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EXHIBIT 99.1
The pool (the "Mortgage Pool") delivered to the trust (the "Mortgage
Loans") consists of conventional, one-to four- family, adjustable-rate and
fixed-rate mortgage loans. The Depositor purchased the Mortgage Loans from the
Seller pursuant to the Mortgage Loan Purchase Agreement, dated May 3, 2004 (the
" Mortgage Loan Purchase Agreement"), between the Seller and the Depositor.
Pursuant to the Pooling and Servicing Agreement, dated as of the Cut-off Date
(the "Pooling and Servicing Agreement"), among the Depositor, the Master
Servicer and the Trustee, the Depositor caused the Mortgage Loans to be assigned
to the Trustee for the benefit of the certificateholders.
The Mortgage Loans are secured by mortgages or deeds of trust or other
similar security instruments creating first liens on residential properties (the
"Mortgaged Properties") consisting of attached, detached or semi-detached one-to
four-family dwelling units, individual condominium units or individual units in
planned unit developments and manufactured housing. The Mortgage Loans have
original terms to maturity of not greater than 30 years from the date on which
the first payment was due on each Mortgage Loan.
Each adjustable-rate Mortgage Loan will accrue interest at the
adjustable-rate calculated as specified under the terms of the related mortgage
note and each fixed-rate Mortgage Loan will have a Mortgage Rate that is fixed
for the life of such Mortgage (each such rate, a "Mortgage Rate").
Approximately 93.50% of the Mortgage Loans were originated or acquired by
Ameriquest and approximately 6.50% of the Mortgage Loans were originated by the
Seller's affiliate Town & Country Credit Corporation ("Town & Country" and
together with Ameriquest, the "Originators"), in each case, by aggregate
scheduled principal balance of the Mortgage Loans as of the Cut-off Date.
Each adjustable-rate Mortgage Loan will accrue interest at a Mortgage Rate
that is adjustable. The adjustable-rate Mortgage Loans will provide for
semi-annual adjustment to the Mortgage Rate thereon and for corresponding
adjustments to the monthly payment amount due thereon, in each case on each
adjustment date applicable thereto (each such date, an "Adjustment Date"). The
first adjustment will occur after an initial period of two years after
origination. On each Adjustment Date for each adjustable-rate Mortgage Loan, the
Mortgage Rate thereon will be adjusted (subject to rounding) to equal the sum of
the applicable Index and a fixed percentage amount (the "Gross Margin"). The
Mortgage Rate on each adjustable-rate Mortgage Loan will not decrease on the
first related Adjustment Date, will not increase by more than 2.000% per annum
on the first related Adjustment Date (the "Initial Periodic Rate Cap") and will
not increase or decrease by more than 1.000% per annum on any Adjustment Date
thereafter (the "Periodic Rate Cap"). Each Mortgage Rate on each adjustable-rate
Mortgage Loan will not exceed a specified maximum Mortgage Rate over the life of
such Mortgage Loan (the "Maximum Mortgage Rate") or be less than a specified
minimum Mortgage Rate over the life of such Mortgage Loan (the "Minimum Mortgage
Rate"). Effective with the first monthly payment due on each adjustable-rate
Mortgage Loan after each related Adjustment Date, the monthly payment amount
will be adjusted to an amount that will amortize fully the outstanding principal
balance of the related Mortgage Loan over its remaining term, and pay interest
at the Mortgage Rate as so adjusted. Due to the application of the Periodic Rate
Caps and the Maximum Mortgage Rates, the Mortgage Rate on each such
adjustable-rate Mortgage Loan, as adjusted on any related Adjustment Date, may
be less than the sum of the Index and the related Gross Margin, rounded as
described herein. None of the adjustable-rate Mortgage Loans permits the related
mortgagor to convert the adjustable Mortgage Rate thereon to a fixed Mortgage
Rate.
The Mortgage Loans have scheduled monthly payments due on the first day of
the month (with respect to each Mortgage Loan, a "Due Date"). Each Mortgage Loan
contains a customary "due-on-sale" clause which provides that (subject to state
and federal restrictions) the Mortgage Loan must be repaid at the time of sale
of the related Mortgaged Property or with the consent of the holder of the
mortgage note assumed by a creditworthy purchaser of the related Mortgaged
Property.
None of the Mortgage Loans are Buydown Mortgage Loans.
For purposes of calculating interest and principal distributions on the
Class A Certificates, the Mortgage Loans will be divided into two loan groups,
designated as the "Group I Mortgage Loans" and the "Group II Mortgage Loans."
The Group I Mortgage Loans will consist of adjustable-rate and fixed-rate
mortgage loans with principal balances at origination that conform to ▇▇▇▇▇▇▇
Mac and ▇▇▇▇▇▇ Mae loan limits and the Group II Mortgage Loans will consist of
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adjustable-rate and fixed-rate mortgage loans with principal balances at
origination that may or may not conform to ▇▇▇▇▇▇▇ Mac or ▇▇▇▇▇▇ Mae loan
limits.
Approximately 74.00% of the Group I Mortgage Loans and approximately
73.37% of the Group II Mortgage Loans, in each case by aggregate scheduled
principal balances of the related Loan Group as of the Cut-off Date, provide for
payment by the mortgagor of a prepayment charge on certain principal
prepayments, subject to certain limitations in the related mortgage note and
limitations upon collection in the Pooling and Servicing Agreement. Generally,
each such Mortgage Loan will provide for payment of a prepayment charge on
certain prepayments made within a defined period set forth in the related
Mortgage Note (generally within the first three years but possibly as short as
one year from the date of origination of such Mortgage Loan). The amount of the
prepayment charge is as provided in the related Mortgage Note. The holders of
the Class P Certificates will be entitled to all prepayment charges received on
the Mortgage Loans in each loan group, and such amounts will not be available
for distribution on the other classes of Certificates. Under certain instances,
as described under the terms of the Pooling and Servicing Agreement, the Master
Servicer may waive the payment of any otherwise applicable prepayment charge.
Investors should conduct their own analysis of the effect, if any, that the
prepayment charges, and decisions by the Master Servicer with respect to the
waiver thereof, may have on the prepayment performance of the Mortgage Loans.
The Depositor makes no representation as to the effect that the prepayment
charges, and decisions by the Master Servicer with respect to the waiver
thereof, may have on the prepayment performance of the Mortgage Loans.
-8-
Group I Mortgage Loan Statistics
The Group I Mortgage Loans consist of 6,102 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $854,126,767.11, after application of scheduled
payments due on or before the Cut-off Date whether or not received and
application of all unscheduled payments of principal received prior to the
Closing Date. None of the Group I Mortgage Loans had a first Due Date prior to
October 2003 or after July 2004, or will have a remaining term to stated
maturity of less than 117 months or greater than 360 months as of the Cut-off
Date. The latest maturity date of any Group I Mortgage Loan is June 2034.
