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CSFB
Adjustable Rate Mortgage Trust 2007-1
(ARMT 2007-1)

Borrower/Property Histories

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1. Summers, Lourdes - 8715 Surf Dr. #2002, Panama City Beach, FL - Loan #408846523

ARMT 2007-1 invested $552,000 with unit 2002 as collateral:

The unit’s history based on the county appraiser:


Date Event Amount Comment

2005/11 Sale 680,000 deed to Summers - new construction

1st mtg 476,000 Suntrust - 80% financing

2nd mtg 68,000 Suntrust - same

2006/6 1st mtg 552,000 Suntrust - $76,000 cash out - defaulted

2006/7 2nd mtg 138,000 Suntrust - $70,000 cash out - defaulted

2010/10 Short sale 253,000 ARMT 2007-1 netted this amount from short sale

ARMT 2007-1 lost a minimum $299,000 of principal (54%).



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2. Johnston, Floyd - 194 Frederica Ave, Palm Bay, FL - Loan #409833589

ARMT 2007-1 invested $249,025 with this house as collateral:

The property’s history based on the county appraiser:


Date Event Amount Comment

2006/10 Sale 262,200 deed to Johnston - new construction

1st mtg 249,025 Pinnacle Finan. - 95% financing - defaulted

2010/2 Short sale 84,000 ARMT 2007-1 netted this amount from short sale

ARMT 2007-1 lost a minimum $165,025 of principal (66%).



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3. Lopez, Jose - 231 McClain Dr, Rockledge, FL - Loan #700454937

19 loans over 5 years totaling $2,272,785.


Date Amount Property Comment

2001/8 91,850 231 McClain Dr Premium Funding - 80% financing

2003/1 108,000 231 McClain Dr WaMu - refi - $16,150 cash out

2003/3 27,000 231 McClain Dr Suntrust 2nd mtg- $27,000 cash out

2003/10 65,000 231 McClain Dr Suntrust 2nd mtg- refi - $38,000 cash out

2004/4 220,550 4984 Pinot St Univ.Amer. - 100% financing - flipped

55,100 Same Univ.Amer. 2nd mtg- Same

2004/6 214,100 5085 Pinot St Univ.Amer. - 95% financing - flipped

40,100 Same Univ.Amer. 2nd mtg- Same

2004/6 120,800 231 McClain Dr WaMu - refi - $12,800 cash out

2004/7 244,850 5104 Pinot St Univ.Amer. - 95% financing - flipped

45,900 Same Univ.Amer. 2nd mtg- Same

2004/8 249,050 4481 Chardonnay Univ.Amer. - 95% financing - flipped

46,700 Same Univ.Amer. 2nd mtg- Same

2005/2 32,959 231 McClain Dr Refi - 2nd mtg

2005/4 192,000 231 McClain Dr Suntrust - refi - $38,241 cash out

2005/8 207,200 231 McClain Dr Countrywide - refi - $15,200 cash out

2005/12 27,000 231 McClain Dr Bank of America - 2nd mtg $ 27,000 cash out

2006/5 50,226 231 McClain Dr Bank of Amer 2nd mtg- $23,226 cash out- default

2006/10 234,400 231 McClain Dr CSFB - $27,200 cash out - defaulted

Continued next page:


Page 5 of 158

3. Lopez …. continued:

ARMT 2007-1 invested $234,400 in a 1st mtg with this house (231 McClain Dr) as collateral:

The property’s history based on the county appraiser:


Date Event Amount Comment

2001/8 Sale 114,830 deed to Johnston - new construction

2010/4 Short sale 117,000 ARMT 2007-1 netted this amount from short sale

ARMT 2007-1 lost a minimum $117,400 of principal (50%).


Page 6 of 158

4. Toro, Eric - 2825 Washington Ave (Bay Towers) #609, Titusville, FL - Loan #410621646

ARMT 2007-1 invested $188,955 with unit 609 as collateral:

The unit’s history based on the county appraiser:


Date Event Amount Comment

2006/10 Sale 198,900 deed to Toro - condo conversion

1st mtg 188,955 Suntrust - 95% financing - defaulted

2010/3 Foreclosure n/a Judgment of 217,827 vs. Toro

2010/10 Abandoned $0 ARMT 2007-1 quitclaimed the unit to Condo Assn


ARMT 2007-1 lost all of its principal (100%).

[Due to the widespread defaults, unpaid condo dues, special assessments & condo association
judgments after 2009, the market value of many units to dropped to $0.]
Page 7 of 158

5. Tuazon, Rogelio & Evangeline- 2825 Washington Ave (Bay Towers) - #161 & #265

Loans # 410621642 & #410621643 (For picture, see survey of Eric Toro - #4 above)

The Tuazons took out 8 loans in 30 days (totaling $1,242,300) to purchase 8 units in Bay
Towers. They defaulted on all of the loans.

Date Amount Property Comment

2006/9 167,105 Bay Towers #109 SunTrust - 95% financing- defaulted

2006/9 142,205 Bay Towers #201 SunTrust - 90% financing- defaulted

2006/9 142,205 Bay Towers #202 SunTrust - 90% financing- defaulted

2006/10 198,455 Bay Towers #150 SunTrust - 100% financing- defaulted

2006/10 89,910 Bay Towers #161 SunTrust - 90% financing- defaulted

2006/10 297,255 Bay Towers #173 SunTrust - 95% financing- defaulted

2006/10 99,810 Bay Towers #265 SunTrust - 90% financing- defaulted

2006/10 105,355 Bay Towers #269 SunTrust - 95% financing- defaulted

Loan# 410621642 - Bay Towers unit # 161


The unit’s history based on the county appraiser:
Date Event Amount Comment

2006/10 Sale 99,900 deed to Tuazon - condo conversion

1st mtg 89,810 Suntrust - 90% financing - defaulted

2012/3 Foreclosure n/a Judgment of $128,952 vs Tuazon

2013/4 Foreclosure 0 Condo Assn foreclosed for unpaid dues & assessments
ARMT 2007-1 lost all of its principal (100%).

continued….

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5. Tuazon - continued….

Loan# 410621643 - Bay Towers unit # 265


The unit’s history based on the county appraiser:
Date Event Amount Comment

2006/10 Sale 110,900 deed to Tuazon - condo conversion

1st mtg 99,810 Suntrust - 90% financing - defaulted

2008/12 Foreclosure n/a Judgment of $110,642 vs Tuazon

2009/8 REO resale 14,000 ARMT 2007-1 netted this amount from sale of unit
ARMT 2007-1 lost a minimum $96,642 of principal (97%).

Investors in the other 6 Tuazon loans also foreclosed and lost all of their principal (100%)
because the units became worthless due to defaults, unpaid Condo Assn assessments, etc.

[Rogelio’s brother and sister-in-law also purchased 2 units and financed them with SunTrust.
They defaulted, were foreclosed and mortgage investors there also lost all of their principal.]
Page 9 of 158

6. Cabrera, Hector - 2825 Washington Ave (Bay Towers) #171 Loan # 410621644

Bay Towers unit # 171 (For picture - see survey of Eric Toro, #4 above)

The unit’s history based on the county appraiser:


Date Event Amount Comment

2006/10 Sale 110,900 deed to Cabrera - condo conversion

1st mtg 110,900 Suntrust - 100% financing - defaulted

2014/2 Foreclosure n/a Judgment of $157,769 vs Cabrera

2014/3 Auction $100 No one purchased the unit at auction due to unpaid condo dues
ARMT 2007-1 lost all of its principal (100%).

[Hector’s brother and father also purchased 2 units and financed them with SunTrust. They
defaulted, were foreclosed and mortgage investors there also lost all of their principal.]
Page 10 of 158

7. Fede, Pierre - 11933 Winged Foot Ter., Coral Springs, FL - Loan #700469393

ARMT 2007-1 invested $840,000 with this house as collateral:

The property’s history based on the county appraiser:


Date Event Amount Comment

1991/7 Sale 465,000 Deed to Keldie - arm’s-length

2006/11 Sale 1,050,000 deed to Fede - price increased 125%

1st mtg 840,000 CSFB - 95% financing - defaulted

2nd mtg 149,999 CSFB - Same

2008/1 Foreclosure n/a Judgment of $882,213 vs Fede

2009/8 REO resale 480,000 ARMT 2007-1 netted this amount from sale of unit
CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $402,213 of principal (48%).
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8. Meyer, Anthony & Sherri - 7724 NW 55th Pl, Coral Springs, Fl - Loan #500773992

ARMT 2007-1 invested $800,000 with this nice house as collateral:

The Meyers had a history of loan problems.

They borrowed $1 million to buy the above property after they had defaulted on a $130,000 1st
mortgage on their home at 4133 NW 83rd Lane, Cape Coral, FL:
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Date Amount Property Comment

1993/7 130,000 4133 NW 83 Ln Countrywide - 72% financing- defaulted 2004

2001/9 60,000 4133 NW 83 Ln Myco Funding 2nd mtg- $60,000 cash out

2003/6 115,000 4133 NW 83 Ln EnTrust-2nd mtg $55,000 cash out- default 2004

2004/12 266,500 4133 NW 83 Ln Argent - refi defaulted 1st & 2nd mtg

2006/6 50,000 4133 NW 83 Ln Transcontinental-2nd mtg- $50,000 cash out

2006/6 800,000 7724 NW 55th Pl Transcontinental - 100% financing - defaulted

200,000 Same Transcontinental 2nd mtg - Same

2006/6 414,000 4133 NW 83 Ln World Savings - refi $179,500 cash out - defaulted

82,000 4133 NW 83 Ln World Savings - 2nd mtg - Same

Loan #500773992:
The property’s history based on the county appraiser:
Date Event Amount Comment

1998/12 Sale 377,000 Deed to Baker - arm’s-length

2006/6 Sale 1,020,400 deed to Meyer - price increased 170%

1st mtg 800,000 Transcontinental - 100% financing - defaulted

2nd mtg 200,000 Transcontinental - Same

2013/8 Foreclosure n/a Judgment of $999,263 vs. Meyer

2014/4 Auction 446,000 ARMT 2007-1 netted this amount from auction of property
ARMT 2007-1 lost a minimum $553,263 of principal (69%).

(The Meyers also defaulted on the mortgages on 4133 NW 83 Ln, were foreclosed and
mortgage investors there lost approximately $300,000.)
Page 13 of 158

9. Clarke, Roger - 17979 Lake Azure Way, Boca Raton, FL - Loan #700429855

ARMT 2007-1 invested $999,999 with this house as collateral:

The property’s history based on the county appraiser:


Date Event Amount Comment

2006/10 Sale 1,265,000 Deed to Clarke - new construction

1st mtg 999,999 CSFB - 90% financing - defaulted

2nd mtg 138,000 CSFB - Same

2010/9 Foreclosure n/a Judgment of $1,387,652 vs Clarke

2014/3 REO resale 493,500 ARMT 2007-1 netted this amount from sale of property
The investor in the CSFB 2nd mtg lost all of its investment.
ARMT 2007-1 lost a minimum $894,152 of principal (89%).

[Roger also bought 5600 NE Trieste Way in Boca Raton for $779,723, about two weeks after the
above purchase. He financed 90% of the cost, defaulted, sold that property in a short sale,
losing mortgage investors there about $300,000.]
Page 14 of 158

10. Gomez, Luisa & Juan Cerda - 3730 Woodside Dr. Coral Springs, FL - Loan # 700464339
ARMT 2007-1 invested $440,000 with this house as collateral:

The property’s history based on the county appraiser:


Date Event Amount Comment

1999/7 Sale 189,000 Deed to Talerico

2006/11 Sale 550,000 Deed to Gomez - price inflated 191%

1st mtg 440,000 CSFB - 94% financing - defaulted

2nd mtg 55,000 CSFB - Same

3rd mtg 22,000 Seller - Same

2009/3 Foreclosure n/a Judgment of $515,095 vs Gomez & Cerda

2014/3 Short sale 192,500 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2007-1 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $322,595 of principal (73%).
Page 15 of 158

11. Phanor, Carline - 5077 SW 137 Ter., Miramar, FL - Loan #700491717


ARMT 2007-1 invested $384,000 with this house as collateral:

The property’s history based on the county appraiser:


Date Event Amount Comment

2003/6 Sale 202,120 Deed to Valdes - new construction

2006/12 Sale 480,000 Deed to Phanor - price inflated 137%

1st mtg 384,000 CSFB - 100% financing - defaulted

2nd mtg 96,000 CSFB - Same

2007/8 Foreclosure n/a Judgment of $402,158 vs Phanor

2008/3 REO resale 263,000 ARMT 2007-1 netted this amount from sale of property

Phanor never made her 1st mortgage payment.


CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $139,158 of principal (36%).
Page 16 of 158

12. Duncan, Trevor & Jennifer - 7901 NW 128 Lane #11A , Parkland, FL - Loan #700410370

ARMT 2007-1 invested $320,000 with unit 11A as collateral:

The unit’s history based on the county appraiser:


Date Event Amount Comment

2005/1 Sale 246,920 Deed to Thomas - new construction

2005/4 Sale 340,000 Deed to Duncan - price inflated 38% in 3 months

1st mtg 306,000 IndyMac Bank - 90% financing

2006/9 1st mtg 320,000 CSFB - $16,000 cash out - defaulted

2009/5 Foreclosure n/a Judgment of $371,511 vs Duncan

2009/11 REO resale 189,000 ARMT 2007-1 netted this amount from sale of property

ARMT 2007-1 lost a minimum $182,511 of principal (57%).

Continued…

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12. Duncan, Trevor …. continued

The Duncans resided at 153-10 148th Drive, Rosedale, Queens, NY where, at the time of the
CSFB mortgage they had outstanding a $385,000 mortgage from WaMu.

At the time of the CSFB mortgage, the Duncans expanded their Florida property holdings:

Property: 7901 Camden Ln, Parkland FL :


Date Event Amount Comment

2006/9 Sale 1,007,400 Deed to Duncan - new construction

1st mtg 805,920 WMC - 100% financing - defaulted

2nd mtg 201,480 WMC - Same

2008/4 Foreclosure n/a Judgment of $880,400 vs Duncan

2008/11 REO resale 540,000 MABS 2007-WMC1 netted this amount from sale of property

Investors in Duncan’s 2 WMC mortgages lost a minimum $541,880.


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13. Rubinchikov, Oleg & Ella - 1850 S Ocean Dr. #510, Hallandale, FL - Loan #700433764

Leading up to defaults on the CSFB loans, the Rubinchikov’s took out $2,563,664 of loans:

Date Amount Property Comment

2004/8 197,920 1650 Presid #504A West Palm Mortgage Tree 80% financing - default ‘07
Beach

2005/8 143,444 30 Seattle Trail, Palm Coast Lehman Bank- Refi- $143,444 cash out- flip ‘06

2005/9 47,200 1650 Presid #504A WPB Columbia- 2nd mtg- $47,200 cash- default ‘07

2006/1 239,200 38 Pinwheel, Palm Coast Countrywide - 90% financing - defaulted

29,900 Same Countrywide - Same

2006/9 520,000 21050 Point Pl #304 Aventura Greenpoint 100% financing - defaulted

130,000 Same Greenpoint - Same

2006/9 640,000 1850 S Ocean Dr #510 CSFB - 100% financing - defaulted

160,000 Same CSFB - 2nd mtg - Same

2006/11 336,000 17100 N Bay Rd #1613 Sunny 4U Direct - 95% financing - defaulted
Isles

120,000 Same 4u Direct - 2nd mtg - Same

The Rubinchikov’s defaulted on all outstanding loans by the end of 2007.

Investors in Rubinchikov’s non-CSFB loans fared poorly:

1650 Presidential Way #504A - approx. $250,000 loss


38 Pinwheel Ln, Palm Coast - approx. $250,000 loss
21050 Point Pl. #304, Aventura - approx. $300,000 loss
17100 N Bay Rd #1613, Sunny Isles - approx. $100,000 loss

Loan #700433764 (CSFB) continued on next page….


Page 19 of 158

13. Rubinchikov - continued….


ARMT 2007-1 invested $640,000 with unit 510 as collateral:

Unit 510’s history based on the county appraiser:


Date Event Amount Comment

2005/4 Sale 325,000 Deed to SDBM - new condo

2005/7 Sale 550,000 Deed to Shukh - price inflated 69% in 3 months

2006/9 Sale 800,000 Deed to Rubinchikov - price inflated 45%

1st mtg 640,000 CSFB - 100% financing - defaulted

2nd mtg 160,000 CSFB - Same

2008/5 Foreclosure n/a Judgment by Condo Assn of $9093 vs Duncan

2008/5 Short sale 420,000 ARMT 2007-1 netted this amount from sale of property
CSFB sold the 2nd mtg to HEMT 2006-6 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $220,000 of principal (34%).
Page 20 of 158

14. Perez, Oscar - 4252 Cedar Creek Ranch Cir., Lake Worth, FL - Loan# 700497688

ARMT 2007-1 invested $496,000 with this house as collateral:

The property’s history based on the county appraiser:


Date Event Amount Comment

2005/1 Sale 475,000 Deed to Cajuste - new construction

2006/12 Sale 620,000 Deed to Perez - price inflated 31%

1st mtg 496,000 CSFB - 100% financing - defaulted

2nd mtg 124,000 CSFB - Same

2011/11 Foreclosure n/a Judgment of $638,464 vs Perez

2012/10 REO resale 280,000 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $358,464 of principal (72%).
Page 21 of 158

15. Stewart, Marta & Boyd - 242 Gazetta, West Palm Beach, FL - Loan #700369197

ARMT 2007-1 invested $409,300 with this house as collateral:

The property’s history based on the county appraiser:


Date Event Amount Comment

2006/12 Sale 511,626 Deed to Stewart - new construction

1st mtg 409,300 CSFB - 90% financing - defaulted

2nd mtg 51,160 CSFB - Same

2009/8 Foreclosure n/a Judgment of $458,021 vs Stewart

2012/10 Short sale 197,000 ARMT 2007-1 netted this amount from sale of property

The investor in the CSFB 2nd mtg lost all of its investment.
ARMT 2007-1 lost a minimum $261,021 of principal (57%).

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16. Cole, Keith - 502 Gazetta Way, West Palm Beach, FL - Loan #700445680

ARMT 2007-1 invested $325,590 with this house as collateral:

The property’s history based on the county appraiser:


Date Event Amount Comment

2006/10 Sale 406,990 Deed to Cole - new construction

1st mtg 325,590 CSFB - 95% financing - defaulted

2nd mtg 61,000 CSFB - Same - refi below

2007/2 2nd mtg 84,800 Capital One - $23,800 cash out - defaulted

2010/5 Foreclosure n/a Judgment of $369,369 vs Cole

2010/7 Short sale 192,500 ARMT 2007-1 netted this amount from sale of property

ARMT 2007-1 lost a minimum $176,869 of principal (54%).


