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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 May 4, 2004 (the
"Mortgage Loan Purchase Agreement"), between the Seller and the Depositor.
Pursuant to the Pooling and Servicing Agreement dated May 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 88.84% and approximately 11.16% 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 77.52% of the
adjustable-rate Group I Mortgage Loans and approximately 78.15% 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 22.48%
of the adjustable-rate Group I Mortgage Loans and approximately 21.85% 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.
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
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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 74.68% of the Group I Mortgage Loans and approximately
79.56% 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.
Group I Mortgage Loan Statistics
The Group I Mortgage Loans consist of 5,912 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $890,377,516.12, after application of scheduled
payments due on or before the Cut-off Date whether or not received and
application of all unscheduled payments of principal received prior to the
Cut-off Date, and subject to a permitted variance of plus or minus 5%. None of
the Group I Mortgage Loans had a first Due Date prior to October 2003 or after
June 2004, or will have a remaining term to stated maturity of less than 174
months or greater than 360 months as of the Cut-off Date. The latest maturity
date of any Group I Mortgage Loans is May 2034.
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COLLATERAL TYPE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2-yr Fixed / Adjustable-Rate 3,904 $588,876,224.55 66.14% 358 39.35 7.391 584 79.71
3-yr Fixed / Adjustable-Rate 1,090 170,785,181.05 19.18 358 38.51 7.055 607 81.19
Fixed Rate 918 130,716,110.52 14.68 342 38.89 6.938 632 78.42
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TOTAL: 5,912 $890,377,516.12 100.00% 355 39.12 7.260 596 79.80
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PRINCIPAL BALANCES AT ORIGINATION
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PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
PRINCIPAL BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME COUPON OLTV
AT ORIGINATION ($) LOANS ORIGINATION ($) ORIGINATION (MONTHS)* (%)* (%)* FICO* (%)*
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 1,750 $139,672,689.00 15.66% 353 36.64 7.651 587 78.10
100,000.01 - 150,000.00 1,771 219,012,129.00 24.55 355 38.37 7.429 593 79.99
150,000.01 - 200,000.00 1,074 186,743,975.00 20.94 356 39.46 7.207 596 79.51
200,000.01 - 250,000.00 627 140,328,459.00 15.73 355 40.57 7.182 596 79.90
250,000.01 - 300,000.00 402 110,163,586.00 12.35 356 40.68 7.086 594 80.98
300,000.01 - 350,000.00 235 74,620,759.00 8.37 357 40.51 6.710 611 80.88
350,000.01 - 400,000.00 30 11,282,950.00 1.26 358 36.92 6.478 643 81.98
400,000.01 - 450,000.00 15 6,304,250.00 0.71 359 36.79 6.914 633 81.19
450,000.01 - 500,000.00 8 3,804,750.00 0.43 358 41.81 7.220 594 78.14
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TOTAL: 5,912 $891,933,547.00 100.00% 355 39.12 7.259 596 79.80
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*Based on the original balances of the Mortgage Loans.
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PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
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PRINCIPAL REMAINING
RANGE OF PRINCIPAL BALANCES NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
AS OF THE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
CUT-OFF DATE ($) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 1,754 $139,873,438.57 15.71% 353 36.63 7.648 587 78.10
100,000.01 - 150,000.00 1,771 218,850,387.18 24.58 355 38.37 7.430 593 80.01
150,000.01 - 200,000.00 1,072 186,198,059.88 20.91 356 39.49 7.212 596 79.47
200,000.01 - 250,000.00 626 139,919,469.87 15.71 356 40.54 7.175 596 79.95
250,000.01 - 300,000.00 409 112,096,811.23 12.59 356 40.71 7.063 595 80.82
300,000.01 - 350,000.00 227 72,080,896.67 8.10 357 40.48 6.737 609 81.12
350,000.01 - 400,000.00 30 11,262,981.64 1.26 358 36.92 6.479 643 81.98
400,000.01 - 450,000.00 17 7,194,601.36 0.81 358 37.43 6.937 625 81.67
450,000.01 - 500,000.00 6 2,900,869.72 0.33 359 41.75 7.259 603 76.01
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TOTAL: 5,912 $890,377,516.12 100.00% 355 39.12 7.260 596 79.80
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REMAINING TERM TO MATURITY
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RANGE OF MONTHS REMAINING LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
121 - 180 79 $ 8,310,233.07 0.93% 178 37.37 6.740 637 69.83
