EXHIBIT 99.1
The pool (the "Mortgage Pool") of Mortgage Loans transferred to the
trust (the "Mortgage Loans") consists 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,
to be dated as of January 1, 2004 (the "Mortgage Loan Purchase Agreement"),
between the Seller and the Depositor. Pursuant to the Pooling and Servicing
Agreement, to be dated as of January 1, 2004 (the "Pooling and Servicing
Agreement"), among the Depositor, the Master Servicer and the Trustee, the
Depositor will cause 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 93.21% of the Mortgage Loans included in the Mortgage
Pool on the Closing Date, by aggregate scheduled principal balance
of the Mortgage Loans as of the Cut-off Date, were originated by the Seller's
wholesale lending subsidiary, Argent Mortgage Company, LLC ("Argent"), and
approximately 6.79% of the Mortgage Loans included in the Mortgage Pool on the
Closing Date, by aggregate scheduled principal balance of the
Mortgage Loans as of the Cut-off Date, were originated by the Seller's
subsidiary Town & Country Credit Corporation through its wholesale lending
division, Olympus Mortgage Company ("Olympus" and together with Argent, the
"Originators").
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 74.14% of the
adjustable-rate Group I Mortgage Loans included in the Mortgage Pool on the
Closing Date and approximately 70.75% of the adjustable-rate Group
II Mortgage Loans included in the Mortgage Pool on the Closing Date
will occur after an initial period of two years after origination and the first
adjustment for approximately 25.86% of the adjustable- rate Group I Mortgage
Loans included in the Mortgage Pool on the Closing Date and
approximately 29.25% of the adjustable-rate Group II Mortgage Loans included in
the Mortgage Pool on the Closing Date 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 (as defined
below) 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 will have scheduled monthly payments due on the
first day of the month (with respect to each Mortgage Loan, a "Due Date"). Each
Mortgage Loan will contain 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 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 73.21% of the Group I Mortgage Loans included in the
Mortgage Pool on the Closing Date and approximately 74.22% of the Group II
Mortgage Loans included in the Mortgage Pool on the Closing Date, 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 both loan groups, 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 included in the Mortgage Pool on the Closing
Date consist of approximately 3,407 adjustable-rate and fixed-rate Mortgage
Loans having an aggregate principal balance as of the Cut- off Date of
approximately $532,476,829, after application of scheduled payments due on or
before the Cut-off Date whether or not received and application of all
unscheduled payments of principal received prior to the Closing Date. None of
the Group I Mortgage Loans had a first Due Date prior to August 2003 or after
February 2004, or will have a remaining term to stated maturity of less than 176
months or greater than 360 months as of the Cut-off Date. The latest maturity
date of any Group I Mortgage Loan included in the Mortgage Pool on the Closing
Date is January 2034.
The Group I Mortgage Loans included in the Mortgage Pool on the Closing
Date are expected to have the following characteristics as of the Cut-off Date
(the sum in any column may not equal the total indicated due to rounding):
PRINCIPAL BALANCES OF THE GROUP I MORTGAGE LOANS(1)
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
RANGE OF PRINCIPAL BALANCES AS NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
OF THE CUT-OFF DATE ($) MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
----------------------- -------------- ------------------- ----------------
50,000.01 -75,000.00..................... 336 $ 22,775,272.40 4.28%
75,000.01 -100,000.00.................... 549 47,933,791.18 9.00
100,000.01 -125,000.00.................... 488 54,979,907.23 10.33
125,000.01 -150,000.00.................... 482 66,624,038.54 12.51
150,000.01 -175,000.00.................... 410 66,556,870.92 12.50
175,000.01 -200,000.00.................... 291 54,374,983.10 10.21
200,000.01 -225,000.00.................... 241 51,289,059.46 9.63
225,000.01 -250,000.00.................... 195 46,514,056.83 8.74
250,000.01 -275,000.00.................... 134 35,135,155.17 6.60
275,000.01 -300,000.00.................... 141 40,614,676.05 7.63
300,000.01 -325,000.00.................... 101 31,413,066.27 5.90
325,000.01 -350,000.00.................... 14 4,722,342.92 0.89
350,000.01 -375,000.00.................... 14 5,087,750.49 0.96
375,000.01 -400,000.00.................... 8 3,150,150.44 0.59
400,000.01 -425,000.00.................... 2 817,306.76 0.15
475,000.01 -500,000.00.................... 1 488,401.55 0.09
----- ------------------ ------
Total................................ 3,407 $ 532,476,829.31 100.00%
===== ================== ======
______________
(1) The average principal balance as of the Cut-off Date of the Group I
Mortgage Loans described in this table will be approximately $156,289.
