EXHIBIT 99.1
The mortgage loans delivered to the Trust on the Closing Date (the
"Mortgage Loans") will consist of conventional, one-to four- family,
adjustable-rate and fixed-rate mortgage loans. The Depositor will purchase the
Mortgage Loans from the Seller pursuant to the Mortgage Loan Purchase Agreement,
to be dated as of the date of this prospectus supplement (the " Mortgage Loan
Purchase Agreement"), between the Seller and the Depositor. Pursuant to the
Pooling and Servicing Agreement, to be dated as of the Cut-off Date (the
"Pooling and Servicing Agreement"), among the Depositor, the Master Servicer,
the Trustee and the Trust Administrator, the Depositor will cause the Mortgage
Loans to be assigned to the Trustee for the benefit of the certificateholders.
The Mortgage Loans included in loan group I, loan group II and loan
group III (exclusive of the Additional Mortgage Loans) are expected to have
aggregate principal balances as of the Cut-off Date of approximately
$939,456,745.15, $496,883,575.69 and $463,659,783.47, respectively.
The Mortgage Loans will be secured by mortgages or deeds of trust or
other similar security instruments creating first liens and second liens on
residential properties (the "Mortgaged Properties") consisting of attached,
detached or semi-detached one-to four-family dwelling units, individual
condominium units or individual units in planned unit developments and
manufactured housing. The Mortgage Loans will have original terms to maturity of
not greater than 30 years from the date on which the first payment was due on
each Mortgage Loan. Approximately 1.52% of the Group I Mortgage Loans, none of
the Group II Mortgage Loans and approximately 2.05% of the Group III Mortgage
Loans are secured by second liens, in each case by aggregate scheduled principal
balance of the related loan group as of the Cut-off Date.
Each adjustable-rate Mortgage Loan will accrue interest at the
adjustable-rate calculated as specified under the terms of the related mortgage
note and each fixed-rate Mortgage Loan will have a Mortgage Rate that is fixed
for the life of such Mortgage (each such rate, a "Mortgage Rate").
Approximately 90.96% and 9.04% of the Mortgage Loans, in each case, by
aggregate scheduled principal balance as of the Cut-off Date, were originated or
acquired by the Seller's wholesale lending affiliates, Argent Mortgage Company,
LLC ("Argent") and Olympus Mortgage Company ("Olympus"), respectively.
Each adjustable-rate Mortgage Loan will accrue interest at a Mortgage
Rate that is adjustable. The adjustable-rate Mortgage Loans will provide for
semi-annual adjustment to the Mortgage Rate thereon and for corresponding
adjustments to the monthly payment amount due thereon, in each case on each
adjustment date applicable thereto (each such date, an " Adjustment Date");
provided, that the first adjustment for approximately 69.38% of the
adjustable-rate Group I Mortgage Loans, approximately 81.93% of the
adjustable-rate Group II Mortgage Loans and approximately 73.26% of the
adjustable-rate Group III Mortgage Loans will occur after an initial period of
two years after origination, and the first adjustment for approximately 30.62%
of the adjustable-rate Group I Mortgage Loans, approximately 18.07% of the
adjustable-rate Group II Mortgage Loans and approximately 26.74% of the
adjustable-rate Group III Mortgage Loans will occur after an initial period of
three years after origination. On each Adjustment Date for each adjustable-rate
Mortgage Loan, the Mortgage Rate thereon will be adjusted (subject to rounding)
to equal the sum of the applicable Index (as defined below) and a fixed
percentage amount (the " Gross Margin"). The Mortgage Rate on each
adjustable-rate Mortgage Loan will not decrease on the first related Adjustment
Date, will not increase by more than 2% per annum on the first related
Adjustment Date (the "Periodic Rate Cap") and will not increase or decrease by
more than 1% per annum on any
Adjustment Date thereafter (the Periodic Rate Cap"). Each Mortgage Rate on each
adjustable-rate Mortgage Loan will not exceed a specified maximum Mortgage Rate
over the life of such Mortgage Loan (the " Maximum Mortgage Rate") or be less
than a specified minimum Mortgage Rate over the life of such Mortgage Loan (the
" Minimum Mortgage Rate"). Effective with the first monthly payment due on each
adjustable-rate Mortgage Loan after each related Adjustment Date, the monthly
payment amount will be adjusted to an amount that will amortize fully the
outstanding principal balance of the related Mortgage Loan over its remaining
term, and pay interest at the Mortgage Rate as so adjusted. Due to the
application of the Periodic Rate Caps and the Maximum Mortgage Rates, the
Mortgage Rate on each such adjustable-rate Mortgage Loan, as adjusted on any
related Adjustment Date, may be less than the sum of the Index and the related
Gross Margin, rounded as described herein. None of the adjustable-rate Mortgage
Loans permits the related mortgagor to convert the adjustable Mortgage Rate
thereon to a fixed Mortgage Rate.
The Mortgage Loans will have scheduled monthly payments due on the
first day of the month (with respect to each Mortgage Loan, a "Due Date"). Each
Mortgage Loan will contain a customary "due-on-sale" clause which provides that
(subject to state and federal restrictions) the Mortgage Loan must be repaid at
the time of sale of the related mortgaged property or with the consent of the
holder of the mortgage note assumed by a creditworthy purchaser of the related
mortgaged property.
None of the Mortgage Loans will be buydown mortgage loans.
For purposes of calculating interest and principal distributions on the
Class A Certificates, the Mortgage Loans will be divided into three loan groups,
designated as the "Group I Mortgage Loans," the "Group II Mortgage Loans" and
the "Group III Mortgage Loans." Each of the Group I Mortgage Loans and the Group
II Mortgage Loans will consist of adjustable-rate and fixed-rate mortgage loans
with principal balances at origination that conform to Freddie Mac and Xxxxxx
Xxx loan limits and the Group III Mortgage Loans will consist of adjustable-rate
and fixed-rate mortgage loans with principal balances at origination that may or
may not conform to Freddie Mac or Xxxxxx Xxx loan limits.
Approximately 61.82% of the Group I Mortgage Loans, approximately
81.96% of the Group II Mortgage Loans and approximately 67.22% of the Group III
Mortgage Loans, in each case by aggregate scheduled principal balances of the
related loan group as of the Cut-off Date, provide for payment by the mortgagor
of a prepayment charge on certain principal prepayments, subject to certain
limitations in the related mortgage note and limitations upon collection in the
Pooling and Servicing Agreement. Generally, each such Mortgage Loan provides for
payment of a prepayment charge on certain prepayments made within a defined
period set forth in the related Mortgage Note (generally within the first three
years but possibly as short as one year from the date of origination of such
Mortgage Loan). The amount of the prepayment charge is as provided in the
related Mortgage Note. The holders of the Class P Certificates will be entitled
to all prepayment charges received on the Mortgage Loans in each loan group, and
such amounts will not be available for distribution on the other classes of
Certificates. Under certain instances, as described under the terms of the
Pooling and Servicing Agreement, the Master Servicer may waive the payment of
any otherwise applicable prepayment charge. Investors should conduct their own
analysis of the effect, if any, that the prepayment charges, and decisions by
the Master Servicer with respect to the waiver thereof, may have on the
prepayment performance of the Mortgage Loans. The Depositor makes no
representation as to the effect that the prepayment charges, and decisions by
the Master Servicer with respect to the waiver thereof, may have on the
prepayment performance of the Mortgage Loans. As of July 1, 2003, the
Alternative Mortgage Parity Act of 1982 (the "Parity Act"), which regulates the
ability of the Originators to impose prepayment charges, was amended, and as a
result, the Originators will be required to comply with state and local laws in
originating mortgage loans with prepayment charge
provisions with respect to loans originated on or after July 1, 2003. The
Depositor makes no representations as to the effect that the prepayment charges,
decisions by the Master Servicer with respect to the waiver thereof and the
recent amendment of the Parity Act, may have on the prepayment performance of
the Mortgage Loans. However, the ruling of the Office of Thrift Supervision (the
"OTS") does not retroactively affect loans originated before July 1, 2003. See
"Legal Aspects of Mortgage Assets--Enforceability of Certain
Provisions--Prepayment Charges" in the prospectus.
COLLATERAL TYPE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
COLLATERAL TYPE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2-yr Adjustable Rate 6,418 $ 1,118,765,857.22 58.88 359 39.08 7.463 599 83.06
3-yr Adjustable Rate 2,069 401,234,194.39 21.12 359 38.73 7.417 615 83.93
Fixed 2,740 380,000,052.70 20.00 350 38.90 7.100 635 79.01
====================================================================================================================================
TOTAL: 11,227 $ 1,900,000,104.31 100.00 357 38.97 7.380 610 82.43
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
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RANGE OF PRINCIPAL REMAINING
PRINCIPAL NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
BALANCES AT MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
ORIGINATION ($) LOANS ORIGINATION ORIGINATION (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 50,000.00 425 $ 15,458,837.00 0.81 353 36.38 10.432 637 90.49
50,000.01 - 100,000.00 3,212 239,729,684.00 12.61 353 36.18 8.154 601 82.77
100,000.01 - 150,000.00 2,593 322,703,329.00 16.97 356 37.87 7.610 605 82.60
150,000.01 - 200,000.00 1,711 297,895,399.00 15.67 357 39.27 7.455 606 81.28
200,000.01 - 250,000.00 1,147 256,417,975.00 13.48 358 39.95 7.240 611 82.12
250,000.01 - 300,000.00 769 210,600,380.00 11.08 358 40.62 7.095 610 81.93
300,000.01 - 350,000.00 494 159,917,370.00 8.41 358 39.95 6.966 622 82.32
350,000.01 - 400,000.00 325 121,974,645.00 6.41 358 39.03 6.952 617 83.69
400,000.01 - 450,000.00 200 84,707,989.00 4.45 359 39.05 6.954 621 84.47
450,000.01 - 500,000.00 155 74,394,613.00 3.91 358 41.51 7.111 621 84.16
500,000.01 - 550,000.00 64 33,826,500.00 1.78 359 40.81 6.694 607 84.21
550,000.01 - 600,000.00 48 27,619,024.00 1.45 359 39.76 6.814 607 81.61
600,000.01 - 650,000.00 43 26,933,900.00 1.42 359 39.08 7.188 603 83.15
650,000.01 - 700,000.00 12 8,050,250.00 0.42 359 40.30 7.036 586 73.55
700,000.01 - 750,000.00 29 21,278,638.00 1.12 359 35.19 6.819 631 75.21
====================================================================================================================================
TOTAL: 11,227 $ 1,901,508,533.00 100.00 357 38.97 7.380 610 82.43
------------------------------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
PRINCIPAL BALANCES AS OF THE CUT-OFF DATE
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RANGE OF PRINCIPAL REMAINING
PRINCIPAL NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
BALANCES AS OF MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
THE CUT-OFF DATE ($) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 50,000.00 417 $ 15,052,082.92 0.79 353 36.39 10.510 638 91.33
50,000.01 - 100,000.00 3,214 239,355,811.23 12.60 353 36.18 8.157 601 82.77
100,000.01 - 150,000.00 2,602 323,526,321.02 17.03 356 37.87 7.609 605 82.59
150,000.01 - 200,000.00 1,707 297,044,113.66 15.63 357 39.26 7.455 606 81.27
200,000.01 - 250,000.00 1,150 256,937,200.26 13.52 358 39.97 7.239 611 82.12
250,000.01 - 300,000.00 766 209,647,234.01 11.03 358 40.61 7.095 610 81.91
300,000.01 - 350,000.00 495 160,041,603.88 8.42 358 39.95 6.968 621 82.32
350,000.01 - 400,000.00 325 121,855,083.73 6.41 358 39.03 6.952 617 83.69
400,000.01 - 450,000.00 202 85,519,792.42 4.50 358 39.01 6.957 621 84.47
450,000.01 - 500,000.00 153 73,423,821.07 3.86 359 41.59 7.111 621 84.15
500,000.01 - 550,000.00 64 33,798,395.58 1.78 359 40.81 6.694 607 84.21
550,000.01 - 600,000.00 48 27,589,030.95 1.45 359 39.76 6.814 607 81.62
600,000.01 - 650,000.00 43 26,908,786.53 1.42 359 39.08 7.188 603 83.15
650,000.01 - 700,000.00 12 8,042,029.92 0.42 359 40.30 7.037 586 73.55
700,000.01 - 750,000.00 29 21,258,797.13 1.12 359 35.19 6.819 631 75.21
====================================================================================================================================
TOTAL: 11,227 $ 1,900,000,104.31 100.00 357 38.97 7.380 610 82.43
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AS OF THE CUT-OFF DATE
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PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MONTHS MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
REMAINING LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
121 - 180 130 $ 13,852,749.81 0.73 179 37.53 7.049 618 71.07
181 - 240 106 11,946,140.32 0.63 239 37.01 7.255 625 78.19
301 - 360 10,991 1,874,201,214.18 98.64 359 38.99 7.384 610 82.54
====================================================================================================================================
TOTAL: 11,227 $ 1,900,000,104.31 100.00 357 38.97 7.380 610 82.43
------------------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
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PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
CURRENT MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
MORTGAGE RATES (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 159 $ 41,502,817.71 2.18 358 40.95 5.336 631 77.15
5.500 - 5.999 949 241,456,155.71 12.71 356 39.24 5.754 644 76.62
6.000 - 6.499 929 193,530,807.93 10.19 357 39.57 6.247 630 79.06
6.500 - 6.999 1,606 314,305,220.92 16.54 356 39.28 6.745 621 80.84
7.000 - 7.499 1,385 237,393,756.03 12.49 357 39.18 7.237 612 83.57
7.500 - 7.999 2,115 345,923,711.47 18.21 357 38.55 7.752 598 84.88
8.000 - 8.499 1,285 190,361,371.83 10.02 358 39.02 8.226 592 86.12
8.500 - 8.999 1,186 169,940,729.43 8.94 358 38.02 8.712 583 85.58
9.000 - 9.499 549 69,390,510.04 3.65 358 38.11 9.219 574 85.39
9.500 - 9.999 340 44,530,632.56 2.34 358 37.26 9.709 568 83.08
10.000 - 10.499 144 17,311,153.20 0.91 358 39.28 10.216 557 78.34
10.500 - 10.999 156 12,861,593.61 0.68 358 39.49 10.751 594 83.19
11.000 - 11.499 181 10,148,248.82 0.53 353 39.04 11.190 628 92.56
11.500 - 11.999 108 5,217,104.39 0.27 351 40.31 11.665 621 92.30
12.000 - 12.499 96 4,481,498.73 0.24 356 38.54 12.215 629 98.79
12.500 - 12.999 39 1,644,791.93 0.09 358 40.82 12.596 623 95.93
====================================================================================================================================
TOTAL: 11,227 $ 1,900,000,104.31 100.00 357 38.97 7.380 610 82.43
------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
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PRINCIPAL REMAINING
RANGE OF ORIGINAL NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
LOAN-TO-VALUE MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
RATIOS (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 25.00 19 $ 1,552,335.41 0.08 293 35.64 6.952 617 19.45
25.01 - 30.00 17 2,178,625.42 0.11 342 33.59 8.183 576 27.51
30.01 - 35.00 24 3,090,548.50 0.16 352 37.44 6.469 635 33.03
35.01 - 40.00 32 4,591,856.01 0.24 357 40.71 6.860 611 38.29
40.01 - 45.00 47 6,865,766.56 0.36 356 39.91 6.864 590 42.84
45.01 - 50.00 95 14,100,155.57 0.74 346 36.53 6.870 597 48.13
50.01 - 55.00 145 24,736,863.72 1.30 352 38.78 6.751 595 53.01
55.01 - 60.00 204 34,527,297.47 1.82 354 38.83 7.082 594 58.15
60.01 - 65.00 400 73,985,407.44 3.89 354 38.80 7.051 592 63.49
65.01 - 70.00 615 112,150,811.86 5.90 357 39.58 7.180 588 68.66
70.01 - 75.00 929 162,475,588.77 8.55 355 39.88 7.344 577 73.99
75.01 - 80.00 2,322 404,660,179.90 21.30 357 38.82 6.945 617 79.58
80.01 - 85.00 1,374 248,108,932.46 13.06 357 38.94 7.188 594 84.42
85.01 - 90.00 2,835 470,758,996.93 24.78 358 38.49 7.631 609 89.74
90.01 - 95.00 1,465 282,519,260.88 14.87 358 39.71 7.640 638 94.80
95.01 - 100.00 704 53,697,477.41 2.83 356 37.76 9.732 668 99.98
====================================================================================================================================
TOTAL: 11,227 $ 1,900,000,104.31 100.00 357 38.97 7.380 610 82.43
------------------------------------------------------------------------------------------------------------------------------------
(1) The loan-to-value ("OLTV") of a first-lien mortgage at any given time is a
fraction, expressed as a percentage, the numerator of which is the principal
balance of the mortgage loan at the date of origination and the denominator of
which is the lesser of the sales price of the related mortgage property and its
appraised value determined in an appraisal obtained by the originator at
origination of the mortgage loan. The OLTV of a second lien mortgage loan at any
given time is a fraction, expressed as a percentage the numerator of which is
(i) the sum of (a) the principal balance of such mortgage loan at the date of
origination plus (b) the outstanding balance of the senior mortgage loan at the
date of origination of such mortgage loan and the denominator of which is (ii)
the lesser of the sales price of the related mortgage property and its appraised
value determined in an appraisal obtained by the originator at origination of
the mortgage loan.
