10-D 1 phh07001_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: 333-131600-11 PHH Alternative Mortgage Trust, Series 2007-1 (Exact name of issuing entity as specified in its charter) Commission File Number of depositor: 333-131600 Deutsche Alt-A Securities, Inc. (Exact name of depositor as specified in its charter) PHH Mortgage Corporation (Exact name of sponsor as specified in its charter) New York (State or other jurisdiction of incorporation or organization of the issuing entity) 54-2198594 54-2198595 54-2198596 54-2198597 54-2198598 (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)) I-A-1 _____ _____ __X___ ____________ I-A-2 _____ _____ __X___ ____________ I-A-3 _____ _____ __X___ ____________ II-1A _____ _____ __X___ ____________ II-2A1 _____ _____ __X___ ____________ II-2A2 _____ _____ __X___ ____________ II-1AX _____ _____ __X___ ____________ II-2AX _____ _____ __X___ ____________ II-1PO _____ _____ __X___ ____________ II-2PO _____ _____ __X___ ____________ II-AR _____ _____ __X___ ____________ I-M-1 _____ _____ __X___ ____________ I-M-2 _____ _____ __X___ ____________ I-M-3 _____ _____ __X___ ____________ I-M-4 _____ _____ __X___ ____________ I-CE _____ _____ __X___ ____________ II-B-1 _____ _____ __X___ ____________ II-B-2 _____ _____ __X___ ____________ II-B-3 _____ _____ __X___ ____________ II-B-4 _____ _____ __X___ ____________ II-B-5 _____ _____ __X___ ____________ II-B-6 _____ _____ __X___ ____________ I-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 June 25, 2007 a distribution was made to holders of PHH Alternative Mortgage 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 PHH Alternative Mortgage 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. PHH Alternative Mortgage Trust, Series 2007-1 (Issuing Entity) Wells Fargo Bank, N.A. (Master Servicer) /s/ Kelly Rentz Kelly Rentz, Officer Date: July 5, 2007 EXHIBIT INDEX Exhibit Number Description EX-99.1 Monthly report distributed to holders of PHH Alternative Mortgage Trust, Series 2007-1, relating to the June 25, 2007 distribution. EX-99.1 PHH Mortgage Corporation Mortgage Pass-Through Certificates Distribution Date: 6/25/2007 PHH Mortgage Corporation Mortgage Pass-Through Certificates 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 I-A-1 69337BAA2 0506/2422/2007 5.48000% ~~243~~239,~~686~~212,~~819~~322.9499 1,~~112~~128,~~836~~816.4837 I-A-2 69337BAB0 0506/2422/2007 5.57000% 58,737,000.00 ~~272~~281,~~637~~725.5749 I-A-3 69337BAC8 0506/2422/2007 5.56000% 33,~~602~~105,~~539~~374.5379 ~~155~~158,~~691~~501.7718 II-1A 69337BAH7 0405/3031/2007 6.00000% ~~200~~199,~~669~~673,~~612~~443.6852 1998,~~003,348~~367.0622 II-2A1 69337BAJ3 0405/3031/2007 6.00000% 13,~~517~~138,~~105~~557.0756 6765,~~585~~692.5379 II-2A2 69337BAY0 0405/3031/2007 6.00000% ~~777~~755,~~545~~770.6442 3,~~887~~778.7385 II-1AX 69337BAK0 0405/3031/2007 6.00000% 0.00 65,~~576~~276.8005 II-2AX 69337BAL8 0405/3031/2007 6.00000% 0.00 3,~~692~~554.4569 II-1PO 69337BAM6 0405/3031/2007 0.00000% ~~314~~313,~~025~~824.8035 0.00 II-2PO 69337BAN4 0405/3031/2007 0.00000% ~~329~~328,~~466~~264.2719 0.00 II-AR 69337BAX2 0405/3031/2007 6.00000% 0.00 0.0613 I-M-1 69337BAD6 0506/2422/2007 5.62000% 10,032,000.00 4648,~~983~~549.2031 I-M-2 69337BAE4 0506/2422/2007 5.78000% 5,759,000.00 2728,~~739~~663.1882 I-M-3 69337BAF1 0506/2422/2007 6.67000% 3,530,000.00 1920,~~620~~274.9295 I-M-4 69337BAG9 0506/2422/2007 7.57000% 1,858,000.00 1112,~~720~~111.8858 I-CE 69337BAV6 N/A 0.00000% 1,857,732.72 ~~410~~400,~~662~~398.3571 II-B-1 69337BAP9 0405/3031/2007 6.00000% 5,~~247~~242,~~308~~342.0660 26,~~236~~211.5471 II-B-2 69337BAQ7 0405/3031/2007 6.00000% 2,~~799~~796,~~162~~513.6281 13,~~995~~982.8157 II-B-3 69337BAR5 0405/3031/2007 6.00000% 1,~~632~~630,~~429~~884.3661 8,~~162~~154.1542 II-B-4 69337BAS3 0405/3031/2007 6.00000% 1,~~632~~630,~~429~~884.3661 8,~~162~~154.1542 II-B-5 69337BAT1 0405/3031/2007 6.00000% 1,~~282~~281,~~409~~195.3885 6,~~412~~405.0598 II-B-6 69337BAU8 0405/3031/2007 6.00000% ~~817~~816,~~437~~663.2370 4,~~087~~083.1932 I-R 69337BAW4 N/A 0.00000% 0.00 0.00 Totals ~~588~~581,~~082~~699,~~023~~775.6672 3,~~269~~282,~~038~~703.8756

Certificateholder Distribution Summary (continued) Class Principal Current Ending Total Cumulative Distribution Realized Certificate Distribution Realized Loss Balance Losses I-A-1 45,~~474~~610,~~496~~846.9582 0.00 ~~239~~233,~~212~~601,~~322~~476.9917 56,~~587~~739,~~333~~663.4319 0.00 I-A-2 0.00 0.00 58,737,000.00 ~~272~~281,~~637~~725.5749 0.00 I-A-3 ~~497~~623,~~164~~425.7444 0.00 3332,~~105~~481,~~374~~949.7935 ~~652~~781,~~856~~926.5162 0.00 II-1A ~~996~~2,~~169~~502,006.1696 0.00 ~~199~~197,~~673~~171,~~443~~436.5257 13,~~999~~500,~~517~~374.2218 0.00 II-2A1 ~~378~~90,~~547~~979.5211 0.00 13,~~138~~047,~~557~~578.5644 ~~446~~156,~~133~~671.0590 0.00 II-2A2 215,~~775~~233.2240 0.00 ~~755~~750,~~770~~537.4202 259,~~662~~012.9525 0.00 II-1AX 0.00 0.00 0.00 65,~~576~~276.8005 0.00 II-2AX 0.00 0.00 0.00 3,~~692~~554.4569 0.00 II-1PO ~~201~~202.4554 0.00 313,~~824~~621.3582 ~~201~~202.4554 0.00 II-2PO 1,~~202~~260.0818 0.00 ~~328~~327,~~264~~004.1901 1,~~202~~260.0818 0.00 II-AR 0.00 0.00 0.00 0.0613 0.00 I-M-1 0.00 0.00 10,032,000.00 4648,~~983~~549.2031 0.00 I-M-2 0.00 0.00 5,759,000.00 2728,~~739~~663.1882 0.00 I-M-3 0.00 0.00 3,530,000.00 1920,~~620~~274.9295 0.00 I-M-4 0.00 0.00 1,858,000.00 1112,~~720~~111.8858 0.00 I-CE 0.00 0.00 1,857,732.72 ~~410~~400,~~662~~398.3571 0.00 II-B-1 4,~~965~~978.4655 0.00 5,~~242~~237,~~342~~364.6005 31,~~202~~190.0026 0.00 II-B-2 2,~~648~~655.8180 0.00 2,~~796~~793,~~513~~858.8102 16,~~644~~638.6237 0.00 II-B-3 1,~~544~~548.7582 0.00 1,~~630~~629,~~884~~335.6179 9,~~706~~703.9024 0.00 II-B-4 1,~~544~~548.7582 0.00 1,~~630~~629,~~884~~335.6179 9,~~706~~703.9024 0.00 II-B-5 1,~~213~~216.5373 0.00 1,~~281~~279,~~195~~979.8513 7,~~625~~622.5871 0.00 II-B-6 ~~773~~775.5357 0.00 ~~816~~815,~~663~~888.7013 4,~~860~~858.7289 0.00 I-R 0.00 0.00 0.00 0.00 0.00 Totals 68,~~382~~846,~~247~~678.9574 0.00 ~~581~~572,~~699~~853,~~775~~097.7201 912,~~651~~129,~~286~~382.8230 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 I-A-1 254,923,000.00 ~~243~~239,~~686~~212,~~819~~322.9499 0.00 45,~~474~~610,~~496~~846.9582 0.00 I-A-2 58,737,000.00 58,737,000.00 0.00 0.00 0.00 I-A-3 34,851,000.00 33,~~602~~105,~~539~~374.5379 0.00 ~~497~~623,~~164~~425.7444 0.00 II-1A 205,262,900.00 ~~200~~199,~~669~~673,~~612~~443.6852 153,~~478~~056.9944 ~~842~~2,~~690~~348,950.1652 0.00 II-2A1 13,751,000.00 13,~~517~~138,~~105~~557.0756 46,~~967~~097.3393 ~~331~~44,~~580~~881.19 0.00 II-2A2 791,000.00 ~~777~~755,~~545~~770.6442 2,~~701~~651.7170 192,~~073~~581.5270 0.00 II-1AX 0.00 0.00 0.00 0.00 0.00 II-2AX 0.00 0.00 0.00 0.00 0.00 II-1PO 315,176.40 ~~314~~313,~~025~~824.8035 ~~201~~202.0405 0.4149 0.00 II-2PO 333,212.56 ~~329~~328,~~466~~264.2719 1,~~202~~214.0857 045.0062 0.00 II-AR 100.00 0.00 0.00 0.00 0.00 I-M-1 10,032,000.00 10,032,000.00 0.00 0.00 0.00 I-M-2 5,759,000.00 5,759,000.00 0.00 0.00 0.00 I-M-3 3,530,000.00 3,530,000.00 0.00 0.00 0.00 I-M-4 1,858,000.00 1,858,000.00 0.00 0.00 0.00 I-CE 1,856,545.00 1,857,732.72 0.00 0.00 0.00 II-B-1 5,262,000.00 5,~~247~~242,~~308~~342.0660 4,~~965~~978.4655 0.00 0.00 II-B-2 2,807,000.00 2,~~799~~796,~~162~~513.6281 2,~~648~~655.8180 0.00 0.00 II-B-3 1,637,000.00 1,~~632~~630,~~429~~884.3661 1,~~544~~548.7582 0.00 0.00 II-B-4 1,637,000.00 1,~~632~~630,~~429~~884.3661 1,~~544~~548.7582 0.00 0.00 II-B-5 1,286,000.00 1,~~282~~281,~~409~~195.3885 1,~~213~~216.5373 0.00 0.00 II-B-6 819,725.97 ~~817~~816,~~437~~663.2370 ~~773~~775.5357 0.00 0.00 I-R 0.00 0.00 0.00 0.00 0.00 Totals 605,448,659.93 ~~588~~581,~~082~~699,~~023~~775.6672 ~~217~~215,~~241~~946.98 68,~~165~~630,~~005~~731.9778 0.00

