rpt10k

10-K 1 rpt10kjpalt2007a1.htm FORM 10-K rpt10k

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

UNITED STATES

[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

(State or Other

(Telephone number,

including area code)

J.P. MORGAN ALTERNATIVE LOAN TRUST 2007-A1

(I.R.S. Employer Identification No.)

(Commission file number of Issuing Entity)

(Address of Principal Executive Offices)

New York, NY

270 Park Avenue

(212) 834-3850

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the
Securities Act.

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.

For the fiscal year ended December 31, 2007

For the transition period from _____________ to _____________

(Exact name of Issuing Entity)

Securities registered pursuant to Section 12(g) of the Act:

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d)
of the Act.

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K ( 229.405
of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in
definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K.
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a

smaller reporting company. See the definitions of "large accelerated filer", "accelerated filer", and "smaller reporting company"
in Rule 12b-2 of the Exchange Act.

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).

Documents incorporated by reference:

State the aggregate market value of the voting and non-voting common equity held by non-affiliates
computed by reference to the price at which the common equity was last sold, or the average bid and
asked price of such common equity, as of the last business day of the registrant's most recently completed
second fiscal quarter.

Not Applicable.

[ Yes] [X No]

[X Yes] [ N o ]

[X]

[ Yes] [X No]

Large accelerated filer [ ]

Accelerated filer [ ]

Non-accelerated filer [X]

(Exact Name of Registrant as Specified in its Charter)

(Exact Name of Sponsor as Specified in its Charter)

J.P. Morgan Acceptance Corporation I (Depositor)

J.P. MORGAN MORTGAGE ACQUISITION CORP.

333-130192-33

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by
Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities
under a plan confirmed by a court.

Not Applicable.

Indicate the number of shares outstanding of each of the registrant's classes of common stock, as of the
last practicable date.

Not Applicable.

List hereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II, etc.)
into which the document is incorporated: (1)Any annual report to security holders; (2) Any proxy or information statement;
and (3)Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed documents should be
clearly described for identification purposes (e.g., annual report to security holders for fiscal year ended December 24, 1980).
Not applicable.

Smaller reporting company [ ]

Item 1. Business.

Item 1A. Risk Factors.

Item 1B. Unresolved Staff Comments.

Item 2. Properties.

Item 3. Legal Proceedings.

Item 4. Submission of Matters to a Vote of Security Holders.

Not Applicable.

Not Applicable.

Not Applicable.

Not Applicable.

Not Applicable.

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities.

Item 6. Selected Financial Data.

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation.

Item 7A. Quantitative and Qualitative Disclosures About Market Risk.

Item 8. Financial Statements and Supplementary Data.

Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.

Item 9A. Controls and Procedures.

Not Applicable.

Not Applicable.

Not Applicable.

Not Applicable.

Not Applicable.

Not Applicable.

Not Applicable.

Not Applicable.

Item 9A(T). Controls and Procedures.

Item 9B. Other Information.

Item 10. Directors and Executive Officers and Corporate Governance.

Item 11. Executive Compensation.

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

Item 13. Certain Relationships and Related Transactions, and Director Independence.

Item 14. Principal Accounting Fees and Services.

Not Applicable.

Not Applicable.

Not Applicable.

Not Applicable.

Not Applicable.

Item 1112(b) of Regulation AB.

Item 1117 of Regulation AB.

Item 1119 of Regulation AB.

Item 1122 of Regulation AB.

Servicer Compliance Statement.

Significant Obligors of Pool Assets (Financial Information).

Legal Proceedings.

Affiliations and Certain Relationships and Related Transactions.

Compliance with Applicable Servicing Criteria

Item 1123 of Regulation AB.

On March 26, 2008, the depositor was served with a class action lawsuit filed by Plumbers' & Pipefitters' Local #562
Supplemental Plan & Trust and Plumbers' & Pipefitters' Local #562 Pension Fund before the Supreme Court of the State
of New York. The suit involves claims under section 11 of the Securities Act of 1933 for alleged false and misleading
registration statements and prospectus supplements filed with the Commission between January 2006 and March 2007.

No single obligor represents 10% or more of the pool assets held by the issuing entity.