FICO SCORE AT ORIGINATION
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PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
FICO MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
SCORES LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
500 - 519 643 $ 93,831,560.81 4.94 358 41.03 8.360 510 75.34
520 - 539 949 155,261,736.76 8.17 358 39.98 8.112 530 76.98
540 - 559 1,233 195,409,048.70 10.28 358 39.46 7.866 551 80.41
560 - 579 979 167,437,056.48 8.81 357 39.34 7.677 569 80.52
580 - 599 1,216 207,567,845.85 10.92 356 39.82 7.364 589 82.45
600 - 619 1,490 263,303,518.24 13.86 356 38.52 7.181 609 84.24
620 - 639 1,516 260,102,924.75 13.69 357 39.29 7.102 629 84.39
640 - 659 1,132 192,032,370.24 10.11 357 38.60 7.023 649 84.23
660 - 679 721 125,090,528.89 6.58 357 37.57 6.985 669 84.78
680 - 699 549 98,632,664.99 5.19 356 37.63 6.987 689 85.35
700 - 719 337 58,410,610.51 3.07 356 37.04 7.043 709 85.87
720 - 739 224 38,693,173.16 2.04 359 38.01 6.866 729 85.40
740 - 759 123 21,568,093.11 1.14 356 36.43 6.956 748 82.76
760 - 779 75 16,014,688.92 0.84 357 36.86 6.712 769 82.43
780 - 799 35 5,563,615.79 0.29 357 35.59 6.520 787 81.03
800 - 819 5 1,080,667.11 0.06 358 26.99 6.926 804 79.63
====================================================================================================================================
TOTAL: 11,227 $ 1,900,000,104.31 100.00 357 38.97 7.380 610 82.43
------------------------------------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
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PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
DEBT-TO-INCOME MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
RATIOS (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 20.00 695 $ 103,606,565.11 5.45 357 14.06 7.489 620 81.95
20.01 - 25.00 629 93,461,219.11 4.92 357 23.18 7.439 613 81.02
25.01 - 30.00 1,011 144,054,294.12 7.58 355 28.19 7.480 611 81.87
30.01 - 35.00 1,439 229,446,414.82 12.08 356 33.10 7.413 611 81.55
35.01 - 40.00 2,025 327,032,670.96 17.21 357 38.11 7.416 615 83.03
40.01 - 45.00 2,626 460,000,821.12 24.21 357 43.13 7.323 617 83.66
45.01 - 50.00 2,401 465,038,074.52 24.48 357 48.08 7.352 601 84.18
50.01 - 55.00 401 77,360,044.55 4.07 358 53.01 7.247 578 68.09
====================================================================================================================================
TOTAL: 11,227 $ 1,900,000,104.31 100.00 357 38.97 7.380 610 82.43
------------------------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
STATE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
California 2,090 $ 557,072,103.59 29.32 357 40.63 6.744 612 78.29
Illinois 1,554 266,246,009.70 14.01 359 39.30 7.583 621 85.06
Florida 1,177 170,844,707.36 8.99 357 38.78 7.597 605 82.83
New Jersey 508 122,958,565.06 6.47 358 39.33 7.520 610 84.32
Ohio 959 95,176,066.78 5.01 355 37.81 7.688 597 86.80
Michigan 642 68,977,082.07 3.63 359 36.47 7.988 597 84.82
New York 207 61,232,612.66 3.22 355 39.50 7.497 616 82.25
Arizona 510 60,601,047.93 3.19 355 38.17 7.652 610 85.97
Nevada 268 49,056,375.85 2.58 357 38.96 7.419 609 80.71
Massachusetts 175 43,328,883.84 2.28 358 37.15 7.191 619 82.47
Texas 327 39,444,048.51 2.08 348 36.90 8.229 600 84.74
Maryland 149 28,379,551.49 1.49 356 37.98 7.738 582 78.69
Minnesota 157 28,098,206.37 1.48 359 37.98 7.366 610 84.69
Colorado 158 27,359,019.21 1.44 359 36.66 7.188 612 85.46
Pennsylvania 240 27,087,783.55 1.43 356 38.35 7.785 592 83.31
Washington 167 26,909,124.69 1.42 358 35.94 7.423 613 81.88
Indiana 270 22,494,158.94 1.18 358 35.89 7.998 601 85.51
Missouri 217 20,542,719.48 1.08 358 36.76 8.283 588 86.10
Connecticut 97 18,637,770.80 0.98 358 38.73 7.665 606 82.70
Georgia 132 17,767,861.97 0.94 356 36.79 8.349 613 86.75
Other 1,223 147,786,404.46 7.78 355 37.71 7.740 609 84.04
====================================================================================================================================
TOTAL: 11,227 $ 1,900,000,104.31 100.00 357 38.97 7.380 610 82.43
------------------------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
OCCUPANCY MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
STATUS* LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 9,825 $ 1,718,616,214.26 90.45 357 39.63 7.324 606 82.18
Non-owner Occupied 1,310 163,786,898.99 8.62 358 32.09 7.959 643 85.19
Second Home 92 17,596,991.06 0.93 356 39.00 7.534 628 81.64
====================================================================================================================================
TOTAL: 11,227 $ 1,900,000,104.31 100.00 357 38.97 7.380 610 82.43
------------------------------------------------------------------------------------------------------------------------------------
* Based on mortgagor representation at origination.
DOCUMENTATION TYPE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
INCOME MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
DOCUMENTATION LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Full Docs 5,968 942,727,918.24 49.62 356 39.62 7.086 599 81.10
Stated Docs 4,519 812,387,131.49 42.76 358 39.03 7.730 625 83.95
Limited Docs 740 144,885,054.58 7.63 357 34.42 7.335 597 82.60
====================================================================================================================================
TOTAL: 11,227 1,900,000,104.31 100.00 357 38.97 7.380 610 82.43
------------------------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
PURPOSE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Refi-Cash Out** 6,568 $ 1,190,393,077.55 62.65 356 39.50 7.220 597 79.67
Purchase 4,052 622,203,358.82 32.75 359 38.11 7.704 635 87.80
Refi-No Cashout*** 607 87,403,667.94 4.60 355 37.94 7.261 611 81.78
====================================================================================================================================
TOTAL: 11,227 $ 1,900,000,104.31 100.00 357 38.97 7.380 610 82.43
------------------------------------------------------------------------------------------------------------------------------------
** Cash proceeds to the borrower inclusive of debt consolidation payments exceed
2% or $2,000 of the original principal balance of the related loan. Also
includes all home equity loans originated in Texas with any cash proceeds.
***Cash proceeds to the borrower inclusive of debt consolidation payments do not
exceed 2% or $2,000 of the original principal balance of the related loan.
Excludes home equity loans originated in Texas with any cash proceeds.
