EX-99.1 2 cwheq07e_jan08pds.txt MONTHLY DISTRIBUTION REPORT EXHIBIT 99.1 COUNTRYWIDE REVOLVING HOME EQUITY LOAN TRUST NOTES Series 2007-E Distribution Date: 1/15/2008 -------------------------------------------------------------- ------------------------------------------------------- Table of Contents Page # Trustee Contacts -------------------------------------------------------------- ------------------------------------------------------- 1. Monthly Distribution Summary 1 Officer: Rafael Martinez 713-483-6044 2. Principal Distribution Detail 2 3. Interest Distribution Detail 3 Address: The Bank of New York Mellon 4. Bond Factor Detail 4 601 Travis, 16th Floor 5. Collateral Statement 5 Houston, TX 77002 6. Payment Waterfall 6 ------------------------------------------------------- 7. Distribution Summary & Reconciliation 7 Countrywide Contacts 8. Overcollateralization Details 8 ------------------------------------------------------- 9. Realized Losses 10 Contact: Mortgage Investor Relations 818-225-4444 10. Realized Losses Loan Details 10 11. Delinquency Information 12 Address: Countrywide Financial Corporation 12. Foreclosure Loan Details 13 4500 Park Granada 13. REO Loan Details 14 Calabasas, CA 91302 14. Bankruptcy Loan Details 15 Email: CWMIR@countrywide.com ------------------------------------------------------- -------------------------------------------------------------- Issuance Dates Issuance Information ------------------------------------------------------- -------------------------------------------------------------- Cutoff Date 05/31/07 Sponsor & Master Servicer: Countrywide Home Loans Inc. Record Date 01/14/08 Determination Date 01/10/08 Indenture Trustee Bank of New York Mellon First Distribution Date 07/15/07 Owner Trustee Wilmington Trust Company Accrual Period 30/360 Begin 12/01/07 Note Insurer Financial Security Assurance Inc. End 01/01/08 Custodian: Treasury Bank, NA Number of Days in Accrual Period 30 Accrual Period Actual Day Begin 12/15/07 End 01/15/08 Underwriter(s): Countrywide Securities Corporation Number of Days in Actual Accrual Period 29 -------------------------------------------------------------- -------------------------------------------------------
Certificateholder Monthly Distribution Summary ----------------------------------------------------------------------------------------------------------------------------------- Certificate Pass Current Class Rate Beginning Through Principal Interest Total Realized Ending Class Cusip Description Type Balance Rate (%) Distribution Distribution Distribution Losses Balance ----------------------------------------------------------------------------------------------------------------------------------- A 12670TAA8 Senior Var-Act/360 813,915,289.90 5.177500 8,276,227.50 3,394,648.50 11,670,876.00 0.00 805,639,062.39 EP 12670TAC4 Senior Fix-30/360 0.00 0.000000 0.00 0.00 0.00 0.00 0.00 R1 12670TAD2 Senior Fix-30/360 0.00 0.000000 0.00 0.00 0.00 0.00 0.00 R2 12670TAE0 Senior Fix-30/360 0.00 0.000000 0.00 0.00 0.00 0.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ C 12670TAB6 Residual Var-30/360 820,762,146.45 0.000000 0.00 1.39 1.39 0.00 807,743,345.44 ------------------------------------------------------------------------------------------------------------------------------------ Totals 813,915,289.90 8,276,227.50 3,394,649.89 11,670,877.39 0.00 805,639,062.39 ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------- Cumulative Realized Class Cusip Losses ------------------------------- A 12670TAA8 0.00 EP 12670TAC4 0.00 R1 12670TAD2 0.00 R2 12670TA30 0.00 C 12670TAB6 0.00 -------------------------------- Principal Distribution Detail ---------------------------------------------------------------------------------------------------------------------------------- Original