EXHIBIT 99.1
The mortgage loans delivered to the Trust (the "Mortgage Loans")
consisted of conventional, one-to four- family, adjustable-rate and fixed-rate
mortgage loans. The Depositor purchased the Mortgage Loans from the Seller
pursuant to the Mortgage Loan Purchase Agreement, dated as of the date of the
prospectus supplement (the "Mortgage Loan Purchase Agreement"), between the
Seller and the Depositor. Pursuant to the Pooling and Servicing Agreement, dated
as of the Cut-off Date (the "Pooling and Servicing Agreement"), among the
Depositor, the Master Servicer and the Trustee, the Depositor caused the
Mortgage Loans to be assigned to the Trustee for the benefit of the
certificateholders.
The Mortgage Loans are secured by mortgages or deeds of trust or other
similar security instruments creating first liens on residential properties (the
"Mortgaged Properties") consisting of attached, detached or semi-detached one-to
four-family dwelling units, individual condominium units or individual units in
planned unit developments and manufactured housing. The Mortgage Loans have
original terms to maturity of not greater than 30 years from the date on which
the first payment was due on each Mortgage Loan.
Each adjustable-rate Mortgage Loan accrued interest at the
adjustable-rate calculated as specified under the terms of the related mortgage
note and each fixed-rate Mortgage Loan has a Mortgage Rate that is fixed for the
life of such Mortgage (each such rate, a "Mortgage Rate").
Approximately 92.96% of the Mortgage Loans were originated by
Ameriquest and approximately 7.04% of the Mortgage Loans were originated by the
Seller's affiliate Town & Country Credit Corporation (together with Ameriquest,
the "Originators"), in each case by aggregate scheduled principal balance of the
Mortgage Loans as of the Cut-off Date.
Each adjustable-rate Mortgage Loan will accrue interest at a Mortgage
Rate that is adjustable. The adjustable-rate Mortgage Loans provide for
semi-annual adjustment to the Mortgage Rate thereon and for corresponding
adjustments to the monthly payment amount due thereon, in each case on each
adjustment date applicable thereto (each such date, an "Adjustment Date"). The
first adjustment will occur after an initial period of two years after
origination. On each Adjustment Date for each adjustable-rate Mortgage Loan, the
Mortgage Rate thereon will be adjusted (subject to rounding) to equal the sum of
the applicable Index (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 are divided into two loan groups,
designated as the "Group I Mortgage Loans" and the "Group II Mortgage Loans."
The Group I Mortgage Loans consist of adjustable-rate and fixed-rate mortgage
loans with principal balances at origination that conform to ▇▇▇▇▇▇▇ Mac and
▇▇▇▇▇▇ Mae loan limits and the Group II Mortgage Loans consist of
adjustable-rate and fixed-rate mortgage loans with principal balances at
origination that may or may not conform to ▇▇▇▇▇▇▇ Mac or ▇▇▇▇▇▇ Mae loan
limits.
Approximately 64.39% of the Group I Mortgage Loans and approximately
71.52% of the Group II Mortgage Loans, in each case by aggregate scheduled
principal balances of the related loan group as of the Cut-off Date, provide for
payment by the mortgagor of a prepayment charge on certain principal
prepayments, subject to certain limitations in the related mortgage note and
limitations upon collection in the Pooling and Servicing Agreement. Generally,
each such Mortgage Loan 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.
COLLATERAL TYPE
-------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE % OF PRINCIPAL TERM TO TO- MORTGAGE
MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
COLLATERAL TYPE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
-------------------------------------------------------------------------------------------------------------------
2 YEAR ARMS 5,492 948,580,119.79 79.05 356 40.72 7.561 599 78.46
FIXED 1,413 251,438,071.71 20.95 337 39.03 6.944 680 76.76
===================================================================================================================
TOTAL: 6,905 1,200,018,191.50 100.00 352 40.36 7.432 616 78.10
-------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
--------------------------------------------------------------------------------------------------------------------------
RANGE OF PRINCIPAL % OF REMAINING DEBT-
PRINCIPAL NUMBER OF BALANCE PRINCIPAL TERM TO TO- MORTGAGE
BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
AT ORIGINATION ($) LOANS ORIGINATION ORIGINATION (MONTHS)* (%)* (%)* FICO* OLTV (%)*
--------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 2,065 161,727,332.00 13.46 341 38.83 8.381 587 73.87
100,000.01 - 150,000.00 1,727 216,082,551.00 17.98 349 39.07 7.586 609 77.92
150,000.01 - 200,000.00 1,220 212,988,472.00 17.73 351 40.46 7.313 614 78.73
200,000.01 - 250,000.00 693 154,849,680.00 12.89 355 41.12 7.354 615 77.95
250,000.01 - 300,000.00 462 126,191,537.00 10.50 356 41.57 7.157 621 79.56
300,000.01 - 350,000.00 187 60,178,743.00 5.01 355 41.55 7.048 631 78.04
350,000.01 - 400,000.00 152 56,731,182.00 4.72 358 40.60 7.079 637 78.44
400,000.01 - 450,000.00 97 41,205,457.00 3.43 356 41.12 7.198 641 79.82
450,000.01 - 500,000.00 62 29,602,953.00 2.46 356 37.98 7.016 641 78.82
500,000.01 - 550,000.00 71 37,735,213.00 3.14 355 40.71 7.018 635 81.44
550,000.01 - 600,000.00 106 61,519,500.00 5.12 356 41.39 7.176 631 82.42
600,000.01 - 650,000.00 26 16,239,136.00 1.35 352 43.03 7.354 616 79.94
650,000.01 - 700,000.00 17 11,640,646.00 0.97 359 42.26 6.748 652 76.39
700,000.01 - 750,000.00 19 13,928,145.00 1.16 359 43.81 6.843 643 72.51
850,000.01 - 900,000.00 1 880,000.00 0.07 359 45.00 6.600 664 76.52
==========================================================================================================================
TOTAL: 6,905 1,201,500,547.00 100.00 352 40.37 7.432 616 78.10
--------------------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
PRINCIPAL BALANCES AS OF THE CUT-OFF DATE
---------------------------------------------------------------------------------------------------------------------
RANGE OF % OF
PRINCIPAL PRINCIPAL PRINCIPAL
BALANCES BALANCE BALANCE AS REMAINING DEBT-
AS OF THE NUMBER OF AS OF THE OF THE TERM TO TO- MORTGAGE
CUT-OFF MORTGAGE CUT-OFF CUT-OFF MATURITY INCOME RATES
DATE ($) LOANS DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
---------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 2,065 161,457,919.68 13.45 341 38.81 8.381 587 73.88
100,000.01 - 150,000.00 1,727 215,819,663.54 17.98 349 39.07 7.586 609 77.92
150,000.01 - 200,000.00 1,223 213,335,973.84 17.78 351 40.46 7.314 614 78.73
200,000.01 - 250,000.00 691 154,334,552.35 12.86 355 41.11 7.354 615 77.96
250,000.01 - 300,000.00 461 125,805,251.10 10.48 356 41.59 7.158 621 79.55
300,000.01 - 350,000.00 187 60,099,011.87 5.01 355 41.55 7.048 631 78.04
350,000.01 - 400,000.00 153 57,070,006.96 4.76 358 40.65 7.072 638 78.30
400,000.01 - 450,000.00 96 40,751,796.10 3.40 356 41.06 7.209 641 80.04
450,000.01 - 500,000.00 62 29,571,999.57 2.46 356 37.98 7.016 641 78.82
500,000.01 - 550,000.00 71 37,687,804.99 3.14 355 40.71 7.018 635 81.44
550,000.01 - 600,000.00 106 61,450,739.97 5.12 356 41.40 7.176 631 82.42
600,000.01 - 650,000.00 26 16,220,266.76 1.35 352 43.03 7.355 616 79.94
650,000.01 - 700,000.00 17 11,616,391.42 0.97 359 42.26 6.748 652 76.38
700,000.01 - 750,000.00 19 13,917,593.55 1.16 359 43.81 6.844 643 72.51
850,000.01 - 900,000.00 1 879,219.80 0.07 359 45.00 6.600 664 76.52
=====================================================================================================================
TOTAL: 6,905 1,200,018,191.50 100.00 352 40.36 7.432 616 78.10
---------------------------------------------------------------------------------------------------------------------
REMAINING TERM TO MATURITY
---------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
RANGE OF NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
MONTHS MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
REMAINING LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
---------------------------------------------------------------------------------------------------------
61 - 120 25 2,218,565.65 0.18 118 40.49 8.314 635 57.73
121 - 180 216 24,646,884.47 2.05 178 36.26 7.395 644 73.90
181 - 240 197 26,020,139.70 2.17 238 38.53 7.054 656 76.17
241 - 300 40 6,620,156.50 0.55 298 38.05 6.765 698 79.05
