10-D 1 bca07aa5_10d-200712.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: November 27, 2007 to December 26, 2007 Commission File Number of issuing entity: 333-140720-07 BCAP LLC Trust 2007-AA5 (Exact name of issuing entity as specified in its charter) Commission File Number of depositor: 333-140720 BCAP LLC (Exact name of depositor as specified in its charter) Barclays Bank PLC Sutton Funding LLC (Exact name of sponsor as specified in its charter) New York (State or other jurisdiction of incorporation or organization of the issuing entity) 54-2200461 54-2200462 54-2200463 54-2200464 54-6756602 (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)) A-1 _____ _____ __X___ ____________ A-2 _____ _____ __X___ ____________ A-3 _____ _____ __X___ ____________ M-1 _____ _____ __X___ ____________ M-2 _____ _____ __X___ ____________ M-3 _____ _____ __X___ ____________ M-4 _____ _____ __X___ ____________ M-5 _____ _____ __X___ ____________ CE _____ _____ __X___ ____________ R _____ _____ __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 December 26, 2007 a distribution was made to holders of BCAP LLC Trust 2007-AA5. 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 BCAP LLC Trust 2007-AA5, relating to the December 26, 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. BCAP LLC Trust 2007-AA5 (Issuing Entity) Wells Fargo Bank, N.A. (Master Servicer) /s/ Elisabeth A. Brewster Elisabeth A. Brewster, Vice President Date: January 7, 2008 EXHIBIT INDEX Exhibit Number Description EX-99.1 Monthly report distributed to holders of BCAP LLC Trust 2007-AA5, relating to the December 26, 2007 distribution. EX-99.1 BCAP Trust LLC Mortgage Pass-Through Certificates Distribution Date: 12/26/2007 BCAP Trust LLC Mortgage Pass-Through Certificates Series 2007-AA5 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 8480 Stagecoach Circle Frederick, MD 21701-4747 www.ctslink.com Telephone: 1-866-846-4526 Fax: 240-586-8675

Certificateholder Distribution Summary Class CUSIP Record Certificate Beginning Interest Date Pass-Through Certificate Distribution Rate Balance A-1 05531AAA2 1012/24/2007 5.~~79875~~43875% ~~167~~163,~~000~~509,~~000~~671.0076 ~~914~~741,~~591~~073.7452 A-2 05531AAB0 1012/24/2007 5.~~89875~~53875% 6160,~~839~~546,~~000~~554.0044 ~~344~~279,~~507~~460.6519 A-3 05531AAC8 1012/24/2007 65.~~04875~~68875% 2524,~~427~~895,~~000~~571.0040 ~~145~~118,~~257~~020.0357 M-1 05531AAD6 1012/24/2007 6.~~64875~~28875% 3,618,000.00 2218,~~718~~960.7858 M-2 05531AAE4 1012/24/2007 6.~~64875~~28875% 3,758,000.00 2319,~~597~~694.8927 M-3 05531AAF1 1012/24/2007 6.~~64875~~28875% 2,226,000.00 1311,~~977~~665.8963 M-4 05531AAG9 1012/24/2007 6.~~64875~~28875% 1,949,000.00 1210,~~238~~213.5098 M-5 05531AAH7 1012/24/2007 6.~~64875~~28875% 1,670,000.00 108,~~486~~751.5684 CE 05531AAJ3 0911/2830/2007 0.00000% 10,855,~~241~~347.7843 12261,~~474~~236.3145 R 05531AAK0 0911/2830/2007 0.00000% 0.00 0.00 Totals ~~278~~273,~~342~~028,~~241~~145.7803 1,~~499~~469,~~850~~077.3503

