EXHIBIT 99.1
The mortgage loans delivered to the Trust (the "Mortgage Loans")
consisted of conventional, one-to four- family, adjustable-rate and fixed-rate
mortgage loans. The Depositor purchased the Mortgage Loans from the Seller
pursuant to the Mortgage Loan Purchase Agreement, dated as of the date of the
prospectus supplement (the "Mortgage Loan Purchase Agreement"), between the
Seller and the Depositor. Pursuant to the Pooling and Servicing Agreement, dated
as of the Cut-off Date (the "Pooling and Servicing Agreement"), among the
Depositor, the Master Servicer and the Trustee, the Depositor caused the
Mortgage Loans to be assigned to the Trustee for the benefit of the
certificateholders.
The Mortgage Loans are secured by mortgages or deeds of trust or other
similar security instruments creating first 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 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.
Each adjustable-rate Mortgage Loan accrued interest at the
adjustable-rate calculated as specified under the terms of the related mortgage
note and each fixed-rate Mortgage Loan has a Mortgage Rate that is fixed for the
life of such Mortgage (each such rate, a "Mortgage Rate").
Approximately 99.63% of the Mortgage Loans were originated by
Ameriquest and approximately 0.367% of the Mortgage Loans were originated by the
Seller's affiliate Town & Country Credit Corporation (together with Ameriquest,
the "Originators"), in each case by aggregate scheduled principal balance of the
Mortgage Loans as of the Cut-off Date.
Each adjustable-rate Mortgage Loan will accrue interest at a Mortgage
Rate that is adjustable. The adjustable-rate Mortgage Loans 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"). The
first adjustment will occur after an initial period of two 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 2.000% per annum on the first related Adjustment Date (the "Initial
Periodic Rate Cap") and will not increase or decrease by more than 1.000% 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.
Approximately 71.04% of the Mortgage Loans 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.
The Mortgage Loans consist of 2,051 adjustable-rate and fixed-rate Mortgage
Loans having an aggregate principal balance as of the Cut-off Date of
approximately $300,005,332, 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 Mortgage Loans had a first Due Date prior to February 2004 or after October
2004, or will have a remaining term to stated maturity of less than 112 months
or greater than 360 months as of the Cut-off Date. The latest maturity date of
any Mortgage Loan is September 2034.
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COLLATERAL TYPE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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2 YEAR ARMS 1,668 $254,999,820.12 85.00% 354 38.49 7.041 625 77.61
FIXED 383 45,005,511.99 15.00 324 37.15 7.298 669 73.35
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Total: 2,051 $300,005,332.11 100.00% 349 38.29 7.079 632 76.97
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PRINCIPAL BALANCES AT ORIGINATION
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PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PRINCIPAL BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
AT ORIGINATION ($) LOANS ORIGINATION ORIGINATION (MONTHS)* (%)* (%)* FICO* (%)*
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Less than 50,000.01 6 $ 252,625.00 0.08% 245 39.56 8.271 631 46.57
50,000.01 - 100,000.00 657 51,360,120.00 17.09 334 35.91 7.840 627 73.23
100,000.01 - 150,000.00 619 77,410,617.00 25.76 346 37.59 7.244 627 77.26
150,000.01 - 200,000.00 368 64,001,440.00 21.30 354 38.66 6.967 627 77.57
200,000.01 - 250,000.00 239 53,721,850.00 17.88 356 39.39 6.878 625 77.37
250,000.01 - 300,000.00 67 18,291,088.00 6.09 359 41.02 6.462 655 76.71
300,000.01 - 350,000.00 42 13,662,496.00 4.55 355 37.77 6.325 660 80.18
350,000.01 - 400,000.00 28 10,448,502.00 3.48 359 39.35 6.533 652 81.77
400,000.01 - 450,000.00 13 5,491,738.00 1.83 359 39.44 6.416 655 78.55
450,000.01 - 500,000.00 12 5,864,056.00 1.95 354 43.77 6.535 665 80.17
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Total: 2,051 $ 300,504,532.00 100.00% 349 38.29 7.079 632 76.97
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* Based on the original balances of the Mortgage Loans.
