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SunTrust Acquisition Closed-End Seconds Trust, TERM SHEET
Series 2007-1
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The following is a term sheet. The information in this term sheet is preliminary and is subject to completion or
change.
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TERM SHEET
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SunTrust Acquisition Closed-End Seconds Trust
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-------------------------------------------------------------------------------------------------------------------------
$350,637,000 (Approximate)
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Series 2007-1
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ACE SECURITIES CORP.
(Depositor)
SunTrust Acquisition Closed-End Seconds Trust,
Series 2007-1
(Issuing Entity)
-------------------------------------------------------------------------------------------------------------------------
Lead Underwriters
[LOGO] Deutsche Bank
[LOGO] SunTrust Xxxxxxxx Xxxxxxxx
--------------------------
Capital Markets
A Division of SunTrust Capital Markets, Inc.
Co-Manager
[LOGO] BEAR XXXXXXX
Xxxxx 30, 2007
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
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SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
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The analysis in this report is based on information provided by ACE Securities Corp. (the "Depositor") and is ABS informational and
computational material used in reliance on Securities Act Rule 167 (230.167). Investors are urged to read the base prospectus and
the prospectus supplement and other relevant documents filed or to be filed with the Securities and Exchange Commission because they
contain important information. Such documents may be obtained without charge at the Securities and Exchange Commission's website.
The Commission file number for the related registration statement is 333-131727. Once available, the base prospectus and prospectus
supplement may be obtained without charge by contacting Deutsche Bank Securities, Inc.'s ("DBSI") trading desk at (000) 000-0000.
This term sheet is not required to contain all information that is required to be included in the base prospectus and the prospectus
supplement (collectively, the "Prospectus"). The information in this term sheet is preliminary and is subject to completion or
change. The information in this term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information
contained in any prior similar term sheet relating to these securities. This term sheet is not an offer to sell or a solicitation of
an offer to buy these securities in any state where such offer, solicitation or sale is not permitted. You should consult your own
counsel, accountant, and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these
securities.
The attached information contains certain tables and other statistical analyses (the "Computational Materials") which have been
prepared by DBSI in reliance upon information furnished by the Depositor. Numerous assumptions were used in preparing the
Computational Materials that may or may not be reflected herein. As such, no assurance can be given as to whether the Computational
Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. These
Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting
advice. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on
prepayment assumptions, and changes in such prepayment assumptions may dramatically affect such weighted average lives, yields and
principal payment periods. In addition, it is possible that prepayments on the underlying assets will occur at rates slower or
faster than the rates shown in the attached Computational Materials. Furthermore, unless otherwise provided, the Computational
Materials assume no losses on the underlying assets and no interest shortfalls. The specific characteristics of the securities may
differ from those shown in the Computational Materials by a permitted variance of +/- 10% prior to issuance. Neither DBSI nor any of
its affiliates makes any representation or warranty as to the actual rate or timing of payments on any of the underlying assets or
the payments or yield on the securities.
An investor or potential investor in the certificates (and each employee, representative, or other agent of such person or entity)
may disclose to any and all persons, without limitation, the tax treatment and tax structure of the transaction (as defined in
United States Treasury Regulation Section 1.6011-4) and all related materials of any kind, including opinions or other tax analyses,
that are provided to such person or entity. However, such person or entity may not disclose any other information relating to this
transaction unless such information is related to such tax treatment and tax structure.
THIS INFORMATION IS FURNISHED TO YOU SOLELY BY DBSI AND SUNTRUST XXXXXXXX HUMPHREYAND NOT BY THE ISSUING ENTITY OF THE SECURITIES OR
ANY OF ITS AFFILIATES. DBSI AND SUNTRUST XXXXXXXX XXXXXXXX IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUING ENTITY
IN CONNECTION WITH THE PROPOSED TRANSACTION.
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
2
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SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
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TERM SHEET DATED April 30, 2007
SunTrust Acquisition Closed-End Seconds Trust,
Series 2007-1
Asset-Backed Pass-Through Certificates
$350,637,000 (Approximate)
Subject to a permitted variance of +/- 10%.
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Structure Overview (1)
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To 10% Optional Termination
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Principal
WAL Payment Pmt Interest Legal Expected
Class Approximate (yrs) Window Delay Accrual Final Ratings
Size ($) Type (2) (months) (2) (days) Basis Maturity (S&P/DBRS)
Offered Certificates:
A (3) 317,075,000 Float 2.50 1 - 85 0 ACT/360 May 2037 AAA / AAA
M-1 7,232,000 Float 4.79 40 - 85 0 ACT/360 May 2037 A+ / A(High)
M-2 11,496,000 Float 4.76 00 - 00 0 XXX/000 Xxx 0000 X- / X(Xxx)
M-3 14,834,000 Float 1.70 00 - 00 0 XXX/000 Xxx 0000 XXX- / XXX(Xxx)
Total Offered 350,637,000
Non-Offered Certificates:
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M-4 16,689,000 Float Non-Offered ACT/360 May 2037 BB+ / BB(High)
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Total Non-Offered 16,689,000
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(1) The structure is preliminary and subject to change.
(2) The Pricing Speed for the Certificates is 100% PPC (10% CPR growing to 28% CPR over 12 months and 28% CPR thereafter).
(3) XL Capital Assurance Inc wrapped Certificate.
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Transaction Overview
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Certificates: The Class A Certificates (the "Senior Certificates" or "Class A Certificates") and the Class M-1
Certificates, Class M-2 Certificates, Class M-3 Certificates and Class M-4 Certificates
(collectively, the "Mezzanine Certificates"). The Class A Certificates, Class M-1 Certificates,
Class M-2 Certificates and Class M-3 Certificates are referred to collectively in this term sheet
as the "Offered Certificates". The pass-through rates on the Senior Certificates and Mezzanine
Certificates will be the lesser of (i) One-Month LIBOR plus their respective margins and (ii) the
applicable Net WAC Pass-Through Rate.
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The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
3
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SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
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Transaction Overview
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Collateral: The mortgage loans included in the Issuing Entity will be fixed-rate, closed-end
second lien mortgage loans (the "Mortgage Loans"). As of the Cut-off Date, the Mortgage Loans
will consist of approximately 5,767 Mortgage Loans. The aggregate outstanding principal
balance of all of the Mortgage Loans is approximately $370,848,626 as of the Cut-off Date.
Senior Certificates Class A Certificates
Mezzanine Certificates: Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates and Class M-4
Certificates
Depositor: ACE Securities Corp.
Seller and Sponsor: SunTrust Asset Funding, LLC
Originators: % of Aggregate
Aggregate Remaining Remaining Principal
Originator Principal Balance ($) Balance
American Home 251,480,115 67.81
New Century 38,142,432 10.29
Quicken Loans 20,112,907 5.42
Peoples Choice 18,938,160 5.11
Other 42,175,012 11.37
------------------------------------------------------------------------------------------------
Total 370,848,626 100.00
Master Servicer and Securities Xxxxx Fargo Bank, National Association
Administrator:
Servicer: GMAC Mortgage, LLC ("GMAC")
Trustee: HSBC Bank USA, National Association
Custodian: Deutsche Bank National Trust Company
Credit Risk Manager: Xxxxxxx Fixed Income Services Inc.
Lead Underwriters: Deutsche Bank Securities Inc.; SunTrust Xxxxxxxx Xxxxxxxx
Co-Manager Bear, Xxxxxxx & Co. Inc.
Swap Provider: Bear, Xxxxxxx & Co. Inc.
Class A Certificate Insurer: XL Capital Assurance Inc.
Certificate Insurance Policy: The certificate guaranty insurance policy issued by the Certificate Insurer for the benefit of
the holders of the Class A Certificates
Cut-off Date: April 1, 2007
Expected Pricing: Week of May 7, 2007
Expected Closing Date: On or about May 14, 2007
Record Date: For so long as the Offered Certificates are held in book-entry form, the Record Date will be
the business day immediately preceding the related Distribution Date. With respect to any
Offered Certificates held in definitive form, the Record Date will be the last business day of
the month immediately preceding the month in which the related Distribution Date occurs.
Distribution Date: 25th day of each month (or the next business day if such day is not a business day) commencing
in May 2007.
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The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
4
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SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
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Transaction Overview (Cont.)
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Determination Date: With respect to any Distribution Date, the 15th day of the calendar month in which such
Distribution Date occurs or, if such 15th day is not a business day, the business day
immediately preceding such 15th day.
Due Period: The Due Period with respect to any Distribution Date will commence on the second day of the
month immediately preceding the month in which such Distribution Date occurs and end on the
first day of the month in which such Distribution Date occurs.
Prepayment Period: With respect to each Distribution Date, the calendar month preceding the month in which such
Distribution Date occurs.
Interest Accrual Period: Interest will initially accrue on the Offered Certificates from the Closing Date to
(but excluding) the first Distribution Date, and thereafter, from the prior Distribution Date
to (but excluding) the current Distribution Date on an actual/360 basis. The Offered
Certificates will initially settle flat (no accrued interest).