Page 23 of 158

17. Vallet, Francois - 7368 Country Club Blvd, Boca Raton, FL - Loan #700490948

ARMT 2007-1 invested $348,000 with this house as collateral:

The property’s history based on the county appraiser:


Date Event Amount Comment

1989/12 Sale n/a Deed to Ruel - new const.

2006/12 Sale 511,626 Deed to Vallet

1st mtg 348,000 CSFB - 100% financing - defaulted

2nd mtg 87,000 CSFB - Same - refi below

2007/2 2nd mtg 150,000 Citibank - refi - $63,000 cash out - defaulted

2010/3 Foreclosure n/a Judgment of $443,651 vs. Vallet

2012/10 REO resale 225,000 ARMT 2007-1 netted this amount from sale of property

ARMT 2007-1 lost a minimum $218,651 of principal (50%).



Page 24 of 158

18. Law, John & Rosetta - 2177 Wingate Bend, Wellington, FL - Loan #700488991
ARMT 2007-1 invested $348,000 with this house as collateral:

The property’s history based on the county appraiser:


Date Event Amount Comment

2006/12 Sale 435,000 Deed to Law - new const

1st mtg 348,000 CSFB - 90% financing - defaulted

2nd mtg 43,500 CSFB - same

2008/10 Foreclosure n/a Judgment of $385,971 vs Law

2009/8 REO resale 108,000 ARMT 2007-1 netted this amount from sale of property
The investor in the CSFB 2nd mtg lost all of its investment.
ARMT 2007-1 lost a minimum $277,971 of principal (72%).

[The Laws also bought 3432 Collonade Dr, Wellington for $1,150,000 in May 2006. They
financed 100% of the cost, defaulted and were foreclosed, losing mortgage investors there over
$1,000,000.]
Page 25 of 158

19. Hawkins, Edwin - Palmetto Place Condo #837, Boca Raton, FL - Loan #700474047

ARMT 2007-1 invested $300,000 with unit 837 as collateral:

The unit’s history based on the county appraiser:


Date Event Amount Comment

2003/10 Sale 231,830 Deed to Kemp - new const

2005/8 Sale 350,000 Deed to Hawkins - price inflated 51%

1st mtg 332,500 Novastar - 95% financing

2007/1 1st mtg 300,000 CSFB - refi - $47,500 cash out - defaulted

2nd mtg 80,000 CSFB - same

2010/1 Foreclosure n/a Judgment of $371,439 vs Hawkins

2011/1 REO resale 169,000 ARMT 2007-1 netted this amount from sale of property
CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $202,439 of principal (67%).
Page 26 of 158

20. Flores, Virgilio - 10507 Marsh St, Wellington, FL - Loan #700410432

ARMT 2007-1 invested $288,400 with this house as collateral:

The property’s history based on the county appraiser:


Date Event Amount Comment

2004/3 Sale 274,990 Deed to Kozyrenko - new construction

2006/12 Sale 412,000 Deed to Flores - price inflated 50%

1st mtg 288,400 CSFB - 90% financing - defaulted

2nd mtg 82,400 CSFB - same

2011/9 Foreclosure n/a Judgment of $386,770 vs Flores

2012/2 REO resale 199,000 ARMT 2007-1 netted this amount from sale of property
The investor in the CSFB 2nd mtg lost all of its investment.
ARMT 2007-1 lost a minimum $187,770 of principal (65%).

Page 27 of 158

21. Hale, Gabriella & Bergstrom, Neils Magnus - Loans 700439537, 700475401 & 700475480
Paradise Cove Condos #1258 & #1268, West Palm Beach FL
Las Vistas at Doral Condo #118, Doral, FL

Hale/Bergstrom took out (and defaulted on) 30 loans totaling $4,740,618 over a two year period
ending February, 2007. 3 loans were sold by CSFB to ARMT 2007-1:

Date Amount Property Comment

2001/11 103,816 11201 SW 111 Miami Bank of Amer - 1st mtg refi - $21,816 cash out

2002/5 407,700 7891 SW 62 Miami Impac - 100% financing

2003/11 128,000 11201 SW 111 Miami Impac- refi - $24,184 cash out

2004/1 98,800 7891 SW 62 Miami CHASE - 2nd mtg $98,800 cash out

2005/1 525,000 7891 SW 62 Miami Bank of Amer -refi- $18,500 cash out

2005/2 100,000 7891 SW 62 Miami CHASE - 2nd mtg $100,000 cash out

2005/3 359,200 6515 Collins #606 Miami Bank of Amer - 80% financing- default

2005/4 352,000 6515 Collins #605 Miami Countrywide - 90% financing -flipped

44,000 Same Countrywide 2nd mtg- Same

2005/9 161,000 11499 SW 109 #9C Miami Impac - 90% financing - default

46,000 Same Impac - 2nd mtg Same

2005/11 260,800 1152 103St #24 Bay Harb Flick Mtg - 90% financing - default

32,600 Same Flick Mtg - 2nd mtg Same

2006/2 389,925 6515 Collins #1705 Miami BAC Bank - 75% financing

2006/6 135,800 6515 Collins #606 Miami Bank of Amer 2nd mtg- $135,800 cash- default

2006/8 250,000 7891 SW 62 Miami Bank of Amer 2nd mtg- $150,000 cash- default

2006/10 204,260 Las Vistas #548 DoralFl 1st Equity - 95% financing - default

38,298 Same 1st Equity - Same

Continued next page….



Page 28 of 158

21. Hale/Bergstrom… continued

2006/10 176,320 1258 Point Dr, West Palm Beach CSFB - 95% financing - default

33,000 Same CSFB 2nd mtg - Same

2006/10 216,900 1366 Point Dr, West Palm Beach NY Mtg - 100% financing - default

2006/12 131,120 1268 Point Dr, West Palm Beach CSFB - 95% financing - default

24,585 Same CSFB 2nd mtg - Same

2006/12 199,425 Las Vistas #118 Doral, Fl CSFB - 95% financing - default

53,180 Same CSFB 2nd mtg - Same

2006/12 202,425 Las Vistas #438 DoralFl 1st Equity - 95% financing - default

53,980 Same 1st Equity 2nd mtg- Same

2007/1 84,270 11201 SW 111 Miami Bank of Amer 2nd mtg- $84,270 cash - default

2007/2 132,720 1248 Point Dr, West PalmB Homecomings- 95% finan. - default

24,800 Same Homecomings 2nd mtg- Same

2007/2 212,720 Las Vistas #134 Doral, Fl 1st Equity - 95% financing - default

39,885 Same 1st Equity 2nd mtg- Same

2007/2 215,920 Las Vistas #503 Doral, Fl 1st Equity - 95% financing - default

40,485 Same 1st Equity 2nd mtg- Same


Page 29 of 158

21. Hale/Bergstrom … continued


ARMT 2007-1 invested $176,320 -#1258 & $131,120 -#1268 (1258 shown - all look the same):

Loan# 700439537 - 1258 Point Dr, West Palm Beach


Date Event Amount Comment

2006/10 Sale 220,400 Deed to Hale - condo conversion

1st mtg 176,320 CSFB - 95% financing - defaulted

2nd mtg 33,000 CSFB - Same

2009/1 Short sale 70,000 ARMT 2007-1 netted this amount from sale of property
CSFB sold its 2nd mtg to HEMT 2006-6, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $106,320 of principal (60%).

Loan# 700475401 - 1268 Point Dr, West Palm Beach


Date Event Amount Comment

2006/12 Sale 163,900 Deed to Hale - condo conversion

1st mtg 131,120 CSFB - 95% financing - defaulted

2nd mtg 24,585 CSFB - Same

2009/1 Short sale 29,000 ARMT 2007-1 netted this amount from sale of property
CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $102,120 of principal (78%).
Page 30 of 158

21. Hale/Bergstrom ….continued

Loan# 700475480 - Las Vistas at Doral Condo #118, Doral, FL

ARMT 2007-1 also invested $199,425 in #118:

The unit’s history based on the county appraiser:


Date Event Amount Comment

2006/12 Sale 265,900 Deed to Hale - condo conversion

1st mtg 199,425 CSFB - 95% financing - defaulted

2nd mtg 53,180 CSFB - Same

2009/1 Short sale 103,000 ARMT 2007-1 netted this amount from sale of property

The investor in the CSFB 2nd mtg lost all of its investment.
ARMT 2007-1 lost a minimum $96,425 of principal (48%).
Page 31 of 158

22. Toubail, Abraham & Althea - 414 Anchorage, N Palm Beach, Fl - Loan# 700454390
Residence: 30 Windward Isle, Palm Beach Gardens

Toubail took out over 20 loans totaling $7,560,104 leading up to his default of loan #700454390.

Date Amount Property Comment

2000/7 796,500 706 Maritime N Palm Bch 1st Horizon - 80% financing

2001/8 100,000 706 Maritime N Palm Bch Bank of Amer- 2nd mtg- $100,000 cash out

2001/10 500,000 8 Marina Gdns PalmBch Finan Amer - 80% financing - flipped

2002/1 750,000 706 Maritime N Palm Bch Bank of Amer- refi

2003/6 90,000 729 Laurel Dr W Palm Bch Seagate - 75% financing

2003/9 572,950 930 Mill Creek Palm Bch Gdn 1st Guaranty - 90% financing - flipped

2003/10 110,000 729 Laurel Dr W Palm Bch Cohen Mtg - $20,000 cash out - flipped

2004/3 305,892 Silk Bay Blvd, Alva, FL RBC Bank - 90% financing - flipped

2004/3 314,982 Yellow Button Ln, Ft Myers RBC Bank - 90% financing - default

2004/6 100,000 706 Maritime N Palm Bch Cohen Mtg- 2nd mtg- $100,000 cash out

2004/10 1,000,000 706 Maritime N Palm Bch Bank of Amer- $250,000 cash out- flipped

2004/12 204,000 414 Anchorage N Palm Bch Mtg Lend Network - 80% financing

2005/1 495,000 30 Windward, Palm Bch Gdn Bank of Amer- 76% financing

2005/2 203,900 500 Uno Lago #204, Juno Bch Greenpoint- 80% financing- default

2005/4 185,600 501 N Loxahatchee, Jupiter Greenpoint- 80% financing- default

2005/8 149,880 3740 Medit.Ln #304, Jensen Bch Countrywide - % financing- default

2005/10 168,800 2728 Anzio #304, Palm Bch Gdn Suntrust- 80% financing - default

2005/11 210,308 1211 Myrtlewood, Palm Bch Gdn Ohio Saving Bnk- 80% financing- default

2006/2 221,292 Water Rdg #1, Auburndale FL Wachovia - 90% financing - default

2006/6 165,000 120 Lehane #211 N Palm Bch Ohio Saving Bnk- 80% financing- default

2006/11 260,000 414 Anchorage N Palm Bch CSFB- refi $54,000 cash out - default

2006/11 656,000 30 Windward, Palm Bch Gdn AmBkrCond- $161,000 cash out- default

Continued next page…



Page 32 of 158

22. Toubail - continued….

ARMT 2007-1 invested $260,000 with 414 Anchorage, N Palm Beach, FL as collateral:

The property’s history based on the county appraiser:


Date Event Amount Comment

2000/3 Sale 110,000 deed to Malley

2002/3 Sale 130,000 deed to Ustek

2004/12 Sale 255,000 Deed to Toubail

1st mtg 204,000 Mtg Lend Network - 80% financing

2006/11 1st mtg 260,000 CSFB- refi $54,000 cash out - default

2008/12 Deed in lieu n/a to ARMT 2007-1 - deficit of $258,935

2009/4 REO resale 132,000 ARMT 2007-1 netted this amount from sale of property

ARMT 2007-1 lost a minimum $126,935 of principal (49%).


Page 33 of 158

23. Johnson, Wayne V - Polk County, FL - Loans #700493847 & #700493950

Johnson took out 18 loans over 6 years totaling $1,142,556:

Date Amount Property Comment

2000/6 84,800 3553 Diamond Tr Landmark - 80% financing

2002/9 87,200 3553 Diamond Tr Wells Fargo - refi - $2400 cash out

2002/10 52,000 6024 Topher Trail WaMu - 80% financing - default (2008)

2003/7 68,006 6128 Topher Trail Countrywide - 95% financing - default (2008)

2005/2 31,000 6024 Topher Trail WaMu- 2nd mtg- $31,000 cash out - default

2005/3 43,400 6120 Topher Trail Greenpoint- 90% financing - default

12,400 Same Greenpoint- Same

2005/3 65,250 6062 Topher Trail Greenpoint- 90% financing - default

13,000 Same Greenpoint- Same

2005/10 146,400 5017 Black Birch Trail Guaranty Bank - 100% financing - default

36,600 Same Citibank - Same

2006/1 27,500 6128 Topher Trail WaMu- 2nd mtg- $27,500 cash out - default

2006/10 148,000 804 Scott Lake Vill. CSFB- 95% financing - default

27,750 Same CSFB- Same

2006/12 116,000 5099 Rock Glen Turn CSFB- 95% financing - default

21,750 Same CSFB- Same

2007/1 136,000 6702 Sheperd Oaks CSFB- 95% financing - default

25,500 Same CSFB- Same

CSFB sold the $116,000 1st mtg on 5099 Rock Glen Turn to ARMT 2007-1.

CSFB sold the $136,000 1st mtg on 6702 Sheperd Oaks to ARMT 2007-1.

Page 34 of 158

23. Johnson… continued:

ARMT 2007-1 invested $116,000 (#700493847) with 5099 Rock Glen Turn as collateral:

The property’s history based on the county appraiser:


Date Event Amount Comment

1993/12 Sale 40,000 deed to Pittman

2006/12 Sale 145,000 Deed to Johnson - price inflated 263%

1st mtg 116,000 CSFB- 95% financing - default

2nd mtg 21,750 CSFB- Same

2008/12 Foreclosure n/a Judgment of $126,270 vs Johnson

2009/4 Short Sale 74,000 ARMT 2007-1 netted this amount from sale of property
CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $52,270 of principal (45%).

Continued next page….



Page 35 of 158

23. Johnson… continued

ARMT 2007-1 invested $136,000 (#700493950) with 6702 Sheperd Oaks as collateral:

The property’s history based on the county appraiser:


Date Event Amount Comment

2000/5 Sale 81,900 deed to Sander - new const

2002/5 Sale 91,000 deed to Ehrle

2007/1 Sale 170,000 Deed to Johnson - price inflated 87%

1st mtg 136,000 CSFB- 95% financing - default

2nd mtg 25,500 CSFB- Same

2008/12 Foreclosure n/a Judgment of $148,224 vs Johnson

2009/4 Short Sale 92,000 ARMT 2007-1 netted this amount from sale of property
CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $56,224 of principal (42%).

Page 36 of 158

24. McEwen, George Byard III - 3520 Cypress Marsh, Fort Myers, FL - Loan #700499636
ARMT 2007-1 invested $700,000 with this house as collateral:

The property’s history based on the county appraiser:


Date Event Amount Comment

2006/12 Sale 875,000 Deed to McEwen - new construction

1st mtg 700,000 CSFB- 100% financing - default

2nd mtg 175,000 CSFB- Same

2007/11 3rd mtg 115,000 Priority Healthcare - $115,000 cash out - default

2009/7 Foreclosure n/a Judgment of $880,949 vs McEwen

2011/5 REO resale 329,000 ARMT 2007-1 netted this amount from sale of property
CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $551,949 of principal (79%).

[At the time of the CSFB loans, McEwen had over $1.1 million debt on his primary residence.]
Page 37 of 158

25. Golden, James B - 12349 Rock Ridge Rd, Fort Myers, FL - Loan #700457260

The Golden’s refinanced their home in 2006, bought 5 other properties, incurred $1,575,486 of
debt and defaulted on all of it by the end of 2007:

Date Amount Property Comment

2006/3 234,810 5240 Park Rd #3 MetroCities Mtg - 90% financing - default

2006/4 227,950 8450 Kingbird #448 Univ. Amer. - 90% financing - default

2006/6 161,806 21587 Brixham Run Wachovia- refi- $4106 cash out - default

160,700 Same Wachovia - 2nd mtg $87,900 cash out - default

2006/10 359,192 12349 Rock Ridge Ln CSFB- 95% financing - default

67,349 Same CSFB - Same

2007/2 306,250 20672 Torre Del Lago Univ. Amer. - 95% financing - default

57,429 Same Univ. Amer - Same

ARMT 2007-1 invested $359,192 with this townhouse as collateral:

[continued next page]



Page 38 of 158

25. Golden - continued…

The property’s history based on the county appraiser:

Date Event Amount Comment

2006/12 Sale 448,990 Deed to Golden - new construction

1st mtg 359,192 CSFB- 95% financing - default

2nd mtg 67,349 CSFB- Same

2011/5 Short sale 242,500 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2007-2 which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $116,692 of principal (32%).
Page 39 of 158

26. Sroka, Stephen - 15561 Omai Ct, Fort Myers, FL - Loan # 700487813
ARMT 2007-1 invested $334,900 with this house as collateral:

The property’s history based on the county appraiser:


Date Event Amount Comment

2000/12 Sale 150,000 Deed to Sroka

1st mtg 130,000 Mortgage Select - 87% financing

2004/4 1st mtg 145,000 Provident - refi - $15,000 cash out

2004/9 2nd mtg 70,500 Riverside Bank - $70,500 cashout

2005/12 1st mtg 262,500 Homefield Finan. - refi - $47,000 cash out

2007/1 1st mtg 334,900 CSFB- $72,400 cash out - default

2008/12 Foreclosure n/a Judgment of $382,379 vs Sroka

2009/6 REO resale 155,000 ARMT 2007-1 netted this amount from sale of property
ARMT 2007-1 lost a minimum $227,379 of principal (68%).

