-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, V1h3NChJWn7rW2XrQ+cLb545hl5jdXwhWH/SmlI8AJddoAOPafjPVXi1fXKfjim+ 0nGbkF2KfdN1tHREnAb56g== 0001056404-07-002119.txt : 20070608 0001056404-07-002119.hdr.sgml : 20070608 20070608134008 ACCESSION NUMBER: 0001056404-07-002119 CONFORMED SUBMISSION TYPE: 10-D PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070525 FILED AS OF DATE: 20070608 DATE AS OF CHANGE: 20070608 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Bear Stearns Mortgage Funding Trust 2007-AR4 CENTRAL INDEX KEY: 0001393708 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 333-140247-06 FILM NUMBER: 07909133 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 BUSINESS PHONE: 212272-2000 MAIL ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 10-D 1 bsf07ar4_10d-200705.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: April 30, 2007 to May 25, 2007 Commission File Number of issuing entity: 333-140247-06 Bear Stearns Mortgage Funding Trust 2007-AR4 (Exact name of issuing entity as specified in its charter) Commission File Number of depositor: 333-140247 Structured Asset Mortgage Investments II Inc. (Exact name of depositor as specified in its charter) EMC 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) 54-2199599 54-2199600 54-2199601 54-2199602 54-6744147 (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___ ____________ Underlying I-A-3 _____ _____ __X___ ____________ Grantor Trust I-A-3 _____ _____ __X___ ____________ I-X-1 _____ _____ __X___ ____________ I-X-2 _____ _____ __X___ ____________ I-B-1 _____ _____ __X___ ____________ I-B-2 _____ _____ __X___ ____________ I-B-3 _____ _____ __X___ ____________ I-B-4 _____ _____ __X___ ____________ I-B-5 _____ _____ __X___ ____________ I-B-6 _____ _____ __X___ ____________ I-B-7 _____ _____ __X___ ____________ I-B-8 _____ _____ __X___ ____________ I-B-9 _____ _____ __X___ ____________ II-A-1 _____ _____ __X___ ____________ II-A-2A _____ _____ __X___ ____________ Underlying II-A-2B _____ _____ __X___ ____________ Grantor Trust II-A-2B _____ _____ __X___ ____________ II-A-3 _____ _____ __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-B-IO _____ _____ __X___ ____________ II-B-IO _____ _____ __X___ ____________ R _____ _____ __X___ ____________ RX _____ _____ __X___ ____________ I-XP-1 _____ _____ __X___ ____________ II-XP _____ _____ __X___ ____________ I-XP-2 _____ _____ __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 May 25, 2007 a distribution was made to holders of Bear Stearns Mortgage Funding Trust 2007-AR4. 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 Bear Stearns Mortgage Funding Trust 2007-AR4, relating to the May 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. Bear Stearns Mortgage Funding Trust 2007-AR4 (Issuing Entity) EMC Mortgage Corporation (Servicer) /s/ Mark Novachek Mark Novachek, Senior Vice President Date: June 7, 2007 EXHIBIT INDEX Exhibit Number Description EX-99.1 Monthly report distributed to holders of Bear Stearns Mortgage Funding Trust 2007-AR4, relating to the May 25, 2007 distribution. EX-99.1 Bear Stearns Mortgage Funding Mortgage Pass-Through Certificates Distribution Date: 5/25/2007 Bear Stearns Mortgage Funding Mortgage Pass-Through Certificates Series 2007-AR4 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 07401YAA3 05/24/2007 5.52000% 275,615,000.00 1,056,524.17 I-A-2 07401YAB1 05/24/2007 5.56000% 137,807,000.00 532,088.14 Underlying I-A-3 07401YAZ8 04/30/2007 5.61000% 45,936,000.00 178,959.00 Grantor Trust I-A-3 073324AA3 05/24/2007 5.61000% 45,936,000.00 178,959.00 I-X-1 07401YAD7 04/30/2007 0.08000% 0.00 9,813.45 I-X-2 07401YAE5 04/30/2007 0.50000% 0.00 114,641.37 I-B-1 07401YAF2 05/24/2007 5.75000% 12,366,000.00 49,378.13 I-B-2 07401YAG0 05/24/2007 5.77000% 9,790,000.00 39,227.99 I-B-3 07401YAH8 05/24/2007 5.87000% 3,607,000.00 14,703.53 I-B-4 07401YAJ4 05/24/2007 6.22000% 7,471,000.00 32,270.57 I-B-5 07401YAK1 05/24/2007 6.32000% 3,349,000.00 14,698.39 I-B-6 07401YAL9 05/24/2007 6.52000% 2,576,000.00 11,663.56 I-B-7 07401YAM7 05/24/2007 7.07000% 3,607,000.00 17,709.37 I-B-8 07401YAN5 05/24/2007 7.42000% 2,576,000.00 13,273.56 I-B-9 07401YAP0 05/24/2007 7.42000% 2,834,000.00 14,602.97 II-A-1 07401YAQ8 05/24/2007 5.53000% 437,228,000.00 1,679,076.97 II-A-2A 07401YAR6 05/24/2007 5.56000% 118,614,000.00 457,981.83 Underlying II-A-2B 07401YBF1 04/30/2007 5.56000% 100,000,000.00 386,111.11 Grantor Trust II-A-2B 073324AB1 05/24/2007 5.56000% 100,000,000.00 386,111.11 II-A-3 07401YAT2 05/24/2007 5.62000% 72,871,000.00 284,399.32 II-B-1 07401YAU9 05/24/2007 5.77000% 29,669,000.00 118,882.03 II-B-2 07401YAV7 05/24/2007 6.32000% 15,850,000.00 69,563.89 II-B-3 07401YAW5 05/24/2007 7.07000% 4,064,000.00 19,953.11 II-B-4 07401YAX3 05/24/2007 7.47000% 6,909,000.00 35,840.44 II-B-5 07401YAY1 05/24/2007 7.47000% 4,064,000.00 21,082.00 II-B-6 07401YBG9 04/30/2007 7.47000% 14,631,000.00 75,898.31 I-B-IO 07401YBC8 04/30/2007 0.00000% 7,729,887.83 0.00 II-B-IO 07401YBJ3 04/30/2007 0.00000% 8,942,110.55 1,183,855.14 R 07401YBD6 04/30/2007 0.00000% 0.00 0.00 RX 07401YBE4 04/30/2007 0.00000% 0.00 0.00 I-XP-1 07401YBA2 04/30/2007 0.00000% 0.00 0.00 I-XP-2 07401YBB0 04/30/2007 0.00000% 0.00 4,134.33 II-XP 07401YBH7 04/30/2007 0.00000% 0.00 0.00 Totals 1,474,041,998.38 7,001,402.79