301 - 360 6,427 1,140,512,445.18 95.04 359 40.51 7.444 614 78.27
=========================================================================================================
TOTAL: 6,905 1,200,018,191.50 100.00 352 40.36 7.432 616 78.10
---------------------------------------------------------------------------------------------------------
MORTGAGE RATE
----------------------------------------------------------------------------------------------------------------
% OF
RANGE OF PRINCIPAL PRINCIPAL REMAINING DEBT-
CURRENT NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
MORTGAGE MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
RATES (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------
5.500 - 5.999 489 107,717,811.84 8.98 346 38.26 5.899 706 75.63
6.000 - 6.499 785 174,150,341.58 14.51 351 39.70 6.251 666 79.76
6.500 - 6.999 1,251 263,618,004.52 21.97 352 39.85 6.760 633 79.66
7.000 - 7.499 729 130,385,961.76 10.87 352 39.90 7.254 607 77.71
7.500 - 7.999 1,413 232,856,764.77 19.40 354 41.01 7.753 584 77.21
8.000 - 8.499 464 65,073,973.29 5.42 350 41.33 8.253 572 76.74
8.500 - 8.999 804 111,052,978.82 9.25 354 41.72 8.765 571 77.89
9.000 - 9.499 241 30,811,217.79 2.57 351 40.76 9.251 570 76.74
9.500 - 9.999 392 46,049,221.41 3.84 352 42.03 9.743 562 77.27
10.000 - 10.499 107 10,722,110.17 0.89 343 41.72 10.245 549 75.64
10.500 - 10.999 147 16,462,430.71 1.37 348 43.40 10.735 561 78.96
11.000 - 11.499 30 4,220,884.70 0.35 357 44.63 11.313 557 80.96
11.500 - 11.999 35 4,720,761.51 0.39 356 41.07 11.771 559 82.99
12.000 - 12.499 8 897,275.27 0.07 351 46.68 12.192 547 75.29
12.500 - 12.999 9 1,205,675.21 0.10 352 36.11 12.697 559 79.48
13.500 - 13.999 1 72,778.15 0.01 353 44.00 13.750 554 79.22
================================================================================================================
TOTAL: 6,905 1,200,018,191.50 100.00 352 40.36 7.432 616 78.10
----------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
----------------------------------------------------------------------------------------------------------------
RANGE OF % OF
ORIGINAL PRINCIPAL PRINCIPAL REMAINING DEBT-
LOAN-TO- NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
VALUE MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
RATIOS (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------
Less than or equal
25.00 45 3,893,169.88 0.32 327 37.66 7.806 629 19.50
25.01 - 30.00 30 3,954,740.10 0.33 348 36.17 7.382 627 27.86
30.01 - 35.00 46 5,263,923.04 0.44 347 33.18 7.426 609 32.50
35.01 - 40.00 42 4,997,166.83 0.42 314 39.57 7.337 623 37.62
40.01 - 45.00 68 8,996,156.31 0.75 342 37.81 7.691 599 42.59
45.01 - 50.00 100 14,352,261.87 1.20 346 38.37 7.567 588 47.95
50.01 - 55.00 160 22,441,772.40 1.87 345 41.21 7.490 602 52.95
55.01 - 60.00 290 44,698,012.60 3.72 351 39.55 7.761 586 58.34
60.01 - 65.00 354 59,476,591.36 4.96 349 38.63 7.376 599 63.08
65.01 - 70.00 413 71,734,840.39 5.98 351 40.35 7.308 607 68.10
70.01 - 75.00 1,074 174,543,369.37 14.55 353 40.75 7.610 585 73.58
75.01 - 80.00 1,192 205,242,676.64 17.10 349 39.90 7.177 623 78.78
80.01 - 85.00 1,167 217,052,160.73 18.09 354 40.52 7.677 612 83.78
85.01 - 90.00 1,806 344,661,708.14 28.72 354 41.08 7.335 637 89.17
90.01 - 95.00 118 18,709,641.84 1.56 347 39.91 7.046 689 93.33
================================================================================================================
TOTAL: 6,905 1,200,018,191.50 100.00 352 40.36 7.432 616 78.10
----------------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
--------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
RANGE OF FICO MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
SCORES LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
--------------------------------------------------------------------------------------------------------------
500 - 519 440 55,931,627.29 4.66 353 42.97 8.585 509 66.80
520 - 539 729 97,455,530.61 8.12 354 41.47 8.572 529 72.30
540 - 559 886 131,357,930.49 10.95 354 41.18 8.217 551 75.32
560 - 579 825 135,950,430.78 11.33 355 40.90 7.904 569 77.92
580 - 599 599 97,488,817.59 8.12 354 40.10 7.660 589 78.27
600 - 619 678 131,836,472.98 10.99 355 40.54 7.399 610 79.90
620 - 639 640 129,518,495.02 10.79 353 41.32 7.251 629 81.64
640 - 659 555 111,792,282.81 9.32 350 39.69 6.964 649 81.81
660 - 679 454 91,002,922.35 7.58 349 38.84 6.754 669 81.66
680 - 699 365 73,673,274.30 6.14 349 39.17 6.530 689 80.69
700 - 719 260 50,715,293.74 4.23 343 39.77 6.469 708 78.63
720 - 739 132 26,996,738.86 2.25 342 41.20 6.368 728 79.13
740 - 759 157 32,074,481.37 2.67 342 36.69 6.194 750 78.32
760 - 779 126 24,719,982.12 2.06 335 35.98 6.305 769 77.15
780 - 799 52 8,514,257.80 0.71 355 38.32 6.175 789 70.50
800 - 819 7 989,653.39 0.08 313 37.91 6.388 805 54.14
==============================================================================================================
TOTAL: 6,905 1,200,018,191.50 100.00 352 40.36 7.432 616 78.10
--------------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
-------------------------------------------------------------------------------------------------------------
% OF
RANGE OF PRINCIPAL PRINCIPAL REMAINING DEBT-
DEBT-TO- NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
INCOME MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
RATIOS (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
-------------------------------------------------------------------------------------------------------------
Less than or equal
20.00 343 54,962,843.96 4.58 348 14.64 7.323 627 75.40
20.01 - 25.00 385 58,799,066.81 4.90 345 23.24 7.331 623 75.03
25.01 - 30.00 559 86,394,231.46 7.20 348 28.15 7.291 624 76.24
30.01 - 35.00 796 129,552,714.12 10.80 351 33.14 7.329 623 78.33
35.01 - 40.00 975 168,175,523.45 14.01 351 38.09 7.347 617 78.24
40.01 - 45.00 1,313 230,399,734.98 19.20 351 43.14 7.403 619 78.71
45.01 - 50.00 2,014 377,716,862.57 31.48 354 48.18 7.403 619 79.60
50.01 - 55.00 520 94,017,214.15 7.83 355 53.14 8.173 567 75.29
=============================================================================================================
Total: 6,905 1,200,018,191.50 100.00 352 40.36 7.432 616 78.10
-------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
-------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
STATE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
-------------------------------------------------------------------------------------------------------------
CA 928 265,407,863.96 22.12 355 41.19 6.941 625 75.97
FL 777 104,593,890.66 8.72 352 40.51 7.513 601 78.88
NJ 510 98,224,606.52 8.19 355 41.31 8.013 605 75.68
NY 285 75,689,423.95 6.31 353 40.67 7.410 632 74.33
MA 249 61,534,594.70 5.13 356 39.78 7.083 619 74.74
TX 522 57,528,695.29 4.79 333 39.65 7.860 611 77.77
MD 253 47,701,239.61 3.98 349 41.53 7.520 613 78.69
MN 224 41,020,838.14 3.42 352 39.67 7.319 621 81.75
MI 315 39,667,040.37 3.31 354 39.74 7.719 601 81.71
IL 202 35,584,555.23 2.97 351 41.12 8.003 610 80.50
PA 253 34,282,392.91 2.86 348 40.60 7.437 612 81.36
CT 150 29,461,510.71 2.46 349 40.38 7.341 618 76.28
WA 134 25,738,634.06 2.14 356 40.90 7.032 636 81.62
IN 174 20,415,372.34 1.70 351 37.69 7.529 616 83.29
GA 140 19,174,393.08 1.60 353 39.00 8.276 609 81.43
CO 106 17,666,325.07 1.47 357 38.93 7.232 617 81.60
TN 142 16,635,466.59 1.39 339 36.95 7.780 603 81.08
RI 83 16,298,484.44 1.36 353 38.39 7.034 624 77.55
NV 78 15,563,098.88 1.30 352 40.95 7.181 619 76.97
WI 116 15,030,121.94 1.25 351 39.66 7.959 615 81.73
Other 1,264 162,799,643.05 13.57 349 39.57 7.598 614 80.40
=============================================================================================================
TOTAL: 6,905 $1,200,018,191.50 100.00 352 40.36 7.432 616 78.10
-------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
OCCUPANCY MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
STATUS* LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------
Owner Occupied 6,573 1,143,754,737.93 95.31 352 40.60 7.409 615 77.92
Non-owner Occupied 253 43,066,792.75 3.59 348 34.67 7.912 650 81.20
Second Home 79 13,196,660.82 1.10 350 38.45 7.872 630 83.80
==================================================================================================================
TOTAL: 6,905 1,200,018,191.50 100.00 352 40.36 7.432 616 78.10
------------------------------------------------------------------------------------------------------------------
* Based on mortgagor representation at origination.