Interest Distribution Amount: For the Offered Certificates of any class on any Distribution Date will be equal to interest
accrued during the related Interest Accrual Period on the Certificate Principal Balance of that
class immediately prior to such Distribution Date at the then applicable pass-through rate for
such class, and reduced (to an amount not less than zero), in the case of each such class, by
the allocable share, if any, for such class of (i) prepayment interest shortfalls to the extent
not covered by Compensating Interest paid by the Servicer or the Master Servicer and (ii)
shortfalls resulting from the application of the Servicemembers' Civil Relief Act (the "Relief
Act") or similar state or local laws.
Interest Carry Forward Amount: For any class of interest bearing certificates and any Distribution Date, the sum of (i) the
excess, if any, of the Interest Distribution Amount for the prior Distribution Date and any
Interest Carry Forward Amount for the prior Distribution Date, over the amount in respect of
interest actually distributed on such class on such prior Distribution Date and (ii) interest
on such excess at the applicable pass-through rate on the basis of the actual number of days
elapsed since the prior Distribution Date.
Senior Interest Distribution On any Distribution Date, will be an amount equal to the sum of the Interest
Amount: Distribution Amount for the Class A Certificates for such Distribution Date and the Interest
Carry Forward Amount, if any, for the Class A Certificates for such Distribution Date.
Administration Fee Rate: The Master Servicer, the Servicer and the Credit Risk Manager will be paid monthly fees on the
outstanding principal balance of the Mortgage Loans. These fees (the "Administration Fee
Rate") initially aggregate to a weighted average servicing fee of approximately 0.5300% per
annum.
Compensating Interest: The Servicer will be required to cover Prepayment Interest Shortfalls on prepayments in full on
the Mortgage Loans received during the related Prepayment Period up to the Servicing Fee
payable to the Servicer. If the Servicer fails to make such payments, the Master Servicer will
be required to do so in an amount not to exceed the compensation payable to the Master Servicer.
Prepayment Interest Interest shortfalls attributable to voluntary principal prepayments on the Mortgage Loans.
Shortfalls:
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The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
5
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SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
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Transaction Overview (Cont.)
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Optional Termination: On any Distribution Date on which the aggregate outstanding principal balance of the Mortgage
Loans as of the related Determination Date is less than or equal to 10% of the aggregate
outstanding principal balance of the Mortgage Loans as of the Cut-off Date, the Servicer may
purchase all of the Mortgage Loans and REO properties remaining in the trust, causing an early
retirement of the Certificates, but is not required to do so. In the event that the Servicer
fails to exercise such purchase option, the Master Servicer may, subject to certain conditions
set forth in the pooling and servicing agreement, exercise such purchase option. In the event
that the Master Servicer fails to exercise such purchase option, the Class A Certificate
Insurer may, subject to certain conditions set forth in the pooling and servicing agreement,
exercise such purchase option. In the event that either the Servicer or Master Servicer
exercises the Optional Termination, such party must obtain the consent of the Class A
Certificate Insurer if (i) any amounts are owed to the Class A Certificate Insurer or (ii) the
Optional Termination would result in a draw on the policy issued by the Class A Certificate
Insurer. In the event either the Servicer, Master Servicer or Class A Certificate Insurer
exercises this option, the portion of the purchase price allocable to the certificates will be,
to the extent of available funds, (i) 100% of the then outstanding Certificate Principal
Balance of the certificates, plus (ii) one month's interest on the then outstanding Certificate
Principal Balance of the certificates at the then applicable pass-through rate for each such
class, plus (iii) any previously accrued but unpaid interest thereon to which the holders of
the certificates are entitled, together with the amount of any Net WAC Rate Carryover Amounts.
Monthly Servicer Advances: The Servicer will collect monthly payments of principal and interest on the Mortgage
Loans and will be obligated to make advances of delinquent monthly principal and interest
payments but only to the extent such amounts are deemed recoverable. If the Servicer fails to
make any such advances, the Master Servicer will be required to do so subject to its
determination of recoverability. The Servicer and the Master Servicer are entitled to be
reimbursed for these advances, and therefore these advances are not a form of credit
enhancement.
Credit Enhancement: 1) Excess Interest;
2) Overcollateralization ("OC");
3) Subordination; and
4) Certificate Guaranty Insurance Policy.
Certificate Guaranty The Class A Certificates will have the benefit of a financial guaranty insurance policy (the
Insurance Policy: "Certificate Guaranty Insurance Policy") pursuant to which the Class A Certificate Insurer, in
consideration of the payment of a premium and subject to the terms of the Certificate Guaranty
Insurance Policy, will guarantee the monthly payment of principal and current interest
shortfalls on the Class A Certificates, except shortfalls and losses resulting from prepayment
interest shortfalls, Relief Act shortfalls and Net WAC Rate Shortfalls. The Class A Certificate
Insurer's claims paying ability is rated "AAA", "AAA" and "Aaa" by S&P, Fitch and Xxxxx'x,
respectively.
--------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
6
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SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
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Transaction Overview (Cont.)
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Allocation of Losses: Any Realized Losses on the Mortgage Loans will, first, reduce the Net Monthly Excess Cashflow
available to make payments to the Certificateholders and, second, reduce the
Overcollateralization Amount. If on any Distribution Date, after all distributions (other than
payments under the Certificate Guaranty Insurance Policy) are made to Certificateholders, the
aggregate principal balance of the Certificates exceeds the aggregate principal balance of the
Mortgage Loans outstanding, such excess will be allocated first, to the Class M-4 Certificates,
second, to the Class M-3 Certificates, third to the Class M-2 Certificates and fourth, to the
Class M-1 Certificates. To the extent that remaining excess exists, a payment of principal in
that amount will be made under the Certificate Guaranty Insurance Policy for the benefit of the
Class A Certificateholders.
Once Realized Losses have been allocated to the Mezzanine Certificates, such amounts with respect
to such Certificates will no longer accrue interest and such amounts will not be reinstated
thereafter (except in the case of subsequent recoveries). However, the amount of any Realized
Losses allocated to the Mezzanine Certificates may be distributed to such certificates on a
subordinated basis on any Distribution Date from Net Monthly Excess Cashflow, to the extent
available for such distribution or from any Net Swap Payments payable by the Swap Provider
available for this purpose.
A "Realized Loss" for a Liquidated Mortgage Loan is equal to the principal balance of such
Liquidated Mortgage Loan plus interest thereon from the date on which interest was last paid less
any net liquidation proceeds received on such Mortgage Loan and for a Charged Off Mortgage Loan
is equal to the principal balance of such Charged Off Mortgage Loan plus interest thereon from
the date on which interest was last paid.
A "Liquidated Mortgage Loan" is a Mortgage Loan that was liquidated and for which the Servicer
has determined that it has received all amounts it expects to receive in connection with such
liquidation, including payments under any hazard insurance policy or any condemnation proceeds
and amounts received in connection with the final disposition of the related REO property.
A "Charged Off Mortgage Loan" is a defaulted Mortgage Loan that the Servicer is required to
charge off once such Mortgage Loan becomes 180 days delinquent provided that such Mortgage Loan
has not yet been liquidated.
--------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
7
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SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
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Transaction Overview (Cont.)
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Required Overcollateralization refers to the amount by which the aggregate principal balance of the
Overcollateralization Mortgage Loans exceeds the aggregate Certificate Principal Balance of the certificates (other
Amount: than the Class CE Certificates). This excess (the "Overcollateralization Amount") is intended
to protect the certificateholders against shortfalls in payments on the Certificates. The
Required Overcollateralization Amount for the Certificates, which will be fully established at
issuance, is an amount equal to the sum of (A) the product of (i) approximately 0.95% and (ii)
the aggregate principal balance of the Mortgage Loans as of the Cut-off Date, and (B) the
cumulative amount of Net Monthly Excess Cashflow paid to the Class M-3 and Class M-4
Certificates pursuant to clause (11) under "Payment Priority" on all prior Distribution Dates.
On or after the Stepdown Date and provided that a trigger event is not in effect, the Required
Overcollateralization Amount may be permitted to decrease to the sum of (A) The product of (i)
approximately 1.90% and (ii) the aggregate principal balance of the Mortgage Loans as of the
last day of the related Due Period and (B) the cumulative amount of Net Monthly Excess Cashflow
paid to the Class M-3 and Class M-4 Certificates pursuant to clause (11) under "Payment
Priority" on all prior Distribution Dates, subject to a floor amount of approximately 0.50% of
the aggregate outstanding principal balance of the Mortgage Loans as of the Cut-off Date. If,
due to losses, the Overcollateralization Amount is reduced below the Required
Overcollateralization Amount, Net Monthly Excess Cashflow, to the extent available will be paid
to the Certificates then entitled to receive distributions in respect of principal in order to
reduce the certificate principal balance of such Certificates to the extent necessary to reach
the Required Overcollateralization Amount. In addition, Net Swap Payments paid by the Swap
Provider may be used to restore or maintain the Required Overcollateralization Amount.
Overcollateralization An "Overcollateralization Increase Amount" for any Distribution Date will be the lesser of (i)
Increase Amount: the sum of the Net Monthly Excess Cashflow and Net Swap Payments received from the Swap
Provider, if any, for that Distribution Date and (ii) the excess of the Required
Overcollateralization Amount over the current Overcollateralization Amount after taking into
account all other distributions to be made on the Distribution Date limited to the distributions
made with funds paid as principal payments on the Mortgage Loans.
