EXHIBIT 99.1
The mortgage loans delivered to the trust (the "Mortgage Loans")
consist 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 July 27, 2004 (the
"Mortgage Loan Purchase Agreement"), between the Seller and the Depositor.
Pursuant to the Pooling and Servicing Agreement, dated August 1, 2004 (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 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 94.74% of the Mortgage Loans were originated by
Ameriquest and approximately 5.26% 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 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"). 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 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.
For purposes of calculating interest and principal distributions on the
Class A Certificates, the Mortgage Loans will be divided into two loan groups,
designated as the "Group I Mortgage Loans" and the "Group II Mortgage Loans."
The Group I 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 II 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 68.84% of the Group I Mortgage Loans and approximately
71.75% of the Group II 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 will provide 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.
COLLATERAL TYPE
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PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
COLLATERAL TYPE MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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2 YEAR ARMS 12,864 $2,100,623,347.02 84.02% 355 39.56 7.399 600 78.60
FIXED 2,679 399,376,817.73 15.98 336 38.37 7.200 647 77.36
====================================================================================================================================
TOTAL: 15,543 $2,500,000,164.75 100.00% 352 39.37 7.367 608 78.40
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PRINCIPAL BALANCES AT ORIGINATION
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PRINCIPAL % OF REMAINING DEBT
RANGE OF BALANCE PRINCIPAL TERM TO -TO- MORTGAGE
PRINCIPAL BALANCES NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES FICO OLTV
AT ORIGINATION ($) MORTGAGE LOANS ORIGINATION ORIGINATION (MONTHS)* (%)* (%)* * (%)*
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50,001 - 100,000 4,846 $ 379,730,381.00 15.16% 342 37.02 8.365 591 74.85
100,001 - 150,000 4,211 520,547,140.00 20.79 351 38.89 7.597 598 78.45
150,001 - 200,000 2,586 450,410,905.00 17.99 353 39.60 7.329 602 78.30
200,001 - 250,000 1,539 344,055,403.00 13.74 355 40.25 7.142 610 78.78
250,001 - 300,000 980 268,110,334.00 10.71 356 40.54 7.021 613 79.09
300,001 - 350,000 558 180,953,316.00 7.23 357 40.50 6.924 624 80.68
350,001 - 400,000 334 124,376,624.00 4.97 357 40.81 6.835 624 80.40
400,001 - 450,000 201 85,563,262.00 3.42 355 39.96 6.690 638 80.54
450,001 - 500,000 144 68,827,008.00 2.75 357 39.90 6.609 635 80.57
500,001 - 550,000 54 28,481,146.00 1.14 353 37.98 6.672 643 79.97
550,001 - 600,000 85 49,601,176.00 1.98 355 39.17 6.733 643 79.11
600,001 - 650,000 1 645,000.00 0.03 358 32.00 6.100 640 83.77
650,001 - 700,000 3 2,050,000.00 0.08 359 35.15 5.874 685 69.49
700,001 - 750,000 1 749,999.00 0.03 359 49.00 6.250 652 68.18
====================================================================================================================================
TOTAL: 15,543 $2,504,101,694.00 100.00% 352 39.37 7.367 608 78.40
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* Based on the original balances of the Mortgage Loans.
PRINCIPAL BALANCES AS OF THE CUT-OFF DATE
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RANGE OF PRINCIPAL PRINCIPAL REMAINING DEBT
AS OF BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
THE CUT-OFF NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
DATE ($) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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50,000.01 - 100,000.00 4,853 $ 379,765,140.52 15.19% 342 37.02 8.362 591 74.8 4
100,000.01 - 150,000.00 4,212 520,162,123.40 20.81 351 38.90 7.599 597 78.4 8
150,000.01 - 200,000.00 2,584 449,690,571.00 17.99 353 39.61 7.326 602 78.32
200,000.01 - 250,000.00 1,537 343,331,826.02 13.73 356 40.25 7.143 610 78.76
250,000.01 - 300,000.00 980 267,865,050.37 10.71 356 40.51 7.023 613 79.13
300,000.01 - 350,000.00 556 180,148,861.19 7.21 357 40.50 6.920 624 80.64
350,000.01 - 400,000.00 332 123,476,569.30 4.94 357 40.87 6.840 624 80.37
400,000.01 - 450,000.00 203 86,298,412.86 3.45 355 39.91 6.679 638 80.53
450,000.01 - 500,000.00 142 67,826,519.98 2.71 357 39.97 6.621 635 80.59
500,000.01 - 550,000.00 54 28,447,754.83 1.14 353 37.98 6.673 643 79.96
550,000.01 - 600,000.00 85 49,547,166.47 1.98 355 39.17 6.733 643 79.11
600,000.01 - 650,000.00 1 643,736.96 0.03 358 32.00 6.100 640 83.77
650,000.01 - 700,000.00 3 2,047,144.49 0.08 359 35.15 5.874 685 69.49
700,000.01 - 750,000.00 1 749,287.36 0.03 359 49.00 6.250 652 68.18
====================================================================================================================================
TOTAL: 15,543 $2,500,000,164.75 100.00% 352 39.37 7.367 608 78.40
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REMAINING TERM TO MATURITY
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PRINCIPAL REMAINING DEBT
RANGE OF BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
MONTHS NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
REMAINING MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
60.01 - 120.00 46 $ 3,863,006.69 0.15% 118 37.54 7.957 627 66.89
120.01 - 180.00 423 44,019,062.96 1.76 178 35.19 7.404 628 73.32
180.01 - 240.00 417 50,564,245.96 2.02 238 38.63 7.339 630 75.79
240.01 - 300.00 45 5,824,970.14 0.23 297 36.68 7.182 668 74.87
300.01 - 360.00 14,612 2,395,728,879.00 95.83 358 39.47 7.366 607 78.58
====================================================================================================================================
TOTAL: 15,543 $2,500,000,164.75 100.00% 352 39.37 7.367 608 78.40
------------------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
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RANGE OF PRINCIPAL REMAINING DEBT
CURRENT BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
MORTGAGE NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
RATES (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 132 $ 34,200,917.80 1.37% 352 36.77 5.354 704 75.89
5.500 - 5.999 1,502 343,542,235.83 13.74 353 38.69 5.814 668 78.43
6.000 - 6.499 1,403 282,670,827.01 11.31 353 38.70 6.255 638 78.37
6.500 - 6.999 3,024 556,177,522.66 22.25 352 39.05 6.766 622 79.96
7.000 - 7.499 1,448 232,954,842.29 9.32 352 39.64 7.257 599 78.11
7.500 - 7.999 2,795 421,640,868.34 16.87 353 39.67 7.763 581 78.02
8.000 - 8.499 1,083 143,759,353.86 5.75 352 39.81 8.252 575 77.91
8.500 - 8.999 1,863 231,994,197.67 9.28 352 40.19 8.755 565 77.28
9.000 - 9.499 554 66,687,333.93 2.67 352 40.24 9.248 564 77.92
9.500 - 9.999 876 102,031,055.02 4.08 351 40.27 9.735 560 77.48
10.000 - 10.499 292 29,729,063.25 1.19 352 40.84 10.239 558 77.12
10.500 - 10.999 322 30,862,396.09 1.23 352 40.57 10.730 552 77.37
11.000 - 11.499 99 8,416,142.59 0.34 348 40.98 11.255 553 75.47
11.500 - 11.999 96 8,808,257.58 0.35 354 38.61 11.747 556 77.55
12.000 - 12.499 35 4,646,378.79 0.19 356 42.04 12.297 562 80.66
12.500 - 12.999 18 1,814,786.35 0.07 358 39.02 12.731 540 76.79
13.000 - 13.499 1 63,985.69 0.00 359 52.00 13.100 575 79.01
====================================================================================================================================
TOTAL: 15,543 $2,500,000,164.75 100.00% 352 39.37 7.367 608 78.40
------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
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RANGE OF PRINCIPAL REMAINING DEBT
ORIGINAL BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
LOAN-TO-VALUE NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
RATIOS (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 25.000 68 $ 6,543,866.26 0.26% 347 37.95 7.650 624 20.45
25.001 - 30.000 67 7,511,266.17 0.30 324 36.87 7.015 642 27.76
30.001 - 35.000 66 8,188,878.15 0.33 345 33.32 7.078 609 32.50
35.001 - 40.000 95 11,283,212.03 0.45 344 38.03 7.424 599 37.97
40.001 - 45.000 149 18,058,771.28 0.72 348 36.93 7.260 603 42.88
45.001 - 50.000 245 35,796,734.11 1.43 347 38.27 7.248 598 47.87
50.001 - 55.000 305 42,294,425.52 1.69 348 37.27 7.300 603 52.88
55.001 - 60.000 647 88,795,289.62 3.55 347 38.58 7.678 579 58.34
60.001 - 65.000 663 98,047,046.35 3.92 351 38.64 7.505 592 63.02
65.001 - 70.000 984 161,028,625.53 6.44 351 37.63 7.198 602 68.08
70.001 - 75.000 2,473 365,050,061.26 14.60 353 39.53 7.756 581 73.68
75.001 - 80.000 2,589 415,413,475.56 16.62 350 39.29 7.220 612 78.70
80.001 - 85.000 2,805 473,769,950.06 18.95 355 40.05 7.551 599 83.73
85.001 - 90.000 4,162 728,602,512.99 29.14 354 39.81 7.156 628 89.13
90.001 - 95.000 225 39,616,049.86 1.58 354 39.82 6.942 688 93.92
====================================================================================================================================
TOTAL: 15,543 $2,500,000,164.75 100.00% 352 39.37 7.367 608 78.40
------------------------------------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
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PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
RANGE OF NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
FICO SCORES MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
