-6-
EXHIBIT 99.1
The mortgage loans delivered to the trust (the "Mortgage Loans")
consist of conventional, one-to four- family, adjustable-rate and fixed-rate
mortgage loans. The Depositor purchased the Mortgage Loans from the Seller
pursuant to the Mortgage Loan Purchase Agreement, dated June 1, 2004 (the
"Mortgage Loan Purchase Agreement"), between the Seller and the Depositor.
Pursuant to the Pooling and Servicing Agreement dated June 1, 2004 (the "Pooling
and Servicing Agreement"), among the Depositor, the Master Servicer and the
Trustee, the Depositor caused the Mortgage Loans to be assigned to the Trustee
for the benefit of the certificateholders.
The Mortgage Loans are secured by mortgages or deeds of trust or other
similar security instruments creating first liens on residential properties (the
"Mortgaged Properties") consisting of attached, detached or semi-detached one-to
four-family dwelling units, individual condominium units or individual units in
planned unit developments and manufactured housing. The Mortgage Loans have
original terms to maturity of not greater than 30 years from the date on which
the first payment was due on each Mortgage Loan.
Each adjustable-rate Mortgage Loan will accrue interest at the
adjustable-rate calculated as specified under the terms of the related mortgage
note and each fixed-rate Mortgage Loan will have a Mortgage Rate that is fixed
for the life of such Mortgage (each such rate, a "Mortgage Rate").
Approximately 89.35% and approximately 10.65% of the Mortgage Loans, by
aggregate scheduled principal balance as of the Cut-off Date, were originated by
the Seller's wholesale lending affiliates, Argent Mortgage Company, LLC
("Argent") and Olympus Mortgage Company ("Olympus" and together with Argent, the
"Originators"), respectively.
Each adjustable-rate Mortgage Loan will accrue interest at a Mortgage
Rate that is adjustable. The adjustable-rate Mortgage Loans will provide for
semi-annual adjustment to the Mortgage Rate thereon and for corresponding
adjustments to the monthly payment amount due thereon, in each case on each
adjustment date applicable thereto (each such date, an "Adjustment Date");
provided, that the first adjustment for approximately 73.49% of the
adjustable-rate Group I Mortgage Loans and approximately 78.73% of the
adjustable-rate Group II Mortgage Loans will occur after an initial period of
two years after origination, and the first adjustment for approximately 26.51%
of the adjustable-rate Group I Mortgage Loans and approximately 21.27% of the
adjustable-rate Group II Mortgage Loans will occur after an initial period of
three years after origination. On each Adjustment Date for each adjustable-rate
Mortgage Loan, the Mortgage Rate thereon will be adjusted (subject to rounding)
to equal the sum of the applicable Index and a fixed percentage amount (the
"Gross Margin"). The Mortgage Rate on each adjustable-rate Mortgage Loan will
not decrease on the first related Adjustment Date, will not increase by more
than 2.000% per annum on the first related Adjustment Date (the "Initial
Periodic Rate Cap") and will not increase or decrease by more than 1.000% per
annum on any Adjustment Date thereafter (the "Periodic Rate Cap"). Each Mortgage
Rate on each adjustable-rate Mortgage Loan will not exceed a specified maximum
Mortgage Rate over the life of such Mortgage Loan (the "Maximum Mortgage Rate")
or be less than a specified minimum Mortgage Rate over the life of such Mortgage
Loan (the "Minimum Mortgage Rate"). Effective with the first monthly payment due
on each adjustable-rate Mortgage Loan after each related Adjustment Date, the
monthly payment amount will be adjusted to an amount that will amortize fully
the outstanding principal balance of the related Mortgage Loan over its
remaining term, and pay interest at the Mortgage Rate as so adjusted. Due to the
application of the Periodic Rate Caps and the Maximum Mortgage Rates, the
Mortgage Rate on each such adjustable-rate Mortgage Loan, as adjusted on any
related Adjustment Date, may be less than the sum of the Index and the related
Gross Margin, rounded as described herein. None of the adjustable-rate Mortgage
Loans permits the related mortgagor to convert the adjustable Mortgage Rate
thereon to a fixed Mortgage Rate.
The Mortgage Loans have scheduled monthly payments due on the first day
of the month (with respect to each Mortgage Loan, a "Due Date"). Each Mortgage
Loan contains a customary "due-on-sale" clause which provides that (subject to
state and federal restrictions) the Mortgage Loan must be repaid at the time of
sale of the related mortgaged property or with the consent of the holder of the
mortgage note assumed by a creditworthy purchaser of the related mortgaged
property.
None of the Mortgage Loans will be buydown mortgage loans.
-7-
For purposes of calculating interest and principal distributions on the Class A
Certificates, the Mortgage Loans will be divided into two loan groups,
designated as the "Group I Mortgage Loans" and the "Group II Mortgage Loans."
The Group I Mortgage Loans will consist of adjustable-rate and fixed-rate
mortgage loans with principal balances at origination that conform to Freddie
Mac and Xxxxxx Xxx loan limits and the Group II Mortgage Loans will consist of
adjustable-rate and fixed-rate mortgage loans with principal balances at
origination that may or may not conform to Freddie Mac or Xxxxxx Xxx loan
limits.
Approximately 71.32% of the Group I Mortgage Loans and approximately
78.53% of the Group II Mortgage Loans, in each case by aggregate scheduled
principal balances of the related loan group as of the Cut-off Date, provide for
payment by the mortgagor of a prepayment charge on certain principal
prepayments, subject to certain limitations in the related mortgage note and
limitations upon collection in the Pooling and Servicing Agreement. Generally,
each such Mortgage Loan provides for payment of a prepayment charge on certain
prepayments made within a defined period set forth in the related Mortgage Note
(generally within the first three years but possibly as short as one year from
the date of origination of such Mortgage Loan). The amount of the prepayment
charge is as provided in the related Mortgage Note. The holders of the Class P
Certificates will be entitled to all prepayment charges received on the Mortgage
Loans in each loan group, and such amounts will not be available for
distribution on the other classes of Certificates. Under certain instances, as
described under the terms of the Pooling and Servicing Agreement, the Master
Servicer may waive the payment of any otherwise applicable prepayment charge.
Investors should conduct their own analysis of the effect, if any, that the
prepayment charges, and decisions by the Master Servicer with respect to the
waiver thereof, may have on the prepayment performance of the Mortgage Loans.
The Depositor makes no representation as to the effect that the prepayment
charges, and decisions by the Master Servicer with respect to the waiver
thereof, may have on the prepayment performance of the Mortgage Loans.
-8-
-----------------------------------------------------------------------------------------------------------------------------------
COLLATERAL TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2 Yr Fixed/Adjustable Rate 1,689 $ 298,428,409.53 59.69% 358 39.43 7.277 582 77.75
3 Yr Fixed/Adjustable Rate 572 101,571,474.05 20.31 358 38.08 7.134 620 81.17
Fixed Rate 564 99,999,228.40 20.00 350 38.71 6.725 646 76.32
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,825 $ 499,999,111.98 100.00% 357 39.01 7.137 603 78.16
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
PRINCIPAL BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME COUPON OLTV
AT ORIGINATION ($) LOANS ORIGINATION THE CUT-OFF DATE (MONTHS)* (%)* (%)* FICO* (%)*
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 678 $ 54,038,540.00 10.79% 351 36.52 7.651 598 77.80
100,000.01 - 150,000.00 702 87,201,392.00 17.42 356 38.01 7.394 600 78.20
150,000.01 - 200,000.00 576 100,575,832.00 20.09 357 39.27 7.365 594 78.02
200,000.01 - 250,000.00 308 68,884,905.00 13.76 358 39.09 7.109 591 76.89
250,000.01 - 300,000.00 236 64,466,142.00 12.88 358 41.20 7.134 596 78.99
300,000.01 - 350,000.00 138 44,394,700.00 8.87 358 40.11 6.610 614 79.57
350,000.01 - 400,000.00 81 30,391,309.00 6.07 359 40.92 6.652 625 80.17
400,000.01 - 450,000.00 39 16,521,550.00 3.30 358 37.00 6.287 653 79.47
450,000.01 - 500,000.00 55 26,439,480.00 5.28 359 41.31 6.706 605 75.38
500,000.01 - 550,000.00 7 3,720,900.00 0.74 358 31.08 6.135 681 84.11
550,000.01 - 600,000.00 1 590,000.00 0.12 359 20.00 5.250 746 42.14
600,000.01 - 650,000.00 3 1,902,400.00 0.38 358 33.22 6.107 643 75.67
1,000,000.01 or greater 1 1,495,000.00 0.30 359 17.00 6.750 651 74.94
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,825 $ 500,622,150.00 100.00% 357 39.01 7.137 603 78.16
-----------------------------------------------------------------------------------------------------------------------------------
*Based on the original balances of the Mortgage Loans.