Beginning Net Current Ending Ending Certificate Certificate Principal Realized Certificate Certificate Class Cusip Balance Balance Distribution Losses Balance Factor ---------------------------------------------------------------------------------------------------------------------------------- A 12670TAA8 900,000,000.00 813,915,289.90 8,276,227.50 0.00 805,639,062.39 0.895154514 EP 12670TAC4 0.00 0.00 0.00 0.00 0.00 0.000000000 R1 12670TAD2 0.00 0.00 0.00 0.00 0.00 0.000000000 R2 12670TAE0 100.00 0.00 0.00 0.00 0.00 0.000000000 ---------------------------------------------------------------------------------------------------------------------------------- C 12670TAB6 900,000,000.00 820,762,146.45 0.00 0.00 807,743,345.44 0.897492606 ---------------------------------------------------------------------------------------------------------------------------------- Totals 900,000,100.00 813,915,289.90 8,276,227.50 0.00 805,639,062.39 ----------------------------------------------------------------------------------------------------------------------------------- Interest Distribution Detail ----------------------------------------------------------------------------------------------------------------------------------- Beginning Pass Total Net Rate Net Rate Certificate Through Effective Current Interest Carryover Interest Carryover Class Balance Rate (%) Coupon (%) Interest Due Paid Paid After Dist. ----------------------------------------------------------------------------------------------------------------------------------- A 813915289.90 5.177500 5.177500 3,394,648.50 3,394,648.50 0.00 3,394,648.50 0.00 EP 0.00 0.000000 0.000000 0.00 0.00 0.00 0.00 0.00 R1 0.00 0.000000 0.000000 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.000000 0.000000 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- C 820762146.45 0.000000 0.000002 0.00 0.00 0.00 1.39 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Totals 813915289.90 3,394,648.50 3,394,648.50 0.00 3,394,649.89 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Current Payment Information Factors per $1,000 ---------------------------------------------------------------------------------------------------------------------------------- Original Beginning Cert Ending Cert. Pass Certificate Certificate Principal Interest Certificate Through Class Cusip Balance Balance Distribution Distribution Balance Rate (%) ---------------------------------------------------------------------------------------------------------------------------------- A 12670TAA8 900,000,000.00 904.350322107 9.195808336 3.771831666 895.154513771 5.177500 EP 12670TAC4 0.00 0.000000000 0.000000000 0.000000000 0.000000000 0.000000 R1 12670TAD2 0.00 0.000000000 0.000000000 0.000000000 0.000000000 0.000000 R2 12670TAE0 100.00 0.000000000 0.000000000 0.000000000 0.000000000 0.000000 --------------------------------------------------------------------------------------------------------------------------------- C 12670TAB6 900,000,000.00 911.957940500 0.000000000 0.000001544 897.492606044 0.000000 --------------------------------------------------------------------------------------------------------------------------------- Totals 900,000,100.00 904.350221628 9.195807312 3.771832792 895.154414305 --------------------------------------------------------------------------------------------------------------------------------- Collateral Statement ---------------------- Beginning Loan Count 13,861 Ending Loan Count 13,629 Beginning Collateral Balance 820,762,146.45 Principal Collected -15,507,094.34 Repurchased Principal 0.00 Charge-Offs -6,610,190.87 Liquidation Proceeds -20,547.18 Additional Balances 9,119,031.38 Ending Collateral Balance 807,743,345.44 Net Interest