6
EXHIBIT 99.1
The pool (the "Mortgage Pool") delivered to the trust (the "Mortgage
Loans") consists of conventional, one-to four- family, adjustable-rate and
fixed-rate mortgage loans. The Depositor purchased the Mortgage Loans from the
Seller pursuant to the Mortgage Loan Purchase Agreement, dated April 6, 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 91.52% of the Mortgage Loans were originated or acquired by
Ameriquest and approximately 8.48% of the Mortgage Loans were originated by the
Seller's affiliate Town & Country Credit Corporation ("Town & Country" and
together with Ameriquest, the "Originators"), in each case, by aggregate
scheduled principal balance of the Mortgage Loans as of the Cut-off Date.
Each adjustable-rate Mortgage Loan will accrue interest at a Mortgage Rate
that is adjustable. The adjustable-rate Mortgage Loans will provide for
semi-annual adjustment to the Mortgage Rate thereon and for corresponding
adjustments to the monthly payment amount due thereon, in each case on each
adjustment date applicable thereto (each such date, an "Adjustment Date"). The
first adjustment will occur after an initial period of two years after
origination. On each Adjustment Date for each adjustable-rate Mortgage Loan, the
Mortgage Rate thereon will be adjusted (subject to rounding) to equal the sum of
the applicable Index and a fixed percentage amount (the "Gross Margin"). The
Mortgage Rate on each adjustable-rate Mortgage Loan will not decrease on the
first related Adjustment Date, will not increase by more than 2.000% per annum
on the first related Adjustment Date (the "Initial Periodic Rate Cap") and will
not increase or decrease by more than 1.000% per annum on any Adjustment Date
thereafter (the "Periodic Rate Cap"). Each Mortgage Rate on each adjustable-rate
Mortgage Loan will not exceed a specified maximum Mortgage Rate over the life of
such Mortgage Loan (the "Maximum Mortgage Rate") or be less than a specified
minimum Mortgage Rate over the life of such Mortgage Loan (the "Minimum Mortgage
Rate"). Effective with the first monthly payment due on each adjustable-rate
Mortgage Loan after each related Adjustment Date, the monthly payment amount
will be adjusted to an amount that will amortize fully the outstanding principal
balance of the related Mortgage Loan over its remaining term, and pay interest
at the Mortgage Rate as so adjusted. Due to the application of the Periodic Rate
Caps and the Maximum Mortgage Rates, the Mortgage Rate on each such
adjustable-rate Mortgage Loan, as adjusted on any related Adjustment Date, may
be less than the sum of the Index and the related Gross Margin, rounded as
described herein. None of the adjustable-rate Mortgage Loans permits the related
mortgagor to convert the adjustable Mortgage Rate thereon to a fixed Mortgage
Rate.
The Mortgage Loans have scheduled monthly payments due on the first day of
the month (with respect to each Mortgage Loan, a "Due Date"). Each Mortgage Loan
contains a customary "due-on-sale" clause which provides that (subject to state
and federal restrictions) the Mortgage Loan must be repaid at the time of sale
of the related Mortgaged Property or with the consent of the holder of the
mortgage note assumed by a creditworthy purchaser of the related Mortgaged
Property.
None of the Mortgage Loans are Buydown Mortgage Loans.
For purposes of calculating interest and principal distributions on the
Class A Certificates, the Mortgage Loans will be divided into two loan groups,
designated as the "Group I Mortgage Loans" and the "Group II Mortgage Loans."
The Group I Mortgage Loans will consist of adjustable-rate and fixed-rate
mortgage loans with principal balances at origination that conform to Xxxxxxx
Mac and Xxxxxx Mae loan limits and the Group II Mortgage Loans will consist of
7
adjustable-rate and fixed-rate mortgage loans with principal balances at
origination that may or may not conform to Xxxxxxx Mac or Xxxxxx Mae loan
limits.
Approximately 81.77% of the Group I Mortgage Loans and approximately
74.89% of the Group II Mortgage Loans, in each case by aggregate scheduled
principal balances of the related Loan Group as of the Cut-off Date, provide for
payment by the mortgagor of a prepayment charge on certain principal
prepayments, subject to certain limitations in the related mortgage note and
limitations upon collection in the Pooling and Servicing Agreement. Generally,
each such Mortgage Loan will provide for payment of a prepayment charge on
certain prepayments made within a defined period set forth in the related
Mortgage Note (generally within the first three years but possibly as short as
one year from the date of origination of such Mortgage Loan). The amount of the
prepayment charge is as provided in the related Mortgage Note. The holders of
the Class P Certificates will be entitled to all prepayment charges received on
the Mortgage Loans in each loan group, and such amounts will not be available
for distribution on the other classes of Certificates. Under certain instances,
as described under the terms of the Pooling and Servicing Agreement, the Master
Servicer may waive the payment of any otherwise applicable prepayment charge.
Investors should conduct their own analysis of the effect, if any, that the
prepayment charges, and decisions by the Master Servicer with respect to the
waiver thereof, may have on the prepayment performance of the Mortgage Loans.
The Depositor makes no representation as to the effect that the prepayment
charges, and decisions by the Master Servicer with respect to the waiver
thereof, may have on the prepayment performance of the Mortgage Loans.
Group I Mortgage Loan Statistics
The Group I Mortgage Loans consist of 4,782 adjustable-rate and fixed-rate
Mortgage Loans having an aggregate principal balance as of the Cut-off Date of
approximately $687,012,767.05, after application of scheduled payments due on or
before the Cut-off Date whether or not received and application of all
unscheduled payments of principal received prior to the Closing Date. None of
the Group I Mortgage Loans had a first Due Date prior to October 2003 or after
May 2004, or will have a remaining term to stated maturity of less than 115
months or greater than 360 months as of the Cut-off Date. The latest maturity
date of any Group I Mortgage Loan is April 2034.
