Professional Documents
Culture Documents
4 Securities.
9 groups. The mortgage loans in loan group 5 (from which the Bank's certificate was to be paid)
10 were originated by Credit SuisseFinancial Corporation (flnla Credit SuisseFirst Boston Financial
11 Corporation) and DLJ Mortgage Capital, Inc. Credit SuisseFinancial Corporation originated
13 of this securitization.
15 http://www.sec.gov/Archives/edgarldata/t390414/0000891092070007371e26061_424b5.txt.
16 (c) Description of the certificote that the Bank purchased in this securitization: Credit
L7 Suisseoffered and sold to the Bank a senior certificate in this securitization,in tranche 5-A-3-1,
19 47. Evidenceof untrue or misleading statementsabout the LTVs and CLTVs of the mortgage
loans in the collateral pool of this securitization specifically.
20
2l Since the date of this securitization,659 of the 4,345 mortgage loans in the collateral pool
22 have been foreclosedupon. Those 659 propertieswere sold for a total of approximately
23 $144,121,999in foreclosure.The total value ascribedto those sameproperties in the LTV data
25 9263,075,368.Thus, those propertieswere sold for 54.8% of the value ascribedto them, a
27 loans shows that the differencesbetweenthe values ascribedto thesepropertiesand the prices at
28 which the propertieswere sold in foreclosureare significantly greaterthan the declinesin house
SCHEDULESTO COMPLAINT
I prices in the samegeographicalareasover the sameperiods (that is, betweenthe making of each
3 61. Untrue or misleading statementsabout the underwriting guidelines of the originator of the
mortgage loans in the collateral pool of this securitization and about the extent of its
4 compliancewith those guidelines.
6 guidelines of Credit SuisseFinancial Corporation, which originated 35.\yo of the mortgage loans
9 herein are made in the event that compensatingfactors are demonstratedby a prospective
Lo borower."
t2 guidelines of DLJ Mortgage Capital,Inc., which originated 32.74% of the mortgageloans in loan
15 herein are made in the event that compensatingfactors are demonstratedby prospective
16 borrower."
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SCHEDT]LESTO COMPLAINT