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Collateral Type
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
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2-yr Fixed / Adjustable-Rate 4,696 $683,303,132.90 80.00% 356 39.46 7.985 582 78.85
Fixed Rate .................. 1,406 170,823,634.21 20.00 333 38.31 7.661 655 76.34
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Total ....................... 6,102 $854,126,767.11 100.00% 351 39.23 7.920 596 78.35
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Principal Balances at Origination
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PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO GROSS
PRINCIPAL BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY DEBT-TO- COUPON OLTV
AT ORIGINATION ($) LOANS ORIGINATION ORIGINATION (months)* INCOME (%)* (%)* FICO* (%)*
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50,000.01 - 100,000.00 ..... 2,332 $179,396,304.00 20.98% 341 38.00 8.692 587 75.01
100,000.01 - 150,000.00 ..... 1,603 199,260,747.00 23.30 350 39.07 7.985 593 78.70
150,000.01 - 200,000.00 ..... 1,003 174,315,363.00 20.38 353 39.62 7.757 594 78.54
200,000.01 - 250,000.00 ..... 571 127,928,131.00 14.96 355 39.28 7.665 600 79.00
250,000.01 - 300,000.00 ..... 388 106,029,958.00 12.40 357 39.55 7.439 602 79.67
300,000.01 - 350,000.00 ..... 175 55,838,458.00 6.53 358 41.53 7.404 613 82.86
350,000.01 - 400,000.00 ..... 17 6,545,000.00 0.77 358 41.19 7.237 655 80.52
400,000.01 - 450,000.00 ..... 8 3,307,000.00 0.39 359 40.88 7.088 674 78.30
450,000.01 - 500,000.00 ..... 3 1,436,000.00 0.17 359 33.00 6.579 664 75.39
500,000.01 - 550,000.00 ..... 1 535,500.00 0.06 359 33.00 6.700 731 85.00
550,000.01 - 600,000.00 ..... 1 582,200.00 0.07 359 50.00 6.250 681 86.25
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Total ....................... 6,102 $855,174,661.00 100.00% 351 39.23 7.920 596 78.35
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* Based on the original balances of the Mortgage Loans.
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Principal Balance as of the Cut-Off Date
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PRINCIPAL % OF PRINCIPAL REMAINING
RANGE OF PRINCIPAL NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
BALANCES AS OF THE CUT- MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
OFF DATE ($) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
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50,000.01 - 100,000.00 .... 2,332 $179,148,285.75 20.97% 341 38.00 8.693 587 75.01
100,000.01 - 150,000.00 .... 1,603 199,019,363.12 23.30 350 39.07 7.985 593 78.70
150,000.01 - 200,000.00 .... 1,004 174,308,075.04 20.41 353 39.63 7.760 594 78.54
200,000.01 - 250,000.00 .... 573 128,320,789.22 15.02 355 39.30 7.657 600 79.03
250,000.01 - 300,000.00 .... 385 105,157,181.75 12.31 357 39.51 7.444 602 79.65
300,000.01 - 350,000.00 .... 175 55,783,978.08 6.53 358 41.53 7.404 613 82.86
350,000.01 - 400,000.00 .... 17 6,534,517.72 0.77 358 41.19 7.237 655 80.52
400,000.01 - 450,000.00 .... 8 3,303,178.02 0.39 359 40.88 7.088 674 78.30
450,000.01 - 500,000.00 .... 3 1,434,716.43 0.17 359 33.00 6.579 664 75.39
500,000.01 - 550,000.00 .... 1 535,034.40 0.06 359 33.00 6.700 731 85.00
550,000.01 - 600,000.00 .... 1 581,647.58 0.07 359 50.00 6.250 681 86.25
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Total ....................... 6,102 $854,126,767.11 100.00% 351 39.23 7.920 596 78.35
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Stated Remaining Term to Maturity
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF MONTHS MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
REMAINING LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
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61 - 120 ................... 18 $ 1,700,175.74 0.20% 119 37.89 7.521 667 67.11
121 - 180 ................... 192 18,304,388.63 2.14 178 36.35 7.717 630 72.26
181 - 240 ................... 195 20,275,804.32 2.37 238 36.70 7.757 625 75.70
241 - 300 ................... 27 3,191,593.31 0.37 299 36.16 7.185 680 82.02
301 - 360 ................... 5,670 810,654,805.11 94.91 359 39.37 7.933 594 78.56
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Total ....................... 6,102 $854,126,767.11 100.00% 351 39.23 7.920 596 78.35
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Mortgage Rate
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF CURRENT MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
MORTGAGE RATES(%) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
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5.000- 5.499 ............. 8 $ 1,402,367.97 0.16% 334 37.87 5.382 707 70.29
5.500- 5.999 ............. 261 51,546,671.84 6.04 346 37.11 5.846 677 75.64
6.000- 6.499 ............. 313 57,304,038.15 6.71 348 38.24 6.262 649 78.81
6.500- 6.999 ............. 921 151,415,713.60 17.73 351 37.82 6.785 627 79.27
7.000- 7.499 ............. 496 79,793,650.55 9.34 354 39.69 7.250 598 78.36
7.500- 7.999 ............. 1,218 171,361,736.87 20.06 351 39.31 7.776 589 78.14
8.000- 8.499 ............. 460 61,627,345.16 7.22 352 39.24 8.261 574 78.62
8.500- 8.999 ............. 980 122,016,742.70 14.29 352 40.18 8.766 570 78.92
9.000- 9.499 ............. 312 36,078,608.60 4.22 350 39.92 9.259 565 77.19
9.500- 9.999 ............. 587 66,219,685.22 7.75 353 40.89 9.753 557 78.11
10.000- 10.499 ............. 190 19,875,454.89 2.33 351 40.12 10.244 555 78.01
10.500- 10.999 ............. 201 20,458,351.92 2.40 351 41.43 10.731 549 78.39
11.000- 11.499 ............. 59 5,574,112.20 0.65 342 41.09 11.227 560 78.43
11.500- 11.999 ............. 62 5,301,117.18 0.62 353 39.43 11.778 545 77.47
12.000- 12.499 ............. 21 2,293,133.41 0.27 358 38.57 12.278 546 78.57
12.500- 12.999 ............. 13 1,858,036.85 0.22 357 41.32 12.756 538 77.43
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Total ....................... 6,102 $854,126,767.11 100.00% 351 39.23 7.920 596 78.35
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Original Loan-to-Value Ratios
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PRINCIPAL % OF PRINCIPAL REMAINING
RANGE OF ORIGINAL NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
LOAN-TO-VALUE RATIOS MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
(%) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
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25.00 or less ............... 26 $ 2,132,918.99 0.25% 337 34.38 7.623 626 20.78
25.01 - 30.00 ............... 23 2,235,663.93 0.26 338 36.52 7.577 603 28.27
30.01 - 35.00 ............... 26 2,624,198.90 0.31 330 38.85 7.174 619 33.04
35.01 - 40.00 ............... 46 5,076,249.70 0.59 334 38.21 7.502 609 37.46
40.01 - 45.00 ............... 61 6,452,422.65 0.76 335 37.51 7.558 613 42.77
45.01 - 50.00 ............... 63 7,342,202.02 0.86 341 36.20 7.673 597 47.93
50.01 - 55.00 ............... 105 13,681,414.46 1.60 349 35.82 7.641 601 52.95
55.01 - 60.00 ............... 251 32,191,863.46 3.77 348 38.29 8.047 576 58.14
60.01 - 65.00 ............... 283 34,581,795.39 4.05 349 37.83 7.860 585 63.19
65.01 - 70.00 ............... 434 59,074,551.17 6.92 348 38.21 7.714 593 68.19
70.01 - 75.00 ............... 1,038 136,777,270.33 16.01 352 39.39 8.308 565 73.83
75.01 - 80.00 ............... 947 127,356,390.61 14.91 349 38.80 7.798 595 78.77
80.01 - 85.00 ............... 1,235 183,296,364.39 21.46 355 40.05 8.266 587 83.98
85.01 - 90.00 ............... 1,475 227,233,513.89 26.60 353 39.77 7.623 622 89.14
90.01 - 95.00 ............... 89 14,069,947.22 1.65 349 39.01 7.228 682 93.65