Certificateholder Distribution Summary (continued) Class Principal Current Ending Total Cumulative Distribution Realized Certificate Distribution Realized Loss Balance Losses I-A-1 235,898.47 0.00 275,379,101.53 1,292,422.64 0.00 I-A-2 117,948.81 0.00 137,689,051.19 650,036.95 0.00 Underlying I-A-3 39,316.55 0.00 45,896,683.45 218,275.55 0.00 Grantor Trust I-A-3 39,316.55 0.00 45,896,683.45 218,275.55 0.00 I-X-1 0.00 0.00 0.00 9,813.45 0.00 I-X-2 0.00 0.00 0.00 114,641.37 0.00 I-B-1 0.00 0.00 12,366,000.00 49,378.13 0.00 I-B-2 0.00 0.00 9,790,000.00 39,227.99 0.00 I-B-3 0.00 0.00 3,607,000.00 14,703.53 0.00 I-B-4 0.00 0.00 7,471,000.00 32,270.57 0.00 I-B-5 0.00 0.00 3,349,000.00 14,698.39 0.00 I-B-6 0.00 0.00 2,576,000.00 11,663.56 0.00 I-B-7 0.00 0.00 3,607,000.00 17,709.37 0.00 I-B-8 0.00 0.00 2,576,000.00 13,273.56 0.00 I-B-9 0.00 0.00 2,834,000.00 14,602.97 0.00 II-A-1 0.00 0.00 437,228,000.00 1,679,076.97 0.00 II-A-2A 0.00 0.00 118,614,000.00 457,981.83 0.00 Underlying II-A-2B 0.00 0.00 100,000,000.00 386,111.11 0.00 Grantor Trust II-A-2B 0.00 0.00 100,000,000.00 386,111.11 0.00 II-A-3 0.00 0.00 72,871,000.00 284,399.32 0.00 II-B-1 0.00 0.00 29,669,000.00 118,882.03 0.00 II-B-2 0.00 0.00 15,850,000.00 69,563.89 0.00 II-B-3 0.00 0.00 4,064,000.00 19,953.11 0.00 II-B-4 0.00 0.00 6,909,000.00 35,840.44 0.00 II-B-5 0.00 0.00 4,064,000.00 21,082.00 0.00 II-B-6 0.00 0.00 14,631,000.00 75,898.31 0.00 I-B-IO 0.00 0.00 7,728,958.31 0.00 0.00 II-B-IO 0.00 0.00 9,495,965.72 1,183,855.14 0.00 R 0.00 0.00 0.00 0.00 0.00 RX 0.00 0.00 0.00 0.00 0.00 I-XP-1 0.00 0.00 0.00 0.00 0.00 I-XP-2 0.00 0.00 0.00 4,134.33 0.00 II-XP 0.00 0.00 0.00 0.00 0.00 Totals 432,480.38 0.00 1,474,162,443.65 7,433,883.17 0.00 This report has been compiled from information provided to Wells Fargo Bank, N.A., by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, N.A., has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A., expressly disclaims any responsibility for the accuracy or completeness of information furnished by 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-1 275,615,000.00 275,615,000.00 0.00 235,898.47 0.00 I-A-2 137,807,000.00 137,807,000.00 0.00 117,948.81 0.00 Underlying I-A-3 45,936,000.00 45,936,000.00 0.00 39,316.55 0.00 Grantor Trust I-A-3 45,936,000.00 45,936,000.00 0.00 39,316.55 0.00 I-X-1 0.00 0.00 0.00 0.00 0.00 I-X-2 0.00 0.00 0.00 0.00 0.00 I-B-1 12,366,000.00 12,366,000.00 0.00 0.00 0.00 I-B-2 9,790,000.00 9,790,000.00 0.00 0.00 0.00 I-B-3 3,607,000.00 3,607,000.00 0.00 0.00 0.00 I-B-4 7,471,000.00 7,471,000.00 0.00 0.00 0.00 I-B-5 3,349,000.00 3,349,000.00 0.00 0.00 0.00 I-B-6 2,576,000.00 2,576,000.00 0.00 0.00 0.00 I-B-7 3,607,000.00 3,607,000.00 0.00 0.00 0.00 I-B-8 2,576,000.00 2,576,000.00 0.00 0.00 0.00 I-B-9 2,834,000.00 2,834,000.00 0.00 0.00 0.00 II-A-1 437,228,000.00 437,228,000.00 0.00 0.00 0.00 II-A-2A 118,614,000.00 118,614,000.00 0.00 0.00 0.00 Underlying II-A-2B 100,000,000.00 100,000,000.00 0.00 0.00 0.00 Grantor Trust II-A-2B 100,000,000.00 100,000,000.00 0.00 0.00 0.00 II-A-3 72,871,000.00 72,871,000.00 0.00 0.00 0.00 II-B-1 29,669,000.00 29,669,000.00 0.00 0.00 0.00 II-B-2 15,850,000.00 15,850,000.00 0.00 0.00 0.00 II-B-3 4,064,000.00 4,064,000.00 0.00 0.00 0.00 II-B-4 6,909,000.00 6,909,000.00 0.00 0.00 0.00 II-B-5 4,064,000.00 4,064,000.00 0.00 0.00 0.00 II-B-6 14,631,000.00 14,631,000.00 0.00 0.00 0.00 I-B-IO 7,729,887.83 7,729,887.83 0.00 0.00 0.00 II-B-IO 8,942,110.55 8,942,110.55 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 RX 0.00 0.00 0.00 0.00 0.00 I-XP-1 0.00 0.00 0.00 0.00 0.00 I-XP-2 0.00 0.00 0.00 0.00 0.00 II-XP 0.00 0.00 0.00 0.00 0.00 Totals 1,474,041,998.38 1,474,041,998.38 0.00 432,480.38 0.00
Principal Distribution Statement (continued) Class Realized Total Ending Ending Total Loss Principal Certificate Certificate Principal Reduction Balance Percentage Distribution I-A-1 0.00 235,898.47 275,379,101.53 0.99914410 235,898.47 I-A-2 0.00 117,948.81 137,689,051.19 0.99914410 117,948.81 Underlying I-A-3 0.00 39,316.55 45,896,683.45 0.99914410 39,316.55 Grantor Trust I-A-3 0.00 39,316.55 45,896,683.45 0.99914410 39,316.55 I-X-1 0.00 0.00 0.00 0.00000000 0.00 I-X-2 0.00 0.00 0.00 0.00000000 0.00 I-B-1 0.00 0.00 12,366,000.00 1.00000000 0.00 I-B-2 0.00 0.00 9,790,000.00 1.00000000 0.00 I-B-3 0.00 0.00 3,607,000.00 1.00000000 0.00 I-B-4 0.00 0.00 7,471,000.00 1.00000000 0.00 I-B-5 0.00 0.00 3,349,000.00 1.00000000 0.00 I-B-6 0.00 0.00 2,576,000.00 1.00000000 0.00 I-B-7 0.00 0.00 3,607,000.00 1.00000000 0.00 I-B-8 0.00 0.00 2,576,000.00 1.00000000 0.00 I-B-9 0.00 0.00 2,834,000.00 1.00000000 0.00 II-A-1 0.00 0.00 437,228,000.00 1.00000000 0.00 