Exhibit 99.1
September 21, 1998 Deutsche Bank Securities[/]
--------------------------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-6
--------------------------------------------------------------------------------
[$820,000,000] Offering Amount
FSA Bond Insured
TRANSACTION SUMMARY
----------------------------------------------------------------------------------------------------------------------
Estimated Estimated Estimated
WAL Modified Payment Expected
Approximate to Call Duration Window Ratings
Certificate(a) Size ($000s) Coupon (years) (years) (# pmt dates) (Xxxxx'x/S&P)
----------------------------------------------------------------------------------------------------------------------
Certificates backed by Group One (Fixed Rate) Loans
Class A-1 [$71,697] Fixed [0.30] [0.29] 1-7 (7) P1 / A1+
Class A-2 [$166,138] Fixed [1.00] [0.95] 7-19 (13) Aaa / AAA
Class A-3 [$123,336] Fixed [2.00] [1.84] 19-31 (13) Aaa / AAA
Class A-4 [$85,804] Fixed [3.00] [2.67] 31-43 (13) Aaa / AAA
Class A-5 [$55,912] Fixed [4.00] [3.46] 43-54 (12) Aaa / AAA
Class A-6 [$71,725] Fixed [5.40] [4.47] 54-79 (26) Aaa / AAA
Class A-7 [$71,738] Fixed (b) [7.45] [5.73] 79-91 (13) Aaa / AAA
Class A-8 [$48,650] Fixed (b) [6.14] [4.97] 37-91 (55) Aaa / AAA
Class A-9IO [$48,650] IO (c) N/A [1.42] N/A Aaa / AAAr
----------------------------------------------------------------------------------------------------------------------
Certificates backed by Group Two (Adjustable Rate) Loans
Class A-10 [$125,000] Floating (d) [2.48] [2.13] 1-91 (91) Aaa / AAA
----------------------------------------------------------------------------------------------------------------------
Notes:
(a) The certificates will be priced to the 10% Optional Termination.
(b) The Pass-Through Rate on the Class [A-7 and A-8] Certificates will
equal the lesser of (i) their respective Pass-Through Rates, and
(ii) the weighted average Coupon Rate of the Home Equity Loans,
less the sum of (A) approximately [ ]% per annum plus (B) the
product of the Class A-9IO Pass-Through Rate and the Class A-9IO
Notional Balance divided by the Loan Balance of the Home Equity
Loans. The pass-through rate for each class remaining outstanding
will increase by 0.50% for remittance periods beginning after the
Clean-up Call Date.
(c) The Class A-9IO Certificates are interest only Certificates.
Interest on the Class A-9IO will be paid on a notional principal
balance equal to the then outstanding principal balance of the
Class A-8 Certificates (initially $[ ]) at a Pass-Through Rate of
[ ]% per annum, from the first Payment Date until the Payment Date
in [September 2001].
(d) The Pass-Through Rate on the Class A-10 Certificates adjusts
monthly based on One Month LIBOR, and will be the lesser of One
Month LIBOR + [ ]%, and (ii) the weighted average Coupon Rate of
the Home Equity Loans, less approximately [ ]% per annum.
Prepayment Pricing
Speed Assumption: Group One: 4% CPR, increasing to 25% CPR over 12 months
Group Two: 30% CPR
Payment Date: The 20th day of each month (or the next Business Day thereafter) commencing on
October 20, 1998.
Payment Delay: With the exception of the Class A-1 and A-10 Certificates, 19 days. With respect
to the Class A-1 and A-10 Certificates, 0 days.
Settlement (Closing) Date: On or about September 29, 1998.
Cut-off Date: September 1, 1998 (close of business)
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein. Pg. 1
September 21, 1998 Deutsche Bank Securities[/]
--------------------------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-6
--------------------------------------------------------------------------------
DESCRIPTION OF SECURITIES
Title of Securities: IMC Home Equity Loan Trust 1998-6
Lead Underwriter: Deutsche Bank Securities Inc.
Co-Underwriters: To be determined
Seller and Servicer: IMC Mortgage Company
Depositor: IMC Securities, Inc.
Trustee: The Chase Manhattan Bank
Offering Amount: [$820,000,000]
Home Equity Loans: The home equity loans to be conveyed to the
Trust (the "Home Equity Loans") will consist
of two groups (each, a "Home Equity Loan
Group"):
Group One: Group One will consist of
approximately [$695,000,000] of fixed rate
home equity loans.
Group Two: Group Two will consist of
approximately [$125,000,000] of adjustable
rate home equity loans.
Certificates: Fixed Rate Certificates: Class A-1 through
Class A-9IO Certificates, which shall
receive distributions as a result of
payments of principal and interest on the
Group One Loans (and, to a limited extent,
from cross-collateralization, as described
below).
Adjustable Rate Certificates: Class A-10
Certificates, which shall receive
distributions as a result of payments of
principal and interest on the Group Two
Loans (and, to a limited extent, from
cross-collateralization, as described
below).
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein. Pg. 2
September 21, 1998 Deutsche Bank Securities[/]
--------------------------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-6
--------------------------------------------------------------------------------
DESCRIPTION OF SECURITIES (Continued)
Form of Offering: Book-Entry form, same-day funds through DTC,
Euroclear, and CEDEL.
Denominations: Minimum denominations of $25,000 and
multiples of $1,000 thereafter.
Servicing/Other Fees: The collateral is subject to certain fees,
including a servicing fee of 0.50% per annum
payable monthly, Certificate Insurer fees,
and trustee fees.