-9-
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF PRINCIPAL BALANCES NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
AS OF THE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
CUT-OFF DATE ($) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 681 $ 54,266,424.22 10.85% 350 36.54 7.649 599 77.78
100,000.01 - 150,000.00 699 86,803,396.80 17.36 357 38.00 7.394 600 78.22
150,000.01 - 200,000.00 577 100,653,785.83 20.13 357 39.24 7.362 594 78.02
200,000.01 - 250,000.00 307 68,600,783.78 13.72 358 39.13 7.113 591 76.90
250,000.01 - 300,000.00 241 65,885,900.32 13.18 358 41.18 7.109 597 78.91
300,000.01 - 350,000.00 134 43,182,584.21 8.64 358 40.17 6.642 612 79.79
350,000.01 - 400,000.00 80 30,007,771.45 6.00 359 40.83 6.637 625 80.06
400,000.01 - 450,000.00 39 16,494,870.48 3.30 358 37.00 6.287 653 79.47
450,000.01 - 500,000.00 56 26,906,001.38 5.38 359 41.40 6.710 607 75.65
500,000.01 - 550,000.00 6 3,216,061.86 0.64 359 28.76 6.016 681 83.20
550,000.01 - 600,000.00 1 589,323.24 0.12 359 20.00 5.250 746 42.14
600,000.01 - 650,000.00 3 1,898,495.58 0.38 358 33.22 6.107 643 75.67
1,000,000.01 or greater 1 1,493,712.83 0.30 359 17.00 6.750 651 74.94
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,825 $ 499,999,111.98 100.00% 357 39.01 7.137 603 78.16
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
REMAINING TERM TO MATURITY
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RANGE OF MONTHS REMAINING LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
121 - 180 32 $ 3,211,927.56 0.64% 178 37.51 7.108 631 69.38
181 - 240 24 2,891,603.31 0.58 239 36.28 6.820 627 75.94
301 - 360 2,769 493,895,581.11 98.78 359 39.04 7.139 602 78.23
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,825 $ 499,999,111.98 100.00% 357 39.01 7.137 603 78.16
-----------------------------------------------------------------------------------------------------------------------------------
-10-
-----------------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF CURRENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 91 $ 24,275,337.87 4.86% 357 36.92 5.298 703 68.44
5.500 - 5.999 258 59,275,975.70 11.86 357 39.29 5.750 637 76.07
6.000 - 6.499 310 63,718,355.74 12.74 355 39.21 6.247 615 76.37
6.500 - 6.999 554 101,974,357.34 20.39 357 38.76 6.739 611 79.49
7.000 - 7.499 426 70,253,217.56 14.05 358 39.46 7.234 593 79.50
7.500 - 7.999 461 74,252,781.59 14.85 358 37.91 7.727 589 81.01
8.000 - 8.499 304 46,359,632.49 9.27 356 40.09 8.214 578 81.57
8.500 - 8.999 231 32,566,345.34 6.51 356 39.09 8.699 557 79.48
9.000 - 9.499 84 11,758,594.33 2.35 359 38.45 9.212 545 76.06
9.500 - 9.999 46 7,039,645.30 1.41 358 42.56 9.697 540 74.24
10.000 - 10.499 21 2,831,385.18 0.57 359 43.05 10.192 525 68.16
10.500 - 10.999 22 3,359,742.17 0.67 355 42.33 10.658 528 63.80
11.000 - 11.499 9 1,319,507.37 0.26 358 41.49 11.188 535 62.54
11.500 - 11.999 7 925,385.13 0.19 345 41.57 11.740 533 58.00
12.000 - 12.499 1 88,848.87 0.02 358 18.00 12.000 551 70.00
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,825 $ 499,999,111.98 100.00% 357 39.01 7.137 603 78.16
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF ORIGINAL MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
LOAN-TO-VALUE RATIOS (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
25.00 or less 7 $ 716,246.17 0.14% 359 45.90 6.590 643 22.06
25.01 - 30.00 11 1,682,315.16 0.34 359 40.73 6.888 620 27.77
30.01 - 35.00 15 2,037,926.09 0.41 347 42.00 7.078 607 32.93
35.01 - 40.00 15 2,528,669.79 0.51 343 39.09 6.213 679 37.68
40.01 - 45.00 27 4,961,316.37 0.99 348 35.22 6.122 669 43.31
45.01 - 50.00 37 6,294,874.71 1.26 347 35.41 6.268 653 47.89
50.01 - 55.00 42 6,963,431.45 1.39 356 36.06 6.898 625 53.05
55.01 - 60.00 84 13,864,942.40 2.77 356 39.20 7.505 580 58.57
60.01 - 65.00 152 28,033,041.39 5.61 357 37.45 7.319 575 63.30
65.01 - 70.00 221 41,050,051.56 8.21 357 40.64 7.480 567 68.82
70.01 - 75.00 375 66,780,087.27 13.36 357 39.18 7.344 567 74.22
75.01 - 80.00 570 96,799,343.81 19.36 357 38.94 7.029 592 79.41
80.01 - 85.00 671 125,512,072.99 25.10 358 38.94 6.773 615 84.16
85.01 - 90.00 428 73,953,754.16 14.79 357 38.69 7.390 630 89.55
90.01 - 95.00 170 28,821,038.66 5.76 354 40.78 7.650 649 94.69
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,825 $ 499,999,111.98 100.00% 357 39.01 7.137 603 78.16
-----------------------------------------------------------------------------------------------------------------------------------
-11-
-----------------------------------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RANGE OF FICO SCORES LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
500 - 519 219 $ 37,021,172.83 7.40% 358 42.94 8.340 510 72.26
520 - 539 282 49,949,792.49 9.99 357 39.87 7.900 530 71.97
540 - 559 346 58,088,085.98 11.62 357 39.97 7.536 551 76.25
560 - 579 323 55,865,401.49 11.17 358 39.81 7.420 569 77.73
580 - 599 348 59,048,562.84 11.81 358 38.95 7.031 589 79.04
600 - 619 324 55,495,853.82 11.10 356 39.92 6.916 609 80.25
620 - 639 316 57,244,340.68 11.45 355 39.50 6.754 629 82.24
640 - 659 208 37,396,506.61 7.48 356 36.30 6.733 649 82.42
660 - 679 159 29,748,056.10 5.95 356 36.65 6.630 670 82.31
680 - 699 100 20,123,780.87 4.02 357 36.45 6.525 688 84.06
700 - 719 67 11,901,927.96 2.38 354 36.48 6.529 709 83.00
720 - 739 52 9,595,357.00 1.92 355 36.97 6.377 729 79.12
740 - 759 37 7,701,560.03 1.54 353 34.44 6.078 749 73.84
760 - 779 28 7,212,732.58 1.44 357 34.89 5.715 772 63.39
780 - 799 13 2,968,513.81 0.59 359 28.35 5.630 788 63.63
800 - 819 3 637,466.89 0.13 359 46.88 5.368 801 41.16
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,825 $ 499,999,111.98 100.00% 357 39.01 7.137 603 78.16
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF DEBT-TO-INCOME MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RATIOS (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
20.00 or less 168 $ 28,982,256.61 5.80% 357 14.49 6.962 632 76.15
20.01 - 25.00 157 24,530,886.96 4.91 356 23.04 7.029 622 75.11
25.01 - 30.00 242 36,347,954.48 7.27 357 27.99 7.206 606 76.91
30.01 - 35.00 405 69,903,031.52 13.98 355 33.20 7.108 606 78.75
35.01 - 40.00 475 84,592,100.87 16.92 357 38.13 7.133 603 78.28
40.01 - 45.00 541 98,025,401.78 19.61 357 43.06 7.123 604 79.51
45.01 - 50.00 690 128,453,355.96 25.69 357 48.11 7.153 597 80.55
50.01 - 55.00 147 29,164,123.80 5.83 357 53.34 7.379 565 67.46
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,825 $ 499,999,111.98 100.00% 357 39.01 7.137 603 78.16
-----------------------------------------------------------------------------------------------------------------------------------
-12-
-----------------------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
STATE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
California 772 $ 184,209,945.65 36.84% 357 39.62 6.789 601 73.96
Florida 396 56,637,987.25 11.33 355 39.76 7.296 610 82.50
Illinois 248 42,650,375.43 8.53 357 38.16 7.377 619 82.98
New York 128 33,618,947.58 6.72 359 41.07 7.130 603 77.25
Texas 143 17,234,622.93 3.45 349 35.81 7.527 589 78.97
Nevada 85 15,293,273.51 3.06 359 40.41 7.155 603 79.70
Arizona 116 15,262,519.13 3.05 356 39.41 7.300 595 79.28
Maryland 79 13,345,315.28 2.67 357 39.94 7.297 588 79.87
Massachusetts 46 10,299,816.05 2.06 353 38.85 7.167 605 75.75
Washington 65 9,478,043.83 1.90 358 36.90 7.182 596 79.33
Michigan 81 9,164,663.53 1.83 359 39.09 7.737 583 79.78
Georgia 55 9,016,904.81 1.80 358 35.56 7.598 592 81.99
Minnesota 40 6,921,483.29 1.38 359 37.70 7.060 620 82.46
Connecticut 34 6,390,243.44 1.28 358 37.20 7.162 614 76.76
Oregon 43 6,258,731.99 1.25 359 39.34 7.328 612 80.15
Colorado 30 6,099,183.96 1.22 358 39.36 7.074 602 82.79
New Jersey 25 5,674,700.89 1.13 355 36.75 7.367 609 81.69
Ohio 48 4,239,462.98 0.85 352 34.89 7.678 608 85.68
North Carolina 38 4,070,178.85 0.81 359 34.22 7.425 618 83.44
Alaska 20 4,024,931.90 0.80 359 40.49 7.515 575 79.07
Other 333 40,107,779.70 8.02 355 37.51 7.546 598 80.71
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,825 $ 499,999,111.98 100.00% 357 39.01 7.137 603 78.16
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
OCCUPANCY STATUS* LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 2,468 $ 447,782,357.97 89.56% 357 39.66 7.096 598 77.80
Non-Owner Occupied 332 48,119,170.21 9.62 357 32.95 7.540 644 81.36
Second Home 25 4,097,583.80 0.82 355 38.79 6.922 627 79.59
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,825 $ 499,999,111.98 100.00% 357 39.01 7.137 603 78.16
-----------------------------------------------------------------------------------------------------------------------------------
*Based on mortgagor representation at origination.