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PRINCIPAL BALANCES AS OF THE CUT-OFF DATE
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PRINCIPAL REMAINING
RANGE OF PRINCIPAL BALANCES NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
AS OF THE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
CUT-OFF DATE ($) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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Less than 50,000.01 6 $ 248,410.00 0.08% 248 39.68 8.300 629 46.34
50,000.01 - 100,000.00 658 51,342,922.28 17.11 334 35.84 7.840 627 73.25
100,000.01 - 150,000.00 619 77,332,833.21 25.78 346 37.64 7.242 627 77.28
150,000.01 - 200,000.00 368 63,951,494.67 21.32 354 38.63 6.970 627 77.56
200,000.01 - 250,000.00 239 53,685,807.84 17.89 356 39.42 6.872 625 77.26
250,000.01 - 300,000.00 66 18,021,961.34 6.01 359 41.07 6.468 655 76.95
300,000.01 - 350,000.00 42 13,647,161.46 4.55 355 37.77 6.325 660 80.18
350,000.01 - 400,000.00 28 10,432,529.67 3.48 359 39.34 6.534 652 81.77
400,000.01 - 450,000.00 13 5,485,413.69 1.83 359 39.44 6.417 655 78.55
450,000.01 - 500,000.00 12 5,856,797.95 1.95 354 43.77 6.535 665 80.17
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Total: 2,051 $ 300,005,332.11 100.00% 349 38.29 7.079 632 76.97
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REMAINING TERM TO MATURITY
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RANGE OF MONTHS REMAINING LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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60.01 - 120.00 12 $ 1,013,808.61 0.34% 117 33.88 7.052 682 58.59
120.00 - 180.00 75 7,179,534.93 2.39 178 35.78 7.339 649 68.78
180.01 - 240.00 89 9,325,955.43 3.11 238 35.10 7.124 647 73.38
240.01 - 300.00 9 1,253,195.37 0.42 298 39.85 7.108 684 76.56
300.01 - 360.00 1,866 281,232,837.77 93.74 359 38.47 7.071 631 77.36
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Total: 2,051 $ 300,005,332.11 100.00% 349 38.29 7.079 632 76.97
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MORTGAGE RATE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF CURRENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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5.500 - 5.999 198 $ 40,134,076.48 13.38% 354 38.13 5.907 673 75.54
6.000 - 6.499 294 54,914,284.81 18.30 349 38.53 6.261 648 76.55
6.500 - 6.999 576 88,655,606.15 29.55 349 37.95 6.757 635 75.04
7.000 - 7.499 203 27,728,348.94 9.24 348 39.38 7.241 616 76.87
7.500 - 7.999 354 42,928,887.04 14.31 349 37.21 7.763 613 78.89
8.000 - 8.499 117 13,023,038.32 4.34 344 39.73 8.254 604 78.07
8.500 - 8.999 152 17,160,265.50 5.72 355 38.47 8.772 599 81.69
9.000 - 9.499 51 5,117,946.08 1.71 347 38.39 9.253 595 82.45
9.500 - 9.999 68 6,738,005.79 2.25 342 39.28 9.754 588 81.52
10.000 - 10.499 15 1,444,054.41 0.48 351 40.01 10.256 599 79.25
10.500 - 10.999 14 1,255,025.25 0.42 336 42.95 10.737 584 84.02
11.000 - 11.499 5 518,913.01 0.17 347 38.61 11.108 583 84.22
11.500 - 11.999 3 241,056.83 0.08 359 42.24 11.714 594 80.53
12.500 - 12.999 1 145,823.50 0.05 359 45.00 12.600 594 85.00
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Total: 2,051 $ 300,005,332.11 100.00% 349 38.29 7.079 632 76.97
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ORIGINAL LOAN-TO-VALUE RATIOS