Certificateholder Distribution Summary (continued) Class Principal Current Ending Total Cumulative Distribution Realized Certificate Distribution Realized Loss Balance Losses A-1 1,~~534~~203,~~709~~307.5265 0.00 ~~165~~162,~~465~~306,~~290~~364.4811 21,~~449~~944,~~301~~381.2617 0.00 A-2 ~~568~~445,~~292~~576.8390 0.00 6160,~~270~~100,~~707~~977.1755 ~~912~~725,~~800~~037.4809 0.00 A-3 ~~233~~183,~~671~~212.0160 0.00 2524,~~193~~712,~~328~~358.9980 ~~378~~301,~~928~~233.0417 0.00 M-1 0.00 0.00 3,618,000.00 2218,~~718~~960.7858 0.00 M-2 0.00 0.00 3,758,000.00 2319,~~597~~694.8927 0.00 M-3 0.00 0.00 2,226,000.00 1311,~~977~~665.8963 0.00 M-4 0.00 0.00 1,949,000.00 1210,~~238~~213.5098 0.00 M-5 0.00 0.00 1,670,000.00 108,~~486~~751.5684 0.00 CE 0.00 0.00 10,855,347.43 12261,~~474~~236.3145 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 21,~~336~~832,~~673~~097.3615 0.00 ~~276~~271,~~005~~196,~~674~~047.0789 3,~~836~~301,~~523~~174.7118 0.00 As Master Servicer, Wells Fargo Bank, N.A. has independently calculated collateral information based on loan level data received from external parties, which may include the Servicers, Issuer and other parties to the transaction. Wells Fargo Bank, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished to it by those 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 A-1 167,000,000.00 ~~167~~163,~~000~~509,~~000~~671.0076 0.00 1,~~534~~203,~~709~~307.5265 0.00 A-2 61,839,000.00 6160,~~839~~546,~~000~~554.0044 0.00 ~~568~~445,~~292~~576.8390 0.00 A-3 25,427,000.00 2524,~~427~~895,~~000~~571.0040 0.00 ~~233~~183,~~671~~212.0160 0.00 M-1 3,618,000.00 3,618,000.00 0.00 0.00 0.00 M-2 3,758,000.00 3,758,000.00 0.00 0.00 0.00 M-3 2,226,000.00 2,226,000.00 0.00 0.00 0.00 M-4 1,949,000.00 1,949,000.00 0.00 0.00 0.00 M-5 1,670,000.00 1,670,000.00 0.00 0.00 0.00 CE 10,855,241.78 10,855,~~241~~347.7843 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 278,342,241.78 ~~278~~273,~~342~~028,~~241~~145.7803 0.00 21,~~336~~832,~~673~~097.3615 0.00

Principal Distribution Statement (continued) Class Realized Total Ending Ending Total Loss Principal Certificate Certificate Principal Reduction Balance Percentage Distribution A-1 0.00 1,~~534~~203,~~709~~307.5265 ~~165~~162,~~465~~306,~~290~~364.4811 0.~~99081012~~97189440 1,~~534~~203,~~709~~307.5265 A-2 0.00 ~~568~~445,~~292~~576.8390 6160,~~270~~100,~~707~~977.1755 0.~~99081012~~97189440 ~~568~~445,~~292~~576.8390 A-3 0.00 ~~233~~183,~~671~~212.0160 2524,~~193~~712,~~328~~358.9980 0.~~99081012~~97189440 ~~233~~183,~~671~~212.0160 M-1 0.00 0.00 3,618,000.00 1.00000000 0.00 M-2 0.00 0.00 3,758,000.00 1.00000000 0.00 M-3 0.00 0.00 2,226,000.00 1.00000000 0.00 M-4 0.00 0.00 1,949,000.00 1.00000000 0.00 M-5 0.00 0.00 1,670,000.00 1.00000000 0.00 CE 0.00 0.00 10,855,347.43 1.00000973 0.00 R 0.00 0.00 0.00 0.00000000 0.00 Totals 0.00 21,~~336~~832,~~673~~097.3615 ~~276~~271,~~005~~196,~~674~~047.0789 0.~~99160541~~97432587 21,~~336~~832,~~673~~097.3615

