Common use of CREDIT GRADE Clause in Contracts

CREDIT GRADE. PRINCIPAL % OF PRINCIPAL REMAINING NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS RISK MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV CATEGORY LOANS CUT-OFF DATE ($) DATE (MONTHS) (%) (%) FICO (%) ------------------------ ----------- ----------------- ---------------- ----------- -------- -------- ------ ------- I 4,152 685,464,418.11 66.84 356 38.74 7.356 625 85.78 II 430 73,640,177.86 7.18 358 39.69 7.528 588 82.76 III 516 80,327,478.03 7.83 357 39.00 7.665 583 82.58 IV 320 49,823,578.39 4.86 357 39.87 7.984 570 77.75 V 200 33,219,685.61 3.24 357 41.43 8.143 556 68.93 VI 52 8,558,775.40 0.83 358 43.85 9.836 543 66.32 A+ 206 38,004,341.21 3.71 359 38.89 7.538 606 81.01 A 124 22,991,687.90 2.24 359 41.23 7.589 589 79.03 A- 56 9,601,683.59 0.94 358 39.88 8.507 540 78.80 B 50 9,223,888.36 0.90 357 41.59 8.478 545 74.45 C 46 7,768,200.28 0.76 359 39.36 8.856 544 69.65 C- 35 6,939,746.09 0.68 359 41.62 9.309 554 75.38 ------------------------ ----------- ---------------- -------------- ----------- ---------- -------- ------- ----- TOTAL: 6,187 1,025,563,660.83 100.00 356 39.14 7.527 609 83.53 ------------------------ ----------- ---------------- -------------- ----------- ---------- -------- ------- ----- * Letters correspond to risk categories of Olympus Mortgage Company and roman numerals correspond to risk categories of Argent Mortgage Company, LLC. PROPERTY TYPE PRINCIPAL % OF PRINCIPAL REMAINING NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS PROPERTY MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV TYPE LOANS CUT-OFF DATE ($) DATE (MONTHS) (%) (%) FICO (%) ------------------------ ----------- ----------------- ---------------- ----------- -------- -------- ------ ------- Single Family Detached 4,522 727,855,538.74 70.97 356 39.32 7.503 604 83.37 Two-to Four-Family 470 106,708,450.52 10.40 357 37.74 7.557 640 83.90 PUD Detached 516 94,146,868.20 9.18 357 39.31 7.631 601 85.42 Condominium 424 68,235,580.48 6.65 358 39.76 7.619 619 83.54 Manufactured Housing 228 24,582,711.07 2.40 356 37.10 7.392 628 78.78 PUD Attached 22 3,281,968.50 0.32 355 41.02 7.689 616 85.99 Single Family Attached 5 752,543.32 0.07 359 44.18 7.737 606 86.75 ------------------------ ----------- ---------------- -------------- ----------- ---------- -------- ------- ----- TOTAL: 6,187 1,025,563,660.83 100.00 356 39.14 7.527 609 83.53 ------------------------ ----------- ---------------- -------------- ----------- ---------- -------- ------- ----- PREPAYMENT CHARGE TERM

Appears in 1 contract

Sources: Mortgage Loan Purchase Agreement (Argent Securities Inc Asset-Backed Pass-Through Certificates, Series 2004-W11)