8
-------------------------------------------------------------------------------------------------------------------------------
Collateral Type
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
2-yr Fixed/Adjustable-Rate ... 3,209 $446,690,919.62 65.02% 356 40.24 8.355 582 80.00
Fixed Rate ................... 1,573 240,321,847.43 34.98 339 38.25 6.787 648 80.35
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 4,782 $687,012,767.05 100.00% 350 39.55 7.806 605 80.12
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Principal Balances at Origination
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL REMAINING
RANGE OF OF BALANCE % OF PRINCIPAL TERM TO GROSS
PRINCIPAL BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY DEBT-TO- COUPON OLTV
AT ORIGINATION ($) LOANS ORIGINATION ORIGINATION (months)* INCOME (%)* (%)* FICO* (%)*
-------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 ...... 1,696 $131,744,051.00 19.15% 344 38.65 8.771 580 76.39
100,000.01 - 150,000.00 ...... 1,313 162,304,996.00 23.59 348 39.30 7.937 598 80.28
150,000.01 - 200,000.00 ...... 750 130,303,685.00 18.94 350 39.81 7.508 608 81.04
200,000.01 - 250,000.00 ...... 545 122,161,020.00 17.75 353 39.92 7.442 617 81.49
250,000.01 - 300,000.00 ...... 310 84,407,321.00 12.27 354 39.79 7.402 616 80.83
300,000.01 - 350,000.00 ...... 128 40,658,535.00 5.91 355 41.67 7.353 621 82.20
350,000.01 - 400,000.00 ...... 22 8,295,900.00 1.21 352 39.45 7.553 636 80.26
400,000.01 - 450,000.00 ...... 10 4,160,300.00 0.60 358 35.96 6.425 693 83.84
450,000.01 - 500,000.00 ...... 4 1,916,750.00 0.28 357 40.10 7.414 648 83.50
500,000.01 - 550,000.00 ...... 3 1,597,800.00 0.23 358 31.75 5.838 738 84.45
550,000.01 - 600,000.00 ...... 1 552,500.00 0.08 358 33.00 5.990 643 85.00
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 4,782 $688,102,858.00 100.00% 350 39.54 7.806 605 80.12
-------------------------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
9
-------------------------------------------------------------------------------------------------------------------------------
Principal Balance as of the Cut-Off Date
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
RANGE OF PRINCIPAL OF BALANCE BALANCE AS OF TERM TO GROSS
BALANCES AS OF THE CUT- MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
OFF DATE ($) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
100,000.01 - 150,000.00 ...... 1,311 161,934,564.99 23.57 348 39.33 7.937 598 80.31
150,000.01 - 200,000.00 ...... 749 130,011,172.52 18.92 351 39.80 7.509 608 80.99
200,000.01 - 250,000.00 ...... 547 122,516,900.26 17.83 353 39.91 7.445 617 81.55
250,000.01 - 300,000.00 ...... 307 83,538,601.04 12.16 355 39.83 7.402 616 80.79
300,000.01 - 350,000.00 ...... 128 40,600,274.43 5.91 355 41.67 7.353 621 82.20
350,000.01 - 400,000.00 ...... 22 8,280,505.40 1.21 352 39.45 7.554 636 80.26
400,000.01 - 450,000.00 ...... 10 4,154,270.69 0.60 358 35.96 6.425 693 83.84
450,000.01 - 500,000.00 ...... 4 1,912,966.59 0.28 357 40.10 7.414 648 83.50
500,001.00 - 550,000.00 ...... 3 1,595,133.58 0.23 358 31.76 5.838 738 84.45
550,001.00 - 600,000.00 ...... 1 551,395.11 0.08 358 33.00 5.990 643 85.00
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 4,782 $687,012,767.05 100.00% 350 39.55 7.806 605 80.12
-------------------------------------------------------------------------------------------------------------------------------
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Stated Remaining Term to Maturity
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RANGE OF MONTHS REMAINING LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
61 - 120 .................... 11 $ 954,413.48 0.14% 118 35.35 6.776 676 65.95
121 - 180 .................... 155 16,710,167.97 2.43 178 35.01 7.159 639 77.58
181 - 240 .................... 156 19,384,963.74 2.82 238 37.47 7.062 637 78.44
241 - 300 .................... 27 3,720,668.68 0.54 299 40.78 6.254 659 82.90
301 - 360 .................... 4,433 646,242,553.18 94.07 358 39.72 7.856 603 80.24
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 4,782 $687,012,767.05 100.00% 350 39.55 7.806 605 80.12
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Mortgage Rate
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF CURRENT MORTGAGE MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RATES (%) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 ............ 10 $ 1,947,006.45 0.28% 334 38.61 5.304 705 82.80
5.500 - 5.999 ............ 565 104,469,716.26 15.21 340 36.92 5.772 685 81.58
6.000 - 6.499 ............ 315 52,517,269.84 7.64 344 38.58 6.218 647 80.67
6.500 - 6.999 ............ 474 77,221,070.91 11.24 350 38.05 6.769 643 82.08
7.000 - 7.499 ............ 216 34,010,796.00 4.95 352 39.38 7.263 618 81.92
7.500 - 7.999 ............ 801 124,821,538.23 18.17 351 39.52 7.785 595 80.83
8.000 - 8.499 ............ 354 51,611,530.93 7.51 353 39.19 8.259 577 81.01
8.500 - 8.999 ............ 1,006 129,985,728.61 18.92 354 40.79 8.779 564 78.63
9.000 - 9.499 ............ 212 24,328,703.80 3.54 351 41.11 9.254 559 77.50
9.500 - 9.999 ............ 403 45,736,895.08 6.66 353 43.58 9.743 547 76.79
10.000 - 10.499 ............ 110 10,259,684.03 1.49 354 42.79 10.238 542 77.18
10.500 - 10.999 ............ 153 14,663,291.13 2.13 353 41.71 10.750 551 77.87
11.000 - 11.499 ............ 57 5,272,181.42 0.77 354 40.64 11.234 546 74.03
11.500 - 11.999 ............ 71 6,905,895.92 1.01 355 41.42 11.757 543 77.53
12.000 - 12.499 ............ 25 1,952,572.04 0.28 353 38.73 12.245 532 75.20
12.500 - 12.999 ............ 10 1,308,886.40 0.19 358 40.83 12.566 538 79.18
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 4,782 $687,012,767.05 100.00% 350 39.55 7.806 605 80.12
-------------------------------------------------------------------------------------------------------------------------------
10
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Original Loan-to-Value Ratios
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NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF ORIGINAL MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
LOAN-TO-VALUE RATIOS (%) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
25.000 or less ............... 11 $ 794,364.09 0.12% 308 33.63 7.936 602 20.73
25.001 - 30.000 .............. 10 862,577.04 0.13 330 37.37 8.028 569 27.25
30.001 - 35.000 .............. 16 1,668,057.69 0.24 347 41.65 7.903 583 33.00
35.001 - 40.000 .............. 22 2,588,593.69 0.38 333 34.14 7.652 602 38.11
40.001 - 45.000 .............. 30 2,967,355.62 0.43 339 36.54 7.931 614 42.94
45.001 - 50.000 .............. 52 5,822,441.88 0.85 334 38.63 8.077 586 48.30
50.001 - 55.000 .............. 68 8,007,116.01 1.17 351 37.21 8.121 562 53.02
55.001 - 60.000 .............. 160 20,453,780.02 2.98 348 41.62 8.667 552 58.63
60.001 - 65.000 .............. 165 20,659,864.00 3.01 352 38.91 7.935 584 63.10
65.001 - 70.000 .............. 247 33,011,175.88 4.81 345 38.26 8.057 580 68.15
70.001 - 75.000 .............. 874 112,458,140.55 16.37 352 41.13 8.419 561 73.96
75.001 - 80.000 .............. 686 103,633,928.86 15.08 346 38.58 7.282 627 78.69
80.001 - 85.000 .............. 895 133,448,523.45 19.42 352 40.30 8.138 594 83.97
85.001 - 90.000 .............. 1,402 216,919,610.45 31.57 351 39.02 7.513 628 89.29
90.001 - 95.000 .............. 144 23,717,237.82 3.45 349 39.48 6.603 696 93.48
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 4,782 $687,012,767.05 100.00% 350 39.55 7.806 605 80.12
-------------------------------------------------------------------------------------------------------------------------------
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FICO Score at Origination
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RANGE OF FICO SCORES LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
500-519 ...................... 556 $ 67,137,961.56 9.77% 353 42.60 9.048 509 69.42
520-539 ...................... 599 74,457,852.21 10.84 355 42.21 9.150 529 75.76