181 - 240 58 7,695,054.30 0.86 238 40.06 6.483 660 73.02
301 - 360 5,775 874,372,228.75 98.20 358 39.13 7.272 595 79.96
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TOTAL: 5,912 $890,377,516.12 100.00% 355 39.12 7.260 596 79.80
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MORTGAGE RATE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF CURRENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 124 $ 26,063,500.20 2.93% 348 39.89 5.333 659 74.48
5.500 - 5.999 449 82,524,849.80 9.27 349 38.71 5.756 639 77.90
6.000 - 6.499 630 105,747,078.15 11.88 355 39.18 6.252 626 79.58
6.500 - 6.999 1,139 184,063,279.17 20.67 356 39.02 6.742 610 81.16
7.000 - 7.499 1,003 144,713,552.87 16.25 357 38.80 7.224 593 81.16
7.500 - 7.999 1,011 142,161,219.27 15.97 356 39.07 7.712 581 81.36
8.000 - 8.499 660 87,173,441.69 9.79 357 38.81 8.211 564 80.46
8.500 - 8.999 502 66,355,874.06 7.45 357 39.45 8.712 551 79.27
9.000 - 9.499 164 20,217,706.66 2.27 354 40.11 9.190 547 77.91
9.500 - 9.999 88 11,631,308.72 1.31 353 39.64 9.695 547 75.51
10.000 - 10.499 39 5,821,150.56 0.65 356 40.98 10.241 534 70.28
10.500 - 10.999 54 7,891,300.65 0.89 356 42.85 10.720 539 63.85
11.000 - 11.499 23 2,914,491.39 0.33 357 39.70 11.269 530 65.81
11.500 - 11.999 16 2,130,459.08 0.24 358 43.77 11.707 536 59.55
12.000 - 12.499 9 723,555.80 0.08 358 46.68 12.116 545 62.08
12.500 - 12.999 1 244,748.05 0.03 356 50.00 12.550 510 70.00
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TOTAL: 5,912 $890,377,516.12 100.00% 355 39.12 7.260 596 79.80
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ORIGINAL LOAN-TO-VALUE RATIOS
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF ORIGINAL MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
LOAN-TO-VALUE RATIOS (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Less than 25.00 3 $ 292,473.19 0.03% 358 36.27 6.37 598 19.03
25.01 - 30.00 11 1,044,275.12 0.12 351 32.96 7.41 603 27.69
30.01 - 35.00 20 2,083,314.43 0.23 337 38.12 6.89 620 33.09
35.01 - 40.00 27 3,723,730.36 0.42 347 36.14 6.47 615 37.55
40.01 - 45.00 42 5,162,869.51 0.58 343 40.73 6.90 596 42.54
45.01 - 50.00 74 10,536,747.28 1.18 338 40.63 7.02 596 48.18
50.01 - 55.00 89 12,740,271.83 1.43 348 38.71 7.09 585 53.04
55.01 - 60.00 172 25,666,052.53 2.88 346 39.38 7.55 581 58.46
60.01 - 65.00 238 34,281,684.60 3.85 355 40.27 7.33 573 63.67
65.01 - 70.00 453 67,409,918.35 7.57 355 39.39 7.75 564 68.81
70.01 - 75.00 676 97,447,638.98 10.94 355 40.84 7.49 567 74.16
75.01 - 80.00 1,203 178,895,253.54 20.09 357 38.76 7.34 574 79.34
80.01 - 85.00 1,468 230,376,050.58 25.87 356 38.58 7.08 594 84.33
85.01 - 90.00 867 129,141,616.78 14.50 356 38.26 7.25 631 89.60
90.01 - 95.00 569 91,575,619.04 10.29 356 39.90 6.95 659 94.64
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TOTAL: 5,912 $ 890,377,516.12 100.00% 355 39.12 7.26 596 79.80
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FICO SCORE AT ORIGINATION
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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 - 519 511 $ 76,376,729.15 8.58% 357 41.65 8.25 510 73.68
520 - 539 770 109,824,400.33 12.33 358 41.04 8.01 530 75.36
540 - 559 757 109,795,248.64 12.33 357 39.61 7.69 550 77.02
560 - 579 612 87,239,861.47 9.80 357 39.08 7.52 569 78.02
580 - 599 690 102,973,291.05 11.57 356 39.00 7.13 589 79.47
600 - 619 693 103,841,227.45 11.66 355 38.73 6.93 609 81.73
620 - 639 606 93,226,995.84 10.47 355 38.02 6.72 629 82.09
640 - 659 467 74,770,651.86 8.40 353 38.68 6.68 649 84.72
660 - 679 281 46,097,790.55 5.18 353 37.82 6.73 668 84.48
680 - 699 233 38,798,784.78 4.36 352 37.37 6.50 689 86.13
700 - 719 116 18,124,541.16 2.04 349 36.67 6.64 708 86.22
720 - 739 81 12,653,414.33 1.42 349 36.11 6.61 727 86.71
740 - 759 55 9,906,715.29 1.11 348 36.44 6.26 751 81.01
760 - 779 31 5,227,420.61 0.59 345 36.05 6.11 768 81.84
780 - 799 7 1,212,710.53 0.14 352 33.36 5.88 789 66.04
800 - 819 2 307,733.08 0.03 359 32.50 6.72 801 76.09
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TOTAL: 5,912 $ 890,377,516.12 100.00% 355 39.12 7.26 596 79.80
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DEBT-TO-INCOME RATIO
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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 20.00 334 $ 42,560,658.97 4.78% 354 13.91 7.33 612 79.08
20.01 - 25.00 362 47,326,746.71 5.32 356 23.22 7.21 604 78.81
25.01 - 30.00 532 74,607,932.27 8.38 356 28.10 7.16 605 79.58
30.01 - 35.00 809 117,730,338.92 13.22 356 33.10 7.26 600 79.85
35.01 - 40.00 961 145,762,724.67 16.37 355 38.02 7.24 595 80.36
40.01 - 45.00 1,140 178,660,978.35 20.07 354 43.11 7.19 596 80.71
45.01 - 50.00 1,446 232,421,174.02 26.10 356 48.09 7.24 594 81.73
50.01 - 55.00 328 51,306,962.21 5.76 355 53.16 7.74 558 68.06
