Contract
EXHIBIT
99.2
The
depositor has purchased mortgage loans from IndyMac Bank, F.S.B. (“IndyMac
Bank”) pursuant to a pooling and servicing agreement, dated as of June 1, 2006,
among IndyMac Bank, as seller and servicer, the depositor and the trustee,
and
assigned to the trustee for the benefit of holders of the certificates the
mortgage loans (the “Closing Date Mortgage Loans”). Pursuant to each subsequent
transfer instrument, the trust acquired subsequent mortgage loans (the
“Subsequent Mortgage Loans” and together with the Closing Date Mortgage Loans,
the “Mortgage Loans”) to be included in the mortgage pool. The Closing Date
Mortgage Loans and Subsequent Mortgage Loans included in the trust are referred
to as the “Mortgage Loans”. The Mortgage Loans have an aggregate principal
balance as of the subsequent cut-off date of approximately $55,713,769. The
Mortgage Loans included in loan group I have an aggregate principal balance
equal to approximately $191,571,886, the Mortgage Loans included in loan group
II have an aggregate principal balance equal to approximately $191,086,390
and
the Mortgage Loans included in loan group III have an aggregate principal
balance equal to approximately $383,400,483.
At
origination, 99.18% of the Mortgage Loans in loan group I, approximately 96.56%
of the Mortgage Loans in loan group II and approximately 97.51% of the Mortgage
Loans in loan group III had stated terms to maturity of 30 years. Substantially
all of the Mortgage Loans provide for payments due on the first day of each
month (a “due date”). Scheduled monthly payments made by the mortgagors on the
mortgage loans (“scheduled payments”) either earlier or later than the scheduled
due dates thereof is not expected to affect the amortization schedule or the
relative application of those payments to principal and interest.
With
the
exception of 116 of the Mortgage Loans in loan group I, 131 of the Mortgage
Loans in loan group II, and 544 of the Mortgage Loans in loan group III,
representing approximately 13.61%, 14.67% and 34.65%, respectively, of the
Mortgage Loans in that loan group (these Mortgage Loans are referred to in
this
prospectus supplement as the “interest-only mortgage loans”), all of the
Mortgage Loans in each loan group will provide for the amortization of the
amount financed over a series of substantially equal monthly payments. The
terms
of the interest-only mortgage loans only require the related mortgagor to pay
interest on the principal balance of the mortgage loan for either the first
two,
three, five or ten years after its origination, but require that the entire
principal balance of the mortgage loan be fully amortized over the related
remaining term of the mortgage loan following such interest only
period.
Approximately
14.49% of the Mortgage Loans in loan group I, approximately 16.87% of the
Mortgage Loans in loan group II and approximately 13.31% of the Mortgage Loans
in loan group III are balloon loans and provide for equal monthly payments,
consisting of principal and interest, based on a stated amortization schedule,
and a single payment of the remaining principal balance of the loan at maturity.
Approximately
698 Mortgage Loans in loan group I, approximately 755 Mortgage Loans in loan
group II and approximately 1235 of the Mortgage Loans in loan group III
representing approximately 59.90%, 58.27% and 63.04% of the cut-off date
principal balance of the mortgage loans in the respective loan groups contain
prepayment charges. Prepayment charges provide that if the borrower were to
prepay the mortgage loan in full at any time from the origination of the
mortgage loan to a date set forth in the related mortgage note (the “Prepayment
Charge Period”), the borrower would also have to pay a fee in addition to the
amount necessary to repay the mortgage loan. The Prepayment Charge Period for
the mortgage loans vary from one year to five years, depending on the terms
set
forth in the related mortgage note. The amount of the prepayment charge
varies.
The
mortgage rate of each of the fixed-rate mortgage loans will be fixed for the
life of the loan. The Mortgage Rates for a substantial majority of the
adjustable-rate mortgage loans will be fixed for a period after the origination
of each such mortgage loan, after which it will adjust semi-annually or annually
based on the applicable Loan Index. The rates on these loans adjust periodically
on a date (the “Adjustment Date”) after an initial period during which their
rate is fixed that ends on their initial Adjustment Date. The change in the
interest rate of any adjustable rate loan on any single Adjustment Date may
not
exceed a maximum known as its “Periodic Rate Cap” nor the maximum known as the
“Maximum Mortgage Rate”. The interest rate for each of these mortgage loans is
computed as a margin specified in the related mortgage note over the applicable
Loan Index which may be 6-month LIBOR, 1-year LIBOR or 1-year CMT. “6-month
LIBOR” is the average of interbank offered rates for six month U.S. dollar
deposits, respectively, in the London market based on quotations of major banks,
as published either (x) by Xxxxxx Xxx either 30 or 45 days before the Adjustment
Date or (y) in the “Money Rates” section of The Wall Street Journal as of the
first business day of the month before the Adjustment Date. “1-year LIBOR” is
the average of interbank offered rates for one year U.S. dollar deposits,
respectively, in the London market based on quotations of major banks, as
published either (x) by Xxxxxx Mae either 30 or 45 days before the Adjustment
Date or (y) in the “Money Rates” section of The Wall Street Journal as of the
first business day of the month before the Adjustment Date. “1-year CMT” is the
weekly average yield on U.S. Treasury Securities adjusted to a constant maturity
of one year as made available by the Federal Reserve. The following tables
summarize these characteristics of the different loan programs for the different
types of adjustable-rate mortgage loans that will be included in the trust.
|
Type
|
Initial
Fixed
Rate
Period
|
Base
Index
|
Periodic
Rate
Adjustment
Period
|
|
2/6
LIBOR Adjustable Mortgage Loans
|
2
years
|
6-month
LIBOR
|
6
mos.
|
|
3/6
LIBOR Adjustable Mortgage Loans
|
3
years
|
6-month
LIBOR
|
6
mos.
|
|
3/1
CMT Adjustable Mortgage Loans
|
3
years
|
1-year
CMT
|
1
year
|
|
3/1
LIBOR Adjustable Mortgage Loans
|
3
years
|
1-year
LIBOR
|
1
year
|
|
5/6
LIBOR Adjustable Mortgage Loans
|
5
years
|
6-month
LIBOR
|
6
mos.
|
|
5/1
CMT Adjustable Mortgage Loans
|
5
years
|
1-year
CMT
|
1
year
|
|
5/1
LIBOR Adjustable Mortgage Loans
|
5
years
|
1-year
LIBOR
|
1
year
|
The
2/28
Adjustable Mortgage Loans will include performance loans (“Performance Loans”)
that provide borrowers the potential of a margin reduction for good payment
history. The payment history for the Performance Loan is evaluated in the second
month preceding the month in which the initial Adjustment Date occurs. If the
related borrower has made scheduled payments in full since the origination
of
that loan with a maximum of one late payment (which cannot be in the month
of
evaluation) the loan is eligible for a reduction (ranging from 0.50% to 1.00%)
in the margin used to calculate the mortgage rate. Approximately 1.3767% of
the
Mortgage Loans are Performance Loans.
ALL
MORTGAGE LOANS AND SUBSEQUENT MORTGAGE LOANS
Current
Principal Balance
Mortgage
Loans and
Subsequent Mortgage Loans
|
Range
of Current
Mortgage
Loan Principal Balance
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
0.01-50,000.00
|
384
|
$
|
13,620,771
|
1.78
|
%
|
|||||
|
50,000.01-100,000.00
|
839
|
64,306,000
|
8.39
|
|||||||
|
100,000.01-150,000.00
|
880
|
109,533,704
|
14.30
|
|||||||
|
150,000.01-200,000.00
|
707
|
124,580,719
|
16.26
|
|||||||
|
200,000.01-250,000.00
|
508
|
114,442,466
|
14.94
|
|||||||
|
250,000.01-300,000.00
|
390
|
106,985,977
|
13.97
|
|||||||
|
300,000.01-350,000.00
|
217
|
70,104,152
|
9.15
|
|||||||
|
350,000.01-400,000.00
|
191
|
71,905,048
|
9.39
|
|||||||
|
400,000.01-450,000.00
|
76
|
32,668,998
|
4.26
|
|||||||
|
450,000.01-500,000.00
|
56
|
27,019,399
|
3.53
|
|||||||
|
500,000.01-550,000.00
|
16
|
8,379,302
|
1.09
|
|||||||
|
550,000.01-600,000.00
|
13
|
7,473,992
|
0.98
|
|||||||
|
600,000.01-650,000.00
|
7
|
4,463,800
|
0.58
|
|||||||
|
650,000.01-700,000.00
|
1
|
670,500
|
0.09
|
|||||||
|
700,000.01-750,000.00
|
7
|
5,097,121
|
0.67
|
|||||||
|
800,000.01-850,000.00
|
1
|
824,000
|
0.11
|
|||||||
|
950,000.01-1,000,000.00
|
4
|
3,964,811
|
0.52
|
|||||||
|
Total
|
4,297
|
$
|
766,040,759
|
100.00
|
%
|
|||||
The
average current principal balance of the Mortgage Loans is approximately
$178,273.
Mortgage
Rate
Mortgage
Loans and
Subsequent Mortgage Loans
|
Current
Gross Mortgage Rate
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
4.001-4.500
|
2
|
$
|
596,720
|
0.08
|
%
|
|||||
|
4.501-5.000
|
2
|
980,000
|
0.13
|
|||||||
|
5.001-5.500
|
11
|
3,633,130
|
0.47
|
|||||||
|
5.501-6.000
|
44
|
12,458,804
|
1.63
|
|||||||
|
6.001-6.500
|
144
|
36,161,256
|
4.72
|
|||||||
|
6.501-7.000
|
276
|
70,601,618
|
9.22
|
|||||||
|
7.001-7.500
|
339
|
77,948,627
|
10.18
|
|||||||
|
7.501-8.000
|
534
|
113,974,452
|
14.88
|
|||||||
|
8.001-8.500
|
477
|
98,500,620
|
12.86
|
|||||||
|
8.501-9.000
|
595
|
103,279,748
|
13.48
|
|||||||
|
9.001-9.500
|
538
|
81,853,251
|
10.69
|
|||||||
|
9.501-10.000
|
517
|
74,145,666
|
9.68
|
|||||||
|
10.001-10.500
|
320
|
35,822,985
|
4.68
|
|||||||
|
10.501-11.000
|
189
|
21,994,275
|
2.87
|
|||||||
|
11.001-11.500
|
110
|
12,733,427
|
1.66
|
|||||||
|
11.501-12.000
|
109
|
12,002,878
|
1.57
|
|||||||
|
12.001-12.500
|
53
|
6,575,357
|
0.86
|
|||||||
|
12.501-13.000
|
20
|
1,559,900
|
0.20
|
|||||||
|
13.001-13.500
|
8
|
864,505
|
0.11
|
|||||||
|
13.501-14.000
|
7
|
293,949
|
0.04
|
|||||||
|
14.001-14.500
|
2
|
59,590
|
0.01
|
|||||||
|
Total
|
4,297
|
$
|
766,040,759
|
100.00
|
%
|
|||||
The
weighted average mortgage rate of the Mortgage Loans is approximately
8.494%.
FICO
Score
Mortgage
Loans and
Subsequent Mortgage Loans
|
FICO
Score
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
500
and below
|
27
|
$
|
3,545,689
|
0.46
|
%
|
|||||
|
501-520
|
238
|
37,023,457
|
4.83
|
|||||||
|
521-540
|
327
|
55,163,257
|
7.20
|
|||||||
|
541-560
|
386
|
65,008,808
|
8.49
|
|||||||
|
561-580
|
407
|
70,509,160
|
9.20
|
|||||||
|
581-600
|
447
|
82,349,929
|
10.75
|
|||||||
|
601-620
|
713
|
128,671,428
|
16.80
|
|||||||
|
621-640
|
463
|
92,817,666
|
12.12
|
|||||||
|
641-660
|
359
|
69,912,039
|
9.13
|
|||||||
|
661-680
|
265
|
54,225,311
|
7.08
|
|||||||
|
681-700
|
250
|
37,892,340
|
4.95
|
|||||||
|
701-720
|
179
|
24,773,011
|
3.23
|
|||||||
|
721-740
|
131
|
20,636,737
|
2.69
|
|||||||
|
000-000
|
00
|
00,724,742
|
1.53
|
|||||||
|
761-780
|
24
|
5,416,929
|
0.71
|
|||||||
|
781-800
|
17
|
5,528,924
|
0.72
|
|||||||
|
801-820
|
3
|
841,331
|
0.11
|
|||||||
|
Total
|
4,297
|
$
|
766,040,759
|
100.00
|
%
|
|||||
The
non-zero weighted average FICO score of the Mortgage Loans is approximately
614.