Principal Distribution Statement (continued) Class Realized Total Ending Ending Total Loss Principal Certificate Certificate Principal Reduction Balance Percentage Distribution I-A-1 0.00 45,~~474~~610,~~496~~846.9582 ~~239~~233,~~212~~601,~~322~~476.9917 0.~~93837089~~91636093 45,~~474~~610,~~496~~846.9582 I-A-2 0.00 0.00 58,737,000.00 1.00000000 0.00 I-A-3 0.00 ~~497~~623,~~164~~425.7444 3332,~~105~~481,~~374~~949.7935 0.~~94991176~~93202345 ~~497~~623,~~164~~425.7444 II-1A 0.00 ~~996~~2,~~169~~502,006.1696 ~~199~~197,~~673~~171,~~443~~436.5257 0.~~97276928~~96058000 ~~996~~2,~~169~~502,006.1696 II-2A1 0.00 ~~378~~90,~~547~~979.5211 13,~~138~~047,~~557~~578.5644 0.~~95546197~~94884579 ~~378~~90,~~547~~979.5211 II-2A2 0.00 215,~~775~~233.2240 ~~755~~750,~~770~~537.4202 0.~~95546197~~94884579 215,~~775~~233.2240 II-1AX 0.00 0.00 0.00 0.00000000 0.00 II-2AX 0.00 0.00 0.00 0.00000000 0.00 II-1PO 0.00 ~~201~~202.4554 313,~~824~~621.3582 0.~~99571018~~99506759 ~~201~~202.4554 II-2PO 0.00 1,~~202~~260.0818 ~~328~~327,~~264~~004.1901 0.~~98514951~~98136760 1,~~202~~260.0818 II-AR 0.00 0.00 0.00 0.00000000 0.00 I-M-1 0.00 0.00 10,032,000.00 1.00000000 0.00 I-M-2 0.00 0.00 5,759,000.00 1.00000000 0.00 I-M-3 0.00 0.00 3,530,000.00 1.00000000 0.00 I-M-4 0.00 0.00 1,858,000.00 1.00000000 0.00 I-CE 0.00 0.00 1,857,732.72 1.00063975 0.00 II-B-1 0.00 4,~~965~~978.4655 5,~~242~~237,~~342~~364.6005 0.~~99626427~~99531814 4,~~965~~978.4655 II-B-2 0.00 2,~~648~~655.8180 2,~~796~~793,~~513~~858.8102 0.~~99626427~~99531814 2,~~648~~655.8180 II-B-3 0.00 1,~~544~~548.7582 1,~~630~~629,~~884~~335.6179 0.~~99626427~~99531814 1,~~544~~548.7582 II-B-4 0.00 1,~~544~~548.7582 1,~~630~~629,~~884~~335.6179 0.~~99626427~~99531814 1,~~544~~548.7582 II-B-5 0.00 1,~~213~~216.5373 1,~~281~~279,~~195~~979.8513 0.~~99626427~~99531814 1,~~213~~216.5373 II-B-6 0.00 ~~773~~775.5357 ~~816~~815,~~663~~888.7013 0.~~99626428~~99531814 ~~773~~775.5357 I-R 0.00 0.00 0.00 0.00000000 0.00 Totals $0.00 68,~~382~~846,~~247~~678.9574 ~~581~~572,~~699~~853,~~775~~097.7201 0.~~96077473~~94616296 68,~~382~~846,~~247~~678.9574

