Common use of Documentation Level Clause in Contracts

Documentation Level. of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average Weighted of Date Date Gross Remaining Combined Average Mortgage Principal Principal Interest Term Original FICO Documentation Level Loans Balance ($) Balance Rate (%) (months) LTV Score ------------------------------------------------------------------------------------------------------------------------------ Full Documentation 289 91,692,065 89.69 5.923 357 82.60 660 Limited Documentation 22 7,221,716 7.06 5.915 357 77.86 645 Stated Documentation 9 3,321,795 3.25 5.765 357 74.70 677 Total: 320 102,235,576 100.00 5.917 357 82.01 660 ------------------------------------------------------------------------------------------------------------------------------

Documentation Level. of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average Weighted Weighted of Date Date Gross Remaining Combined Average Average Mortgage Principal Principal Interest Term Original FICO Documentation Level Loans Balance ($) Balance Rate (%) (months) LTV Score ------------------------------------------------------------------------------------------------------------------------------ ----------------------------------------------- -------- ----------- --------- -------- --------- -------- -------- Full Documentation 289 91,692,065 89.69 5.923 357 82.60 660 2,698 406,835,158 51.26 6.701 351 79.36 605 Stated Documentation 1,916 347,315,258 43.76 7.093 352 80.00 623 Limited Documentation 22 7,221,716 7.06 5.915 357 77.86 645 Stated Documentation 9 3,321,795 3.25 5.765 357 74.70 677 224 39,577,386 4.99 6.822 348 82.55 615 Total: 320 102,235,576 4,838 793,727,802 100.00 5.917 357 82.01 660 ------------------------------------------------------------------------------------------------------------------------------6.879 351 79.80 613 Top

Documentation Level. of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average Weighted of Date Date Gross Remaining Combined Average Mortgage Principal Principal Interest Term Original FICO Documentation Level Loans Balance ($) Balance Rate (%) (months) LTV Score ------------------------------------------------------------------------------------------------------------------------------ Full Documentation 289 91,692,065 89.69 5.923 357 82.60 660 802 84,770,668 72.11 8.165 291 97.30 643 Stated Documentation 384 26,816,937 22.81 10.075 220 98.62 676 Limited Documentation 22 7,221,716 7.06 5.915 357 77.86 645 Stated Documentation 9 3,321,795 3.25 5.765 357 74.70 677 58 5,969,238 5.08 8.627 257 97.53 640 Total: 320 102,235,576 1,244 117,556,843 100.00 5.917 357 82.01 660 8.624 273 97.61 650 ------------------------------------------------------------------------------------------------------------------------------

Documentation Level. of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average Weighted of Date Date Gross Remaining Combined Average Mortgage Principal Principal Interest Term Original FICO Documentation Level Loans Balance ($) Balance Rate (%) (months) LTV Score ------------------------------------------------------------------------------------------------------------------------------ ----------------------------------------------- -------- ------------- --------- -------- --------- -------- Full Documentation 289 91,692,065 89.69 5.923 357 82.60 660 3,725 600,676,906 50.04 6.745 350 79.90 Stated Documentation 2,689 535,728,690 44.63 7.113 352 79.71 Limited Documentation 22 7,221,716 7.06 5.915 357 77.86 645 Stated Documentation 9 3,321,795 3.25 5.765 357 74.70 677 315 64,072,122 5.34 6.836 351 82.38 Total: 320 102,235,576 6,729 1,200,477,717 100.00 5.917 357 82.01 660 ------------------------------------------------------------------------------------------------------------------------------6.914 351 79.95 Top

Documentation Level. of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average Weighted of Date Date Gross Remaining Combined Average Mortgage Principal Principal Interest Term Original FICO Documentation Level Loans Balance ($) Balance Rate (%) (months) LTV Score ------------------------------------------------------------------------------------------------------------------------------ Full Documentation 289 91,692,065 89.69 5.923 332 55,815,219 84.96 7.696 355 79.95 526 Stated Documentation 41 8,894,114 13.54 7.699 357 82.60 660 70.14 525 Limited Documentation 22 7,221,716 7.06 5.915 357 77.86 645 Stated Documentation 9 3,321,795 3.25 5.765 357 74.70 677 6 983,150 1.50 7.887 356 74.51 528 Total: 320 102,235,576 379 65,692,482 100.00 5.917 357 82.01 660 7.699 356 78.54 525 ------------------------------------------------------------------------------------------------------------------------------

Documentation Level. of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average Weighted Weighted of Date Date Gross Remaining Combined Average Average Mortgage Principal Principal Interest Term Original FICO Documentation Level Loans Balance ($) Balance Rate (%) (months) LTV Score ------------------------------------------------------------------------------------------------------------------------------ ----------------------------------------------- -------- ----------- --------- -------- --------- -------- -------- Full Documentation 289 91,692,065 89.69 5.923 357 82.60 660 1,027 193,841,748 47.66 6.837 349 81.01 611 Stated Documentation 773 188,413,431 46.32 7.149 353 79.18 625 Limited Documentation 22 7,221,716 7.06 5.915 357 77.86 645 Stated Documentation 9 3,321,795 3.25 5.765 357 74.70 677 91 24,494,735 6.02 6.860 356 82.10 611 Total: 320 102,235,576 1,891 406,749,915 100.00 5.917 357 82.01 660 ------------------------------------------------------------------------------------------------------------------------------6.983 351 80.23 618 Top

Documentation Level. of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average Weighted of Date Date Gross Remaining Combined Average Mortgage Principal Principal Interest Term Original FICO Documentation Level Loans Balance ($) Balance Rate (%) (months) LTV Score ------------------------------------------------------------------------------------------------------------------------------ ----------------------------------------------- -------- ------------- --------- -------- --------- -------- Full Documentation 289 91,692,065 89.69 5.923 357 82.60 660 2,698 406,835,158 51.26 6.701 351 79.36 Stated Documentation 1,916 347,315,258 43.76 7.093 352 80.00 Limited Documentation 22 7,221,716 7.06 5.915 357 77.86 645 Stated Documentation 9 3,321,795 3.25 5.765 357 74.70 677 224 39,577,386 4.99 6.822 348 82.55 Total: 320 102,235,576 4,838 793,727,802 100.00 5.917 357 82.01 660 ------------------------------------------------------------------------------------------------------------------------------6.879 351 79.80 Top