II-A-2A 0.00 0.00 118,614,000.00 1.00000000 0.00 Underlying II-A-2B 0.00 0.00 100,000,000.00 1.00000000 0.00 Grantor Trust II-A-2B 0.00 0.00 100,000,000.00 1.00000000 0.00 II-A-3 0.00 0.00 72,871,000.00 1.00000000 0.00 II-B-1 0.00 0.00 29,669,000.00 1.00000000 0.00 II-B-2 0.00 0.00 15,850,000.00 1.00000000 0.00 II-B-3 0.00 0.00 4,064,000.00 1.00000000 0.00 II-B-4 0.00 0.00 6,909,000.00 1.00000000 0.00 II-B-5 0.00 0.00 4,064,000.00 1.00000000 0.00 II-B-6 0.00 0.00 14,631,000.00 1.00000000 0.00 I-B-IO 0.00 0.00 7,728,958.31 0.99987975 0.00 II-B-IO 0.00 0.00 9,495,965.72 1.06193786 0.00 R 0.00 0.00 0.00 0.00000000 0.00 RX 0.00 0.00 0.00 0.00000000 0.00 I-XP-1 0.00 0.00 0.00 0.00000000 0.00 I-XP-2 0.00 0.00 0.00 0.00000000 0.00 II-XP 0.00 0.00 0.00 0.00000000 0.00 Totals 0.00 432,480.38 1,474,162,443.65 1.00008171 432,480.38
Principal Distribution Factors Statement Class Original Beginning Scheduled UnScheduled Accretion Face Certificate Principal Principal Amount Balance Distribution Distribution I-A-1 275,615,000.00 1000.00000000 0.00000000 0.85589852 0.00000000 I-A-2 137,807,000.00 1000.00000000 0.00000000 0.85589854 0.00000000 Underlying I-A-3 45,936,000.00 1000.00000000 0.00000000 0.85589842 0.00000000 Grantor Trust I-A-3 45,936,000.00 1000.00000000 0.00000000 0.85589842 0.00000000 I-X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-B-1 12,366,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-B-2 9,790,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-B-3 3,607,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-B-4 7,471,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-B-5 3,349,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-B-6 2,576,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-B-7 3,607,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-B-8 2,576,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-B-9 2,834,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-A-1 437,228,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-A-2A 118,614,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 Underlying II-A-2B 100,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 Grantor Trust II-A-2B 100,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-A-3 72,871,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-B-1 29,669,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-B-2 15,850,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-B-3 4,064,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-B-4 6,909,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-B-5 4,064,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-B-6 14,631,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-B-IO 7,729,887.83 1000.00000000 0.00000000 0.00000000 0.00000000 II-B-IO 8,942,110.55 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 RX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-XP-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-XP-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-XP 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 0.85589852 999.14410148 0.99914410 0.85589852 I-A-2 0.00000000 0.85589854 999.14410146 0.99914410 0.85589854 Underlying I-A-3 0.00000000 0.85589842 999.14410158 0.99914410 0.85589842 Grantor Trust I-A-3 0.00000000 0.85589842 999.14410158 0.99914410 0.85589842 I-X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 I-B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 I-B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 I-B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 I-B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 I-B-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 I-B-7 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 I-B-8 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 I-B-9 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 II-A-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 II-A-2A 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 Underlying II-A-2B 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 Grantor Trust II-A-2B 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 II-A-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 II-B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 II-B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 II-B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 II-B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 II-B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 II-B-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 I-B-IO 0.00000000 0.00000000 999.87974987 0.99987975 0.00000000 II-B-IO 0.00000000 0.00000000 1061.93785761 1.06193786 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 RX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-XP-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-XP-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-XP 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 04/30/07 - 05/24/07 25 5.52000% 275,615,000.00 1,056,524.17 186,230.50 I-A-2 04/30/07 - 