[CSFB lent Sroka $143,520 during March 2007 for a second property. Sroka defaulted on that
loan too, and to date, the mtg investor there lost all of its investment.]
Page 40 of 158

27. Tran, Michael & Ai Le - 26719 Lost Woods Cir, Bonita Springs, FL - Loan #700491530

The Trans took out 18 loans over 5 years totaling $2,825,411 leading up to their default on Loan
#700491530:

Date Amount Property Comment

2001/1 72,100 26719 Lost Woods BonSpr World Saving Bank - 72% financing

2001/2 25,431 26719 Lost Woods BonSpr 1st Union - 2nd mtg - $25,431 cash out

2001/8 153,000 595 95 Ave, Naples IndyMac - 90% financing

2001/9 17,000 595 95 Ave, Naples 1st Union - 2nd mtg - $17,000 cash out

2004/4 376,032 1854 Ivory Cane Naples IndyMac - 80% financing - default

2004/8 54,500 26719 Lost Woods BonSpr World Savings- 2nd mtg - $29,069 cash out

2004/10 85,500 26719 Lost Woods BonSpr World Savings- 2nd mtg - $31,000 cash out

2005/2 234,500 595 95 Ave, Naples World Savings- refi- $81,500 cash out- default

2005/5 480,000 3329 Sunset #402 PuntaG World Savings- 80% financing - default

2005/10 181,160 11227 Madison Pk Tampa Pinnacle Direct - 80% financing -default

2006/4 100,000 595 95 Ave, Naples 1st Union - refi - $83,000 cash out- default

2006/6 200,000 1854 Ivory Cane Naples Bank Amer- 2nd mtg- $200,000 cash out- default

2006/8 202,600 8511 Broken Willow Tampa HSBC Mtg - 90% financing - default

25,300 Same HSBC - Same

2006/9 300,700 20565 Ardore Ln EsteroFL Wells Fargo - 90% financing - default

37,588 Same Wells Fargo - Same - default

2006/12 280,000 26719 Lost Woods CSFB - $122,400 cash out - default
Bonita Springs FL

Continued next page:



Page 41 of 158

27. Tran - continued….

ARMT 2007-1 invested $280,000 with 26719 Lost Woods Circle as collateral:

History of 26719 Lost Woods based on the county appraiser:


Date Event Amount Comment

1997/2 Sale 115,700 Deed to Blythe - defaulted

2001/1 Sale 100,100 HUD deed to Tran

2009/1 Foreclosure n/a Judgment of $324,671 vs Tran

2010/4 REO resale 136,000 ARMT 2007-1 netted this amount from sale of property

ARMT 2007-1 lost a minimum $188,671 of principal (67%).


Page 42 of 158

28. Roberts, Elouise - 1920 NW 18 St, Cape Coral - Loan #408879597

ARMT 2007-1 invested $346,750 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2004/5 Sale 27,500 Deed to Gonzalez - lot only

2004/7 Sale 46,000 Deed to High - lot only- price inflated 67%

1st mtg 242,748 Busey Bank - $196,748 cash out - some $$ used for construct.

2006/1 1st mtg 253,000 Lehman Bank - $10,252 cash out

2006/7 Sale 365,000 Deed to Roberts - price inflated 56%

1st mtg 346,750 Pinnacle Funding - 95% financing - defaulted

2009/4 Foreclosure n/a Judgment of $409,962 vs Roberts

2009/8 REO resale 141,500 ARMT 2007-1 netted this amount from sale of property
ARMT 2007-1 lost a minimum $268,462 of principal (77%).

[Roberts purchased another $315,000 house about 10 days before this 18th St house, obtaining
99% financing. They defaulted on that loan, too.]
Page 43 of 158

29. Hernandez, Sunilda - 138 Alameda Ave, Fort Myers, FL - Loan #700499748

ARMT 2007-1 invested $202,500 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1988/9 Sale 51,000 Deed to Robinson (nee Shuga)

2003/8 Sale 104,900 Deed to Hernandez - price increased 105%

1st mtg 103,279 Westford Mtg - 99% financing

2006/3 2nd mtg 35,000 Wells Fargo - $35,000 cash out

2007/1 1st mtg 202,500 CSFB - $64,221 cash out - default

2009/1 Foreclosure n/a Judgment of $222,443 vs Hernandez

2009/8 Auction 100 ARMT 2007-1 was the only bidder at auction

To date the property cannot be resold and ARMT 2007-1 has lost all of its principal (100%).

Page 44 of 158

30. Villadoniga, Jose - 3702 26th St SW, Lehigh Acres, FL - Loan #700386002

ARMT 2007-1 invested $200,362 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2004/11 Sale 11,300 Deed to Adharsingh - lot only

2005/11 Sale 50,000 Deed to Holiday Bldrs - lot only -price increased 324%

2006/11 Sale 250,453 Deed to Villadoniga - new construction

1st mtg 200,362 CSFB - 95% financing - default

2nd mtg 37,567 CSFB - Same

2012/1 Foreclosure n/a Judgment of $192,283 vs Villadoniga

2012/3 Auction 68,000 ARMT 2007-1 netted this amount from auction of property

CSFB sold the 2nd mtg to HEMT 2007-2 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $124,283 of principal (62%).

Page 45 of 158

31. Linker, Daniel - 3000 E Sunrise Blvd #4B, Fort Lauderdale, FL - Loan #700391858

ARMT 2007-1 invested $312,664 with unit 4B as collateral:

History of the unit based on the county appraiser:


Date Event Amount Comment

2001/11 Sale 171,000 Deed to Aiges

2003/1 Sale 210,000 Deed to Vollmer - price increased 23%

2005/1 Sale 312,000 Deed to Linker -price inflated 49%

1st mtg 191,600 Act Lending - 61% financing

2006/9 1st mtg 312,664 CSFB - $121,064 cash out - defaulted

2010/8 Foreclosure n/a Judgment of $403,735 vs Linker

2011/3 REO resale 178,000 ARMT 2007-1 netted this amount from sale of property

ARMT 2007-1 lost a minimum $225,735 of principal (72%).



Page 46 of 158

32. DeAndrade, Fabio - 107 Freedom Ct, Deerfield Beach, FL - Loan #700486873
ARMT 2007-1 invested $216,000 with #107 as collateral:

History of the unit based on the county appraiser:


Date Event Amount Comment

1998/6 Sale 67,900 Deed to Jean Pierre - arm’s-length

2001/6 Sale 92,200 Deed to Mack - price increased 36%

2003/5 Sale 123,000 Deed to Ordonez - price inflated 34%

2004/10 Sale 175,900 Deed to Boiago -price inflated 43%

2006/12 Sale 270,000 Deed to deAndrade - price inflated 54%

1st mtg 216,000 CSFB - 100% financing - defaulted

2nd mtg 54,000 CSFB - Same

2008/10 Foreclosure n/a Judgment of $241,500 vs deAndrade

2011/3 REO resale 82,500 ARMT 2007-1 netted this amount from sale of property
CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $159,000 of principal (74%).

Page 47 of 158

33. Methot, Alain - 105 NW 14 Way #14, Dania, FL - Loan #700474428

Methot and his wife, Susan Scelfo took out 19 loans totaling $2,165,200 leading up to default of
Loan #700474428.

Date Amount Property Comment

2002/1 112,400 2130 N 46 Ave Ft Lauder. 1st Nationwide - 90% financing

2002/6 76,500 2342 Lee St Hollywood FL 1st Nationwide - 90% financing - flipped

2003/2 110,000 2130 N 46 Ave Ft Lauderdale SunTrust - 2nd mtg - $110,000 cash out

2003/11 25,000 2342 Lee St Hollywood FL WaMu - 2nd mtg - $25,000 cash out

2004/1 105,000 1439 NW 4 Ave Ft Lauder WaMu - 70% financing

2004/3 105,000 2342 Lee St Hollywood FL WaMu - 2nd mtg - $80,000 cash out

2004/7 117,750 3909 Taft St Hollywood Fl Countrywide - 75% financing - flipped

2004/11 70,300 2781 Taft ST #205 Countrywide - 80% financing - flipped

2005/5 165,000 2130 N 46 Ave Ft Lauder. Countrywide - refi - $52,600 cash out - default

2005/6 116,000 2130 N 46 Ave Ft Lauder. Nat’l City - refi - $6000 cash out - default

2005/12 204,750 430 Golden Isl #301 Hallandale Countrywide - 90% financing - default

2005/12 40,000 2781 Taft ST #205 WaMu - 2nd mtg - $50,000 cash out

2006/2 140,000 1439 NW 4 Ave Ft Lauder Countrywide -refi $87,500 - default

52,500 Same Countrywide - Same

2006/6 195,900 230 SW 6th St, Dania FL Aegis - 80% financing - default

2006/8 170,000 1518 NW 11 St, Ft Lauderdale Aegis - 100% financing - default

2006/11 261,750 105 NW 14 St Dania FL CSFB - 90% financing - default

52,350 Same CSFB - Same

2007/2 45,000 430 Golden Isl #301 Hallandale SunTrust- 2nd mtg- $45,000 cash out- default

Methot - continued next page



Page 48 of 158

Methot - continued….

ARMT 2007-1 invested $261,750 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1998/10 Sale 109,900 Deed to Daniels - arm’s-length

2001/9 Sale 131,580 Deed to Lekas -price increased 20%

2006/11 Sale 349,000 Deed to Methot - price inflated 165%

1st mtg 261,750 CSFB - 90% financing - default

2nd mtg 52,350 CSFB - Same

2011/1 short sale 103,000 ARMT 2007-1 netted this amount from sale of property
CSFB sold the 2nd mtg to HEMT 2007-2 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $158,750 of principal (61%).

Page 49 of 158

34. Butcher, Jeanne & William - 6850 NW 6 St, Margate, FL - Loan #700479433
ARMT 2007-1 invested $256,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1986/9 Sale 73,400 Deed to Butcher - arm’s-length

1995/4 2nd mtg 33,100 United Co - refi

1998/9 1st mtg 91,300 FL Resid Mtg - refi

1999/7 2nd mtg 27,000 Household Fin - refi

2003/9 1st mtg 128,000 ABN Amro refi - $9700 cash out

2005/2 1st mtg 146,500 Bank of America refi - $18,500 cash out

2005/5 2nd mtg 38,000 Bank of America - $38,000 cash out

1st mtg 256,000 CSFB - $71,500 cash out - default

2009/3 Foreclosure n/a Judgment of $275,725 vs Butcher

2009/8 REO resale 103,000 ARMT 2007-1 netted this amount from sale of property

ARMT 2007-1 lost a minimum $172,725 of principal (67%).



Page 50 of 158

35. Hernandez, Danielle - 2420 N 58 Ave, Hollywood, FL - Loan #700501688

ARMT 2007-1 invested $221,600 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1998/12 Sale 88,000 Deed to Torres - arm’s-length

2006/6 Sale 210,000 Deed to SIR Property - price inflated 139%

2007/1 Sale 277,000 Deed to Hernandez - price inflated 32%

1st mtg 221,600 CSFB - 100% financing - defaulted

2nd mtg 55,400 CSFB - Same

2010/4 Foreclosure n/a Judgment of 236,272 vs Hernandez

2010/11 REO resale 84,500 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $147,772 of principal (67%).

Page 51 of 158

36. Velez, Luz Marina - 650 NW 78th Terrace #104, Hollywood, FL - Loan #700495547
ARMT 2007-1 invested $200,000 with unit #104 as collateral:

History of the unit based on the county appraiser:


Date Event Amount Comment

2002/2 Sale 104,965 Deed to Joseph - new construction

2004/7 Sale 160,000 Deed to Dora Velez (Luz’ sister) - price inflated 52%

1st mtg 144,000 Geneva Mtg - 90% financing

2007/1 Sale 250,000 Deed to Luz Velez from sister - price inflated 56%

1st mtg 200,000 CSFB - 80% financing - defaulted - no recorded 2nd mtg

2009/12 Foreclosure n/a Judgment of 223,215 vs Luz Velez

2010/7 REO resale 84,500 ARMT 2007-1 netted this amount from sale of property
ARMT 2007-1 lost a minimum $138,715 of principal (67%).
[Unit 104 was purchased by a fellow Columbian (Dora & Luz are Columbian), transferred to a
shell corporation and Dora Velez now resides in the unit.]

Page 52 of 158

37. Perez, Ernesto & Gutierrez, Marlene - Naples, FL - Loans #700494402 & #700496174
CSFB financed 3 different properties for Perez, including:
Loan #700494402: $315,000 on 5761 Star Grass Lane, Naples, FL
Loan #700496174: $423,200 on 6020 Star Grass Lane, Naples, FL

Loan History:
Date Amount Property Comment

2001/3 173,565 6141 Star Grass Ln Naples Addison Mtg - 99% financing

2002/7 46,000 6141 Star Grass Ln Naples Pacific Shore- 2nd mtg- $46,000 cash out

2004/5 231,400 6141 Star Grass Ln Naples Florida Bank - refi - $11,835 cash out - default

2004/5 210,600 5761 Star Grass Ln Naples New Century- 87% financing

2005/9 347,200 6165 English Oaks Ln CSFB - 90% financing - default

43,400 Same CSFB - Same

2006/12 205,223 6141 Star Grass Ln Naples Nat’l City- 2nd mtg- $205,223 cash out- default

2007/1 315,000 5761 Star Grass Naples CSFB -$104,400 cash out - default

2007/1 423,200 6020 Star Grass Naples CSFB - 65% financing - default - no recorded
2nd mtg

ARMT 2007-1 invested $315,000 with 5761 Star Grass Lane as collateral:
Page 53 of 158

37. Perez … continued

History of 5761 Star Grass Lane based on the county appraiser:


Date Event Amount Comment

1996/10 Sale 87,000 Deed to Taylor

2004/5 Sale 240,000 Deed to Perez - price inflated 176%

1st mtg 210,600 New Century- 87% financing

2007/1 1st mtg 315,000 CSFB -$104,400 cash out - default

2010/5 Foreclosure n/a Judgment of $387,917 vs Perez

2010/9 REO resale 98,500 ARMT 2007-1 netted this amount from sale of property
ARMT 2007-1 lost a minimum $289,417 of principal (92%).

ARMT 2007-1 invested $423,200 with 6020 Star Grass Lane as collateral:

Continued next page…



Page 54 of 158

37. Perez … continued

History of 6020 Star Grass Lane based on the county appraiser:


Date Event Amount Comment

1988/1 Sale 25,000 Deed to Kirk - new construction

2007/1 Sale 650,000 Deed to Perez - price inflated 2500%

2007/1 1st mtg 423,200 CSFB - 65% financing - default - no recorded 2nd mtg

2010/5 Foreclosure n/a Judgment of $465,748 vs Perez

2010/9 REO resale 171,000 ARMT 2007-1 netted this amount from sale of property

ARMT 2007-1 lost a minimum $294,748 of principal (70%).

Perez also defaulted on two loans CSFB wrote on 6165 English Oaks. The investor in the
$43,400 2nd mtg on that house lost all of its investment. The $347,200 1st mtg was assigned
late to CSFB HEAT 2005-8, foreclosed and the property auctioned resulting in a $344,910
(99%) loss.
Page 55 of 158

38. Brasier, Leigh - 63 Lanai Circle, Naples, FL - Loan #700453564


ARMT 2007-1 invested $252,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1998/2 Sale 75,000 Deed to Wysocki

2000/10 Sale 98,000 Deed to McArdle - price increased 31%

2005/7 Sale 252,000 Deed to Brasier - price inflated 157%

1st mtg 226,800 Chevy Chase Bank - 90% financing

2006/2 2nd mtg 77,007 Nat’l City - 2nd mtg - $77,007 cash out

2006/11 1st mtg 252,000 CSFB - $25,200 cash out - default

2013/1 Foreclosure n/a Judgment of $334,859 vs Brasier

2013/3 REO resale 110,500 ARMT 2007-1 netted this amount from sale of property

ARMT 2007-1 lost a minimum $224,359 of principal (89%).



Page 56 of 158

39. Davila, Antonio - 3281 10th Ave NE, Naples, FL - Loan #700461804

ARMT 2007-1 invested $360,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2003/6 Sale 185,000 Deed to Riley

2005/12 Sale 280,000 Deed to Plommer - price inflated 51%

2006/10 Sale 450,000 Deed to Davila - price inflated 61%

1st mtg 360,000 CSFB - 95% financing - defaulted

2nd mtg 67,500 CSFB - Same

2008/9 Foreclosure n/a Judgment of $403,308 vs Davila

2009/12 REO resale 134,500 ARMT 2007-1 netted this amount from sale of property
CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $268,808 of principal (75%).

Page 57 of 158

40. Bailey, Amy - 1704 SW Boatswain Pl, Palm City, FL - Loan #700443951
ARMT 2007-1 invested $464,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2000/4 Sale 187,500 Deed to Reed

2002/1 Sale 303,800 Deed to Yallaly - price inflated 62%

2003/10 Sale 469,000 Deed to Dye - price inflated 54%

2006/10 Sale 580,000 Deed to Davila - price inflated 24%

1st mtg 464,000 CSFB - 80% financing - defaulted

2008/9 Foreclosure n/a Judgment of $523,009 vs Bailey

2009/12 REO resale 225,000 ARMT 2007-1 netted this amount from sale of property
ARMT 2007-1 lost a minimum $298,009 of principal (64%).

Page 58 of 158

41. Seinfeld, Beth - 3 Palmetto Drive, Stuart, FL - Loan #700495490

ARMT 2007-1 invested $360,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1959/4 Sale n/a Deed to Duryea

2007/1 Sale 400,000 Deed to Seinfeld

1st mtg 360,000 CSFB - 90% financing - defaulted

2010/11 Foreclosure n/a Judgment of $395,105 vs Seinfeld

2011/4 REO resale 131,000 ARMT 2007-1 netted this amount from sale of property
ARMT 2007-1 lost a minimum $264,015 of principal (73%).

Page 59 of 158

42. Cohen, Samuel - Miami, FL - Loans #700473043 & #700473251

Cohen was a founder of Davis Mortgage and now specializes in “identifying trends in the
marketplace.”

Cohen took out 18 mortgages during Oct/Nov 2006 and then defaulted on all of them:

Date Amount Property Comment

2006/10 220,000 730 NE 169 St N Miami Bch AmBrokerCond - 90% financing - default

27,500 Same AmBrokerCond - Same

2006/10 221,666 17615 NE 8 Ct N Miami Bch 1st Natl Bk AZ - 90% financing - default

63,333 Same 1st Natl Bk AZ - Same

2006/10 216,766 17530 NE 7 Ct N Miami Bch 1st Natl Bk AZ - 90% financing - default

61,933 Same 1st Natl Bk AZ - Same

2006/10 220,000 901 NE 177 St N Miami Bch AmBrokerCond - 90% financing - default

27,500 Same AmBrokerCond - Same

2006/10 220,000 17680 NE 8 Ct N Miami Bch AmBrokerCond - 90% financing - default

27,500 Same AmBrokerCond - Same

2006/11 175,000 941 NE 172 St N Miami Bch Approved Fund - 90% financing - default

50,000 Same Approved Fund - Same

2006/11 316,666 1055 NE 176 N Miami Bch Lehman Bank - 100% financing - default

2006/11 326,000 1230 NE 172 St NMiami Bch Lehman Bank - 100% financing - default

2006/11 248,000 1071 NE 175 N Miami Bch CSFB - 90% financing - default

31,000 Same CSFB - Same

2006/11 256,000 1080 NE 178 Ter NMB CSFB - 90% financing - default

32,000 Same CSFB - Same


Oct/Nov 2006 Total: $2,740,864

Continued next page….



