ginnie Mae I or II - enter the loan’s portfolio type.

5. Loan Type - enter the FHA, VA, RHS, or Conv. (conventional)

6. State Location of Property - state in which property is located. Use the letter state abbreviation, e.g. OK = Oklahoma, TX = Texas, etc.

7. Interest Rate - enter the rate of interest charged borrower on the outstanding loan amount.

8. Remaining Term - enter the number of months remaining on loan term and in parenthesis enter the last payment date ( month/year ) made by the mortgagee.

9. Unpaid Principal Balance - enter the amount of principal balance remaining on the loan.

This amount should agree with SFWL-2, Section I, line 8 columns 2, 4, and 6 . Also, total number of loans should agree with line 8 columns 1, 3, and 5 of SFWL-2 report.

10. Current Accrued Interest - calculate 30 days of accrued interest on loans that are current or less than one month delinquent in this column. This amount should agree with Section II on the SFWL-2 item 9.

11. Delinquent Accrued Interest - enter the accrued interest on loans that are more than 60 days delinquent (two or more payments delinquent) in this column.

Purpose of the SFWL-2 Report: This report is to identify all Ginnie Mae acquired single family whole loans (conventional) by defaulted issuer. A loan is a whole loan when (1) the loan is not insured by FHA, VA and / or RHS and must be purchase out of the MBS pools on the SFPR-1 or 2, line 7 or (2) a loan was in foreclosure on the SFFL-2 report and the mortgagee started to make payments again, after the security holder was paid in full, then the loan would be transfer to the SFWL-2. Any collection received during the month should be wired to Ginnie Mae on the second business day of the month following receipt.

Preparation Instructions:

SECTION I -

Line 1 - Beginning Inventory - enter the number and dollar amount of single family whole loans held by Ginnie Mae at the beginning of the reporting period. The number and dollar amount should agree with the prior month’s ending balance. Note: The government’s fiscal year end is September 30 and the beginning fiscal inventory balance should be as of October 1st. The cumulative to date column is the beginning balance at the time the portfolio’s transfer to the subservicers.

Line 2 - Purchases (+) - enter the number and dollar amount of single family conventional loans purchased from a Ginnie Mae MBS pools because these loans not insured by FHA, VA and or RHS .This should agree with the SFPR-1 and/or 2 line 7, and the SFWL-3, column 7. Update the fiscal year to date and cumulative columns to reflect monthly transfers from the SFFL reports.

Line 3 - Transfer In/Out - enter the number and dollar amount of whole loan being transfer into the SFWL-2 from the SFFL-2 for where the mortgagee loan was in foreclosure and the mortgagee started making payments again after the security holder has been paid in full by Ginnie Mae. A loan is transfer-out for two reasons (1) when a FHA, VA and/or RHS mortgagee defaults on their loan, and Ginnie Mae acquires title of the property, then the loan can be transfer out of whole loans (SFWL-2) to REO’s (SFAP-2) and (2) a conventional loan is foreclosure on and then transfer-out to REO’s on the SFAP-2. Update the fiscal year to date and cumulative columns to reflect monthly transfers from the SFFL reports.

Line 4 - Sales (Gross Proceeds) (-) - enter the number and dollar amount of single family conventional loans sales sold during the reporting month by Ginnie Mae. This amount will equal the SFWL-4, Column 4. Update the fiscal year to date and cumulative columns to reflect any proceeds received.

Line 5 - Principal Repayments (-) enter the number and dollar amount of single family whole loans principal repayments during the reporting month. The mortgagee payment will lower the unpaid principal balance on the SFWL-1, column 8. These collections should be wire transferred to Ginnie Mae on the second day of the month following receipt. Update the fiscal year to date and cumulative columns to reflect any principal repayments received.

Line 6 - Paid in Full (-) - enter the dollar amount of principal repayments collected on single family whole loans paid in full during the reporting month. These loans are paid in full by the mortgagee due to paying off their loans balance. These collections should be wire transferred to Ginnie Mae by the second business day of the month following receipt. Update the fiscal year to date and cumulative columns to reflect any changes.

Line 7 - Write-offs (-) enter the number and dollar amount of single family conventional loans write-offs from Ginnie Mae’s sale of the loans and/or servicing rights during the reporting month. This should agree with the SFWL-4, column 6. Update the fiscal year to date and cumulative columns to reflect any changes.