Principal Distribution Factors Statement Class Original Beginning Scheduled UnScheduled Accretion Face Certificate Principal Principal Amount Balance Distribution Distribution I-A-1 254,923,000.00 ~~955~~938.~~92323933~~37089235 0.00000000 1722.~~55234698~~00996701 0.00000000 I-A-2 58,737,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-3 34,851,000.00 ~~964~~949.~~17719807~~91176121 0.00000000 1417.~~26543686~~88830851 0.00000000 II-1A 205,262,900.00 ~~977~~972.~~62241827~~76928037 0.~~74771910~~74566052 411.~~10541876~~44361948 0.00000000 II-2A1 13,751,000.00 ~~982~~955.~~99069668~~46197077 3.~~41555741~~35233292 243.~~11316922~~26384917 0.00000000 II-2A2 791,000.00 ~~982~~955.~~99069532~~46197219 3.~~41556258~~35233881 243.~~11317320~~26384324 0.00000000 II-1AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-2AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-1PO 315,176.40 ~~996~~995.~~34934595~~71018008 0.~~63786502~~64106957 0.~~00130086~~00155468 0.00000000 II-2PO 333,212.56 ~~988~~985.~~75705646~~14950937 3.~~60754709~~64503067 0.~~00000000~~13690961 0.00000000 II-AR 100.00 0.00000000 0.00000000 0.00000000 0.00000000 I-M-1 10,032,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-M-2 5,759,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-M-3 3,530,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-M-4 1,858,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-CE 1,856,545.00 1000.63974749 0.00000000 0.00000000 0.00000000 II-B-1 5,262,000.00 ~~997~~996.~~20791714~~26427214 0.~~94364500~~94613265 0.00000000 0.00000000 II-B-2 2,807,000.00 ~~997~~996.~~20791592~~26427146 0.~~94364446~~94613466 0.00000000 0.00000000 II-B-3 1,637,000.00 ~~997~~996.~~20791692~~26427001 0.~~94364692~~94613317 0.00000000 0.00000000 II-B-4 1,637,000.00 ~~997~~996.~~20791692~~26427001 0.~~94364692~~94613317 0.00000000 0.00000000 II-B-5 1,286,000.00 ~~997~~996.~~20791602~~26426905 0.~~94364697~~94613530 0.00000000 0.00000000 II-B-6 819,725.97 ~~997~~996.~~20792059~~26427598 0.~~94364462~~94613325 0.00000000 0.00000000 I-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 I-A-1 0.00000000 1722.~~55234698~~00996701 ~~938~~916.~~37089235~~36092534 0.~~93837089~~91636093 1722.~~55234698~~00996701 I-A-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 I-A-3 0.00000000 1417.~~26543686~~88830851 ~~949~~932.~~91176121~~02345270 0.~~94991176~~93202345 1417.~~26543686~~88830851 II-1A 0.00000000 412.~~85313790~~18927999 ~~972~~960.~~76928037~~58000043 0.~~97276928~~96058000 412.~~85313790~~18927999 II-2A1 0.00000000 276.~~52872664~~61618137 ~~955~~948.~~46197077~~84578867 0.~~95546197~~94884579 276.~~52872664~~61618137 II-2A2 0.00000000 276.~~52872314~~61618205 ~~955~~948.~~46197219~~84579014 0.~~95546197~~94884579 276.~~52872314~~61618205 II-1AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-2AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-1PO 0.00000000 0.~~63916588~~64262426 995.~~71018008~~06758755 0.~~99571018~~99506759 0.~~63916588~~64262426 II-2PO 0.00000000 3.~~60754709~~78191026 ~~985~~981.~~14950937~~36759911 0.~~98514951~~98136760 3.~~60754709~~78191026 II-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-M-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 I-M-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 I-M-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 I-M-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 I-CE 0.00000000 0.00000000 1000.63974749 1.00063975 0.00000000 II-B-1 0.00000000 0.~~94364500~~94613265 ~~996~~995.~~26427214~~31813949 0.~~99626427~~99531814 0.~~94364500~~94613265 II-B-2 0.00000000 0.~~94364446~~94613466 ~~996~~995.~~26427146~~31814036 0.~~99626427~~99531814 0.~~94364446~~94613466 II-B-3 0.00000000 0.~~94364692~~94613317 ~~996~~995.~~26427001~~31813684 0.~~99626427~~99531814 0.~~94364692~~94613317 II-B-4 0.00000000 0.~~94364692~~94613317 ~~996~~995.~~26427001~~31813684 0.~~99626427~~99531814 0.~~94364692~~94613317 II-B-5 0.00000000 0.~~94364697~~94613530 ~~996~~995.~~26426905~~31814152 0.~~99626427~~99531814 0.~~94364697~~94613530 II-B-6 0.00000000 0.~~94364462~~94613325 ~~996~~995.~~26427598~~31814272 0.~~99626428~~99531814 0.~~94364462~~94613325 I-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 I-A-1 0405/25/07 - 0506/24/07 3031 5.48000% ~~243~~239,~~686~~212,~~819~~322.9499 1,~~112~~128,~~836~~816.4837 0.00 I-A-2 0405/25/07 - 0506/24/07 3031 5.57000% 58,737,000.00 ~~272~~281,~~637~~725.5849 0.00 I-A-3 0405/25/07 - 0506/24/07 3031 5.56000% 33,~~602~~105,~~539~~374.5379 ~~155~~158,~~691~~501.7718 0.00 II-1A 0405/01/07 - 0405/30/07 30 6.00000% ~~200~~199,~~669~~673,~~612~~443.6852 1998,~~003,348~~367.0622 0.00 II-2A1 0405/01/07 - 0405/30/07 30 6.00000% 13,~~517~~138,~~105~~557.0756 6765,~~585~~692.5379 0.00 II-2A2 0405/01/07 - 0405/30/07 30 6.00000% ~~777~~755,~~545~~770.6442 3,~~887~~778.7385 0.00 II-1AX 0405/01/07 - 0405/30/07 30 6.00000% 13,~~115~~055,~~359~~210.1873 65,~~576~~276.8005 0.00 II-2AX 0405/01/07 - 0405/30/07 30 6.00000% ~~738~~710,~~490~~938.1987 3,~~692~~554.4569 0.00 II-1PO N/A N/A 0.00000% ~~314~~313,~~025~~824.8035 0.00 0.00 II-2PO N/A N/A 0.00000% ~~329~~328,~~466~~264.2719 0.00 0.00 II-AR N/A N/A 6.00000% 0.00 0.00 0.00 I-M-1 0405/25/07 - 0506/24/07 3031 5.62000% 10,032,000.00 4648,~~983~~549.2031 0.00 I-M-2 0405/25/07 - 0506/24/07 3031 5.78000% 5,759,000.00 2728,~~739~~663.1882 0.00 I-M-3 0405/25/07 - 0506/24/07 3031 6.67000% 3,530,000.00 1920,~~620~~274.9295 0523.0016 I-M-4 0405/25/07 - 0506/24/07 3031 7.57000% 1,858,000.00 1112,~~720~~111.8858 1,~~316~~715.3431 I-CE N/A N/A 0.00000% 1,857,732.72 0.00 0.00 II-B-1 0405/01/07 - 0405/30/07 30 6.00000% 5,~~247~~242,~~308~~342.0660 26,~~236~~211.5471 0.00 II-B-2 0405/01/07 - 0405/30/07 30 6.00000% 2,~~799~~796,~~162~~513.6281 13,~~995~~982.8157 0.00 II-B-3 0405/01/07 - 0405/30/07 30 6.00000% 1,~~632~~630,~~429~~884.3661 8,~~162~~154.1542 0.00 II-B-4 0405/01/07 - 0405/30/07 30 6.00000% 1,~~632~~630,~~429~~884.3661 8,~~162~~154.1542 0.00 II-B-5 0405/01/07 - 0405/30/07 30 6.00000% 1,~~282~~281,~~409~~195.3885 6,~~412~~405.0598 0.00 II-B-6 0405/01/07 - 0405/30/07 30 6.00000% ~~817~~816,~~437~~663.2370 4,~~087~~083.1932 0.00 I-R N/A N/A 0.00000% 0.00 0.00 0.00 Totals 2,~~858~~882,~~376~~304.4772 12,~~316~~238.3447