-13-
-----------------------------------------------------------------------------------------------------------------------------------
DOCUMENTATION TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
INCOME DOCUMENTATION LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
Full Documentation 1,672 $ 279,306,075.89 55.86% 356 39.06 7.003 596 74.93
Stated Documentation 1,017 193,373,087.97 38.67 357 39.56 7.346 612 82.71
Limited Documentation 136 27,319,948.12 5.46 357 34.64 7.032 602 79.01
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,825 $ 499,999,111.98 100.00% 357 39.01 7.137 603 78.16
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
PURPOSE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Refinance - Debt
Consolidation Cash Out** 1,884 $ 350,126,347.67 70.03% 356 39.26 7.063 597 75.86
Purchase 711 114,729,687.93 22.95 359 38.65 7.328 623 85.15
Refinance - Debt
Consolidation No Cash Out*** 230 35,143,076.38 7.03 354 37.71 7.250 598 78.30
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,825 $ 499,999,111.98 100.00% 357 39.01 7.137 603 78.16
-----------------------------------------------------------------------------------------------------------------------------------
** Cash proceeds to the borrower inclusive of debt consolidation
payments exceed 2% or $2,000 of the original principal balance of the
related loan. Also includes all home equity loans originated in Texas
with any cash proceeds.
*** Cash proceeds to the borrower inclusive of debt consolidation
payments do not exceed 2% or $2,000 of the original principal balance of
the related loan. Excludes home equity loans originated in Texas with
any cash proceeds.
-----------------------------------------------------------------------------------------------------------------------------------
CREDIT GRADE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RISK CATEGORY* LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
I 1,660 $ 287,790,052.48 57.56% 357 38.58 6.779 627 81.18
II 218 39,381,134.66 7.88 357 38.98 7.195 589 79.70
III 218 38,800,466.35 7.76 357 39.56 7.094 578 74.76
IV 145 26,899,550.77 5.38 356 39.97 7.393 570 75.02
V 236 42,049,809.17 8.41 358 39.50 7.715 562 70.85
VI 66 11,631,147.18 2.33 356 42.29 9.431 548 65.11
A 27 5,408,570.25 1.08 352 39.80 7.267 579 72.81
A- 23 4,575,752.32 0.92 359 40.35 7.678 547 69.19
A+ 89 16,802,761.28 3.36 356 36.71 7.415 585 75.29
B 43 8,544,822.79 1.71 359 41.42 7.903 552 77.24
C 60 10,401,791.33 2.08 359 40.96 8.677 534 71.29
C- 40 7,713,253.40 1.54 359 40.02 9.008 538 70.78
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,825 $ 499,999,111.98 100.00% 357 39.01 7.137 603 78.16
-----------------------------------------------------------------------------------------------------------------------------------
* Letters correspond to risk categories of Olympus Mortgage Company and
roman numerals correspond to risk categories of Argent Mortgage
Company, LLC.
-14-
-----------------------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
PROPERTY TYPE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Single Family Detached 1,897 $ 343,828,446.50 68.77% 357 39.01 7.124 598 77.34
PUD Detached 277 53,406,424.42 10.68 356 39.81 7.108 601 79.04
Two-to Four-Family 207 45,700,750.13 9.14 357 38.46 7.147 625 80.14
Condominium 168 26,757,373.32 5.35 357 39.17 7.301 614 82.87
Manufactured Housing 251 26,492,845.97 5.30 359 37.68 7.160 618 78.38
PUD Attached 18 2,863,424.33 0.57 359 43.86 7.305 605 83.81
Single Family Attached 7 949,847.31 0.19 359 40.21 7.224 600 76.21
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,825 $ 499,999,111.98 100.00% 357 39.01 7.137 603 78.16
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
ORIGINATION (MOS.) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
0 813 $ 135,685,998.71 27.14% 357 38.36 7.325 602 80.07
12 91 22,876,650.68 4.58 359 39.27 7.272 610 77.91
24 1,064 194,544,987.55 38.91 358 39.15 7.286 585 77.72
36 857 146,891,475.04 29.38 354 39.40 6.747 626 77.02
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,825 $ 499,999,111.98 100.00% 357 39.01 7.137 603 78.16
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
CONFORMING BALANCE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Conforming 2,646 $ 423,342,347.73 84.67% 356 39.11 7.252 598 78.25
Non-Conforming 179 76,656,764.25 15.33 359 38.47 6.504 626 77.64
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,825 $ 499,999,111.98 100.00% 357 39.01 7.137 603 78.16
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF MAXIMUM MORTGAGE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 34 $ 7,929,652.04 1.98% 356 39.76 5.320 647 78.28
11.500 - 11.999 178 40,268,417.15 10.07 358 39.29 5.780 619 76.39
12.000 - 12.499 258 53,264,167.10 13.32 358 39.11 6.248 611 76.91
12.500 - 12.999 459 86,737,788.04 21.68 358 38.73 6.736 606 79.33
13.000 - 13.499 353 58,843,109.20 14.71 358 39.67 7.232 588 79.87
13.500 - 13.999 375 62,692,846.24 15.67 358 37.60 7.734 583 80.60
14.000 - 14.499 248 38,479,144.08 9.62 359 39.78 8.218 575 81.10
14.500 - 14.999 195 28,136,469.50 7.03 359 39.49 8.699 555 78.79
15.000 - 15.499 67 9,743,085.91 2.44 359 38.72 9.219 542 75.87
15.500 - 15.999 38 5,745,988.87 1.44 359 41.96 9.712 537 72.25
16.000 - 16.499 21 2,831,385.18 0.71 359 43.05 10.192 525 68.16
16.500 - 16.999 21 3,296,790.34 0.82 354 42.41 10.657 528 63.60
17.000 - 17.499 9 1,319,507.37 0.33 358 41.49 11.188 535 62.54
17.500 - 17.999 5 711,532.56 0.18 359 37.68 11.738 515 61.59
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,261 $ 399,999,883.58 100.00% 358 39.09 7.240 592 78.62
-----------------------------------------------------------------------------------------------------------------------------------
-15-
-----------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF MINIMUM MORTGAGE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 34 $ 7,929,652.04 1.98% 356 39.76 5.320 647 78.28
5.500 - 5.999 178 40,268,417.15 10.07 358 39.29 5.780 619 76.39
6.000 - 6.499 258 53,264,167.10 13.32 358 39.11 6.248 611 76.91
6.500 - 6.999 459 86,737,788.04 21.68 358 38.73 6.736 606 79.33
7.000 - 7.499 353 58,843,109.20 14.71 358 39.67 7.232 588 79.87
7.500 - 7.999 375 62,692,846.24 15.67 358 37.60 7.734 583 80.60
8.000 - 8.499 248 38,479,144.08 9.62 359 39.78 8.218 575 81.10
8.500 - 8.999 195 28,136,469.50 7.03 359 39.49 8.699 555 78.79
9.000 - 9.499 67 9,743,085.91 2.44 359 38.72 9.219 542 75.87
9.500 - 9.999 38 5,745,988.87 1.44 359 41.96 9.712 537 72.25
10.000 - 10.499 21 2,831,385.18 0.71 359 43.05 10.192 525 68.16
10.500 - 10.999 21 3,296,790.34 0.82 354 42.41 10.657 528 63.60
11.000 - 11.499 9 1,319,507.37 0.33 358 41.49 11.188 535 62.54
11.500 - 11.999 5 711,532.56 0.18 359 37.68 11.738 515 61.59
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,261 $ 399,999,883.58 100.00% 358 39.09 7.240 592 78.62
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RANGE OF GROSS MARGINS (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 97 $ 16,111,764.54 4.03% 357 37.60 7.636 608 84.08
5.500 - 5.749 145 28,267,139.98 7.07 359 38.53 7.564 571 73.51
5.750 - 5.999 1 98,313.60 0.02 359 27.00 6.650 654 80.00
6.000 - 6.249 1,132 196,758,691.46 49.19 359 38.91 7.153 605 80.58
6.500 - 6.749 800 144,319,589.36 36.08 358 39.54 7.079 582 77.22
6.750 - 6.999 1 350,613.73 0.09 359 47.00 6.850 612 90.00
7.000 - 7.249 85 14,093,770.91 3.52 359 39.55 9.023 531 69.34
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,261 $ 399,999,883.58 100.00% 358 39.09 7.240 592 78.62
-----------------------------------------------------------------------------------------------------------------------------------
-16-
-----------------------------------------------------------------------------------------------------------------------------------
NEXT ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
NEXT ADJUSTMENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
DATE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
December 2005 21 $ 3,882,146.99 0.97% 354 37.56 7.550 572 75.92
January 2006 36 6,878,909.67 1.72 355 40.86 7.297 577 68.92
February 2006 40 5,953,270.84 1.49 356 37.00 7.438 611 87.17
March 2006 38 6,647,752.22 1.66 357 41.80 7.455 597 84.33
April 2006 235 44,099,996.31 11.03 358 39.53 7.109 569 74.38
May 2006 1,297 228,572,533.50 57.14 359 39.40 7.284 584 78.25
June 2006 22 2,393,800.00 0.60 360 39.21 8.205 598 79.11
December 2006 2 258,923.52 0.06 354 31.82 7.144 572 67.46
January 2007 4 545,927.72 0.14 355 45.22 7.742 574 74.93
February 2007 11 1,968,388.63 0.49 356 35.93 7.179 614 87.04
March 2007 14 3,432,067.32 0.86 357 41.66 7.115 624 89.34
April 2007 56 11,327,876.80 2.83 357 39.06 6.672 608 78.02
May 2007 471 82,797,260.06 20.70 359 37.81 7.184 622 81.19
June 2007 14 1,241,030.00 0.31 351 38.60 7.749 607 82.26
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,261 $ 399,999,883.58 100.00% 358 39.09 7.240 592 78.62
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
INITIAL PERIODIC MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
CAP (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2.000 2,261 $ 399,999,883.58 100.00% 358 39.09 7.240 592 78.62
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,261 $ 399,999,883.58 100.00% 358 39.09 7.240 592 78.62
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
PERIODIC MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
CAP (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
1.000 2,261 $ 399,999,883.58 100.00% 358 39.09 7.240 592 78.62
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,261 $ 399,999,883.58 100.00% 358 39.09 7.240 592 78.62
-----------------------------------------------------------------------------------------------------------------------------------
-17-
GROUP I MORTGAGE LOAN STATISTICS
The Group I Mortgage Loans consist of 2,426 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $393,026,292.10, after application of scheduled
payments due on or before the Cut-off Date whether or not received and
application of all unscheduled payments of principal received prior to the
Cut-off Date, and subject to a permitted variance of plus or minus 5%. None of
the Group I Mortgage Loans had a first Due Date prior to January 2004 or after
July 2004, or will have a remaining term to stated maturity of less than 174
months or greater than 360 months as of the Cut-off Date. The latest maturity
date of any Group I Mortgage Loans is June 2034.