05/24/07 25 5.56000% 137,807,000.00 532,088.14 96,942.88 Underlying I-A-3 04/30/07 - 05/24/07 25 5.61000% 45,936,000.00 178,959.00 33,909.53 Grantor Trust I-A-3 04/30/07 - 05/24/07 25 5.61000% 45,936,000.00 178,959.00 0.00 I-X-1 04/01/07 - 04/30/07 30 0.08000% 147,201,714.00 9,813.45 0.00 I-X-2 04/01/07 - 04/30/07 30 0.50000% 275,139,297.00 114,641.37 0.00 I-B-1 04/30/07 - 05/24/07 25 5.75000% 12,366,000.00 49,378.13 10,330.72 I-B-2 04/30/07 - 05/24/07 25 5.77000% 9,790,000.00 39,227.99 8,314.66 I-B-3 04/30/07 - 05/24/07 25 5.87000% 3,607,000.00 14,703.53 3,313.92 I-B-4 04/30/07 - 05/24/07 25 6.22000% 7,471,000.00 32,270.57 8,679.82 I-B-5 04/30/07 - 05/24/07 25 6.32000% 3,349,000.00 14,698.39 4,123.44 I-B-6 04/30/07 - 05/24/07 25 6.52000% 2,576,000.00 11,663.56 3,529.47 I-B-7 04/30/07 - 05/24/07 25 7.07000% 3,607,000.00 17,709.37 6,319.75 I-B-8 04/30/07 - 05/24/07 25 7.42000% 2,576,000.00 13,273.56 5,139.47 I-B-9 04/30/07 - 05/24/07 25 7.42000% 2,834,000.00 14,602.97 5,654.21 II-A-1 04/30/07 - 05/24/07 25 5.53000% 437,228,000.00 1,679,076.97 0.00 II-A-2A 04/30/07 - 05/24/07 25 5.56000% 118,614,000.00 457,981.83 0.00 Underlying II-A-2B 04/30/07 - 05/24/07 25 5.56000% 100,000,000.00 386,111.11 0.00 Grantor Trust II-A-2B 04/30/07 - 05/24/07 25 5.56000% 100,000,000.00 386,111.11 0.00 II-A-3 04/30/07 - 05/24/07 25 5.62000% 72,871,000.00 284,399.32 0.00 II-B-1 04/30/07 - 05/24/07 25 5.77000% 29,669,000.00 118,882.03 0.00 II-B-2 04/30/07 - 05/24/07 25 6.32000% 15,850,000.00 69,563.89 0.00 II-B-3 04/30/07 - 05/24/07 25 7.07000% 4,064,000.00 19,953.11 0.00 II-B-4 04/30/07 - 05/24/07 25 7.47000% 6,909,000.00 35,840.44 0.00 II-B-5 04/30/07 - 05/24/07 25 7.47000% 4,064,000.00 21,082.00 0.00 II-B-6 04/30/07 - 05/24/07 25 7.47000% 14,631,000.00 75,898.31 0.00 I-B-IO N/A N/A 0.00000% 7,729,887.83 0.00 0.00 II-B-IO N/A N/A 0.00000% 8,942,110.55 0.00 0.00 R N/A N/A 0.00000% 0.00 0.00 0.00 RX N/A N/A 0.00000% 0.00 0.00 0.00 I-XP-1 N/A N/A 0.00000% 0.00 0.00 0.00 I-XP-2 N/A N/A 0.00000% 0.00 0.00 0.00 II-XP N/A N/A 0.00000% 0.00 0.00 0.00 Totals 5,813,413.32 372,488.37
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-1 186,230.50 0.00 1,056,524.17 0.00 275,379,101.53 I-A-2 96,942.88 0.00 532,088.14 0.00 137,689,051.19 Underlying I-A-3 33,909.53 0.00 178,959.00 0.00 45,896,683.45 Grantor Trust I-A-3 0.00 0.00 178,959.00 0.00 45,896,683.45 I-X-1 0.00 0.00 9,813.45 0.00 147,266,427.55 I-X-2 0.00 0.00 114,641.37 0.00 274,996,184.98 I-B-1 10,330.72 0.00 49,378.13 0.00 12,366,000.00 I-B-2 8,314.66 0.00 39,227.99 0.00 9,790,000.00 I-B-3 3,313.92 0.00 14,703.53 0.00 3,607,000.00 I-B-4 8,679.82 0.00 32,270.57 0.00 7,471,000.00 I-B-5 4,123.44 0.00 14,698.39 0.00 3,349,000.00 I-B-6 3,529.47 0.00 11,663.56 0.00 2,576,000.00 I-B-7 6,319.75 0.00 17,709.37 0.00 3,607,000.00 I-B-8 5,139.47 0.00 13,273.56 0.00 2,576,000.00 I-B-9 5,654.21 0.00 14,602.97 0.00 2,834,000.00 II-A-1 0.00 0.00 1,679,076.97 0.00 437,228,000.00 II-A-2A 0.00 0.00 457,981.83 0.00 118,614,000.00 Underlying II-A-2B 0.00 0.00 386,111.11 0.00 100,000,000.00 Grantor Trust II-A-2B 0.00 0.00 386,111.11 0.00 100,000,000.00 II-A-3 0.00 0.00 284,399.32 0.00 72,871,000.00 II-B-1 0.00 0.00 118,882.03 0.00 29,669,000.00 II-B-2 0.00 0.00 69,563.89 0.00 15,850,000.00 II-B-3 0.00 0.00 19,953.11 0.00 4,064,000.00 II-B-4 0.00 0.00 35,840.44 0.00 6,909,000.00 II-B-5 0.00 0.00 21,082.00 0.00 4,064,000.00 II-B-6 0.00 0.00 75,898.31 0.00 14,631,000.00 I-B-IO 0.00 0.00 0.00 0.00 7,728,958.31 II-B-IO 0.00 0.00 1,183,855.14 0.00 9,495,965.72 R 0.00 0.00 0.00 0.00 0.00 RX 0.00 0.00 0.00 0.00 0.00 I-XP-1 0.00 0.00 0.00 0.00 0.00 I-XP-2 0.00 0.00 4,134.33 0.00 0.00 II-XP 0.00 0.00 0.00 0.00 0.00 Totals 372,488.37 0.00 7,001,402.79 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-1 275,615,000.00 5.52000% 1000.00000000 3.83333335 0.67569073 I-A-2 137,807,000.00 5.56000% 1000.00000000 3.86111112 0.70346847 Underlying I-A-3 45,936,000.00 5.61000% 1000.00000000 3.89583333 0.73819074 Grantor Trust I-A-3 45,936,000.00 5.61000% 1000.00000000 3.89583333 0.00000000 I-X-1 0.00 0.08000% 0.00000000 0.00000000 0.00000000 I-X-2 0.00 0.50000% 0.00000000 0.00000000 0.00000000 I-B-1 12,366,000.00 5.75000% 1000.00000000 3.99305596 0.83541323 I-B-2 9,790,000.00 5.77000% 1000.00000000 4.00694484 0.84930133 I-B-3 3,607,000.00 5.87000% 1000.00000000 4.07638758 0.91874688 I-B-4 7,471,000.00 6.22000% 1000.00000000 4.31944452 1.16180163 I-B-5 3,349,000.00 6.32000% 1000.00000000 4.38888922 1.23124515 I-B-6 2,576,000.00 6.52000% 1000.00000000 4.52777950 1.37013587 I-B-7 3,607,000.00 7.07000% 1000.00000000 4.90972276 1.75207929 I-B-8 2,576,000.00 7.42000% 1000.00000000 5.15277950 1.99513587 I-B-9 2,834,000.00 7.42000% 1000.00000000 5.15277699 1.99513409 II-A-1 437,228,000.00 5.53000% 1000.00000000 3.84027777 0.00000000 II-A-2A 118,614,000.00 5.56000% 1000.00000000 3.86111108 0.00000000 Underlying II-A-2B 100,000,000.00 5.56000% 1000.00000000 3.86111110 0.00000000 Grantor Trust II-A-2B 100,000,000.00 5.56000% 1000.00000000 3.86111110 0.00000000 II-A-3 72,871,000.00 5.62000% 1000.00000000 3.90277779 0.00000000 II-B-1 29,669,000.00 5.77000% 1000.00000000 4.00694429 0.00000000 II-B-2 15,850,000.00 6.32000% 1000.00000000 4.38888896 0.00000000 II-B-3 4,064,000.00 7.07000% 1000.00000000 4.90972195 0.00000000 II-B-4 6,909,000.00 7.47000% 1000.00000000 5.18750036 0.00000000 II-B-5 4,064,000.00 7.47000% 1000.00000000 5.18750000 0.00000000 II-B-6 14,631,000.00 7.47000% 1000.00000000 5.18749983 0.00000000 I-B-IO 7,729,887.83 0.00000% 1000.00000000 0.00000000 0.00000000 II-B-IO 8,942,110.55 0.00000% 1000.