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Total ....................... 6,102 $854,126,767.11 100.00% 351 39.23 7.920 596 78.35
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FICO Score at Origination
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RANGE OF FICO SCORES LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
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500-519 ..................... 341 $ 42,937,828.96 5.03% 355 39.93 8.857 510 69.27
520-539 ..................... 1,024 130,811,168.96 15.32 355 41.10 8.904 530 74.87
540-559 ..................... 832 112,192,513.95 13.14 354 39.59 8.514 549 76.84
560-579 ..................... 738 103,645,877.67 12.13 354 39.14 8.186 569 80.03
580-599 ..................... 633 87,695,361.26 10.27 353 38.60 7.942 589 79.82
600-619 ..................... 697 101,890,596.67 11.93 352 39.91 7.636 609 80.88
620-639 ..................... 546 80,749,309.00 9.45 350 38.51 7.432 630 81.54
640-659 ..................... 438 61,558,908.36 7.21 346 38.23 7.208 649 78.97
660-679 ..................... 313 47,735,143.93 5.59 344 37.52 6.918 669 79.62
680-699 ..................... 184 28,784,756.92 3.37 343 39.11 6.828 689 81.67
700-719 ..................... 135 21,756,035.19 2.55 337 37.12 6.735 708 80.07
720-739 ..................... 96 15,733,596.83 1.84 336 37.48 6.522 728 79.24
740-759 ..................... 61 9,214,839.30 1.08 340 35.02 6.732 750 77.36
760-779 ..................... 40 5,796,130.64 0.68 345 39.25 6.403 770 75.61
780-799 ..................... 22 3,220,082.96 0.38 351 39.51 6.293 785 71.67
800-819 ..................... 2 404,616.51 0.05 358 20.03 5.580 803 60.09
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Total ....................... 6,102 $854,126,767.11 100.00% 351 39.23 7.920 596 78.35
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Debt-to-Income Ratio
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF DEBT-TO MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
-INCOME RATIOS (%) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
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20.00 or less ............... 389 $ 51,261,528.84 6.00% 345 15.05 7.798 604 75.99
20.01 - 25.00 ............... 381 46,955,759.90 5.50 352 23.16 7.781 597 77.17
25.01 - 30.00 ............... 558 73,385,751.27 8.59 349 28.07 7.922 595 76.77
30.01 - 35.00 ............... 733 100,287,141.68 11.74 350 33.08 7.729 603 77.51
35.01 - 40.00 ............... 928 130,622,773.02 15.29 351 38.11 7.818 600 78.16
40.01 - 45.00 ............... 1,094 158,267,307.70 18.53 351 43.16 7.899 599 78.92
45.01 - 50.00 ............... 1,526 224,311,465.87 26.26 353 48.13 7.860 602 80.68
50.01 - 55.00 ............... 493 69,035,038.83 8.08 355 53.08 8.818 549 75.26
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Total ....................... 6,102 $854,126,767.11 100.00% 351 39.23 7.920 596 78.35
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-11-
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Geographic Distribution
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
STATE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
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Alabama ..................... 138 $ 13,367,715.38 1.57% 341 37.35 8.762 601 81.34
California .................. 754 151,868,753.69 17.78 356 39.04 7.194 604 75.36
Colorado .................... 113 18,202,155.29 2.13 355 39.89 7.677 605 79.63
Connecticut ................. 117 18,499,755.67 2.17 354 39.41 7.832 593 77.34
Florida ..................... 832 99,063,512.08 11.60 352 39.17 8.082 585 79.70
Georgia ..................... 194 22,917,589.14 2.68 349 39.03 9.303 585 82.09
Illinois .................... 255 36,093,404.27 4.23 353 39.32 8.380 587 79.16
Indiana ..................... 121 12,374,027.43 1.45 344 36.54 8.210 595 83.93
Maryland .................... 170 26,962,105.44 3.16 350 40.13 7.819 589 80.18
Massachusetts ............... 289 56,744,237.00 6.64 354 40.12 7.431 597 74.45
Michigan .................... 329 38,101,901.28 4.46 357 39.64 8.064 583 80.56
Minnesota ................... 189 29,718,046.51 3.48 353 38.25 7.966 593 79.41
New York .................... 312 61,957,875.05 7.25 347 39.73 8.016 615 73.58
Ohio ........................ 248 27,477,176.61 3.22 353 38.04 7.796 593 82.88
Pennsylvania ................ 210 23,584,828.13 2.76 339 40.40 7.856 606 79.34
Rhode Island ................ 127 21,285,555.30 2.49 355 38.55 7.493 590 74.31
Tennessee ................... 132 13,676,730.14 1.60 341 38.72 8.225 599 82.32
Texas ....................... 381 35,194,822.42 4.12 341 40.35 8.861 579 75.77
Washington .................. 122 21,062,855.46 2.47 356 40.92 7.756 612 82.29
Wisconsin ................... 150 17,061,726.69 2.00 346 38.58 8.617 610 82.00
Other ....................... 919 108,911,994.13 12.75 349 38.73 8.133 596 80.83
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Total ....................... 6,102 $854,126,767.11 100.00% 351 39.23 7.920 596 78.35
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Occupancy Status
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
OCCUPATION STATUS* LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
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Owner Occupied .............. 5,804 $812,926,169.74 95.18% 351 39.48 7.928 594 78.39
Non-Owner Occupied .......... 236 32,899,040.38 3.85 352 33.57 7.748 642 77.12
Second Home ................. 62 8,301,556.99 0.97 350 36.77 7.860 627 79.46
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Total ....................... 6,102 $854,126,767.11 100.00% 351 39.23 7.920 596 78.35
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* Based on mortgagor representation at origination.
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Documentation Type
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
INCOME DOCUMENTATION LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
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Full Documentation .......... 4,272 $583,944,876.78 68.37% 350 39.29 7.802 596 79.12
Stated Documentation ........ 1,028 147,411,235.86 17.26 355 39.89 8.366 605 74.15
Limited Documentation ....... 802 122,770,654.47 14.37 353 38.14 7.948 588 79.69
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Total ....................... 6,102 $854,126,767.11 100.00% 351 39.23 7.920 596 78.35
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Loan Purpose
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
PURPOSE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
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Refinance-Debt Consolidation
Cash Out** .................. 5,687 $798,333,555.95 93.47% 351 39.18 7.928 595 78.18
Refinance-Debt
Consolidation No Cash Out*** 393 52,601,441.00 6.16 346 39.87 7.804 610 80.57
Purchase .................... 22 3,191,770.16 0.37 359 39.04 7.912 660 84.36
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Total ....................... 6,102 $854,126,767.11 100.00% 351 39.23 7.920 596 78.35
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** Cash proceeds to the borrower inclusive of debt consolidation payments
exceed 2% or $2000 of the original principal balance of the related loan.
Also includes all home equity loans originated in Texas with any cash
proceeds.
*** Cash proceeds to the borrower inclusive of debt consolidation payments do
not exceed 2% or $2000 of the original principal balance of the related
loan. Excludes home equity loans originated in Texas with any cash
proceeds.