Advancing by Servicer: The Servicer is required to advance from its
own funds any delinquent payment of interest
(not principal) unless such interest is
deemed to be non-recoverable.
Interest Accrual Period: With the exception of the Class A-1 and A-10
Certificates, interest will accrue on the
Certificates at a fixed rate during the
month prior to the month of the related
Payment Date based on a 30/360 day year.
With respect to any Payment Date, the Class
A-1 and A-10 Certificates will be entitled
to interest which has accrued thereon from
the preceding Payment Date (or from the
Settlement Date in the case of the first
Payment Date) to and including the day prior
to the Current Payment Date at the Class A-1
and A-10 Certificate Interest Rate.
Calculations of Interest on the Class A-1
and A-10 Certificates will be made on the
basis of the actual number of days elapsed
in the related accrual period and a year of
360 days.
Class A-1 Maturity: The final Payment Date for the Class A-1
Certificates will be [September 21, 1999,]
at which time the remaining Certificate
Principal Balance, if any, of the Class A-1
certificates will be paid in full. If the
principal remittance amount for such Payment
Date is not sufficient to pay in full the
remaining Certificate Principal Balance, if
any then outstanding, of the Class A-1
Certificates on such date, a draw will be
made on one of the FSA Insurance Policies in
the amount of such shortfall.
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein. Pg. 3
September 21, 1998 Deutsche Bank Securities[/]
--------------------------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-6
--------------------------------------------------------------------------------
DESCRIPTION OF SECURITIES (Continued)
Credit Enhancement: Credit enhancement with respect to the
Certificates will be provided by (a) excess
spread, (b) overcollateralization, (c)
cross-collateralization of Group One and Group
Two, and (d) the Financial Security Assurance,
Inc. ("FSA") Insurance Policies.
Excess Spread: Interest collections on the
Home Equity Loans in excess of those needed to
make distributions of interest on the
Certificates will be available to cover
realized losses.
Overcollateralization: Excess Spread, to the
extent not needed to cover realized losses,
will be used to pay principal on the
Certificates, creating overcollateralization.
The creation of and maintenance of
overcollateralization is subject to certain
floors, caps and triggers, and the required
level of overcollateralization may increase or
decrease over time.
Cross-collateralization: Excess Spread
generated by one Home Equity Loan Group may be
applied to fund shortfalls in available funds,
or to cover an overcollateralization
deficiency in the other Home Equity Loan
Group, subject to certain prior debt service
and credit enhancement requirements of such
Home Equity Loan Group.
FSA Insurance Policies: FSA (the "Certificate
Insurer") will issue two certificate guaranty
insurance policies, one with respect to the
Fixed Rate Certificates and the other with
respect to the Class A-10 Certificates. The
Insurance policies will unconditionally and
irrevocably guarantee the timely payment of
interest and ultimate payment of principal on
the Certificates (i.e. after any realized
losses reduce the overcollateralization to
zero, FSA will cover the excess, if any, of
the Certificate principal balance over the
aggregate collateral balance). The Insured
Payments do not cover realized losses except
to the extent that an overcollateralization
deficit exists. Insured Payments do not cover
the Servicer's failure to make Delinquency
Advances except to the extent that an
overcollateralization deficit would otherwise
result therefrom. The Insurance Policies are
not cancelable for any reason.
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein. Pg. 4
September 21, 1998 Deutsche Bank Securities[/]
--------------------------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-6
--------------------------------------------------------------------------------
DESCRIPTION OF SECURITIES (Continued)
Limited Initial Turbo: 85% of the Excess Spread from each Home Equity
Loan Group will be used to accelerate the
bonds until the overcollateralization target
is reached. To the extent necessary, and
subject to certain performance tests, 100% of
the excess cash flow will be available to
accelerate the Certificates to the
overcollateralization target.
Class A-8 Lockout
Distribution Amount: For any Payment Date, the product of (i) the
applicable Class A-8 Lockout Percentage and
(ii) the product of (a) the Class A-8
principal balance divided by the aggregate
Certificate Principal Balance of the Fixed
Rate Certificates immediately prior to such
Payment Date, and (b) the Principal
Distribution Amount for the Fixed Rate Group
for such Payment Date.
Class A-8 Lockout
Percentage Payments: Dates (Periods) Lockout Percentage
--------------- ------------------
Oct. 1998 - Sept. 2001 (1-36) 0%
Oct. 2001 - Sept. 2003 (37-60) 45%
Oct. 2003 - Sept. 2004 (61-72) 80%
Oct. 2004 - Sept. 2005 (73-84) 100%
Oct. 2005 and thereafter (85- ) 300%
Optional Termination: The first Monthly Remittance Date on which the
aggregate Loan Balance of the Home Equity
Loans has declined to less than 10% of the
aggregate Loan Balance as of the Cut-Off Date
(the "Clean-up Call Date").
Federal Tax Aspects: The Trust will consist of two segregated asset
pools, (the "Upper-Tier REMIC" and the
"Lower-Tier REMIC"). Each class of the Offered
Certificates will be designated as a "regular
interest" in the Upper-Tier REMIC.
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein. Pg. 5
September 21, 1998 Deutsche Bank Securities[/]
--------------------------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-6
--------------------------------------------------------------------------------
DESCRIPTION OF SECURITIES (Continued)
ERISA Considerations: The Certificates may be purchased by employee
benefit plans that are subject to ERISA.
