10-D 1 final_2007-07.txt 1 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 1, 2007 to November 30, 2007 Commission File Number of issuing entity: 333-130333-29 ----------------- CITICORP MORTGAGE SECURITIES TRUST, SERIES 2007-07 ------------------------------------------------------------------------ (Exact name of issuing entity as specified in its charter) Commission File Number of depositor: 333-130333 ---------------------- CITICORP MORTGAGE SECURITIES, INC. ------------------------------------------------------------------------ (Exact name of depositor as specified in its charter) CITIMORTGAGE, INC. ------------------------------------------------------------------------- (Exact name of sponsor as specified in its charter) New York ----------------------------------------------------------------------------- (State or other jurisdiction of incorporation or organization of the issuing entity) 41-2250993 and 41-2250990 ---------------------------------------------------------------------------- (I.R.S. Employer Identification No.) 1000 Technology Drive, O'Fallon, Missouri 63368-2240 ---------------------------------------- ---------- (Address of principal executive offices of the issuing entity) (Zip Code) (636) 261-1300 ------------------------------------------------------------------------- (Telephone number, including area code) -------------------------------------------------------------------------- (Former name, former address. if changed since last report.) Registered/reporting pursuant to (check one) Title Name of exchange of Class Section 12(b) Section 12(g) Section 15(d) (if Section 12(b)) Class IIA-1 { } { } {X} _____________ Class IIA-IO { } { } {X} _____________ Class IA-1 { } { } {X} _____________ Class IA-2 { } { } {X} _____________ Class IA-IO { } { } {X} _____________ Class IIIA-1 { } { } {X} _____________ Class IIIA-IO { } { } {X} _____________ Class A-PO { } { } {X} _____________ Class B-1 { } { } {X} _____________ Class B-2 { } { } {X} _____________ Class B-3 { } { } {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{ } 1 2 Part I - DISTRIBUTION INFORMATION Item 1. Distribution and Pool Performance Information On December 26, 2007 a distribution was made to holders of Citicorp Mortgage Securities, Inc. REMIC Pass-Through Certificates, Series 2007-07 issued by Citicorp Mortgage Securities Trust, Series 2007-07. The monthly distribution report is attached as an Exhibit to this Form 10-D. Please see Item 9(b), Exhibit 99.1. Part II - OTHER INFORMATION Item 7. Significant Enhancement Provider Information Not Applicable. Item 9. Exhibits (a) The following are documents filed as part of this Form 10-D: (99.1) Monthly distribution report for the month of November 2007. (b) Exhibits required to be filed by Form 10-D and Item 601 of Regulation S-K: (4.1) Pooling and Servicing Agreement, dated as of August 01, 2007, among Citicorp Mortgage Securities, Inc., CitiMortgage, Inc., U.S. Bank National Association, and Citibank, N.A. (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed by the issuing entity with the Securities and Exchange Commission on September 11, 2007.) (10.1) Form of Mortgage Loan Purchase Agreement, dated August 01, 2007, between Citicorp Mortgage Securities, Inc. and CitiMortgage, Inc. (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed by the issuing entity with the Securities and Exchange Commission on September 11, 2007.) (99.1) Monthly distribution report for the month of November 2007. 2 3 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. CITICORP MORTGAGE SECURITIES, INC. Depositor By: /s/ Cathy Johnson ------------------------- Cathy Johnson Assistant Vice President Dated: December 24, 2007 3 Exhibit No. Description ----------- ------------- (99.1) Monthly distribution report for the month of November 2007. 4 EXHIBIT 99.1 ------------- Citicorp Mortgage Securities, Inc. Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: CMSI 2007-07 Payment Date: 12/26/2007 Issuer: Citicorp Mortgage Securities, Inc. Record Date: See footnote Determination Date: 12/18/2007 Distribution Date: 26-Dec-07 Distribution #: 4 W.A.C. 6.39% Trustee U.S. Bank National Association Maryellen Hunter (617) 603-6401 Bond Administrator CitiMortgage, Inc. Trent Balke (636) 261-2103 Paying Agent: Citibank N.A. Nancy Forte (212) 816-5685

6 Citicorp Mortgage Securities, Inc. Distribution Date Statement to Certificate Holders Remic Pass-Through Certificate Series Name: CMSI 2007-07 Payment Date: 12/26/2007

