Common use of LXXXXX Clause in Contracts

LXXXXX. BROTHERS -------------------------------------------------------------------------------- Collateral Characteristics (continued) -------------------------------------------------------------------------------- Collateral characteristics are listed below as of the Cut-Off Date -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Original Terms to Stated Maturity -------------------------------------------------------------------------------- # of Mortgage % of Pool (Months) Loans Principal Balance ($) Principal Balance -------------------------------------------------------------------------------- 241 - 300 1 $185,716.00 0.04% 301 - 360 1,433 500,841,425.30 99.96 -------------------------------------------------------------------------------- Total: 1,434 $501,027,141.30 100.00% -------------------------------------------------------------------------------- Min.: 300 Max.: 360 Weighted Avg.: 360 -------------------------------------------------------------------------------- Remaining Terms to Stated Maturity -------------------------------------------------------------------------------- # of Mortgage % of Pool (Months) Loans Principal Balance ($) Principal Balance -------------------------------------------------------------------------------- 241 - 300 1 $185,716.00 0.04% 301 - 360 1,433 500,841,425.30 99.96 -------------------------------------------------------------------------------- Total: 1,434 $501,027,141.30 100.00% -------------------------------------------------------------------------------- Min: 287 Max: 360 Weighted Avg.: 357 -------------------------------------------------------------------------------- Investors are urged to read the final Prospectus Supplement and the related Prospectus, which will be filed with the Securities and Exchange Commission and may be accessed free of charge on the SEC's web site, wxx.xxx.xxx. A copy of the Prospectus Supplement and Prospectus will be provided by Lxxxxx Brothers Inc. upon request. Alternatively, if the offering is not registered under the Securities Act, investors should read the final Offering Memorandum. (The Prospectus Supplement and Prospectus are referred to collectively, and the Offering Memorandum is referred to, as the "Offering Document"). The Offering Document contains important information about the offered securities that is not contained in these materials. Information contained herein does not purport to be complete and is subject to the same qualifications and assumptions, and should be considered by investors only in the light of the same warnings, lack of assurances and representations and other precautionary matters, as disclosed in the Offering Document. [[Information regarding the underlying assets has been provided by the issuer of the securities or an affiliate thereof and has not been independently verified by Lxxxxx Brothers Inc. or any affiliate.]] The analyses contained herein have been prepared on the basis of certain assumptions (including, in certain cases, assumptions specified by the recipient hereof) regarding payments, interest rates, losses and other matters, including, but not limited to, the assumptions described in the Offering Document. Lxxxxx Brothers Inc., and any of its affiliates, make no representation or warranty as to the actual rate or timing of payments on any of the underlying assets or the payments or yield on the securities. This information supersedes any prior versions hereof.

LXXXXX. BROTHERS -------------------------------------------------------------------------------- Collateral Characteristics (continued) -------------------------------------------------------------------------------- Collateral characteristics are listed below as of the Cut-Off Date -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Original Terms to Stated Maturity -------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- Loan Purpose ---------------------------------------------------------------------------------------------------- # of Mortgage % of Pool (Months) Loans Principal Balance ($) Principal Balance -------------------------------------------------------------------------------- 241 - 300 1 ---------------------------------------------------------------------------------------------------- Purchase 816 $185,716.00 0.04283,237,234.54 56.53% 301 - 360 1,433 500,841,425.30 99.96 -------------------------------------------------------------------------------- Cash Out Refinance 324 130,282,524.65 26.00 Rate/Term Refinance 294 87,507,382.11 17.47 ---------------------------------------------------------------------------------------------------- Total: 1,434 $501,027,141.30 100.00% -------------------------------------------------------------------------------- Min.: 300 Max.: 360 Weighted Avg.: 360 -------------------------------------------------------------------------------- Remaining Terms to Stated Maturity -------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- Property Type ---------------------------------------------------------------------------------------------------- # of Mortgage % of Pool (Months) Loans Principal Balance ($) Principal Balance -------------------------------------------------------------------------------- 241 - 300 1 ---------------------------------------------------------------------------------------------------- Single Family 814 $185,716.00 0.04295,865,287.62 59.05% 301 - 360 1,433 500,841,425.30 99.96 -------------------------------------------------------------------------------- PUD 369 123,642,182.24 24.68 Condo 196 61,266,597.94 12.23 2-4 Family 55 20,253,073.50 4.04 ---------------------------------------------------------------------------------------------------- Total: 1,434 $501,027,141.30 