Sample Bloomberg Audit- Bob Ramers

Robert K. Ramers Certified Mortgage Securitization Auditor

Tel: 415-730-4514 email: [email protected]

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BLOOMBERG ANALYSIS AND AFFIDAVIT

OWNER: Darryl xxxxxxx

PROPERTY: xxx State Highway xxx

Lake Arrowhead, CA 92352

DATE: 10/3/2011

PREPARED: Bob Ramers- Top Gun Auditors BY:



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BLOOMBERG ANALYSIS This report was prepared using the Bloomberg Terminal through a subscription of services through Bloomberg, L.P. They Terminal reports real-time financial market news, pricing, reports and importantly securities analysis in a secure, proprietary network. Specifically, our subscription to the Bloomberg service entitles TGA Associates research and analysis into the structure and content of all Mortgage Backed Securities (MBS) in the market. Bloomberg Terminal access and training helps TGA to uncover the path and location of homeowners mortgage loans that were securitized into MBS, past and present. The search for the subject loan within a specific MBS relies on the Original Loan Note, the Mortgage Servicer statements, and even documents recorded with the subject loan’s county of residence. Through time, the loan may have been identified with multiple numbers or may even be identified with a previously unidentified loan number. TGA Associates uses extensive Bloomberg Terminal training, an understanding of loan origination, and several sources of additional MBS documentation to provide the client and homeowner with a final affidavit proving the existence of the subject loan within a stated MBS.

In many cases, the loans that were placed in these trusts were “fractionalized”, or broken into multiple parts and combined with other loans into Classes with varying credit risk profiles and maturities. Each of these classes was assigned a separate CUSIP number and sold as an individual security. Some of these securities may have been completely paid off through payments by the borrower, credit default swaps, mortgage insurance or government programs.



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Bloomberg Screen Captures: Loan Search Screen Originating loan characteristics and/or the subject loan’s number was entered into the Bloomberg Termin-al in order to identify and confirm the MBS in which the subject loan resides. TGA Associates entered these characteristics within the LFND screen command and the resulting loans/loans were identified for comparison to the subject loan.



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Loan Level Detail The Subject Loan resides in the xxx Trust and was identified by the origination characteristics. The Loan Level Detail is found with the LLD screen command and provides the Master Servicer tape (payment his-tory) of the loan that is provided to Bloomberg on a real-time basis. TGA Associates uses the Loan Level Detail information to further verify that the loan resides in the MBS Trust. Additionally, the Group is identi-fied for the loan. TGA Associates show the single Bloomberg Terminal screen picture and copies the con-tent across the columns. The letter C indicates that the loan payments to the owner are current and have been advanced by the servicer.

Loan Pay History Curr. Amt Orig Amt Group(s) Modifications Mod Date Rate Prev Rate

0130758734 9999999999999999999FFFFF 400000 400000 0, 2

7.5 0

P&I Prev P&I IO Term Doc Orig. LTV Amort LTV HALTV Score Age

2500 0 61 Limited 80 80 119.9679 703 59

MTM Type Index Initial MTR Life Cap Life Flr Adj Cap Adj Flr Margin GEO

301 ARM LIBOR12MO 0 13.5 2.5 2 0 2.75 CA

Delinq Days Spcl Svc Property Type Occ Purpose Orig Zip TGA Service Lien #Months B/F/R



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90 Days

Single Housing Own Equity takeout 09/2006 91911 San Diego-Carlsbad-San Marcos, CA 0.25 1 5



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Trust Identification

The MBS Trust agreements which created and govern the MBS Trust are called the Prospectus, Prospectus Supplement and Pooling and Servicing Agreement and are filed under oath with the Securities and Exchange Commission. MBSTrust documents can be accessed on the Bloom-berg Terminal under Company Filings or the CF Screen command. Additionally, the Prospectus can be accessed online through the Edgar database or www.sec.gov or www.secinfo.com. The Trust Prospectus, Prospectus Supplement and PSA for the subject loan can be found at http://www.secinfo.com/. xxxxxThe first page of the prospectus is being shared here.

http://www.sec.gov/

http://www.secinfo.com/



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Trust Description Screens 1,2,3 The following Bloomberg Terminal screens provide a description of the MBS Trust and the Classes or Tranches within the MBS Trust and can be accessed using the DES screen command. Each Class/Tranche is a separate security available for investment. There are three pages to describe the Class within the Trust and they are shared here: DES Page One provides the Trust’s name, the issuer, the series, the Trustee, Original Balance, Current Balance, payment dates and rates of return for the Trust as a whole.