-18-
-----------------------------------------------------------------------------------------------------------------------------------
COLLATERAL TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2-yr Fixed / Adjustable-Rate 1,424 $231,392,110.64 58.87% 358 39.42 7.249 583 77.59
3-yr Fixed / Adjustable-Rate 496 83,455,296.18 21.23 358 37.91 7.074 620 80.72
Fixed Rate 506 78,178,885.28 19.89 348 39.09 6.912 635 76.9
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,426 $393,026,292.10 100.00% 356 39.03 7.145 601 78.12
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
PRINCIPAL BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME COUPON OLTV
AT ORIGINATION ($) LOANS ORIGINATION THE CUT-OFF DATE (MONTHS)* (%)* (%)* FICO* (%)*
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 605 $ 48,320,200.00 12.28% 350 36.54 7.520 601 77.31
100,000.01 - 150,000.00 629 78,379,037.00 19.92 356 37.88 7.251 605 78.24
150,000.01 - 200,000.00 533 92,963,291.00 23.62 357 39.13 7.252 596 77.78
200,000.01 - 250,000.00 296 66,184,100.00 16.82 358 39.13 7.047 592 76.80
250,000.01 - 300,000.00 222 60,637,215.00 15.41 358 41.02 7.041 598 78.95
300,000.01 - 350,000.00 113 35,889,050.00 9.12 358 40.54 6.561 616 79.75
350,000.01 - 400,000.00 19 7,223,310.00 1.84 359 38.34 6.811 636 82.59
400,000.01 - 450,000.00 6 2,474,700.00 0.63 358 43.48 6.770 670 84.08
450,000.01 - 500,000.00 3 1,452,000.00 0.37 359 49.56 7.608 540 72.71
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,426 $ 393,522,903.00 100.00% 356 39.03 7.145 601 78.12
-----------------------------------------------------------------------------------------------------------------------------------
*Based on the original balances of the Mortgage Loans.
-19-
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF PRINCIPAL BALANCES NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
AS OF THE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
CUT-OFF DATE ($) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 608 $ 48,552,312.92 12.35% 349 36.57 7.519 602 77.28
100,000.01 - 150,000.00 626 77,988,434.47 19.84 356 37.87 7.251 605 78.26
150,000.01 - 200,000.00 534 93,047,401.67 23.67 357 39.10 7.249 596 77.78
200,000.01 - 250,000.00 295 65,903,498.56 16.77 358 39.17 7.051 592 76.81
250,000.01 - 300,000.00 227 62,060,993.12 15.79 358 41.00 7.016 599 78.87
300,000.01 - 350,000.00 108 34,338,005.42 8.74 358 40.55 6.585 615 79.93
350,000.01 - 400,000.00 19 7,214,533.55 1.84 359 38.34 6.811 636 82.59
400,000.01 - 450,000.00 6 2,470,167.90 0.63 358 43.47 6.770 670 84.08
450,000.01 - 500,000.00 3 1,450,944.49 0.37 359 49.56 7.608 540 72.71
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,426 $393,026,292.10 100.00% 356 39.03% 7.145 601 78.12
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
REMAINING TERM TO MATURITY
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RANGE OF MONTHS REMAINING LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
121 - 180 32 $ 3,211,927.56 0.82% 178 37.51 7.108 631 69.38
181 - 240 23 2,782,720.35 0.71 239 35.55 6.635 627 77.63
301 - 360 2,371 387,031,644.19 98.47 359 39.07 7.149 601 78.19
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,426 $ 393,026,292.10 100.00% 356 39.03 7.145 601 78.12
-----------------------------------------------------------------------------------------------------------------------------------
-20-
-----------------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF CURRENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 70 $ 15,019,676.20 3.82% 357 38.33 5.308 690 69.89
5.500 - 5.999 214 41,187,822.36 10.48 356 39.65 5.757 631 75.39
6.000 - 6.499 278 50,776,802.20 12.92 354 38.69 6.241 613 75.60
6.500 - 6.999 513 83,770,514.09 21.31 356 39.07 6.739 612 79.23
7.000 - 7.499 402 61,836,326.94 15.73 358 39.19 7.232 591 78.95
7.500 - 7.999 433 65,587,156.04 16.69 357 38.17 7.731 592 81.61
8.000 - 8.499 225 33,177,451.09 8.44 355 39.36 8.208 581 81.08
8.500 - 8.999 164 23,790,795.04 6.05 356 39.46 8.703 554 78.81
9.000 - 9.499 53 7,231,390.11 1.84 359 38.84 9.207 547 75.60
9.500 - 9.999 29 4,501,673.59 1.15 359 43.17 9.690 538 73.12
10.000 - 10.499 15 1,641,060.71 0.42 359 40.44 10.228 526 68.65
10.500 - 10.999 18 2,720,403.03 0.69 354 40.66 10.679 524 62.80
11.000 - 11.499 8 1,178,553.44 0.30 358 40.23 11.163 530 63.60
11.500 - 11.999 4 606,667.26 0.15 359 38.67 11.770 515 61.87
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,426 $ 393,026,292.10 100.00% 356 39.03 7.145 601 78.12
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF ORIGINAL MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
LOAN-TO-VALUE RATIOS (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Less than 25.00 7 $ 716,246.17 0.18% 359 45.90 6.590 643 22.06
25.01 - 30.00 10 1,184,014.75 0.30 359 42.73 6.505 660 27.45
30.01 - 35.00 14 1,929,043.13 0.49 353 41.27 6.825 605 32.95
35.01 - 40.00 13 1,696,013.02 0.43 335 39.66 6.648 649 38.18
40.01 - 45.00 24 3,468,492.47 0.88 344 38.77 6.490 629 43.23
45.01 - 50.00 35 5,476,276.02 1.39 345 34.74 6.400 637 47.83
50.01 - 55.00 35 5,073,765.43 1.29 355 38.94 6.974 596 53.01
55.01 - 60.00 76 12,628,875.35 3.21 356 39.17 7.349 583 58.53
60.01 - 65.00 131 21,943,313.90 5.58 357 37.87 7.346 573 63.48
65.01 - 70.00 184 31,118,854.56 7.92 356 40.13 7.440 567 68.86
70.01 - 75.00 320 52,984,123.72 13.48 357 39.55 7.330 567 74.19
75.01 - 80.00 497 77,622,981.70 19.75 357 39.14 7.036 594 79.36
80.01 - 85.00 579 96,401,402.13 24.53 358 38.73 6.828 609 84.26
85.01 - 90.00 355 56,668,710.64 14.42 357 38.42 7.369 634 89.54
90.01 - 95.00 146 24,114,179.11 6.14 353 40.20 7.571 651 94.66
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,426 $ 393,026,292.10 100.00% 356 39.03 7.145 601 78.12
-----------------------------------------------------------------------------------------------------------------------------------
-21-
-----------------------------------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RANGE OF FICO SCORES LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
500 - 519 176 $ 29,559,716.23 7.52% 358 43.04 8.270 510 72.12
520 - 539 227 36,627,992.34 9.32 356 40.19 7.866 530 72.06
540 - 559 292 46,601,626.41 11.86 357 39.89 7.466 551 75.77
560 - 579 271 44,791,418.79 11.40 358 39.35 7.355 569 77.24
580 - 599 304 47,841,879.92 12.17 358 38.91 7.001 589 78.37
600 - 619 291 46,257,385.16 11.77 355 39.27 6.905 608 79.45
620 - 639 281 46,459,368.06 11.82 354 39.33 6.791 629 82.25
640 - 659 186 28,998,666.89 7.38 356 37.03 6.798 650 83.08
660 - 679 142 23,780,948.97 6.05 356 36.94 6.694 670 81.79