Line 8 - Ending Inventory - enter the number and dollar amount of single family whole loans at the end of the month. This amount should agree with the SFWL-1, line 8. Update the fiscal year to date and cumulative columns to reflect any changes.

SECTION II - BREAKOUT OF COLLECTIONS RECEIVED

1. Principal Payments - enter the total payments applied to reduce the unpaid principal balance of the loan (Principal Repayments and Paid-in-Full).

2. Interest Payments - enter the interest collected on Ginnie Mae whole loans.

3. Escrow Payments - enter the monies collected and held on deposit to pay taxes, insurance, etc. This amount should agree with the SFWL-5, line 2.

4. Delinquent Interest - enter the collection of interest on delinquent loans.

5. Penalty Charge Payment - enter the collection of penalty fee charged on the delinquent loans.

6. Total Collections - enter the total collections on whole loans during the reporting month.

Accrued Interest on Whole Loans

7. Beginning Accrued Interest - enter the balance of accrued interest on whole loans at the beginning of the reporting month. This amount should agree with the prior month’s ending balance.

8. Interest Collected - enter the collection of accrued interest on whole loans during the reporting month.

9. Interest Accrued for This Reporting Period - enter the interest earned on whole loans during the reporting period.

10. Interest Prepaid for This Reporting Period - enter the interest prepaid on whole loans during the reporting period.

11. Interest transferred In - enter the interest accrued and earned when the loan was purchased from the Ginnie Mae defaulted issuer pool.

12. Interest Transferred Out - enter the accrued interest that was lost during the loan’s sale or foreclosure.

13. Ending Accrued Interest - enter the ending accrued interest for Ginnie Mae whole loans.

Purpose of the SFWL-3 Report: This report is used to collect detailed information, by defaulted issuer, on loans purchased by Ginnie Mae on the SFPR-1 and /or 2 on line 7, out of the MBS pools due to the whole loan (conventional) are not insured by FHA, VA and/or RHS .

Preparation Instructions:

1. Ginnie Mae Pool Number - enter the Ginnie Mae pool number assigned to the loan.

2. Subservicers Loan Number - enter the loan number assigned by subservicers.

3. GNMA I or II - enter the loan’s portfolio’s type, GNMA I or GNMA II.

4. Loan Type - enter the loan’s type, FHA, VA, RHS, or CONV (conventional).

5. Payment to Security Holders - enter the amount of principal and interest passed through to the security holder to purchase single family conventional loan out of Ginnie Mae’s defaulted issuer portfolio. Line 5a & 5b should agree with the SFPR-1 and/ or 2 line 7.

5a. Principal - enter the principal portion of pass-through payment to security holders to purchase the conventional loan out of the pool.

5b. Interest - enter the interest portion of pass-through payment to security holders to purchase the conventional loan out of the pool .

6. Prior Advancements by Ginnie Mae - enter the amount of principal and interest payments to conventional loan by Ginnie Mae from the security holder pool.

6a. Prior Advancements by Ginnie Mae - Principal - enter the principal portion of payments to

6b. Prior Advancements by Ginnie Mae - Interest - enter the interest portion of payments to

7. Total Purchase Price - enter the calculated amount by summing the above items

(5a+5b+6a+6b).

Purpose of the SFWL-4 Report: This report is to collect detailed sales information, by defaulted issuer, on the sales of Ginnie Mae whole loans being managed by the subservicers.

Note: This report should only include sales of loans, not real estate owned properties (REO).

Sales of REO properties should be reported on the Single Family Acquired Properties Detailed Sales Report, SFAP 4.

Preparation Instructions:

1. Ginnie Mae Pool Number - enter the Ginnie Mae pool number assigned to the loan.

2. Subservicers Loan Number - enter the loan number assigned by subservicers.

3. Purchase Price - enter the amount of principal and interest paid by Ginnie Mae to the security holders to purchase the acquired property out of the Ginnie Mae MBS servicing pool. The amount should also include all unreimbursed principal and interest payments made by Ginnie Mae to the security holders when the loan was in delinquency status. The purchase price should not include service fees.

4. Expenses Paid By GNMA - enter the dollar amount of expenses paid by Ginnie Mae, for taxes and insurance from the Escrow Shortfalls Report, SFWL-7 and the SFPR-6, billing for the Extraordinary Expenses.