CREDIT GRADE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
RISK CATEGORY LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
1 7,526 $ 1,255,287,064.48 66.07 357 38.72 7.231 624 84.11
2 757 139,373,152.86 7.34 357 39.64 7.392 585 81.15
3 864 139,944,244.26 7.37 358 38.08 7.521 575 81.12
4 666 109,011,423.48 5.74 357 39.77 7.853 566 78.61
5 357 63,004,494.29 3.32 357 39.68 8.019 553 70.30
6 117 21,505,993.06 1.13 358 41.31 9.548 546 66.25
A+ 525 94,662,479.58 4.98 357 38.92 7.214 623 82.76
A 188 32,506,216.25 1.71 356 40.77 7.262 616 78.52
A- 41 8,328,705.72 0.44 358 42.18 8.420 558 79.26
B 64 11,683,849.48 0.61 351 40.76 8.412 566 77.36
C 50 8,968,907.07 0.47 359 41.57 9.193 543 70.51
C- 72 15,723,573.78 0.83 359 41.63 8.059 601 86.83
====================================================================================================================================
TOTAL: 11,227 $ 1,900,000,104.31 100.00 357 38.97 7.380 610 82.43
------------------------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
PROPERTY TYPE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Single Family Detached 8,404 $ 1,408,715,990.68 74.14 357 39.12 7.328 606 82.20
Two-to-Four Family 808 169,695,267.90 8.93 358 37.85 7.591 637 83.80
PUD Detached 747 147,220,772.29 7.75 357 38.99 7.582 604 83.42
Condominium 748 115,031,292.21 6.05 359 39.09 7.420 625 84.00
Manufactured Housing 460 49,767,579.64 2.62 354 37.86 7.346 617 77.25
PUD Attached 49 7,877,621.26 0.41 359 40.61 7.980 618 84.57
Single Family Attached 11 1,691,580.33 0.09 359 38.94 8.036 584 86.77
====================================================================================================================================
TOTAL: 11,227 $ 1,900,000,104.31 100.00 357 38.97 7.380 610 82.43
------------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE PRINCIPAL REMAINING
TERM AT NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
ORIGINATION MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
(MONTHS) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
0 3,645 $ 600,322,947.09 31.60 357 39.00 7.732 613 84.53
12 331 76,581,428.32 4.03 356 39.17 7.571 620 81.42
24 3,794 639,681,801.38 33.67 358 38.83 7.460 600 82.50
36 3,457 583,413,927.52 30.71 355 39.07 6.907 615 80.33
====================================================================================================================================
TOTAL: 11,227 $ 1,900,000,104.31 100.00 357 38.97 7.380 610 82.43
------------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
CONFORMING BALANCE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Conforming Balance 10,488 $ 1,555,939,385.73 81.89 357 38.83 7.478 609 82.34
------------------------------------------------------------------------------------------------------------------------------------
Non-Conforming Balance 739 344,060,718.58 18.11 358 39.59 6.941 612 82.87
====================================================================================================================================
TOTAL: 11,227 $ 1,900,000,104.31 100.00 357 38.97 7.380 610 82.43
------------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
RANGE OF MAXIMUM MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
MORTGAGE RATES (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 152 $ 38,992,337.88 2.57 358 41.01 5.334 627 77.13
11.500 - 11.999 558 136,362,546.92 8.97 358 39.15 5.752 631 79.90
12.000 - 12.499 646 140,301,915.47 9.23 359 39.49 6.248 628 80.82
12.500 - 12.999 1,205 250,428,482.91 16.48 359 39.33 6.753 618 81.98
13.000 - 13.499 1,110 201,187,571.27 13.24 359 39.19 7.239 611 83.79
13.500 - 13.999 1,784 304,947,600.71 20.06 359 38.57 7.756 597 85.31
14.000 - 14.499 1,056 165,377,248.46 10.88 359 39.09 8.229 589 86.19
14.500 - 14.999 1,016 152,281,462.13 10.02 359 38.20 8.713 582 85.51
15.000 - 15.499 480 63,712,427.65 4.19 358 38.33 9.218 571 85.08
15.500 - 15.999 280 39,333,249.25 2.59 359 37.66 9.713 562 82.17
16.000 - 16.499 103 14,993,128.18 0.99 359 39.84 10.219 549 76.27
16.500 - 16.999 52 7,937,821.54 0.52 359 40.87 10.743 548 73.20
17.000 - 17.499 24 2,503,209.84 0.16 359 37.99 11.176 524 74.21
17.500 - 17.999 15 1,235,609.80 0.08 359 41.30 11.664 534 70.41
18.000 - 18.499 3 201,883.42 0.01 359 39.58 12.097 519 76.01
18.500 - 18.999 3 203,556.18 0.01 358 36.23 12.626 529 67.08
====================================================================================================================================
TOTAL: 8,487 $ 1,520,000,051.61 100.00 359 38.99 7.451 603 83.29
------------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
RANGE OF MINIMUM MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
MORTGAGE RATES (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 152 $ 38,992,337.88 2.57 358 41.01 5.334 627 77.13
5.500 - 5.999 558 136,362,546.92 8.97 358 39.15 5.752 631 79.90
6.000 - 6.499 646 140,301,915.47 9.23 359 39.49 6.248 628 80.82
6.500 - 6.999 1,205 250,428,482.91 16.48 359 39.33 6.753 618 81.98
7.000 - 7.499 1,110 201,187,571.27 13.24 359 39.19 7.239 611 83.79
7.500 - 7.999 1,784 304,947,600.71 20.06 359 38.57 7.756 597 85.31
8.000 - 8.499 1,056 165,377,248.46 10.88 359 39.09 8.229 589 86.19
8.500 - 8.999 1,016 152,281,462.13 10.02 359 38.20 8.713 582 85.51
9.000 - 9.499 480 63,712,427.65 4.19 358 38.33 9.218 571 85.08
9.500 - 9.999 280 39,333,249.25 2.59 359 37.66 9.713 562 82.17
10.000 - 10.499 103 14,993,128.18 0.99 359 39.84 10.219 549 76.27
10.500 - 10.999 52 7,937,821.54 0.52 359 40.87 10.743 548 73.20
11.000 - 11.499 24 2,503,209.84 0.16 359 37.99 11.176 524 74.21
11.500 - 11.999 15 1,235,609.80 0.08 359 41.30 11.664 534 70.41
12.000 - 12.499 3 201,883.42 0.01 359 39.58 12.097 519 76.01
12.500 - 12.999 3 203,556.18 0.01 358 36.23 12.626 529 67.08
====================================================================================================================================
TOTAL: 8,487 $ 1,520,000,051.61 100.00 359 38.99 7.451 603 83.29
------------------------------------------------------------------------------------------------------------------------------------
MARGINS OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
RANGE OF MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
MARGINS (%) ) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 44 $ 7,217,950.10 0.47 359 36.54 7.230 604 85.19
5.000 - 5.249 1,351 242,038,778.02 15.92 359 39.31 7.554 621 85.10
5.500 - 5.749 663 121,761,661.15 8.01 359 40.20 7.698 602 82.73
6.000 - 6.249 6,344 1,134,775,593.42 74.66 359 38.82 7.384 601 83.04
6.250 - 6.499 1 54,428.29 0.00 360 51.00 9.200 551 80.00
6.500 - 6.749 45 7,601,060.71 0.50 359 37.82 8.701 560 78.74
7.000 - 7.249 39 6,550,579.92 0.43 359 38.69 9.383 547 73.46
====================================================================================================================================
TOTAL: 8,487 $ 1,520,000,051.61 100.00 359 38.99 7.451 603 83.29
------------------------------------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
NEXT RATE MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
ADJUSTMENT DATE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2006-06 1 $ 261,110.07 0.02 353 49.00 9.200 514 75.00
2006-07 8 2,100,253.62 0.14 354 34.64 6.125 583 71.53
2006-08 9 1,431,473.75 0.09 355 39.98 5.991 612 82.66
2006-09 65 14,351,158.03 0.94 356 41.21 6.741 607 81.53
2006-10 76 19,281,887.51 1.27 357 37.80 7.926 582 82.74
2006-11 819 116,313,002.67 7.65 357 38.37 7.539 598 82.79
2006-12 3,848 708,755,812.85 46.63 359 39.05 7.462 598 82.79
2007-01 1,407 231,842,673.00 15.25 360 39.27 7.408 607 84.32
2007-02 185 24,428,485.72 1.61 360 41.64 7.867 585 82.27
2007-08 3 886,444.02 0.06 355 51.12 5.511 618 73.46
2007-09 22 5,376,322.11 0.35 356 39.83 6.303 627 79.88
2007-10 31 8,031,295.16 0.53 357 40.44 7.414 610 86.44
2007-11 176 29,373,360.63 1.93 358 37.63 7.618 600 82.10
2007-12 1,303 261,307,793.48 17.19 359 38.67 7.438 611 83.89
2008-01 449 82,621,783.00 5.44 360 38.63 7.285 632 84.65
2008-02 85 13,637,195.99 0.90 360 40.73 7.941 623 85.28
====================================================================================================================================
TOTAL: 8,487 $ 1,520,000,051.61 100.00 359 38.99 7.451 603 83.29
------------------------------------------------------------------------------------------------------------------------------------
PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
PERIODIC MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
RATE CAP (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2.000 8,487 $ 1,520,000,051.61 100.00 359 38.99 7.451 603 83.29
====================================================================================================================================
Total: 8,487 $ 1,520,000,051.61 100.00 359 38.99 7.451 603 83.29
------------------------------------------------------------------------------------------------------------------------------------
PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
SUBSEQUENT NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
PERIODIC MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
RATE CAP (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
1.000 8,487 $ 1,520,000,051.61 100.00 359 38.99 7.451 603 83.29
====================================================================================================================================
Total: 8,487 $ 1,520,000,051.61 100.00 359 38.99 7.451 603 83.29
------------------------------------------------------------------------------------------------------------------------------------
GROUP I MORTGAGE LOAN STATISTICS
The Group I Mortgage Loans consist of 5,737 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $939,456,745.15 after application of scheduled
payments due on or before the Cut-off Date whether or not received and
application of all unscheduled payments of principal received prior to the
Cut-off Date, and subject to a permitted variance of plus or minus 5.00%. None
of the Group I Mortgage Loans had a first Due Date prior to July 1, 2004 or
after March 1, 2005 or will have a remaining term to stated maturity of less
than 177 months or greater than 360 months as of the Cut-off Date. The latest
maturity date of any Group I Mortgage Loan is February 1, 2035.
COLLATERAL TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
COLLATERAL TYPE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2-yr Adjustable Rate 3,058 $ 526,936,146.98 56.09 359 41.10 7.434 604 83.55
3-year Adjustable Rate 1,286 232,508,649.39 24.75 359 40.62 7.383 617 83.76
Fixed 1,393 180,011,948.78 19.16 350 40.61 7.193 633 78.50
====================================================================================================================================
TOTAL: 5,737 $ 939,456,745.15 100.00 357 40.89 7.375 613 82.64
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
RANGE OF PRINCIPAL REMAINING
PRINCIPAL NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
BALANCES AT MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
ORIGINATION ($) LOANS ORIGINATION ORIGINATION (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 50,000.00 284 $ 9,542,303.00 1.02 356 39.06 11.172 652 97.33
50,000.01 - 100,000.00 986 76,367,397.00 8.12 352 39.72 8.065 608 83.95
100,000.01 - 150,000.00 1,479 185,512,617.00 19.73 356 39.63 7.520 607 82.84
150,000.01 - 200,000.00 1,228 214,328,746.00 22.80 357 40.81 7.399 608 81.50
200,000.01 - 250,000.00 879 196,444,856.00 20.90 358 41.46 7.200 613 82.54
250,000.01 - 300,000.00 599 163,963,468.00 17.44 358 41.90 7.051 613 82.11
300,000.01 - 350,000.00 224 70,734,362.00 7.52 359 41.80 6.990 630 83.15
350,000.01 - 400,000.00 38 14,132,445.00 1.50 359 41.19 7.223 632 85.23
400,000.01 - 450,000.00 10 4,133,950.00 0.44 359 41.96 6.857 657 83.03
450,000.01 - 500,000.00 9 4,313,500.00 0.46 359 44.74 7.096 676 80.78
600,000.01 - 650,000.00 1 607,500.00 0.06 359 27.00 6.450 670 90.00
====================================================================================================================================
TOTAL: 5,737 $ 940,081,144.00 100.00 357 40.89 7.375 613 82.64
------------------------------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AS OF THE CUT-OFF DATE ($)
------------------------------------------------------------------------------------------------------------------------------------
RANGE OF PRINCIPAL REMAINING
PRINCIPAL NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
BALANCES AS OF THE MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
CUT-OFF DATE ($) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 50,000.00 280 $ 9,339,636.34 0.99 355 39.14 11.246 653 98.40
50,000.01 - 100,000.00 987 76,220,597.90 8.11 352 39.72 8.068 608 83.88
100,000.01 - 150,000.00 1,485 186,141,519.27 19.81 356 39.63 7.519 607 82.87
150,000.01 - 200,000.00 1,225 213,737,470.19 22.75 357 40.82 7.398 608 81.47
200,000.01 - 250,000.00 881 196,812,458.25 20.95 358 41.47 7.198 613 82.56
250,000.01 - 300,000.00 596 163,052,134.07 17.36 358 41.89 7.050 613 82.09
300,000.01 - 350,000.00 225 70,983,978.24 7.56 359 41.80 6.996 630 83.13
350,000.01 - 400,000.00 38 14,123,102.41 1.50 359 41.19 7.223 632 85.23
400,000.01 - 450,000.00 10 4,129,981.50 0.44 359 41.96 6.857 657 83.03
450,000.01 - 500,000.00 9 4,308,921.53 0.46 359 44.74 7.096 676 80.77
600,000.01 - 650,000.00 1 606,945.45 0.06 359 27.00 6.450 670 90.00
====================================================================================================================================
TOTAL: 5,737 $ 939,456,745.15 100.00 357 40.89 7.375 613 82.64
------------------------------------------------------------------------------------------------------------------------------------
REMAINING TERM TO MATURITY
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MONTHS MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
REMAINING LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
121 - 180 59 $ 6,756,661.84 0.72 179 38.52 7.053 623 69.72
181 - 240 51 5,886,105.17 0.63 240 38.94 6.900 626 74.28
301 - 360 5,627 926,813,978.14 98.65 359 40.92 7.380 613 82.78
====================================================================================================================================
TOTAL: 5,737 $ 939,456,745.15 100.00 357 40.89 7.375 613 82.64
------------------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
CURRENT MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
MORTGAGE RATES (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 30 $ 6,179,185.03 0.66 357 40.40 5.418 647 75.77
5.500 - 5.999 521 105,635,202.27 11.24 355 40.72 5.769 641 75.59
6.000 - 6.499 553 107,329,285.71 11.42 357 40.98 6.249 634 78.36
6.500 - 6.999 936 174,000,843.89 18.52 356 40.99 6.740 627 80.68
7.000 - 7.499 792 134,841,651.94 14.35 358 40.89 7.239 614 83.65
7.500 - 7.999 1,058 172,570,831.46 18.37 358 40.88 7.749 600 85.41
8.000 - 8.499 605 94,104,283.46 10.02 358 41.12 8.223 594 86.90
8.500 - 8.999 471 71,500,901.65 7.61 358 40.46 8.717 584 86.59
9.000 - 9.499 223 30,323,154.88 3.23 359 40.95 9.242 574 86.22
9.500 - 9.999 125 17,825,547.00 1.90 359 41.53 9.703 570 84.06
10.000 - 10.499 52 6,073,584.74 0.65 359 39.56 10.212 559 82.00
10.500 - 10.999 85 6,416,200.30 0.68 359 42.46 10.758 593 81.72
11.000 - 11.499 118 5,575,262.74 0.59 352 40.25 11.182 642 94.50
11.500 - 11.999 76 3,378,328.10 0.36 352 40.46 11.662 630 93.92
12.000 - 12.499 63 2,570,390.09 0.27 354 39.21 12.237 632 99.54
12.500 - 12.999 29 1,132,091.89 0.12 356 41.00 12.602 628 97.76
====================================================================================================================================
TOTAL: 5,737 $ 939,456,745.15 100.00 357 40.89 7.375 613 82.64
------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
ORIGINAL MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
LOAN-TO-VALUE RATIOS (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 25.00 10 $ 836,167.68 0.09 306 39.67 7.367 607 19.41
25.01 - 30.00 7 709,678.55 0.08 316 37.51 6.820 606 28.35
30.01 - 35.00 12 1,587,401.10 0.17 345 41.95 6.488 637 33.35
35.01 - 40.00 19 2,838,639.94 0.30 355 41.82 6.544 634 37.96
40.01 - 45.00 15 2,305,050.49 0.25 355 45.51 6.355 620 42.45
45.01 - 50.00 50 7,591,308.02 0.81 346 40.13 6.931 587 48.01
50.01 - 55.00 81 14,851,411.33 1.58 351 41.53 6.650 597 53.00
55.01 - 60.00 94 16,410,517.40 1.75 356 42.35 6.984 603 58.13
60.01 - 65.00 161 29,172,969.76 3.11 351 40.74 7.067 586 63.43
65.01 - 70.00 292 53,687,295.65 5.71 357 41.75 7.060 591 68.69
70.01 - 75.00 410 72,509,155.72 7.72 355 42.21 7.334 580 73.85
75.01 - 80.00 1,333 231,567,846.35 24.65 358 40.31 6.913 624 79.61
80.01 - 85.00 558 97,342,655.65 10.36 358 40.60 7.307 587 84.43
85.01 - 90.00 1,386 227,834,780.20 24.25 358 40.89 7.628 609 89.75
90.01 - 95.00 841 150,140,573.32 15.98 359 41.15 7.637 639 94.80
95.01 - 100.00 468 30,071,293.99 3.20 357 39.12 9.791 664 99.99
====================================================================================================================================
TOTAL: 5,737 $ 939,456,745.15 100.00 357 40.89 7.375 613 82.64
------------------------------------------------------------------------------------------------------------------------------------
(1) The loan-to-value ("OLTV") of a first-lien mortgage at any given time is a
fraction, expressed as a percentage, the numerator of which is the principal
balance of the mortgage loan at the date of origination and the denominator of
which is the lesser of the sales price of the related mortgage property and its
appraised value determined in an appraisal obtained by the originator at
origination of the mortgage loan. The OLTV of a second lien mortgage loan at
any given time is a fraction, expressed as a percentage the numerator of which
is (i) the sum of (a) the principal balance of such mortgage loan at the date
of origination plus (b) the outstanding balance of the senior mortgage loan at
the date of origination of such mortgage loan and the denominator of which is
(ii) the lesser of the sales price of the related mortgage property and its
appraised value determined in an appraisal obtained by the originator at
origination of the mortgage loan.