680 - 699 89 15,281,110.18 3.89 357 37.71 6.650 688 83.27
700 - 719 59 9,069,904.15 2.31 353 34.27 6.592 709 81.94
720 - 739 43 6,335,965.29 1.61 353 37.93 6.609 730 82.38
740 - 759 33 5,656,355.96 1.44 351 35.04 6.223 750 77.45
760 - 779 19 3,487,981.31 0.89 356 32.37 5.898 772 67.86
780 - 799 10 1,638,505.55 0.42 359 30.34 5.874 789 61.50
800 - 819 3 637,466.89 0.16 359 46.88 5.368 801 41.16
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,426 $ 393,026,292.10 100.00% 356 39.03 7.145 601 78.12
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF DEBT-TO-INCOME MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RATIOS (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Less than 20.00 145 $ 20,843,981.85 5.30% 356 14.69 7.041 625 76.95
20.01 - 25.00 135 18,017,211.62 4.58 355 23.09 7.167 620 77.07
25.01 - 30.00 211 30,715,268.24 7.82 357 27.95 7.112 608 77.34
30.01 - 35.00 350 56,234,324.72 14.31 354 33.21 7.168 603 78.31
35.01 - 40.00 411 67,474,265.91 17.17 356 38.07 7.139 603 78.21
40.01 - 45.00 475 80,055,487.68 20.37 357 43.11 7.157 599 79.00
45.01 - 50.00 581 97,884,258.73 24.91 357 48.10 7.137 596 80.38
50.01 - 55.00 118 21,801,493.35 5.55 357 53.43 7.223 571 67.06
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,426 $ 393,026,292.10 100.00% 356 39.03 7.145 601 78.12
-----------------------------------------------------------------------------------------------------------------------------------
-22-
-----------------------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
STATE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
California 640 $ 131,963,991.80 33.58% 357 40.09 6.974 589 73.13
Florida 355 48,307,076.35 12.29 355 39.72 7.217 613 82.89
Illinois 216 35,990,918.71 9.16 357 37.68 7.273 617 82.08
New York 106 26,160,982.35 6.66 359 40.67 7.057 603 76.45
Texas 124 13,712,025.41 3.49 347 37.17 7.443 586 78.52
Arizona 102 12,817,337.06 3.26 355 39.61 7.154 604 80.78
Nevada 75 12,404,489.93 3.16 359 40.95 7.061 603 79.05
Maryland 74 12,246,530.75 3.12 357 39.18 7.214 586 79.32
Washington 60 8,593,396.01 2.19 358 37.41 7.075 601 79.65
Massachusetts 36 7,309,051.47 1.86 351 36.61 7.005 611 75.45
Georgia 46 6,914,216.91 1.76 358 35.73 7.455 592 81.70
Michigan 64 6,653,253.48 1.69 359 38.17 7.646 592 80.46
Minnesota 36 6,189,827.74 1.57 359 37.76 6.882 629 82.81
Oregon 38 5,489,603.84 1.40 359 39.24 7.225 617 80.87
New Jersey 22 4,650,900.98 1.18 355 33.87 7.253 621 81.35
Connecticut 26 4,444,969.57 1.13 359 36.87 6.967 642 78.59
Colorado 22 3,985,742.85 1.01 359 40.45 6.829 617 83.00
Ohio 45 3,961,596.38 1.01 352 34.80 7.621 610 85.46
Arkansas 18 3,771,181.24 0.96 359 40.70 7.434 578 80.15
North Carolina 35 3,749,888.93 0.95 359 33.37 7.331 621 83.61
Other 286 33,709,310.34 8.58 355 37.65 7.384 604 80.83
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,426 $ 393,026,292.10 100.00% 356 39.03 7.145 601 78.12
-----------------------------------------------------------------------------------------------------------------------------------
-23-
-----------------------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
OCCUPANCY STATUS* LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 2,125 $ 351,315,058.95 89.39% 356 39.75 7.107 596 77.78
Non-Owner Occupied 278 38,380,686.07 9.77 356 32.30 7.505 645 80.88
Second Home 23 3,330,547.08 0.85 354 40.65 6.971 639 82.13
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,426 $ 393,026,292.10 100.00% 356 39.03 7.145 601 78.12
-----------------------------------------------------------------------------------------------------------------------------------
*Based on mortgagor representation at origination.
-----------------------------------------------------------------------------------------------------------------------------------
DOCUMENTATION TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
INCOME DOCUMENTATION LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Full Documentation 1,481 $ 229,672,434.91 58.44% 356 39.22 7.022 592 75.13
Stated Documentation 836 144,851,265.35 36.86 357 39.25 7.356 614 82.72
Limited Documentation 109 18,502,591.84 4.71 356 35.02 7.013 607 79.20
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,426 $ 393,026,292.10 100.00% 356 39.03 7.145 601 78.12
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
PURPOSE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Refinance-Debt
Consolidation Cash Out** 1,629 $ 275,516,091.89 70.10% 356 39.30 7.086 593 75.81
Purchase 597 88,573,511.50 22.54 359 38.36 7.317 626 85.30
Refinance-Debt
Consolidation No Cash Out*** 200 28,936,688.71 7.36 354 38.54 7.180 601 78.15
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,426 $ 393,026,292.10 100.00% 356 39.03 7.145 601 78.12
-----------------------------------------------------------------------------------------------------------------------------------
** Cash proceeds to the borrower inclusive of debt consolidation
payments exceed 2% or $2,000 of the original principal balance of the
related loan. Also includes all home equity loans originated in Texas
with any cash proceeds.
*** Cash proceeds to the borrower inclusive of debt consolidation
payments do not exceed 2% or $2,000 of the original principal balance of
the related loan. Excludes home equity loans originated in Texas with
any cash proceeds.
-24-
-----------------------------------------------------------------------------------------------------------------------------------
CREDIT GRADE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RISK CATEGORY* LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
I 1,449 $ 224,890,908.49 57.22% 356 38.64 6.831 623 81.34
II 189 31,981,521.83 8.14 357 38.57 7.141 588 79.13
III 191 31,154,806.13 7.93 356 38.84 7.109 580 74.42
IV 120 21,730,719.86 5.53 356 39.50 7.275 572 73.57
V 194 32,285,260.40 8.21 357 39.75 7.630 570 71.19
VI 48 7,970,380.75 2.03 356 41.14 9.333 546 65.57
A 24 4,856,194.46 1.24 351 39.64 7.106 586 72.99
A- 19 3,496,584.00 0.89 359 41.86 7.780 547 68.87
A+ 74 12,723,699.79 3.24 355 39.03 7.390 579 74.83
B 34 6,551,783.12 1.67 359 42.98 7.989 551 76.93
C 50 8,946,236.18 2.28 359 41.43 8.620 534 71.11
C- 34 6,438,197.09 1.64 359 38.90 9.009 541 70.52
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,426 $ 393,026,292.10 100.00% 356 39.03 7.145 601 78.12
-----------------------------------------------------------------------------------------------------------------------------------
* Letters correspond to risk categories of Olympus Mortgage Company and
roman numerals correspond to risk categories of Argent Mortgage Company, LLC.
