EXHIBIT 99.1
The pool (the "Mortgage Pool") of mortgage loans transferred to the
trust (the "Mortgage Loans") consists of conventional, one-to four- family,
adjustable-rate and fixed-rate mortgage loans. The Depositor purchased the
Mortgage Loans from the Seller pursuant to the Mortgage Loan Purchase Agreement,
dated February 3, 2004 (the "Mortgage Loan Purchase Agreement"), between the
Seller and the Depositor. Pursuant to the Pooling and Servicing Agreement, dated
as of the Cut-off Date (the "Pooling and Servicing Agreement"), among the
Depositor, the Master Servicer and the Trustee, the Depositor caused the
Mortgage Loans to be assigned to the Trustee for the benefit of the
certificateholders.
The Mortgage Loans are secured by mortgages or deeds of trust or other
similar security instruments creating first liens on residential properties (the
"Mortgaged Properties") consisting of attached, detached or semi-detached one-to
four-family dwelling units, individual condominium units or individual units in
planned unit developments and manufactured housing. The Mortgage Loans have
original terms to maturity of not greater than 30 years from the date on which
the first payment was due on each Mortgage Loan.
Each adjustable-rate Mortgage Loan will accrue interest at the
adjustable-rate calculated as specified under the terms of the related mortgage
note and each fixed-rate Mortgage Loan will have a Mortgage Rate that is fixed
for the life of such Mortgage (each such rate, a "Mortgage Rate").
Approximately 91.94% of the Mortgage Loans were originated by
Ameriquest and approximately 8.06% of the Mortgage Loans were originated by the
Seller's affiliate Town & Country Credit Corporation ("Town & Country" and
together with Ameriquest, the "Originators"), in each case, by aggregate
scheduled principal balance of the Mortgage Loans as of the Cut-off Date.
Each adjustable-rate Mortgage Loan will accrue interest at a Mortgage
Rate that is adjustable. The adjustable-rate Mortgage Loans will provide for
semi-annual adjustment to the Mortgage Rate thereon and for corresponding
adjustments to the monthly payment amount due thereon, in each case on each
adjustment date applicable thereto (each such date, an "Adjustment Date"). The
first adjustment will occur after an initial period of two years after
origination. On each Adjustment Date for each adjustable-rate Mortgage Loan, the
Mortgage Rate thereon will be adjusted (subject to rounding) to equal the sum of
the applicable Index (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 2.00% per annum on the first related Adjustment Date (the "Initial Periodic
Rate Cap") and will not increase or decrease by more than 1.00% per annum on any
Adjustment Date thereafter (the "Periodic Rate Cap"). Each Mortgage Rate on each
adjustable-rate Mortgage Loan will not exceed a specified maximum Mortgage Rate
over the life of such Mortgage Loan (the "Maximum Mortgage Rate") or be less
than a specified minimum Mortgage Rate over the life of such Mortgage Loan (the
"Minimum Mortgage Rate"). Effective with the first monthly payment due on each
adjustable-rate Mortgage Loan after each related Adjustment Date, the monthly
payment amount will be adjusted to an amount that will amortize fully the
outstanding principal balance of the related Mortgage Loan over its remaining
term, and pay interest at the Mortgage Rate as so adjusted. Due to the
application of the Periodic Rate Caps and the Maximum Mortgage Rates, the
Mortgage Rate on each such adjustable-rate Mortgage Loan, as adjusted on any
related Adjustment Date, may be less than the sum of the Index and the related
Gross Margin, rounded as described herein. None of the adjustable-rate Mortgage
Loans permits the related mortgagor to convert the adjustable Mortgage Rate
thereon to a fixed Mortgage Rate.
The Mortgage Loans have scheduled monthly payments due on the first day
of the month (with respect to each Mortgage Loan, a "Due Date"). Each Mortgage
Loan contains a customary "due-on-sale" clause which provides that (subject to
state and federal restrictions) the Mortgage Loan must be repaid at the time of
sale of the related Mortgaged Property or with the consent of the holder of the
mortgage note assumed by a creditworthy purchaser of the related Mortgaged
Property.
None of the Mortgage Loans are Buydown Mortgage Loans.
For purposes of calculating interest and principal distributions on the
Class A Certificates, the Mortgage Loans will be divided into two loan groups,
designated as the "Group I Mortgage Loans" and the "Group II Mortgage Loans."
The Group I Mortgage Loans will consist of adjustable-rate and fixed-rate
mortgage loans with principal balances at origination that conform to Freddie
Mac and Xxxxxx Xxx loan limits and the Group II Mortgage Loans will consist of
adjustable-rate and fixed-rate mortgage loans with principal balances at
origination that may or may not conform to Freddie Mac or Xxxxxx Xxx loan
limits.
Approximately 77.33% of the Group I Mortgage Loans and approximately
71.35% of the Group II Mortgage Loans, in each case by aggregate scheduled
principal balances of the related Loan Group as of the Cut-off Date, provide for
payment by the mortgagor of a prepayment charge on certain principal
prepayments, subject to certain limitations in the related mortgage note and
limitations upon collection in the Pooling and Servicing Agreement. Generally,
each such Mortgage Loan will provide for payment of a prepayment charge on
certain prepayments made within a defined period set forth in the related
Mortgage Note (generally within the first three years but possibly as short as
one year from the date of origination of such Mortgage Loan). The amount of the
prepayment charge is as provided in the related Mortgage Note. The holders of
the Class P Certificates will be entitled to all prepayment charges received on
the Mortgage Loans in both loan groups, 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.
GROUP I MORTGAGE LOAN STATISTICS
The Group I Mortgage Loans have an aggregate principal balance as of
the Cut-off Date of approximately $1,008,180,199, after application of scheduled
payments due on or before the Cut-off Date whether or not received. None of the
Group I Mortgage Loans had a first Due Date prior to August 2003 or after
February 2004, or will have a remaining term to stated maturity of less than 118
months or greater than 359 months as of the Cut-off Date. The latest maturity
date of any Group I Mortgage Loan is January 2034. The Group I Mortgage Loans
are expected to have the characteristics set forth in the following tables as of
the Cut-off Date (the sum in any column may not equal the total indicated due to
rounding).