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 I-A-1 0.00 0.00 1,~~112~~128,~~836~~816.4837 0.00 ~~239~~233,~~212~~601,~~322~~476.9917 I-A-2 0.00 0.00 ~~272~~281,~~637~~725.5749 0.00 58,737,000.00 I-A-3 0.00 0.00 ~~155~~158,~~691~~501.7718 0.00 3332,~~105~~481,~~374~~949.7935 II-1A 0.00 0.00 1998,~~003,348~~367.0622 0.00 ~~199~~197,~~673~~171,~~443~~436.5257 II-2A1 0.00 0.00 6765,~~585~~692.5379 0.00 13,~~138~~047,~~557~~578.5644 II-2A2 0.00 0.00 3,~~887~~778.7385 0.00 ~~755~~750,~~770~~537.4202 II-1AX 0.00 0.00 65,~~576~~276.8005 0.00 1312,~~055~~916,~~210~~877.7394 II-2AX 0.00 0.00 3,~~692~~554.4569 0.00 ~~710~~703,~~938~~217.8715 II-1PO 0.00 0.00 0.00 0.00 313,~~824~~621.3582 II-2PO 0.00 0.00 0.00 0.00 ~~328~~327,~~264~~004.1901 II-AR 0.00 0.00 0.0613 0.00 0.00 I-M-1 0.00 0.00 4648,~~983~~549.2031 0.00 10,032,000.00 I-M-2 0.00 0.00 2728,~~739~~663.1882 0.00 5,759,000.00 I-M-3 0523.0016 0.00 1920,~~620~~274.9295 0.00 3,530,000.00 I-M-4 1,~~316~~715.3431 0.00 1112,~~720~~111.8858 0.00 1,858,000.00 I-CE 0.00 0.00 ~~410~~400,~~662~~398.3571 0.00 1,857,732.72 II-B-1 0.00 0.00 26,~~236~~211.5471 0.00 5,~~242~~237,~~342~~364.6005 II-B-2 0.00 0.00 13,~~995~~982.8157 0.00 2,~~796~~793,~~513~~858.8102 II-B-3 0.00 0.00 8,~~162~~154.1542 0.00 1,~~630~~629,~~884~~335.6179 II-B-4 0.00 0.00 8,~~162~~154.1542 0.00 1,~~630~~629,~~884~~335.6179 II-B-5 0.00 0.00 6,~~412~~405.0598 0.00 1,~~281~~279,~~195~~979.8513 II-B-6 0.00 0.00 4,~~087~~083.1932 0.00 ~~816~~815,~~663~~888.7013 I-R 0.00 0.00 0.00 0.00 0.00 Totals 12,~~316~~238.3447 0.00 3,~~269~~282,~~038~~703.8756 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 I-A-1 254,923,000.00 5.48000% ~~955~~938.~~92323933~~37089235 4.~~36538280~~42806797 0.00000000 I-A-2 58,737,000.00 5.57000% 1000.00000000 4.~~64166675~~79638882 0.00000000 I-A-3 34,851,000.00 5.56000% ~~964~~949.~~17719807~~91176121 4.~~46735445~~54796649 0.00000000 II-1A 205,262,900.00 6.00000% ~~977~~972.~~62241827~~76928037 4.~~88811207~~86384641 0.00000000 II-2A1 13,751,000.00 6.00000% ~~982~~955.~~99069668~~46197077 4.~~91495382~~77731001 0.00000000 II-2A2 791,000.00 6.00000% ~~982~~955.~~99069532~~46197219 4.~~91495575~~77730721 0.00000000 II-1AX 0.00 6.00000% ~~977~~972.~~07045833~~58950796 4.~~88535260~~86294727 0.00000000 II-2AX 0.00 6.00000% ~~975~~939.~~99780052~~58563407 4.~~87998775~~69792242 0.00000000 II-1PO 315,176.40 0.00000% ~~996~~995.~~34934595~~71018008 0.00000000 0.00000000 II-2PO 333,212.56 0.00000% ~~988~~985.~~75705646~~14950937 0.00000000 0.00000000 II-AR 100.00 6.00000% 0.00000000 0.00000000 0.00000000 I-M-1 10,032,000.00 5.62000% 1000.00000000 4.~~68333333~~83944478 0.00000000 I-M-2 5,759,000.00 5.78000% 1000.00000000 4.~~81666609~~97722174 0.00000000 I-M-3 3,530,000.00 6.67000% 1000.00000000 5.~~55833428~~74361190 0.~~00000000~~14820397 I-M-4 1,858,000.00 7.57000% 1000.00000000 6.~~30833154~~51861141 0.~~70847147~~92320237 I-CE 1,856,545.00 0.00000% 1000.63974749 0.00000000 0.00000000 II-B-1 5,262,000.00 6.00000% ~~997~~996.~~20791714~~26427214 4.~~98603953~~98132079 0.00000000 II-B-2 2,807,000.00 6.00000% ~~997~~996.~~20791592~~26427146 4.~~98603848~~98132170 0.00000000 II-B-3 1,637,000.00 6.00000% ~~997~~996.~~20791692~~26427001 4.~~98604154~~98131949 0.00000000 II-B-4 1,637,000.00 6.00000% ~~997~~996.~~20791692~~26427001 4.~~98604154~~98131949 0.00000000 II-B-5 1,286,000.00 6.00000% ~~997~~996.~~20791602~~26426905 4.~~98604199~~98132193 0.00000000 II-B-6 819,725.97 6.00000% ~~997~~996.~~20792059~~26427598 4.~~98604430~~98132321 0.00000000 I-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 I-A-1 0.00000000 0.00000000 4.~~36538280~~42806797 0.00000000 ~~938~~916.~~37089235~~36092534 I-A-2 0.00000000 0.00000000 4.~~64166658~~79638882 0.00000000 1000.00000000 I-A-3 0.00000000 0.00000000 4.~~46735445~~54796649 0.00000000 ~~949~~932.~~91176121~~02345270 II-1A 0.00000000 0.00000000 4.~~88811207~~86384641 0.00000000 ~~972~~960.~~76928037~~58000043 II-2A1 0.00000000 0.00000000 4.~~91495382~~77731001 0.00000000 ~~955~~948.~~46197077~~84578867 II-2A2 0.00000000 0.00000000 4.~~91495575~~77730721 0.00000000 ~~955~~948.~~46197219~~84579014 II-1AX 0.00000000 0.00000000 4.~~88535260~~86294727 0.00000000 ~~972~~962.~~58950796~~28396614 II-2AX 0.00000000 0.00000000 4.~~87998775~~69792242 0.00000000 ~~939~~929.~~58563407~~38051308 II-1PO 0.00000000 0.00000000 0.00000000 0.00000000 995.~~71018008~~06758755 II-2PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~985~~981.~~14950937~~36759911 II-AR 0.00000000 0.00000000 01.~~60000000~~30000000 0.00000000 0.00000000 I-M-1 0.00000000 0.00000000 4.~~68333333~~83944478 0.00000000 1000.00000000 I-M-2 0.00000000 0.00000000 4.~~81666609~~97722174 0.00000000 1000.00000000 I-M-3 0.~~00000000~~14820397 0.00000000 5.~~55833428~~74361190 0.00000000 1000.00000000 I-M-4 0.~~70847147~~92320237 0.00000000 6.~~30833154~~51861141 0.00000000 1000.00000000 I-CE 0.00000000 0.00000000 ~~221~~215.~~19708922~~66873413 0.00000000 1000.63974749 II-B-1 0.00000000 0.00000000 4.~~98603953~~98132079 0.00000000 ~~996~~995.~~26427214~~31813949 II-B-2 0.00000000 0.00000000 4.~~98603848~~98132170 0.00000000 ~~996~~995.~~26427146~~31814036 II-B-3 0.00000000 0.00000000 4.~~98604154~~98131949 0.00000000 ~~996~~995.~~26427001~~31813684 II-B-4 0.00000000 0.00000000 4.~~98604154~~98131949 0.00000000 ~~996~~995.~~26427001~~31813684 II-B-5 0.00000000 0.00000000 4.~~98604199~~98132193 0.00000000 ~~996~~995.~~26426905~~31814152 II-B-6 0.00000000 0.00000000 4.~~98604430~~98132321 0.00000000 ~~996~~995.~~26427598~~31814272 I-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 912,~~645~~073,~~572~~651.9024 Reserve Funds and Credit Enhancements 0.00 Proceeds from Repurchased Loans 0.00 Servicer Advances ~~111~~109,~~563~~216.5677 Gains & Subsequent Recoveries (Realized Losses) 0.00 Swap/Cap Payments 4797,~~187~~755.7568 Total Deposits 912,~~804~~280,~~324~~623.2169 Withdrawals Swap Payments 0.00 Reserve Funds and Credit Enhancements 0.00 Total Administration Fees ~~153~~151,~~037~~241.39 Payment of Interest and Principal 912,~~651~~129,~~286~~382.8230 Total Withdrawals (Pool Distribution Amount) 912,~~804~~280,~~324~~623.2169 Ending Balance 0.00 Servicer Advances are calculated as delinquent scheduled principal and interest.

ADMINISTRATION FEES Gross Servicing Fee* ~~148~~147,~~768~~061.9198 Master Servicing Fee, Wells Fargo Bank, N.A. 2,~~450~~423.3475 Primary Mortgage Insurance Fee* 1,~~818~~755.1466 Supported Prepayment/Curtailment Interest Shortfall 0.00 Total Administration Fees ~~153~~151,~~037~~241.39 *Servicer Payees include: PHH MORTGAGE CORPORATION

Reserve and Guaranty Funds Account Name Beginning Current Current Ending Balance Withdrawals Deposits Balance Supplemental Interest Trust 1,000.00 ~~410~~400,~~662~~398.3571 ~~410~~400,~~662~~398.3571 1,000.00 Hedge Funds Account Name Funds In (A) Funds Out(B) Net Amount(A - B) Group I Swap Agreement, Deutsche Bank 1,~~568~~593,~~992~~069.5889 1,~~521~~495,~~804~~314.8321 4797,~~187~~755.7568

Collateral Statement Group Group I Group II Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.~~068648~~063126 6.~~601095~~600965 Weighted Average Net Rate 6.~~730914~~725438 6.~~351095~~350965 Weighted Average Pass-Through Rate 6.~~719837~~714488 6.~~346095~~345965 Weighted Average Remaining Term ~~355~~354 ~~344~~343 Principal And Interest Constant 2,~~208~~177,~~436~~105.4645 1,~~477~~467,~~061~~975.8582 Beginning Loan Count 1,~~381~~361 ~~925~~920 Loans Paid in Full 2022 57 Ending Loan Count 1,~~361~~339 ~~920~~913 Beginning Scheduled Balance ~~359~~354,~~063~~091,~~092~~430.1950 ~~229~~227,~~018~~608,~~931~~345.4924 Ending Scheduled Balance ~~354~~347,~~091~~857,~~430~~158.5024 ~~227~~224,~~608~~995,~~345~~938.2476 Actual Ending Collateral Balance ~~354~~347,~~164~~929,~~982~~253.9852 ~~227~~225,~~768~~154,~~257~~389.1514 Scheduled Principal 9392,~~360~~945.9216 ~~217~~215,~~248~~946.8396 Unscheduled Principal 46,~~878~~141,~~300~~327.7710 12,~~193~~396,~~337~~459.4252 Negative Amortized Principal 0.00 0.00 Scheduled Interest 2,~~115~~084,~~075~~160.5429 1,~~259~~252,~~813~~028.0286 Servicing Fees ~~101~~99,~~056~~643.6357 47,~~712~~418.2841 Master Servicing Fees 1,~~496~~475.0938 ~~954~~948.2537 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 1,~~818~~755.1466 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 21,~~010~~981,~~704~~285.68 1,~~211~~203,~~146~~662.4908 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Special Servicing Fee 0.00 0.00

Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 6.~~886567~~882291 Weighted Average Net Rate 6.~~579288~~578914 Weighted Average Pass-Through Rate 6.~~574288~~570292 Weighted Average Remaining Term ~~351~~350 Principal And Interest Constant 3,~~685~~645,~~498~~081.3127 Beginning Loan Count 2,~~306~~281 Loans Paid in Full 2529 Ending Loan Count 2,~~281~~252 Beginning Scheduled Balance ~~588~~581,~~082~~699,~~023~~775.6874 Ending Scheduled Balance ~~581~~572,~~699~~853,~~775~~097.7400 Actual Ending Collateral Balance ~~581~~573,~~933~~083,~~240~~642.1366 Scheduled Principal ~~310~~308,~~609~~892.7512 Unscheduled Principal 68,~~071~~537,~~638~~786.1962 Negative Amortized Principal 0.00 Scheduled Interest 3,~~374~~336,~~888~~189.5615 Servicing Fees ~~148~~147,~~768~~061.9198 Master Servicing Fees 2,~~450~~423.3475 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 1,~~818~~755.1466 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 3,~~221~~184,~~851~~947.1776 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Special Servicing Fee 0.00

Collateral Statement By Subgroup Group Subgroup II-1 Subgroup II-2 Collateral Description Fixed 30 Year Fixed 15 Year Weighted Average Coupon Rate 6.~~614762~~614773 6.~~413105~~406879 Weighted Average Net Rate 6.~~364762~~364773 6.~~163105~~156879 Weighted Average Pass-Through Rate 6.~~359762~~359773 6.~~158105~~151879 Weighted Average Remaining Term ~~355~~354 ~~174~~173 Principal And Interest Constant 1,~~340~~334,~~109~~158.2543 ~~136~~133,~~952~~817.6039 Beginning Loan Count ~~839~~836 8684 Loans Paid in Full 36 21 Ending Loan Count ~~836~~830 8483 Beginning Scheduled Balance ~~213~~212,~~496~~490,~~786~~845.2415 15,~~522~~117,~~145~~500.2509 Ending Scheduled Balance ~~212~~209,~~490~~979,~~845~~051.1524 15,~~117~~016,~~500~~887.0952 Actual Ending Collateral Balance ~~212~~210,~~614~~103,~~663~~066.6973 15,~~153~~051,~~593~~322.4641 Scheduled Principal ~~163~~162,~~250~~842.5290 53,~~998~~104.3106 Unscheduled Principal ~~842~~2,~~690~~348,951.5701 ~~350~~47,~~646~~508.8551 Negative Amortized Principal 0.00 0.00 Scheduled Interest 1,~~176~~171,~~858~~315.7353 8280,~~954~~713.2933 Servicing Fees 44,~~478~~268.5093 3,~~233~~149.7848 Master Servicing Fees ~~889~~885.5738 6462.6899 Trustee Fee 0.00 0.00 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 1,~~131~~126,~~490~~161.6622 7977,~~655~~500.8386 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Special Servicing Fee 0.00 0.00

Additional Reporting - Group Level Informational Reporting Group I Monthly Excess Cashflow ~~411~~402,~~978~~637.6919 Net WAC Pass Through Rate 6.~~719837~~497892% Senior Enhancement % 6.~~505871~~622469% Three Month Rolling Delinquency % 0.~~122920~~211898% Group II Senior Percentage 94.~~130319~~107007% Senior Prepayment % 100.000000% Subordinate Percentage 5.~~869681~~892993% Subordinate Prepayment % 0.000000% Structural Reporting Group I Overcollateralization Amount 1,857,732.72 Overcollateralization Deficiency Amount 0.00 Overcollateralization Increase Amount 0.00 Required Overcollateralization Amount 1,857,732.72 Trigger Event Reporting Group I Cumulative Loss Trigger Event Trigger Result Pass Threshold Value 0.250000% Calculated Value 0.000000% Delinquency Event Trigger Result Pass Threshold Value 2.~~758790~~797525% Calculated Value 0.~~122920~~211898% Stepdown Date Trigger Result N/A Group II Cumulative Loss Trigger event Trigger Result Pass Threshold Value 30.000000% Calculated Value 0.000000% Delinquency Event Trigger Result Pass Threshold Value 50.000000% Calculated Value 04.~~482894~~183663% Shifting Interest Trigger Trigger Result Pass

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 01 0 0 01 050,568.0047 0.00 0.00 050,568.0047 30 Days 714 0 0 0 714 23,~~525~~732,~~413~~598.3947 0.00 0.00 0.00 23,~~525~~732,~~413~~598.3947 60 Days 43 01 0 0 4 1,~~109~~010,~~397~~612.1814 0172,000.00 0.00 0.00 1,~~109~~182,~~397~~612.1814 90 Days 01 0 02 0 03 0750,000.00 0.00 0185,797.0018 0.00 0935,797.0018 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 1118 02 02 0 1122 35,~~634~~493,~~810~~210.5761 0222,568.0047 0185,797.0018 0.00 35,~~634~~901,~~810~~576.5726 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~~044405% 0.000000% 0.000000% 0.~~000000~~044405% 0.~~000000~~008824% 0.000000% 0.000000% 0.~~000000~~008824% 30 Days 0.~~306883~~621670% 0.000000% 0.000000% 0.000000% 0.~~306883~~621670% 0.~~433970~~651318% 0.000000% 0.000000% 0.000000% 0.~~433970~~651318% 60 Days 0.~~175362~~133215% 0.~~000000~~044405% 0.000000% 0.000000% 0.~~175362~~177620% 0.~~190640~~176346% 0.~~000000~~030013% 0.000000% 0.000000% 0.~~190640~~206359% 90 Days 0.~~000000~~044405% 0.000000% 0.~~000000~~088810% 0.000000% 0.~~000000~~133215% 0.~~000000~~130871% 0.000000% 0.~~000000~~032421% 0.000000% 0.~~000000~~163292% 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 0.~~482245~~799290% 0.~~000000~~088810% 0.~~000000~~088810% 0.000000% 0.~~482245~~976909% 0.~~624610~~958536% 0.~~000000~~038837% 0.~~000000~~032421% 0.000000% 01.~~624610~~029793% 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 ~~111~~109,~~563~~216.5677

SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class II-2PO 604,800,270.97 99.89290769% ~~581~~572,~~057~~212,~~687~~471.18 99.~~88961856~~88816927% 0.~~056432~~057083% 0.000000% Class I-R 1,856,545.00 0.30663954% 1,857,732.72 0.~~31936280~~32429479% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 150,000.00 0.02477502% 150,000.00 0.~~02578650~~02618472% Fraud 4,678,000.00 0.77265015% 4,678,000.00 0.~~80419491~~81661425% Special Hazard 3,710,000.00 0.61276872% 3,710,000.00 0.~~63778605~~64763550% Limit of Subordinate's Exposure to Certain Types of Losses

