10-D 1 fld07001_10d-200706.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-D ASSET-BACKED ISSUER DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the monthly distribution period from: May 26, 2007 to June 25, 2007 Commission File Number of issuing entity: 333-125910-04 Fieldstone Mortgage Investment Trust, Series 2007-1 (Exact name of issuing entity as specified in its charter) Commission File Number of depositor: 333-125910 Fieldstone Mortgage Investment Corporation (Exact name of depositor as specified in its charter) Fieldstone Investment Corporation (Exact name of sponsor as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization of the issuing entity) N/A (I.R.S. Employer Identification No.) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices of the issuing entity) (Zip Code) (410) 884-2000 (Telephone number, including area code) Not Applicable (Former name, former address, if changed since last report) Registered/reporting pursuant to (check one) Title of Section Section Section Name of Exchange Class 12(b) 12(g) 15(d) (If Section 12(b)) 1A _____ _____ __X___ ____________ 2A1 _____ _____ __X___ ____________ 2A2 _____ _____ __X___ ____________ 2A3 _____ _____ __X___ ____________ M1 _____ _____ __X___ ____________ M2 _____ _____ __X___ ____________ M3 _____ _____ __X___ ____________ M4 _____ _____ __X___ ____________ M5 _____ _____ __X___ ____________ M6 _____ _____ __X___ ____________ M7 _____ _____ __X___ ____________ M8 _____ _____ __X___ ____________ M9 _____ _____ __X___ ____________ M10 _____ _____ __X___ ____________ OC _____ _____ __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 ____ Part I - DISTRIBUTION INFORMATION Item 1. Distribution and Pool Performance Information On June 25, 2007 a distribution was made to holders of Fieldstone Mortgage Investment Trust, Series 2007-1. The distribution report is attached as an Exhibit to this Form 10-D. Please see Item 9(b), Exhibit 99.1 for the related information. Part II - OTHER INFORMATION Item 9. Exhibits. (a) The following is a list of documents filed as part of this Report on Form 10-D: (99.1) Monthly report distributed to holders of Fieldstone Mortgage Investment Trust, Series 2007-1, relating to the June 25, 2007 distribution. (b) The exhibits required to be filed by the Registrant pursuant to this Form are listed above and in the Exhibit Index that immediately follows the signature page hereof. SIGNATURES Pursuant to the requirements 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. Fieldstone Mortgage Investment Corporation (Depositor) /s/ John Kendall John Kendall, Executive Vice President Date: July 6, 2007 EXHIBIT INDEX Exhibit Number Description EX-99.1 Monthly report distributed to holders of Fieldstone Mortgage Investment Trust, Series 2007-1, relating to the June 25, 2007 distribution. EX-99.1 Fieldstone Mortgage Investment Trust Mortgage-Backed Notes Distribution Date: 6/25/2007 Fieldstone Mortgage Investment Trust Mortgage-Backed Notes Series 2007-1 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660

Certificateholder Distribution Summary Class CUSIP Record Certificate Beginning Interest Date Pass-Through Certificate Distribution Rate Balance 1A 31659YAA2 0506/2422/2007 5.57750% ~~124~~121,~~711~~755,~~000~~131.0048 ~~830~~584,~~826~~771.4130 2A1 31659YAB0 0506/2422/2007 5.43000% 9289,~~056~~897,~~000~~599.0096 ~~597~~420,~~059~~346.8719 2A2 31659YAC8 0506/2422/2007 5.59000% 50,000,000.00 ~~333~~240,~~847~~680.2256 2A3 31659YAD6 0506/2422/2007 5.66000% 20,763,000.00 ~~140~~101,~~369~~196.4256 M1 31659YAE4 0506/2422/2007 5.71000% 13,434,000.00 9166,~~623~~054.6123 M2 31659YAF1 0506/2422/2007 5.77000% 12,128,000.00 8360,~~585~~259.5032 M3 31659YAG9 0506/2422/2007 5.87000% 7,650,000.00 5338,~~637~~668.1363 M4 31659YAH7 0506/2422/2007 6.22000% 6,717,000.00 4935,~~903~~977.5800 M5 31659YAJ3 0506/2422/2007 6.32000% 6,158,000.00 4633,~~486~~513.0620 M6 31659YAK0 0506/2422/2007 6.82000% 5,597,000.00 4532,~~593~~869.7894 M7 31659YAL8 0506/2422/2007 7.57000% 5,785,000.00 5237,~~307~~710.6517 M8 31659YAM6 0506/2422/2007 7.57000% 5,224,000.00 4734,~~235~~053.1222 M9 31659YAN4 0506/2422/2007 7.57000% 3,918,000.00 3525,~~426~~539.3492 M10 31659YAP9 0405/1231/2007 7.00000% 4,105,000.00 23,945.83 OC FLD0701OC 0405/1231/2007 0.00000% ~~14,927,173~~0.6100 76746,~~521~~694.3958 Totals ~~373~~353,~~173~~131,~~173~~731.6144 2,~~508~~482,~~368~~280.9165

Certificateholder Distribution Summary (continued) Class Principal Current Ending Total Cumulative Distribution Realized Certificate Distribution Realized Loss Balance Losses 1A 21,~~955~~649,~~868~~154.5242 0.00 ~~121~~120,~~755~~105,~~131~~977.4806 32,~~786~~233,~~694~~925.9372 0.00 2A1 2,~~158~~860,~~400~~764.0437 0.00 8987,~~897~~036,~~599~~835.9659 23,~~755~~281,~~459~~110.9156 0.00 2A2 0.00 0.00 50,000,000.00 ~~333~~240,~~847~~680.2256 0.00 2A3 0.00 0.00 20,763,000.00 ~~140~~101,~~369~~196.4256 0.00 M1 0.00 0.00 13,434,000.00 9166,~~623~~054.6123 0.00 M2 0.00 0.00 12,128,000.00 8360,~~585~~259.5032 0.00 M3 0.00 0.00 7,650,000.00 5338,~~637~~668.1363 0.00 M4 0.00 0.00 6,717,000.00 4935,~~903~~977.5800 0.00 M5 0.00 0.00 6,158,000.00 4633,~~486~~513.0620 0.00 M6 0.00 0.00 5,597,000.00 4532,~~593~~869.7894 0.00 M7 0.00 0.00 5,785,000.00 5237,~~307~~710.6517 0.00 M8 0.00 0.00 5,224,000.00 4734,~~235~~053.1222 0.00 M9 0.00 0.00 3,918,000.00 3525,~~426~~539.3492 0.00 M10 0.00 0.00 4,105,000.00 23,945.83 0.00 OC 0.00 0.00 0.00 76746,~~521~~694.3958 0.00 Totals 54,~~114~~509,~~268~~918.5679 0.00 ~~353~~348,~~131~~621,~~731~~812.4465 76,~~622~~992,~~637~~199.4744 0.00 This report has been compiled from information provided to Wells Fargo Bank, N.A., by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, N.A., has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A., expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties. All Record Dates are based upon the governing documents and logic set forth as of closing.