5. Gross Sales Proceeds - enter the gross amount of monies received by Ginnie Mae on the sale of the loans. This amount should agree with the SFWL-2 line 4, Section I.

6. Broker Purchase Opinion - enter the BPO value of loan at the time of the sale.

7. Net Gain/(Loss) - subtract the sales proceeds from the purchase price and calculate Ginnie Mae’s gain or loss. This amount should agree with the SFWL-2 line 7.

Purpose of the SFWL-5 Report: This report is to provide summary information to Ginnie Mae on the activities related to the collection of escrow funds and the disbursement of those funds for the payment of taxes and insurance on Ginnie Mae single family whole loans during the reporting month.

1. Escrow Beginning Balance - enter the amount of monies on deposit at the beginning of the reporting period to pay taxes and insurance due on Ginnie Mae whole loans. The beginning balance should agree to the prior month’s ending balance.

2. Collections - enter the amount of escrow monies collected during the reporting month for the payment of taxes and insurance. The amount reported as collected should not be netted against repayments of Ginnie Mae escrow advances or netted against current month disbursements. Collections reported on the SFWL 5 should agree with escrow collections reported on the SFWL-2, Section II, line 3.

3. Transfer-In - enter the escrow balance transferred in from the Foreclosure loan account.

Update the fiscal-year-to-date and cumulative columns to reflect the total of escrow amount.

4. Funding By Ginnie Mae - enter the funds provided by GNMA to make-up short-falls in the escrow accounts needed to pay taxes and insurance on Ginnie Mae Whole Loans.

5. Disbursements - enter the amount of escrow monies paid out during the reporting month for the payment of taxes and insurance.

6. Transfer-Out - enter the escrow balance for loans being transferred to REO/Foreclosure accounts. Update the fiscal year to date and cumulative columns to reflect the total of T&I funds removed.

7. Repayments to Ginnie Mae - enter the repayments of funds to Ginnie Mae for prior funding of shortfalls in escrow accounts needed to pay for taxes and insurance on Ginnie Mae whole loans.

8. Escrow Ending Balance - enter the amount of monies on deposit at the end of the reporting period for taxes and insurance due on Ginnie Mae whole loans.

Purpose of the SFWL-6 Report: This report is to collect delinquency and foreclosure information on Ginnie Mae’s whole loans serviced by the subservicers. Ginnie Mae uses this report to calculate a loss reserve for financial statement purposes. For loans over 180 days delinquent and not in foreclosure, the subservicers should note the circumstances preventing foreclosure in a footnote. For loans over 1 year delinquent, the subservicers should note the loan’s status (bankruptcy, foreclosure) and the anticipated date of sale in a footnote.

1. All Loans - applicable to all Ginnie Mae single family whole loans serviced by the

1a. Number of Loans - enter the total number of single family whole loans serviced by the

1b. UPB - enter the total unpaid principal balance of all single family whole loans serviced by the subservicers.

2. Days/Years Delinquent - enter the number of days/years loans(s) is/are delinquent

3. Delinquent Loans - enter all loans delinquent per terms of the loan contract including loans in foreclosure status.

3a. Number of Loans Delinquent - enter the number of single family whole loans delinquent.

3b. Unpaid Interest - enter the cumulative amount of interest that is delinquent.

3c. Unpaid Principal - enter the cumulative amount of principal that is delinquent.

3d. Delinquent Installments - enter the cumulative amount of delinquent unpaid interest and principal.

3e. Delinquent UPB - enter the total unpaid principal balance of single family whole loans delinquent.

4. Number of Loans in Foreclosure - enter the total number of single family whole loans in foreclosure.

5. Dollar Amount of Foreclosed Loans - enter the total dollar amount of single family whole loans in foreclosure.

Purpose of the SFFL-1 Report: This report is to identify all Ginnie Mae single family foreclosed loans presently being serviced by the subservicers. Foreclosed loans ( F/C ) are purchase out of the MBS pools on the SFPR-1 and/or 2 line 6. A loan will remains in F/C until

(1) FHA and or VA paid claim proceeds, (2) FHA and/or VA does not accept the loan, then Ginnie Mae owns the property, (3) whole loan (conventional) a loan that was place in the MBS pools in error, (4) a loan was paid in full to the security holder by Ginnie Mae and then the mortgagee starts to make mortgage payments again.