Page 60 of 158

42. Cohen… continued


Loan #700473043 -
ARMT 2007-1 invested $248,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2006/11 Sale 310,000 Deed to Cohen

1st mtg 248,000 CSFB - 90% financing - defaulted

2nd mtg 31,000 CSFB - Same

2008/6 short sale 184,500 ARMT 2007-1 netted this amount from sale of property
CSFB sold the 2nd mtg to HEMT 2007-2 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $63,500 of principal (26%).

Continued next page….



Page 61 of 158

42. Cohen… continued


Loan #700473251 -
ARMT 2007-1 invested $256,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2006/11 Sale 320,000 Deed to Cohen

1st mtg 256,000 CSFB - 90% financing - defaulted

2nd mtg 32,000 CSFB - Same

2008/7 short sale 199,500 ARMT 2007-1 netted this amount from sale of property
CSFB sold the 2nd mtg to HEMT 2007-2 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $56,500 of principal (22%).
Page 62 of 158

43. Suarez, Barbara & Welgen - 21380 Bridge View Dr, Boca Raton, FL - Loan #700457382

ARMT 2007-1 invested $258,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1985/12 Sale 143,700 Deed to Asch - arm’s-length

2006/11 Sale 322,500 Deed to Suarez - price increased 125%

1st mtg 258,000 CSFB - 95% financing - defaulted

2nd mtg 48,375 CSFB - Same

2013/1 Foreclosure n/a Judgment of $354,859 vs Suarez

2013/8 REO resale 62,500 ARMT 2007-1 netted this amount from sale of property
CSFB sold the 2nd mtg to HEMT 2007-2 which lost all of its investment (100%).
ARMT 2007-1 lost all of its principal (100%).

Page 63 of 158

44. Marcellin, Vella - Delray Beach, FL - Loan #700428793

ARMT 2007-1 invested $252,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1994/9 Sale 38,000 Deed to Rosen - arm’s-length

2001/11 Sale 100,000 Deed to LiCastri - price inflated 163%

2002/5 Sale 160,000 Deed to Kaknes - price inflated 60%

2004/8 Sale 255,000 Deed to Marcellin - price inflated 59%

1st mtg 211,000 Novastar - 83% financing

2006/11 1st mtg 252,000 CSFB - $41,000 cash out - defaulted

2013/8 short sale 61,000 ARMT 2007-1 netted this amount from sale of property

ARMT 2007-1 lost a minimum $191,000 of principal (76%).



Page 64 of 158

45. Lamar, Warren & Tijuana - 20563 NW 11th Ave, Miami Gardens, FL - Loan #700381704

The Lamars took out almost a dozen loans leading up to default of Loan #700381704

Date Amount Property Comment

1999/11 52,000 1720 NW 85 St Miami Full Spectrum - 75% financing - flipped

2001/8 13,000 1720 NW 85 St Miami Eastern FCU - 2nd mtg - $13,000 cash out

2003/1 123,500 19420 NW 32 Ave OpaLocka Countrywide - 95% financing

2004/5 20,000 19420 NW 32 Ave OpaLocka Countrywide - 2nd mtg - $20,000 cash out

2005/5 26,500 19420 NW 32 Ave OpaLocka Countrywide - 2nd mtg - $6500 cash out

2005/8 182,500 19420 NW 32 Ave OpaLocka Wachovia - refi - $32,500 cash out

2006/1 150,000 2900 NW 209 Miami Gdns JPMorgan - refi - $150,000 cash out

2006/8 453,819 20563 NW 11 Miami Gdns CSFB - 95% financing - default

85,091 Same CSFB - Same

2006/10 200,000 2900 NW 209 Miami Gdns Countrywide- refi- $50,000 cash out- default

2006/10 200,000 19420 NW 32 Ave OpaLocka Countrywide- refi- $17,500 cash out- default

Continued next page…



Page 65 of 158

45. Lamar… continued


ARMT 2007-1 invested $453,819 with this house as collateral:

History of the property based on the county appraiser:

Date Event Amount Comment

2006/8 Sale 567,274 Deed to Lamar - new construction

1st mtg 453,819 CSFB - 95% financing - defaulted

2nd mtg 85,091 CSFB - Same

2010/5 short sale 235,000 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2006-6 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $218,819 of principal (48%).

Page 66 of 158

46. Polo, Leonardo - 4775 Collins Ave #1804, Miami, FL - Loan #700452451

Polo took out a “$2-million six-pack” of loans over a 60 day period, defaulting about 1 year later:
Date Amount Property Comment

2004/8 123,200 6335 NW 170 Ln Miami Lehman Bros. - 100% financing

30,800 Same Lehman Bros. - Same

2006/10 100,000 6335 NW 170 Ln Miami SunTrust - 2nd mtg - $70,000 cash out

2006/10 1,500,000 3580 Battersea Rd Miami Crossfire Fin. - 90% financing - default

300,000 Same Crossfire Fin. - Same

2006/12 760,000 4775 CollinsAv #1804 Miami CSFB - 100% financing - default

190,000 Same CSFB - Same


2006 Total: $2,850,000

ARMT 2007-1 invested $760,000 with unit 1804 (center tower) as collateral:

Continued next page…



Page 67 of 158

46. Polo…. continued

ARMT 2007-1 investment - $760,000:

Loan #700452451 - 4775 Collins Ave, Unit 1804:


Date Event Amount Comment

2002/2 Sale 375,000 Deed to Fernandez - new construction

2005/11 Sale 775,000 Deed to Domfrocht - price inflated 107%

2006/12 Sale 950,000 Deed to Polo - price inflated 23%

1st mtg 760,000 CSFB - 100% financing - defaulted

2nd mtg 190,000 CSFB - Same

2009/5 short sale 572,500 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $187,500 of principal (25%).

Page 68 of 158

47. Yabor, Sahily - 6820 N Augusta Dr, Miami, FL - Loan #700387851


Yabor’s residence: 5341 SW 10th Plantation, FL - loan on 5341 SW 10 at time: $180,000

[During September 2006, Yabor also financed the purchase of 8265 SW 56 St, Miami with a
$941,250 loan (defaulted).]
Yabor increased her debt load by 1000% in just 30 days during 2006.

ARMT 2007-1 invested $675,500 with this nice house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1998/6 Sale 300,000 Deed to Schlafke - arm’s-length

2006/8 Sale 965,000 Deed to Yabor - price inflated 221%

1st mtg 675,500 CSFB - 95% financing - defaulted

2nd mtg 241,250 CSFB - Same

2010/8 Foreclosure n/a Judgment of $815,029 vs Yabor

2010/11 REO resale 530,000 ARMT 2007-1 netted this amount from sale of property
The investor in the CSFB 2nd mtg lost all of its investment.
ARMT 2007-1 lost a minimum $285,029 of principal (42%)

Page 69 of 158

48. Correa, Alexander & Elisa - 2949 Coconut Ave, Miami, FL - Loan #700440979

ARMT 2007-1 invested $532,000 with this vacant lot (maybe once a house?) as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1991/9 Sale 73,000 Deed to Edkris - arm’s-length

2006/10 Sale 670,000 Deed to Correa - price inflated 817%

1st mtg 532,000 CSFB - 95% financing - defaulted

2nd mtg 99,750 CSFB - Same

2008/10 short sale 197,000 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $335,000 of principal (63%).

Page 70 of 158

49. Perez, Jorge & Damarys - 19831 SW 81 Ct, Cutler Bay, FL - Loan #700433346

During 12 years, the Perez’ increased their mortgage debt by over three-fold (from $142,500 to
$495,000).

ARMT 2007-1 invested $416,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1994/12 Sale 150,000 Deed to Perez - arm’s-length

1st mtg 142,500 Suburban Mtg - 95% financing

1996/3 1st mtg 153,000 Washtenaw Mtg - refi - $10,500 cash out

1996/4 2nd mtg 17,000 GMAC - $17,000 cash out

2002/6 1st mtg 179,000 New Century - $9000 cash out

Continued next page…



Page 71 of 158

49. Perez…. continued

Date Event Amount Comment

2003/2 1st mtg 184,000 Aames Mtg - $51,000 cash out

2nd mtg 46,000 Aames Mtg - Same

2005/2 1st mtg 296,250 Argent - $66,250 cash out

2006/6 2nd mtg 100,000 Delta Funding - $100,000 cash out

2006/11 1st mtg 416,000 CSFB - $19,750 cash out - defaulted

2007/3 2nd mtg 79,000 Delta Funding - $79,000 cash out - defaulted

2011/4 Foreclosure n/a Judgment of $561,184 vs Perez

2011/8 short sale 136,000 ARMT 2007-1 netted this amount from sale of property

ARMT 2007-1 lost all if its principal (100%).

Between 1996 and 2007 the Perez’ cashed out $342,000 from their home - most of the principal
amount lost by ARMT 2007-1.

Page 72 of 158

50. Perez, Miriam - 3500 NW 13th St, Miami, FL - Loan #700490169

Miriam was an active borrower leading up to the default of Loan #700490169:

Date Amount Property Comment

2004/3 185,250 17725 SW 146 St Pinnacle Funding- 95% financing- default

2004/8 126,950 710 SW 114 Ave #C4 ResFundCorp - 99% financing - flipped

2004/9 59,000 5941 SW 56 Ter IndyMac- 2nd mtg - $59,000 cash out -flipped

2004/11 110,000 8967 NW 112 Ter Argent -refi - $13,000 cash out - default

2005/3 170,300 10755 SW 108 #206 Countrywide - 102% financing - default

42,550 Same Countrywide - Same

2005/5 314,300 10214 SW 227 Miami CountyTrust - 90% financing

2005/10 171,000 Gonlyon Ind. Park Mikon Financial

2006/1 331,200 10214 SW 227 Miami Long Beach Mtg - refi - $16,900 cash out

2006/9 261,600 1865 Brickell Ave #610A Allstar Financial - 100% financing- default

65,400 Same Allstar Financial - Same

2006/11 378,000 10214 SW 227 Miami Fremont- refi- $46,800 cash out - default

2006/12 348,000 3500 NW 13 St Miami CSFB - 100% financing - default

87,000 Same CSFB - Same

2007/3 442,500 1171 SW 20 Ave 1st Magnus - 100% financing - default

147,500 Same 1st Magnus - Same

2007/5 35,000 10214 SW 227 Miami Capital One- 2nd mtg - $35,000 cash out- default

Continued next page….



Page 73 of 158

50. Miriam Perez… continued

Loan #700490169:
ARMT 2007-1 invested $348,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2001/6 Sale 148,000 Deed to Diaz - arm’s-length

2006/12 Sale 435,000 Deed to Perez - price inflated 194%

1st mtg 348,000 CSFB - 100% financing - defaulted

2nd mtg 87,000 CSFB - Same

2010/12 Foreclosure n/a Judgment of $383,681 vs Perez

2011/7 REO 94,500 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $289,181 of principal (83%).
Page 74 of 158

51. DeLobel, Arnaud - 208 16th St #D, St Augustine, FL - Loan #700445533


ARMT 2007-1 invested $262,500 with #208D as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2000/8 Sale 101,900 Deed to Carter - new construction

2002/4 Sale 125,000 Deed to Timson/Knepton - price increased 22%

2006/3 Sale 296,000 Deed to Lobel - price inflated 137%

1st mtg 265,810 Pinnacle Funding - 90% financing

2006/10 1st mtg 262,500 CSFB - $49,810 cash out - defaulted

2nd mtg 52,500 CSFB - Same

2007/11 Foreclosure n/a Judgment of $279,154 vs deLobel

2009/1 REO 112,500 ARMT 2007-1 netted this amount from sale of property
CSFB sold the 2nd mtg to HEMT 2007-2 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $166,654 of principal (63%).

Page 75 of 158

52. Colbert, Theron & Dominga - 1232 Matengo Cir, Jacksonville, FL - Loan #700472424

ARMT 2007-1 invested $439,337 with this nice house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2006/11 Sale 549,200 Deed to Colbert - new construction

1st mtg 439,337 CSFB - 95% financing - defaulted

2nd mtg 82,375 CSFB - Same

2014/7 Foreclosure n/a Judgment of $547,003

REO resale n/a on market Oct. 2014

CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
Today, homes in this neighborhood average $300,000. It is likely ARMT 2007-1 has lost
substantial principal.
Page 76 of 158

53. Dickson, Felicia - 810 SW 5th Ave, Delray Beach, FL - Loan # 700445313

ARMT 2007-1 invested $228,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1986/7 Sale 44,000 Deed to Small - arm’s-length

2004/1 REO resale 95,500 Deed to Carbaugh - arm’s-length

2004/2 Sale 143,100 Deed to Koehler - price inflated 50%

2005/4 Sale 215,000 Deed to Dickson - price again inflated 50%

1st mtg 193,500 Homecomings - 90% financing

2006/9 1st mtg 228,000 CSFB - 95% financing - defaulted

2014/2 Tax Deed n/a Property sold for unpaid taxes - $0 recovery for ARMT 2007-1

ARMT 2007-1 lost all of its principal (100%).



Page 77 of 158

54. Grullon, Maria - 4531 SW 2 Ter, Miami, FL - Loan #700468821

Maria took out a “million-dollar six-pack” of loans in just 30 days:


Date Amount Property Comment

2006/11 382,400 1865 Brickell Ave #A911 AllStar Fin. 100% financing - default

95,600 Same AllStar Fin. - Same

2006/11 359,200 2240 SW 19 St Miami New Century - 100% financing - flipped

89,800 Same New Century - Same

2006/12 344,000 4531 SW 2nd Miami CSFB - 100% financing - default

86,000 Same CSFB - Same


Total: $1,357,000

ARMT 2007-1 invested $344,000 with this house as collateral:

Continued next page



Page 78 of 158

54. Grullon - continued

History of the property based on the county appraiser:


Date Event Amount Comment

1981/3 Sale 52,000 Deed to Bernal - arm’s-length

2006/7 Sale 315,000 Deed to Emsoc Investments - price inflated 505%

2006/12 Sale 430,000 Deed to Grullon - price inflated 37%

1st mtg 344,000 CSFB - 100% financing - defaulted

2nd mtg 86,000 CSFB - Same

2010/2 Foreclosure n/a Judgment of $433,686 vs Grullon

2014/2 REO resale 119,000 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)

ARMT 2007-1 lost a minimum $314,686 of principal (91%).



Page 79 of 158

55. Garcia, Nestor - 10450 SW 26th Ter, Miami, FL - Loan #700446832

Nestor also took out almost a “million-dollar six-pack” of loans in just 50 days:
Date Amount Property Comment

2006/10 156,800 14911 SW 82 Ter #2104 WMC - refi $40,676 cash out- default

39,200 Same WMC- 2nd mtg - Same

2006/11 343,200 10450 SW 26 Ter Miami CSFB - 100% financing - default

85,800 Same CSFB- 2nd mtg - Same

2006/12 288,000 10571 SW 27 St Miami Argent - 100% financing - default

78,000 Same Argent - Same


Total: $991,000

ARMT 2007-1 invested $343,200 with this house as collateral:

Continued next page….


Page 80 of 158

55. Garcia…. continued

History of the property based on the county appraiser:

Date Event Amount Comment

1974/10 Sale 55,000 Deed to Penkosky

2006/11 Sale 429,000 Deed to Garcia - price increased 680%

1st mtg 343,200 CSFB - 100% financing - default

2nd mtg 85,800 CSFB- 2nd mtg - Same

2008/3 Foreclosure n/a Judgment of $364,770 vs Garcia

2009/4 short sale 214,000 ARMT 2007-1 netted this amount from sale of property

The investor in the CSFB 2nd mtg lost all of its investment.

ARMT 2007-1 lost a minimum $150,770 of principal (44%).



Page 81 of 158

56. Bello, Alexander - 397 W 64th St, #397, Hialeah FL - Loan #700466740

ARMT 2007-1 invested $273,500 with half of this house (the white half) as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1994/12 Sale 94,000 Deed to Felipe

2006/11 Sale 273,500 Deed to Bello - price inflated 191%

2006/12 1st mtg 218,800 CSFB - 100% financing - default

2nd mtg 54,700 CSFB- 2nd mtg - Same

2009/9 Foreclosure n/a Judgment of $253,984 vs Bello

2012/11 REO resale 112,000 ARMT 2007-1 netted this amount from sale of property
CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $141,984 of principal (65%).

Page 82 of 158

57. Azpurua, Ines & Alberto - 8440 SW 8th St #408A, Miami, FL - Loan #700490304

ARMT 2007-1 invested $215,175 with unit #408 as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2007/1 Sale 286,900 Deed to Azpurua - new construction

1st mtg 215,175 CSFB - 90% financing - default

2nd mtg 43,000 CSFB- 2nd mtg - Same

2009/9 Foreclosure n/a Judgment of $263,656 vs Azpurua

2012/11 REO resale 95,500 ARMT 2007-1 netted this amount from sale of property
The investor in the CSFB 2nd mtg lost all of its investment.
ARMT 2007-1 lost a minimum $168,156 of principal (78%).

[The Azpuruas also refinanced their home and another investment property during January
2007. They defaulted on all those loans, too.]

Page 83 of 158

58. Takacs, Zsuzsanna - Las Vistas at Doral Condo #318, Doral, FL- Loan #700464285
[N.B. Same building as Borrower #21 - Hale/Bergstrom]

ARMT 2007-1 invested $206,317 with unit #318 as collateral:

The unit’s history based on the county appraiser:


Date Event Amount Comment

2006/11 Sale 257,897 Deed to Takacs - condo conversion

1st mtg 206,317 CSFB - 100% financing - defaulted

2nd mtg 51,579 CSFB - Same

2009/1 Short sale 79,500 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2007-2 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $126,817 of principal (61%).
Page 84 of 158

59. Terzi, Recep - Orlando, FL - Loans #500882935, #500878749 & #500882953


Residence: 4869 Fells Cove Ave, Kissimmee, FL
Terzi took out 42 loans during 5 months, and defaulted on all outstanding by the end of 2007.