Principal Distribution Statement Class Original Beginning Scheduled UnScheduled Accretion Face Certificate Principal Principal Amount Balance Distribution Distribution 1A 124,711,000.00 ~~124~~121,~~711~~755,~~000~~131.0048 0.00 21,~~955~~649,~~868~~154.5242 0.00 2A1 92,056,000.00 9289,~~056~~897,~~000~~599.0096 0.00 2,~~158~~860,~~400~~764.0437 0.00 2A2 50,000,000.00 50,000,000.00 0.00 0.00 0.00 2A3 20,763,000.00 20,763,000.00 0.00 0.00 0.00 M1 13,434,000.00 13,434,000.00 0.00 0.00 0.00 M2 12,128,000.00 12,128,000.00 0.00 0.00 0.00 M3 7,650,000.00 7,650,000.00 0.00 0.00 0.00 M4 6,717,000.00 6,717,000.00 0.00 0.00 0.00 M5 6,158,000.00 6,158,000.00 0.00 0.00 0.00 M6 5,597,000.00 5,597,000.00 0.00 0.00 0.00 M7 5,785,000.00 5,785,000.00 0.00 0.00 0.00 M8 5,224,000.00 5,224,000.00 0.00 0.00 0.00 M9 3,918,000.00 3,918,000.00 0.00 0.00 0.00 M10 4,105,000.00 4,105,000.00 0.00 0.00 0.00 OC 14,927,173.61 ~~14,927,173~~0.6100 0.00 0.00 0.00 Totals 373,173,173.61 ~~373~~353,~~173~~131,~~173~~731.6144 0.00 54,~~114~~509,~~268~~918.5679 0.00

Principal Distribution Statement (continued) Class Realized Total Ending Ending Total Loss Principal Certificate Certificate Principal Reduction Balance Percentage Distribution 1A 0.00 21,~~955~~649,~~868~~154.5242 ~~121~~120,~~755~~105,~~131~~977.4806 0.~~97629825~~96307444 21,~~955~~649,~~868~~154.5242 2A1 0.00 2,~~158~~860,~~400~~764.0437 8987,~~897~~036,~~599~~835.9659 0.~~97655340~~94547705 2,~~158~~860,~~400~~764.0437 2A2 0.00 0.00 50,000,000.00 1.00000000 0.00 2A3 0.00 0.00 20,763,000.00 1.00000000 0.00 M1 0.00 0.00 13,434,000.00 1.00000000 0.00 M2 0.00 0.00 12,128,000.00 1.00000000 0.00 M3 0.00 0.00 7,650,000.00 1.00000000 0.00 M4 0.00 0.00 6,717,000.00 1.00000000 0.00 M5 0.00 0.00 6,158,000.00 1.00000000 0.00 M6 0.00 0.00 5,597,000.00 1.00000000 0.00 M7 0.00 0.00 5,785,000.00 1.00000000 0.00 M8 0.00 0.00 5,224,000.00 1.00000000 0.00 M9 0.00 0.00 3,918,000.00 1.00000000 0.00 M10 0.00 0.00 4,105,000.00 1.00000000 0.00 OC 0.00 0.00 0.00 0.00000000 0.00 Totals $0.00 54,~~114~~509,~~268~~918.5679 ~~353~~348,~~131~~621,~~731~~812.4465 0.~~94629453~~93420920 54,~~114~~509,~~268~~918.5679

Principal Distribution Factors Statement Class Original Beginning Scheduled UnScheduled Accretion Face Certificate Principal Principal Amount Balance Distribution Distribution 1A 124,711,000.00 ~~1000~~976.~~00000000~~29825340 0.00000000 2313.~~70174660~~22380881 0.00000000 2A1 92,056,000.00 ~~1000~~976.~~00000000~~55340184 0.00000000 2331.~~44659816~~07634885 0.00000000 2A2 50,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2A3 20,763,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 13,434,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 12,128,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 7,650,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 6,717,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 6,158,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 5,597,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M7 5,785,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M8 5,224,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M9 3,918,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M10 4,105,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 OC 14,927,173.61 ~~1000~~0.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Class Realized Total Ending Ending Total Loss Principal Certificate Certificate Principal Reduction Balance Percentage Distribution 1A 0.00000000 2313.~~70174660~~22380881 ~~976~~963.~~29825340~~07444460 0.~~97629825~~96307444 2313.~~70174660~~22380881 2A1 0.00000000 2331.~~44659816~~07634885 ~~976~~945.~~55340184~~47705299 0.~~97655340~~94547705 2331.~~44659816~~07634885 2A2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 2A3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M7 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M8 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M9 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M10 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 OC 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 NOTE: All classes per $1,000 denomination.