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Credit Grade
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RISK CATEGORY LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
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8A .......................... 269 $ 42,283,100.61 4.95% 339 37.39 6.515 739 77.75
7A .......................... 245 39,014,918.58 4.57 340 38.30 6.798 694 81.40
6A .......................... 286 43,675,022.48 5.11 344 37.25 6.848 670 79.55
5A .......................... 354 49,866,123.74 5.84 346 38.20 7.081 650 79.65
4A .......................... 437 65,384,231.81 7.66 349 38.74 7.247 633 81.97
3A .......................... 570 84,694,268.73 9.92 352 39.78 7.479 614 81.61
2A .......................... 1,251 175,186,311.57 20.51 354 38.50 7.752 583 81.17
A ........................... 393 55,563,109.48 6.51 355 38.33 8.439 578 80.59
B ........................... 1,569 207,958,445.32 24.35 354 40.86 8.820 544 75.88
C ........................... 642 80,379,656.82 9.41 354 40.14 8.838 537 70.48
D ........................... 86 10,121,577.97 1.19 356 39.29 9.211 528 58.75
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Total ....................... 6,102 $854,126,767.11 100.00% 351 39.23 7.92 596 78.35
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Property Type
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
PROPERTY TYPE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Single Family Detached ...... 5,221 $715,574,000.59 83.78% 351 39.16 7.938 594 78.68
Two-to Four Family .......... 288 58,566,030.05 6.86 355 39.92 7.725 622 74.75
PUD Detached ................ 230 34,270,431.81 4.01 355 39.68 8.057 586 79.94
Condominium ................. 165 25,419,080.95 2.98 356 39.33 7.413 601 78.18
Manufactured Housing ........ 121 11,295,522.11 1.32 348 37.97 8.383 612 71.00
Single Family Attached ...... 53 5,508,589.33 0.64 348 38.62 8.302 612 78.48
PUD Attached ................ 24 3,493,112.27 0.41 354 40.93 7.723 593 80.58
-----------------------------------------------------------------------------------------------------------------------------------
Total ....................... 6,102 $854,126,767.11 100.00% 351 39.23 7.920 596 78.35
-----------------------------------------------------------------------------------------------------------------------------------
-13-
-----------------------------------------------------------------------------------------------------------------------------------
Prepayment Charge Term
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
ORIGINATION (MOS.) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
No Prepayment Penalty ....... 1,673 $222,046,554.60 26.00% 350 39.43 8.567 589 78.11
12 .......................... 399 74,114,014.14 8.68 349 39.55 7.384 626 74.45
24 .......................... 41 7,541,729.88 0.88 359 39.89 7.308 601 81.30
30 .......................... 7 1,127,997.14 0.13 358 39.33 8.207 587 84.45
36 .......................... 3,982 549,296,471.35 64.31 352 39.09 7.739 595 78.92
-----------------------------------------------------------------------------------------------------------------------------------
Total ....................... 6,102 $854,126,767.11 100.00% 351 39.23 7.920 596 78.35
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Conforming Balance
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
CONFORMING BALANCE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Conforming .................. 6,102 $854,126,767.11 100.00% 351 39.23 7.920 596 78.35
-----------------------------------------------------------------------------------------------------------------------------------
Total ....................... 6,102 $854,126,767.11 100.00% 351 39.23 7.920 596 78.35
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Maximum Mortgage Rates of the Adjustable-Rate Loans
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING
NUMBER OF LOANS RATE LOANS RATE TERM TO GROSS
RANGE OF MAXIMUM MORTGAGE AS OF THE AS OF THE MATURITY DEBT-TO- COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
11.000-11.499 ............... 6 $ 1,111,618.81 0.16% 359 38.20 5.412 692 66.66
11.500-11.999 ............... 160 33,207,540.64 4.86 354 37.94 5.858 652 78.71
12.000-12.499 ............... 212 40,294,920.48 5.90 355 37.96 6.268 627 80.77
12.500-12.999 ............... 665 115,223,782.45 16.86 356 37.94 6.800 609 80.55
13.000-13.499 ............... 395 67,228,318.70 9.84 357 39.82 7.251 585 78.58
13.500-13.999 ............... 925 138,449,280.08 20.26 356 39.66 7.778 575 77.76
14.000-14.499 ............... 375 53,106,880.96 7.77 355 39.69 8.258 565 78.55
14.500-14.999 ............... 812 105,030,749.03 15.37 355 40.25 8.765 562 79.03
15.000-15.499 ............... 257 30,872,767.93 4.52 355 40.06 9.262 557 77.24
15.500-15.999 ............... 485 55,739,786.08 8.16 355 40.69 9.755 552 78.34
16.000-16.499 ............... 147 15,987,305.69 2.34 354 39.96 10.252 549 78.29
16.500-16.999 ............... 151 15,713,993.01 2.30 357 41.69 10.733 548 78.92
17.000-17.499 ............... 40 4,237,717.44 0.62 353 40.27 11.239 562 79.70
17.500-17.999 ............... 42 3,724,888.50 0.55 358 39.74 11.802 542 77.65
18.000-18.499 ............... 14 1,826,602.06 0.27 359 39.36 12.291 545 79.09
18.500-18.999 ............... 10 1,546,981.04 0.23 357 40.72 12.787 534 76.68
-----------------------------------------------------------------------------------------------------------------------------------
Total ....................... 4,696 $683,303,132.90 100.00% 356 39.46 7.985 582 78.85
-----------------------------------------------------------------------------------------------------------------------------------
-14-
-----------------------------------------------------------------------------------------------------------------------------------
Minimum Mortgage Rates of the Adjustable-Rate Loans
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
NUMBER OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
RANGE OF MINIMUM MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.000-5.499 ................. 6 $ 1,111,618.81 0.16% 359 38.20 5.412 692 66.66
5.500-5.999 ................. 160 33,207,540.64 4.86 354 37.94 5.858 652 78.71
6.000-6.499 ................. 212 40,294,920.48 5.90 355 37.96 6.268 627 80.77
6.500-6.999 ................. 665 115,223,782.45 16.86 356 37.94 6.800 609 80.55
7.000-7.499 ................. 395 67,228,318.70 9.84 357 39.82 7.251 585 78.58
7.500-7.999 ................. 925 138,449,280.08 20.26 356 39.66 7.778 575 77.76
8.000-8.499 ................. 375 53,106,880.96 7.77 355 39.69 8.258 565 78.55
8.500-8.999 ................. 812 105,030,749.03 15.37 355 40.25 8.765 562 79.03
9.000-9.499 ................. 257 30,872,767.93 4.52 355 40.06 9.262 557 77.24
9.500-9.999 ................. 485 55,739,786.08 8.16 355 40.69 9.755 552 78.34
10.000-10.499 ............... 147 15,987,305.69 2.34 354 39.96 10.252 549 78.29