CREDIT
LEVELS
Mortgage
Loans and
Subsequent Mortgage Loans
|
Credit
Level
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
0
|
403
|
$
|
43,507,992
|
5.68
|
%
|
|||||
|
1++
|
2,647
|
504,237,432
|
65.82
|
|||||||
|
1+
|
409
|
78,638,649
|
10.27
|
|||||||
|
1
|
249
|
48,387,275
|
6.32
|
|||||||
|
2
|
180
|
30,390,450
|
3.97
|
|||||||
|
3
|
157
|
24,138,217
|
3.15
|
|||||||
|
4
|
252
|
36,740,744
|
4.80
|
|||||||
|
Total
|
4,297
|
$
|
766,040,759
|
100.00
|
%
|
|||||
LIEN
STATUS
Mortgage
Loans and
Subsequent Mortgage Loans
|
Lien
Status
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
First
Lien
|
3,960
|
$
|
748,111,360
|
97.66
|
%
|
|||||
|
Second
Lien
|
337
|
17,929,399
|
2.34
|
|||||||
|
Total
|
4,297
|
$
|
766,040,759
|
100.00
|
%
|
|||||
Original
Loan-To-Value Ratios (1)
Mortgage
Loans and
Subsequent Mortgage Loans
|
Original
Loan-to-Value
Ratios
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
50.00
and below
|
231
|
$
|
33,220,605
|
4.34
|
%
|
|||||
|
50.01-55.00
|
84
|
15,037,215
|
1.96
|
|||||||
|
55.01-60.00
|
127
|
22,870,399
|
2.99
|
|||||||
|
60.01-65.00
|
193
|
39,841,627
|
5.20
|
|||||||
|
65.01-70.00
|
358
|
63,196,097
|
8.25
|
|||||||
|
70.01-75.00
|
298
|
56,437,300
|
7.37
|
|||||||
|
75.01-80.00
|
1,275
|
268,706,328
|
35.08
|
|||||||
|
80.01-85.00
|
370
|
66,832,838
|
8.72
|
|||||||
|
85.01-90.00
|
765
|
115,696,118
|
15.10
|
|||||||
|
90.01-95.00
|
236
|
37,559,103
|
4.90
|
|||||||
|
95.01-100.00
|
360
|
46,643,128
|
6.09
|
|||||||
|
Total
|
4,297
|
$
|
766,040,759
|
100.00
|
%
|
|||||
(1) References
to loan-to-value ratios are references to combined loan-to-value ratios with
respect to second lien mortgage loans.
The
weighted average original loan-to-value ratio of the Mortgage Loans is
approximately 78.54%.
TYPE
OF DOCUMENTATION PROGRAM
Mortgage
Loans and
Subsequent Mortgage Loans
|
Type
of
Documentation
Program
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
Full
|
2,210
|
$
|
368,700,167
|
48.13
|
%
|
|||||
|
Limited
Income & Asset
|
81
|
17,738,352
|
2.32
|
|||||||
|
Stated
Doc
|
1,949
|
367,129,726
|
47.93
|
|||||||
|
No
Ratio
|
17
|
4,030,967
|
0.53
|
|||||||
|
No
Income No Asset
|
22
|
4,875,645
|
0.64
|
|||||||
|
No
Doc
|
18
|
3,565,901
|
0.47
|
|||||||
|
Total
|
4,297
|
$
|
766,040,759
|
100.00
|
%
|
|||||
LOAN
PURPOSE
Mortgage
Loans and
Subsequent Mortgage Loans
|
Loan
Purpose
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
Purchase
|
1,620
|
$
|
288,248,410
|
37.63
|
%
|
|||||
|
Cashout
|
2,418
|
440,615,070
|
57.52
|
|||||||
|
Refinance-Rate
Term
|
259
|
37,177,278
|
4.85
|
|||||||
|
Total
|
4,297
|
$
|
766,040,759
|
100.00
|
%
|
|||||
Occupancy
type (1)
Mortgage
Loans and
Subsequent Mortgage Loans
|
Occupancy
Type
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
Owner
Occupied
|
3,888
|
$
|
707,244,856
|
92.32
|
%
|
|||||
|
Second
Home
|
42
|
8,759,806
|
1.14
|
|||||||
|
Investor
Occupied
|
367
|
50,036,097
|
6.53
|
|||||||
|
Total
|
4,297
|
$
|
766,040,759
|
100.00
|
%
|
|||||
(1) Based
on
representations of the related mortgagors at the time of
origination.
PROPERTY
TYPE
Mortgage
Loans and
Subsequent Mortgage Loans
|
Property
Type
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
Single
Family Residence
|
3,016
|
$
|
519,091,270
|
67.76
|
%
|
|||||
|
PUD
|
609
|
124,767,545
|
16.29
|
|||||||
|
2
Unit
|
221
|
45,412,857
|
5.93
|
|||||||
|
Condo
Xxxx
|
000
|
44,282,414
|
5.78
|
|||||||
|
Townhouse
|
113
|
14,099,443
|
1.84
|
|||||||
|
3
Unit
|
32
|
9,167,069
|
1.20
|
|||||||
|
4
Xxxx
|
00
|
5,166,521
|
0.67
|
|||||||
|
High
Rise Condo
|
27
|
4,053,641
|
0.53
|
|||||||
|
Total
|
4,297
|
$
|
766,040,759
|
100.00
|
%
|
|||||
STATE
Mortgage
Loans and
Subsequent Mortgage Loans
|
State
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
California
|
469
|
$
|
117,911,945
|
15.39
|
%
|
|||||
|
Florida
|
571
|
106,833,802
|
13.95
|
|||||||
|
New
York
|
271
|
73,869,979
|
9.64
|
|||||||
|
New
Jersey
|
262
|
58,215,995
|
7.60
|
|||||||
|
Maryland
|
224
|
45,683,311
|
5.96
|
|||||||
|
Georgia
|
235
|
36,112,647
|
4.71
|
|||||||
|
Texas
|
303
|
33,491,239
|
4.37
|
|||||||
|
Illinois
|
185
|
33,171,630
|
4.33
|
|||||||
|
Virginia
|
175
|
33,039,697
|
4.31
|
|||||||
|
Massachusetts
|
113
|
27,530,151
|
3.59
|
|||||||
|
Other
|
1,489
|
200,180,365
|
26.13
|
|||||||
|
Total
|
4,297
|
$
|
766,040,759
|
100.00
|
%
|
|||||
ZIP
CODE
Mortgage
Loans and Subsequent Mortgage Loans
|
Zip
Code
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
20735
|
9
|
$
|
2,453,674
|
0.32
|
%
|
|||||
|
22193
|
7
|
2,056,289
|
0.27
|
|||||||
|
92223
|
6
|
2,017,231
|
0.26
|
|||||||
|
11706
|
7
|
1,962,931
|
0.26
|
|||||||
|
11717
|
7
|
1,856,748
|
0.24
|
|||||||
|
93535
|
6
|
1,787,354
|
0.23
|
|||||||
|
07726
|
4
|
1,686,986
|
0.22
|
|||||||
|
11413
|
5
|
1,680,541
|
0.22
|
|||||||
|
34953
|
7
|
1,643,238
|
0.21
|
|||||||
|
33186
|
7
|
1,599,628
|
0.21
|
|||||||
|
Other
|
4,232
|
747,296,137
|
97.55
|
|||||||
|
Total
|
4,297
|
$
|
766,040,759
|
100.00
|
%
|
|||||
REMAINING
TERM TO MATURITY
Mortgage
Loans and Subsequent Mortgage Loans
|
Remaining
Term to Maturity (months)
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
180
and below
|
284
|
$
|
17,244,471
|
2.25
|
%
|
|||||
|
181
- 240
|
6
|
454,611
|
0.06
|
|||||||
|
241
- 360
|
4007
|
748,341,677
|
97.69
|
|||||||
|
Total
|
4,297
|
$
|
766,040,759
|
100.00
|
%
|
|||||
The
weighted average term to maturity of the Mortgage Loans is approximately 354
months.
Product
Type
Statistical
Calculation
Mortgage Loans and Subsequent Mortgage Loans
|
Product
Type
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
10
Year Fixed
|
1
|
$
|
113,503
|
0.01
|
%
|
|||||
|
15
Year Fixed
|
59
|
6,192,215
|
0.81
|
|||||||
|
15
Year Fixed-60 Month IO
|
1
|
238,000
|
0.03
|
|||||||
|
20
Year Fixed
|
6
|
454,611
|
0.06
|
|||||||
|
30
Year Fixed
|
599
|
92,274,687
|
12.05
|
|||||||
|
30
Year Fixed-120 Month IO
|
210
|
29,545,695
|
3.86
|
|||||||
|
Fixed-30/10
Balloon
|
1
|
168,935
|
0.02
|
|||||||
|
Fixed-30/15
Balloon
|
223
|
10,700,753
|
1.40
|
|||||||
|
Fixed-40/30
Balloon
|
55
|
10,175,719
|
1.33
|
|||||||
|
2/6
Month LIBOR
|
1943
|
329,688,850
|
43.04
|
|||||||
|
2/6
Month LIBOR-24 Month IO
|
22
|
6,432,995
|
0.84
|
|||||||
|
2/6
Month LIBOR-60 Month IO
|
1
|
217,000
|
0.03
|
|||||||
|
2/6
Month LIBOR-120 Month IO
|
395
|
106,903,551
|
13.96
|
|||||||
|
2/6
Month LIBOR-40/30 Balloon
|
355
|
83,267,513
|
10.87
|
|||||||
|
3/6
Month LIBOR
|
58
|
8,275,570
|
1.08
|
|||||||
|
3/6
Month LIBOR-36 Month IO
|
4
|
810,000
|
0.11
|
|||||||
|
3/6
Month LIBOR-120 Month IO
|
21
|
5,219,452
|
0.68
|
|||||||
|
3/6
Month LIBOR-40/30 Balloon
|
1
|
268,046
|
0.03
|
|||||||
|
3/1
ARM 1 Year LIBOR
|
117
|
18,987,720
|
2.48
|
|||||||
|
3/1
ARM 1 Year LIBOR-120 Month IO
|
24
|
6,328,037
|
0.83
|
|||||||
|
3/1
ARM 1 Year LIBOR-40/30 Balloon
|
19
|
4,335,352
|
0.57
|
|||||||
|
3/1
ARM 1 Year CMT
|
1
|
142,334
|
0.02
|
|||||||
|
3/1
ARM 1 Year CMT-40/30 Balloon
|
1
|
264,585
|
0.03
|
|||||||
|
5/6
Month LIBOR
|
5
|
747,027
|
0.10
|
|||||||
|
5/6
Month LIBOR-120 Month IO
|
21
|
5,605,570
|
0.73
|
|||||||
|
5/1
ARM 1 Year LIBOR
|
52
|
11,155,285
|
1.46
|
|||||||
|
5/1
ARM 1 Year LIBOR-60 Month IO
|
1
|
127,406
|
0.02
|
|||||||
|
5/1
ARM 1 Year LIBOR-120 Month IO
|
91
|
25,527,483
|
3.33
|
|||||||
|
5/1
ARM 1 Year LIBOR-40/30 Balloon
|
10
|
1,872,866
|
0.24
|
|||||||
|
Total
|
4297
|
$
|
766,040,759
|
100.00
|
%
|
|||||
PREPAYMENT
CHARGE TERM
Mortgage
Loans and Subsequent Mortgage Loans
|
Prepayment
Charge Term (months)
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
0
|
1,609
|
$
|
298,278,138
|
38.94
|
%
|
|||||
|
12
|
205
|
45,733,973
|
5.97
|
|||||||
|
24
|
1,458
|
259,896,713
|
33.93
|
|||||||
|
36
|
1,022
|
160,521,406
|
20.95
|
|||||||
|
60
|
3
|
1,610,529
|
0.21
|
|||||||
|
Total
|
4,297
|
$
|
766,040,759
|
100.00
|
%
|
|||||
INITIAL
PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
Mortgage
Loans and Subsequent Mortgage Loans
|
Initial
Periodic Rate Cap
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
1.001-1.500
|
63
|
$
|
9,821,709
|
1.59
|
%
|
|||||
|
1.501-2.000
|
178
|
34,224,355
|
5.55
|
|||||||
|
2.001-2.500
|
1
|
123,437
|
0.02
|
|||||||
|
2.501-3.000
|
2,713
|
524,236,987
|
85.08
|
|||||||
|
3.501-4.000
|
3
|
730,069
|
0.12
|
|||||||
|
4.001-4.500
|
1
|
372,000
|
0.06
|
|||||||
|
4.501-5.000
|
182
|
45,932,086
|
7.45
|
|||||||
|
6.001-6.500
|
1
|
736,000
|
0.12
|
|||||||
|
Total
|
3,142
|
$
|
616,176,643
|
100.00
|
%
|
|||||
SUBSEQUENT
PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
Mortgage
Loans and Subsequent Mortgage Loans
|
Subsequent
Periodic Rate Cap
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
0.501-1.000
|
2,742
|
$
|
532,010,585
|
86.34
|
%
|
|||||
|
1.001-1.500
|
72
|
11,992,929
|
1.95
|
|||||||
|
1.501-2.000
|
324
|
71,319,622
|
11.57
|
|||||||
|
2.001-2.500
|
1
|
123,437
|
0.02
|
|||||||
|
2.501-3.000
|
3
|
730,069
|
0.12
|
|||||||
|
Total
|
3,142
|
$
|
616,176,643
|
100.00
|
%
|
|||||
GROSS
MARGIN OF THE ADJUSTABLE-RATE LOANS
Mortgage
Loans and Subsequent Mortgage Loans
|
Gross
Margin
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
4.000
and below
|
252
|
$
|
68,589,732
|
11.13
|
%
|
|||||
|
4.001-4.500
|
123
|
28,168,211
|
4.57
|
|||||||
|
4.501-5.000
|
389
|
101,934,636
|
16.54
|
|||||||
|
5.001-5.500
|
882
|
158,548,869
|
25.73
|
|||||||
|
5.501-6.000
|
750
|
145,289,541
|
23.58
|
|||||||
|
6.001-6.500
|
307
|
45,268,225
|
7.35
|
|||||||
|
6.501-7.000
|
204
|
38,887,823
|
6.31
|
|||||||
|
7.001-7.500
|
197
|
23,837,395
|
3.87
|
|||||||
|
7.501-8.000
|
23
|
2,705,345
|
0.44
|
|||||||
|
8.001-8.500
|
13
|
2,733,281
|
0.44
|
|||||||
|
8.501-9.000
|
2
|
213,586
|
0.03
|
|||||||
|
Total
|
3,142
|
$
|
616,176,643
|
100.00
|
%
|
|||||
The
weighted average gross margin of the Mortgage Loans is approximately
5.401%.