FICO SCORE AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
FICO MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
SCORES LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
500 - 519 273 $ 43,126,431.89 4.59 359 42.23 8.345 510 76.67
520 - 539 403 67,793,635.74 7.22 358 42.58 8.038 529 77.56
540 - 559 587 93,179,069.63 9.92 358 41.38 7.818 551 81.22
560 - 579 444 72,791,187.67 7.75 356 41.32 7.668 569 80.12
580 - 599 607 102,671,804.85 10.93 357 41.70 7.432 589 82.62
600 - 619 766 126,512,746.29 13.47 357 40.68 7.217 609 83.83
620 - 639 879 145,749,456.89 15.51 357 40.48 7.064 629 83.60
640 - 659 629 100,311,335.45 10.68 357 40.59 7.107 649 84.76
660 - 679 395 61,316,274.20 6.53 358 39.79 7.063 669 84.42
680 - 699 329 54,021,351.78 5.75 356 39.97 7.032 689 84.41
700 - 719 175 29,460,279.22 3.14 356 39.34 7.131 709 85.86
720 - 739 124 20,421,815.99 2.17 359 39.83 6.974 728 85.03
740 - 759 73 12,491,534.12 1.33 356 39.85 7.097 749 86.75
760 - 779 36 6,744,922.86 0.72 355 39.16 6.764 767 83.17
780 - 799 15 2,666,620.39 0.28 354 38.95 6.584 788 86.46
800 - 819 2 198,278.18 0.02 359 34.78 5.969 805 86.09
====================================================================================================================================
TOTAL: 5,737 $ 939,456,745.15 100.00 357 40.89 7.375 613 82.64
DEBT-TO-INCOME RATIO
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
DEBT-TO-INCOME MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
RATIOS (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
20.01 - 25.00 79 $ 11,342,712.49 1.21 357 25.00 7.320 620 82.55
25.01 - 30.00 544 81,027,232.10 8.62 355 28.20 7.460 615 82.12
30.01 - 35.00 797 124,359,084.97 13.24 355 33.11 7.379 615 81.72
35.01 - 40.00 1,220 194,518,713.19 20.71 358 38.15 7.341 621 83.57
40.01 - 45.00 1,588 257,076,473.26 27.36 358 43.12 7.336 621 83.37
45.01 - 50.00 1,289 230,849,443.42 24.57 357 48.06 7.439 600 84.28
50.01 - 55.00 220 40,283,085.72 4.29 358 52.80 7.254 580 67.94
====================================================================================================================================
TOTAL: 5,737 $ 939,456,745.15 100.00 357 40.89 7.375 613 82.64
------------------------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
STATE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
California 976 $ 211,871,779.51 22.55 357 41.94 6.784 615 76.92
Illinois 1,185 196,510,303.48 20.92 359 40.79 7.514 621 84.77
Florida 583 88,408,972.22 9.41 358 40.59 7.478 608 83.57
New Jersey 349 71,473,018.20 7.61 358 40.53 7.545 610 83.94
Ohio 388 43,963,218.98 4.68 355 40.63 7.530 599 88.22
Arizona 215 27,770,865.67 2.96 355 40.39 7.653 613 87.12
Michigan 211 27,012,675.41 2.88 359 40.56 7.799 598 86.40
Nevada 144 25,808,122.69 2.75 357 41.43 7.172 619 80.09
Massachusetts 117 23,992,129.08 2.55 359 40.51 7.302 620 82.28
New York 100 20,379,442.11 2.17 351 41.68 7.399 623 75.93
Minnesota 113 20,224,386.09 2.15 359 40.53 7.264 603 83.84
Texas 171 20,062,268.12 2.14 344 40.33 8.114 601 85.27
Colorado 94 15,088,167.35 1.61 359 40.77 7.235 616 86.28
Pennsylvania 89 12,057,792.13 1.28 357 40.50 7.516 598 84.63
Maryland 65 10,826,869.59 1.15 352 38.57 7.852 585 77.39
Connecticut 60 10,349,755.52 1.10 359 42.63 7.465 605 79.46
Washington 62 9,582,578.73 1.02 359 37.01 7.440 607 82.35
Missouri 90 9,540,700.03 1.02 359 40.78 8.203 597 87.61
Georgia 74 8,985,071.01 0.96 356 40.86 8.409 604 86.83
Kentucky 77 8,635,910.83 0.92 357 40.14 7.518 595 86.66
Other 574 76,912,718.40 8.19 357 40.15 7.633 617 84.87
====================================================================================================================================
TOTAL: 5,737 $ 939,456,745.15 100.00 357 40.89 7.375 613 82.64
------------------------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
OCCUPANCY MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
STATUS* LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 5,200 $ 861,736,806.27 91.73 357 41.08 7.331 610 82.35
Non-owner Occupied 498 70,585,860.70 7.51 358 38.48 7.903 646 85.75
Second Home 39 7,134,078.18 0.76 353 42.08 7.412 650 86.50
====================================================================================================================================
TOTAL: 5,737 $ 939,456,745.15 100.00 357 40.89 7.375 613 82.64
------------------------------------------------------------------------------------------------------------------------------------
* Based on mortgagor representation at origination.
DOCUMENTATION TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
INCOME MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
DOCUMENTATION LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Full Docs 2,929 $ 462,304,852.81 49.21 356 41.36 7.104 599 81.55
Stated Docs 2,503 423,926,791.95 45.12 358 40.44 7.677 630 83.62
Limited Docs 305 53,225,100.39 5.67 357 40.37 7.323 596 84.30
====================================================================================================================================
TOTAL: 5,737 $ 939,456,745.15 100.00 357 40.89 7.375 613 82.64
------------------------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
PURPOSE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Refi-Cash Out** 3,124 $ 551,243,814.92 58.68 356 41.36 7.227 597 79.64
Purchase 2,275 339,643,698.81 36.15 359 40.14 7.623 639 87.33
Refi-No Cashout*** 338 48,569,231.42 5.17 356 40.86 7.319 608 83.84
====================================================================================================================================
TOTAL: 5,737 $ 939,456,745.15 100.00 357 40.89 7.375 613 82.64
------------------------------------------------------------------------------------------------------------------------------------
** Cash proceeds to the borrower inclusive of debt consolidation payments exceed
2% or $2,000 of the original principal balance of the related loan. Also
includes all home equity loans originated in Texas with any cash proceeds.
***Cash proceeds to the borrower inclusive of debt consolidation payments do not
exceed 2% or $2,000 of the original principal balance of the related loan.
Excludes home equity loans originated in Texas with any cash proceeds.
CREDIT GRADE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
RISK CATEGORY LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
1 3,966 $ 637,212,020.40 67.83 357 40.61 7.249 625 84.16
2 365 65,089,047.51 6.93 357 41.32 7.422 587 81.45
3 397 65,314,862.46 6.95 359 40.89 7.413 576 81.07
4 306 47,899,983.60 5.10 358 42.15 7.918 570 78.80
5 170 28,854,120.90 3.07 358 42.63 8.005 553 70.18
6 47 7,756,897.24 0.83 357 43.48 9.971 546 66.02
A+ 275 50,344,682.96 5.36 357 40.34 7.118 632 82.98
A 104 16,746,274.38 1.78 355 42.31 7.251 623 77.76
A- 16 2,823,765.84 0.30 359 42.31 8.958 555 81.55
B 35 6,563,965.35 0.70 351 41.97 8.388 565 75.27
C 20 3,735,252.70 0.40 359 43.27 9.371 537 69.47
C- 36 7,115,871.81 0.76 359 41.97 8.377 601 89.35
====================================================================================================================================
TOTAL: 5,737 $ 939,456,745.15 100.00 357 40.89 7.375 613 82.64
------------------------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
PROPERTY TYPE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Single Family Detached 4,303 $ 683,735,198.85 72.78 357 41.02 7.324 608 82.30
Two-to-Four Family 493 106,805,605.11 11.37 359 40.43 7.483 640 82.85
PUD Detached 440 76,100,173.94 8.10 357 40.47 7.605 607 84.08
Condominium 464 67,051,715.31 7.14 359 40.63 7.429 627 83.99
PUD Attached 32 4,838,174.08 0.51 359 43.10 7.694 615 83.81
Single Family Attached 5 925,877.86 0.10 360 40.58 8.028 576 88.19
====================================================================================================================================
TOTAL: 5,737 $ 939,456,745.15 100.00 357 40.89 7.375 613 82.64
------------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
PREPAYMENT CHARGE NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
TERM AT ORIGINATION MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
(MONTHS) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
0 2,355 $ 358,697,618.75 38.18 357 40.66 7.676 617 84.52
12 195 37,708,347.93 4.01 354 40.87 7.494 624 79.51
24 1,716 292,236,243.85 31.11 359 41.06 7.406 604 82.78
36 1,471 250,814,534.62 26.70 356 41.03 6.891 614 80.25
====================================================================================================================================
TOTAL: 5,737 $ 939,456,745.15 100.00 357 40.89 7.375 613 82.64
------------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
CONFORMING BALANCE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Conforming Balance 5,737 $ 939,456,745.15 100.00 357 40.89 7.375 613 82.64
====================================================================================================================================
TOTAL: 5,737 $ 939,456,745.15 100.00 357 40.89 7.375 613 82.64
------------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE RATE REMAINING
NUMBER OF MORTGAGE LOANS % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
RANGE OF MAXIMUM MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
MORTGAGE RATES (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 28 $ 5,679,345.50 0.75 357 40.17 5.417 640 76.89
11.500 - 11.999 333 66,364,197.93 8.74 358 40.84 5.748 634 78.71
12.000 - 12.499 394 77,136,620.51 10.16 359 40.89 6.249 634 80.27
12.500 - 12.999 716 137,055,373.27 18.05 359 40.98 6.749 624 82.06
13.000 - 13.499 655 116,260,424.56 15.31 359 40.94 7.243 613 83.97
13.500 - 13.999 928 155,544,283.03 20.48 359 40.87 7.753 598 85.85
14.000 - 14.499 501 81,373,670.19 10.71 359 41.30 8.225 591 86.93
14.500 - 14.999 413 64,887,175.38 8.54 359 40.60 8.716 583 86.70
15.000 - 15.499 200 28,265,799.26 3.72 359 41.16 9.239 571 85.91
15.500 - 15.999 108 16,118,671.09 2.12 359 41.55 9.708 568 83.52
16.000 - 16.499 33 5,150,089.38 0.68 359 39.68 10.212 548 80.33
16.500 - 16.999 21 3,937,644.31 0.52 359 44.43 10.755 546 70.54
17.000 - 17.499 7 921,233.16 0.12 359 43.59 11.143 523 75.64
17.500 - 17.999 5 606,609.56 0.08 359 42.23 11.644 537 69.89
18.000 - 18.499 1 59,023.10 0.01 359 29.00 12.000 531 80.00
18.500 - 18.999 1 84,636.14 0.01 357 43.00 12.700 523 70.00
====================================================================================================================================
Total: 4,344 $ 759,444,796.37 100.00 359 40.96 7.418 608 83.62
------------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE RATE REMAINING
NUMBER OF MORTGAGE LOANS % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
RANGE OF MAXIMUM MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
MORTGAGE RATES (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 28 $ 5,679,345.50 0.75 357 40.17 5.417 640 76.89
5.500 - 5.999 333 66,364,197.93 8.74 358 40.84 5.748 634 78.71
6.000 - 6.499 394 77,136,620.51 10.16 359 40.89 6.249 634 80.27
6.500 - 6.999 716 137,055,373.27 18.05 359 40.98 6.749 624 82.06
7.000 - 7.499 655 116,260,424.56 15.31 359 40.94 7.243 613 83.97
7.500 - 7.999 928 155,544,283.03 20.48 359 40.87 7.753 598 85.85
8.000 - 8.499 501 81,373,670.19 10.71 359 41.30 8.225 591 86.93
8.500 - 8.999 413 64,887,175.38 8.54 359 40.60 8.716 583 86.70
9.000 - 9.499 200 28,265,799.26 3.72 359 41.16 9.239 571 85.91
9.500 - 9.999 108 16,118,671.09 2.12 359 41.55 9.708 568 83.52
10.000 - 10.499 33 5,150,089.38 0.68 359 39.68 10.212 548 80.33
10.500 - 10.999 21 3,937,644.31 0.52 359 44.43 10.755 546 70.54
11.000 - 11.499 7 921,233.16 0.12 359 43.59 11.143 523 75.64
11.500 - 11.999 5 606,609.56 0.08 359 42.23 11.644 537 69.89
12.000 - 12.499 1 59,023.10 0.01 359 29.00 12.000 531 80.00
12.500 - 12.999 1 84,636.14 0.01 357 43.00 12.700 523 70.00
====================================================================================================================================
Total: 4,344 $ 759,444,796.37 100.00 359 40.96 7.418 608 83.62
------------------------------------------------------------------------------------------------------------------------------------