540-559 ...................... 556 72,432,443.10 10.54 355 40.59 8.713 551 79.82
560-579 ...................... 532 74,245,125.10 10.81 355 39.46 8.431 568 81.34
580-599 ...................... 304 42,843,815.12 6.24 355 40.51 8.252 589 81.66
600-619 ...................... 397 57,082,822.26 8.31 349 39.38 7.746 608 81.03
620-639 ...................... 444 67,020,509.75 9.76 347 38.81 7.372 629 82.93
640-659 ...................... 446 71,335,251.61 10.38 348 38.03 6.898 648 82.72
660-679 ...................... 316 53,831,911.66 7.84 344 37.85 6.667 668 83.09
680-699 ...................... 276 46,313,243.24 6.74 343 37.57 6.485 688 83.52
700-719 ...................... 166 29,013,067.06 4.22 344 39.01 6.266 709 84.85
720-739 ...................... 97 16,707,411.44 2.43 342 35.50 6.142 728 81.48
740-759 ...................... 68 10,250,363.41 1.49 332 35.28 6.326 749 82.92
760-779 ...................... 15 2,851,486.56 0.42 333 30.94 6.317 771 76.09
780-799 ...................... 7 984,417.20 0.14 359 35.87 5.806 786 78.43
800-819 ...................... 3 505,085.77 0.07 359 21.49 5.929 803 58.15
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Total ........................ 4,782 $687,012,767.05 100.00% 350 39.55 7.806 605 80.12
-------------------------------------------------------------------------------------------------------------------------------
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Debt-to-Income Ratio
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF DEBT-TO-INCOME MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RATIOS (%) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
20.000 or less ............... 282 $ 37,657,487.98 5.48% 342 14.10 7.511 619 79.29
20.001-25.000 ................ 256 32,189,796.46 4.69 346 23.18 7.587 616 79.49
25.001-30.000 ................ 433 61,014,826.55 8.88 347 28.16 7.584 617 79.95
30.001-35.000 ................ 562 80,760,403.42 11.76 348 33.10 7.500 618 79.89
35.001-40.000 ................ 695 101,640,358.53 14.79 349 38.19 7.662 612 80.20
40.001-45.000 ................ 914 131,710,261.14 19.17 351 43.13 7.861 605 80.62
45.001-50.000 ................ 1,234 186,165,848.91 27.10 351 48.16 7.796 607 81.52
50.001-55.000 ................ 406 55,873,784.06 8.13 355 53.01 8.983 539 75.60
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 4,782 $687,012,767.05 100.00% 350 39.55 7.806 605 80.12
-------------------------------------------------------------------------------------------------------------------------------
11
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Geographic Distribution
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
STATE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
Alabama ...................... 173 $ 16,619,036.35 2.42% 340 39.17 8.563 611 81.72
California ................... 597 120,034,033.51 17.47 354 39.61 7.389 606 77.69
Colorado ..................... 105 17,380,670.50 2.53 356 38.19 7.323 620 82.21
Connecticut .................. 109 16,472,740.42 2.40 351 37.88 7.793 601 79.56
Florida ...................... 713 85,771,498.80 12.48 349 40.08 7.913 595 79.57
Illinois ..................... 155 22,997,315.94 3.35 352 40.31 8.176 605 80.00
Indiana ...................... 120 11,716,500.84 1.71 350 39.13 8.124 599 83.17
Maryland ..................... 85 13,531,123.56 1.97 348 38.59 8.229 594 83.60
Massachusetts ................ 222 44,656,059.79 6.50 355 39.90 7.764 611 78.27
Michigan ..................... 281 34,327,766.47 5.00 351 39.39 8.072 593 81.75
Minnesota .................... 169 27,306,348.36 3.97 353 38.88 7.663 612 82.94
Missouri ..................... 103 11,290,800.84 1.64 348 40.75 8.235 589 83.71
New York ..................... 176 40,213,117.36 5.85 347 40.30 7.469 626 77.60
Ohio ......................... 211 25,303,854.75 3.68 349 39.19 7.651 596 83.88
Pennsylvania ................. 209 25,297,987.38 3.68 337 40.76 7.855 608 82.91
Rhode Island ................. 128 21,401,203.10 3.12 357 40.06 7.315 599 74.80
Tennessee .................... 87 8,993,212.43 1.31 344 37.54 7.848 614 83.37
Texas ........................ 191 19,323,019.66 2.81 342 42.49 8.849 584 77.68
Washington ................... 89 14,586,367.28 2.12 351 39.24 7.324 627 82.47
Wisconsin .................... 150 18,104,141.57 2.64 352 39.81 8.095 608 78.89
Other ........................ 709 91,685,968.14 13.35 346 38.42 8.011 607 81.97
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 4,782 $687,012,767.05 100.00% 350 39.55 7.806 605 80.12
-------------------------------------------------------------------------------------------------------------------------------
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Occupancy Status
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
OCCUPATION STATUS* LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
Owner Occupied ............... 4,514 $649,127,281.00 94.49% 350 39.84 7.812 603 80.14
Non-Owner Occupied ........... 218 30,402,317.08 4.43 352 33.24 7.738 636 78.99
Second Home .................. 50 7,483,168.97 1.09 354 39.26 7.591 636 83.25
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 4,782 $687,012,767.05 100.00% 350 39.55 7.806 605 80.12
-------------------------------------------------------------------------------------------------------------------------------
* Based on mortgagor representation at origination.
-------------------------------------------------------------------------------------------------------------------------------
Documentation Type
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
INCOME DOCUMENTATION LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
Full Documentation ........... 3,286 $467,346,109.58 68.03% 348 39.41 7.634 607 81.01
Stated Documentation ......... 896 127,719,686.24 18.59 352 40.36 8.392 605 76.37
Limited Documentation ........ 600 91,946,971.23 13.38 354 39.13 7.867 593 80.80
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 4,782 $687,012,767.05 100.00% 350 39.55 7.806 605 80.12
-------------------------------------------------------------------------------------------------------------------------------
12
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Loan Purpose
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
PURPOSE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
Refinance-Debt
Consolidation Cash Out** ..... 4,137 $595,604,268.46 86.69% 350 39.55 7.848 602 79.83
Refinance-Debt
Consolidation No
Cash Out*** .................. 621 87,529,364.95 12.74 347 39.62 7.527 624 81.77
Purchase ..................... 24 3,879,133.64 0.56 358 37.41 7.738 653 87.44
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 4,782 $687,012,767.05 100.00% 350 39.55 7.806 605 80.12
-------------------------------------------------------------------------------------------------------------------------------
** 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
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RISK CATEGORY LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
8A ........................... 278 $ 46,948,746.44 6.83% 338 35.82 6.126 732 82.22
7A ........................... 335 56,420,867.65 8.21 344 38.04 6.434 692 84.05
6A ........................... 299 51,181,071.30 7.45 343 37.76 6.578 668 83.36
5A ........................... 401 64,460,995.12 9.38 347 38.49 6.831 648 83.01
4A ........................... 389 59,176,004.77 8.61 348 38.90 7.230 631 83.62
3A ........................... 325 47,490,576.74 6.91 349 38.84 7.549 613 81.78
2A ........................... 820 115,784,725.83 16.85 354 39.07 8.180 578 83.14
A ............................ 332 47,277,653.59 6.88 353 39.40 8.484 576 81.53
B ............................ 746 93,284,706.59 13.58 354 42.67 9.174 542 77.58
C ............................ 761 93,654,938.22 13.63 354 41.93 8.956 527 70.75
D ............................ 96 11,332,480.80 1.65 348 43.02 9.371 517 57.11
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 4,782 $687,012,767.05 100.00% 350 39.55 7.806 605 80.12