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COLLATERAL TYPE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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2-yr Fixed / Adjustable-Rate 4,144 $ 655,176,373.76 64.99% 355 39.53 7.769 603 79.23
Fixed Rate 2,213 353,003,825.49 35.01 331 36.68 6.740 678 77.48
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TOTAL: 6,357 $1,008,180,199.25 100.00% 346 38.52 7.409 629 78.62
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PRINCIPAL BALANCES AT ORIGINATION
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PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
PRINCIPAL BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME COUPON OLTV
AT ORIGINATION ($) LOANS ORIGINATION ORIGINATION (MONTHS)* (%)* (%)* FICO* (%)
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50,001.00 - 100,000.00 1,616 $ 128,535,454.00 12.73% 332 36.73 8.122 610 73.66
100,001.00 - 150,000.00 1,777 220,251,120.00 21.81 341 38.07 7.647 622 78.07
150,001.00 - 200,000.00 1,250 217,214,602.00 21.51 347 38.97 7.378 629 78.86
200,001.00 - 250,000.00 888 199,392,380.00 19.75 352 38.73 7.181 638 79.47
250,001.00 - 300,000.00 526 143,744,238.00 14.24 351 39.42 7.054 641 81.34
300,001.00 - 350,000.00 249 79,370,109.00 7.86 356 38.94 6.999 636 80.77
350,001.00 - 400,000.00 25 9,371,390.00 0.93 358 42.07 7.009 647 75.43
400,001.00 - 450,000.00 15 6,249,495.00 0.62 358 35.36 6.851 649 78.40
450,001.00 - 500,000.00 6 2,907,700.00 0.29 359 46.87 7.218 664 82.22
500,001.00 - 550,000.00 4 2,103,000.00 0.21 359 31.76 6.204 705 79.00
550,001.00 - 600,000.00 1 585,000.00 0.06 359 47.00 9.500 564 65.00
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TOTAL: 6,357 $1,009,724,488.00 100.00% 346 38.52 7.408 629 78.62
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*Based on the original balances of the Mortgage Loans.
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PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
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PRINCIPAL REMAINING
RANGE OF PRINCIPAL NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
BALANCES AS OF THE CUT- MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
OFF DATE ($) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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50,000.01-100,000.00 1,621 $ 128,807,633.79 12.78% 332 36.70 8.121 610 73.67
100,000.01-150,000.00 1,776 219,986,492.66 21.82 341 38.11 7.645 622 78.09
150,000.01-200,000.00 1,247 216,493,454.44 21.47 347 38.97 7.380 628 78.85
200,000.01-250,000.00 888 199,157,400.10 19.75 352 38.71 7.179 638 79.45
250,000.01-300,000.00 526 143,577,562.98 14.24 351 39.46 7.06 641 81.36
300,000.01-350,000.00 249 79,316,864.93 7.87 356 38.83 6.987 636 80.80
350,000.01-400,000.00 24 9,010,164.88 0.89 358 42.66 7.048 648 75.17
400,000.01-450,000.00 15 6,240,999.51 0.62 358 35.37 6.851 649 78.40
450,000.01-500,000.00 6 2,904,561.18 0.29 359 46.87 7.218 664 82.21
500,001.00 - 550,000.00 4 2,100,352.53 0.21 359 31.77 6.205 705 79.00
550,001.00 - 600,000.00 1 584,712.25 0.06 359 47.00 9.500 564 65.00
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TOTAL: 6,357 $1,008,180,199.25 100.00% 346 38.52 7.409 629 78.62
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STATED REMAINING TERM TO MATURITY
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF MONTHS MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
REMAINING LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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60-120 12 $ 1,289,890.28 0.13% 118 28.55 6.186 737 61.19
000-000 000 42,534,138.74 4.22 179 34.63 6.873 673 72.71
000-000 000 33,840,076.14 3.36 238 36.68 6.973 664 78.28
240-300 14 1,677,282.18 0.17 299 30.69 6.485 727 67.09
300-360 5,722 928,838,811.91 92.13 358 38.8 7.452 626 78.94
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TOTAL: 6,357 $1,008,180,199.25 100.00% 346 38.52 7.409 629 78.62
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MORTGAGE RATE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF CURRENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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5.000-5.499 33 $ 7,034,992.53 0.70% 331 30.51 5.277 728 70.49
5.500-5.999 707 135,321,308.56 13.42 335 35.97 5.861 707 75.50
6.000-6.499 575 106,264,012.17 10.54 337 37.57 6.244 682 78.80
6.500-6.999 1,174 204,073,303.61 20.24 347 38.50 6.813 659 82.22
7.000-7.499 560 89,056,636.99 8.83 351 38.55 7.222 636 83.12
7.500-7.999 1,242 194,119,735.61 19.25 351 38.98 7.722 609 81.69
8.000-8.499 198 29,163,476.96 2.89 350 38.42 8.248 595 77.55
8.500-8.999 1,184 162,921,163.53 16.16 353 40.14 8.790 553 73.28
9.000-9.499 233 30,621,237.93 3.04 353 41.13 9.248 553 73.79
9.500-9.999 399 44,859,969.45 4.45 348 40.09 9.721 553 74.04
10.000-10.499 14 1,286,926.10 0.13 333 42.51 10.251 562 75.41
10.500-10.999 25 2,473,421.11 0.25 323 37.73 10.696 561 75.05
11.000-11.499 5 375,793.07 0.04 322 42.39 11.209 526 70.00
11.500-11.999 7 542,238.53 0.05 359 43.66 11.825 555 69.86
12.500-12.999 1 65,983.10 0.01 359 35.00 12.500 536 76.74
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TOTAL: 6,357 $1,008,180,199.25 100.00% 346 38.52 7.409 629 78.62
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ORIGINAL LOAN-TO-VALUE RATIOS
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PRINCIPAL REMAINING
RANGE OF ORIGINAL NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
LOAN-TO-VALUE RATIOS MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
(%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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25.000 or less 27 $ 2,726,671.69 0.27% 324 37.84 7.179 646 19.81
25.001 - 30.000 33 3,401,527.69 0.34 319 33.27 7.014 671 27.74
30.001 - 35.000 40 4,737,341.50 0.47 322 31.19 6.807 666 32.96
35.001 - 40.000 57 7,643,291.46 0.76 333 34.33 7.286 636 37.55
40.001 - 45.000 84 11,198,891.19 1.11 332 34.65 7.314 634 42.76
45.001 - 50.000 89 10,858,096.64 1.08 324 36.41 7.451 630 47.63
50.001 - 55.000 149 21,520,834.27 2.13 343 35.29 7.267 630 52.78
55.001 - 60.000 268 37,896,963.06 3.76 343 38.13 7.746 607 58.13
60.001 - 65.000 316 48,855,094.92 4.85 345 37.58 7.544 615 62.94
65.001 - 70.000 405 60,609,785.28 6.01 342 37.98 7.569 616 68.03
