Common use of Documentation Level Clause in Contracts

Documentation Level. OF MORTGAGE AGGREGATE POOL BY WEIGHTED WEIGHTED CUT-OFF AGGREGATE AVERAGE WEIGHTED AVERAGE NUMBER DATE CUT-OFF GROSS AVERAGE ORIGINAL WEIGHTED OF PRINCIPAL DATE INTEREST REMAINING COMBINED AVERAGE MORTGAGE BALANCE PRINCIPAL RATE TERM LTV FICO DOCUMENTATION LEVEL LOANS ($) BALANCE (%) (MONTHS) (%) SCORE ----------------------------------------------------------------------------------------------------------------------------------- Stated Documentation 1,522 299,171,202 51.18 7.424 349 80.93 650 ----------------------------------------------------------------------------------------------------------------------------------- Full Documentation 1,678 260,928,931 44.64 7.444 351 80.59 608 ----------------------------------------------------------------------------------------------------------------------------------- Limited/Alternate Documentation 137 23,450,626 4.01 7.433 350 79.98 596 ----------------------------------------------------------------------------------------------------------------------------------- No Ratio 5 972,962 0.17 8.055 356 91.41 666 ----------------------------------------------------------------------------------------------------------------------------------- TOTAL: 3,342 584,523,723 100.00 7.434 350 80.76 629 ----------------------------------------------------------------------------------------------------------------------------------- Top

Documentation Level. OF MORTGAGE AGGREGATE POOL BY WEIGHTED WEIGHTED CUT-OFF AGGREGATE AVERAGE WEIGHTED AVERAGE WTD NUMBER DATE CUT-OFF GROSS AVERAGE ORIGINAL WEIGHTED TOTAL TOTAL AVG WTD WTD AVG OF PRINCIPAL DATE INTEREST REMAINING COMBINED AVERAGE MORTGAGE BALANCE PRINCIPAL RATE TERM LTV FICO CURRENT CURRENT CURRENT AVG AVG MAX DOCUMENTATION LEVEL LOANS ($) BALANCE (%) (MONTHS) (%) SCORE ----------------------------------------------------------------------------------------------------------------------------------- BALANCE BALANCE COUPON MARGIN RATE ---------------------------------------------------------------------------------------------------- Full 211 31,192,332.67 66.02 147,831 10.13 6.114 16.13 ---------------------------------------------------------------------------------------------------- Stated Documentation 1,522 299,171,202 51.18 7.424 349 80.93 650 ----------------------------------------------------------------------------------------------------------------------------------- Full Documentation 1,678 260,928,931 44.64 7.444 351 80.59 608 ----------------------------------------------------------------------------------------------------------------------------------- Limited/Alternate Documentation 137 23,450,626 4.01 7.433 350 79.98 596 ----------------------------------------------------------------------------------------------------------------------------------- No Ratio 5 972,962 0.17 8.055 356 91.41 666 ----------------------------------------------------------------------------------------------------------------------------------- 47 11,025,694.95 23.34 234,589 10.484 6.147 16.48 ---------------------------------------------------------------------------------------------------- Light 22 5,027,964.25 10.64 228,544 10.492 6.621 16.49 ---------------------------------------------------------------------------------------------------- TOTAL: 3,342 584,523,723 100.00 7.434 350 80.76 629 ----------------------------------------------------------------------------------------------------------------------------------- Top280 47,245,991.87 100 168,736 10.251 6.176 16.25 ---------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------- WTD WTD AVG AVG WTD WTD COMB COMB AVG WTD AVG WTD WTD ORIG ORIG MOS AVG STATED WTD AVG AVG LTV LTV TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES DOCUMENTATION LEVEL ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS ------------------------------------------------------------------------------------------- Full 29 358.4 357.6 0.7 74.9 74.9 74.93 75.03 ------------------------------------------------------------------------------------------- Stated Documentation 28 358.8 357.8 1 72.9 72.9 72.93 73.02 ------------------------------------------------------------------------------------------- Light 32 350.7 349.2 1.5 74.5 74.4 74.56 74.57 ------------------------------------------------------------------------------------------- TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51 ------------------------------------------------------------------------------------------- TOP -------------------------------------------------------------------------------