Delinquency Status By Group DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I - 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 01 0 0 01 050,568.0047 0.00 0.00 050,568.0047 30 Days 49 0 0 0 49 12,~~401~~848,~~937~~112.7642 0.00 0.00 0.00 12,~~401~~848,~~937~~112.7642 60 Days 31 01 0 0 32 ~~988~~203,~~546~~136.7251 0172,000.00 0.00 0.00 ~~988~~375,~~546~~136.7251 90 Days 01 0 01 0 02 0750,000.00 0.00 064,946.0072 0.00 0814,946.0072 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 711 02 01 0 714 23,~~390~~801,~~484~~248.4893 0222,568.0047 064,946.0072 0.00 24,~~390~~088,~~484~~764.4812 0-29 Days 0.~~000000~~074683% 0.000000% 0.000000% 0.~~000000~~074683% 0.~~000000~~014534% 0.000000% 0.000000% 0.~~000000~~014534% 30 Days 0.~~293902~~672143% 0.000000% 0.000000% 0.000000% 0.~~293902~~672143% 0.~~395843~~818590% 0.000000% 0.000000% 0.000000% 0.~~395843~~818590% 60 Days 0.~~220426~~074683% 0.~~000000~~074683% 0.000000% 0.000000% 0.~~220426~~149365% 0.~~279120~~058384% 0.~~000000~~049435% 0.000000% 0.000000% 0.~~279120~~107820% 90 Days 0.~~000000~~074683% 0.000000% 0.~~000000~~074683% 0.000000% 0.~~000000~~149365% 0.~~000000~~215561% 0.000000% 0.~~000000~~018667% 0.000000% 0.~~000000~~234228% 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 0.~~514328~~821509% 0.~~000000~~149365% 0.~~000000~~074683% 0.000000% 01.~~514328~~045556% 01.~~674964~~092535% 0.~~000000~~063969% 0.~~000000~~018667% 0.000000% 01.~~674964~~175171% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II - 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 35 0 0 0 35 1884,~~123,475~~486.6305 0.00 0.00 0.00 1884,~~123,475~~486.6305 60 Days 12 0 0 0 12 ~~120~~807,~~850~~475.4663 0.00 0.00 0.00 ~~120~~807,~~850~~475.4663 90 Days 0 0 01 0 01 0.00 0.00 0120,850.0046 0.00 0120,850.0046 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 47 0 01 0 48 1,~~244~~691,~~326~~961.0968 0.00 0120,850.0046 0.00 1,~~244~~812,~~326~~812.0914 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~326087~~547645% 0.000000% 0.000000% 0.000000% 0.~~326087~~547645% 0.~~493254~~392835% 0.000000% 0.000000% 0.000000% 0.~~493254~~392835% 60 Days 0.~~108696~~219058% 0.000000% 0.000000% 0.000000% 0.~~108696~~219058% 0.~~053059~~358632% 0.000000% 0.000000% 0.000000% 0.~~053059~~358632% 90 Days 0.000000% 0.000000% 0.~~000000~~109529% 0.000000% 0.~~000000~~109529% 0.000000% 0.000000% 0.~~000000~~053674% 0.000000% 0.~~000000~~053674% 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 0.~~434783~~766703% 0.000000% 0.~~000000~~109529% 0.000000% 0.~~434783~~876232% 0.~~546312~~751467% 0.000000% 0.~~000000~~053674% 0.000000% 0.~~546312~~805142% Please refer to CTSLink.com for a list of delinquency code descriptions.

Delinquency Status By Subgroup DELINQUENT BANKRUPTCY FORECLOSURE REO Total Subgroup II-1 - 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 35 0 0 0 35 1884,~~123,475~~486.6305 0.00 0.00 0.00 1884,~~123,475~~486.6305 60 Days 12 0 0 0 12 ~~120~~807,~~850~~475.4663 0.00 0.00 0.00 ~~120~~807,~~850~~475.4663 90 Days 0 0 01 0 01 0.00 0.00 0120,850.0046 0.00 0120,850.0046 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 47 0 01 0 48 1,~~244~~691,~~326~~961.0968 0.00 0120,850.0046 0.00 1,~~244~~812,~~326~~812.0914 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~358852~~602410% 0.000000% 0.000000% 0.000000% 0.~~358852~~602410% 0.~~528409~~420977% 0.000000% 0.000000% 0.000000% 0.~~528409~~420977% 60 Days 0.~~119617~~240964% 0.000000% 0.000000% 0.000000% 0.~~119617~~240964% 0.~~056840~~384324% 0.000000% 0.000000% 0.000000% 0.~~056840~~384324% 90 Days 0.000000% 0.000000% 0.~~000000~~120482% 0.000000% 0.~~000000~~120482% 0.000000% 0.000000% 0.~~000000~~057520% 0.000000% 0.~~000000~~057520% 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 0.~~478469~~843373% 0.000000% 0.~~000000~~120482% 0.000000% 0.~~478469~~963855% 0.~~585249~~805301% 0.000000% 0.~~000000~~057520% 0.000000% 0.~~585249~~862820% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Subgroup II-2 - 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Please refer to CTSLink.com for a list of delinquency code descriptions.

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Summary 12 Month Foreclosure ~~Detail~~History* -New ~~All~~Foreclosure ~~Mortgage~~Loans Month Foreclosure Percentage Loans in Foreclosure ~~during~~2 Jul-06 0.000% Original Principal Balance 186,200.00 Aug-06 0.000% Current ~~Period~~Actual ~~Summary~~Balance 185,797.18 Sep-06 No0.000% Oct-06 0.000% Current Foreclosure ~~Information~~Total toNov-06 0.000% Loans in Foreclosure 2 Dec-06 0.000% Original Principal Balance 186,200.00 Jan-07 0.000% Current Actual Balance 185,797.18 Feb-07 0.000% Mar-07 0.000% Apr-07 0.000% May-07 0.000% Jun-07 0.032% *The text reported in the above table is presented graphically on the monthly bond remittance report. ~~this~~The ~~period~~monthly bond remittance report can be viewed online at www.ctslink.com. Group I 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 1 Jul-06 No0.000% Original Principal Balance 65,000.00 Aug-06 0.000% Current Actual Balance 64,946.72 Sep-06 0.000% Oct-06 0.000% Current Foreclosure ~~Information~~Total toNov-06 0.000% Loans in Foreclosure 1 Dec-06 0.000% Original Principal Balance 65,000.00 Jan-07 0.000% Current Actual Balance 64,946.72 Feb-07 0.000% Mar-07 0.000% Apr-07 0.000% May-07 0.000% Jun-07 0.019% *The text reported in the above table is presented graphically on the monthly bond remittance report. ~~this~~The ~~period~~monthly bond remittance report can be viewed online at www.ctslink.com. Group II 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 1 Jul-06 No0.000% Original Principal Balance 121,200.00 Aug-06 0.000% Current Actual Balance 120,850.46 Sep-06 0.000% Oct-06 0.000% Current Foreclosure ~~Information~~Total toNov-06 0.000% Loans in Foreclosure 1 Dec-06 0.000% Original Principal Balance 121,200.00 Jan-07 0.000% Current Actual Balance 120,850.46 Feb-07 0.000% Mar-07 0.000% Apr-07 0.000% May-07 0.000% Jun-07 0.054% *The text reported in the above table is presented graphically on the monthly bond remittance report. ~~this~~The ~~period~~monthly bond remittance report can be viewed online at www.ctslink.com.

Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance NoGroup ~~Foreclosure~~I ~~Loans~~0040118333 ~~this~~Jun-2007 ~~Period~~01-Jan-2007 KY 100.00 65,000.00 Group II 0039532403 Jun-2007 01-Dec-2006 GA 80.00 121,200.00

Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued) Current Paid Current Approximate Loan Actual To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest NoGroup ~~Foreclosure~~I ~~Loans~~0040118333 ~~this~~64,946.72 ~~Period~~01-Jan-2007 3 7.000% 1,823.58 Group II 0039532403 120,850.46 01-Jan-2007 3 6.875% 3,335.95

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

Summary 12 Month Bankruptcy ~~Detail~~History* -New ~~All~~Bankruptcy ~~Mortgage~~Loans Month Bankruptcy Percentage Loans in Bankruptcy ~~during~~2 Jul-06 0.000% Original Principal Balance 222,800.00 Aug-06 0.000% Current ~~Period~~Actual ~~Summary~~Balance 222,568.47 Sep-06 No0.000% Oct-06 0.000% Current Bankruptcy ~~Information~~Total toNov-06 0.000% Loans in Bankruptcy 2 Dec-06 0.000% Original Principal Balance 222,800.00 Jan-07 0.000% Current Actual Balance 222,568.47 Feb-07 0.000% Mar-07 0.000% Apr-07 0.000% May-07 0.000% Jun-07 0.039% *The text reported in the above table is presented graphically on the monthly bond remittance report. ~~this~~The ~~period~~monthly bond remittance report can be viewed online at www.ctslink.com. Group I 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 1 Jul-06 No0.000% Original Principal Balance 172,000.00 Aug-06 0.000% Current Actual Balance 172,000.00 Sep-06 0.000% Oct-06 0.000% Current Bankruptcy ~~Information~~Total toNov-06 0.000% Loans in Bankruptcy 1 Dec-06 0.000% Original Principal Balance 172,000.00 Jan-07 0.000% Current Actual Balance 172,000.00 Feb-07 0.000% Mar-07 0.000% Apr-07 0.000% May-07 0.000% Jun-07 0.064% *The text reported in the above table is presented graphically on the monthly bond remittance report. ~~this~~The ~~period~~monthly bond remittance report can be viewed online at www.ctslink.com. Group II - No Bankruptcy Information to report this period.

