EXHIBIT 99.2
The mortgage loans delivered to the Trust on the Closing Date (the
"Initial Mortgage Loans") will consist of conventional, one-to four- family,
adjustable-rate and fixed-rate mortgage loans. The Depositor will purchase the
Initial Mortgage Loans from the Seller pursuant to the Mortgage Loan Purchase
Agreement, to be dated as of the date of this prospectus supplement (the "
Mortgage Loan Purchase Agreement"), between the Seller and the Depositor.
Pursuant to the Pooling and Servicing Agreement, to be dated as of the Cut-off
Date (the "Pooling and Servicing Agreement"), among the Depositor, the Master
Servicer and the Trustee, the Depositor will cause the Initial Mortgage Loans to
be assigned to the Trustee for the benefit of the certificateholders.
The Initial Mortgage Loans included in loan group I and loan group II
are expected to have an aggregate principal balance as of the Cut-off Date of
approximately $1,025,563,661 and $374,434,804, respectively.
The Mortgage Loans will be 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 will 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 90.56% and approximately 9.44% of the Collateral
Selection Date Mortgage Loans, in each case, by aggregate scheduled principal
balance as of the Cut-off Date, were originated by the Seller's wholesale
lending affiliates, Argent Mortgage Company, LLC ("Argent") and Olympus Mortgage
Company ("Olympus" and together with Argent, the "Originators"), respectively.
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");
provided, that the first adjustment for approximately 73.88% of the
adjustable-rate Group I Collateral Selection Date Mortgage Loans and
approximately 76.74% of the adjustable-rate Group II Collateral Selection Date
Mortgage Loans will occur after an initial period of two years after
origination, and the first adjustment for approximately 26.12% of the
adjustable-rate Group I Collateral Selection Date Mortgage Loans and
approximately 23.26% of the adjustable-rate Group II Collateral Selection Date
Mortgage Loans will occur after an initial period of three years after
origination. On each Adjustment Date for each adjustable-rate Mortgage Loan, the
Mortgage Rate thereon will be adjusted (subject to rounding) to equal the sum of
the applicable Index (as defined below) and a fixed percentage amount (the "
Gross Margin"). The Mortgage Rate on each adjustable-rate Mortgage Loan will not
decrease on the first related Adjustment Date, will not increase by more than
2.000% per annum on the first related Adjustment Date (the " Initial Periodic
Rate Cap") and will not increase or decrease by more than 1.000% per annum on
any Adjustment Date thereafter (the " Periodic Rate Cap"). Each Mortgage Rate on
each adjustable-rate Mortgage Loan will not exceed a specified maximum Mortgage
Rate over the life of such Mortgage Loan (the " Maximum Mortgage Rate") or be
less than a specified minimum Mortgage Rate over the life of such Mortgage Loan
(the " Minimum Mortgage Rate"). Effective with the first monthly payment due on
each adjustable-rate Mortgage Loan after
each related Adjustment Date, the monthly payment amount will be adjusted to an
amount that will amortize fully the outstanding principal balance of the related
Mortgage Loan over its remaining term, and pay interest at the Mortgage Rate as
so adjusted. Due to the application of the Periodic Rate Caps and the Maximum
Mortgage Rates, the Mortgage Rate on each such adjustable-rate Mortgage Loan, as
adjusted on any related Adjustment Date, may be less than the sum of the Index
and the related Gross Margin, rounded as described herein. None of the
adjustable-rate Mortgage Loans permits the related mortgagor to convert the
adjustable Mortgage Rate thereon to a fixed Mortgage Rate.
The Mortgage Loans will have scheduled monthly payments due on the
first day of the month (with respect to each Mortgage Loan, a "Due Date"). Each
Mortgage Loan will contain a customary "due-on-sale" clause which provides that
(subject to state and federal restrictions) the Mortgage Loan must be repaid at
the time of sale of the related mortgaged property or with the consent of the
holder of the mortgage note assumed by a creditworthy purchaser of the related
mortgaged property.
None of the Mortgage Loans will be buydown mortgage loans.
For purposes of calculating interest and principal distributions on the
Class A Certificates, the Mortgage Loans will be divided into two loan groups,
designated as the "Group I Mortgage Loans" and the "Group II Mortgage Loans."
The Group I Mortgage Loans will consist of adjustable-rate and fixed-rate
mortgage loans with principal balances at origination that conform to Freddie
Mac and ▇▇▇▇▇▇ ▇▇▇ loan limits and the Group II Mortgage Loans will consist of
adjustable-rate and fixed-rate mortgage loans with principal balances at
origination that may or may not conform to Freddie Mac or ▇▇▇▇▇▇ ▇▇▇ loan
limits.
Approximately 69.73% of the Group I Collateral Selection Date Mortgage
Loans and approximately 73.65% of the Group II Collateral Selection Date
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 provides for
payment of a prepayment charge on certain prepayments made within a defined
period set forth in the related Mortgage Note (generally within the first three
years but possibly as short as one year from the date of origination of such
Mortgage Loan). The amount of the prepayment charge is as provided in the
related Mortgage Note. The holders of the Class P Certificates will be entitled
to all prepayment charges received on the Mortgage Loans in each loan group, and
such amounts will not be available for distribution on the other classes of
Certificates. Under certain instances, as described under the terms of the
Pooling and Servicing Agreement, the Master Servicer may waive the payment of
any otherwise applicable prepayment charge. Investors should conduct their own
analysis of the effect, if any, that the prepayment charges, and decisions by
the Master Servicer with respect to the waiver thereof, may have on the
prepayment performance of the Mortgage Loans. The Depositor makes no
representation as to the effect that the prepayment charges, and decisions by
the Master Servicer with respect to the waiver thereof, may have on the
prepayment performance of the Mortgage Loans. As of July 1, 2003, the
Alternative Mortgage Parity Act of 1982 (the "Parity Act"), which regulates the
ability of the Originators to impose prepayment charges, was amended, and as a
result, the Originators will be required to comply with state and local laws in
originating mortgage loans with prepayment charge provisions with respect to
loans originated on or after July 1, 2003. The Depositor makes no
representations as to the effect that the prepayment charges, decisions by the
Master Servicer with respect to the waiver thereof and the recent amendment of
the Parity Act, may have on the
prepayment performance of the Mortgage Loans. However, the ruling of the Office
of Thrift Supervision (the "OTS") does not retroactively affect loans originated
before July 1, 2003.
COLLATERAL TYPE
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
COLLATERAL TYPE MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
2 YEAR ARMS 1,243 $232,635,881.81 58.16 360 39.57 7.596 599 84.38
3 YEAR ARMS 453 79,285,327.82 19.82 360 39.42 7.470 614 85.65
FIXED 629 88,079,982.67 22.02 350 39.07 7.100 623 79.30
----------------------------------------------------------------------------------------------------------------------
TOTAL: 2,325 $400,001,192.31 100.00 357 39.43 7.462 607 83.51
----------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
RANGE OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
PRINCIPAL BALANCES NUMBER OF AS OF AS OF MATURITY INCOME RATES
AT ORIGINATION ($) MORTGAGE LOANS ORIGINATION ORIGINATION (MONTHS)* (%)* (%)* FICO* OLTV (%)*
-----------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 656 $51,923,518.00 12.98 349 36.82 7.802 604 81.43
100,000.01 - 150,000.00 623 76,953,279.00 19.23 356 37.93 7.650 605 83.58
150,000.01 - 200,000.00 392 68,146,666.00 17.03 359 39.14 7.573 602 83.60
200,000.01 - 250,000.00 206 46,105,220.00 11.52 359 40.53 7.400 606 83.23
250,000.01 - 300,000.00 176 48,465,866.00 12.11 360 41.66 7.245 607 83.33
300,000.01 - 350,000.00 83 26,884,950.00 6.72 360 40.84 7.107 615 84.71
350,000.01 - 400,000.00 90 33,435,795.00 8.36 360 40.90 7.247 612 84.92
400,000.01 - 450,000.00 47 19,819,680.00 4.95 360 43.36 7.430 623 85.39
450,000.01 - 500,000.00 25 11,994,895.00 3.00 360 37.82 7.294 639 86.19
500,000.01 - 550,000.00 11 5,859,313.00 1.46 360 37.73 6.694 596 82.28
550,000.01 - 600,000.00 5 2,882,400.00 0.72 360 32.23 7.466 606 85.63
600,000.01 - 650,000.00 4 2,567,500.00 0.64 360 35.50 6.940 655 88.17
650,000.01 - 700,000.00 2 1,358,000.00 0.34 359 19.52 6.840 541 72.30
700,000.01 - 750,000.00 5 3,677,000.00 0.92 360 48.85 7.383 568 76.76