500.0 - 519.9 827 $107,321,806.68 4.29% 355 41.30 8.672 509 67.83
520.0 - 539.9 1,626 224,930,009.27 9.00 355 42.07 8.616 529 74.35
540.0 - 559.9 1,936 275,277,234.27 11.01 354 39.93 8.129 551 76.79
560.0 - 579.9 2,074 308,749,596.80 12.35 354 39.39 7.778 569 78.41
580.0 - 599.9 1,766 279,667,051.02 11.19 353 39.36 7.609 589 78.76
600.0 - 619.9 1,668 271,380,398.90 10.86 352 38.09 7.272 609 79.22
620.0 - 639.9 1,670 284,247,198.83 11.37 352 38.80 6.925 629 80.75
640.0 - 659.9 1,405 257,639,947.77 10.31 352 39.36 6.652 649 81.37
660.0 - 679.9 968 182,310,243.12 7.29 348 38.77 6.495 669 80.72
680.0 - 699.9 654 125,895,224.99 5.04 349 38.88 6.401 689 80.85
700.0 - 719.9 392 76,623,582.40 3.06 348 38.78 6.313 709 80.90
720.0 - 739.9 219 43,705,391.89 1.75 350 37.84 6.103 728 80.67
740.0 - 759.9 188 35,516,917.67 1.42 346 37.93 6.152 748 76.09
760.0 - 779.9 91 16,835,526.61 0.67 339 33.82 6.162 768 72.12
780.0 - 799.9 48 8,000,872.43 0.32 336 36.16 6.213 787 69.30
800.0 - 819.9 11 1,899,162.10 0.08 336 35.28 7.026 808 64.96
====================================================================================================================================
TOTAL: 15,543 $2,500,000,164.75 100.00% 352 39.37 7.367 608 78.40
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DEBT-TO-INCOME RATIO
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PRINCIPAL REMAINING DEBT
RANGE OF BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
DEBT-TO-INCOME NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
RATIOS (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 20.000 999 $145,828,205.93 5.83% 348 14.95 7.324 617 75.90
20.001 - 25.000 983 135,406,347.80 5.42 348 23.15 7.326 612 76.04
25.001 - 30.000 1,419 206,846,875.91 8.27 351 28.22 7.328 610 77.11
30.001 - 35.000 1,873 289,038,661.51 11.56 352 33.07 7.276 612 78.33
35.001 - 40.000 2,256 363,564,684.64 14.54 352 38.15 7.311 609 78.70
40.001 - 45.000 2,865 475,974,773.90 19.04 353 43.07 7.321 611 79.09
45.001 - 50.000 4,142 720,408,085.95 28.82 353 48.15 7.275 613 79.88
50.001 - 55.000 1,006 162,932,529.11 6.52 354 53.10 8.314 555 75.16
====================================================================================================================================
Total: 15,543 $2,500,000,164.75 100.00% 352 39.37 7.367 608 78.40
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GEOGRAPHIC DISTRIBUTION
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PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
STATE MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
California 2,413 $ 590,180,311.36 23.61% 356 39.69 6.729 620 76.00
Florida 2,203 284,258,185.48 11.37 353 39.64 7.542 595 79.40
New York 837 189,248,234.39 7.57 352 40.82 7.529 616 74.70
Massachusetts 740 157,232,011.52 6.29 356 39.69 7.020 611 74.62
Maryland 668 115,160,415.83 4.61 352 38.92 7.309 605 80.10
Illinois 715 109,608,262.32 4.38 353 40.13 7.978 596 78.91
Texas 979 102,033,319.36 4.08 338 39.37 8.217 593 76.92
Michigan 653 79,871,364.08 3.19 354 38.70 7.611 596 80.47
Minnesota 428 72,123,143.53 2.88 354 39.47 7.299 612 82.05
Pennsylvania 550 67,152,277.05 2.69 344 38.44 7.479 602 80.64
Connecticut 340 57,839,902.30 2.31 352 39.65 7.346 607 77.81
Georgia 416 54,653,479.22 2.19 351 37.84 8.565 597 82.21
Washington 302 54,195,296.44 2.17 354 39.69 7.191 613 80.73
Wisconsin 371 49,692,687.14 1.99 352 39.60 8.051 608 81.93
Colorado 266 45,273,908.10 1.81 356 40.45 7.161 615 80.79
Nevada 176 38,685,925.03 1.55 354 36.67 7.113 612 80.18
Rhode Island 207 37,583,731.88 1.50 356 39.99 6.894 606 75.46
Indiana 338 36,868,832.75 1.47 348 36.92 7.490 609 84.25
Tennessee 293 34,299,275.41 1.37 336 37.32 7.679 604 82.35
Alabama 305 32,561,013.05 1.30 343 39.42 8.152 598 82.02
Other 2,343 291,478,588.51 11.66 349 38.39 7.673 604 80.93
====================================================================================================================================
Total: 15,543 $2,500,000,164.75 100.00% 352 39.37 7.367 608 78.40
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OCCUPANCY STATUS
GEOGRAPHIC DISTRIBUTION
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PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
OCCUPANCY NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
STATUS* MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 14,892 $2,408,078,243.03 96.32% 352 39.58 7.353 607 78.48
Non-owner Occupied 525 73,146,556.70 2.93 352 32.34 7.637 635 75.27
Second Home 126 18,775,365.02 0.75 354 39.71 8.105 634 80.42
====================================================================================================================================
TOTAL: 15,543 $2,500,000,164.75 100.00% 352 39.37 7.367 608 78.40
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* Based on mortgagor representation at origination.
DOCUMENTATION TYPE
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PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
INCOME NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
DOCUMENTATION MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Full Docs 11,209 $1,800,648,550.76 72.03% 352 39.41 7.252 608 79.34%
Stated Docs 2,403 379,827,792.17 15.19 353 39.86 7.823 614 73.09
Limited Docs 1,931 319,523,821.82 12.78 354 38.54 7.471 600 79.43
====================================================================================================================================
TOTAL: 15,543 $2,500,000,164.75 100.00% 352 39.37 7.367 608 78.40
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LOAN PURPOSE
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PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
PURPOSE MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Refi-Cash Out** 14,474 $2,341,756,173.98 93.67% 352 39.32 7.369 607 78.25
Refi-No Cashout*** 1,036 152,499,337.90 6.10 351 40.19 7.336 615 80.64
Purchase 33 5,744,652.87 0.23 359 38.07 7.207 637 81.83
====================================================================================================================================
TOTAL: 15,543 $2,500,000,164.75 100.00% 352 39.37 7.367 608 78.40
------------------------------------------------------------------------------------------------------------------------------------
** 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
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PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
RISK CATEGORY MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
8A 724 $138,813,824.13 5.55% 347 37.37 6.197 739 78.32
7A 830 160,384,991.59 6.42 348 39.04 6.321 693 80.63
6A 893 170,399,375.38 6.82 348 38.67 6.424 668 81.03
5A 1,202 225,682,439.59 9.03 352 39.34 6.543 649 81.86
4A 1,312 226,319,046.39 9.05 352 38.95 6.787 631 81.49
3A 1,222 205,751,857.82 8.23 352 37.94 7.070 614 79.40
2A 3,730 580,527,778.52 23.22 353 39.11 7.413 584 80.07
A 1,289 202,086,818.23 8.08 355 38.95 8.007 577 79.07
B 2,453 337,802,874.43 13.51 354 41.59 8.583 548 75.92
C 1,594 215,688,575.84 8.63 355 40.91 8.534 541 69.34
D 294 36,542,582.83 1.46 355 39.40 8.746 525 56.81
====================================================================================================================================
TOTAL: 15,543 $2,500,000,164.75 100.00% 352 39.37 7.367 608 78.40
------------------------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
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PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
PROPERTY TYPE MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Single Family
Detached 13,404 $2,122,788,620.09 84.91% 352 39.36 7.366 606 78.68
Two-to-Four Family 747 159,319,824.37 6.37 355 39.91 7.385 628 74.54
Condominium 530 89,999,827.53 3.60 354 38.59 7.037 619 78.98
PUD Detached 451 84,295,666.90 3.37 353 40.50 7.418 604 79.88
Manufactured Housing 253 22,413,311.88 0.90 340 35.64 8.022 616 69.76
Single Family
Attached 108 12,606,839.73 0.50 345 38.05 7.970 595 78.43
PUD Attached 50 8,576,074.25 0.34 356 41.62 7.607 608 82.68
====================================================================================================================================
TOTAL: 15,543 $2,500,000,164.75 100.00% 352 39.37 7.367 608 78.40
------------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
PREPAYMENT CHARGE BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
TERM AT ORIGINATION NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
(MONTHS) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
0 5,001 $ 767,765,121.31 30.71% 352 39.53 7.866 604 78.21
12 388 76,841,399.46 3.07 348 40.16 6.992 633 74.16
24 22 4,416,465.98 0.18 354 35.90 7.375 644 82.26
30 24 4,683,506.22 0.19 353 38.26 7.825 608 85.55
36 10,108 1,646,293,671.78 65.85 353 39.27 7.150 609 78.66
====================================================================================================================================
TOTAL: 15,543 $2,500,000,164.75 100.00% 352 39.37 7.367 608 78.40
------------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
CONFORMING NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
BALANCE MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Conforming Balance 14,664 $2,126,315,103.64 85.05% 351 39.28 7.483 604 78.07
Non-Conforming
Balance 879 373,685,061.11 14.95 356 39.88 6.709 632 80.27
====================================================================================================================================
TOTAL: 15,543 $2,500,000,164.75 100.00% 352 39.37 7.367 608 78.40
------------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