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF ORIGINAL MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
LOAN-TO-VALUE RATIOS (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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<= 25.00 10 $ 846,473.35 0.28% 342 32.42 7.105 664 18.38
25.01 - 30.00 8 616,492.31 0.21 337 38.15 7.552 637 27.76
30.01 - 35.00 22 2,144,839.59 0.71 319 41.91 7.222 643 32.58
35.01 - 40.00 18 1,766,539.98 0.59 335 34.34 7.115 656 38.09
40.01 - 45.00 30 3,415,946.61 1.14 320 35.89 6.606 648 43.07
45.01 - 50.00 53 7,047,118.04 2.35 335 36.11 6.632 653 47.72
50.01 - 55.00 69 8,095,159.15 2.70 346 36.67 6.926 648 52.62
55.01 - 60.00 81 11,580,117.62 3.86 345 37.21 6.731 626 57.51
60.01 - 65.00 115 15,823,750.52 5.27 349 36.08 7.001 631 62.85
65.01 - 70.00 161 22,686,833.13 7.56 345 36.92 6.830 632 67.63
70.01 - 75.00 212 32,337,292.41 10.78 350 38.41 6.973 626 72.87
75.01 - 80.00 307 45,484,315.03 15.16 349 37.23 7.008 627 78.22
80.01 - 85.00 361 53,476,080.20 17.83 352 38.56 7.250 621 83.39
85.01 - 90.00 604 94,684,374.17 31.56 353 39.86 7.225 638 89.18
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Total: 2,051 $ 300,005,332.11 100.00% 349 38.29 7.079 632 76.97
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FICO SCORE AT ORIGINATION
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RANGE OF FICO SCORES LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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540 - 559 95 $ 11,647,024.61 3.88% 356 39.45 7.926 555 76.96
560 - 579 275 33,199,338.72 11.07 352 38.70 7.866 570 76.90
580 - 599 341 46,415,487.77 15.47 353 38.58 7.575 590 77.00
600 - 619 251 32,902,116.07 10.97 347 38.30 7.350 610 76.39
620 - 639 321 55,843,225.48 18.61 353 38.43 6.925 630 77.18
640 - 659 244 42,068,273.60 14.02 349 38.50 6.689 650 78.27
660 - 679 210 34,475,659.33 11.49 350 36.70 6.571 669 78.85
680 - 699 104 14,993,624.07 5.00 345 39.91 6.385 689 76.35
700 - 719 81 10,904,815.80 3.63 340 36.55 6.558 709 74.99
720 - 739 61 8,469,392.29 2.82 342 37.88 6.596 730 75.51
740 - 759 33 4,258,338.96 1.42 327 39.67 6.491 749 69.02
760 - 779 18 2,142,659.26 0.71 316 35.68 6.572 768 67.98
780 - 799 15 2,250,429.57 0.75 347 36.59 6.493 789 70.28
800 - 819 2 434,946.58 0.14 338 33.00 6.607 806 77.18
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Total: 2,051 $ 300,005,332.11 100.00% 349 38.29 7.079 632 76.97
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DEBT-TO-INCOME RATIO
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF DEBT-TO-INCOME MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATIOS (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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<= 20.000 123 $ 15,424,862.02 5.14% 344 14.96 6.986 637 72.99
20.001 - 25.000 174 21,919,973.74 7.31 345 23.32 7.048 640 74.92
25.001 - 30.000 204 28,164,746.04 9.39 348 28.01 7.148 629 75.72
30.001 - 35.000 284 40,671,246.56 13.56 347 33.17 7.050 629 75.80
35.001 - 40.000 307 46,151,922.81 15.38 351 38.09 7.026 634 76.99
40.001 - 45.000 379 57,182,570.57 19.06 349 43.09 7.154 632 78.35
45.001 - 50.000 558 86,381,369.76 28.79 352 48.25 7.060 630 78.18
50.001 - 55.000 22 4,108,640.61 1.37 359 52.69 7.386 616 78.13
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Total: 2,051 $ 300,005,332.11 100.00% 349 38.29 7.079 632 76.97
