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As Of Filer Filing For·On·As Docs:Size Issuer Agent 3/28/08 Merrill Lynch First Frank… 2007-4 10-K 12/31/07 16:470K Lasalle Bank NA/FA |
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
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LaSalle
Bank N.A.
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135
South LaSalle Street
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Suite
1625
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Global
Securities and
Trust Services
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Reg
AB Reference
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Servicing
Criteria
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Servicing
Criteria Applicable to LaSalle Bank National Association (as trustee,
paying agent, or custodian)
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Servicing
Criteria Inapplicable to LaSalle Bank National Association ( as trustee,
paying agent, or custodian)
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General
Servicing Considerations
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1122(d)(1)(i)
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Policies
and procedures are instituted to monitor any performance or other triggers
and events of default in accordance with the transaction
agreements.
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X
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1122(d)(1)(ii)
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If
any material servicing activities are outsourced to third parties,
policies and procedures are instituted to monitor the third party’s
performance and compliance with such servicing activities.
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X1
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1122(d)(1)(iii)
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Any
requirements in the transaction agreements to maintain a back-up servicer
for the Pool Assets are maintained.
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X
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1122(d)(1)(iv)
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A
fidelity bond and errors and omissions policy is in effect on the party
participating in the servicing function throughout the reporting period in
the amount of coverage required by and otherwise in accordance with the
terms of the transaction agreements.
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X
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Cash
Collection and Administration
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1122(d)(2)(i)
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Payments
on pool assets are deposited into the appropriate custodial bank accounts
and related bank clearing accounts no more than two business days
following receipt, or such other number of days specified in the
transaction agreements.
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X
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1122(d)(2)(ii)
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Disbursements
made via wire transfer on behalf of an obligor or to an investor are made
only by authorized personnel.
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X
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1122(d)(2)(iii)
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Advances
of funds or guarantees regarding collections, cash flows or distributions,
and any interest or other fees charged for such advances, are made,
reviewed and approved as specified in the transaction
agreements.
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X2
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1122(d)(2)(iv)
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The
related accounts for the transaction, such as cash reserve accounts or
accounts established as a form of over collateralization, are separately
maintained (e.g., with respect to commingling of cash) as set forth in the
transaction agreements.
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X
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1122(d)(2)(v)
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Each
custodial account is maintained at a federally insured depository
institution as set forth in the transaction agreements. For purposes of
this criterion, “federally insured depository institution” with respect to
a foreign financial institution means a foreign financial institution that
meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange
Act.
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X
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1122(d)(2)(vi)
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Unissued
checks are safeguarded so as to prevent unauthorized
access.
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X
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1122(d)(2)(vii)
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Reconciliations
are prepared on a monthly basis for all asset-backed securities related
bank accounts, including custodial accounts and related bank clearing
accounts. These reconciliations are (A) mathematically accurate; (B)
prepared within 30 calendar days after the bank statement cutoff date, or
such other number of days specified in the transaction agreements; (C)
reviewed and approved by someone other than the person who prepared
the
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X
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reconciliation;
and (D) contain explanations for reconciling items. These reconciling
items are resolved within 90 calendar days of their original
identification, or such other number of days specified in the transaction
agreements.
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Investor
Remittances and Reporting
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1122(d)(3)(i)
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Reports
to investors, including those to be filed with the Commission, are
maintained in accordance with the transaction agreements and applicable
Commission requirements. Specifically, such reports (A) are prepared in
accordance with timeframes and other terms set forth in the transaction
agreements; (B) provide information calculated in accordance with the
terms specified in the transaction agreements; (C) are filed with the
Commission as required by its rules and regulations; and (D) agree with
investors’ or the indenture trustee’s records as to the total unpaid
principal balance and number of Pool Assets serviced by the related
Servicer.
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X
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1122(d)(3)(ii)
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Amounts
due to investors are allocated and remitted in accordance with timeframes,
distribution priority and other terms set forth in the transaction
agreements.
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X
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1122(d)(3)(iii)
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Disbursements
made to an investor are posted within two business days to the related
Servicer’s investor records, or such other number of days specified in the
transaction agreements.