70.001 - 75.000 943 137,687,740.02 13.66 348 38.64 8.152 582 73.70
75.001 - 80.000 769 120,388,082.96 11.94 344 37.96 7.343 634 78.51
80.001 - 85.000 871 138,935,632.49 13.78 351 38.31 7.571 620 83.66
85.001 - 90.000 2,090 364,791,765.87 36.18 348 39.44 7.078 648 88.96
90.001 - 95.000 216 36,928,480.21 3.66 348 40.29 6.970 696 93.64
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TOTAL: 6,357 $1,008,180,199.25 100.00% 346 38.52 7.409 629 78.62
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FICO SCORE AT ORIGINATION
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RANGE OF FICO SCORES LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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500-519 409 $ 53,059,450.33 5.26% 352 41.26 9.008 510 68.64
520-539 567 81,101,700.03 8.04 355 40.69 8.842 529 72.67
540-559 534 76,078,484.57 7.55 353 39.87 8.453 550 74.40
560-579 449 69,819,366.46 6.93 354 39.23 8.049 570 79.17
580-599 434 67,200,393.89 6.67 353 38.73 8.036 589 79.73
600-619 493 79,363,936.08 7.87 350 38.61 7.661 610 80.64
620-639 663 108,365,166.58 10.75 351 38.31 7.249 629 81.65
640-659 734 123,300,430.69 12.23 349 38.99 7.039 649 82.31
660-679 534 88,711,039.68 8.80 342 37.96 6.797 669 81.24
680-699 551 93,916,592.56 9.32 341 37.64 6.556 689 80.84
700-719 328 56,668,494.42 5.62 334 36.44 6.394 709 79.51
720-739 284 48,359,206.70 4.80 332 36.83 6.269 729 78.17
740-759 220 36,455,306.33 3.62 320 36.02 6.194 749 76.54
760-779 104 16,997,750.05 1.69 334 34.65 6.184 768 76.47
780-799 49 7,980,899.25 0.79 341 34.87 5.968 787 69.52
800-819 4 801,981.63 0.08 341 29.61 6.062 806 63.17
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TOTAL: 6,357 $1,008,180,199.25 100.00% 346 38.52 7.409 629 78.62
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DEBT-TO-INCOME RATIO
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF DEBT-TO- MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
INCOME RATIOS (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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20.000 or less 433 $ 63,465,799.10 6.30% 339 13.88 7.227 640 75.56
20.001-25.000 391 56,833,661.78 5.64 342 23.13 7.248 641 75.66
25.001-30.000 613 88,824,320.65 8.81 337 28.16 7.263 640 76.44
30.001-35.000 825 128,933,488.96 12.79 344 33.07 7.291 636 78.07
35.001-40.000 1,000 160,379,418.61 15.91 347 38.03 7.329 634 78.77
40.001-45.000 1,229 201,966,455.34 20.03 350 43.11 7.402 630 79.00
45.001-50.000 1,529 255,100,264.20 25.30 349 48.13 7.429 629 81.66
50.001-55.000 337 52,676,790.61 5.22 354 53.03 8.504 558 73.80
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TOTAL: 6,357 $1,008,180,199.25 100.00% 346 38.52 7.409 629 78.62
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GEOGRAPHIC DISTRIBUTION
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
STATE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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California 1,189 $ 244,085,945.05 24.21% 350 37.94 6.941 641 75.50
Florida 823 100,935,646.38 10.01 348 38.83 7.774 612 79.44
Massachusetts 376 79,197,177.38 7.86 354 38.92 7.232 631 75.63
New York 278 63,867,351.69 6.33 349 39.04 7.289 641 76.03
Michigan 368 46,865,198.46 4.65 352 38.86 7.769 617 81.49
Minnesota 246 40,945,421.78 4.06 350 38.82 7.519 624 81.59
Maryland 232 39,180,075.62 3.89 343 38.25 7.662 615 80.02
Illinois 232 36,692,421.51 3.64 344 39.59 7.725 624 80.68
Pennsylvania 259 32,716,943.47 3.25 335 38.52 7.576 625 80.99
Washington 182 31,696,352.05 3.14 346 37.65 6.927 650 82.77
New Jersey 154 28,516,994.80 2.83 344 39.08 7.562 634 78.11
Connecticut 180 28,479,773.91 2.82 344 39.02 7.565 628 77.75
Texas 234 27,004,124.62 2.68 325 37.30 7.729 620 76.32
Colorado 134 21,593,324.63 2.14 353 37.55 7.187 634 81.78
Wisconsin 136 19,879,419.89 1.97 342 38.70 7.516 646 82.22
Rhode Island 94 16,269,925.91 1.61 348 40.60 7.669 616 76.01
Arizona 116 15,832,467.53 1.57 350 39.15 7.419 634 82.23
Indiana 124 13,906,964.58 1.38 337 39.19 7.625 622 83.80
Missouri 96 10,934,522.11 1.08 349 40.26 7.793 609 82.79
Ohio 84 9,314,338.90 0.92 339 38.97 7.458 622 81.31
Other 820 100,265,808.98 9.95 339 38.17 7.796 624 81.48
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TOTAL: 6,357 $1,008,180,199.25 100.00% 346 38.52 7.409 629 78.62
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OCCUPANCY STATUS
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
OCCUPATION STATUS* LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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Owner Occupied 6,018 $ 957,388,798.62 94.96% 346 38.92 7.413 628 78.62
Non-Owner Occupied 260 37,835,405.40 3.75 349 28.83 7.337 654 78.42
Second Home 79 12,955,995.23 1.29 350 37.71 7.324 650 78.88
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TOTAL: 6,357 $1,008,180,199.25 100.00% 346 38.52 7.409 629 78.62
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*Based on mortgagor representation at origination.
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DOCUMENTATION TYPE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
INCOME DOCUMENTATION LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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Full Documentation 4,326 $ 665,221,374.79 65.98% 344 38.79 7.352 631 79.99
Stated Documentation 1,231 203,121,356.46 20.15 352 38.55 7.533 632 73.58
Limited Documentation 800 139,837,468.00 13.87 351 37.23 7.497 619 79.39
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TOTAL: 6,357 $1,008,180,199.25 100.00% 346 38.52 7.409 629 78.62
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LOAN PURPOSE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
PURPOSE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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Refinance-Debt 5,895 $ 937,927,364.85 93.03% 347 38.57 7.434 628 78.57
Consolidation Cash Out**
Refinance-Debt 449 67,812,828.92 6.73 341 38.09 7.045 651 78.85
Consolidation No Cash Out***
Purchase 13 2,440,005.48 0.24 359 32.16 7.813 661 88.34
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TOTAL: 6,357 $1,008,180,199.25 100.00% 346 38.52 7.409 629 78.62
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** 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.
