Common use of Principal Balances Clause in Contracts

Principal Balances. Percent of Initial Group Number of Cut-Off Date I HELs by Range of Principal Balances Initial Balance Cut-Off Date ($) Group I HELs Balance $1 to $25,000 1,775 $30,755,291.47 53.78% $25,001 to $50,000 447 16,238,292.60 28.39 $50,001 to $75,000 85 5,197,700.00 9.09 $75,001 to $100,000 44 4,019,500.00 7.03 $100,001 to $125,000 6 688,000.00 1.20 $125,001 to $150,000 2 293,000.00 0.51 - ---------- ---- Total 2,359 $57,191,784.07 100.00% The average principal balance of the Initial Group I HELs as of the Cut-Off Date is approximately $24,244.08. THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT Combined Loan-to-Value Ratios ---------------------- --------------- Percent of Initial Group Range of Combined Number of Cut-Off Date I HELs by Loan-to-Value Initial Balance Cut-Off Date Ratios(%) Group I HELs Balance 0.01% to 40.00% 100 $2,317,131.93 4.05% 40.01% to 50.00% 57 1,403,392.14 2.45 50.01% to 60.00% 99 2,567,902.10 4.49 60.01% to 70.00% 176 4,255,918.94 7.44 70.01% to 80.00% 525 13,435,395.43 23.49 80.01% to 90.00% 816 19,767,914.36 34.56 90.01% to 100.00% 586 13,444,129.17 23.51 --- ------------- ----- Total 2,359 $57,191,784.07 100.00% The minimum and maximum combined loan-to-value ratios of the Initial Group I HELs as of the Cut-Off Date are approximately 5.59% and 100.00%, respectively, and the weighted average combined loan-to-value ratio of the Initial Group I HELs as of the Cut-Off Date is approximately 80.02%.

Principal Balances. Percent of Initial Group II HELOCs by Number of Cut-Off Date I HELs by Cut-Off Date Range of Principal Balances Initial Balance Cut-Off Date Balance ($) Group I HELs Balance II HELOCs $1 to $25,000 1,775 261 $30,755,291.47 53.783,323,762.18 8.44% $25,001 to $50,000 447 16,238,292.60 28.39 256 9,614,223.19 24.43 $50,001 to $75,000 85 5,197,700.00 9.09 123 7,639,672.40 19.41 $75,001 to $100,000 44 4,019,500.00 7.03 58 5,072,675.81 12.89 $100,001 to $125,000 6 688,000.00 1.20 26 2,967,066.63 7.54 $125,001 to $150,000 2 293,000.00 0.51 - ---------- ---- 38 5,386,553.17 13.69 $150,001 to $175,000 4 654,630.79 1.66 $175,001 to $200,000 5 987,488.14 2.51 $200,001 + 12 3,714,390.45 9.44% -- ------------ ----- Total 2,359 783 $57,191,784.07 39,360,462.76 100.00% The average principal balance of the Initial Group I HELs II HELOCs as of the Cut-Off Date is approximately $24,244.0850,268.79. THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT Combined Loan-to-Value Ratios ---------------------- --------------- Percent of Initial Group II HELOCs by Range of Combined Number of Cut-Off Date I HELs by Cut-Off Date Loan-to-Value Initial Balance Cut-Off Date Balance Ratios(%) Group I HELs Balance II HELOCs 0.01% to 40.00% 100 12 $2,317,131.93 4.051,248,165.31 3.17% 40.01% to 50.00% 57 1,403,392.14 2.45 14 1,039,130.15 2.64 50.01% to 60.00% 99 2,567,902.10 4.49 33 3,005,989.66 7.64 60.01% to 70.00% 176 4,255,918.94 7.44 79 4,076,578.80 10.36 70.01% to 80.00% 525 13,435,395.43 23.49 336 16,846,197.09 42.80 80.01% to 90.00% 816 19,767,914.36 34.56 246 10,327,768.78 26.24 90.01% to 100.00% 586 13,444,129.17 23.51 --- ------------- ----- 63 2,816,632.97 7.16 -- ------------ ---- Total 2,359 783 $57,191,784.07 39,360,462.76 100.00% The minimum and maximum combined loan-to-value ratios of the Initial Group I HELs II HELOCs as of the Cut-Off Date are approximately 5.5923.50% and 100.00%, respectively, and the weighted average combined loan-to-value ratio of the Initial Group I HELs II HELOCs as of the Cut-Off Date is approximately 80.0276.51%.. THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT Geographical Distributions Percent of Initial Group Number of Cut-Off Date II Location Initial Balance HELOCs by Group II HELOCs Cut-Off Date Balance California 229 $12,647,347.41 32.13% Michigan 194 8,316,740.19 21.13 New Jersey 52 2,536,869.64 6.45 Connecticut 28 1,659,395.37 4.22 Florida 15 1,629,805.66 4.14 New York 30 1,543,953.42 3.92 Washington 23 1,463,401.89 3.72 Colorado 21 1,212,983.62 3.08 Massachusetts 26 983,077.63 2.50 Illinois 15 818,149.29 2.08 Other 150 6,548,738.64 16.64 --- ------------ ----- Total 783 $39,360,462.76 100.00%