-----------------------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
PROPERTY TYPE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Single Family Detached 1,606 $ 263,840,688.82 67.13% 356 39.03 7.158 594 77.25
Two-to Four-Family 182 39,445,996.98 10.04 357 38.43 7.092 626 79.98
PUD Detached 225 38,016,000.04 9.67 355 40.19 7.041 600 78.76
Manufactured Housing 236 24,735,867.05 6.29 359 37.58 7.100 621 78.40
Condominium 153 23,673,537.51 6.02 357 39.33 7.270 618 82.96
PUD Attached 17 2,364,354.39 0.60 359 42.56 7.422 597 82.50
Single Family Attached 7 949,847.31 0.24 359 40.21 7.224 600 76.21
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,426 $ 393,026,292.10 100.00% 356 39.03 7.145 601 78.12
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
ORIGINATION (MOS.) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
0 713 $ 112,723,176.38 28.68% 356 38.03 7.227 603 79.57
12 76 17,483,839.67 4.45 359 39.83 7.427 606 77.65
24 889 147,983,737.27 37.65 358 39.42 7.286 584 77.53
36 748 114,835,538.78 29.22 353 39.40 6.840 620 77.53
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,426 $ 393,026,292.10 100.00% 356 39.03 7.145 601 78.12
-----------------------------------------------------------------------------------------------------------------------------------
-25-
-----------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
CONFORMING BALANCE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Conforming 2,426 $ 393,026,292.10 100.00% 356 39.03 7.145 601 78.12
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,426 $ 393,026,292.10 100.00% 356 39.03 7.145 601 78.12
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF MAXIMUM MORTGAGE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 30 $ 6,430,594.63 2.04% 356 39.07 5.315 648 77.60
11.500 - 11.999 155 30,702,708.94 9.75 359 39.80 5.777 619 76.13
12.000 - 12.499 229 41,787,148.85 13.27 358 38.46 6.242 610 76.25
12.500 - 12.999 419 69,033,082.54 21.93 358 39.15 6.737 607 79.05
13.000 - 13.499 331 51,121,881.47 16.24 358 39.30 7.228 586 79.41
13.500 - 13.999 349 54,772,277.56 17.40 358 37.90 7.738 586 81.41
14.000 - 14.499 171 26,124,062.91 8.30 359 38.87 8.210 577 80.33
14.500 - 14.999 129 19,735,546.75 6.27 359 40.20 8.701 550 77.88
15.000 - 15.499 37 5,363,059.13 1.70 359 38.92 9.215 542 74.84
15.500 - 15.999 25 3,630,359.60 1.15 359 41.93 9.722 535 71.43
16.000 - 16.499 15 1,641,060.71 0.52 359 40.44 10.228 526 68.65
16.500 - 16.999 18 2,720,403.03 0.86 354 40.66 10.679 524 62.80
17.000 - 17.499 8 1,178,553.44 0.37 358 40.23 11.163 530 63.60
17.500 - 17.999 4 606,667.26 0.19 359 38.67 11.770 515 61.87
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,920 $ 314,847,406.82 100.00% 358 39.02 7.203 593 78.42
-----------------------------------------------------------------------------------------------------------------------------------
-26-
-----------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF MINIMUM MORTGAGE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 30 $ 6,430,594.63 2.04% 356 39.07 5.315 648 77.60
5.500 - 5.999 155 30,702,708.94 9.75 359 39.80 5.777 619 76.13
6.000 - 6.499 229 41,787,148.85 13.27 358 38.46 6.242 610 76.25
6.500 - 6.999 419 69,033,082.54 21.93 358 39.15 6.737 607 79.05
7.000 - 7.499 331 51,121,881.47 16.24 358 39.30 7.228 586 79.41
7.500 - 7.999 349 54,772,277.56 17.40 358 37.90 7.738 586 81.41
8.000 - 8.499 171 26,124,062.91 8.30 359 38.87 8.210 577 80.33
8.500 - 8.999 129 19,735,546.75 6.27 359 40.20 8.701 550 77.88
9.000 - 9.499 37 5,363,059.13 1.70 359 38.92 9.215 542 74.84
9.500 - 9.999 25 3,630,359.60 1.15 359 41.93 9.722 535 71.43
10.000 - 10.499 15 1,641,060.71 0.52 359 40.44 10.228 526 68.65
10.500 - 10.999 18 2,720,403.03 0.86 354 40.66 10.679 524 62.80
11.000 - 11.499 8 1,178,553.44 0.37 358 40.23 11.163 530 63.60
11.500 - 11.999 4 606,667.26 0.19 359 38.67 11.770 515 61.87
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,920 $ 314,847,406.82 100.00% 358 39.02 7.203 593 78.42
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RANGE OF GROSS MARGINS (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 79 $ 11,916,420.23 3.78% 357 37.89 7.568 610 82.86
5.500 - 5.749 123 22,449,641.32 7.13 359 40.24 7.552 568 73.27
5.750 - 5.999 1 98,313.60 0.03 359 27.00 6.650 654 80.00
6.000 - 6.249 952 152,224,105.73 48.35 358 38.53 7.088 606 80.53
6.500 - 6.749 696 116,457,098.65 36.99 358 39.53 7.071 584 77.15
7.000 - 7.249 69 11,701,827.29 3.72 359 39.25 8.974 531 68.91
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,920 $ 314,847,406.82 100.00% 358 39.02 7.203 593 78.42
-----------------------------------------------------------------------------------------------------------------------------------
-27-
-----------------------------------------------------------------------------------------------------------------------------------
NEXT ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
NEXT ADJUSTMENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
DATE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
December 2005 16 $ 2,784,014.57 0.88% 354 38.53 7.361 581 78.83
January 2006 33 6,008,183.44 1.91 355 40.41 7.301 575 68.20
February 2006 33 4,454,915.55 1.41 356 37.61 7.561 609 86.20
March 2006 34 5,335,481.87 1.69 357 41.24 7.344 596 83.36
April 2006 207 36,038,101.87 11.45 357 39.39 7.123 568 74.88
May 2006 1,083 174,804,213.34 55.52 359 39.40 7.252 584 78.04
June 2006 18 1,967,200.00 0.62 360 39.01 8.101 600 79.18
December 2006 2 258,923.52 0.08 354 31.82 7.144 572 67.46
January 2007 3 455,820.83 0.14 355 47.43 7.641 576 73.93
February 2007 8 1,131,779.57 0.36 356 33.62 6.908 601 86.14
March 2007 12 2,662,584.95 0.85 357 41.02 7.229 645 89.52
April 2007 51 9,889,013.33 3.14 357 38.96 6.631 606 77.35
May 2007 406 67,816,143.98 21.54 359 37.66 7.119 623 80.84
June 2007 14 1,241,030.00 0.39 351 38.60 7.749 607 82.26
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,920 $ 314,847,406.82 100.00% 358 39.02 7.203 593 78.42
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
INITIAL PERIODIC MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
CAP (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2.000 1,920 $ 314,847,406.82 100.00% 358 39.02 7.203 593 78.42
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,920 $ 314,847,406.82 100.00% 358 39.02 7.203 593 78.42
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
PERIODIC MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
CAP (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
1.000 1,920 $ 314,847,406.82 100.00% 358 39.02 7.203 593 78.42
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,920 $ 314,847,406.82 100.00% 358 39.02 7.203 593 78.42
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II MORTGAGE LOAN STATISTICS
The Group II Mortgage Loans consist of 399 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $106,972,819.88, after application of scheduled
payments due on or before the Cut-off Date whether or not received and
application of all unscheduled payments of principal received prior to the
Cut-off Date, and subject to a permitted variance of plus or minus 5%. None of
the Group II Mortgage Loans had a first Due Date prior to January 2004 or after
July 2004, or will have a remaining term to stated maturity of less than 239
months or greater than 360 months as of the Cut-off Date. The latest maturity
date of any Group II Mortgage Loans is June 2034.
-28-
-----------------------------------------------------------------------------------------------------------------------------------
COLLATERAL TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2-yr Fixed / Adjustable-Rate 265 $ 67,036,298.89 62.67% 359 39.47 7.370 581 78.31
3-yr Fixed / Adjustable-Rate 76 18,116,177.87 16.94 359 38.83 7.410 617 83.24
Fixed Rate 58 21,820,343.12 20.40 358 37.34 6.057 686 74.25
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 399 $ 106,972,819.88 100.00% 358 38.93 7.109 609 78.32
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
PRINCIPAL BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME COUPON OLTV
AT ORIGINATION ($) LOANS ORIGINATION THE CUT-OFF DATE (MONTHS)* (%)* (%)* FICO* (%)*
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 73 $ 5,718,340.00 5.34% 359 36.29 8.757 573 82.01
100,000.01 - 150,000.00 73 8,822,355.00 8.24 357 39.21 8.663 559 77.86
150,000.01 - 200,000.00 43 7,612,541.00 7.11 359 40.92 8.747 562 81.02
200,000.01 - 250,000.00 12 2,700,805.00 2.52 359 38.15 8.631 571 79.13
250,000.01 - 300,000.00 14 3,828,927.00 3.58 358 44.08 8.608 551 79.63
300,000.01 - 350,000.00 25 8,505,650.00 7.94 359 38.28 6.818 605 78.82
350,000.01 - 400,000.00 62 23,167,999.00 21.63 359 41.72 6.602 621 79.41
400,000.01 - 450,000.00 33 14,046,850.00 13.12 358 35.86 6.201 650 78.66
450,000.01 - 500,000.00 52 24,987,480.00 23.33 359 40.83 6.654 609 75.54
500,000.01 - 550,000.00 7 3,720,900.00 3.47 358 31.08 6.135 681 84.11
550,000.01 - 600,000.00 1 590,000.00 0.55 359 20.00 5.250 746 42.14
600,000.01 - 650,000.00 3 1,902,400.00 1.78 358 33.22 6.107 643 75.67
Greater than 1,000,000.00 1 1,495,000.00 1.40 359 17.00 6.750 651 74.94
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 399 $ 107,099,247.00 100.00% 358 38.93 7.109 609 78.32
-----------------------------------------------------------------------------------------------------------------------------------
*Based on the original balances of the Mortgage Loans.
