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Deutsche Alt-A Securities Mortgage Loan Trust, Series 2007-AR1 – ‘10-K’ for 12/31/07

On:  Thursday, 3/27/08, at 5:08pm ET   ·   For:  12/31/07   ·   Accession #:  1056404-8-900   ·   File #:  333-131600-12

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/27/08  Deutsche Alt-A Secs Mtg… 2007-AR1 10-K       12/31/07   19:126K                                   Norwest Asset SEC Co… Tr

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                          9±    42K 
 3: EX-33       ABS - Report of Compliance with Servicing Criteria     9±    52K 
 4: EX-33       ABS - Report of Compliance with Servicing Criteria     3±    19K 
 5: EX-33       ABS - Report of Compliance with Servicing Criteria     8±    51K 
 6: EX-33       ABS - Report of Compliance with Servicing Criteria     7±    39K 
 7: EX-33       ABS - Report of Compliance with Servicing Criteria     2±    16K 
 8: EX-33       ABS - Report of Compliance with Servicing Criteria     2±    16K 
 9: EX-33       ABS - Report of Compliance with Servicing Criteria     2±    14K 
10: EX-34       ABS - Attestation Report on Assessment of              2±    14K 
                          Compliance with Servicing Criteria                     
11: EX-34       ABS - Attestation Report on Assessment of              2±    17K 
                          Compliance with Servicing Criteria                     
12: EX-34       ABS - Attestation Report on Assessment of              2±    15K 
                          Compliance with Servicing Criteria                     
13: EX-34       ABS - Attestation Report on Assessment of              2±    14K 
                          Compliance with Servicing Criteria                     
14: EX-34       ABS - Attestation Report on Assessment of              2±    15K 
                          Compliance with Servicing Criteria                     
15: EX-34       ABS - Attestation Report on Assessment of              2±    15K 
                          Compliance with Servicing Criteria                     
16: EX-34       ABS - Attestation Report on Assessment of              2±    13K 
                          Compliance with Servicing Criteria                     
17: EX-35       ABS - Servicer Compliance Statement                    6±    30K 
18: EX-35       ABS - Servicer Compliance Statement                    3±    20K 
19: EX-35       ABS - Servicer Compliance Statement                    3±    17K 
 2: EX-31       Certification -- Sarbanes-Oxley Act - Sect. 302        1     11K 


10-K   —   Annual Report
Document Table of Contents

Page (sequential)   (alphabetic) Top
 
11st Page  –  Filing Submission
"Item 1. Business
"Item 1A. Risk Factors
"Item 1B. Unresolved Staff Comments
"Item 2. Properties
"Item 3. Legal Proceedings
"Item 4. Submission of Matters to a Vote of Security Holders
"Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
"Item 6. Selected Financial Data
"Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation
"Item 7A. Quantitative and Qualitative Disclosures About Market Risk
"Item 8. Financial Statements and Supplementary Data
"Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
"Item 9A. Controls and Procedures
"Item 9B. Other Information
"Item 10. Directors, Executive Officers and Corporate Governance
"Item 11. Executive Compensation
"Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
"Item 13. Certain Relationships and Related Transactions, and Director Independence
"Item 14. Principal Accounting Fees and Services
"Item 15. Exhibits, Financial Statement Schedules


UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark one) /X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2007 OR / / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number: 333-131600-12 Deutsche Alt-A Securities Mortgage Loan Trust, Series 2007-AR1 (exact name of issuing entity as specified in its charter) Deutsche Alt-A Securities, Inc. (exact name of the depositor as specified in its charter) DB Structured Products, Inc. (exact name of the sponsor as specified in its charter) Delaware 35-2184183 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 60 Wall Street New York, NY 10005 (Address of principal executive (Zip Code) offices) Telephone number, including area code: (212) 250-5000 Securities registered pursuant to Section 12(b) of the Act: NONE. Securities registered pursuant to Section 12(g) of the Act: NONE. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ___ No X Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ___ No X Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No ___ Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (Section 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. Not applicable. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer", "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. Large accelerated filer ___ Accelerated filer ___ Non-accelerated filer X Smaller reporting company ___ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ___ No X State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter. Not applicable. Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Not applicable. Indicate the number of shares outstanding of each of the registrant's classes of common stock, as of December 31, 2007. Not applicable. DOCUMENTS INCORPORATED BY REFERENCE List hereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document is incorporated: (1)Any annual report to security holders; (2) Any proxy or information statement; and (3)Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed documents should be clearly described for identification purposes (e.g., annual report to security holders for fiscal year ended December 24, 1980). Not applicable. PART I Item 1. Business. Not applicable. Item 1A. Risk Factors. Not applicable. Item 1B. Unresolved Staff Comments. None. Item 2. Properties. Not applicable. Item 3. Legal Proceedings. Not applicable. Item 4. Submission of Matters to a Vote of Security Holders. Not applicable. PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Not applicable. Item 6. Selected Financial Data. Not applicable. Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation. Not applicable. Item 7A. Quantitative and Qualitative Disclosures About Market Risk. Not applicable. Item 8. Financial Statements and Supplementary Data. Not applicable. Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure. Not applicable. Item 9A. Controls and Procedures. Not applicable. Item 9A(T). Controls and Procedures. Not applicable. Item 9B. Other Information. None. PART III Item 10. Directors, Executive Officers and Corporate Governance. Not applicable. Item 11. Executive Compensation. Not applicable. Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. Not applicable. Item 13. Certain Relationships and Related Transactions, and Director Independence. Not applicable. Item 14. Principal Accounting Fees and Services. Not applicable. ADDITIONAL DISCLOSURE ITEMS PURSUANT TO GENERAL INSTRUCTION J Item 1112(b) of Regulation AB, Significant Obligor Financial Information. No single obligor represents 10% or more of the pool assets held by the issuing entity. Item 1114(b)(2) of Regulation AB, Significant Enhancement Provider Financial Information. No entity or group of affiliated entities provides any external credit enhancement or other support for the certificates within this transaction as described under Item 1114 (a) of Regulation AB. Item 1115(b) of Regulation AB, Certain Derivatives Instruments (Financial Information). Deutsche Bank AG, New York Branch provides swap derivative instruments and a cap derivative instrument for the trust as disclosed in the Rule 424(b) Prospectus filing with the Commission on January 30, 2007, Commission File Number 333-131600-12, CIK Number 0001385568. No additional disclosure is necessary because the significance percentage for the swap agreements and the cap agreement is less than 10%, as of December 31, 2007. The Bank of New York provides a cap derivative instrument for the trust as disclosed in the Rule 424(b) Prospectus filing with the Commission on January 30, 2007, Commission File Number 333-131600-12, CIK Number 0001385568. No additional disclosure is necessary because the significance percentage for the cap agreement is less than 10%, as of December 31, 2007. Item 1117 of Regulation AB, Legal Proceedings. As disclosed by American Home Mortgage Investment Corp. ("American Home Mortgage") in its Current Report on Form 8-K (Commission File Number 001-31916, CIK Number 0001256536) filed with the U.S. Securities and Exchange Commission (the "SEC") on August 9, 2007, on August 6, 2007, American Home Mortgage issued a press release announcing that American Home Mortgage, together with certain of its subsidiaries, including American Home Mortgage Servicing, Inc. ("AHM Servicing"), had filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") (American Home Mortgage Holdings, Inc., a Delaware corporation, et al. Case No. 07-11047(CSS)). As disclosed by American Home Mortgage in its Current Report on Form 8-K (Commission File Number 001-31916, CIK Number 0001256536) filed with the SEC on September 28, 2007, on September 25, 2007, American Home Mortgage and its subsidiaries, American Home Mortgage Corp. and AHM Servicing entered into an Asset Purchase Agreement with AH Mortgage Acquisition Co., Inc., an entity newly formed by WL Ross & Company, LLC, for the sale of American Home Mortgage's mortgage servicing assets and mortgage servicing platform for a purchase