Collected 5,373,726.86 Principal Collected Net of Additional Balances 6,408,610.14 Charged-off Loan Proceeds 0.00 Servicer Remittance 11,782,337.00 Master Servicer Fees 341,984.23 Owner Trustee Fee 0.00 Indenture Trustee Fee 0.00 Loan Mortgage Insurance 0.00 Bond Insurance Premium 111,461.00 Floating Allocation Percentage 100.000000% Investor Interest Collections 5,373,726.86 Transferor Interest Collections 0.00 Investor Principal Collections 6,408,610.14 Transferor Principal Collections 0.00 Average Daily Loan Balance 823,169,936.96 Weighted Average Daily Line of Credit 155,230.14 Weighted Average Daily Coupon 9.256% Weighted Average Daily Net Coupon 8.756% Weighted Average Daily Margin 1.757% Balance of Loans with Credit Limit Modification 0.00 Balance of Loans with Margin Modification 0.00 Balance of Loans with Credit Limit and Margin Modifications 0.00 Rapid Amortization Event NO Rapid Amortization Period NO Payments ---------------------- Section 8.03(a) Investor Interest Collections (i) Owner Trustee and Intenture Trustee Fees 0.00 (ii) Insurance Premium 111,461.00 (iii) Aggregate Investor Interest 3,394,648.50 (iv) Investor Loss Amounts 0.00 (v) Unreimbursed Credit Enhancement Draws 0.00 (vi) Accelerated Principal Payment Amount 1,867,617.36 (vii) Credit Enhancer Payments 0.00 (viii) Master Servicer Payments pursuant to SSA 0.00 (ix) Basis Risk Carryforward Payment 0.00 (x) Remaining, to the Transferor 0.00 Section 8.03(b) Principal Collections Net Draw Payment to R1 0.00 Scheduled Principal Payment 6,408,610.14 Overcollateralization Step Down Amount 0.00 Section 8.03(c) Subordinate Collections Unpaid Owner Trustee and Indenture Trustee Fees 0.00 Unpaid Insurance Premiums 0.00 Unpaid Aggregate Investor Interest 0.00 Unpaid Investor Loss Amounts 0.00 Transferor Interest Collections Paid 0.00 Transferor Principal Paid 0.00 Section 8.03(g) Charged-off Loan Proceeds (i) Unreimbursed Credit Enhancement Draws 0.00 (ii) Investor Loss Amount and class R1 payment 0.00 (iii) to Class E-P 0.00 Total Payments 11,782,337.00 Distribution Summary & Reconciliation ------------------------------------- Distribution Summary Investor Loss Amount 0.00 Accelerated Principal 1,867,617.36 Scheduled Principal Payment Amount 6,408,610.14 Insured Payment 0.00 Total Class A Principal Payment 8,276,227.50 One-Month Libor 5.02750% Class A Margin 0.15000% Interest Formula Interest Rate 5.02750% Maximum Class Interest Rate 7.97238% Class Coupon 5.02750% Aggregate Investor Interest 3,394,648.50 Basis Risk Payments 0.00 Interest Shortfall Paid 0.00 Total Class A Interest Payment 3,394,648.50 Total Class A Payments 11,670,876.00 Transferor Interest Collections 0.00 Transferor Principal Collections 0.00 Additional Balances 0.00 Remaining Investor Interest Collections 0.00 Overcollateralization Step-Down Amount 0.00 Earnings from Basis Risk Reserve 1.39 Total Trans Class Payment 1.39 Servicer Reconciliation Servicer Remittance 11,782,337.00 Earnings from Basis Risk Reserve 1.39 Insurance Premium -111,461.00 Total Class Payments -11,670,877.39 Remaining 0.00 Overcollateralization Details ------------------------------ Step Down Reached on December 2009 NO Step Down Trigger Tests Excess Spread Percentage 2.743% Loss Percentage 9.820% Spread Rate -7.077% Spread Rate Test Trigger Threshold 1.250% Spread Rate Step Down Event in Effect? YES Current Delinquency Rate Percentage 4.701% Rolling 3 Month Delinquency Percentage 4.102% Trigger Threshold 2.500% Rolling 3 Month Delinquency Step Up Event in Effect? YES Current Cumulative Loss Percentage 1.274% Cumulative Loss Test Trigger Threshold 100.000% Cumulative Loss Step Down Test in Effect? NO Step Down Trigger Test in Effect? ( Either one of Above Step Down Tests Fails ) YES Required Transferor Subordinate Amount