-29-
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AS OF THE CUT-OFF DATE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF PRINCIPAL BALANCES NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
AS OF THE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
CUT-OFF DATE ($) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 73 $ 5,714,111.30 5.34% 359 36.29 8.757 573 82.01
100,000.01 - 150,000.00 73 8,814,962.33 8.24 357 39.20 8.663 559 77.86
150,000.01 - 200,000.00 43 7,606,384.16 7.11 359 40.92 8.747 562 81.02
200,000.01 - 250,000.00 12 2,697,285.22 2.52 359 38.15 8.631 571 79.14
250,000.01 - 300,000.00 14 3,824,907.20 3.58 358 44.08 8.608 551 79.63
300,000.01 - 350,000.00 26 8,844,578.79 8.27 358 38.66 6.863 604 79.26
350,000.01 - 400,000.00 61 22,793,237.90 21.31 359 41.62 6.582 622 79.25
400,000.01 - 450,000.00 33 14,024,702.58 13.11 358 35.86 6.202 650 78.66
450,000.01 - 500,000.00 53 25,455,056.89 23.80 359 40.93 6.659 610 75.82
500,000.01 - 550,000.00 6 3,216,061.86 3.01 359 28.76 6.016 681 83.2
550,000.01 - 600,000.00 1 589,323.24 0.55 359 20.00 5.250 746 42.14
600,000.01 - 650,000.00 3 1,898,495.58 1.77 358 33.22 6.107 643 75.67
Greater than 1,000,000.00 1 1,493,712.83 1.40 359 17.00 6.750 651 74.94
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 399 $ 106,972,819.88 100.00% 358 38.93 7.109 609 78.32
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
REMAINING TERM TO MATURITY
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RANGE OF MONTHS REMAINING LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
180 - 240 1 $ 108,882.96 0.10% 239 55.00 11.550 643 32.64
300 - 360 398 106,863,936.92 99.90 359 38.91 7.104 609 78.36
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 399 $106,972,819.88 100.00% 358 38.93 7.109 609 78.32
-----------------------------------------------------------------------------------------------------------------------------------
-30-
-----------------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF CURRENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 21 $ 9,255,661.67 8.65% 359 34.62 5.282 724 66.07
5.500 - 5.999 44 18,088,153.34 16.91 359 38.47 5.734 650 77.64
6.000 - 6.499 32 12,941,553.54 12.10 359 41.24 6.272 619 79.37
6.500 - 6.999 41 18,203,843.25 17.02 359 37.33 6.737 605 80.71
7.000 - 7.499 24 8,416,890.62 7.87 359 41.38 7.246 609 83.54
7.500 - 7.999 28 8,665,625.55 8.10 359 35.96 7.696 569 76.45
8.000 - 8.499 79 13,182,181.40 12.32 359 41.91 8.230 568 82.81
8.500 - 8.999 67 8,775,550.30 8.20 359 38.10 8.689 566 81.29
9.000 - 9.499 31 4,527,204.22 4.23 359 37.84 9.219 543 76.80
9.500 - 9.999 17 2,537,971.71 2.37 358 41.48 9.711 542 76.22
10.000 - 10.499 6 1,190,324.47 1.11 359 46.66 10.143 524 67.48
10.500 - 10.999 4 639,339.14 0.60 358 49.46 10.571 544 68.07
11.000 - 11.499 1 140,953.93 0.13 359 52.00 11.400 581 53.61
11.500 - 11.999 3 318,717.87 0.30 317 47.10 11.682 569 50.65
12.000 - 12.499 1 88,848.87 0.08 358 18.00 12.000 551 70.00
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 399 $ 106,972,819.88 100.00% 358 38.93 7.109 609 78.32
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF ORIGINAL MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
LOAN-TO-VALUE RATIOS (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
25.01 - 30.00 1 $ 498,300.41 0.47% 358 36.00 7.800 524 28.51
30.01 - 35.00 1 108,882.96 0.10 239 55.00 11.55 643 32.64
35.01 - 40.00 2 832,656.77 0.78 359 37.92 5.326 741 36.67
40.01 - 45.00 3 1,492,823.90 1.40 359 26.96 5.267 760 43.49
45.01 - 50.00 2 818,598.69 0.77 358 39.88 5.384 755 48.24
50.01 - 55.00 7 1,889,666.02 1.77 358 28.33 6.693 705 53.17
55.01 - 60.00 8 1,236,067.05 1.16 357 39.60 9.096 543 59.02
60.01 - 65.00 21 6,089,727.49 5.69 358 35.96 7.224 580 62.65
65.01 - 70.00 37 9,931,197.00 9.28 359 42.22 7.607 570 68.67
70.01 - 75.00 55 13,795,963.55 12.90 359 37.77 7.401 566 74.36
75.01 - 80.00 73 19,176,362.11 17.93 359 38.11 7.001 587 79.63
80.01 - 85.00 92 29,110,670.86 27.21 359 39.61 6.593 632 83.82
85.01 - 90.00 73 17,285,043.52 16.16 358 39.56 7.462 620 89.61
90.01 - 95.00 24 4,706,859.55 4.40 359 43.77 8.055 641 94.87
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 399 $ 106,972,819.88 100.00% 358 38.93 7.109 609 78.32
-----------------------------------------------------------------------------------------------------------------------------------
-31-
-----------------------------------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RANGE OF FICO SCORES LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
500 - 519 43 $ 7,461,456.60 6.98% 359 42.51 8.617 509 72.79
520 - 539 55 13,321,800.15 12.45 359 39.00 7.992 530 71.73
540 - 559 54 11,486,459.57 10.74 358 40.34 7.823 550 78.20
560 - 579 52 11,073,982.70 10.35 359 41.69 7.682 569 79.70
580 - 599 44 11,206,682.92 10.48 358 39.10 7.161 590 81.86
600 - 619 33 9,238,468.66 8.64 359 43.17 6.971 610 84.23
620 - 639 35 10,784,972.62 10.08 359 40.26 6.597 629 82.16
640 - 659 22 8,397,839.72 7.85 357 33.81 6.507 648 80.13
660 - 679 17 5,967,107.13 5.58 359 35.48 6.374 671 84.40
680 - 699 11 4,842,670.69 4.53 359 32.49 6.132 688 86.55
700 - 719 8 2,832,023.81 2.65 359 43.57 6.328 706 86.38
720 - 739 9 3,259,391.71 3.05 359 35.11 5.926 727 72.78
740 - 759 4 2,045,204.07 1.91 359 32.77 5.679 748 63.84
760 - 779 9 3,724,751.27 3.48 359 37.26 5.545 771 59.21
780 - 799 3 1,330,008.26 1.24 359 25.90 5.330 786 66.25
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 399 $ 106,972,819.88 100.00% 358 38.93 7.109 609 78.32
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF DEBT-TO-INCOME MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RATIOS (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Less than 20.00 23 $ 8,138,274.76 7.61% 359 13.97 6.760 650 74.11
20.01 - 25.00 22 6,513,675.34 6.09 358 22.90 6.649 625 69.71
25.01 - 30.00 31 5,632,686.24 5.27 359 28.21 7.720 599 74.56
30.01 - 35.00 55 13,668,706.80 12.78 359 33.15 6.862 622 80.53
35.01 - 40.00 64 17,117,834.96 16.00 359 38.36 7.106 603 78.57
40.01 - 45.00 66 17,969,914.10 16.80 359 42.83 6.972 626 81.82
45.01 - 50.00 109 30,569,097.23 28.58 359 48.15 7.203 599 81.10
50.01 - 55.00 29 7,362,630.45 6.88 357 53.10 7.842 545 68.67
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 399 $ 106,972,819.88 100.00% 358 38.93 7.109 609 78.32
-----------------------------------------------------------------------------------------------------------------------------------
-32-
-----------------------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
STATE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
California 132 $ 52,245,953.85 48.84% 359 38.45 6.324 630 76.06
Florida 41 8,330,910.90 7.79 357 40.02 7.757 591 80.25
New York 22 7,457,965.23 6.97 358 42.46 7.385 601 80.06
Illinois 32 6,659,456.72 6.23 359 40.77 7.939 630 87.86
Texas 19 3,522,597.52 3.29 359 30.49 7.854 603 80.72
Massachusetts 10 2,990,764.58 2.80 359 44.32 7.563 590 76.47
Nevada 10 2,888,783.58 2.70 359 38.12 7.562 604 82.50
Michigan 17 2,511,410.05 2.35 359 41.52 7.979 560 77.98
Arizona 14 2,445,182.07 2.29 359 38.36 8.066 551 71.42
Colorado 8 2,113,441.11 1.98 358 37.30 7.537 574 82.39
Georgia 9 2,102,687.90 1.97 358 35.00 8.069 595 82.97
Connecticut 8 1,945,273.87 1.82 357 37.97 7.606 549 72.58
Maryland 5 1,098,784.53 1.03 359 48.38 8.219 609 85.93
New Jersey 3 1,023,799.91 0.96 357 49.83 7.886 554 83.24
Oklahoma 4 994,151.99 0.93 358 44.57 8.592 531 82.74
Washington 5 884,647.82 0.83 358 32.01 8.225 551 76.28
Hawaii 2 815,379.08 0.76 359 25.76 7.623 644 78.99
Oregon 5 769,128.15 0.72 358 40.08 8.061 572 75.02
Minnesota 4 731,655.55 0.68 359 37.19 8.567 536 79.50
Louisiana 4 636,456.17 0.59 358 43.29 7.791 544 70.30
Other 45 4,804,389.30 4.49 358 36.61 8.603 566 80.65
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 399 $ 106,972,819.88 100.00% 358 38.93 7.109 609 78.32
-----------------------------------------------------------------------------------------------------------------------------------
-33-
-----------------------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
OCCUPANCY STATUS* LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 343 $ 96,467,299.02 90.18% 358 39.33 7.055 606 77.90
Non-Owner Occupied 54 9,738,484.14 9.10 359 35.53 7.676 637 83.23
Second Home 2 767,036.72 0.72 359 30.72 6.707 573 68.59
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 399 $ 106,972,819.88 100.00% 358 38.93 7.109 609 78.32
-----------------------------------------------------------------------------------------------------------------------------------
*Based on mortgagor representation at origination.