CREDIT GRADE. PRINCIPAL % OF PRINCIPAL REMAINING NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS RISK MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV CATEGORY LOANS CUT-OFF DATE ($) DATE (MONTHS) (%) (%) FICO (%) ------------------------ ----------- ----------------- ---------------- ----------- -------- -------- ------ ------- I 4,152 685,464,418.11 66.84 898 235,962,705.06 63.02 356 38.74 7.356 625 85.78 38.75 7.105 631 84.83 II 430 73,640,177.86 7.18 117 33,039,081.75 8.82 358 39.69 7.528 588 82.76 39.42 7.402 594 84.57 III 516 80,327,478.03 7.83 357 39.00 7.665 130 32,060,591.35 8.56 356 40.61 7.412 583 82.58 82.44 IV 320 49,823,578.39 4.86 357 39.87 7.984 570 77.75 77 17,587,926.12 4.70 358 38.14 7.776 575 79.32 V 200 33,219,685.61 3.24 357 41.43 8.143 556 68.93 58 16,616,541.89 4.44 356 43.03 7.906 552 69.06 VI 52 8,558,775.40 0.83 13 3,305,010.54 0.88 359 42.28 9.956 532 66.66 A+ 59 17,500,103.32 4.67 359 41.94 7.312 604 83.25 A 23 7,741,491.19 2.07 359 41.26 7.224 593 82.54 A- 9 2,417,147.26 0.65 359 41.46 7.940 559 81.42 B 7 1,792,240.02 0.48 358 43.85 9.836 543 66.32 A+ 206 38,004,341.21 3.71 42.12 7.575 576 74.62 C 11 1,719,168.56 0.46 359 38.89 7.538 606 81.01 A 124 22,991,687.90 2.24 38.88 9.110 524 70.28 C- 12 4,692,796.93 1.25 359 41.23 7.589 589 79.03 A- 56 9,601,683.59 0.94 358 39.88 8.507 540 78.80 B 50 9,223,888.36 0.90 357 41.59 8.478 545 74.45 C 46 7,768,200.28 0.76 359 39.36 8.856 544 69.65 C- 35 6,939,746.09 0.68 359 41.62 9.309 554 75.38 ------------------------ ----------- 38.60 7.610 604 81.18 ---------------------- ------------ ---------------- -------------- ----------- ---------------- ---------- -------- --------- ------ ------- ----- TOTAL: 6,187 1,025,563,660.83 1,414 374,434,803.99 100.00 356 39.14 7.527 609 83.53 ------------------------ ----------- 357 39.39 7.285 613 83.18 ---------------------- ------------ ---------------- -------------- ----------- ---------------- ---------- -------- --------- ------ ------- ----- * Letters correspond to risk categories of Olympus Mortgage Company and roman numerals correspond to risk categories of Argent Mortgage Company, LLC. PROPERTY TYPE PRINCIPAL % OF PRINCIPAL REMAINING NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS PROPERTY MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV TYPE LOANS CUT-OFF DATE ($) DATE (MONTHS) (%) (%) FICO (%) ------------------------ ----------- ----------------- ---------------- ----------- -------- -------- ------ ------- Single Family 1,089 283,256,705.60 75.65 357 39.34 7.259 609 82.87 Detached 4,522 727,855,538.74 70.97 356 39.32 7.503 604 83.37 PUD Detached 108 36,535,235.59 9.76 357 41.15 7.465 600 82.13 Two-to Four-Family 470 106,708,450.52 10.40 357 37.74 7.557 640 83.90 PUD Detached 516 94,146,868.20 9.18 357 39.31 7.631 601 85.42 100 32,886,170.21 8.78 358 38.02 7.196 654 86.53 Condominium 424 68,235,580.48 6.65 60 16,130,140.21 4.31 358 39.76 7.619 619 83.54 39.49 7.491 626 86.22 Manufactured Housing 228 24,582,711.07 2.40 356 37.10 7.392 628 78.78 53 4,874,438.35 1.30 343 38.28 7.335 630 75.51 PUD Attached 22 3,281,968.50 0.32 355 41.02 7.689 616 85.99 Single Family Attached 5 752,543.32 0.07 359 44.18 7.737 606 86.75 ------------------------ ----------- 4 752,114.03 0.20 357 40.21 7.432 591 90.39 ---------------------- ------------ ---------------- -------------- ----------- ---------------- ---------- -------- --------- ------ ------- ----- TOTAL: 6,187 1,025,563,660.83 1,414 374,434,803.99 100.00 356 39.14 7.527 609 83.53 ------------------------ ----------- 357 39.39 7.285 613 83.18 ---------------------- ------------ ---------------- -------------- ----------- ---------------- ---------- -------- --------- - ----- ------- ----- PREPAYMENT CHARGE TERM

Appears in 1 contract

Sources: Mortgage Loan Purchase Agreement (Argent Securities Inc Asset-Backed Pass-Through Certificates, Series 2004-W11)