MAXIMUM
MORTGAGE RATE OF THE ADJUSTABLE-RATE LOANS
Mortgage
Loans and Subsequent Mortgage Loans
|
Maximum
Mortgage Rate
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
8.501-9.000
|
1
|
$
|
280,000
|
0.05
|
%
|
|||||
|
9.001-9.500
|
2
|
336,900
|
0.05
|
|||||||
|
9.501-10.000
|
2
|
187,083
|
0.03
|
|||||||
|
10.001-10.500
|
10
|
1,950,716
|
0.32
|
|||||||
|
10.501-11.000
|
14
|
3,251,592
|
0.53
|
|||||||
|
11.001-11.500
|
28
|
8,468,029
|
1.37
|
|||||||
|
11.501-12.000
|
55
|
16,391,301
|
2.66
|
|||||||
|
12.001-12.500
|
85
|
22,936,530
|
3.72
|
|||||||
|
12.501-13.000
|
153
|
39,895,387
|
6.47
|
|||||||
|
13.001-13.500
|
221
|
54,978,425
|
8.92
|
|||||||
|
13.501-14.000
|
396
|
90,505,082
|
14.69
|
|||||||
|
14.001-14.500
|
385
|
83,706,460
|
13.58
|
|||||||
|
14.501-15.000
|
478
|
89,234,419
|
14.48
|
|||||||
|
15.001-15.500
|
395
|
69,577,943
|
11.29
|
|||||||
|
15.501-16.000
|
375
|
59,779,819
|
9.70
|
|||||||
|
16.001-16.500
|
221
|
29,409,728
|
4.77
|
|||||||
|
16.501-17.000
|
129
|
19,216,873
|
3.12
|
|||||||
|
17.001-17.500
|
75
|
10,346,819
|
1.68
|
|||||||
|
17.501-18.000
|
68
|
9,094,325
|
1.48
|
|||||||
|
18.001-18.500
|
32
|
4,799,712
|
0.78
|
|||||||
|
18.501-19.000
|
10
|
1,050,944
|
0.17
|
|||||||
|
19.001-19.500
|
7
|
778,555
|
0.13
|
|||||||
|
Total
|
3,142
|
$
|
616,176,643
|
100.00
|
%
|
|||||
The
weighted average maximum mortgage rate of the Mortgage Loans is approximately
14.496%.
Minimum
Mortgage Rate of the Adjustable-Rate Loans
Mortgage
Loans and Subsequent Mortgage Loans
|
Minimum
Mortgage Rate
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
4.000
and below
|
242
|
$
|
65,215,756
|
10.58
|
%
|
|||||
|
4.001-4.500
|
126
|
29,663,251
|
4.81
|
|||||||
|
4.501-5.000
|
384
|
100,451,446
|
16.30
|
|||||||
|
5.001-5.500
|
867
|
157,004,320
|
25.48
|
|||||||
|
5.501-6.000
|
735
|
143,192,455
|
23.24
|
|||||||
|
6.001-6.500
|
305
|
45,545,394
|
7.39
|
|||||||
|
6.501-7.000
|
212
|
40,473,662
|
6.57
|
|||||||
|
7.001-7.500
|
210
|
25,378,151
|
4.12
|
|||||||
|
7.501-8.000
|
29
|
3,671,118
|
0.60
|
|||||||
|
8.001-8.500
|
19
|
3,667,948
|
0.60
|
|||||||
|
8.501-9.000
|
10
|
1,353,641
|
0.22
|
|||||||
|
9.001-9.500
|
2
|
334,500
|
0.05
|
|||||||
|
9.501-10.000
|
1
|
225,000
|
0.04
|
|||||||
|
Total
|
3,142
|
$
|
616,176,643
|
100.00
|
%
|
|||||
The
weighted average minimum mortgage rate of the Mortgage Loans is approximately
5.436%.
NEXT
RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
Mortgage
Loans and Subsequent Mortgage Loans
|
Next
Rate Adjustment Date
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
June
2006
|
2
|
$
|
300,799
|
0.05
|
%
|
|||||
|
July
2006
|
2
|
236,235
|
0.04
|
|||||||
|
August
2006
|
5
|
824,052
|
0.13
|
|||||||
|
September
2006
|
12
|
1,498,357
|
0.24
|
|||||||
|
October
2006
|
23
|
3,348,597
|
0.54
|
|||||||
|
November
2006
|
12
|
1,268,977
|
0.21
|
|||||||
|
December
2006
|
3
|
426,613
|
0.07
|
|||||||
|
January
2007
|
4
|
578,625
|
0.09
|
|||||||
|
February
2007
|
3
|
336,331
|
0.05
|
|||||||
|
March
2007
|
4
|
865,275
|
0.14
|
|||||||
|
April
2007
|
9
|
1,590,819
|
0.26
|
|||||||
|
May
2007
|
13
|
1,962,206
|
0.32
|
|||||||
|
June
2007
|
11
|
2,887,191
|
0.47
|
|||||||
|
July
2007
|
16
|
2,282,766
|
0.37
|
|||||||
|
August
2007
|
17
|
4,374,006
|
0.71
|
|||||||
|
September
2007
|
25
|
4,185,811
|
0.68
|
|||||||
|
October
2007
|
2
|
206,154
|
0.03
|
|||||||
|
November
2007
|
2
|
277,645
|
0.05
|
|||||||
|
December
2007
|
4
|
715,097
|
0.12
|
|||||||
|
January
2008
|
10
|
2,121,265
|
0.34
|
|||||||
|
February
2008
|
34
|
10,150,328
|
1.65
|
|||||||
|
March
2008
|
113
|
26,445,721
|
4.29
|
|||||||
|
April
2008
|
670
|
132,726,973
|
21.54
|
|||||||
|
May
2008
|
735
|
138,149,964
|
22.42
|
|||||||
|
June
2008
|
765
|
147,839,026
|
23.99
|
|||||||
|
July
2008
|
218
|
40,019,172
|
6.49
|
|||||||
|
September
2008
|
1
|
670,500
|
0.11
|
|||||||
|
October
2008
|
1
|
90,316
|
0.01
|
|||||||
|
November
2008
|
4
|
842,108
|
0.14
|
|||||||
|
January
2009
|
32
|
5,413,070
|
0.88
|
|||||||
|
February
2009
|
9
|
1,332,537
|
0.22
|
|||||||
|
March
2009
|
14
|
2,790,458
|
0.45
|
|||||||
|
April
2009
|
75
|
12,796,066
|
2.08
|
|||||||
|
May
2009
|
49
|
9,620,345
|
1.56
|
|||||||
|
June
2009
|
46
|
8,302,905
|
1.35
|
|||||||
|
July
2009
|
14
|
2,571,100
|
0.42
|
|||||||
|
August
2010
|
1
|
117,623
|
0.02
|
|||||||
|
October
2010
|
3
|
557,776
|
0.09
|
|||||||
|
November
2010
|
3
|
834,000
|
0.14
|
|||||||
|
December
2010
|
2
|
858,597
|
0.14
|
|||||||
|
February
2011
|
16
|
3,845,114
|
0.62
|
|||||||
|
March
2011
|
32
|
9,213,168
|
1.50
|
|||||||
|
April
2011
|
62
|
15,837,984
|
2.57
|
|||||||
|
May
2011
|
33
|
7,751,297
|
1.26
|
|||||||
|
June
2011
|
25
|
5,755,723
|
0.93
|
|||||||
|
July
2011
|
6
|
1,357,950
|
0.22
|
|||||||
|
Total
|
3,142
|
$
|
616,176,643
|
100.00
|
%
|
|||||
The
weighted average number of months to the next adjustment date for the Mortgage
Loans is approximately 26 months.
MORTGAGE
LOANS AND SUBSEQUENT MORTGAGE LOANS IN LOAN GROUP I
The
Mortgage Loans to be included in loan group I consist of 1,104 adjustable-rate
and fixed-rate Mortgage Loans having an aggregate principal balance of
$191,571,886, subject to a permitted variance of plus or minus 5%. The Mortgage
Loans included in loan group I have the characteristics set forth below (the
sum
in any column may not equal the total indicated due to rounding).
CURRENT
PRINCIPAL BALANCE
mortgage
loans and subsequent mortgage loans in loan group i
|
Range
of
Current
Mortgage Loan
Principal
Balance
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
0.01-50,000.00
|
47
|
$
|
1,882,890
|
0.98
|
%
|
|||||
|
50,000.01-100,000.00
|
217
|
17,055,924
|
8.90
|
|||||||
|
100,000.01-150,000.00
|
273
|
33,874,834
|
17.68
|
|||||||
|
150,000.01-200,000.00
|
190
|
33,751,930
|
17.62
|
|||||||
|
200,000.01-250,000.00
|
151
|
34,026,837
|
17.76
|
|||||||
|
250,000.01-300,000.00
|
112
|
30,547,818
|
15.95
|
|||||||
|
300,000.01-350,000.00
|
62
|
19,986,330
|
10.43
|
|||||||
|
350,000.01-400,000.00
|
45
|
17,038,073
|
8.89
|
|||||||
|
400,000.01-450,000.00
|
4
|
1,728,250
|
0.90
|
|||||||
|
450,000.01-500,000.00
|
1
|
480,000
|
0.25
|
|||||||
|
550,000.01-600,000.00
|
1
|
559,000
|
0.29
|
|||||||
|
600,000.01-650,000.00
|
1
|
640,000
|
0.33
|
|||||||
|
Total
|
1,104
|
$
|
191,571,886
|
100.00
|
%
|
|||||
The
average current principal balance of the Group I Mortgage Loans is approximately
$173,525.
mortgage
rate
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group i
|
Current
Gross Mortgage Rate
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
5.001-5.500
|
2
|
$
|
676,323
|
0.35
|
%
|
|||||
|
5.501-6.000
|
2
|
524,109
|
0.27
|
|||||||
|
6.001-6.500
|
14
|
3,016,123
|
1.57
|
|||||||
|
6.501-7.000
|
43
|
9,834,032
|
5.13
|
|||||||
|
7.001-7.500
|
70
|
15,487,923
|
8.08
|
|||||||
|
7.501-8.000
|
132
|
26,305,017
|
13.73
|
|||||||
|
8.001-8.500
|
141
|
28,760,254
|
15.01
|
|||||||
|
8.501-9.000
|
178
|
30,970,986
|
16.17
|
|||||||
|
9.001-9.500
|
153
|
24,863,014
|
12.98
|
|||||||
|
9.501-10.000
|
140
|
21,313,270
|
11.13
|
|||||||
|
10.001-10.500
|
85
|
11,157,480
|
5.82
|
|||||||
|
10.501-11.000
|
51
|
7,002,683
|
3.66
|
|||||||
|
11.001-11.500
|
37
|
4,599,921
|
2.40
|
|||||||
|
11.501-12.000
|
33
|
3,736,707
|
1.95
|
|||||||
|
12.001-12.500
|
16
|
2,447,604
|
1.28
|
|||||||
|
12.501-13.000
|
5
|
645,701
|
0.34
|
|||||||
|
13.001-13.500
|
2
|
230,740
|
0.12
|
|||||||
|
Total
|
1,104
|
$
|
191,571,886
|
100.00
|
%
|
|||||
The
weighted average mortgage rate of the Group I Mortgage Loans is approximately
8.848%.
FICO
SCORE
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group I
|
FICO
Score
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
500
and below
|
8
|
$
|
1,018,531
|
0.53
|
%
|
|||||
|
000-000
|
00
|
00,812,951
|
7.21
|
|||||||
|
521-540
|
110
|
20,617,975
|
10.76
|
|||||||
|
541-560
|
117
|
19,513,166
|
10.19
|
|||||||
|
561-580
|
137
|
22,834,861
|
11.92
|
|||||||
|
581-600
|
115
|
19,808,208
|
10.34
|
|||||||
|
601-620
|
197
|
32,572,080
|
17.00
|
|||||||
|
621-640
|
113
|
21,732,590
|
11.34
|
|||||||
|
641-660
|
102
|
17,824,633
|
9.30
|
|||||||
|
661-680
|
55
|
9,490,089
|
4.95
|
|||||||
|
681-700
|
28
|
4,590,387
|
2.40
|
|||||||
|
701-720
|
19
|
3,589,863
|
1.87
|
|||||||
|
721-740
|
9
|
1,540,388
|
0.80
|
|||||||
|
741-760
|
5
|
1,097,372
|
0.57
|
|||||||
|
761-780
|
4
|
624,759
|
0.33
|
|||||||
|
781-800
|
2
|
506,909
|
0.26
|
|||||||
|
801-820
|
1
|
397,123
|
0.21
|
|||||||
|
Total
|
1,104
|
$
|
191,571,886
|
100.00
|
%
|
|||||
The
non-zero weighted average FICO score of the Group I Mortgage Loans is
approximately 597.