Legal Investment
Considerations: The Class A-1 Certificates will be eligible
for purchase by money market funds under Rule
2a-7.
The Class A-10 Certificates will be SMMEA
eligible. The Class A-1 through Class A-9IO
Certificates will NOT constitute
"mortgage-related securities" for purposes of
SMMEA.
Prospectus: The Certificates are being offered pursuant to
a Prospectus which includes a Prospectus
Supplement (together, the "Prospectus").
Complete information with respect to the
Certificates and the Home Equity Loans is
contained in the Prospectus. The material
presented herein is qualified in its entirety
by the information appearing in the
Prospectus. To the extent that the foregoing
is inconsistent with the Prospectus, the
Prospectus shall govern in all respects. Sales
of the Certificates may not be consummated
unless the purchaser has received the
Prospectus.
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein. Pg. 6
September 21, 1998 Deutsche Bank Securities[/]
--------------------------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-6
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BOND SENSITIVITY TO PREPAYMENTS
------------------------------------------------------------------------------------------------------
Priced to Call % of Prepayment Assumption
------------------------------------------------------------------------------------------------------
CLASS A-1 0% 50% 75% 100% 125% 150%
------------------------------------------------------------------------------------------------------
Yield @ 100.00 (%) 5.644 5.629 5.632 5.639 5.653 5.662
Avg. Life (Years) 2.405 0.448 0.361 0.304 0.265 0.234
Mod. Dur. 2.119 0.430 0.348 0.294 0.256 0.226
First Pay 10/98 10/98 10/98 10/98 10/98 10/98
Last Pay 4/04 7/99 5/99 4/99 3/99 2/99
Window (Years) 5.583 0.833 0.667 0.583 0.500 0.417
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Priced to Call % of Prepayment Assumption
------------------------------------------------------------------------------------------------------
CLASS A-2 0% 50% 75% 100% 125% 150%
------------------------------------------------------------------------------------------------------
Yield @ 100.00 (%) 6.106 5.950 5.876 5.809 5.746 5.689
Avg. Life (Years) 10.981 1.770 1.266 1.003 0.842 0.734
Mod. Dur. 7.682 1.623 1.181 0.945 0.798 0.698
First Pay 4/04 7/99 5/99 4/99 3/99 2/99
Last Pay 6/13 7/01 9/00 4/00 12/99 10/99
Window (Years) 9.250 2.083 1.417 1.083 0.833 0.750
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Priced to Call % of Prepayment Assumption
------------------------------------------------------------------------------------------------------
CLASS A-3 0% 50% 75% 100% 125% 150%
------------------------------------------------------------------------------------------------------
Yield @ 100.00 (%) 5.869 5.809 5.771 5.734 5.696 5.659
Avg. Life (Years) 14.725 3.846 2.626 2.000 1.614 1.353
Mod. Dur. 9.628 3.345 2.366 1.836 1.498 1.266
First Pay 6/13 7/01 9/00 4/00 12/99 10/99
Last Pay 6/13 9/03 2/02 4/01 10/00 5/00
Window (Years) 0.083 2.250 1.500 1.083 0.917 0.667
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Priced to Call % of Prepayment Assumption
------------------------------------------------------------------------------------------------------
CLASS A-4 0% 50% 75% 100% 125% 150%
------------------------------------------------------------------------------------------------------
Yield @ 100.00 (%) 5.912 5.880 5.854 5.827 5.799 5.771
Avg. Life (Years) 16.475 6.032 4.040 3.000 2.385 1.968
Mod. Dur. 10.262 4.935 3.496 2.675 2.165 1.808
First Pay 6/13 9/03 2/02 4/01 10/00 5/00
Last Pay 11/17 1/06 7/03 4/02 7/01 1/01
Window (Years) 4.500 2.417 1.500 1.083 0.833 0.750
------------------------------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein. Pg. 7
September 21, 1998 Deutsche Bank Securities[/]
--------------------------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-6
--------------------------------------------------------------------------------
BOND SENSITIVITY TO PREPAYMENTS (continued)
------------------------------------------------------------------------------------------------------
Priced to Call % of Prepayment Assumption
------------------------------------------------------------------------------------------------------
CLASS A-5 0% 50% 75% 100% 125% 150%
------------------------------------------------------------------------------------------------------
Yield @ 100.00 (%) 6.038 6.017 5.995 5.974 5.951 5.928
Avg. Life (Years) 21.088 8.537 5.443 4.000 3.114 2.548
Mod. Dur. 11.652 6.493 4.514 3.457 2.762 2.298
First Pay 11/17 1/06 7/03 4/02 7/01 1/01
Last Pay 10/21 7/08 11/04 3/03 3/02 7/01
Window (Years) 4.000 2.583 1.417 1.000 0.750 0.583
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Priced to Call % of Prepayment Assumption
------------------------------------------------------------------------------------------------------
CLASS A-6 0% 50% 75% 100% 125% 150%
------------------------------------------------------------------------------------------------------
Yield @ 100.00 (%) 6.152 6.138 6.124 6.106 6.088 6.068
Avg. Life (Years) 25.119 11.712 7.749 5.400 4.146 3.316