RANGE OF BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
MAXIMUM MORTGAGE NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
RATES (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 131 $ 33,904,277.38 1.61% 352 36.75 5.355 704 75.82
11.500 - 11.999 1,256 291,538,713.48 13.88 355 38.97 5.818 663 78.86
12.000 - 12.499 1,110 225,363,277.49 10.73 355 38.90 6.256 627 79.15
12.500 - 12.999 2,363 441,289,761.23 21.01 355 39.23 6.768 612 80.52
13.000 - 13.499 1,169 192,539,907.84 9.17 355 39.80 7.258 589 77.75
13.500 - 13.999 2,370 364,211,525.14 17.34 355 39.77 7.766 574 77.85
14.000 - 14.499 916 125,093,537.95 5.96 356 40.11 8.251 569 77.79
14.500 - 14.999 1,586 202,424,028.35 9.64 355 40.39 8.757 562 77.42
15.000 - 15.499 477 59,723,421.48 2.84 355 40.38 9.247 562 78.32
15.500 - 15.999 747 89,774,549.21 4.27 354 40.37 9.735 559 77.68
16.000 - 16.499 255 26,784,138.80 1.28 355 40.73 10.238 557 77.44
16.500 - 16.999 271 26,891,904.20 1.28 357 40.86 10.731 552 77.92
17.000 - 17.499 84 7,318,304.05 0.35 354 40.55 11.248 553 75.54
17.500 - 17.999 84 7,937,586.67 0.38 356 38.88 11.745 555 77.71
18.000 - 18.499 26 3,949,641.71 0.19 356 42.08 12.297 563 81.00
18.500 - 18.999 18 1,814,786.35 0.09 358 39.02 12.731 540 76.79
19.000 - 19.499 1 63,985.69 0.00 359 52.00 13.100 575 79.01
====================================================================================================================================
TOTAL: 12,864 $2,100,623,347.02 100.00% 355 39.56 7.399 600 78.60
------------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
RANGE OF BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
MINIMUM MORTGAGE NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
RATES (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 131 $ 33,904,277.38 1.61% 352 36.75 5.355 704 75.82
5.500 - 5.999 1,256 291,538,713.48 13.88 355 38.97 5.818 663 78.86
6.000 - 6.499 1,110 225,363,277.49 10.73 355 38.90 6.256 627 79.15
6.500 - 6.999 2,363 441,289,761.23 21.01 355 39.23 6.768 612 80.52
7.000 - 7.499 1,169 192,539,907.84 9.17 355 39.80 7.258 589 77.75
7.500 - 7.999 2,370 364,211,525.14 17.34 355 39.77 7.766 574 77.85
8.000 - 8.499 916 125,093,537.95 5.96 356 40.11 8.251 569 77.79
8.500 - 8.999 1,586 202,424,028.35 9.64 355 40.39 8.757 562 77.42
9.000 - 9.499 477 59,723,421.48 2.84 355 40.38 9.247 562 78.32
9.500 - 9.999 747 89,774,549.21 4.27 354 40.37 9.735 559 77.68
10.000 - 10.499 255 26,784,138.80 1.28 355 40.73 10.238 557 77.44
10.500 - 10.999 271 26,891,904.20 1.28 357 40.86 10.731 552 77.92
11.000 - 11.499 84 7,318,304.05 0.35 354 40.55 11.248 553 75.54
11.500 - 11.999 84 7,937,586.67 0.38 356 38.88 11.745 555 77.71
12.000 - 12.499 26 3,949,641.71 0.19 356 42.08 12.297 563 81.00
12.500 - 12.999 18 1,814,786.35 0.09 358 39.02 12.731 540 76.79
13.000 - 13.499 1 63,985.69 0.00 359 52.00 13.100 575 79.01
====================================================================================================================================
TOTAL: 12,864 $2,100,623,347.02 100.00% 355 39.56 7.399 600 78.60
------------------------------------------------------------------------------------------------------------------------------------
MARGINS OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
RANGE OF BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
MORTGAGE NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
MARGINS (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
3.000 - 3.249 1 $ 559,387.05 0.03% 359 35.00 5.500 742 79.43
3.250 - 3.499 3 407,679.98 0.02 359 32.57 7.333 593 83.21
3.500 - 3.749 2 859,766.30 0.04 359 34.68 5.548 703 66.68
3.750 - 3.999 4 931,681.71 0.04 358 34.09 7.594 749 83.57
4.000 - 4.249 8 1,319,238.38 0.06 359 40.20 7.296 597 84.05
4.250 - 4.499 11 1,474,996.82 0.07 349 37.76 6.716 645 81.00
4.500 - 4.749 39 6,838,499.48 0.33 356 38.40 5.762 730 80.44
4.750 - 4.999 387 82,532,726.17 3.93 355 38.52 6.156 727 81.65
5.000 - 5.249 569 116,773,027.91 5.56 355 39.59 6.248 686 81.87
5.250 - 5.499 640 127,901,702.30 6.09 354 38.90 6.334 663 81.91
5.500 - 5.749 876 171,371,800.11 8.16 356 39.48 6.475 646 82.33
5.750 - 5.999 1,337 231,505,325.65 11.02 355 38.90 6.796 619 80.97
6.000 - 6.249 4,040 657,093,407.80 31.28 355 38.99 7.346 590 80.31
6.250 - 6.499 1,217 185,961,365.29 8.85 356 39.08 8.062 571 78.26
6.500 - 6.749 2,219 311,209,644.67 14.82 355 41.56 8.531 547 75.27
6.750 - 6.999 1,511 203,883,097.40 9.71 355 40.54 8.598 537 67.41
====================================================================================================================================
TOTAL: 12,864 $2,100,623,347.02 100.00% 355 39.56 7.399 600 78.60
------------------------------------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
NEXT RATE BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
ADJUSTMENT NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
DATE MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
2005-12 2 $ 191,727.68 0.01% 352 32.48 8.225 608 89.77
2006-01 289 40,783,298.43 1.94 347 39.78 8.512 586 77.18
2006-02 511 82,336,572.47 3.92 352 41.13 7.744 585 78.61
2006-03 316 50,709,095.25 2.41 351 39.45 7.308 582 78.35
2006-04 24 3,848,294.63 0.18 356 42.49 7.827 571 77.03
2006-05 20 3,425,304.59 0.16 357 45.14 7.719 639 84.76
2006-06 276 41,357,167.57 1.97 356 38.49 7.463 593 78.37
2006-07 11,138 1,839,530,892.40 87.57 356 39.47 7.342 602 78.65
2006-08 288 38,440,994.00 1.83 352 40.90 8.174 587 78.05
====================================================================================================================================
Total: 12,864 $2,100,623,347.02 100.00% 355 39.56 7.399 600 78.60
------------------------------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
INITIAL BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
PERIODIC NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
RATE CAP (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
2 12,864 $2,100,623,347.02 100.00% 355 39.56 7.399 600 78.60
====================================================================================================================================
TOTAL: 12,864 $2,100,623,347.02 100.00% 355 39.56 7.399 600 78.60
------------------------------------------------------------------------------------------------------------------------------------
SUBSEQUENT PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
SUBSEQUENT BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
PERIODIC NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
RATE CAP (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
1 12,864 $2,100,623,347.02 100.00% 355 39.56 7.399 600 78.60
====================================================================================================================================
TOTAL: 12,864 $2,100,623,347.02 100.00% 355 39.56 7.399 600 78.60
------------------------------------------------------------------------------------------------------------------------------------
GROUP I MORTGAGE LOAN STATISTICS
The Group I Mortgage Loans consist of 14,585 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $2,116,067,324.09, 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 I Mortgage Loans had a first Due Date prior to
January 2004 or after September 2004, or will have a remaining term to stated
maturity of less than 114 months or greater than360 months as of the Cut-off
Date. The latest maturity date of any Group I Mortgage Loan is August 1, 2034.
COLLATERAL TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
COLLATERAL NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
TYPE MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
2 YEAR ARMS 12,055 $1,773,950,968.73 83.83% 355 39.48 7.518 596 78.29
FIXED 2,530 342,116,355.36 16.17 334 38.23 7.286 645 77.13
====================================================================================================================================
TOTAL: 14,585 $2,116,067,324.09 100.00% 351 39.28 7.481 604 78.10
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
RANGE OF PRINCIPAL REMAINING DEBT
PRINCIPAL BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
BALANCES AT NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
ORIGINATION ($) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO* (%)
------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 4,811 $ 376,981,381.00 17.79% 342 37.02 8.361 591 74.86
100,000.01 - 150,000.00 4,189 517,843,390.00 24.43 351 38.88 7.597 598 78.48
150,000.01 - 200,000.00 2,576 448,711,837.00 21.17 353 39.62 7.328 602 78.34
200,000.01 - 250,000.00 1,534 342,956,653.00 16.18 355 40.25 7.143 610 78.79
250,000.01 - 300,000.00 975 266,756,334.00 12.59 356 40.52 7.015 613 79.12
300,000.01 - 350,000.00 421 133,971,032.00 6.32 356 40.52 6.955 625 80.98
350,000.01 - 400,000.00 43 15,963,050.00 0.75 358 39.66 7.054 628 79.10
400,000.01 - 450,000.00 21 8,880,158.00 0.42 358 43.14 7.177 649 77.80
450,000.01 - 500,000.00 11 5,322,990.00 0.25 358 41.94 6.852 658 79.11
500,000.01 - 550,000.00 2 1,032,000.00 0.05 357 49.98 7.836 663 81.83
550,000.01 - 600,000.00 2 1,162,500.00 0.05 359 44.39 6.061 745 79.98
====================================================================================================================================
TOTAL: 14,585 $2,119,581,325.00 100.00% 351 39.27 7.480 604 78.10
------------------------------------------------------------------------------------------------------------------------------------
*Based on the original balances of the Mortgage Loans.