Principal Distribution Factors Statement Class Original Beginning Scheduled UnScheduled Accretion Face Certificate Principal Principal Amount Balance Distribution Distribution A-1 167,000,000.00 ~~1000~~979.~~00000000~~09983090 0.00000000 97.~~18987737~~20543503 0.00000000 A-2 61,839,000.00 ~~1000~~979.~~00000000~~09983085 0.00000000 97.~~18987742~~20543508 0.00000000 A-3 25,427,000.00 ~~1000~~979.~~00000000~~09983089 0.00000000 97.~~18987730~~20543517 0.00000000 M-1 3,618,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 3,758,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 2,226,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 1,949,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 1,670,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 10,855,241.78 1000.~~00000000~~00973263 0.00000000 0.00000000 0.00000000 R 0.00 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 A-1 0.00000000 97.~~18987737~~20543503 ~~990~~971.~~81012263~~89439587 0.~~99081012~~97189440 97.~~18987737~~20543503 A-2 0.00000000 97.~~18987742~~20543508 ~~990~~971.~~81012258~~89439593 0.~~99081012~~97189440 97.~~18987742~~20543508 A-3 0.00000000 97.~~18987730~~20543517 ~~990~~971.~~81012270~~89439572 0.~~99081012~~97189440 97.~~18987730~~20543517 M-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 1000.00973263 1.00000973 0.00000000 R 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 A-1 0911/2126/07 - 1012/2425/07 3430 5.~~79875~~43875% ~~167~~163,~~000~~509,~~000~~671.0076 ~~914~~741,~~591~~073.7452 ~~14,646~~0.9500 A-2 0911/2126/07 - 1012/2425/07 3430 5.~~89875~~53875% 6160,~~839~~546,~~000~~554.0044 ~~344~~279,~~507~~460.6519 ~~11,264~~0.0200 A-3 0911/2126/07 - 1012/2425/07 3430 65.~~04875~~68875% 2524,~~427~~895,~~000~~571.0040 ~~145~~118,~~257~~020.0357 ~~8,233~~0.7000 M-1 0911/2126/07 - 1012/2425/07 3430 6.~~64875~~28875% 3,618,000.00 2218,~~718~~960.7858 ~~3,221~~0.7700 M-2 0911/2126/07 - 1012/2425/07 3430 6.~~64875~~28875% 3,758,000.00 2319,~~597~~694.8927 ~~3,346~~0.4400 M-3 0911/2126/07 - 1012/2425/07 3430 6.~~64875~~28875% 2,226,000.00 1311,~~977~~665.8963 ~~1,982~~0.2200 M-4 0911/2126/07 - 1012/2425/07 3430 6.~~64875~~28875% 1,949,000.00 1210,~~238~~213.5098 ~~1,735~~0.5500 M-5 0911/2126/07 - 1012/2425/07 3430 6.~~64875~~28875% 1,670,000.00 108,~~486~~751.5684 ~~1,487~~0.1100 CE N/A N/A 0.00000% 0.00 0.00 0.00 R N/A N/A 0.00000% 0.00 0.00 0.00 Totals 1,~~487~~207,~~376~~840.0458 ~~45,917~~0.7600