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DES Page Two provides the number of loans in the Class or Tranche and the Original and Current Bal-ance in the group

DES Page Three provides the collateral and underwriting principals and the credit enhancement for the Trust.



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Trust Classes/Tranches with CUSIPS

The Bloomberg Terminal provides a list of all Classes/Tranches within the MBS Trust. Each of these Classes is identified with a CUSIP and each is a traded security. The VAC screen command allows the user to View All Classes see the Original and Current Balance for each Classes and which have been paid off. Payments are made by many methods, through credit default swaps, mortgage insurance or government programs, and normal waterfall payments described in the Trust Prospectus.



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Remittance Report The following screen shows the first page of the Remittance Report which is filed by the MBS Trust on a monthly basis. If the loan is in foreclosure, bankruptcy, or being modified, it will often appear in the Remit-tance Report. Finding the subject loan and matching the loan parameters is further proof that the loan exists within the Trust. The subject loan is found in the Remittance Report screen, below.



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BLOOMBERG TERMINAL AFFIDAVIT I, TGA Auditor, with personal knowledge of matters set forth herein, one of the people of Oregon, in correct public capacity, being of majority in age, competent to testify with clean hands declares and verifies that the facts stated herein are true, correct, and complete in all material fact, not misrepresented and made under the penalties of perjury of the laws of the United States of American and Oregon, except as to those matters that are therein made upon information and belief, and as to those claims or facts, the undersigned believes them to be true and admissible as evidence in court of law, and if called upon as a witness, I will testify to the veracity of my statements:

1. I, TGA auditor, use the Bloomberg Professional Service, and I am a licensed subscriber.

I have undergone the recommended training, and I voluntarily engaged in continuing

education to stay abreast of the latest developments in the service. I have the requisite

knowledge and the trained ability to navigate and perform effective searches on the

Bloomberg Terminal.

2. I am also a certified Mortgage Securitization Auditor, and I have the requisite knowledge

and trained ability to review the information on the Bloomberg Terminal regarding the

analysis of mortgage loans and the subsequent loan-related documents.

3. I am a licensed Mortgage Professional (NMLS #: 116407) and have over 10 years of

experience in Mortgage Loan production. I am qualified to understand all laws, statues,

and requirements in each stage of mortgage loan creation, including origination,

securitization, servicing, and foreclosure.

4. The contents of this affidavit are factual, but it is provided for informational purposes only

and is not to be construed as legal advice.

5. On 10/3/2011, I researched the Bloomberg database at the request of the client for the

above mentioned subject property.

6. I hereby certify that all of the following is true and correct, and the same was obtained by

my investigation into this matter.

7. Based on the information I received from the client, the homeowner signed a Note in

favor of Alternative Financing Corporation, a California Corporation which was

securitized into a trust known as Bear Stearns ARM Trust 2007-2.

8. The Original Loan Number found on the Note was 0010500798. The Servicer used the

Loan Number 130758734. The Servicer’s Loan Number 0130758734 was found within

Bear Stearns ARM Trust 2007-2, and is confirmed in the Trust through matching

information in Item #9 below.

9. The basis of the identification is based on the following factors/information from the

Trust that corresponds exactly with the home owner’s loan documents



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a. Original Amount: $400,000

b. Loan Terms: 7.5%

c. Property State: CA

d. Property Type: Single Family

e. Zip Code: 91911

10. I have found Loan Number 0130758734 to be in the Trust, which accounts for 15 of the

15 classes of Trust. These Classes represent the sections that the Trust is divided into.

Individuals invest in these Classes based on their desired maturities. The Trust pays

interest, usually monthly, to investors and principal payments are paid out in the order of

the maturity.

11. Below are the classes the Trust divided into and their CUSIP number, a 9-character

alphanumeric code identifying any North American security for the purpose of facilitating

clearing and settlement or trades.

12. I am attaching the following documents as proof of the mortgage research for this

affidavit.

a. Trust Prospectus

b. Latest Trust Remittance report which may or may not list the subject loan

Sample Bloomberg Audit- Bob Ramers

Documents

Transcript of Sample Bloomberg Audit- Bob Ramers