price to be determined by a formula based on mortgage servicing rights and advances outstanding at the time of closing on the transaction. By Order dated October 30, 2007, the Bankruptcy Court approved and authorized that sale. Item 1119 of Regulation AB, Affiliations and Certain Relationships and Related Transactions. The information regarding this Item has been previously filed in a 424(b)(5) filing with the Commission on January 30, 2007, Commission File Number 333-131600-12, CIK Number 0001385568. Item 1122 of Regulation AB, Compliance with Applicable Servicing Criteria. The reports on assessment of compliance with the servicing criteria for asset-backed securities and the related attestation reports on such assessments of compliance are attached hereto under Item 15. Although each servicing criterion required by Item 1122(d) of Regulation AB is addressed in one or more of the Assessments of Compliance with Servicing Criteria and related Attestation Reports included with this report, the Assessment of Compliance of Indymac Bank, F.S.B. (the "Servicer") and related Attestation Report did not address each of the servicing criteria that the Servicer was required to address under the terms of the related Servicing Agreement. The Servicer has not identified such failure to provide an Assessment and Attestation for these items as a material failure to fulfill its obligations under the related servicing agreement in the Servicer's Compliance Statement provided under Item 1123 of Regulation AB, because the Servicer asserts that those items are not applicable to the Servicer. Item 1123 of Regulation AB, Servicer Compliance Statement. The servicer compliance statements are attached hereto under Item 15. Part IV Item 15. Exhibits, Financial Statement Schedules. (a) Exhibits. (4) Pooling and Servicing Agreement dated as of January 1, 2007 among Deutsche Alt-A Securities, Inc., as depositor, Wells Fargo Bank, N.A. as master servicer and securities administrator, and HSBC Bank USA, National Association as trustee (incorporated herein by reference from Exhibit 4.1 of the Current Report on Form 8-K of the registrant, as filed with the Commission on February 15, 2007, Commission File Number 333-131600-12, CIK number 0001385568). (10) Incorporated by reference as Exhibit (4) (31) Rule 13a-14(d)/15d-14(d) Certification. (33) Reports on assessment of compliance with servicing criteria for asset-backed securities. [Download Table] 33.1 Countrywide Home Loans Servicing LP as Servicer 33.2 Deutsche Bank National Trust Company as Custodian 33.3 IndyMac Bank, F.S.B. as Servicer 33.4 Newport Management Corporation as Sub-Contractor for IndyMac Bank, F.S.B. 33.5 Wells Fargo Bank, N.A. as Master Servicer and Securities Administrator 33.6 Wells Fargo Bank, N.A. as Paying Agent 33.7 Wells Fargo Bank, N.A. as Custodian (34) Attestation reports on assessment of compliance with servicing criteria for asset-backed securities. [Download Table] 34.1 Countrywide Home Loans Servicing LP as Servicer 34.2 Deutsche Bank National Trust Company as Custodian 34.3 IndyMac Bank, F.S.B. as Servicer 34.4 Newport Management Corporation as Sub-Contractor for IndyMac Bank, F.S.B. 34.5 Wells Fargo Bank, N.A. as Master Servicer and Securities Administrator 34.6 Wells Fargo Bank, N.A. as Paying Agent 34.7 Wells Fargo Bank, N.A. as Custodian (35) Servicer compliance statement. [Download Table] 35.1 Countrywide Home Loans Servicing LP as Servicer 35.2 IndyMac Bank, F.S.B. as Servicer 35.3 Wells Fargo Bank, N.A. as Master Servicer and Securities Administrator (b) Exhibits identified in paragraph (a) above. (c) Omitted. SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Deutsche Alt-A Securities Mortgage Loan Trust, Series 2007-AR1 (Issuing Entity) Wells Fargo Bank, N.A. (Master Servicer) /s/ Kristen Ann Cronin Kristen Ann Cronin, Vice President (senior officer in charge of the servicing function of the master servicer) Date: March 27, 2008 Exhibit Index Exhibit No. (4) Pooling and Servicing Agreement dated as of January 1, 2007 among Deutsche Alt-A Securities, Inc., as depositor, Wells Fargo Bank, N.A. as master servicer and securities administrator, and HSBC Bank USA, National Association as trustee (incorporated herein by reference from Exhibit 4.1 of the Current Report on Form 8-K of the registrant, as filed with the Commission on February 15, 2007, Commission File Number 333-131600-12, CIK number 0001385568). (10) Incorporated by reference as Exhibit (4) (31) Rule 13a-14(d)/15d-14(d) Certification. (33) Reports on assessment of compliance with servicing criteria for asset-backed securities. [Download Table] 33.1 Countrywide Home Loans Servicing LP as Servicer 33.2 Deutsche Bank National Trust Company as Custodian 33.3 IndyMac Bank, F.S.B. as Servicer 33.4 Newport Management Corporation as Sub-Contractor for IndyMac Bank, F.S.B. 33.5 Wells Fargo Bank, N.A. as Master Servicer and Securities Administrator 33.6 Wells Fargo Bank, N.A. as Paying Agent 33.7 Wells Fargo Bank, N.A. as Custodian (34) Attestation reports on assessment of compliance with servicing criteria for asset-backed securities. [Download Table] 34.1 Countrywide Home Loans Servicing LP as Servicer 34.2 Deutsche Bank National Trust Company as Custodian 34.3 IndyMac Bank, F.S.B. as Servicer 34.4 Newport Management Corporation as Sub-Contractor for IndyMac Bank, F.S.B. 34.5 Wells Fargo Bank, N.A. as Master Servicer and Securities Administrator 34.6 Wells Fargo Bank, N.A. as Paying Agent 34.7 Wells Fargo Bank, N.A. as Custodian (35) Servicer compliance statement. [Download Table] 35.1 Countrywide Home Loans Servicing LP as Servicer 35.2 IndyMac Bank, F.S.B. as Servicer 35.3 Wells Fargo Bank, N.A. as Master Servicer and Securities Administrator

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/27/08
For Period End:12/31/07
10/30/07
9/28/07
9/25/0710-D
8/9/07
8/6/07
2/15/078-K
1/30/07424B5
1/1/07
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