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GEOGRAPHIC DISTRIBUTION
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
STATE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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California 492 $ 97,691,994.86 32.56% 351 38.96 6.623 638 73.50
Florida 298 33,979,259.74 11.33 344 38.13 7.215 629 77.56
Maryland 157 24,132,220.29 8.04 350 36.83 7.146 626 80.68
New York 99 15,306,591.50 5.10 348 37.46 7.381 640 72.42
Massachusetts 88 15,036,247.88 5.01 356 37.56 6.935 625 71.18
Illinois 106 13,800,693.70 4.60 350 38.29 7.675 628 80.07
Pennsylvania 93 11,833,374.10 3.94 344 40.67 7.332 617 81.49
Michigan 74 6,996,095.72 2.33 345 34.94 7.294 637 77.72
Washington 47 6,912,481.07 2.30 355 35.54 7.227 621 79.23
Connecticut 42 6,461,918.12 2.15 355 38.71 7.090 631 79.28
Minnesota 41 5,912,691.28 1.97 355 36.27 7.059 627 77.45
Georgia 41 5,184,724.58 1.73 354 36.28 8.140 616 81.83
Missouri 48 4,856,853.63 1.62 345 35.85 7.382 628 83.30
Arizona 43 4,709,381.48 1.57 349 37.93 7.189 634 76.72
Ohio 40 4,352,894.09 1.45 336 36.29 7.102 620 79.06
Wisconsin 32 3,568,151.73 1.19 349 40.63 7.629 636 80.40
Rhode Island 19 3,230,740.66 1.08 352 39.83 6.633 641 76.87
North Carolina 25 3,166,587.74 1.06 355 39.46 7.855 621 83.62
Nevada 20 3,081,312.53 1.03 354 39.73 7.107 634 79.77
New Jersey 15 2,957,841.87 0.99 359 38.87 6.998 640 74.36
Other 231 26,833,275.54 8.94 345 39.44 7.519 634 82.70
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Total: 2,051 $300,005,332.11 100.00% 349 38.29 7.079 632 76.97
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OCCUPANCY STATUS
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
OCCUPANCY STATUS* LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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Owner Occupied 1,998 $294,082,498.92 98.03% 349 38.38 7.076 631 77.00
Non-owner Occupied 45 5,065,718.99 1.69 355 33.85 7.244 652 74.42
Second Home 8 857,114.20 0.29 359 33.77 7.138 678 81.15
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Total: 2,051 $300,005,332.11 100.00% 349 38.29 7.079 632 76.97
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* Based on mortgagor representation at origination.
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DOCUMENTATION TYPE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
INCOME DOCUMENTATION LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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Full Docs 1,583 $228,163,943.88 76.05% 349 38.14 7.025 629 77.71
Stated Docs 265 41,314,512.40 13.77 352 38.79 7.245 647 71.79
Limited Docs 203 30,526,875.83 10.18 349 38.72 7.26 635 78.43
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Total: 2,051 $300,005,332.11 100.00% 349 38.29 7.079 632 76.97
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LOAN PURPOSE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
PURPOSE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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Refi-Cashout** 1,943 $284,016,679.77 94.67% 350 38.26 7.087 632 76.90
Refi No Cashout*** 108 15,988,652.34 5.33 348 38.71 6.945 630 78.17
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Total: 2,051 $300,005,332.11 100.00% 349 38.29 7.079 632 76.97
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** 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.