Overcollateralization An Overcollateralization Reduction Amount for any Distribution Date is the amount by which the
Reduction Amount: current Overcollateralization Amount exceeds the Required Overcollateralization Amount after
taking into account all other distributions to be made on the Distribution Date limited to the
distributions made with funds paid as principal payments on the Mortgage Loans.
Stepdown Date: Will be the earlier of (i) the first Distribution Date following the Distribution Date which the
Certificate Principal Balances of the Class A Certificates are reduced to zero and (ii) the
later to occur of (x) the Distribution Date occurring in May 2010 and (y) the first Distribution
Date on which the Class A Credit Enhancement Percentage (calculated for this purpose only after
taking into account distributions of principal on the Mortgage Loans, but prior to any
distribution of principal to the holders of the certificates) is equal to or greater than
approximately 29.00%.
Credit Enhancement Percentage: The Credit Enhancement Percentage for any class of certificates and any Distribution
Date is the percentage obtained by dividing (x) the aggregate Certificate Principal Balance of
the classes subordinate to such class (which includes the Class CE Certificate) by (y) the
aggregate principal balance of the Mortgage Loans, calculated after giving effect to scheduled
payments of principal due during the related Due Period, to the extent received or advanced, and
unscheduled collections of principal received during the related Prepayment Period and
distribution of the Principal Distribution Amount to the holders of the Certificates then
entitled to distributions of principal on the Distribution Date.
----------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
8
-----------------------------------------------------------------------------------------------------------------------------------
SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
-----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
Transaction Overview (Cont.)
----------------------------------------------------------------------------------------------------------------------------
Class (S&P/DBRS) Initial CE % CE % On/After Step Down Date
----- ---------- ------------ ----------------------------
A AAA / AAA 14.50% 29.00%
M-1 A+ / A(High) 12.55% 25.10%
M-2 A- / A(Low) 9.45% 18.90%
X-0 XXX- / XXX(Xxx) 5.45% 10.90%
M-4 BB+ / BB(High) 0.95% 1.90%
Net Monthly Excess For any Distribution Date is equal to the sum of (i) any Overcollateralization Reduction
Cashflow: Amount and (ii) the excess of the Available Distribution Amount over the sum of (v) with
respect to the Class A Certificates, the Senior Interest Distribution Amount for such
Distribution Date, (w) with respect to the Mezzanine Certificates, the Interest Distribution
Amount for such Distribution Date, (x) the amount of principal required to be distributed to
the holders of the certificates on such Distribution Date pursuant to clauses (3) and (4)
under "Payment Priority", (y) any Net Swap Payment or the Swap Termination Payment (not
caused by a Swap Provider Trigger Event (as defined in the Swap Agreement)) owed to the Swap
Provider and (z) amounts paid to the Class A Certificate Insurer in respect of its premium
and reimbursement amounts.
Net WAC Pass-Through Rate: For Class A and Subordinate Certificates, the Net WAC Pass-through Rate will equal the per
annum rate (subject to adjustment based on the actual number of days elapsed in the related
Interest Accrual Period) equal to the product of (i) 12 and (ii) a fraction, expressed as a
percentage, the numerator of which is the difference of (a) the amount of interest which
accrued on the Mortgage Loans in the prior calendar month minus the fees, expenses,
indemnities and/or reimbursements payable to the Servicer, the Master Servicer, the Credit
Risk Manager and the Class A Certificate Insurer with respect to such Distribution Date,
over (b) any Net Swap Payment or Swap Termination Payment made to the Swap Provider for such
Distribution Date (which was not caused by a Swap Provider Trigger Event as defined in the
Swap Agreement), and the denominator of which is the aggregate principal balance of the
Mortgage Loans as of the last day of the immediately preceding Due Period (or as of the
Cut-off Date with respect to the first Distribution Date), after giving effect to principal
prepayments received during the related Prepayment Period.
Net WAC Rate Carryover If on any Distribution Date the Pass-Through Rate for any class of Certificates is
Amount: limited by the Net WAC Pass-Through Rate, such class will be entitled to the "Net WAC Rate
Carryover Amount" which will be equal to the sum of (i) the excess, if any of (a) the amount
of interest that would have accrued on such class based on One-Month LIBOR plus the related
margin over (b) the amount of interest accrued on such class based on the Net WAC
Pass-Through Rate and (ii) the unpaid portion of any related Net WAC Rate Carryover Amount
from the prior Distribution Date together with interest accrued on such unpaid portion at a
rate equal to One-Month LIBOR plus the related margin for the most recently ended Interest
Accrual Period. Any Net WAC Rate Carryover Amount will be paid on such Distribution Date or
future Distribution Dates to the extent of funds available. The Net WAC Rate Carryover
Amount will be distributed from certain amounts received by the Securities Administrator, on
behalf of the supplemental interest trust (described below), under the Swap Agreement, if
any, and from the Net Monthly Excess Cashflow on a subordinated basis on the same
Distribution Date or on any subsequent Distribution Date to the extent of available funds.
The ratings on each class of Offered Certificates will not address the likelihood of the
payment of any Net WAC Rate Carryover Amount from Net Monthly Excess Cashflow.
-----------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
9
-----------------------------------------------------------------------------------------------------------------------------------
SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Transaction Overview (Cont.)
-----------------------------------------------------------------------------------------------------------------------------------
Swap Agreement: On the Closing Date, the Trustee will enter into a Swap Agreement with the Swap Provider
described in the prospectus supplement. The Swap Agreement will have an initial notional
amount of $335,803,000. Beginning with the Distribution Date in May 2007, the trust
(through a supplemental interest trust) will be obligated to pay an amount equal to the
product of (i) 5.065% per annum, (ii) the Swap Notional Amount (as defined below) and (iii)
a fraction, the numerator of which is 30 and the denominator of which is 360, and the Swap
Provider will be obligated to pay to the supplemental interest trust, for the benefit of the
holders of the Offered Certificates, an amount equal to the product of (i) one-month LIBOR,
(ii) the Swap Notional Amount and (iii) a fraction, the numerator of which is the actual
number of days elapsed during the related Interest Accrual Period and the denominator of
which is 360, until the Swap Agreement is terminated. The "Swap Notional Amount" for each
Distribution Date will be equal to the lesser of (a) the aggregate certificate principal
balance of the Offered Certificates on the day immediately preceding such Distribution Date,
and (b) the scheduled swap notional amount set forth in the Swap Agreement for such
Distribution Date. Only the net amount of the two obligations will be paid by the
appropriate party (the "Net Swap Payment"). See the attached schedule.
A separate trust created under the pooling and servicing agreement (the "Supplemental
Interest Trust") will hold the Swap Agreement. The Swap Agreement and any payments made
by the Swap Provider thereunder will be assets of the Supplemental Interest Trust but
will not be assets of any REMIC.
Upon early termination of the Swap Agreement, the Securities Administrator on behalf of
the Supplemental Interest Trust or the Swap Provider may be liable to make a termination
payment (the "Swap Termination Payment") to the other party (regardless of which party
caused the termination). The Swap Termination Payment will be computed in accordance
with the procedures set forth in the Swap Agreement. In the event that the Securities
Administrator, on behalf of the Supplemental Interest Trust, is required to make a Swap
Termination Payment which is not payable as a result of the occurrence of a swap provider
trigger event under the Swap Agreement, that payment will be paid on the related
Distribution Date, and on any subsequent Distribution Dates until paid in full prior to
distributions to Certificateholders.
Available Distribution For any Distribution Date, net of the administration expenses and amounts reimbursable to
Amount: the Servicer, Master Servicer, Trust Administrator and the Trustee under the Pooling and
Servicing Agreement, an amount equal to (i) the aggregate amount of scheduled monthly
payments on the Mortgage Loans due on the related Due Date and received on or prior to the
related Determination Date; (ii) unscheduled payments in respect of the Mortgage Loans
(including prepayments, insurance proceeds, liquidation proceeds, subsequent recoveries and
proceeds from repurchases of and substitutions for the Mortgage Loans occurring during the
Prepayment Period or proceeds from the repurchase of the Mortgage Loans due to the Optional
Termination of the Trust); (iii) all P&I Advances with respect to the Mortgage Loans
received for the Distribution Date; and (iv) all Compensating Interest paid by the Servicer
or Master Servicer in respect of Prepayment Interest Shortfalls for the related Prepayment
Period.
----------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
10
-----------------------------------------------------------------------------------------------------------------------------------
SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
-----------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------
Transaction Overview (Cont.)
---------------------------------------------------------------------------------------------------------------------------
Class A Principal
Distribution Amount: Until the Stepdown Date, or if a Trigger Event occurs, the Class A Certificates will
receive the principal collected on the Mortgage Loans plus any Net Monthly Excess Cashflow
and any Net Swap Payment received by the Securities Administrator from the Swap Provider
required to restore or maintain the Required Overcollateralization Amount until the
aggregate certificate principal balance of the Class A Certificates has been reduced to
zero. On or after the Stepdown Date, if no Trigger Event occurs, principal paid on the
Class A Certificates will be an amount such that the Class A Certificates will maintain at
least a [29.00%] Credit Enhancement Percentage (2x the Class A Credit Enhancement
Percentage). The Class A Principal Distribution Amount will be distributed to the holders
of the Class A Certificates.
