FILED: NEW YORK COUNTY CLERK 02/27/ :14 PM

Size: px

Start display at page:

Download "FILED: NEW YORK COUNTY CLERK 02/27/ :14 PM"

Tyrone Atkinson
5 years ago
Views:

1 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/2019 or 1 of 31

2 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/ of 31

3 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/ of 31

4 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/2019 COMPARED TO 4 of 31

5 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/2019 COMPARED TO 5 of 31

6 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/2019 or or 6 of 31

7 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/ of 31

8 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/ of 31

9 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/2019 Statement to Certificateholders Page 1 Remittance Summary Group Page 5 Mortgage Loan Characteristics Page 6 Delinquency Report Page 10 Delinquency History Report - Six Months Page 11 Delinquency Summary - Lien and Rate Type Page 12 Bankruptcy Loan Detail Report Page 13 Foreclosure Loan Detail Report Page 14 REO Loan Detail Report Page 15 Prepayment & Liquidation Loan Detail Report Page 16 Substitution In/Out Loan Detail Report Page 17 Material Modifications Loan Detail Report Page 18 Extended Material Modifications Loan Detail Report Page 19 Material Modifications (HAMP) Report Page 20 Material Breaches Loan Detail Report Page 22 9 of 31

10 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/2019 Bear Stearns Asset Backed Securities I Trust Asset-Backed Certificates Series 2007-AQ1 STATEMENT TO CERTIFICATEHOLDERS Distribution Date: Dec 26, 2018 Determination Date Dec 14, 2018 Accrual Periods: Begin End Record Date - CE, P, R-1, R-2, R-3, RX Nov 30, 2018 Libor Certificates Nov 26, 2018 Dec 25, 2018 Record Date - others Dec 24, 2018 Others Nov 01, 2018 Nov 30, 2018 Payment Detail: Pass Applied Through Original Beginning Principal Interest Total Current Interest Loss Ending Class Rate (1) Balance Balance Paid Paid Paid Shortfall Amount (Net) Balance A % 180,289, ,406, , , , (154.25) 14,241, A % 61,828, ,596, , , (127.40) 37,596, A % 22,184, ,489, , , (45.71) 13,489, M % 13,957, M % 12,897, M % 7,950, M % 6,890, M % 6,360, M % 5,830, M % 5,830, M % 4,770, M % 4,947, M % 5,477, CE % 353,343, ,493, ,328, P % R % R % R % RX % Totals: 339,209, ,493, , , , (327.36) 65,328, (1) Reflects the application of Net Funds Cap Amounts Per 1,000: Applied Beginning Principal Interest Loss Ending Class Cusip Balance Paid Paid Amount Balance Index Value A VAA ( ) LIBOR % A VAB ( ) Swap Libor % A VAC ( ) M VAD M VAE M VAF M VAG M VAH M VAJ M VAK M VAL M VAM M VAN CE 07389VAU P 07389VAT R VAP R VAQ R VAR RX 07389VAS of 31 Page 1 of 22

11 NYSCEF DOC. NO. 811 Bear Stearns Asset Backed Securities I Trust Asset-Backed Certificates Series 2007-AQ1 RECEIVED NYSCEF: 02/27/2019 STATEMENT TO CERTIFICATEHOLDERS Distribution Date: Dec 26, 2018 Interest Detail: Index + Interest Allocation of Interest Total Outstanding Margin or Net PPIS & Basis Risk Basis Risk Basis Risk Carry Forward Interest Carryforward Class Fix Rate PT Rate (1) Relief Act Paid (2) Unpaid Amount Paid Paid Interest A % 41, , , , A % 189, , , , A % 89, , , , M % M % M % M % M % M % M % M % M % M % CE % P % R % R % R % RX % (1) Includes interest shortfalls from previous payments dates plus interest thereon (represents interest payable to Remic 2 Regular Interests) (2) Represents non-remic 2 Regular Interests payments to respective class. The aggregate, including interest paid to the Class CE, represents Remic 2 Regular Interest payments to the Class CE Applied Loss Detail: Beginning Current Ending Outstanding Loss Loss Recovery Loss Amount Applied Loss Outstanding Loss Class Amount Applied Paid Amount Amount A-1 19,321, ,321, A-2 24,231, ,231, A-3 8,694, ,694, M-1 13,957, ,957, M-2 12,897, ,897, M-3 7,950, ,950, M-4 6,890, ,890, M-5 6,360, ,360, M-6 5,830, ,830, M-7 5,830, ,830, M-8 4,770, ,770, M-9 4,947, ,947, M-10 5,477, ,477, (1) Includes accrued interest on prior deferred amounts on Senior Bonds. 11 of 31 Page 2 of 22