Credit
Levels
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group I
|
Credit
Level
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
0
|
21
|
$
|
4,234,564
|
2.21
|
%
|
|||||
|
1++
|
699
|
121,007,276
|
63.17
|
|||||||
|
1+
|
113
|
21,904,131
|
11.43
|
|||||||
|
1
|
83
|
15,583,850
|
8.13
|
|||||||
|
2
|
58
|
9,844,858
|
5.14
|
|||||||
|
3
|
47
|
7,668,484
|
4.00
|
|||||||
|
4
|
83
|
11,328,721
|
5.91
|
|||||||
|
Total
|
1,104
|
$
|
191,571,886
|
100.00
|
%
|
|||||
LIEN
STATUS
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group I
|
Lien
Status
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
First
Lien
|
1,104
|
$
|
191,571,886
|
100.00
|
%
|
|||||
|
Total
|
1,104
|
$
|
191,571,886
|
100.00
|
%
|
|||||
ORIGINAL
LOAN-TO-VALUE RATIOS (1)
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group I
|
Original
Loan-to-Value
Ratios
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
50.00
and below
|
70
|
$
|
10,244,190
|
5.35
|
%
|
|||||
|
50.01-55.00
|
29
|
5,164,604
|
2.70
|
|||||||
|
55.01-60.00
|
39
|
7,474,103
|
3.90
|
|||||||
|
60.01-65.00
|
61
|
11,965,931
|
6.25
|
|||||||
|
65.01-70.00
|
113
|
18,630,643
|
9.73
|
|||||||
|
70.01-75.00
|
90
|
17,715,698
|
9.25
|
|||||||
|
75.01-80.00
|
266
|
46,618,406
|
24.33
|
|||||||
|
80.01-85.00
|
105
|
19,849,248
|
10.36
|
|||||||
|
85.01-90.00
|
207
|
36,438,485
|
19.02
|
|||||||
|
90.01-95.00
|
48
|
8,450,058
|
4.41
|
|||||||
|
95.01-100.00
|
76
|
9,020,519
|
4.71
|
|||||||
|
Total
|
1,104
|
$
|
191,571,886
|
100.00
|
%
|
|||||
(1) References
to loan-to-value ratios are references to combined loan-to-value ratios with
respect to second lien mortgage loans.
The
weighted average original loan-to-value ratio of the Group I Mortgage Loans
is
approximately 77.32%.
type
of documentation program
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group I
|
Type
of
Documentation
Program
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
Full
|
623
|
$
|
99,872,210
|
52.13
|
%
|
|||||
|
Stated
|
449
|
84,598,546
|
44.16
|
|||||||
|
Limited
Documentation
|
30
|
6,355,929
|
3.32
|
|||||||
|
No
Ratio
|
2
|
745,200
|
0.39
|
|||||||
|
Total
|
1,104
|
$
|
191,571,886
|
100.00
|
%
|
|||||
LOAN
PURPOSE
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group I
|
Loan
Purpose
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
Cashout
|
771
|
$
|
146,625,449
|
76.54
|
%
|
|||||
|
Purchase
|
256
|
34,081,402
|
17.79
|
|||||||
|
Refinance-Rate
Term
|
77
|
10,865,034
|
5.67
|
|||||||
|
Total
|
1,104
|
$
|
191,571,886
|
100.00
|
%
|
|||||
OCCUPANCY
TYPE (1)
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group I
|
Occupancy
Type
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
Owner
Occupied
|
952
|
$
|
168,279,141
|
87.84
|
%
|
|||||
|
Investor
Occupied
|
135
|
20,368,496
|
10.63
|
|||||||
|
Second
Home
|
17
|
2,924,249
|
1.53
|
|||||||
|
Total
|
1,104
|
$
|
191,571,886
|
100.00
|
%
|
|||||
(1) Based
on
representations of the related mortgagors at the time of
origination.
property
type
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group I
|
Property
Type
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
Single
Family Residence
|
821
|
$
|
137,585,610
|
71.82
|
%
|
|||||
|
PUD
|
132
|
25,739,471
|
13.44
|
|||||||
|
2
Unit
|
50
|
10,869,710
|
5.67
|
|||||||
|
Condo
Unit
|
54
|
8,445,828
|
4.41
|
|||||||
|
Townhouse
|
29
|
3,964,792
|
2.07
|
|||||||
|
3
Unit
|
8
|
2,789,034
|
1.46
|
|||||||
|
4
Unit
|
4
|
1,083,749
|
0.57
|
|||||||
|
High
Rise Condo
|
6
|
1,093,692
|
0.57
|
|||||||
|
Total
|
1,104
|
$
|
191,571,886
|
100.00
|
%
|
|||||
STATE
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group I
|
State
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
Florida
|
143
|
$
|
25,752,828
|
13.44
|
%
|
|||||
|
California
|
81
|
20,335,608
|
10.62
|
|||||||
|
New
York
|
70
|
18,379,094
|
9.59
|
|||||||
|
New
Jersey
|
73
|
16,233,729
|
8.47
|
|||||||
|
Maryland
|
70
|
14,971,317
|
7.81
|
|||||||
|
Georgia
|
68
|
9,810,146
|
5.12
|
|||||||
|
Illinois
|
51
|
9,256,582
|
4.83
|
|||||||
|
Texas
|
85
|
8,755,780
|
4.57
|
|||||||
|
Virginia
|
47
|
8,662,513
|
4.52
|
|||||||
|
Massachusetts
|
30
|
6,257,580
|
3.27
|
|||||||
|
Other
|
386
|
53,156,706
|
27.75
|
|||||||
|
Total
|
1,104
|
$
|
191,571,886
|
100.00
|
%
|
|||||
ZIP
Code
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group I
|
Zip
Code
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
85338
|
5
|
$
|
1,185,283
|
0.62
|
%
|
|||||
|
20735
|
4
|
1,171,888
|
0.61
|
|||||||
|
11717
|
4
|
1,104,366
|
0.58
|
|||||||
|
33196
|
3
|
839,779
|
0.44
|
|||||||
|
30044
|
5
|
835,872
|
0.44
|
|||||||
|
10306
|
2
|
799,776
|
0.42
|
|||||||
|
30013
|
3
|
663,361
|
0.35
|
|||||||
|
08527
|
2
|
651,877
|
0.34
|
|||||||
|
22193
|
2
|
643,000
|
0.34
|
|||||||
|
90247
|
1
|
640,000
|
0.33
|
|||||||
|
Other
|
1,073
|
183,036,684
|
95.54
|
|||||||
|
Total
|
1,104
|
$
|
191,571,886
|
100.00
|
%
|
|||||
remaining
term to maturity
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group I
|
Remaining
Term to Maturity (months)
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
180
and below
|
15
|
$
|
1,486,431
|
0.78
|
%
|
|||||
|
181
- 240
|
1
|
79,500
|
0.04
|
|||||||
|
241
- 360
|
1,088
|
190,005,955
|
99.18
|
|||||||
|
Total
|
1,104
|
$
|
191,571,886
|
100.00
|
%
|
|||||
The
weighted average term to maturity of the Group I Mortgage Loans is approximately
357 months.
PRODUCT
TYPE
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group I
|
Product
Type
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
15
Year Fixed
|
15
|
$
|
1,486,431
|
0.78
|
%
|
|||||
|
20
Year Fixed
|
1
|
79,500
|
0.04
|
|||||||
|
30
Year Fixed
|
183
|
26,334,602
|
13.75
|
|||||||
|
30
Year Fixed-120 Month IO
|
26
|
6,029,691
|
3.15
|
|||||||
|
Fixed-40/30
Balloon
|
22
|
4,285,393
|
2.24
|
|||||||
|
2/6
Month LIBOR
|
588
|
98,235,500
|
51.28
|
|||||||
|
2/6
Month LIBOR-24 Month IO
|
1
|
188,000
|
0.10
|
|||||||
|
2/6
Month LIBOR-120 Month IO
|
60
|
13,348,599
|
6.97
|
|||||||
|
2/6
Month LIBOR-40/30 Balloon
|
100
|
21,364,795
|
11.15
|
|||||||
|
3/6
Month LIBOR
|
8
|
1,330,027
|
0.69
|
|||||||
|
3/6
Month LIBOR-36 Month IO
|
3
|
622,850
|
0.33
|
|||||||
|
3/6
Month LIBOR-120 Month IO
|
3
|
596,865
|
0.31
|
|||||||
|
3/6
Month LIBOR-40/30 Balloon
|
1
|
268,046
|
0.14
|
|||||||
|
3/1
ARM 1 Year LIBOR
|
39
|
5,678,140
|
2.96
|
|||||||
|
3/1
ARM 1 Year LIBOR-120 Month IO
|
3
|
772,940
|
0.40
|
|||||||
|
3/1
ARM 1 Year LIBOR-40/30 Balloon
|
7
|
1,341,749
|
0.70
|
|||||||
|
3/1
ARM 1 Year CMT
|
1
|
142,334
|
0.07
|
|||||||
|
5/6
Month LIBOR-120 Month IO
|
4
|
862,320
|
0.45
|
|||||||
|
5/1
ARM 1 Year LIBOR
|
20
|
4,438,256
|
2.32
|
|||||||
|
5/1
ARM 1 Year LIBOR-120 Month IO
|
16
|
3,657,900
|
1.91
|
|||||||
|
5/1
ARM 1 Year LIBOR-40/30 Balloon
|
3
|
507,947
|
0.27
|
|||||||
|
Total
|
1,104
|
$
|
191,571,886
|
100.00
|
%
|
|||||
Prepayment
Charge Term
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group I
|
Prepayment
Charge Term (months)
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
0
|
406
|
$
|
76,822,203
|
40.10
|
%
|
|||||
|
12
|
51
|
10,303,334
|
5.38
|
|||||||
|
24
|
384
|
62,083,542
|
32.41
|
|||||||
|
36
|
263
|
42,362,807
|
22.11
|
|||||||
|
Total
|
1,104
|
$
|
191,571,886
|
100.00
|
%
|
|||||
INITIAL
PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group I
|
Initial
Periodic Rate Cap
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
1.001-1.500
|
9
|
$
|
1,699,425
|
1.11
|
%
|
|||||
|
1.501-2.000
|
51
|
8,134,216
|
5.30
|
|||||||
|
2.501-3.000
|
753
|
133,793,555
|
87.24
|
|||||||
|
3.501-4.000
|
1
|
262,650
|
0.17
|
|||||||
|
4.501-5.000
|
43
|
9,466,423
|
6.17
|
|||||||
|
Total
|
857
|
$
|
153,356,269
|
100.00
|
%
|
|||||
SUBSEQUENT
PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group I
|
Subsequent
Periodic Rate Cap
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
0.501-1.000
|
756
|
$
|
134,513,540
|
87.71
|
%
|
|||||
|
1.001-1.500
|
10
|
1,800,999
|
1.17
|
|||||||
|
1.501-2.000
|
90
|
16,779,080
|
10.94
|
|||||||
|
2.501-3.000
|
1
|
262,650
|
0.17
|
|||||||
|
Total
|
857
|
$
|
153,356,269
|
100.00
|
%
|
|||||
Gross
Margin of the Adjustable-Rate Loans
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group I
|
Gross
Margin
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
4.000
and below
|
18
|
$
|
3,394,014
|
2.21
|
%
|
|||||
|
4.001-4.500
|
16
|
2,739,250
|
1.79
|
|||||||
|
4.501-5.000
|
124
|
31,655,480
|
20.64
|
|||||||
|
5.001-5.500
|
237
|
39,349,004
|
25.66
|
|||||||
|
5.501-6.000
|
237
|
43,730,551
|
28.52
|
|||||||
|
6.001-6.500
|
96
|
13,282,067
|
8.66
|
|||||||
|
6.501-7.000
|
60
|
10,699,812
|
6.98
|
|||||||
|
7.001-7.500
|
60
|
6,916,154
|
4.51
|
|||||||
|
7.501-8.000
|
5
|
728,656
|
0.48
|
|||||||
|
8.001-8.500
|
4
|
861,282
|
0.56
|
|||||||
|
Total
|
857
|
$
|
153,356,269
|
100.00
|
%
|
|||||
The
weighted average gross margin of the Group I Mortgage Loans is approximately
5.663%.
MAXIMUM
MORTGAGE RATE OF THE ADJUSTABLE-RATE LOANS
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group I
|
Maximum
Mortgage Rate
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
9.001-9.500
|
1
|
$
|
215,300
|
0.14
|
%
|
|||||
|
10.001-10.500
|
2
|
285,112
|
0.19
|
|||||||
|
10.501-11.000
|
3
|
541,550
|
0.35
|
|||||||
|
11.001-11.500
|
3
|
854,776
|
0.56
|
|||||||
|
11.501-12.000
|
6
|
1,655,925
|
1.08
|
|||||||
|
12.001-12.500
|
14
|
2,770,579
|
1.81
|
|||||||
|
12.501-13.000
|
22
|
4,857,464
|
3.17
|
|||||||
|
13.001-13.500
|
42
|
9,358,022
|
6.10
|
|||||||
|
13.501-14.000
|
100
|
20,377,522
|
13.29
|
|||||||
|
14.001-14.500
|
114
|
23,861,844
|
15.56
|
|||||||
|
14.501-15.000
|
146
|
26,014,781
|
16.96
|
|||||||
|
15.001-15.500
|
128
|
21,766,742
|
14.19
|
|||||||
|
15.501-16.000
|
110
|
17,940,130
|
11.70
|
|||||||
|
16.001-16.500
|
60
|
8,640,079
|
5.63
|
|||||||
|
16.501-17.000
|
41
|
5,575,385
|
3.64
|
|||||||
|
17.001-17.500
|
23
|
3,107,092
|
2.03
|
|||||||
|
17.501-18.000
|
24
|
2,827,304
|
1.84
|
|||||||
|
18.001-18.500
|
11
|
1,830,218
|
1.19
|
|||||||
|
18.501-19.000
|
5
|
645,701
|
0.42
|
|||||||
|
19.001-19.500
|
2
|
230,740
|
0.15
|
|||||||
|
Total
|
857
|
$
|
153,356,269
|
100.00
|
%
|
|||||
The
weighted average maximum mortgage rate of the Group I Mortgage Loans is
approximately 14.847%.