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TOTAL: 5,912 $ 890,377,516.12 100.00% 355 39.12 7.26 596 79.80
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GEOGRAPHIC DISTRIBUTION
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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 1,280 $258,965,797.21 29.08% 356 40.81 7.091 589 76.72
Florida 625 79,750,524.36 8.96 354 39.34 7.263 598 80.64
Illinois 481 76,345,133.50 8.57 357 38.71 7.456 611 82.67
New York 201 47,768,059.63 5.36 352 39.72 6.866 598 76.62
Arizona 348 39,620,318.10 4.45 353 37.00 7.041 610 83.28
Michigan 366 38,038,327.23 4.27 357 37.03 7.777 582 80.58
Texas 296 32,378,518.45 3.64 349 36.84 7.543 588 78.72
Maryland 161 25,379,093.78 2.85 354 39.49 7.279 587 78.89
Massachusetts 119 24,030,771.20 2.70 358 40.06 7.316 587 74.71
Minnesota 142 22,292,596.13 2.50 357 37.61 7.359 597 81.82
Colorado 128 20,502,277.50 2.30 358 38.24 6.950 612 83.25
Washington 125 19,261,650.79 2.16 358 39.27 7.062 617 83.21
Pennsylvania 136 16,689,163.54 1.87 352 38.26 7.554 580 79.93
Connecticut 104 15,944,033.25 1.79 356 39.22 7.460 589 78.96
Nevada 100 15,699,919.21 1.76 358 39.57 7.317 597 82.14
Missouri 147 14,656,154.31 1.65 358 37.48 7.564 592 83.04
Georgia 85 11,702,405.13 1.31 356 36.75 7.213 610 84.73
Ohio 101 10,864,056.74 1.22 356 39.43 7.479 592 85.17
Wisconsin 84 9,756,541.35 1.10 358 37.80 7.468 602 83.43
Oregon 65 9,193,358.95 1.03 358 40.37 7.226 608 81.69
Other 818 101,538,815.76 11.40 355 37.75 7.419 599 82.34
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TOTAL: 5,912 $890,377,516.12 100.00% 355 39.12 7.260 596 79.80
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OCCUPANCY STATUS
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
OCCUPANCY STATUS* LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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Owner Occupied 90.48% 5,269 $805,644,279.31 355 39.83 7.235 592 79.59
Non-owner Occupied 9.13 618 81,303,490.67 357 32.02 7.521 633 82.21
Second Home 0.39 25 3,429,746.14 350 40.54 6.847 652 73.13
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TOTAL: 100.00% 5,912 $890,377,516.12 355 39.12 7.260 596 79.80
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*Based on mortgagor representation at origination.
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DOCUMENTATION TYPE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
INCOME DOCUMENTATION LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Full Documentation 4,218 $604,037,304.84 67.84% 355 39.77 7.187 590 79.48
Stated Documentation 1,384 240,565,402.75 27.02 356 38.03 7.415 610 80.56
Limited Documentation 310 45,774,808.53 5.14 355 36.26 7.402 593 80.11
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TOTAL: 5,912 $890,377,516.12 100.00% 355 39.12 7.260 596 79.80
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LOAN PURPOSE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
PURPOSE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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Refinance-Debt
Consolidation Cash Out** 5,134 $788,932,376.63 88.61% 355 39.19 7.262 595 79.36
Refinance-Debt
Consolidation No Cash Out*** 622 83,717,969.30 9.40 356 38.71 7.231 605 83.69
Purchase 156 17,727,170.19 1.99 356 37.92 7.318 601 80.97
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TOTAL: 5,912 $890,377,516.12 100.00% 355 39.12 7.260 596 79.80
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** 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 $2,000 of the original principal balance of
the related loan. Excludes home equity loans originated in Texas with
any cash proceeds.
-14-
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CREDIT GRADE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RISK CATEGORY LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
I 2,843 $425,895,264.83 47.83% 354 38.48 6.824 621 82.51
II 626 96,393,647.47 10.83 356 38.56 7.246 584 80.66
III 673 93,406,346.11 10.49 355 39.29 7.315 575 79.68
IV 561 80,767,168.36 9.07 357 39.44 7.666 574 78.90
V 468 66,458,914.11 7.46 357 41.52 7.881 562 71.66
VI 148 22,398,664.68 2.52 357 42.86 9.816 549 67.06
A+ 105 17,356,689.83 1.95 355 39.24 7.280 596 77.50
A 260 46,885,568.75 5.27 356 39.01 7.351 580 78.00
A- 67 12,354,845.96 1.39 358 40.63 7.940 538 74.29
B 60 10,617,785.86 1.19 358 38.69 8.157 547 74.07
C 21 3,430,564.98 0.39 355 42.83 8.726 541 71.40
C- 80 14,412,055.18 1.62 356 40.61 8.838 546 76.94
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TOTAL: 5,912 $890,377,516.12 100.00% 355 39.12 7.260 596 79.80
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* Letters correspond to risk categories of Olympus Mortgage Company and
roman numerals correspond to risk categories of Argent Mortgage Company, LLC.