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period Group Loan Month Loan First State LTV at Original Number Entered Payment Origination Principal Bankruptcy Date Balance NoGroup ~~Bankruptcy~~I ~~Loans~~0039459532 ~~this~~Jun-2007 ~~Period~~01-Dec-2006 MI 80.00 50,800.00 Group I 0040236150 Jun-2007 01-Jan-2007 AZ 80.00 172,000.00

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period (continued) Group Loan Current Paid To Months Current Approximate Number Actual Date Delinquent Loan Rate Delinquent Balance Interest NoGroup ~~Bankruptcy~~I ~~Loans~~0039459532 ~~this~~50,568.47 ~~Period~~01-Jun-2007 (1) 8.250% 337.35 Group I 0040236150 172,000.00 01-Feb-2007 2 6.500% 3,511.68

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 I 2022 45,~~406~~509,~~583~~630.0024 45,~~400~~502,~~485~~209.3503 0 0.00 0.00 Group II 57 ~~879~~2,~~700~~381,395.00 ~~871~~2,~~231~~371,719.1140 0 0.00 0.00 Total 2529 57,~~286~~891,~~283~~025.0024 57,~~271~~873,~~716~~928.4643 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 I 0 0.00 0.00 0 0.00 0.00 ~~479~~640,~~267~~335.00 Group II 0 0.00 0.00 0 0.00 0.00 ~~323~~26,~~757~~782.9845 Total 0 0.00 0.00 0 0.00 0.00 ~~803~~667,~~024~~117.9845

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group I ~~0035101062~~0035105717 IAIL 8079.0098 01-Dec-2006 ~~277~~114,~~600~~100.00 ~~276~~113,~~280~~480.8588 Group I ~~0038990917~~0035110980 MOVA 7980.9300 01-~~Dec~~Nov-2006 ~~219~~940,~~800~~000.00 ~~219~~939,~~800~~500.00 Group I ~~0039043526~~0035114891 NJIL 9089.0059 01-~~Dec~~Nov-2006 ~~414~~327,000.00 ~~414~~327,000.00 Group I ~~0039290572~~0035134063 WIMT 8025.0032 01-~~Oct~~Jan-~~2006~~2007 73100,~~200~~000.00 7299,~~744~~536.6415 Group I ~~0039561881~~0035134113 INGA 9050.00 01-~~Dec~~Jan-~~2006~~2007 5872,~~500~~000.00 5871,~~272~~622.2479 Group I ~~0039569165~~0039117965 MONJ 80.00 01-~~Nov~~Dec-2006 88720,~~400~~000.00 88720,~~400~~000.00 Group I ~~0039612098~~0039348446 NVUT 38100.7900 01-~~Dec~~Nov-2006 ~~100~~341,000.00 99340,~~513~~707.0162 Group I ~~0039645536~~0039354444 PAUT 9375.8500 01-Nov-2006 ~~305~~111,000.00 ~~305~~110,~~000~~309.0046 Group I ~~0040108532~~0039558572 MEAZ 9580.00 01-~~Dec~~Nov-2006 ~~109~~192,~~250~~880.00 ~~108~~192,~~707~~880.6200 Group I ~~0040115149~~0039577168 GAIN 80.00 01-Jan-2007 ~~128~~102,~~960~~464.00 ~~128~~101,~~463~~940.2702 Group I ~~0040167405~~0039615638 NMIN 9580.00 01-Jan-2007 ~~135~~74,~~755~~320.00 ~~135~~74,~~755~~320.00 Group I ~~0040167884~~0039627880 INMO 9080.00 01-~~Feb~~Dec-~~2007~~2006 52148,~~344~~000.00 52147,~~212~~272.4678 Group I ~~0040193054~~0040037236 MDMO ~~100~~95.00 01-~~Feb~~Dec-~~2007~~2006 ~~190~~80,750.00 80,311.70 Group I 0040081820 FL 80.00 01-Dec-2006 224,000.00 ~~189~~222,~~497~~881.7768 Group I ~~0040297335~~0040119653 CA 8779.2299 01-Dec-2006 398,650.00 398,600.00 Group I 0040142184 NJ 65.00 01-Feb-2007 ~~392~~526,500.00 ~~392~~526,500.00 Group I ~~0040306037~~0040291890 IL 79.90 01-Feb-2007 250,901.24 249,934.82 Group I 0040357360 GA 9570.00 01-Jan-2007 51101,~~300~~500.00 51100,~~300~~930.0042 Group I ~~0040414484~~0040419376 UTMD 8071.0004 01-Feb-2007 ~~512~~417,000.00 ~~512~~417,000.00 Group I ~~0040482358~~0040506008 AZTX 80.00 01-Feb-2007 ~~204~~83,~~000~~920.00 ~~203~~83,~~373~~588.3465 Group I ~~7101667751~~7101613508 CA 8517.0002 01-~~Jan~~Dec-~~2007~~2006 ~~548~~80,~~250~~000.00 ~~546~~79,~~228~~532.5180 Group I ~~7105022979~~7105992171 AZSC 8030.0085 01-~~Jan~~Dec-~~2007~~2006 ~~248~~103,~~000~~645.00 ~~247~~103,~~261~~142.0633 Group III ~~7108027355~~0039366133 FLAR 8090.00 01-~~Dec~~Nov-2006 ~~297~~43,~~724~~650.00 ~~297~~42,~~724~~525.50 Group II 0039664636 CA 80.00 01-Jan-2007 260,000.00 258,670.45 Group II ~~0039156716~~0039669312 WICA 6978.9217 01-~~Nov~~Dec-2006 ~~265~~273,~~700~~595.00 ~~259~~273,~~601~~595.3200 Group II ~~0039591763~~0040150674 MDIL 8090.00 01-~~Dec~~Jan-~~2006~~2007 ~~248~~192,~~800~~150.00 ~~247~~191,~~466~~167.3043 Group II ~~0039684535~~0040199952 TXAZ 80.00 01-Jan-2007 ~~104~~320,000.00 ~~103~~318,~~547~~349.1932 Group II ~~0040135162~~0040201741 LANY 6874.7068 01-Jan-2007 90590,000.00 88586,~~501~~655.3506 Group II ~~0040152944~~0040318024 COCA 8075.0032 01-~~Jan~~Feb-2007 ~~171~~702,~~200~~000.00 ~~170~~698,~~463~~714.2831

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group I ~~0035101062~~0035105717 Loan Paid in Full 0(1) 7.~~250~~375% 360 56 Group I ~~0038990917~~0035110980 Loan Paid in Full 0 7.250% 360 57 Group I ~~0039043526~~0035114891 Loan Paid in Full 0 7.~~750~~625% 360 57 Group I ~~0039290572~~0035134063 Loan Paid in Full 0(1) 7.375% 360 75 Group I ~~0039561881~~0035134113 Loan Paid in Full 0 86.~~250~~750% 360 5 Group I ~~0039569165~~0039117965 Loan Paid in Full 0 7.~~250~~000% 360 6 Group I ~~0039612098~~0039348446 Loan Paid in Full 0 7.~~125~~500% 360 57 Group I ~~0039645536~~0039354444 Loan Paid in Full 0 87.~~250~~375% 360 67 Group I ~~0040108532~~0039558572 Loan Paid in Full 0 87.~~375~~625% 360 7 Group I 0039577168 Loan Paid in Full 0 6.875% 360 5 Group I ~~0040115149~~0039615638 Loan Paid in Full 0 7.~~375~~750% 360 45 Group I ~~0040167405~~0039627880 Loan Paid in Full 0 7.~~500~~875% 360 46 Group I ~~0040167884~~0040037236 Loan Paid in Full 0(1) 87.375% 360 36 Group I ~~0040193054~~0040081820 Loan Paid in Full 0 87.~~125~~795% 360 36 Group I ~~0040297335~~0040119653 Loan Paid in Full 0 6.750% 360 6 Group I 0040142184 Loan Paid in Full (1) 67.~~250~~125% 360 34 Group I ~~0040306037~~0040291890 Loan Paid in Full 0 97.~~088~~375% 360 4 Group I ~~0040414484~~0040357360 Loan Paid in Full 0(1) 68.~~670~~000% 360 35 Group I ~~0040482358~~0040419376 Loan Paid in Full 0(1) 76.~~375~~625% 360 34 Group I ~~7101667751~~0040506008 Loan Paid in Full 0 7.~~595~~250% 360 4 Group I ~~7105022979~~7101613508 Loan Paid in Full 0 87.~~650~~000% 360 46 Group I ~~7108027355~~7105992171 Loan Paid in Full (1) 7.~~750~~940% 360 6 Group II 0039366133 Loan Paid in Full 0 7.000% 180 7 Group II 0039664636 Loan Paid in Full 0 6.875% 360 5 Group II ~~0039156716~~0039669312 Loan Paid in Full 0 6.~~750~~875% ~~180~~360 6 Group II ~~0039591763~~0040150674 Loan Paid in Full 0 6.~~710~~875% 360 5 Group II ~~0039684535~~0040199952 Loan Paid in Full 0 6.~~750~~830% 360 45 Group II ~~0040135162~~0040201741 Loan Paid in Full 0 6.~~500~~340% ~~180~~360 45 Group II ~~0040152944~~0040318024 Loan Paid in Full 0(1) 6.~~810~~375% 360 4