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 A-1 ~~14,646~~0.9500 0.00 ~~914~~741,~~591~~073.7452 0.00 ~~165~~162,~~465~~306,~~290~~364.4811 A-2 ~~11,264~~0.0200 0.00 ~~344~~279,~~507~~460.6519 0.00 6160,~~270~~100,~~707~~977.1755 A-3 ~~8,233~~0.7000 0.00 ~~145~~118,~~257~~020.0357 0.00 2524,~~193~~712,~~328~~358.9980 M-1 ~~3,221~~0.7700 0.00 2218,~~718~~960.7858 0.00 3,618,000.00 M-2 ~~3,346~~0.4400 0.00 2319,~~597~~694.8927 0.00 3,758,000.00 M-3 ~~1,982~~0.2200 0.00 1311,~~977~~665.8963 0.00 2,226,000.00 M-4 ~~1,735~~0.5500 0.00 1210,~~238~~213.5098 0.00 1,949,000.00 M-5 ~~1,487~~0.1100 0.00 108,~~486~~751.5684 0.00 1,670,000.00 CE 0.00 0.00 12261,~~474~~236.3145 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals ~~45,917~~0.7600 0.00 1,~~499~~469,~~850~~077.3503 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 A-1 167,000,000.00 5.~~79875~~43875% ~~1000~~979.~~00000000~~09983090 54.~~47659725~~43756599 0.~~08770629~~00000000 A-2 61,839,000.00 5.~~89875~~53875% ~~1000~~979.~~00000000~~09983085 54.~~57104174~~51915765 0.~~18215075~~00000000 A-3 25,427,000.00 65.~~04875~~68875% ~~1000~~979.~~00000000~~09983089 54.~~71270814~~64154521 0.~~32381720~~00000000 M-1 3,618,000.00 6.~~64875~~28875% 1000.00000000 65.~~27937535~~24062465 0.~~89048369~~00000000 M-2 3,758,000.00 6.~~64875~~28875% 1000.00000000 65.~~27937467~~24062533 0.~~89048430~~00000000 M-3 2,226,000.00 6.~~64875~~28875% 1000.00000000 65.~~27937556~~24062444 0.~~89048518~~00000000 M-4 1,949,000.00 6.~~64875~~28875% 1000.00000000 65.~~27937404~~24062596 0.~~89048230~~00000000 M-5 1,670,000.00 6.~~64875~~28875% 1000.00000000 65.~~27937725~~24062275 0.~~89048503~~00000000 CE 10,855,241.78 0.00000% 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 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 A-1 0.~~08770629~~00000000 0.00000000 54.~~47659725~~43756599 0.00000000 ~~990~~971.~~81012263~~89439587 A-2 0.~~18215075~~00000000 0.00000000 54.~~57104174~~51915765 0.00000000 ~~990~~971.~~81012258~~89439593 A-3 0.~~32381720~~00000000 0.00000000 54.~~71270814~~64154521 0.00000000 ~~990~~971.~~81012270~~89439572 M-1 0.~~89048369~~00000000 0.00000000 65.~~27937535~~24062465 0.00000000 1000.00000000 M-2 0.~~89048430~~00000000 0.00000000 65.~~27937467~~24062533 0.00000000 1000.00000000 M-3 0.~~89048518~~00000000 0.00000000 65.~~27937556~~24062444 0.00000000 1000.00000000 M-4 0.~~89048230~~00000000 0.00000000 65.~~27937404~~24062596 0.00000000 1000.00000000 M-5 0.~~89048503~~00000000 0.00000000 65.~~27937725~~24062275 0.00000000 1000.00000000 CE 0.00000000 0.00000000 124.~~14915082~~06546582 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 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 3,~~853~~314,~~558~~090.7934 Reserve Funds and Credit Enhancements 0.00 Proceeds from Repurchased Loans 0.00 Servicer Advances 2965,~~555~~871.2589 Gains & Subsequent Recoveries (Realized Losses) 0.00 Prepayment Penalties 0.00 Swap/Cap Payments 0.00 Total Deposits 3,~~883~~379,~~114~~962.0423 Withdrawals Swap Payments 0.00 Reserve Funds and Credit Enhancements 0.00 Reimbursement for Servicer Advances 033,065.0052 Total Administration Fees 4645,~~590~~722.3353 Payment of Interest and Principal 3,~~836~~301,~~523~~174.7118 Total Withdrawals (Pool Distribution Amount) 3,~~883~~379,~~114~~962.0423 Ending Balance 0.00 Servicer Advances are calculated as delinquent scheduled principal and interest. NOTE: Nine Mortgage Loans that have primary mortgage Insurance policies ("PMI"), the mortgage insurance policies are provided by Republic Mortgage Insurance ~~Co.~~Company, Mortgage Guaranty ~~Insurnace~~Insurance ~~Co.~~Corporation, United Guaranty ~~Insurance~~, and ~~four~~PMI ~~other insurers~~Group.

ADMINISTRATION FEES Gross Servicing Fee* 4645,~~268~~400.1333 Lender Paid Mortgage Insurance Fee 322.20 Supported Prepayment/Curtailment Interest Shortfall 0.00 Total Administration Fees 4645,~~590~~722.3353 *Servicer Payees include: COUNTRYWIDE HOME LOANS SERVICING LP

Reserve and Guaranty Funds Account Name Beginning Current Current Ending Balance Withdrawals Deposits Balance Excess Reserve Fund Account 0.00 ~~45,917~~0.7600 ~~45,917~~0.7600 0.00 Supplemental Interest 0.00 0.00 0.00 0.00 Hedge Funds Account Name Funds In (A) Funds Out(B) Net Amount(A - B) Cap Payment - Barclays Bank PLC 0.00 0.00 0.00 Swap Payment - Barclays Bank PLC 0.00 0.00 0.00