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CREDIT GRADE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RISK CATEGORY LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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8A 816 $ 139,577,685.30 13.84% 330 36.02 6.202 739 77.01
7A 705 119,118,110.84 11.82 339 37.41 6.528 692 81.09
6A 503 83,215,227.47 8.25 341 38.15 6.765 669 81.69
5A 688 117,031,523.47 11.61 348 38.83 7.004 649 82.73
4A 608 99,662,332.68 9.89 350 38.48 7.175 632 81.94
3A 392 63,922,603.29 6.34 350 38.41 7.474 614 80.75
2A 933 146,600,825.21 14.54 353 38.84 7.804 584 81.65
A 180 26,943,677.56 2.67 354 39.49 8.251 574 76.88
B 660 93,804,566.12 9.30 355 41.00 8.75 540 74.11
C 802 109,664,770.82 10.88 353 39.90 8.961 537 68.83
D 70 8,638,876.49 0.86 356 42.38 9.325 528 58.07
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TOTAL: 6,357 $1,008,180,199.25 100.00% 346 38.52 7.409 629 78.62
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PROPERTY TYPE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
PROPERTY TYPE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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Single Family Detached 5,151 $ 808,831,154.37 80.23% 346 38.57 7.418 628 78.95
Two-to Four Family 340 77,205,458.67 7.66 355 38.65 7.269 642 75.21
Condominium 296 48,216,003.88 4.78 350 38.28 7.077 646 79.66
PUD Detached 247 41,147,956.93 4.08 348 38.92 7.544 617 80.61
Manufactured Housing 260 24,830,165.79 2.46 337 36.39 7.858 632 72.08
PUD Attached 29 4,219,244.82 0.42 346 39.73 7.602 629 80.93
Single Family Attached 34 3,730,214.79 0.37 344 38.38 7.837 628 81.44
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TOTAL: 6,357 $1,008,180,199.25 100.00% 346 38.52 7.409 629 78.62
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PREPAYMENT CHARGE TERM
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PRINCIPAL REMAINING
PREPAYMENT CHARGE NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
TERM AT ORIGINATION MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
(MOS.) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
0 1,413 $ 228,553,015.20 22.67% 345 38.94 7.663 624 78.61
12 188 36,059,309.68 3.58 340 38.27 7.073 652 75.13
24 12 2,370,010.80 0.24 359 38.97 7.553 616 77.14
30 20 3,680,751.29 0.37 349 39.72 7.606 617 81.15
36 4,724 737,517,112.28 73.15 347 38.40 7.345 630 78.78
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 6,357 $1,008,180,199.25 100.00% 346 38.52 7.409 629 78.62
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
CONFORMING BALANCE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Conforming 6,357 $1,008,180,199.25 100.00% 346 38.52 7.409 629 78.62
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 6,357 $1,008,180,199.25 100.00% 346 38.52 7.409 629 78.62
-----------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE ADJUSTABLE RATE TERM TO DEBT-TO- GROSS
RANGE OF MAXIMUM MORTGAGE RATE LOANS AS OF LOANS AS OF THE MATURITY INCOME COUPON OLTV
MORTGAGE RATES (%) LOANS THE CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
11.000-11.499 1 $ 270,298.19 0.04% 359 38.00 5.400 687 83.26
11.500-11.999 146 29,925,635.77 4.57 355 37.99 5.937 694 81.06
12.000-12.499 198 37,714,545.89 5.76 355 39.17 6.249 675 83.19
12.500-12.999 708 127,498,279.82 19.46 355 39.56 6.846 646 82.55
13.000-13.499 442 72,260,357.29 11.03 354 38.56 7.222 629 83.41
13.500-13.999 906 149,151,134.82 22.77 356 39.08 7.714 599 81.87
14.000-14.499 142 21,809,463.01 3.33 354 38.38 8.243 584 78.31
14.500-14.999 1,088 152,331,128.86 23.25 355 40.44 8.793 549 72.89
15.000-15.499 212 28,254,017.96 4.31 353 41.02 9.247 548 73.24
15.500-15.999 301 35,961,512.15 5.49 355 40.62 9.718 551 74.54
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 4,144 $ 655,176,373.76 100.00% 355 39.53 7.769 603 79.23
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE ADJUSTABLE RATE TERM TO DEBT-TO- GROSS
RANGE OF MINIMUM MORTGAGE RATE LOANS AS OF LOANS AS OF THE MATURITY INCOME COUPON OLTV
MORTGAGE RATES (%) LOANS THE CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.000-5.499 1 $ 270,298.19 0.04% 359 38.00 5.400 687 83.26
5.500-5.999 146 29,925,635.77 4.57 355 37.99 5.937 694 81.06
6.000-6.499 198 37,714,545.89 5.76 355 39.17 6.249 675 83.19
6.500-6.999 708 127,498,279.82 19.46 355 39.56 6.846 646 82.55
7.000-7.499 442 72,260,357.29 11.03 354 38.56 7.222 629 83.41
7.500-7.999 906 149,151,134.82 22.77 356 39.08 7.714 599 81.87
8.000-8.499 142 21,809,463.01 3.33 354 38.38 8.243 584 78.31
8.500-8.999 1,088 152,331,128.86 23.25 355 40.44 8.793 549 72.89
9.000-9.499 212 28,254,017.96 4.31 353 41.02 9.247 548 73.24
9.500-9.999 301 35,961,512.15 5.49 355 40.62 9.718 551 74.54
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 4,144 $ 655,176,373.76 100.00% 355 39.53 7.769 603 79.23
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE ADJUSTABLE RATE TERM TO DEBT-TO- GROSS
RANGE OF GROSS MORTGAGE RATE LOANS AS OF LOANS AS OF THE MATURITY INCOME COUPON OLTV
MARGINS (%) LOANS THE CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
3.000-3.249 1 $ 160,339.91 0.02% 359 23.00 5.990 781 82.01
3.250-3.499 1 92,387.52 0.01 358 38.00 8.500 560 54.41
3.500-3.749 1 172,850.59 0.03 359 43.00 5.500 737 80.00
4.000-4.249 7 1,047,555.41 0.16 359 43.11 6.990 687 89.08