Date Amount Property Comment

2006/10 260,000 7183 Cadiz Blvd Orlando Montgomery Mtg- 95% financing- default

48,750 Same Same - 2nd mtg

2006/10 284,000 7062 Cadiz Blvd Orlando Montgomery Mtg - 95% financing - default

53,250 Same Same - 2nd mtg

2006/10 284,000 6826 Slaven Dr Orlando Montgomery Mtg - 95% financing - default

53,250 Same Same - 2nd mtg

2006/10 284,000 7135 Cadiz Blvd Orlando Montgomery Mtg - 95% financing - default

53,250 Same Same - 2nd mtg

2006/10 284,000 7105 Cadiz Blvd Orlando Montgomery Mtg- 95% financing - default

53,250 Same Same - 2nd mtg

2006/10 284,000 7143 Cadiz Blvd Orlando Montgomery Mtg- 95% financing- default

53,250 Same Same - 2nd mtg

2006/10 375,200 9528 Piccadilly Sky Way Montgomery Mtg - 95% financing - default

70,350 Same Same - 2nd mtg

2006/10 368,800 8935 L Archer Blvd Windermere Montgomery Mtg - 95% financing - default

69,150 Same Same - 2nd mtg

2006/10 328,800 8952 L Archer Blvd Windermere Montgomery Mtg - 95% financing - default

61,650 Same Same - 2nd mtg

2006/10 337,600 8814 L Archer Blvd Windermere Montgomery Mtg - 95% financing - default

63,300 Same Same - 2nd mtg

2006/10 333,600 8832 L Archer Blvd Windermere Montgomery Mtg - 95% financing - default

62,550 Same Same - 2nd mtg

2006/10 308,000 9007 L Archer Blvd Winder. Montgomery Mtg- 95% financing - default

57,750 Same Same - 2nd mtg

Continued next page….



Page 85 of 158

59. Terzi… continued

Date Amount Property Comment

2006/10 328,800 8844 L Archer Blvd Windermere Montgomery Mtg - 95% financing - default

61,650 Same Same - 2nd mtg - default

2006/10 383,200 4415 Blue Major Dr Windermere Montgomery Mtg - 95% financing - default

71,850 Same Same - 2nd mtg - default

2006/12 271,200 941 Davenwood Ct, Ocoee FL Montgomery Mtg - 90% financing

33,900 Same Same - 2nd mtg - default

2006/12 270,400 947 Davenwood Ct, Ocoee FL Montgomery Mtg - 90% financing

33,800 Same Same - 2nd mtg - default

2006/12 271,200 1151 Barronwood Rd, Ocoee FL Montgomery Mtg - 90% financing

33,900 Same Same - 2nd mtg - default

2007/1 366,000 14449 Yellow Butterfly Winderm. IndyMAC - 100% financing - default

91,500 Same Same - 2nd mtg - default

2007/1 319,500 7191 Cadiz Blvd Orlando IndyMAC - 90% financing - default

2007/1 319,500 6810 Hochad Dr Orlando IndyMAC - 90% financing - default

2007/3 305,100 947 Davenwood Ct, Ocoee FL Montgomery- refi- $34,700 cash out- default

2007/3 305,100 1151 Barronwood Rd, Ocoee FL Montgomery- refi- $34,700 cash out

2007/3 305,100 941 Davenwood Ct, Ocoee FL Montgomery- refi- $34,700 cash out- default

2007/9 262,400 1151 Barronwood Rd, Ocoee FL JPMorgan - refi - default

Total: $8,465,650

CSFB sold three loans to ARMT 2007-1:


Loan #500882935: $260,000 1st mtg on 7183 Cadiz Blvd, Orlando FL
Loan #500882953: $284,000 1st mtg on 7105 Cadiz Blvd, Orlando FL
Loan #500878749: $284,000 1st mtg on 7143 Cadiz Blvd, Orlando, FL

Continued next page:



Page 86 of 158

59. Terzi - continued…


Picture of 7183 Cadiz (all look the same):

History of 7183 Cadiz Blvd based on the county appraiser:


Date Event Amount Comment

2006/10 Sale 325,000 Deed to Terzi - new construction

1st mtg 260,000 Montgomery - 95% financing - defaulted

2nd mtg 48,750 Montgomery - Same

2009/7 Foreclosure n/a Judgment of 303,529 vs Terzi

2009/1 REO resale 159,000 ARMT 2007-1 netted this amount from sale of property
CSFB sold the 2nd mtg to HEMT 2007-2 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $144,529 of principal (56%).

Continued next page….



Page 87 of 158

59. Terzi …. continued

History of 7105 Cadiz Blvd based on the county appraiser:


Date Event Amount Comment

2006/10 Sale 355,000 Deed to Terzi - new construction

1st mtg 284,000 Montgomery - 95% financing - defaulted

2nd mtg 53,250 Montgomery - Same

2009/5 Foreclosure n/a Judgment of 327,396 vs Terzi

2009/1 REO resale 155,000 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2007-2 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $172,396 of principal (61%).

History of 7143 Cadiz Blvd based on the county appraiser:


Date Event Amount Comment

2006/10 Sale 355,000 Deed to Terzi - new construction

1st mtg 284,000 Montgomery - 95% financing - defaulted

2nd mtg 53,250 Montgomery - Same

2009/4 Foeclosure n/a Judgment of $325,000 vs Terzi (amt approx.)

2009/1 REO resale 173,000 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2007-2 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $152,000 of principal (53%).
Page 88 of 158

60. Acevedo, Eugenio - 1711 Sweetwater West Circle, Apopka, FL - Loan #700440376
ARMT 2007-1 invested $508,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2000/7 Sale 252,500 Deed to Fichtner

2003/2 Sale 280,000 Deed to Coneglio

2005/4 Sale 274,000 Deed to Firios

2006/9 Sale 635,000 Deed to Acevedo - price inflated 132%

1st mtg 508,000 CSFB - 100% financing - defaulted

2nd mtg 127,000 CSFB - Same

2008/4 Foreclosure n/a Judgment of $581,293 vs Acevedo

2009/9 REO resale 178,500 ARMT 2007-1 netted this amount from sale of property
CSFB sold the 2nd mtg to HEMT 2006-6 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $402,793 of principal (79%).

[During June, 2006 the Acevedos bought a new $300,000 house. They defaulted on the loans
there, too.]

Page 89 of 158

61. Cedeno, Leopolda - 14461 Grassy Cove Circle, Orlando, FL - Loan #700471940

ARMT 2007-1 invested $202,500 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1993/9 Sale 105,500 Deed to Mardegan,- new construction

2006/11 Sale 270,000 Deed to Cedeno - price inflated 157%

1st mtg 202,500 CSFB - 100% financing - defaulted

2nd mtg 67,500 CSFB - Same

2009/9 short sale 112,500 ARMT 2007-1 netted this amount from sale of property

The investor in the CSFB 2nd mtg lost all of its investment.

ARMT 2007-1 lost a minimum $90,000 of principal (44%).



Page 90 of 158

62. Thomas, Brendon - 14657 Whittridge Dr, Winter Garden, Fl - Loan #700430792

ARMT 2007-1 invested $376,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2006/9 Sale 470,000 Deed to Thomas - new construction

1st mtg 376,000 CSFB - 95% financing - defaulted

2nd mtg 70,500 CSFB - Same

2014/1 Foreclosure n/a Judgment of $508,316 vs Thomas

2014/3 Auction 216,500 ARMT 2007-1 netted this amount at auction

CSFB sold the 2nd mtg to HEMT 2006-6 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $291,816 of principal (78%).

Page 91 of 158

63. Engelking, Chester- Maricopa & Pinal AZ - Residence: 9433 S Stanley - Loan #700461970

Engelking took out 140 loans over 42 months totaling $22,920,408.

Chester defaulted on almost 130 loans.

Date Amount Property Comments

2003/8 81,600 3902 W Glendale Finance Amer- 100% financing. Flipped in 2005

20,000 same Seller 2nd mtg - same

2003/9 68,900 3709 W Luke Private lender - 100% financing. Defaulted 2004

37,100 same Seller 2nd mtg - same

2003/10 164,450 1990 W Mulberry Private lender - 100% financing. Defaulted 2004

88,550 same Seller 2nd mtg - same

2003/10 82,225 3148 W Thunderbird Private lender - 100% financing. Defaulted 2004

44,275 same Seller 2nd mtg - same

2003/10 78,650 6234 N 39th Private lender - 100% financing. Defaulted 2004

43,000 same Seller 2nd mtg - same

2003/10 43,550 1927 E Hampton Private lender - 100% financing. Defaulted 2004

23,450 same Seller 2nd mtg - same

2003/11 83,200 233 W Taro New Horizons Mtg- 100% fin. Defaulted 2004

47,360 same Seller 2nd mtg - same

Continued next page…



Page 92 of 158

63. Engelking… continued

Date Amount Property Comments

2003/11 79,560 2245 W Weldon Private lender - 100% financing. Defaulted 2004.

42,840 same Seller 2nd mtg - same

2003/11 66,650 5909 W Hubbell Private lender - 100% financing. Defaulted 2004.

35,350 same Seller 2nd mtg - same

2003/12 185,200 4302 E Calle Feliz New Horizons Mtg- 101% fin. Defaulted 2004.

99,750 same Seller 2nd mtg - same

2003/12 108,500 2434 E Hazelwood New Horizons Mtg 100% fin. - refi in 2004

58,450 same Seller 2nd mtg - same

2004/1 59,000 5241 E Colby New Horizons Mtg -100% fin. Defaulted 2005.

32,000 same Seller 2nd mtg - same

2004/1 94,250 3835 W Grovers Homestar Pension - 100% fin. Defaulted 2004.

50,750 same Seller 2nd mtg - same

2004/1 139,750 6208 N 30th Homestar Pension- 100% fin. Defaulted in 2004.

79,550 same Seller 2nd mtg - same

2004/1 84,175 2750 E Irwin New Horizons Mtg -100% fin. Defaulted 2004.

45,325 same Seller 2nd mtg - same

2004/1 42,185 6911 W Montrose Seller financing- 100% fin. - Defaulted 2004.

22,715 same Private lender 2nd mtg - same

Continued next page…



Page 93 of 158

63. Engelking …. continued

Date Amount Property Comments

2004/2 99,450 8021 W Magnolia Homestar Pension - 100% fin. Defaulted 2004.

53,550 same Seller 2nd mtg - same

2004/2 48,750 3002 N 70th Homestar Pension - 100% fin. Defaulted 2004.

27,000 same Seller 2nd mtg - same

2004/2 43,800 600 S Dobson New Horizons Mtg -100% fin. Defaulted 2004.

29,200 same Seller 2nd mtg - same

2004/2 49,000 15402 N 28th Allrig Financial - 100% fin. Defaulted 2005.

26,215 same Seller 2nd mtg - same

2004/3 137,800 6631 E Monte Vista New Horizons Mtg -100% fin. Defaulted 2004.

78,440 same Seller 2nd mtg - same

2004/3 168,900 9043 N Arroya Grande Fremont Mtg - 100% fin. Flipped 2005

91,000 same Seller 2nd mtg - same

2004/5 170,624 6691 W Del Rio MRL LP - 100% fin. Default 2004.

91,874 same Seller 2nd mtg - same

2004/5 236,274 377 E Julian Dr MRL LP - 100% fin. Flipped in 2005

127,225 same Seller 2nd mtg - same

2004/6 75,500 10510 W Heatherbrae Mtg Co. of America - 100% fin.- Defaulted 2004.

40,650 same Seller 2nd mtg - same

Continued next page…



Page 94 of 158

63. Engelking …. continued

Date Amount Property Comments

2004/6 51,000 2605 W Coolidge Private lender - 100% fin.- Defaulted 2004

27,399 same Seller 2nd mtg - same

2004/6 95,500 1716 WCortez #141 Private lender - 100% fin.- Defaulted 2005

51,258 same Seller 2nd mtg - same

2004/6 73,000 17431 N 13th Private lender - 100% fin.- Defaulted 2004

42,500 same Seller 2nd mtg - same

2004/6 561,000 1249 E Del Sol Seller 1st mtg- 100% fin. Refi in 30 days.

2004/7 417,000 9433 Stanley Private lender - 100% fin.- refi 2006

284,950 same Seller 2nd mtg - same

2004/7 551,000 1249 E Del Sol Amer Savings Life Ins. 99% fin. Defaulted 2005

2004/8 309,000 8348 W Maya BNC Mtg - 100% fin.- Defaulted 2005

77,250 same Seller 2nd mtg - same

2004/8 94,250 17828 N 41st Private lender - 100% fin.- Defaulted 2005

55,100 same Seller 2nd mtg - same

2004/9 184,977 10639 W Carlota Lincoln Trust -100% fin.- Defaulted 2005

99,603 same Seller 2nd mtg - same

2004/10 173,500 2434 E Hazelwood Wells Fargo 1st refi- $5,000 cashout- defaulted

2004/10 76,571 2143 S Vincent Private lender - 100% fin.- Defaulted 2005

2004/10 44,275 3148 W Thunderbird Seller 2nd mtg - modif. after default - re-defaulted

2005/12 147,000 11934 W Bloomfield Allrig Financial - 100% fin.- Defaulted

78,950 same Seller 2nd mtg - same

Continued next page…



Page 95 of 158

63. Engelking…. continued

Date Amount Property Comments

2006/1 155,098 1329 S Royal Palm Rd Linwood Ent - 100% fin - defaulted (Pinal,AZ)

83,514 same Seller 2nd mtg - same

2006/2 162,500 23429 N Desert Dr USA Financial - 100% fin. Defaulted. (Pinal,AZ)

90,000 same Seller 2nd mtg - same

2006/2 148,000 1384 W Mesquite Av Allrig Ent. - 100% fin - defaulted (Pinal,AZ)

79,538 same Seller 2nd mtg - same

2006/3 729,000 9433 S Stanley Argent - 1st mtg refi - $27,000 cash out - defaulted

2006/4 115,000 9433 S Stanley Home Funds 2nd mtg- $115,000 cash out - defaulted

2006/3 230,750 21282 E Tierra Grande Private lender - 100% fin.- Defaulted

127,800 same Seller 2nd mtg - same

2006/3 153,621 8723 W Granada Private lender - 100% fin.- Defaulted

82,719 same Seller 2nd mtg - same

2006/3 170,950 10137 E Keats USA Financial - 100% fin. Defaulted.

99,940 same Seller 2nd mtg - same

2006/3 196,950 740 W Sagebrush Private lender - 100% fin.- Defaulted

106,050 same Seller 2nd mtg - same

2006/4 160,793 14334 W Ely Affiliated Mtg - 100% fin.- Defaulted.

89,581 same Touchstone 2nd mtg - same

2006/4 207,197 1430 N Milly, Casa Grnd Affiliated Mtg - 100% fin.- Defaulted (Pinal AZ)

109,953 same Seller 2nd mtg - same

2006/5 447,200 5332 N 20th People’s Choice Mtg - 100% fin.- Defaulted.

111,800 same Seller 2nd mtg - same

2006/5 410,131 4720 E Adobe People’s Choice Mtg - 100% fin.- Defaulted.

145,000 same Seller 2nd mtg - same

Continued next page….



Page 96 of 158

63. Engelking … continued

Date Amount Property Comments

2006/5 187,598 14201 N 126 Sebring Capital - 100% fin.- Defaulted

46,900 same Seller 2nd mtg - same

2006/7 226,200 15972 W Calavar CSFB - 97% fin.- Defaulted

42,400 same CSFB - 2nd mtg- same

2006/7 200,800 35710 N Belgian Blue CSFB - 95% fin.- Defaulted (Pinal,AZ)

37,650 Same CSFB - 2nd mtg- same

2006/7 200,000 35 W Holstein Trail CSFB - 95% fin.- Defaulted (Pinal,AZ)

37,500 Same CSFB - 2nd mtg- same

2006/7 280,250 25590 W Globe Freestand Financial - 95% fin.- Defaulted

2006/8 419,225 3506 E Caballero Option One Mtg - 95% fin.- Defaulted

2006/8 408,750 2320 N Gentry UBS - 95% fin.- Defaulted.

109,000 same UBS 2nd mtg - same

2006/8 498,750 9608 S 46th CIT - 95% fin. Defaulted

2006/8 489,750 624 E Bellerive UBS - 95% fin. Defaulted

130,600 same UBS -2nd mtg - same

2006/8 228,000 1867 W Desert Hills Argent - 95% fin.- defaulted (Pinal,AZ)

2006/8 265,500 1497 E Leaf Rd WaMu - 90% fin.- defaulted (Pinal,AZ)

2006/9 272,000 7315 E Lindner Argent Mtg - 100% fin.- Defaulted

68,000 same Seller 2nd mtg - same

2006/9 336,000 18517 W Paseo WMC Mtg - 100% fin.- Defaulted

84,000 same Seller 2nd mtg - same

2006/9 432,000 1734 S 180th Master Financial - 100% fin.- Defaulted

108,000 same Seller 2nd mtg - same

2006/10 465,000 9022 W Eagle Talon UBS - 95% fin. Defaulted

124,000 same UBS 2nd mtg - same

Continued next page….



Page 97 of 158

63. Engelking …. continued

Date Amount Property Comments

2006/10 547,675 3814 E Aquarius Argent Mtg - 95% fin. Defaulted.

2006/10 401,680 26435 N 42 Argent Mtg - 100% fin. Defaulted.

101,000 same Seller 2nd mtg - same

2006/10 327,750 1650 E Glencove New Century Mtg - 95% fin.- Defaulted.

2006/10 589,000 42315 N 9th New Century Mtg - 95% fin.- Defaulted.

2006/10 498,750 9566 W Prospector Argent Mtg - 95% fin. Defaulted (Pinal,AZ)

2006/11 325,600 680 W Roadrunner CSFB - 95% fin. Defaulted.

61,000 same CSFB - 2nd mtg - same

2006/11 712,800 16806 E Parlin Royal Crown Bank - 95% fin. Defaulted.

133,650 same Royal Crown 2nd mtg - same

2006/12 417,000 16127 E Balsam Taylor Bean Mtg - 95% fin.- Defaulted.

81,750 same Taylor Bean 2nd mtg- same

2006/12 257,600 1003 S Firehole Taylor Bean Mtg - 95% fin.- Defaulted.