Collateral Statement Total Collateral Description Mixed ARM Weighted Average Coupon Rate 6.~~667531~~657773 Weighted Average Net Rate 6.~~468058~~458232 Weighted Average Pass-Through Rate 6.~~466669~~456816 Weighted Average Remaining Term ~~356~~354 Principal And Interest Constant 1,~~562~~530,~~979~~536.5021 Beginning Loan Count ~~324~~319 Loans Paid in Full 3 Ending Loan Count ~~321~~316 Beginning Scheduled Balance ~~278~~273,~~342~~028,~~241~~145.7804 Ending Scheduled Balance ~~276~~271,~~005~~196,~~674~~047.0789 Actual Ending Collateral Balance ~~276~~271,~~019~~208,~~850~~953.5551 Scheduled Principal 1615,~~433~~736.1661 Unscheduled Principal 21,~~320~~816,~~134~~360.5554 Negative Amortized Principal 0.00 Scheduled Interest 1,~~546~~514,~~546~~799.3460 Servicing Fees 4645,~~268~~400.1333 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 322.20 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 1,~~499~~469,~~956~~077.0107 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 0.00 Prepayment Penalty Paid Count 0 Special Servicing Fee 0.00

Additional Reporting - Deal Level Cash Reporting Net Monthly Excess Cash Flow 58261,~~497~~236.6943 Extra Principal Distribution Amount ~~105~~0.6600 Other Income 0.00 Soldier & Sailor Adjustment 0.00 Miscellaneous Reporting Senior Enhancement Percentage 8.~~723097~~877839% Senior Specified Enhancement Percentage 17.300000% LIBOR 54.~~14875~~78875% Swap LIBOR 54.~~14875~~78875% Structural Reporting Overcollaterilzation Floor 1,391,711.21 Subordination Increase Amount ~~105~~0.6500 Subordinated Amount 10,855,347.43 Subordinated Deficiency ~~105~~0.6600 Subordination Reduction Amount 0.00 Specified Subordinated Amount 10,855,347.43 Stepdown NO Trigger Event Reporting Delinquency Trigger Event Trigger Result Pass Threshold Value 3.~~459948~~527306% Calculated Value 0.~~000000~~715736% Cumulative Loss Trigger Trigger Result Pass Threshold Value 0.300000% Calculated Value 0.000000% Trigger Result Pass

Delinquency Status 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 712 0 0 0 712 56,~~338~~947,~~200~~906.00 0.00 0.00 0.00 56,~~338~~947,~~200~~906.00 60 Days 06 0 0 0 06 04,083,399.0092 0.00 0.00 0.00 04,083,399.0092 90 Days 01 0 0 0 01 0620,000.00 0.00 0.00 0.00 0620,000.00 120 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 719 0 0 0 719 511,~~338~~651,~~200~~305.0092 0.00 0.00 0.00 511,~~338~~651,~~200~~305.0092 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 23.~~180685~~797468% 0.000000% 0.000000% 0.000000% 23.~~180685~~797468% 12.~~933991~~561828% 0.000000% 0.000000% 0.000000% 12.~~933991~~561828% 60 Days 01.~~000000~~898734% 0.000000% 0.000000% 0.000000% 01.~~000000~~898734% 01.~~000000~~505629% 0.000000% 0.000000% 0.000000% 01.~~000000~~505629% 90 Days 0.~~000000~~316456% 0.000000% 0.000000% 0.000000% 0.~~000000~~316456% 0.~~000000~~228606% 0.000000% 0.000000% 0.000000% 0.~~000000~~228606% 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 26.~~180685~~012658% 0.000000% 0.000000% 0.000000% 26.~~180685~~012658% 14.~~933991~~296062% 0.000000% 0.000000% 0.000000% 14.~~933991~~296062%

Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2965,~~555~~871.2589

Realized Loss Report - Collateral Summary - No Realized Loss Information to report this period. Calculation Methodology: Monthly Default Rate (MDR): ~~sum~~Sum(Beg Scheduled Balance of Liquidated Loans) / ~~sum~~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 (All Realized Losses) / Sum (~~Ending~~ Actual Liquidated Balance for loans that have experienced a loss). 3 Month Average and 12 Month Average will not have values until the 3rd and 12th month respectively.