MARGINS OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE RATE REMAINING
NUMBER OF MORTGAGE LOANS % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
RANGE OF MORTGAGE MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
MARGINS (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 22 $ 3,785,692.36 0.50 359 37.94 7.313 599 84.55
5.000 - 5.249 1,030 179,593,958.33 23.65 359 40.79 7.477 621 84.88
5.500 - 5.749 329 59,635,205.04 7.85 359 41.34 7.685 612 83.13
6.000 - 6.249 2,922 509,413,198.42 67.08 359 40.98 7.344 603 83.35
6.250 - 6.499 1 54,428.29 0.01 360 51.00 9.200 551 80.00
6.500 - 6.749 23 4,136,913.30 0.54 359 41.67 8.790 554 76.33
7.000 - 7.249 17 2,825,400.63 0.37 359 41.94 9.544 550 71.86
====================================================================================================================================
TOTAL: 4,344 $ 759,444,796.37 100.00 359 40.96 7.418 608 83.62
------------------------------------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE RATE REMAINING
NUMBER OF MORTGAGE LOANS % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
NEXT RATE MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
ADJUSTMENT DATE (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2006-06 1 $ 261,110.07 0.03 353 49.00 9.200 514 75.00
2006-07 2 483,669.51 0.06 354 37.40 8.078 556 68.66
2006-08 5 903,407.84 0.12 355 47.13 6.227 607 86.09
2006-09 29 5,549,380.70 0.73 356 41.09 6.967 618 81.61
2006-10 16 2,789,769.25 0.37 357 43.26 7.951 571 80.48
2006-11 318 47,551,846.46 6.26 357 40.38 7.427 607 84.96
2006-12 1,776 320,382,172.98 42.19 359 41.21 7.461 602 83.19
2007-01 822 138,795,375.00 18.28 360 40.89 7.352 608 84.08
2007-02 89 10,219,415.17 1.35 360 43.10 7.871 588 83.75
2007-08 1 195,918.52 0.03 355 50.00 5.700 631 74.34
2007-09 11 2,324,610.97 0.31 356 42.98 6.393 612 79.90
2007-10 6 972,568.88 0.13 357 36.80 8.409 575 89.88
2007-11 97 16,973,456.72 2.23 358 39.77 7.530 602 81.38
2007-12 778 144,377,801.30 19.01 359 40.62 7.398 613 83.81
2008-01 364 63,309,843.00 8.34 360 40.73 7.272 632 84.29
2008-02 29 4,354,450.00 0.57 360 41.69 8.316 621 85.10
====================================================================================================================================
TOTAL: 4,344 $ 759,444,796.37 100.00 359 40.96 7.418 608 83.62
------------------------------------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE RATE REMAINING
NUMBER OF MORTGAGE LOANS % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
PERIODIC MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
RATE CAP (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2.000 4,344 $ 759,444,796.37 100.00 359 40.96 7.418 608 83.62
====================================================================================================================================
TOTAL: 4,344 $ 759,444,796.37 100.00 359 40.96 7.418 608 83.62
------------------------------------------------------------------------------------------------------------------------------------
SUBSEQUENT PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE RATE REMAINING
SUBSEQUENT NUMBER OF MORTGAGE LOANS % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
PERIODIC MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
RATE CAP (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
1.000 4,344 $ 759,444,796.37 100.00 359 40.96 7.418 608 83.62
====================================================================================================================================
TOTAL: 4,344 $ 759,444,796.37 100.00 359 40.96 7.418 608 83.62
------------------------------------------------------------------------------------------------------------------------------------
GROUP II MORTGAGE LOAN STATISTICS...
The Group II Mortgage Loans consist of 3,810 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $496,833,575.69, after application of scheduled
payments due on or before the Cut-off Date whether or not received and
application of all unscheduled payments of principal received prior to the
Cut-off Date. None of the Group II Mortgage Loans had a first Due Date prior to
August 1, 2004 or after March 1, 2005 or will have a remaining term to stated
maturity of less than 176 months or greater than 360 months as of the Cut-off
Date. The latest maturity date of any Group II Mortgage Loan is February 1,
2035.
COLLATERAL TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
COLLATERAL MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
TYPE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2-yr Adjustable Rate 2,539 $ 327,394,920.13 65.89 358 35.11 7.564 596 81.51
3-yr Adjustable Rate 486 72,216,914.29 14.53 359 32.13 7.527 612 82.57
Fixed 785 97,271,741.27 19.58 345 36.00 6.796 628 75.96
====================================================================================================================================
TOTAL: 3,810 $ 496,883,575.69 100.00 356 34.86 7.408 605 80.58
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
RANGE OF PRINCIPAL PRINCIPAL REMAINING
BALANCES AT NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
ORIGINATION MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
($) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 50,000.00 68 $ 3,400,000.00 0.68 351 31.50 7.907 582 66.58
50,000.01 - 100,000.00 1,832 134,432,013.00 27.03 354 34.08 7.977 594 81.01
100,000.01 - 150,000.00 916 112,542,378.00 22.63 356 34.69 7.576 604 81.49
150,000.01 - 200,000.00 361 62,425,873.00 12.55 356 33.33 7.344 605 78.96
200,000.01 - 250,000.00 188 42,126,187.00 8.47 358 32.76 6.964 606 78.14
250,000.01 - 300,000.00 135 37,044,681.00 7.45 358 34.85 6.970 604 80.27
300,000.01 - 350,000.00 252 83,355,283.00 16.76 357 38.42 6.861 614 81.00
350,000.01 - 400,000.00 43 15,360,737.00 3.09 359 35.58 6.773 633 83.39
400,000.01 - 450,000.00 10 4,183,200.00 0.84 359 30.07 7.288 659 85.09
450,000.01 - 500,000.00 5 2,434,750.00 0.49 326 47.28 6.401 646 82.12
====================================================================================================================================
TOTAL: 3,810 $ 497,305,102.00 100.00 356 34.86 7.408 605 80.58
------------------------------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
PRINCIPAL BALANCES AS OF THE CUT-OFF DATE
------------------------------------------------------------------------------------------------------------------------------------
RANGE OF PRINCIPAL PRINCIPAL REMAINING
BALANCES NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
AS OF THE MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
CUT-OFF DATE ($) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 50,000.00 64 3,196,682.01 0.64 350 31.12 7.944 581 66.30
50,000.01 - 100,000.00 1,835 134,422,497.20 27.05 354 34.08 7.977 594 80.99
100,000.01 - 150,000.00 917 112,551,191.55 22.65 356 34.69 7.575 604 81.49
150,000.01 - 200,000.00 360 62,178,983.47 12.51 356 33.28 7.344 605 79.01
200,000.01 - 250,000.00 189 42,289,048.61 8.51 358 32.83 6.966 605 78.06
250,000.01 - 300,000.00 135 37,012,798.31 7.45 358 34.85 6.970 604 80.28
300,000.01 - 350,000.00 252 83,275,193.20 16.76 357 38.42 6.862 614 81.01
350,000.01 - 400,000.00 43 15,347,415.04 3.09 359 35.58 6.773 633 83.39
400,000.01 - 450,000.00 11 4,627,704.23 0.93 341 31.34 7.163 652 84.09
450,000.01 - 500,000.00 4 1,982,062.07 0.40 359 48.25 6.495 660 83.79
====================================================================================================================================
TOTAL: 3,810 496,883,575.69 100.00 356 34.86 7.408 605 80.58
------------------------------------------------------------------------------------------------------------------------------------
REMAINING TERM TO MATURITY
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
RANGE OF MONTHS MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
REMAINING LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
121 - 180 55 $ 5,374,876.85 1.08 179 36.25 6.835 614 69.73
181 - 240 36 4,314,082.62 0.87 239 33.88 6.992 621 77.56
301 - 360 3,719 487,194,616.22 98.05 359 34.85 7.418 605 80.72
====================================================================================================================================
TOTAL: 3,810 $ 496,883,575.69 100.00 356 34.86 7.408 605 80.58
------------------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
RANGE OF CURRENT MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
MORTGAGE RATES (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 100 $ 21,837,689.08 4.39 359 40.14 5.307 625 76.32
5.500 - 5.999 244 50,738,587.87 10.21 353 36.08 5.769 642 74.76
6.000 - 6.499 289 48,295,646.90 9.72 354 36.30 6.246 629 78.02
6.500 - 6.999 516 74,816,878.06 15.06 355 34.56 6.745 618 78.57
7.000 - 7.499 500 64,919,201.10 13.07 356 35.51 7.240 609 81.92
7.500 - 7.999 716 86,199,381.97 17.35 355 32.86 7.739 599 83.11
8.000 - 8.499 480 48,277,767.52 9.72 357 34.51 8.224 590 84.06
8.500 - 8.999 503 55,290,471.05 11.13 358 34.18 8.711 579 83.71
9.000 - 9.499 222 20,641,394.12 4.15 359 32.71 9.202 567 83.54
9.500 - 9.999 134 15,114,023.24 3.04 359 33.29 9.707 560 80.41
10.000 - 10.499 56 6,238,324.56 1.26 359 38.38 10.206 549 77.54
10.500 - 10.999 23 2,427,666.31 0.49 359 35.33 10.727 536 77.32
11.000 - 11.499 14 1,258,783.04 0.25 359 34.49 11.175 527 73.19
11.500 - 11.999 9 565,980.51 0.11 359 39.11 11.699 532 71.02
12.000 - 12.499 2 142,860.32 0.03 359 43.96 12.137 513 74.37
12.500 - 12.999 2 118,920.04 0.02 359 31.40 12.573 533 65.00
====================================================================================================================================
TOTAL: 3,810 $ 496,883,575.69 100.00 356 34.86 7.408 605 80.58
------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
RANGE OF ORIGINAL MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
LOAN-TO-VALUE RATIOS (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 25.00 9 $ 716,167.73 0.14 279 30.93 6.468 629 19.51
25.01 - 30.00 8 711,027.80 0.14 350 30.88 7.416 574 27.22
30.01 - 35.00 12 1,503,147.40 0.30 359 32.69 6.450 632 32.69
35.01 - 40.00 9 1,046,761.72 0.21 359 41.87 6.724 581 38.43
40.01 - 45.00 28 3,660,487.39 0.74 359 34.71 7.194 579 43.09
45.01 - 50.00 34 3,399,218.62 0.68 336 34.20 6.828 603 47.79
50.01 - 55.00 55 7,802,801.77 1.57 354 34.38 6.787 601 53.09
55.01 - 60.00 90 11,609,904.53 2.34 351 35.84 7.221 586 58.02
60.01 - 65.00 185 25,244,499.41 5.08 352 36.59 7.242 580 63.70
65.01 - 70.00 255 34,683,166.70 6.98 357 35.68 7.452 584 68.77
70.01 - 75.00 421 56,153,225.19 11.30 354 37.03 7.374 576 74.05
75.01 - 80.00 759 101,914,673.32 20.51 356 34.76 7.058 610 79.55
80.01 - 85.00 573 75,082,998.91 15.11 356 35.85 7.282 598 84.49
85.01 - 90.00 970 112,768,352.15 22.70 358 32.86 7.793 613 89.78
90.01 - 95.00 355 53,854,045.52 10.84 357 34.74 7.612 640 94.82
95.01 - 100.00 47 6,733,097.53 1.36 356 30.11 8.600 684 100.00
====================================================================================================================================
TOTAL: 3,810 $ 496,883,575.69 100.00 356 34.86 7.408 605 80.58
------------------------------------------------------------------------------------------------------------------------------------
(1) The loan-to-value ("OLTV") of a first-lien mortgage at any given time is a
fraction, expressed as a percentage, the numerator of which is the principal
balance of the mortgage loan at the date of origination and the denominator of
which is the lesser of the sales price of the related mortgage property and its
appraised value determined in an appraisal obtained by the originator at
origination of the mortgage loan. The OLTV of a second lien mortgage loan at
any given time is a fraction, expressed as a percentage the numerator of which
is (i) the sum of (a) the principal balance of such mortgage loan at the date
of origination plus (b) the outstanding balance of the senior mortgage loan at
the date of origination of such mortgage loan and the denominator of which is
(ii) the lesser of the sales price of the related mortgage property and its
appraised value determined in an appraisal obtained by the originator at
origination of the mortgage loan.