Mod. Dur. 12.510 8.121 5.983 4.465 3.557 2.915
First Pay 10/21 7/08 11/04 3/03 3/02 7/01
Last Pay 9/25 9/12 6/08 4/05 9/03 9/02
Window (Years) 4.000 4.250 3.667 2.167 1.583 1.250
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Priced to Call % of Prepayment Assumption
------------------------------------------------------------------------------------------------------
CLASS A-7 0% 50% 75% 100% 125% 150%
------------------------------------------------------------------------------------------------------
Yield @ 100.00 (%) 6.571 6.561 6.551 6.539 6.525 6.511
Avg. Life (Years) 27.691 14.296 10.127 7.450 5.772 4.648
Mod. Dur. 12.478 9.037 7.199 5.728 4.666 3.889
First Pay 9/25 9/12 6/08 4/05 9/03 9/02
Last Pay 7/26 1/13 11/08 4/06 9/04 8/03
Window (Years) 0.917 0.417 0.500 1.083 1.083 1.000
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Priced to Call % of Prepayment Assumption
------------------------------------------------------------------------------------------------------
CLASS A-8 (NAS) 0% 50% 75% 100% 125% 150%
------------------------------------------------------------------------------------------------------
Yield @ 100.00 (%) 5.966 5.951 5.946 5.941 5.933 5.923
Avg. Life (Years) 11.955 7.694 6.851 6.140 5.289 4.558
Mod. Dur. 8.209 5.912 5.412 4.965 4.398 3.878
First Pay 10/01 10/01 10/01 10/01 10/01 10/01
Last Pay 6/13 1/13 11/08 4/06 9/04 8/03
Window (Years) 11.750 11.333 7.167 4.583 3.000 1.917
------------------------------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein. Pg. 8
September 21, 1998 Deutsche Bank Securities[/]
--------------------------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-6
--------------------------------------------------------------------------------
BOND SENSITIVITY TO PREPAYMENTS (continued)
------------------------------------------------------------------------------------------------------
Priced to Call % of Prepayment Assumption
------------------------------------------------------------------------------------------------------
CLASS A-10 0% 50% 75% 100% 125% 150%
------------------------------------------------------------------------------------------------------
Avg. Life (Years) 21.312 5.152 3.415 2.483 1.909 1.516
Mod. Dur. 11.237 3.936 2.809 2.133 1.686 1.365
First Pay 10/98 10/98 10/98 10/98 10/98 10/98
Last Pay 7/26 1/13 11/08 4/06 9/04 8/03
Window (Years) 27.833 14.333 10.167 7.583 6.000 4.917
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Priced to Maturity % of Prepayment Assumption
------------------------------------------------------------------------------------------------------
CLASS A-7 0% 50% 75% 100% 125% 150%
------------------------------------------------------------------------------------------------------
Yield @ 100.00 (%) 6.576 6.603 6.632 6.641 6.624 6.591
Avg. Life (Years) 28.374 16.627 12.905 9.859 7.402 5.593
Mod. Dur. 12.588 9.798 8.416 6.976 5.613 4.490
First Pay 9/25 9/12 6/08 4/05 9/03 9/02
Last Pay 5/28 5/24 6/18 2/14 3/12 10/09
Window (Years) 2.750 11.750 10.083 8.917 8.583 7.167
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Priced to Maturity % of Prepayment Assumption
------------------------------------------------------------------------------------------------------
CLASS A-8 (NAS) 0% 50% 75% 100% 125% 150%
------------------------------------------------------------------------------------------------------
Yield @ 100.00 (%) 5.966 5.951 5.950 5.957 5.986 6.019
Avg. Life (Years) 11.955 7.699 6.918 6.388 5.977 5.657
Mod. Dur. 8.209 5.914 5.446 5.114 4.845 4.628
First Pay 10/01 10/01 10/01 10/01 10/01 10/01
Last Pay 6/13 6/13 6/13 6/13 1/12 8/09
Window (Years) 11.750 11.750 11.750 11.750 10.333 7.917
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Priced to Maturity % of Prepayment Assumption
------------------------------------------------------------------------------------------------------
CLASS A-10 0% 50% 75% 100% 125% 150%
------------------------------------------------------------------------------------------------------
Avg. Life (Years) 21.518 5.477 3.607 2.611 1.996 1.576
Mod. Dur. 11.275 4.052 2.900 2.206 1.741 1.406
First Pay 10/98 10/98 10/98 10/98 10/98 10/98
Last Pay 6/28 1/25 4/18 3/13 11/09 7/07
Window (Years) 29.750 26.333 19.583 14.500 11.167 8.833
------------------------------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein. Pg. 9
September 21, 1998 Deutsche Bank Securities [/]
--------------------------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-6
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
--------------------------------------------------------------------------------
GROUP ONE COLLATERAL -- FIXED RATE HOME EQUITY LOANS
Preliminary characteristics of the Group One Collateral (Fixed Rate)
as of 9/1/98:
Total Number of Loans: 11,673
Total Outstanding Loan Balance: $695,000,074
Balloon (% of Total): 29.92%
Level Pay (% of Total): 70.08%
Average Loan Principal Balance (Current): $59,539
Weighted Average CLTV: 76.51%
% of Pool with CLTVs>90%: 2.56%
Weighted Average Coupon: 10.76%
Weighted Average Remaining Term to Maturity (months): 257
Weighted Average Seasoning (months): 3