No entity or group of affiliated entities provides any external credit enhancement or other support for the certificates
within this transaction as described under Item 1114 (a) of Regulation AB.

JPMorgan Chase Bank, National Association provides an interest rate swap derivative instrument for the trust as
disclosed in the 424(b)(5) filing dated March 1, 2007, Commission File Number 333-130192-33, CIK Number 0001388550.
No additional disclosure is necessary because the significance percentage for the interest rate swap is less than 10%.

Item 1115(b) of Regulation AB.

The information regarding this Item has been previously filed in a 424(b)(5) filing dated March 1, 2007, Commission File
Number 333-130192-33, CIK Number 0001388550.

The reports on assessment of compliance with the servicing criteria for asset-backed securities and the related
attestation reports on such assessments of compliance are attached hereto under Item 15.

The following parties have reported one or more instances of material concompliance with applicable servicing criteria in
their reports on assessments of compliance:

Assurant:
The asserting party did not have, during the Reporting Period, sufficient policies and procedures to capture for the
information with respect to the Platform Transactions necessary to determine compliance with 1122(d)(4)(xii).

Item 1114(b)(2) of Regulation AB.

Credit Enhancement and Other Support, Except for Certain
Derivatives Instruments (Information Regarding Significant
Enhancement Providers Financial Information).

Servicer compliance statements are attached hereto under Item 15.

Certain Derivatives Instruments (Financial Information).

SUBSTITUTE INFORMATION FOR REGULATION AB PROVIDED IN ACCORDANCE WITH GENERAL INSTRUCTION J(2)

TO FORM 10-K.

Item 15. Exhibits, Financial Statement Schedules.

b) Exhibits indentified in paragraph a) above.

c) Not Applicable.

* Filed herewith.

Instruments defining the rights of security holders.

The Pooling And Servicing Agreement, dated as of February 1, 2007, by and among J.P.
Morgan Acceptance Corporation I, as Depositor, HSBC Bank USA, National Association, as
Trustee and U.S. Bank National Association, in its dual capacities as Master Servicer and
Securities Administrator (incorporated herein by reference from Exhibit 4.1 of the Current
Report on Form 8-K of the registrant, as filed with the Commission on March 14, 2007,
Commission File Number 333-130192-33, CIK number 0001388550)

The Trust Agreement dated as of February 1, 2007, by and among J.P. Morgan Acceptance
Corporation I, as Depositor, HSBC Bank USA, National Association, as Trustee and U.S. Bank
National Association, as Master Servicer and Securities Administrator (incorporated herein
by reference from Exhibit 4.1 of the Current Report on Form 8-K/A of the registrant, as filed
with the Commission on January 11, 2008, Commission File Number 333-130192-33, CIK
number 0001388550)

Incorporated by reference as Exhibit 4.

33 Item 1122 Compliance with Applicable Servicing Criteria - Assessments

34 Item 1122 Compliance with Applicable Servicing Criteria - Attestations

35 Item 1123 Servicer Compliance Statement

31 302 Sarbanes-Oxley Certification

a) Assurant Inc., as Vendor*
b) Chase Home Finance LLC, as Servicer*
c) Countrywide Home Loans Servicing LP, as Servicer*
d) Fifth Third Mortgage Company, as Servicer*
e) Greenpoint Mortgage Funding, Inc., as Servicer*
f) JP Morgan Chase Bank, N.A., as Servicer and Custodian*
g) LandAmerica Tax and Flood Services, Inc., as Vendor*
h) PHH Mortgage Corporation, as Servicer*
i) The Bank of New York, as Custodian*
j) U.S. Bank National Association, as Master Servicer and Securities Administrator*
k) Wells Fargo Home Mortgage, Inc., as Servicer*

a) Assurant Inc., as Vendor*
b) Chase Home Finance LLC, as Servicer*
c) Countrywide Home Loans Servicing LP, as Servicer*
d) Fifth Third Mortgage Company, as Servicer*
e) Greenpoint Mortgage Funding, Inc., as Servicer*
f) JP Morgan Chase Bank, N.A., as Servicer and Custodian*
g) LandAmerica Tax and Flood Services, Inc., as Vendor*
h) PHH Mortgage Corporation, as Servicer*
i) The Bank of New York, as Custodian*
j) U.S. Bank National Association, as Master Servicer and Securities Administrator*
k) Wells Fargo Home Mortgage, Inc., as Servicer*

a) Chase Home Finance LLC, as Servicer*
b) Countrywide Home Loans Servicing LP, as Servicer*
c) Fifth Third Mortgage Company, as Servicer*
d) Greenpoint Mortgage Funding, Inc., as Servicer*
e) JP Morgan Chase Bank, N.A., as Servicer*
f) PHH Mortgage Corporation, as Servicer*
g) U.S. Bank National Association, as Master Servicer*
h) Wells Fargo Home Mortgage, Inc., as Servicer*