7 Citicorp Mortgage Securities, Inc. Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: CMSI 2007-07 Payment Date: 12/26/2007

8 Citicorp Mortgage Securities, Inc. Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: CMSI 2007-07 Payment Date: 12/26/2007

9 Citicorp Mortgage Securities, Inc. Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: CMSI 2007-07 Payment Date: 12/26/2007 Delinquency Status - Determined by the MBA Method -------------------------------------------------- 30 - 59 days Delq 60+ days Book Value REO ----------------------------------------------------- Number 10 1 0 Amount $4,784,064.70 $489,121.88 $0.00 Stated Collateral Information ------------------------------- Service Fees Begin Balance Aggregate Adj Balance -------------------------------------------------------------------- $59,476.23 $628,081,209.78 $625,478,949.09 Advances ------------ Voluntary Advances $0.00 Trustee Advances $0.00 Advance Account Advances $0.00 Certificate Account Advances $841,589.38 Summary of Disbursements ------------------------- Withdrawals Remittances Residual and (Deposits) P&I Distributed ----------------------------------------------------------------- $5,813,651.73 $0.00 $0.00 $5,813,651.73 Citicorp Mortgage Securities, Inc. Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: CMSI 2007-07 Payment Date: 12/26/2007 Loans repurchased in the current period: Loan Number Scheduled Principal Balance Pool/Group -------------------------------------------------------- No repurchases for this period Citicorp Mortgage Securities, Inc. Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: CMSI 2007-07 Payment Date: 12/26/2007 Loans Modified: NO MODIFICATIONS 10 Citicorp Mortgage Securities, Inc. Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: CMSI 2007-07 Payment Date: 12/26/2007 COLLATERAL INFORMATION: GENERAL INFORMATION: AT ISSUE BEGINNING ENDING WAC-SCHED BAL 6.39% 6.39% WAM 351 348 347 AVG LTV 69 69 69 AVG LOAN SIZE $590,729 $588,091 $587,304 # OF LOANS 1,074 1,068 1,065 ACTUAL BALANCE $634,442,772.29 $628,427,339.36 $625,826,299.62 SCHEDULED BALANCE $634,442,772.29 $628,081,209.78 $625,478,949.09 TYPE OF DWELLING UNIT: AT ISSUE CURRENT SNGL FAM DET 84% 85% 2-4 FAMILY 2% 2% TOWNHOUSE 1% 2% CONDOMINIUM 8% 6% COOPERATIVE 5% 5% GEOGRAPHIC DISTRIBUTION: LTV DISTRIBUTION: AT ISSUE CURRENT AT ISSUE CURRENT 65% AND BELOW 31% 31% CA 32% CA 32% 65.01-75% 22% 22% NY 15% NY 16% 75.01-80% 47% 47% WA 5% WA 5% OVER 80% 0% 0% FL 5% FL 5% MA 5% MA 5% OTHER 38% OTHER 37% CREDIT ENHANCEMENT: AT ISSUE CURRENT SUBORDINATION 3.30% $20,938,175.00 3.34% $20,870,303.04 CUMULATIVE LOSS REDUCTION $0.00 PREPAYMENT INFORMATION: SCHEDULED PRINCIPAL: $516,584.42 PRINCIPAL PREPAYMENTS: $2,085,676.27 1 MONTH 3 MONTH 12 MONTH CUMULATIVE PRICING SPEED(PSA):300% PREPAYMENT HISTORY(PSA): 332% 320% 0% 367% PREPAYMENT HISTORY(CPR): 3.93% 3.16% 0.00% 3.25% DELINQUENCY (1)