MORTGAGE RATES OF THE GROUP I MORTGAGE LOANS(1)
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
CURRENT MORTGAGE RATE (%) MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
------------------------- -------------- ------------------- ----------------
5.000 - 5.999........................... 182 $ 37,827,411.52 7.10%
6.000 - 6.999........................... 932 166,350,796.42 31.24
7.000 - 7.999........................... 1,210 188,047,678.85 35.32
8.000 - 8.999........................... 826 110,652,363.52 20.78
9.000 - 9.999........................... 204 23,044,741.91 4.33
10.000 -10.999........................... 38 4,890,569.55 0.92
11.000 -11.999........................... 8 945,676.49 0.18
12.000 -12.999........................... 6 632,907.76 0.12
13.000 -13.999........................... 1 84,683.29 0.02
----- ------------------ ------
Total................................... 3,407 $ 532,476,829.31 100.00%
===== ================== ======
______________
(1) The weighted average current Mortgage Rate as of the Cut-off Date of the
Group I Mortgage Loans described in this table will be approximately 7.385%
per annum.
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE GROUP I MORTGAGE LOANS(1)
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
MAXIMUM MORTGAGE RATE (%) MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
------------------------- -------------- ------------------- ----------------
11.001 -11.500........................... 29 $ 6,037,501.45 1.51%
11.501 -12.000........................... 98 19,950,566.00 5.00
12.001 -12.500........................... 225 42,499,833.50 10.64
12.501 -13.000........................... 391 68,883,540.61 17.25
13.001 -13.500........................... 449 72,763,905.66 18.22
13.501 -14.000........................... 509 76,569,690.75 19.17
14.001 -14.500........................... 410 55,847,131.93 13.98
14.501 -15.000........................... 255 33,080,242.92 8.28
15.001 -15.500........................... 116 13,443,286.80 3.37
15.501 -16.000........................... 44 4,932,548.73 1.24
16.001 -16.500........................... 18 2,281,432.37 0.57
16.501 -17.000........................... 12 1,706,214.48 0.43
17.001 -17.500........................... 4 478,688.68 0.12
17.501 -18.000........................... 2 296,747.55 0.07
18.001 -18.500........................... 4 457,331.18 0.11
18.501 -19.000........................... 1 65,634.46 0.02
19.501 -20.000........................... 1 84,683.29 0.02
----- ------------------ ------
Total................................... 2,568 $ 399,378,980.36 100.00%
===== ================== ======
______________
(1) The weighted average Maximum Mortgage Rate as of the Cut-off Date of the
adjustable-rate Group I Mortgage Loans described in this table will be
approximately 13.496% per annum.
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE GROUP I MORTGAGE LOANS(1)
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
MINIMUM MORTGAGE RATE (%) MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
------------------------- -------------- ------------------- ----------------
5.001 - 5.500........................... 29 $ 6,037,501.45 1.51%
5.501 - 6.000........................... 98 19,950,566.00 5.00
6.001 - 6.500........................... 225 42,499,833.50 10.64
6.501 - 7.000........................... 391 68,883,540.61 17.25
7.001 - 7.500........................... 449 72,763,905.66 18.22
7.501 - 8.000........................... 509 76,569,690.75 19.17
8.001 - 8.500........................... 410 55,847,131.93 13.98
8.501 - 9.000........................... 255 33,080,242.92 8.28
9.001 - 9.500........................... 116 13,443,286.80 3.37
9.501 -10.000........................... 44 4,932,548.73 1.24
10.001 -10.500........................... 18 2,281,432.37 0.57
10.501 -11.000........................... 12 1,706,214.48 0.43
11.001 -11.500........................... 4 478,688.68 0.12
11.501 -12.000........................... 2 296,747.55 0.07
12.001 -12.500........................... 4 457,331.18 0.11
12.501 -13.000........................... 1 65,634.46 0.02
13.501 -14.000........................... 1 84,683.29 0.02
----- ------------------ ------
Total................................... 2,568 $ 399,378,980.36 100.00%
===== ================== ======
______________
(1) The weighted average Minimum Mortgage Rate as of the Cut-off Date of the
adjustable-rate Group I Mortgage Loans described in this table will be
approximately 7.496% per annum.