100.00% -------------------------------------------------------------------------------- Min: 287 Max: 360 Weighted Avg.: 357 -------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- Investors are urged to read the final Prospectus Supplement and the related Prospectus, which will be filed with the Securities and Exchange Commission and may be accessed free of charge on the SEC's web site, wxx.xxx.xxx. A copy of the Prospectus Supplement and Prospectus will be provided by Lxxxxx Brothers Inc. upon request. Alternatively, if the offering is not registered under the Securities Act, investors should read the final Offering Memorandum. (The Prospectus Supplement and Prospectus are referred to collectively, and the Offering Memorandum is referred to, as the "Offering Document"). The Offering Document contains important information about the offered securities that is not contained in these materials. Information contained herein does not purport to be complete and is subject to the same qualifications and assumptions, and should be considered by investors only in the light of the same warnings, lack of assurances and representations and other precautionary matters, as disclosed in the Offering Document. [[Information regarding the underlying assets has been provided by the issuer of the securities or an affiliate thereof and has not been independently verified by Lxxxxx Brothers Inc. or any affiliate.]] The analyses contained herein have been prepared on the basis of certain assumptions (including, in certain cases, assumptions specified by the recipient hereof) regarding payments, interest rates, losses and other matters, including, but not limited to, the assumptions described in the Offering Document. Lxxxxx Brothers Inc., and any of its affiliates, make no representation or warranty as to the actual rate or timing of payments on any of the underlying assets or the payments or yield on the securities. This information supersedes any prior versions hereof.

LXXXXX. BROTHERS -------------------------------------------------------------------------------- Collateral Characteristics (continued) -------------------------------------------------------------------------------- Collateral characteristics are listed below as of the Cut-Off Date -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Original Terms to Stated Maturity Loan-to-Value Ratio -------------------------------------------------------------------------------- # of Mortgage % of Pool (Months%) Loans Principal Balance ($) Principal Balance -------------------------------------------------------------------------------- 241 10.01 - 300 1 20.00 2 $185,716.00 208,000.00 0.04% 301 20.01 - 360 1,433 500,841,425.30 99.96 30.00 7 1,046,873.54 0.21 30.01 - 40.00 24 13,458,185.13 2.69 40.01 - 50.00 39 18,367,521.26 3.67 50.01 - 60.00 75 34,780,585.47 6.94 60.01 - 70.00 235 109,690,430.72 21.89 70.01 - 80.00 967 305,436,515.95 60.96 80.01 - 90.00 55 11,013,711.51 2.20 90.01 - 100.00 30 7,025,317.72 1.40 -------------------------------------------------------------------------------- Total: 1,434 $501,027,141.30 100.00% -------------------------------------------------------------------------------- Min.: 300 12.50% Max.: 360 100.00% Weighted Avg.: 360 -------------------------------------------------------------------------------- Remaining Terms to Stated Maturity -------------------------------------------------------------------------------- # of Mortgage 72.41% of Pool (Months) Loans Principal Balance ($) Principal Balance -------------------------------------------------------------------------------- 241 - 300 1 $185,716.00 0.04% 301 - 360 1,433 500,841,425.30 99.96 -------------------------------------------------------------------------------- Total: 1,434 $501,027,141.30 100.00% -------------------------------------------------------------------------------- Min: 287 Max: 360 Weighted Avg.: 357 -------------------------------------------------------------------------------- Investors are urged to read the final Prospectus Supplement and the related Prospectus, which will be filed with the Securities and Exchange Commission and may be accessed free of charge on the SEC's web site, wxx.xxx.xxx. A copy of the Prospectus Supplement and Prospectus will be provided by Lxxxxx Brothers Inc. upon request. Alternatively, if the offering is not registered under the Securities Act, investors should read the final Offering Memorandum. (The Prospectus Supplement and Prospectus are referred to collectively, and the Offering Memorandum is referred to, as the "Offering Document"). The Offering Document contains important information about the offered securities that is not contained in these materials. Information contained herein does not purport to be complete and is subject to the same qualifications and assumptions, and should be considered by investors only in the light of the same warnings, lack of assurances and representations and other precautionary matters, as disclosed in the Offering Document. [[Information regarding the underlying assets has been provided by the issuer of the securities or an affiliate thereof and has not been independently verified by Lxxxxx Brothers Inc. or any affiliate.]] The analyses contained herein have been prepared on the basis of certain assumptions (including, in certain cases, assumptions specified by the recipient hereof) regarding payments, interest rates, losses and other matters, including, but not limited to, the assumptions described in the Offering Document. Lxxxxx Brothers Inc., and any of its affiliates, make no representation or warranty as to the actual rate or timing of payments on any of the underlying assets or the payments or yield on the securities. This information supersedes any prior versions hereof.