12 NYSCEF DOC. NO. 811 Bear Stearns Asset Backed Securities I Trust Asset-Backed Certificates Series 2007-AQ1 RECEIVED NYSCEF: 02/27/2019 STATEMENT TO CERTIFICATEHOLDERS Distribution Date: Dec 26, 2018 ACCOUNT ACTIVITY Reserve Fund Account: Miscellaneous: Total Recoveries Beginning Balance 5, Deposit : required deposit from waterfall 0.00 Advances required to be made by Servicer Not Provided By Servicer Withdrawal: for Basis Risk shortfalls 0.00 Advances actually made by Servicer Not Provided By Servicer Withdrawal: to Supplemental Interest Trust, any excess 0.00 Ending Balance 5, Cumulative Payments to following bonds: Supplemental Interest Trust: Class CE 0.00 Swap Notional Balance 0.00 Class R 0.00 Interest Remittance Amount 279, Beginning Balance 0.00 Principal Remittance Amount 165, Deposit: Investment Income 0.00 Principal Distribution Amount 165, Deposit: excess funds from Basis Risk Reserve Funds 0.00 Funds Shortfall 0.00 Deposit: Net Counterparty Payment to Trust 0.00 HAMP investor incentive, cost share, and depreciation funds 12, Deposit: Counterparty Termination Payment 0.00 Deposit / Withdrawal : Net Trust Payment to Counterparty 0.00 Reconciliation: Deposit / Withdrawal : Trust Termination Payment to Counterparty 0.00 Available funds (A): Withdrawal : to pay interest on certificates 0.00 Servicer remittance 444, Withdrawal : to Pay Available Basis Risk Amount 0.00 Withdrawal from Class Reserve Fund 0.00 Withdrawal : to Maintian Target OC, principal , Withdrawal : to pay Basis Risk Shortfalls 0.00 Distributions (B): Withdrawal : to pay Deferred Amounts 0.00 Withdrawal : to replacement SWAP 0.00 Trustee Fees Withdrawal : to CE, remaining amounts 0.00 Extraordinary Trust Fund Expenses 2, Ending Balance 0.00 Net Trust Payment to Counterparty 0.00 Total interest distributed 276, Swap Payment made by the trust to the swap provider 0.00 Total principal distributed 165, Swap Payment made by the swap provider to the trust , Accrued and Unpaid Trust Expense 0.00 (A) - (B): of 31 Page 3 of 22

13 NYSCEF DOC. NO. 811 Bear Stearns Asset Backed Securities I Trust Asset-Backed Certificates Series 2007-AQ1 RECEIVED NYSCEF: 02/27/2019 STATEMENT TO CERTIFICATEHOLDERS Distribution Date: Dec 26, 2018 CREDIT ENHANCEMENT AND TRIGGERS Trigger Event: Overcollateralization: Relevant information: Ending Overcollateralization Amount 0.00 A) Current Balance of Loans 60+ days delinq, 60+ Bankruptcies, Foreclosures and REOs 25,606, Target Overcollateralization Amount 14,133, B) Rolling 12-Month Repurchase Balance N/A Ending Overcollateralization deficiency amount 14,133, C) Rolling 12 Month Modified Loans < 60 days delinq. (Excluding (A)) N/A Overcollateralization release amount 0.00 D) Ending Collateral Balance 65,328, E) Current Delinquency Rate ((A+B+C)/D) % F) Applicable Delinquency Event trigger limit % Excess interest distributions: G) Cumulative Realized Losses 202,067, H) Forgiven Interest 0.00 Excess available interest (A includes OC release): (0.00) I) Original Collateral Balance 353,343, J) Cumulative Loss % ( (G+H)/I) % K) Applicable Cumulative Loss Limit % % 1) as additional principal to certificates (0.00) * 60+ days delinq. Rolling 12 Month Modified Loans included in A). 2) Loss Amounts + Interest thereon (not applied as prin) 0.00 A Trigger Event will occur if either (1) or (2) is True: 3) Basis Risk Payments ) Delinq % equals or exceeds the following % of the Senior Enhance % (E>=F): YES 4) Remaining Amounts to CE ) Cumulative Loss % exceeds applicable % (J > K) YES (B): (0.00) YES (A)-(B): 0.00 Aggregate Three-Month Rolling Average 60+ days delinq % % First Lien Three-Month Rolling Average 60+ days delinq % % Adjustable Rate Mortgage Three-Month Rolling Average 60+ days delinq % % Stepdown Date: Current Forgiven Principal 1 56, Relevant information: Cumulative Forgiven Principal 1 10,543, Senior Enhancement Percentage % Senior Enhancement Percentage for purposes of Stepdown % The later to occur of: (x) the Distribution Date in February 2010 (y) first Distribution Date when the Senior Enhancement % equals or exceeds: (i) 50.40% YES NO NO 1 In the absence of specific guidance in the governing documents, forgiveness of principal agreed to and reported by a Servicer in connection with a loan modification will be treated as a Realized Loss, and will be included in such reported amounts and related calculations. 2 In the absence of specific provisions in the governing documents and consistent with the information provided by the Servicer that the Servicer is following the guidance issued by the Department of Treasury, deferred principal agreed to and reported as a loss by the Servicer in connection with a loan modification will be treat as a Realized Loss, and will be included in such reported amounts and related calculations. 13 of 31 Page 4 of 22

14 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/ of 31 Page 5 of 22

15 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/ of 31 Page 6 of 22

16 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/ of 31 Page 7 of 22

17 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/ of 31 Page 8 of 22

18 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/ of 31 Page 9 of 22

19 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/ of 31 Page 10 of 22

20 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/ of 31 Page 11 of 22

21 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/ of 31 Page 12 of 22

22 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/ of 31 Page 13 of 22

23 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/ of 31 Page 14 of 22

24 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/ of 31 Page 15 of 22

25 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/ of 31 Page 16 of 22

26 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/ of 31 Page 17 of 22

27 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/ of 31 Page 18 of 22

28 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/ of 31 Page 19 of 22

29 Page 20 of 22 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/ of 31

30 Page 21 of 22 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/ of 31

31 NYSCEF DOC. NO. 811 RECEIVED NYSCEF: 02/27/ of 31 Page 22 of 22

Asset Backed Securities Corporation Home Equity Loan Trust Series, 2004-HE1

Asset Backed Securities Corporation Home Equity Loan Trust Series, 2004-HE1 Home Equity Loan Trust Series, 2004-HE1 Monthly Report for Distribution dated Jan 17, 2017 Global Corporate Trust Services Home Equity Loan Trust Series, 2004-HE1 DISTRIBUTION PACKAGE TABLE OF CONTENTS