GROSS MARGINS OF THE ADJUSTABLE-RATE GROUP I MORTGAGE LOANS(1)
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
GROSS MARGINS (%) MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
----------------- -------------- ------------------- ----------------
4.001 -4.500.............................. 399 $ 57,432,625.18 14.38%
4.501 -5.000.............................. 2 234,321.23 0.06
5.001 -5.500.............................. 135 25,210,254.71 6.31
5.501 -6.000.............................. 9 1,298,786.01 0.33
6.001 -6.500.............................. 2,005 311,787,461.13 78.07
6.501 -7.000.............................. 2 273,079.50 0.07
7.001 -7.500.............................. 16 3,142,452.60 0.79
----- ------------------ ------
Total..................................... 2,568 $ 399,378,980.36 100.00%
===== ================== ======
______________
(1) The weighted average Gross Margin as of the Cut-off Date of the
adjustable-rate Group I Mortgage Loans described in this table will be
approximately 6.150% per annum.
NEXT ADJUSTMENT DATE FOR THE ADJUSTABLE-RATE GROUP I MORTGAGE LOANS(1)
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
NEXT ADJUSTMENT DATE MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
-------------------- -------------- ------------------- ----------------
August 2005............................... 11 $ 1,661,447.95 0.42%
September 2005............................ 25 3,552,035.77 0.89
October 2005.............................. 57 7,898,628.71 1.98
November 2005............................. 661 100,861,701.30 25.25
December 2005............................. 1,156 178,930,086.29 44.80
January 2006.............................. 28 3,214,690.00 0.80
July 2006................................. 1 269,506.57 0.07
September 2006............................ 2 316,627.78 0.08
October 2006.............................. 14 2,373,292.86 0.59
November 2006............................. 199 33,138,289.12 8.30
December 2006............................. 411 66,894,624.01 16.75
January 2007.............................. 3 268,050.00 0.07
----- ------------------ ------
Total............................... 2,568 $ 399,378,980.36 100.00%
===== ================== ======
______________
(1) The weighted average next Adjustment Date as of the Cut-off Date for the
adjustable-rate Group I Mortgage Loans described in this table will be
February 2006.
ORIGINAL LOAN-TO-VALUE RATIOS OF THE GROUP I MORTGAGE LOANS(1)
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
ORIGINAL LOAN-TO-VALUE RATIO (%) MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
-------------------------------- -------------- ------------------- ----------------
20.00 or less............................. 1 $ 99,426.94 0.02%
20.01 - 25.00............................. 4 389,462.82 0.07
25.01 - 30.00............................. 2 154,821.38 0.03
30.01 - 35.00............................. 3 224,599.39 0.04
35.01 - 40.00............................. 10 1,321,190.64 0.25
40.01 - 45.00............................. 21 2,570,904.83 0.48
45.01 - 50.00............................. 17 2,308,240.85 0.43
50.01 - 55.00............................. 34 4,691,374.98 0.88
55.01 - 60.00............................. 49 7,755,260.80 1.46
60.01 - 65.00............................. 96 14,465,195.86 2.72
65.01 - 70.00............................. 123 19,205,636.43 3.61
70.01 - 75.00............................. 238 35,285,768.65 6.63
75.01 - 80.00............................. 487 77,137,527.39 14.49
80.01 - 85.00............................. 422 64,229,272.16 12.06
85.01 - 90.00............................. 1,005 151,575,734.53 28.47
90.01 - 95.00............................. 895 151,062,411.66 28.37
----- ------------------ ------
Total..................................... 3,407 $ 532,476,829.31 100.00%
===== ================== ======
______________
(1) The weighted average original loan-to-value ratio as of the Cut-off Date of
the Group I Mortgage Loans described in this table will be approximately
85.04%.