FICO SCORE AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
RANGE OF MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
FICO SCORES LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
500 - 519 283 $ 31,859,717.47 6.41 359 39.24 8.458 510 73.42
520 - 539 404 48,337,753.37 9.73 356 36.60 8.208 529 75.65
540 - 559 470 56,399,552.26 11.35 358 35.85 7.874 551 79.12
560 - 579 380 46,632,328.10 9.38 357 34.70 7.719 569 79.26
580 - 599 429 57,118,993.74 11.50 354 36.90 7.354 588 80.37
600 - 619 481 62,291,361.26 12.54 355 33.90 7.073 609 82.17
620 - 639 408 55,377,887.95 11.15 356 35.34 7.028 629 82.74
640 - 659 341 47,870,392.08 9.63 356 34.27 6.955 649 82.81
660 - 679 213 31,348,276.75 6.31 354 32.29 6.924 668 84.17
680 - 699 140 21,322,811.81 4.29 355 30.47 6.985 689 85.55
700 - 719 114 17,682,128.22 3.56 357 31.71 6.701 709 83.03
720 - 739 64 8,287,088.64 1.67 358 31.48 6.988 729 84.06
740 - 759 41 5,785,622.76 1.16 353 27.46 7.059 749 79.91
760 - 779 25 4,098,513.74 0.82 359 28.62 7.038 769 85.57
780 - 799 16 2,335,680.43 0.47 359 32.73 6.364 785 75.05
800 - 819 1 135,467.11 0.03 359 46.00 7.150 800 85.00
====================================================================================================================================
TOTAL: 3,810 $ 496,883,575.69 100.00 356 34.86 7.408 605 80.58
------------------------------------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
DEBT-TO-INCOME MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
RATIOS (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 20.00 589 $ 76,195,182.69 15.33 358 14.65 7.569 622 81.53
20.01 - 25.00 456 57,049,584.09 11.48 357 22.83 7.498 616 82.06
25.01 - 30.00 346 36,455,840.62 7.34 352 28.14 7.573 600 79.08
30.01 - 35.00 443 53,438,572.01 10.75 357 33.04 7.393 603 79.90
35.01 - 40.00 537 68,107,045.71 13.71 354 38.02 7.423 603 80.31
40.01 - 45.00 638 93,193,981.34 18.76 356 43.08 7.214 604 81.83
45.01 - 50.00 675 93,784,837.43 18.87 357 48.12 7.355 597 81.60
50.01 - 55.00 126 18,658,531.80 3.76 356 53.17 7.377 567 66.57
====================================================================================================================================
TOTAL: 3,810 $ 496,883,575.69 100.00 356 34.86 7.408 605 80.58
------------------------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
STATE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
California 571 $ 132,449,956.01 26.66 357 38.89 6.642 604 75.08
Florida 459 57,046,502.70 11.48 356 35.32 7.573 603 80.47
Ohio 479 40,561,373.23 8.16 354 34.52 7.691 596 84.84
Michigan 372 32,455,971.35 6.53 359 32.91 8.089 595 83.38
Arizona 251 27,707,158.94 5.58 354 36.25 7.499 611 84.48
Illinois 173 26,721,801.90 5.38 358 25.66 7.572 629 84.63
Nevada 91 14,731,536.17 2.96 357 35.54 7.410 600 80.09
New Jersey 55 13,963,566.94 2.81 359 32.40 7.519 624 84.58
Indiana 168 12,015,164.24 2.42 358 32.30 7.944 601 84.87
Washington 82 11,975,052.95 2.41 358 33.82 7.200 618 78.58
Pennsylvania 130 11,470,717.79 2.31 355 36.81 8.009 578 80.63
Texas 112 11,441,089.51 2.30 352 30.57 8.510 608 85.33
New York 32 9,528,706.85 1.92 353 34.79 7.475 599 82.00
Maryland 58 9,326,119.54 1.88 359 35.69 7.547 581 75.42
Missouri 109 9,139,526.01 1.84 359 32.53 8.328 581 84.18
Colorado 49 8,250,528.96 1.66 359 32.19 6.883 621 83.27
Tennessee 80 6,397,415.62 1.29 346 34.83 8.091 594 83.55
Massachusetts 22 5,806,009.06 1.17 352 28.20 6.599 649 81.01
Kentucky 55 4,542,948.36 0.91 350 31.54 8.220 592 85.14
Minnesota 32 4,537,456.95 0.91 359 27.89 7.733 610 83.86
Other 430 46,814,972.61 9.42 354 33.53 7.742 608 81.53
====================================================================================================================================
TOTAL: 3,810 $ 496,883,575.69 100.00 356 34.86 7.408 605 80.58
------------------------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
OCCUPANCY MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
STATUS* LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 3,119 $ 425,597,064.62 85.65 356 36.24 7.312 599 79.97
Non-owner Occupied 658 67,366,602.18 13.56 358 26.11 8.012 642 84.52
Second Home 33 3,919,908.89 0.79 356 34.40 7.466 618 78.99
====================================================================================================================================
TOTAL: 3,810 $ 496,883,575.69 100.00 356 34.86 7.408 605 80.58
------------------------------------------------------------------------------------------------------------------------------------
* Based on mortgagor representation at origination.
DOCUMENTATION TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
INCOME MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
DOCUMENTATION LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Full Docs 2,288 $ 278,601,674.17 56.07 356 36.55 7.184 596 79.34
Stated Docs 1,227 172,962,733.74 34.81 357 33.53 7.768 620 82.33
Limited Docs 295 45,319,167.78 9.12 355 29.49 7.412 602 81.50
====================================================================================================================================
TOTAL: 3,810 $ 496,883,575.69 100.00 356 34.86 7.408 605 80.58
------------------------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
PURPOSE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Refi-Cash Out** 2,485 $ 335,682,256.25 67.56 355 36.07 7.312 593 78.19
Purchase 1,109 134,646,981.26 27.10 359 32.09 7.695 632 86.82
Refi-No Cashout*** 216 26,554,338.18 5.34 353 33.48 7.166 614 79.03
====================================================================================================================================
TOTAL: 3,810 $ 496,883,575.69 100.00 356 34.86 7.408 605 80.58
------------------------------------------------------------------------------------------------------------------------------------
** Cash proceeds to the borrower inclusive of debt consolidation payments exceed
2% or $2,000 of the original principal balance of the related loan. Also
includes all home equity loans originated in Texas with any cash proceeds.
***Cash proceeds to the borrower inclusive of debt consolidation payments do not
exceed 2% or $2,000 of the original principal balance of the related loan.
Excludes home equity loans originated in Texas with any cash proceeds.
CREDIT GRADE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
RISK CATEGORY LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
1 2,418 $ 312,946,902.07 62.98 356 34.34 7.197 622 82.39
2 285 37,812,782.91 7.61 355 35.63 7.401 584 79.19
3 344 42,607,111.08 8.57 356 34.32 7.691 569 80.41
4 265 31,846,941.92 6.41 357 36.99 7.840 561 77.96
5 144 20,226,617.75 4.07 356 36.73 8.089 556 69.34
6 45 6,961,408.78 1.40 359 41.58 9.370 546 64.31
A+ 187 25,426,104.24 5.12 357 33.53 7.486 609 80.08
A 50 8,337,356.81 1.68 359 36.55 7.123 603 75.80
A- 16 2,822,014.22 0.57 359 39.03 8.149 556 76.80
B 19 2,926,839.05 0.59 348 37.42 8.344 559 76.39
C 18 2,454,940.94 0.49 359 34.28 9.677 539 72.62
C- 19 2,514,555.92 0.51 359 36.30 8.593 581 84.25
===================================================================================================================================
TOTAL: 3,810 $ 496,883,575.69 100.00 356 34.86 7.408 605 80.58
-----------------------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
PROPERTY TYPE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Single Family Detached 2,863 $ 370,865,653.93 74.64 356 35.13 7.386 600 80.71
Manufactured Housing 391 43,064,828.78 8.67 355 38.05 7.284 618 76.59
Two-to-Four Family 202 31,490,736.41 6.34 355 28.21 7.669 632 81.46
PUD Detached 165 26,835,933.88 5.40 358 35.05 7.640 609 83.18
Condominium 178 23,314,815.30 4.69 358 33.50 7.332 617 81.25
PUD Attached 9 1,152,007.39 0.23 359 33.43 8.343 618 88.50
Single Family Attached 2 159,600.00 0.03 360 19.72 6.761 672 76.29
====================================================================================================================================
TOTAL: 3,810 $ 496,883,575.69 100.00 356 34.86 7.408 605 80.58
-----------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
PREPAYMENT CHARGE NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
TERM AT ORIGINATION MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
(MONTHS) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
0 645 $ 89,640,986.27 18.04 357 31.71 7.625 608 82.44
12 65 10,155,740.58 2.04 354 30.47 7.627 632 82.04
24 1,615 207,759,591.51 41.81 358 35.52 7.614 598 80.96
36 1,485 189,327,257.33 38.10 354 35.85 7.068 609 79.19
====================================================================================================================================
TOTAL: 3,810 $ 496,883,575.69 100.00 356 34.86 7.408 605 80.58
-----------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
CONFORMING BALANCE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Conforming Balance 3,810 $ 496,883,575.69 100.00 356 34.86 7.408 605 80.58
====================================================================================================================================
TOTAL: 3,810 $ 496,883,575.69 100.00 356 34.86 7.408 605 80.58
------------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE RATE REMAINING
NUMBER OF MORTGAGE LOANS % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
RANGE OF MAXIMUM MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
MORTGAGE RATES (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 97 $ 21,040,090.62 5.27 359 40.12 5.310 623 76.19
11.500 - 11.999 130 26,047,342.05 6.52 356 35.59 5.774 628 78.87
12.000 - 12.499 183 33,148,594.28 8.30 359 36.57 6.244 625 80.26
12.500 - 12.999 356 55,811,020.14 13.97 359 34.11 6.749 615 79.89
13.000 - 13.499 376 52,059,320.47 13.03 359 35.23 7.237 608 82.24
13.500 - 13.999 574 72,562,959.79 18.16 359 32.51 7.741 598 83.76
14.000 - 14.499 398 41,794,462.45 10.46 359 34.27 8.224 589 84.19
14.500 - 14.999 449 50,640,092.48 12.67 359 34.06 8.722 579 83.57
15.000 - 15.499 222 20,641,394.12 5.17 359 32.71 9.202 567 83.54
15.500 - 15.999 134 15,114,023.24 3.78 359 33.29 9.707 560 80.41
16.000 - 16.499 56 6,238,324.56 1.56 359 38.38 10.206 549 77.54
16.500 - 16.999 23 2,427,666.31 0.61 359 35.33 10.727 536 77.32
17.000 - 17.499 14 1,258,783.04 0.32 359 34.49 11.175 527 73.19
17.500 - 17.999 9 565,980.51 0.14 359 39.11 11.699 532 71.02
18.000 - 18.499 2 142,860.32 0.04 359 43.96 12.137 513 74.37
18.500 - 18.999 2 118,920.04 0.03 359 31.40 12.573 533 65.00
====================================================================================================================================
TOTAL: 3,025 $ 399,611,834.42 100.00 359 34.58 7.557 599 81.70
------------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE RATE REMAINING
NUMBER OF MORTGAGE LOANS % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
RANGE OF MINIMUM MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
MORTGAGE RATES (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 97 $ 21,040,090.62 5.27 359 40.12 5.310 623 76.19
5.500 - 5.999 130 26,047,342.05 6.52 356 35.59 5.774 628 78.87
6.000 - 6.499 183 33,148,594.28 8.30 359 36.57 6.244 625 80.26
6.500 - 6.999 356 55,811,020.14 13.97 359 34.11 6.749 615 79.89
7.000 - 7.499 376 52,059,320.47 13.03 359 35.23 7.237 608 82.24
7.500 - 7.999 574 72,562,959.79 18.16 359 32.51 7.741 598 83.76
8.000 - 8.499 398 41,794,462.45 10.46 359 34.27 8.224 589 84.19
8.500 - 8.999 449 50,640,092.48 12.67 359 34.06 8.722 579 83.57
9.000 - 9.499 222 20,641,394.12 5.17 359 32.71 9.202 567 83.54
9.500 - 9.999 134 15,114,023.24 3.78 359 33.29 9.707 560 80.41
10.000 - 10.499 56 6,238,324.56 1.56 359 38.38 10.206 549 77.54
10.500 - 10.999 23 2,427,666.31 0.61 359 35.33 10.727 536 77.32
11.000 - 11.499 14 1,258,783.04 0.32 359 34.49 11.175 527 73.19
11.500 - 11.999 9 565,980.51 0.14 359 39.11 11.699 532 71.02
12.000 - 12.499 2 142,860.32 0.04 359 43.96 12.137 513 74.37
12.500 - 12.999 2 118,920.04 0.03 359 31.40 12.573 533 65.00
====================================================================================================================================
TOTAL: 3,025 $ 399,611,834.42 100.00 359 34.58 7.557 599 81.70
------------------------------------------------------------------------------------------------------------------------------------
MARGINS OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE RATE REMAINING
NUMBER OF MORTGAGE LOANS % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
RANGE OF MORTGAGE MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
MARGINS (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 19 $ 2,711,419.78 0.68 359 34.10 7.002 619 86.50
5.000 - 5.249 153 23,799,255.23 5.96 360 25.96 7.589 629 84.34
5.500 - 5.749 241 32,788,070.49 8.20 359 35.60 7.953 589 80.24
6.000 - 6.249 2,585 336,984,583.61 84.33 358 35.12 7.506 598 81.65
6.500 - 6.749 12 1,216,764.64 0.30 359 29.62 8.633 579 79.88
7.000 - 7.249 15 2,111,740.67 0.53 359 33.13 9.223 558 76.73
====================================================================================================================================
TOTAL: 3,025 $ 399,611,834.42 100.00 359 34.58 7.557 599 81.70
------------------------------------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE RATE REMAINING
NUMBER OF MORTGAGE LOANS % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
NEXT RATE ADJUSTMENT MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
DATE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2006-07 2 $ 422,082.08 0.11 354 45.60 5.322 602 55.12
2006-08 4 528,065.91 0.13 355 27.76 5.586 622 76.78
2006-09 20 3,882,244.63 0.97 356 37.58 6.587 597 81.10
2006-10 13 1,547,067.15 0.39 357 23.18 7.647 601 79.16
2006-11 420 46,700,765.40 11.69 358 35.70 7.622 590 81.72
2006-12 1,565 209,325,939.22 52.38 358 35.13 7.559 595 81.04
2007-01 456 59,613,524.00 14.92 359 34.32 7.534 608 83.24
2007-02 59 5,375,231.74 1.35 360 39.92 8.618 576 82.14
2007-08 1 107,792.41 0.03 355 43.00 5.500 619 77.86
2007-09 5 496,747.59 0.12 356 23.86 7.396 568 77.44
2007-10 1 126,175.65 0.03 357 43.00 8.650 518 80.00
2007-11 59 6,669,088.84 1.67 358 28.27 7.911 605 80.65
2007-12 349 53,398,396.02 13.36 359 33.53 7.506 607 82.26
2008-01 65 10,770,080.00 2.70 360 27.38 7.377 646 86.21
2008-02 6 648,633.78 0.16 360 38.00 8.021 580 72.63
====================================================================================================================================
TOTAL: 3,025 $ 399,611,834.42 100.00 359 34.58 7.557 599 81.70
------------------------------------------------------------------------------------------------------------------------------------
PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE RATE REMAINING
NUMBER OF MORTGAGE LOANS % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
PERIODIC RATE MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
CAP (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2.000 3,025 $ 399,611,834.42 100.00 359 34.58 7.557 599 81.70
====================================================================================================================================
TOTAL: 3,025 $ 399,611,834.42 100.00 359 34.58 7.557 599 81.70
------------------------------------------------------------------------------------------------------------------------------------
SUBSEQUENT PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
SUBSEQUENT ADJUSTABLE RATE REMAINING
PERIODIC NUMBER OF MORTGAGE LOANS % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
RATE MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
CAP (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
1.000 3,025 $ 399,611,834.42 100.00 359 34.58 7.557 599 81.70
====================================================================================================================================
TOTAL: 3,025 $ 399,611,834.42 100.00 359 34.58 7.557 599 81.70
------------------------------------------------------------------------------------------------------------------------------------
GROUP III MORTGAGE LOAN STATISTICS..