Class M Principal Unless the Class A Certificates have been reduced to zero, the Mezzanine Certificates will
Distribution Amount: generally not receive any principal payments until the Stepdown Date. On or after the
Stepdown Date (if no Trigger Event is in effect), principal will be paid to the Mezzanine
Certificates, first to the Class M-1 Certificates until it reaches at least a [25.10%]
Credit Enhancement Percentage (2x the Class M-1 Target Credit Enhancement Percentage),
second to the Class M-2 Certificates, until it reaches at least a [18.90%] Credit
Enhancement Percentage (2x the Class M-2 Target Credit Enhancement Percentage), third to
the Class M-3 Certificates, until it reaches at least a [10.90%] Credit Enhancement
Percentage (2x the Class M-3 Target Credit Enhancement Percentage), and fourth to the Class
M-4 Certificates, until it reaches at least a [1.90%] Credit Enhancement Percentage (2x the
Class M-4 Target Credit Enhancement Percentage)
Coupon Step-up: On the Distribution Date following the first possible optional termination date, the margin on
the Certificates will increase to the following, subject to the applicable Net WAC Pass-Through
Rate.
Class After Optional Termination
----- --------------------------
A Certificates 2 x Margin
Mezzanine Certificates 1.5 x Margin
---------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
11
-----------------------------------------------------------------------------------------------------------------------------------
SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
-----------------------------------------------------------------------------------------------------------------------------------
Transaction Overview (Cont.)
-----------------------------------------------------------------------------------------------------------------------------------
Trigger Event: If either the Delinquency Test or Cumulative Loss Test is violated.
Delinquency Test: The determination on any Distribution Date that the percentage obtained by dividing (x) the
sum of the principal amount of (1) Mortgage Loans delinquent 60 days or more (other than
Charged Off Loans), (2) Mortgage Loans in foreclosure, (3) REO Properties and (4) Mortgage
Loans discharged due to bankruptcy by (y) the aggregate principal balance of the Mortgage
Loans, in each case, as of the last day of the previous calendar month, exceeds [4.50%].
Cumulative Loss Test: The determination on any Distribution Date that the aggregate amount of Realized Losses
incurred since the Cut-off Date through the last day of the related Due Period divided by the
aggregate principal balance of the Mortgage Loans as of the Cut-off Date exceeds the applicable
percentages set forth below with respect to such Distribution Date:
Month Percentage
----- ----------
May 2010 to April 2011 [4.25%]
May 2011 to April 2012 [6.50%]
May 2012 to April 2013 [7.75%]
May 2013 and thereafter [8.25%]
-----------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
12
-----------------------------------------------------------------------------------------------------------------------------------
SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Transaction Overview (Cont.)
------------------------------------------------------------------------------------------------------------------------------------
Payment Priority: I. On each Distribution Date, the Available Distribution Amount will be distributed as follows:
1. To the Class A Certificate Insurer , the amount owing to it, in respect of its premium and
then to the Supplemental Interest Trust, to pay any Net Swap Payment or the Swap Termination
Payment (not caused by a Swap Provider Trigger Event (as defined in the Swap Agreement)) owed to
the Swap Provider.
2. (A) To pay interest to the Class A Certificates, including any accrued unpaid interest from a
prior Distribution Date.
(B) To pay interest excluding any accrued unpaid interest from a prior Distribution Date to the
Mezzanine Certificates, on a sequential basis.
3. To pay principal to the Class A Certificates in accordance with the principal payment
provisions described above under "Class A Principal Distribution Amount".
4. To the Class A Certificate Insurer, any reimbursement amounts owing to the Class A Certificate
Insurer under the insurance agreement, the Certificate Guaranty Insurance Policy or the pooling
and servicing agreement.
5. To pay principal to the Mezzanine Certificates in accordance with the principal payment
provisions described above under "Class M Principal Distribution Amount".
6. From Net Monthly Excess Cashflow, if any, to the certificates then entitled to receive
distributions in respect of principal in order to reduce the Certificate Principal Balance of the
certificates to the extent necessary to restore or maintain the Required Overcollateralization
Amount.
7. From Net Monthly Excess Cashflow, if any remaining, to pay the Interest Carry Forward Amounts
on the Mezzanine Certificates, in the same priority as 2(B) above.
8. From Net Monthly Excess Cashflow, if any remaining, to pay the allocated Realized Losses on
the Mezzanine Certificates, in the same priority as 2(B) above.
9. From Net Monthly Excess Cashflow, if any remaining, to pay the Net WAC Rate Carryover Amount
on the Class A Certificates and the Mezzanine Certificates in the same order of priority as
described in 2 above.
10. From Net Monthly Excess Cashflow, if any remaining, to pay the Swap Termination Payment
(caused by a Swap Provider Trigger Event) owed to the Swap Provider.
11. To pay to the Class M-3 and Class M-4 Certificates, sequentially, 90% of the amount of any Net
Monthly Excess Cashflow remaining after payments pursuant to clauses (6) through (10) above, in
reduction of the certificate principal balance thereof, until reduced to zero; and
12. To pay any remaining amount to the non-offered certificates identified in, and in accordance
with the provisions of, the Pooling and Servicing Agreement.
Payment Priority II. On each Distribution Date, any Net Swap Payments payable to the Securities Administrator on behalf
(continued): of the Supplemental Interest Trust by the Swap Provider will be paid after the distribution of the
Available Distribution Amount as follows:
1. To pay any unpaid interest on the Class A Certificates including any accrued unpaid interest
from a prior Distribution Date, on a pro rata basis based on entitlement of such class, then to
pay any unpaid interest including any accrued unpaid interest from prior Distribution Dates to the
Mezzanine Certificates, sequentially.
2. To pay any principal to the Offered Certificates in accordance with the principal payment
provisions described above in an amount necessary to restore or maintain the Required
Overcollateralization Amount.*
3. To pay any allocated Realized Losses* remaining unpaid on the Mezzanine Certificates,
sequentially.
------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
13
-----------------------------------------------------------------------------------------------------------------------------------
SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
-----------------------------------------------------------------------------------------------------------------------------------
Transaction Overview (Cont.)
-----------------------------------------------------------------------------------------------------------------------------------
4. To pay the Net WAC Rate Carryover Amount on the Offered Certificates remaining unpaid in the
same order of priority as described above.
5. To pay the Swap Termination Payment (caused by a Swap Provider Trigger Event under the Swap
Agreement) owed to the Swap Provider.
6. To pay any remaining amount to the Class CE Certificates.
* Notwithstanding the foregoing, the cumulative amount paid pursuant to clauses 2 and 3 shall at no
time be permitted to exceed the cumulative amount of realized losses incurred on the Mortgage Loans
from and after the Cut-Off Date
ERISA: It is expected that the Offered Certificates may be purchased by, or with the assets of, employee
benefit plans subject to the Employee Retirement Income Security Act of 1974, as amended ("ERISA") or
plans or arrangements subject to section 4975 of the Internal Revenue Code (each, a "Plan"). Prior to
the termination of the Supplemental Interest Trust, Plans or persons using assets of a Plan may
purchase the Offered Certificates if the purchase and holding meets the requirements of an
investor-based class exemption issued by the Department of Labor. Investors should consult with their
counsel with respect to the consequences under ERISA and the Internal Revenue Code of a Plan's
acquisition and ownership of such certificates.
Taxation - REMIC: One or more REMIC elections will be made for designated portions of the Trust (exclusive of certain
shortfall payments or payments from the Supplemental Interest Trust or the obligation to make payments
to the Supplemental Interest Trust pursuant to the Swap Agreement).
Form of Registration: Book-entry form through DTC, Clearstream and Euroclear.
Minimum Denominations: $25,000 and integral multiples of $1 in excess thereof.