Weighted Average Original Term (months): 260
Range of Original Terms: Level Pay Balloon
--------- -------
Up to 60: 0.15% Up to 60: 0.02%
61 - 120: 2.90% 61 - 120: 0.09%
121 - 180: 21.58% 121 - 180: 99.83%
181 - 240: 14.78% 181 - 240: 0.01%
241 - 300: 2.81% 241 - 300: 0.04%
301 - 360: 57.78%
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein. Pg. 10
September 21, 1998 Deutsche Bank Securities [/]
--------------------------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-6
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
State Concentration - Group One # Balance %
--------------------------------------------------------------------------------
Alabama 7 458,308 0.07
Alaska 2 84,198 0.01
Arizona 85 5,040,259 0.73
Arkansas 41 2,029,531 0.29
California 105 8,108,763 1.17
Colorado 98 6,409,792 0.92
Connecticut 181 13,536,767 1.95
Delaware 32 1,884,301 0.27
Florida 1,261 65,943,357 9.49
Georgia 418 22,570,256 3.25
Hawaii 3 555,191 0.08
Idaho 20 881,811 0.13
Illinois 558 36,343,934 5.23
Indiana 535 25,045,983 3.60
Iowa 46 2,610,657 0.38
Kansas 22 1,131,409 0.16
Kentucky 194 10,074,367 1.45
Louisiana 162 7,516,985 1.08
Maine 12 690,674 0.10
Maryland 434 28,982,176 4.17
Massachusetts 230 16,928,713 2.44
Michigan 1,076 62,859,784 9.04
Minnesota 93 6,375,385 0.92
Mississippi 133 6,128,605 0.88
Missouri 105 4,862,878 0.70
Montana 11 585,491 0.08
Nebraska 42 1,741,068 0.25
Nevada 18 1,478,549 0.21
New Hampshire 15 1,006,465 0.14
New Jersey 498 38,841,439 5.59
New Mexico 101 6,619,054 0.95
New York 1,249 89,783,674 12.92
North Carolina 656 38,272,389 5.51
North Dakota 1 58,057 0.01
Ohio 887 48,989,806 7.05
Oklahoma 36 1,506,024 0.22
Oregon 40 2,771,084 0.40
Pennsylvania 595 29,598,041 4.26
Rhode Island 78 5,560,563 0.80
--------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein. Pg. 11
September 21, 1998 Deutsche Bank Securities [/]
--------------------------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-6
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
State Concentration - Group One (continued) # Balance %
--------------------------------------------------------------------------------
South Carolina 393 20,705,265 2.98
South Dakota 1 58,178 0.01
Tennessee 523 31,021,966 4.46
Texas 116 7,199,906 1.04
Utah 58 3,855,415 0.55
Vermont 24 1,410,031 0.20
Virginia 247 13,639,171 1.96
Washington 50 3,571,133 0.51
District of Columbia 1 101,894 0.01
West Virginia 65 2,866,843 0.41
Wisconsin 106 6,313,204 0.91
Wyoming 9 391,279 0.06
--------------------------------------------------------------------------------
Total: 11,673 695,000,074 100.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Original CLTV - Group One # Balance %
--------------------------------------------------------------------------------
5.01 - 10.00 6 166,247 0.02
10.01 - 15.00 21 496,836 0.07
15.01 - 20.00 33 858,490 0.12
20.01 - 25.00 54 1,529,810 0.22
25.01 - 30.00 83 2,727,716 0.39
30.01 - 35.00 82 2,926,378 0.42
35.01 - 40.00 115 4,522,510 0.65
40.01 - 45.00 137 5,753,589 0.83
45.01 - 50.00 265 11,531,714 1.66
50.01 - 55.00 271 12,760,474 1.84
55.01 - 60.00 428 20,755,658 2.99
60.01 - 65.00 691 38,035,746 5.47
65.01 - 70.00 1,097 62,408,230 8.98
70.01 - 75.00 1,654 98,488,190 14.17
75.01 - 80.00 3,380 223,770,336 32.20
80.01 - 85.00 1,562 106,131,041 15.27
85.01 - 90.00 1,160 84,334,338 12.13
90.01 - 95.00 156 4,679,081 0.67
95.01 - 100.00 478 13,123,692 1.89
--------------------------------------------------------------------------------
Total: 11,673 695,000,074 100.00
--------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein. Pg. 12
September 21, 1998 Deutsche Bank Securities [/]
--------------------------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-6
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Current Gross Rate - Group One # Balance %
--------------------------------------------------------------------------------
4.001 - 5.000 1 187,774 0.03
6.001 - 7.000 18 2,153,521 0.31
7.001 - 8.000 80 6,450,156 0.93
8.001 - 9.000 784 60,491,186 8.70
9.001 - 10.000 2,306 164,720,152 23.70
10.001 - 11.000 3,477 219,063,185 31.52
11.001 - 12.000 2,522 136,520,593 19.64
12.001 - 13.000 1,507 68,781,584 9.90
13.001 - 14.000 713 27,309,436 3.93
14.001 - 15.000 205 7,313,801 1.05
15.001 - 16.000 45 1,389,122 0.20
16.001 - 17.000 10 390,810 0.06
17.001 - 18.000 4 81,818 0.01
18.001 - 19.000 1 146,936 0.02
--------------------------------------------------------------------------------
Total: 11,673 695,000,074 100.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Current Balance - Group One # Balance %
--------------------------------------------------------------------------------
0.01 - 25,000.00 1,915 35,119,329 5.05
25,000.01 - 50,000.00 3,994 150,305,266 21.63
50,000.01 - 75,000.00 2,788 170,969,127 24.60
75,000.01 - 100,000.00 1,375 118,669,923 17.07
100,000.01 - 125,000.00 763 85,505,401 12.30
125,000.01 - 150,000.00 384 52,271,606 7.52
150,000.01 - 175,000.00 232 37,474,647 5.39
175,000.01 - 200,000.00 138 25,759,102 3.71
200,000.01 - 225,000.00 65 13,895,090 2.00
225,000.01 - 250,000.00 7 1,614,272 0.23
250,000.01 - 275,000.00 7 1,852,731 0.27
275,000.01 - 300,000.00 2 569,536 0.08