-----------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,325 $00,074,082.00 100.00 357 39.43 7.462 607 83.51
-----------------------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
PRINCIPAL BALANCES AS OF THE CUT-OFF DATE
------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
RANGE OF PRINCIPAL BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
BALANCES AS OF THE NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
CUT-OFF DATE ($) MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 656 $ 51,912,084.76 12.98 349 36.82 7.802 604 81.43
100,000.01 - 150,000.00 623 76,940,288.00 19.24 356 37.93 7.650 605 83.58
150,000.01 - 200,000.00 392 68,139,602.79 17.03 359 39.14 7.573 602 83.60
200,000.01 - 250,000.00 206 46,097,463.98 11.52 359 40.53 7.400 606 83.23
250,000.01 - 300,000.00 176 48,456,741.93 12.11 360 41.66 7.245 607 83.33
300,000.01 - 350,000.00 83 26,877,491.05 6.72 360 40.84 7.107 615 84.71
350,000.01 - 400,000.00 90 33,430,526.67 8.36 360 40.90 7.247 612 84.92
400,000.01 - 450,000.00 47 19,813,054.06 4.95 360 43.36 7.430 623 85.39
450,000.01 - 500,000.00 25 11,993,185.07 3.00 360 37.81 7.294 639 86.19
500,000.01 - 550,000.00 11 5,858,893.01 1.46 360 37.73 6.694 596 82.28
550,000.01 - 600,000.00 5 2,881,522.28 0.72 360 32.23 7.466 606 85.63
600,000.01 - 650,000.00 4 2,566,394.88 0.64 360 35.51 6.940 655 88.17
650,000.01 - 700,000.00 2 1,357,448.08 0.34 359 19.52 6.840 541 72.29
700,000.01 - 750,000.00 5 3,676,495.74 0.92 360 48.85 7.383 568 76.76
------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,325 $400,001,192.31 100.00 357 39.43 7.462 607 83.51
------------------------------------------------------------------------------------------------------------------------------
REMAINING TERM TO MATURITY
------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
RANGE OF MONTHS NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
REMAINING MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------
120 - 180 42 $ 3,474,539.01 0.87 180 37.42 7.371 607 76.77
181 - 240 24 2,631,768.00 0.66 240 40.29 7.037 629 74.23
300 - 360 2,259 393,894,885.30 98.47 360 39.44 7.466 607 83.63
------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,325 $400,001,192.31 100.00 357 39.43 7.462 607 83.51
------------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
RANGE OF CURRENT NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
MORTGAGE RATES (%) MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 58 $ 10,922,794.06 2.73 355 41.12 5.891 650 74.43
6.000 - 6.499 269 55,495,153.34 13.87 357 40.27 6.269 630 80.67
6.500 - 6.999 431 83,680,410.91 20.92 357 39.27 6.768 620 81.98
7.000 - 7.499 377 67,045,465.47 16.76 357 38.87 7.228 614 83.83
7.500 - 7.999 479 79,863,567.12 19.97 358 39.32 7.742 600 86.00
8.000 - 8.499 265 41,866,098.18 10.47 358 38.70 8.224 595 87.45
8.500 - 8.999 258 36,298,488.71 9.07 358 40.04 8.704 583 86.38
9.000 - 9.499 82 10,072,863.51 2.52 358 38.81 9.214 567 85.26
9.500 - 9.999 64 8,805,980.26 2.20 358 39.64 9.790 554 78.36
10.000 - 10.499 19 2,278,090.54 0.57 356 38.82 10.210 550 77.93
10.500 - 10.999 13 2,156,684.86 0.54 360 41.43 10.814 533 67.13
11.000 - 11.499 7 951,485.05 0.24 360 44.34 11.310 511 67.36
11.500 - 11.999 2 394,110.28 0.10 359 41.52 11.733 518 69.53
12.000 - 12.499 1 170,000.00 0.04 360 37.00 12.225 509 48.57
------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,325 $400,001,192.31 100.00 357 39.43 7.462 607 83.51
------------------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
RANGE OF ORIGINAL BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
LOAN-TO-VALUE NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
RATIOS (%) MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------
<= 25.00 2 $ 180,000.00 0.04 360 30.00 6.697 591 24.93
25.01 - 30.00 3 288,500.00 0.07 360 37.92 7.602 584 26.61
30.01 - 35.00 4 399,491.92 0.10 315 36.78 7.150 606 32.80
35.01 - 40.00 9 938,926.86 0.23 347 37.63 7.419 568 38.40
40.01 - 45.00 10 1,025,815.00 0.26 352 37.86 7.727 581 42.66
45.01 - 50.00 27 3,871,850.33 0.97 346 40.51 7.408 602 48.23
50.01 - 55.00 25 3,899,404.30 0.97 354 38.51 7.370 610 52.84
55.01 - 60.00 49 7,313,644.09 1.83 356 37.88 7.357 582 58.11
60.01 - 65.00 71 13,279,729.73 3.32 355 39.21 7.434 562 63.44
65.01 - 70.00 106 18,382,998.17 4.60 357 40.34 7.519 580 68.62
70.01 - 75.00 156 26,825,784.87 6.71 357 39.69 7.614 573 74.23
75.01 - 80.00 464 80,735,877.46 20.18 357 39.30 7.126 615 79.59
80.01 - 85.00 316 50,716,938.83 12.68 356 39.93 7.351 588 84.37
85.01 - 90.00 601 104,927,077.11 26.23 359 38.77 7.583 610 89.73
90.01 - 95.00 482 87,215,153.65 21.80 359 40.02 7.653 634 94.79
------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,325 $400,001,192.31 100.00 357 39.43 7.462 607 83.51
------------------------------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
RANGE OF FICO NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
SCORES MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------
500 - 519 118 $ 19,793,881.60 4.95 359 42.89 8.392 510 74.81
520 - 539 207 33,373,405.03 8.34 358 40.32 8.069 530 76.93
540 - 559 215 36,299,390.95 9.07 357 40.38 7.855 550 79.94
560 - 579 219 38,655,426.78 9.66 358 39.20 7.614 569 81.53
580 - 599 297 48,627,602.33 12.16 357 40.03 7.547 589 84.88
600 - 619 349 58,050,851.02 14.51 356 39.32 7.311 609 86.35
620 - 639 309 54,012,483.15 13.50 358 39.76 7.211 629 85.97
640 - 659 241 43,916,873.80 10.98 358 38.00 7.186 651 86.17
660 - 679 151 25,286,555.60 6.32 358 38.40 7.097 668 84.42
680 - 699 107 20,375,305.25 5.09 357 37.92 7.092 688 87.76
700 - 719 56 10,995,352.87 2.75 356 37.25 7.072 710 84.94
720 - 739 31 5,534,019.66 1.38 357 38.26 6.741 730 81.15
740 - 759 17 3,377,994.25 0.84 353 39.85 6.895 746 88.17
760 - 779 5 858,300.00 0.21 360 30.23 6.869 766 79.98
780 - 799 3 843,750.00 0.21 360 31.05 6.209 782 75.02
------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,325 $400,001,192.31 100.00 357 39.43 7.462 607 83.51
------------------------------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
RANGE OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
DEBT-TO-INCOME NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
RATIOS (%) MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------
<= 20.00 114 $ 17,017,827.27 4.25 358 13.94 7.595 618 82.54
20.01 - 25.00 115 16,159,984.50 4.04 353 23.24 7.552 620 82.46
25.01 - 30.00 229 33,786,715.31 8.45 358 28.25 7.471 618 84.44
30.01 - 35.00 294 46,638,533.52 11.66 357 33.08 7.329 607 82.80
35.01 - 40.00 395 68,417,713.99 17.10 357 38.24 7.546 608 82.24
40.01 - 45.00 550 96,944,263.42 24.24 359 43.03 7.404 610 84.66
45.01 - 50.00 568 109,508,440.09 27.38 357 48.07 7.467 603 85.18
50.01 - 55.00 60 11,527,714.22 2.88 353 52.96 7.592 554 68.61
------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,325 $400,001,192.31 100.00 357 39.43 7.462 607 83.51
------------------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
STATE MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------
California 483 $118,805,642.87 29.70 358 40.48 7.099 600 78.96
Florida 294 47,816,285.03 11.95 358 39.75 7.501 617 86.14
New York 154 42,809,487.10 10.70 358 39.84 7.328 626 85.40
Maryland 95 17,543,137.07 4.39 358 39.88 7.396 611 83.74
Arizona 132 17,270,872.18 4.32 355 36.02 7.646 617 87.11
Michigan 121 14,180,508.82 3.55 359 38.37 7.894 584 86.97
Illinois 96 14,133,434.32 3.53 354 41.54 7.819 607 84.27
Texas 132 14,125,619.06 3.53 349 38.94 7.919 597 83.16
Georgia 83 12,065,324.80 3.02 358 41.02 7.769 611 86.61
Massachusetts 36 9,459,574.03 2.36 360 37.76 7.340 613 81.25
Nevada 47 7,985,056.09 2.00 360 39.73 7.862 602 80.82
Wisconsin 60 7,786,691.67 1.95 358 41.22 7.744 611 86.45
Washington 36 6,720,480.34 1.68 360 37.26 7.615 607 85.24
Indiana 67 6,480,825.63 1.62 358 34.41 7.797 624 88.82
Colorado 33 6,208,689.82 1.55 358 37.68 7.347 603 88.40
Pennsylvania 52 5,896,698.88 1.47 353 38.50 7.811 591 85.26
Minnesota 33 5,601,463.22 1.40 358 38.04 7.314 597 85.50
Missouri 47 5,143,983.53 1.29 360 38.14 8.010 596 87.21
Connecticut 23 4,488,477.32 1.12 360 39.85 8.197 626 87.30
Tennessee 41 4,076,124.34 1.02 347 36.75 7.864 598 87.89
Other 260 31,402,816.19 7.85 356 37.92 7.717 604 84.93
------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,325 $400,001,192.31 100.00 357 39.43 7.462 607 83.51
------------------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
OCCUPANCY STATUS* MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 2,060 $363,432,905.74 90.86 357 40.04 7.418 603 83.33
Non-owner Occupied 242 32,788,378.96 8.20 359 32.55 7.993 645 85.57
Second Home 23 3,779,907.61 0.94 355 40.62 7.085 668 82.92
------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,325 $400,001,192.31 100.00 357 39.43 7.462 607 83.51
------------------------------------------------------------------------------------------------------------------------------
* Based on mortgagor representation at origination.