Minimum
Mortgage Rate of the Adjustable-Rate Loans
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group I
|
Minimum
Mortgage Rate
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
4.000
and below
|
18
|
$
|
3,394,014
|
2.21
|
%
|
|||||
|
4.001-4.500
|
16
|
2,739,250
|
1.79
|
|||||||
|
4.501-5.000
|
119
|
30,280,290
|
19.75
|
|||||||
|
5.001-5.500
|
235
|
39,379,040
|
25.68
|
|||||||
|
5.501-6.000
|
233
|
43,188,305
|
28.16
|
|||||||
|
6.001-6.500
|
96
|
13,456,386
|
8.77
|
|||||||
|
6.501-7.000
|
60
|
10,690,702
|
6.97
|
|||||||
|
7.001-7.500
|
64
|
7,395,709
|
4.82
|
|||||||
|
7.501-8.000
|
7
|
1,167,691
|
0.76
|
|||||||
|
8.001-8.500
|
6
|
1,105,382
|
0.72
|
|||||||
|
9.001-9.500
|
2
|
334,500
|
0.22
|
|||||||
|
9.501-10.000
|
1
|
225,000
|
0.15
|
|||||||
|
Total
|
857
|
$
|
153,356,269
|
100.00
|
%
|
|||||
The
weighted average minimum mortgage rate of the Group I Mortgage Loans is
approximately 5.699%.
NEXT
RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group I
|
Next
Rate Adjustment Date
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
July
2007
|
2
|
$
|
236,268
|
0.15
|
%
|
|||||
|
September
2007
|
1
|
40,891
|
0.03
|
|||||||
|
December
2007
|
2
|
462,650
|
0.30
|
|||||||
|
January
2008
|
2
|
588,789
|
0.38
|
|||||||
|
February
2008
|
2
|
555,600
|
0.36
|
|||||||
|
March
2008
|
25
|
5,082,310
|
3.31
|
|||||||
|
April
2008
|
199
|
34,926,614
|
22.77
|
|||||||
|
May
2008
|
230
|
41,355,434
|
26.97
|
|||||||
|
June
2008
|
236
|
41,608,907
|
27.13
|
|||||||
|
July
2008
|
50
|
8,279,430
|
5.40
|
|||||||
|
February
2009
|
3
|
443,176
|
0.29
|
|||||||
|
March
2009
|
3
|
516,272
|
0.34
|
|||||||
|
April
2009
|
25
|
3,722,673
|
2.43
|
|||||||
|
May
2009
|
16
|
2,545,237
|
1.66
|
|||||||
|
June
2009
|
15
|
2,922,594
|
1.91
|
|||||||
|
July
2009
|
3
|
603,000
|
0.39
|
|||||||
|
February
2011
|
2
|
312,000
|
0.20
|
|||||||
|
March
2011
|
6
|
1,264,781
|
0.82
|
|||||||
|
April
2011
|
14
|
2,706,545
|
1.76
|
|||||||
|
May
2011
|
10
|
2,351,347
|
1.53
|
|||||||
|
June
2011
|
7
|
1,818,300
|
1.19
|
|||||||
|
July
2011
|
4
|
1,013,450
|
0.66
|
|||||||
|
Total
|
857
|
$
|
153,356,269
|
100.00
|
%
|
|||||
The
weighted average number of months to the next adjustment date for the Group
I
Mortgage Loans is approximately 26 months.
MORTGAGE
LOANS AND SUBSEQUENT MORTGAGE LOANS IN LOAN GROUP II
The
Mortgage Loans to be included in loan group II consist of 1,226 adjustable-rate
and fixed-rate Mortgage Loans having an aggregate principal balance of
$191,068,390, subject to a permitted variance of plus or minus 5%. The Mortgage
Loans included in loan group II have the characteristics set forth below (the
sum in any column may not equal the total indicated due to
rounding).
CURRENT
PRINCIPAL BALANCE
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group II
|
Range
of
Current
Mortgage Loan
Principal
Balance
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
0.01-50,000.00
|
162
|
$
|
5,475,737
|
2.87
|
%
|
|||||
|
50,000.01-100,000.00
|
216
|
16,899,776
|
8.84
|
|||||||
|
100,000.01-150,000.00
|
281
|
35,088,552
|
18.36
|
|||||||
|
150,000.01-200,000.00
|
228
|
39,909,238
|
20.89
|
|||||||
|
200,000.01-250,000.00
|
145
|
32,780,726
|
17.16
|
|||||||
|
250,000.01-300,000.00
|
97
|
26,354,119
|
13.79
|
|||||||
|
300,000.01-350,000.00
|
47
|
15,269,168
|
7.99
|
|||||||
|
350,000.01-400,000.00
|
43
|
16,284,222
|
8.52
|
|||||||
|
400,000.01-450,000.00
|
5
|
2,047,940
|
1.07
|
|||||||
|
450,000.01-500,000.00
|
2
|
958,911
|
0.50
|
|||||||
|
Total
|
1,226
|
$
|
191,068,390
|
100.00
|
%
|
|||||
The
average current principal balance of the Group II Mortgage Loans is
approximately $155,847.
Mortgage
rate
Mortgage
Loans and Subsequent Mortgage Loans in Loan Group II
|
Current
Gross Mortgage Rate
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
4.001-4.500
|
1
|
$
|
103,920
|
0.05
|
%
|
|||||
|
5.501-6.000
|
7
|
1,451,305
|
0.76
|
|||||||
|
6.001-6.500
|
18
|
3,877,806
|
2.03
|
|||||||
|
6.501-7.000
|
39
|
7,223,770
|
3.78
|
|||||||
|
7.001-7.500
|
74
|
14,672,146
|
7.68
|
|||||||
|
7.501-8.000
|
142
|
26,802,727
|
14.03
|
|||||||
|
8.001-8.500
|
123
|
23,941,372
|
12.53
|
|||||||
|
8.501-9.000
|
184
|
31,137,772
|
16.30
|
|||||||
|
9.001-9.500
|
184
|
26,719,952
|
13.98
|
|||||||
|
9.501-10.000
|
155
|
21,064,311
|
11.02
|
|||||||
|
10.001-10.500
|
115
|
12,339,359
|
6.46
|
|||||||
|
10.501-11.000
|
69
|
8,555,053
|
4.48
|
|||||||
|
11.001-11.500
|
39
|
5,235,351
|
2.74
|
|||||||
|
11.501-12.000
|
42
|
4,564,222
|
2.39
|
|||||||
|
12.001-12.500
|
25
|
2,764,057
|
1.45
|
|||||||
|
12.501-13.000
|
7
|
342,524
|
0.18
|
|||||||
|
13.001-13.500
|
2
|
272,742
|
0.14
|
|||||||
|
Total
|
1,226
|
$
|
191,068,390
|
100.00
|
%
|
|||||
The
weighted average mortgage rate of the Group II Mortgage Loans is approximately
8.918%.
FICO
SCORE
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group II
|
FICO
Score
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
500
and below
|
13
|
$
|
1,654,327
|
0.87
|
%
|
|||||
|
000-000
|
00
|
00,194,500
|
6.91
|
|||||||
|
521-540
|
106
|
17,046,110
|
8.92
|
|||||||
|
541-560
|
122
|
20,698,198
|
10.83
|
|||||||
|
561-580
|
125
|
21,672,619
|
11.34
|
|||||||
|
581-600
|
125
|
21,528,663
|
11.27
|
|||||||
|
601-620
|
187
|
29,952,231
|
15.68
|
|||||||
|
621-640
|
118
|
21,137,644
|
11.06
|
|||||||
|
000-000
|
00
|
00,986,405
|
8.89
|
|||||||
|
000-000
|
00
|
00,716,462
|
6.13
|
|||||||
|
681-700
|
69
|
6,510,960
|
3.41
|
|||||||
|
701-720
|
45
|
3,432,164
|
1.80
|
|||||||
|
721-740
|
35
|
2,384,360
|
1.25
|
|||||||
|
741-760
|
12
|
1,360,583
|
0.71
|
|||||||
|
761-780
|
7
|
874,499
|
0.46
|
|||||||
|
781-800
|
3
|
918,667
|
0.48
|
|||||||
|
Total
|
1,226
|
$
|
191,068,390
|
100.00
|
%
|
|||||
The
non-zero weighted average FICO score of the Group II Mortgage Loans is
approximately 600.
Credit
Levels
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group II
|
Credit
Level
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
0
|
150
|
$
|
7,569,755
|
3.96
|
%
|
|||||
|
1++
|
683
|
116,703,473
|
61.08
|
|||||||
|
1+
|
110
|
20,704,680
|
10.84
|
|||||||
|
1
|
71
|
11,605,102
|
6.07
|
|||||||
|
2
|
63
|
11,628,265
|
6.09
|
|||||||
|
3
|
52
|
7,745,586
|
4.05
|
|||||||
|
4
|
97
|
15,111,529
|
7.91
|
|||||||
|
Total
|
1,226
|
$
|
191,068,390
|
100.00
|
%
|
|||||
LIEN
STATUS
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group II
|
Lien
Status
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
First
Lien
|
1,093
|
$
|
186,236,816
|
97.47
|
%
|
|||||
|
Second
Lien
|
133
|
4,831,573
|
2.53
|
|||||||
|
Total
|
1,226
|
$
|
191,068,390
|
100.00
|
%
|
|||||
ORIGINAL
LOAN-TO-VALUE RATIOS (1)
Mortgage
Loans nd Subsequent Mortgage Loans in
Loan Group II
|
Original
Loan-to-Value
Ratios
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
50.00
and below
|
77
|
$
|
10,185,157
|
5.33
|
%
|
|||||
|
50.01-55.00
|
34
|
6,164,840
|
3.23
|
|||||||
|
55.01-60.00
|
39
|
6,426,101
|
3.36
|
|||||||
|
60.01-65.00
|
60
|
11,179,716
|
5.85
|
|||||||
|
65.01-70.00
|
131
|
22,469,397
|
11.76
|
|||||||
|
70.01-75.00
|
93
|
17,643,653
|
9.23
|
|||||||
|
75.01-80.00
|
264
|
44,290,322
|
23.18
|
|||||||
|
80.01-85.00
|
117
|
19,862,842
|
10.40
|
|||||||
|
85.01-90.00
|
261
|
34,230,900
|
17.92
|
|||||||
|
90.01-95.00
|
81
|
10,156,177
|
5.32
|
|||||||
|
95.01-100.00
|
69
|
8,459,285
|
4.43
|
|||||||
|
Total
|
1,226
|
$
|
191,068,390
|
100.00
|
%
|
|||||
(1) References
to loan-to-value ratios are references to combined loan-to-value ratios with
respect to second lien mortgage loans.