48,300 same Taylor Bean 2nd mtg- same

2007/1 228,000 1173 W Bluebird Taylor Bean Mtg - 95% fin.- Defaulted.

42,750 same Taylor Bean 2nd mtg- same

2007/2 400,000 5218 W Pontiac Taylor Bean Mtg - 95% fin.- Defaulted.

79,750 same Taylor Bean 2nd mtg- same

2007/2 196,000 509 W Corriente Ct Taylor Bean - 95% fin.- Defaulted (Pinal,AZ)

36,750 same Taylor Bean 2nd mtg- same

Continued next page…



Page 98 of 158

63. Engelking …. continued


Loan #700461970 - 680 W Roadrunner Ct, Chandler, AZ
ARMT 2007-1 invested $325,600 with this neat house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1999/6 Sale 168,593 Deed to Biyani- new construction

2006/11 Sale 407,000 Deed to Engelking - price inflated 157%

1st mtg 325,600 CSFB - 95% financing - defaulted

2nd mtg 61,000 CSFB - Same

2007/10 Foreclosure n/a Auction - deficiency of $343,781

2008/1 REO resale 134,500 ARMT 2007-1 netted this amount from sale of property
CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $209,281 of principal (64%).

Continued next page…



Page 99 of 158

63. Engelking… continued

CSAB 2006-3 invested $200,000 with 35 W Holstein Trail, Queen Creek AZ as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2005/3 Sale 180,000 Deed to Noschese - new construction

2006/7 Sale 250,000 Deed to Engelking - price inflated 39%

1st mtg 200,000 CSFB - 95% financing - defaulted

2nd mtg 37,500 CSFB - Same

2007/10 Foreclosure n/a deed to CSAB 2006-3

2008/3 REO resale 116,000 CSAB 2006-3 netted this amount from sale of property
The investor in the CSFB 2nd mtg lost all of its investment.
CSAB 2006-3 lost a minimum $84,000 of principal (42%).

Continued next page….



Page 100 of 158

63. Engelking… continued

CSAB 2006-4 invested $200,800 with 35710 Belgian Blue Ct, Queen Creek AZ as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2005/2 Sale 141,388 Deed to Chassman - new construction

2006/7 Sale 251,000 Deed to Engelking - price inflated 39%

1st mtg 200,800 CSFB - 95% financing - defaulted

2nd mtg 37,650 CSFB - Same

2007/11 Foreclosure n/a deed to CSAB 2006-4

2008/4 REO resale 102,000 CSAB 2006-4 netted this amount from sale of property
The investor in the CSFB 2nd mtg lost all of its investment.
CSAB 2006-4 lost a minimum $98,800 of principal (49%).

Continued next page….



Page 101 of 158

63. Engleking… continued

CSAB 2006-3 invested 226,200 with 15972 W Calavar Rd, Surprise, AZ as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2004/9 Sale 165,000 Deed to Stuetzel - new construction

2006/7 Sale 282,787 Deed to Engelking - price inflated 71%

1st mtg 226,200 CSFB - 97% fin.- Defaulted

2nd mtg 42,400 CSFB - same

2007/11 Foreclosure n/a deed to CSAB 2006-3

2008/4 REO resale 151,000 CSAB 2006-3 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2006-5, which lost all of its investment (100%)
CSAB 2006-3 lost a minimum $75,200 of principal (33%).
Page 102 of 158

64. Cuellar, Rodolfo - 2047 Dixie Bell Dr #P, Orlando FL - Loan #700436133

ARMT 2007-1 invested $97,930 with unit P as collateral:

History of the unit based on the county appraiser:


Date Event Amount Comment

2006/10 Sale 140,000 Deed to Cuellar - condo conversion

1st mtg 97,930 CSFB - 95% financing - defaulted

2nd mtg 34,975 CSFB - Same

2011/3 short sale 27,000 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2007-2 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $70,930 of principal (72%).

Page 103 of 158

65. Hanover, Kathleen - 316 Lake Fair Lane, Winter Park, FL - Loan #700475387
ARMT 2007-1 invested $207,200 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2000/2 Sale 103,000 Deed to Hamel

2001/9 Sale 135,000 Deed to Rock - price inflated 35%

2004/5 Sale 140,000 Deed to Zjujin

2006/11 Sale 259,000 Deed to Hanover - price inflated 85%

1st mtg 207,200 CSFB - 100% financing - defaulted

2nd mtg 51,800 CSFB - Same

2010/1 Foreclosure na Judgment of $253,119 vs Hanover

2011/3 short sale 107,500 ARMT 2007-1 netted this amount from sale of property
CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $145,619 of principal (70%).

Page 104 of 158

66. Maraj, Sursatti - 201 Whiterapids Ct, Orlando, FL - Loan #700419700

ARMT 2007-1 invested $207,200 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1989/11 Sale 72,000 Deed to Martin - arm’s-length

2006/9 Sale 237,500 Deed to Maraj - price inflated 230%

1st mtg 190,000 CSFB - 100% financing - defaulted

2nd mtg 47,500 CSFB - Same

2011/2 short sale 80,000 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2006-6, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $110,000 of principal (58%).

Page 105 of 158

67. Manbahal, Nazela - 713 Crest Pines Dr. #213, Orlando, FL - Loan # 700487183

ARMT 2007-1 invested $131,920 with unit 213 as collateral:

History of the unit based on the county appraiser:


Date Event Amount Comment

2006/12 Sale 164,900 Deed to Manbahal- condo conversion

1st mtg 131,920 CSFB - 95% financing - defaulted

2nd mtg 24,735 CSFB - Same

2010/6 Foreclosure n/a judgment of $151,598 vs Manbahal

2011/3 REO resale 43,500 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $108,098 of principal (82%).

Page 106 of 158

68. Moncada, Viviana - 10984 SW 182 Lane, Miami FL - Loan # 700490863


ARMT 2007-1 invested $207,992 with this property as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2006/12 Sale 259,900 Deed to Moncada - new construction

1st mtg 207,992 CSFB - 100% financing - defaulted

2nd mtg 51,998 CSFB - Same

2011/3 Foreclosure n/a judgment of $237,948 vs Moncada

2011/6 Auction 45,000 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $192,948 of principal (93%).

Page 107 of 158

69. Purvis, Tammy & Robert- 2812 Paine Lane, Orlando, FL- Loan #700364036
Tammy & Bobby took out a few loans:

Date Amount Property Comments

2003/11 95,892 4021 Forest Isl Dr Nat’l City Mtg - 80% financing

2004/5 45,500 4021 Forest Isl Dr GTE FCU - 2nd mtg $45,000 cash out

2005/1 108,700 4021 Forest Isl Dr GTE FCU - 2nd mtg $63,200 cash out

2005/4 95,400 14107 Allison Dr Meritage Mtg - 90% financing

2005/4 88,200 2902 Sprague Dr Wilmington Fin.- 90% financing

2005/6 112,500 2802 Hertha Ave Meritage Mtg - 90% financing

2005/10 211,300 4021 Forest Isl Dr GTE FCU - 2nd mtg $102,600 cash out

2006/2 165,000 5005 Old Cheney Hwy Seller financed - 87% - default

2006/3 155,000 2812 Paine Lane Seller financed - 100%- CSFB refi

2006/4 143,200 2902 Sprague Dr Pinnacle- refi $55,000 cash out- default

2006/7 146,250 2812 Paine Lane CSFB- refi- 95%- default

2006/8 120,000 556 Bablonica Dr Eagle Fund- refi $120,000 cash out- default

2006/8 67,000 4423 Conley St Barksdale Fin.- 110% fin. - flipped 10/‘06

2006/10 116,000 2802 Geoffrey Dr Eagle Funding - 90% fin.- default

14,500 Same Eagle Funding - same

2007/1 226,000 689 S Lakemont Av Barksdale Fin.- 102% fin - $6000 cash out

2007/2 130,000 10849 Genevieve St Barksdale- 118% fin- $20,000 cash- flipped

2007/3 233,500 689 S Lakemont Av Eagle Fund- refi $7500 cash out- default

2007/4 160,000 2802 Hertha Ave Barksdale Fin- refi- $47,500 cash - flipped

2007/6 164,000 14107 Allison Dr Eagle Funding- refi $68,600 cashout- default
Total: $2,597,942

Continued next page…



Page 108 of 158

69. Purvis…. continued

Loan #700364036 - 2812 Paine Lane, Orlando, FL


ARMT 2007-1 invested $146,250 with this property as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1991/5 Sale 53,700 Deed to Gorgol (nee McNutt) - arm’s-length

2006/3 Sale 155,000 Deed to Purvis - price inflated 187%

1st mtg 155,000 Seller financed - 100% - temporary

2006/7 1st mtg 146,250 CSFB - 95% financing - defaulted

2009/8 Foreclosure n/a judgment of $155,572 vs Purvis

2009/12 REO resale 65,500 ARMT 2007-1 netted this amount from sale of property

ARMT 2007-1 lost a minimum $90,072 of principal (62%).

Continued next page….



Page 109 of 158

69. Purvis…. continued

CSFB sold to CSMC 2007-5 a $143,200 loan to Purvis secured by 2902 Sprague Dr.

CSMC 2007-5 invested $143,200 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1998/8 Estate Auction 25,300 Deed to Walker - arm’s-length

1999/8 Sale 54,300 Deed to Guerin - price inflated 115%

2001/4 Sale 75,000 Deed to Jorett - price inflated 38%

2005/4 Sale 98,000 Deed to Purvis - price inflated 31%

1st mtg 88,200 Wilmington Fin - 90% financing

2006/7 1st mtg 143,200 Pinnacle- refi $55,000 cash out- default

2010/7 Foreclosure n/a judgment of $168,078 vs Purvis

2012/5 REO resale 36,500 CSMC 2007-5 netted this amount from sale of property

The $143,200 1st mtg loan on 2902 Sprague was assigned to CSMC 2007-5 during 2009.
CSMC 2007-5 lost a minimum $131,578 of principal (92%).

Page 110 of 158

70. Crossdale, Basil- 1041 NE 139 St, Miami, FL - Loan #700487799

ARMT 2007-1 invested $204,000 with this property as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1990/9 Sale 73,000 Deed to Garcia - arm’s-length

2007/1 Sale 255,000 Deed to Crossdale- price inflated 249%

1st mtg 204,000 CSFB - 100% financing - defaulted

2nd mtg 51,000 CSFB - Same

2008/8 Foreclosure n/a judgment of $227,574 vs Crossdale

2009/4 REO resale 67,500 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $160,074 of principal (78%).

Page 111 of 158

71. Acevedo, Silvia - 2392 S Xanadu Way, Aurora, CO - Loan #700425195


ARMT 2007-1 invested $252,000 with this townhouse as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2006/9 Sale 318,000 Deed to Acevedo - new construction

1st mtg 252,000 CSFB - 94% financing - defaulted

2nd mtg 47,250 CSFB - Same

2008/6 Foreclosure n/a deficiency of $272,765 vs Acevedo

2008/9 REO resale 169,500 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2006-6, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $103,265 of principal (41%).

Continued next page…



Page 112 of 158

71. Acevedo…. continued

Acevedo was an active borrower in Aurora, CO -


Date Amount Property Comments

2001/8 195,500 964 Emporia St, Aurora CherryCreek Mtg- refi $118,500 cash out

2001/8 221,600 83-91 Lima St, Aurora CherryCreek Mtg- refi $68,100 cash out

2004/1 277,500 83-91 Lima St, Aurora Indymac- refi $55,900 cash out- default

2004/9 193,500 964 Emporia St, Aurora Upland Mtg - 1st mtg refi

2005/4 388,400 6558 S Waco, Aurora Accredited Mtg- 100% financing- default

97,100 Same Accredited 2nd mtg - Same

2006/8 105,200 6558 S Waco, Aurora AmMtgNetwk- 2nd mtg- $8100 cash- default

2006/8 18,000 83-91 Lima St, Aurora Moneyline 2nd mtg- $18,000 cash - default

2006/9 252,000 2392 S Xanadu, Aurora CSFB - 95% financing - defaulted

47,250 Same CSFB - Same

2006/12 260,800 1428 S deGaulle Ct Silver State Mtg- 100% financing - defaulted

65,200 Same Silver State Mtg- Same

2007/2 275,346 1448 S deGaulle Ct Plaza Mtg - 100% financing- defaulted

68,837 Same Plaza Mtg - Same

2007/2 176,250 964 Emporia St, Aurora Plaza Mtg- refi $6250 cash out- defaulted

23,500 Same Plaza Mtg - Same

Total: $2,665,983

Acevedo defaulted on all outstanding loans by the end of 2007.



Page 113 of 158

72. Santos, Claudia - 1783 W 12th Ave, Apache Junction, AZ - Loan #700494553

ARMT 2007-1 invested $156,720 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2002/7 Sale 123,000 Deed to Anglin - arm’s-length

2006/12 Sale 195,900 Deed to Santos - price inflated 59%

1st mtg 156,720 CSFB - 90% financing - defaulted

2nd mtg 19,590 CSFB - Same

2009/10 Foreclosure n/a deficiency of $168,065 vs Santos

2010/1 REO resale 92,500 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $75,565 of principal (48%).

Page 114 of 158

73. Morris, Kimberly E - 2140 W Roosevelt Ave, Coolidge, AZ - Loan #700327582

ARMT 2007-1 invested $124,770 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2006/12 Sale 155,963 Deed to Morris - new construction

1st mtg 124,770 CSFB - 100% financing - defaulted

2nd mtg 31,920 CSFB - Same

2008/11 Foreclosure n/a deficiency of $133,957 vs Morris

2010/1 REO resale 55,500 ARMT 2007-1 netted this amount from sale of property

The investor in the CSFB 2nd mtg lost all of its investment.
ARMT 2007-1 lost a minimum $78,457 of principal (63%).

Page 115 of 158

74. Alvarez-Cortes, Gustavo - 420 W 1st St, Eloy, AZ - Loan #700502009

ARMT 2007-1 invested $115,200 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2007/1 Sale 144,000 Deed to Alvarez

1st mtg 115,200 CSFB - 100% financing - defaulted

2nd mtg 28,800 CSFB - Same

2008/11 Foreclosure n/a deficiency of $127,484 vs Alvarez

2010/1 REO resale 27,000 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $100,484 of principal (87%).

Page 116 of 158

75. Lozano, Cesar - Apopka, FL (Orange Cty) - Loan #700502655 & #700502706

Cesar is a self-employed “accountant” in Casselberry, FL (not a registered Florida CPA).


Average salary for such services in the Orlando area is $40,000 to $50,000 annually.
Cesar took out 17 loans over a 3 year period, defaulting on all outstanding by the end of 2007.
Date Amount Property Comments

2004/6 125,024 522 Vicks Landing, Apopka Full Spectrum Lending

31,256 Same Full Spectrum Lending - Same

2005/5 182,000 522 Vicks Landing, Apopka JLM Direct

22,750 Same JLM Direct - Same

2005/6 138,440 2257 Kingcrest Cir, Apopka Option One

34,610 Same Option One - Same

2005/7 155,580 2598 Sheila Dr, Apopka Irwin Mtg

29,171 Same Irwin Mtg - Same

2005/10 40,000 2257 Kingcrest Cir, Apopka Private lender

2007/1 150,460 2213 El Marra Dr, Ocoee CSFB - % financing - default

28,211 Same CSFB - Same

2007/1 168,640 1848 Alambra Cir, Apopka CSFB - % financing - default

31,620 Same CSFB - Same

2007/3 125,000 2257 Kingcrest Cir, Apopka Aegis Funding- 2nd mtg $ cash out- default

2007/3 118,900 2598 Sheila Dr, Apopka Aegis Funding- 2nd mtg $ cash out- default

2007/3 93,500 522 Vicks Landing, Apopka Aegis Funding- 2nd mtg $ cash out- default

2007/6 50,000 2213 El Marra Dr, Ocoee Private lender- 3rd mtg $ cash out- default

Total: $1,525,162

CSFB made 4 of Cesar’s loans and sold two of them (1st mtgs) to ARMT 2007-1

Continued next page…



Page 117 of 158

75. Lozano…. continued

Loan #700502655:
ARMT 2007-1 invested $150,460 with 2213 El Marra Dr, Ocoee as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2007/1 Sale 188,100 Deed to Lozano - new construction

1st mtg 150,460 CSFB - 95% financing - defaulted

2nd mtg 28,211 CSFB - Same

2014/1 Foreclosure n/a judgment of $219,631 vs Lozano

CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 - to date - has not recovered any of its principal.
[Homes on El Marra Dr currently sell (if possible) for an average $170,000 - a full recovery by
ARMT 2007-1 is unlikely.]

Continued next page….



Page 118 of 158

75. Lozano… continued

Loan #700502706
ARMT 2007-1 invested $150,460 with 1848 Alambra Circle, Apopka as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2007/1 Sale 210,800 Deed to Lozano - new construction

1st mtg 168,640 CSFB - 95% financing - defaulted

2nd mtg 31,620 CSFB - Same

2012/1 Foreclosure n/a judgment of $214,682 vs Lozano

2012/3 Auction 126,000 ARMT 2007-1 netted this amount from auction of property

CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $88,682 of principal (53%).

Page 119 of 158

76. Salnikov, Anton - 139 Robertson Rd, Lake Zurich, IL - Loan #700501345

Salnikov is a truck driver in Elk Grove, IL, affiliated with Somar Transport & Tony Line.
ARMT 2007-1 invested $543,200 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2003/3 Sale 150,000 deed to Plawnicka

2004/4 Sale 200,000 Deed to Wegrzyn-Kotlarski

2007/1 Sale 679,000 Deed to Salnikov - price inflated

1st mtg 543,200 CSFB - 100% financing - defaulted

2nd mtg 135,800 CSFB - Same

2012/3 REO resale 224,000 ARMT 2007-1 netted this amount from auction of property

CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $319,200 of principal (59%).

Page 120 of 158

77. Gomez, Agustin - North Chicago, Ill - Loans #700483712 & #700482472

Between 2003 and the end of 2006, Agustin increased his debt load from $117,600 to
$1,424,277 - a 1200% increase.

Agustin’s net income did not increase 12 fold during that time span - he is a registered truck
driver in lllinois - average income $35,000 to $45,000.