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PROPERTY TYPE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
PROPERTY TYPE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Single Family Detached 4,487 $662,742,606.46 74.43% 355 39.33 7.276 592 79.91
Two-to Four-Family 422 84,535,205.90 9.49 356 38.12 7.276 614 78.55
PUD Detached 404 66,052,910.25 7.42 353 38.85 7.132 598 80.87
Condominium 285 41,965,931.46 4.71 358 39.64 7.230 601 80.01
Manufactured Housing 285 31,444,451.35 3.53 356 37.18 7.181 609 78.23
PUD Attached 19 2,384,132.25 0.27 359 40.46 7.138 610 81.65
Single Family Attached 10 1,252,278.45 0.14 358 40.13 7.335 611 78.90
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TOTAL: 5,912 $890,377,516.12 100.00% 355 39.12 7.260 596 79.80
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
ORIGINATION (MOS.) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
0 1,497 $225,479,705.28 25.32% 355 38.75 7.373 598 80.77
12 240 42,430,688.93 4.77 351 38.67 7.440 609 77.24
24 2,527 383,821,240.11 43.11 357 39.33 7.373 584 79.26
36 1,648 238,645,881.80 26.80 353 39.22 6.938 609 80.22
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 5,912 $890,377,516.12 100.00% 355 39.12 7.260 596 79.80
-----------------------------------------------------------------------------------------------------------------------------------
-15-
-----------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
CONFORMING BALANCE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Conforming 5,912 $890,377,516.12 100% 355 39.12 7.26 596 79.80
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 5,912 $890,377,516.12 100% 355 39.12 7.26 596 79.80
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF MAXIMUM MORTGAGE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 78 $ 15,868,665.62 2.09% 356 40.49 5.344 634 80.51
11.500 - 11.999 318 60,520,610.55 7.97 356 38.44 5.770 630 80.34
12.000 - 12.499 531 90,850,942.73 11.96 357 39.00 6.259 624 80.28
12.500 - 12.999 976 158,711,433.00 20.89 358 38.99 6.746 605 81.10
13.000 - 13.499 862 125,507,021.10 16.52 358 38.83 7.226 588 80.84
13.500 - 13.999 876 125,828,130.63 16.56 358 39.25 7.711 577 81.19
14.000 - 14.499 585 78,420,221.03 10.32 358 38.88 8.210 560 79.97
14.500 - 14.999 430 58,595,911.16 7.71 358 39.70 8.711 548 78.52
15.000 - 15.499 132 16,815,411.47 2.21 358 40.53 9.191 540 76.77
15.500 - 15.999 78 10,355,412.42 1.36 358 39.44 9.693 543 76.00
16.000 - 16.499 33 5,034,935.95 0.66 356 41.44 10.240 536 68.95
16.500 - 16.999 51 7,568,068.27 1.00 356 43.01 10.714 537 64.32
17.000 - 17.499 20 2,677,673.94 0.35 357 40.05 11.284 530 65.87
17.500 - 17.999 14 1,938,663.88 0.26 358 44.47 11.714 539 59.50
18.000 - 18.499 9 723,555.80 0.10 358 46.68 12.116 545 62.08
18.500 - 18.999 1 244,748.05 0.03 356 50.00 12.550 510 70.00
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 4,994 $759,661,405.60 100.00% 358 39.16 7.315 589 80.04
-----------------------------------------------------------------------------------------------------------------------------------
-16-
-----------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF MINIMUM MORTGAGE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 78 $ 15,868,665.62 2.09% 356 40.49 5.344 634 80.51
5.500 - 5.999 318 60,520,610.55 7.97 356 38.44 5.770 630 80.34
6.000 - 6.499 531 90,850,942.73 11.96 357 39.00 6.259 624 80.28
6.500 - 6.999 976 158,711,433.00 20.89 358 38.99 6.746 605 81.10
7.000 - 7.499 862 125,507,021.10 16.52 358 38.83 7.226 588 80.84
7.500 - 7.999 876 125,828,130.63 16.56 358 39.25 7.711 577 81.19
8.000 - 8.499 585 78,420,221.03 10.32 358 38.88 8.210 560 79.97
8.500 - 8.999 430 58,595,911.16 7.71 358 39.70 8.711 548 78.52
9.000 - 9.499 132 16,815,411.47 2.21 358 40.53 9.191 540 76.77
9.500 - 9.999 78 10,355,412.42 1.36 358 39.44 9.693 543 76.00
10.000 - 10.499 33 5,034,935.95 0.66 356 41.44 10.24 536 68.95
10.500 - 10.999 51 7,568,068.27 1.00 356 43.01 10.714 537 64.32
11.000 - 11.499 20 2,677,673.94 0.35 357 40.05 11.284 530 65.87
11.500 - 11.999 14 1,938,663.88 0.26 358 44.47 11.714 539 59.50
12.000 - 12.499 9 723,555.80 0.10 358 46.68 12.116 545 62.08
12.500 - 12.999 1 244,748.05 0.03 356 50.00 12.55 510 70.00
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 4,994 $759,661,405.60 100.00% 358 39.16 7.315 589 80.04
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RANGE OF GROSS MARGINS (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 2,272 $315,826,506.86 41.57% 358 38.55 7.316 596 81.33
4.750 - 4.999 2 310,805.29 0.04 357 37.67 6.917 618 68.19
5.000 - 5.249 1 151,553.49 0.02 356 38.00 7.600 527 80.00
5.250 - 5.499 2 270,507.93 0.04 358 40.68 7.406 563 83.44
5.500 - 5.749 440 80,351,030.70 10.58 358 39.52 7.517 573 78.13
5.750 - 5.999 2 313,499.70 0.04 358 47.60 7.475 555 82.74
6.000 - 6.249 182 23,932,897.88 3.15 359 37.71 7.462 598 81.63
6.250 - 6.499 12 1,470,586.82 0.19 358 35.95 8.079 563 78.95
6.500 - 6.749 2,020 327,327,332.75 43.09 357 39.68 7.193 588 79.48