The
weighted average original loan-to-value ratio of the Group II Mortgage Loans
is
approximately 77.17%.
type
of documentation program
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group II
|
Type
of
Documentation
Program
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
Full
|
644
|
$
|
97,166,637
|
50.85
|
%
|
|||||
|
Limited
Income & Asset
|
24
|
4,344,685
|
2.27
|
|||||||
|
Stated
Doc
|
558
|
89,557,068
|
46.87
|
|||||||
|
Total
|
1,226
|
$
|
191,068,390
|
100.00
|
%
|
|||||
LOAN
PURPOSE
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group II
|
Loan
Purpose
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
Purchase
|
277
|
$
|
32,194,643
|
16.85
|
%
|
|||||
|
Refinance-Rate
Term
|
88
|
11,728,424
|
6.14
|
|||||||
|
Cashout
|
861
|
147,145,323
|
77.01
|
|||||||
|
Total
|
1,226
|
$
|
191,068,390
|
100.00
|
%
|
|||||
OCCUPANCY
TYPE (1)
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group II
|
Occupancy
Type
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
Owner
Occupied
|
1,113
|
$
|
174,189,969
|
91.17
|
%
|
|||||
|
Second
Home
|
12
|
2,213,646
|
1.16
|
|||||||
|
Investor
Occupied
|
101
|
14,664,774
|
7.68
|
|||||||
|
Total
|
1,226
|
$
|
191,068,390
|
100.00
|
%
|
|||||
(1) Based
on
representations of the related mortgagors at the time of
origination.
property
type
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group II
|
Property
Type
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
Single
Family Residence
|
888
|
$
|
135,644,062
|
70.99
|
%
|
|||||
|
PUD
|
140
|
24,931,397
|
13.05
|
|||||||
|
2
Unit
|
58
|
10,949,415
|
5.73
|
|||||||
|
Condo
Unit
|
80
|
10,667,749
|
5.58
|
|||||||
|
Townhouse
|
35
|
3,459,092
|
1.81
|
|||||||
|
3
Unit
|
13
|
3,132,197
|
1.64
|
|||||||
|
High
Rise Condo
|
9
|
1,555,111
|
0.81
|
|||||||
|
4
Unit
|
3
|
729,367
|
0.38
|
|||||||
|
Total
|
1,226
|
$
|
191,068,390
|
100.00
|
%
|
|||||
STATE
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group II
|
State
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
Florida
|
142
|
$
|
21,774,064
|
11.40
|
%
|
|||||
|
New
York
|
85
|
19,859,482
|
10.39
|
|||||||
|
New
Jersey
|
96
|
17,529,738
|
9.17
|
|||||||
|
California
|
98
|
17,304,432
|
9.06
|
|||||||
|
Maryland
|
76
|
14,546,355
|
7.61
|
|||||||
|
Illinois
|
69
|
11,950,625
|
6.25
|
|||||||
|
Georgia
|
70
|
10,759,910
|
5.63
|
|||||||
|
Virginia
|
47
|
8,128,556
|
4.25
|
|||||||
|
Massachusetts
|
36
|
7,906,856
|
4.14
|
|||||||
|
Michigan
|
59
|
6,629,928
|
3.47
|
|||||||
|
Other
|
448
|
54,678,445
|
28.62
|
|||||||
|
Total
|
1,226
|
$
|
191,068,390
|
100.00
|
%
|
|||||
ZIP
CODE
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group II
|
Zip
Code
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
07111
|
4
|
$
|
923,498
|
0.48
|
%
|
|||||
|
11706
|
3
|
907,282
|
0.47
|
|||||||
|
07106
|
4
|
802,002
|
0.42
|
|||||||
|
20772
|
3
|
767,634
|
0.40
|
|||||||
|
10473
|
4
|
721,015
|
0.38
|
|||||||
|
07731
|
3
|
702,359
|
0.37
|
|||||||
|
60056
|
2
|
692,551
|
0.36
|
|||||||
|
30058
|
4
|
653,222
|
0.34
|
|||||||
|
94621
|
2
|
651,639
|
0.34
|
|||||||
|
20906
|
3
|
646,840
|
0.34
|
|||||||
|
Other
|
1,194
|
183,600,348
|
96.09
|
|||||||
|
Total
|
1,226
|
$
|
191,068,390
|
100.00
|
%
|
|||||
remaining
term to maturity
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group II
|
Remaining
Term to Maturity (months)
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
180
and below
|
149
|
$
|
6,510,092
|
3.41
|
%
|
|||||
|
181-240
|
1
|
66,814
|
0.03
|
|||||||
|
241-360
|
1076
|
184,491,483
|
96.56
|
|||||||
|
Total
|
1,226
|
$
|
191,068,390
|
100.00
|
%
|
|||||
The
weighted average term to maturity of the Group II Mortgage Loans is
approximately 353 months.
PRODUCT
TYPE
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group II
|
Product
Type
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
15
Year Fixed
|
19
|
$
|
1,813,360
|
0.95
|
%
|
|||||
|
20
Year Fixed
|
1
|
66,814
|
0.03
|
|||||||
|
30
Year Fixed
|
152
|
22,281,067
|
11.66
|
|||||||
|
Fixed-30/15
Balloon
|
130
|
4,696,732
|
2.46
|
|||||||
|
Fixed-40/30
Balloon
|
16
|
2,940,787
|
1.54
|
|||||||
|
2/6
Month LIBOR
|
590
|
95,543,512
|
50.00
|
|||||||
|
2/6
Month LIBOR-24 Month IO
|
6
|
1,425,740
|
0.75
|
|||||||
|
2/6
Month LIBOR-120 Month IO
|
96
|
21,227,692
|
11.11
|
|||||||
|
2/6
Month LIBOR-40/30 Balloon
|
112
|
23,277,581
|
12.18
|
|||||||
|
3/6
Month LIBOR
|
8
|
846,107
|
0.44
|
|||||||
|
3/6
Month LIBOR-36 Month IO
|
1
|
187,150
|
0.10
|
|||||||
|
3/1
ARM 1 Year LIBOR
|
42
|
7,166,199
|
3.75
|
|||||||
|
3/1
ARM 1 Year LIBOR-120 Month IO
|
7
|
1,155,474
|
0.60
|
|||||||
|
3/1
ARM 1 Year LIBOR-40/30 Balloon
|
4
|
900,985
|
0.47
|
|||||||
|
5/6
Month LIBOR
|
2
|
277,883
|
0.15
|
|||||||
|
5/6
Month LIBOR-120 Month IO
|
3
|
632,283
|
0.33
|
|||||||
|
5/1
ARM 1 Year LIBOR
|
16
|
2,802,442
|
1.47
|
|||||||
|
5/1
ARM 1 Year LIBOR-60 Month IO
|
1
|
127,406
|
0.07
|
|||||||
|
5/1
ARM 1 Year LIBOR-120 Month IO
|
17
|
3,273,330
|
1.71
|
|||||||
|
5/1
ARM 1 Year LIBOR-40/30 Balloon
|
3
|
425,846
|
0.22
|
|||||||
|
Total
|
1,226
|
$
|
191,068,390
|
100.00
|
%
|
|||||
Prepayment
Charge Term
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group II
|
Prepayment
Charge
Term
(months)
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
0
|
471
|
$
|
79,736,967
|
41.73
|
%
|
|||||
|
12
|
50
|
9,439,250
|
4.94
|
|||||||
|
24
|
396
|
62,348,319
|
32.63
|
|||||||
|
36
|
309
|
39,543,853
|
20.70
|
|||||||
|
Total
|
1,226
|
$
|
191,068,390
|
100.00
|
%
|
|||||
INITIAL
PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group II
|
Initial
Periodic Rate Cap
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
1.001-1.500
|
7
|
$
|
911,736
|
0.57
|
%
|
|||||
|
1.501-2.000
|
54
|
9,297,672
|
5.84
|
|||||||
|
2.001-2.500
|
1
|
123,437
|
0.08
|
|||||||
|
2.501-3.000
|
804
|
141,397,594
|
88.78
|
|||||||
|
4.501-5.000
|
42
|
7,539,190
|
4.73
|
|||||||
|
Total
|
908
|
$
|
159,269,629
|
100.00
|
%
|
|||||
SUBSEQUENT
PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group II
|
Subsequent
Periodic Rate Cap
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
0.501-1.000
|
809
|
$
|
142,307,760
|
89.35
|
%
|
|||||
|
1.001-1.500
|
8
|
986,751
|
0.62
|
|||||||
|
1.501-2.000
|
90
|
15,851,682
|
9.95
|
|||||||
|
2.001-2.500
|
1
|
123,437
|
0.08
|
|||||||
|
Total
|
908
|
$
|
159,269,629
|
100.00
|
%
|
|||||
Gross
Margin of the Adjustable-Rate Loans
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group II
|
Gross
Margin
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
4.000
and below
|
40
|
$
|
7,332,996
|
4.60
|
%
|
|||||
|
4.001-4.500
|
18
|
3,533,309
|
2.22
|
|||||||
|
4.501-5.000
|
89
|
22,994,391
|
14.44
|
|||||||
|
5.001-5.500
|
289
|
47,697,068
|
29.95
|
|||||||
|
5.501-6.000
|
231
|
42,042,481
|
26.4
|
|||||||
|
6.001-6.500
|
93
|
12,402,668
|
7.79
|
|||||||
|
6.501-7.000
|
69
|
13,710,278
|
8.61
|
|||||||
|
7.001-7.500
|
77
|
9,433,937
|
5.92
|
|||||||
|
7.501-8.000
|
2
|
122,500
|
0.08
|
|||||||
|
Total
|
908
|
$
|
159,269,629
|
100.00
|
%
|
|||||
The
weighted average gross margin of the Group II Mortgage Loans is approximately
5.639%.
MAXIMUM
MORTGAGE RATE OF THE ADJUSTABLE-RATE LOANS
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group II
|
Maximum
Mortgage Rate
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
10.001-10.500
|
5
|
$
|
704,106
|
0.44
|
%
|
|||||
|
10.501-11.000
|
5
|
684,234
|
0.43
|
|||||||
|
11.001-11.500
|
6
|
916,214
|
0.58
|
|||||||
|
11.501-12.000
|
10
|
1,621,321
|
1.02
|
|||||||
|
12.001-12.500
|
15
|
3,709,175
|
2.33
|
|||||||
|
12.501-13.000
|
23
|
4,587,069
|
2.88
|
|||||||
|
13.001-13.500
|
43
|
8,979,696
|
5.64
|
|||||||
|
13.501-14.000
|
109
|
22,145,544
|
13.90
|
|||||||
|
14.001-14.500
|
110
|
22,039,749
|
13.84
|
|||||||
|
14.501-15.000
|
149
|
26,287,164
|
16.50
|
|||||||
|
15.001-15.500
|
129
|
22,772,376
|
14.30
|
|||||||
|
15.501-16.000
|
106
|
16,805,263
|
10.55
|
|||||||
|
16.001-16.500
|
74
|
9,713,262
|
6.10
|
|||||||
|
16.501-17.000
|
47
|
7,315,132
|
4.59
|
|||||||
|
17.001-17.500
|
30
|
4,784,391
|
3.00
|
|||||||
|
17.501-18.000
|
29
|
3,815,287
|
2.40
|
|||||||
|
18.001-18.500
|
14
|
1,980,936
|
1.24
|
|||||||
|
18.501-19.000
|
2
|
135,968
|
0.09
|
|||||||
|
19.001-19.500
|
2
|
272,742
|
0.17
|
|||||||
|
Total
|
908
|
$
|
159,269,629
|
100.00
|
%
|
|||||
The
weighted average maximum mortgage rate of the Group II Mortgage Loans is
approximately 14.883%.
Minimum
Mortgage Rate of the Adjustable-Rate Loans
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group II
|
Minimum
Mortgage Rate
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
4.000
and below
|
38
|
$
|
6,753,796
|
4.24
|
%
|
|||||
|
4.001-4.500
|
17
|
3,354,349
|
2.11
|
|||||||
|
4.501-5.000
|
88
|
22,694,391
|
14.25
|
|||||||
|
5.001-5.500
|
287
|
47,598,734
|
29.89
|
|||||||
|
5.501-6.000
|
229
|
41,684,251
|
26.17
|
|||||||
|
6.001-6.500
|
95
|
12,866,348
|
8.08
|
|||||||
|
6.501-7.000
|
68
|
13,354,628
|
8.38
|
|||||||
|
7.001-7.500
|
78
|
9,502,037
|
5.97
|
|||||||
|
7.501-8.000
|
2
|
122,500
|
0.08
|
|||||||
|
8.001-8.500
|
3
|
635,650
|
0.40
|
|||||||
|
8.501-9.000
|
3
|
702,944
|
0.44
|
|||||||
|
Total
|
908
|
$
|
159,269,629
|
100.00
|
%
|
|||||
The
weighted average minimum mortgage rate of the Group II Mortgage Loans is
approximately 5.672%.
Next
Rate Adjustment Date of the Adjustable-Rate Loans
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group II
|
Next
Rate Adjustment Date
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
June
2007
|
1
|
$
|
103,597
|
0.07
|
%
|
|||||
|
July
2007
|
3
|
571,825
|
0.36
|
|||||||
|
January
2008
|
3
|
502,109
|
0.32
|
|||||||
|
February
2008
|
10
|
2,239,898
|
1.41
|
|||||||
|
March
2008
|
37
|
7,524,870
|
4.72
|
|||||||
|
April
2008
|
202
|
36,369,531
|
22.84
|
|||||||
|
May
2008
|
257
|
45,063,686
|
28.29
|
|||||||
|
June
2008
|
231
|
38,567,911
|
24.22
|
|||||||
|
July
2008
|
60
|
10,531,097
|
6.61
|
|||||||
|
March
2009
|
3
|
491,547
|
0.31
|
|||||||
|
April
2009
|
25
|
3,941,177
|
2.47
|
|||||||
|
May
2009
|
13
|
2,286,691
|
1.44
|
|||||||
|
June
2009
|
16
|
2,645,400
|
1.66
|
|||||||
|
July
2009
|
5
|
891,100
|
0.56
|
|||||||
|
February
2011
|
4
|
757,046
|
0.48
|
|||||||
|
March
2011
|
5
|
833,438
|
0.52
|
|||||||
|
April
2011
|
14
|
2,918,731
|
1.83
|
|||||||
|
May
2011
|
9
|
1,491,533
|
0.94
|
|||||||
|
June
2011
|
9
|
1,488,942
|
0.93
|
|||||||
|
July
2011
|
1
|
49,500
|
0.03
|
|||||||
|
Total
|
908
|
$
|
159,269,629
|
100.00
|
%
|
|||||
The
weighted average number of months to the next adjustment date for the Group
II
Mortgage Loans is approximately 25 months.
MORTGAGE
LOANS AND SUBSEQUENT MORTGAGE LOANS IN LOAN GROUP III
The
Mortgage Loans to be included in loan group III consist of 1,967 adjustable-rate
and fixed-rate Mortgage Loans having an aggregate principal balance of
$383,400,483, subject to a permitted variance of plus or minus 5%. The Mortgage
Loans included in loan group III have the characteristics set forth below (the
sum in any column may not equal the total indicated due to
rounding).