Date Amount Property Comments

2003/3 117,600 1022 Pine St Waukegan Tamayo Fin - refi

2004/9 218,405 114 N Mcaree Waukegan Tamayo Fin - 95% fin - default

2005/5 182,300 1004 Lorelei Dr, Zion Tamayo Fin - 95% fin - default

2005/7 139,500 1022 Pine St Waukegan Tamayo Fin- refi $21,900 cash out- default

2006/5 304,572 3814 Tickseed Dr, Zion Tamayo Fin - 100% fin - default

2006/11 225,000 800 15 St, N Chicago CSFB- 95% finan.- default

60,000 Same CSFB - same

2006/11 232,500 1446 Park Av, N Chicago CSFB- 95% finan.- default

62,000 Same CSFB - same

Agustin was a frequent customer of CSFB, taking out 4 loans within a few days.

The two properties financed by CSFB with 4 mortgages were both purchased from the same
seller - George Moore.

Continued next page…



Page 121 of 158

77. Gomez… continued

Loan #700482472 - 1446 Park Av, N Chicago


ARMT 2007-1 invested $232,500 with this 4-unit rowhouse as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2003/7 Sale 180,000 deed to Moore

2006/11 Sale 310,000 Deed to Gomez - price inflated 72%

1st mtg 232,500 CSFB - 95% financing - defaulted

2nd mtg 62,000 CSFB - Same

2012/3 REO resale 102,000 ARMT 2007-1 netted this amount from sale of property
CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $130,500 of principal (56%).

Continued next page…



Page 122 of 158

77. Gomez…. continued


Loan #700483712 - 800 15 St, N Chicago
ARMT 2007-1 invested $225,000 with this 4-unit rowhouse as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2003/7 Sale 170,000 deed to Moore

2006/11 Sale 300,000 Deed to Gomez - price inflated

1st mtg 225,000 CSFB - 95% financing - defaulted

2nd mtg 60,000 CSFB - Same

2014/8 Foreclosure n/a Sheriff’s deed to ARMT 2007-1 - deficiency $272,142

2014/10 REO resale 103,000 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $169,142 of principal (75%).
Page 123 of 158

78. Ayala, Rigoberto - 605 Longfellow Lane, Lake Mundelin, Ill - Loan #700438904

ARMT 2007-1 invested $145,920 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1991/6 Sale 41,000 deed to Fair

2006/10 Sale 182,400 Deed to Ayala - price inflated 349%

1st mtg 145,920 CSFB - 100% financing - defaulted

2nd mtg 36,480 CSFB - Same

2013/2 Foreclosure n/a Judgment of $141,616 vs Ayala

2013/9 REO resale 46,000 ARMT 2007-1 netted this amount from auction of property

CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $95,616 of principal (66%).

Page 124 of 158

79. Lopez, Maria L - 353 Dorset Ct, Park City, IL - Loan #700405143

Maria Lopez is apparently an alias - Maria’s last name is Alatriste-Cuellar

ARMT 2007-1 invested $180,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1997/3 Sale 112,500 deed to Rollins

2006/9 Sale 225,000 Deed to Lopez - price inflated 100%

1st mtg 180,000 CSFB - 100% financing - defaulted

2nd mtg 45,000 CSFB - Same

2012/6 Foreclosure n/a Sheriff sale to ARMT 2007-1

2012/8 REO resale 84,000 ARMT 2007-1 netted this amount from auction of property

CSFB sold the 2nd mtg to HEMT 2006-6 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $96,000 of principal (53%).

Page 125 of 158

80. Rodriguez, Silvia - 345 N Lincoln Ave, Mundelein, IL - Loan #700425707


ARMT 2007-1 invested $160,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1991/7 Sale 109,500 Deed to Mikolitis

1999/1 Sale 125,000 Deed to Solis

2006/9 Sale 200,000 Deed to Lopez - price inflated 60%

1st mtg 160,000 CSFB - 100% financing - defaulted

2nd mtg 40,000 CSFB - Same

2011/6 Foreclosure n/a Sheriff sale to ARMT 2007-1 - deficiency of $207,089

2011/10 REO resale 53,000 ARMT 2007-1 netted this amount from auction of property

The investor in the CSFB 2nd mtg lost all of its investment.
ARMT 2007-1 lost a minimum $154,089 of principal (96%).

Page 126 of 158

81. Rodriguez, Benjamin - 38205 N Lewis Ave, Beach Park, IL - Loan #700501820
ARMT 2007-1 invested $125,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1997/8 Sale 78,000 Deed to Walton

2001/12 Sale 93,000 Deed to Ripley

2004/7 Sale 109,000 Deed to Belmonti

2007/1 Sale 125,000 Deed to Rodriguez

1st mtg 125,000 CSFB - 100% financing - defaulted

2011/6 Foreclosure n/a Sheriff sale to ARMT 2007-1 - deficiency of $145,519

2011/6 REO resale 29,500 ARMT 2007-1 netted this amount from auction of property

ARMT 2007-1 lost a minimum $116,019 of principal (93%).



Page 127 of 158

82. Lee, John P - 5647 Virginia Ave, Clarendon Hills, IL - Loan #700468861
ARMT 2007-1 invested $225,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2006/12 Sale 300,000 Deed to Lee

1st mtg 225,000 CSFB - 95% financing - defaulted

2nd mtg 60,000 CSFB - Same

2008/3 Foreclosure n/a Sheriff sale to ARMT 2007-1

2009/5 REO resale 119,000 ARMT 2007-1 netted this amount from auction of property

CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $106,000 of principal (47%).

Page 128 of 158

83. Rymarcsuk, Ted - 671 W Barry Ave, Addison, Ill - Loan #700469764
ARMT 2007-1 invested $480,000 with this house as collateral:

Ted sub-divided a lot he bought and built this house.


When the house was completed, he sold it to himself at an inflated price.

History of the property based on the county appraiser:


Date Event Amount Comment

2005/5 Sale n/a Lot deeded to Rymarcsuk (bought at foreclosure sale)

2005/11 Loan 504,000 Oxford Bank - some $$ used for const

2006/11 Sale 600,000 Rymarcsuk deeds house to himself

1st mtg 480,000 CSFB - 80% financing - defaulted

2009/5 short sale 339,000 ARMT 2007-1 netted this amount from auction of property

ARMT 2007-1 lost a minimum $141,000 of principal (29%).



Page 129 of 158

84. Graham, Brent - 254 W Krista Way, Tempe, AZ - Loan #410057486

Graham continually increased his debt load from 2001. (During 2005-2008 Graham managed a
restaurant called “Sautee Bistro” - avg earnings $40,000 to $60,000. Before that he sold
computer software.)

Date Amount Property Lender & Comments

2001/12 132,700 2427 E Del Rio Dr Erisa Mtg - 95% financing

25,000 2427 E Del Rio Dr Nat’l City - 2nd mtg

2002/11 133,680 2427 E Del Rio Dr Desert Sch FCU - refi 1st mtg - default

2003/6 64,000 6512 Newberry Rd Quicken Loans

2003/11 24,381 2427 E Del Rio Dr Desert Sch FCU - refi 2nd mtg

2005/2 49,309 2427 E Del Rio Dr Desert Sch FCU- 2nd mtg- $24,928 cash out

2005/2 104,000 15418 E Mustang Dr Desert Sch FCU - refi- $26,000 cash out - flipped

2005/5 91,000 2427 E Del Rio Dr Desert Sch FCU- 2nd mtg $41,691 cash out

2005/6 93,200 540 N May #1062 Security Natl - 100% financing - flipped

23,300 Same Security Natl - same

2005/6 93,600 540 N May #3151 Security Natl - 100% financing - flipped

23,400 Same Security Natl - same

2006/5 167,000 2427 E Del Rio Dr Desert Sch FCU- 2nd mtg $76,000 cash out- flipped

2006/5 23,694 540 N May #1062 Desert Sch FCU- 2nd mtg- $394 cash out- flipped ‘07

2006/5 23,795 540 N May #3151 Desert Sch FCU- 2nd mtg- $395 cash out- flipped ‘07

2006/10 567,000 254 W Krista Wy Desert Sch FCU - 80% financing - default

Graham sold his primary residence - 2427 E Del Rio - in 2006 for enough to pay off his current
mortgages and have a down payment on 254 W Krista (at an inflated price). The debt on 247 W
Krista was more than Graham could afford.

The two condos at 540 N May were both sold at a slight net-loss to pay off Security National &
Desert Sch FCU. [The purchasers of both condos later defaulted.]

Continued next page…


Page 130 of 158

84. Graham… continued

ARMT 2007-1 invested $567,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2000/4 Sale 290,640 deed to Smith - arm’s-length

2003/7 Sale 403,000 Deed to Ereth - price increased 39%

2006/10 Sale 630,000 Deed to Graham - price inflated 56%

1st mtg 567,000 CSFB - 80% financing - defaulted

2011/3 Foreclosure n/a Foreclosure deed to ARMT 2007-1 - deficiency $656,812

2012/1 REO resale 353,000 ARMT 2007-1 netted this amount from sale of property

ARMT 2007-1 lost a minimum $303,812 of principal (54%).



Page 131 of 158

85. Francois, Pierre - 612 Hyde Park Ave, Roslindale, MA - Loan #700486699

Francois purchased and flipped almost $3 million of properties over the course of a year.
Date Amount Property Comments

2005/9 445,000 48 Walworth Sale to Francois - from Odimegwu, who paid $340,000
for prop. during 2005/6

422,750 Same Option One mtg - property flipped to Laurent, who then
defaulted

2005/12 295,000 4008 Washington #2A Sale to Francois - from Odimegwu, who paid $136,666
for prop. during 2005/12

295,000 Same Acccredited - 1st & 2nd mtgs - property flipped to Camy,
who then defaulted

2006/1 325,000 41 Seymour St #1 Sale to Francois - from Odimegwu, who paid $207,000
for prop. in 2005/12

308,750 Same Argent - 1st mtg - property flipped to Calix, who then
defaulted

2006/2 335,000 41 Seymour St #3 Sale to Francois - from Odimegwu, who paid $207,000
in 2005/12

335,000 Same Fremont- 1st & 2nd mtgs - property flipped to Larione,
who then defaulted

2006/5 485,000 70 Walworth Sale to Francois - from Egodogbere. who purchased


prop. for $396,000 during 2005/8 from Francois’ relative

436,500 Same New Century - 1st mtg - property flipped to Laurent

2006/7 520,000 51 Stanwood Sale to Francois, who chopped house into 3 condo units
and sold them- one unit to Camy, who then defaulted

468,000 Same Wells Fargo - 1st mtg - property flipped as condo units

2006/12 450,000 612 Hyde Park Sale to Francois - from Odimegwu, who paid $370,000
for prop. during 2006/3

When Francois could not flip 612 Hyde Park, investors in the CSFB mortgages took heavy
losses.

Continued next page….



Page 132 of 158

85. Francois…. continued


Loan #700486699 - 612 Hyde Park Ave, Roslindale, MA -
ARMT 2007-1 invested $360,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

ca 1978 Sale not avail deed to Benway - arm’s-length - estimate $15,000

2006/3 Sale 370,000 Deed to Odimegwu - price inflated circa 200%

2006/12 Sale 450,000 Deed to Francois - price inflated 22%

1st mtg 360,000 CSFB - 100% financing - defaulted

2nd mtg 67,500 CSFB - same

2007/4 3rd mtg 35,000 Odimegwu recorded 3rd mtg loan (for 5% downpayment)

2010/8 Foreclosure n/a Foreclosure deed to ARMT 2007-1

2012/3 REO resale 128,000 ARMT 2007-1 netted this amount from sale of property
CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $232,000 of principal (64%).

Page 133 of 158

86. Malivert, Mario - 828 Washington St, Dorchester, MA - Loan #700495639


ARMT 2007-1 invested $480,000 with this property as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1997/4 Sale 115,000 deed to Jiminez - arm’s-length

2005/9 Sale 545,000 Deed to Malivert - price inflated 374%

1st mtg 436,000 Accredited - 100% financing

2nd mtg 109,000 Accredited - Same

2007/1 1st mtg 480,000 CSFB- refi $35,000 cash out - defaulted

2nd mtg 90,000 CSFB - same

2007/10 Foreclosure n/a Foreclosure deed to ARMT 2007-1

2012/1 REO resale 138,500 ARMT 2007-1 netted this amount from sale of property
CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $341,500 of principal (71%).

Page 134 of 158

87. Romero, Manuel - 754 Winthrop Ave, Revere, MA - Loan #700423530

ARMT 2007-1 invested $416,000 with this property as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1998/10 Sale 174,500 Deed to Velasquez - arm’s-length

2006/9 Sale 520,000 Deed to Romero - price inflated 374%

1st mtg 416,000 CSFB- 100% financing - defaulted

2nd mtg 104,000 CSFB - same

2011/4 Foreclosure n/a Foreclosure deed to ARMT 2007-1

2011/8 REO resale 223,000 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2006-6 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $193,000 of principal (46%).

Page 135 of 158

88. Alsaidy, Ayman - 29 Leyden St, Boston, MA - Loan #700499526


ARMT 2007-1 invested $392,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1991/9 Sale 25,000 Deed to Bernardi/Martini - arm’s-length

2005/7 Sale 470,000 Deed to Perez - price inflated 1875%

2007/1 Sale 490,000 Deed to Alsaidy

1st mtg 392,000 CSFB- 95% financing - defaulted

2nd mtg 73,500 CSFB - same

2008/11 Foreclosure n/a Foreclosure deed to ARMT 2007-1

2009/9 REO resale 170,000 ARMT 2007-1 netted this amount from sale of property

CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $222,000 of principal (57%).
Continued next page…

Page 136 of 158

88. Alsaidy…. continued

Alsaidy ran up some debt before defaulting on all outstanding in 2008…


Date Amount Property Comment

2001/4 262,000 72 Pearl Ave WaMu - 80% financing

2002/5 321,100 47 Bellingham Ave GMAC - 90% financing

2003/10 340,000 10 Ambrose St Reliant Mtg - 92% financing

2003/11 329,000 72 Pearl Ave Reliant Mtg - refi - $67,000 cash out

2005/3 399,500 10 Ambrose St 1st Franklin- refi $59,500 cash out- defaulted

2005/3 423,000 47 Bellingham Ave Fremont- refi $101,900 cash out

2005/3 468,000 72 Pearl Ave Option One- refi $139,000 cash out- defaulted

2006/8 360,000 225 Leyden St Union Capital - 95% financing

2006/10 427,500 225 Leyden St Lancaster Mtg- refi $96,000 cash out- defaulted

28,500 Same Lancaster Mtg- Same

2007/1 392,000 29 Leyden St CSFB- 95% financing - defaulted

73,500 Same CSFB - same

2007/3 376,000 10 Ambrose St Union Capital- refi $47,500 cash out- defaulted

70,500 Same Union Capital - same

2007/4 422,250 47 Bellingham Ave Union Capital- refi - defaulted

Total: $4,692,850

Page 137 of 158

89. Hercules, Guillermo - 111 Trenton St, East Boston, MA - Loan #700481386
ARMT 2007-1 invested $388,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1998/5 Sale 130,000 Deed to Majano/Villatoro - arm’s-length

2003/11 Sale 355,000 Deed to Hercules - price inflated 200%

1st mtg 342,156 1st Horizon - 96% financing

2005/4 1st mtg 343,994 1st Horizon- refi $43,838 cash out

2nd mtg 42,000 1st Horizon - Same

2005/8 1st mtg 413,000 Ameriquest - refi $27,006 cash out

2006/12 1st mtg 388,000 CSFB- refi $47,750 - defaulted

2nd mtg 72,750 CSFB - same

2009/3 Foreclosure n/a Foreclosure deed to ARMT 2007-1- deficiency $393,930

2010/4 REO resale 188,500 ARMT 2007-1 netted this amount after sale of property
CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $222,000 of principal (57%).
Continued next page….
Page 138 of 158

89. Hercules… continued

CSFB also financed another property for Hercules and sold the 1st mtg to CSMC 2006-2…

CSMC 2006-2 invested 440,000 with 79 Washington Ave, Chelsea, MA as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2000/8 Sale 259,500 Deed to Martinez - arm’s-length

2005/12 Sale 550,000 Deed to Hercules - price inflated 112%

1st mtg 440,000 CSFB- 95% financing - defaulted

2nd mtg 82,500 CSFB - same

2006/5 2nd mtg 84,167 Sovereign Bank- refi $1667 cash out - default

2010/2 short sale 293,000 CSMC 2006-2 netted this amount after sale of property

CSMC 2006-2 lost a minimum $147,000 of principal (33%).



Page 139 of 158

90. Posada-Mutate, Ovidio - 51-53 Rock Valley Ave, Everett, MA - Loan #700484303

ARMT 2007-1 invested $372,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2006/12 Sale 465,000 Deed to PosadaMutate - price inflated 112%

1st mtg 372,000 CSFB- 100% financing - defaulted

2nd mtg 93,000 CSFB - same

2009/7 short sale 222,500 ARMT 2007-1 netted this amount after sale of property
CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $149,500 of principal (40%).

Page 140 of 158

91. Zarrabi, Kambiz Hossein - 13643 Maidstone Ln, Potomac, MD - Ln #700501633


Zarrabi was an owner of a commerical bakery in Sterling VA that went bankrupt in 2012.
ARMT 2007-1 invested $1,912,500 with this big house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1992/1 Sale 900,000 Deed to Weinberg - arm’s-length

2003/6 Sale 1,505,000 Deed to Zarrabi - price increased 67%

1st mtg 1,000,000 Nat’l City - 90% financing

2nd mtg 349,950 Nat’l City - Same

2005/6 2nd mtg 620,000 Bank of America- refi $270,000 cash out

2007/1 1st mtg 1,912,500 CSFB- refi $292,500 cash out - defaulted

2007/3 2nd mtg 350,000 Bank of America- $350,000 cash out

2014/2 Foreclosure n/a Deed to ARMT 2007-1 - deficiency $2,439,142

2014/4 REO reslae 1,450,000 ARMT 2007-1 netted this amount after sale of property

ARMT 2007-1 lost a minimum $989,142 of principal (52%).



Page 141 of 158

92. Reyes, Carlos - 445 University Blvd E, Silver Spring, MD - Loan #700354329

ARMT 2007-1 invested $372,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1998/9 Sale 129,000 Deed to Nguyen - arm’s-length

2004/7 Sale 310,000 Deed to Cruz - price inflated 140%

2005/1 Sale 376,000 Deed to Luisa Reyes - price increased 21%

2006/6 Sale 465,000 Deed to Jose Reyes - price increased 24%

1st mtg 372,000 CSFB- 100% financing - defaulted

2nd mtg 93,000 CSFB - same

2009/7 REO resale 193,500 ARMT 2007-1 netted this amount after sale of property
CSFB sold the 2nd mtg to HEMT 2006-5 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $178,500 of principal (48%).