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Property Type
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
PROPERTY TYPE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
Single Family Detached ....... 4,012 $565,522,139.66 82.32% 349 39.56 7.810 603 80.38
Two-to Four Family ........... 270 55,186,089.30 8.03 354 38.91 7.753 623 77.51
PUD Detached ................. 169 26,505,326.33 3.86 351 40.29 7.707 601 81.32
Condominium .................. 152 21,874,416.82 3.18 355 40.20 7.830 605 82.24
Manufactured Housing ......... 116 10,817,730.91 1.57 349 38.25 7.860 614 71.28
Single Family Attached ....... 46 4,820,730.55 0.70 358 42.07 8.420 592 81.75
PUD Attached ................. 17 2,286,333.48 0.33 359 38.16 7.536 601 82.12
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 4,782 $687,012,767.05 100.00% 350 39.55 7.806 605 80.12
-------------------------------------------------------------------------------------------------------------------------------
13
-------------------------------------------------------------------------------------------------------------------------------
Prepayment Charge Term
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
ORIGINATION (MOS.) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
No Prepayment Penalty ........ 920 $125,247,656.98 18.23% 351 40.38 8.665 594 79.46
12 .......................... 298 59,021,220.60 8.59 351 39.86 7.005 621 76.69
24 .......................... 37 6,532,915.95 0.95 359 34.99 7.264 595 77.64
30 .......................... 15 2,468,695.47 0.36 344 34.80 7.440 615 79.57
36 .......................... 3,512 493,742,278.05 71.87 349 39.38 7.693 606 80.73
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 4,782 $687,012,767.05 100.00% 350 39.55 7.806 605 80.12
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Conforming Balance
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
CONFORMING BALANCE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
Conforming ................... 4,782 $687,012,767.05 100.00% 350 39.55 7.806 605 80.12
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 4,782 $687,012,767.05 100.00% 350 39.55 7.806 605 80.12
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Maximum Mortgage Rates of the Adjustable-Rate Loans
-------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE
NUMBER OF ADJUSTABLE OF ADJUSTABLE REMAINING
OF RATE LOANS RATE LOANS TERM TO GROSS
RANGE OF MAXIMUM MORTGAGE MORTGAGE AS OF THE AS OF THE MATURITY DEBT-TO- COUPON OLTV
RATES (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
11.000-11.499 ................ 8 $ 1,610,467.68 0.36% 359 38.56 5.300 705 83.87
11.500-11.999 ................ 63 12,827,545.62 2.87 358 39.39 5.830 674 83.66
12.000-12.499 ................ 83 14,528,538.10 3.25 355 39.13 6.261 641 80.45
12.500-12.999 ................ 245 40,403,722.66 9.05 357 37.73 6.807 630 81.17
13.000-13.499 ................ 156 26,123,952.68 5.85 356 40.39 7.265 611 82.43
13.500-13.999 ................ 591 94,254,875.52 21.10 355 39.84 7.789 589 81.41
14.000-14.499 ................ 288 43,709,375.46 9.79 356 39.07 8.258 575 81.79
14.500-14.999 ................ 906 118,156,270.09 26.45 355 40.51 8.784 565 78.97
15.000-15.499 ................ 180 21,408,489.79 4.79 355 41.42 9.255 557 77.82
15.500-15.999 ................ 332 38,644,374.27 8.65 355 43.28 9.740 545 77.02
16.000-16.499 ................ 88 8,451,040.43 1.89 356 42.69 10.235 540 77.35
16.500-16.999 ................ 131 12,931,122.19 2.89 355 41.51 10.762 551 78.06
17.000-17.499 ................ 51 4,828,291.05 1.08 356 39.83 11.229 547 73.50
17.500-17.999 ................ 57 5,909,290.96 1.32 354 41.61 11.764 544 77.94
18.000-18.499 ................ 22 1,747,717.37 0.39 353 38.55 12.254 533 76.30
18.500-18.999 ................ 8 1,155,845.75 0.26 358 41.93 12.575 537 78.30
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 3,209 $446,690,919.62 100.00% 356 40.24 8.355 582 80.00
-------------------------------------------------------------------------------------------------------------------------------
14
-------------------------------------------------------------------------------------------------------------------------------
Minimum Mortgage Rates of the Adjustable-Rate Loans
-------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE
NUMBER OF ADJUSTABLE OF ADJUSTABLE REMAINING
OF RATE LOANS RATE LOANS TERM TO GROSS
RANGE OF MINIMUM MORTGAGE MORTGAGE AS OF THE AS OF THE MATURITY DEBT-TO- COUPON OLTV
RATES (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
5.000-5.499 .................. 8 $ 1,610,467.68 0.36% 359 38.56 5.300 705 83.87
5.500-5.999 .................. 63 12,827,545.62 2.87 358 39.39 5.830 674 83.66
6.000-6.499 .................. 83 14,528,538.10 3.25 355 39.13 6.261 641 80.45
6.500-6.999 .................. 245 40,403,722.66 9.05 357 37.73 6.807 630 81.17
7.000-7.499 .................. 156 26,123,952.68 5.85 356 40.39 7.265 611 82.43
7.500-7.999 .................. 591 94,254,875.52 21.10 355 39.84 7.789 589 81.41
8.000-8.499 .................. 288 43,709,375.46 9.79 356 39.07 8.258 575 81.79
8.500-8.999 .................. 906 118,156,270.09 26.45 355 40.51 8.784 565 78.97
9.000-9.499 .................. 180 21,408,489.79 4.79 355 41.42 9.255 557 77.82
9.500-9.999 .................. 332 38,644,374.27 8.65 355 43.28 9.740 545 77.02
10.000-10.499 ................ 88 8,451,040.43 1.89 356 42.69 10.235 540 77.35
10.500-10.999 ................ 131 12,931,122.19 2.89 355 41.51 10.762 551 78.06
11.000-11.499 ................ 51 4,828,291.05 1.08 356 39.83 11.229 547 73.50
11.500-11.999 ................ 57 5,909,290.96 1.32 354 41.61 11.764 544 77.94
12.000-12.499 ................ 22 1,747,717.37 0.39 353 38.55 12.254 533 76.30
12.500-12.999 ................ 8 1,155,845.75 0.26 358 41.93 12.575 537 78.30
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 3,209 $446,690,919.62 100.00% 356 40.24 8.355 582 80.00
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Gross Margins of the Adjustable-Rate Loans
-------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE
NUMBER OF ADJUSTABLE OF ADJUSTABLE REMAINING
OF RATE LOANS RATE LOANS TERM TO GROSS
MORTGAGE AS OF THE AS OF THE MATURITY DEBT-TO- COUPON OLTV
RANGE OF GROSS MARGINS (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
3.250-3.499 .................. 2 $ 209,461.99 0.05% 359 25.06 8.162 570 60.33
3.500-3.749 .................. 1 234,000.00 0.05 360 37.00 8.990 572 90.00
4.000-4.249 .................. 1 150,874.99 0.03 359 44.00 6.950 650 83.89
4.250-4.499 .................. 5 788,532.07 0.18 359 45.89 6.243 646 89.04
4.500-4.749 .................. 5 618,746.21 0.14 347 38.06 8.360 670 86.92
4.750-4.999 .................. 77 11,237,361.72 2.52 357 37.76 6.727 717 84.99
5.000-5.249 .................. 127 21,557,033.57 4.83 357 39.13 7.036 680 85.21
5.250-5.499 .................. 106 19,469,677.61 4.36 355 39.38 7.175 663 84.83
5.500-5.749 .................. 182 28,433,786.20 6.37 357 38.68 7.626 641 84.86
5.750-5.999 .................. 219 33,613,068.43 7.52 356 39.64 7.737 619 84.51
6.000-6.249 .................. 935 132,508,779.97 29.66 355 39.23 8.214 583 83.21
6.250-6.499 .................. 280 39,945,100.76 8.94 356 39.79 8.521 570 80.77
6.500-6.749 .................. 677 86,636,608.20 19.40 356 42.29 9.149 539 76.86
6.750-6.999 .................. 592 71,287,887.90 15.96 356 41.78 9.140 524 69.52
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 3,209 $446,690,919.62 100.00% 356 40.24 8.355 582 80.00
-------------------------------------------------------------------------------------------------------------------------------
15
-------------------------------------------------------------------------------------------------------------------------------
Next Adjustment Date of the Adjustable-Rate Loans
-------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE
NUMBER OF ADJUSTABLE OF ADJUSTABLE REMAINING
OF RATE LOANS RATE LOANS TERM TO GROSS
MORTGAGE AS OF THE AS OF THE MATURITY DEBT-TO- COUPON OLTV