300,000.01 - 325,000.00 1 319,715 0.05
325,000.01 - 350,000.00 2 674,329 0.10
--------------------------------------------------------------------------------
Total: 11,673 695,000,074 100.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Remaining Term - Group One # Balance %
--------------------------------------------------------------------------------
=< 120 541 15,109,501 2.17
121 - 180 5,900 312,702,556 44.99
181 - 240 1,335 71,988,308 10.36
241 - 300 196 13,777,058 1.98
301 - 360 3,701 281,422,651 40.49
--------------------------------------------------------------------------------
Total: 11,673 695,000,074 100.00
--------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein. Pg. 13
September 21, 1998 Deutsche Bank Securities [/]
--------------------------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-6
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Property Type - Group One # Balance %
--------------------------------------------------------------------------------
Single Family - Detached 10,258 604,230,188 86.94
Two to Four Family 698 53,239,108 7.66
Single Family - Attached 289 14,619,802 2.10
Condominium 170 8,582,432 1.23
Manufactured Housing 166 8,300,248 1.19
Townhouse 61 3,340,346 0.48
Multi Family Residential 17 1,406,517 0.20
PUD - Detached 9 805,539 0.12
Mixed Use 5 475,895 0.07
--------------------------------------------------------------------------------
Total: 11,673 695,000,074 100.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Age - Group One # Balance %
--------------------------------------------------------------------------------
=< 1 1,467 88,517,131 12.74
2 3,183 187,461,033 26.97
3 3,306 195,233,973 28.09
4 1,911 113,475,918 16.33
5 909 54,476,926 7.84
6 328 21,111,382 3.04
7 218 14,652,746 2.11
8 122 7,443,943 1.07
9 94 5,391,403 0.78
10 47 2,334,809 0.34
11 28 2,058,706 0.30
12 20 847,431 0.12
13 - 24 35 1,817,106 0.26
25 >= 5 177,567 0.03
--------------------------------------------------------------------------------
Total: 11,673 695,000,074 100.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Occupancy - Group One # Balance %
--------------------------------------------------------------------------------
Primary 10,864 653,164,550 93.98
Investor 795 41,026,764 5.90
Secondary 14 808,760 0.12
--------------------------------------------------------------------------------
Total: 11,673 695,000,074 100.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Lien Position - Group One # Balance %
--------------------------------------------------------------------------------
First 9,470 631,336,391 90.84
Second 2,203 63,663,683 9.16
--------------------------------------------------------------------------------
Total: 11,673 695,000,074 100.00
--------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein. Pg. 14
September 21, 1998 Deutsche Bank Securities [/]
--------------------------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-6
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
--------------------------------------------------------------------------------
GROUP TWO COLLATERAL - ADJUSTABLE RATE HOME EQUITY LOANS
Preliminary characteristics of Group Two Collateral (Adjustable Rate)
as of 9/1/98:
Total Number of Loans: 1,257
Total Outstanding Loan Balance: $125,000,183
Average Loan Principal Balance (Current): $99,443
Weighted Average CLTV: 78.27%
Maximum Balance: $486,092
Minimum Balance: $12,310
% of Pool with CLTVs>90%: 0.15%
Weighted Average Coupon: 10.08%
Weighted Average Remaining Term to Maturity (months): 357
Weighted Average Seasoning (months): 3
Weighted Average Original Term (months): 360
Weighted Average Initial Periodic Rate Cap: 2.32%
Weighted Average Subsequent Periodic rate Cap: 1.13%
Weighted Average Life Cap: 16.60%
Weighted Average Month to Roll: 21
Weighted Average Gross Margin 6.97%
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein. Pg. 15
September 21, 1998 Deutsche Bank Securities [/]
--------------------------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-6
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
--------------------------------------------------------------------------------
-------------------------------------------------------------------------------
State Concentration - Group Two # Balance %
-------------------------------------------------------------------------------
Arizona 18 2,018,853 1.62
Arkansas 4 399,999 0.32
California 56 9,043,052 7.23
Colorado 31 3,724,469 2.98
Connecticut 31 3,942,018 3.15
Delaware 2 175,286 0.14
Florida 77 7,011,963 5.61
Georgia 34 3,139,074 2.51
Hawaii 1 45,249 0.04
Idaho 24 2,077,108 1.66
Illinois 119 12,930,786 10.34
Indiana 54 2,990,660 2.39
Iowa 2 107,836 0.09
Kansas 2 109,357 0.09
Kentucky 15 1,100,067 0.88
Louisiana 9 1,302,832 1.04
Maine 1 57,325 0.05
Maryland 34 4,792,181 3.83
Massachusetts 32 3,675,283 2.94
Michigan 89 7,096,754 5.68
Minnesota 17 1,676,396 1.34
Mississippi 3 158,561 0.13
Missouri 17 958,161 0.77
Montana 4 301,660 0.24
Nebraska 1 86,320 0.07
Nevada 11 1,330,167 1.06
New Hampshire 1 74,598 0.06
New Jersey 60 8,481,730 6.79
New Mexico 14 1,704,760 1.36
New York 84 8,464,527 6.77