March 28, 2008

/s/ Bryan Calder

Bryan Calder
President

Pursuant to the requirements of Section 13 or 15(d) 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.

U.S. Bank National Association, as Master Servicer

J.P. MORGAN ALTERNATIVE LOAN TRUST 2007-A1

(Senior Officer in Charge of the Servicing Function of the Master Servicer)

By (Signature and Title):

EXHIBIT INDEX

EXHIBIT DESCRIPTION

33 Item 1122 Compliance with Applicable Servicing Criteria - Assessments

34 Item 1122 Compliance with Applicable Servicing Criteria - Attestations

35 Item 1123 Servicer Compliance Statement

31 302 Sarbanes-Oxley Certification

a) Assurant Inc., as Vendor*
b) Chase Home Finance LLC, as Servicer*
c) Countrywide Home Loans Servicing LP, as Servicer*
d) Fifth Third Mortgage Company, as Servicer*
e) Greenpoint Mortgage Funding, Inc., as Servicer*
f) JP Morgan Chase Bank, N.A., as Servicer and Custodian*
g) LandAmerica Tax and Flood Services, Inc., as Vendor*
h) PHH Mortgage Corporation, as Servicer*
i) The Bank of New York, as Custodian*
j) U.S. Bank National Association, as Master Servicer and Securities Administrator*
k) Wells Fargo Home Mortgage, Inc., as Servicer*

a) Assurant Inc., as Vendor*
b) Chase Home Finance LLC, as Servicer*
c) Countrywide Home Loans Servicing LP, as Servicer*
d) Fifth Third Mortgage Company, as Servicer*
e) Greenpoint Mortgage Funding, Inc., as Servicer*
f) JP Morgan Chase Bank, N.A., as Servicer and Custodian*
g) LandAmerica Tax and Flood Services, Inc., as Vendor*
h) PHH Mortgage Corporation, as Servicer*
i) The Bank of New York, as Custodian*
j) U.S. Bank National Association, as Master Servicer and Securities Administrator*
k) Wells Fargo Home Mortgage, Inc., as Servicer*

a) Chase Home Finance LLC, as Servicer*
b) Countrywide Home Loans Servicing LP, as Servicer*
c) Fifth Third Mortgage Company, as Servicer*
d) Greenpoint Mortgage Funding, Inc., as Servicer*
e) JP Morgan Chase Bank, N.A., as Servicer*
f) PHH Mortgage Corporation, as Servicer*
g) U.S. Bank National Association, as Master Servicer*
h) Wells Fargo Home Mortgage, Inc., as Servicer*

Instruments defining the rights of security holders.

The Pooling And Servicing Agreement, dated as of February 1, 2007, by and among J.P.
Morgan Acceptance Corporation I, as Depositor, HSBC Bank USA, National Association, as
Trustee and U.S. Bank National Association, in its dual capacities as Master Servicer and
Securities Administrator (incorporated herein by reference from Exhibit 4.1 of the Current
Report on Form 8-K of the registrant, as filed with the Commission on March 14, 2007,
Commission File Number 333-130192-33, CIK number 0001388550)

The Trust Agreement dated as of February 1, 2007, by and among J.P. Morgan Acceptance
Corporation I, as Depositor, HSBC Bank USA, National Association, as Trustee and U.S. Bank
National Association, as Master Servicer and Securities Administrator (incorporated herein
by reference from Exhibit 4.1 of the Current Report on Form 8-K/A of the registrant, as filed
with the Commission on January 11, 2008, Commission File Number 333-130192-33, CIK
number 0001388550)

Incorporated by reference as Exhibit 4.