6.750 - 6.999 3 432,693.16 0.06 358 46.72 6.303 699 90.05
7.000 - 7.249 58 9,273,991.02 1.22 358 42.17 9.391 535 68.50
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 4,994 $759,661,405.60 100.00% 358 39.16 7.315 589 80.04
-----------------------------------------------------------------------------------------------------------------------------------
-17-
-----------------------------------------------------------------------------------------------------------------------------------
NEXT ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
NEXT ADJUSTMENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
DATE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
September 2005 1 $ 121,850.85 0.02% 352 35.00 9.000 507 80.00
October 2005 10 1,234,807.94 0.16 353 44.09 8.132 554 80.13
November 2005 31 5,654,231.45 0.74 354 38.43 7.732 582 78.97
December 2005 126 20,946,381.62 2.76 354 40.72 7.913 573 77.26
January 2006 278 45,312,960.72 5.96 356 39.84 7.592 577 76.80
February 2006 649 106,128,242.00 13.97 357 40.30 7.308 579 79.02
March 2006 902 142,109,020.39 18.71 357 39.89 7.277 579 79.94
April 2006 1,693 238,010,249.58 31.33 358 38.41 7.375 594 80.76
May 2006 214 29,358,480.00 3.86 359 39.19 7.577 574 78.88
October 2006 3 689,000.86 0.09 353 45.57 7.468 610 80.38
November 2006 5 958,859.75 0.13 354 46.38 7.659 596 71.73
December 2006 50 8,295,613.27 1.09 355 38.22 7.211 597 78.59
January 2007 86 14,049,837.42 1.85 356 39.98 6.914 596 81.28
February 2007 172 28,257,278.06 3.72 356 38.80 7.024 603 81.56
March 2007 266 46,069,796.86 6.06 358 38.82 6.901 609 80.98
April 2007 441 64,183,359.83 8.45 359 37.60 7.112 611 81.95
May 2007 67 8,281,435.00 1.09 360 39.22 7.559 603 78.71
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 4,994 $759,661,405.60 100.00% 358 39.16 7.315 589 80.04
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
INITIAL PERIODIC MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
CAP (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2.000 4,994 $759,661,405.60 100.00% 358 39.16 7.315 589 80.04
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 4,994 $759,661,405.60 100.00% 358 39.16 7.315 589 80.04
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 4,994 $759,661,405.60 100.00% 358 39.16 7.315 589 80.04
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 4,994 $759,661,405.60 100.00% 358 39.16 7.315 589 80.04
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II MORTGAGE LOAN STATISTICS
The Group II Mortgage Loans consist of 498 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $209,622,857.99, after application of scheduled
payments due on or before the Cut-off Date whether or not received and
application of all unscheduled payments of principal received prior to the
Cut-off Date, and subject to a permitted variance of plus or minus 5%. None of
the Group II Mortgage Loans had a first Due Date prior to November 2003 or after
June 2004, or will have a remaining term to stated maturity of less than 353
months or greater than 360 months as of the Cut-off Date. The latest maturity
date of any Group II Mortgage Loans is May 2034.
-18-
-----------------------------------------------------------------------------------------------------------------------------------
COLLATERAL TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2-yr Fixed / Adjustable-Rate 326 $137,021,029.57 65.37% 358 40.44 6.930 600 80.46
3-yr Fixed / Adjustable-Rate 89 38,320,579.60 18.28 358 37.16 6.844 610 79.03
Fixed Rate 83 34,281,248.82 16.35 358 38.50 5.892 697 68.28
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 498 $209,622,857.99 100.00% 358 39.52 6.745 618 78.20
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
PRINCIPAL BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME COUPON OLTV
AT ORIGINATION ($) LOANS ORIGINATION ($) ORIGINATION (MONTHS)* (%)* (%)* FICO* (%)*
-----------------------------------------------------------------------------------------------------------------------------------
300,000.01 - 350,000.00 66 $ 22,438,704.00 10.69% 358 40.01 6.540 618 82.57
350,000.01 - 400,000.00 163 61,312,337.00 29.20 358 39.63 6.834 612 79.36
400,000.01 - 450,000.00 124 52,846,540.00 25.17 358 40.03 6.845 617 78.34
450,000.01 - 500,000.00 116 55,992,948.00 26.67 358 40.46 6.801 619 77.19
500,000.01 - 550,000.00 13 6,902,450.00 3.29 358 32.91 6.458 630 78.87
550,000.01 - 600,000.00 5 2,901,157.00 1.38 358 39.05 6.052 639 71.11
600,000.01 - 650,000.00 3 1,920,000.00 0.91 357 38.48 5.865 651 74.28
650,000.01 - 700,000.00 5 3,410,875.00 1.62 359 28.90 6.388 651 66.79
700,000.01 - 750,000.00 2 1,481,950.00 0.71 359 34.40 5.599 615 48.81
750,000.01 - 800,000.00 1 765,000.00 0.36 359 35.00 5.650 683 60.47
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 498 $209,971,961.00 100.00% 358 39.52 6.744 618 78.20
-----------------------------------------------------------------------------------------------------------------------------------
*Based on the original balances of the Mortgage Loans.