NEXT ADJUSTMENT DATE LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
September 2005 ............... 10 $ 1,799,447.86 0.40 343 36.05 8.101 622 78.79
October 2005 ................. 253 35,955,098.95 8.05 348 39.81 8.577 598 77.69
November 2005 ................ 127 18,186,469.76 4.07 350 40.55 8.505 586 79.57
December 2005 ................ 73 10,490,340.72 2.35 347 39.68 8.674 583 81.37
January 2006 ................. 114 14,128,135.60 3.16 355 39.97 8.655 572 79.69
February 2006 ................ 544 68,886,896.15 15.42 355 41.45 8.674 571 81.00
March 2006 ................... 1,914 274,823,657.58 61.52 357 39.99 8.211 584 79.98
April 2006 ................... 174 22,420,873.00 5.02 357 40.78 8.335 573 80.77
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 3,209 $446,690,919.62 100.00% 356 40.24 8.355 582 80.00
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Initial Periodic Cap of the Adjustable-Rate Loans
-------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE
NUMBER OF ADJUSTABLE OF ADJUSTABLE REMAINING
OF RATE LOANS RATE LOANS TERM TO GROSS
INITIAL PERIODIC MORTGAGE AS OF THE AS OF THE MATURITY DEBT-TO- COUPON OLTV
CAP (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
2.000 ........................ 3,209 $446,690,919.62 100.00% 356 40.24 8.355 582 80.00
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 3,209 $446,690,919.62 100.00% 356 40.24 8.355 582 80.00
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Periodic Cap of the Adjustable-Rate Loans
-------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE
NUMBER OF ADJUSTABLE OF ADJUSTABLE REMAINING
OF RATE LOANS RATE LOANS TERM TO GROSS
MORTGAGE AS OF THE AS OF THE MATURITY DEBT-TO- COUPON OLTV
PERIODIC CAP (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
1.000 ........................ 3,209 $446,690,919.62 100.00% 356 40.24 8.355 582 80.00
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 3,209 $446,690,919.62 100.00% 356 40.24 8.355 582 80.00
-------------------------------------------------------------------------------------------------------------------------------
Group II Mortgage Loan Statistics
The Group II Mortgage Loans consist of 1,346 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $312,987,815.69, after application of scheduled
payments due on or before the Cut-off Date whether or not received and
application of all unscheduled payments of principal received prior to the
Closing Date. None of the Group II Mortgage Loans had a first Due Date prior to
October 2003 or after May 2004, or will have a remaining term to stated maturity
of less than 176 months or greater than 360 months as of the Cut-off Date. The
latest maturity date of any Group II Mortgage Loan is April 2034.
16
-------------------------------------------------------------------------------------------------------------------------------
Collateral Type
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
2-yr Fixed/Adjustable-Rate ... 1,113 $203,309,743.96 64.96% 357 40.92 9.012 574 79.00
Fixed Rate ................... 233 109,678,071.73 35.04 350 38.91 6.123 678 79.36
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 1,346 $312,987,815.69 100.00% 355 40.22 8.000 611 79.12
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Principal Balances at Origination
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL REMAINING
RANGE OF OF BALANCE % OF PRINCIPAL TERM TO GROSS
PRINCIPAL BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY DEBT-TO- COUPON OLTV
AT ORIGINATION ($) LOANS ORIGINATION ORIGINATION (months)* INCOME (%)* (%)* FICO* (%)*
-------------------------------------------------------------------------------------------------------------------------------
50,001 - 100,000 .......... 486 $ 35,910,733.00 11.46% 356 39.04 10.284 551 74.39
100,001 - 150,000 .......... 218 26,503,247.00 8.46 357 42.00 10.083 549 79.11
150,001 - 200,000 .......... 90 15,471,196.00 4.94 358 43.98 10.029 557 78.50
200,001 - 250,000 .......... 39 8,785,650.00 2.80 358 42.62 10.014 551 76.64
250,001 - 300,000 .......... 21 5,686,300.00 1.81 358 41.91 10.053 553 75.23
300,001 - 350,000 .......... 60 20,339,031.00 6.49 351 40.21 7.580 605 80.38
350,001 - 400,000 .......... 140 52,589,928.00 16.78 353 40.85 7.632 619 81.79
400,001 - 450,000 .......... 78 33,241,959.00 10.61 355 39.79 7.029 635 83.56
450,001 - 500,000 .......... 71 33,800,116.00 10.79 357 40.35 7.095 632 80.73
500,001 - 550,000 .......... 57 30,140,430.00 9.62 350 36.24 6.682 649 79.37
550,001 - 600,000 .......... 84 49,206,785.00 15.70 356 40.51 6.702 655 76.45
700,001 - 750,000 .......... 1 740,000.00 0.24 359 46.00 5.750 774 70.48
950,001 - 1,000,000 .......... 1 975,000.00 0.31 359 24.00 5.750 747 65.00
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 1,346 $313,390,375.00 100.00% 355 40.22 7.999 611 79.12
-------------------------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
17
-------------------------------------------------------------------------------------------------------------------------------
Principal Balance as of the Cut-Off Date
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
RANGE OF PRINCIPAL OF BALANCE BALANCE AS OF TERM TO GROSS
BALANCES AS OF THE MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
CUT-OFF DATE ($) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 .... 486 $ 35,876,163.41 11.46% 356 39.04 10.284 551 74.39
100,000.01 - 150,000.00 .... 218 26,474,773.13 8.46 357 42.00 10.083 549 79.12
150,000.01 - 200,000.00 .... 90 15,453,545.46 4.94 358 43.98 10.029 557 78.51
200,000.01 - 250,000.00 .... 39 8,777,952.72 2.80 358 42.62 10.014 551 76.65
250,000.01 - 300,000.00 .... 21 5,681,078.80 1.82 358 41.91 10.053 553 75.23
300,000.01 - 350,000.00 .... 60 20,305,718.04 6.49 351 40.20 7.580 605 80.39
350,000.01 - 400,000.00 .... 140 52,520,312.41 16.78 353 40.85 7.632 619 81.79
400,000.01 - 450,000.00 .... 80 34,095,699.26 10.89 355 39.49 7.025 636 83.58
450,000.01 - 500,000.00 .... 69 32,855,181.01 10.50 357 40.68 7.101 631 80.64
500,000.01 - 550,000.00 .... 57 30,098,992.30 9.62 350 36.25 6.682 649 79.37
550,000.01 - 600,000.00 .... 84 49,135,189.72 15.70 356 40.50 6.702 655 76.45
700,000.01 - 750,000.00 .... 1 739,227.39 0.24 359 46.00 5.750 774 70.48
950,000.01 - 1,000,000.00 .... 1 973,982.04 0.31 359 24.00 5.750 747 65.00
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 1,346 $312,987,815.69 100.00% 355 40.22 8.000 611 79.12
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Stated Remaining Term to Maturity
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RANGE OF MONTHS REMAINING LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
121-180 ...................... 11 $ 3,646,915.17 1.17% 178 37.98 6.077 686 76.94
181-240 ...................... 15 3,238,214.19 1.03 239 36.67 6.782 668 80.63
241-300 ...................... 3 1,311,990.82 0.42 299 42.95 5.623 713 84.16
301-360 ...................... 1,317 304,790,695.51 97.38 358 40.27 8.046 609 79.11
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 1,346 $312,987,815.69 100.00% 355 40.22 8.000 611 79.12
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Mortgage Rate
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF CURRENT MORTGAGE MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RATES (%) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 .............. 3 $ 1,320,092.92 0.42% 358 40.92 5.320 718 77.07
5.500 - 5.999 .............. 149 70,156,632.73 22.42 349 38.12 5.749 700 79.27
6.000 - 6.499 .............. 63 28,845,797.83 9.22 351 41.16 6.236 645 81.54
6.500 - 6.999 .............. 72 32,651,702.80 10.43 358 40.24 6.770 631 81.89
7.000 - 7.499 .............. 29 13,135,265.05 4.20 354 41.91 7.205 590 78.56
7.500 - 7.999 .............. 63 26,171,474.35 8.36 358 42.48 7.763 594 80.63
8.000 - 8.499 .............. 25 9,131,087.71 2.92 357 42.68 8.256 573 79.65
8.500 - 8.999 .............. 41 15,311,577.24 4.89 358 38.70 8.717 583 81.27
9.000 - 9.499 .............. 164 23,374,794.95 7.47 357 42.80 9.250 554 75.72
