Annual Report — Form 10-K
Filing Table of Contents
Document/Exhibit Description Pages Size
1: 10-K Merrill Lynch First Franklin Mortgage Loan Trust, HTML 63K
Series 2007-4 Form 10-K
3: EX-33.A Assessment of Compliance, Home Loan Services, HTML 75K
Inc., as Servicer
4: EX-33.B Assessment of Compliance, Lasalle Bank National HTML 44K
Association, as Trustee and Custodian
5: EX-33.C Assessment of Compliance, First American Real HTML 13K
Estate Solutions of Texas, L.P. as
Servicing Function Participant
6: EX-33.D Assessment of Compliance, Regulus Group LLC, as HTML 14K
Servicing Function Participant
7: EX-33.E Assessment of Compliance, Assurant Inc., as HTML 15K
Servicing Function Participant
8: EX-34.A Attestation Report on Assessment of Compliance, HTML 21K
Home Loan Services, Inc., as Servicer
9: EX-34.B Attestation Report on Assessment of Compliance, HTML 18K
Lasalle Bank National Association, as
Trustee and Custodian
10: EX-34.C Attestation Report on Assessment of Compliance, HTML 17K
First American Real Estate Solutions of
Texas, L.P. as Servicing Function
Participant
11: EX-34.D Attestation Report on Assessment of Compliance, HTML 16K
Regulus Group LLC, as Servicing Function
Participant
12: EX-34.E Attestation Report on Assessment of Compliance, HTML 19K
Assurant Inc., as Servicing Function
Participant
13: EX-35.A Servicer Compliance Statement, Home Loan Services, HTML 15K
Inc., as Servicer
14: EX-35.B Servicer Compliance Statement, Lasalle Bank HTML 16K
National Association, as Trustee
15: EX-35.C Servicer Compliance Statement, First American Real HTML 13K
Estate Solutions of Texas, L.P. as
Servicing Function Participant
16: EX-35.D Servicer Compliance Statement, Regulus Group LLC, HTML 12K
as Servicing Function Participant
2: EX-31 Sarbanes Oxley Certification HTML 15K
EX-34.A — Attestation Report on Assessment of Compliance, Home Loan Services, Inc., as Servicer
This Exhibit is an HTML Document rendered as filed. [ Alternative Formats ]
Report of
Independent Registered Public Accounting Firm
Board of
Directors and Shareholder
Home Loan
Services, Inc.
We have
examined Home Loan Services, Inc. (the "Company's") compliance with the
servicing criteria set forth in Item 1122(d) of the Securities and Exchange
Commission's Regulation AB for the loans serviced by the Company that were first
and second lien residential mortgage loans sold in public securitizations closed
during December 2004, and calendar years ended December 31, 2005, 2006, and 2007
(the "Platform") described in the accompanying Management's Report on Assessment
of Compliance with SEC Regulation AB Servicing Criteria as of and for the year
ended December 31,2007, excluding criteria 1122(d)(l)(iii); 1122(d)(3)(i)C; and
1122(d)(4)(ii), (xi), and (xii), which management has determined are not
applicable to the activities performed by the Company with respect to the
Platform. Appendix B to management's assertion identifies the individual
asset-backed transactions defined by management as constituting the Platform.
Management is responsible for the Company's compliance with the servicing
criteria. Our responsibility is to express an opinion on the Company's
compliance with the servicing criteria based on our
examination.
Our
examination was conducted in accordance with attestation standards established
by the American Institute of Certified Public Accountants, as adopted by the
Public Company Accounting Oversight Board (United States), and, accordingly,
included examining, on a test basis, evidence about the Company's compliance
with the applicable servicing criteria, including tests on a sample basis of the
servicing activities related to the Platform, determining whether the Company
performed those selected activities in compliance with the servicing criteria
during the specified period, and performing such other procedures as we
considered necessary in the circumstances. Our procedures were limited to
selected servicing activities performed by the Company during the period covered
by this report and, accordingly, such samples may not have included servicing
activities related to each asset-backed transaction included in the Platform.
Further, an examination is not designed to detect noncompliance arising from
errors that may have occurred prior to the period specified above that may have
affected the balances or amounts calculated or reported by the Company during
the period covered by this report. We believe that our examination provides a
reasonable basis for our opinion. Our examination does not provide a legal
determination on the Company's compliance with the servicing
criteria.
Our
examination disclosed the following material noncompliance with SEC Regulation
AB Servicing Criteria applicable to the Company during the year ended December
31, 2007, as follows:
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Member
of |
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Deloitte
Touche Tohmatsu |
| Item: |
Description of
material noncompliance: |
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| 1122
(d)(l)(i) |
The
Company had not instituted policies and procedures to monitor
any performance or other triggers for delinquency in accordance with the
ransactions agreements until April 2007.
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| 1122
(d)(2)(vii)B |
For a
sample of 60 bank statement reconciliations, 9 reconciliations
were not completed within 30 calendar days after the bank statement cutoff
date.
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| 1122
(d)(4)(x)C |
For a
sample of 60 loans with escrow accounts, escrow funds
were not returned within 30 days after payoff for 2
loans.
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In our
opinion, except for the material noncompliance described in the preceding
paragraph, the Company complied, in all material respects, with the
aforementioned applicable servicing criteria as of and for the year ended
December 31, 2007 for the Platform.
Management's
assessment includes management's responses to the material noncompliance
identified in our examination. Such responses have not been subjected to the
procedures applied in our examination and, accordingly, we do not express an
opinion or provide any form of assurance on the appropriateness of the responses
or the effectiveness of any corrective actions described therein.