10.500-10.999 ............... 151 15,713,993.01 2.30 357 41.69 10.733 548 78.92
11.000-11.499 ............... 40 4,237,717.44 0.62 353 40.27 11.239 562 79.70
11.500-11.999 ............... 42 3,724,888.50 0.55 358 39.74 11.802 542 77.65
12.000-12.499 ............... 14 1,826,602.06 0.27 359 39.36 12.291 545 79.09
12.500-12.999 ............... 10 1,546,981.04 0.23 357 40.72 12.787 534 76.68
-----------------------------------------------------------------------------------------------------------------------------------
Total ....................... 4,696 $683,303,132.90 100.00% 356 39.46 7.985 582 78.85
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Gross Margins of the Adjustable-Rate Loans
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
NUMBER OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLTV
RANGE OF GROSS MARGINS (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
3.000-3.249 ................. 1 $ 117,235.25 0.02% 359 47.00 8.950 566 85.00
3.500-3.749 ................. 1 144,000.00 0.02 360 22.00 8.500 608 65.46
4.000-4.249 ................. 1 132,876.21 0.02 359 40.00 6.350 765 95.00
4.500-4.749 ................. 7 1,442,766.36 0.21 319 43.76 7.857 661 86.32
4.750-4.999 ................. 84 14,419,349.76 2.11 356 39.14 6.795 729 85.50
5.000-5.249 ................. 83 16,106,039.63 2.36 355 38.77 6.987 688 86.81
5.250-5.499 ................. 114 20,026,114.41 2.93 356 37.76 6.678 664 81.80
5.500-5.749 ................. 205 33,266,412.70 4.87 354 38.06 6.978 644 81.69
5.750-5.999 ................. 368 61,866,515.45 9.05 356 38.85 7.115 619 82.85
6.000-6.249 ................. 1,472 219,783,848.70 32.16 356 39.11 7.589 589 81.66
6.250-6.499 ................. 399 57,578,053.15 8.43 356 38.06 8.439 570 78.81
6.500-6.749 ................. 1,406 188,478,782.57 27.58 356 40.80 8.781 542 75.76
6.750-6.999 ................. 555 69,941,138.71 10.24 355 39.92 8.812 530 69.28
-----------------------------------------------------------------------------------------------------------------------------------
Total ....................... 4,696 $683,303,132.90 100.00% 356 39.46 7.985 582 78.85
-----------------------------------------------------------------------------------------------------------------------------------
-15-
-----------------------------------------------------------------------------------------------------------------------------------
Next Adjustment Date of the Adjustable-Rate Loans
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
NUMBER OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLTV
NEXT ADJUSTMENT DATE LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
October 2005 ................ 13 $ 1,382,933.35 0.20% 353 41.16 9.573 574 70.34
November 2005 ............... 213 30,806,427.14 4.51 353 40.75 8.589 587 79.76
December 2005 ............... 54 6,848,767.46 1.00 349 42.34 9.097 574 79.58
January 2006 ................ 96 12,833,059.21 1.88 346 39.64 8.647 577 79.17
February 2006 ............... 58 7,239,317.67 1.06 357 38.91 8.197 584 79.13
March 2006 .................. 208 28,193,050.83 4.13 353 40.11 7.901 587 79.41
April 2006 .................. 3,954 583,186,860.24 85.35 356 39.36 7.911 581 78.81
May 2006 .................... 99 12,728,567.00 1.86 353 37.59 8.524 576 77.23
June 2006 ................... 1 84,150.00 0.01 360 42.00 9.250 578 85.00
-----------------------------------------------------------------------------------------------------------------------------------
Total ....................... 4,696 $683,303,132.90 100.00% 356 39.46 7.985 582 78.85
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Initial Periodic Cap of the Adjustable-Rate Loans
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
NUMBER OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
INITIAL PERIODIC MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLTV
CAP (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2.000 ....................... 4,696 $683,303,132.90 100.00% 356 39.46 7.985 582 78.85
-----------------------------------------------------------------------------------------------------------------------------------
Total ....................... 4,696 $683,303,132.90 100.00% 356 39.46 7.985 582 78.85
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Periodic Cap of the Adjustable-Rate Loans
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
NUMBER OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLTV
PERIODIC CAP (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
1.000 ....................... 4,696 $683,303,132.90 100.00% 356 39.46 7.985 582 78.85
-----------------------------------------------------------------------------------------------------------------------------------
Total ....................... 4,696 $683,303,132.90 100.00% 356 39.46 7.985 582 78.85
-----------------------------------------------------------------------------------------------------------------------------------
-16-
Group II Mortgage Loan Statistics
The Group II Mortgage Loans consist of 380 adjustable-rate and fixed-rate
Mortgage Loans having an aggregate principal balance as of the Cut-off Date of
approximately $145,872,543.18, after application of scheduled payments due on or
before the Cut-off Date whether or not received and application of all
unscheduled payments of principal received prior to the Closing Date. None of
the Group II Mortgage Loans had a first Due Date prior to November 2003 or after
June 2004, or will have a remaining term to stated maturity of less than 119
months or greater than 360 months as of the Cut-off Date. The latest maturity
date of any Group II Mortgage Loan is May 2034.
-----------------------------------------------------------------------------------------------------------------------------------
Collateral Type
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2-yr Fixed / Adjustable-Rate 273 $116,696,075.76 80.00% 359 40.95 7.391 607 81.10
Fixed Rate .................. 107 29,176,467.42 20.00 344 41.24 7.080 662 77.95
-----------------------------------------------------------------------------------------------------------------------------------
Total ....................... 380 $145,872,543.18 100.00% 356 41.01 7.329 618 80.47
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Principal Balances at Origination
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO GROSS
PRINCIPAL BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY DEBT-TO- COUPON OLTV
AT ORIGINATION ($) LOANS ORIGINATION ORIGINATION (months)* INCOME (%)* (%)* FICO* (%)*
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 .... 28 $ 2,099,743.00 1.44% 298 37.21 7.791 663 68.91
100,000.01 - 150,000.00 .... 18 2,203,859.00 1.51 340 39.99 7.365 668 83.10
150,000.01 - 200,000.00 .... 4 735,000.00 0.50 355 32.87 10.743 576 65.95
200,000.01 - 250,000.00 .... 2 442,000.00 0.30 357 42.70 6.757 642 75.25
250,000.01 - 300,000.00 .... 1 276,250.00 0.19 239 48.00 6.750 617 85.00