4.250-4.499 2 489,069.79 0.07 358 42.1 7.990 614 87.68
4.500-4.749 8 1,288,386.46 0.20 359 42.91 6.490 734 79.97
4.750-4.999 175 32,066,782.79 4.89 355 39.11 6.450 732 83.10
5.000-5.249 257 42,587,961.64 6.50 355 38.42 6.705 688 84.86
5.250-5.499 255 44,148,166.18 6.74 353 39.72 6.969 667 83.78
5.500-5.749 465 79,757,072.73 12.17 353 39.94 7.117 646 84.16
5.750-5.999 402 68,399,894.16 10.44 357 38.79 7.275 626 82.68
6.000-6.249 1,091 173,051,561.67 26.41 355 38.68 7.729 589 81.80
6.250-6.499 149 22,851,381.35 3.49 356 39.51 8.346 568 76.86
6.500-6.749 649 93,949,504.00 14.34 355 41.04 8.773 537 73.56
6.750-6.999 681 95,113,459.56 14.52 354 40.26 8.936 536 68.03
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 4,144 $ 655,176,373.76 100.00% 355 39.53 7.769 603 79.23
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
NEXT ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE ADJUSTABLE RATE TERM TO DEBT-TO- GROSS
MORTGAGE RATE LOANS AS OF LOANS AS OF THE MATURITY INCOME COUPON OLTV
NEXT ADJUSTMENT DATE LOANS THE CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
July 2005 1 $ 180,628.51 0.03% 353 46.00 7.990 601 58.55
August 2005 115 18,275,926.26 2.79 354 40.09 8.389 595 77.79
September 2005 69 10,117,129.60 1.54 349 42.23 8.488 598 74.33
October 2005 48 6,346,991.36 0.97 356 41.53 8.436 597 79.39
November 2005 29 4,880,571.93 0.74 353 44.57 7.933 608 82.27
December 2005 1,163 188,927,475.96 28.84 355 40.02 7.649 606 80.32
January 2006 2,719 426,447,650.14 65.09 355 39.14 7.767 603 78.90
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 4,144 $ 655,176,373.76 100.00% 355 39.53 7.769 603 79.23
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE ADJUSTABLE RATE TERM TO DEBT-TO- GROSS
INITIAL PERIODIC MORTGAGE RATE LOANS AS OF LOANS AS OF THE MATURITY INCOME COUPON OLTV
CAP (%) LOANS THE CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2.000 4,144 $ 655,176,373.76 100.00% 355 39.53 7.769 603 79.23
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 4,144 $ 655,176,373.76 100.00% 355 39.53 7.769 603 79.23
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE ADJUSTABLE RATE TERM TO DEBT-TO- GROSS
PERIODIC MORTGAGE RATE LOANS AS OF LOANS AS OF THE MATURITY INCOME COUPON OLTV
CAP (%) LOANS THE CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
1.000 4,144 $ 655,176,373.76 100.00% 355 39.53 7.769 603 79.23
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 4,144 $ 655,176,373.76 100.00% 355 39.53 7.769 603 79.23
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II MORTGAGE LOAN STATISTICS
The Group II Mortgage Loans have an aggregate principal balance as of
the Cut-off Date of approximately $291,820,103, after application of scheduled
payments due on or before the Cut-off Date whether or not received. None of the
Group II Mortgage Loans had a first Due Date prior to September 2003 or after
February 2004, or will have a remaining term to stated maturity of less than 174
months or greater than 359 months as of the Cut-off Date. The latest maturity
date of any Group II Mortgage Loan is January 2034. The Group II Mortgage Loans
are expected to have the characteristics set forth in the following tables as of
the Cut-off Date (the sum in any column may not equal the total indicated due to
rounding).
-----------------------------------------------------------------------------------------------------------------------------------
COLLATERAL TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2-yr Fixed / Adjustable-Rate 699 $ 189,810,312.60 65.04% 356 40.69 8.166 604 80.48
Fixed Rate 258 102,009,790.84 34.96 348 37.64 6.333 684 79.59
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 957 $ 291,820,103.44 100.00% 353 39.62 7.525 632 80.17
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
PRINCIPAL BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME COUPON OLTV
AT ORIGINATION ($) LOANS ORIGINATION ORIGINATION (MONTHS)* (%)* (%)* FICO* (%)
-----------------------------------------------------------------------------------------------------------------------------------
50,001.00 - 100,000.00 209 $ 15,285,954.00 5.23% 347 39.66 10.517 558 74.74
100,001.00 - 150,000.00 88 10,678,910.00 3.65 354 40.61 10.013 556 77.59
150,001.00 - 200,000.00 35 5,920,250.00 2.03 358 42.36 9.973 554 77.42
200,001.00 - 250,000.00 26 5,769,500.00 1.97 350 43.12 9.847 552 75.33
250,001.00 - 300,000.00 18 4,927,292.00 1.69 358 42.95 10.191 574 78.92
300,001.00 - 350,000.00 92 31,259,150.00 10.70 353 39.55 7.169 634 82.57
350,001.00 - 400,000.00 183 68,320,291.00 23.38 352 39.67 6.970 648 81.92
400,001.00 - 450,000.00 113 48,054,122.00 16.44 348 39.68 6.828 661 81.56
450,001.00 - 500,000.00 73 34,918,041.00 11.95 358 40.23 7.038 639 80.63
500,001.00 - 550,001.00 59 31,111,809.00 10.65 358 38.53 7.191 651 79.41
550,001.00 - 600,000.00 59 34,662,095.00 11.86 356 37.84 7.420 627 77.92
600,001.00 - 650,001.00 1 645,000.00 0.22 359 42.00 5.750 657 66.84
650,001.00 - 700,000.00 1 679,000.00 0.23 359 47.00 9.350 675 70.00
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 957 $ 292,231,414.00 100.00% 353 39.62 7.525 632 80.17
-----------------------------------------------------------------------------------------------------------------------------------
*Based on the original balances of the Mortgage Loans.