Prepayment Rates

Summary SMM CPR PSA Current Month 1.~~033~~469% Current Month 1116.~~715~~266% Current Month 1,~~328~~503.~~153~~808% 3 Month Average 1.~~137~~323% 3 Month Average 1214.~~783~~747% 3 Month Average 1,~~954~~738.~~892~~615% 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-2006 N/A N/A Jun-2006 N/A N/A~~ 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 4.264% N/A Feb-2007 1,507.009% N/A Mar-2007 10.375% N/A Mar-2007 2,152.639% N/A Apr-2007 16.260% N/A Apr-2007 2,383.885% N/A May-2007 11.715% N/A May-2007 1,328.153% N/A Jun-2007 16.266% N/A Jun-2007 1,503.808% 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 I SMM CPR PSA Current Month 1.~~359~~735% Current Month 1518.~~142~~942% Current Month 1,~~654~~699.~~591~~892% 3 Month Average 1.~~410~~596% 3 Month Average 1517.~~637~~537% 3 Month Average 21,~~272~~982.~~954~~576% 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-2006 N/A N/A Jun-2006 N/A N/A~~ 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 5.247% N/A Feb-2007 1,659.268% N/A Mar-2007 13.242% N/A Mar-2007 2,571.026% N/A Apr-2007 18.527% N/A Apr-2007 2,593.247% N/A May-2007 15.142% N/A May-2007 1,654.591% N/A Jun-2007 18.942% N/A Jun-2007 1,699.892% 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 II SMM CPR PSA Current Month 01.~~522~~054% Current Month 611.~~082~~939% Current Month ~~732~~1,157.~~279~~766% 3 Month Average 0.~~706~~896% 3 Month Average 810.~~099~~196% 3 Month Average 1,~~345~~293.~~444~~521% 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-2006 N/A N/A Jun-2006 N/A N/A~~ 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 2.684% N/A Feb-2007 1,165.527% N/A Mar-2007 5.646% N/A Mar-2007 1,313.537% N/A Apr-2007 12.568% N/A Apr-2007 1,990.518% N/A May-2007 6.082% N/A May-2007 732.279% N/A Jun-2007 11.939% N/A Jun-2007 1,157.766% 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))

Modifications Beginning Current Loan Scheduled Scheduled Prior Modified Prior Modified Number Balance Balance Rate Rate Payment Payment No0035115823 ~~Modifications~~114,052.25 ~~this~~113,942.58 ~~Period~~6.375% 6.375% 2,607.78 715.57 0040047102 98,638.85 98,547.51 6.540% 6.540% 1,269.41 628.92

Interest Rate Stratification Summary Group I Current Number of Outstanding Percentage of Number of Outstanding Percentage of Interest Rate Loans Scheduled Balance(%) Loans Scheduled Balance(%) Range(%) Balance($) Balance($) < 5.500 2 1,~~183~~182,~~325~~582.1003 0.~~203~~206 1 999,999.00 0.~~282~~287 5.500 5.749 4 ~~950~~947,~~844~~928.5074 0.~~163~~165 1 156,000.00 0.~~044~~045 5.750 5.999 16 4,~~367~~361,~~033~~165.3771 0.~~751~~761 2 813,800.00 0.~~230~~234 6.000 6.249 42 18,~~766~~746,~~796~~034.7541 3.~~226~~272 13 8,~~286~~285,~~398~~866.4709 2.~~340~~382 6.250 6.499 ~~214~~212 7675,~~456~~106,~~113~~593.6216 13.~~144~~111 62 28,~~977~~972,~~826~~328.0599 8.~~184~~329 6.500 6.749 ~~384~~383 ~~117~~116,~~138~~438,~~690~~994.1277 20.~~137~~326 ~~116~~115 47,~~638~~011,~~564~~721.3007 13.~~454~~515 6.750 6.999 ~~611~~604 ~~155~~153,~~101~~406,~~724~~876.4779 26.~~664~~779 ~~180~~177 6261,~~013~~433,~~355~~374.7889 17.~~513~~661 7.000 7.249 ~~303~~299 7371,~~070~~658,~~869~~958.60 12.~~562~~509 ~~299~~296 7271,~~769~~400,~~323~~950.5388 20.~~551~~526 7.250 7.499 ~~296~~289 6563,~~726~~617,~~350~~883.3928 11.~~299~~105 ~~287~~280 6462,~~773~~668,~~805~~458.1867 18.~~293~~016 7.500 7.749 ~~183~~180 3332,~~003~~121,~~274~~475.7189 5.~~674~~607 ~~175~~172 3130,~~780~~902,~~383~~646.6211 8.~~975~~884 7.750 7.999 ~~108~~104 2019,~~051~~492,~~419~~494.1895 3.~~447~~403 ~~108~~104 2019,~~051~~492,~~419~~494.1895 5.~~663~~604 8.000 8.249 5655 8,~~230~~123,~~153~~915.6720 1.~~415~~418 5554 8,~~177~~071,~~375~~324.1312 2.~~309~~320 8.250 8.499 24 2,~~649~~647,~~761~~301.2355 0.~~456~~462 24 2,~~649~~647,~~761~~301.2355 0.~~748~~761 8.500 8.749 19 2,~~777~~775,~~039~~599.6499 0.~~477~~485 19 2,~~777~~775,~~039~~599.6499 0.~~784~~798 8.750 8.999 10 995,~~991~~479.4337 0.~~171~~174 10 995,~~991~~479.4337 0.~~281~~286 >= 9.000 9 1,~~230~~229,~~387~~812.9656 0.~~212~~215 9 1,~~230~~229,~~387~~812.9656 0.~~347~~354 Total 2,~~281~~252 ~~581~~572,~~699~~853,~~775~~097.7400 100.000 1,~~361~~339 ~~354~~347,~~091~~857,~~430~~158.5024 100.000

Interest Rate Stratification (continued) Group II Current Number of Outstanding Percentage of Interest Rate Loans Scheduled Balance(%) Range(%) Balance($) < 5.500 1 ~~183~~182,~~326~~583.1003 0.081 5.500 5.749 3 ~~794~~791,~~844~~928.5074 0.~~349~~352 5.750 5.999 14 3,~~553~~547,~~233~~365.3771 1.~~561~~577 6.000 6.249 29 10,~~480~~460,~~398~~168.2832 4.~~605~~649 6.250 6.499 ~~152~~150 4746,~~478~~134,~~287~~264.5717 20.~~860~~504 6.500 6.749 268 69,~~500~~427,~~125~~273.8270 30.~~535~~857 6.750 6.999 ~~431~~427 9391,~~088~~973,~~368~~501.6990 40.~~898~~878 7.000 7.249 43 ~~301~~258,~~546~~007.0772 0.~~132~~115 7.250 7.499 9 ~~952~~949,~~545~~424.2161 0.~~419~~422 7.500 7.749 8 1,~~222~~218,~~891~~829.0978 0.~~537~~542 7.750 7.999 0 0.00 0.000 8.000 8.249 1 52,~~778~~591.5408 0.023 8.250 8.499 0 0.00 0.000 8.500 8.749 0 0.00 0.000 8.750 8.999 0 0.00 0.000 >= 9.000 0 0.00 0.000 Total ~~920~~913 ~~227~~224,~~608~~995,~~345~~938.2476 100.000

Filing Compare · PHH Alternative Mortgage Trust, Series 2007-1