300,000.01 - 350,000.00 .... 50 17,132,659.00 11.73 359 43.36 7.276 614 80.87
350,000.01 - 400,000.00 .... 101 37,470,587.00 25.66 356 42.26 7.182 614 80.84
400,000.01 - 450,000.00 .... 66 28,075,900.00 19.23 354 41.51 7.474 614 79.47
450,000.01 - 500,000.00 .... 44 20,940,922.00 14.34 358 42.92 7.418 608 80.87
500,000.01 - 550,000.00 .... 31 16,234,300.00 11.12 359 38.30 7.542 622 82.34
550,000.01 - 600,000.00 .... 35 20,426,274.00 13.99 359 36.91 7.029 633 80.41
-----------------------------------------------------------------------------------------------------------------------------------
Total ....................... 380 $146,037,494.00 100.00% 356 41.01 7.329 618 80.47
-----------------------------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
-17-
-----------------------------------------------------------------------------------------------------------------------------------
Principal Balance as of the Cut-Off Date
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF PRINCIPAL BALANCES MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
AS OF THE CUT-OFF DATE ($) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01- 100,000.00 ....... 28 $ 2,090,858.70 1.43% 298 37.20 7.793 663 68.88
100,000.01-150,000.00 ....... 18 2,200,198.49 1.51 340 39.99 7.366 668 83.11
150,000.01-200,000.00 ....... 4 733,423.75 0.50 355 32.87 10.747 576 65.97
200,000.01-250,000.00 ....... 2 440,654.81 0.30 357 42.69 6.758 642 75.26
250,000.01-300,000.00 ....... 1 275,703.40 0.19 239 48.00 6.750 617 85.00
300,000.01-350,000.00 ....... 51 17,465,613.72 11.97 359 43.49 7.266 615 81.05
350,000.01-400,000.00 ....... 101 37,482,713.01 25.70 355 42.11 7.169 615 80.15
400,000.01-450,000.00 ....... 65 27,642,070.71 18.95 356 41.60 7.502 611 80.28
450,000.01-500,000.00 ....... 44 20,914,436.58 14.34 358 42.92 7.418 608 80.87
500,000.01-550,000.00 ....... 31 16,217,082.45 11.12 359 38.29 7.542 622 82.34
550,000.01-600,000.00 ....... 35 20,409,787.56 13.99 359 36.91 7.029 633 80.41
-----------------------------------------------------------------------------------------------------------------------------------
Total ....................... 380 $145,872,543.18 100.00% 356 41.01 7.329 618 80.47
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Stated Remaining Term to Maturity
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RANGE OF MONTHS REMAINING LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
61 - 120 ................... 1 $ 64,644.50 0.04% 119 47.00 7.990 612 22.41
121 - 180 ................... 9 1,319,741.52 0.90 178 36.64 8.126 663 79.72
181 - 240 ................... 8 1,465,441.93 1.00 238 38.99 6.786 701 63.68
241 - 300 ................... 1 59,938.93 0.04 299 32.00 8.200 631 75.00
301 - 360 ................... 361 142,962,776.30 98.01 359 41.07 7.327 617 80.68
-----------------------------------------------------------------------------------------------------------------------------------
Total ....................... 380 $145,872,543.18 100.00% 356 41.01 7.329 618 80.47
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Mortgage Rate
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF CURRENT MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.000- 5.499 .............. 2 $ 764,466.43 0.52% 359 44.01 5.350 681 84.93
5.500- 5.999 .............. 41 17,558,339.68 12.04 356 36.84 5.860 679 76.35
6.000- 6.499 .............. 53 21,394,794.27 14.67 356 42.08 6.255 642 82.50
6.500- 6.999 .............. 89 33,844,701.64 23.20 354 41.66 6.749 631 80.66
7.000- 7.499 .............. 41 15,807,460.71 10.84 357 40.34 7.237 602 80.77
7.500- 7.999 .............. 74 26,552,246.34 18.20 357 40.38 7.794 600 82.13
8.000- 8.499 .............. 16 5,409,693.59 3.71 358 45.31 8.270 590 82.56
8.500- 8.999 .............. 24 9,615,704.13 6.59 358 44.61 8.764 560 77.47
9.000- 9.499 .............. 10 3,885,860.97 2.66 356 41.66 9.276 598 84.12
9.500- 9.999 .............. 19 7,689,294.38 5.27 357 41.59 9.769 573 77.48
10.000- 10.499 .............. 2 145,439.24 0.10 359 23.58 10.271 578 75.40
10.500- 10.999 .............. 4 1,496,924.47 1.03 301 40.24 10.612 551 77.17
11.500- 11.999 .............. 2 1,000,696.03 0.69 359 35.58 11.737 559 84.13
12.500- 12.999 .............. 1 348,371.80 0.24 359 42.00 12.600 530 84.99
13.000- 13.499 .............. 1 171,260.91 0.12 354 39.00 13.050 551 70.00
13.500- 13.999 .............. 1 187,288.59 0.13 354 26.00 13.990 505 75.00
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Total ....................... 380 $145,872,543.18 100.00% 356 41.01 7.329 618 80.47
-----------------------------------------------------------------------------------------------------------------------------------
-18-
-----------------------------------------------------------------------------------------------------------------------------------
Original Loan-to-Value Ratios
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF ORIGINAL MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
LOAN-TO-VALUE RATIOS (%) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
25.00 or less ............... 3 $ 541,789.86 0.37% 240 37.01 6.171 767 22.75
25.01 - 30.00 ............... 1 384,516.09 0.26 359 35.00 5.990 750 28.94
30.01 - 35.00 ............... 2 464,372.92 0.32 358 32.37 7.371 566 30.43
35.01 - 40.00 ............... 1 84,923.16 0.06 359 43.00 6.500 692 37.73
40.01 - 45.00 ............... 3 716,954.22 0.49 335 34.11 7.508 595 48.08
45.01 - 50.00 ............... 4 1,355,348.41 0.93 359 39.37 6.914 637 52.24
50.01 - 55.00 ............... 11 4,164,713.05 2.86 356 38.32 7.156 624 58.30
55.01 - 60.00 ............... 11 4,177,738.71 2.86 356 42.85 7.393 613 63.43
60.01 - 65.00 ............... 26 9,532,446.97 6.53 352 38.87 7.618 586 68.34
65.01 - 70.00 ............... 48 18,592,149.36 12.75 357 41.31 7.590 591 74.13
70.01 - 75.00 ............... 55 21,009,731.50 14.40 356 41.59 7.248 613 78.66
75.01 - 80.00 ............... 76 30,897,883.34 21.18 358 40.56 7.336 611 83.61
80.01 - 85.00 ............... 132 51,255,949.68 35.14 355 41.71 7.274 635 89.09
85.01 - 90.00 ............... 7 2,694,025.91 1.85 359 40.83 6.896 666 93.84
-----------------------------------------------------------------------------------------------------------------------------------
Total ....................... 380 $145,872,543.18 100.00% 356 41.01 7.329 618 80.47
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
FICO Score at Origination
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RANGE OF FICO SCORES LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
500-519 ..................... 10 $ 4,128,927.21 2.83% 358 43.23 9.155 509 68.62
520-539 ..................... 23 9,625,827.97 6.60 359 39.12 8.556 530 73.32
540-559 ..................... 32 13,242,699.70 9.08 359 42.74 8.164 551 77.28
560-579 ..................... 24 9,370,530.22 6.42 359 42.98 8.087 567 81.44
580-599 ..................... 38 16,259,054.10 11.15 359 41.24 7.636 590 80.71