Original Note Balance 900,000,000.00 Ending Loan Group Balance 807,743,345.44 OC Floor ( 0.50%*Orig. Note Balance ) 4,500,000.00 Prior to Step-Down Date, [2.50%*Orig Note Bal ] 22,500,000.00 After Step-Down Date, [5.00%*End Balance MAX OC Floor ] 40,387,167.27 If Trigger Step Down Event Pursuant to its Respective Threshold [ Last Month's OC Requirement ] 22,500,000.00 Final Subordinate Transferor Requirement 22,500,000.00 Last Month OC Ending Amount 6,846,856.55 Less: Current Month Charge-offs 6,610,190.87 Current Month OC Beginning Amount 236,665.68 OC Requirement 22,500,000.00 OC Deficiency Beginning 22,263,334.32 OC Excess 0.00 OC Reduction 0.00 OC Ending Amount 2,104,283.05 OC Deficiency Ending 20,395,716.95 Excess Interest ( Investor Interest - Owner Trustee Fee - Indenture Trustee Fee - Premium - Note Interest ) 1,867,617.36 Additional Details --------------------- Net Draws 0.00 Net Draws Principal Payment 0.00 Remaining Net Draws 0.00 Charged-off Loan Proceeds 0.00 Realized Lossses -------------------- Investor Loss Amounts 0.00 Investor Loss Amounts Paid 0.00 Investor Loss Amounts Unpaid 0.00 Current Realized Principal Losses 6,610,190.87 Cumulative Realized Principal Losses 11,470,037.92 Current CDR 9.319% -------------- Loss Details ---------------------------------------------------------------------------------------- Loan ID Liquidation Liquidation Realized Previous Current Balance Proceeds Loss Status Non Rate ---------------------------------------------------------------------------------------- Group I 147003555 33,869.18 0.00 33,869.18 DEL 8.000 148616484 29,700.82 0.00 29,700.82 DEL 12.250 149783827 29,300.00 0.00 29,300.00 BK 16.640 157197240 139,000.00 0.00 139,000.00 DEL 10.250 157266766 85,809.75 0.00 85,809.75 DEL 9.000 157488372 235,995.38 0.00 235,995.38 DEL 11.625 158332399 44,100.00 0.00 44,100.00 DEL 11.000 158960939 111,000.00 0.00 111,000.00 DEL 11.125 158967908 103,600.00 0.00 103,600.00 DEL 10.625 158972220 114,000.00 0.00 114,000.00 DEL 9.750 159229002 110,600.00 0.00 110,600.00 DEL 10.250 159308439 525,000.00 0.00 525,000.00 DEL 11.750 159660290 22,150.00 0.00 22,150.00 DEL 16.640 159674283 128,818.54 0.00 128,818.54 DEL 10.875 159674587 155,697.97 0.00 155,697.97 DEL 15.250 159726922 51,050.68 0.00 51,050.68 DEL 11.000 159727050 47,988.99 0.00 47,988.99 DEL 14.000 159727114 36,715.66 0.00 36,715.66 DEL 14.000 159795907 87,000.00 0.00 87,000.00 DEL 12.250 159801363 125,964.25 0.00 125,964.25 DEL 9.250 159867276 23,404.80 0.00 23,404.80 BK 13.075 159913417 88,400.00 0.00 88,400.00 DEL 13.000 159914682 78,499.69 0.00 78,499.69 DEL 8.750 159945789 29,000.00 0.00 29,000.00 REO 9.025 160021615 58,702.97 0.00 58,702.97 DEL 10.875 160028488 95,000.00 0.00 95,000.00 DEL 12.250 160141630 85,000.00 0.00 85,000.00 8.750 160166873 29,737.50 0.00 29,737.50 DEL 9.750 160207758 100,000.00 0.00 100,000.00 DEL 8.750 160217847 175,663.74 0.00 175,663.74 DEL 9.500 160270718 56,000.00 0.00 56,000.00 DEL 10.375 160430082 170,000.00 0.00 170,000.00 DEL 9.000 160621298 135,307.42 -692.58 136,000.00 DEL 9.000 160724647 66,500.00 0.00 66,500.00 DEL 7.875 160956468 190,080.00 0.00 190,080.00 DEL 12.850 163532113 114,050.00 0.00 114,050.00 DEL 12.125 164176174 52,000.00 0.00 52,000.00 DEL 10.000 164267611 129,000.00 0.00 129,000.00 DEL 13.000 164303802 47,188.82 21,239.76 25,949.06 8.250 164325075 125,000.00 0.00 125,000.00 DEL 14.500 164419189 199,000.00 0.00 199,000.00 DEL 10.500 164437954 19,000.00 0.00 19,000.00 DEL 13.750 164494204 190,000.00 0.00 190,000.00 DEL 10.750 164586751 25,500.00 0.00 25,500.00 DEL 10.000 164635218 110,000.00 0.00 110,000.00 DEL 11.125 164635645 27,000.00 0.00 27,000.00 DEL 10.125 164787851 111,000.00 0.00 111,000.00 DEL 9.750 164801536 53,500.00 0.00 53,500.00 DEL 11.000 164808212 68,100.00 