Common use of Documentation Level Clause in Contracts

Documentation Level. of Mortgage Pool by Aggregate Aggregate Weighted Weighted Number Cut-off Cut-off Average Average Weighted Weighted of Date Date Gross Remaining Average Average Mortgage Principal Principal Interest Term Original FICO Documentation Level Loans Balance ($) Balance Rate (%) (months) LTV Score ----------------------------------------------- -------- ----------- --------- -------- --------- -------- -------- Full Documentation 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 91 24,494,735 6.02 6.860 356 82.10 611 Total: 1,891 406,749,915 100.00 6.983 351 80.23 618 Top

Documentation Level. of Mortgage Pool by Aggregate Aggregate Weighted Weighted Number Cut-off Cut-off Average Average Weighted Weighted of Date Date Gross Remaining Average Average Mortgage Principal Principal Interest Term Original FICO Documentation Level Loans Balance ($) Balance Rate (%) (months) LTV Score ----------------------------------------------- -------- ----------- ------------- --------- -------- --------- -------- -------- Full Documentation 1,027 193,841,748 47.66 6.837 349 81.01 611 3,725 600,676,906 50.04 6.745 350 79.90 Stated Documentation 773 188,413,431 46.32 7.149 353 79.18 625 2,689 535,728,690 44.63 7.113 352 79.71 Limited Documentation 91 24,494,735 6.02 6.860 356 82.10 611 315 64,072,122 5.34 6.836 351 82.38 Total: 1,891 406,749,915 6,729 1,200,477,717 100.00 6.983 6.914 351 80.23 618 79.95 Top

Documentation Level. of Mortgage Pool by Aggregate Aggregate Weighted Weighted Number Cut-off Cut-off Average Average Weighted Weighted of Date Date Gross Remaining Average Average Mortgage Principal Principal Interest Term Original FICO Documentation Level Loans Balance ($) Balance Rate (%) (months) LTV Score ----------------------------------------------- -------- ----------- ------------- --------- -------- --------- -------- -------- Full Documentation 1,027 193,841,748 47.66 6.837 349 81.01 611 2,698 406,835,158 51.26 6.701 351 79.36 Stated Documentation 773 188,413,431 46.32 7.149 353 79.18 625 1,916 347,315,258 43.76 7.093 352 80.00 Limited Documentation 91 24,494,735 6.02 6.860 356 82.10 611 224 39,577,386 4.99 6.822 348 82.55 Total: 1,891 406,749,915 4,838 793,727,802 100.00 6.983 6.879 351 80.23 618 79.80 Top

Documentation Level. of Mortgage Pool by Aggregate Aggregate Weighted Weighted Number Cut-off Cut-off Average Average Weighted Weighted of Date Date Gross Remaining Average Average Mortgage Principal Principal Interest Term Original FICO Documentation Level Loans Balance ($) Balance Rate (%) (months) LTV Score ----------------------------------------------- -------- ----------- --------- -------- --------- -------- -------- Full Documentation 1,027 193,841,748 47.66 6.837 349 81.01 611 2,698 406,835,158 51.26 6.701 351 79.36 605 Stated Documentation 773 188,413,431 46.32 7.149 353 79.18 625 1,916 347,315,258 43.76 7.093 352 80.00 623 Limited Documentation 91 24,494,735 6.02 6.860 356 82.10 611 224 39,577,386 4.99 6.822 348 82.55 615 Total: 1,891 406,749,915 4,838 793,727,802 100.00 6.983 6.879 351 80.23 618 79.80 613 Top