MORTGAGED PROPERTY TYPES OF THE GROUP I MORTGAGE LOANS
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
PROPERTY TYPE MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
------------- -------------- ------------------- ----------------
Single Family Detached.................... 2,641 $ 403,070,613.33 75.7%
Two-to-Four Family........................ 293 56,191,060.46 10.55
Planned Unit Development Detached......... 210 36,483,973.76 6.85
Condominium............................... 195 29,140,445.98 5.47
Manufactured Housing/Mobile Home.......... 56 5,601,093.84 1.05
Planned Unit Development Attached......... 7 1,147,366.98 0.22
Single Family Attached.................... 5 842,274.96 0.16
----- ------------------ ------
Total..................................... 3,407 $ 532,476,829.31 100.00%
===== ================== ======
MORTGAGED PROPERTY OCCUPANCY STATUS OF THE GROUP I MORTGAGE LOANS(1)
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
OCCUPANCY STATUS MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
---------------- -------------- ------------------- ----------------
Primary................................... 2,970 $ 478,425,993.23 89.85%
Non-Owner Occupied........................ 413 50,255,226.55 9.44
Second Home............................... 24 3,795,609.53 0.71
----- ------------------ ------
Total.................................... 3,407 $ 532,476,829.31 100.00%
===== ================== ======
______________
(1) Occupancy status as represented by the mortgagor at the time of
origination.
PURPOSE OF THE GROUP I MORTGAGE LOANS
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
PURPOSE MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
------- -------------- ------------------- ----------------
Purchase.................................. 971 $ 148,826,665.93 27.95%
Refinance-Cashout(1)...................... 2,184 347,260,771.78 65.22
Refinance-Rate Term(2).................... 252 36,389,391.60 6.83
----- ------------------ ------
Total.................................... 3,407 $ 532,476,829.31 100.00%
===== ================== ======
______________
(1) Cash proceeds to the borrower inclusive of Debt Consolidation payments
exceed $2,000 or 2% of the original Principal Balance of the related
mortgage loan. Also includes all home equity loans originated in Texas with
any cash proceeds.
(2) Cash proceeds to the borrower inclusive of Debt Consolidation payments are
equal to or less than $2,000 or 2% of the original Principal Balance of the
related mortgage loan. Excludes home equity loans originated in Texas with
any cash proceeds.
GEOGRAPHIC DISTRIBUTION OF THE MORTGAGED PROPERTIES RELATING TO THE GROUP I MORTGAGE LOANS(1)
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS OF BALANCE OUTSTANDING AS OF
LOCATION MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE
-------- -------------- ---------------- ----------------
Alabama................................... 35 $ 3,640,038.89 0.68%
Alaska.................................... 10 1,953,231.30 0.37
Arizona................................... 180 21,820,025.80 4.10
Arkansas.................................. 2 150,908.74 0.03
California................................ 645 128,859,815.31 24.20
Colorado.................................. 66 11,839,320.77 2.22
Connecticut............................... 81 13,938,326.32 2.62
Delaware.................................. 2 301,544.11 0.06
Florida................................... 467 63,422,662.91 11.91
Georgia................................... 61 9,491,606.20 1.78
Hawaii.................................... 15 3,790,310.43 0.71
Idaho..................................... 3 295,129.76 0.06
Illinois.................................. 290 47,509,887.27 8.92
Indiana................................... 46 4,103,652.23 0.77
Iowa...................................... 24 2,314,920.43 0.43
Kansas.................................... 18 2,146,937.97 0.40
Kentucky.................................. 21 1,969,166.05 0.37
Louisiana................................. 25 2,819,428.97 0.53
Maine..................................... 8 1,202,937.77 0.23
Maryland.................................. 64 11,372,905.66 2.14
Massachusetts............................. 47 10,296,026.46 1.93
Michigan.................................. 132 14,299,866.24 2.69
Minnesota................................. 67 11,186,817.12 2.10
Mississippi............................... 21 1,940,728.83 0.36
Missouri.................................. 71 7,599,976.07 1.43
Montana................................... 1 168,908.49 0.03
Nebraska.................................. 1 145,657.51 0.03
Nevada.................................... 77 12,689,751.59 2.38