600-619 ..................... 59 22,520,433.25 15.44 353 40.65 7.201 610 83.01
620-639 ..................... 50 20,581,955.77 14.11 359 43.28 6.985 629 83.46
640-659 ..................... 48 17,108,594.00 11.73 356 37.80 7.097 649 83.72
660-679 ..................... 39 12,467,598.76 8.55 349 41.87 6.514 669 81.15
680-699 ..................... 27 9,657,226.71 6.62 353 40.55 6.564 689 80.44
700-719 ..................... 14 5,640,113.68 3.87 356 41.51 6.493 708 81.69
720-739 ..................... 4 1,763,878.69 1.21 359 37.30 6.463 729 84.52
740-759 ..................... 5 1,467,671.06 1.01 352 38.62 6.236 750 70.19
760-779 ..................... 4 1,135,285.63 0.78 350 27.52 5.881 765 79.64
780-799 ..................... 1 443,527.57 0.30 359 40.00 5.650 797 59.20
800-819 ..................... 2 459,218.86 0.31 230 34.09 5.657 809 28.15
-----------------------------------------------------------------------------------------------------------------------------------
Total ....................... 380 $145,872,543.18 100.00% 356 41.01 7.329 618 80.47
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Debt-to-Income Ratio
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF DEBT-TO-INCOME MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RATIOS (%) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
20.00 or less ............... 20 $ 8,728,530.50 5.98% 359 15.58 7.271 616 79.95
20.01 - 25.00 ............... 10 4,238,256.15 2.91 338 23.67 7.364 609 79.63
25.01 - 30.00 ............... 29 9,987,000.94 6.85 356 27.94 7.366 635 83.50
30.01 - 35.00 ............... 43 15,815,888.33 10.84 355 33.07 7.168 622 74.54
35.01 - 40.00 ............... 49 17,036,062.47 11.68 352 38.48 7.192 627 80.67
40.01 - 45.00 ............... 64 24,490,775.06 16.79 358 43.10 7.312 619 79.34
45.01 - 50.00 ............... 131 51,544,610.15 35.34 356 48.29 7.325 623 82.35
50.01 - 55.00 ............... 34 14,031,419.58 9.62 359 53.00 7.722 576 80.40
-----------------------------------------------------------------------------------------------------------------------------------
Total ....................... 380 $145,872,543.18 100.00% 356 41.01 7.329 618 80.47
-----------------------------------------------------------------------------------------------------------------------------------
-19-
-----------------------------------------------------------------------------------------------------------------------------------
Geographic Distribution
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
STATE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
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California .................. 160 $ 65,529,925.08 44.92% 358 41.84 6.977 626 80.91
Colorado .................... 11 4,659,754.26 3.19 359 37.20 7.427 612 83.03
Connecticut ................. 9 3,141,020.52 2.15 348 45.98 7.161 624 78.49
Florida ..................... 28 9,921,829.59 6.80 354 40.78 7.792 623 81.75
Hawaii ...................... 3 1,341,414.53 0.92 359 44.89 7.179 604 81.20
Illinois .................... 9 3,524,399.57 2.42 356 36.57 7.787 577 76.03
Maryland .................... 14 5,844,498.26 4.01 359 46.22 7.306 599 85.79
Massachusetts ............... 26 10,671,760.09 7.32 358 40.96 7.482 608 75.72
Michigan .................... 11 3,101,754.85 2.13 359 42.86 7.963 576 79.29
Minnesota ................... 8 2,947,302.50 2.02 357 35.44 6.894 623 81.31
Montana ..................... 2 768,932.01 0.53 359 49.09 7.532 605 90.00
Nevada ...................... 3 1,592,789.59 1.09 359 38.77 7.412 623 83.98
New York .................... 34 12,696,887.57 8.70 350 42.82 7.845 607 75.67
North Carolina .............. 2 999,520.88 0.69 359 26.01 7.471 702 86.35
Ohio ........................ 6 1,362,333.57 0.93 351 34.13 6.585 635 81.87
Pennsylvania ................ 3 1,280,345.67 0.88 359 50.63 6.787 633 85.20
Tennessee ................... 4 869,285.82 0.60 341 46.32 8.485 622 88.97
Texas ....................... 8 2,463,331.56 1.69 352 37.00 7.523 617 79.79
Washington .................. 14 5,933,389.99 4.07 358 36.02 7.423 623 78.48
Wisconsin ................... 4 1,236,589.82 0.85 359 31.81 8.326 611 88.28
Other ....................... 21 5,985,477.45 4.10 340 36.63 8.402 605 83.60
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Total ....................... 380 $145,872,543.18 100.00% 356 41.01 7.329 618 80.47
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Occupancy Status
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
OCCUPATION STATUS* LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
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Owner Occupied .............. 362 $140,150,314.48 96.08% 356 41.19 7.324 616 80.60
Non-Owner Occupied .......... 14 4,448,315.56 3.05 359 32.28 7.645 651 77.22
Second Home ................. 4 1,273,913.14 0.87 359 51.24 6.828 686 77.33
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Total ....................... 380 $145,872,543.18 100.00% 356 41.01 7.329 618 80.47
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* Based on mortgagor representation at origination.
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Documentation Type
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
INCOME DOCUMENTATION LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
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Full Documentation .......... 251 $ 95,081,248.64 65.18% 356 40.55 7.290 616 80.87
Stated Documentation ........ 61 23,921,728.67 16.40 354 42.99 7.330 641 77.29
Limited Documentation ....... 68 26,869,565.87 18.42 357 40.88 7.468 606 81.89
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Total ....................... 380 $145,872,543.18 100.00% 356 41.01 7.329 618 80.47
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-20-
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Loan Purpose
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
PURPOSE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
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Refinance-Debt Consolidation
Cash Out** .................. 362 $137,787,015.34 94.46% 356 41.02 7.342 618 80.66
Refinance-Debt
Consolidation No Cash Out*** 17 7,670,941.77 5.26 357 40.31 7.178 622 77.09
Purchase .................... 1 414,586.07 0.28 359 50.00 5.990 670 80.58
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Total ....................... 380 $145,872,543.18 100.00% 356 41.01 7.329 618 80.47
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** Cash proceeds to the borrower inclusive of debt consolidation payments
exceed 2% or $2000 of the original principal balance of the related loan.
Also includes all home equity loans originated in Texas with any cash
proceeds.
*** Cash proceeds to the borrower inclusive of debt consolidation payments do
not exceed 2% or $2000 of the original principal balance of the related
loan. Excludes home equity loans originated in Texas with any cash
proceeds.