DOCUMENTATION TYPE
------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
INCOME MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
DOCUMENTATION LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------
Full Docs 5,007 859,707,000.15 71.64 351 40.22 7.287 618 78.56
Limited Docs 1,101 181,725,839.74 15.14 353 39.96 7.608 602 77.73
Stated Docs 797 158,585,351.61 13.22 354 41.60 8.019 624 76.07
==================================================================================================================
TOTAL: 6,905 1,200,018,191.50 100.00 352 40.36 7.432 616 78.10
------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
PURPOSE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------
Refi-Cash Out** 6,542 1,141,696,234.22 95.14 352 40.43 7.428 616 77.99
▇▇▇▇-▇▇ ▇▇▇▇▇▇▇*** ▇▇▇ 52,941,994.04 4.41 355 39.58 7.510 610 79.65
Purchase 19 5,379,963.24 0.45 332 34.51 7.515 649 86.37
==================================================================================================================
TOTAL: 6,905 1,200,018,191.50 100.00 352 40.36 7.432 616 78.10
------------------------------------------------------------------------------------------------------------------
** 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 DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
RISK CATEGORY LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------
8A 557 109,932,132.14 9.16 341 38.22 6.305 746 77.67
7A 529 104,870,662.72 8.74 346 39.33 6.485 694 79.96
6A 435 86,845,462.11 7.24 349 38.86 6.721 669 81.69
5A 490 99,777,423.23 8.31 349 39.84 6.929 649 82.42
4A 548 114,934,925.91 9.58 353 41.30 7.140 632 82.17
3A 524 101,522,269.54 8.46 355 40.37 7.279 614 80.18
2A 1,359 235,450,357.15 19.62 355 40.47 7.566 582 79.56
A 534 84,086,066.53 7.01 354 40.49 8.298 573 79.57
B 1,063 144,887,599.66 12.07 354 42.18 8.520 544 73.36
C 721 99,857,153.01 8.32 355 41.57 8.394 537 68.53
D 145 17,854,139.50 1.49 352 40.34 8.902 521 56.18
==================================================================================================================
TOTAL: 6,905 1,200,018,191.50 100.00 352 40.36 7.432 616 78.10
------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
PROPERTY TYPE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
Single Family Detached 5,764 993,697,738.14 82.81 352 40.29 7.418 615 78.58
Two-to-Four Family 351 83,476,436.48 6.96 352 41.39 7.613 631 73.87
PUD Detached 269 52,380,637.10 4.36 348 40.95 7.406 612 79.00
Condominium 213 40,139,273.08 3.34 354 40.16 7.084 621 78.21
Manufactured Housing 269 25,833,878.19 2.15 348 38.82 7.829 612 70.71
Single Family Attached 30 3,221,790.53 0.27 354 40.41 8.706 613 82.97
PUD Attached 9 1,268,437.98 0.11 359 40.92 7.576 634 84.10
======================================================================================================================
TOTAL: 6,905 1,200,018,191.50 100.00 352 40.36 7.432 616 78.10
----------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM AT ORIGINATION
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
PREPAYMENT NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
CHARGE TERM AT MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
ORIGINATION (MONTHS) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
0 2,445 408,546,466.46 34.05 350 40.60 7.861 612 77.46
12 166 39,821,961.26 3.32 349 40.12 7.017 651 75.21
24 6 2,271,423.56 0.19 359 37.91 7.651 605 83.56
30 11 2,111,596.03 0.18 359 41.40 7.734 615 87.11
36 4,277 747,266,744.19 62.27 352 40.25 7.218 616 78.57
======================================================================================================================
TOTAL: 6,905 1,200,018,191.50 100.00 352 40.36 7.432 616 78.10
----------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
CONFORMING MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
BALANCE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
Conforming Balance 6,367 938,571,306.82 78.21 350 40.21 7.535 611 77.64
Non-Conforming Balance 538 261,446,884.68 21.79 357 40.90 7.063 634 79.79
======================================================================================================================
TOTAL: 6,905 1,200,018,191.50 100.00 352 40.36 7.432 616 78.10
----------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
--------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE
RATE
MORTGAGE % OF
RANGE OF LOANS AS PRINCIPAL REMAINING DEBT-
MAXIMUM NUMBER OF OF THE BALANCE TERM TO TO- MORTGAGE
MORTGAGE MORTGAGE CUT-OFF AS OF THE MATURITY INCOME RATES
RATES (%) LOANS DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
--------------------------------------------------------------------------------------------------------------
11.500 - 11.999 233 52,187,502.59 5.50 356 39.45 5.904 677 78.84
12.000 - 12.499 528 121,128,467.85 12.77 356 40.15 6.260 645 79.78
12.500 - 12.999 1,003 210,267,913.64 22.17 356 40.08 6.762 618 80.24
13.000 - 13.499 565 102,836,133.38 10.84 356 39.97 7.257 593 77.71
13.500 - 13.999 1,246 206,755,103.25 21.80 356 41.09 7.757 578 76.91
14.000 - 14.499 389 54,197,320.52 5.71 352 41.87 8.256 566 76.35
14.500 - 14.999 723 100,951,139.76 10.64 356 41.74 8.765 570 77.99
15.000 - 15.499 211 27,168,910.22 2.86 353 40.73 9.255 570 77.15
15.500 - 15.999 323 40,131,137.00 4.23 357 41.65 9.743 563 78.17
16.000 - 16.499 84 8,868,100.68 0.93 349 40.98 10.240 552 77.88
16.500 - 16.999 114 13,810,838.02 1.46 353 44.24 10.734 559 80.56
17.000 - 17.499 28 4,089,451.12 0.43 357 44.80 11.313 558 81.15
17.500 - 17.999 30 4,230,902.72 0.45 359 40.50 11.785 562 83.18
18.000 - 18.499 7 835,086.94 0.09 359 46.44 12.195 550 75.31
18.500 - 18.999 7 1,049,333.95 0.11 359 33.69 12.688 562 80.76
19.500 - 19.999 1 72,778.15 0.01 353 44.00 13.750 554 79.22
==============================================================================================================
TOTAL: 5,492 948,580,119.79 100.00 356 40.72 7.561 599 78.46
--------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
--------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE
RATE
MORTGAGE % OF
RANGE OF LOANS AS PRINCIPAL REMAINING DEBT-
MINIMUM NUMBER OF OF THE BALANCE TERM TO TO- MORTGAGE
MORTGAGE MORTGAGE CUT-OFF AS OF THE MATURITY INCOME RATES
RATES (%) LOANS DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
--------------------------------------------------------------------------------------------------------------
5.500 - 5.999 233 52,187,502.59 5.50 356 39.45 5.904 677 78.84
6.000 - 6.499 528 121,128,467.85 12.77 356 40.15 6.260 645 79.78
6.500 - 6.999 1,003 210,267,913.64 22.17 356 40.08 6.762 618 80.24
7.000 - 7.499 565 102,836,133.38 10.84 356 39.97 7.257 593 77.71
7.500 - 7.999 1,246 206,755,103.25 21.80 356 41.09 7.757 578 76.91
8.000 - 8.499 389 54,197,320.52 5.71 352 41.87 8.256 566 76.35
8.500 - 8.999 723 100,951,139.76 10.64 356 41.74 8.765 570 77.99
9.000 - 9.499 211 27,168,910.22 2.86 353 40.73 9.255 570 77.15
9.500 - 9.999 323 40,131,137.00 4.23 357 41.65 9.743 563 78.17
10.000 - 10.499 84 8,868,100.68 0.93 349 40.98 10.240 552 77.88
10.500 - 10.999 114 13,810,838.02 1.46 353 44.24 10.734 559 80.56
11.000 - 11.499 28 4,089,451.12 0.43 357 44.80 11.313 558 81.15
11.500 - 11.999 30 4,230,902.72 0.45 359 40.50 11.785 562 83.18
12.000 - 12.499 7 835,086.94 0.09 359 46.44 12.195 550 75.31
12.500 - 12.999 7 1,049,333.95 0.11 359 33.69 12.688 562 80.76
13.500 - 13.999 1 72,778.15 0.01 353 44.00 13.750 554 79.22
==============================================================================================================
TOTAL: 5,492 948,580,119.79 100.00 356 40.72 7.561 599 78.46
--------------------------------------------------------------------------------------------------------------
MARGINS OF THE ADJUSTABLE-RATE LOANS
--------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE
RATE
MORTGAGE % OF
LOANS AS PRINCIPAL REMAINING DEBT-
RANGE OF NUMBER OF OF THE BALANCE TERM TO TO- MORTGAGE
MORTGAGE MORTGAGE CUT-OFF AS OF THE MATURITY INCOME RATES
MARGINS (%) LOANS DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
--------------------------------------------------------------------------------------------------------------
3.000 - 3.249 3 435,178.04 0.05 338 45.28 7.47 563 87.09
3.250 - 3.499 1 199,584.64 0.02 359 4.00 6.95 584 85.00
3.500 - 3.749 3 349,815.57 0.04 359 30.22 7.89 585 82.60
3.750 - 3.999 4 742,021.54 0.08 359 40.80 7.54 662 74.39
4.000 - 4.249 4 522,247.45 0.06 337 40.01 8.06 622 78.49
4.250 - 4.499 7 798,437.16 0.08 359 48.33 7.57 597 81.00
4.500 - 4.749 25 3,703,563.50 0.39 350 39.86 6.60 698 82.81
4.750 - 4.999 169 32,664,972.57 3.44 355 39.13 6.51 723 83.07
5.000 - 5.249 258 53,066,344.20 5.59 356 40.13 6.57 685 82.76
5.250 - 5.499 272 56,924,834.08 6.00 356 39.98 6.69 663 82.65
5.500 - 5.749 414 88,439,801.45 9.32 355 40.40 6.83 643 82.77
5.750 - 5.999 607 120,448,617.46 12.70 356 40.69 7.13 618 81.49
6.000 - 6.249 1,612 291,546,304.42 30.74 356 40.68 7.51 590 79.98
6.250 - 6.499 515 78,637,545.97 8.29 354 40.64 8.40 565 78.25
6.500 - 6.749 990 136,292,473.40 14.37 355 41.74 8.49 542 72.84
6.750 - 6.999 608 83,808,378.34 8.84 356 41.18 8.45 534 66.00
==============================================================================================================
TOTAL: 5,492 948,580,119.79 100.00 356 40.72 7.56 599 78.46
--------------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
--------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE
RATE
MORTGAGE % OF
LOANS AS PRINCIPAL REMAINING DEBT-
NEXT RATE NUMBER OF OF THE BALANCE TERM TO TO- MORTGAGE
ADJUSTMENT MORTGAGE CUT-OFF AS OF THE MATURITY INCOME RATES
DATE LOANS DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
--------------------------------------------------------------------------------------------------------------
2006-04 8 1,093,296.81 0.12 353 41.79 8.415 564 63.89
2006-06 3 443,055.33 0.05 355 45.98 6.762 609 89.00
2006-07 21 3,110,753.08 0.33 353 39.26 7.955 608 83.99
2006-08 119 19,498,514.35 2.06 356 41.60 7.743 609 84.46
2006-09 346 54,432,888.66 5.74 355 41.59 7.988 604 80.79
2006-10 4,681 817,834,802.56 86.22 356 40.68 7.518 599 78.17
2006-11 314 52,166,809.00 5.50 355 40.08 7.689 594 78.20
==============================================================================================================
TOTAL: 5,492 948,580,119.79 100.00 356 40.72 7.561 599 78.46
--------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
--------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE
RATE
MORTGAGE % OF
LOANS AS PRINCIPAL REMAINING DEBT-
INITIAL NUMBER OF OF THE BALANCE TERM TO TO- MORTGAGE
PERIODIC MORTGAGE CUT-OFF AS OF THE MATURITY INCOME RATES
RATE CAP (%) LOANS DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
--------------------------------------------------------------------------------------------------------------
2.000 5,492 948,580,119.79 100.00 356 40.72 7.561 599 78.46
==============================================================================================================
TOTAL: 5,492 948,580,119.79 100.00 356 40.72 7.561 599 78.46
--------------------------------------------------------------------------------------------------------------
SUBSEQUENT PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
--------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE
RATE
MORTGAGE % OF
LOANS AS PRINCIPAL REMAINING DEBT-
SUBSEQUENT NUMBER OF OF THE BALANCE TERM TO TO- MORTGAGE
PERIODIC MORTGAGE CUT-OFF AS OF THE MATURITY INCOME RATES
RATE CAP (%) LOANS DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
--------------------------------------------------------------------------------------------------------------
1.000 5,492 948,580,119.79 100.00 356 40.72 7.56 599 78.46
==============================================================================================================
TOTAL: 5,492 948,580,119.79 100.00 356 40.72 7.56 599 78.46
--------------------------------------------------------------------------------------------------------------
GROUP I MORTGAGE LOAN STATISTICS
The Group I Mortgage Loans consist of 6,346 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $936,033,245.99 after application of scheduled
payments due on or before the Cut-off Date whether or not received and
application of all unscheduled payments of principal received prior to the
Cut-off Date. None of the Group I Mortgage Loans had a first Due Date prior to
May 1, 2004 or after December 1, 2004, or will have a remaining term to stated
maturity of less than 114 months or greater than 360 months as of the Cut-off
Date. The latest maturity date of any Group I Mortgage Loan is November 1, 2034.