New Hampshire............................. 3 438,018.05 0.08
New Jersey................................ 94 17,403,999.73 3.27
New Mexico................................ 16 1,932,048.24 0.36
New York.................................. 167 40,830,369.65 7.67
North Carolina............................ 31 4,051,222.36 0.76
Ohio...................................... 125 12,216,924.44 2.29
Oklahoma.................................. 16 1,838,240.39 0.35
Oregon.................................... 42 6,363,999.57 1.20
Pennsylvania.............................. 61 7,646,485.44 1.44
Rhode Island.............................. 35 5,918,365.71 1.11
South Carolina............................ 13 1,268,046.10 0.24
Tennessee................................. 34 3,861,551.58 0.73
Texas..................................... 128 14,179,358.76 2.66
Utah...................................... 58 8,153,349.25 1.53
Washington................................ 65 10,560,052.44 1.98
Wisconsin................................. 37 4,278,133.24 0.80
Wyoming................................... 2 266,175.16 0.05
----- ------------------ ------
Total:.............................. 3,407 $ 532,476,829.31 100.00%
===== ================== ======
______________
(1) The greatest ZIP Code geographic concentration of the Group I Mortgage
Loans described in this table is approximately 0.30% in the 95206 ZIP Code.
QUALIFYING FICO SCORES FOR THE GROUP I MORTGAGE LOANS AT ORIGINATION(1)
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
QUALIFYING FICO SCORE MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
--------------------- -------------- ------------------- ----------------
500 -524................................ 147 $ 20,678,292.15 3.88%
525 -549................................ 235 33,249,916.48 6.24
550 -574................................ 401 59,527,339.38 11.18
575 -599................................ 417 63,613,983.69 11.95
600 -624................................ 793 124,528,994.10 23.39
625 -649................................ 583 93,472,237.06 17.55
650 -674................................ 384 63,061,770.29 11.84
675 -699................................ 235 38,378,191.97 7.21
700 -724................................ 93 16,277,213.15 3.06
725 -749................................ 78 12,648,574.39 2.38
750 -774................................ 29 4,992,910.69 0.94
775 -799................................ 11 1,971,473.35 0.37
800 -824................................ 1 75,932.61 0.01
----- ------------------ ------
Total............................... 3,407 $ 532,476,829.31 100.00%
===== ================== ======
______________
(1) The weighted average qualifying FICO score at origination of the Group I
Mortgage Loans described in this table that had FICO scores was
approximately 618.
INCOME DOCUMENTATION OF THE GROUP I MORTGAGE LOANS
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
INCOME DOCUMENTATION MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
-------------------- -------------- ------------------- ----------------
Full Documentation........................ 2,298 $ 346,201,298.48 65.02%
Stated Documentation...................... 971 163,177,023.81 30.64
Limited Documentation..................... 138 23,098,507.02 4.34
----- ------------------ ------
Total..................................... 3,407 $ 532,476,829.31 100.00%
===== ================== ======
______________
RISK CATEGORIES FOR THE GROUP I MORTGAGE LOANS
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
RISK CATEGORY (1) MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
----------------- -------------- ------------------- ----------------
I......................................... 2,316 $ 360,498,825.20 67.70%
II........................................ 298 47,978,111.34 9.01
III....................................... 279 40,405,260.32 7.59
IV........................................ 207 31,684,797.30 5.95
V......................................... 80 11,063,439.48 2.08
VI........................................ 24 3,113,235.32 0.58
A......................................... 159 29,746,698.78 5.59
A-........................................ 11 1,904,449.96 0.36
B......................................... 9 1,507,290.34 0.28
C......................................... 8 1,877,693.23 0.35
C-........................................ 16 2,697,028.04 0.51
----- ------------------ ------
Total..................................... 3,407 $ 532,476,829.31 100.00%
===== ================== ======
______________
(1) Letters correspond to risk categories of Olympus Mortgage Company and
roman numerals correspond to risk categories of Argent Mortgage Company,
LLC.