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 RX 0.00 0.00000% 0.00000000 0.00000000 0.00000000 I-XP-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 I-XP-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 II-XP 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 0.67569073 0.00000000 3.83333335 0.00000000 999.14410148 I-A-2 0.70346847 0.00000000 3.86111112 0.00000000 999.14410146 Underlying I-A-3 0.73819074 0.00000000 3.89583333 0.00000000 999.14410158 Grantor Trust I-A-3 0.00000000 0.00000000 3.89583333 0.00000000 999.14410158 I-X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-B-1 0.83541323 0.00000000 3.99305596 0.00000000 1000.00000000 I-B-2 0.84930133 0.00000000 4.00694484 0.00000000 1000.00000000 I-B-3 0.91874688 0.00000000 4.07638758 0.00000000 1000.00000000 I-B-4 1.16180163 0.00000000 4.31944452 0.00000000 1000.00000000 I-B-5 1.23124515 0.00000000 4.38888922 0.00000000 1000.00000000 I-B-6 1.37013587 0.00000000 4.52777950 0.00000000 1000.00000000 I-B-7 1.75207929 0.00000000 4.90972276 0.00000000 1000.00000000 I-B-8 1.99513587 0.00000000 5.15277950 0.00000000 1000.00000000 I-B-9 1.99513409 0.00000000 5.15277699 0.00000000 1000.00000000 II-A-1 0.00000000 0.00000000 3.84027777 0.00000000 1000.00000000 II-A-2A 0.00000000 0.00000000 3.86111108 0.00000000 1000.00000000 Underlying II-A-2B 0.00000000 0.00000000 3.86111110 0.00000000 1000.00000000 Grantor Trust II-A-2B 0.00000000 0.00000000 3.86111110 0.00000000 1000.00000000 II-A-3 0.00000000 0.00000000 3.90277779 0.00000000 1000.00000000 II-B-1 0.00000000 0.00000000 4.00694429 0.00000000 1000.00000000 II-B-2 0.00000000 0.00000000 4.38888896 0.00000000 1000.00000000 II-B-3 0.00000000 0.00000000 4.90972195 0.00000000 1000.00000000 II-B-4 0.00000000 0.00000000 5.18750036 0.00000000 1000.00000000 II-B-5 0.00000000 0.00000000 5.18750000 0.00000000 1000.00000000 II-B-6 0.00000000 0.00000000 5.18749983 0.00000000 1000.00000000 I-B-IO 0.00000000 0.00000000 0.00000000 0.00000000 999.87974987 II-B-IO 0.00000000 0.00000000 132.39102037 0.00000000 1061.93785761 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 RX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-XP-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-XP-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-XP 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 7,667,404.93 Reserve Funds and Credit Enhancements 0.00 Proceeds from Repurchased Loans 0.00 Servicer Advances 91,371.68 Gains & Subsequent Recoveries (Realized Losses) 0.00 Prepayment Penalties 4,134.33 Swap/Cap Payments 0.00 Total Deposits 7,762,910.94 Withdrawals Swap Payments 0.00 Reserve Funds and Credit Enhancements 0.00 Total Administration Fees 329,027.77 Payment of Interest and Principal 7,433,883.17 Total Withdrawals (Pool Distribution Amount) 7,762,910.94 Ending Balance 0.00 Servicer Advances are calculated as delinquent scheduled principal and interest.
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
ADMINISTRATION FEES Gross Servicing Fee* 328,828.36 Lender Paid Primary Mortgage Insurance* 199.41 Supported Prepayment/Curtailment Interest Shortfall 0.00 Total Administration Fees 329,027.77 *Servicer Payees include: EMC MORTGAGE CORPORATION NOTE: Lender Paid Primary Motgage Insurance - Triad Guaranty.
Reserve and Guaranty Funds Account Name Beginning Current Current Ending Balance Withdrawals Deposits Balance Final Maturity Reserve Account 0.00 0.00 0.00 0.00 Reserve Fund* 0.00 0.00 0.00 0.00 Group I Adjustable Rate Supplemental Fund 590,000.00 347,151.17 0.00 242,848.83 Group II Adjustable Rate Supplemental Fund 25,000.00 0.00 0.00 25,000.00 Class XP Reserve Account 0.00 0.00 0.00 0.00 Hedge Funds Account Name Funds In (A) Funds Out(B) Net Amount(A - B) Corridor Contract Payment # FXBSMF74C1* 0.00 0.00 0.00 Corridor Contract Payment # FXBSMF74C2* 0.00 0.00 0.00 Corridor Contract Payment # FXBSMF74C3* 0.00 0.00 0.00 Corridor Contract Payment # FXBSMF74C4* 0.00 0.00 0.00 Corridor Contract Payment # FXBSMF74C5* 0.00 0.00 0.00 Corridor Contract Payment # FXBSMF74C6* 0.00 0.00 0.00 Corridor Contract Payment # FXBSMF74C7* 0.00 0.00 0.00 NOTE: *Reserve Fund, Wells Fargo Bank, National Association as Trustee f/b/o holders of Structured Asset Mortgage Investments II Inc., Bear Stearns Mortgage Funding Trust 2007-AR4, Mortgage Pass-Through Certificates, Series 2007-AR4. NOTE: *BSFP - Bear Stearns Financial Products Inc.