COLLATERAL TYPE
--------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
COLLATERAL TYPE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
--------------------------------------------------------------------------------------------------------------
2 YEAR ARMS 5,077 748,795,406.20 80.00 355 40.57 7.66 594 78.09
FIXED 1,269 187,237,839.79 20.00 331 38.89 7.01 679 75.83
==============================================================================================================
TOTAL: 6,346 936,033,245.99 100.00 350 40.24 7.53 611 77.63
--------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
----------------------------------------------------------------------------------------------------------------------
% OF
RANGE OF PRINCIPAL PRINCIPAL REMAINING DEBT-
PRINCIPAL NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
BALANCES MORTGAGE AS OF AS OF MATURITY INCOME RATES
AT ORIGINATION ($) LOANS ORIGINATION ORIGINATION (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 2,056 161,035,002.00 17.18 341 38.87 8.382 587 73.86
100,000.01 - 150,000.00 1,718 214,947,455.00 22.93 349 39.10 7.584 609 77.92
150,000.01 - 200,000.00 1,219 212,803,472.00 22.71 351 40.47 7.313 614 78.75
200,000.01 - 250,000.00 692 154,648,080.00 16.50 355 41.12 7.355 615 77.95
250,000.01 - 300,000.00 462 126,191,537.00 13.46 356 41.57 7.157 621 79.56
300,000.01 - 350,000.00 150 47,521,482.00 5.07 354 41.64 7.064 632 77.43
350,000.01 - 400,000.00 23 8,469,650.00 0.90 353 44.33 7.798 636 78.47
400,000.01 - 450,000.00 16 6,765,500.00 0.72 344 42.92 7.117 676 77.88
450,000.01 - 500,000.00 7 3,220,500.00 0.34 333 33.72 6.856 640 78.34
500,000.01 - 550,000.00 3 1,607,000.00 0.17 358 48.68 7.806 688 86.47
======================================================================================================================
TOTAL: 6,346 937,209,678.00 100.00 350 40.24 7.534 611 77.63
----------------------------------------------------------------------------------------------------------------------
* Based On the original balances of the Mortgage Loans.
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
----------------------------------------------------------------------------------------------------------------------
% OF
RANGE OF PRINCIPAL PRINCIPAL REMAINING DEBT-
PRINCIPAL BALANCES NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
AS OF THE MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
CUT-OFF DATE ($) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 2,056 160,767,760.34 17.18 341 38.85 8.382 587 73.87
100,000.01 - 150,000.00 1,718 214,685,945.00 22.94 349 39.10 7.584 609 77.92
150,000.01 - 200,000.00 1,222 213,151,260.49 22.77 351 40.47 7.314 613 78.75
200,000.01 - 250,000.00 690 154,133,310.81 16.47 355 41.11 7.354 615 77.96
250,000.01 - 300,000.00 461 125,805,251.10 13.44 356 41.59 7.158 621 79.55
300,000.01 - 350,000.00 150 47,455,485.58 5.07 354 41.64 7.064 632 77.43
350,000.01 - 400,000.00 23 8,459,198.69 0.90 353 44.33 7.798 636 78.47
400,000.01 - 450,000.00 16 6,753,732.15 0.72 344 42.92 7.117 676 77.88
450,000.01 - 500,000.00 7 3,217,100.10 0.34 333 33.72 6.856 640 78.34
500,000.01 - 550,000.00 3 1,604,201.73 0.17 358 48.68 7.806 688 86.47
======================================================================================================================
TOTAL: 6,346 936,033,245.99 100.00 350 40.24 7.535 611 77.63
----------------------------------------------------------------------------------------------------------------------
STATED REMAINING TERM TO MATURITY
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
RANGE OF MONTHS MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
REMAINING LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
61 - 120 25 2,218,565.65 0.24 118 40.49 8.314 635 57.73
121 - 180 214 23,933,826.03 2.56 178 35.94 7.403 644 74.05
181 - 240 189 23,361,025.40 2.50 238 38.68 7.126 653 75.17
241 - 300 40 6,620,156.50 0.71 298 38.05 6.765 698 79.05
301 - 360 5,878 879,899,672.41 94.00 359 40.41 7.553 608 77.84
======================================================================================================================
TOTAL: 6,346 936,033,245.99 100.00 350 40.24 7.535 611 77.63
----------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
----------------------------------------------------------------------------------------------------------------------
% OF
RANGE OF PRINCIPAL PRINCIPAL REMAINING DEBT-
CURRENT NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
MORTGAGE MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
RATES (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 424 78,560,888.12 8.39 343 38.14 5.902 706 75.08
6.000 - 6.499 666 117,658,437.78 12.57 347 39.35 6.258 669 79.86
6.500 - 6.999 1,097 187,577,578.90 20.04 351 39.78 6.770 631 79.93
7.000 - 7.499 670 102,500,370.93 10.95 351 39.79 7.260 605 76.96
7.500 - 7.999 1,337 196,080,115.96 20.95 353 40.65 7.759 582 76.79
8.000 - 8.499 445 56,480,334.13 6.03 349 41.18 8.254 569 75.81
8.500 - 8.999 773 96,750,212.28 10.34 353 41.50 8.767 570 76.89
9.000 - 9.499 232 27,055,456.73 2.89 350 40.71 9.250 566 76.29
9.500 - 9.999 375 39,366,322.23 4.21 352 41.55 9.753 553 76.31
10.000 - 10.499 106 10,357,758.18 1.11 342 41.57 10.239 549 75.14
10.500 - 10.999 144 15,409,891.62 1.65 347 43.40 10.733 557 78.60
11.000 - 11.499 27 2,547,748.26 0.27 355 42.61 11.235 550 80.27
11.500 - 11.999 32 3,512,402.24 0.38 355 42.91 11.735 551 80.87
12.000 - 12.499 8 897,275.27 0.10 351 46.68 12.192 547 75.29
12.500 - 12.999 9 1,205,675.21 0.13 352 36.11 12.697 559 79.48
13.500 - 13.999 1 72,778.15 0.01 353 44.00 13.750 554 79.22
======================================================================================================================
TOTAL: 6,346 936,033,245.99 100.00 350 40.24 7.535 611 77.63
----------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
RANGE OF ORIGINAL NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
LOAN-TO-VALUE MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
RATIOS (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
Less than or equal
25.00 45 3,893,169.88 0.42 327 37.66 7.806 629 19.50
25.01 - 30.00 29 3,583,735.01 0.38 347 35.36 7.463 616 27.87
30.01 - 35.00 45 4,514,692.35 0.48 344 34.38 7.688 593 32.83
35.01 - 40.00 42 4,997,166.83 0.53 314 39.57 7.337 623 37.62
40.01 - 45.00 66 8,210,155.45 0.88 340 36.74 7.686 603 42.66
45.01 - 50.00 98 13,153,809.21 1.41 345 38.31 7.628 589 47.76
50.01 - 55.00 159 22,022,081.00 2.35 345 41.02 7.489 603 52.97
55.01 - 60.00 273 36,276,640.78 3.88 349 39.48 8.020 573 58.53
60.01 - 65.00 323 44,411,531.24 4.74 347 39.30 7.634 583 63.13
65.01 - 70.00 378 56,932,809.90 6.08 351 40.16 7.437 601 68.07
70.01 - 75.00 1,003 141,912,926.00 15.16 352 40.88 7.722 580 73.65
75.01 - 80.00 1,082 154,793,417.92 16.54 346 39.64 7.271 619 78.84
80.01 - 85.00 1,060 163,734,458.46 17.49 353 40.33 7.793 606 83.77
85.01 - 90.00 1,628 260,336,461.26 27.81 353 40.81 7.385 635 89.22
90.01 - 95.00 115 17,260,190.70 1.84 346 40.31 7.086 694 93.35
======================================================================================================================
TOTAL: 6,346 936,033,245.99 100.00 350 40.24 7.535 611 77.63
----------------------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
RANGE OF FICO SCORES LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
500 - 519 432 52,731,753.61 5.63 353 42.62 8.608 509 66.39
520 - 539 708 88,520,026.94 9.46 354 41.19 8.583 529 71.87
540 - 559 846 112,284,002.73 12.00 354 41.01 8.289 551 75.04
560 - 579 768 109,562,732.06 11.71 354 40.77 7.997 569 77.39
580 - 599 565 81,234,328.63 8.68 353 40.30 7.711 589 77.83
600 - 619 615 101,951,073.57 10.89 353 39.96 7.436 609 80.14
620 - 639 559 88,704,916.02 9.48 351 40.67 7.245 629 81.87
640 - 659 490 79,286,365.15 8.47 349 40.07 6.998 649 82.35
660 - 679 384 59,442,760.73 6.35 346 38.41 6.842 669 82.09
680 - 699 330 56,131,389.43 6.00 347 39.34 6.577 690 80.58
700 - 719 232 38,761,234.85 4.14 340 40.06 6.515 707 78.56
720 - 739 111 17,137,389.95 1.83 334 39.88 6.327 729 80.26
740 - 759 140 24,400,789.10 2.61 336 36.98 6.236 749 78.67
760 - 779 108 16,963,794.73 1.81 324 35.27 6.229 770 74.69
780 - 799 51 7,931,035.10 0.85 355 37.69 6.189 789 69.55
800 - 819 7 989,653.39 0.11 313 37.91 6.388 805 54.14
======================================================================================================================