Interest Distribution Statement Class Accrual Accrual Current Beginning Current Payment of Dates Days Certificate Certificate/ Accrued Unpaid Interest Rate Notional Interest Shortfall (1) Balance 1A 0405/1225/07 - 0506/24/07 4331 5.57750% ~~124~~121,~~711~~755,~~000~~131.0048 ~~830~~584,~~826~~771.4130 0.00 2A1 0405/1225/07 - 0506/24/07 4331 5.43000% 9289,~~056~~897,~~000~~599.0096 ~~597~~420,~~059~~346.8719 0.00 2A2 0405/1225/07 - 0506/24/07 4331 5.59000% 50,000,000.00 ~~333~~240,~~847~~680.2256 0.00 2A3 0405/1225/07 - 0506/24/07 4331 5.66000% 20,763,000.00 ~~140~~101,~~369~~196.4256 ~~1,414~~0.5800 M1 0405/1225/07 - 0506/24/07 4331 5.71000% 13,434,000.00 9166,~~623~~054.6123 ~~1,717~~0.5600 M2 0405/1225/07 - 0506/24/07 4331 5.77000% 12,128,000.00 8360,~~585~~259.5032 ~~2,419~~0.7600 M3 0405/1225/07 - 0506/24/07 4331 5.87000% 7,650,000.00 5338,~~637~~668.1363 ~~2,440~~0.0700 M4 0405/1225/07 - 0506/24/07 4331 6.22000% 6,717,000.00 4935,~~903~~977.5800 ~~4,950~~0.5500 M5 0405/1225/07 - 0506/24/07 4331 6.32000% 6,158,000.00 4633,~~486~~513.0620 ~~5,274~~0.1000 M6 0405/1225/07 - 0506/24/07 4331 6.82000% 5,597,000.00 4532,~~593~~869.7894 ~~8,136~~0.2800 M7 0405/1225/07 - 0506/24/07 4331 7.57000% 5,785,000.00 5237,~~307~~710.6517 ~~13,591~~0.9600 M8 0405/1225/07 - 0506/24/07 4331 7.57000% 5,224,000.00 4734,~~235~~053.1222 ~~12,273~~0.8800 M9 0405/1225/07 - 0506/24/07 4331 7.57000% 3,918,000.00 3525,~~426~~539.3492 ~~9,205~~0.4100 M10 0405/01/07 - 0405/30/07 30 7.00000% 4,105,000.00 23,945.83 0.00 OC N/A N/A 0.00000% ~~14,927,173~~0.6100 0.00 0.00 Totals 21,~~431~~735,~~847~~586.5207 ~~61,424~~0.1500

Interest Distribution Statement (continued) Class Current Non-Supported Total Remaining Ending Interest Interest Interest Unpaid Interest Certificate/ Shortfall(1) Shortfall Distribution Shortfall(1) Notional Balance 1A 0.00 0.00 ~~830~~584,~~826~~771.4130 0.00 ~~121~~120,~~755~~105,~~131~~977.4806 2A1 0.00 0.00 ~~597~~420,~~059~~346.8719 0.00 8987,~~897~~036,~~599~~835.9659 2A2 0.00 0.00 ~~333~~240,~~847~~680.2256 0.00 50,000,000.00 2A3 ~~1,414~~0.5800 0.00 ~~140~~101,~~369~~196.4256 0.00 20,763,000.00 M1 ~~1,717~~0.5600 0.00 9166,~~623~~054.6123 0.00 13,434,000.00 M2 ~~2,419~~0.7600 0.00 8360,~~585~~259.5032 0.00 12,128,000.00 M3 ~~2,440~~0.0700 0.00 5338,~~637~~668.1363 0.00 7,650,000.00 M4 ~~4,950~~0.5500 0.00 4935,~~903~~977.5800 0.00 6,717,000.00 M5 ~~5,274~~0.1000 0.00 4633,~~486~~513.0620 0.00 6,158,000.00 M6 ~~8,136~~0.2800 0.00 4532,~~593~~869.7894 0.00 5,597,000.00 M7 ~~13,591~~0.9600 0.00 5237,~~307~~710.6517 0.00 5,785,000.00 M8 ~~12,273~~0.8800 0.00 4734,~~235~~053.1222 0.00 5,224,000.00 M9 ~~9,205~~0.4100 0.00 3525,~~426~~539.3492 0.00 3,918,000.00 M10 0.00 0.00 23,945.83 0.00 4,105,000.00 OC 0.00 0.00 76746,~~521~~694.3958 0.00 0.00 Totals ~~61,424~~0.1500 0.00 2,~~508~~482,~~368~~280.9165 0.00 (1) Amount also includes Coupon Cap or Basis Risk Shortfalls, if applicable.

Interest Distribution Factors Statement Class Original Current Beginning Current Payment of Face Certificate Certificate/ Accrued Unpaid Interest Amount Rate Notional Interest Shortfall (1) Balance 1A 124,711,000.00 5.57750% ~~1000~~976.~~00000000~~29825340 64.~~66201386~~68901139 0.00000000 2A1 92,056,000.00 5.43000% ~~1000~~976.~~00000000~~55340184 64.~~48583330~~56620090 0.00000000 2A2 50,000,000.00 5.59000% 1000.00000000 64.~~67694440~~81361120 0.00000000 2A3 20,763,000.00 5.66000% 1000.00000000 64.~~76055580~~87388913 0.~~06812985~~00000000 M1 13,434,000.00 5.71000% 1000.00000000 64.~~82027765~~91694432 0.~~12785172~~00000000 M2 12,128,000.00 5.77000% 1000.00000000 64.~~89194426~~96861148 0.~~19951847~~00000000 M3 7,650,000.00 5.87000% 1000.00000000 75.~~01138954~~05472288 0.~~31896340~~00000000 M4 6,717,000.00 6.22000% 1000.00000000 75.~~42944469~~35611136 0.~~73701801~~00000000 M5 6,158,000.00 6.32000% 1000.00000000 75.~~54888925~~44222150 0.~~85646314~~00000000 M6 5,597,000.00 6.82000% 1000.00000000 85.~~14611042~~87277827 10.~~45368590~~00000000 M7 5,785,000.00 7.57000% 1000.00000000 96.~~04194468~~51861193 20.~~34951772~~00000000 M8 5,224,000.00 7.57000% 1000.00000000 96.~~04194487~~51861026 20.~~34951761~~00000000 M9 3,918,000.00 7.57000% 1000.00000000 96.~~04194487~~51861154 20.~~34951761~~00000000 M10 4,105,000.00 7.00000% 1000.00000000 5.83333252 0.00000000 OC 14,927,173.61 0.00000% ~~1000~~0.00000000 0.00000000 0.00000000