CREDIT GRADE. PRINCIPAL % OF PRINCIPAL REMAINING NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS RISK MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV CATEGORY CATEGORY* LOANS CUT-OFF DATE ($) DATE (MONTHS) (%) (%) FICO (%) ------------------------ ----------- ----------------- --------------- ---------------- ----------- -------- -------- ------ ------- I 4,152 685,464,418.11 66.84 5,050 921,427,123.17 65.82 356 38.74 7.356 625 85.78 38.75 7.292 626 85.54 II 430 73,640,177.86 7.18 547 106,679,259.61 7.62 358 39.69 7.528 588 82.76 39.60 7.489 590 83.32 III 516 80,327,478.03 7.83 646 112,388,069.38 8.03 356 39.46 7.593 583 82.54 IV 397 67,411,504.51 4.82 357 39.00 7.665 583 82.58 IV 320 49,823,578.39 4.86 39.42 7.930 571 78.16 V 258 49,836,227.50 3.56 357 39.87 7.984 570 77.75 V 200 33,219,685.61 3.24 41.96 8.064 555 68.98 VI 65 11,863,785.94 0.85 358 43.41 9.869 540 66.42 A+ 265 55,504,444.53 3.96 359 39.85 7.467 606 81.71 A 147 30,733,179.09 2.20 359 41.24 7.497 590 79.91 A- 65 12,018,830.85 0.86 358 40.20 8.393 543 79.33 B 57 11,016,128.38 0.79 357 41.43 8.143 556 68.93 VI 52 8,558,775.40 0.83 358 43.85 9.836 543 66.32 A+ 206 38,004,341.21 3.71 359 38.89 7.538 606 81.01 A 124 22,991,687.90 2.24 359 41.23 7.589 589 79.03 A- 56 9,601,683.59 0.94 358 39.88 8.507 540 78.80 B 50 9,223,888.36 0.90 357 41.59 8.478 545 74.45 41.68 8.331 550 74.48 C 46 7,768,200.28 0.76 359 39.36 8.856 544 69.65 C- 35 6,939,746.09 57 9,487,368.84 0.68 359 41.62 9.309 554 75.38 ------------------------ 39.27 8.902 540 69.77 C- 47 11,632,543.02 0.83 359 40.40 8.624 574 77.72 ----------------------- ----------- --------------- ---------------- -------------- ----------- ---------- -------- ------- ----- ---- -------- TOTAL: 6,187 1,025,563,660.83 7,601 1,399,998,464.82 100.00 356 39.14 7.527 609 83.53 ------------------------ 357 39.21 7.462 610 83.43 ----------------------- ----------- --------------- ---------------- -------------- ----------- ---------- -------- ------- ----- ---- -------- * Letters correspond to risk categories of Olympus Mortgage Company and roman numerals correspond to risk categories of Argent Mortgage Company, LLC. PROPERTY TYPE PRINCIPAL % OF PRINCIPAL REMAINING NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS PROPERTY MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV TYPE LOANS CUT-OFF DATE ($) DATE (MONTHS) (%) (%) FICO (%) ------------------------ ----------- ----------------- --------------- ---------------- ----------- -------- -------- ------ ------- Single Family Detached 4,522 727,855,538.74 70.97 5,611 1,011,112,244.34 72.22 356 39.32 7.503 604 83.37 7.435 606 83.23 Two-to Four-Family 470 106,708,450.52 10.40 570 139,594,620.73 9.97 357 37.74 7.557 640 83.90 37.81 7.472 643 84.52 PUD Detached 516 94,146,868.20 9.18 624 130,682,103.79 9.33 357 39.31 7.631 39.83 7.584 601 85.42 84.50 Condominium 424 68,235,580.48 6.65 484 84,365,720.69 6.03 358 39.76 7.619 619 83.54 39.71 7.595 621 84.05 Manufactured Housing 228 24,582,711.07 2.40 356 37.10 7.392 281 29,457,149.42 2.10 354 37.30 7.382 628 78.78 78.24 PUD Attached 22 3,281,968.50 0.32 355 41.02 7.689 616 85.99 26 4,034,082.53 0.29 356 40.87 7.641 611 86.81 Single Family Attached 5 752,543.32 0.07 0.05 359 44.18 7.737 606 86.75 ------------------------ ----------------------- ----------- ---------------- -------------- ---------------- ----------- ---------- -------- ------- ----- ------ ------ TOTAL: 6,187 1,025,563,660.83 7,601 1,399,998,464.82 100.00 356 39.14 7.527 609 83.53 ------------------------ 357 39.21 7.462 610 83.43 ----------------------- ----------- ---------------- -------------- ---------------- ----------- ---------- -------- ------- ----- ------ ------ PREPAYMENT CHARGE TERM

Appears in 1 contract

Sources: Mortgage Loan Purchase Agreement (Argent Securities Inc Asset-Backed Pass-Through Certificates, Series 2004-W11)