Sample Securitization Audit   Memorandum
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CERTIFIED FORENSIC LOAN AUDITORS, LLC 13101 West Washington Blvd., Suite 140 Los Angeles, CA 90066; Phone: 310-432-6304 Facsimile: 310-432-6303 sales@CertifiedForensicLoanAuditors.com www.CertifiedForensicLoanAuditors.com “The Nation’s Leading Real Estate Forensic Loan Auditing Company” RESEARCH  MEMORANDUM June 22, 2010  The Law Offices of ___________ADDRESS CITY, STATE ZIP  Re:  CLIENTS NAME  ADDRESS   CITY, STATE ZIP st1  Trust Deed and Loan:    Investor:  Washington Mutual, FA,  Loan No.: XXXXXXXXXX-XXX   Servicer:  Washington Mutual   Loan Amount:  $2,400,000   Loan Type: 7/1 Jumbo ARM based on LIBOR One‐Year Index, 2.250% margin, initial rate 7.375%   Settlement Date:  09/28/2007   Maturity Date:  10/01/2037  st1  TD INVESTMENT VEHICLE(S):   BANC OF AMERICA FUNDING 2007‐8 TRUST  FACTS AND DISCUSSION  1BANC OF AMERICA FUNDING 2007‐8 TRUST annual form 10‐K  was filed on 03/28/2008 with the SEC.  This document listed Washington Mutual Bank as compliant with the servicing criteria for the asset‐backed securities held by the Trust.  The BANC OF AMERICA FUNDING 2007‐8 TRUST prospectus form                                                             1 Form 10‐K is an annual report which provides a comprehensive overview of the company for the past year. The filing is due 90 days after the close of the company's fiscal year, and contains such information as company history, organization ...

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CERTIFIED FORENSIC LOAN AUDITORS, LLC 13101 West Washington Blvd., Suite140Los Angeles, CA 90066; Phone: 310-432-6304 Facsimile: 310-432-6303 sales@CertifiedForensicLoanAuditors.comwww.CertifiedForensicLoanAuditors.com“The Nation’s Leading Real Estate Forensic Loan Auditing Company” RESEARCHMEMORANDUMJune22,2010
TheLawOfficesof___________ ADDRESSCITY, STATE ZIPRe:CLIENTSNAME  ADDRESS CITY,STATE ZIP st 1TrustDeedandLoan:Investor:WashingtonMutual,FA,LoanNo.:XXXXXXXXXX-XXXServicer:WashingtonMutualLoanAmount:$2,400,000LoanType:7/1JumboARMbasedonLIBOROneYearIndex,2.250%margin,initialrate7.375%SettlementDate:09/28/2007MaturityDate:10/01/2037
st 1TDINVESTMENTVEHICLE(S):BANCOFAMERICAFUNDING20078TRUSTFACTSANDDISCUSSION1 BANCOFAMERICAFUNDING20078TRUSTannualform10Kwasfiledon03/28/2008withtheSEC.ThisdocumentlistedWashingtonMutualBankascompliantwiththeservicingcriteriafortheassetbackedsecuritiesheldbytheTrust.TheBANCOFAMERICAFUNDING20078TRUSTprospectusform
1 Form10Kisanannualreportwhichprovidesacomprehensiveoverviewofthecompanyforthepastyear.Thefilingisdue90daysafterthecloseofthecompany'sfiscalyear,andcontainssuchinformationascompanyhistory,organization,natureofbusiness,equity,holdings,earningspershare,subsidiaries,andotherpertinentfinancialinformation.
SecuritizationMemorandumNAMEADDRESSCITY,STATEZIP June21,2010Page2of32 424B5 ,filedon09/28/2007,referstoWashingtonMutualasaloanoriginator(e.g.,onp.S54).Therefore,thesereferencestoWashingtonMutual(WAMU)indicatethatthesubjectloancouldhavebeensecuritizedintoBANCOFAMERICAFUNDING20078TRUSTandthatWAMUwastheservicer.3 On01/25/2008WellsFargoBank,N.A.asMasterServicerfiledaform1515Dterminatingregistrationofthenotedinvestmentvehicle.Theapproximatenumberofholdersofrecordasofthecertificationornoticedatewaslessthan300.ThecompletelistofSECfilingsbytheBANCOFAMERICAFUNDING20078TRUSTisprovidedherewith.RESEARCHBASESANDATTACHMENTSTheresearchproductsforthisReportarederivedfromasearchofSECrecordsandthoseformsthatarerequiredbytheSECtobefiledbypubliclytradedcompanies.Beneficialownersof5%orgreaterareincluded.However,theremaybeotherinvestorswithlessthan5%ownershiporwhohaveclaimedownershipthroughprivatetrustsorotherinvestmentvehiclesthatarenotrequiredtobefiledwiththeSEC,andwhicharenotcapturedbythisresearch.Suchundisclosedinvestorsmaypotentiallybeuncoveredthroughdiscovery.TheattacheddocumentsmaycontaindetailedinformationonPoolingAgreements,ServicingCriteria,ServicingAgreements,andotherrelevantinformationregardingrelationshipsandagreementsbetweenthelistedpartiesand/orinvestorsforthismortgagor’sloan(s).CONCLUSIONTheinformationcontainedintheBANCOFAMERICAFUNDING20078TRUST10KtendstoindicatethatWAMUheldabeneficialinterestinthesubjectloanandtrust.However,manyWashingtonMutualloansmaynothavebeensecuritized.JPMorganChasepurchasedtheassetsoflenderWAMUthroughtheFDICasreceiver.UnsecuritizedloansoriginatedbyWAMUmaybeinJPMorganChase’sportfolio.Inconclusion,multiplederivativeinvestorsofBANCOFAMERICAFUNDING20078TRUSTarepossible,eachofthemseparatelyclaimingownershipthroughvariousinterlacedloanservicing,trustee,and
2 Form424B5isaformofProspectusthatdisclosesinformationintheforms424B2and424B3.Form424B2isaformofProspectusfiledinconnectionwithaprimaryofferingofsecuritiesonadelayedbasiswhichincludesthepublicofferingprice,descriptionofsecuritiesandspecificmethodofdistribution.Form424B3isaformofProspectusthatreflectsfactsoreventsthatconstituteasubstantivechangefromorinadditiontotheinformationsetforthinthelastformofprospectusfiledwiththeSEC.
3 Form1515Disacertificationofterminationofregistrationofaclassofsecurityunder§12(g),ornoticeofsuspensionofdutytofilereportspursuantto§13and§15(d)oftheSecuritiesExchangeAct.§13and§15(d)initialfiling.
SecuritizationMemorandumNAMEADDRESSCITY,STATE ZIP June21,2010Page3of3managementagreements.Theseagreementsprovidebothassetsandcashflowunderlyingtheissuanceoftheirrespectivesecurities.BANCOFAMERICAFUNDING20078TRUSTisnotrequiredtodiscloseinvestorsowninglessthan5%ofthetrust’scertificates.BANCOFAMERICAFUNDING20078TRUST’sSECfilingsdoreflectentitieswithcontractualrolesinthetrust,asspecifiedinAppendixA.Theseentitiesmayhaveinterestsinthetrust,andattrustderegistrationthesecuritizedloansmayhaverevertedtotheportfolioofoneoftheseentities.PleaseseetheincludedAppendixandattachmentsformoredetail.Shouldtheclientdesirefurtherinformation,additionalresearchwillberequired.Certified Forensic Loan Auditors, LLC Enclosure[s]asnoted
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