-19-
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AS OF THE CUT-OFF DATE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF PRINCIPAL BALANCES NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
AS OF THE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
CUT-OFF DATE ($) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
300,000.01 - 350,000.00 67 $ 22,749,769.85 10.85% 358 40.09 6.520 620 82.31
350,000.01 - 400,000.00 162 60,862,718.10 29.03 358 39.60 6.843 612 79.44
400,000.01 - 450,000.00 125 53,205,431.11 25.38 358 40.05 6.841 618 78.40
450,000.01 - 500,000.00 115 55,451,364.27 26.45 358 40.44 6.806 618 77.13
500,000.01 - 550,000.00 13 6,890,389.94 3.29 358 32.90 6.458 630 78.87
550,000.01 - 600,000.00 5 2,896,328.36 1.38 358 39.05 6.052 639 71.12
600,000.01 - 650,000.00 3 1,914,821.00 0.91 357 38.48 5.865 650 74.29
650,000.01 - 700,000.00 5 3,407,491.40 1.63 359 28.91 6.388 650 66.80
700,000.01 - 750,000.00 2 1,480,357.95 0.71 359 34.40 5.599 615 48.81
750,000.01 - 800,000.00 1 764,186.01 0.36 359 35.00 5.650 683 60.47
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 498 $209,622,857.99 100.00% 358 39.52 6.745 618 78.20
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
REMAINING TERM TO MATURITY
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RANGE OF MONTHS REMAINING LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
300 - 360 498 $209,622,857.99 100.00% 358 39.52 6.745 618 78.20
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 498 $209,622,857.99 100.00% 358 39.52 6.745 618 78.20
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF CURRENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 48 $ 20,607,047.89 9.83% 358 35.83 5.289 709 63.37
5.500 - 5.999 98 42,272,388.13 20.17 358 39.98 5.738 652 76.62
6.000 - 6.499 78 32,973,787.14 15.73 358 39.48 6.240 633 80.45
6.500 - 6.999 107 44,900,359.78 21.42 358 38.99 6.731 615 82.36
7.000 - 7.499 47 18,784,893.79 8.96 358 39.84 7.265 586 82.94
7.500 - 7.999 53 21,803,128.97 10.40 358 40.32 7.730 572 80.86
8.000 - 8.499 26 11,213,306.88 5.35 358 41.52 8.218 558 78.99
8.500 - 8.999 23 9,549,727.09 4.56 358 41.17 8.715 542 77.03
9.000 - 9.499 6 2,392,670.14 1.14 359 45.80 9.174 546 80.62
9.500 - 9.999 8 3,310,498.41 1.58 358 42.46 9.806 529 73.56
10.000 - 10.499 1 431,885.93 0.21 358 39.00 10.250 506 65.00
10.500 - 10.999 3 1,383,163.84 0.66 358 37.05 10.866 534 65.93
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 498 $209,622,857.99 100.00% 358 39.52 6.745 618 78.20
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF ORIGINAL MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
LOAN-TO-VALUE RATIOS (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Less than 25.00 1 $ 399,080.35 0.19% 358 47.00 5.250 730 20.00
25.01 - 30.00 3 1,640,162.58 0.78 358 29.74 5.387 684 29.03
30.01 - 35.00 4 2,219,133.33 1.06 358 31.16 5.546 727 33.60
35.01 - 40.00 3 1,072,527.63 0.51 357 26.32 5.620 751 37.68
40.01 - 45.00 3 1,278,544.63 0.61 358 32.96 5.250 738 42.64
45.01 - 50.00 5 2,240,136.97 1.07 357 35.26 5.573 731 46.87
50.01 - 55.00 6 2,591,652.78 1.24 358 34.62 5.571 720 52.82
55.01 - 60.00 13 5,628,049.67 2.68 358 40.68 7.308 613 58.75
60.01 - 65.00 26 10,998,030.21 5.25 358 40.95 6.699 613 63.49
65.01 - 70.00 48 21,268,747.30 10.15 358 39.33 6.839 588 68.66
70.01 - 75.00 52 23,240,439.45 11.09 358 39.30 6.805 594 73.94
75.01 - 80.00 95 39,666,065.66 18.92 358 40.16 7.154 583 79.44
80.01 - 85.00 111 44,922,752.25 21.43 358 41.43 6.599 611 84.08
85.01 - 90.00 87 35,786,444.67 17.07 358 37.33 6.704 644 89.72
90.01 - 95.00 41 16,671,090.51 7.95 359 41.38 6.739 672 94.75
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 498 $209,622,857.99 100.00% 358 39.52 6.745 618 78.20
-----------------------------------------------------------------------------------------------------------------------------------
-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 23 $ 9,798,646.58 4.67% 358 41.05 8.173 507 76.45
520 - 539 52 21,238,516.23 10.13 358 40.97 8.212 530 73.47
540 - 559 52 21,058,113.03 10.05 358 40.46 7.359 551 77.13
560 - 579 44 17,638,836.48 8.41 358 40.55 6.901 569 79.03
580 - 599 47 19,475,327.86 9.29 358 40.04 7.051 590 81.04
600 - 619 49 21,497,914.39 10.26 358 39.84 6.493 608 77.70
620 - 639 55 24,196,005.66 11.54 358 41.35 6.437 630 81.68
640 - 659 49 20,793,530.28 9.92 358 38.20 6.114 650 83.56
660 - 679 29 12,659,015.80 6.04 359 37.58 6.215 669 84.78
680 - 699 31 13,064,740.62 6.23 358 35.81 6.341 688 84.26
700 - 719 19 7,803,110.45 3.72 358 40.70 5.919 711 79.79
720 - 739 14 5,852,439.66 2.79 359 37.16 5.881 730 67.61
740 - 759 11 4,841,060.52 2.31 358 37.57 5.626 750 65.12
760 - 779 16 6,861,150.22 3.27 358 38.71 5.613 767 63.79
780 - 799 7 2,844,450.21 1.36 358 31.03 5.272 785 55.59
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 498 $ 209,622,857.99 100.00% 358 39.52 6.745 618 78.20
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 27 $ 12,272,838.16 5.85% 358 12.73 6.541 660 74.11
20.01 - 25.00 20 8,313,366.11 3.97 359 23.16 6.755 593 77.00
25.01 - 30.00 41 17,774,770.08 8.48 358 27.94 6.379 636 73.22
30.01 - 35.00 48 19,382,673.91 9.25 358 33.35 6.735 616 78.17