-----------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
14
-----------------------------------------------------------------------------------------------------------------------------------
SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
-----------------------------------------------------------------------------------------------------------------------------------
Swap Schedule
------------------------------------------------------------------------------------------------------
Distribution Date Notional Schedule ($) Distribution Date Notional Schedule ($)
------------------------------------------------------------------------------------------------------
5/25/2007 335,803,000.00 4/25/2011 42,553,862.16
6/25/2007 327,818,269.15 5/25/2011 40,640,661.35
7/25/2007 319,139,157.37 6/25/2011 38,813,241.45
8/25/2007 309,802,003.79 7/25/2011 37,067,764.62
9/25/2007 299,848,197.13 8/25/2011 35,400,564.38
10/25/2007 289,323,965.95 9/25/2011 33,808,138.07
11/25/2007 278,280,108.26 10/25/2011
12/25/2007 266,771,660.14 and thereafter 0.00
1/25/2008 254,858,168.73
2/25/2008 243,446,975.51
3/25/2008 232,545,772.45
4/25/2008 222,131,800.07
5/25/2008 212,183,313.47
6/25/2008 202,679,537.02
7/25/2008 193,600,621.36
8/25/2008 184,927,601.97
9/25/2008 176,642,359.89
10/25/2008 168,727,583.98
11/25/2008 161,166,734.99
12/25/2008 153,944,011.13
1/25/2009 147,044,315.24
2/25/2009 140,453,223.41
3/25/2009 134,156,954.99
4/25/2009 128,142,343.88
5/25/2009 122,396,811.22
6/25/2009 116,908,339.18
7/25/2009 111,665,445.98
8/25/2009 106,657,162.00
9/25/2009 101,873,006.96
10/25/2009 97,302,968.13
11/25/2009 92,937,479.45
12/25/2009 88,767,401.66
1/25/2010 84,784,003.30
2/25/2010 80,978,942.46
3/25/2010 77,344,249.50
4/25/2010 73,872,310.40
5/25/2010 70,555,850.96
6/25/2010 67,387,921.58
7/25/2010 64,361,882.86
8/25/2010 61,471,391.74
9/25/2010 58,710,388.28
10/25/2010 56,073,083.07
11/25/2010 53,553,945.13
12/25/2010 51,147,690.41
1/25/2011 48,849,270.79
2/25/2011 46,653,863.50
3/25/2011 44,556,861.17
------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
15
-----------------------------------------------------------------------------------------------------------------------------------
SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
-----------------------------------------------------------------------------------------------------------------------------------
Sensitivity Table
To 10% Call
-------------------------------------------------------------------------------------------------------
50% PPC 75% PPC 100% PPC 125% PPC 150% PPC
-------------------------------------------------------------------------------------------------------
A Avg Life (years) 5.14 3.42 | 2.50| 1.90 1.44
First Payment Date May-07 May-07 | May-07| May-07 May-07
Last Payment Date Aug-21 Nov-16 | May-14| Oct-12 Sep-11
| |
M-1 Avg Life (years) 9.44 6.27 | 4.79| 4.22 4.29
First Payment Date Nov-11 May-10 | Aug-10| Dec-10 Jun-11
Last Payment Date Aug-21 Nov-16 | May-14| Oct-12 Sep-11
| |
M-2 Avg Life (years) 9.44 6.27 | 4.76| 4.12 4.00
First Payment Date Nov-11 May-10 | Jul-10| Oct-10 Jan-11
Last Payment Date Aug-21 Nov-16 | May-14| Oct-12 Sep-11
| |
M-3 Avg Life (years) 1.50 1.59 | 1.70| 1.87 2.10
First Payment Date May-08 May-08 | May-08| Jun-08 Jul-08
Last Payment Date May-09 Jul-09 | Oct-09| Feb-10 May-10
| |
-------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
16
-----------------------------------------------------------------------------------------------------------------------------------
SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
-----------------------------------------------------------------------------------------------------------------------------------
Sensitivity Table
To Maturity
-------------------------------------------------------------------------------------------------------
50% PPC 75% PPC 100% PPC 125% PPC 150% PPC
-------------------------------------------------------------------------------------------------------
A Avg Life (years) 5.18 3.66 | 2.72| 2.06 1.58
First Payment Date May-07 May-07 | May-07| May-07 May-07
Last Payment Date Nov-25 Dec-21 | Dec-21| Jun-19 Jan-17
| |
M-1 Avg Life (years) 9.50 6.85 | 5.26| 4.59 4.59
First Payment Date Nov-11 May-10 | Aug-10| Dec-10 Jun-11
Last Payment Date Dec-21 Dec-21 | Jun-19| Sep-16 Nov-14
| |
M-2 Avg Life (years) 9.50 6.85 | 5.21| 4.46 4.27
First Payment Date Nov-11 May-10 | Jul-10| Oct-10 Jan-11
Last Payment Date Dec-21 Dec-21 | Jan-19| May-16 Aug-14
| |
M-3 Avg Life (years) 1.50 1.59 | 1.70| 1.87 2.10
First Payment Date May-08 May-08 | May-08| Jun-08 Jul-08
Last Payment Date May-09 Jul-09 | Oct-09| Feb-10 May-10
| |
-------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
17
-----------------------------------------------------------------------------------------------------------------------------------
SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
-----------------------------------------------------------------------------------------------------------------------------------
Sensitivity Table
To Maturity
------------------------------------------
CDR Collateral
Break (%) Loss (%)
------------------------------------------
M-1 | 18.52| 15.95
| |
M-2 | 14.80| 13.61
| |
M-3 | 11.12| 10.97
| |
------------------------------------------
*The tables above display the Constant Default Rate ("CDR"), and the related cumulative collateral loss, where the referenced
Certificate first incurs a writedown.
*Calculations are run to maturity. Other assumptions incorporated include:
(1) The pricing Prepayment Assumptions are applied
(2) Assumes 1-Month Forward LIBOR
(3) Trigger Event is in effect
(4) There is a 12 month lag in recoveries
(5) Assumes bonds pay on the 25th of each month
(6) Loss Severity of 40%
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
18
-----------------------------------------------------------------------------------------------------------------------------------
SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
-----------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
Effective Available Funds Cap* Effective Available Funds Cap*
Net WAC Pass-Through Net WAC Pass-Through
Period Date Rate Cap (%) Period Date Rate Cap (%)
---------------------------------------------------------------------------------------------
1 5/25/2007 43.30 46 2/25/2011 16.89
2 6/25/2007 24.12 47 3/25/2011 17.69
3 7/25/2007 24.19 48 4/25/2011 16.67
4 8/25/2007 23.84 49 5/25/2011 16.85
5 9/25/2007 23.68 50 6/25/2011 16.45
6 10/25/2007 23.71 51 7/25/2011 16.64
7 11/25/2007 23.31 52 8/25/2011 16.24
8 12/25/2007 23.32 53 9/25/2011 16.14
9 1/25/2008 22.88 54 10/25/2011 10.92
10 2/25/2008 22.66 55 11/25/2011 10.57
11 3/25/2008 22.91 56 12/25/2011 10.92
12 4/25/2008 22.23 57 1/25/2012 10.57
13 5/25/2008 22.25 58 2/25/2012 10.57
14 6/25/2008 21.82 59 3/25/2012 11.30
15 7/25/2008 21.85 60 4/25/2012 10.57
16 8/25/2008 21.42 61 5/25/2012 10.92
17 9/25/2008 21.23 62 6/25/2012 10.57
18 10/25/2008 21.28 63 7/25/2012 10.92
19 11/25/2008 20.85 64 8/25/2012 10.57
20 12/25/2008 20.91 65 9/25/2012 10.57
21 1/25/2009 20.49 66 10/25/2012 10.92
22 2/25/2009 20.31 67 11/25/2012 10.57
23 3/25/2009 20.93 68 12/25/2012 10.92
24 4/25/2009 19.97 69 1/25/2013 10.57
25 5/25/2009 20.05 70 2/25/2013 10.57
26 6/25/2009 19.63 71 3/25/2013 11.70
27 7/25/2009 19.73 72 4/25/2013 10.57
28 8/25/2009 19.31 73 5/25/2013 10.92
29 9/25/2009 19.16 74 6/25/2013 10.57
30 10/25/2009 19.26 75 7/25/2013 10.92
31 11/25/2009 18.85 76 8/25/2013 10.57
32 12/25/2009 18.97 77 9/25/2013 10.57
33 1/25/2010 18.56 78 10/25/2013 10.92
34 2/25/2010 18.42 79 11/25/2013 10.57
35 3/25/2010 19.14 80 12/25/2013 10.92
36 4/25/2010 18.14 81 1/25/2014 10.57
37 5/25/2010 18.28 82 2/25/2014 10.57
38 6/25/2010 17.87 83 3/25/2014 11.71
39 7/25/2010 18.01 84 4/25/2014 10.57
40 8/25/2010 17.61 85 5/25/2014 10.93
41 9/25/2010 17.49
42 10/25/2010 17.64 *Pricing Speed
43 11/25/2010 17.24 *Effective AFC is ACT/360 day count
44 12/25/2010 17.40 *1 Month Libor: 20% as of April 27, 2007
*Includes Net Swap Payments from
45 1/25/2011 17.01 the Swap Provider
---------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
19
-----------------------------------------------------------------------------------------------------------------------------------
SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
-----------------------------------------------------------------------------------------------------------------------------------
Excess Spread*
(Assumes Pricing Prepayment Speed, Excludes Basis Risk Shortfalls)
----------------------------------------------------------------------------------------------------------
Excess Excess Excess Excess
Spread in Spread in Spread in Spread in
bp 1 Month bp bp 1 Month bp
(Static Forward (Forward (Static Forward (Forward
Period LIBOR) LIBOR (%) LIBOR) Period LIBOR) LIBOR (%) LIBOR)
----------------------------------------------------------------------------------------------------------
1 878 5.3200 878 45 600 4.9099 616
----------------------------------------------------------------------------------------------------------
2 510 5.3356 510 46 600 4.9095 616
----------------------------------------------------------------------------------------------------------
3 516 5.3398 515 47 625 4.9110 641
----------------------------------------------------------------------------------------------------------
4 514 5.2885 515 48 599 4.9115 616
----------------------------------------------------------------------------------------------------------
5 517 5.2717 517 49 608 5.0036 621
----------------------------------------------------------------------------------------------------------
6 523 5.2406 524 50 599 5.0064 612
----------------------------------------------------------------------------------------------------------
7 521 5.1760 523 51 607 5.0098 621
----------------------------------------------------------------------------------------------------------
8 528 5.1538 530 52 598 5.0129 612
----------------------------------------------------------------------------------------------------------
9 526 5.0852 530 53 598 5.0162 612
----------------------------------------------------------------------------------------------------------
10 529 4.9860 534 54 598 5.0187 622