Collateral Statement Group Group I Group II Collateral Description Mixed ARM 6 Month LIBOR ARM Weighted Average Coupon Rate 4.548045 7.589307 Weighted Average Net Rate 4.173045 7.214307 Weighted Average Pass-Through Rate 4.173045 7.213946 Weighted Average Remaining Term 396 359 Principal And Interest Constant 1,027,380.84 2,537,479.16 Beginning Loan Count 857 1,715 Loans Paid in Full 2 3 Ending Loan Count 855 1,712 Beginning Scheduled Balance 389,049,438.50 663,201,293.55 Ending Scheduled Balance 388,655,345.68 663,755,148.72 Actual Ending Collateral Balance 388,234,839.71 662,414,585.89 Scheduled Principal (447,131.09) (1,656,886.07) Unscheduled Principal 841,223.91 1,103,030.90 Scheduled Interest 1,474,511.93 4,194,365.23 Servicing Fees 121,577.96 207,250.40 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 199.41 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 1,352,933.97 3,986,915.42 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalty Waived Amount 0.00 0.00 Prepayment Penalty Waived Count 0 0 Prepayment Penalty Paid Amount 4,134.33 0.00 Prepayment Penalty Paid Count 1 0 Special Servicing Fee 0.00 0.00
Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 6.464859 Weighted Average Net Rate 6.089859 Weighted Average Pass-Through Rate 6.089632 Weighted Average Remaining Term 372 Principal And Interest Constant 3,564,860.00 Beginning Loan Count 2,572 Loans Paid in Full 5 Ending Loan Count 2,567 Beginning Scheduled Balance 1,052,250,732.05 Ending Scheduled Balance 1,052,410,494.40 Actual Ending Collateral Balance 1,050,649,425.60 Scheduled Principal (2,104,017.16) Unscheduled Principal 1,944,254.81 Scheduled Interest 5,668,877.16 Servicing Fees 328,828.36 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 199.41 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 5,339,849.39 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalty Waived Amount 0.00 Prepayment Penalty Waived Count 0 Prepayment Penalty Paid Amount 4,134.33 Prepayment Penalty Paid Count 1 Special Servicing Fee 0.00
Miscellaneous Reporting - Deal Level Miscellaneous Reporting Item Value Initial Group I Pre-Funded Principal Account Deposit: $ 126,214,449.00 Withdrawls: $ 0.00 Deposits: $ 0.00 Ending Group I Pre-Funded Principal Account Funds:: $ 126,214,449.00 Initial Group I Interest Coverage Account Deposit: $ 1,200,045.00 Withdrawls: $ 398,540.05 Deposits: $ 0.00 Ending Group I Interest Coverage Account Funds: $ 801,504.95 Initial Group II Pre-Funded Principal Account Deposit: $149,640,817.00 Withdrawls: $ 0.00 Deposits: $ 0.00 Ending Group II Pre-Funded Principal Account Funds: $149,640,817.00 Initial Group II Interest Coverage Account Deposit: $ 1,424,028.00 Withdrawls: $ 899,583.91 Deposits: $ 0.00 Ending Group II Interest Coverage Account Funds: $ 524,444.09
Additional Reporting - Deal Level Cash Reporting I-A-3 GT Swap Payment In #CXBSMF74G1** 0.00 II-A-2B GT Swap Payment In #CXBSMF74G2** 0.00 I-A-3 GT Swap Payment Out #CXBSMF74G1** 0.00 II-A-2 GT Swap Payment Out #CXBSMF74G2** 0.00 NOTE: **BSCM - Bear Stearns Capital Markets Inc.
Additional Reporting - Group Level Informational Reporting Group I Net Deferred Interest I-A-1 0.00 Net Deferred Interest I-A-2 0.00 Net Deferred Interest Underlying I-A-3 0.00 Net Deferred Interest I-B-1 0.00 Net Deferred Interest I-B-2 0.00 Net Deferred Interest I-B-3 0.00 Net Deferred Interest I-B-4 0.00 Net Deferred Interest I-B-5 0.00 Net Deferred Interest I-B-6 0.00 Net Deferred Interest I-B-7 0.00 Net Deferred Interest I-B-8 0.00 Net Deferred Interest I-B-9 0.00 Aggregate Net Deferred Interest 0.00 Credit Enhancement Percentage 10.858257% Three-Month Rolling DLQ Average 0.000000% Group II Net Deferred Interest II-A-1 0.00 Net Deferred Interest II-A-2A 0.00 Net Deferred Interest II-A-2B 0.00 Net Deferred Interest II-A-3 0.00 Net Deferred Interest II-B-1 0.00 Net Deferred Interest II-B-2 0.00 Net Deferred Interest II-B-3 0.00 Net Deferred Interest II-B-4 0.00 Net Deferred Interest II-B-5 0.00 Net Deferred Interest II-B-6 0.00 Aggregate Net Deferred Interest 553,855.17 Credit Enhancement Percentage 10.342947% Three-Month Rolling DLQ Average 0.000000% Miscellaneous Reporting Group I Net Rate Cap 4.547005% Group II Net Rate Cap 8.656735% Structural Reporting Group I Overcollateralization Amount 7,728,958.31 Overcollateralization Deficiency Amount 0.00 Overcollateralization Release Amount 928.99 Overcollateralization Target Amount 7,728,958.31 Excess Spread 24,408.21 Extra Principal Distribution Amount 0.00 Group II Overcollateralization Amount 9,495,965.72 Overcollateralization Deficiency Amount 0.00 Overcollateralization Release Amount 0.00 Overcollateralization Target Amount 8,941,263.22 Excess Spread 1,183,855.14 Extra Principal Distribution Amount 0.00 Trigger Event Reporting Group I Group I Cumulative Loss Test Trigger Result Pass Threshold Value 0.450000% Calculated Value 0.000000% Group I Delinquency Test Trigger Result Pass Threshold Value 2.801430% Calculated Value 0.000000% Group I Trigger Event Trigger Result Pass Group II Group II Cumulative Loss Test Trigger Result Pass Threshold Value 0.400000% Calculated Value 0.000000% Group II Delinquency Test Trigger Result Pass Threshold Value 2.797767% Calculated Value 0.000000% Group II Trigger Event 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 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 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% 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.
Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 91,371.68
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 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% 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 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.
REO Detail - All Mortgage Loans in REO during Current Period Summary - No REO Information to report this period. Group I - No REO Information to report this period. Group II - No REO Information to report this period.
REO Loan Detail - All Mortgage Loans in REO during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number REO Date State Origination Balance No REO Loans this Period
REO Loan Detail - All Mortgage Loans in REO during Current Period (continued) Current Paid Current Approximate Loan Actual To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest No REO Loans this Period
Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period Summary - No Foreclosure Information to report this period. Group I - No Foreclosure Information to report this period. Group II - No Foreclosure Information to report this period.