DOCUMENTATION TYPE
------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
INCOME DOCUMENTATION MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------
Full Docs 1,337 $212,194,479.41 53.05 356 39.82 7.333 592 82.69
Stated Docs 861 163,446,425.88 40.86 359 39.44 7.652 629 84.37
Limited Docs 127 24,360,287.02 6.09 358 36.01 7.312 600 84.91
------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,325 $400,001,192.31 100.00 357 39.43 7.462 607 83.51
------------------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
PURPOSE MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------
Refi-Cashout** 1,420 $250,350,496.17 62.59 357 39.96 7.386 595 81.19
Purchase 772 131,285,640.12 32.82 359 38.38 7.590 634 87.81
Refi No Cashout*** 133 18,365,056.02 4.59 354 39.80 7.589 592 84.47
------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,325 $400,001,192.31 100.00 357 39.43 7.462 607 83.51
------------------------------------------------------------------------------------------------------------------------------
** Cash proceeds to the borrower inclusive of debt consolidation
payments exceed 2% or $2,000 of the original principal balance
of the related loan. Also includes all home equity loans
originated in Texas with any cash proceeds.
***Cash proceeds to the borrower inclusive of debt consolidation
payments do not exceed 2% or $2,000 of the original principal
balance of the related loan. Excludes home equity loans
originated in Texas with any cash proceeds.
CREDIT GRADE
------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
RISK CATEGORY MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------
1 1,524 $259,603,218.02 64.90 357 39.31 7.295 624 85.65
2 166 30,457,132.95 7.61 356 40.04 7.526 585 83.16
3 201 32,282,316.24 8.07 358 38.60 7.463 574 81.11
4 119 18,633,013.36 4.66 357 40.41 7.736 569 79.24
5 77 15,038,254.82 3.76 360 39.20 7.770 555 71.87
6 27 3,952,420.59 0.99 360 44.20 9.264 560 65.55
A+ 90 17,062,021.81 4.27 357 38.94 7.697 607 84.19
A 48 8,669,356.31 2.17 358 40.48 7.343 613 79.23
A- 18 3,519,801.80 0.88 355 40.05 7.918 560 82.12
B 15 3,337,692.05 0.83 359 42.59 8.718 556 78.39
C 17 2,826,753.97 0.71 360 40.70 9.297 551 73.10
C- 23 4,619,210.39 1.15 360 36.88 9.763 538 69.79
------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,325 $400,001,192.31 100.00 357 39.43 7.462 607 83.51
------------------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
PROPERTY TYPE MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------
Single Family Detached 1,643 $277,355,504.02 69.34 357 39.46 7.416 604 83.30
PUD - Detached 243 48,825,839.51 12.21 358 41.17 7.570 598 84.32
Two-to-Four Family 196 40,521,762.93 10.13 359 37.88 7.618 628 84.54
Condominium 147 23,514,036.71 5.88 358 39.26 7.498 629 83.78
Manufactured/Mobile
Housing 88 8,387,909.33 2.10 352 36.82 7.508 617 78.98
PUD-Attached 8 1,396,139.81 0.35 360 36.55 7.341 627 90.00
------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,325 $400,001,192.31 100.00 357 39.43 7.462 607 83.51
------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------
% OF
PREPAYMENT CHARGE PRINCIPAL PRINCIPAL REMAINING
TERM AT BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
ORIGINATION NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
(MONTHS) MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------
0 685 $117,115,846.37 29.28 357 39.64 7.577 614 84.62
12 95 20,694,438.45 5.17 358 40.40 7.488 619 81.28
24 783 142,893,170.52 35.72 360 38.92 7.615 597 83.61
36 762 119,297,736.97 29.82 355 39.67 7.161 611 82.70
------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,325 $400,001,192.31 100.00 357 39.43 7.462 607 83.51
------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
CONFORMING BALANCE MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------
Conforming Balance 2,140 $320,874,701.15 80.22 357 39.14 7.520 606 83.35
Non-Conforming Balance 185 79,126,491.16 19.78 360 40.60 7.226 613 84.17
------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,325 $400,001,192.31 100.00 357 39.43 7.462 607 83.51
------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF % OF
ADJUSTABLE RATE PRINCIPAL REMAINING
MORTGAGE LOANS BALANCE TERM TO DEBT-TO- MORTGAGE
RANGE OF MAXIMUM NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
MORTGAGE RATES (%) MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------
11.500-11.999 12 $ 2,334,415.89 0.75 360 37.32 5.873 626 78.12
12.000-12.499 183 38,796,595.46 12.44 360 40.48 6.274 625 82.22
12.500-12.999 292 60,363,992.75 19.35 360 39.07 6.767 618 82.53
13.000-13.499 275 53,971,809.47 17.30 359 39.09 7.228 612 85.37
13.500-13.999 368 67,225,147.21 21.55 360 39.50 7.749 599 86.76
14.000-14.499 205 36,199,991.35 11.61 360 38.88 8.223 596 88.38
14.500-14.999 210 32,051,048.49 10.28 360 40.65 8.705 581 86.51
15.000-15.499 65 8,398,994.54 2.69 360 39.77 9.216 564 85.64
15.500-15.999 49 7,111,665.99 2.28 360 39.67 9.797 546 77.81
16.000-16.499 15 1,879,240.54 0.60 355 38.66 10.226 549 76.22
16.500-16.999 13 2,156,684.86 0.69 360 41.43 10.814 533 67.13
17.000-17.499 6 867,512.80 0.28 360 44.86 11.306 512 66.62
17.500-17.999 2 394,110.28 0.13 359 41.52 11.733 518 69.53
18.000-18.499 1 170,000.00 0.05 360 37.00 12.225 509 48.57
------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,696 $311,921,209.64 100.00 360 39.53 7.564 603 84.70
------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF % OF
ADJUSTABLE RATE PRINCIPAL REMAINING
MORTGAGE LOANS BALANCE TERM TO DEBT-TO- MORTGAGE
RANGE OF MINIMUM NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
MORTGAGE RATES (%) MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------
5.500-5.999 12 $ 2,334,415.89 0.75 360 37.32 5.873 626 78.12
6.000-6.499 183 38,796,595.46 12.44 360 40.48 6.274 625 82.22
6.500-6.999 292 60,363,992.75 19.35 360 39.07 6.767 618 82.53
7.000-7.499 275 53,971,809.47 17.30 359 39.09 7.228 612 85.37
7.500-7.999 368 67,225,147.21 21.55 360 39.50 7.749 599 86.76
8.000-8.499 205 36,199,991.35 11.61 360 38.88 8.223 596 88.38
8.500-8.999 210 32,051,048.49 10.28 360 40.65 8.705 581 86.51
9.000-9.499 65 8,398,994.54 2.69 360 39.77 9.216 564 85.64
9.500-9.999 49 7,111,665.99 2.28 360 39.67 9.797 546 77.81
10.000-10.499 15 1,879,240.54 0.60 355 38.66 10.226 549 76.22
10.500-10.999 13 2,156,684.86 0.69 360 41.43 10.814 533 67.13
11.000-11.499 6 867,512.80 0.28 360 44.86 11.306 512 66.62
11.500-11.999 2 394,110.28 0.13 359 41.52 11.733 518 69.53
12.000-12.499 1 170,000.00 0.05 360 37.00 12.225 509 48.57
------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,696 $311,921,209.64 100.00 360 39.53 7.564 603 84.70
------------------------------------------------------------------------------------------------------------------------------
MARGINS OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF % OF
ADJUSTABLE RATE PRINCIPAL REMAINING
MORTGAGE LOANS BALANCE TERM TO DEBT-TO- MORTGAGE
RANGE OF MORTGAGE NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
MARGINS (%) MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------
5.000-5.249 22 $ 4,247,528.29 1.36 360 44.05 8.014 616 89.36
5.500-5.749 132 27,424,401.92 8.79 360 39.14 7.732 598 83.25
6.000-6.249 1,484 270,180,825.19 86.62 360 39.46 7.475 605 85.20
6.500-6.749 19 3,311,030.89 1.06 359 38.93 8.437 571 82.07
7.000-7.249 39 6,757,423.35 2.17 360 41.68 9.725 542 69.12
------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,696 $311,921,209.64 100.00 360 39.53 7.564 603 84.70
------------------------------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF % OF
ADJUSTABLE RATE PRINCIPAL REMAINING
MORTGAGE LOANS BALANCE TERM TO DEBT-TO- MORTGAGE
NEXT RATE ADJUSTMENT NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
DATE MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------
2006-06 3 $ 670,037.76 0.21 354 22.76 6.881 607 85.01
2006-07 3 427,382.37 0.14 355 38.28 7.865 579 90.00
2006-08 1 262,685.63 0.08 356 42.00 7.450 584 85.00
2006-09 15 3,315,918.76 1.06 357 40.47 8.224 607 90.68
2006-10 25 5,407,707.12 1.73 358 41.10 7.661 607 87.72
2006-11 164 31,595,711.41 10.13 359 40.28 7.715 593 82.04
2006-12 1,032 190,956,438.76 61.22 360 39.45 7.566 600 84.55
2007-09 4 788,438.22 0.25 357 39.32 7.425 590 85.95
2007-10 11 2,355,826.95 0.76 358 43.57 7.335 614 86.92
2007-11 36 6,436,488.66 2.06 359 41.41 7.790 614 86.63
2007-12 402 69,704,574.00 22.35 360 39.10 7.446 614 85.51
------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,696 $311,921,209.64 100.00 360 39.53 7.564 603 84.70
------------------------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF % OF
ADJUSTABLE RATE PRINCIPAL REMAINING
MORTGAGE LOANS BALANCE TERM TO DEBT-TO- MORTGAGE
INITIAL PERIODIC RATE NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
CAP (%) MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------
2.000 1,696 $311,921,209.64 100.00 360 39.53 7.564 603 84.70
------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,696 $311,921,209.64 100.00 360 39.53 7.564 603 84.70
------------------------------------------------------------------------------------------------------------------------------
SUBSEQUENT PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF % OF
ADJUSTABLE RATE PRINCIPAL REMAINING
MORTGAGE LOANS BALANCE TERM TO DEBT-TO- MORTGAGE
SUBSEQUENT PERIODIC NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
RATE CAP (%) MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------
1.000 1,696 $311,921,209.64 100.00 360 39.53 7.564 603 84.70
------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,696 $311,921,209.64 100.00 360 39.53 7.564 603 84.70
------------------------------------------------------------------------------------------------------------------------------
GROUP I MORTGAGE LOAN STATISTICS
The Group I Mortgage Loans consist of 1,901 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $293,017,913.56, 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
Collateral Selection Date, and subject to a permitted variance of plus or minus
5%. None of the Group I Mortgage Loans had a first Due Date prior to June 1,
2004, or after January 1, 2005, or will have a remaining term to stated maturity
of less than 178 months or greater than 360 months as of the Cut-off Date. The
latest maturity date of any Group I Mortgage Loan is December 1, 2034.