CURRENT
PRINCIPAL BALANCE
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group III
|
Range
of
Current
Mortgage Loan
Principal
Balance
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
0.01-50,000.00
|
175
|
$
|
6,262,144
|
1.63
|
%
|
|||||
|
50,000.01-100,000.00
|
406
|
30,350,301
|
7.92
|
|||||||
|
100,000.01-150,000.00
|
326
|
40,570,318
|
10.58
|
|||||||
|
150,000.01-200,000.00
|
289
|
50,919,551
|
13.28
|
|||||||
|
200,000.01-250,000.00
|
212
|
47,634,903
|
12.42
|
|||||||
|
250,000.01-300,000.00
|
181
|
50,084,039
|
13.06
|
|||||||
|
300,000.01-350,000.00
|
108
|
34,848,655
|
9.09
|
|||||||
|
350,000.01-400,000.00
|
103
|
38,582,753
|
10.06
|
|||||||
|
400,000.01-450,000.00
|
67
|
28,892,808
|
7.54
|
|||||||
|
450,000.01-500,000.00
|
53
|
25,580,487
|
6.67
|
|||||||
|
500,000.01-550,000.00
|
16
|
8,379,302
|
2.19
|
|||||||
|
550,000.01-600,000.00
|
12
|
6,914,992
|
1.80
|
|||||||
|
600,000.01-650,000.00
|
6
|
3,823,800
|
1.00
|
|||||||
|
650,000.01-700,000.00
|
1
|
670,500
|
0.17
|
|||||||
|
700,000.01-750,000.00
|
7
|
5,097,121
|
1.33
|
|||||||
|
800,000.01-850,000.00
|
1
|
824,000
|
0.21
|
|||||||
|
950,000.01-1,000,000.00
|
4
|
3,964,811
|
1.03
|
|||||||
|
Total
|
1,967
|
$
|
383,400,483
|
100.00
|
%
|
|||||
The
average current principal balance of the Group III Mortgage Loans is
approximately $194,916.
Mortgage
rate
Mortgage
Loans and Subsequent Mortgage Loans in Loan Group III
|
Current
Gross Mortgage Rate
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
4.001-4.500
|
1
|
$
|
492,800
|
0.13
|
%
|
|||||
|
4.501-5.000
|
2
|
980,000
|
0.26
|
|||||||
|
5.001-5.500
|
9
|
2,956,807
|
0.77
|
|||||||
|
5.501-6.000
|
35
|
10,483,391
|
2.73
|
|||||||
|
6.001-6.500
|
112
|
29,267,327
|
7.63
|
|||||||
|
6.501-7.000
|
194
|
53,543,815
|
13.97
|
|||||||
|
7.001-7.500
|
195
|
47,788,558
|
12.46
|
|||||||
|
7.501-8.000
|
260
|
60,866,708
|
15.88
|
|||||||
|
8.001-8.500
|
213
|
45,798,995
|
11.95
|
|||||||
|
8.501-9.000
|
233
|
41,170,990
|
10.74
|
|||||||
|
9.001-9.500
|
201
|
30,270,284
|
7.90
|
|||||||
|
9.501-10.000
|
222
|
31,768,085
|
8.29
|
|||||||
|
10.001-10.500
|
120
|
12,326,146
|
3.21
|
|||||||
|
10.501-11.000
|
69
|
6,436,539
|
1.68
|
|||||||
|
11.001-11.500
|
34
|
2,898,155
|
0.76
|
|||||||
|
11.501-12.000
|
34
|
3,701,949
|
0.97
|
|||||||
|
12.001-12.500
|
12
|
1,363,697
|
0.36
|
|||||||
|
12.501-13.000
|
8
|
571,675
|
0.15
|
|||||||
|
13.001-13.500
|
4
|
361,023
|
0.09
|
|||||||
|
13.501-14.000
|
7
|
293,949
|
0.08
|
|||||||
|
14.001-14.500
|
2
|
59,590
|
0.02
|
|||||||
|
Total
|
1,967
|
$
|
383,400,483
|
100.00
|
%
|
|||||
The
weighted average mortgage rate of the Group III Mortgage Loans is approximately
8.105%.
FICO
SCORE
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group III
|
FICO
Score
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
500
and below
|
6
|
$
|
872,832
|
0.23
|
%
|
|||||
|
000-000
|
00
|
00,016,005
|
2.61
|
|||||||
|
521-540
|
111
|
17,499,172
|
4.56
|
|||||||
|
541-560
|
147
|
24,797,444
|
6.47
|
|||||||
|
561-580
|
145
|
26,001,681
|
6.78
|
|||||||
|
581-600
|
207
|
41,013,057
|
10.70
|
|||||||
|
601-620
|
329
|
66,147,118
|
17.25
|
|||||||
|
621-640
|
232
|
49,947,433
|
13.03
|
|||||||
|
641-660
|
161
|
35,101,001
|
9.16
|
|||||||
|
661-680
|
134
|
33,018,761
|
8.61
|
|||||||
|
681-700
|
153
|
26,790,993
|
6.99
|
|||||||
|
701-720
|
115
|
17,750,984
|
4.63
|
|||||||
|
000-000
|
00
|
00,711,989
|
4.36
|
|||||||
|
741-760
|
44
|
9,266,787
|
2.42
|
|||||||
|
761-780
|
13
|
3,917,671
|
1.02
|
|||||||
|
781-800
|
12
|
4,103,349
|
1.07
|
|||||||
|
801-820
|
2
|
444,208
|
0.12
|
|||||||
|
Total
|
1,967
|
$
|
383,400,483
|
100.00
|
%
|
|||||
The
non-zero weighted average FICO score of the Group III Mortgage Loans is
approximately 630.
Credit
Levels
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group III
|
Credit
Level
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
0
|
232
|
$
|
31,703,673
|
8.27
|
%
|
|||||
|
1++
|
1,265
|
266,526,683
|
69.52
|
|||||||
|
1+
|
186
|
36,029,837
|
9.40
|
|||||||
|
1
|
95
|
21,198,323
|
5.53
|
|||||||
|
2
|
59
|
8,917,327
|
2.33
|
|||||||
|
3
|
58
|
8,724,147
|
2.28
|
|||||||
|
4
|
72
|
10,300,494
|
2.69
|
|||||||
|
Total
|
1,967
|
$
|
383,400,483
|
100.00
|
%
|
|||||
LIEN
STATUS
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group III
|
Lien
Status
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
First
Lien
|
1,763
|
$
|
370,302,658
|
96.58
|
%
|
|||||
|
Second
Lien
|
204
|
13,097,825
|
3.42
|
|||||||
|
Total
|
1,967
|
$
|
383,400,483
|
100.00
|
%
|
|||||
ORIGINAL
LOAN-TO-VALUE RATIOS (1)
Mortgage
Loans nd Subsequent Mortgage Loans in
Loan Group III
|
Original
Loan-to-Value
Ratios
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
50.00
and below
|
84
|
$
|
12,791,259
|
3.34
|
%
|
|||||
|
50.01-55.00
|
21
|
3,707,771
|
0.97
|
|||||||
|
55.01-60.00
|
49
|
8,970,195
|
2.34
|
|||||||
|
60.01-65.00
|
72
|
16,695,980
|
4.35
|
|||||||
|
65.01-70.00
|
114
|
22,096,057
|
5.76
|
|||||||
|
70.01-75.00
|
115
|
21,077,949
|
5.50
|
|||||||
|
75.01-80.00
|
745
|
177,797,601
|
46.37
|
|||||||
|
80.01-85.00
|
148
|
27,120,748
|
7.07
|
|||||||
|
85.01-90.00
|
297
|
45,026,733
|
11.74
|
|||||||
|
90.01-95.00
|
107
|
18,952,867
|
4.94
|
|||||||
|
95.01-100.00
|
215
|
29,163,324
|
7.61
|
|||||||
|
Total
|
1,967
|
$
|
383,400,483
|
100.00
|
%
|
|||||
(1) References
to loan-to-value ratios are references to combined loan-to-value ratios with
respect to second lien mortgage loans.
The
weighted average original loan-to-value ratio of the Group III Mortgage Loans
is
approximately 79.82%.
type
of documentation program
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group III
|
Type
of
Documentation
Program
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
Full
|
943
|
$
|
171,661,320
|
44.77
|
%
|
|||||
|
Limited
Income & Assets
|
27
|
7,037,738
|
1.84
|
|||||||
|
Stated
Doc
|
942
|
192,974,112
|
50.33
|
|||||||
|
No
Ratio
|
15
|
3,285,767
|
0.86
|
|||||||
|
No
Income No Assets
|
22
|
4,875,645
|
1.27
|
|||||||
|
No
Doc
|
18
|
3,565,901
|
0.93
|
|||||||
|
Total
|
1,967
|
$
|
383,400,483
|
100.00
|
%
|
|||||
LOAN
PURPOSE
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group III
|
Loan
Purpose
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
Purchase
|
1,087
|
$
|
221,972,365
|
57.90
|
%
|
|||||
|
Refinance-Rate
Term
|
94
|
14,583,820
|
3.80
|
|||||||
|
Cashout
|
786
|
146,844,298
|
38.30
|
|||||||
|
Total
|
1,967
|
$
|
383,400,483
|
100.00
|
%
|
|||||
OCCUPANCY
TYPE (1)
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group III
|
Occupancy
Type
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
Owner
Occupied
|
1,823
|
$
|
364,775,746
|
95.14
|
%
|
|||||
|
Second
Home
|
13
|
3,621,911
|
0.94
|
|||||||
|
Investor
Occupied
|
131
|
15,002,827
|
3.91
|
|||||||
|
Total
|
1,967
|
$
|
383,400,483
|
100.00
|
%
|
|||||
(1) Based
on
representations of the related mortgagors at the time of
origination.
property
type
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group III
|
Property
Type
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
Single
Family Residence
|
1,307
|
$
|
245,861,598
|
64.13
|
%
|
|||||
|
PUD
|
337
|
74,096,677
|
19.33
|
|||||||
|
Condo
Xxxx
|
000
|
25,168,836
|
6.56
|
|||||||
|
2
Unit
|
113
|
23,593,732
|
6.15
|
|||||||
|
Townhouse
|
49
|
6,675,559
|
1.74
|
|||||||
|
4
Unit
|
10
|
3,353,405
|
0.87
|
|||||||
|
3
Xxxx
|
00
|
3,245,838
|
0.85
|
|||||||
|
High
Rise Condo
|
12
|
1,404,839
|
0.37
|
|||||||
|
Total
|
1,967
|
$
|
383,400,483
|
100.00
|
%
|
|||||
STATE
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group III
|
State
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
California
|
290
|
$
|
80,271,904
|
20.94
|
%
|
|||||
|
Florida
|
286
|
59,306,910
|
15.47
|
|||||||
|
New
York
|
116
|
35,631,403
|
9.29
|
|||||||
|
New
Jersey
|
93
|
24,452,527
|
6.38
|
|||||||
|
Texas
|
152
|
18,416,206
|
4.80
|
|||||||
|
Virginia
|
81
|
16,248,628
|
4.24
|
|||||||
|
Maryland
|
78
|
16,165,638
|
4.22
|
|||||||
|
Georgia
|
97
|
15,542,591
|
4.05
|
|||||||
|
Massachusetts
|
47
|
13,365,715
|
3.49
|
|||||||
|
Illinois
|
65
|
11,964,423
|
3.12
|
|||||||
|
Other
|
662
|
92,034,538
|
24.00
|
|||||||
|
Total
|
1,967
|
$
|
383,400,483
|
100.00
|
%
|
|||||
ZIP
CODE
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group III
|
Zip
Code
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
92223
|
6
|
$
|
2,017,231
|
0.53
|
%
|
|||||
|
07726
|
4
|
1,686,986
|
0.44
|
|||||||
|
11413
|
4
|
1,410,845
|
0.37
|
|||||||
|
33142
|
7
|
1,374,242
|
0.36
|
|||||||
|
33909
|
6
|
1,313,405
|
0.34
|
|||||||
|
93535
|
4
|
1,241,492
|
0.32
|
|||||||
|
95132
|
4
|
1,198,601
|
0.31
|
|||||||
|
92879
|
3
|
1,170,897
|
0.31
|
|||||||
|
02909
|
4
|
1,146,234
|
0.30
|
|||||||
|
92154
|
3
|
1,087,163
|
0.28
|
|||||||
|
Other
|
1,922
|
369,753,388
|
96.44
|
|||||||
|
Total
|
1,967
|
$
|
383,400,483
|
100.00
|
%
|
|||||
remaining
term to maturity
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group III
|
Remaining
Term to Maturity (months)
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
180
and below
|
120
|
$
|
9,247,948
|
2.41
|
%
|
|||||
|
181
- 240
|
4
|
308,297
|
0.08
|
|||||||
|
241
- 360
|
1,843
|
373,844,239
|
97.51
|
|||||||
|
Total
|
1,967
|
$
|
383,400,483
|
100.00
|
%
|
|||||
The
weighted average term to maturity of the Group III Mortgage Loans is
approximately 356 months.
