xt .
~~
—
—
EX-42exhibit41
.htm
EXHIBIT4.1
EXECUTION
AEGIS
ASSET
BACKED SECURITIES CORPORATION,DepositorAEGIS MORTGAGE CORPORATION,
Seller
WELLS FARGO BANK,
N.A.,
Master Servicer, Securities Administrator
and
Custodian
OCWEN
LOAN SERVICING,
LLC,
ServicerMORTGAGERAMP, INC.,Credit Risk ManagerandWACHOVIA BANK, NATIONAL ASSOCIATION,TrusteePOOLING AND
SERVICING
AGREEMENTDated
as of
October
1,
2005
AEGIS
ASSET
BACKED
SECURITIES
TRUSTMORTGAGE PASS-THROUGH CERTIFICATES, SERIES
2005-5
http://sec.gov/Archives/edgar/data/1343123/000116231805000986/exhibit41.htm
4/24/2011
PROSPECTUS SUPPLEMENT
(To
Prospectus
dated
June
10,
2005)
$1,165,200,000(Approximate)
AEGIS ASSET
BACKED
SECURITIESTRUST
Mortgage Pass-Through Certificates, Series 2005-5
egis
Aegis Mortgage Corporation, Aegis Asset Backed Securities Corporation,Sponsor
and
Seller Depositor
Wells
Fargo Bank, N.A.,
Master
Servicer
The
trust fund
will
issue certificates including
the
following classes
offered
hereby:
•
Five classes
of
senior
certificates.• Eleven
classes
of subordinate certificates.
The
classes
of
certificates offered
by
this prospectus supplement
are
listed, together with their initial classprincipal amounts
and
interest rates, under "Summary
of
Terms—The
Offered Certificates"
on
page
S-2
of
this
prospectus supplement. This prospectus supplement and the accompanying prospectus relate only to the offering of
the
certificates
listedin the
table
on
page
S-2 and not to any
other classes
of
certificates that
willbe
issued
by the
trustfund as described in this prospectus supplement. Principal and interest on each class of offered certificates will
be
payable monthly
beginning
in
November 2005. Credit enhancement
for the
offered certificates
willinclude
excessinterest, overcollateralization, subordination, loss allocation
and
limited
cross-collateralization
features. Amounts
payable under an
interest
rate swap agreement provided
by
Bear Stearns
Financial
Products Inc. will
be
applied
to
pay certain interest shortfalls, maintain overcollateralization
and
repay certain losses
on the
certificates.
The
assets
of the
trust fund will primarily consist
of two
pools
of
conventional, first
and
second lien, adjustable
and
fixed rate, fully amortizing
and
balloon, residential mortgage loans that were originated
in
accordance withunderwriting guidelines that
are not as
strict
as
Fannie
Mae and
Freddie
Mac
guidelines.
After
the
closing date,
but
before November
18,
2005,
we
expect that
the
trust fund will acquire additional mortgage loans
as
described under"Description of the Mortgage Pools—Conveyance of Subsequent Mortgage Loans" in this prospectus supplement.
Investing in the offered certificates involves risks. You should consider carefully the factors discussedunder "Risk Factors"
beginning
on
page
S-15 of
this
prospectus
supplement
and
page
4 of the
accompanying prospectus.
The certificates will represent interests in the trust fund only and will not represent interests in or obligations of
any
other entity.
Neither the Securities and Exchange Commission nor any state securities commission has approved ordisapproved
the
certificates
or
determined that this prospectus supplement
or the
accompanying prospectus
is
accurate
or
complete.
Any
representation
to the
contrary
is a
criminal offense.
The
certificates
offered
bythis
prospectus supplement
willbe purchased by the
underwriters from Aegis AssetBacked Securities Corporation,
and are
being offered from time
to
time
for
sale
to the
public
in
negotiated transactions
or
otherwise
atvarying
prices
to be
determined
at the
time
of
sale.