COLLATERAL TYPE
------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
COLLATERAL TYPE MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------
2 YEAR ARMS 1,035 $173,184,730.00 59.10 360 39.40 7.651 598 84.39
3 YEAR ARMS 391 61,135,675.21 20.86 360 39.41 7.514 615 85.45
FIXED 475 58,697,508.35 20.03 347 38.87 7.172 621 79.32
------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,901 $293,017,913.56 100.00 357 39.30 7.527 606 83.59
------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
-------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
RANGE OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
PRINCIPAL BALANCES NUMBER OF AS OF AS OF MATURITY INCOME RATES
AT ORIGINATION ($) MORTGAGE LOANS ORIGINATION ORIGINATION (MONTHS)* (%)* (%)* FICO* OLTV (%)*
-------------------------------------------------------------------------------------------------------------------------------
50,000.01-100,000.00 528 $ 42,117,853.00 14.37 348 36.95 7.843 603 81.61
100,000.01-150,000.00 565 69,817,189.00 23.82 356 38.01 7.659 605 83.99
150,000.01-200,000.00 356 61,878,600.00 21.11 359 39.33 7.584 602 83.90
200,000.01-250,000.00 200 44,789,720.00 15.28 359 40.33 7.406 606 83.35
250,000.01-300,000.00 168 46,257,616.00 15.78 360 41.60 7.272 608 83.27
300,000.01-350,000.00 62 19,712,775.00 6.73 360 41.74 7.047 617 85.10
350,000.01-400,000.00 14 5,102,680.00 1.74 360 34.35 7.419 645 90.52
400,000.01-450,000.00 8 3,390,600.00 1.16 360 42.73 7.854 627 82.98
-------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,901 $293,067,033.00 100.00 357 39.30 7.527 606 83.59
-------------------------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
----------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
RANGE OF PRINCIPAL BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
BALANCES AS OF THE NUMBER OF AS OF THE AS OF THE MATURITY INCOME RATES
CUT-OFF DATE ($) MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------------
50,000.01-100,000.00 528 $ 42,107,983.85 14.37 348 36.94 7.843 603 81.61
100,000.01-150,000.00 565 69,805,176.27 23.82 356 38.01 7.659 605 83.99
150,000.01-200,000.00 356 61,872,253.34 21.12 359 39.33 7.584 602 83.90
200,000.01-250,000.00 200 44,781,963.98 15.28 359 40.33 7.406 606 83.35
250,000.01-300,000.00 168 46,249,766.42 15.78 360 41.60 7.272 608 83.27
300,000.01-350,000.00 62 19,708,755.55 6.73 360 41.74 7.047 617 85.10
350,000.01-400,000.00 14 5,102,200.91 1.74 360 34.35 7.419 645 90.52
400,000.01-450,000.00 8 3,389,813.22 1.16 360 42.73 7.854 627 82.98
----------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,901 $293,017,913.56 100.00 357 39.30 7.527 606 83.59
----------------------------------------------------------------------------------------------------------------------------
STATED REMAINING TERM TO MATURITY
---------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
RANGE OF MONTHS MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
REMAINING LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------------------------
121-180 38 $ 3,114,439.01 1.06 180 36.51 7.412 607 75.95
181-240 19 2,124,588.00 0.73 240 40.11 7.072 636 77.29
301-360 1,844 287,778,886.55 98.21 360 39.32 7.531 606 83.72
---------------------------------------------------------------------------------------------------------------------
TOTAL: 1,901 $293,017,913.56 100.00 357 39.30 7.527 606 83.59
---------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
---------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
RANGE OF CURRENT MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------------------------
5.500-5.999 44 $ 7,570,143.55 2.58 353 41.23 5.881 648 74.40
6.000-6.499 205 37,210,661.21 12.70 357 39.51 6.275 629 80.86
6.500-6.999 335 56,633,758.84 19.33 356 39.10 6.764 625 81.82
7.000-7.499 304 48,056,039.17 16.40 357 38.76 7.240 614 83.66
7.500-7.999 408 62,483,072.52 21.32 358 39.25 7.747 600 85.81
8.000-8.499 222 30,874,045.82 10.54 357 38.44 8.214 590 86.95
8.500-8.999 220 29,341,481.33 10.01 357 40.71 8.696 584 86.80
9.000-9.499 73 8,987,628.80 3.07 358 38.41 9.217 562 84.88
9.500-9.999 54 6,779,448.79 2.31 358 39.73 9.771 562 81.86
10.000-10.499 18 2,159,440.58 0.74 355 38.59 10.208 549 76.99
10.500-10.999 11 1,690,819.86 0.58 360 41.62 10.823 530 65.76
11.000-11.499 4 667,262.80 0.23 360 46.66 11.307 514 64.97
11.500-11.999 2 394,110.28 0.13 359 41.52 11.733 518 69.53
12.000-12.499 1 170,000.00 0.06 360 37.00 12.225 509 48.57
---------------------------------------------------------------------------------------------------------------------
TOTAL: 1,901 $293,017,913.56 100.00 357 39.30 7.527 606 83.59
---------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
---------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
RANGE OF ORIGINAL NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
LOAN-TO-VALUE RATIOS MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
(%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------------------------------
<=25.00 2 $ 180,000.00 0.06 360 30.00 6.697 591 24.93
25.01-30.00 3 288,500.00 0.10 360 37.92 7.602 584 26.61
30.01-35.00 4 399,491.92 0.14 315 36.78 7.150 606 32.80
35.01-40.00 8 758,926.86 0.26 344 34.70 7.047 565 38.17
40.01-45.00 7 659,250.00 0.22 348 40.20 7.608 567 42.64
45.01-50.00 23 2,991,850.33 1.02 348 40.90 7.710 585 48.43
50.01-55.00 17 2,350,345.84 0.80 351 38.71 7.406 607 52.57
55.01-60.00 39 5,550,106.29 1.89 355 39.48 7.568 568 58.20
60.01-65.00 56 8,963,520.05 3.06 355 41.02 7.426 565 63.55
65.01-70.00 86 14,424,494.63 4.92 356 39.90 7.586 578 68.52
70.01-75.00 121 18,703,390.21 6.38 356 38.02 7.676 572 74.25
75.01-80.00 394 62,311,745.75 21.27 357 39.52 7.204 619 79.61
80.01-85.00 244 33,977,746.59 11.60 356 40.22 7.437 582 84.41
85.01-90.00 478 72,496,691.35 24.74 358 38.49 7.664 607 89.76
90.01-95.00 419 68,961,853.74 23.54 358 39.52 7.680 631 94.80
---------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,901 $ 293,017,913.56 100.00 357 39.30 7.527 606 83.59
---------------------------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
---------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
RANGE OF MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
FICO SCORES LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------------------------
500-519 95 $ 15,197,932.14 5.19 359 43.66 8.460 509 74.24
▇▇▇-▇▇▇ ▇▇▇ 25,752,422.08 8.79 358 41.57 8.161 530 77.55
▇▇▇-▇▇▇ ▇▇▇ 25,495,102.63 8.70 357 39.68 7.926 550 79.27
▇▇▇-▇▇▇ ▇▇▇ 27,443,871.70 9.37 357 40.03 7.655 569 81.22
▇▇▇-▇▇▇ ▇▇▇ 36,239,067.26 12.37 357 39.89 7.671 589 85.92
▇▇▇-▇▇▇ ▇▇▇ 42,949,958.16 14.66 355 39.36 7.403 609 86.78
▇▇▇-▇▇▇ ▇▇▇ 39,343,371.14 13.43 358 38.91 7.227 629 85.74
▇▇▇-▇▇▇ ▇▇▇ 33,782,700.73 11.53 357 37.25 7.240 650 86.17
▇▇▇-▇▇▇ ▇▇▇ 19,252,920.75 6.57 359 38.39 7.106 669 84.72
680-699 84 13,483,291.72 4.60 355 37.46 7.084 688 87.61
700-719 42 6,283,095.34 2.14 354 35.26 7.045 710 84.29
720-739 25 4,327,385.91 1.48 357 38.05 6.718 729 81.26
740-759 13 2,330,244.00 0.80 351 37.01 7.003 745 87.14
760-779 4 742,300.00 0.25 360 27.92 6.825 765 79.98
780-799 1 394,250.00 0.13 360 22.00 6.650 781 95.00
---------------------------------------------------------------------------------------------------------------------
TOTAL: 1,901 $ 293,017,913.56 100.00 357 39.30 7.527 606 83.59
---------------------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
---------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
DEBT-TO-INCOME MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
RATIOS (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------------------------
<=20.00 87 $ 11,020,126.64 3.76 357 14.53 7.710 625 84.46
20.01-25.00 97 12,782,292.91 4.36 352 23.30 7.514 625 82.70
25.01-30.00 198 27,722,612.22 9.46 357 28.28 7.489 618 83.93
30.01-35.00 236 34,045,605.34 11.62 357 33.06 7.399 609 83.16
35.01-40.00 334 51,944,123.87 17.73 357 38.15 7.574 610 82.75
40.01-45.00 437 69,757,539.87 23.81 359 43.02 7.470 609 84.45
45.01-50.00 463 77,496,239.24 26.45 358 48.10 7.560 596 85.15