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AS OF THE CUT-OFF DATE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF PRINCIPAL NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
BALANCES AS OF THE CUT- MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
OFF DATE ($) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01-100,000.00 209 $ 15,269,503.92 5.23% 347 39.66 10.517 558 74.74
100,000.01-150,000.00 88 10,667,921.79 3.66 354 40.61 10.012 556 77.58
150,000.01-200,000.00 36 6,114,954.07 2.10 354 42.67 9.974 553 76.85
200,000.01-250,000.00 26 5,814,723.56 1.99 354 43.24 9.848 554 76.14
250,000.01-300,000.00 17 4,673,883.12 1.60 358 42.41 10.201 574 78.77
300,000.01-350,000.00 96 32,609,542.68 11.17 352 39.56 7.138 636 82.44
350,000.01-400,000.00 179 66,818,544.25 22.90 352 39.67 6.982 647 81.97
400,000.01-450,000.00 113 47,981,444.05 16.44 348 39.68 6.828 661 81.56
450,000.01-500,000.00 74 35,369,652.36 12.12 358 40.34 7.017 640 80.47
500,000.01-550,000.00 58 30,568,236.76 10.48 358 38.38 7.220 650 79.57
550,000.01-600,000.00 59 34,608,750.95 11.86 356 37.85 7.420 627 77.93
600,001.00 - 650,001.00 1 644,290.63 0.22 359 42.00 5.750 657 66.84
650,001.00 - 700,000.00 1 678,655.30 0.23 359 47.00 9.350 675 70.00
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 957 $ 291,820,103.44 100.00% 353 39.62 7.525 632 80.17
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
STATED REMAINING TERM TO MATURITY
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF MONTHS MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
REMAINING LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
120 - 180 20 $ 5,388,854.16 1.85% 178 38.63 6.968 652 79.98
180 - 240 22 4,475,936.31 1.53 238 39.16 7.088 641 76.15
300 - 360 915 281,955,312.97 96.62 358 39.65 7.543 632 80.23
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 957 $ 291,820,103.44 100.00% 353 39.62 7.525 632 80.17
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF CURRENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.000-5.499 10 $ 4,514,692.43 1.55% 358 33.99 5.255 724 75.77
5.500-5.999 149 63,317,420.85 21.70 349 37.85 5.822 706 78.95
6.000-6.499 67 27,714,077.38 9.50 356 39.25 6.217 674 84.31
6.500-6.999 150 62,827,295.64 21.53 354 40.03 6.783 643 83.85
7.000-7.499 41 15,867,304.19 5.44 353 39.00 7.227 627 84.79
7.500-7.999 98 36,772,377.27 12.60 353 40.39 7.760 602 79.38
8.000-8.499 17 5,554,286.31 1.90 356 42.40 8.280 597 83.46
8.500-8.999 70 21,262,636.10 7.29 354 40.50 8.751 558 76.63
9.000-9.499 13 4,723,506.82 1.62 359 43.40 9.222 597 72.43
9.500-9.999 57 12,367,689.72 4.24 354 40.31 9.842 563 76.69
10.000-10.499 74 9,307,635.56 3.19 356 41.77 10.252 552 75.72
10.500-10.999 114 13,949,236.28 4.78 353 39.90 10.733 550 74.23
11.000-11.499 32 3,693,790.43 1.27 357 39.32 11.176 575 76.56
11.500-11.999 34 4,905,590.93 1.68 356 39.71 11.704 562 78.42
12.000-12.499 14 1,637,058.75 0.56 359 43.84 12.271 541 77.85
12.500-12.999 14 2,680,559.83 0.92 359 43.35 12.771 548 77.19
13.000-13.499 2 658,656.89 0.23 359 46.79 13.227 529 80.74
14.000-14.499 1 66,288.06 0.02 359 20.00 14.050 598 85.00
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 957 $ 291,820,103.44 100.00% 353 39.62 7.525 632 80.17
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF ORIGINAL NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
LOAN-TO-VALUE RATIOS MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
(%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
25.000 or less 1 $ 71,804.32 0.02% 354 29.00 9.990 625 19.10
25.001-30.000 2 574,021.92 0.20 357 38.28 6.125 674 28.74
30.001-35.000 3 619,504.62 0.21 359 12.18 6.924 736 32.05
35.001-40.000 4 1,165,212.73 0.40 359 35.94 8.323 605 39.49
40.001-45.000 5 1,339,146.24 0.46 359 29.91 8.181 569 43.54
45.001-50.000 8 2,133,173.74 0.73 354 32.00 8.155 598 48.84
50.001-55.000 18 4,673,146.85 1.60 356 37.23 7.952 594 53.64
55.001-60.000 26 7,244,822.91 2.48 343 40.41 8.180 606 58.12
60.001-65.000 42 10,073,978.06 3.45 346 39.02 7.808 625 62.59
65.001-70.000 58 18,856,428.46 6.46 351 35.83 7.152 637 68.06
70.001-75.000 158 31,735,422.43 10.87 356 40.12 8.827 582 73.75
75.001-80.000 145 46,647,931.75 15.99 352 40.64 7.532 629 78.58
80.001-85.000 184 53,734,109.72 18.41 354 40.17 7.934 625 83.54
85.001-90.000 293 109,967,431.78 37.68 354 40.01 6.922 656 89.03
90.001-95.000 10 2,983,967.91 1.02 354 39.50 6.853 648 92.75
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 957 $ 291,820,103.44 100.00% 353 39.62 7.525 632 80.17
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RANGE OF FICO SCORES LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
500-519 86 $ 15,189,962.46 5.21% 355 39.43 9.820 510 68.29
000-000 000 20,976,415.97 7.19 354 43.10 9.823 529 77.37
000-000 000 22,004,732.19 7.54 355 40.59 9.308 550 76.72
560-579 84 22,912,441.00 7.85 356 39.45 8.406 569 79.21
580-599 78 23,168,842.46 7.94 354 41.63 8.251 589 80.36
600-619 57 15,038,713.60 5.15 357 40.87 8.072 609 84.16
620-639 76 27,524,903.81 9.43 358 41.96 7.052 629 82.55
640-659 89 35,873,560.15 12.29 349 38.11 6.892 650 81.60
660-679 65 26,759,792.54 9.17 352 38.97 6.880 670 84.45
680-699 65 26,990,809.12 9.25 352 38.34 6.278 689 81.33
700-719 55 22,977,649.23 7.87 346 37.89 6.226 710 82.03
720-739 31 13,347,104.48 4.57 355 39.72 6.019 729 81.15
740-759 26 10,257,848.44 3.52 353 37.75 5.812 747 77.52
760-779 10 4,154,330.61 1.42 359 36.37 6.389 771 80.61
780-799 9 3,768,668.60 1.29 359 29.58 5.615 789 73.04
800-819 2 874,328.78 0.30 358 37.24 5.898 802 86.14
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 957 $ 291,820,103.44 100.00% 353 39.62 7.525 632 80.17
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF DEBT-TO- MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
INCOME RATIOS (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
20.000 or less 71 $ 22,460,684.73 7.70% 358 14.24 7.503 631 75.83
20.001-25.000 40 10,647,942.19 3.65 349 23.16 7.666 639 79.02
25.001-30.000 67 22,407,904.69 7.68 350 28.03 7.169 658 78.52
30.001-35.000 94 28,209,606.88 9.67 348 33.01 7.329 642 79.48
35.001-40.000 134 40,808,841.68 13.98 353 38.14 7.460 634 81.90
40.001-45.000 198 62,053,055.37 21.26 356 43.02 7.314 641 80.65
45.001-50.000 240 76,674,336.18 26.27 354 48.09 7.580 627 81.45
50.001-55.000 113 28,557,731.72 9.79 353 53.35 8.367 593 79.00
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 957 $ 291,820,103.44 100.00% 353 39.62 7.525 632 80.17
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
STATE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
California 334 $ 135,904,006.45 46.57% 353 39.08 6.991 644 80.79
New York 75 26,888,601.32 9.21 359 37.18 7.590 634 81.55
Massachusetts 57 20,325,040.63 6.96 358 42.45 7.584 629 80.45
Florida 60 13,739,077.37 4.71 356 38.45 8.066 612 76.44
Illinois 39 8,712,666.66 2.99 359 41.38 8.583 601 79.37
Texas 66 8,502,380.20 2.91 330 43.85 9.328 587 76.75
Maryland 24 7,968,500.37 2.73 358 43.63 7.415 642 85.65
New Jersey 23 7,733,041.51 2.65 347 38.09 8.089 612 77.73
Colorado 16 6,202,970.52 2.13 359 34.15 7.495 651 77.05
Washington 17 5,908,125.02 2.02 345 43.43 6.814 653 80.69
Michigan 32 5,825,370.86 2.00 346 42.07 8.494 606 76.08
Minnesota 16 4,357,980.67 1.49 358 40.00 7.846 624 82.97
Connecticut 12 4,195,551.38 1.44 359 39.65 7.921 605 79.41
Pennsylvania 22 3,811,456.06 1.31 343 36.38 8.136 630 82.45
Rhode Islance 8 3,323,219.29 1.14 358 36.97 6.850 635 69.71
Wisconsin 17 3,029,265.90 1.04 358 44.92 8.574 616 79.52
Maine 8 2,943,953.00 1.01 354 34.48 8.619 640 80.93
Hawaii 6 2,718,640.56 0.93 358 42.32 7.013 671 84.15
Georgia 13 2,130,622.32 0.73 359 39.35 9.410 575 72.02
Missouri 10 2,024,617.39 0.69 353 45.67 8.395 596 83.25
Other 102 15,575,015.96 5.34 345 41.07 8.744 607 79.63
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 957 $ 291,820,103.44 100.00% 353 39.62 7.525 632 80.17
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
OCCUPATION STATUS* LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 915 $ 279,291,092.84 95.71% 353 40.08 7.498 632 80.31
Non-Owner Occupied 26 5,706,862.98 1.96 358 27.52 8.040 637 80.23
Second Home 16 6,822,147.62 2.34 347 30.98 8.216 632 74.36
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 957 $ 291,820,103.44 100.00% 353 39.62 7.525 632 80.17
-----------------------------------------------------------------------------------------------------------------------------------
*Based on mortgagor representation at origination.