TOTAL: 6,346 936,033,245.99 100.00 350 40.24 7.535 611 77.63
----------------------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
RANGE OF DEBT-TO- MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
INCOME RATIOS (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
Less than or equal
20.00 309 39,735,259.02 4.25 344 15.39 7.451 621 73.98
20.01 - 25.00 359 47,329,431.73 5.06 342 23.23 7.389 622 74.70
25.01 - 30.00 527 72,194,244.87 7.71 347 28.16 7.409 616 76.27
30.01 - 35.00 736 103,195,396.12 11.02 349 33.17 7.456 618 77.79
35.01 - 40.00 908 135,927,600.20 14.52 350 38.07 7.450 613 78.00
40.01 - 45.00 1,210 181,268,136.71 19.37 350 43.14 7.506 614 78.36
45.01 - 50.00 1,830 290,914,591.15 31.08 353 48.18 7.461 615 79.18
50.01 - 55.00 467 65,468,586.19 6.99 354 53.21 8.534 551 73.62
======================================================================================================================
TOTAL: 6,346 936,033,245.99 100.00 350 40.24 7.535 611 77.63
----------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
STATE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
CA 663 136,785,537.41 14.61 354 40.16 6.997 618 72.55
FL 757 96,007,298.93 10.26 351 40.73 7.532 600 78.98
NJ 485 86,806,364.27 9.27 355 41.53 8.071 599 74.79
TX 509 53,613,006.20 5.73 332 40.20 7.856 610 77.48
NY 226 45,100,222.93 4.82 349 40.38 7.667 622 72.26
MA 214 44,515,157.02 4.76 355 41.00 7.201 607 73.35
MD 233 38,277,078.84 4.09 347 40.63 7.486 610 78.58
MI 309 36,860,183.43 3.94 353 40.40 7.670 600 81.66
MN 213 35,881,063.77 3.83 353 39.35 7.344 622 81.88
PA 247 31,547,385.90 3.37 347 41.72 7.487 611 81.12
IL 192 30,676,746.71 3.28 350 40.49 8.098 611 80.30
CT 135 22,541,258.97 2.41 347 40.65 7.427 620 78.30
WA 126 21,848,192.66 2.33 355 40.94 7.057 632 80.65
IN 167 17,921,031.81 1.91 349 37.65 7.472 611 82.72
GA 134 16,415,665.75 1.75 352 38.76 8.301 610 81.42
CO 103 16,299,132.24 1.74 357 39.86 7.247 614 81.75
TN 138 15,034,819.41 1.61 337 37.31 7.878 597 80.13
RI 80 14,964,565.70 1.60 353 38.80 7.026 622 76.70
WI 115 14,685,656.50 1.57 351 39.51 7.974 616 81.62
NV 74 13,778,370.91 1.47 351 40.33 7.173 612 76.86
Other 1,226 146,474,506.63 15.65 348 39.51 7.629 613 80.04
======================================================================================================================
TOTAL: 6,346 936,033,245.99 100.00 350 40.24 7.535 611 77.63
----------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
OCCUPATION MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
STATUS* LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
Owner Occupied 6,043 892,761,682.99 95.38 350 40.39 7.517 609 77.46
Non-owner Occupied 232 33,872,000.85 3.62 344 36.40 7.891 650 80.49
Second Home 71 9,399,562.15 1.00 346 39.76 7.930 627 83.98
======================================================================================================================
TOTAL: 6,346 936,033,245.99 100.00 350 40.24 7.535 611 77.63
----------------------------------------------------------------------------------------------------------------------
* Based on mortgagor representation at origination.
DOCUMENTATION TYPE
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
INCOME MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
DOCUMENTATION LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
Full Docs 4,631 677,559,917.22 72.39 349 40.06 7.378 613 78.06
Limited Docs 1,017 143,716,392.65 15.35 351 40.43 7.742 596 77.42
Stated Docs 698 114,756,936.12 12.26 353 41.02 8.198 617 75.42
======================================================================================================================
TOTAL: 6,346 936,033,245.99 100.00 350 40.24 7.535 611 77.63
----------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
PURPOSE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
Refi-Cash Out ** 6,009 890,745,406.04 95.16 350 40.25 7.530 611 77.48
Refi-No Cashout *** 324 43,311,720.54 4.63 354 40.19 7.621 603 80.38
Purchase 13 1,976,119.41 0.21 346 36.12 7.885 638 87.51
======================================================================================================================
TOTAL: 6,346 936,033,245.99 100.00 350 40.24 7.535 611 77.63
----------------------------------------------------------------------------------------------------------------------
** 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 DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
RISK CATEGORY LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
8A 490 78,901,936.96 8.43 335 37.74 6.303 749 76.99
7A 478 81,222,785.65 8.68 344 39.39 6.519 694 79.94
6A 368 56,838,344.84 6.07 345 38.41 6.830 669 82.20
5A 431 69,808,770.89 7.46 348 40.55 6.954 649 83.09
4A 474 77,038,526.34 8.23 351 40.79 7.155 631 82.38
3A 474 78,214,884.60 8.36 354 39.63 7.293 613 80.41
2A 1,243 181,005,488.91 19.34 353 40.42 7.603 582 79.50
A 511 72,239,515.79 7.72 354 40.32 8.310 572 79.29
B 1,029 130,484,474.71 13.94 354 41.86 8.555 544 73.20
C 703 92,424,377.80 9.87 355 41.27 8.427 536 68.40
D 145 17,854,139.50 1.91 352 40.34 8.902 521 56.18
======================================================================================================================
TOTAL: 6,346 936,033,245.99 100.00 350 40.24 7.535 611 77.63
----------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
PROPERTY TYPE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
Single Family Detached 5,287 768,835,591.55 82.14 350 40.14 7.524 609 78.20
Two-to-Four Family 326 70,330,612.91 7.51 350 41.54 7.672 627 72.89
PUD Detached 234 36,070,224.77 3.85 343 41.27 7.485 612 79.76
Condominium 193 30,642,438.37 3.27 353 39.59 7.181 623 76.97
Manufactured Housing 268 25,750,509.57 2.75 348 38.82 7.831 612 70.69
Single Family Attached 29 3,135,430.84 0.33 354 41.09 8.677 613 82.99
PUD Attached 9 1,268,437.98 0.14 359 40.92 7.576 634 84.10
======================================================================================================================
TOTAL: 6,346 936,033,245.99 100.00 350 40.24 7.535 611 77.63
----------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
PREPAYMENT CHARGE NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
TERM AT MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
ORIGINATION (MOS.) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
0 2,286 333,367,991.03 35.61 349 40.49 7.916 608 76.93
12 142 27,338,707.70 2.92 345 39.16 7.058 645 73.95
24 1 112,422.18 0.01 359 34.00 7.850 589 90.00
30 10 1,747,666.45 0.19 359 40.65 7.835 616 86.51
36 3,907 573,466,458.63 61.27 351 40.14 7.335 611 78.19
======================================================================================================================
TOTAL: 6,346 936,033,245.99 100.00 350 40.24 7.535 611 77.63
----------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
CONFORMING BALANCE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
Conforming Balance 6,346 936,033,245.99 100.00 350 40.24 7.535 611 77.63
======================================================================================================================
TOTAL: 6,346 936,033,245.99 100.00 350 40.24 7.535 611 77.63
----------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE
RATE RATE
LOANS AS LOANS AS REMAINING DEBT-
NUMBER OF OF THE OF THE TERM TO TO- MORTGAGE
RANGE OF MAXIMUM MORTGAGE CUT-OFF CUT-OFF MATURITY INCOME RATES
MORTGAGE RATES (%) LOANS DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
11.500 - 11.999 199 36,030,276.89 4.81 357 39.62 5.916 676 79.15
12.000 - 12.499 441 78,976,855.47 10.55 354 39.80 6.269 644 79.89
12.500 - 12.999 888 153,314,676.70 20.47 355 39.97 6.774 617 80.71
13.000 - 13.499 523 82,746,505.16 11.05 355 39.69 7.265 592 77.13
13.500 - 13.999 1,182 175,845,660.97 23.48 355 40.85 7.763 575 76.69
14.000 - 14.499 376 48,237,732.53 6.44 351 41.57 8.257 562 75.35
14.500 - 14.999 695 87,816,829.72 11.73 355 41.56 8.767 569 76.97
15.000 - 15.499 203 23,473,021.95 3.13 353 40.63 9.254 565 76.65
15.500 - 15.999 307 33,517,564.68 4.48 356 40.99 9.755 554 77.19
16.000 - 16.499 83 8,503,748.69 1.14 348 40.76 10.233 551 77.36
16.500 - 16.999 112 12,821,796.03 1.71 353 44.33 10.732 554 80.22
17.000 - 17.499 25 2,416,314.68 0.32 355 42.79 11.231 550 80.54
17.500 - 17.999 28 3,137,223.69 0.42 359 42.72 11.750 554 80.92
18.000 - 18.499 7 835,086.94 0.11 359 46.44 12.195 550 75.31
18.500 - 18.999 7 1,049,333.95 0.14 359 33.69 12.688 562 80.76
19.500 - 19.999 1 72,778.15 0.01 353 44.00 13.750 554 79.22