50.01-55.00 49 8,249,373.46 2.82 350 53.04 7.822 550 67.93
---------------------------------------------------------------------------------------------------------------------
TOTAL: 1,901 $293,017,913.56 100.00 357 39.30 7.527 606 83.59
---------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
---------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
STATE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------------------------
California 339 $ 67,998,723.78 23.21 357 40.47 7.129 596 77.03
Florida 256 40,302,195.60 13.75 358 39.59 7.544 617 86.62
New York 114 26,750,542.75 9.13 358 39.41 7.328 618 83.72
Arizona 109 13,703,024.16 4.68 356 35.49 7.674 619 87.72
Maryland 80 13,403,889.74 4.57 358 40.07 7.401 610 82.99
Michigan 105 12,544,056.01 4.28 359 38.82 7.881 584 87.37
Illinois 86 11,929,834.07 4.07 353 40.95 7.789 604 83.48
Texas 113 11,716,016.44 4.00 347 39.33 7.985 599 83.73
Georgia 75 10,782,331.82 3.68 358 40.78 7.798 613 86.51
Wisconsin 57 7,170,075.40 2.45 358 40.98 7.781 605 86.15
Nevada 43 6,995,506.09 2.39 360 40.08 7.913 603 80.89
Massachusetts 26 5,987,474.03 2.04 360 36.90 7.339 617 82.08
Washington 32 5,697,730.34 1.94 360 37.60 7.387 618 85.63
Colorado 29 5,328,180.29 1.82 358 37.73 7.368 607 88.82
Indiana 53 5,079,383.91 1.73 357 35.18 7.766 617 88.62
Missouri 41 4,741,483.53 1.62 360 38.80 8.039 594 87.79
Minnesota 27 4,417,963.22 1.51 357 38.75 7.426 602 86.44
Pennsylvania 37 4,031,695.60 1.38 358 38.37 7.847 599 87.13
Conecticut 21 3,853,677.32 1.32 360 39.12 8.077 634 88.38
North Carolina 37 3,525,622.24 1.20 354 38.69 7.964 609 86.26
Other 221 27,058,507.20 9.23 355 38.00 7.732 602 85.94
---------------------------------------------------------------------------------------------------------------------
TOTAL: 1,901 $293,017,913.56 100.00 357 39.30 7.527 606 83.59
---------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
-------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
OCCUPATION MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
STATUS* LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------
Owner Occupied 1,691 $264,631,269.86 90.31 357 39.94 7.484 602 83.45
Non-owner Occupied 191 25,670,467.07 8.76 359 32.51 8.028 642 85.32
Second Home 19 2,716,176.63 0.93 356 40.95 6.965 652 81.01
-------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,901 $293,017,913.56 100.00 357 39.30 7.527 606 83.59
-------------------------------------------------------------------------------------------------------------------------
*Based on mortgagor representation at origination.
DOCUMENTATION TYPE
---------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
INCOME MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
DOCUMENTATION LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------------------------
FullDocs 1,098 $159,232,831.05 54.34 356 40.03 7.403 589 82.80
StatedDocs 704 117,942,901.74 40.25 359 38.81 7.704 630 84.34
LimitedDocs 99 15,842,180.77 5.41 356 35.55 7.457 606 86.02
---------------------------------------------------------------------------------------------------------------------
Total: 1,901 $293,017,913.56 100.00 357 39.30 7.527 606 83.59
---------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
--------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
PURPOSE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
--------------------------------------------------------------------------------------------------------------------------
Refi-Cash Out ** 1,125 $178,064,325.07 60.77 356 40.06 7.446 593 81.23
Purchase 663 100,764,032.47 34.39 359 37.93 7.662 631 87.71
Refi-No Cashout *** 113 14,189,556.02 4.84 353 39.48 7.579 596 84.05
--------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,901 $293,017,913.56 100.00 357 39.30 7.527 606 83.59
--------------------------------------------------------------------------------------------------------------------------
** Cash proceeds to the borrower inclusive of debt consolidation
payments exceed 2% or $2000 of the original principal balance of the
related loan. Also includes all home equity loans originated in Texas
with any cash proceeds.
*** Cash proceeds to the borrower inclusive of debt consolidation
payments do not exceed 2% or $2000 of the original principal balance of
the related loan. Excludes home equity loans originated in Texas with
any cash proceeds.
CREDIT GRADE
---------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
RISK MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
CATEGORY LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------------------------
1 1,256 $193,893,301.53 66.17 357 38.99 7.337 623 85.73
2 132 21,011,785.62 7.17 355 40.79 7.646 580 83.52
3 161 22,776,601.22 7.77 357 39.17 7.532 572 80.39
4 100 13,927,343.31 4.75 356 40.89 7.926 567 80.01
5 61 10,729,981.76 3.66 360 37.12 7.694 557 72.12
6 20 2,800,563.69 0.96 360 44.53 9.495 560 66.44
A+ 74 11,085,849.13 3.78 356 38.40 8.016 606 83.77
A 39 6,520,231.67 2.23 358 39.98 7.477 601 78.06
A- 16 2,791,859.10 0.95 353 41.07 8.067 557 83.69
B 12 2,672,877.00 0.91 359 42.68 8.890 563 78.14
C 16 2,742,003.97 0.94 360 40.72 9.235 553 73.04
C- 14 2,065,515.56 0.70 360 41.73 10.634 528 63.58
---------------------------------------------------------------------------------------------------------------------
TOTAL: 1,901 $293,017,913.56 100.00 357 39.30 7.527 606 83.59
---------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
----------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
PROPERTY TYPE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------------
Single Family 1,335 $200,970,938.81 68.59 357 39.42 7.477 603 83.51
Detached
PUD Detached 197 34,169,929.04 11.66 357 40.64 7.679 597 84.78
Two-to-Four Family 163 31,060,119.54 10.60 358 38.09 7.653 626 83.71
Condominium 130 19,098,124.25 6.52 358 38.66 7.567 626 83.61
Manufactured/Mobile
Housing 71 6,946,471.53 2.37 350 37.27 7.516 612 79.04
PUD-Attached 5 772,330.39 0.26 360 30.14 7.646 619 89.39
----------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,901 $293,017,913.56 100.00 357 39.30 7.527 606 83.59
----------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM
--------------------------------------------------------------------------------------------------------------------
% OF
PREPAYMENT PRINCIPAL PRINCIPAL REMAINING
CHARGE TERM AT NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
ORIGINATION MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
(MOS.) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
--------------------------------------------------------------------------------------------------------------------
0 583 $ 88,494,358.65 30.20 356 39.54 7.591 611 83.93
12 70 12,322,914.34 4.21 358 39.91 7.588 622 81.66
24 643 105,366,541.52 35.96 360 39.26 7.708 596 83.55
36 605 86,834,099.04 29.63 354 39.02 7.233 611 83.58
--------------------------------------------------------------------------------------------------------------------
TOTAL: 1,901 $293,017,913.56 100.00 357 39.30 7.527 606 83.59
--------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
---------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
CONFORMING BALANCE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------------------------------
Conforming Balance 1,901 $293,017,913.56 100.00 357 39.30 7.527 606 83.59
---------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,901 $293,017,913.56 100.00 357 39.30 7.527 606 83.59
---------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
RANGE OF ADJUSTABLE ADJUSTABLE REMAINING
MAXIMUM NUMBER OF RATE MORTGAGE RATE MORTGAGE TERM TO DEBT-TO- MORTGAGE
MORTGAGE MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY INCOME RATES OLTV
RATES (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
11.500-11.999 9 $ 1,453,765.89 0.62 360 37.15 5.868 656 80.45
12.000-12.499 146 28,286,079.41 12.07 360 40.05 6.281 626 81.77
12.500-12.999 233 41,743,576.58 17.81 360 38.92 6.768 622 82.15
13.000-13.499 229 39,028,690.61 16.66 359 38.59 7.242 614 85.41