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
------------------------------------------------------------------------------------------------------------------------------------
RANGE OF PRINCIPAL REMAINING DEBT
PRINCIPAL BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
BALANCES AS OF THE NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
CUT-OFF DATE ($) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 4,818 $377,018,521.86 17.82% 342 37.01 8.359 591 74.84
100,000.01 - 150,000.00 4,190 517,462,712.50 24.45 351 38.89 7.599 598 78.51
150,000.01 - 200,000.00 2,574 447,994,407.66 21.17 353 39.63 7.325 602 78.35
200,000.01 - 250,000.00 1,532 342,235,323.09 16.17 356 40.24 7.143 610 78.76
250,000.01 - 300,000.00 975 266,512,827.16 12.59 356 40.49 7.017 613 79.15
300,000.01 - 350,000.00 417 132,534,665.33 6.26 356 40.56 6.954 625 80.90
350,000.01 - 400,000.00 43 15,938,618.41 0.75 358 39.66 7.054 628 79.10
400,000.01 - 450,000.00 21 8,863,536.73 0.42 358 43.14 7.178 649 77.79
450,000.01 - 500,000.00 11 5,315,462.15 0.25 358 41.94 6.852 658 79.11
500,000.01 - 550,000.00 2 1,029,896.79 0.05 357 49.98 7.835 663 81.82
550,000.01 - 600,000.00 2 1,161,352.41 0.05 359 44.39 6.061 745 79.98
====================================================================================================================================
TOTAL: 14,585 $2,116,067,324.09 100.00% 351 39.28 7.481 604 78.10
------------------------------------------------------------------------------------------------------------------------------------
STATED REMAINING TERM TO MATURITY
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
RANGE OF BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
MONTHS NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
REMAINING MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
60 - 120 46 $ 3,863,006.69 0.18% 118 37.54 7.957 627 66.89
121 - 180 414 41,246,781.38 1.95 178 35.27 7.449 626 73.03
181 - 240 405 46,984,795.34 2.22 238 38.43 7.394 626 75.40
241 - 300 43 5,044,365.06 0.24 298 36.75 7.230 675 74.02
301 - 360 13,677 2,018,928,375.62 95.41 358 39.39 7.483 602 78.30
====================================================================================================================================
TOTAL: 14,585 $ 2,116,067,324.09 100.00% 351 39.28 7.481 604 78.10
------------------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
RANGE OF BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
MONTHS NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
REMAINING MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 99 $ 20,540,610.14 0.97% 352 37.61 5.350 704 75.22
5.500 - 5.999 1,242 236,004,901.77 11.15 351 38.49 5.812 667 77.65
6.000 - 6.499 1,269 225,229,648.61 10.64 352 38.38 6.259 640 78.21
6.500 - 6.999 2,778 454,908,390.12 21.50 351 38.80 6.770 621 79.62
7.000 - 7.499 1,389 208,744,244.36 9.86 351 39.42 7.259 598 78.08
7.500 - 7.999 2,695 382,034,363.26 18.05 352 39.50 7.765 581 77.90
8.000 - 8.499 1,061 135,435,625.17 6.40 352 40.06 8.251 573 77.69
8.500 - 8.999 1,817 216,443,987.37 10.23 351 40.10 8.756 565 77.06
9.000 - 9.499 540 61,575,181.82 2.91 352 40.33 9.248 565 77.52
9.500 - 9.999 845 93,086,010.00 4.40 351 40.03 9.742 559 77.33
10.000 - 10.499 290 29,578,015.03 1.40 352 40.85 10.239 558 77.09
10.500 - 10.999 319 30,559,205.22 1.44 352 40.49 10.728 553 77.34
11.000 - 11.499 98 8,343,892.59 0.39 349 40.98 11.256 554 75.38
11.500 - 11.999 94 8,411,445.03 0.40 354 38.75 11.743 558 77.40
12.000 - 12.499 32 3,428,398.97 0.16 355 42.61 12.266 557 78.26
12.500 - 12.999 17 1,743,404.63 0.08 358 38.66 12.741 540 76.45
====================================================================================================================================
TOTAL: 14,585 $ 2,116,067,324.09 100.00% 351 39.28 7.481 604 78.10
------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
RANGE OF BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
ORIGINAL LOAN- NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
TO-VALUE RATIOS (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 25.000 67 $6,158,273.11 0.29% 346 37.32 7.772 623 20.42
25.001 - 30.000 66 7,011,789.20 0.33 321 36.08 7.105 638 27.84
30.001 - 35.000 64 7,569,549.67 0.36 344 34.84 7.200 602 32.50
35.001 - 40.000 93 10,789,059.55 0.51 343 38.53 7.492 595 37.89
40.001 - 45.000 146 16,828,928.58 0.80 347 36.85 7.330 600 42.84
45.001 - 50.000 234 31,645,713.93 1.50 345 37.34 7.302 599 47.92
50.001 - 55.000 292 37,288,246.90 1.76 346 36.72 7.350 598 52.85
55.001 - 60.000 634 83,924,679.59 3.97 347 38.39 7.718 578 58.34
60.001 - 65.000 622 82,523,360.10 3.90 350 38.83 7.640 585 63.08
65.001 - 70.000 921 135,381,841.25 6.40 349 37.79 7.323 598 68.03
70.001 - 75.000 2,348 317,742,921.80 15.02 352 39.39 7.885 576 73.76
75.001 - 80.000 2,430 352,509,672.04 16.66 349 38.93 7.322 609 78.72
80.001 - 85.000 2,608 394,237,032.44 18.63 354 40.19 7.685 595 83.76
85.001 - 90.000 3,845 596,638,977.43 28.20 353 39.79 7.260 624 89.17
90.001 - 95.000 215 35,817,278.50 1.69 354 39.31 6.991 690 93.89
====================================================================================================================================
TOTAL: 14,585 $2,116,067,324.09 100.00% 351 39.28 7.481 604 78.10
------------------------------------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
RANGE OF NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
FICO SCORES MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
500 - 519 801 $100,278,092.34 4.74% 355 40.95 8.683 510 67.82
520 - 539 1,568 206,369,281.89 9.75 354 41.96 8.632 529 74.17
540 - 559 1,873 251,820,456.89 11.90 354 40.04 8.174 551 76.63
560 - 579 1,996 277,334,359.01 13.11 354 39.21 7.825 569 78.26
580 - 599 1,675 242,092,612.28 11.44 352 38.99 7.696 589 78.68
600 - 619 1,570 230,648,975.86 10.90 351 38.24 7.338 609 78.99
620 - 639 1,553 236,094,085.28 11.16 351 38.69 7.004 629 80.59
640 - 659 1,269 203,266,010.65 9.61 351 39.08 6.701 649 81.21
660 - 679 857 135,409,326.34 6.40 346 38.50 6.599 669 80.62
680 - 699 582 94,505,558.63 4.47 348 38.58 6.514 689 81.15
700 - 719 347 58,007,386.32 2.74 347 38.59 6.404 709 81.17
720 - 739 190 31,001,049.87 1.47 347 37.94 6.186 728 80.53
740 - 759 166 26,811,416.21 1.27 345 37.34 6.126 748 74.80
760 - 779 84 14,238,208.06 0.67 341 34.50 6.203 768 70.60
780 - 799 44 6,755,964.95 0.32 332 34.49 6.255 788 69.43
800 - 819 10 1,434,539.51 0.07 329 35.04 7.019 809 60.69
====================================================================================================================================
TOTAL: 14,585 $2,116,067,324.09 100.00% 351 39.28 7.481 604 78.10
------------------------------------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
RANGE OF DEBT BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
-TO-INCOME NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
RATIOS (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 20.000 938 $ 119,987,239.90 5.67% 347 14.98 7.464 612 75.10
20.001 - 25.000 946 120,459,241.92 5.69 349 23.17 7.413 609 75.55
25.001 - 30.000 1,354 181,517,905.56 8.58 350 28.19 7.423 606 76.79
30.001 - 35.000 1,770 247,813,602.66 11.71 351 33.13 7.390 609 78.27
35.001 - 40.000 2,115 306,737,607.13 14.50 351 38.17 7.409 605 78.19
40.001 - 45.000 2,685 405,339,837.48 19.16 353 43.07 7.437 607 78.87
45.001 - 50.000 3,839 598,278,643.79 28.27 353 48.16 7.389 608 79.79
50.001 - 55.000 938 135,933,245.65 6.42 354 53.09 8.492 547 74.50
====================================================================================================================================
TOTAL: 14,585 $ 2,116,067,324.09 100.00% 351 39.28 7.481 604 78.10
------------------------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
STATE MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
California 1,925 $ 385,319,654.64 18.21% 355 39.27 6.822 613 73.72
Florida 2,148 263,605,747.83 12.46 353 39.74 7.577 592 79.29
New York 731 144,112,910.81 6.81 352 40.71 7.692 610 73.76
Massachusetts 685 134,268,784.75 6.35 356 39.96 7.103 607 73.60
Illinois 695 102,609,520.16 4.85 352 40.05 8.048 594 78.70
Maryland 629 99,349,097.86 4.69 352 38.83 7.367 603 80.20
Texas 959 97,334,849.68 4.60 338 39.40 8.238 593 76.93
Michigan 643 76,133,260.41 3.60 354 38.61 7.660 594 80.56
Minnesota 416 67,404,940.45 3.19 354 39.31 7.321 612 82.10
Pennsylvania 542 64,634,569.04 3.05 344 38.75 7.506 601 80.65
Georgia 407 51,532,360.31 2.44 350 38.11 8.622 596 81.96
Connecticut 325 51,424,986.16 2.43 352 40.01 7.375 606 77.75
Washington 292 50,109,986.01 2.37 354 39.56 7.221 612 80.44
Wisconsin 364 47,187,420.31 2.23 352 39.41 8.084 606 81.88
Colorado 251 39,236,639.39 1.85 355 40.31 7.286 612 80.53
Indiana 335 35,704,209.29 1.69 348 36.90 7.522 608 84.06
Rhode Island 201 35,386,094.89 1.67 356 39.88 6.935 604 75.01
Tennessee 286 32,534,922.47 1.54 340 37.18 7.679 602 82.52
Alabama 300 31,285,417.72 1.48 343 39.26 8.151 599 82.33
Arizona 224 29,816,805.17 1.41 357 38.35 7.395 610 82.62
Other 2,227 277,075,146.74 13.09 349 38.33 7.679 603 80.76
====================================================================================================================================
TOTAL: 14,585 $ 2,116,067,324.09 100.00% 351 39.28 7.481 604 78.10
------------------------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
OCCUPATION NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
STATUS* MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 13,962 $ 2,034,791,152.63 96.16% 351 39.48 7.471 603 78.19
Non-owner
Occupied 509 67,048,425.39 3.17 351 32.97 7.637 634 74.91
Second Home 114 14,227,746.07 0.67 353 39.70 8.156 626 79.59
====================================================================================================================================
TOTAL: 14,585 $ 2,116,067,324.09 100.00% 351 39.28 7.481 604 78.10
------------------------------------------------------------------------------------------------------------------------------------
*Based on mortgagor representation at origination.