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CREDIT GRADE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RISK CATEGORY LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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8A 164 $ 21,841,470.98 7.28% 335 37.39 6.546 741 72.99
7A 136 19,702,266.32 6.57 344 39.10 6.365 693 75.80
6A 183 29,706,592.79 9.90 349 36.82 6.496 669 79.15
5A 184 31,379,491.81 10.46 349 38.34 6.579 650 80.08
4A 244 43,263,798.13 14.42 353 38.91 6.784 632 77.58
3A 187 25,302,661.72 8.43 347 38.18 7.128 621 75.27
2A 586 81,021,424.96 27.01 352 38.66 7.385 595 78.10
A 247 31,835,646.30 10.61 351 37.77 7.913 587 75.90
B 120 15,951,979.10 5.32 356 38.81 8.271 595 71.12
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Total: 2,051 $300,005,332.11 100.00% 349 38.29 7.079 632 76.97
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PROPERTY TYPE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
PROPERTY TYPE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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Single Family Detached 1,958 $284,325,886.66 94.77% 349 38.24 7.093 632 76.90
Condominium 85 14,669,588.78 4.89 357 39.26 6.822 627 78.61
PUD 5 542,324.31 0.18 310 35.96 6.796 715 70.35
Single-Family Attached 3 467,532.36 0.16 358 39.33 6.929 648 77.18
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Total: 2,051 $300,005,332.11 100.00% 349 38.29 7.079 632 76.97
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PREPAYMENT CHARGE TERM AT ORIGINATION
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
ORIGINATION (MOS.) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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0 604 $ 86,878,314.93 28.96% 353 38.19 7.432 629 78.20
12 43 5,977,933.32 1.99 341 36.73 7.017 662 73.74
30 5 1,061,773.13 0.35 358 37.47 7.021 633 83.44
36 1,399 206,087,310.73 68.69 348 38.38 6.933 632 76.51
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Total: 2,051 $300,005,332.11 100.00% 349 38.29 7.079 632 76.97
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CONFORMING BALANCE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
CONFORMING BALANCE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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Conforming Balance 1,989 $275,455,371.76 91.82% 349 38.17 7.133 630 76.64
Non-Conforming Balance 62 24,549,960.35 8.18 357 39.65 6.473 654 80.66
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Total: 2,051 $300,005,332.11 100.00% 349 38.29 7.079 632 76.97
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MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF MAXIMUM MORTGAGE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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11.500 - 11.999 185 $37,980,450.09 14.89% 356 38.38 5.907 671 75.70
12.000 - 12.499 254 48,391,593.21 18.98 353 38.62 6.263 643 77.28
12.500 - 12.999 452 72,446,570.79 28.41 355 38.23 6.764 621 76.25
13.000 - 13.499 173 24,603,096.37 9.65 350 39.47 7.242 606 77.31
13.500 - 13.999 288 36,478,830.10 14.31 354 37.63 7.770 605 79.38
14.000 - 14.499 78 9,245,883.65 3.63 348 40.56 8.238 592 79.13
14.500 - 14.999 118 13,417,965.60 5.26 357 37.75 8.774 598 81.97
15.000 - 15.499 39 3,949,990.61 1.55 354 38.69 9.259 594 81.61
15.500 - 15.999 53 5,582,644.56 2.19 354 39.49 9.765 588 82.72
16.000 - 16.499 11 1,146,887.91 0.45 359 40.20 10.30 595 78.58
16.500 - 16.999 10 955,031.08 0.37 359 43.38 10.77 589 82.78
17.000 - 17.499 4 486,674.78 0.19 359 38.59 11.10 584 87.96
17.500 - 17.999 2 168,377.87 0.07 358 41.49 11.61 599 79.28
18.500 - 18.999 1 145,823.50 0.06 359 45.00 12.60 594 85.00
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Total: 1,668 $254,999,820.12 100.00% 354 38.49 7.041 625 77.61
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MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF MINIMUM MORTGAGE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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5.500 - 5.999 185 $ 37,980,450.09 14.89% 356 38.38 5.907 671 75.70