13.500-13.999 316 53,092,053.37 22.66 360 39.53 7.752 598 86.57
14.000-14.499 175 26,735,981.16 11.41 360 38.67 8.214 590 87.81
14.500-14.999 186 26,347,349.20 11.24 360 41.07 8.699 582 87.09
15.000-15.499 60 7,717,490.95 3.29 360 39.11 9.213 562 85.22
15.500-15.999 40 5,232,634.52 2.23 360 39.76 9.766 554 81.72
16.000-16.499 14 1,760,590.58 0.75 354 38.36 10.224 548 74.96
16.500-16.999 11 1,690,819.86 0.72 360 41.62 10.823 530 65.76
17.000-17.499 4 667,262.80 0.28 360 46.66 11.307 514 64.97
17.500-17.999 2 394,110.28 0.17 359 41.52 11.733 518 69.53
18.000-18.499 1 170,000.00 0.07 360 37.00 12.225 509 48.57
-----------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,426 $234,320,405.21 100.00 360 39.41 7.616 602 84.66
-----------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
--------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING
NUMBER OF RATE MORTGAGE RATE MORTGAGE TERM TO DEBT-TO- MORTGAGE
RANGE OF MINIMUM MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY INCOME RATES OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
--------------------------------------------------------------------------------------------------------------------------------
5.500-5.999 9 $ 1,453,765.89 0.62 360 37.15 5.868 656 80.45
6.000-6.499 146 28,286,079.41 12.07 360 40.05 6.281 626 81.77
6.500-6.999 233 41,743,576.58 17.81 360 38.92 6.768 622 82.15
7.000-7.499 229 39,028,690.61 16.66 359 38.59 7.242 614 85.41
7.500-7.999 316 53,092,053.37 22.66 360 39.53 7.752 598 86.57
8.000-8.499 175 26,735,981.16 11.41 360 38.67 8.214 590 87.81
8.500-8.999 186 26,347,349.20 11.24 360 41.07 8.699 582 87.09
9.000-9.499 60 7,717,490.95 3.29 360 39.11 9.213 562 85.22
9.500-9.999 40 5,232,634.52 2.23 360 39.76 9.766 554 81.72
10.000-10.499 14 1,760,590.58 0.75 354 38.36 10.224 548 74.96
10.500-10.999 11 1,690,819.86 0.72 360 41.62 10.823 530 65.76
11.000-11.499 4 667,262.80 0.28 360 46.66 11.307 514 64.97
11.500-11.999 2 394,110.28 0.17 359 41.52 11.733 518 69.53
12.000-12.499 1 170,000.00 0.07 360 37.00 12.225 509 48.57
--------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,426 $234,320,405.21 100.00 360 39.41 7.616 602 84.66
--------------------------------------------------------------------------------------------------------------------------------
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING
RANGE OF NUMBER OF RATE MORTGAGE RATE MORTGAGE TERM TO DEBT-TO- MORTGAGE
GROSS MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY INCOME RATES OLTV
MARGINS (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------------
5.000-5.249 19 $ 3,303,028.29 1.41 360 44.24 7.909 627 90.33
5.500-5.749 105 17,859,110.35 7.62 360 39.36 7.905 595 82.50
6.000-6.249 1,253 204,450,247.88 87.25 360 39.28 7.517 605 85.21
6.500-6.749 17 3,090,830.89 1.32 359 39.18 8.495 571 82.44
7.000-7.249 32 5,617,187.80 2.40 360 41.55 9.620 544 69.74
----------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,426 $234,320,405.21 100.00 360 39.41 7.616 602 84.66
----------------------------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING
NEXT RATE NUMBER OF RATE MORTGAGE RATE MORTGAGE TERM TO DEBT-TO- MORTGAGE
ADJUSTMENT MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY INCOME RATES OLTV
DATE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------
2006-06 2 $ 335,975.70 0.14 354 40.43 7.508 560 90.00
2006-07 3 427,382.37 0.18 355 38.28 7.865 579 90.00
2006-08 1 262,685.63 0.11 356 42.00 7.450 584 85.00
2006-09 10 1,460,115.30 0.62 357 39.85 8.362 568 90.33
2006-10 19 2,999,269.15 1.28 358 39.22 7.999 583 85.03
2006-11 131 22,974,990.88 9.80 359 40.48 7.768 591 82.41
2006-12 869 144,724,310.97 61.76 360 39.23 7.618 600 84.60
2007-09 3 361,997.71 0.15 357 38.52 7.938 562 75.28
2007-10 9 1,346,798.39 0.57 358 45.49 7.585 587 84.62
2007-11 31 4,819,055.12 2.06 359 40.98 7.857 605 86.71
2007-12 348 54,607,824.00 23.30 360 39.13 7.479 617 85.43
------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,426 $234,320,405.21 100.00 360 39.41 7.616 602 84.66
------------------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING
NUMBER OF RATE MORTGAGE RATE MORTGAGE TERM TO DEBT-TO- MORTGAGE
INITIAL PERIODIC MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY INCOME RATES OLTV
RATE CAP (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
2.000 1,426 $234,320,405.21 100.00 360 39.41 7.616 602 84.66
-----------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,426 $234,320,405.21 100.00 360 39.41 7.616 602 84.66
-----------------------------------------------------------------------------------------------------------------------------
SUBSEQUENT PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
-------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING
SUBSEQUENT NUMBER OF RATE MORTGAGE RATE MORTGAGE TERM TO DEBT-TO- MORTGAGE
PERIODIC MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY INCOME RATES OLTV
RATE CAP (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------
1.000 1,426 $234,320,405.21 100.00 360 39.41 7.616 602 84.66
-------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,426 $234,320,405.21 100.00 360 39.41 7.616 602 84.66
-------------------------------------------------------------------------------------------------------------------------
GROUP II MORTGAGE LOAN STATISTICS
The Group II Mortgage Loans consist of 424 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $106,983,278.75, after application of scheduled
payments due on or before the Cut-off Date whether or not received and
application of all unscheduled payments of principal received prior to the
Cut-off Date. None of the Group II Mortgage Loans had a first Due Date prior to
July 1, 2004 or after January 1, 2005, or will have a remaining term to stated
maturity of less than 180 months or greater than 360 months as of the Cut-off
Date. The latest maturity date of any Group II Mortgage Loan is December 1,
2034.
COLLATERAL TYPE
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------
2 YEAR ARMS 208 $ 59,451,151.81 55.57 360 40.06 7.436 602 84.36
3 YEAR ARMS 62 18,149,652.61 16.96 360 39.45 7.322 612 86.32
FIXED 154 29,382,474.32 27.46 356 39.47 6.955 626 79.26
----------------------------------------------------------------------------------------------------------------------
TOTAL: 424 $106,983,278.75 100.00 359 39.79 7.285 610 83.29
----------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
--------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
PRINCIPAL BALANCES MORTGAGE AS OF AS OF MATURITY INCOME RATES OLTV
AT ORIGINATION ($) LOANS ORIGINATION ORIGINATION (MONTHS)* (%)* (%)* FICO* (%)*
--------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 128 $ 9,805,665.00 9.16 352 36.27 7.628 606 80.70
100,000.01 - 150,000.00 58 7,136,090.00 6.67 352 37.15 7.563 603 79.51
150,000.01 - 200,000.00 36 6,268,066.00 5.86 360 37.25 7.467 600 80.58
200,000.01 - 250,000.00 6 1,315,500.00 1.23 360 47.17 7.196 595 79.29
250,000.01 - 300,000.00 8 2,208,250.00 2.06 359 42.98 6.677 595 84.59
300,000.01 - 350,000.00 21 7,172,175.00 6.70 359 38.36 7.274 612 83.62
350,000.01 - 400,000.00 76 28,333,115.00 26.48 360 42.08 7.216 606 83.92
400,000.01 - 450,000.00 39 16,429,080.00 15.35 360 43.49 7.342 622 85.89
450,000.01 - 500,000.00 25 11,994,895.00 11.21 360 37.82 7.294 639 86.19
500,000.01 - 550,000.00 11 5,859,313.00 5.48 360 37.73 6.694 596 82.28
550,000.01 - 600,000.00 5 2,882,400.00 2.69 360 32.23 7.466 606 85.63
600,000.01 - 650,000.00 4 2,567,500.00 2.40 360 35.50 6.940 655 88.17
650,000.01 - 700,000.00 2 1,358,000.00 1.27 359 19.52 6.840 541 72.30
700,000.01 - 750,000.00 5 3,677,000.00 3.44 360 48.85 7.383 568 76.76
--------------------------------------------------------------------------------------------------------------------------------
TOTAL: 424 $107,007,049.00 100.00 359 39.79 7.285 610 83.29
--------------------------------------------------------------------------------------------------------------------------------
*Based on the original balances of the Mortgage Loans.