----------------------------------------------------------------------------------------------------------
11 541 4.9307 547 55 582 5.0208 607
----------------------------------------------------------------------------------------------------------
12 534 4.8721 543 56 598 5.0244 622
----------------------------------------------------------------------------------------------------------
13 542 4.8684 551 57 582 5.0262 606
----------------------------------------------------------------------------------------------------------
14 540 4.8232 551 58 582 5.0275 606
----------------------------------------------------------------------------------------------------------
15 549 4.7815 560 59 614 5.0307 636
----------------------------------------------------------------------------------------------------------
16 547 4.7374 560 60 582 5.0347 606
----------------------------------------------------------------------------------------------------------
17 550 4.6935 565 61 598 5.1139 615
----------------------------------------------------------------------------------------------------------
18 559 4.6523 575 62 582 5.1177 599
----------------------------------------------------------------------------------------------------------
19 558 4.6083 576 63 598 5.1213 614
----------------------------------------------------------------------------------------------------------
20 567 4.5697 586 64 582 5.1259 598
----------------------------------------------------------------------------------------------------------
21 566 4.5272 587 65 582 5.1279 598
----------------------------------------------------------------------------------------------------------
22 570 4.4872 593 66 598 5.1310 613
----------------------------------------------------------------------------------------------------------
23 592 4.4493 614 67 582 5.1345 598
----------------------------------------------------------------------------------------------------------
24 579 4.4106 605 68 598 5.1371 613
----------------------------------------------------------------------------------------------------------
25 590 4.7879 607 69 582 5.1406 597
----------------------------------------------------------------------------------------------------------
26 589 4.7787 607 70 582 5.1411 597
----------------------------------------------------------------------------------------------------------
27 600 4.7704 619 71 630 5.1446 643
----------------------------------------------------------------------------------------------------------
28 600 4.7604 620 72 582 5.1466 597
----------------------------------------------------------------------------------------------------------
29 606 4.7518 623 73 598 5.2130 607
----------------------------------------------------------------------------------------------------------
30 617 4.7435 631 74 582 5.2152 591
----------------------------------------------------------------------------------------------------------
31 614 4.7339 629 75 598 5.2185 606
----------------------------------------------------------------------------------------------------------
32 623 4.7262 637 76 582 5.2224 590
----------------------------------------------------------------------------------------------------------
33 619 4.7159 635 77 582 5.2241 590
----------------------------------------------------------------------------------------------------------
34 622 4.7074 638 78 598 5.2270 606
----------------------------------------------------------------------------------------------------------
35 643 4.7000 658 79 582 5.2296 590
----------------------------------------------------------------------------------------------------------
36 627 4.6913 644 80 598 5.2321 605
----------------------------------------------------------------------------------------------------------
37 637 4.9013 648 81 582 5.2348 589
----------------------------------------------------------------------------------------------------------
38 616 4.9023 629 82 582 5.2354 589
----------------------------------------------------------------------------------------------------------
39 610 4.9043 623 83 630 5.2385 636
----------------------------------------------------------------------------------------------------------
40 596 4.9052 610 84 582 5.2399 589
----------------------------------------------------------------------------------------------------------
41 599 4.9060 614 85 598 5.2951 600
----------------------------------------------------------------------------------------------------------
42 609 4.9073 624
----------------------------------------------------------------------------------------------------------
43 601 4.9079 617
----------------------------------------------------------------------------------------------------------
44 609 4.9098 624
----------------------------------------------------------------------------------------------------------
*Includes Net Swap Payments
*Excess Spread is on a 30/360 day count.
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
20
-----------------------------------------------------------------------------------------------------------------------------------
SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
SUMMARY - AGGREGATE POOL*
-----------------------------------------------------------------------------------------------------------------------------------
Number of Mortgage Loans: 5,767 Property Type:
Aggregate Principal Balance: $370,848,626 Single Family Residence: 55.32%
Conforming Balance Loans: $331,970,288 PUD: 25.35%
Average Principal Balance: $64,305 2-4 Family: 8.28%
Range: $7,614 - $597,052 Condo: 10.96%
Weighted Coupon: 11.447% Condotel: 0.00%
Range: 4.625% - 22.250% Townhouse: 0.09%
Weighted Average Remaining Term (months): 196 Modular: 0.01%
Range (months): 115 - 359 Occupancy Status:
Weighted Average Seasoning (months): 4 Primary: 77.18%
Latest Maturity Date: Xxxxx 0, 0000 Xxxxxxxxxx: 15.40%
State Concentration (top 5): Second Home: 7.43%
Florida: 16.06% Documentation Status:
California: 15.64% Full Documentation: 15.17%
Virginia: 6.38% Stated Documentation: 77.74%
Arizona: 6.22% Limited Documentation: 0.21%
Maryland: 5.24% No Documentation: 6.88%
Weighted Average Combined Original LTV: 95.61% Weighted Average Prepayment Term (Months): 25
Range: 12.85% - 100.00% Loans with Prepayment Penalties: 4.09%
First Liens: 0.00% Interest Only Loans: 0.00%
Second Liens: 100.00% Weighted Average Interest Only Term (Months): 0
Non-Balloon Loans: 13.52%
Non-Zero Weighted Average FICO: 709
Index Type:
Fixed Rate: 100.00%
---------------------------------------------------------------------------------------------------------------------------------
* Unless otherwise stated, all percentages are based on Aggregate Principal Balance as of the Cutoff Date
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
21
-----------------------------------------------------------------------------------------------------------------------------------
SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Originator
---------------------------------------------------------------------------------------------------------------------------------
% of
Aggregate
Number of Remaining W.A. W.A.
Initial Aggregate Remaining Principal W.A. Non-Zero Original
Originator Mortgage Loans Principal Balance ($) Balance Coupon (%) FICO CLTV (%)
---------------------------------------------------------------------------------------------------------------------------------
American Home 3,770 251,480,115 67.81 11.809 710 95.89
New Century Mortgage 667 38,142,432 10.29 10.360 709 94.40
Quicken Loans 372 20,112,907 5.42 8.931 711 87.29
People's Choice 250 18,938,160 5.11 10.938 699 99.29
Other 708 42,175,012 11.37 11.697 705 97.32
---------------------------------------------------------------------------------------------------------------------------------
Total: 5,767 370,848,626 100.00 11.447 709 95.61
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Product Type
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
% of Aggregate
Number of Remaining W.A. W.A.
Initial Aggregate Remaining Principal W.A. Non-Zero Original
Product Type Mortgage Loans Principal Balance ($) Balance Coupon (%) FICO CLTV (%)
---------------------------------------------------------------------------------------------------------------------------------
Fixed - 10 Year 6 246,874 0.07 12.588 690 96.84
Fixed - 15 Year 148 6,904,083 1.86 9.168 724 86.66
Fixed - 20 Year 64 2,620,837 0.71 11.579 693 95.11
Fixed - 30 Year 737 40,373,948 10.89 11.019 708 96.58
Balloon - 15/30 4,812 320,702,884 86.48 11.547 709 95.68
---------------------------------------------------------------------------------------------------------------------------------
Total: 5,767 370,848,626 100.00 11.447 709 95.61
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Principal Balance at Origination
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
% of
Aggregate
Remaining W.A. W.A.
Number of Initial Aggregate Remaining Principal W.A. Non-Zero Original
Principal Balance at Origination ($) Mortgage Loans Principal Balance ($) Balance Coupon (%) FICO CLTV (%)
---------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00 2,941 92,095,642 24.83 11.487 707 94.98
50,000.01 - 100,000.00 1,985 139,534,783 37.63 11.359 707 96.73
100,000.01 - 150,000.00 459 56,306,669 15.18 11.602 708 96.01
150,000.01 - 200,000.00 239 41,954,787 11.31 12.032 709 95.25
200,000.01 - 250,000.00 65 14,663,274 3.95 10.821 715 95.86
250,000.01 - 300,000.00 44 12,579,382 3.39 11.250 728 96.14
300,000.01 - 350,000.00 6 1,955,924 0.53 10.624 710 90.16
350,000.01 - 400,000.00 20 7,791,743 2.10 10.992 732 89.52
400,000.01 - 450,000.00 1 414,226 0.11 10.875 671 79.42
450,000.01 - 500,000.00 6 2,955,144 0.80 9.545 721 82.31
550,000.01 - 600,000.00 1 597,052 0.16 7.875 759 76.19
---------------------------------------------------------------------------------------------------------------------------------
Total: 5,767 370,848,626 100.00 11.447 709 95.61
---------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
22
-----------------------------------------------------------------------------------------------------------------------------------
SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Remaining Principal Balance
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
% of Aggregate
Remaining W.A. W.A.