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X
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1122(d)(3)(iv)
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Amounts
remitted to investors per the investor reports agree with cancelled
checks, or other form of payment, or custodial bank
statements.
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X
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Pool
Asset Administration
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1122(d)(4)(i)
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Collateral
or security on pool assets is maintained as required by the transaction
agreements or related pool asset documents.
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X
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1122(d)(4)(ii)
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Pool
assets and related documents are safeguarded as required by the
transaction agreements
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X
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1122(d)(4)(iii)
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Any
additions, removals or substitutions to the asset pool are made, reviewed
and approved in accordance with any conditions or requirements in the
transaction agreements.
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X
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1122(d)(4)(iv)
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Payments
on pool assets, including any payoffs, made in accordance with the related
pool asset documents are posted to the related Servicer’s obligor records
maintained no more than two business days after receipt, or such other
number of days specified in the transaction agreements, and allocated to
principal, interest or other items (e.g., escrow) in accordance with the
related pool asset documents.
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X
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1122(d)(4)(v)
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The
related Servicer’s records regarding the pool assets agree with the
related Servicer’s records with respect to an obligor’s unpaid principal
balance.
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X
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1122(d)(4)(vi)
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Changes
with respect to the terms or status of an obligor's pool assets (e.g.,
loan modifications or re-agings) are made, reviewed and approved by
authorized personnel in accordance with the transaction agreements and
related pool asset documents.
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X
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1122(d)(4)(vii)
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Loss
mitigation or recovery actions (e.g., forbearance plans, modifications and
deeds in lieu of foreclosure, foreclosures and repossessions, as
applicable) are initiated, conducted and concluded in accordance with the
timeframes or other requirements established by the transaction
agreements.
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X
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1122(d)(4)(viii)
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Records
documenting collection efforts are maintained during the period a pool
asset is delinquent in accordance with the transaction agreements. Such
records are maintained on at least a monthly basis, or such other period
specified in the transaction agreements, and describe the entity’s
activities in monitoring delinquent pool assets including, for example,
phone calls, letters and payment rescheduling plans in cases where
delinquency is deemed
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X
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temporary
(e.g., illness or unemployment).
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1122(d)(4)(ix)
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Adjustments
to interest rates or rates of return for pool assets with variable rates
are computed based on the related pool asset documents.
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X
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1122(d)(4)(x)
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Regarding
any funds held in trust for an obligor (such as escrow accounts): (A) such
funds are analyzed, in accordance with the obligor’s pool asset documents,
on at least an annual basis, or such other period specified in the
transaction agreements; (B) interest on such funds is paid, or credited,
to obligors in accordance with applicable pool asset documents and state
laws; and (C) such funds are returned to the obligor within 30 calendar
days of full repayment of the related pool assets, or such other number of
days specified in the transaction agreements.
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X
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1122(d)(4)(xi)
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Payments
made on behalf of an obligor (such as tax or insurance payments) are made
on or before the related penalty or expiration dates, as indicated on the
appropriate bills or notices for such payments, provided that such support
has been received by the servicer at least 30 calendar days prior to these
dates, or such other number of days specified in the transaction
agreements.
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X
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1122(d)(4)(xii)
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Any
late payment penalties in connection with any payment to be made on behalf
of an obligor are paid from the related Servicer’s funds and not charged
to the obligor, unless the late payment was due to the obligor’s error or
omission.
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X
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1122(d)(4)(xiii)
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Disbursements
made on behalf of an obligor are posted within two business days to the
obligor’s records maintained by the servicer, or such other number of days
specified in the transaction agreements.
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X
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1122(d)(4)(xiv)
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Delinquencies,
charge-offs and uncollectible accounts are recognized and recorded in
accordance with the transaction agreements.
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X
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1122(d)(4)(xv)
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Any
external enhancement or other support, identified in Item 1114(a)(1)
through (3) or Item 1115 of Regulation AB, is maintained as set forth in
the transaction agreements.
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X
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This ‘10-K’ Filing | Date | Other Filings | ||
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Filed on: | 3/28/08 | None on these Dates | ||
2/29/08 | ||||
For Period End: | 12/31/07 | |||
1/1/06 | ||||
List all Filings |