Preparation Instructions:

1. Ginnie Mae Pool Number - enter the Ginnie Mae pool number assigned to the loan.

2. Subservicers Loan Number - enter the loan number assigned by the subservicers.

3. Type of Loan - enter whether FHA, VA, RHS or (Con) conventional

4. Date Acquired - enter the date the property was purchase out of the MBS pool.

5. State Location of Property - enter the state which the property is located. Use the two letter state abbreviation, e.g. OK = Oklahoma, TX = Texas, etc.

6. Interest Rate - enter the rate of interest charged to the borrower on the outstanding loan amount.

7. Remaining Term - enter the number of months remaining on the loan term and in parenthesis enter the last payment date ( month/year) made by the mortgagee.

8. Purchase Price - enter the amount of principal and interest paid by Ginnie Mae to security holders to purchase the loan out of the Ginnie Mae MBS pool. The purchase price should include all unreimbursed principal and interest payments made by Ginnie Mae to the security holders while the loan was delinquent.

9. Claims Proceeds - enter the total amount of claims received from FHA and VA during the reporting month. This amount should reflect all claims proceeds received, including claim proceeds received in prior months.

10. Loan Balance - This is the total of column 7 ( purchase price ) minus column 8 ( claims) This should match SFFL-2 line 7 ending inventory.

Purpose of the SFFL-2 Report: This report summarizes all activity on Ginnie Mae’s acquired single family foreclosed loans by defaulted issuer. This report should be updated for all purchases, transfers, and conveyances of single family foreclosed loans during the reporting month.

Preparation Instructions:

Line 1 - Beginning Inventory - enter the number and dollar amount of single family foreclosed loans at the beginning of the reporting period. The number and dollar amount should agree with the prior month’s ending balance. Note: The government’s fiscal year end is September 30 and the beginning fiscal inventory balance should be as of October 1st. The cumulative to date column is the beginning balance at the time of the portfolio’s transfer to the subservicers.

Line 2 - Purchases (+) - enter the number and dollar amount of single family foreclosed loans purchased during the reporting month. This amount should agree with the SFPR-1 and/or 2 line 6 and the SFFL-3, column 7. Update the fiscal year to date and cumulative to date columns to reflect monthly purchases.

Line 3 - Transfers (to Acquired Properties or Whole Loans) (-) enter the number and dollar amount of single family foreclosed loans transferred to the Single Family Acquired Properties (SFAP-2 line 3 transfers) reports or the Single Family Whole Loan (SFWL-2 line 3 transfers) reports. When FHA and/or VA denies conveyance of a loan it is then transfer-in to REO’s on the SFAP-2, line 3 column 1b. If a mortgagee start making payments after the security holder has been paid in full, by Ginnie Mae, the loan is then transfer-in to whole loans on SFWL-2, line 3 column 1b. Update the fiscal year to date and cumulative to date columns to reflect monthly transfers.

Line 4 - Claim Proceeds (-) enter the number and dollar amount of single family foreclosed loans claim proceeds paid during the reporting month. Record loan reduction on the (SFFL-1 column 8 for partial claim payments). If claim payment is final the amount goes on the (SFFL-4 column 4). The sum of SFFL-1 column 8 and the SFFL-4 column 5 should equal this month total, column 1b. This amount should also equal the SFPR-7 detail wire support form to Ginnie Mae.

The claim proceeds received should agree to total Claims Collected on the SFFL-5 column 6.

Update the fiscal year to date and cumulative to date columns to reflect any proceeds received.

Line 5 - Adjustments (+,-) enter the dollar amount of adjustments during the reporting month.

Update the fiscal year to date and cumulative to date columns to reflect any changes. Include details of the adjustment in a footnote on the bottom of the report.

Line 6 - Gains/(Losses) (-) enter the number and dollar amount of gains/(losses) during the reporting month for the loans that were convey to FHA and/or VA. Update the fiscal year to date and cumulative to date columns to reflect any changes. The gains/(losses) reported on SFFL-2 should agree with gains/(losses) reported on the SFFL-4 column 6.

Line 7 - Ending Inventory - enter the number and dollar amount of single family foreclosed loans held at the end of the month. Update the fiscal year to date and cumulative to date columns to reflect any changes. Note: The Ending Inventory should agree to the SFFL-1 column 9.