-----------------------------------------------------------------------------------------------------------------------------------
DOCUMENTATION TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
INCOME DOCUMENTATION LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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Full Documentation 586 $ 186,338,774.67 63.85% 353 39.31 7.299 636 81.22
Stated Documentation 242 61,543,871.74 21.09 356 41.32 8.256 626 76.53
Limited Documentation 129 43,937,457.03 15.06 352 38.56 7.459 627 80.81
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TOTAL: 957 $ 291,820,103.44 100.00% 353 39.62 7.525 632 80.17
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LOAN PURPOSE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
PURPOSE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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Refinance-Debt 892 $ 273,910,953.67 93.86% 353 39.86 7.544 631 80.47
Consolidation Cash Out**
Refinance-Debt 61 16,727,630.01 5.73 354 35.37 7.186 648 74.95
Consolidation No Cash Out***
Purchase 4 1,181,519.76 0.40 358 45.00 7.975 609 83.04
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TOTAL: 957 $ 291,820,103.44 100.00% 353 39.62 7.525 632 80.17
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** 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.
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CREDIT GRADE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RISK CATEGORY LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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8A 101 $ 42,455,350.49 14.55% 351 36.95 5.935 739 79.08
7A 92 38,181,971.72 13.08 350 38.45 6.199 693 82.25
6A 61 25,568,515.72 8.76 352 38.89 6.843 669 85.02
5A 82 33,569,191.68 11.50 350 38.08 6.832 649 81.75
4A 61 23,516,338.60 8.06 358 41.11 6.921 636 83.30
3A 35 10,843,427.09 3.72 358 41.57 7.721 612 84.78
2A 144 44,024,545.17 15.09 355 40.81 7.916 586 82.11
A 54 14,345,061.56 4.92 358 38.66 8.814 570 81.30
B 154 28,687,196.69 9.83 352 43.29 9.738 547 78.22
C 155 27,794,979.44 9.52 356 40.07 9.835 541 68.68
D 18 2,833,525.28 0.97 355 45.49 10.178 519 58.63
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TOTAL: 957 $ 291,820,103.44 100.00% 353 39.62 7.525 632 80.17
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PROPERTY TYPE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
PROPERTY TYPE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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Single Family Detached 807 $ 247,374,252.90 84.77% 353 39.56 7.525 632 80.17
PUD Detached 54 20,045,296.12 6.87 352 40.88 7.115 642 80.98
Two-to Four-Family 31 10,635,661.02 3.64 356 37.54 7.741 634 78.55
Condominium 33 9,993,862.62 3.42 352 40.59 7.537 624 81.58
Manufactured Housing 22 2,023,672.44 0.69 354 39.30 10.113 572 69.39
PUD Attached 5 1,084,089.50 0.37 318 38.40 7.580 625 84.48
Single Family Attached 5 663,268.84 0.23 358 45.19 8.332 672 86.24
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TOTAL: 957 $ 291,820,103.44 100.00% 353 39.62 7.525 632 80.17
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PREPAYMENT CHARGE TERM
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PRINCIPAL REMAINING
PREPAYMENT CHARGE NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
TERM AT ORIGINATION MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
(MOS.) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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0 321 $ 83,617,720.76 28.65% 354 39.25 8.418 615 79.17
12 21 9,004,107.18 3.09 359 37.57 6.499 671 80.48
24 3 1,364,927.43 0.47 358 30.11 6.304 641 77.12
30 6 2,182,109.58 0.75 358 47.99 7.426 621 76.43
36 606 195,651,238.49 67.05 353 39.85 7.200 638 80.64
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TOTAL: 957 $ 291,820,103.44 100.00% 353 39.62 7.525 632 80.17
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CONFORMING BALANCE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
CONFORMING BALANCE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Conforming 88 $ 46,606,560.90 15.97% 353 40.92 10.065 564 76.99
Non-Conforming 69 245,213,542.54 84.03 353 39.37 7.042 645 80.77
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TOTAL: 57 $ 291,820,103.44 100.00% 353 39.62 7.525 632 80.17
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MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
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PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE ADJUSTABLE RATE TERM TO DEBT-TO- GROSS
RANGE OF MAXIMUM MORTGAGE RATE LOANS AS OF LOANS AS OF THE MATURITY INCOME COUPON OLTV
MORTGAGE RATES (%) LOANS THE CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
11.000-11.499 1 $ 429,506.77 0.23% 359 43.00 5.250 698 86.00
11.500-11.999 28 11,787,485.54 6.21 359 42.02 5.957 693 84.45
12.000-12.499 34 14,673,685.09 7.73 358 40.81 6.242 672 84.95
12.500-12.999 102 43,433,027.03 22.88 355 39.32 6.802 636 84.08
13.000-13.499 35 13,579,608.65 7.15 357 40.12 7.236 615 84.30
13.500-13.999 77 29,668,052.49 15.63 358 41.15 7.767 597 79.49
14.000-14.499 15 5,416,873.55 2.85 356 42.45 8.280 597 83.37
14.500-14.999 63 19,297,505.32 10.17 354 40.74 8.760 556 76.72
15.000-15.499 12 4,450,152.37 2.34 359 43.30 9.230 599 71.98
15.500-15.999 50 10,728,184.57 5.65 354 40.56 9.873 560 78.01
16.000-16.499 74 9,307,635.56 4.90 356 41.77 10.252 552 75.72