(1) DETERMINED BY THE MBA METHOD. (2) DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST. ------------------------------------------------------------------------------- 30 Yr REG COLLATERAL INFORMATION: GENERAL INFORMATION: AT ISSUE BEGINNING ENDING WAC-SCHED BAL 6.40% 6.40% WAM 357 354 353 AVG LTV 69 69 69 AVG LOAN SIZE $578,268 $574,960 $573,849 # OF LOANS 723 720 718 ACTUAL BALANCE $418,087,760.38 $414,246,991.80 $412,300,961.00 SCHEDULED BALANCE $418,087,760.38 $413,971,277.39 $412,023,585.89 TYPE OF DWELLING UNIT: AT ISSUE CURRENT SNGL FAM DET 83% 83% 2-4 FAMILY 2% 2% TOWNHOUSE 2% 3% CONDOMINIUM 8% 6% COOPERATIVE 5% 6% GEOGRAPHIC DISTRIBUTION: LTV DISTRIBUTION: AT ISSUE CURRENT AT ISSUE CURRENT 65% AND BELOW 31% 31% CA 30% CA 29% 65.01-75% 21% 21% NY 17% NY 17% 75.01-80% 48% 48% WA 6% WA 6% OVER 80% 0% 0% MA 5% MA 5% FL 5% IL 5% OTHER 37% OTHER 38% PREPAYMENT INFORMATION: SCHEDULED PRINCIPAL: $400,993.51 PRINCIPAL PREPAYMENTS: $1,546,697.99 1 MONTH 3 MONTH 12 MONTH CUMULATIVE PRICING SPEED(PSA):300% PREPAYMENT HISTORY(PSA): 368% 250% 0% 355% PREPAYMENT HISTORY(CPR): 4.41% 2.50% 0.00% 3.19% DELINQUENCY (1)

(1) DETERMINED BY THE MBA METHOD. (2) DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST. ------------------------------------------------------------------------------- 15 Yr REG COLLATERAL INFORMATION: GENERAL INFORMATION: AT ISSUE BEGINNING ENDING WAC-SCHED BAL 5.97% 5.94% WAM 175 172 171 AVG LTV 56 56 56 AVG LOAN SIZE $528,299 $526,265 $524,161 # OF LOANS 44 42 42 ACTUAL BALANCE $23,245,157.91 $22,156,699.46 $22,066,810.08 SCHEDULED BALANCE $23,245,157.91 $22,103,109.19 $22,014,760.59 TYPE OF DWELLING UNIT: AT ISSUE CURRENT SNGL FAM DET 81% 81% 2-4 FAMILY 3% 3% TOWNHOUSE 0% 0% CONDOMINIUM 13% 13% COOPERATIVE 3% 3% GEOGRAPHIC DISTRIBUTION: LTV DISTRIBUTION: AT ISSUE CURRENT AT ISSUE CURRENT 65% AND BELOW 58% 60% CA 32% CA 32% 65.01-75% 19% 17% NY 17% NY 18% 75.01-80% 22% 22% MA 9% MA 10% OVER 80% 1% 1% MN 5% MN 5% FL 4% FL 4% OTHER 33% OTHER 31% PREPAYMENT INFORMATION: SCHEDULED PRINCIPAL: $84,326.19 PRINCIPAL PREPAYMENTS: $4,022.41 1 MONTH 3 MONTH 12 MONTH CUMULATIVE PRICING SPEED(PSA):300% PREPAYMENT HISTORY(PSA): 33% 1,713% 0% 1,490% PREPAYMENT HISTORY(CPR): 0.35% 14.62% 0.00% 11.24% DELINQUENCY (1)

(1) DETERMINED BY THE MBA METHOD. (2) DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST. ------------------------------------------------------------------------------- 30 YR RELO COLLATERAL INFORMATION: GENERAL INFORMATION: AT ISSUE BEGINNING ENDING WAC-SCHED BAL 6.11% 6.11% WAM 359 356 355 AVG LTV 71 71 71 AVG LOAN SIZE $623,271 $612,620 $611,824 # OF LOANS 47 47 47 ACTUAL BALANCE $29,293,736.21 $28,809,987.99 $28,773,642.84 SCHEDULED BALANCE $29,293,736.21 $28,793,163.09 $28,755,716.91 TYPE OF DWELLING UNIT: AT ISSUE CURRENT SNGL FAM DET 97% 97% 2-4 FAMILY 0% 0% TOWNHOUSE 0% 0% CONDOMINIUM 3% 3% COOPERATIVE 0% 0% GEOGRAPHIC DISTRIBUTION: LTV DISTRIBUTION: AT ISSUE CURRENT AT ISSUE CURRENT 65% AND BELOW 21% 22% CA 21% NJ 21% 65.01-75% 16% 16% NJ 21% CA 20% 75.01-80% 63% 62% MA 14% MA 14% OVER 80% 0% 0% TX 7% TX 7% WA 5% WA 5% OTHER 32% OTHER 33% PREPAYMENT INFORMATION: SCHEDULED PRINCIPAL: $31,264.72 PRINCIPAL PREPAYMENTS: $6,181.46 1 MONTH 3 MONTH 12 MONTH CUMULATIVE PRICING SPEED(PSA):300% PREPAYMENT HISTORY(PSA): 36% 705% 0% 610% PREPAYMENT HISTORY(CPR): 0.36% 5.65% 0.00% 4.28% DELINQUENCY (1)