Interest Distribution Factors Statement (continued) Class Current Non-Supported Total Remaining Unpaid Ending Interest Interest Interest Interest Certificate/ Shortfall(1) Shortfall Distribution Shortfall(1) Notional Balance 1A 0.00000000 0.00000000 64.~~66201386~~68901139 0.00000000 ~~976~~963.~~29825340~~07444460 2A1 0.00000000 0.00000000 64.~~48583330~~56620090 0.00000000 ~~976~~945.~~55340184~~47705299 2A2 0.00000000 0.00000000 64.~~67694440~~81361120 0.00000000 1000.00000000 2A3 0.~~06812985~~00000000 0.00000000 64.~~76055580~~87388913 0.00000000 1000.00000000 M1 0.~~12785172~~00000000 0.00000000 64.~~82027765~~91694432 0.00000000 1000.00000000 M2 0.~~19951847~~00000000 0.00000000 64.~~89194426~~96861148 0.00000000 1000.00000000 M3 0.~~31896340~~00000000 0.00000000 75.~~01138954~~05472288 0.00000000 1000.00000000 M4 0.~~73701801~~00000000 0.00000000 75.~~42944469~~35611136 0.00000000 1000.00000000 M5 0.~~85646314~~00000000 0.00000000 75.~~54888925~~44222150 0.00000000 1000.00000000 M6 10.~~45368590~~00000000 0.00000000 85.~~14611042~~87277827 0.00000000 1000.00000000 M7 20.~~34951772~~00000000 0.00000000 96.~~04194468~~51861193 0.00000000 1000.00000000 M8 20.~~34951761~~00000000 0.00000000 96.~~04194487~~51861026 0.00000000 1000.00000000 M9 20.~~34951761~~00000000 0.00000000 96.~~04194487~~51861154 0.00000000 1000.00000000 M10 0.00000000 0.00000000 5.83333252 0.00000000 1000.00000000 OC 0.00000000 0.00000000 550.~~12631473~~02250255 0.00000000 0.00000000 (1) Amount also includes Coupon Cap or Basis Risk Shortfalls, if applicable. NOTE: All classes per $1,000 denomination.

Certificateholder Account Statement CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 76,~~338~~979,~~139~~464.7814 Reserve Funds and Credit Enhancements 0.00 Proceeds from Repurchased Loans 0.00 Servicer Advances ~~312~~323,~~880~~583.2248 Gains & Subsequent Recoveries (Realized Losses) 0.00 Prepayment Penalties 1836,~~851~~453.1675 Swap/Cap Payments ~~110~~121,~~587~~236.4643 Total Deposits 7,~~780~~460,~~458~~737.6280 Withdrawals Swap Payments 0.00 Reserve Funds and Credit Enhancements 0.00 Reimbursement for Servicer Advances 0312,880.0022 Total Administration Fees ~~157~~155,~~821~~658.1514 Payment of Interest and Principal 76,~~622~~992,~~637~~199.4744 Total Withdrawals (Pool Distribution Amount) 7,~~780~~460,~~458~~737.6280 Ending Balance 0.00 Servicer Advances are calculated as delinquent scheduled principal and interest.

ADMINISTRATION FEES Gross Servicing Fee* ~~155~~153,~~488~~357.8277 Trust Administrator Fee- Wells Fargo Bank, N.A. 2,~~332~~300.3337 Supported Prepayment/Curtailment Interest Shortfall 0.00 Total Administration Fees ~~157~~155,~~821~~658.1514 *Servicer Payees include: LITTON LOAN SERVICING

Reserve and Guaranty Funds Account Name Beginning Current Current Ending Balance Withdrawals Deposits Balance Basis Risk Reserve Fund 0.00 ~~27,358~~0.0900 ~~27,358~~0.0900 0.00 Interest Rate Swap Reserve Fund 0.00 ~~110~~121,~~587~~236.4643 ~~110~~121,~~587~~236.4643 0.00 Hedge Funds Account Name Funds In (A) Funds Out(B) Net Amount(A - B) Interest Rate Swap- JPMorgan Chase 21,~~028~~426,~~707~~127.9078 1,~~918~~304,~~120~~891.4435 ~~110~~121,~~587~~236.4643

Collateral Statement Group 1A 1B Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 8.~~500692~~872067 8.~~000007~~122875 Weighted Average Net Rate 8.~~000692~~372067 7.~~500007~~622875 Weighted Average Pass-Through Rate 78.~~993192~~364567 7.~~492507~~615375 Weighted Average Remaining Term ~~358~~375 ~~358~~348 Principal And Interest Constant 1584,~~214,038~~944.5156 1604,~~475,149~~395.9841 Beginning Loan Count ~~500~~484 ~~562~~558 Loans Paid in Full 2010 122 Ending Loan Count ~~1,042~~474 ~~1,003~~556 Beginning Scheduled Balance 7775,~~921~~852,~~467~~019.5981 83,~~935~~048,~~142~~579.5123 Ending Scheduled Balance ~~158~~74,~~900~~358,~~599~~983.0481 ~~209~~82,~~158~~892,~~059~~460.3481 Actual Ending Collateral Balance ~~158~~74,~~900~~358,~~599~~983.0481 ~~209~~82,~~158~~892,~~059~~460.3481 Scheduled Principal 6724,~~460~~141.8005 6642,~~371~~234.7040 Unscheduled Principal 21,~~888~~468,~~550~~894.2795 2113,~~092,132~~884.4302 Negative Amortized Principal 0.00 0.00 Scheduled Interest 1560,~~146,577~~803.7151 1562,~~408,778~~161.2801 Servicing Fees 6731,~~440~~605.2601 8834,~~048~~603.5657 Master Servicing Fees 0.00 0.00 Trustee Fee ~~1,011~~474.6008 ~~1,320~~519.7305 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 1528,~~078,125~~724.8542 1527,~~319,408~~038.9939 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalty Waived Amount 0.00 0.00 Prepayment Penalty Waived Count 0 0 Prepayment Penalty Paid Amount 31,~~996~~397.5128 ~~13,505~~0.7700 Prepayment Penalty Paid Count 1 20 Special Servicing Fee 0.00 0.00