======================================================================================================================
TOTAL: 5,077 748,795,406.20 100.00 355 40.57 7.664 594 78.09
----------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE
RATE RATE
LOANS AS LOANS AS REMAINING DEBT-
RANGE OF NUMBER OF OF THE OF THE TERM TO TO- MORTGAGE
MINIMUM MORTGAGE MORTGAGE CUT-OFF CUT-OFF MATURITY INCOME RATES
RATES (%) LOANS DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 199 36,030,276.89 4.81 357 39.62 5.916 676 79.15
6.000 - 6.499 441 78,976,855.47 10.55 354 39.80 6.269 644 79.89
6.500 - 6.999 888 153,314,676.70 20.47 355 39.97 6.774 617 80.71
7.000 - 7.499 523 82,746,505.16 11.05 355 39.69 7.265 592 77.13
7.500 - 7.999 1,182 175,845,660.97 23.48 355 40.85 7.763 575 76.69
8.000 - 8.499 376 48,237,732.53 6.44 351 41.57 8.257 562 75.35
8.500 - 8.999 695 87,816,829.72 11.73 355 41.56 8.767 569 76.97
9.000 - 9.499 203 23,473,021.95 3.13 353 40.63 9.254 565 76.65
9.500 - 9.999 307 33,517,564.68 4.48 356 40.99 9.755 554 77.19
10.000 - 10.499 83 8,503,748.69 1.14 348 40.76 10.233 551 77.36
10.500 - 10.999 112 12,821,796.03 1.71 353 44.33 10.732 554 80.22
11.000 - 11.499 25 2,416,314.68 0.32 355 42.79 11.231 550 80.54
11.500 - 11.999 28 3,137,223.69 0.42 359 42.72 11.750 554 80.92
12.000 - 12.499 7 835,086.94 0.11 359 46.44 12.195 550 75.31
12.500 - 12.999 7 1,049,333.95 0.14 359 33.69 12.688 562 80.76
13.500 - 13.999 1 72,778.15 0.01 353 44.00 13.750 554 79.22
======================================================================================================================
TOTAL: 5,077 748,795,406.20 100.00 355 40.57 7.664 594 78.09
----------------------------------------------------------------------------------------------------------------------
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE
RATE RATE
LOANS AS LOANS AS REMAINING DEBT-
NUMBER OF OF THE OF THE TERM TO TO- MORTGAGE
RANGE OF GROSS MORTGAGE CUT-OFF CUT-OFF MATURITY INCOME RATES
MARGINS (%) LOANS DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
3.000 - 3.249 3 435,178.04 0.06 338 45.28 7.474 563 87.09
3.250 - 3.499 1 199,584.64 0.03 359 4.00 6.950 584 85.00
3.500 - 3.749 3 349,815.57 0.05 359 30.22 7.894 585 82.60
3.750 - 3.999 3 388,312.29 0.05 359 46.08 8.044 615 85.77
4.000 - 4.249 4 522,247.45 0.07 337 40.01 8.068 622 78.49
4.250 - 4.499 7 798,437.16 0.11 359 48.33 7.578 597 81.00
4.500 - 4.749 23 2,816,656.31 0.38 348 39.34 6.703 687 82.69
4.750 - 4.999 149 22,911,999.56 3.06 353 39.10 6.516 724 82.86
5.000 - 5.249 227 38,869,552.77 5.19 355 40.59 6.672 686 83.37
5.250 - 5.499 233 37,731,629.58 5.04 354 39.27 6.799 662 84.52
5.500 - 5.749 358 59,452,782.72 7.94 354 40.96 6.844 645 83.52
5.750 - 5.999 542 88,861,819.82 11.87 355 40.31 7.149 617 81.77
6.000 - 6.249 1,469 223,710,070.65 29.88 356 40.32 7.539 589 80.03
6.250 - 6.499 493 67,546,966.91 9.02 353 40.59 8.421 565 77.82
6.500 - 6.749 966 125,393,654.79 16.75 355 41.47 8.513 542 72.68
6.750 - 6.999 596 78,806,697.94 10.52 356 40.93 8.487 533 65.75
======================================================================================================================
TOTAL: 5,077 748,795,406.20 100.00 355 40.57 7.664 594 78.09
----------------------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE
RATE RATE
LOANS AS LOANS AS REMAINING DEBT-
NUMBER OF OF THE OF THE TERM TO TO- MORTGAGE
NEXT RATE MORTGAGE CUT-OFF CUT-OFF MATURITY INCOME RATES
ADJUSTMENT DATE LOANS DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
2006-04 8 1,093,296.81 0.15 353 41.79 8.415 564 63.89
2006-06 3 443,055.33 0.06 355 45.98 6.762 609 89.00
2006-07 20 2,702,159.81 0.36 352 38.39 7.798 615 83.08
2006-08 111 16,361,713.59 2.19 356 41.27 7.880 603 83.97
2006-09 320 42,088,910.09 5.62 354 41.94 8.111 601 80.87
2006-10 4,336 649,678,372.57 86.76 355 40.55 7.623 594 77.83
2006-11 279 36,427,898.00 4.86 353 39.19 7.757 584 76.67
======================================================================================================================
TOTAL: 5,077 748,795,406.20 100.00 355 40.57 7.664 594 78.09
----------------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE
RATE RATE
LOANS AS LOANS AS REMAINING DEBT-
NUMBER OF OF THE OF THE TERM TO TO- MORTGAGE
INITIAL PERIODIC MORTGAGE CUT-OFF CUT-OFF MATURITY INCOME RATES
RATE CAP (%) LOANS DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
2.000 5,077 748,795,406.20 100.00 355 40.57 7.664 594 78.09
======================================================================================================================
TOTAL: 5,077 748,795,406.20 100.00 355 40.57 7.664 594 78.09
----------------------------------------------------------------------------------------------------------------------
SUBSEQUENT PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE
RATE RATE
LOANS AS LOANS AS REMAINING DEBT-
NUMBER OF OF THE OF THE TERM TO TO- MORTGAGE
SUBSEQUENT PERIODIC MORTGAGE CUT-OFF CUT-OFF MATURITY INCOME RATES
RATE CAP (%) LOANS DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
1.000 5,077 748,795,406.20 100.00 355 40.57 7.664 594 78.09
======================================================================================================================
TOTAL: 5,077 748,795,406.20 100.00 355 40.57 7.664 594 78.09
----------------------------------------------------------------------------------------------------------------------
GROUP II MORTGAGE LOAN STATISTICS
The Group II Mortgage Loans consist of 559 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $263,984,945.51, after application of scheduled
payments due on or before the Cut-off Date whether or not received and
application of all unscheduled payments of principal received prior to the
Cut-off Date. None of the Group II Mortgage Loans had a first Due Date prior to
April 1, 2004 or after December 1, 2004, or will have a remaining term to stated
maturity of less than 177 months or greater than 360 months as of the Cut-off
Date. The latest maturity date of any Group II Collateral Selection Date
Mortgage Loan is November 1, 2034.
COLLATERAL TYPE
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
COLLATERAL TYPE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
2 YEAR ARMS 415 199,784,713.59 75.68 359 41.26 7.178 619 79.86
FIXED 144 64,200,231.92 24.32 352 39.44 6.728 683 79.49
======================================================================================================================
TOTAL: 559 263,984,945.51 100.00 357 40.82 7.069 635 79.77
----------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
RANGE OF NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
PRINCIPAL BALANCES MORTGAGE AS OF AS OF MATURITY INCOME RATES
AT ORIGINATION ($) LOANS ORIGINATION ORIGINATION (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 9 692,330.00 0.26 310 30.71 8.055 651 76.29
100,000.01 - 150,000.00 9 1,135,096.00 0.43 330 33.75 7.899 641 77.18
150,000.01 - 200,000.00 1 185,000.00 0.07 358 29.00 7.300 658 61.67
200,000.01 - 250,000.00 1 201,600.00 0.08 358 42.00 6.600 706 80.00
300,000.01 - 350,000.00 37 12,657,261.00 4.79 359 41.22 6.989 626 80.33
350,000.01 - 400,000.00 129 48,261,532.00 18.26 359 39.94 6.953 638 78.44
400,000.01 - 450,000.00 81 34,439,957.00 13.03 359 40.77 7.214 634 80.20
450,000.01 - 500,000.00 55 26,382,453.00 9.98 359 38.50 7.035 641 78.88
500,000.01 - 550,000.00 68 36,128,213.00 13.67 355 40.35 6.983 633 81.21
550,000.01 - 600,000.00 106 61,519,500.00 23.28 356 41.39 7.176 631 82.42
600,000.01 - 650,000.00 26 16,239,136.00 6.14 352 43.03 7.354 616 79.94
650,000.01 - 700,000.00 17 11,640,646.00 4.40 359 42.26 6.748 652 76.39
700,000.01 - 750,000.00 19 13,928,145.00 5.27 359 43.81 6.843 643 72.51
850,000.01 - 900,000.00 1 880,000.00 0.33 359 45.00 6.600 664 76.52
======================================================================================================================
TOTAL: 559 264,290,869.00 100.00 357 40.82 7.068 635 79.77
----------------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
------------------------------------------------------------------------------------------------------------------------
% OF
RANGE OF PRINCIPAL PRINCIPAL PRINCIPAL REMAINING DEBT-
BALANCES NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
AS OF THE MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
CUT-OFF DATE ($) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 9 690,159.34 0.26 310 30.72 8.058 651 76.29
