Sample Bloomberg Audit - Bob Ramers

Robert K. Ramers Certified Mortgage Securitization Auditor Tel: 415-730-4514 email: ramers@ix.netcom.
com
BLOOMBERG ANALYSIS AND AFFIDAVIT

OWNER: Darryl xxxxxxx
PROPERTY:
xxx State Highway xxx Lake Arrowhead, CA 92352
DATE:
10/3/2011
PREPARED: BY:
Bob Ramers- Top Gun Auditors
Page 1 Top Gun Auditor
Robert K. Ramers Certified Mortgage Securitization Auditor Tel: 415-730-4514 email: ramers@ix.netcom.com
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 loans 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.
Bloomberg Screen Captures: Loan Search Screen Originating loan characteristics and/or the subject loans number was entered into the Bloomberg Terminal 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.
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 history) 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 identified for the loan. TGA Associates show the single Bloomberg Terminal screen picture and copies the content across the columns. The letter C indicates that the loan payments to the owner are current and have been advanced by the servicer.
Loan 0130758734
Pay History 9999999999999999999FFFFF
Curr. Amt 400000
Orig Amt 400000
Group(s) 0, 2
Modifications
Mod Date
Rate 7.5
Prev Rate 0
P&I 2500
Prev P&I 0
IO Term 61
Doc Limited
Orig. LTV 80
Amort LTV 80
HALTV 119.9679
Score 703 Adj Flr
Age 59
MTM 301
Type ARM Spcl Svc
Index LIBOR12MO Property Type
Initial MTR 0 Occ
Life Cap 13.5
Life Flr 2.5 Orig Zip
Adj Cap 2 TGA
Margin 2.75 Service
GEO CA Lien #Months B/F/R
Delinq Days
Purpose
San Diego-CarlsbadSan Marcos, CA
90 Days
Single Housing
Own
Equity takeout
09/2006
91911
0.25
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 Bloomberg 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.
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 Trusts name, the issuer, the series, the Trustee, Original Balance, Current Balance, payment dates and rates of return for the Trust as a whole.
DES Page Two provides the number of loans in the Class or Tranche and the Original and Current Balance in the group
DES Page Three provides the collateral and underwriting principals and the credit enhancement for the Trust.
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.
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 Remittance 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.
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 Servicers 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 owners loan documents
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

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Robert K. Ramers Certified Mortgage Securitization Auditor Tel: 415-730-4514 email: ramers@ix.netcom.

BLOOMBERG ANALYSIS AND AFFIDAVIT

xxx State Highway xxx Lake Arrowhead, CA 92352

Bob Ramers- Top Gun Auditors

Page 1 Top Gun Auditor

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Page 3 Top Gun Auditor

Pay History 9999999999999999999FFFFF

Curr. Amt 400000

Orig Amt 400000

Score 703 Adj Flr

Type ARM Spcl Svc

Index LIBOR12MO Property Type

Initial MTR 0 Occ

Life Cap 13.5

Life Flr 2.5 Orig Zip

Adj Cap 2 TGA

Margin 2.75 Service

GEO CA Lien #Months B/F/R

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Trust Classes/Tranches with CUSIPS

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BLOOMBERG TERMINAL AFFIDAVIT

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