35.01 - 40.00 75 31,625,402.42 15.09 358 37.87 6.739 622 78.40
40.01 - 45.00 119 50,589,349.90 24.13 358 43.23 6.766 614 79.07
45.01 - 50.00 146 60,118,252.23 28.68 358 48.32 6.935 610 81.69
50.01 - 55.00 22 9,546,205.18 4.55 358 52.81 6.402 620 66.69
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 498 $209,622,857.99 100.00% 358 39.52 6.745 618 78.20
-----------------------------------------------------------------------------------------------------------------------------------
-22-
-----------------------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
STATE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
California 299 $124,550,950.66 59.42% 358 40.57 6.517 624 77.18
New York 41 17,314,029.87 8.26 358 39.98 7.308 588 77.40
Florida 26 10,119,522.73 4.83 358 38.06 7.027 615 83.85
Massachusetts 21 8,731,532.87 4.17 358 41.73 6.612 628 80.16
Illinois 17 7,423,682.59 3.54 358 31.02 6.884 634 83.27
Maryland 11 4,934,888.74 2.35 358 40.46 7.275 598 79.37
Arizona 10 4,362,570.72 2.08 358 27.52 7.209 614 86.48
Washington 9 4,042,703.63 1.93 358 37.39 6.894 630 78.62
Texas 9 3,995,161.54 1.91 359 35.61 7.252 592 63.81
Connecticut 7 3,366,948.30 1.61 358 37.78 6.943 591 67.79
Michigan 7 3,165,570.10 1.51 358 42.58 7.543 596 80.64
Minnesota 6 2,287,957.50 1.09 358 41.41 7.177 618 78.91
Nevada 5 2,017,996.30 0.96 359 38.72 7.264 596 84.56
Pennsylvania 4 1,825,504.22 0.87 359 33.50 6.854 631 81.45
Colorado 4 1,699,791.92 0.81 358 39.55 6.366 646 84.49
Wisconsin 3 1,343,966.14 0.64 359 36.62 7.428 583 87.15
Utah 3 1,217,373.58 0.58 357 50.00 6.725 575 77.88
North Carolina 2 1,156,477.26 0.55 357 37.38 5.962 662 78.72
Kansas 2 930,562.66 0.44 360 46.76 7.404 542 77.03
Rhode Island 2 850,257.91 0.41 359 44.97 6.972 690 89.25
Other 10 4,285,408.75 2.04 358 34.82 7.442 617 82.67
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 498 $209,622,857.99 100.00% 358 39.52 6.745 618 78.20
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
OCCUPANCY STATUS* LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 469 $197,977,463.82 94.44% 358 40.00 6.724 618 77.97
Non-Owner Occupied 23 9,186,735.44 4.38 358 27.78 7.162 633 83.84
Second Home 6 2,458,658.73 1.17 358 44.73 6.827 585 76.23
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 498 $209,622,857.99 100.00% 358 39.52 6.745 618 78.20
-----------------------------------------------------------------------------------------------------------------------------------
*Based on mortgagor representation at origination.
-----------------------------------------------------------------------------------------------------------------------------------
DOCUMENTATION TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
INCOME DOCUMENTATION LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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Full Documentation 240 $100,629,034.78 48.00% 358 38.53 6.430 628 76.41
Stated Documentation 212 89,652,514.95 42.77 358 41.70 7.066 611 80.22
Limited Documentation 46 19,341,308.26 9.23 358 34.61 6.891 600 78.17
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TOTAL: 498 $209,622,857.99 100.00% 358 39.52 6.745 618 78.20
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LOAN PURPOSE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
PURPOSE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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Refinance-Debt
Consolidation Cash Out** 450 $189,522,814.02 90.41% 358 39.43 6.774 614 78.38
Refinance-Debt
Consolidation No Cash Out*** 39 16,827,256.91 8.03 358 39.54 6.371 662 74.28
Purchase 9 3,272,787.06 1.56 359 44.75 6.936 630 88.21
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TOTAL: 498 $209,622,857.99 100.00% 358 39.52 6.745 618 78.20
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** 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 $2,000 of the original principal balance of
the related loan. Excludes home equity loans originated in Texas with
any cash proceeds.
-24-
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CREDIT GRADE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RISK CATEGORY LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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I 264 $112,506,117.46 53.67% 358 38.23 6.264 651 78.73
II 59 24,632,425.82 11.75 358 40.25 6.849 602 79.32
III 61 25,118,068.23 11.98 358 40.16 6.912 584 78.51
IV 35 14,305,364.06 6.82 358 45.70 7.601 573 78.67
V 31 12,930,152.45 6.17 358 42.45 7.919 553 71.65
VI 5 2,279,762.11 1.09 358 43.34 10.200 529 61.56
A+ 9 3,693,540.01 1.76 359 36.17 6.505 621 80.35
A 11 4,468,302.89 2.13 358 33.67 7.243 596 82.62
A- 4 1,591,446.57 0.76 357 35.80 7.828 545 75.54
B 9 3,901,286.98 1.86 358 40.50 7.879 547 77.28
C 1 418,155.11 0.20 358 48.00 9.150 525 70.00
C- 9 3,778,236.30 1.80 357 43.27 7.670 560 79.49
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TOTAL: 498 $209,622,857.99 100.00% 358 39.52 6.745 618 78.20
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* Letters correspond to risk categories of Olympus Mortgage Company and
roman numerals correspond to risk categories of Argent Mortgage Company, LLC.
