Common use of Documentation Level Clause in Contracts

Documentation Level. of Mortgage Pool by Aggregate Aggregate Weighted Weighted Number Cut-off Cut-off Average Average Weighted Weighted of Date Date Gross Remaining Average Average Mortgage Principal Principal Interest Term Original FICO Documentation Level Loans Balance ($) Balance Rate (%) (months) LTV Score ---------------------------------------------------------------------------------------------------------------------------- Full 1,925 276,279,866 65.08 7.751 350 79.52 596 ---------------------------------------------------------------------------------------------------------------------------- No Income Verifier 431 66,479,802 15.66 8.023 355 76.46 618 ---------------------------------------------------------------------------------------------------------------------------- Stated Documentation 353 59,157,016 13.94 7.619 357 79.38 650 ---------------------------------------------------------------------------------------------------------------------------- Light 65 9,896,619 2.33 8.329 354 82.07 586 ---------------------------------------------------------------------------------------------------------------------------- No Documentation 60 9,171,252 2.16 8.312 353 76.18 628 ---------------------------------------------------------------------------------------------------------------------------- Alternative 20 3,522,330 0.83 7.556 357 82.77 619 ---------------------------------------------------------------------------------------------------------------------------- Total: 2,854 424,506,884 100 7.799 352 79.04 608 ---------------------------------------------------------------------------------------------------------------------------- Top

Documentation Level. of Mortgage Pool by Aggregate Aggregate Weighted Weighted Number Cut-off Cut-off Average Average Weighted Weighted of Date Date Gross Remaining Average Average Mortgage Principal Principal Interest Term Original FICO Documentation Level Loans Balance ($) Balance Rate (%) (months) LTV Score ---------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- Full 1,925 276,279,866 65.08 7.751 350 79.52 596 ---------------------------------------------------------------------------------------------------------------------------- 2,334 338,351,388 69.7 7.96 337 81.9 609 ----------------------------------------------------------------------------------------------------------------------------- No Income Verifier 431 66,479,802 15.66 8.023 355 76.46 618 ---------------------------------------------------------------------------------------------------------------------------- 356 64,930,991 13.38 8.061 352 76.42 626 ----------------------------------------------------------------------------------------------------------------------------- Stated Documentation 353 59,157,016 13.94 7.619 357 79.38 650 ---------------------------------------------------------------------------------------------------------------------------- Light 65 9,896,619 2.33 8.329 354 82.07 586 ---------------------------------------------------------------------------------------------------------------------------- 283 49,217,506 10.14 7.674 336 77.49 658 ----------------------------------------------------------------------------------------------------------------------------- No Documentation 60 9,171,252 2.16 8.312 353 76.18 628 ---------------------------------------------------------------------------------------------------------------------------- 78 15,411,290 3.17 8.141 313 78.82 656 ----------------------------------------------------------------------------------------------------------------------------- Light 70 13,338,825 2.75 8.307 347 81.15 607 ----------------------------------------------------------------------------------------------------------------------------- Alternative 20 3,522,330 0.83 7.556 357 82.77 619 ---------------------------------------------------------------------------------------------------------------------------- 21 4,203,799 0.87 7.534 342 80.07 634 ----------------------------------------------------------------------------------------------------------------------------- Total: 2,854 424,506,884 3,142 485,453,799 100 7.799 352 79.04 608 ---------------------------------------------------------------------------------------------------------------------------- 7.956 338 80.58 618 ----------------------------------------------------------------------------------------------------------------------------- Top

Documentation Level. of Mortgage Pool by Aggregate Aggregate Weighted Weighted Number Cut-off Cut-off Average Average Weighted Weighted of Date Date Gross Remaining Average Average Mortgage Principal Principal Interest Term Original FICO Documentation Level Loans Balance ($) Balance Rate (%) (months) LTV Score ---------------------------------------------------------------------------------------------------------------------------- Full 1,925 276,279,866 65.08 7.751 350 79.52 596 4,259 614,631,254 67.54 7.866 343 80.83 603 ---------------------------------------------------------------------------------------------------------------------------- No Income Verifier 431 66,479,802 15.66 8.023 355 76.46 618 787 131,410,793 14.44 8.042 354 76.44 622 ---------------------------------------------------------------------------------------------------------------------------- Stated Documentation 353 59,157,016 13.94 7.619 357 79.38 650 ---------------------------------------------------------------------------------------------------------------------------- Light 65 9,896,619 2.33 8.329 354 82.07 586 636 108,374,522 11.91 7.644 348 78.52 653 ---------------------------------------------------------------------------------------------------------------------------- No Documentation 60 9,171,252 2.16 8.312 353 76.18 628 138 24,582,542 2.7 8.205 328 77.84 646 ---------------------------------------------------------------------------------------------------------------------------- Light 135 23,235,443 2.55 8.316 350 81.54 598 ---------------------------------------------------------------------------------------------------------------------------- Alternative 20 3,522,330 0.83 7.556 357 82.77 619 41 7,726,129 0.85 7.544 349 81.3 627 ---------------------------------------------------------------------------------------------------------------------------- Total: 2,854 424,506,884 5,996 909,960,682 100 7.799 352 79.04 608 7.883 345 79.86 613 ---------------------------------------------------------------------------------------------------------------------------- Top