DOCUMENTATION TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
INCOME NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
DOCUMENTATION MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Full Docs 10,499 $ 1,515,432,275.12 71.62% 351 39.32 7.364 604 79.13
Stated Docs 2,291 333,765,543.43 15.77 352 39.52 7.942 608 72.56
Limited Docs 1,795 266,869,505.54 12.61 354 38.74 7.564 597 79.15
====================================================================================================================================
TOTAL: 14,585 $ 2,116,067,324.09 100.00% 351 39.28 7.481 604 78.10
------------------------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
PURPOSE MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Refi-Cash Out ** 13,565 $ 1,976,595,496.96 93.41% 352 39.23 7.485 603 77.92
Refi-No Cashout *** 993 135,953,089.16 6.42 351 39.98 7.411 612 80.48
Purchase 27 3,518,737.97 0.17 359 35.67 7.922 629 85.02
====================================================================================================================================
TOTAL: 14,585 $ 2,116,067,324.09 100.00% 351 39.28 7.481 604 78.10
------------------------------------------------------------------------------------------------------------------------------------
** Cash proceeds to the borrower inclusive of debt consolidation
payments exceed 2% or $2000 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 $2000 of the original principal balance of
the related loan. Excludes home equity loans originated in Texas with
any cash proceeds.
CREDIT GRADE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
RISK NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
CATEGORY MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
8A 643 $ 105,619,222.87 4.99% 345 37.12 6.243 740 77.47
7A 733 118,858,897.88 5.62 346 38.87 6.424 693 81.01
6A 784 124,323,178.13 5.88 346 38.41 6.516 668 80.86
5A 1,079 176,380,001.58 8.34 351 39.13 6.585 649 81.76
4A 1,212 185,151,923.06 8.75 351 38.80 6.858 631 81.48
3A 1,142 172,601,720.03 8.16 351 38.04 7.144 614 79.28
2A 3,550 505,994,651.29 23.91 352 38.87 7.472 584 79.97
A 1,229 178,909,956.58 8.45 355 38.84 8.040 577 78.92
B 2,375 311,982,142.99 14.74 354 41.48 8.607 548 75.84
C 1,546 200,618,579.54 9.48 355 40.77 8.555 540 69.49
D 292 35,627,050.14 1.68 355 39.43 8.731 525 56.78
====================================================================================================================================
TOTAL: 14,585 $ 2,116,067,324.09 100.00% 351 39.28 7.481 604 78.10
------------------------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
PROPERTY NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
TYPE MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Single Family Detached 12,569 $ 1,790,082,907.48 84.59% 351 39.27 7.484 601 78.42
Two-to-Four Family 717 145,651,630.55 6.88 355 39.97 7.415 626 74.01
Condominium 496 76,436,125.34 3.61 354 38.21 7.074 620 78.65
PUD Detached 399 62,089,954.58 2.93 351 40.48 7.705 598 80.06
Manufactured Housing 249 21,684,651.48 1.02 339 35.79 8.051 614 69.89
Single Family Attached 106 11,901,183.21 0.56 344 37.79 8.035 593 78.70
PUD Attached 49 8,220,871.45 0.39 356 41.04 7.638 609 82.36
====================================================================================================================================
TOTAL: 14,585 $ 2,116,067,324.09 100.00% 351 39.28 7.481 604 78.10
------------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
PREPAYMENT CHARGE BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
TERM AT NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
ORIGINATION (MOS.) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
0 4,728 $ 659,309,602.89 31.16% 351 39.43 7.985 599 78.05
12 361 65,758,788.37 3.11 348 40.15 7.026 626 73.51
24 17 2,087,735.11 0.10 349 39.17 8.363 632 83.01
30 23 4,322,552.92 0.20 352 37.95 7.894 612 85.59
36 9,456 1,384,588,644.80 65.43 352 39.17 7.259 605 78.31
====================================================================================================================================
TOTAL: 14,585 $ 2,116,067,324.09 100.00% 351 39.28 7.481 604 78.10
------------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
CONFORMING NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
BALANCE MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Conforming Balance 14,585 $ 2,116,067,324.09 100.00% 351 39.28 7.481 604 78.10
====================================================================================================================================
TOTAL: 14,585 $ 2,116,067,324.09 100.00% 351 39.28 7.481 604 78.10
------------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
RANGE OF BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
MAXIMUM MORTGAGE NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
RATES (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 98 $ 20,243,969.72 1.14% 352 37.59 5.350 704 75.09
11.500 - 11.999 1,031 197,713,782.55 1.15 354 38.63 5.817 661 78.16
12.000 - 12.499 998 176,035,755.23 9.92 355 38.56 6.261 627 79.05
12.500 - 12.999 2,174 362,896,614.61 0.46 355 39.08 6.772 611 80.13
13.000 - 13.499 1,123 173,363,940.80 9.77 355 39.63 7.259 588 77.70
13.500 - 13.999 2,283 329,007,378.62 8.55 355 39.61 7.768 574 77.75
14.000 - 14.499 895 117,259,509.35 6.61 355 40.40 8.251 566 77.49
14.500 - 14.999 1,546 188,690,585.50 0.64 355 40.32 8.757 562 77.26
15.000 - 15.499 463 54,611,269.37 3.08 356 40.50 9.247 563 77.90
15.500 - 15.999 718 81,644,464.38 4.60 354 39.99 9.743 558 77.52
16.000 - 16.499 253 26,633,090.58 1.50 355 40.74 10.238 558 77.40
16.500 - 16.999 268 26,588,713.33 1.50 357 40.77 10.729 553 77.89
17.000 - 17.499 83 7,246,054.05 0.41 356 40.55 11.249 554 75.44
17.500 - 17.999 82 7,540,774.12 0.43 355 39.05 11.740 556 77.55
18.000 - 18.499 23 2,731,661.89 0.15 355 42.83 12.260 557 78.15
18.500 - 18.999 17 1,743,404.63 0.10 358 38.66 12.741 540 76.45
====================================================================================================================================
TOTAL: 12,055 $1,773,950,968.73 100.00% 355 39.48 7.518 596 78.29
------------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
RANGE OF BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
MINIMUM MORTGAGE NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
RATES (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 98 $ 20,243,969.72 1.14% 352 37.59 5.350 704 75.09
5.500 - 5.999 1,031 197,713,782.55 11.15 354 38.63 5.817 661 78.16
6.000 - 6.499 998 176,035,755.23 9.92 355 38.56 6.261 627 79.05
6.500 - 6.999 2,174 362,896,614.61 20.46 355 39.08 6.772 611 80.13
7.000 - 7.499 1,123 173,363,940.80 9.77 355 39.63 7.259 588 77.70
7.500 - 7.999 2,283 329,007,378.62 18.55 355 39.61 7.768 574 77.75
8.000 - 8.499 895 117,259,509.35 6.61 355 40.40 8.251 566 77.49
8.500 - 8.999 1,546 188,690,585.50 10.64 355 40.32 8.757 562 77.26
9.000 - 9.499 463 54,611,269.37 3.08 356 40.50 9.247 563 77.90
9.500 - 9.999 718 81,644,464.38 4.60 354 39.99 9.743 558 77.52
10.000 - 10.499 253 26,633,090.58 1.50 355 40.74 10.238 558 77.40
10.500 - 10.999 268 26,588,713.33 1.50 357 40.77 10.729 553 77.89
11.000 - 11.499 83 7,246,054.05 0.41 356 40.55 11.249 554 75.44
11.500 - 11.999 82 7,540,774.12 0.43 355 39.05 11.740 556 77.55
12.000 - 12.499 23 2,731,661.89 0.15 355 42.83 12.260 557 78.15
12.500 - 12.999 17 1,743,404.63 0.10 358 38.66 12.741 540 76.45
====================================================================================================================================
TOTAL: 12,055 $ 1,773,950,968.73 100.00% 355 39.48 7.518 596 78.29
------------------------------------------------------------------------------------------------------------------------------------
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
RANGE OF BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
GROSS NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
MARGINS (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
3.250 - 3.499 3 $ 407,679.98 0.02% 359 32.57 7.333 593 83.21
3.750 - 3.999 4 931,681.71 0.05 358 34.09 7.594 749 83.57
4.000 - 4.249 8 1,319,238.38 0.07 359 40.20 7.296 597 84.05
4.250 - 4.499 11 1,474,996.82 0.08 349 37.76 6.716 645 81.00
4.500 - 4.749 36 5,379,053.18 0.30 356 36.66 5.790 731 79.55
4.750 - 4.999 328 57,440,272.54 3.24 354 38.31 6.210 728 81.12
5.000 - 5.249 490 82,710,477.53 4.66 353 39.14 6.328 686 82.20
5.250 - 5.499 550 90,626,395.24 5.11 354 38.77 6.418 663 82.04
5.500 - 5.749 779 131,749,884.91 7.43 356 39.38 6.518 646 82.47