The Group III Mortgage Loans consist of 1,680 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $463,659,783.47, after application of scheduled
payments due on or before the Cut-off Date whether or not received and
application of all unscheduled payments of principal received prior to the
Cut-off Date. None of the Group III Mortgage Loans had a first Due Date prior to
August 1, 2004 or after March 1, 2005 or will have a remaining term to stated
maturity of less than 178 months or greater than 360 months as of the Cut-off
Date. The latest maturity date of any Group III Mortgage Loan is February 1,
2035.
COLLATERAL TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
COLLATERAL TYPE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2-yr Adjustable Rate 821 $ 264,434,790.11 57.03 359 39.96 7.396 594 83.99
3-yr Adjustable Rate 297 96,508,630.71 20.81 359 39.11 7.415 612 85.37
Fixed 562 102,716,362.65 22.15 355 38.63 7.225 645 82.78
====================================================================================================================================
TOTAL: 1,680 $ 463,659,783.47 100.00 358 39.49 7.362 609 84.01
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF PRINCIPAL NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
BALANCES AT MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
ORIGINATION ($) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 50,000.00 73 $ 2,516,534.00 0.54 349 32.84 11.041 653 96.86
50,000.01 - 100,000.00 394 28,930,274.00 6.23 352 36.64 9.216 610 87.87
100,000.01 - 150,000.00 198 24,648,334.00 5.31 357 39.07 8.449 589 85.86
150,000.01 - 200,000.00 122 21,140,780.00 4.56 357 41.12 8.355 590 85.90
200,000.01 - 250,000.00 80 17,846,932.00 3.85 358 40.36 8.343 594 86.94
250,000.01 - 300,000.00 35 9,592,231.00 2.07 355 41.04 8.340 579 85.13
300,000.01 - 350,000.00 18 5,827,725.00 1.26 359 39.42 8.166 618 91.22
350,000.01 - 400,000.00 244 92,481,463.00 19.93 357 39.27 6.940 613 83.50
400,000.01 - 450,000.00 180 76,390,839.00 16.46 359 39.39 6.941 617 84.51
450,000.01 - 500,000.00 141 67,646,363.00 14.58 359 41.09 7.138 616 84.44
500,000.01 - 550,000.00 64 33,826,500.00 7.29 359 40.81 6.694 607 84.21
550,000.01 - 600,000.00 48 27,619,024.00 5.95 359 39.76 6.814 607 81.61
600,000.01 - 650,000.00 42 26,326,400.00 5.67 359 39.36 7.205 602 82.99
650,000.01 - 700,000.00 12 8,050,250.00 1.73 359 40.30 7.036 586 73.55
700,000.01 - 750,000.00 29 21,278,638.00 4.58 359 35.19 6.819 631 75.21
====================================================================================================================================
TOTAL: 1,680 $ 464,122,287.00 100.00 358 39.49 7.362 609 84.00
------------------------------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
PRINCIPAL BALANCES AS OF THE CUT-OFF DATE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF PRINCIPAL NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
BALANCES AT MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
CUT-OFF DATE ($) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 50,000.00 73 $ 2,515,764.57 0.54 349 32.84 11.041 653 96.86
50,000.01 - 100,000.00 392 28,712,716.13 6.19 352 36.60 9.231 610 88.17
100,000.01 - 150,000.00 200 24,833,610.20 5.36 357 39.11 8.438 590 85.53
150,000.01 - 200,000.00 122 21,127,660.00 4.56 357 41.12 8.355 590 85.90
200,000.01 - 250,000.00 80 17,835,693.40 3.85 358 40.36 8.343 594 86.94
250,000.01 - 300,000.00 35 9,582,301.63 2.07 355 41.04 8.341 579 85.13
300,000.01 - 350,000.00 18 5,782,432.44 1.25 359 39.41 8.169 618 91.37
350,000.01 - 400,000.00 244 92,384,566.28 19.93 357 39.28 6.940 613 83.50
400,000.01 - 450,000.00 181 76,762,106.69 16.56 359 39.31 6.950 617 84.57
450,000.01 - 500,000.00 140 67,132,837.47 14.48 359 41.19 7.130 616 84.37
500,000.01 - 550,000.00 64 33,798,395.58 7.29 359 40.81 6.694 607 84.21
550,000.01 - 600,000.00 48 27,589,030.95 5.95 359 39.76 6.814 607 81.62
600,000.01 - 650,000.00 42 26,301,841.08 5.67 359 39.36 7.205 602 82.99
650,000.01 - 700,000.00 12 8,042,029.92 1.73 359 40.30 7.037 586 73.55
700,000.01 - 750,000.00 29 21,258,797.13 4.58 359 35.19 6.819 631 75.21
====================================================================================================================================
Total: 1,680 $ 463,659,783.47 100.00 358 39.49 7.362 609 84.01
------------------------------------------------------------------------------------------------------------------------------------
REMAINING TERM TO MATURITY
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MONTHS MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
REMAINING LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
121 - 180 16 $ 1,721,211.12 0.37 179 37.63 7.702 608 80.57
181 - 240 19 1,745,952.53 0.38 239 38.26 9.102 629 92.92
301 - 360 1,645 460,192,619.82 99.25 359 39.50 7.354 609 83.98
====================================================================================================================================
TOTAL: 1,680 $ 463,659,783.47 100.00 358 39.49 7.362 609 84.01
------------------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
CURRENT MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
MORTGAGE RATES (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 29 $ 13,485,943.60 2.91 358 42.51 5.345 633 79.13
5.500 - 5.999 184 85,082,365.57 18.35 358 39.30 5.727 650 78.99
6.000 - 6.499 87 37,905,875.32 8.18 359 39.77 6.240 622 82.35
6.500 - 6.999 154 65,487,498.97 14.12 359 40.13 6.757 608 83.89
7.000 - 7.499 93 37,632,902.99 8.12 357 39.37 7.228 607 86.14
7.500 - 7.999 341 87,153,498.04 18.80 358 39.57 7.770 595 85.58
8.000 - 8.499 200 47,979,320.85 10.35 358 39.43 8.234 589 86.65
8.500 - 8.999 212 43,149,356.73 9.31 356 38.92 8.706 587 86.29
9.000 - 9.499 104 18,425,961.04 3.97 356 39.49 9.201 581 86.11
9.500 - 9.999 81 11,591,062.32 2.50 356 35.84 9.723 575 85.08
10.000 - 10.499 36 4,999,243.90 1.08 354 40.08 10.234 562 74.89
10.500 - 10.999 48 4,017,727.00 0.87 358 37.24 10.755 631 89.08
11.000 - 11.499 49 3,314,203.04 0.71 353 38.74 11.211 644 96.64
11.500 - 11.999 23 1,272,795.78 0.27 348 40.43 11.658 638 97.48
12.000 - 12.499 31 1,768,248.32 0.38 359 37.14 12.188 634 99.66
12.500 - 12.999 8 393,780.00 0.08 360 43.14 12.586 636 100.00
====================================================================================================================================
TOTAL: 1,680 $ 463,659,783.47 100.00 358 39.49 7.362 609 84.01
------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
------------------------------------------------------------------------------------------------------------------------------------
RANGE OF PRINCIPAL REMAINING
ORIGINAL NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
LOAN-TO-VALUE MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
RATIOS (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
25.01 - 30.00 2 $ 757,919.07 0.16 358 32.46 10.180 550 26.98
35.01 - 40.00 4 706,454.35 0.15 359 34.51 8.334 563 39.38
40.01 - 45.00 4 900,228.68 0.19 348 46.76 6.828 559 42.83
45.01 - 50.00 11 3,109,628.93 0.67 359 30.28 6.768 615 48.80
50.01 - 55.00 9 2,082,650.62 0.45 359 35.72 7.342 559 52.75
55.01 - 60.00 20 6,506,875.54 1.40 353 35.28 7.078 588 58.43
60.01 - 65.00 54 19,567,938.27 4.22 358 38.77 6.780 617 63.33
65.01 - 70.00 68 23,780,349.51 5.13 359 40.37 7.053 590 68.44
70.01 - 75.00 98 33,813,207.86 7.29 358 39.61 7.313 574 74.17
75.01 - 80.00 230 71,177,660.23 15.35 358 39.77 6.889 606 79.52
80.01 - 85.00 243 75,683,277.90 16.32 357 39.86 6.941 600 84.34
85.01 - 90.00 479 130,155,864.58 28.07 358 39.15 7.498 607 89.67
90.01 - 95.00 269 78,524,642.04 16.94 358 40.38 7.665 635 94.79
95.01 - 100.00 189 16,893,085.89 3.64 354 38.37 10.079 669 99.96
====================================================================================================================================
TOTAL: 1,680 $ 463,659,783.47 100.00 358 39.49 7.362 609 84.01
------------------------------------------------------------------------------------------------------------------------------------
(1) The loan-to-value ("OLTV") of a first-lien mortgage at any given time is a
fraction, expressed as a percentage, the numerator of which is the principal
balance of the mortgage loan at the date of origination and the denominator of
which is the lesser of the sales price of the related mortgage property and its
appraised value determined in an appraisal obtained by the originator at
origination of the mortgage loan. The OLTV of a second lien mortgage loan at
any given time is a fraction, expressed as a percentage the numerator of which
is (i) the sum of (a) the principal balance of such mortgage loan at the date
of origination plus (b) the outstanding balance of the senior mortgage loan at
the date of origination of such mortgage loan and the denominator of which is
(ii) the lesser of the sales price of the related mortgage property and its
appraised value determined in an appraisal obtained by the originator at
origination of the mortgage loan.
