CREW: FEC: John Ensign FEC Complaint: 7/17/2009 - Supplement to FEC Complaint
Schedule i to the Complaint to The
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8/14/2019 Schedule i to the Complaint to The
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SCHEDULE
I
TO THE COMPLAINT
To the
extent
that
this Schedule
s incorporated
by reference
nto allegations
n
the
complaint,
those
allegationsare
made against
DefendantsCredit
Suisseand
CSFB
Mortgage
Securities.
36.
Details of Trust
and Certificate.
(a)
Dealer
that sold the certificate
to the
Bank:
Credit
Suisse.
(b)
Description of the
trust: Adjustable
Rate Mortgage-Backed
Pass-Through
Certificates, Series
2007
I
was a securitization
n February 2007 of
4,345 mortgage
oans, n five
groups.
The mortgage
oans n loan
group
5
(from
which the
Bank's certificate
was to
be
paid)
were originated by Credit
Suisse
Financial
Corporation
(flnla
Credit Suisse
First Boston
Financial
Corporation) and
DLJ Mortgage
Capital,
Inc.
Credit
SuisseFinancial Corporation
originated
35.8%
and DLJ Mortgage
Capital, nc. originated32.74%
of the mortgage
oans n loan
group
5
of this securitization.
A true copy of
the
prospectus
supplement
or
this
securitization s available at
http://www.sec.gov/Archives/edgarldata/t390414/0000891092070007371e26061_424b5.txt.
(c)
Description
of the certificote that the
Bank
purchased
in
this securitization: Credit
Suisseoffered and sold to the Bank a senior certificate in this securit ization, n tranche 5-A-3-1,
for which the Bank
paid
$85,000,000
lus
accrued
nterest
on February
28,2007.
47. Evidence
of
untrue or misleading statements
bout
the
LTVs and CLTVs of the mortgage
loans
in the collateral
pool
of
this
securitization specifically.
Since
he date of this securitization,659
of the 4,345 mortgage oans n the collateral
pool
have been oreclosed
upon. Those 659
properties
were sold for a total of approximately
$144,121,999
n foreclosure.
The total value ascribed o those same
properties
n
the
LTV
data
reported n
the
prospectus
supplementand other documentsCredit Suisse
sent o the Bank was
9263,075,368.
Thus, those
properties
were
sold
for 54.8% of the value ascribed o them, a
difference of
45.2%r. nalysis of data
n
an
industry-standard
atabase f securitized
mortgage
loans shows hat the differencesbetween
he values ascribed o these
properties
and the
prices
at
which the
properties
were sold
in foreclosureare significantly
greater
han the
declines n house
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SCHEDULES
TO
COMPLAINT
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prices
n the same
geographical
areasover the same
periods
(that
is,
between
he making of each
mortgage oan
and the corresponding
oreclosure sale).
61. Untrue
or misleading statements bout he underwriting
guidelines
of the
originator of the
mortgage oans n the
collateral
pool
of
this
securitization and about the extent of
its
compliancewith those
guidelines.
In the
prospectus
supplement,Credit Suissemade statements bout he underwriting
guidelines
of Credit Suisse
Financial Corporation, which originated 35.\yo of the mortgage
oans
in loan
group
5 of this securitization.
All of those statements re ncorporated
herein by reference.
One
of thesestatements
was
that:
[E]xceptions
to the underwriting
standards escribed
herein
are
made n the
event
hat compensating
actors
are demonstrated y
a
prospective
borower.
In the
prospectus
supplement,Credit Suisse
made statements bout he underwiting
guidelines
of DLJ Mortgage Capital,Inc., which originated 32.74% of the
mortgage oans n loan
group
5 of
this
securitization.
All of those statements re ncorporatedherein by reference.
One of thesestatements
was
that:
[E]xceptions
to the underwriting standardsdescribed
herein
are
made n the event that compensating
actors
are demonstrated y
prospective
borrower.
--2--
SCHEDT]LES
TO
COMPLAINT