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THE SPONSOR
The information set forth in the following paragraphs has been
provided by Citigroup Global MarketsRealty Corp.
Citigroup Global Markets Realty Corp., a New York corporation,
is the sponsor of the transaction. The
sponsor was organized in 1979 and is an affiliate of Citigroup
Global Markets Inc. The sponsor maintains itsprincipal office at
388 Greenwich Street, New York, New York 10013, Attention: Mortgage
Finance Group. Itstelecopy number is (212) 723-8604. The sponsor
was established as a mortgage banking company to facilitate
thepurchase of whole loan portfolios and servicing rights
containing various levels of quality from investment qualityto
varying degrees of non-investment quality up to and including real
estate owned assets.
Since its inception, the sponsor has purchased over $50 billion
in residential whole loans and servicingrights, which include the
purchase of newly originated Alt-A, jumbo (prime) and sub-prime
mortgageloans. Mortgage loans are purchased on a bulk and flow
basis. Mortgage loans are generally purchased with theultimate
strategy of securitization into a securitization based upon product
type and credit parameters.
Mortgage loans acquired by the sponsor are subject to varying
levels of due diligence prior topurchase. Portfolios may be
reviewed for credit, data integrity, appraisal valuation,
documentation, as well as
compliance with certain laws. Mortgage loans purchased will have
been originated pursuant to the originatorsunderwriting guidelines
that are acceptable to the sponsor.
Subsequent to purchase by the sponsor, mortgage loans are pooled
together by product type and creditparameters and structured into a
securitization, with the assistance of Citigroup Global Markets
Inc., for distributioninto the primary market.
The sponsor has been securitizing residential mortgage loans
since 1987. The following table describessize, composition and
growth of the sponsors total portfolio of assets it has securitized
as of the dates indicated.
December 31,
2003
December 31,
2004
December 31,
2005
December 31,
2006
Loan Type
Total
Portfolio of
Loans
Total
Portfolio of
Loans
Total Portfolio
of Loans
Total Portfolio
of Loans
Prime / Alt-A$
2,122,000,000
$
4,310,000,000
$9,804,000,000
$
10,909,678,524
Reperforming$
552,000,000$
406,000,000$
309,000,000$
277,332,000
SubPrime$
306,000,000$
2,426,000,000
$8,246,000,000
$
10,308,594,000
HELOC$
0$
0$
0$
1,032,157,000
Totals$
2,980,000,000
$
7,142,000,000
$
18,359,000,000
$
22,527,761,524
With respect to some of the securitizations organized by the
sponsor, a trigger event has occurred withrespect to the loss and
delinquency experience of the mortgage loans included in the
related trust, resulting in asequential payment of principal to the
related offered certificates, from the certificate with the highest
credit ratingto the one with the lowest rating.
THE DEPOSITOR
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Citigroup Mortgage Loan Trust Inc., a Delaware corporation, is
the depositor of the transaction. Thedepositor was organized in
2003 and is an affiliate of Citigroup Global Markets Inc. The
depositor maintains itsprincipal office at 390 Greenwich Street,
New York, New York 10013, Attention: Mortgage Finance Group.
Itstelecopy number is (212) 723-8604.
The depositor has been engaged in the securitization of mortgage
loans since its incorporation in 2003,
although the sponsor has been engaged in the securitization of
mortgage loans through other depositors since1987. The depositor is
generally engaged in the business of acting as a depositor of one
or more trust funds that mayissue or cause to be issued, sell and
deliver bonds or other evidences of indebtedness or certificates of
interest thatare secured by, or represent an interest in mortgage
loans. The depositor typically acquires mortgage loans andother
assets for inclusion in securitizations from the sponsor.
The certificate of incorporation of the depositor provides that
the depositor may not conduct any activitiesother than those
related to the issue and sale of one or more series of securities
and to act as depositor of trusts thatmay issue and sell
securities.
After the issuance of the certificates, the depositor will have
limited or no obligations with respect to thecertificates and the
trust fund. Those obligations may include cure, repurchase or
substitution obligations relating tobreaches of representations and
warranties, if any, that the depositor makes with respect to the
mortgage loans, to
arrange for the Interest Rate Swap Agreement or replacement
instruments to be included in the trust, to appointreplacements to
certain transaction participants, to prepare and file and required
reports under the SecuritiesExchange Act of 1934, as amended, to
provide notices to certain parties under the pooling and servicing
agreementor to provide requested information to the various
transaction participants.
The depositor does not have, nor is it expected in the future to
have, any significant assets. We do notexpect that the depositor
will have any business operations other than acquiring and pooling
residential mortgageloans, mortgage securities and agency
securities, offering mortgage-backed or other asset-backed
securities, andrelated activities.
http://www.dfs.ny.gov/about/whowesupervise.htm#mortgage
Mortgage Bankers
A mortgage banker is a person or entity that engages in the
business of making five or moremortgage loans in any one calendar
year (other than certain exempted entities, including abanking
organization and an insurance company).
Mortgage bankers are subject to licensing by the Superintendent
of Financial Services underArticle XII-D of the Banking Law.
Mortgage Bankers-Exempt
Certain entities that engage in mortgage lending or mortgage
brokering are exempt from thelicensing and registration
requirements of the Banking Law. These organizations are subject
tothe disclosure and other regulations regarding one to four family
owner occupied residentialmortgages. Additionally, the
Superintendent has the authority to examine these institutions.
Bonafide non-profit organizations are eligible for exemption.
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Citigroup Global Markets Inc. (CGMI) is the US-based brokerage
and securities arm of banking behemothCitigroup. The company
provides investment banking services to corporate, institutional,
government, andretail clients. As a broker-dealer, CGMI offers
clients access to the global markets in more than 100countries.
Services include underwriting, structuring, sales and trading
across such asset classes as
equities, corporate, government and agency bonds, and
mortgage-backed securities. Through CitiFutures, it offers
execution and clearing services.