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
-------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
RANGE OF PRINCIPAL NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
BALANCES AS OF THE MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
CUT-OFF DATE ($) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 128 $ 9,804,100.90 9.16% 352 36.27 7.628 606 80.69
100,000.01 - 150,000.00 58 7,135,111.73 6.67 352 37.15 7.563 603 79.51
150,000.01 - 200,000.00 36 6,267,349.45 5.86 360 37.25 7.467 600 80.58
200,000.01 - 250,000.00 6 1,315,500.00 1.23 360 47.17 7.196 595 79.29
250,000.01 - 300,000.00 8 2,206,975.51 2.06 359 42.98 6.677 595 84.59
300,000.01 - 350,000.00 21 7,168,735.49 6.70 359 38.37 7.274 612 83.62
350,000.01 - 400,000.00 76 28,328,325.76 26.48 360 42.08 7.216 606 83.92
400,000.01 - 450,000.00 39 16,423,240.84 15.35 360 43.49 7.342 622 85.89
450,000.01 - 500,000.00 25 11,993,185.07 11.21 360 37.81 7.294 639 86.19
500,000.01 - 550,000.00 11 5,858,893.01 5.48 360 37.73 6.694 596 82.28
550,000.01 - 600,000.00 5 2,881,522.28 2.69 360 32.23 7.466 606 85.63
600,000.01 - 650,000.00 4 2,566,394.88 2.40 360 35.51 6.940 655 88.17
650,000.01 - 700,000.00 2 1,357,448.08 1.27 359 19.52 6.840 541 72.29
700,000.01 - 750,000.00 5 3,676,495.74 3.44 360 48.85 7.383 568 76.76
-------------------------------------------------------------------------------------------------------------------------------
TOTAL: 424 $106,983,278.75 100.00% 359 39.79 7.285 610 83.29
-------------------------------------------------------------------------------------------------------------------------------
STATED REMAINING TERM TO MATURITY
---------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
RANGE OF MONTHS MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
REMAINING LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------------------------
120 - 180 4 $ 360,100.00 0.34 180 45.30 7.010 606 83.90
181 - 240 5 507,180.00 0.47 240 41.03 6.889 601 61.39
300 - 360 415 106,115,998.75 99.19 360 39.77 7.288 610 83.40
---------------------------------------------------------------------------------------------------------------------
TOTAL: 424 $106,983,278.75 100.00 359 39.79 7.285 610 83.29
---------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
RANGE OF CURRENT MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 14 $ 3,352,650.51 3.13 360 40.90 5.912 655 74.49
6.000 - 6.499 64 18,284,492.13 17.09 358 41.82 6.257 631 80.27
6.500 - 6.999 96 27,046,652.07 25.28 358 39.62 6.775 610 82.30
7.000 - 7.499 73 18,989,426.30 17.75 357 39.14 7.197 614 84.26
7.500 - 7.999 71 17,380,494.61 16.25 359 39.57 7.727 603 86.65
8.000 - 8.499 43 10,992,052.37 10.27 360 39.42 8.254 610 88.84
8.500 - 8.999 38 6,957,007.38 6.50 360 37.23 8.738 579 84.58
9.000 - 9.499 9 1,085,234.71 1.01 359 42.09 9.195 606 88.42
9.500 - 9.999 10 2,026,531.47 1.89 360 39.33 9.854 529 66.67
10.000 - 10.499 1 118,649.96 0.11 358 43.00 10.250 558 95.00
10.500 - 10.999 2 465,865.00 0.44 360 40.72 10.783 542 72.09
11.000 - 11.499 3 284,222.25 0.27 360 38.89 11.315 505 72.97
----------------------------------------------------------------------------------------------------------------------
TOTAL: 424 $106,983,278.75 100.00 359 39.79 7.285 610 83.29
----------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
---------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
RANGE OF ORIGINAL NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
LOAN-TO-VALUE MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
RATIOS (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------------------------
35.01 - 40.00 1 $ 180,000.00 0.17 360 50.00 8.990 581 39.39
40.01 - 45.00 3 366,565.00 0.34 360 33.65 7.942 608 42.71
45.01 - 50.00 4 880,000.00 0.82 340 39.17 6.381 659 47.54
50.01 - 55.00 8 1,549,058.46 1.45 360 38.19 7.317 615 53.26
55.01 - 60.00 10 1,763,537.80 1.65 360 32.85 6.694 625 57.82
60.01 - 65.00 15 4,316,209.68 4.03 354 35.44 7.450 556 63.20
65.01 - 70.00 20 3,958,503.54 3.70 360 41.97 7.276 587 68.99
70.01 - 75.00 35 8,122,394.65 7.59 359 43.53 7.472 576 74.19
75.01 - 80.00 70 18,424,131.71 17.22 359 38.55 6.862 601 79.52
80.01 - 85.00 72 16,739,192.23 15.65 357 39.35 7.176 602 84.30
85.01 - 90.00 123 32,430,385.76 30.31 359 39.41 7.402 618 89.67
90.01 - 95.00 63 18,253,299.91 17.06 360 41.89 7.551 643 94.73
---------------------------------------------------------------------------------------------------------------------
TOTAL: 424 $106,983,278.75 100.00 359 39.79 7.285 610 83.29
---------------------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
---------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
RANGE OF MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
FICO SCORES LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------------------------
500 - 519 23 $ 4,595,949.45 4.30 360 40.32 8.168 510 76.71
520 - 539 35 7,620,982.95 7.12 360 36.10 7.759 531 74.82
540 - 559 41 10,804,288.32 10.10 357 42.05 7.689 550 81.54
560 - 579 38 11,211,555.09 10.48 360 37.18 7.512 568 82.31
580 - 599 52 12,388,535.07 11.58 356 40.43 7.185 590 81.81
600 - 619 59 15,100,892.87 14.12 359 39.22 7.049 609 85.11
620 - 639 59 14,669,112.01 13.71 360 42.03 7.166 630 86.59
640 - 659 40 10,134,173.07 9.47 359 40.51 7.008 651 86.17
660 - 679 27 6,033,634.85 5.64 356 38.42 7.070 667 83.47
680 - 699 23 6,892,013.54 6.44 360 38.81 7.109 689 88.05
700 - 719 14 4,712,257.53 4.40 359 39.90 7.107 711 85.80
720 - 739 6 1,206,633.75 1.13 360 39.01 6.822 734 80.74
740 - 759 4 1,047,750.25 0.98 359 46.17 6.655 747 90.45
760 - 779 1 116,000.00 0.11 360 45.00 7.150 775 80.00
780 - 799 2 449,500.00 0.42 360 38.98 5.823 784 57.49
---------------------------------------------------------------------------------------------------------------------
TOTAL: 424 $106,983,278.75 100.00 359 39.79 7.285 610 83.29
---------------------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
---------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
RANGE OF DEBT- NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
TO-INCOME MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
RATIOS (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------------------------
<= 20.00 27 $ 5,997,700.63 5.61 359 12.86 7.383 606 79.02
20.01 - 25.00 18 3,377,691.60 3.16 358 23.00 7.693 601 81.59
25.01 - 30.00 31 6,064,103.09 5.67 360 28.10 7.392 617 86.76
30.01 - 35.00 58 12,592,928.18 11.77 359 33.14 7.139 602 81.82
35.01 - 40.00 61 16,473,590.11 15.40 359 38.53 7.459 604 80.66
40.01 - 45.00 113 27,186,723.55 25.41 359 43.05 7.235 612 85.20
45.01 - 50.00 105 32,012,200.84 29.92 357 48.00 7.240 620 85.26
50.01 - 55.00 11 3,278,340.76 3.06 360 52.75 7.014 565 70.31
---------------------------------------------------------------------------------------------------------------------
TOTAL: 424 $106,983,278.75 100.00 359 39.79 7.285 610 83.29
---------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
--------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
STATE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
--------------------------------------------------------------------------------------------------------------------
California 144 $ 50,806,919.08 47.49 359 40.50 7.058 604 81.55
New York 40 16,058,944.35 15.01 359 40.56 7.328 639 88.20
Florida 38 7,514,089.43 7.02 358 40.59 7.269 616 83.55
Maryland 15 4,139,247.33 3.87 360 39.27 7.378 614 86.17
Arizona 23 3,567,848.02 3.33 351 38.08 7.539 609 84.76
Massachusetts 10 3,472,100.00 3.25 360 39.25 7.342 607 79.82
Texas 19 2,409,602.62 2.25 360 37.04 7.600 590 80.39
Illinois 10 2,203,600.25 2.06 360 44.74 7.979 624 88.55
Pennsylvania 15 1,865,003.27 1.74 341 38.77 7.735 574 81.22
Michigan 16 1,636,452.81 1.53 360 34.90 7.997 584 83.88
Indiana 14 1,401,441.71 1.31 359 31.63 7.910 649 89.55
Georgia 8 1,282,992.98 1.20 359 43.06 7.530 597 87.41
Minnesota 6 1,183,500.00 1.11 360 35.40 6.896 578 82.01
Utah 4 1,082,562.06 1.01 358 28.43 6.358 629 68.75
Washington 4 1,022,750.00 0.96 360 35.40 8.885 549 83.11
Nevada 4 989,550.00 0.92 360 37.26 7.504 594 80.35
Colorado 4 880,509.53 0.82 360 37.35 7.217 580 85.88
Tennessee 10 698,452.81 0.65 348 35.52 7.680 627 81.60
Connecticut 2 634,800.00 0.59 360 44.27 8.922 582 80.77
Ohio 4 629,188.63 0.59 357 43.59 8.792 591 92.69
Other 34 3,503,723.87 3.28 359 37.84 7.677 622 83.85
--------------------------------------------------------------------------------------------------------------------
TOTAL: 424 $106,983,278.75 100.00 359 39.79 7.285 610 83.29
--------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
-------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
OCCUPATION STATUS* LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------
Owner Occupied 369 $ 98,801,635.88 92.35 359 40.31 7.241 606 83.01
Non-owner Occupied 51 7,117,911.89 6.65 358 32.66 7.870 656 86.48
Second Home 4 1,063,730.98 0.99 352 39.75 7.391 710 87.78
-------------------------------------------------------------------------------------------------------------------------
TOTAL: 424 $106,983,278.75 100.00 359 39.79 7.285 610 83.29
-------------------------------------------------------------------------------------------------------------------------
*Based on mortgagor representation at origination.
DOCUMENTATION TYPE
---------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
INCOME MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
DOCUMENTATION LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------------------------
Full Docs 239 $ 52,961,648.35 49.50 358 39.18 7.123 600 82.36
Stated Docs 157 45,503,524.14 42.53 359 41.06 7.519 626 84.46
Limited Docs 28 8,518,106.25 7.96 360 36.87 7.042 590 82.86
---------------------------------------------------------------------------------------------------------------------
TOTAL: 424 $106,983,278.75 100.00 359 39.79 7.285 610 83.29
---------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
PURPOSE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------
Refi-Cash Out ** 295 $ 72,286,171.10 67.57 358 39.70 7.237 598 81.09
Purchase 109 30,521,607.65 28.53 360 39.86 7.351 643 88.15
Refi-No Cashout *** 20 4,175,500.00 3.90 357 40.88 7.626 579 85.89
------------------------------------------------------------------------------------------------------------------------
TOTAL: 424 $106,983,278.75 100.00 359 39.79 7.285 610 83.29
------------------------------------------------------------------------------------------------------------------------
** Cash proceeds to the borrower inclusive of debt consolidation
payments exceed 2% or $2000 of the original principal balance of the
related loan. Also includes all home equity loans originated in Texas
with any cash proceeds.