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PROPERTY TYPE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
PROPERTY TYPE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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Single Family Detached 407 $169,918,890.16 81.06% 358 39.88 6.750 617 78.18
PUD Detached 53 23,168,602.65 11.05 358 39.07 6.874 613 76.85
Condominium 26 10,941,880.45 5.22 358 37.18 6.472 634 83.13
Two-to Four-Family 10 4,736,299.71 2.26 358 34.64 6.596 625 74.89
PUD Attached 1 487,782.49 0.23 355 43.00 6.550 604 68.06
Manufactured Housing 1 369,402.53 0.18 359 33.00 6.300 690 85.00
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TOTAL: 498 $209,622,857.99 100.00% 358 39.52 6.745 618 78.20
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PREPAYMENT CHARGE TERM
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
ORIGINATION (MOS.) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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0 99 $42,851,453.46 20.44% 358 37.31 7.172 603 79.39
12 31 12,856,632.81 6.13 359 39.09 7.090 627 80.38
24 212 88,267,580.34 42.11 358 41.04 6.956 598 80.55
36 156 65,647,191.38 31.32 358 39.02 6.113 653 73.85
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TOTAL: 498 $209,622,857.99 100.00% 358 39.52 6.745 618 78.20
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-25-
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CONFORMING BALANCE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
CONFORMING BALANCE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Non-Conforming 498 $209,622,857.99 100.00% 358 39.52 6.745 618 78.20
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TOTAL: 498 $209,622,857.99 100.00% 358 39.52 6.745 618 78.20
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MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF MAXIMUM MORTGAGE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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11.000 - 11.499 16 $ 7,133,201.30 4.07% 358 38.29 5.324 645 77.14
11.500 - 11.999 75 32,904,911.53 18.77 358 39.30 5.761 636 78.95
12.000 - 12.499 66 28,061,871.99 16.00 358 39.14 6.250 630 80.66
12.500 - 12.999 100 42,102,279.42 24.01 358 39.01 6.733 614 82.30
13.000 - 13.499 43 17,210,626.44 9.82 358 40.49 7.263 583 82.50
13.500 - 13.999 49 20,052,240.32 11.44 358 40.05 7.720 567 80.57
14.000 - 14.499 26 11,213,306.88 6.40 358 41.52 8.218 558 78.99
14.500 - 14.999 22 9,144,952.97 5.22 358 41.00 8.707 541 76.46
15.000 - 15.499 6 2,392,670.14 1.36 359 45.80 9.174 546 80.62
15.500 - 15.999 8 3,310,498.41 1.89 358 42.46 9.806 529 73.56
16.000 - 16.499 1 431,885.93 0.25 358 39.00 10.250 506 65.00
16.500 - 16.999 3 1,383,163.84 0.79 358 37.05 10.866 534 65.93
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TOTAL: 415 $175,341,609.17 100.00% 358 39.72 6.911 603 80.14
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-26-
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MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF MINIMUM MORTGAGE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 16 $ 7,133,201.30 4.07% 358 38.29 5.324 645 77.14
5.500 - 5.999 75 32,904,911.53 18.77 358 39.30 5.761 636 78.95
6.000 - 6.499 66 28,061,871.99 16.00 358 39.14 6.250 630 80.66
6.500 - 6.999 100 42,102,279.42 24.01 358 39.01 6.733 614 82.30
7.000 - 7.499 43 17,210,626.44 9.82 358 40.49 7.263 583 82.50
7.500 - 7.999 49 20,052,240.32 11.44 358 40.05 7.720 567 80.57
8.000 - 8.499 26 11,213,306.88 6.40 358 41.52 8.218 558 78.99
8.500 - 8.999 22 9,144,952.97 5.22 358 41.00 8.707 541 76.46
9.000 - 9.499 6 2,392,670.14 1.36 359 45.80 9.174 546 80.62
9.500 - 9.999 8 3,310,498.41 1.89 358 42.46 9.806 529 73.56
10.000 - 10.499 1 431,885.93 0.25 358 39.00 10.250 506 65.00
10.500 - 10.999 3 1,383,163.84 0.79 358 37.05 10.866 534 65.93
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TOTAL: 415 $175,341,609.17 100.00% 358 39.72 6.911 603 80.14
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GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RANGE OF GROSS MARGINS (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 114 $ 49,323,011.43 28.13% 358 38.93 6.966 609 79.01
5.500 - 5.749 27 11,261,809.70 6.42 358 37.59 7.036 599 81.74
6.000 - 6.249 15 6,627,374.17 3.78 360 42.63 7.426 608 82.12
6.500 - 6.749 253 105,829,939.97 60.36 358 40.11 6.798 601 80.53
7.000 - 7.249 6 2,299,473.90 1.31 358 41.12 8.842 521 73.33
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TOTAL: 415 $175,341,609.17 100.00% 358 39.72 6.911 603 80.14
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-27-
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NEXT ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
NEXT ADJUSTMENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
DATE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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October 2005 3 $ 1,356,453.54 0.77% 353 41.12 6.439 632 82.80
November 2005 2 798,601.04 0.46 354 38.22 7.881 539 77.20
December 2005 11 4,555,661.89 2.60 355 41.47 6.838 591 82.53
January 2006 20 8,133,544.52 4.64 356 39.06 7.083 600 79.64
February 2006 57 23,401,164.14 13.35 357 41.01 7.025 585 80.40
March 2006 56 23,166,344.39 13.21 358 40.23 6.766 605 81.43
April 2006 158 67,493,410.05 38.49 359 40.06 6.883 608 80.40
May 2006 19 8,115,850.00 4.63 360 43.48 7.402 579 77.90
November 2006 1 347,070.47 0.20 354 45.00 7.990 508 85.00
December 2006 2 836,338.24 0.48 355 26.16 7.161 578 82.03
January 2007 5 2,020,158.05 1.15 356 43.99 6.020 603 79.29
February 2007 17 7,354,165.97 4.19 357 39.81 6.994 601 75.38
March 2007 21 9,087,797.81 5.18 358 37.70 7.052 597 80.25
April 2007 37 16,298,359.06 9.30 359 35.22 6.719 623 79.10
May 2007 6 2,376,690.00 1.36 360 37.10 6.862 636 82.99
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TOTAL: 415 $175,341,609.17 100.00% 358 39.72 6.911 603 80.14
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INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
INITIAL PERIODIC MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
CAP (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2.000 415 $175,341,609.17 100.00% 358 39.72 6.911 603 80.14
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TOTAL: 415 $175,341,609.17 100.00% 358 39.72 6.911 603 80.14
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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 (%)
-----------------------------------------------------------------------------------------------------------------------------------
1.000 415 $175,341,609.17 100.00% 358 39.72 6.911 603 80.14
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TOTAL: 415 $175,341,609.17 100.00% 358 39.72 6.911 603 80.14
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