Purpose of the SFFL-3 Report: This report is used to collect detailed information, by defaulted issuer, on loans purchased from Ginnie Mae’s MBS servicing portfolio. Ginnie Mae utilizes this report as supporting documentation for the Single Family Principal Advance (SFPR) request for foreclosed loans.

Preparation Instructions:

1. Ginnie Mae Pool Number - enter the Ginnie Mae pool number assigned to the loan.

2. Subservicers Loan Number - enter the loan number assigned by subservicers.

3. GNMA I or II - enter the loan’s portfolio type, GNMA I or GNMA II.

4. Loan Type - enter the loan’s type FHA, VA, RHS, or CONV (conventional).

5. Payment to Security Holders - enter the amount of principal and interest passed through to security holders to purchase single family foreclosed loans out of the pool. Column 5a & 5b should equal the SFPR-1, line 6 and/or SFPR-2, line 6.

5a. Principal - enter the principal portion of pass-through payment to security holders to purchase the single family foreclosed loans.

5b. Interest - enter the interest portion of pass-through payment to security holders to purchase the single family foreclosed loans.

6. Prior Advancements by Ginnie Mae - enter the amount of principal and interest payments to

6a. Prior Advancements by Ginnie Mae - Principal - enter the principal portion of payments to

6b. Prior Advancements by Ginnie Mae - Interest - enter the interest portion of payments to

7. Total Purchase Price - enter the calculated amount by summing the above items

(5a+5b+6a+6b). The total purchase price amount should equal the line 2 - Purchases on the SFFL-2 line 2, column 1b.

Purpose of the SFFL-4 Report: This report is to collect the detail conveyance of foreclosed loans to FHA and /or VA , by defaulted issuer.

Preparation Instructions:

1. Ginnie Mae Pool Number - enter the Ginnie Mae pool number assigned to the loan.

2. Subservicers Loan Number - enter the loan number assigned by subservicers.

3. Purchase Price - enter the amount of principal and interest paid by Ginnie Mae to the security holders to purchase the property out of the Ginnie Mae MBS pool. The amount should also include all unreimbursed principal and interest payments made by Ginnie Mae to the security holders when the loan was in delinquency status. The purchase price should not include service fees.

4. Expenses Paid By GNMA - enter any expenses paid by Ginnie Mae, taxes, insurance, and foreclosure costs.

5. Claims Paid - enter the gross amount of monies received by Ginnie Mae on the conveyance of the foreclosed loan. All claims checks from FHA or VA must be deposited into the Ginnie Mae claim check account and wire transferred to Ginnie Mae on the 3rd business day of the month following receipt on the SFPR-7 detail wire support form. The Master Subservicers is not to reimburse itself from the claim check proceeds, but should wire transfer these funds to Ginnie Mae and invoice Ginnie Mae for monies due to the subservicers. In accordance with the Master Subservicing Agreement, Ginnie Mae will be responsible for advances of principal and interest to the security holders. Except as otherwise provided in the contract, all additional expenses, costs and fees, including foreclosure expenses, legal fees, recording fees and curtailments not covered or reimbursed by FHA, or VA claims proceeds, will be absorbed by the Master Subservicing.

5a. Principal & Interest Portion - enter the principal and interest amount of the claim proceeds received.

5b. Date Sent to Ginnie Mae - enter the date the principal and interest claim proceeds were wire transferred to Ginnie Mae.

5c. Taxes & Insurance Portion - enter the taxes and insurance portion of the claim proceeds received.

5d. Date Sent to Ginnie Mae - enter the date the taxes and insurance portion of the claim proceeds were wire transferred to Ginnie Mae.

6. Gross Claims Proceeds - enter the gross claims proceeds received on the Conveyance of the single family foreclosed loan (columns 4a + 4c). The total should equal SFFL-2 line 4,

7. Net Gain/(Loss) - subtract the claim proceeds from the purchase price and calculate Ginnie

Mae’s gain or loss. The total should equal SFFL-2 line 6, column 1b.

Purpose of the SFFL-5 Report: This report is to provide summary information by defaulted issuer to Ginnie Mae on the activities related to the collection of escrow funds and the disbursement of those funds for the payment of taxes and insurance on Ginnie Mae Foreclosed Loans.

Preparation Instructions:

1. Escrow Beginning Balance: enter the amount of monies on deposit at the beginning of the reporting period to pay taxes and insurance due on Ginnie Mae Foreclosed loans. The beginning balance should agree to the prior month’s ending balance.