North Carolina 33 3,194,242 2.56
Ohio 130 8,960,535 7.17
Oklahoma 7 375,340 0.30
Oregon 18 2,170,635 1.74
Pennsylvania 37 3,792,928 3.03
-------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein. Pg. 16
September 21, 1998 Deutsche Bank Securities [/]
--------------------------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-6
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
--------------------------------------------------------------------------------
-------------------------------------------------------------------------------
State Concentration - Group Two (continued) # Balance %
-------------------------------------------------------------------------------
Rhode Island 5 546,461 0.44
South Carolina 16 1,142,897 0.91
South Dakota 1 44,611 0.04
Tennessee 19 1,862,676 1.49
Texas 26 2,049,700 1.64
Utah 42 4,456,120 3.56
Vermont 1 51,329 0.04
Virginia 23 2,828,447 2.26
Washington 20 2,200,324 1.76
West Virginia 13 1,065,520 0.85
Wisconsin 17 1,075,722 0.86
Wyoming 2 205,664 0.16
-------------------------------------------------------------------------------
Total: 1,257 125,000,183 100.00
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Original CLTV - Group Two # Balance %
-------------------------------------------------------------------------------
20.01 - 25.00 1 149,788 0.12
25.01 - 30.00 3 141,830 0.11
30.01 - 35.00 2 86,943 0.07
35.01 - 40.00 12 1,054,795 0.84
40.01 - 45.00 8 422,644 0.34
45.01 - 50.00 17 893,601 0.71
50.01 - 55.00 23 1,766,214 1.41
55.01 - 60.00 40 2,971,714 2.38
60.01 - 65.00 71 6,471,468 5.18
65.01 - 70.00 130 9,711,238 7.77
70.01 - 75.00 168 14,755,400 11.80
75.01 - 80.00 371 39,891,635 31.91
80.01 - 85.00 256 29,037,044 23.23
85.01 - 90.00 152 17,462,248 13.97
90.01 - 95.00 2 133,635 0.11
95.01 - 100.00 1 49,986 0.04
-------------------------------------------------------------------------------
Total: 1,257 125,000,183 100.00
-------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein. Pg. 17
September 21, 1998 Deutsche Bank Securities [/]
--------------------------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-6
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
--------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Current Gross Rate - Group Two # Balance %
-------------------------------------------------------------------------------
7.001 - 8.000 19 2,795,795 2.24
8.001 - 9.000 171 22,457,388 17.97
9.001 - 10.000 402 44,447,936 35.56
10.001 - 11.000 396 35,078,762 28.06
11.001 - 12.000 180 14,455,306 11.56
12.001 - 13.000 63 4,577,878 3.66
13.001 - 14.000 15 797,944 0.64
14.001 - 15.000 9 322,212 0.26
15.001 - 16.000 2 66,963 0.05
-------------------------------------------------------------------------------
Total: 1,257 125,000,183 100.00
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Current Balance - Group Two # Balance %
-------------------------------------------------------------------------------
0.01 - 25,000.00 31 643,124 0.51
25,000.01 - 50,000.00 226 8,799,760 7.04
50,000.01 - 75,000.00 298 18,574,827 14.86
75,000.01 - 100,000.00 219 19,219,282 15.38
100,000.01 - 125,000.00 165 18,442,928 14.75
125,000.01 - 150,000.00 122 16,777,569 13.42
150,000.01 - 175,000.00 61 9,796,274 7.84
175,000.01 - 200,000.00 46 8,622,136 6.90
200,000.01 - 225,000.00 20 4,267,349 3.41
225,000.01 - 250,000.00 16 3,796,794 3.04
250,000.01 - 275,000.00 19 4,951,669 3.96
275,000.01 - 300,000.00 10 2,876,533 2.30
300,000.01 - 325,000.00 11 3,418,346 2.73
325,000.01 - 350,000.00 6 2,040,667 1.63
350,000.01 - 375,000.00 2 726,041 0.58
375,000.01 - 400,000.00 4 1,560,792 1.25
475,000.01 - 500,000.00 1 486,092 0.39
-------------------------------------------------------------------------------
Total: 1,257 125,000,183 100.00
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Property Type - Group Two # Balance %
-------------------------------------------------------------------------------
Single Family - Detached 1,108 111,491,963 89.19
Two to Four Family 77 7,874,392 6.30
Condominium 30 2,209,496 1.77
Manufactured Housing 13 1,068,068 0.85
Single Family - Attached 13 995,033 0.80
Townhouse 11 989,113 0.79
Multi Family Residential 5 372,117 0.30
-------------------------------------------------------------------------------
Total: 1,257 125,000,183 100.00
-------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein. Pg. 18
September 21, 1998 Deutsche Bank Securities [/]
--------------------------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-6
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
--------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Maximum Coupon Rates - Group Two # Balance %
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
13.001 - 14.000 2 494,873 0.40
14.001 - 15.000 80 11,649,331 9.32
15.001 - 16.000 283 34,189,209 27.35
16.001 - 17.000 409 40,403,520 32.32
17.001 - 18.000 307 25,613,842 20.49
18.001 - 19.000 119 9,249,535 7.40
19.001 - 20.000 43 2,871,166 2.30
20.001 - 21.000 9 367,234 0.29
21.001 - 22.000 4 129,981 0.10
22.001 - 23.000 1 31,492 0.03
-------------------------------------------------------------------------------
Total: 1,257 125,000,183 100.00