The
underwriters have
the
right
to
reject
any
order.Proceeds to Aegis Asset Backed Securities Corporation from the sale of these certificates will be approximately99.75%
of
their
initial
total
class
principal
amount
before
deducting
expenses.On
or
about October
28,
2005, delivery
of the
certificates offered
by
this prospectus supplement will
be
madethrough
the
book-entry
facilities of The
Depository Trust Company, Clearstream
Banking
Luxembourg
and the
Euroclear System.
Bear,
Stearns
& Co.
Inc.Credit
Suisse
First BostonLehman BrothersUBS Investment Bank
The
date
of
this prospectus supplement
is
October
14,
2005.
Summary
of TermsThis summary highlights selected information from this document and does not contain all of theinformation thatyouneedtoconsiderinmaking your investment decision.Tounderstandall ofthe terms of the offering of the certificates, it is necessary that you read carefully this entiredocument
and the
accompanying prospectus.While this summary contains an overview of certain calculations, cashflow priorities and otherinformation to aid your understanding, you should read carefully the
full
description of
these
calculations, cashflow priorities and other information in this prospectus supplement and theaccompanying prospectus before making any investment decision.Whenever we refer to a percentage of some or all of the mortgage loans in the trust fund or in amortgage pool, that percentagehasbeen calculatedon thebasisof thetotal scheduled principalbalance as of October 1, 2005 of the mortgage loans included in the statistical mortgage pooldescribedinthis prospectus supplement, unlesswespecify otherwise.Weexplaininthisprospectus supplement under "Description
of the
Mortgage
Pools—General" how the
statisticalmortgage pool may vary from the initial mortgage loans delivered on the closing date and under
"Description
of theCertificates—Distributionsof
Principal"
how the
scheduled
principal
balance
of a mortgage loan is determined. Whenever we refer in this summary of terms or in the risk
factors
section of this prospectus supplement to the total principal balance of any mortgage loans,we mean the total of their scheduled principal balances unless we specify otherwise.Parties
Sponsor
and Seller
Aegis
Mortgage Corporation.
Originators
AegisFunding Corporation, Aegis
LendingCorporation
and
various
other
banks, savings
and
loans
andother
mortgage lending institutionsoriginated
the
mortgage loans
to be
included
in
the
trust
fund.
Depositor
Aegis
Asset
Backed Securities Corporation,
a
Delaware special purpose corporation.
The
Depositor
maintains
its
principal
offices
at
3250
Briarpark, Suite 400,
Houston,
Texas 77042.
Its
telephone
number
is
(713)
787-0100.
Issuing
Entity
Aegis
Asset Backed Securities TrustMortgage Pass-Through Certificates, Series2005-5,
a
common
law
trust formed under
the
laws
of the
State
of New York.
Trustee
Wachovia Bank, National Association.
Securities
Administrator
Wells Fargo Bank, N.A.
Custodian
Wells
Fargo
Bank, N.A.
Master
Servicer
Wells
Fargo
Bank, N.A.
Servicer
Ocwen Loan
Servicing, LLC.
Interim
Subservicer
Aegis Mortgage Corporation.
Credit
Risk
Manager
MortgageRamp, Inc.
will
monitorandadvisethe servicer with respect to
default
management
of
the
mortgage loans.
Swap Counterparty
The trustee
will
enter
into an interest rate
swap agreement with
Bear
Stearns FinancialProducts Inc.
to
protect against certain interestrate risk fromthedistribution
date
inNovember2005 through
the
distribution
datein
October
2010.
S-l
Search History:
Result 00 of 00
00 results for result for
p.
US Bank vs. Delina Pierre
US Bank Asserts Standing to foreclose in an illusion that would stun David Copperfield. Abracadabra!
Presto! Delina Pierre’s home is gone!
Where the heck did Wachovia go? They disappeared too!
For those in the audience who… (More)
Presto! Delina Pierre’s home is gone!
Where the heck did Wachovia go? They disappeared too!
For those in the audience who… (More)
545
Reads
4
Readcasts
595
Embed Views
Recommended
More From This User
Notes
Load more