6.000 - 6.499 254 48,391,593.21 18.98 353 38.62 6.263 643 77.28
6.500 - 6.999 452 72,446,570.79 28.41 355 38.23 6.764 621 76.25
7.000 - 7.499 173 24,603,096.37 9.65 350 39.47 7.242 606 77.31
7.500 - 7.999 288 36,478,830.10 14.31 354 37.63 7.770 605 79.38
8.000 - 8.499 78 9,245,883.65 3.63 348 40.56 8.238 592 79.13
8.500 - 8.999 118 13,417,965.60 5.26 357 37.75 8.774 598 81.97
9.000 - 9.499 39 3,949,990.61 1.55 354 38.69 9.259 594 81.61
9.500 - 9.999 53 5,582,644.56 2.19 354 39.49 9.765 588 82.72
10.000 - 10.499 11 1,146,887.91 0.45 359 40.20 10.30 595 78.58
10.500 - 10.999 10 955,031.08 0.37 359 43.38 10.77 589 82.78
11.000 - 11.499 4 486,674.78 0.19 359 38.59 11.10 584 87.96
11.500 - 11.999 2 168,377.87 0.07 358 41.49 11.61 599 79.28
12.500 - 12.999 1 145,823.50 0.06 359 45.00 12.60 594 85.00
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Total: 1,668 $ 254,999,820.12 100.00% 354 38.49 7.041 625 77.61
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MARGINS OF THE ADJUSTABLE-RATE LOANS
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RANGE OF MORTGAGE MARGINS (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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4.000 - 4.249 3 $ 372,005.12 0.15% 359 33.19 6.087 731 77.68
4.250 - 4.449 1 150,871.26 0.06 359 48.00 6.800 648 89.68
4.500 - 4.749 8 988,817.11 0.39 359 42.06 6.560 702 79.76
4.750 - 4.999 73 11,102,158.10 4.35 356 38.54 6.374 728 77.15
5.000 - 5.249 103 16,570,654.90 6.50 356 39.98 6.144 682 76.25
5.250 - 5.499 134 24,018,971.61 9.42 354 37.29 6.430 664 80.67
5.500 - 5.749 168 30,622,677.08 12.01 356 38.59 6.564 644 80.97
5.750 - 5.999 274 45,987,549.51 18.03 355 38.51 6.840 621 77.40
6.000 - 6.249 650 91,940,015.79 36.05 351 38.64 7.327 599 77.15
6.250 - 6.499 167 21,438,074.61 8.41 355 37.01 7.979 588 76.20
6.500 - 6.749 87 11,808,025.03 4.63 358 39.69 8.329 596 71.61
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Total: 1,668 $254,999,820.12 100.00% 354 38.49 7.041 625 77.61
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NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NEXT RATE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
ADJUSTMENT DATE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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2006-01 5 $ 793,130.97 0.31% 352 42.51 7.022 654 80.31
2006-02 5 749,636.74 0.29 353 35.32 6.887 645 83.19
2006-03 1 145,108.55 0.06 354 40.00 5.950 674 84.93
2006-04 6 502,626.15 0.20 355 31.29 7.208 648 73.69
2006-05 2 105,349.17 0.04 356 33.81 7.382 665 90.00
2006-06 3 275,546.22 0.11 357 37.58 6.136 650 81.82
2006-07 318 49,734,703.69 19.50 353 39.26 6.899 619 77.34
2006-08 1,276 196,074,804.63 76.89 354 38.33 7.067 627 77.64
2006-09 52 6,618,914.00 2.60 355 38.01 7.388 613 77.37
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Total: 1,668 $254,999,820.12 100.00% 354 38.49 7.041 625 77.61
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INITIAL PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
INITIAL PERIODIC MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATE CAP (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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2.000 1,668 $254,999,820.12 100.00% 354 38.49 7.041 625 77.61
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Total: 1,668 $254,999,820.12 100.00% 354 38.49 7.041 625 77.61
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SUBSEQUENT PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
SUBSEQUENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
PERIODIC RATE CAP (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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1.000 1,668 $254,999,820.12 100.00% 354 38.49 7.041 625 77.61
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Total: 1,668 $254,999,820.12 100.00% 354 38.49 7.041 625 77.61
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