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Minimum Coupon Rates - Group Two # Balance %
-------------------------------------------------------------------------------
2.001 - 3.000 4 538,195 0.43
3.001 - 4.000 1 166,126 0.13
4.001 - 5.000 10 1,205,499 0.96
5.001 - 6.000 45 5,833,962 4.67
6.001 - 7.000 63 7,693,699 6.15
7.001 - 8.000 97 10,603,824 8.48
8.001 - 9.000 189 21,955,449 17.56
9.001 - 10.000 316 33,440,991 26.75
10.001 - 11.000 316 27,802,678 22.24
11.001 - 12.000 142 11,002,097 8.80
12.001 - 13.000 54 3,834,549 3.07
13.001 - 14.000 10 568,893 0.46
14.001 - 15.000 8 287,258 0.23
15.001 - 16.000 2 66,963 0.05
-------------------------------------------------------------------------------
Total: 1,257 125,000,183 100.00
-------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein. Pg. 19
September 21, 1998 Deutsche Bank Securities [/]
--------------------------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-6
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Next Coupon Rate Change - Group Two # Balance %
(6 Month LIBOR)
--------------------------------------------------------------------------------
September 1998 8 667,154 0.54
October 1998 6 622,520 0.50
November 1998 22 3,420,378 2.77
December 1998 26 2,731,633 2.21
January 1999 33 4,483,113 3.63
February 1999 43 4,448,881 3.60
March 1999 5 804,689 0.65
May 1999 5 689,271 0.56
July 1999 5 421,671 0.34
August 1999 2 193,758 0.16
September 1999 5 467,914 0.38
October 1999 2 67,752 0.05
November 1999 6 678,289 0.55
December 1999 25 2,430,744 1.97
January 2000 11 713,405 0.58
February 2000 18 2,094,924 1.70
March 2000 20 1,511,243 1.22
April 2000 31 2,584,140 2.09
May 2000 90 7,865,655 6.37
June 2000 218 19,055,189 15.43
July 2000 288 28,516,707 23.09
August 2000 135 12,918,132 10.46
September 2000 16 2,253,979 1.82
December 2000 1 51,206 0.04
January 2001 1 141,635 0.11
February 2001 8 885,057 0.72
March 2001 12 1,159,189 0.94
April 2001 29 3,156,231 2.56
May 2001 35 4,152,507 3.36
June 2001 63 7,342,986 5.94
July 2001 52 4,536,839 3.67
August 2001 25 2,308,279 1.87
September 2001 1 66,600 0.05
May 2003 1 81,719 0.07
--------------------------------------------------------------------------------
Total: 1,248 123,523,386 100.00
--------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein. Pg. 20
September 21, 1998 Deutsche Bank Securities [/]
--------------------------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-6
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Next Coupon Rate Change - Group Two # Balance %
(CMT)
--------------------------------------------------------------------------------
December 1998 1 103,376 7.00
March 1999 1 143,589 9.72
April 1999 1 486,092 32.92
May 1999 2 285,962 19.36
June 1999 3 349,845 23.69
August 1999 1 107,935 7.31
--------------------------------------------------------------------------------
Total: 9 1,476,797 100.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Margin - Group Two # Balance %
(6 Month LIBOR)
--------------------------------------------------------------------------------
2.001 - 3.000 4 538,195 0.44
3.001 - 4.000 3 320,002 0.26
4.001 - 5.000 56 7,311,239 5.92
5.001 - 6.000 267 30,687,985 24.84
6.001 - 7.000 350 35,033,988 28.36
7.001 - 8.000 300 26,655,801 21.58
8.001 - 9.000 122 10,195,913 8.25
9.001 - 10.000 62 4,891,077 3.96
10.001 - 11.000 50 5,309,397 4.30
11.001 - 12.000 30 2,176,259 1.76
12.001 - 13.000 3 273,565 0.22
13.001 - 14.000 1 129,963 0.11
--------------------------------------------------------------------------------
Total: 1,248 123,523,386 100.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Margin - Group Two # Balance %
(CMT)
--------------------------------------------------------------------------------
5.001 - 6.000 2 250,090 16.93
6.001 - 7.000 5 862,774 58.42
7.001 - 8.000 2 363,933 24.64
--------------------------------------------------------------------------------
Total: 9 1,476,797 100.00
--------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein. Pg. 21
September 21, 1998 Deutsche Bank Securities [/]
--------------------------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-6
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION
OF THE COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Remaining Term - Group Two # Balance %
--------------------------------------------------------------------------------
241 - 360 1,257 125,000,183 100.00
--------------------------------------------------------------------------------
Total: 1,257 125,000,183 100.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Age - Group Two # Balance %
--------------------------------------------------------------------------------
=< 1 213 21,270,496 17.02
2 371 37,194,045 29.76
3 299 28,617,686 22.89
4 150 15,928,182 12.74
5 65 6,601,617 5.28
6 41 3,742,000 2.99
7 36 3,890,234 3.11
8 14 947,320 0.76
9 35 3,301,784 2.64
10 8 819,814 0.66
11 3 122,630 0.10
12 7 754,977 0.60
13 - 24 15 1,809,397 1.45
--------------------------------------------------------------------------------
Total: 1,257 125,000,183 100.00
--------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein. Pg. 22