Remaining Principal Balance Number of Initial Aggregate Remaining Principal W.A. Non-Zero Original
($) Mortgage Loans Principal Balance ($) Balance Coupon (%) FICO CLTV (%)
---------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00 2,948 92,426,587 24.92 11.479 707 94.99
50,000.01 - 100,000.00 1,979 139,247,399 37.55 11.363 707 96.73
100,000.01 - 150,000.00 460 56,542,500 15.25 11.599 708 96.02
150,000.01 - 200,000.00 237 41,675,396 11.24 12.039 709 95.21
200,000.01 - 250,000.00 66 14,887,831 4.01 10.835 715 95.92
250,000.01 - 300,000.00 43 12,354,826 3.33 11.241 728 96.07
300,000.01 - 350,000.00 6 1,955,924 0.53 10.624 710 90.16
350,000.01 - 400,000.00 20 7,791,743 2.10 10.992 732 89.52
400,000.01 - 450,000.00 1 414,226 0.11 10.875 671 79.42
450,000.01 - 500,000.00 6 2,955,144 0.80 9.545 721 82.31
550,000.01 - 600,000.00 1 597,052 0.16 7.875 759 76.19
---------------------------------------------------------------------------------------------------------------------------------
Total: 5,767 370,848,626 100.00 11.447 709 95.61
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Remaining Term
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
% of Aggregate
Number of Remaining W.A. W.A.
Initial Aggregate Remaining Principal W.A. Non-Zero Original
Months Remaining Mortgage Loans Principal Balance ($) Balance Coupon (%) FICO CLTV (%)
---------------------------------------------------------------------------------------------------------------------------------
61 - 120 6 246,874 0.07 12.588 690 96.84
121 - 180 4,960 327,606,967 88.34 11.497 709 95.49
181 - 240 64 2,620,837 0.71 11.579 693 95.11
301 - 360 737 40,373,948 10.89 11.019 708 96.58
---------------------------------------------------------------------------------------------------------------------------------
Total: 5,767 370,848,626 100.00 11.447 709 95.61
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Interest Only Term
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
% of Aggregate
Number of Remaining W.A. W.A.
Initial Aggregate Remaining Principal W.A. Non-Zero Original
IO Term (months) Mortgage Loans Principal Balance ($) Balance Coupon (%) FICO CLTV (%)
---------------------------------------------------------------------------------------------------------------------------------
0 5,767 370,848,626 100.00 11.447 709 95.61
---------------------------------------------------------------------------------------------------------------------------------
Total: 5,767 370,848,626 100.00 11.447 709 95.61
---------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
23
-----------------------------------------------------------------------------------------------------------------------------------
SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Mortgage Rate
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
% of Aggregate
Number of Remaining W.A. W.A.
Initial Aggregate Remaining Principal W.A. Non-Zero Original
Mortgage Rate (%) Mortgage Loans Principal Balance ($) Balance Coupon (%) FICO CLTV (%)
---------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.999 2 177,119 0.05 4.625 741 69.49
5.000 - 5.499 3 385,156 0.10 5.170 734 72.71
5.500 - 5.999 8 645,067 0.17 5.823 740 71.82
6.000 - 6.499 8 489,901 0.13 6.222 775 63.76
6.500 - 6.999 21 1,759,177 0.47 6.805 735 75.56
7.000 - 7.499 32 1,959,870 0.53 7.190 731 82.30
7.500 - 7.999 126 8,784,530 2.37 7.718 737 86.17
8.000 - 8.499 147 8,046,960 2.17 8.214 727 91.91
8.500 - 8.999 248 14,559,980 3.93 8.716 724 93.24
9.000 - 9.499 188 12,693,383 3.42 9.221 713 94.03
9.500 - 9.999 479 27,810,539 7.50 9.763 707 95.44
10.000 - 10.499 554 35,597,622 9.60 10.180 715 96.50
10.500 - 10.999 460 35,077,927 9.46 10.692 709 96.04
11.000 - 11.499 406 35,008,190 9.44 11.218 716 97.28
11.500 - 11.999 426 34,043,444 9.18 11.692 707 96.10
12.000 - 12.499 479 28,602,720 7.71 12.179 701 95.52
12.500 - 12.999 829 46,716,205 12.60 12.637 703 96.76
13.000 - 13.499 490 27,055,608 7.30 13.180 701 96.76
13.500 - 13.999 384 22,848,669 6.16 13.670 699 97.27
14.000 - 14.499 210 12,860,639 3.47 14.193 699 97.25
14.500 - 14.999 125 7,562,143 2.04 14.614 700 96.68
15.000 - 15.499 49 2,626,349 0.71 15.187 697 96.81
15.500 - 15.999 49 2,678,225 0.72 15.725 707 95.50
16.000 - 16.499 13 851,140 0.23 16.264 723 95.11
16.500 - 16.999 12 1,086,037 0.29 16.703 740 96.56
17.000 - 17.499 8 161,546 0.04 17.167 694 96.60
17.500 - 17.999 5 387,957 0.10 17.821 719 96.96
18.000 - 18.499 1 55,985 0.02 18.250 739 100.00
18.500 - 18.999 1 23,791 0.01 18.500 662 100.00
19.000 - 19.499 1 121,961 0.03 19.375 737 100.00
20.000 - 20.499 2 133,813 0.04 20.250 728 100.00
22.000 - 22.499 1 36,975 0.01 22.250 633 100.00
---------------------------------------------------------------------------------------------------------------------------------
Total: 5,767 370,848,626 100.00 11.447 709 95.61
---------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
24
-----------------------------------------------------------------------------------------------------------------------------------
SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Original Combined Loan-to-Value Ratio
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
% of Aggregate
Number of Remaining W.A. W.A.
Original Combined Loan-to-Value Initial Aggregate Remaining Principal W.A. Non-Zero Original
Ratio (%) Mortgage Loans Principal Balance ($) Balance Coupon (%) FICO CLTV (%)
---------------------------------------------------------------------------------------------------------------------------------
Less than or equal to 50.00 17 982,905 0.27 8.624 730 40.02
50.01 - 55.00 8 879,369 0.24 7.680 716 53.20
55.01 - 60.00 9 606,551 0.16 8.678 671 57.17
60.01 - 65.00 5 586,078 0.16 9.935 715 63.05
65.01 - 70.00 28 1,859,136 0.50 7.683 714 67.47
70.01 - 75.00 23 2,396,901 0.65 8.804 723 73.18
75.01 - 80.00 99 10,730,957 2.89 9.583 710 78.72
80.01 - 85.00 142 8,179,921 2.21 10.231 698 83.73
85.01 - 90.00 1,097 54,309,014 14.64 11.418 706 89.41
90.01 - 95.00 1,267 72,907,108 19.66 11.889 713 94.64
95.01 - 100.00 3,072 217,410,688 58.63 11.544 708 99.87
---------------------------------------------------------------------------------------------------------------------------------
Total: 5,767 370,848,626 100.00 11.447 709 95.61
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
FICO Score at Origination
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
% of Aggregate
Number of Remaining W.A. W.A.
Initial Aggregate Remaining Principal W.A. Non-Zero Original
FICO Score at Origination Mortgage Loans Principal Balance ($) Balance Coupon (%) FICO CLTV (%)
---------------------------------------------------------------------------------------------------------------------------------
600 - 624 43 2,191,655 0.59 12.111 622 88.62
625 - 649 247 12,398,660 3.34 11.762 638 90.90
650 - 674 1,012 62,052,962 16.73 12.383 666 95.48
675 - 699 1,509 101,066,249 27.25 11.398 687 96.74
700 - 724 1,052 69,663,892 18.78 11.104 711 96.02
725 - 749 866 56,320,949 15.19 11.258 736 95.78
750 - 774 635 41,111,258 11.09 11.151 761 94.69
775 - 799 312 19,151,979 5.16 10.982 785 94.69
800 - 824 91 6,891,021 1.86 10.997 808 93.38
---------------------------------------------------------------------------------------------------------------------------------
Total: 5,767 370,848,626 100.00 11.447 709 95.61
---------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
25
-----------------------------------------------------------------------------------------------------------------------------------
SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Geographic Distribution*
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
% of Aggregate
Number of Remaining W.A. W.A.