0.00 68,100.00 DEL 8.125 164869913 34,690.00 0.00 34,690.00 DEL 9.875 164900411 29,300.00 0.00 29,300.00 DEL 9.750 164967144 13,050.00 0.00 13,050.00 DEL 10.000 165179641 50,100.00 0.00 50,100.00 DEL 10.250 165259139 173,381.62 0.00 173,381.62 DEL 11.125 165366095 147,000.00 0.00 147,000.00 DEL 9.000 165841326 153,999.53 0.00 153,999.53 DEL 12.375 165867390 172,500.00 0.00 172,500.00 DEL 11.250 166096242 149,800.00 0.00 149,800.00 DEL 13.250 167061618 45,050.00 0.00 45,050.00 DEL 9.750 167219867 130,380.00 0.00 130,380.00 DEL 12.750 167708569 108,000.00 0.00 108,000.00 DEL 11.500 168114303 76,800.00 0.00 76,800.00 DEL 9.875 168121420 22,016.00 0.00 22,016.00 DEL 11.000 168132649 39,000.00 0.00 39,000.00 DEL 12.500 168141202 82,500.00 0.00 82,500.00 DEL 12.000 168295139 23,000.00 0.00 23,000.00 DEL 9.125 168345791 74,000.00 0.00 74,000.00 DEL 8.500 168413358 107,250.00 0.00 107,250.00 DEL 11.625 168507848 44,000.00 0.00 44,000.00 DEL 9.750 157481843 85,924.74 0.00 85,924.74 DEL 9.750 ---------------------------------------------------------------------------------------- Delinquency Status ------------------- Group 1 - Delinquency Status ------------------------------ ------------------------------ ---------------------------- --------------------------------- DELIQUENT BANKRUPTCY FORECLOSURE REO ------------------------------ ------------------------------ ---------------------------- --------------------------------- Scheduled Scheduled Scheduled Scheduled Days Count Balance Days Count Balance Days Count Balance Days Count Balance 1 - 29 0 0 1 - 29 0 0 1 - 29 0 0 30 - 59 324 25,372,740 30 - 59 3 325,784 30 - 59 0 0 30 - 59 0 0 60 - 89 158 13,040,896 60 - 89 1 63,800 60 - 89 0 0 60 - 89 0 0 90 - 179 269 23,867,550 90 - 179 10 480,848 90 - 179 1 19,178 90 - 179 2 499,164 180 - 269 0 0 180 - 269 0 0 180 - 269 0 0 180 - 269 0 0 270 - 359 0 0 270 - 359 0 0 270 - 359 0 0 270 - 359 0 0 360+ 0 0 360+ 0 0 360+ 0 0 360+ 0 0 ------------------------------ ------------------------------ ---------------------------- --------------------------------- 751 62,281,187 14 870,433 1 19,178 2 499,164 ------------------------------ ------------------------------ ---------------------------- --------------------------------- --------------------------------- TOTAL --------------------------------- Scheduled Days Count Balance --------------------------------- 1 - 29 0 0 30 - 59 327 25,698,525 60 - 89 159 13,104,696 90 - 179 282 24,866,741 180 - 269 0 0 270 - 359 0 0 360+ 0 0 --------------------------------- 768 63,669,961 --------------------------------- ------------------------------ ------------------------------ ---------------------------- --------------------------------- DELIQUENT BANKRUPTCY FORECLOSURE REO ------------------------------ ------------------------------ ---------------------------- --------------------------------- Scheduled Scheduled Scheduled Scheduled Days Count Balance Days Count Balance Days Count Balance Days Count Balance ------------------------------ ------------------------------ ---------------------------- --------------------------------- 1 - 29 0.000% 0.000% 1 - 29 0.000% 0.000% 1 - 29 0.000% 0.000% 30 - 59 2.377% 3.141% 30 - 59 0.022% 0.040% 30 - 59 0.000% 0.000% 30 - 59 0.000% 0.000% 60 - 89 1.159% 1.614% 60 - 89 0.007% 0.008% 60 - 89 0.000% 0.000% 60 - 89 0.000% 0.000% 90 - 179 1.974% 2.955% 90 - 179 0.073% 0.060% 90 - 179 0.007% 0.002% 90 - 179 0.015% 0.062% 180 - 269 0.000% 0.000% 180 - 269 0.000% 0.000% 180 - 269 0.000% 0.000% 180 - 269 0.000% 0.000% 270 - 359 0.000% 0.000% 270 - 359 0.000% 0.000% 270 - 359 0.000% 0.000% 270 - 359 0.000% 0.000% 360+ 0.000% 0.000% 360+ 0.000% 0.000% 360+ 0.000% 0.000% 360+ 0.000% 0.000% ------------------------------ ------------------------------ ---------------------------- --------------------------------- 5.510% 7.711% 0.103% 0.108% 0.007% 0.002% 0.015% 0.062% ------------------------------ ------------------------------ ---------------------------- --------------------------------- --------------------------------- TOTAL --------------------------------- Scheduled Days Count Balance 1 - 29 0.000% 0.000% 30 - 59 2.399% 3.182% 60 - 89 1.167% 1.622% 90 - 179 2.069% 3.079% 180 - 269 0.000% 0.000% 270 - 359 0.000% 0.000% 360+ 0.000% 0.000% ---------------------------------- 5.635% 7.882% ---------------------------------- Note: Beginning with the remittance report of 11/15/07 forward, the delinquency buckets above do not include Bankruptcies, Foreclosures and REOs. Foreclosure Loan Details ------------------------------------------------------------------------------------------------------- Current Current Original Property Lien Loan ID Status Balance Note Rate LTV Type Status ------------------------------------------------------------------------------------------------------- Group I 156720316 New 19,178.21 7.750 52.79% Single Family Second New Total 19,178.21 ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- REO Loan Details ------------------------------------------------------------------------------------------------------- Current Current Original Property Lien Loan ID Status Balance Note Rate LTV Type Status ------------------------------------------------------------------------------------------------------- Group I 149649410 New 349,164.00 8.250 83.42% Single Family Second ------------------------------------------------------------------------------------------------------- New Total 349,164.00 ------------------------------------------------------------------------------------------------------- 153543411 Existing 150,000.00 10.500 87.50% Single Family Second ------------------------------------------------------------------------------------------------------- Exist Total 150,000.00 Total 499,164.00 ------------------------------------------------------------------------------------------------------- Bankruptcy Loan Details -------------------------------------------------------------------------------------------------------------- Current Current Original Property Lien Loan ID Status Balance Note Rate LTV Type Status -------------------------------------------------------------------------------------------------------------- Group I 164898994 New 120,784.25 11.125 100.00% Single Family Second 164406730 New 21,714.04 10.500 88.20% Single Family Second 160010790 New 65,500.00 9.625 100.00% Single Family Second 159733651 New 94,092.98 10.250 87.75% Single Family Second 157078802 New 9,000.00 11.750 90.00% PUD Second ------------------------------------------------------------------------------------------------------------- New Total 311,091.27 159904016 Existing 65,000.00 13.250 100.00% Low-Rise Condo Second 166477864 Existing 51,850.00 11.125 100.00% Single Family Second 164803465 Existing 49,500.00 9.250 89.10% Multi-Family Second 164595729 Existing 68,391.32 10.750 95.00% Single Family Second 159709664 Existing 140,000.00 8.875 86.36% Single Family Second 159055282 Existing 63,800.00 10.000 90.00% Single Family Second 158704658 Existing 60,000.00 12.125 87.50% Single Family Second 157001486 Existing 11,000.00 11.625 84.14% Single Family Second 156483683 Existing 49,800.00 7.750 100.00% Single Family Second ------------------------------------------------------------------------------------------------------------- Exist Total 559,341.32 ------------------------------------------------------------------------------------------------------------- Total 870,432.59 -------------------------------------------------------------------------------------------------------------