100,000.01 - 150,000.00 9 1,133,718.54 0.43 330 33.75 7.900 641 77.18
150,000.01 - 200,000.00 1 184,713.35 0.07 358 29.00 7.300 658 61.67
200,000.01 - 250,000.00 1 201,241.54 0.08 358 42.00 6.600 706 80.00
300,000.01 - 350,000.00 37 12,643,526.29 4.79 359 41.22 6.989 626 80.33
350,000.01 - 400,000.00 130 48,610,808.27 18.41 359 40.01 6.946 638 78.27
400,000.01 - 450,000.00 80 33,998,063.95 12.88 359 40.68 7.227 634 80.47
450,000.01 - 500,000.00 55 26,354,899.47 9.98 359 38.50 7.035 641 78.88
500,000.01 - 550,000.00 68 36,083,603.26 13.67 355 40.35 6.983 633 81.22
550,000.01 - 600,000.00 106 61,450,739.97 23.28 356 41.40 7.176 631 82.42
600,000.01 - 650,000.00 26 16,220,266.76 6.14 352 43.03 7.355 616 79.94
650,000.01 - 700,000.00 17 11,616,391.42 4.40 359 42.26 6.748 652 76.38
700,000.01 - 750,000.00 19 13,917,593.55 5.27 359 43.81 6.844 643 72.51
850,000.01 - 900,000.00 1 879,219.80 0.33 359 45.00 6.600 664 76.52
========================================================================================================================
TOTAL: 559 263,984,945.51 100.00 357 40.82 7.069 635 79.77
------------------------------------------------------------------------------------------------------------------------
STATED REMAINING TERM TO MATURITY
------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
RANGE OF MONTHS MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
REMAINING LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------
121 - 180 2 713,058.44 0.27 177 47.03 7.122 637 68.90
181 - 240 8 2,659,114.30 1.01 238 37.26 6.420 680 84.95
301 - 360 549 260,612,772.77 98.72 359 40.84 7.075 634 79.75
========================================================================================================================
TOTAL: 559 263,984,945.51 100.00 357 40.82 7.069 635 79.77
------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
RANGE OF CURRENT MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
MORTGAGE RATES (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 65 29,156,923.72 11.04 354 38.61 5.891 705 77.12
6.000 - 6.499 119 56,491,903.80 21.40 359 40.42 6.236 661 79.55
6.500 - 6.999 154 76,040,425.62 28.80 355 40.02 6.736 637 78.99
7.000 - 7.499 59 27,885,590.83 10.56 358 40.28 7.235 615 80.45
7.500 - 7.999 76 36,776,648.81 13.93 359 42.91 7.721 595 79.46
8.000 - 8.499 19 8,593,639.16 3.26 358 42.30 8.242 591 82.86
8.500 - 8.999 31 14,302,766.54 5.42 358 43.22 8.749 578 84.65
9.000 - 9.499 9 3,755,761.06 1.42 359 41.16 9.259 597 79.99
9.500 - 9.999 17 6,682,899.18 2.53 357 44.89 9.684 613 82.91
10.000 - 10.499 1 364,351.99 0.14 359 46.00 10.400 560 90.00
10.500 - 10.999 3 1,052,539.09 0.40 359 43.49 10.765 616 84.33
11.000 - 11.499 3 1,673,136.44 0.63 359 47.70 11.432 569 82.02
11.500 - 11.999 3 1,208,359.27 0.46 359 35.72 11.875 583 89.14
========================================================================================================================
TOTAL: 559 263,984,945.51 100.00 357 40.82 7.069 635 79.77
------------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
RANGE OF ORIGINAL NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
LOAN-TO- MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
VALUE RATIOS (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------
25.01 - 30.00 1 371,005.09 0.14 357 44.00 6.600 728 27.69
30.01 - 35.00 1 749,230.69 0.28 359 26.00 5.850 705 30.49
40.01 - 45.00 2 786,000.86 0.30 359 49.00 7.750 560 41.85
45.01 - 50.00 2 1,198,452.66 0.45 359 39.00 6.900 585 50.00
50.01 - 55.00 1 419,691.40 0.16 359 51.00 7.550 542 51.85
55.01 - 60.00 17 8,421,371.82 3.19 359 39.83 6.645 642 57.55
60.01 - 65.00 31 15,065,060.12 5.71 358 36.66 6.616 647 62.93
65.01 - 70.00 35 14,802,030.49 5.61 351 41.06 6.813 627 68.21
70.01 - 75.00 71 32,630,443.37 12.36 359 40.18 7.122 607 73.28
75.01 - 80.00 110 50,449,258.72 19.11 357 40.68 6.889 635 78.59
80.01 - 85.00 107 53,317,702.27 20.20 359 41.10 7.319 631 83.83
85.01 - 90.00 178 84,325,246.88 31.94 356 41.88 7.180 646 89.03
90.01 - 95.00 3 1,449,451.14 0.55 359 35.15 6.577 630 93.03
========================================================================================================================
TOTAL: 559 263,984,945.51 100.00 357 40.82 7.069 635 79.77
------------------------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
RANGE OF FICO SCORES LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------
500 - 519 8 3,199,873.68 1.21 357 48.67 8.210 506 73.63
520 - 539 21 8,935,503.67 3.38 358 44.30 8.462 529 76.56
540 - 559 40 19,073,927.76 7.23 358 42.22 7.791 552 76.98
560 - 579 57 26,387,698.72 10.00 359 41.43 7.519 570 80.12
580 - 599 34 16,254,488.96 6.16 359 39.10 7.406 589 80.43
600 - 619 63 29,885,399.41 11.32 358 42.50 7.273 611 79.06
620 - 639 81 40,813,579.00 15.46 359 42.74 7.266 629 81.14
640 - 659 65 32,505,917.66 12.31 353 38.76 6.881 649 80.48
660 - 679 70 31,560,161.62 11.96 356 39.65 6.589 669 80.85
680 - 699 35 17,541,884.87 6.65 355 38.61 6.380 688 81.03
700 - 719 28 11,954,058.89 4.53 352 38.85 6.319 709 78.86
720 - 739 21 9,859,348.91 3.73 357 43.48 6.439 727 77.16
740 - 759 17 7,673,692.27 2.91 359 35.78 6.061 751 77.23
760 - 779 18 7,756,187.39 2.94 359 37.55 6.470 768 82.53
780 - 799 1 583,222.70 0.22 359 47.00 5.990 789 83.40
========================================================================================================================
TOTAL: 559 263,984,945.51 100.00 357 40.82 7.069 635 79.77
------------------------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
RANGE OF DEBT-TO- MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
INCOME RATIOS (%) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------
Less than or equal
20.00 34 15,227,584.94 5.77 358 12.67 6.989 642 79.10
20.01 - 25.00 26 11,469,635.08 4.34 359 23.30 7.094 629 76.40
25.01 - 30.00 32 14,199,986.59 5.38 354 28.13 6.690 660 76.10
30.01 - 35.00 60 26,357,318.00 9.98 355 33.01 6.829 643 80.44
35.01 - 40.00 67 32,247,923.25 12.22 358 38.18 6.913 637 79.24
40.01 - 45.00 103 49,131,598.27 18.61 357 43.14 7.020 638 80.01
45.01 - 50.00 184 86,802,271.42 32.88 357 48.18 7.208 634 81.01
50.01 - 55.00 53 28,548,627.96 10.81 359 52.98 7.345 604 79.10
========================================================================================================================
TOTAL: 559 263,984,945.51 100.00 357 40.82 7.069 635 79.77
------------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
----------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
STATE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------
CA 265 128,622,326.55 48.72 357 42.28 6.881 634 79.61
NY 59 30,589,201.02 11.59 359 41.09 7.031 647 77.39
MA 35 17,019,437.68 6.45 359 36.58 6.774 650 78.37
NJ 25 11,418,242.25 4.33 357 39.66 7.570 652 82.38
MD 20 9,424,160.77 3.57 359 45.20 7.662 628 79.13
FL 20 8,586,591.73 3.25 357 38.01 7.293 620 77.75
CT 15 6,920,251.74 2.62 358 39.51 7.063 611 69.68
MN 11 5,139,774.37 1.95 345 41.89 7.146 613 80.86
IL 10 4,907,808.52 1.86 356 45.06 7.412 604 81.79
TX 13 3,915,689.09 1.48 352 32.04 7.919 620 81.70
WA 8 3,890,441.40 1.47 358 40.64 6.889 662 87.10
MI 6 2,806,856.94 1.06 359 31.10 8.360 621 82.29
GA 6 2,758,727.33 1.05 359 40.48 8.121 598 81.44
PA 6 2,735,007.01 1.04 358 27.72 6.862 625 84.18
IN 7 2,494,340.53 0.94 359 37.97 7.943 650 87.39
UT 5 2,306,995.11 0.87 358 46.61 7.939 573 86.25
NH 4 2,198,655.08 0.83 357 42.50 6.362 650 81.21
HI 4 2,141,249.03 0.81 360 43.88 7.573 670 81.90
ME 5 2,039,652.23 0.77 359 28.84 7.621 634 83.16
NV 4 1,784,727.97 0.68 359 45.70 7.241 672 77.83
Other 31 12,284,809.16 4.65 353 36.92 7.168 629 84.72
================================================================================================================
TOTAL: 559 263,984,945.51 100.00 357 40.82 7.069 635 79.77
----------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
OCCUPATION STATUS* LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
Owner Occupied 530 250,993,054.94 95.08 357 41.36 7.025 634 79.57
Non-owner Occupied 21 9,194,791.90 3.48 359 28.30 7.990 652 83.81
Second Home 8 3,797,098.67 1.44 359 35.20 7.728 638 83.36
======================================================================================================================
TOTAL: 559 263,984,945.51 100.00 357 40.82 7.069 635 79.77
----------------------------------------------------------------------------------------------------------------------
* Based on mortgagor representation at origination.