Initial Aggregate Remaining Principal W.A. Non-Zero Original
Location Mortgage Loans Principal Balance ($) Balance Coupon (%) FICO CLTV (%)
---------------------------------------------------------------------------------------------------------------------------------
Florida 760 59,566,191 16.06 12.073 711 95.50
California 660 58,017,970 15.64 10.909 706 95.54
Virginia 296 23,678,065 6.38 11.035 709 95.99
Arizona 344 23,075,028 6.22 11.540 712 96.72
Maryland 279 19,424,929 5.24 11.304 701 96.35
New York 181 17,211,381 4.64 11.575 704 94.83
Illinois 270 16,524,688 4.46 11.403 710 95.79
Texas 319 12,234,896 3.30 10.961 718 96.66
Georgia 267 11,189,996 3.02 11.785 709 96.96
New Jersey 144 10,699,910 2.89 11.315 702 93.81
North Carolina 261 10,491,497 2.83 11.851 711 95.93
Nevada 138 9,455,284 2.55 11.146 709 95.24
Massachusetts 124 9,093,723 2.45 11.680 704 94.87
Colorado 156 8,987,897 2.42 11.780 716 96.34
Washington 132 8,133,004 2.19 11.198 709 94.32
Oregon 120 7,600,628 2.05 11.418 717 95.73
Utah 70 6,911,147 1.86 11.748 719 96.42
Connecticut 91 6,559,452 1.77 11.925 700 92.68
Minnesota 92 5,677,046 1.53 11.843 710 97.38
Michigan 156 5,623,334 1.52 10.521 707 94.69
Pennsylvania 120 5,063,901 1.37 11.303 710 94.39
South Carolina 94 4,504,847 1.21 11.562 719 97.12
Hawaii 27 2,808,862 0.76 10.397 717 96.37
Idaho 46 2,577,213 0.69 11.784 713 92.13
Rhode Island 39 2,499,238 0.67 12.089 692 94.26
Ohio 70 2,477,231 0.67 10.952 706 94.49
Missouri 57 2,224,810 0.60 11.495 711 94.98
New Hampshire 42 1,898,539 0.51 11.840 700 94.63
Delaware 26 1,472,645 0.40 11.677 709 90.64
Indiana 49 1,340,578 0.36 11.995 723 96.65
Tennessee 28 1,212,924 0.33 10.492 713 95.74
Wisconsin 22 1,182,295 0.32 11.616 702 97.12
District of Columbia 17 1,156,583 0.31 12.474 723 96.95
Maine 30 1,126,964 0.30 11.852 687 96.06
Alabama 36 1,092,413 0.29 11.759 692 94.60
Louisiana 27 1,078,648 0.29 12.527 723 98.47
Kentucky 24 909,766 0.25 11.793 705 97.67
---------------------------------------------------------------------------------------------------------------------------------
*Geographic Distribution continued on the next page
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
26
-----------------------------------------------------------------------------------------------------------------------------------
SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Geographic Distribution (continued)
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
% of Aggregate
Number of Remaining W.A. W.A.
Initial Aggregate Remaining Principal W.A. Non-Zero Original
Location Mortgage Loans Principal Balance ($) Balance Coupon (%) FICO CLTV (%)
---------------------------------------------------------------------------------------------------------------------------------
Oklahoma 27 807,628 0.22 10.862 719 95.45
Mississippi 23 729,954 0.20 12.457 730 94.60
Kansas 16 717,778 0.19 10.421 729 95.68
New Mexico 16 684,975 0.18 10.343 684 94.53
Montana 9 646,283 0.17 10.893 719 90.07
West Virginia 11 557,780 0.15 11.054 704 97.51
Wyoming 8 407,765 0.11 10.918 738 91.06
Vermont 8 384,618 0.10 10.933 697 96.83
Arkansas 10 335,235 0.09 11.269 718 96.29
Nebraska 9 330,290 0.09 10.208 718 96.96
Iowa 12 278,349 0.08 11.223 696 95.73
Alaska 4 184,447 0.05 11.024 705 95.11
---------------------------------------------------------------------------------------------------------------------------------
Total: 5,767 370,848,626 100.00 11.447 709 95.61
---------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
27
-----------------------------------------------------------------------------------------------------------------------------------
SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Occupancy Status
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
% of Aggregate
Number of Remaining W.A. W.A.
Initial Aggregate Remaining Principal W.A. Non-Zero Original
Occupancy Status Mortgage Loans Principal Balance ($) Balance Coupon (%) FICO CLTV (%)
---------------------------------------------------------------------------------------------------------------------------------
Primary 3,997 286,214,234 77.18 11.010 705 96.04
Investment 1,367 57,093,564 15.40 13.112 722 93.04
Second Home 403 27,540,828 7.43 12.526 728 96.47
---------------------------------------------------------------------------------------------------------------------------------
Total: 5,767 370,848,626 100.00 11.447 709 95.61
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Documentation Type
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
% of Aggregate
Number of Remaining W.A. W.A.
Initial Aggregate Remaining Principal W.A. Non-Zero Original
Documentation Type Mortgage Loans Principal Balance ($) Balance Coupon (%) FICO CLTV (%)
---------------------------------------------------------------------------------------------------------------------------------
Stated Income/Verified Asset 2,039 134,016,262 36.14 11.749 703 95.36
No Ratio 1,775 128,558,195 34.67 11.598 710 97.13
Full/Alternative 1,101 56,252,424 15.17 9.741 714 93.08
No Documentation 420 24,508,116 6.61 12.825 731 96.00
Stated Income/Stated Asset 352 21,937,291 5.92 11.359 704 94.57
No Income/Stated Asset 45 3,768,930 1.02 12.008 708 94.42
No Income/No Asset 16 1,022,575 0.28 13.495 710 92.62
Verified Income/Stated Asset 16 523,197 0.14 11.618 684 95.42
Reduced 3 261,637 0.07 10.672 697 100.00
---------------------------------------------------------------------------------------------------------------------------------
Total: 5,767 370,848,626 100.00 11.447 709 95.61
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Loan Purpose
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
% of Aggregate
Number of Remaining W.A. W.A.
Initial Aggregate Remaining Principal W.A. Non-Zero Original
Loan Purpose Mortgage Loans Principal Balance ($) Balance Coupon (%) FICO CLTV (%)
---------------------------------------------------------------------------------------------------------------------------------
Purchase 3,904 248,792,722 67.09 11.780 714 97.71
Refinance - Cashout 1,618 109,450,301 29.51 10.809 697 91.37
Refinance - Rate Term 233 12,038,934 3.25 10.341 708 90.55
Construction 12 566,669 0.15 11.715 698 98.10
---------------------------------------------------------------------------------------------------------------------------------
Total: 5,767 370,848,626 100.00 11.447 709 95.61
---------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
28
-----------------------------------------------------------------------------------------------------------------------------------
SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Property Type
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
% of Aggregate
Number of Remaining W.A. W.A.
Initial Aggregate Remaining Principal W.A. Non-Zero Original
Property Type Mortgage Loans Principal Balance ($) Balance Coupon (%) FICO CLTV (%)
---------------------------------------------------------------------------------------------------------------------------------
Single Family Residence 3,302 205,166,370 55.32 11.169 705 95.04
PUD 1,344 93,997,160 25.35 11.410 712 96.50
Condo 648 40,658,356 10.96 11.859 718 96.75
2-4 Family 462 30,693,713 8.28 12.889 714 95.33
Townhouse 10 317,438 0.09 9.238 707 80.63
Modular 1 15,589 0.00 12.750 679 90.00
---------------------------------------------------------------------------------------------------------------------------------
Total: 5,767 370,848,626 100.00 11.447 709 95.61
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Original Prepayment Penalty Term
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
% of Aggregate
Number of Remaining W.A. W.A.
Initial Aggregate Remaining Principal W.A. Non-Zero Original
Prepayment Penalty Term (months) Mortgage Loans Principal Balance ($) Balance Coupon (%) FICO CLTV (%)
---------------------------------------------------------------------------------------------------------------------------------
0 5,575 355,666,347 95.91 11.457 709 95.47
12 11 764,797 0.21 12.636 695 98.75
24 143 11,884,210 3.20 11.008 704 99.39
36 38 2,533,273 0.68 11.737 699 96.93
---------------------------------------------------------------------------------------------------------------------------------
Total: 5,767 370,848,626 100.00 11.447 709 95.61
---------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
29
-----------------------------------------------------------------------------------------------------------------------------------
SunTrust Acquisition Closed-End Seconds Trust, Deutsche Bank [LOGO]
Series 2007-1
-----------------------------------------------------------------------------------------------------------------------------------
FOR ADDITIONAL INFORMATION PLEASE CALL:
-----------------------------------------------------------------------------------------
Deutsche Bank Securities
-----------------------------------------------------------------------------------------
ABS Banking
-----------
Xxxxxxx Xxxxxx 000-000-0000
Xxxxx Xxxxxxxx 000-000-0000
Xxxxxx Xxxxxxx 000-000-0000
Xxxxx Xxxxxx 000-000-0000
ABS Structuring
---------------
Xxxxxxx Xxx 212-250-3053
Xxxxxx XxXxxxxxx 000-000-0000
ABS Collateral
--------------
Xxxxx Xxxx 000-000-0000
-----------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------
Rating Agency Contacts
-----------------------------------------------------------------------------------------
S&P
---
Xxxx Solar 000-000-0000
Xxxxx Xxxxxxx Xxxx 000-000-0000
DBRS
----
Xxxxxxx Xxxx 000-000-0000
Xxxxx Xxxxxxx 000-000-0000
Sagar Kongettira 000-000-0000
-----------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------
Class A Certificate Insurer Contacts
-----------------------------------------------------------------------------------------
XL Capital Assurance Inc.
-------------------------
Xxxxx Xxxxxx 000-000-0000
Xxxxx Xxxxx, Xx. 000-000-0000
-----------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this TERM SHEET
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by
visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 000-000-0000. This TERM SHEET
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this TERM SHEET is preliminary and is subject to completion or change. The information in this TERM SHEET, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar TERM SHEET relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this TERM SHEET may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change.
30