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Credit Grade
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RISK CATEGORY LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
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8A .......................... 23 $ 7,603,144.39 5.21% 347 35.73 6.260 742 75.43
7A .......................... 32 12,188,860.67 8.36 354 41.62 6.480 694 80.48
6A .......................... 38 12,362,497.18 8.47 348 41.80 6.516 669 81.07
5A .......................... 38 13,838,130.69 9.49 358 36.90 6.982 650 85.37
4A .......................... 46 19,128,378.48 13.11 359 43.02 6.957 628 83.89
3A .......................... 50 18,423,170.25 12.63 355 41.45 7.009 615 82.54
2A .......................... 72 29,795,991.59 20.43 356 41.10 7.555 590 82.28
A ........................... 14 6,236,935.09 4.28 359 42.47 8.025 572 79.57
B ........................... 40 15,852,176.86 10.87 359 41.66 8.554 545 75.95
C ........................... 23 8,744,130.56 5.99 357 41.52 8.859 545 72.03
D ........................... 4 1,699,127.42 1.16 358 44.92 8.815 524 54.92
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Total: 380 $145,872,543.18 100.00% 356 41.01 7.329 618 80.47
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Property Type
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
PROPERTY TYPE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
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Single Family Detached ...... 326 $125,574,090.14 86.08% 356 40.95 7.339 616 80.43
PUD Detached ................ 25 10,687,148.75 7.33 359 40.96 6.961 634 81.50
Condominium ................. 13 5,297,971.41 3.63 352 40.49 7.361 639 81.42
Two-to Four Family .......... 9 2,897,993.17 1.99 358 43.34 8.414 592 77.45
PUD Attached ................ 2 780,763.73 0.54 356 47.31 6.784 674 90.00
Manufactured Housing ........ 4 569,931.48 0.39 334 39.47 6.939 609 70.10
Single Family Attached ...... 1 64,644.50 0.04 119 47.00 7.990 612 22.41
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Total ....................... 380 $145,872,543.18 100.00% 356 41.01 7.329 618 80.47
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-21-
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Prepayment Charge Term
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
ORIGINATION (MOS.) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
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No Prepayment Penalty ....... 94 $ 38,842,015.39 26.63% 357 39.88 8.028 603 80.06
12 .......................... 35 13,131,118.24 9.00 351 41.23 6.855 634 82.24
24 .......................... 4 1,641,528.76 1.13 359 45.57 7.118 612 87.36
30 .......................... 1 599,384.36 0.41 359 12.00 5.850 760 83.92
36 .......................... 246 91,658,496.43 62.83 356 41.56 7.114 621 80.24
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Total ....................... 380 $145,872,543.18 100.00% 356 41.01 7.329 618 80.47
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Conforming Balance
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
CONFORMING BALANCE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
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Conforming .................. 53 $ 5,740,839.15 3.94% 323 38.66 7.877 650 75.23
Nonconforming ............... 327 140,131,704.03 96.06 357 41.11 7.307 617 80.69
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Total ....................... 380 $145,872,543.18 100.00% 356 41.01 7.329 618 80.47
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Maximum Mortgage Rates of the Adjustable-Rate Loans
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PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
NUMBER OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
RANGE OF MAXIMUM MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
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11.000- 11.499 .............. 2 $ 764,466.43 0.66% 359 44.01 5.350 681 84.93
11.500- 11.999 .............. 32 14,384,889.51 12.33 359 36.38 5.864 668 80.35
12.000- 12.499 .............. 36 15,069,299.07 12.91 359 40.57 6.253 626 82.81
12.500- 12.999 .............. 62 26,579,400.73 22.78 359 42.32 6.763 619 82.12
13.000- 13.499 .............. 27 11,721,091.46 10.04 358 39.67 7.231 592 80.27
13.500- 13.999 .............. 51 21,248,696.86 18.21 359 40.43 7.805 591 81.64
14.000- 14.499 .............. 11 4,608,552.37 3.95 359 45.79 8.279 585 84.33
14.500- 14.999 .............. 20 8,704,844.41 7.46 359 44.26 8.747 555 76.78
15.000- 15.499 .............. 9 3,826,809.20 3.28 359 41.92 9.276 598 84.04
15.500- 15.999 .............. 17 7,437,172.45 6.37 358 41.81 9.772 573 77.60
16.500- 16.999 .............. 2 991,607.74 0.85 359 47.39 10.523 523 71.78
17.500- 17.999 .............. 2 1,000,696.03 0.86 359 35.58 11.737 559 84.13
19.000- 19.499 .............. 1 171,260.91 0.15 354 39.00 13.050 551 70.00
19.500- 19.999 .............. 1 187,288.59 0.16 354 26.00 13.990 505 75.00
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Total ....................... 273 $116,696,075.76 100.00% 359 40.95 7.391 607 81.10
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-22-
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Minimum Mortgage Rates of the Adjustable-Rate Loans
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PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
NUMBER OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
RANGE OF MINIMUM MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
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5.000- 5.499 .............. 2 $ 764,466.43 0.66% 359 44.01 5.350 681 84.93
5.500- 5.999 .............. 32 14384889.51 12.33 359 36.38 5.864 668 80.35
6.000- 6.499 .............. 36 15,069,299.07 12.91 359 40.57 6.253 626 82.81
6.500- 6.999 .............. 62 26,579,400.73 22.78 359 42.32 6.763 619 82.12
7.000- 7.499 .............. 27 11,721,091.46 10.04 358 39.67 7.231 592 80.27
7.500- 7.999 .............. 51 21,248,696.86 18.21 359 40.43 7.805 591 81.64
8.000- 8.499 .............. 11 4,608,552.37 3.95 359 45.79 8.279 585 84.33
8.500- 8.999 .............. 20 8,704,844.41 7.46 359 44.26 8.747 555 76.78
9.000- 9.499 .............. 9 3,826,809.20 3.28 359 41.92 9.276 598 84.04
9.500- 9.999 .............. 17 7,437,172.45 6.37 358 41.81 9.772 573 77.60
10.500- 10.999 .............. 2 991,607.74 0.85 359 47.39 10.523 523 71.78
11.500- 11.999 .............. 2 1,000,696.03 0.86 359 35.58 11.737 559 84.13
13.000- 13.499 .............. 1 171,260.91 0.15 354 39.00 13.050 551 70.00
13.500- 13.999 .............. 1 187,288.59 0.16 354 26.00 13.990 505 75.00
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Total ....................... 273 $116,696,075.76 100.00% 359 40.95 7.391 607 81.10
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Gross Margins of the Adjustable-Rate Loans
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PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
NUMBER OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLTV
RANGE OF GROSS MARGINS (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
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3.250-3.499 ................ 1 $ 542,301.25 0.46% 359 16.00 7.550 653 90.00
4.750-4.999 ................ 13 6098827.76 5.23 359 35.28 6.283 728 83.85
5.000-5.249 ................ 13 5186279.42 4.44 358 40.77 6.619 685 87.12
5.250-5.499 ................ 14 6338263.6 5.43 358 40.30 6.418 665 83.32
5.500-5.749 ................ 24 10,447,392.46 8.95 358 36.57 6.829 645 83.73
5.750-5.999 ................ 44 19,045,246.65 16.32 359 43.31 6.916 624 83.83
6.000-6.249 ................ 93 39,264,932.45 33.65 359 41.58 7.359 595 82.75
6.250-6.499 ................ 13 5,896,135.21 5.05 359 40.47 7.956 566 78.12
6.500-6.749 ................ 35 14,165,178.10 12.14 359 42.24 8.546 545 75.43
6.750-6.999 ................ 23 9,711,518.86 8.32 358 42.35 8.767 539 69.41
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Total ....................... 273 $116,696,075.76 100.00% 359 40.95 7.391 607 81.10
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Next Adjustment Date of the Adjustable-Rate Loans
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PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
NUMBER OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLTV
NEXT ADJUSTMENT DATE LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
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November 2005 ............... 12 $ 4,634,297.54 3.97% 354 35.40 8.088 624 86.15
December 2005 ............... 4 1,823,365.97 1.56 355 38.54 9.489 540 72.30
February 2006 ............... 5 2,301,825.25 1.97 357 34.38 8.122 603 79.19
March 2006 .................. 8 3,321,163.76 2.85 358 43.61 7.930 587 76.43
April 2006 .................. 238 102,254,173.24 87.62 359 41.24 7.289 608 81.24
May 2006 .................... 6 2,361,250.00 2.02 360 43.81 7.361 620 80.29
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Total ....................... 273 $116,696,075.76 100.00% 359 40.95 7.391 607 81.10
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-23-
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Initial Periodic Cap of the Adjustable-Rate Loans
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PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
NUMBER OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
INITIAL PERIODIC MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLT
CAP (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%
-----------------------------------------------------------------------------------------------------------------------------------
2.000 ....................... 273 $116,696,075.76 100.00% 359 40.95 7.391 607 81.10
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Total: ...................... 273 $116,696,075.76 100.00% 359 40.95 7.391 607 81.10
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Periodic Cap of the Adjustable-Rate Loans
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PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
NUMBER OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLT
PERIODIC CAP (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%
-----------------------------------------------------------------------------------------------------------------------------------
1.000 ....................... 273 $116,696,075.76 100.00% 359 40.95 7.391 607 81.10
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Total: ...................... 273 $116,696,075.76 100.00% 359 40.95 7.391 607 81.10
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