5.750 - 5.999 1,249 194,029,800.12 10.94 355 38.75 6.862 618 80.84
6.000 - 6.249 3,815 563,691,500.25 31.78 354 38.87 7.412 590 80.20
6.250 - 6.499 1,166 167,063,448.28 9.42 356 39.09 8.097 571 78.17
6.500 - 6.749 2,141 285,243,107.97 16.08 355 41.44 8.554 547 75.20
6.750 - 6.999 1,475 191,883,431.82 10.82 355 40.46 8.614 536 67.47
====================================================================================================================================
TOTAL: 12,055 $ 1,773,950,968.73 100.00% 355 39.48 7.518 596 78.29
------------------------------------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
NEXT RATE BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
ADJUSTMENT NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
DATE MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
2005-12 2 $ 191,727.68 0.01% 352 32.48 8.225 608 89.77
2006-01 279 37,774,511.52 2.13 347 39.73 8.562 584 77.14
2006-02 483 71,610,941.63 4.04 352 41.27 7.871 581 78.52
2006-03 305 46,460,246.72 2.62 351 39.55 7.342 582 77.85
2006-04 21 3,076,089.90 0.17 356 42.10 8.191 555 75.39
2006-05 18 2,552,431.04 0.14 357 44.39 7.894 623 85.73
2006-06 252 32,992,697.26 1.86 355 38.54 7.567 589 77.64
2006-07 10,415 1,541,566,878.98 86.90 355 39.35 7.462 597 78.33
2006-08 280 37,725,444.00 2.13 355 41.07 8.163 588 78.17
====================================================================================================================================
TOTAL: 12,055 $1,773,950,968.73 100.00% 355 39.48 7.518 596 78.29
------------------------------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
INITIAL BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
PERIODIC NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
RATE CAP (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
2 12,055 $1,773,950,968.73 100.00% 355 39.48 7.518 596 78.29
====================================================================================================================================
TOTAL: 12,055 $1,773,950,968.73 100.00% 355 39.48 7.518 596 78.29
------------------------------------------------------------------------------------------------------------------------------------
PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
SUBSEQUENT BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
PERIODIC NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
RATE CAP (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
1 12,055 $ 1,773,950,968.73 100.00% 355 39.48 7.518 596 78.29
====================================================================================================================================
TOTAL: 12,055 $ 1,773,950,968.73 100.00% 355 39.48 7.518 596 78.29
------------------------------------------------------------------------------------------------------------------------------------
GROUP II MORTGAGE LOAN STATISTICS
The Group II Mortgage Loans consist of 958 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $383,932,840.66, 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
February 2004 or after September 2004 or will have a remaining term to stated
maturity of less than 175 months or greater than 359 months as of the Cut-off
Date. The latest maturity date of any Group II Mortgage Loan is July 1, 2034.
COLLATERAL TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
COLLATERAL NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
TYPE MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
2 YEAR ARMS 809 $ 326,672,378.29 85.09% 357 40.00 6.751 626 80.31
FIXED 149 57,260,462.37 14.91 348 39.24 6.685 660 78.68
====================================================================================================================================
TOTAL: 958 $ 383,932,840.66 100.00% 356 39.89 6.741 631 80.07
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
RANGE OF PRINCIPAL REMAINING DEBT
PRINCIPAL BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
BALANCES NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
AT ORIGINATION ($) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
50,001 - 100,000 35 $ 2,749,000.00 0.71% 331 37.76 8.866 581 74.46
100,001 - 150,000 22 2,703,750.00 0.70 351 41.07 7.696 588 71.67
150,001 - 200,000 10 1,699,068.00 0.44 347 35.46 7.519 626 69.94
200,001 - 250,000 5 1,098,750.00 0.29 358 43.13 6.987 610 77.33
250,001 - 300,000 5 1,354,000.00 0.35 358 44.62 8.143 599 74.30
300,001 - 350,000 137 46,982,284.00 12.22 358 40.47 6.837 621 79.83
350,001 - 400,000 291 108,413,574.00 28.19 357 40.98 6.802 623 80.59
400,001 - 450,000 180 76,683,104.00 19.94 354 39.59 6.633 637 80.85
450,001 - 500,000 133 63,504,018.00 16.52 357 39.73 6.588 633 80.70
500,001 - 550,000 52 27,449,146.00 7.14 353 37.53 6.629 642 79.90
550,001 - 600,000 83 48,438,676.00 12.60 355 39.04 6.749 641 79.09
600,001 - 650,000 1 645,000.00 0.17 358 32.00 6.100 640 83.77
650,001 - 700,000 3 2,050,000.00 0.53 359 35.15 5.874 685 69.49
700,001 - 750,000 1 749,999.00 0.20 359 49.00 6.250 652 68.18
====================================================================================================================================
TOTAL: 958 $ 384,520,369.00 100.00% 356 39.89 6.741 631 80.07
------------------------------------------------------------------------------------------------------------------------------------
*Based on the original balances of the Mortgage Loans.
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
------------------------------------------------------------------------------------------------------------------------------------
RANGE OF PRINCIPAL REMAINING DEBT
PRINCIPAL BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
BALANCES NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
CUT-OFF DATE ($) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 35 $ 2,746,618.66 0.72% 331 37.76 8.866 581 74.46
100,000.01 - 150,000.00 22 2,699,410.90 0.70 351 41.07 7.696 588 71.68
150,000.01 - 200,000.00 10 1,696,163.34 0.44 347 35.45 7.519 626 69.94
200,000.01 - 250,000.00 5 1,096,502.93 0.29 358 43.13 6.987 610 77.34
250,000.01 - 300,000.00 5 1,352,223.21 0.35 358 44.62 8.145 599 74.30
300,000.01 - 350,000.00 139 47,614,195.86 12.40 358 40.33 6.825 622 79.92
350,000.01 - 400,000.00 289 107,537,950.89 28.01 357 41.05 6.808 623 80.56
400,000.01 - 450,000.00 182 77,434,876.13 20.17 354 39.54 6.622 637 80.84
450,000.01 - 500,000.00 131 62,511,057.83 16.28 357 39.80 6.602 633 80.71
500,000.01 - 550,000.00 52 27,417,858.04 7.14 353 37.53 6.629 642 79.90
550,000.01 - 600,000.00 83 48,385,814.06 12.60 355 39.04 6.749 641 79.09
600,000.01 - 650,000.00 1 643,736.96 0.17 358 32.00 6.100 640 83.77
650,000.01 - 700,000.00 3 2,047,144.49 0.53 359 35.15 5.874 685 69.49
700,000.01 - 750,000.00 1 749,287.36 0.20 359 49.00 6.250 652 68.18
====================================================================================================================================
TOTAL: 958 $ 383,932,840.66 100.00% 356 39.89 6.741 631 80.07
------------------------------------------------------------------------------------------------------------------------------------
STATED REMAINING TERM TO MATURITY
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
RANGE OF BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
MONTHS NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
REMAINING MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
120.01 - 180.00 9 $ 2,772,281.58 0.72% 178 34.05 6.731 655 77.71
180.01 - 240.00 12 3,579,450.62 0.93 239 41.24 6.615 670 80.82
240.01 - 300.00 2 780,605.08 0.20 295 36.24 6.878 620 80.32
300.01 - 360.00 935 376,800,503.38 98.14 358 39.92 6.742 630 80.08
====================================================================================================================================
TOTAL: 958 $ 383,932,840.66 100.00% 356 39.89 6.741 631 80.07
------------------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
RANGE OF BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
CURRENT MORTGAGE NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
RATES (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 33 $ 13,660,307.66 3.56% 352 35.51 5.361 706 76.89
5.500 - 5.999 260 107,537,334.06 28.01 356 39.12 5.819 670 80.15
6.000 - 6.499 134 57,441,178.40 14.96 358 39.92 6.239 632 78.97
6.500 - 6.999 246 101,269,132.54 26.38 354 40.16 6.747 626 81.47
7.000 - 7.499 59 24,210,597.93 6.31 355 41.58 7.238 607 78.36
7.500 - 7.999 100 39,606,505.08 10.32 357 41.30 7.738 579 79.21
8.000 - 8.499 22 8,323,728.69 2.17 357 35.70 8.274 610 81.61