16.500-16.999 113 13,889,371.35 7.32 354 39.97 10.733 550 74.23
17.000-17.499 32 3,371,289.00 1.78 356 42.32 11.003 554 74.76
17.500-17.999 33 4,833,696.27 2.55 356 39.64 11.700 562 78.42
18.000-18.499 14 1,637,058.75 0.86 359 43.84 12.271 541 77.85
18.500-18.999 13 2,582,235.34 1.36 359 42.98 12.780 548 77.09
19.000-19.499 2 658,656.89 0.35 359 46.79 13.227 529 80.74
20.000 or more 1 66,288.06 0.03 359 20.00 14.050 598 85.00
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TOTAL: 699 $ 189,810,312.60 100.00% 356 40.69 8.166 604 80.48
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MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
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PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE ADJUSTABLE RATE TERM TO DEBT-TO- GROSS
RANGE OF MINIMUM MORTGAGE RATE LOANS AS OF LOANS AS OF THE MATURITY INCOME COUPON OLTV
MORTGAGE RATES (%) LOANS THE CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.000-5.499 1 $ 429,506.77 0.23% 359 43.00 5.250 698 86.00
5.500-5.999 28 11,787,485.54 6.21 359 42.02 5.957 693 84.45
6.000-6.499 34 14,673,685.09 7.73 358 40.81 6.242 672 84.95
6.500-6.999 102 43,433,027.03 22.88 355 39.32 6.802 636 84.08
7.000-7.499 35 13,579,608.65 7.15 357 40.12 7.236 615 84.30
7.500-7.999 77 29,668,052.49 15.63 358 41.15 7.767 597 79.49
8.000-8.499 15 5,416,873.55 2.85 356 42.45 8.280 597 83.37
8.500-8.999 63 19,297,505.32 10.17 354 40.74 8.760 556 76.72
9.000-9.499 12 4,450,152.37 2.34 359 43.30 9.230 599 71.98
9.500-9.999 50 10,728,184.57 5.65 354 40.56 9.873 560 78.01
10.000-10.499 74 9,307,635.56 4.90 356 41.77 10.252 552 75.72
10.500-10.999 113 13,889,371.35 7.32 354 39.97 10.733 550 74.23
11.000-11.499 32 3,371,289.00 1.78 356 42.32 11.003 554 74.76
11.500-11.999 33 4,833,696.27 2.55 356 39.64 11.700 562 78.42
12.000-12.499 14 1,637,058.75 0.86 359 43.84 12.271 541 77.85
12.500-12.999 13 2,582,235.34 1.36 359 42.98 12.780 548 77.09
13.000-13.499 2 658,656.89 0.35 359 46.79 13.227 529 80.74
14.000-14.499 1 66,288.06 0.03 359 20.00 14.050 598 85.00
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TOTAL: 699 $ 189,810,312.60 100.00% 356 40.69 8.166 604 80.48
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GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
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PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE ADJUSTABLE RATE TERM TO DEBT-TO- GROSS
RANGE OF GROSS MORTGAGE RATE LOANS AS OF LOANS AS OF THE MATURITY INCOME COUPON OLTV
MARGINS (%) LOANS THE CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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4.000-4.249 1 $ 599,461.83 0.32% 359 34.00 6.550 672 66.67
4.500-4.749 3 1,148,414.09 0.61 359 44.80 5.904 740 85.78
4.750-4.999 16 6,632,001.35 3.49 359 40.72 6.413 737 84.22
5.000-5.249 34 14,000,437.97 7.38 359 39.32 6.543 692 84.89
5.250-5.499 37 15,588,210.55 8.21 359 38.79 7.062 669 85.98
5.500-5.749 52 21,386,977.18 11.27 353 38.50 7.055 648 83.42
5.750-5.999 44 16,212,813.92 8.54 358 41.81 7.062 632 83.39
6.000-6.249 158 46,883,456.46 24.70 357 41.31 8.018 588 82.97
6.250-6.499 47 13,179,321.35 6.94 358 38.76 8.874 567 80.32
6.500-6.749 157 26,977,189.70 14.21 352 43.47 9.961 544 77.81
6.750-6.999 149 27,080,473.49 14.27 356 40.67 9.851 538 68.54
7.000-7.249 1 121,554.71 0.06 359 25.00 10.800 515 80.00
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TOTAL: 699 $ 189,810,312.60 100.00% 356 40.69 8.166 604 80.48
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NEXT ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
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PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE ADJUSTABLE RATE TERM TO DEBT-TO- GROSS
MORTGAGE RATE LOANS AS OF LOANS AS OF THE MATURITY INCOME COUPON OLTV
NEXT ADJUSTMENT DATE LOANS THE CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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August 2005 46 $ 8,600,126.01 4.53% 346 41.03 9.412 575 77.58
September 2005 8 1,609,292.43 0.85 355 42.57 9.522 572 76.33
October 2005 13 1,558,237.97 0.82 351 47.26 9.670 574 79.34
November 2005 7 2,854,635.22 1.50 357 40.06 7.284 629 80.58
December 2005 139 51,368,351.55 27.06 355 39.65 7.576 620 81.94
January 2006 486 123,819,669.42 65.23 358 41.01 8.308 600 80.14
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TOTAL: 699 $ 189,810,312.60 100.00% 356 40.69 8.166 604 80.48
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INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE ADJUSTABLE RATE TERM TO DEBT-TO- GROSS
INITIAL PERIODIC MORTGAGE RATE LOANS AS OF LOANS AS OF THE MATURITY INCOME COUPON OLTV
CAP (%) LOANS THE CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2.000 699 $ 189,810,312.60 100.00% 356 40.69 8.166 604 80.48
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TOTAL: 699 $ 189,810,312.60 100.00% 356 40.69 8.166 604 80.48
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PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE ADJUSTABLE RATE TERM TO DEBT-TO- GROSS
PERIODIC MORTGAGE RATE LOANS AS OF LOANS AS OF THE MATURITY INCOME COUPON OLTV
CAP (%) LOANS THE CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
1.000 699 $ 189,810,312.60 100.00% 356 40.69 8.166 604 80.48
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TOTAL: 699 $ 189,810,312.60 100.00% 356 40.69 8.166 604 80.48
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