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 No Foreclosure Loans this Period
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 No Foreclosure Loans this Period
Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period Summary - No Bankruptcy Information to report this period. Group I - No Bankruptcy Information to report this period. 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 No Bankruptcy Loans this Period
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 No Bankruptcy Loans this Period
Realized Loss Detail Report - Loans with Losses during Current Period Summary # Loans Prior Realized Current with Actual Loss/(Gain) Loss Group Losses Balance Amount Percentage Group I 0 0.00 0.00 0.000% Group II 0 0.00 0.00 0.000% Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period Original Current Loan Principal Note LTV at Original Group Number Balance Rate State Origination Term No Losses this Period
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued) Prior Cumulative Loan Actual Realized Realized Group Number Balance Loss/(Gain) Loss/(Gain) No Losses this Period
Realized Loss Report - Collateral Summary - No Realized Loss Information to report this period. Group I - No Realized Loss Information to report this period. Group II - No Realized Loss Information to report this period. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Scheduled Balance of Liquidated Loans)/ sum(Beg Scheduled Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR / (WAS * 0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR / 0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR / (0.6 - ((WAS - 60) * 0.0095)) else if WAS is greater than 120 then CDR / 0.03 Cumulative Loss Severity: Sum (Realized Losses) / Sum (Ending Actual Balance for loans that have experienced a loss).
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 2 690,500.00 690,933.03 0 0.00 0.00 Group II 3 993,800.00 996,284.50 0 0.00 0.00 Total 5 1,684,300.00 1,687,217.53 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 0.00 150,290.88 Group II 0 0.00 0.00 0 0.00 0.00 106,746.40 Total 0 0.00 0.00 0 0.00 0.00 257,037.28
Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group I 0016947046 MI 47.75 01-Mar-2007 413,000.00 413,433.03 Group I 0020644753 MN 75.00 01-May-2007 277,500.00 277,500.00 Group II 0018278895 NJ 67.14 01-Apr-2007 282,000.00 282,705.00 Group II 0018323568 MD 75.00 01-Apr-2007 526,800.00 528,117.00 Group II 0018378653 WA 72.55 01-Apr-2007 185,000.00 185,462.50
Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group I 0016947046 Loan Paid in Full (1) 8.500% 360 2 Group I 0020644753 Loan Paid in Full (1) 1.000% 360 1 Group II 0018278895 Loan Paid in Full (1) 7.250% 360 1 Group II 0018323568 Loan Paid in Full (1) 8.375% 360 1 Group II 0018378653 Loan Paid in Full (1) 7.125% 360 1
Prepayment Penalty Detail - Prepayment Penalty Paid during Current Period Prepayment Prepayment Summary Loan Prior Penalty Penalty Count Balance Amount Waived Group I 1 413,433.03 4,134.33 0.00 Group II 0 0.00 0.00 0.00 Total 1 413,433.03 4,134.33 0.00
Prepayment Penalty Loan Detail - Prepayment Penalty Paid during Current Period Paid In Prepayment Prepayment Loan Full Prior Penalty Penalty Group Number Date Balance Amount Waived Group I 0016947046 04/30/2007 413,433.03 4,134.33 0.00
Prepayment Rates
Summary SMM CPR PSA Current Month 0.184% Current Month 2.191% Current Month 817.699% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 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 N/A N/A Feb-2007 N/A N/A Mar-2007 N/A N/A Mar-2007 N/A N/A Apr-2007 N/A N/A Apr-2007 N/A N/A May-2007 2.191% N/A May-2007 817.699% 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 0.216% Current Month 2.561% Current Month 866.273% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 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 N/A N/A Feb-2007 N/A N/A Mar-2007 N/A N/A Mar-2007 N/A N/A Apr-2007 N/A N/A Apr-2007 N/A N/A May-2007 2.561% N/A May-2007 866.273% 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 0.166% Current Month 1.973% Current Month 783.999% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 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 N/A N/A Feb-2007 N/A N/A Mar-2007 N/A N/A Mar-2007 N/A N/A Apr-2007 N/A N/A Apr-2007 N/A N/A May-2007 1.973% N/A May-2007 783.999% 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 No Modifications this Period
Substitutions Loans Repurchased Loans Substituted Current Current Loan Scheduled Current Current Loan Scheduled Current Current Number Balance Rate Payment Number Balance Rate Payment No Substitutions this Period
Repurchases Current Loan Scheduled Current Current Number Balance Rate Payment No Repurchases this Period
Breaches Current Loan Scheduled Current Current Number Balance Rate Payment No Breaches this Period
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($) Balance($) < 1.000 0 0.00 0.000 0 0.00 0.000 1.000 1.499 183 74,979,715.67 7.125 183 74,979,715.67 19.292 1.500 1.999 192 125,621,220.82 11.937 192 125,621,220.82 32.322 2.000 2.499 48 18,625,773.69 1.770 48 18,625,773.69 4.792 2.500 2.999 2 423,867.87 0.040 2 423,867.87 0.109 3.000 3.499 0 0.00 0.000 0 0.00 0.000 3.500 3.999 0 0.00 0.000 0 0.00 0.000 4.000 4.499 0 0.00 0.000 0 0.00 0.000 4.500 4.999 0 0.00 0.000 0 0.00 0.000 5.000 5.499 0 0.00 0.000 0 0.00 0.000 5.500 5.999 0 0.00 0.000 0 0.00 0.000 6.000 6.499 24 7,719,319.21 0.733 0 0.00 0.000 6.500 6.999 188 70,539,678.13 6.703 0 0.00 0.000 7.000 7.499 442 170,501,293.74 16.201 4 1,366,345.93 0.352 7.500 7.999 693 271,515,276.09 25.799 14 5,081,430.03 1.307 8.000 8.499 448 171,855,055.75 16.330 109 38,939,876.74 10.019 8.500 8.999 335 136,819,656.02 13.001 300 122,805,750.68 31.598 9.000 9.499 7 2,354,544.05 0.224 3 811,364.25 0.209 9.500 9.999 4 973,893.37 0.093 0 0.00 0.000 10.000 10.499 1 481,199.99 0.046 0 0.00 0.000 >= 10.500 0 0.00 0.000 0 0.00 0.000 Total 2,567 1,052,410,494.40 100.000 855 388,655,345.68 100.000
Interest Rate Stratification (continued) Group II Current Number of Outstanding Percentage of Interest Rate Loans Scheduled Balance(%) Range(%) Balance($) < 1.000 0 0.00 0.000 1.000 1.499 0 0.00 0.000 1.500 1.999 0 0.00 0.000 2.000 2.499 0 0.00 0.000 2.500 2.999 0 0.00 0.000 3.000 3.499 0 0.00 0.000 3.500 3.999 0 0.00 0.000 4.000 4.499 0 0.00 0.000 4.500 4.999 0 0.00 0.000 5.000 5.499 0 0.00 0.000 5.500 5.999 0 0.00 0.000 6.000 6.499 24 7,719,319.21 1.163 6.500 6.999 188 70,539,678.13 10.627 7.000 7.499 438 169,134,947.81 25.482 7.500 7.999 679 266,433,846.06 40.140 8.000 8.499 339 132,915,179.01 20.025 8.500 8.999 35 14,013,905.34 2.111 9.000 9.499 4 1,543,179.80 0.232 9.500 9.999 4 973,893.37 0.147 10.000 10.499 1 481,199.99 0.072 >= 10.500 0 0.00 0.000 Total 1,712 663,755,148.72 100.000