8.500 - 8.999 46 15,550,210.30 4.05 358 41.46 8.742 575 80.25
9.000 - 9.499 14 5,112,152.11 1.33 353 39.14 9.239 558 82.80
9.500 - 9.999 31 8,945,045.02 2.33 356 42.82 9.664 561 79.01
10.000 - 10.499 2 151,048.22 0.04 359 38.83 10.294 528 84.42
10.500 - 10.999 3 303,190.87 0.08 359 48.34 10.960 531 80.39
11.000 - 11.499 1 72,250.00 0.02 180 41.00 11.150 521 85.00
11.500 - 11.999 2 396,812.55 0.10 358 35.64 11.830 523 80.65
12.000 - 12.499 3 1,217,979.82 0.32 359 40.42 12.382 576 87.39
12.500 - 12.999 1 71,381.72 0.02 359 48.00 12.500 538 85.00
13.000 - 13.499 1 63,985.69 0.02 359 52.00 13.100 575 79.01
====================================================================================================================================
TOTAL: 958 $ 383,932,840.66 100.00% 356 39.89 6.741 631 80.07
------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
RANGE OF BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
ORIGINAL LOAN-TO- NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
VALUE RATIOS (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 25.000 1 $ 385,593.15 0.10 359 48.00 5.700 630 20.86
25.001 - 30.000 1 499,476.97 0.13 359 48.00 5.750 696 26.65
30.001 - 35.000 2 619,328.48 0.16 359 14.68 5.581 690 32.56
35.001 - 40.000 2 494,152.48 0.13 359 27.10 5.923 687 39.68
40.001 - 45.000 3 1,229,842.70 0.32 359 38.12 6.310 635 43.43
45.001 - 50.000 11 4,151,020.18 1.08 359 45.36 6.834 598 47.52
50.001 - 55.000 13 5,006,178.62 1.30 358 41.37 6.930 641 53.13
55.001 - 60.000 13 4,870,610.03 1.27 336 41.85 6.988 606 58.24
60.001 - 65.000 41 15,523,686.25 4.04 353 37.66 6.790 628 62.72
65.001 - 70.000 63 25,646,784.28 6.68 357 36.75 6.537 623 68.36
70.001 - 75.000 125 47,307,139.46 12.32 356 40.49 6.892 611 73.14
75.001 - 80.000 159 62,903,803.52 16.38 357 41.25 6.647 628 78.60
80.001 - 85.000 197 79,532,917.62 20.72 356 39.35 6.886 622 83.61
85.001 - 90.000 317 131,963,535.56 34.37 355 39.90 6.685 646 88.96
90.001 - 95.000 10 3,798,771.36 0.99 358 44.66 6.489 667 94.18
====================================================================================================================================
TOTAL: 958 $ 383,932,840.66 100.00 356 39.89 6.741 631 80.07
------------------------------------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
RANGE OF NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
FICO SCORES MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
500 - 519 26 $ 7,043,714.34 1.83% 351 46.36 8.511 507 67.99
520 - 539 58 18,560,727.38 4.83 356 43.33 8.435 529 76.26
540 - 559 63 23,456,777.38 6.11 358 38.74 7.652 552 78.51
560 - 579 78 31,415,237.79 8.18 358 40.97 7.361 570 79.77
580 - 599 91 37,574,438.74 9.79 358 41.72 7.047 589 79.34
600 - 619 98 40,731,423.04 10.61 357 37.21 6.899 610 80.55
620 - 639 117 48,153,113.55 12.54 356 39.34 6.538 629 81.52
640 - 659 136 54,373,937.12 14.16 358 40.40 6.469 650 81.97
660 - 679 111 46,900,916.78 12.22 352 39.56 6.196 669 80.99
680 - 699 72 31,389,666.36 8.18 354 39.79 6.061 689 79.93
700 - 719 45 18,616,196.08 4.85 353 39.38 6.030 709 80.04
720 - 739 29 12,704,342.02 3.31 359 37.60 5.902 727 81.00
740 - 759 22 8,705,501.46 2.27 351 39.78 6.232 749 80.05
760 - 779 7 2,597,318.55 0.68 330 30.10 5.940 767 80.41
780 - 799 4 1,244,907.48 0.32 359 45.18 5.984 784 68.61
800 - 819 1 464,622.59 0.12 359 36.00 7.050 805 78.15
====================================================================================================================================
TOTAL: 958 $ 383,932,840.66 100.00% 356 39.89 6.741 631 80.07
------------------------------------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
RANGE OF BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
DEBT-TO-INCOME NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
RATIOS (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 20.000 61 $ 25,840,966.03 6.73% 355 14.82 6.675 637 79.63
20.001 - 25.000 37 14,947,105.88 3.89 343 23.01 6.626 637 80.02
25.001 - 30.000 65 25,328,970.35 6.60 358 28.39 6.648 641 79.37
30.001 - 35.000 103 41,225,058.85 10.74 358 32.73 6.591 631 78.72
35.001 - 40.000 141 56,827,077.51 14.80 357 38.04 6.784 628 81.43
40.001 - 45.000 180 70,634,936.42 18.40 354 43.08 6.655 636 80.33
45.001 - 50.000 303 122,129,442.16 31.81 357 48.14 6.718 633 80.32
50.001 - 55.000 68 26,999,283.46 7.03 355 53.15 7.422 591 78.49
====================================================================================================================================
TOTAL: 958 $ 383,932,840.66 100.00% 356 39.89 6.741 631 80.07
------------------------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
STATE MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
California 488 $ 204,860,656.72 53.36 358 40.49 6.554 632 80.29
New York 106 45,135,323.58 11.76 353 41.17 7.007 639 77.69
Massachusetts 55 22,963,226.77 5.98 358 38.11 6.533 636 80.58
Florida 55 20,652,437.65 5.38 352 38.48 7.087 629 80.79
Maryland 39 15,811,317.97 4.12 358 39.45 6.943 623 79.53
Nevada 23 9,650,806.06 2.51 354 34.62 6.791 624 81.03
Illinois 20 6,998,742.16 1.82 359 41.26 6.945 631 81.92
Connecticut 15 6,414,916.14 1.67 358 36.83 7.114 621 78.31
Colorado 15 6,037,268.71 1.57 358 41.37 6.354 636 82.51
Minnesota 12 4,718,203.08 1.23 358 41.82 6.971 616 81.39
Texas 20 4,698,469.68 1.22 342 38.70 7.787 604 76.62
Washington 10 4,085,310.43 1.06 357 41.36 6.827 631 84.28
Michigan 10 3,738,103.67 0.97 358 40.64 6.601 624 78.71
Georgia 9 3,121,118.91 0.81 359 33.29 7.627 612 86.32
Pennsylvania 8 2,517,708.01 0.66 345 30.61 6.772 616 80.20
Wisconsin 7 2,505,266.83 0.65 357 43.28 7.432 639 82.89
Arizona 5 2,399,483.35 0.62 319 38.02 6.556 616 71.44
Rhode Island 6 2,197,636.99 0.57 359 41.69 6.237 637 82.67
Ohio 15 1,826,841.85 0.48 353 39.24 7.983 598 78.73
Tennessee 7 1,764,352.94 0.46 258 39.85 7.668 625 79.21
Other 33 11,835,649.16 3.08 357 37.53 7.241 628 80.66
====================================================================================================================================
TOTAL: 958 $ 383,932,840.66 100.00% 356 39.89 6.741 631 80.07
------------------------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
OCCUPATION STATUS* MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 930 $ 373,287,090.40 97.23% 356 40.13 6.712 630 80.04
Non-owner Occupied 16 6,098,131.31 1.59 358 25.43 7.634 648 79.30
Second Home 12 4,547,618.95 1.18 358 39.73 7.947 658 83.04
====================================================================================================================================
TOTAL: 958 $ 383,932,840.66 100.00% 356 39.89 6.741 631 80.07
------------------------------------------------------------------------------------------------------------------------------------
*Based on mortgagor representation at origination.
DOCUMENTATION TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
INCOME NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
DOCUMENTATION MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Full Docs 710 $ 285,216,275.64 74.29% 356 39.92 6.658 630 80.44
------------------------------------------------------------------------------------------------------------------------------------
Stated Docs 112 46,062,248.74 12.00 357 42.39 6.960 652 76.92
------------------------------------------------------------------------------------------------------------------------------------
Limited Docs 136 52,654,316.28 13.71 356 37.54 6.998 614 80.82
====================================================================================================================================
TOTAL: 958 $ 383,932,840.66 100.00% 356 39.89 6.741 631 80.07
------------------------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
PURPOSE MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Refi-Cash Out ** 909 $ 365,160,677.02 95.11% 356 39.78 6.746 630 80.00
Refi-No Cashout *** 43 16,546,248.74 4.31 355 41.89 6.724 640 81.94
Purchase 6 2,225,914.90 0.58 358 41.85 6.078 650 76.78
====================================================================================================================================
TOTAL: 958 $ 383,932,840.66 100.00% 356 39.89 6.741 631 80.07
------------------------------------------------------------------------------------------------------------------------------------
** Cash proceeds to the borrower inclusive of debt consolidation
payments exceed 2% or $2000 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 $2000 of the original principal balance of
the related loan. Excludes home equity loans originated in Texas with
any cash proceeds.