2. Collection - enter the amount of escrow monies collected during the reporting month for the payment of taxes and insurance. The amount reported as collected should not be netted against repayments of Ginnie Mae escrow advances or netted against current month disbursements.

3. Transfer-In - enter the escrow balance transferred into the Foreclosure loan account. Update the fiscal-year-to-date and cumulative columns to reflect the total of escrow amount.

4. Funding By Ginnie Mae - enter the funds provided by Ginnie Mae to make-up shortfall in the escrow accounts needed to pay taxes and insurance on Ginnie Mae Foreclosed loans.

5. Disbursements - enter the amount of escrow monies paid out during the reporting month for the payment of taxes and insurance.

6. Transfer-Out - enter the escrow balance amount transferred out to the Whole Loan/REO account. When a loan is transferred the T&I account balance should be moved. Update the fiscal year to date and cumulative columns to reflect the total of T&I funds moved.

7. Repayment to Ginnie Mae - enter the repayments of funds to Ginnie Mae for prior funding of shortfalls in escrow accounts needed to pay for taxes and insurance on Ginnie Mae Foreclosed loans.

8. Escrow Ending Balance - enter the amount of monies on deposit at the end of the reporting period for taxes and insurance due on Ginnie Mae Foreclosed loans.

Purpose of the SFFL-6 Report: This report is to request information on outstanding FHA, VA and RHS claims receivable due Ginnie Mae. As a general rule, this report will reflect only the principal, interest, taxes and insurance portion of FHA/VA/RHS claims receivable outstanding on foreclosed loans due to Ginnie Mae.

Preparation Instructions:

1. Ginnie Mae Pool Number - enter the Ginnie Mae pool number assigned to the loan.

2. Subservicers Loan Number - enter the loan number assigned by subservicers.

3. Claim Type - enter the claims field with either the Federal Housing Administration(FHA), the Veterans Administration (VA), or the Rural Housing Service (RHS) by type.

4. Date Filed - enter the date the claim was filed.

5. Total Debt - enter the dollar amount of claims filed to FHA, VA and RHS during the current month.

6. Claim Collections - enter the dollar amount of claims received during the reporting month.

6a. Principal & Interest Collections- enter the principal and interest amount of the claim collected

6b. Date Principal and Interest Received - enter the date the principal and interest was received by the subservicers.

6c. Taxes and Insurance Collections - enter the taxes and insurance amount of the claims collected.

6d. Date Taxes and Insurance Received - enter the date the taxes and insurance was received by the subservicers.

6e. Other Funds Collections - enter the total amount of supplemental claims collected .

6f. Date Other Funds Received - enter the date the supplemental claims were received by the subservicers.

7. Claim Write-offs and Adjustments - enter the write-offs and adjustments on Ginnie Mae, FHA, VA and RHS claims receivable during the reporting month. After all claims proceeds have been received for a given loan, the remaining receivable should be written off.

8. Ending Claims Receivable Balance - enter the outstanding claims receivable balance due to Ginnie Mae at the end of the reporting month. This total is columns (5- 6a, - 6c, -6e, -7 ).

Aging of Outstanding Claims

Complete the aging schedule of claims by recording the number and dollar amount of FHA, VA, and RHS claims outstanding in column 7, by the appropriate days outstanding per category.

Purpose of the SFFL-7 Report: This report is a summary of the SFFL-6 and also request cumulative information on outstanding FHA and VA claims receivable due to Ginnie Mae.

Preparation Instructions:

Line 1 - Beginning Balance - record the beginning claims receivable balance. This amount should be the prior month’s ending receivable balance. Note: The government’s fiscal year end is September 30th and the beginning fiscal inventory balance should be as of October 1st. The cumulative to date column should report balances since the portfolios transfer to the Master Subservicers. This line should match the prior month SFFL-7 line 6 and the SFFL-6, column 8.

Line 2 - Claims Filed - enter the total claims filed during the reporting period. This amount should agree with total claims filed in column 5 on SFFL 6. Update the fiscal year to date and cumulative to date columns for current month activity.

Line 3 - Claims Collected - enter the dollar amount of claim receipts during the reporting month.

This amount should equal claim receipts reported on line 4 of SFFL 2 and the total amount reported on SFFL 6, column 6. Update the fiscal year to date and cumulative to date columns for current month activity.