PRODUCT
TYPE
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group III
|
Product
Type
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
10
Year Fixed
|
1
|
$
|
113,503
|
0.03
|
%
|
|||||
|
15
Year Fixed
|
25
|
2,892,424
|
0.75
|
|||||||
|
15
Year Fixed-60 Month IO
|
1
|
238,000
|
0.06
|
|||||||
|
20
Year Fixed
|
4
|
308,297
|
0.08
|
|||||||
|
30
Year Fixed
|
264
|
43,659,018
|
11.39
|
|||||||
|
30
Year Fixed-120 Month IO
|
184
|
23,516,004
|
6.13
|
|||||||
|
Fixed-30/10
Balloon
|
1
|
168,935
|
0.04
|
|||||||
|
Fixed-30/15
Balloon
|
93
|
6,004,021
|
1.57
|
|||||||
|
Fixed-40/30
BALLOON
|
17
|
2,949,538
|
0.77
|
|||||||
|
2/6
Month LIBOR
|
765
|
135,909,838
|
35.45
|
|||||||
|
2/6
Month LIBOR-24 Month IO
|
15
|
4,819,255
|
1.26
|
|||||||
|
2/6
Month LIBOR-60 Month IO
|
1
|
217,000
|
0.06
|
|||||||
|
2/6
Month LIBOR-120 Month IO
|
239
|
72,327,260
|
18.86
|
|||||||
|
2/6
Month LIBOR-40/30 Balloon
|
143
|
38,625,138
|
10.07
|
|||||||
|
3/6
Month LIBOR
|
42
|
6,099,436
|
1.59
|
|||||||
|
3/6
Month LIBOR-120 Month IO
|
18
|
4,622,587
|
1.21
|
|||||||
|
3/1
ARM 1 Year LIBOR
|
36
|
6,143,381
|
1.60
|
|||||||
|
3/1
ARM 1 Year LIBOR-120 Month IO
|
14
|
4,399,623
|
1.15
|
|||||||
|
3/1
ARM 1 Year LIBOR-40/30 Balloon
|
8
|
2,092,617
|
0.55
|
|||||||
|
3/1
ARM 1 Year CMT-40/30 Balloon
|
1
|
264,585
|
0.07
|
|||||||
|
5/6
Month LIBOR
|
3
|
469,143
|
0.12
|
|||||||
|
5/6
Month LIBOR-120 Month IO
|
14
|
4,110,967
|
1.07
|
|||||||
|
5/1
ARM 1 Year LIBOR
|
16
|
3,914,587
|
1.02
|
|||||||
|
5/1
ARM 1 Year LIBOR-120 Month IO
|
58
|
18,596,252
|
4.85
|
|||||||
|
5/1
ARM 1 Year LIBOR-40/30 Balloon
|
4
|
939,074
|
0.24
|
|||||||
|
Total
|
1967
|
$
|
383,400,483
|
100.00
|
%
|
|||||
Prepayment
Charge Term
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group III
|
Prepayment
Charge
Term
(months)
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
0
|
732
|
$
|
141,718,968
|
36.96
|
%
|
|||||
|
12
|
104
|
25,991,389
|
6.78
|
|||||||
|
24
|
678
|
135,464,851
|
35.33
|
|||||||
|
36
|
450
|
78,614,746
|
20.50
|
|||||||
|
60
|
3
|
1,610,529
|
0.42
|
|||||||
|
Total
|
1,967
|
$
|
383,400,483
|
100.00
|
%
|
|||||
INITIAL
PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group III
|
Initial
Periodic Rate Cap
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
1.001-1.500
|
47
|
$
|
7,210,548
|
2.38
|
%
|
|||||
|
1.501-2.000
|
73
|
16,792,467
|
5.53
|
|||||||
|
2.501-3.000
|
1,156
|
249,045,839
|
82.04
|
|||||||
|
3.501-4.000
|
2
|
467,419
|
0.15
|
|||||||
|
4.001-4.500
|
1
|
372,000
|
0.12
|
|||||||
|
4.501-5.000
|
97
|
28,926,473
|
9.53
|
|||||||
|
6.001-6.500
|
1
|
736,000
|
0.24
|
|||||||
|
Total
|
1,377
|
$
|
303,550,744
|
100.00
|
%
|
|||||
SUBSEQUENT
PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group III
|
Subsequent
Periodic Rate Cap
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
0.501-1.000
|
1,177
|
$
|
255,189,286
|
84.07
|
%
|
|||||
|
1.001-1.500
|
54
|
9,205,179
|
3.03
|
|||||||
|
1.501-2.000
|
144
|
38,688,861
|
12.75
|
|||||||
|
2.501-3.000
|
2
|
467,419
|
0.15
|
|||||||
|
Total
|
1,377
|
$
|
303,550,744
|
100.00
|
%
|
|||||
Gross
Margin of the Adjustable-Rate Loans
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group III
|
Gross
Margin
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
4.000
and below
|
194
|
$
|
57,862,722
|
19.06
|
%
|
|||||
|
4.001-4.500
|
89
|
21,895,652
|
7.21
|
|||||||
|
4.501-5.000
|
176
|
47,284,765
|
15.58
|
|||||||
|
5.001-5.500
|
356
|
71,502,796
|
23.56
|
|||||||
|
5.501-6.000
|
282
|
59,516,508
|
19.61
|
|||||||
|
6.001-6.500
|
118
|
19,583,490
|
6.45
|
|||||||
|
6.501-7.000
|
75
|
14,477,733
|
4.77
|
|||||||
|
7.001-7.500
|
60
|
7,487,303
|
2.47
|
|||||||
|
7.501-8.000
|
16
|
1,854,189
|
0.61
|
|||||||
|
8.001-8.500
|
9
|
1,871,999
|
0.62
|
|||||||
|
8.501-9.000
|
2
|
213,586
|
0.07
|
|||||||
|
Total
|
1,377
|
$
|
303,550,744
|
100.00
|
%
|
|||||
The
weighted average gross margin of the Group III Mortgage Loans is approximately
5.144%.
MAXIMUM
MORTGAGE RATE OF THE ADJUSTABLE-RATE LOANS
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group III
|
Maximum
Mortgage Rate
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
8.501-9.000
|
1
|
$
|
280,000
|
0.09
|
%
|
|||||
|
9.001-9.500
|
1
|
121,600
|
0.04
|
|||||||
|
9.501-10.000
|
2
|
187,083
|
0.06
|
|||||||
|
10.001-10.500
|
3
|
961,498
|
0.32
|
|||||||
|
10.501-11.000
|
6
|
2,025,808
|
0.67
|
|||||||
|
11.001-11.500
|
19
|
6,697,039
|
2.21
|
|||||||
|
11.501-12.000
|
39
|
13,114,054
|
4.32
|
|||||||
|
12.001-12.500
|
56
|
16,456,776
|
5.42
|
|||||||
|
12.501-13.000
|
108
|
30,450,854
|
10.03
|
|||||||
|
13.001-13.500
|
136
|
36,640,707
|
12.07
|
|||||||
|
13.501-14.000
|
187
|
47,982,016
|
15.81
|
|||||||
|
14.001-14.500
|
161
|
37,804,867
|
12.45
|
|||||||
|
14.501-15.000
|
183
|
36,932,473
|
12.17
|
|||||||
|
15.001-15.500
|
138
|
25,038,825
|
8.25
|
|||||||
|
15.501-16.000
|
159
|
25,034,425
|
8.25
|
|||||||
|
16.001-16.500
|
87
|
11,056,386
|
3.64
|
|||||||
|
16.501-17.000
|
41
|
6,326,357
|
2.08
|
|||||||
|
17.001-17.500
|
22
|
2,455,336
|
0.81
|
|||||||
|
17.501-18.000
|
15
|
2,451,733
|
0.81
|
|||||||
|
18.001-18.500
|
7
|
988,558
|
0.33
|
|||||||
|
18.501-19.000
|
3
|
269,275
|
0.09
|
|||||||
|
19.001-19.500
|
3
|
275,073
|
0.09
|
|||||||
|
Total
|
1,377
|
$
|
303,550,744
|
100.00
|
%
|
|||||
The
weighted average maximum mortgage rate of the Group III Mortgage Loans is
approximately 14.116%.
Minimum
Mortgage Rate of the Adjustable-Rate Loans
Mortgage
Loans and Subsequent Mortgage Loans in
Loan Group III
|
Minimum
Mortgage Rate
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
4.000
and below
|
186
|
$
|
55,067,946
|
18.14
|
%
|
|||||
|
4.001-4.500
|
93
|
23,569,652
|
7.76
|
|||||||
|
4.501-5.000
|
177
|
47,476,765
|
15.64
|
|||||||
|
5.001-5.500
|
345
|
70,026,546
|
23.07
|
|||||||
|
5.501-6.000
|
273
|
58,319,898
|
19.21
|
|||||||
|
6.001-6.500
|
114
|
19,222,660
|
6.33
|
|||||||
|
6.501-7.000
|
84
|
16,428,332
|
5.41
|
|||||||
|
7.001-7.500
|
68
|
8,480,405
|
2.79
|
|||||||
|
7.501-8.000
|
20
|
2,380,927
|
0.78
|
|||||||
|
8.001-8.500
|
10
|
1,926,916
|
0.63
|
|||||||
|
8.501-9.000
|
7
|
650,697
|
0.21
|
|||||||
|
Total
|
1,377
|
$
|
303,550,744
|
100.00
|
%
|
|||||
The
weighted average minimum mortgage rate of the Group III Mortgage Loans is
approximately 5.178%.
Next
Rate Adjustment Date of the Adjustable-Rate Loans
Mortgage
Loans and
Subsequent Mortgage Loans in Loan Group III
|
Next
Rate Adjustment Date
|
Number
of
Mortgage
Loans
|
Aggregate
Principal
Balance
Outstanding
|
Percentage
of Aggregate
Principal
Balance of
Mortgage
Loans
|
|||||||
|
June
2006
|
2
|
$
|
300,799
|
0.10
|
%
|
|||||
|
July
2006
|
2
|
236,235
|
0.08
|
|||||||
|
August
2006
|
5
|
824,052
|
0.27
|
|||||||
|
September
2006
|
12
|
1,498,357
|
0.49
|
|||||||
|
October
2006
|
23
|
3,348,597
|
1.10
|
|||||||
|
November
2006
|
12
|
1,268,977
|
0.42
|
|||||||
|
December
2006
|
3
|
426,613
|
0.14
|
|||||||
|
January
2007
|
4
|
578,625
|
0.19
|
|||||||
|
February
2007
|
3
|
336,331
|
0.11
|
|||||||
|
March
2007
|
4
|
865,275
|
0.29
|
|||||||
|
April
2007
|
9
|
1,590,819
|
0.52
|
|||||||
|
May
2007
|
13
|
1,962,206
|
0.65
|
|||||||
|
June
2007
|
10
|
2,783,593
|
0.92
|
|||||||
|
July
2007
|
11
|
1,474,673
|
0.49
|
|||||||
|
August
2007
|
17
|
4,374,006
|
1.44
|
|||||||
|
September
2007
|
24
|
4,144,920
|
1.37
|
|||||||
|
October
2007
|
2
|
206,154
|
0.07
|
|||||||
|
November
2007
|
2
|
277,645
|
0.09
|
|||||||
|
December
2007
|
2
|
252,446
|
0.08
|
|||||||
|
January
2008
|
5
|
1,030,367
|
0.34
|
|||||||
|
February
2008
|
22
|
7,354,830
|
2.42
|
|||||||
|
March
2008
|
51
|
13,838,541
|
4.56
|
|||||||
|
April
2008
|
269
|
61,430,828
|
20.24
|
|||||||
|
May
2008
|
248
|
51,730,844
|
17.04
|
|||||||
|
June
2008
|
298
|
67,662,208
|
22.29
|
|||||||
|
July
2008
|
108
|
21,208,645
|
6.99
|
|||||||
|
September
2008
|
1
|
670,500
|
0.22
|
|||||||
|
October
2008
|
1
|
90,316
|
0.03
|
|||||||
|
November
2008
|
4
|
842,108
|
0.28
|
|||||||
|
January
2009
|
32
|
5,413,070
|
1.78
|
|||||||
|
February
2009
|
6
|
889,361
|
0.29
|
|||||||
|
March
2009
|
8
|
1,782,640
|
0.59
|
|||||||
|
April
2009
|
25
|
5,132,216
|
1.69
|
|||||||
|
May
2009
|
20
|
4,788,417
|
1.58
|
|||||||
|
June
2009
|
15
|
2,734,911
|
0.90
|
|||||||
|
July
2009
|
6
|
1,077,000
|
0.35
|
|||||||
|
August
2010
|
1
|
117,623
|
0.04
|
|||||||
|
October
2010
|
3
|
557,776
|
0.18
|
|||||||
|
November
2010
|
3
|
834,000
|
0.27
|
|||||||
|
December
2010
|
2
|
858,597
|
0.28
|
|||||||
|
February
2011
|
10
|
2,776,068
|
0.91
|
|||||||
|
March
2011
|
21
|
7,114,949
|
2.34
|
|||||||
|
April
2011
|
34
|
10,212,708
|
3.36
|
|||||||
|
May
2011
|
14
|
3,908,417
|
1.29
|
|||||||
|
June
2011
|
9
|
2,448,481
|
0.81
|
|||||||
|
July
2011
|
1
|
295,000
|
0.10
|
|||||||
|
Total
|
1,377
|
$
|
303,550,744
|
100.00
|
%
|
|||||
The
weighted average number of months to the next adjustment date for the Group
III
Mortgage Loans is approximately 26 months.