Page 142 of 158

93. Albrecht, Laurence - 558 Sombrero Beach Rd, Marathon Key, FL - Loan #700499757

ARMT 2007-1 invested $930,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1990/12 Sale 175,000 Deed to Moll - arm’s-length

2007/1 Sale 1,162,500 Deed to Albrecht - price inflated 560%

1st mtg 930,000 CSFB- 95% financing - defaulted

2nd mtg 174,375 CSFB - same

2013/2 Foreclosure n/a Judgment of $1,263,745 vs Albrecht

2009/7 REO resale 493,000 ARMT 2007-1 netted this amount after sale of property
The investor in the CSFB 2nd mtg lost all of its investment.
ARMT 2007-1 lost a minimum $770,745 of principal (83%).

Page 143 of 158

94. Robinski, Alon - 3341 Riviera Dr, Key West, FL - Loan #700460538

ARMT 2007-1 invested $760,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2000/2 Sale 255,000 Deed to Gvili - arm’s-length

2002/5 Sale 450,000 Deed to Croitoru - price inflated 76%

2006/11 Sale 950,000 Deed to Robinski - price inflated 111%

1st mtg 760,000 CSFB- 95% financing - defaulted

2nd mtg 142,500 CSFB - same

2009/7 short sale 437,000 ARMT 2007-1 netted this amount after sale of property
CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $323,000 of principal (43%).

Page 144 of 158

95. Stapleton, Christopher A - Tampa & St Pete’s FL -


ARMT 2007-1 invested in 2 loans to Chris - Loans #700500839 & #700471799
Loan #700500839:
Invested $580,000 with 17251 2nd St E, N Redington Beach, FL - as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2001/6 Sale 238,000 Deed to Jachymiak - arm’s-length

2004/2 Sale 385,000 Deed to Starcher - price inflated 76%

2007/1 Sale 725,000 Deed to Stapleton - price inflated 111%

1st mtg 580,000 CSFB- 95% financing - defaulted

2nd mtg 108,750 CSFB - same

2009/7 short sale 343,000 ARMT 2007-1 netted this amount after sale of property
CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $243,000 of principal (42%).

Continued next page….



Page 145 of 158

95. Stapleton….continued

Loan #700471799:

ARMT 2007-1 invested $399,200 with 6509 Bayshore Blvd, Tampa as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1974/1 Sale n/a Deed to Lind - estimated $15,000 (predates electronic record)

2006/11 Sale 499,000 Deed to Stapleton - price inflated 3000%

1st mtg 399,200 CSFB- 95% financing - defaulted

2nd mtg 74,850 CSFB - same

2009/7 short sale 121,000 ARMT 2007-1 netted this amount after sale of property
CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $278,200 of principal (70%).
Page 146 of 158

95. Stapleton…. continued

Christopher owned bars called “Scoreboard Lounge”, “Nite Gallery Bottle Club” and “Club 92”.

Christopher took out over 30 loans during two years, defaulting on all outstanding by 2008.

Date Amount Property Comments

2005/6 631,200 1540 Gulf Blvd #2006 Fremont - 95% financing

118,350 Same Fremont - 2nd mtg same

2005/10 439,450 1401 Gulf Blvd, Belleair Fremont - 90% financing - flipped

25,850 Same Fremont - 2nd mtg same

2005/12 383,400 941 Spruce Dr, Belleair Bch Fremont - 95% financing - flipped

21,300 Same Fremont - 2nd mtg same

2006/2 481,500 721 Mandalay, Clearwater Fremont - 95% financing - flipped

26,750 Same Fremont - 2nd mtg same

2006/3 540,000 100 5th St, Belleair Beach New Century - 100% financing - default

135,000 Same Seller 2nd mtg - Same

2006/3 840,000 1540 Gulf Blvd #2006 TaylorBean- refi $195,450 cash out- default

105,000 Same TaylorBean - 2nd mtg same

2006/4 679,500 15904 Redington Dr Fremont - 95% financing - default

37,750 Same Fremont - 2nd mtg same

2006/6 517,500 107 25th St, Belleair Bch Novastar - 90% financing - flipped

2006/6 539,000 6211 Bayshore Blvd, Tampa Fremont - 90% financing - default

29,950 Same Fremont - 2nd mtg same

2006/8 567,000 6227 Bayshore Blvd, Tampa Novastar - 90% financing - defaulted

Continued next page…


Page 147 of 158

95. Stapleton…. continued

2006/11 399,200 6509 Bayshore Bv, Tampa CSFB - 95% financing - defaulted

74,850 Same CSFB - 2nd mtg same

2007/1 580,000 17251 2nd, Redington Bch CSFB - 95% financing - defaulted

108,750 Same CSFB - 2nd mtg same

2007/2 490,000 553 Lillian, Madeira Beach Countrywide - 90% financing - defaulted

140,000 Same Countrywide - 2nd mtg same

2007/2 507,500 12255 4th, Treasure Island Countrywide - 90% financing - defaulted

145,000 Same Countrywide - 2nd mtg same

2007/3 490,000 547 Lillian, Madeira Beach Countrywide - 90% financing - defaulted

145,000 Same Countrywide - 2nd mtg same

2007/4 514,500 12270 4th, Treasure Island Countrywide - 90% financing - defaulted

147,000 Same Countrywide - 2nd mtg same

2007/8 1,880,000 835 34th Ave NE WaMu - 90% financing - defaulted

230,000 Same WaMu - 2nd mtg same

Total: $11,970,300

Christopher is doing 7 years in federal prison for mortgage fraud [all his 90%+ financings were
the result of inflated property values].

Page 148 of 158

96. Cobb, John Phelps - 9406 Treasure Lane, St Petersburg, FL - Loan #700492479

John, who appears had no steady job, took out a few loans during 2006/7:

Date Amount Property Comments

2001/2 155,325 1231 15 Ct, Largo Market St Mtg - 95% financing

2002/3 88,000 9715 54 Ave, St Pete Chevy Chase - refi $26,000 cash out

2002/7 31,000 1231 15 Ct, Largo Market St Mtg - 2nd mtg $31,000 cash out

2005/5 143,500 9715 54 Ave, St Pete MacDill FCU - refi $63,500 cash out

2006/10 300,000 2828 Pinellas Pt, St Pete Amer Broker Conduit - 100% financing - defaulted

100,000 Same Amer Broker Conduit 2nd mtg- Same

2006/11 124,000 4930 5 Ave, St Pete UBS - 95% financing - defaulted

23,250 Same UBS - 2nd mtg same

2006/12 396,000 9406 Treasure Ln CSFB - 100% financing - defaulted

99,000 Same CSFB - 2nd mtg same

2007/1 393,750 9201 Treasure Ln Kay Mtg Co - 95% financing - defaulted

105,000 Same Kay Mtg Co- 2nd Mtg same

2007/1 45,000 Treasure/Pinellas/etc 3rd mtg multiple properties -defaulted

Between October 2006 and January 2007, John borrowed $1,586,000 via 9 loans.

He defaulted on all of them.

Continued next page…


Page 149 of 158

96. Cobb…. continued

ARMT 2007-1 invested $396,000 with this “Treasure Lane” house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2002/10 Sale 192,000 Deed to Sears

2006/6 Sale 314,000 Deed to Smart (relative of Cobb)- price inflated 64%

2006/12 Sale 495,000 Deed to Cobb - price inflated 3000%

1st mtg 396,000 CSFB- 100% financing - defaulted

2nd mtg 99,000 CSFB - same

2010/4 Foreclosure n/a Judgment of $513,908 vs Cobb

2010/12 REO resale 134,757 ARMT 2007-1 netted this amount after sale of property
CSFB sold the 2nd mtg to HEMT 2007-2, which lost all of its investment (100%)
ARMT 2007-1 lost a minimum $379,151 of principal (96%).
Page 150 of 158

97. Snyder, Kimberly & Bruce (relatives) - Loans #700424764, #700430514 & #700415740

Kimberly, who lives(d) on Sullivan St in Manhattan, went on a buying spree in Tampa during
2006 - largely financed by CSFB:

Date Amount Property Comments

2006/4 180,240 4415 Reynolds Amer. Broker Conduit- 90% financing- default

22,500 Same Amer. Broker Conduit 2nd mtg- same

2006/8 171,536 6766 Breezy Palm CSFB- 90% financing - default

21,442 Same CSFB 2nd mtg- same

2006/9 170,792 6724 Eagle Feather CSFB- 90% financing - default

21,349 Same CSFB 2nd mtg- same

2006/9 170,792 6742 Eagle Feather CSFB- 90% financing - default

21,349 Same CSFB 2nd mtg- same

All three CSFB financed units were in the same development (and looked the same):
Page 151 of 158

97. Snyder… continued

Snyder defaulted on all the loans by the end of 2007 - all the properties were sold in short sales.

Loan #700424764 - 6724 Eagle Feather, Riverview FL


History of the property based on the county appraiser:
Date Event Amount Comment

2006/9 Sale 213,490 Deed to Snyder - new construction

1st mtg 170,792 CSFB- 90% financing - defaulted

2nd mtg 21,349 CSFB - same

2008/12 short sale 110,250 ARMT 2007-1 netted this amount after sale of property
CSFB sold the 2nd mtg to HEMT 2006-6 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $60,542 of principal (35%).

Loan #700430514 - 6742 Eagle Feather, Riverview FL


History of the property based on the county appraiser:
Date Event Amount Comment

2006/9 Sale 213,490 Deed to Snyder - new construction

1st mtg 170,792 CSFB- 90% financing - defaulted

2nd mtg 21,349 CSFB - same

2008/12 short sale 104,000 ARMT 2007-1 netted this amount after sale of property
CSFB sold the 2nd mtg to HEMT 2006-6 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $66,792 of principal (39%).

Loan #700415740 - 6766 Breezy Palm, Riverview FL


History of the property based on the county appraiser:
Date Event Amount Comment

2006/8 Sale 214,500 Deed to Snyder - new construction

1st mtg 171,536 CSFB- 90% financing - defaulted

2nd mtg 21,442 CSFB - same

2009/3 short sale 107,000 ARMT 2007-1 netted this amount after sale of property
CSFB sold the 2nd mtg to HEMT 2006-4 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $64,536 of principal (38%).
Page 152 of 158

98. Gunter, Charles - Loans #700471504 & #700481017

Charles took out a few loans during 2005/6 to go shopping in Longwood, FL:

Date Amount Property Comments

2004/8 584,000 3059 Totika Cove PemmTek - 97% financing

146,000 Same PemmTek 2nd mtg - same

2005/4 255,900 115 Sweetwater Hills 1st Guaranty - 100% financing - flipped

64,000 Same 1st Guaranty 2nd mtg

2005/7 649,900 3059 Totika Cove AllianceBanc refi $35,000 cash out- default

115,100 Same AllianceBanc 2nd mtg - same

2005/7 580,000 3152 Penwa Ct Express Cap - 100% financing

145,000 Same Express Cap - 2nd mtg

2006/5 960,000 3152 Penwa Ct WaMu- refi - $235,000 cash out- default

2006/6 736,000 3140 Penwa Ct AllianceBanc 95% financing - default

138,000 Same AllianceBanc 2nd mtg - same

2006/8 105,000 3152 Penwa Ct Secured- 2nd mtg $105,000 cash- default

2006/8 268,800 610 Fox Valley Rd Volusia Asset -80% financing - flipped

2006/11 383,200 726 Riverbend Blvd CSFB- 90% financing - default

47,900 Same CSFB - 2nd mtg - same

2006/11 424,000 601 Blue Lake Dr CSFB- 95% financing - default

79,500 Same CSFB - 2nd mtg - same

Total: $5,682,300
Several properties were purchased from the same seller - Sarafian.
Charles defaulted on all outstanding loans before the end of 2007.

Continued next page….



Page 153 of 158

98. Gunter… continued


Loan #700471504 - 726 Riverbend Blvd, Longwood FL - purchased from Sarafian
ARMT 2007-1 invested $383,200 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1999/8 Sale 189,000 Deed to Veno - arm’s-length

2006/7 Sale 386,000 Deed to Relocation Service - price inflated 104%

2006/7 Sale 370,000 Deed to Sarafian

2006/11 Sale 479,000 Deed to Gunter - price inflated 29%

1st mtg 383,200 CSFB- 90% financing - defaulted

2nd mtg 47,900 CSFB- same

2010/1 Foreclosure n/a Judgment of $485,990 vs Gunter

2012/10 REO resale 195,000 ARMT 2007-1 netted this amount after sale of property
CSFB sold the 2nd mtg to HEMT 2007-2 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $290,990 of principal (76%).

Continued next page…



Page 154 of 158

98. Gunter… continued

Loan #700481017 - 601 Blue Lake Dr, Longwood FL - purchased from Sarafian
ARMT 2007-1 invested $424,000 with this house as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

1999/10 Sale 214,000 Deed to Blake - arm’s-length

2005/5 Sale 415,000 Deed to Sarafian - price inflated 94%

2006/11 Sale 530,000 Deed to Gunter - price inflated 28%

1st mtg 424,000 CSFB- 95% financing - defaulted

2nd mtg 79,500 CSFB- same

2010/1 Foreclosure n/a Judgment of $508,631 vs Gunter

2012/10 REO resale 188,000 ARMT 2007-1 netted this amount after sale of property
CSFB sold the 2nd mtg to HEMT 2007-2 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $320,631 of principal (76%).
Page 155 of 158

99. Crescent Place Condo - Grand Regency Pointe, Altamonte Springs, FL

CSFB made at least 10 loans against units in this condo (all defaulted) - and five were sold to
ARMT 2007-1:

The loans sold to ARMT 2007-1 were:

#700445655 - Acosta, Michael - 823 Grand Regency Pointe, #205 - $167,120


#700430226 - Crincoli, Louise - 850 Grand Regency Pointe #203 - $109,830
#700481436 - Rivera, Juan - 862 Grand Regency Pointe # 205 - $109,830
#700470889 - Romero,Martha - 854 Grand Regency Pointe #204 - $173,520
#700429883 - Trawczynski, Konrad - 846 Grand Regency Pointe #203 - $123,920

Continued next page….



Page 156 of 158

99. Crescent Place Condo…. continued

#700445655 - 823 Grand Regency Pointe, #205 - Acosta, Michael


History of the property based on the county appraiser:
Date Event Amount Comment

2006/10 Sale 208,900 Deed to Acosta - condo conversion

1st mtg 167,120 CSFB- 95% financing - defaulted

2nd mtg 31,335 CSFB - same

2010/1 Foreclosure n/a Judgment of $194,254 vs Acosta

2010/5 REO resale 54,500 ARMT 2007-1 netted this amount after sale of property
CSFB sold the 2nd mtg to HEMT 2007-2 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $139,754 of principal (84%).

#700430226 - 850 Grand Regency Pointe, #203 - Crincoli, Louise


Date Event Amount Comment

2006/10 Sale 156,900 Deed to Crincoli - condo conversion

1st mtg 109,830 CSFB- 90% financing - defaulted

2nd mtg 31,380 CSFB - same

2008/7 Foreclosure n/a Deed in lieu of foreclosure

2009/2 REO resale 46,500 ARMT 2007-1 netted this amount after sale of property
CSFB sold the 2nd mtg to HEMT 2007-2 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $63,330 of principal (58%).

[CSFB sold ARMT 2007-1 a second loan with Crincoli - #700429529. This loan of $137,830 was
secured with a 1st mtg on unit #305 at the Camargo Condo - down the road from Crescent
Place. Crincoli defaulted on the 1st mtg loan and a $39,380 CSFB 2nd mtg, too. ARMT 2007-1
lost a minimum $80,672 (59%) on #700429529. CSFB sold the 2nd mtg to HEMT 2007-2 which
lost all of its investment (100%).]

Page 157 of 158

#700481436 - 862 Grand Regency Pointe, #205 - Rivera, Juan


Date Event Amount Comment

2006/12 Sale 156,900 Deed to Rivera - condo conversion

1st mtg 109,830 CSFB- 90% financing - defaulted

2nd mtg 31,380 CSFB - same

2010/2 Foreclosure n/a Judgment of 130,603 vs Rivera

2010/12 REO resale 30,500 ARMT 2007-1 netted this amount after sale of property
CSFB sold the 2nd mtg to HEMT 2007-2 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $100,103 of principal (91%).

#700430226 - 854 Grand Regency Pointe, #204 - Romero, Martha


Date Event Amount Comment

2006/11 Sale 216,900 Deed to Romero - condo conversion

1st mtg 173,520 CSFB- 100% financing - defaulted

2nd mtg 43,380 CSFB - same

2008/12 Foreclosure n/a Judgment of $195,163 vs Romero

2009/7 REO resale 49,250 ARMT 2007-1 netted this amount after sale of property
CSFB sold the 2nd mtg to HEMT 2007-2 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $145,913 of principal (84%).

#700429883 - 846 Grand Regency Pointe, #203 - Trawczynski, Konrad


Date Event Amount Comment

2006/11 Sale 154,900 Deed to Trawczynski - condo conversion

1st mtg 123,920 CSFB- 100% financing - defaulted

2nd mtg 30,980 CSFB - same

2010/7 short sale 26,500 ARMT 2007-1 netted this amount after sale of property
The investor in the CSFB 2nd mtg lost all of its investment.
ARMT 2007-1 lost a minimum $97,420 of principal (79%).
Page 158 of 158

100. David, Devester - 16 Marconi Place, Brooklyn, NY - Loan #700493720


ARMT 2007-1 invested $492,000 with this building as collateral:

History of the property based on the county appraiser:


Date Event Amount Comment

2000/9 Sale 210,000 Deed to Kearney - arm’s-length

2002/2 Sale 285,000 Deed to Pezzano - price increased 32%

2004/1 Sale 422,000 Deed to Blanchette -price inflated 48%

2005/7 Sale 383,000 Deed Muritala

2006/12 Sale 615,000 Deed to David - price inflated 61%

1st mtg 492,000 CSFB- 100% financing - defaulted

2nd mtg 123,000 CSFB - same

2010/4 Foreclosure n/a Judgment of $565,289 vs David

2010/5 REO resale 292,500 ARMT 2007-1 netted this amount after sale of property
CSFB sold the 2nd mtg to HEMT 2007-2 which lost all of its investment (100%).
ARMT 2007-1 lost a minimum $272,789 of principal (55%).