SUPPLEMENTAL REPORTING Closing Date: April 30, 2007. Corridor Counterparty: Bear Stearns Financial Products Inc. Custodian: Wells Fargo Bank, National Association, or any successor custodian appointed pursuant to the provisions hereof and of the Custodial Agreement. Cut-off Date: April 1, 2007. Cut-off Date Balance: $1,052,250,732.05. Determination Date: The 15th day (or if such 15th day is not a Business Day, the Business Day immediately preceding such 15th day) of the month of the Distribution Date. Distribution Account Deposit Date: The second Business Day prior to each Distribution Date. Distribution Date: The 25th day of any month, beginning in the month immediately following the month of the Closing Date, or, if such 25th day is not a Business Day, the Business Day immediately following. EMC: EMC Mortgage Corporation, and any successor thereto. Grantor Trust: Bear Stearns Mortgage Funding Grantor Trust 2007-AR4. Grantor Trustee: Wells Fargo Bank, National Association, its successor in interest or any successor appointed pursuant to the Grantor Trust Agreement. Interest Accrual Period: For each Class of Class A Certificates, the Grantor Trust Certificates and the Class B Certificates and for any Distribution Date, the period commencing on the Distribution Date in the month preceding the month in which a Distribution Date occurs (or the Closing Date, in the case of the first Interest Accrual Period) and ending on the day immediately prior to such Distribution Date. For each Class of Class I-X Certificates and for any Distribution Date, the calendar month preceding the month in which such Distribution Date occurs. Interest Coverage Amounts: The amounts to be paid by the Depositor to the Paying Agent for deposit in the Interest Coverage Account on the Closing Date pursuant to Section 4.11, which amounts are $1,200,045.00 with respect to Loan Group I and $1,424,028.00 with respect to Loan Group II. LIBOR Business Day: Any day other than a Saturday or a Sunday or a day on which banking institutions in the city of London, England are required or authorized by law to be closed. LIBOR Determination Date: With respect to each Class of Class A, Class B and Grantor Trust Certificates and for the first Interest Accrual Period, April 26, 2007. With respect to each such Class and any Interest Accrual Period thereafter, the second LIBOR Business Day preceding the commencement of such Interest Accrual Period. One-Month LIBOR: With respect to any Interest Accrual Period, the rate determined by the Trustee on the related LIBOR Determination Date on the basis of the rate for U.S. dollar deposits for one month that appears on Reuters Screen LIBOR01 as of 11:00 a.m. (London time) on such LIBOR Determination Date; provided that the parties hereto acknowledge that One-Month LIBOR for the first Interest Accrual Period shall be the rate determined by the Trustee two Business Days prior to the Closing Date. If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying One-Month LIBOR or comparable rates as may be reasonably selected by the Trustee), One-Month LIBOR for the applicable Interest Accrual Period will be the Reference Bank Rate. If no such quotations can be obtained by the Trustee and no Reference Bank Rate is available, One-Month LIBOR will be One-Month LIBOR applicable to the preceding Interest Accrual Period. The Trustee's determination of One-Month LIBOR for each Class of Offered Certificates and the Class II-B-6 Certificates, as applicable, for any Interest Accrual Period shall, in the absence of manifest error, be final and binding. Paying Agent: The Trustee, its successor in interest or any successor trustee appointed as provided herein. Pre-Funded Amounts: The amounts to be paid by the Depositor to the Trustee on the Closing Date for deposit in the Pre-Funding Account, which amounts are $126,214,449.00 with respect to Loan Group I and $149,640,817.00 with respect to Loan Group II. Pre-Funding Period: The period from the Closing Date until the earliest of (i) the date on which the Pre-Funded Amounts are reduced to zero or (ii) July 15, 2007. Record Date: For each Class of Offered Certificates (other than the Class I-X Certificates) and for any Distribution Date, the Business Day prior to such Distribution Date. For each Class of Class I-X Certificates and Non-Offered Certificates, and for any Distribution Date, the last Business Day of the calendar month preceding the month in which such Distribution Date occurs. Servicer: As of the Closing Date, EMC and, thereafter, its respective successors in interest that meet the qualifications of this Agreement. Servicing Fee Rate: As to any Mortgage Loan, 0.375% per annum. Sponsor: EMC, as mortgage loan seller under the Mortgage Loan Purchase Agreement. Startup Day: April 30, 2007. Swap Counterparty: Bear Stearns Capital Markets Inc. Trustee: Wells Fargo Bank, National Association, or its successor in interest, or any successor trustee appointed as herein provided. Net Rate Cap: For any Distribution Date, (A) with respect to the Group I Offered Certificates (other than the Class I-X Certificates) and the Underlying Class I-A-3 Certificates, is equal to the weighted average of the Net Rates of the Group I Mortgage Loans less (i) the Coupon Strip Rate, if applicable, and (ii) the sum of (x) the Pass-Through Rate on the Class I X 1 Certificates multiplied by the Class I-X-1 Notional Amount and (y) the Pass-Through Rate of the Class I-X-2 Certificates multiplied by the Class I-X-2 Notional Amount, divided by the aggregate Stated Principal Balance of the Group I Mortgage Loans immediately prior to such Distribution Date and (B) with respect to the Group II Certificates, is equal to the weighted average of the Net Rates of the Group II Mortgage Loans, in each case as adjusted to an effective rate reflecting the accrual of interest on an actual/360 basis. Net Deferred Interest: On any Distribution Date, for each Loan Group, Deferred Interest on the related Mortgage Loans during the related Due Period net of Principal Prepayments in full, partial Principal Prepayments, Net Liquidation Proceeds, Repurchase Proceeds and scheduled principal payments, in that order, included in Available Funds for such Loan Group and such Distribution Date and available to be distributed on the Certificates on such Distribution Date. With respect to any Class of Class A, Class B or Grantor Trust Certificates as of any Distribution Date, the Net Deferred Interest will be an amount equal to the product of (1) the difference, if any, between (a) the lesser of (i) the Pass-Through Rate for such Class without regard to the related Net Rate Cap on such Distribution Date and (ii) the related Net Rate Cap on such Distribution Date and (b) the Adjusted Rate Cap for such Distribution Date, (2) the Current Principal Amount of such Certificate immediately prior to such Distribution Date, and (3) the actual number of days in such Interest Accrual Period divided by 360.
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