Collateral Statement Group 2A 2B Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.~~981837~~977463 8.~~018842~~015623 Weighted Average Net Rate 7.~~481837~~477463 7.~~518842~~515623 Weighted Average Pass-Through Rate 7.~~474337~~469963 7.~~511342~~508123 Weighted Average Remaining Term ~~358~~366 ~~358~~332 Principal And Interest Constant ~~728~~717,~~490~~887.9182 ~~746~~742,~~659~~031.0742 Beginning Loan Count ~~335~~330 ~~680~~673 Loans Paid in Full 5 76 Ending Loan Count ~~330~~325 ~~673~~667 Beginning Scheduled Balance ~~107~~106,~~556~~052,~~034~~037.0731 103,~~760~~106,~~529~~022.4403 Ending Scheduled Balance ~~106~~104,~~052~~318,~~037~~210.3146 ~~103~~101,~~106~~979,~~022~~084.0351 Actual Ending Collateral Balance ~~106~~104,~~052~~318,~~037~~210.3146 ~~103~~101,~~106~~979,~~022~~084.0351 Scheduled Principal 1312,~~078~~865.6795 53,~~293~~315.0357 Unscheduled Principal 1,~~490~~720,~~918~~960.0890 ~~601~~1,~~214~~073,621.3595 Negative Amortized Principal 0.00 0.00 Scheduled Interest ~~715~~705,~~412~~021.2487 ~~693~~688,~~366~~715.0485 Servicing Fees 44,~~815~~188.0135 4342,~~233~~960.5584 Master Servicing Fees 0.00 0.00 Trustee Fee ~~672~~662.2383 ~~648~~644.5041 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest ~~669~~660,~~925~~170.0069 ~~649~~645,~~483~~110.9960 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalty Waived Amount 0.00 0.00 Prepayment Penalty Waived Count 0 0 Prepayment Penalty Paid Amount 35,056.47 0.00 ~~1,348.88~~ Prepayment Penalty Paid Count 3 0 1 Special Servicing Fee 0.00 0.00

Collateral Statement Group Total Collateral Description Fixed & Mixed ARM Weighted Average Coupon Rate 8.~~217169~~205330 Weighted Average Net Rate 7.~~717169~~705330 Weighted Average Pass-Through Rate 7.~~709669~~697830 Weighted Average Remaining Term ~~355~~354 Principal And Interest Constant 2,~~689~~649,~~188~~259.4921 Beginning Loan Count 2,~~077~~045 Loans Paid in Full 3223 Ending Loan Count 2,~~045~~022 Beginning Scheduled Balance ~~373~~368,~~173~~058,~~173~~658.6138 Ending Scheduled Balance ~~368~~363,~~058~~548,~~658~~739.3859 Actual Ending Collateral Balance ~~368~~363,~~058~~548,~~658~~739.3859 Scheduled Principal ~~133~~132,~~832~~556.5097 Unscheduled Principal 4,~~980~~377,~~682~~361.7082 Negative Amortized Principal 0.00 Scheduled Interest 2,~~555~~516,~~355~~702.9924 Servicing Fees ~~155~~153,~~488~~357.8277 Master Servicing Fees 0.00 Trustee Fee 2,~~332~~300.3337 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 2,~~397~~361,~~534~~044.8410 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalty Waived Amount 0.00 Prepayment Penalty Waived Count 0 Prepayment Penalty Paid Amount 1836,~~851~~453.1675 Prepayment Penalty Paid Count 4 Special Servicing Fee 0.00

Additional Reporting - Deal Level Cash Reporting ~~Prepayment Premiums 0.00~~ Monthly Excess Cashflow 27625,~~111~~458.4516 Informational Reporting Available Funds Rate 57.~~602961~~764405% ~~Accrual Period 43~~ Libor 5.320000% Senior Enhancement % 23.~~268825~~557481% Structural Reporting Overcollateralization ~~Increase 0.00 Overcollateralization Floor 1,865,865.87 Overcollateralization~~ Amount 14,926,926.94 Overcollateralization ~~Release 246.64 Overcollateralization~~ Deficiency 0.00 Target Overcollateralization Amount 14,926,926.94 Trigger Event Reporting Stepup Date NO Stepdown Date NO Trigger Event Pass Cumulative Loss Trigger Trigger Result Pass Calculated Value 0.000000% Threshold Value 1.400000% Delinquency Trigger Trigger Result Pass Calculated Value 0.~~109869~~657512% Threshold Value 78.~~998068~~109186% NOTE: A Trigger Event cannot come into effect until Stepdown Date has occured.

Delinquency Status - OTS Delinquency Calculation Method DELINQUENT BANKRUPTCY FORECLOSURE REO Total No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1858 0 0 0 1858 311,~~693~~271,~~173~~683.7208 0.00 0.00 0.00 311,~~693~~271,~~173~~683.7208 60 Days 19 0 0 0 19 ~~410~~2,~~000~~420,028.0030 0.00 0.00 0.00 ~~410~~2,~~000~~420,028.0030 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1967 0 0 0 1967 413,~~103~~691,~~173~~711.7238 0.00 0.00 0.00 413,~~103~~691,~~173~~711.7238 No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~880196~~868447% 0.000000% 0.000000% 0.000000% 02.~~880196~~868447% 13.~~003420~~100460% 0.000000% 0.000000% 0.000000% 13.~~003420~~100460% 60 Days 0.~~048900~~445104% 0.000000% 0.000000% 0.000000% 0.~~048900~~445104% 0.~~111395~~665668% 0.000000% 0.000000% 0.000000% 0.~~111395~~665668% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 03.~~929095~~313551% 0.000000% 0.000000% 0.000000% 03.~~929095~~313551% 13.~~114815~~766128% 0.000000% 0.000000% 0.000000% 13.~~114815~~766128% Please refer to CTSLink.com for a list of delinquency code descriptions.

Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~312~~323,~~880~~583.2248

Delinquency Status By Group DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1A - OTS No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1520 0 0 0 1520 2,~~776~~529,~~294~~785.8565 0.00 0.00 0.00 2,~~776~~529,~~294~~785.8565 60 Days 16 0 0 0 16 ~~410~~1,~~000~~586,559.0030 0.00 0.00 0.00 ~~410~~1,~~000~~586,559.0030 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1626 0 0 0 1626 34,~~186~~116,~~294~~344.8595 0.00 0.00 0.00 34,~~186~~116,~~294~~344.8595 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 14.~~439539~~219409% 0.000000% 0.000000% 0.000000% 14.~~439539~~219409% 13.~~747190~~402125% 0.000000% 0.000000% 0.000000% 13.~~747190~~402125% 60 Days 01.~~095969~~265823% 0.000000% 0.000000% 0.000000% 01.~~095969~~265823% 02.~~258023~~133648% 0.000000% 0.000000% 0.000000% 02.~~258023~~133648% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 15.~~535509~~485232% 0.000000% 0.000000% 0.000000% 15.~~535509~~485232% 25.~~005213~~535774% 0.000000% 0.000000% 0.000000% 25.~~005213~~535774% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1B - OTS No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 313 0 0 0 313 ~~916~~1,~~878~~832,177.8748 0.00 0.00 0.00 ~~916~~1,~~878~~832,177.8748 60 Days 02 0 0 0 02 0313,650.00 0.00 0.00 0.00 0313,650.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 315 0 0 0 315 ~~916~~2,~~878~~145,827.8748 0.00 0.00 0.00 ~~916~~2,~~878~~145,827.8748 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~299103~~338129% 0.000000% 0.000000% 0.000000% 02.~~299103~~338129% 02.~~438367~~210307% 0.000000% 0.000000% 0.000000% 02.~~438367~~210307% 60 Days 0.~~000000~~359712% 0.000000% 0.000000% 0.000000% 0.~~000000~~359712% 0.~~000000~~378382% 0.000000% 0.000000% 0.000000% 0.~~000000~~378382% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 02.~~299103~~697842% 0.000000% 0.000000% 0.000000% 02.~~299103~~697842% 02.~~438367~~588688% 0.000000% 0.000000% 0.000000% 02.~~438367~~588688% Please refer to CTSLink.com for a list of delinquency code descriptions. DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2A - OTS No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 214 0 0 0 214 ~~632~~5,~~279~~270,053.4909 0.00 0.00 0.00 ~~632~~5,~~279~~270,053.4909 60 Days 01 0 0 0 01 0519,819.00 0.00 0.00 0.00 0519,819.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 215 0 0 0 215 ~~632~~5,~~279~~789,872.4909 0.00 0.00 0.00 ~~632~~5,~~279~~789,872.4909 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 04.~~606061~~307692% 0.000000% 0.000000% 0.000000% 04.~~606061~~307692% 05.~~596197~~051901% 0.000000% 0.000000% 0.000000% 05.~~596197~~051901% 60 Days 0.~~000000~~307692% 0.000000% 0.000000% 0.000000% 0.~~000000~~307692% 0.~~000000~~498301% 0.000000% 0.000000% 0.000000% 0.~~000000~~498301% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 04.~~606061~~615385% 0.000000% 0.000000% 0.000000% 04.~~606061~~615385% 05.~~596197~~550203% 0.000000% 0.000000% 0.000000% 05.~~596197~~550203% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2B - OTS No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 111 0 0 0 111 ~~284~~1,~~599~~639,666.3886 0.00 0.00 0.00 ~~284~~1,~~599~~639,666.3886 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 111 0 0 0 111 ~~284~~1,~~599~~639,666.3886 0.00 0.00 0.00 ~~284~~1,~~599~~639,666.3886 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~148588~~649175% 0.000000% 0.000000% 0.000000% 01.~~148588~~649175% 01.~~276026~~607846% 0.000000% 0.000000% 0.000000% 01.~~276026~~607846% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~148588~~649175% 0.000000% 0.000000% 0.000000% 01.~~148588~~649175% 01.~~276026~~607846% 0.000000% 0.000000% 0.000000% 01.~~276026~~607846% Please refer to CTSLink.com for a list of delinquency code descriptions.

REO Detail - All Mortgage Loans in REO during Current Period Summary - No REO Information to report this period. ~~Group~~1A 5- No REO Information to report this period. 1B - No REO Information to report this period. ~~Group~~2A 6- No REO Information to report this period. 2B - No REO Information to report this period.

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period Summary - No Foreclosure Information to report this period. ~~Group~~1A 5- No Foreclosure Information to report this period. 1B - No Foreclosure Information to report this period. ~~Group~~2A 6- No Foreclosure Information to report this period. 2B - No Foreclosure Information to report this period.

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period Summary - No Bankruptcy Information to report this period. ~~Group~~1A 5- No Bankruptcy Information to report this period. 1B - No Bankruptcy Information to report this period. ~~Group~~2A 6- No Bankruptcy Information to report this period. 2B - No Bankruptcy Information to report this period.

Realized Loss Detail Report - Loans with Losses during Current Period Summary # Loans Prior Realized Current with Actual Loss/(Gain) Loss Group Losses Balance Amount Percentage ~~Group~~1A 50 0.00 0.00 0.000% 1B 0 0.00 0.00 0.000% ~~Group~~2A 60 0.00 0.00 0.000% 2B 0 0.00 0.00 0.000% Total 0 0.00 0.00 0.000%

Realized Loss Report - Collateral Summary - No Realized Loss Information to report this period. ~~Group~~1A 5- No Realized Loss Information to report this period. 1B - No Realized Loss Information to report this period. ~~Group~~2A 6- No Realized Loss Information to report this period. 2B - No Realized Loss Information to report this period. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Scheduled Balance of Liquidated Loans)/ sum(Beg Scheduled Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR / (WAS * 0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR / 0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR / (0.6 - ((WAS - 60) * 0.0095)) else if WAS is greater than 120 then CDR / 0.03 Cumulative Loss Severity: Sum (Realized Losses) / Sum (Ending Actual Balance for loans that have experienced a loss).

Prepayment Detail - Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Scheduled Principal Scheduled Group Count Balance Balance Count Balance Balance ~~Group~~1A 510 1,486,450.00 1,467,566.17 0 0.00 0.00 1B 2 111,700.00 110,687.94 0 0.00 0.00 ~~Group~~2A 65 1,717,500.00 1,715,769.59 0 0.00 0.00 2B 6 1,075,420.00 1,071,981.23 0 0.00 0.00 Total 3223 54,~~032~~391,~~790~~070.00 4,~~973~~366,~~811~~004.8793 0 0.00 0.00

Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Scheduled Principal Scheduled Curtailment Group Count Balance Balance Count Balance Balance Amount ~~Group~~1A 50 0.00 0.00 0 0.00 0.00 1,804.60 1B 0 0.00 0.00 0 0.00 ~~Group~~0.00 63,260.89 2A 0 0.00 0.00 0 0.00 0.00 5,431.63 2B 0 0.00 0.00 0 0.00 0.00 2,213.96 Total 0 0.00 0.00 0 0.00 0.00 912,~~081~~711.2408