9.500 - 9.999 .............. 322 41,789,350.55 13.35 357 40.27 9.752 555 78.05
10.000 - 10.499 .............. 108 12,955,146.35 4.14 357 39.29 10.260 556 78.04
10.500 - 10.999 .............. 154 19,816,168.88 6.33 357 40.51 10.736 547 76.21
11.000 - 11.499 .............. 52 6,063,047.90 1.94 358 38.47 11.243 566 75.85
11.500 - 11.999 .............. 57 6,863,726.05 2.19 357 39.52 11.758 548 76.29
12.000 - 12.499 .............. 24 2,794,724.76 0.89 359 38.06 12.255 551 77.29
12.500 - 12.999 .............. 17 2,378,075.24 0.76 358 41.01 12.744 550 80.30
13.000 - 13.499 .............. 3 229,150.38 0.07 359 43.61 13.244 586 80.70
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 1,346 $312,987,815.69 100.00% 355 40.22 8.000 611 79.12
-------------------------------------------------------------------------------------------------------------------------------
18
-------------------------------------------------------------------------------------------------------------------------------
Original Loan-to-Value Ratios
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF ORIGINAL MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
LOAN-TO-VALUE RATIOS (%) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
25.000 or less ............... 4 $ 244,900.13 0.08% 359 32.94 10.388 548 17.27
25.001 - 30.000 .............. 2 126,858.36 0.04 357 25.89 10.967 554 28.06
30.001 - 35.000 .............. 3 261,585.64 0.08 359 48.56 10.076 538 32.23
35.001 - 40.000 .............. 6 725,189.79 0.23 272 40.49 7.722 642 37.09
40.001 - 45.000 .............. 9 1,443,549.00 0.46 358 37.13 8.278 577 42.85
45.001 - 50.000 .............. 20 4,184,120.57 1.34 354 40.11 7.831 586 48.77
50.001 - 55.000 .............. 15 3,259,522.89 1.04 359 42.62 8.120 645 53.64
55.001 - 60.000 .............. 53 8,003,875.69 2.56 354 36.42 9.118 562 58.72
60.001 - 65.000 .............. 67 16,285,064.95 5.20 353 39.26 7.761 614 63.55
65.001 - 70.000 .............. 83 19,014,356.12 6.08 358 39.12 8.139 608 68.19
70.001 - 75.000 .............. 317 54,735,194.45 17.49 358 41.30 8.965 567 73.82
75.001 - 80.000 .............. 174 49,289,499.47 15.75 354 39.05 7.266 640 78.56
80.001 - 85.000 .............. 283 59,729,474.61 19.08 353 40.53 8.545 592 84.12
85.001 - 90.000 .............. 300 91,760,302.80 29.32 354 40.78 7.430 635 89.11
90.001 - 95.000 .............. 10 3,924,321.22 1.25 358 38.63 6.448 681 93.03
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 1,346 $312,987,815.69 100.00% 355 40.22 8.000 611 79.12
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
FICO Score at Origination
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RANGE OF FICO SCORES LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
500-519 ...................... 193 $ 27,735,077.23 8.86% 357 41.62 9.782 508 68.46
520-539 ...................... 276 39,859,486.44 12.74 357 41.46 10.021 528 77.00
540-559 ...................... 188 34,452,066.80 11.01 358 42.16 8.857 550 78.17
560-579 ...................... 142 25,903,388.77 8.28 358 41.95 9.126 569 81.66
580-599 ...................... 110 17,815,233.05 5.69 355 41.85 8.889 589 82.70
600-619 ...................... 89 22,536,083.93 7.20 358 36.90 8.252 610 79.73
620-639 ...................... 76 27,585,167.11 8.81 357 40.69 7.273 627 83.31
640-659 ...................... 74 29,140,529.75 9.31 352 40.07 7.036 649 83.07
660-679 ...................... 65 26,812,831.28 8.57 357 39.73 6.580 667 81.11
680-699 ...................... 46 20,870,522.40 6.67 354 38.59 6.070 689 80.64
700-719 ...................... 31 13,938,197.79 4.45 337 38.25 6.022 709 81.77
720-739 ...................... 28 12,286,212.47 3.93 350 35.03 5.986 729 80.01
740-759 ...................... 13 7,087,867.88 2.26 350 38.23 5.747 747 70.89
760-779 ...................... 11 5,070,836.99 1.62 338 37.81 5.586 770 73.13
780-799 ...................... 3 1,507,313.80 0.48 359 43.20 6.079 786 73.45
800-819 ...................... 1 387,000.00 0.12 360 33.00 6.950 802 90.00
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 1,346 $312,987,815.69 100.00% 355 40.22 8.000 611 79.12
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Debt-to-Income Ratio
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF DEBT-TO-INCOME MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RATIOS (%) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
20.000 or less ............... 87 $ 23,375,617.05 7.47% 352 14.62 7.947 616 77.51
20.001 - 25.000 .............. 66 13,807,172.54 4.41 358 23.14 7.722 626 76.91
25.001 - 30.000 .............. 99 18,596,939.73 5.94 351 27.70 8.211 609 78.64
30.001 - 35.000 .............. 123 29,892,952.29 9.55 356 33.24 7.503 642 80.37
35.001 - 40.000 .............. 181 38,361,735.16 12.26 352 37.86 8.251 609 80.17
40.001 - 45.000 .............. 254 60,018,524.93 19.18 357 42.95 7.985 614 78.87
45.001 - 50.000 .............. 357 93,542,072.58 29.89 354 48.13 7.820 611 79.93
50.001 - 55.000 .............. 179 35,392,801.41 11.31 358 53.26 8.677 569 77.42
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 1,346 $312,987,815.69 100.00% 355 40.22 8.000 611 79.12
-------------------------------------------------------------------------------------------------------------------------------
19
-------------------------------------------------------------------------------------------------------------------------------
Geographic Distribution
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
STATE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
Alabama ...................... 55 $ 5,710,653.91 1.82% 358 38.99 9.630 582 81.71
Arizona ...................... 11 2,400,345.93 0.77 332 33.07 8.427 665 78.47
California ................... 276 108,369,620.86 34.62 356 41.25 6.942 641 79.27
Colorado ..................... 19 5,387,670.86 1.72 359 39.52 8.296 591 80.06
Connecticut .................. 29 8,276,500.63 2.64 359 43.14 7.892 610 86.16
Florida ...................... 141 24,068,141.94 7.69 352 39.04 8.741 584 77.81
Georgia ...................... 39 5,551,954.91 1.77 356 41.45 9.453 578 82.49
Illinois ..................... 46 6,927,481.17 2.21 359 40.75 9.256 585 79.64
Indiana ...................... 27 2,503,349.59 0.80 358 38.91 10.071 563 77.35
Maryland ..................... 28 7,824,811.90 2.50 355 39.39 8.121 622 80.32
Massachusetts ................ 70 19,763,038.64 6.31 358 36.89 8.161 600 79.11
Michigan ..................... 73 12,063,416.27 3.85 358 42.83 8.726 576 78.91
Minnesota .................... 51 10,532,994.52 3.37 358 40.20 8.369 594 81.59
New York ..................... 91 33,310,838.02 10.64 347 36.68 7.606 623 75.25
Ohio ......................... 26 4,691,318.90 1.50 358 40.55 8.597 581 84.66
Pennsylvania ................. 40 4,729,762.44 1.51 340 41.57 9.232 569 81.22
Tennessee .................... 17 2,862,050.83 0.91 359 44.12 9.116 570 82.68
Texas ........................ 80 9,684,631.81 3.09 350 42.19 9.701 575 74.46
Washington ................... 20 5,333,136.47 1.70 358 42.41 9.307 597 79.05
Wisconsin .................... 45 6,819,623.61 2.18 355 40.66 8.636 588 79.77
Other ........................ 162 26,176,472.48 8.36 356 40.93 8.784 581 79.59
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 1,346 $312,987,815.69 100.00% 355 40.22 8.000 611 79.12
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Occupancy Status
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
OCCUPATION STATUS* LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
Owner Occupied ............... 1,262 $297,550,355.79 95.07% 355 40.54 7.950 610 79.26
Non-Owner Occupied ........... 68 11,964,235.97 3.82 358 31.95 9.200 617 75.68
Second Home .................. 16 3,473,223.93 1.11 358 40.92 8.126 629 79.36
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 1,346 $312,987,815.69 100.00% 355 40.22 8.000 611 79.12
-------------------------------------------------------------------------------------------------------------------------------
* Based on mortgagor representation at origination.