DOCUMENTATION TYPE
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
INCOME DOCUMENTATION LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
Full Docs 376 182,147,082.93 69.00 356 40.81 6.945 636 80.43
Stated Docs 99 43,828,415.49 16.60 359 43.12 7.552 641 77.77
Limited Docs 84 38,009,447.09 14.40 358 38.21 7.102 622 78.91
======================================================================================================================
TOTAL: 559 263,984,945.51 100.00 357 40.82 7.069 635 79.77
----------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
PURPOSE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
Refi-Cash Out ** 533 250,950,828.18 95.06 357 41.07 7.068 634 79.82
Refi-No Cashout *** 20 9,630,273.50 3.65 359 36.82 7.010 639 76.38
Purchase 6 3,403,843.83 1.29 325 33.58 7.301 656 85.71
======================================================================================================================
TOTAL: 559 263,984,945.51 100.00 357 40.82 7.069 635 79.77
----------------------------------------------------------------------------------------------------------------------
** 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 DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
RISK CATEGORY LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
8A 67 31,030,195.18 11.75 356 39.43 6.309 739 79.42
7A 51 23,647,877.07 8.96 355 39.13 6.369 692 80.05
6A 67 30,007,117.27 11.37 356 39.70 6.513 669 80.74
5A 59 29,968,652.34 11.35 353 38.16 6.870 649 80.88
4A 74 37,896,399.57 14.36 359 42.35 7.110 632 81.74
3A 50 23,307,384.94 8.83 358 42.86 7.235 618 79.43
2A 116 54,444,868.24 20.62 359 40.60 7.446 582 79.77
A 23 11,846,550.74 4.49 359 41.52 8.220 577 81.31
B 34 14,403,124.95 5.46 358 45.05 8.205 542 74.84
C 18 7,432,775.21 2.82 358 45.22 7.978 539 70.10
======================================================================================================================
TOTAL: 559 263,984,945.51 100.00 357 40.82 7.069 635 79.77
----------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
PROPERTY TYPE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
Single Family Detached 477 224,862,146.59 85.18 357 40.83 7.055 636 79.88
PUD Detached 35 16,310,412.33 6.18 359 40.25 7.230 611 77.30
Two-to-Four Family 25 13,145,823.57 4.98 359 40.63 7.295 652 79.16
Condominium 20 9,496,834.71 3.60 359 42.00 6.768 615 82.19
Single Family Attached 1 86,359.69 0.03 359 16.00 9.750 636 82.29
Manufactured Housing 1 83,368.62 0.03 236 39.00 7.250 702 76.36
======================================================================================================================
TOTAL: 559 263,984,945.51 100.00 357 40.82 7.069 635 79.77
----------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
PREPAYMENT CHARGE NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
TERM AT MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
ORIGINATION (MOS.) LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
0 159 75,178,475.43 28.48 358 41.07 7.618 631 79.82
12 24 12,483,253.56 4.73 358 42.23 6.928 665 77.97
24 5 2,159,001.38 0.82 359 38.11 7.641 605 83.22
30 1 363,929.58 0.14 358 45.00 7.250 615 90.00
36 370 173,800,285.56 65.84 356 40.63 6.833 634 79.82
======================================================================================================================
TOTAL: 559 263,984,945.51 100.00 357 40.82 7.069 635 79.77
----------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
NUMBER OF BALANCE BALANCE TERM TO TO- MORTGAGE
CONFORMING MORTGAGE AS OF THE AS OF THE MATURITY INCOME RATES
BALANCE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
Conforming Balance 21 2,538,060.83 0.96 333 32.49 7.673 667 77.69
Non-Conforming Balance 538 261,446,884.68 99.04 357 40.90 7.063 634 79.79
======================================================================================================================
TOTAL: 559 263,984,945.51 100.00 357 40.82 7.069 635 79.77
----------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE
RATE RATE
RANGE OF LOANS AS LOANS AS REMAINING DEBT-
MAXIMUM NUMBER OF OF THE OF THE TERM TO TO- MORTGAGE
MORTGAGE MORTGAGE CUT-OFF CUT-OFF MATURITY INCOME RATES
RATES (%) LOANS DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
11.500 - 11.999 34 16,157,225.70 8.09 355 39.05 5.878 680 78.15
12.000 - 12.499 87 42,151,612.38 21.10 359 40.81 6.241 646 79.57
12.500 - 12.999 115 56,953,236.94 28.51 359 40.39 6.731 621 78.97
13.000 - 13.499 42 20,089,628.22 10.06 359 41.13 7.225 599 80.09
13.500 - 13.999 64 30,909,442.28 15.47 359 42.43 7.720 590 78.14
14.000 - 14.499 13 5,959,587.99 2.98 359 44.28 8.245 599 84.45
14.500 - 14.999 28 13,134,310.04 6.57 359 42.92 8.750 578 84.84
15.000 - 15.499 8 3,695,888.27 1.85 359 41.34 9.260 598 80.33
15.500 - 15.999 16 6,613,572.32 3.31 359 44.96 9.684 614 83.11
16.000 - 16.499 1 364,351.99 0.18 359 46.00 10.400 560 90.00
16.500 - 16.999 2 989,041.99 0.50 359 43.08 10.753 621 84.95
17.000 - 17.499 3 1,673,136.44 0.84 359 47.70 11.432 569 82.02
17.500 - 17.999 2 1,093,679.03 0.55 359 34.12 11.888 584 89.67
======================================================================================================================
TOTAL: 415 199,784,713.59 100.00 359 41.26 7.178 619 79.86
----------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE
RATE RATE
LOANS AS LOANS AS REMAINING DEBT-
RANGE OF MINIMUM NUMBER OF OF THE OF THE TERM TO TO- MORTGAGE
MORTGAGE MORTGAGE CUT-OFF CUT-OFF MATURITY INCOME RATES
RATES (%) LOANS DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 34 16,157,225.70 8.09 355 39.05 5.878 680 78.15
6.000 - 6.499 87 42,151,612.38 21.10 359 40.81 6.241 646 79.57
6.500 - 6.999 115 56,953,236.94 28.51 359 40.39 6.731 621 78.97
7.000 - 7.499 42 20,089,628.22 10.06 359 41.13 7.225 599 80.09
7.500 - 7.999 64 30,909,442.28 15.47 359 42.43 7.720 590 78.14
8.000 - 8.499 13 5,959,587.99 2.98 359 44.28 8.245 599 84.45
8.500 - 8.999 28 13,134,310.04 6.57 359 42.92 8.750 578 84.84
9.000 - 9.499 8 3,695,888.27 1.85 359 41.34 9.260 598 80.33
9.500 - 9.999 16 6,613,572.32 3.31 359 44.96 9.684 614 83.11
10.000 - 10.499 1 364,351.99 0.18 359 46.00 10.400 560 90.00
10.500 - 10.999 2 989,041.99 0.50 359 43.08 10.753 621 84.95
11.000 - 11.499 3 1,673,136.44 0.84 359 47.70 11.432 569 82.02
11.500 - 11.999 2 1,093,679.03 0.55 359 34.12 11.888 584 89.67
======================================================================================================================
TOTAL: 415 199,784,713.59 100.00 359 41.26 7.178 619 79.86
----------------------------------------------------------------------------------------------------------------------
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE
RATE RATE
LOANS AS LOANS AS REMAINING DEBT-
NUMBER OF OF THE OF THE TERM TO TO- MORTGAGE
RANGE OF GROSS MORTGAGE CUT-OFF CUT-OFF MATURITY INCOME RATES
MARGINS (%) LOANS DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
3.750 - 3.999 1 353,709.25 0.18 359 35.00 6.990 714 61.90
4.500 - 4.749 2 886,907.19 0.44 359 41.52 6.300 734 83.17
4.750 - 4.999 20 9,752,973.01 4.88 359 39.20 6.523 720 83.59
5.000 - 5.249 31 14,196,791.43 7.11 359 38.85 6.294 684 81.08
5.250 - 5.499 39 19,193,204.50 9.61 359 41.37 6.479 665 78.98
5.500 - 5.749 56 28,987,018.73 14.51 357 39.23 6.824 638 81.23
5.750 - 5.999 65 31,586,797.64 15.81 359 41.76 7.095 623 80.70
6.000 - 6.249 143 67,836,233.77 33.95 359 41.88 7.442 592 79.78
6.250 - 6.499 22 11,090,579.06 5.55 359 40.97 8.291 566 80.91
6.500 - 6.749 24 10,898,818.61 5.46 359 44.80 8.290 540 74.70
6.750 - 6.999 12 5,001,680.40 2.50 359 45.19 7.916 549 69.94
======================================================================================================================
TOTAL: 415 199,784,713.59 100.00 359 41.26 7.178 619 79.86
----------------------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE
RATE RATE
LOANS AS LOANS AS REMAINING DEBT-
NEXT RATE NUMBER OF OF THE OF THE TERM TO TO- MORTGAGE
ADJUSTMENT MORTGAGE CUT-OFF CUT-OFF MATURITY INCOME RATES
DATE LOANS DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
2006-07 1 408,593.27 0.20 356 45.00 8.990 563 90.00
2006-08 8 3,136,800.76 1.57 357 43.37 7.029 639 87.00
2006-09 26 12,343,978.57 6.18 358 40.40 7.571 613 80.52
2006-10 345 168,156,429.99 84.17 359 41.19 7.114 619 79.48
2006-11 35 15,738,911.00 7.88 360 42.13 7.534 616 81.74
======================================================================================================================
TOTAL: 415 199,784,713.59 100.00 359 41.26 7.178 619 79.86
----------------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE
RATE RATE
LOANS AS LOANS AS REMAINING DEBT-
NUMBER OF OF THE OF THE TERM TO TO- MORTGAGE
INITIAL PERIODIC MORTGAGE CUT-OFF CUT-OFF MATURITY INCOME RATES
RATE CAP (%) LOANS DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
2.000 415 199,784,713.59 100.00 359 41.26 7.178 619 79.86
======================================================================================================================
TOTAL: 415 199,784,713.59 100.00 359 41.26 7.178 619 79.86
----------------------------------------------------------------------------------------------------------------------
SUBSEQUENT PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE
RATE RATE
LOANS AS LOANS AS REMAINING DEBT-
NUMBER OF OF THE OF THE TERM TO TO- MORTGAGE
SUBSEQUENT PERIODIC MORTGAGE CUT-OFF CUT-OFF MATURITY INCOME RATES
RATE CAP (%) LOANS DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------
1.000 415 199,784,713.59 100.00 359 41.26 7.178 619 79.86
======================================================================================================================
TOTAL: 415 199,784,713.59 100.00 359 41.26 7.178 619 79.86
----------------------------------------------------------------------------------------------------------------------