CREDIT GRADE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
RISK CATEGORY MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
8A 81 $ 33,194,601.26 8.65% 354 38.16 6.049 735 81.04
7A 97 41,526,093.71 10.82 353 39.53 6.025 692 79.54
6A 109 46,076,197.25 12.00 352 39.39 6.175 667 81.46
5A 123 49,302,438.01 12.84 358 40.07 6.391 650 82.22
4A 100 41,167,123.33 10.72 355 39.60 6.468 633 81.57
3A 80 33,150,137.79 8.63 357 37.42 6.686 616 80.01
2A 180 74,533,127.23 19.41 358 40.71 7.017 586 80.74
A 60 23,176,861.65 6.04 357 39.75 7.747 576 80.19
B 78 25,820,731.44 6.73 357 42.90 8.288 544 76.92
C 48 15,069,996.30 3.93 354 42.89 8.260 542 67.32
D 2 915,532.69 0.24 359 38.01 9.346 515 57.76
====================================================================================================================================
TOTAL: 958 $ 383,932,840.66 100.00% 356 39.89 6.741 631 80.07
------------------------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
PROPERTY TYPE MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Single Family 835 $ 332,705,712.61 86.66% 356 39.83 6.731 631 80.11
Detached
PUD Detached 52 22,205,712.32 5.78 358 40.57 6.617 621 79.38
Two-to-Four Family 30 13,668,193.82 3.56 358 39.26 7.061 653 80.11
Condominium 34 13,563,702.19 3.53 352 40.70 6.829 616 80.83
Manufactured Housing 4 728,660.40 0.19 348 31.42 7.157 664 65.88
Single Family
Attached 2 705,656.52 0.18 359 42.56 6.874 620 73.97
PUD Attached 1 355,202.80 0.09 359 55.00 6.900 594 90.00
====================================================================================================================================
TOTAL: 958 $ 383,932,840.66 100.00% 356 39.89 6.741 631 80.07
------------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
PREPAYMENT CHARGE BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
TERM AT NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
ORIGINATION (MOS.) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
0 273 $ 108,455,518.42 28.25% 357 40.19 7.145 630 79.16
12 27 11,082,611.09 2.89 345 40.19 6.791 671 77.97
24 5 2,328,730.87 0.61 358 32.98 6.489 654 81.58
30 1 360,953.30 0.09 359 42.00 6.990 558 85.00
36 652 261,705,026.98 68.16 356 39.81 6.573 629 80.51
====================================================================================================================================
TOTAL: 958 $ 383,932,840.66 100.00% 356 39.89 6.741 631 80.07
------------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
CONFORMING NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
BALANCE MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Conforming Balance 79 $ 10,247,779.55 2.67% 347 40.19 7.908 599 72.53
Non-Conforming Balance 879 373,685,061.11 97.33 356 39.88 6.709 632 80.27
====================================================================================================================================
TOTAL: 958 $ 383,932,840.66 100.00% 356 39.89 6.741 631 80.07
------------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
RANGE OF MAXIMUM NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
MORTGAGE RATES (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 33 $ 13,660,307.66 4.18% 352 35.51 5.361 706 76.89
11.500 - 11.999 225 93,824,930.93 28.72 357 39.69 5.820 666 80.35
12.000 - 12.499 112 49,327,522.26 15.10 358 40.12 6.238 624 79.52
12.500 - 12.999 189 78,393,146.62 24.00 358 39.94 6.748 618 82.31
13.000 - 13.499 46 19,175,967.04 5.87 358 41.35 7.241 597 78.23
13.500 - 13.999 87 35,204,146.52 10.78 358 41.30 7.739 577 78.75
14.000 - 14.499 21 7,834,028.60 2.40 357 35.68 8.263 611 82.33
14.500 - 14.999 40 13,733,442.85 4.20 358 41.42 8.762 571 79.57
15.000 - 15.499 14 5,112,152.11 1.56 353 39.14 9.239 558 82.80
15.500 - 15.999 29 8,130,084.83 2.49 356 44.16 9.657 561 79.29
16.000 - 16.499 2 151,048.22 0.05 359 38.83 10.294 528 84.42
16.500 - 16.999 3 303,190.87 0.09 359 48.34 10.960 531 80.39
17.000 - 17.499 1 72,250.00 0.02 180 41.00 11.150 521 85.00
17.500 - 17.999 2 396,812.55 0.12 358 35.64 11.830 523 80.65
18.000 - 18.499 3 1,217,979.82 0.37 359 40.42 12.382 576 87.39
18.500 - 18.999 1 71,381.72 0.02 359 48.00 12.500 538 85.00
19.000 - 19.499 1 63,985.69 0.02 359 52.00 13.100 575 79.01
====================================================================================================================================
TOTAL: 809 $ 326,672,378.29 100.00% 357 40.00 6.751 626 80.31
------------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
RANGE OF MINIMUM NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
MORTGAGE RATES (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 33 $ 13,660,307.66 4.18% 352 35.51 5.361 706 76.89
5.500 - 5.999 225 93,824,930.93 28.72 357 39.69 5.820 666 80.35
6.000 - 6.499 112 49,327,522.26 15.10 358 40.12 6.238 624 79.52
6.500 - 6.999 189 78,393,146.62 24.00 358 39.94 6.748 618 82.31
7.000 - 7.499 46 19,175,967.04 5.87 358 41.35 7.241 597 78.23
7.500 - 7.999 87 35,204,146.52 10.78 358 41.30 7.739 577 78.75
8.000 - 8.499 21 7,834,028.60 2.40 357 35.68 8.263 611 82.33
8.500 - 8.999 40 13,733,442.85 4.20 358 41.42 8.762 571 79.57
9.000 - 9.499 14 5,112,152.11 1.56 353 39.14 9.239 558 82.80
9.500 - 9.999 29 8,130,084.83 2.49 356 44.16 9.657 561 79.29
10.000 - 10.499 2 151,048.22 0.05 359 38.83 10.294 528 84.42
10.500 - 10.999 3 303,190.87 0.09 359 48.34 10.960 531 80.39
11.000 - 11.499 1 72,250.00 0.02 180 41.00 11.150 521 85.00
11.500 - 11.999 2 396,812.55 0.12 358 35.64 11.830 523 80.65
12.000 - 12.499 3 1,217,979.82 0.37 359 40.42 12.382 576 87.39
12.500 - 12.999 1 71,381.72 0.02 359 48.00 12.500 538 85.00
13.000 - 13.499 1 63,985.69 0.02 359 52.00 13.100 575 79.01
====================================================================================================================================
TOTAL: 809 $ 326,672,378.29 100.00% 357 40.00 6.751 626 80.31
------------------------------------------------------------------------------------------------------------------------------------
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
RANGE OF GROSS NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
MARGINS (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
3.000 - 3.249 1 $ 559,387.05 0.17% 359 35.00 5.500 742 79.43
3.500 - 3.749 2 859,766.30 0.26 359 34.68 5.548 703 66.68
4.500 - 4.749 3 1,459,446.30 0.45 359 44.84 5.658 728 83.71
4.750 - 4.999 59 25,092,453.63 7.68 357 38.99 6.032 726 82.85
5.000 - 5.249 79 34,062,550.38 10.43 359 40.71 6.053 686 81.06
5.250 - 5.499 90 37,275,307.06 11.41 355 39.21 6.129 664 81.59
5.500 - 5.749 97 39,621,915.20 12.13 358 39.81 6.334 645 81.87
5.750 - 5.999 88 37,475,525.53 11.47 356 39.68 6.459 626 81.63
6.000 - 6.249 225 93,401,907.55 28.59 358 39.70 6.948 594 80.97
6.250 - 6.499 51 18,897,917.01 5.78 357 38.97 7.752 570 79.11
6.500 - 6.749 78 25,966,536.70 7.95 357 42.91 8.273 542 75.99
6.750 - 6.999 36 11,999,665.58 3.67 357 41.91 8.328 546 66.31
====================================================================================================================================
TOTAL: 809 $ 326,672,378.29 100.00% 357 40.00 6.751 626 80.31
------------------------------------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
NEXT RATE BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
ADJUSTMENT NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
DATE MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
2006-01 10 $ 3,008,786.91 0.92% 353 40.36 7.891 616 77.61
2006-02 28 10,725,630.84 3.28 354 40.16 6.891 609 79.21
2006-03 11 4,248,848.53 1.30 355 38.34 6.938 586 83.78
2006-04 3 772,204.73 0.24 356 44.07 6.377 633 83.61
2006-05 2 872,873.55 0.27 357 47.31 7.208 684 81.94
2006-06 24 8,364,470.31 2.56 358 38.27 7.050 609 81.26
2006-07 723 297,964,013.42 91.21 358 40.05 6.718 627 80.31
2006-08 8 715,550.00 0.22 212 31.94 8.791 529 71.47
====================================================================================================================================
TOTAL: 809 $ 326,672,378.29 100.00% 357 40.00 6.751 626 80.31
------------------------------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
INITIAL BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
PERIODIC NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
RATE CAP (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
2 809 $ 326,672,378.29 100.00% 357 40.00 6.751 626 80.31
====================================================================================================================================
TOTAL: 809 $ 326,672,378.29 100.00% 357 40.00 6.751 626 80.31
------------------------------------------------------------------------------------------------------------------------------------
PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT
SUBSEQUENT BALANCE % OF PRINCIPAL TERM TO -TO- MORTGAGE
PERIODIC NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
RATE CAP (%) MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
1 809 326,672,378.29 100.00 357 40.00 6.751 626 80.31
====================================================================================================================================
TOTAL: 809 326,672,378.29 100.00 357 40.00 6.751 626 80.31
------------------------------------------------------------------------------------------------------------------------------------