-----------------------------------------------------------------------------------------------------------------------------------
DOCUMENTATION TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
INCOME DOCUMENTATION LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Full Documentation 191 $ 49,633,640.98 46.40% 358 38.30 6.915 616 74.02
Stated Documentation 181 48,521,822.62 45.36 359 40.48 7.314 604 82.66
Limited Documentation 27 8,817,356.28 8.24 358 33.87 7.072 592 78.63
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 399 $ 106,972,819.88 100.00% 358 38.93 7.109 609 78.32
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
PURPOSE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Refinance-Debt
Consolidation Cash Out** 255 $ 74,610,255.78 69.75% 359 39.10 6.979 609 76.05
Purchase 114 26,156,176.43 24.45 359 39.64 7.368 613 84.64
Refinance-Debt
Consolidation No Cash Out*** 30 6,206,387.67 5.80 357 33.87 7.577 581 79.00
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 399 $ 106,972,819.88 100.00% 358 38.93 7.109 609 78.32
-----------------------------------------------------------------------------------------------------------------------------------
** Cash proceeds to the borrower inclusive of debt consolidation
payments exceed 2% or $2,000 of the original principal balance of the
related loan. Also includes all home equity loans originated in Texas
with any cash proceeds.
*** Cash proceeds to the borrower inclusive of debt consolidation
payments do not exceed 2% or $2,000 of the original principal balance of
the related loan. Excludes home equity loans originated in Texas with
any cash proceeds.
-34-
-----------------------------------------------------------------------------------------------------------------------------------
CREDIT GRADE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RISK CATEGORY* LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
I 211 $ 62,899,143.99 58.80% 359 38.34 6.589 641 80.63
II 29 7,399,612.83 6.92 359 40.75 7.431 592 82.15
III 27 7,645,660.22 7.15 359 42.48 7.030 571 76.17
IV 25 5,168,830.91 4.83 358 41.95 7.886 563 81.08
V 42 9,764,548.77 9.13 358 38.68 7.998 536 69.73
VI 18 3,660,766.43 3.42 355 44.79 9.646 552 64.09
A 3 552,375.79 0.52 359 41.23 8.680 523 71.24
A- 4 1,079,168.32 1.01 359 35.46 7.350 548 70.20
A+ 15 4,079,061.49 3.81 359 29.47 7.491 603 76.71
B 9 1,993,039.67 1.86 359 36.30 7.621 557 78.28
C 10 1,455,555.15 1.36 359 38.12 9.026 537 72.44
C- 6 1,275,056.31 1.19 359 45.64 9.000 525 72.14
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 399 $ 106,972,819.88 100.00% 358 38.93 7.109 609 78.32
-----------------------------------------------------------------------------------------------------------------------------------
* Letters correspond to risk categories of Olympus Mortgage Company and
roman numerals correspond to risk categories of Argent Mortgage Company, LLC.
-----------------------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
PROPERTY TYPE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Single Family Detached 291 $ 79,987,757.68 74.77% 358 38.93 7.013 611 77.61
PUD Detached 52 15,390,424.38 14.39 359 38.86 7.275 604 79.72
Two-to Four-Family 25 6,254,753.15 5.85 359 38.65 7.498 615 81.15
Condominium 15 3,083,835.81 2.88 359 37.88 7.534 579 82.14
Manufactured Housing 15 1,756,978.92 1.64 359 39.20 8.004 585 78.05
PUD Attached 1 499,069.94 0.47 359 50.00 6.750 640 90.00
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 399 $ 106,972,819.88 100.00% 358 38.93 7.109 609 78.32
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
ORIGINATION (MOS.) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
0 100 $ 22,962,822.33 21.47% 359 39.93 7.804 595 82.49
12 15 5,392,811.01 5.04 358 37.44 6.768 623 78.78
24 175 46,561,250.28 43.53 359 38.29 7.286 587 78.34
36 109 32,055,936.26 29.97 358 39.38 6.410 647 75.23
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 399 $ 106,972,819.88 100.00% 358 38.93 7.109 609 78.32
-----------------------------------------------------------------------------------------------------------------------------------
-35-
-----------------------------------------------------------------------------------------------------------------------------------
COLLATERAL TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Conforming 220 $ 30,316,055.63 28.34% 358 40.07 8.640 564 80.03
Non-Conforming 179 76,656,764.25 71.66 359 38.47 6.504 626 77.64
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 399 $ 106,972,819.88 100.00% 358 38.93 7.109 609 78.32
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF MAXIMUM MORTGAGE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 4 $ 1,499,057.41 1.76% 359 42.72 5.341 645 81.18
11.500 - 11.999 23 9,565,708.21 11.23 358 37.63 5.790 619 77.23
12.000 - 12.499 29 11,477,018.25 13.48 359 41.48 6.268 618 79.32
12.500 - 12.999 40 17,704,705.50 20.79 359 37.08 6.733 603 80.45
13.000 - 13.499 22 7,721,227.73 9.07 359 42.11 7.257 604 82.94
13.500 - 13.999 26 7,920,568.68 9.30 359 35.53 7.705 561 74.96
14.000 - 14.499 77 12,355,081.17 14.51 359 41.71 8.236 570 82.73
14.500 - 14.999 66 8,400,922.75 9.87 359 37.84 8.693 564 80.90
15.000 - 15.499 30 4,380,026.78 5.14 359 38.47 9.225 543 77.13
15.500 - 15.999 13 2,115,629.27 2.48 358 42.01 9.695 540 73.66
16.000 - 16.499 6 1,190,324.47 1.40 359 46.66 10.143 524 67.48
16.500 - 16.999 3 576,387.31 0.68 358 50.71 10.557 547 67.41
17.000 - 17.499 1 140,953.93 0.17 359 52.00 11.400 581 53.61
17.500 - 17.999 1 104,865.30 0.12 356 32.00 11.550 517 60.00
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 341 $ 85,152,476.76 100.00% 359 39.33 7.378 589 79.36
-----------------------------------------------------------------------------------------------------------------------------------
-36-
-----------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF MINIMUM MORTGAGE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 4 $ 1,499,057.41 1.76% 359 42.72 5.341 645 81.18
5.500 - 5.999 23 9,565,708.21 11.23 358 37.63 5.790 619 77.23
6.000 - 6.499 29 11,477,018.25 13.48 359 41.48 6.268 618 79.32
6.500 - 6.999 40 17,704,705.50 20.79 359 37.08 6.733 603 80.45
7.000 - 7.499 22 7,721,227.73 9.07 359 42.11 7.257 604 82.94
7.500 - 7.999 26 7,920,568.68 9.30 359 35.53 7.705 561 74.96
8.000 - 8.499 77 12,355,081.17 14.51 359 41.71 8.236 570 82.73
8.500 - 8.999 66 8,400,922.75 9.87 359 37.84 8.693 564 80.90
9.000 - 9.499 30 4,380,026.78 5.14 359 38.47 9.225 543 77.13
9.500 - 9.999 13 2,115,629.27 2.48 358 42.01 9.695 540 73.66
10.000 - 10.499 6 1,190,324.47 1.40 359 46.66 10.143 524 67.48
10.500 - 10.999 3 576,387.31 0.68 358 50.71 10.557 547 67.41
11.000 - 11.499 1 140,953.93 0.17 359 52.00 11.400 581 53.61
11.500 - 11.999 1 104,865.30 0.12 356 32.00 11.550 517 60.00
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 341 $ 85,152,476.76 100.00% 359 39.33 7.378 589 79.36
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RANGE OF GROSS MARGINS (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 18 $ 4,195,344.31 4.93% 357 36.77 7.829 602 87.53
5.500 - 5.749 22 5,817,498.66 6.83 359 31.94 7.613 579 74.45
6.000 - 6.249 180 44,534,585.73 52.30 359 40.22 7.374 599 80.73
6.500 - 6.749 104 27,862,490.71 32.72 358 39.60 7.113 578 77.52
6.750 - 6.999 1 350,613.73 0.41 359 47.00 6.850 612 90.00
7.000 - 7.249 16 2,391,943.62 2.81 359 41.01 9.261 532 71.45
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 341 $ 85,152,476.76 100.00% 359 39.33 7.378 589 79.36
-----------------------------------------------------------------------------------------------------------------------------------
-37-
-----------------------------------------------------------------------------------------------------------------------------------
NEXT ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
NEXT ADJUSTMENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
DATE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
December 2005 5 $ 1,098,132.42 1.29% 354 35.12 8.028 549 68.54
January 2006 3 870,726.23 1.02 355 43.99 7.271 589 73.89
February 2006 7 1,498,355.29 1.76 356 35.18 7.073 615 90.07
March 2006 4 1,312,270.35 1.54 357 44.08 7.904 601 88.29
April 2006 28 8,061,894.44 9.47 358 40.12 7.047 572 72.14
May 2006 214 53,768,320.16 63.14 359 39.39 7.391 582 78.93
June 2006 4 426,600.00 0.50 360 40.17 8.687 589 78.80
January 2007 1 90,106.89 0.11 355 34.00 8.250 568 80.00
February 2007 3 836,609.06 0.98 356 39.07 7.545 631 88.26
March 2007 2 769,482.37 0.90 357 43.86 6.720 551 88.69
April 2007 5 1,438,863.47 1.69 358 39.75 6.955 621 82.61
May 2007 65 14,981,116.08 17.59 359 38.50 7.476 619 82.76
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 341 $ 85,152,476.76 100.00% 359 39.33 7.378 589 79.36
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
INITIAL PERIODIC MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
CAP (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2.000 341 $ 85,152,476.76 100.00% 359 39.33 7.378 589 79.36
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 341 $ 85,152,476.76 100.00% 359 39.33 7.378 589 79.36
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
PERIODIC MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
CAP (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
1.000 341 $ 85,152,476.76 100.00% 359 39.33 7.378 589 79.36
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 341 $ 85,152,476.76 100.00% 359 39.33 7.378 589 79.36
-----------------------------------------------------------------------------------------------------------------------------------