FICO SCORE AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
FICO MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
SCORES LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
500 - 519 87 $ 18,845,411.45 4.06 356 41.30 8.231 509 75.57
520 - 539 142 39,130,347.65 8.44 359 39.67 8.120 531 77.59
540 - 559 176 45,830,426.81 9.88 358 39.99 7.955 551 80.35
560 - 579 155 48,013,540.71 10.36 358 40.85 7.651 569 82.35
580 - 599 180 47,777,047.26 10.30 357 39.26 7.230 589 84.57
600 - 619 243 74,499,410.69 16.07 357 38.71 7.210 609 86.68
620 - 639 229 58,975,579.91 12.72 358 40.06 7.266 630 87.87
640 - 659 162 43,850,642.71 9.46 358 38.78 6.904 650 84.58
660 - 679 113 32,425,977.94 6.99 357 38.46 6.897 669 86.07
680 - 699 80 23,288,501.40 5.02 358 38.77 6.886 689 87.36
700 - 719 48 11,268,203.07 2.43 356 39.39 7.347 708 90.37
720 - 739 36 9,984,268.53 2.15 358 39.70 6.542 729 87.27
740 - 759 9 3,290,936.23 0.71 359 39.22 6.240 746 72.60
760 - 779 14 5,171,252.32 1.12 359 40.40 6.386 771 78.99
780 - 799 4 561,314.97 0.12 359 31.49 6.864 788 80.12
800 - 819 2 746,921.82 0.16 358 21.47 7.139 804 76.94
====================================================================================================================================
TOTAL: 1,680 $ 463,659,783.47 100.00 358 39.49 7.362 609 84.01
------------------------------------------------------------------------------------------------------------------------------------
DEBT TO INCOME RATIO
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
DEBT-TO-INCOME MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
RATIOS (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 20.00 106 $ 27,411,382.42 5.91 356 12.41 7.264 617 83.14
20.01 - 25.00 94 25,068,922.53 5.41 358 23.17 7.360 602 77.97
25.01 - 30.00 121 26,571,221.40 5.73 358 28.21 7.412 614 84.95
30.01 - 35.00 199 51,648,757.84 11.14 359 33.15 7.518 612 82.87
35.01 - 40.00 268 64,406,912.06 13.89 357 38.05 7.634 607 84.29
40.01 - 45.00 400 109,730,366.52 23.67 357 43.21 7.384 619 85.91
45.01 - 50.00 437 140,403,793.67 30.28 358 48.10 7.207 604 85.72
50.01 - 55.00 55 18,418,427.03 3.97 359 53.29 7.103 583 69.95
====================================================================================================================================
TOTAL: 1,680 $ 463,659,783.47 100.00 358 39.49 7.362 609 84.01
------------------------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
STATE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
California 543 $ 212,750,368.07 45.89 358 40.41 6.767 614 81.67
Illinois 196 43,013,904.32 9.28 358 40.99 7.907 616 86.63
New Jersey 104 37,521,979.92 8.09 357 39.60 7.474 604 84.95
New York 75 31,324,463.70 6.76 359 39.51 7.567 617 86.45
Florida 135 25,389,232.44 5.48 357 40.26 8.064 600 85.58
Massachusetts 36 13,530,745.70 2.92 359 35.02 7.248 603 83.43
Ohio 92 10,651,474.57 2.30 357 38.71 8.325 593 88.34
Michigan 59 9,508,435.31 2.05 359 36.98 8.181 601 85.24
Nevada 33 8,516,716.99 1.84 358 37.38 8.185 596 83.64
Maryland 26 8,226,562.36 1.77 359 39.80 7.805 580 84.12
Texas 44 7,940,690.88 1.71 353 37.36 8.115 587 82.58
Connecticut 20 5,897,758.80 1.27 359 34.94 7.925 602 88.59
Washington 23 5,351,493.01 1.15 359 38.75 7.890 613 88.43
Arizona 44 5,123,023.32 1.10 356 36.46 8.476 593 87.77
Georgia 22 4,398,391.99 0.95 355 38.43 8.683 605 88.92
Colorado 15 4,020,322.90 0.87 359 30.42 7.635 579 86.88
Pennsylvania 21 3,559,273.63 0.77 357 36.04 7.972 615 87.51
Minnesota 12 3,336,363.33 0.72 359 36.26 7.483 651 90.97
Indiana 27 3,199,106.90 0.69 354 41.52 8.088 609 85.44
Utah 18 2,216,790.21 0.48 359 35.34 8.916 594 82.35
Other 135 18,182,685.12 3.92 354 36.89 8.155 598 87.10
====================================================================================================================================
TOTAL: 1,680 $ 463,659,783.47 100.00 358 39.49 7.362 609 84.01
------------------------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS*
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
OCCUPANCY MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
STATUS* LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 1,506 $ 431,282,343.37 93.02 358 40.06 7.320 607 84.01
Non-owner Occupied 154 25,834,436.11 5.57 357 30.25 7.973 640 85.39
Second Home 20 6,543,003.99 1.41 359 38.41 7.708 610 77.93
====================================================================================================================================
TOTAL: 1,680 $ 463,659,783.47 100.00 358 39.49 7.362 609 84.01
------------------------------------------------------------------------------------------------------------------------------------
* Based on mortgagor representation at origination.
DOCUMENTATION TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
INCOME MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
DOCUMENTATION LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Full Docs 751 $ 201,821,391.26 43.53 358 39.87 6.909 604 82.50
Stated Docs 789 215,497,605.80 46.48 358 40.66 7.805 618 85.91
Limited Docs 140 46,340,786.41 9.99 358 32.40 7.274 592 81.74
====================================================================================================================================
TOTAL: 1,680 $ 463,659,783.47 100.00 358 39.49 7.362 609 84.01
------------------------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
PURPOSE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Refi-Cash Out** 959 $ 303,467,006.38 65.45 358 39.91 7.105 600 81.38
Purchase 668 147,912,678.75 31.90 358 38.91 7.900 628 89.76
Refi-No Cashout*** 53 12,280,098.34 2.65 356 36.06 7.238 613 79.59
====================================================================================================================================
TOTAL: 1,680 $ 463,659,783.47 100.00 358 39.49 7.362 609 84.01
------------------------------------------------------------------------------------------------------------------------------------
** Cash proceeds to the borrower inclusive of debt consolidation payments exceed
2% or $2,000 of the original principal balance of the related loan. Also
includes all home equity loans originated in Texas with any cash proceeds.
***Cash proceeds to the borrower inclusive of debt consolidation payments do not
exceed 2% or $2,000 of the original principal balance of the related loan.
Excludes home equity loans originated in Texas with any cash proceeds.
CREDIT GRADE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
RISK CATEGORY LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
1 1,142 $ 305,128,142.01 65.81 358 39.26 7.228 624 85.78
2 107 36,471,322.44 7.87 359 40.82 7.331 583 82.65
3 123 32,022,270.72 6.91 359 37.36 7.515 581 82.19
4 95 29,264,497.96 6.31 356 38.90 7.762 565 79.01
5 43 13,923,755.64 3.00 357 37.87 7.947 550 71.96
6 25 6,787,687.04 1.46 358 38.54 9.245 545 68.49
A+ 63 18,891,692.38 4.07 358 42.41 7.101 617 85.75
A 34 7,422,585.06 1.60 354 42.06 7.445 613 83.30
A- 9 2,682,925.66 0.58 356 45.35 8.139 562 79.44
B 10 2,193,045.08 0.47 359 41.62 8.577 575 84.88
C 12 2,778,713.43 0.60 359 45.72 8.527 555 70.05
C- 17 6,093,146.05 1.31 359 43.43 7.468 609 84.96
====================================================================================================================================
TOTAL: 1,680 $ 463,659,783.47 100.00 358 39.49 7.362 609 84.01
------------------------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
PROPERTY TYPE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Single Family Detached 1,238 $ 354,115,137.90 76.37 358 39.65 7.275 607 83.58
PUD Detached 142 44,284,664.47 9.55 357 38.83 7.508 596 82.44
Two-to-Four Family 113 31,398,926.38 6.77 358 38.71 7.877 635 89.38
Condominium 106 24,664,761.60 5.32 359 40.18 7.480 625 86.60
Manufactured Housing 69 6,702,750.86 1.45 351 36.62 7.744 614 81.50
PUD Attached 8 1,887,439.79 0.41 359 38.63 8.488 628 84.13
Single Family Attached 4 606,102.47 0.13 359 41.50 8.383 574 87.37
====================================================================================================================================
TOTAL: 1,680 $ 463,659,783.47 100.00 358 39.49 7.362 609 84.01
------------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
PREPAYMENT CHARGE NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
TERM AT ORIGINATION MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
(MONTHS) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
0 645 $ 151,984,342.07 32.78 358 39.39 7.926 608 85.79
12 71 28,717,339.81 6.19 359 40.02 7.653 610 83.70
24 463 139,685,966.02 30.13 358 39.07 7.346 594 84.21
36 501 143,272,135.57 30.90 357 39.89 6.721 626 81.98
====================================================================================================================================
TOTAL: 1,680 $ 463,659,783.47 100.00 358 39.49 7.362 609 84.01
------------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
CONFORMING BALANCE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Conforming Balance 941 $ 119,599,064.89 25.79 356 39.20 8.572 600 87.27
------------------------------------------------------------------------------------------------------------------------------------
Non-Conforming Balance 739 344,060,718.58 74.21 358 39.59 6.941 612 82.87
====================================================================================================================================
TOTAL: 1,680 $ 463,659,783.47 100.00 358 39.49 7.362 609 84.01
------------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
RANGE OF MAXIMUM MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
MORTGAGE RATES (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 27 $ 12,272,901.76 3.40 358 42.92 5.338 627 78.85
11.500 - 11.999 95 43,951,006.94 12.18 359 38.70 5.746 629 82.32
12.000 - 12.499 69 30,016,700.68 8.32 359 39.11 6.247 615 82.83
12.500 - 12.999 133 57,562,089.50 15.95 359 40.46 6.768 605 83.82
13.000 - 13.499 79 32,867,826.24 9.11 359 39.25 7.232 605 85.57
13.500 - 13.999 282 76,840,357.89 21.29 359 39.65 7.779 593 85.69
14.000 - 14.499 157 42,209,115.82 11.69 359 39.61 8.243 583 86.76
14.500 - 14.999 154 36,754,194.27 10.18 358 39.68 8.694 584 86.06
15.000 - 15.499 58 14,805,234.27 4.10 357 40.78 9.201 575 85.64
15.500 - 15.999 38 8,100,554.92 2.24 359 38.07 9.733 557 82.76
16.000 - 16.499 14 3,604,714.24 1.00 359 42.62 10.251 549 68.25
16.500 - 16.999 8 1,572,510.92 0.44 359 40.48 10.738 571 73.48
17.000 - 17.499 3 323,193.64 0.09 359 35.70 11.273 512 74.13
17.500 - 17.999 1 63,019.73 0.02 360 52.00 11.550 530 70.00
====================================================================================================================================
TOTAL: 1,118 $ 360,943,420.82 100.00 359 39.73 7.401 599 84.36
------------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE RATE REMAINING
NUMBER OF MORTGAGE LOANS % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
RANGE OF MINIMUM MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
MORTGAGE RATES (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 27 $ 12,272,901.76 3.40 358 42.92 5.338 627 78.85
5.500 - 5.999 95 43,951,006.94 12.18 359 38.70 5.746 629 82.32
6.000 - 6.499 69 30,016,700.68 8.32 359 39.11 6.247 615 82.83
6.500 - 6.999 133 57,562,089.50 15.95 359 40.46 6.768 605 83.82
7.000 - 7.499 79 32,867,826.24 9.11 359 39.25 7.232 605 85.57
7.500 - 7.999 282 76,840,357.89 21.29 359 39.65 7.779 593 85.69
8.000 - 8.499 157 42,209,115.82 11.69 359 39.61 8.243 583 86.76
8.500 - 8.999 154 36,754,194.27 10.18 358 39.68 8.694 584 86.06
9.000 - 9.499 58 14,805,234.27 4.10 357 40.78 9.201 575 85.64
9.500 - 9.999 38 8,100,554.92 2.24 359 38.07 9.733 557 82.76
10.000 - 10.499 14 3,604,714.24 1.00 359 42.62 10.251 549 68.25
10.500 - 10.999 8 1,572,510.92 0.44 359 40.48 10.738 571 73.48
11.000 - 11.499 3 323,193.64 0.09 359 35.70 11.273 512 74.13
11.500 - 11.999 1 63,019.73 0.02 360 52.00 11.550 530 70.00
====================================================================================================================================
Total: 1,118 $ 360,943,420.82 100.00 359 39.73 7.401 599 84.36
------------------------------------------------------------------------------------------------------------------------------------
MARGINS OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE RATE REMAINING
NUMBER OF MORTGAGE LOANS % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
RANGE OF MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
MORTGAGE MARGINS (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 3 $ 720,837.96 0.20 357 38.44 7.656 571 83.68
5.000 - 5.249 168 38,645,564.46 10.71 358 40.66 7.889 613 86.59
5.500 - 5.749 93 29,338,385.62 8.13 359 43.04 7.437 598 84.68
6.000 - 6.249 837 288,377,811.39 79.90 359 39.31 7.311 598 84.11
6.500 - 6.749 10 2,247,382.77 0.62 359 35.19 8.572 561 82.57
7.000 - 7.249 7 1,613,438.62 0.45 359 40.29 9.310 528 71.99
====================================================================================================================================
TOTAL: 1,118 $ 360,943,420.82 100.00 359 39.73 7.401 599 84.36
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NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
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PRINCIPAL
BALANCE OF
ADJUSTABLE RATE REMAINING
NUMBER OF MORTGAGE LOANS % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
NEXT RATE MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
ADJUSTMENT DATE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
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2006-07 4 $ 1,194,502.03 0.33 354 29.65 5.618 587 78.50
2006-09 16 4,919,532.70 1.36 356 44.21 6.607 601 81.80
2006-10 47 14,945,051.11 4.14 357 38.30 7.950 582 83.53
2006-11 81 22,060,390.81 6.11 357 39.68 7.606 594 80.37
2006-12 507 179,047,700.65 49.61 359 39.77 7.352 595 84.12
2007-01 129 33,433,774.00 9.26 360 41.38 7.420 600 87.26
2007-02 37 8,833,838.81 2.45 360 40.99 7.405 587 80.62
2007-08 1 582,733.09 0.16 355 53.00 5.450 614 72.35
2007-09 6 2,554,963.55 0.71 356 40.07 6.009 651 80.34
2007-10 24 6,932,550.63 1.92 357 40.90 7.252 616 86.08
2007-11 20 5,730,815.07 1.59 358 42.17 7.538 589 85.89
2007-12 176 63,531,596.16 17.60 359 38.54 7.472 610 85.43
2008-01 20 8,541,860.00 2.37 360 37.28 7.265 615 85.37
2008-02 50 8,634,112.21 2.39 360 40.46 7.746 627 86.32
====================================================================================================================================
TOTAL: 1,118 $ 360,943,420.82 100.00 359 39.73 7.401 599 84.36
------------------------------------------------------------------------------------------------------------------------------------
PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE RATE REMAINING
NUMBER OF MORTGAGE LOANS % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
PERIODIC MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
RATE CAP (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2.000 1,118 $ 360,943,420.82 100.00 359 39.73 7.401 599 84.36
====================================================================================================================================
TOTAL: 1,118 $ 360,943,420.82 100.00 359 39.73 7.401 599 84.36
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SUBSEQUENT PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE RATE REMAINING
SUBSEQUENT NUMBER OF MORTGAGE LOANS % OF PRINCIPAL TERM TO DEBT-TO MORTGAGE
PERIODIC MORTGAGE AS OF BALANCE AS OF MATURITY -INCOME RATES
RATE CAP (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
1.000 1,118 $ 360,943,420.82 100.00 359 39.73 7.401 599 84.36
====================================================================================================================================
TOTAL: 1,118 $ 360,943,420.82 100.00 359 39.73 7.401 599 84.36
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