Line 4 - Claims Written Off - enter the dollar amount of claim write-offs during the reporting month. This amount should equal claim write-offs reported on SFFL 6, column 7. Update the fiscal year to date and cumulative to date columns for current month activity.

Line 5 - Claim Adjustments - enter the dollar amount of claim adjustment during the reporting month. Any adjustments should be noted in a footnote below. Update the fiscal year to date and cumulative to date columns for current month activity.

Line 6 - Ending Balance - enter the dollar amount of claims due Ginnie Mae outstanding at the end of the reporting period. The ending claim receivable balance reported as of month end should agree to the fiscal year to date and cumulative to date amounts. This amount should match the SFFL-5, column 8.

Purpose of the SFFL-8 Report: This report ages the outstanding balance of FHA, VA and RHS loans Ginnie Mae has repurchase from the pool. This report will reflect only the purchase price, FHA/VA/RHS claims received and the outstanding loan balance on foreclosed loans due to Ginnie Mae.

1. All Loans - applicable to all Ginnie Mae single-family foreclosed loans serviced by the

1a. Number of Loans - enter the total number of single-family foreclosed loans serviced by the subservicers.

1b. Repurchase Balance - enter the total repurchased balance of all single-family foreclosed loans serviced by the subservicers.

2. Days/Years Foreclosed - enter the number of days/years loan(s) has been removed from the pool and place in foreclosed status.

3. Foreclosed Loans - enter all loans that were repurchased and placed in foreclosed status.

3a. Purchase Price - enter the amount of principal and interest paid by Ginnie Mae to security holders to purchase the loan out of the Ginnie Mae MBS pool. The purchase price should include all unreimbursed principal and interest payments made by Ginnie Mae to the security holders while the loan was delinquent.

3b. Claims Received - enter the total amount of claims received from FHA and VA during the reporting month. This amount should reflect all claims proceeds received, including claim proceeds received in prior months.

3c. Remaining Loan Balance - This is the total of column 3a (purchase price) minus column 3b (claims).

Purpose of the SFPR-1 Report: This report is used to request monies from Ginnie Mae to cover anticipated shortfalls in monthly principal and interest payments due to security holders of Ginnie Mae I MBS portfolios. The SFPR-1 is a required form, even if there is no need for Ginnie Mae to advance funds, the SFRP-1 still provides Ginnie Mae monthly accounting data.

The original report must be in Ginnie Mae’s possession no later than the 12th day of the reporting month.

Definition of Terms:

1. Amount of Principal and Interest on Deposit at the End of the Reporting Month - Enter the balance of principal and interest on deposit at the end of the reporting month in the defaulted issuer’s P&I custodial bank account.

2. Total Amount Collected Between the 1st and the 10th day of the Current Month - enter the total amount of principal and interest payments collected by the subservicers on Ginnie Mae MBS servicing portfolio from the 1st day of the month to the afternoon of the 10th day of the month, minus out the gross service fees wired to Ginnie Mae on the 2nd business day of the current month.

3. Estimated Collections of the 10th Day through the 15th Day of the Current Month - enter the estimated principal and interest payments to be collected by the subservicers on Ginnie Mae’s MBS servicing portfolio between the 11th and 15th day of the reporting month.

Ginnie Mae suggests that the subservicers use the following estimation methodology:

1. Prepare a worksheet outlining daily collections for the period 10th to 15th for the past six months.

2. Calculate an average daily collections by totaling collections for five day period over the past six months and dividing by the number of days. Note: The divisor, the number of days over the past six months, will change each reporting period as weekends and holidays often fall between the 10th and 15th of each month.

3. Multiply the number of days collections will be deposited to issuer’s P&I account times the average daily collection.

4. From the amount calculated in step 3, subtract $10,000 and record the difference as the estimated collections for the period 10th to the 15th.

The subservicers are encouraged to use the above estimation process, however the subservicers may deviate if its estimation process is more precise. For example, some subservicers loan servicing system provide information on deposits in transit as of the 10th of the reporting period, thus reducing the period of days necessary to estimate collections.

4. Self explanatory

5. Self explanatory

6. Purchase of Single Family Foreclosed Loans from MBS Servicing Pools - enter the

(outstanding principal due the security holder plus one month interest) needed to pass-through to the security holders on the 15th day of the current month…