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 Total 3 1,~~816~~800,~~500~~000.00 1,~~811~~800,~~408~~000.5800 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 Total 0 0.00 0.00 0 0.00 0.00 ~~509~~16,~~589~~360.7754

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Summary ~~0157927054~~0157272007 CAFL 7740.5263 01-~~Apr~~Aug-2007 ~~862~~650,000.00 ~~856~~650,~~044~~000.7800 Summary ~~0164917502~~0161667185 UTIL 9575.00 01-~~Sep~~Jul-2007 ~~484~~450,~~500~~000.00 ~~484~~450,~~500~~000.00 Summary ~~0169790299~~0168622261 COCA 6456.6022 01-Aug-2007 ~~470~~700,000.00 ~~470~~700,000.00

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Summary ~~0157927054~~0157272007 Loan Paid in Full 0 6.~~125~~750% 360 64 Summary ~~0164917502~~0161667185 Loan Paid in Full 0(1) 8.~~125~~250% 360 15 Summary ~~0169790299~~0168622261 Loan Paid in Full 0 6.~~875~~500% 360 24

Prepayment Rates

Summary SMM CPR PSA Current Month 0.~~834~~665% Current Month 97.~~557~~698% Current Month ~~1,213~~644.~~292~~287% 3 Month Average 0.~~000~~857% 3 Month Average 09.~~000~~800% 3 Month Average 01,027.~~000~~053% 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. ~~Nov~~Jan-~~2006~~2007 N/A N/A ~~Nov~~Jan-~~2006~~2007 N/A N/A ~~Dec~~Feb-~~2006~~2007 N/A N/A ~~Dec~~Feb-~~2006~~2007 N/A N/A ~~Jan~~Mar-2007 N/A N/A ~~Jan~~Mar-2007 N/A N/A ~~Feb~~Apr-2007 N/A N/A ~~Feb~~Apr-2007 N/A N/A ~~Mar~~May-2007 N/A N/A ~~Mar~~May-2007 N/A N/A ~~Apr~~Jun-2007 N/A N/A ~~Apr~~Jun-2007 N/A N/A ~~May~~Jul-2007 N/A N/A ~~May~~Jul-2007 N/A N/A ~~Jun~~Aug-2007 N/A N/A ~~Jun~~Aug-2007 N/A N/A ~~Jul~~Sep-2007 N/A N/A ~~Jul~~Sep-2007 N/A N/A ~~Aug~~Oct-2007 ~~N/A~~9.557% N/A ~~Aug~~Oct-2007 ~~N/A~~1,213.292% N/A ~~Sep~~Nov-2007 ~~N/A~~12.145% N/A ~~Sep~~Nov-2007 ~~N/A~~1,223.579% N/A ~~Oct~~Dec-2007 97.~~557~~698% N/A ~~Oct~~Dec-2007 ~~1,213~~644.~~292~~287% 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. 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 Current Number of Outstanding Percentage of Interest Rate Loans Scheduled Balance(%) Range(%) Balance($) < 4.750 0 0.00 0.000 4.750 5.249 2 4,721,237.00 1.~~711~~741 5.250 5.749 14 9,~~754~~751,~~796~~973.0544 3.~~534~~596 5.750 6.249 52 47,~~548~~538,~~449~~122.6766 17.~~227~~529 6.250 6.749 ~~106~~105 91,~~761~~043,~~356~~320.2859 33.~~246~~571 6.750 7.249 6967 5855,~~376~~695,~~733~~681.9015 2120.~~151~~537 7.250 7.749 50 41,~~950~~948,~~532~~685.8687 15.~~199~~468 7.750 8.249 14 11,~~519~~518,~~068~~527.3118 4.~~173~~247 8.250 8.749 1311 98,~~777~~382,500.00 3.~~542~~091 8.750 9.249 1 596,000.00 0.~~216~~220 >= 9.250 0 0.00 0.000 Total ~~321~~316 ~~276~~271,~~005~~196,~~674~~047.0789 100.000

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