LXXXXX. BROTHERS -------------------------------------------------------------------------------- Collateral Characteristics SARM 2005-5 -Collateral Summary -------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Total Number of Loans 1,434 Occupancy Status Total Outstanding Loan Balance $501,027,141 Primary Home 85.05% Average Loan Principal Balance $349,391 Investment 10.14% Prepayment Penalty 20.59% Second Home 4.81% Weighted Average Coupon 4.705% Weighted Average Margin 2.231% Weighted Average Original Term (continuedmo.) -------------------------------------------------------------------------------- Collateral characteristics are listed below as 360 Geographic Distribution Weighted Average Remaining Term (mo.) 357 (Other states account individually for less than Weighted Average Loan Age (mo.) 3 3% of the Cut-Off off Date -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- principal balance.) Original Terms to Stated Maturity -------------------------------------------------------------------------------- # of Mortgage LTV >80 and no MI (whole pool) 0.21% of Pool (Months) Loans Principal Balance ($) Principal Balance -------------------------------------------------------------------------------- 241 - 300 1 $185,716.00 0.04CA 46.64% 301 - 360 1,433 500,841,425.30 99.96 -------------------------------------------------------------------------------- Total: 1,434 $501,027,141.30 Weighted Average Original LTV 72.41% FL 6.92% Non-Zero Weighted Average FICO 724 AZ 5.76% CO 4.56% NV 3.12% Lien Position First 100.00% -------------------------------------------------------------------------------- Min.: 300 Max.: 360 Weighted Avg.: 360 -------------------------------------------------------------------------------- Remaining Terms to Stated Maturity -------------------------------------------------------------------------------- # of Mortgage % of Pool (Months) Loans Principal Balance ($) Principal Balance -------------------------------------------------------------------------------- 241 - 300 1 $185,716.00 0.04% 301 - 360 1,433 500,841,425.30 99.96 -------------------------------------------------------------------------------- Total: 1,434 $501,027,141.30 100.00% -------------------------------------------------------------------------------- Min: 287 Max: 360 Weighted Avg.: 357 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Investors are urged to read the final Prospectus Supplement and the related Prospectus, which will be filed with the Securities and Exchange Commission and may be accessed free of charge on the SEC's web site, wxx.xxx.xxx. A copy of the Prospectus Supplement and Prospectus will be provided by Lxxxxx Brothers Inc. upon request. Alternatively, if the offering is not registered under the Securities Act, investors should read the final Offering Memorandum. (The Prospectus Supplement and Prospectus are referred to collectively, and the Offering Memorandum is referred to, as the "Offering Document"). The Offering Document contains important information about the offered securities that is not contained in these materials. Information contained herein does not purport to be complete and is subject to the same qualifications and assumptions, and should be considered by investors only in the light of the same warnings, lack of assurances and representations and other precautionary matters, as disclosed in the Offering Document. [[Information regarding the underlying assets has been provided by the issuer of the securities or an affiliate thereof and has not been independently verified by Lxxxxx Brothers Inc. or any affiliate.]] The analyses contained herein have been prepared on the basis of certain assumptions (including, in certain cases, assumptions specified by the recipient hereof) regarding payments, interest rates, losses and other matters, including, but not limited to, the assumptions described in the Offering Document. Lxxxxx Brothers Inc., and any of its affiliates, make no representation or warranty as to the actual rate or timing of payments on any of the underlying assets or the payments or yield on the securities. This information supersedes any prior versions hereof.