*** Cash proceeds to the borrower inclusive of debt consolidation
payments do not exceed 2% or $2000 of the original principal balance of
the related loan. Excludes home equity loans originated in Texas with
any cash proceeds.
CREDIT GRADE
---------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
RISK MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
CATEGORY LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------------------------
1 268 $ 65,709,916.49 61.42 358 40.25 7.171 626 85.41
2 34 9,445,347.33 8.83 360 38.37 7.260 595 82.35
3 40 9,505,715.03 8.89 360 37.26 7.297 580 82.84
4 19 4,705,670.05 4.40 360 39.01 7.176 577 76.96
5 16 4,308,273.07 4.03 360 44.38 7.960 553 71.24
6 7 1,151,856.90 1.08 360 43.40 8.702 557 63.39
A+ 16 5,976,172.67 5.59 360 39.94 7.106 609 84.96
A 9 2,149,124.64 2.01 360 42.00 6.938 651 82.80
A- 2 727,942.70 0.68 360 36.12 7.346 572 76.07
B 3 664,815.05 0.62 359 42.24 8.028 530 79.37
C 1 84,750.00 0.08 360 40.00 11.300 503 75.00
C- 9 2,553,694.82 2.39 360 32.95 9.059 547 74.80
---------------------------------------------------------------------------------------------------------------------
TOTAL: 424 $106,983,278.75 100.00 359 39.79 7.285 610 83.29
---------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
-----------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
PROPERTY TYPE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
Single Family Detached 308 $ 76,384,565.21 71.40 358 39.55 7.256 606 82.77
PUD Detached 46 14,655,910.47 13.70 360 42.41 7.317 600 83.24
2-4 UNITS 33 9,461,643.38 8.84 360 37.19 7.505 635 87.24
Condominium 17 4,415,912.46 4.13 360 41.85 7.198 643 84.51
Manufactured/Mobile Housing 17 1,441,437.80 1.35 360 34.69 7.469 642 78.66
PUD-Attached 3 623,809.42 0.58 359 44.48 6.964 636 90.75
-----------------------------------------------------------------------------------------------------------------------------
TOTAL: 424 $106,983,278.75 100.00 359 39.79 7.285 610 83.29
-----------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM
------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
PREPAYMENT NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
CHARGE TERM AT MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
ORIGINATION (MOS.) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------
0 102 $ 28,621,487.72 26.75 360 39.94 7.535 623 86.73
12 25 8,371,524.11 7.83 358 41.12 7.341 614 80.72
24 140 37,526,629.00 35.08 360 37.98 7.354 600 83.79
36 157 32,463,637.92 30.34 356 41.42 6.969 610 80.35
------------------------------------------------------------------------------------------------------------------------
TOTAL: 424 $106,983,278.75 100.00 359 39.79 7.285 610 83.29
------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
----------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- MORTGAGE
CONFORMING MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES OLTV
BALANCE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------------
Conforming Balance 239 $ 27,856,787.59 26.04 355 37.51 7.452 603 80.79
Non-Conforming Balance 185 79,126,491.16 73.96 360 40.60 7.226 613 84.17
----------------------------------------------------------------------------------------------------------------------------
TOTAL: 424 $106,983,278.75 100.00 359 39.79 7.285 610 83.29
----------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING
NUMBER OF RATE MORTGAGE RATE MORTGAGE TERM TO DEBT-TO- MORTGAGE
RANGE OF MAXIMUM MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY INCOME RATES OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------
11.500 - 11.999 3 $ 880,650.00 1.13 360 37.61 5.881 578 74.27
12.000 - 12.499 37 10,510,516.05 13.54 360 41.64 6.254 621 83.43
12.500 - 12.999 59 18,620,416.18 24.00 360 39.43 6.766 607 83.39
13.000 - 13.499 46 14,943,118.85 19.26 360 40.39 7.191 608 85.26
13.500 - 13.999 52 14,133,093.84 18.21 360 39.38 7.740 604 87.49
14.000 - 14.499 30 9,464,010.19 12.20 360 39.46 8.248 613 90.00
14.500 - 14.999 24 5,703,699.30 7.35 360 38.70 8.732 576 83.84
15.000 - 15.499 5 681,503.59 0.88 358 47.32 9.246 594 90.39
15.500 - 15.999 9 1,879,031.47 2.42 360 39.43 9.882 524 66.91
16.000 - 16.499 1 118,649.96 0.15 358 43.00 10.250 558 95.00
16.500 - 16.999 2 465,865.00 0.60 360 40.72 10.783 542 72.09
17.000 - 17.499 2 200,250.00 0.26 360 38.85 11.300 503 72.12
------------------------------------------------------------------------------------------------------------------------------
TOTAL: 270 $77,600,804.43 100.00 360 39.92 7.409 604 84.82
------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING
NUMBER OF RATE MORTGAGE RATE MORTGAGE TERM TO DEBT-TO- MORTGAGE
RANGE OF MINIMUM MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY INCOME RATES OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 3 $ 880,650.00 1.13 360 37.61 5.881 578 74.27
6.000 - 6.499 37 10,510,516.05 13.54 360 41.64 6.254 621 83.43
6.500 - 6.999 59 18,620,416.18 24.00 360 39.43 6.766 607 83.39
7.000 - 7.499 46 14,943,118.85 19.26 360 40.39 7.191 608 85.26
7.500 - 7.999 52 14,133,093.84 18.21 360 39.38 7.740 604 87.49
8.000 - 8.499 30 9,464,010.19 12.20 360 39.46 8.248 613 90.00
8.500 - 8.999 24 5,703,699.30 7.35 360 38.70 8.732 576 83.84
9.000 - 9.499 5 681,503.59 0.88 358 47.32 9.246 594 90.39
9.500 - 9.999 9 1,879,031.47 2.42 360 39.43 9.882 524 66.91
10.000 - 10.499 1 118,649.96 0.15 358 43.00 10.250 558 95.00
10.500 - 10.999 2 465,865.00 0.60 360 40.72 10.783 542 72.09
11.000 - 11.499 2 200,250.00 0.26 360 38.85 11.300 503 72.12
----------------------------------------------------------------------------------------------------------------------------
TOTAL: 270 $77,600,804.43 100.00 360 39.92 7.409 604 84.82
----------------------------------------------------------------------------------------------------------------------------
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
---------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING
NUMBER OF RATE MORTGAGE RATE MORTGAGE TERM TO DEBT-TO- MORTGAGE
RANGE OF GROSS MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY INCOME RATES OLTV
MARGINS (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------------------------------
5.000 - 5.249 3 $ 944,500.00 1.22 360 43.39 8.384 578 85.97
5.500 - 5.749 27 9,565,291.57 12.33 360 38.73 7.408 604 84.64
6.000 - 6.249 231 65,730,577.30 84.70 360 40.01 7.346 606 85.18
6.500 - 6.749 2 220,200.00 0.28 360 35.48 7.624 571 76.93
7.000 - 7.249 7 1,140,235.55 1.47 360 42.31 10.242 530 66.03
---------------------------------------------------------------------------------------------------------------------------
TOTAL: 270 $77,600,804.43 100.00 360 39.92 7.409 604 84.82
---------------------------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING
NEXT RATE NUMBER OF RATE MORTGAGE RATE MORTGAGE TERM TO DEBT-TO- MORTGAGE
ADJUSTMENT MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY INCOME RATES OLTV
DATE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------
2006-06 1 $ 334,062.06 0.43 354 5.00 6.250 654 80.00
2006-09 5 1,855,803.46 2.39 357 40.97 8.115 637 90.95
2006-10 6 2,408,437.97 3.10 358 43.44 7.239 637 91.08
2006-11 33 8,620,720.53 11.11 359 39.75 7.575 600 81.06
2006-12 163 46,232,127.79 59.58 360 40.15 7.402 598 84.40
2007-09 1 426,440.52 0.55 357 40.00 6.990 614 95.00
2007-10 2 1,009,028.56 1.30 358 41.00 7.000 650 90.00
2007-11 5 1,617,433.53 2.08 359 42.68 7.590 641 86.36
2007-12 54 15,096,750.00 19.45 360 38.99 7.324 606 85.82
----------------------------------------------------------------------------------------------------------------------
TOTAL: 270 $77,600,804.43 100.00 360 39.92 7.409 604 84.82
----------------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING
INITIAL NUMBER OF RATE MORTGAGE RATE MORTGAGE TERM TO DEBT-TO- MORTGAGE
PERIODIC MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY INCOME RATES OLTV
RATE CAP (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------
2.000 270 $77,600,804.43 100.00 360 39.92 7.409 604 84.82
----------------------------------------------------------------------------------------------------------------------
TOTAL: 270 $77,600,804.43 100.00 360 39.92 7.409 604 84.82
----------------------------------------------------------------------------------------------------------------------
SUBSEQUENT PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
-------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
SUBSEQUENT ADJUSTABLE ADJUSTABLE REMAINING
PERIODIC NUMBER OF RATE MORTGAGE RATE MORTGAGE TERM TO DEBT-TO- MORTGAGE
RATE CAP MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY INCOME RATES OLTV
(%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------
1.000 270 $77,600,804.43 100.00 360 39.92 7.409 604 84.82
-------------------------------------------------------------------------------------------------------------------------
TOTAL: 270 $77,600,804.43 100.00 360 39.92 7.409 604 84.82
-------------------------------------------------------------------------------------------------------------------------