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount No1A ~~Prepayments~~0684353619 inCO ~~full~~80.00 ~~this~~01-Oct-2003 ~~Period~~148,000.00 142,866.41 1A 1488679317 IL 90.00 01-Jan-2004 163,800.00 159,038.26 1A 1489856317 IL 90.00 01-Feb-2004 180,000.00 180,000.00 1A 2181353112 MD 61.21 01-Oct-2003 186,700.00 181,161.26 1A 2425795317 IL 100.00 01-Dec-2006 150,000.00 149,522.73 1A 4395561426 WA 77.61 01-Oct-2003 89,250.00 89,250.00 1A 4421971426 IL 85.00 01-Apr-2004 127,500.00 124,842.45 1A 4700489112 VA 70.00 01-Nov-2006 70,000.00 69,818.95 1A 8082422179 AZ 80.00 01-May-2004 159,200.00 159,020.80 1A 8685436444 KS 94.22 01-Nov-2006 212,000.00 211,569.49 1B 0684356619 CO 20.00 01-Oct-2003 37,000.00 36,224.42 1B 8685886444 IA 90.00 01-Dec-2006 74,700.00 74,398.71 2A 0598855922 CA 79.99 01-Feb-2006 296,400.00 296,400.00 2A 1488482317 IL 100.00 01-Jan-2004 126,000.00 125,999.56 2A 1511046965 CA 80.00 01-Dec-2006 408,000.00 408,000.00 2A 2424873317 IL 90.00 01-Nov-2006 467,100.00 465,229.71 2A 9099725278 CA 71.19 01-Dec-2006 420,000.00 419,900.00 2B 2425935317 IL 80.00 01-Dec-2006 368,000.00 367,447.58 2B 2426050317 IL 85.00 01-Nov-2006 325,550.00 323,848.74 2B 4487156426 IA 90.00 01-Dec-2006 100,620.00 100,170.68 2B 4700245317 IL 57.42 01-Dec-2006 120,000.00 119,474.86 2B 4701147562 GA 90.00 01-Dec-2006 99,000.00 98,485.79 2B 8685955444 KS 75.00 01-Dec-2006 62,250.00 61,980.34

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning No1A ~~Prepayments~~0684353619 Loan Paid in ~~full~~Full ~~this~~0 ~~Period~~10.875% 360 44 1A 1488679317 Loan Paid in Full 0 10.875% 360 41 1A 1489856317 Loan Paid in Full 0 10.500% 360 40 1A 2181353112 Loan Paid in Full 0 10.625% 360 44 1A 2425795317 Loan Paid in Full 0 9.990% 360 6 1A 4395561426 Loan Paid in Full 0 11.625% 360 44 1A 4421971426 Loan Paid in Full 0 11.625% 360 38 1A 4700489112 Loan Paid in Full 0 11.750% 360 7 1A 8082422179 Loan Paid in Full 0 10.250% 360 37 1A 8685436444 Loan Paid in Full 0 8.500% 480 7 1B 0684356619 Loan Paid in Full 0 10.700% 180 44 1B 8685886444 Loan Paid in Full 0 8.850% 360 6 2A 0598855922 Loan Paid in Full 0 7.450% 360 16 2A 1488482317 Loan Paid in Full 0 10.875% 360 41 2A 1511046965 Loan Paid in Full 0 7.990% 360 6 2A 2424873317 Loan Paid in Full 0 9.550% 360 7 2A 9099725278 Loan Paid in Full 0 7.850% 360 6 2B 2425935317 Loan Paid in Full 0 9.800% 360 6 2B 2426050317 Loan Paid in Full 0 8.250% 360 7 2B 4487156426 Loan Paid in Full 0 8.350% 360 6 2B 4700245317 Loan Paid in Full 0 8.450% 360 6 2B 4701147562 Loan Paid in Full 0 7.600% 360 6 2B 8685955444 Loan Paid in Full 0 8.500% 360 6