-------------------------------------------------------------------------------------------------------------------------------
Documentation Type
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
INCOME DOCUMENTATION LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
Full Documentation ........... 831 $207,565,819.57 66.32% 354 40.17 7.704 615 80.11
Stated Documentation ......... 344 63,615,664.50 20.33 357 40.86 8.930 599 75.00
Limited Documentation ........ 171 41,806,331.62 13.36 357 39.50 8.051 603 80.50
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 1,346 $312,987,815.69 100.00% 355 40.22 8.000 611 79.12
-------------------------------------------------------------------------------------------------------------------------------
20
-------------------------------------------------------------------------------------------------------------------------------
Loan Purpose
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
PURPOSE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
Refinance-Debt
Consolidation Cash Out** ..... 1,215 $282,636,192.15 90.30% 355 40.12 8.008 610 79.10
Refinance-Debt
Consolidation No
Cash Out*** .................. 122 28,388,873.99 9.07 355 41.64 7.941 615 79.24
Purchase ..................... 9 1,962,749.55 0.63 358 33.99 7.661 634 80.37
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 1,346 $312,987,815.69 100.00% 355 40.22 8.000 611 79.12
-------------------------------------------------------------------------------------------------------------------------------
** 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
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RISK CATEGORY LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
8A ........................... 70 $ 32,779,873.62 10.47% 341 37.30 5.835 739 77.10
7A ........................... 57 26,863,130.45 8.58 355 37.86 6.009 693 81.09
6A ........................... 58 25,633,413.42 8.19 356 39.92 6.442 668 81.21
5A ........................... 67 27,107,670.46 8.66 351 40.16 6.965 649 83.93
4A ........................... 70 26,730,987.54 8.54 357 41.54 7.147 626 82.46
3A ........................... 60 18,025,459.38 5.76 358 36.03 7.711 614 80.22
2A ........................... 205 44,505,642.83 14.22 356 42.32 8.457 576 82.85
A ............................ 93 15,932,155.02 5.09 359 41.62 9.471 576 83.25
B ............................ 352 52,219,782.76 16.68 357 41.28 9.852 541 77.87
C ............................ 268 37,238,545.80 11.90 357 41.71 9.819 526 70.75
D ............................ 46 5,951,154.41 1.90 358 37.12 10.039 517 56.65
-------------------------------------------------------------------------------------------------------------------------------
Total: ....................... 1,346 $312,987,815.69 100.00% 355 40.22 8.000 611 79.12
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Property Type
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
PROPERTY TYPE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
Single Family Detached ....... 1,151 $266,868,492.18 85.26% 355 40.43 7.991 609 79.20
Two-to Four Family ........... 61 15,617,516.65 4.99 359 37.95 8.202 627 75.17
PUD Detached ................. 49 14,710,254.06 4.70 355 42.80 7.560 617 80.50
Condominium .................. 44 12,064,071.51 3.85 353 35.19 7.935 624 82.70
Manufactured Housing ......... 21 1,627,299.92 0.52 358 38.71 10.116 567 69.71
Single Family Attached ....... 15 1,405,735.02 0.45 359 40.26 10.018 551 80.22
PUD Attached ................. 5 694,446.35 0.22 356 46.51 8.298 583 67.70
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 1,346 $312,987,815.69 100.00% 355 40.22 8.000 611 79.12
-------------------------------------------------------------------------------------------------------------------------------
21
-------------------------------------------------------------------------------------------------------------------------------
Prepayment Charge Term
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
ORIGINATION (MOS.) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
No Prepayment Penalty ........ 407 $ 78,580,483.56 25.11% 356 39.55 9.254 589 76.75
12 ........................... 68 28,523,147.13 9.11 345 39.63 6.458 658 78.24
24 ........................... 7 2,734,460.91 0.87 359 36.66 7.363 630 87.43
30 ........................... 3 981,084.35 0.31 358 42.72 8.759 532 79.68
36 ........................... 861 202,168,639.74 64.59 355 40.60 7.734 612 80.05
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 1,346 $312,987,815.69 100.00% 355 40.22 8.000 611 79.12
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Conforming Balance
-------------------------------------------------------------------------------------------------------------------------------
NUMBER PRINCIPAL % OF PRINCIPAL REMAINING
OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
CONFORMING BALANCE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
Conforming ................... 864 $ 95,610,512.64 30.55% 357 41.06 10.133 552 76.92
Nonconforming ................ 482 217,377,303.05 69.45 354 39.85 7.061 636 80.09
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 1,346 $312,987,815.69 100.00% 355 40.22 8.000 611 79.12
-------------------------------------------------------------------------------------------------------------------------------
Maximum Mortgage Rates of the Adjustable-Rate Loans
-------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE
NUMBER OF ADJUSTABLE OF ADJUSTABLE REMAINING
OF RATE LOANS RATE LOANS TERM TO GROSS
RANGE OF MAXIMUM MORTGAGE MORTGAGE AS OF THE AS OF THE MATURITY DEBT-TO- COUPON OLTV
RATES (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 .............. 2 $ 927,454.68 0.46% 359 42.15 5.350 692 86.84
11.500 - 11.999 .............. 12 5,003,330.93 2.46 359 40.96 5.806 689 85.57
12.000 - 12.499 .............. 12 5,689,649.05 2.80 359 44.15 6.248 645 84.01
12.500 - 12.999 .............. 44 19,366,138.74 9.53 359 39.18 6.793 615 82.89
13.000 - 13.499 .............. 25 11,027,053.05 5.42 353 42.07 7.217 586 78.07
13.500 - 13.999 .............. 55 22,662,380.84 11.15 358 42.79 7.770 587 80.56
14.000 - 14.499 .............. 25 9,131,087.71 4.49 357 42.68 8.256 573 79.65
14.500 - 14.999 .............. 39 14,241,722.19 7.00 358 38.09 8.706 584 81.81
15.000 - 15.499 .............. 164 23,374,794.95 11.50 357 42.80 9.250 554 75.72
15.500 - 15.999 .............. 320 40,786,092.26 20.06 357 40.93 9.752 555 78.21
16.000 - 16.499 .............. 108 12,955,146.35 6.37 357 39.29 10.260 556 78.04
16.500 - 16.999 .............. 154 19,816,168.88 9.75 357 40.51 10.736 547 76.21
17.000 - 17.499 .............. 52 6,063,047.90 2.98 358 38.47 11.243 566 75.85