(1) DETERMINED BY THE MBA METHOD. (2) DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST. ------------------------------------------------------------------------------- 30 yr IO COLLATERAL INFORMATION: GENERAL INFORMATION: AT ISSUE BEGINNING ENDING WAC-SCHED BAL 6.46% 6.46% WAM 358 355 354 AVG LTV 69 69 69 AVG LOAN SIZE $630,062 $630,169 $630,562 # OF LOANS 260 259 258 ACTUAL BALANCE $163,816,117.79 $163,213,660.11 $162,684,885.70 SCHEDULED BALANCE $163,816,117.79 $163,213,660.11 $162,684,885.70 TYPE OF DWELLING UNIT: AT ISSUE CURRENT SNGL FAM DET 87% 87% 2-4 FAMILY 3% 3% TOWNHOUSE 0% 1% CONDOMINIUM 7% 6% COOPERATIVE 3% 3% GEOGRAPHIC DISTRIBUTION: LTV DISTRIBUTION: AT ISSUE CURRENT AT ISSUE CURRENT 65% AND BELOW 28% 28% CA 39% CA 39% 65.01-75% 26% 26% NY 14% NY 14% 75.01-80% 46% 46% FL 7% FL 7% OVER 80% 0% 0% TX 5% TX 5% CO 4% CO 4% OTHER 31% OTHER 31% PREPAYMENT INFORMATION: SCHEDULED PRINCIPAL: $0.00 PRINCIPAL PREPAYMENTS: $528,774.41 1 MONTH 3 MONTH 12 MONTH CUMULATIVE PRICING SPEED(PSA):300% PREPAYMENT HISTORY(PSA): 318% 268% 0% 228% PREPAYMENT HISTORY(CPR): 3.82% 2.68% 0.00% 2.06% DELINQUENCY (1)

(1) DETERMINED BY THE MBA METHOD. (2) DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST. ------------------------------------------------------------------------------- 30 Yr REG and 30 yr IO COLLATERAL INFORMATION: GENERAL INFORMATION: AT ISSUE BEGINNING ENDING WAC-SCHED BAL 6.42% 6.42% WAM 358 355 354 AVG LTV 69 69 69 AVG LOAN SIZE $591,967 $589,566 $588,841 # OF LOANS 983 979 976 ACTUAL BALANCE $581,903,878.17 $577,460,651.91 $574,985,846.70 SCHEDULED BALANCE $581,903,878.17 $577,184,937.50 $574,708,471.59 TYPE OF DWELLING UNIT: AT ISSUE CURRENT SNGL FAM DET 84% 84% 2-4 FAMILY 2% 2% TOWNHOUSE 1% 3% CONDOMINIUM 8% 6% COOPERATIVE 5% 5% GEOGRAPHIC DISTRIBUTION: LTV DISTRIBUTION: AT ISSUE CURRENT AT ISSUE CURRENT 65% AND BELOW 30% 30% CA 32% CA 32% 65.01-75% 23% 23% NY 16% NY 16% 75.01-80% 47% 47% WA 6% WA 6% OVER 80% 0% 0% FL 5% FL 5% IL 4% IL 4% OTHER 37% OTHER 37% PREPAYMENT INFORMATION: SCHEDULED PRINCIPAL: $400,993.51 PRINCIPAL PREPAYMENTS: $2,075,472.40 1 MONTH 3 MONTH 12 MONTH CUMULATIVE PRICING SPEED(PSA):300% PREPAYMENT HISTORY(PSA): 354% 255% 0% 319% PREPAYMENT HISTORY(CPR): 4.24% 2.55% 0.00% 2.87% DELINQUENCY (1)

(1) DETERMINED BY THE MBA METHOD. (2) DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST. -------------------------------------------------------------------------------

Citicorp Mortgage Securities Trust, Series 2007-7 10-D