Prepayment Rates

Summary SMM CPR PSA Current Month 1.~~335~~190% Current Month 1413.~~896~~379% Current Month 792.450% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs. 12mo Average* PSA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Jul-2006 N/A N/A Jul-2006 N/A N/A Aug-2006 N/A N/A Aug-2006 N/A N/A Sep-2006 N/A N/A Sep-2006 N/A N/A Oct-2006 N/A N/A Oct-2006 N/A N/A Nov-2006 N/A N/A Nov-2006 N/A N/A Dec-2006 N/A N/A Dec-2006 N/A N/A Jan-2007 N/A N/A Jan-2007 N/A N/A Feb-2007 N/A N/A Feb-2007 N/A N/A Mar-2007 N/A N/A Mar-2007 N/A N/A Apr-2007 N/A N/A Apr-2007 N/A N/A May-2007 14.896% N/A May-2007 988.008% N/A Jun-2007 13.379% N/A Jun-2007 792.450% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 1A SMM CPR PSA Current Month 1.937% Current Month 20.922% Current Month 868.841% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs. 12mo Average* PSA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Jun~~Jul-2006 N/A N/A ~~Jun~~Jul-2006 N/A N/A Aug-2006 N/A N/A Aug-2006 N/A N/A Sep-2006 N/A N/A Sep-2006 N/A N/A Oct-2006 N/A N/A Oct-2006 N/A N/A Nov-2006 N/A N/A Nov-2006 N/A N/A Dec-2006 N/A N/A Dec-2006 N/A N/A Jan-2007 N/A N/A Jan-2007 N/A N/A Feb-2007 N/A N/A Feb-2007 N/A N/A Mar-2007 N/A N/A Mar-2007 N/A N/A Apr-2007 N/A N/A Apr-2007 N/A N/A May-2007 27.324% N/A May-2007 1,197.706% N/A Jun-2007 20.922% N/A Jun-2007 868.841% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 1B SMM CPR PSA Current Month 0.137% Current Month 1.634% Current Month 109.650% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs. 12mo Average* PSA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Jul-2006 N/A N/A Jul-2006 N/A N/A Aug-2006 N/A N/A Aug-2006 N/A N/A Sep-2006 N/A N/A Sep-2006 N/A N/A Oct-2006 N/A N/A Oct-2006 N/A N/A Nov-2006 N/A N/A Nov-2006 N/A N/A Dec-2006 N/A N/A Dec-2006 N/A N/A Jan-2007 N/A N/A Jan-2007 N/A N/A Feb-2007 N/A N/A Feb-2007 N/A N/A Mar-2007 N/A N/A Mar-2007 N/A N/A Apr-2007 N/A N/A Apr-2007 N/A N/A May-2007 1411.~~896~~427% N/A May-2007 ~~988~~883.~~008~~549% N/A Jun-2007 1.634% N/A Jun-2007 109.650% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. ~~Group~~2A 5SMM CPR PSA Current Month 1.623% Current Month 17.828% Current Month 1,194.149% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs. 12mo Average* PSA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Jul-2006 NoN/A ~~Prepayment~~N/A ~~Rates~~Jul-2006 ~~Information~~N/A toN/A Aug-2006 N/A N/A Aug-2006 N/A N/A Sep-2006 N/A N/A Sep-2006 N/A N/A Oct-2006 N/A N/A Oct-2006 N/A N/A Nov-2006 N/A N/A Nov-2006 N/A N/A Dec-2006 N/A N/A Dec-2006 N/A N/A Jan-2007 N/A N/A Jan-2007 N/A N/A Feb-2007 N/A N/A Feb-2007 N/A N/A Mar-2007 N/A N/A Mar-2007 N/A N/A Apr-2007 N/A N/A Apr-2007 N/A N/A May-2007 15.424% N/A May-2007 1,183.764% N/A Jun-2007 17.828% N/A Jun-2007 1,194.149% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. ~~this~~The ~~period~~graphically on the monthly bond remittance report. ~~Group~~The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 2B SMM CPR PSA Current Month 1.042% Current Month 11.810% Current Month 774.782% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs. 12mo Average* PSA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Jul-2006 N/A N/A Jul-2006 N/A N/A Aug-2006 N/A N/A Aug-2006 N/A N/A Sep-2006 N/A N/A Sep-2006 N/A N/A Oct-2006 N/A N/A Oct-2006 N/A N/A Nov-2006 N/A N/A Nov-2006 N/A N/A Dec-2006 N/A N/A Dec-2006 N/A N/A Jan-2007 N/A N/A Jan-2007 N/A N/A Feb-2007 N/A N/A Feb-2007 N/A N/A Mar-2007 N/A N/A Mar-2007 N/A N/A Apr-2007 N/A N/A Apr-2007 N/A N/A May-2007 6.739% N/A May-2007 No509.859% ~~Prepayment~~N/A ~~Rates~~Jun-2007 ~~Information~~11.810% toN/A Jun-2007 774.782% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. ~~this~~The ~~period~~graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))

Interest Rate Stratification Summary 1A Current Number of Outstanding Percentage of Number of Outstanding Percentage of Interest Rate Loans Scheduled Balance(%) Loans Scheduled Balance(%) Range(%) Balance($) Balance($) < 64.000 130 ~~3,923,276~~0.2100 10.~~066~~000 60 0.00 0.000 64.~~249~~000 94.499 ~~3,141,902~~0 0.8600 0.~~854~~000 60 0.~~250~~00 60.000 4.500 4.999 0 0.00 0.000 0 0.00 0.000 5.000 5.499 180 0.00 0.000 0 0.00 0.000 5.500 5.999 13 3,~~692~~922,~~159~~547.9598 1.~~003~~079 1 152,695.79 0.205 6.~~500~~000 6.~~749~~499 2827 6,~~332~~833,~~682~~137.3559 1.~~721~~880 6 949,878.~~750~~25 1.277 6.500 6.999 6088 1420,~~052~~374,~~735~~800.5879 35.~~818~~604 ~~7.000~~9 ~~7.249 77 17~~1,~~346~~429,~~769~~609.9808 41.~~713~~923 7.~~250~~000 7.499 ~~177~~253 4158,~~211~~236,~~091~~286.3761 1116.~~197~~019 ~~7.500~~30 ~~7.749 200 45~~5,~~517~~608,~~186~~555.7260 127.~~367~~543 7.~~750~~500 7.999 ~~286~~483 64109,~~882~~430,~~511~~422.6084 1730.~~628~~101 ~~8.000~~77 ~~8.249 105 21~~14,~~789~~849,~~452~~854.7418 519.~~920~~970 8.~~250~~000 8.499 ~~142~~244 2849,~~107~~336,~~886~~657.4710 713.~~637~~571 ~~8.500~~56 ~~8.749 143 28~~11,~~249~~803,~~451~~946.3307 715.~~675~~874 8.~~750~~500 8.999 ~~127~~267 2755,~~710~~593,~~339~~463.8583 715.~~529~~292 ~~9.000~~69 ~~9.249 105 8~~14,~~937~~509,~~277~~788.4911 219.~~428~~513 9.~~250~~000 9.499 56161 817,~~366~~296,~~936~~233.4454 24.~~273~~758 ~~9.500~~28 ~~9.749 59 9~~5,~~815~~124,~~378~~030.8771 26.~~667~~891 9.~~750~~500 9.999 46102 413,~~951~~776,~~396~~751.9514 13.~~345~~790 ~~10.000~~36 ~~10.249 23 1~~5,~~695~~323,~~931~~529.7927 07.~~461~~159 10.~~250~~000 10.499 2951 23,~~407~~942,~~044~~013.0273 01.~~654~~084 ~~10.500~~13 ~~10.749 33 3~~1,~~574~~288,~~807~~075.5866 01.~~971~~732 10.~~750~~500 10.999 7299 69,~~433~~178,~~338~~390.3200 12.~~748~~525 ~~11.000~~47 ~~11.249 48 3~~5,~~792~~219,~~932~~146.2392 17.~~031~~019 11.~~250~~000 11.499 63111 47,~~153~~942,~~395~~605.5620 12.~~128~~185 ~~11.500~~40 ~~11.749 106 6~~3,~~923~~667,~~205~~163.2720 14.~~881~~932 11.~~750~~500 11.999 20123 17,~~049~~685,~~566~~429.8524 02.~~285~~114 62 4,432,710.97 5.961 >= 12.000 0 0.00 0.000 0 0.00 0.000 Total 2,~~045~~022 ~~368~~363,~~058~~548,~~658~~739.3859 100.000 474 74,358,983.81 100.000

Filing Compare · Fieldstone Mortgage Investment Trust, Series 2007-1