17.500 - 17.999 .............. 57 6,863,726.05 3.38 357 39.52 11.758 548 76.29
18.000 - 18.499 .............. 24 2,794,724.76 1.37 359 38.06 12.255 551 77.29
18.500 - 18.999 .............. 17 2,378,075.24 1.17 358 41.01 12.744 550 80.30
19.000 - 19.499 .............. 3 229,150.38 0.11 359 43.61 13.244 586 80.70
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 1,113 $203,309,743.96 100.00% 357 40.92 9.012 574 79.00
-------------------------------------------------------------------------------------------------------------------------------
22
-------------------------------------------------------------------------------------------------------------------------------
Minimum Mortgage Rates of the Adjustable-Rate Loans
-------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE
NUMBER OF ADJUSTABLE OF ADJUSTABLE REMAINING
OF RATE LOANS RATE LOANS TERM TO GROSS
RANGE OF MINIMUM MORTGAGE MORTGAGE AS OF THE AS OF THE MATURITY DEBT-TO- COUPON OLTV
RATES (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 .............. 2 $ 927,454.68 0.46% 359 42.15 5.350 692 86.84
5.500 - 5.999 .............. 12 5,003,330.93 2.46 359 40.96 5.806 689 85.57
6.000 - 6.499 .............. 12 5,689,649.05 2.80 359 44.15 6.248 645 84.01
6.500 - 6.999 .............. 44 19,366,138.74 9.53 359 39.18 6.793 615 82.89
7.000 - 7.499 .............. 25 11,027,053.05 5.42 353 42.07 7.217 586 78.07
7.500 - 7.999 .............. 55 22,662,380.84 11.15 358 42.79 7.770 587 80.56
8.000 - 8.499 .............. 25 9,131,087.71 4.49 357 42.68 8.256 573 79.65
8.500 - 8.999 .............. 39 14,241,722.19 7.00 358 38.09 8.706 584 81.81
9.000 - 9.499 .............. 164 23,374,794.95 11.50 357 42.80 9.250 554 75.72
9.500 - 9.999 .............. 320 40,786,092.26 20.06 357 40.93 9.752 555 78.21
10.000 - 10.499 .............. 108 12,955,146.35 6.37 357 39.29 10.260 556 78.04
10.500 - 10.999 .............. 154 19,816,168.88 9.75 357 40.51 10.736 547 76.21
11.000 - 11.499 .............. 52 6,063,047.90 2.98 358 38.47 11.243 566 75.85
11.500 - 11.999 .............. 57 6,863,726.05 3.38 357 39.52 11.758 548 76.29
12.000 - 12.499 .............. 24 2,794,724.76 1.37 359 38.06 12.255 551 77.29
12.500 - 12.999 .............. 17 2,378,075.24 1.17 358 41.01 12.744 550 80.30
13.000 - 13.499 .............. 3 229,150.38 0.11 359 43.61 13.244 586 80.70
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 1,113 $203,309,743.96 100.00% 357 40.92 9.012 574 79.00
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Gross Margins of the Adjustable-Rate Loans
-------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE
NUMBER OF ADJUSTABLE OF ADJUSTABLE REMAINING
OF RATE LOANS RATE LOANS TERM TO GROSS
MORTGAGE AS OF THE AS OF THE MATURITY DEBT-TO- COUPON OLTV
RANGE OF GROSS MARGINS (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
3.750 - 3.999 ............... 3 $ 308,100.32 0.15% 359 32.37 9.755 535 73.88
4.000 - 4.249 ............... 1 583,982.90 0.29 357 48.00 8.750 567 86.67
4.750 - 4.999 ............... 9 2,717,780.26 1.34 359 29.94 6.813 738 82.95
5.000 - 5.249 ............... 16 7,067,534.17 3.48 358 39.84 6.640 688 83.50
5.250 - 5.499 ............... 22 8,274,701.08 4.07 358 39.77 7.449 655 81.67
5.500 - 5.749 ............... 35 12,828,961.88 6.31 358 38.73 7.935 647 86.36
5.750 - 5.999 ............... 51 13,372,723.05 6.58 358 40.57 8.253 608 84.01
6.000 - 6.249 ............... 249 53,105,186.84 26.12 357 41.33 8.522 583 82.80
6.250 - 6.499 ............... 91 15,141,239.20 7.45 359 41.45 9.581 573 82.11
6.500 - 6.749 ............... 350 49,761,141.80 24.48 357 41.45 9.926 540 77.64
6.750 - 6.999 ............... 286 40,148,392.46 19.75 358 41.47 9.797 525 68.77
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 1,113 $203,309,743.96 100.00% 357 40.92 9.012 574 79.00
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Next Adjustment Date of the Adjustable-Rate Loans
-------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE
NUMBER OF ADJUSTABLE OF ADJUSTABLE REMAINING
OF RATE LOANS RATE LOANS TERM TO GROSS
MORTGAGE AS OF THE AS OF THE MATURITY DEBT-TO- COUPON OLTV
NEXT ADJUSTMENT DATE LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
September 2005 ............... 3 $ 619,882.33 0.30% 353 52.80 9.250 565 84.30
October 2005 ................. 79 12,969,958.89 6.38 353 40.67 9.268 572 76.64
November 2005 ................ 46 6,810,962.25 3.35 355 43.69 9.709 547 73.04
December 2005 ................ 19 3,332,723.55 1.64 356 40.50 9.365 565 80.72
January 2006 ................. 64 14,452,187.48 7.11 356 40.89 8.742 572 80.56
February 2006 ................ 220 34,565,735.72 17.00 357 42.25 9.555 557 78.54
March 2006 ................... 619 120,243,119.74 59.14 358 40.57 8.745 581 79.43
April 2006 ................... 63 10,315,174.00 5.07 358 38.57 9.776 581 79.24
-------------------------------------------------------------------------------------------------------------------------------
Total ........................ 1,113 $203,309,743.96 100.00% 357 40.92 9.012 574 79.00
-------------------------------------------------------------------------------------------------------------------------------
23
-------------------------------------------------------------------------------------------------------------------------------
Initial Periodic Cap of the Adjustable-Rate Loans
-------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE
NUMBER OF ADJUSTABLE OF ADJUSTABLE REMAINING
OF RATE LOANS RATE LOANS TERM TO GROSS
INITIAL PERIODIC MORTGAGE AS OF THE AS OF THE MATURITY DEBT-TO- COUPON OLTV
CAP (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
2.000 ........................ 1,113 $203,309,743.96 100.00% 357 40.92 9.012 574 79.00
-------------------------------------------------------------------------------------------------------------------------------
Total: ....................... 1,113 $203,309,743.96 100.00% 357 40.92 9.012 574 79.00
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Periodic Cap of the Adjustable-Rate Loans
-------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE
NUMBER OF ADJUSTABLE OF ADJUSTABLE REMAINING
OF RATE LOANS RATE LOANS TERM TO GROSS
MORTGAGE AS OF THE AS OF THE MATURITY DEBT-TO- COUPON OLTV
PERIODIC CAP (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------------------------
1.000 ........................ 1,113 $203,309,743.96 100.00% 357 40.92 9.012 574 79.00
-------------------------------------------------------------------------------------------------------------------------------
Total: ....................... 1,113 $203,309,743.96 100.00% 357 40.92 9.012 574 79.00
-------------------------------------------------------------------------------------------------------------------------------