GROUP II MORTGAGE LOAN STATISTICS
The Group II Mortgage Loans consist of approximately 606
adjustable-rate and fixed-rate Mortgage Loans having an aggregate principal
balance as of the Cut-off Date of approximately $167,523,158, after application
of scheduled payments due on or before the Cut-off Date whether or not received
and application of all unscheduled payments of principal received prior to the
Closing Date. None of the Group II Mortgage Loans had a first Due
Date prior to September 2003 or after February 2004, or will have a remaining
term to stated maturity of less than 177 months or greater than 360 months as of
the Cut-off Date. The latest maturity date of any Group II Mortgage Loan
included in the Mortgage Pool on the Closing Date is January 2034.
The Group II Mortgage Loans are expected to have the following
characteristics as of the Cut-off Date (the sum in any column may not equal the
total indicated due to rounding):
PRINCIPAL BALANCES OF THE GROUP II MORTGAGE LOANS(1)
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
RANGE OF PRINCIPAL BALANCES AS NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
OF THE CUT-OFF DATE ($) MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
----------------------- -------------- ------------------- ----------------
50,000.01 -75,000.00..................... 54 $ 3,617,250.02 2.16%
75,000.01 -100,000.00.................... 68 5,875,225.38 3.51
100,000.01 -125,000.00.................... 53 5,850,661.60 3.49
125,000.01 -150,000.00.................... 38 5,290,045.51 3.16
150,000.01 -175,000.00.................... 12 1,941,906.04 1.16
175,000.01 -200,000.00.................... 21 3,953,813.56 2.36
200,000.01 -225,000.00.................... 18 3,835,380.22 2.29
225,000.01 -250,000.00.................... 8 1,929,295.06 1.15
250,000.01 -275,000.00.................... 5 1,307,481.14 0.78
275,000.01 -300,000.00.................... 1 297,987.22 0.18
300,000.01 -325,000.00.................... 10 3,144,673.11 1.88
325,000.01 -350,000.00.................... 69 23,258,844.59 13.88
350,000.01 -375,000.00.................... 45 16,332,467.11 9.75
375,000.01 -400,000.00.................... 41 16,013,106.19 9.56
400,000.01 -425,000.00.................... 46 18,975,745.69 11.33
425,000.01 -450,000.00.................... 48 21,012,180.29 12.54
450,000.01 -475,000.00.................... 25 11,545,295.92 6.89
475,000.01 -500,000.00.................... 29 14,227,814.97 8.49
500,000.01 -525,000.00.................... 3 1,552,187.81 0.93
525,000.01 -550,000.00.................... 2 1,073,994.79 0.64
550,000.01 -575,000.00.................... 2 1,113,637.09 0.66
575,000.01 -600,000.00.................... 2 1,181,588.62 0.71
600,000.01 -625,000.00.................... 1 609,453.88 0.36
625,000.01 -650,000.00.................... 1 649,423.71 0.39
675,000.01 -700,000.00.................... 1 690,917.08 0.41
725,000.01 -750,000.00.................... 3 2,242,781.83 1.34
--- ------------------ ------
Total................................ 606 $ 167,523,158.43 100.00%
=== ================== ======
______________
(1) The average principal balance as of the Cut-off Date of the Group II
Mortgage Loans described in this table will be approximately $276,441.
MORTGAGE RATES OF THE GROUP II MORTGAGE LOANS(1)
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
CURRENT MORTGAGE RATE (%) MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
------------------------- -------------- ------------------- ----------------
5.000 - 5.999............................ 50 $ 19,567,238.30 11.68%
6.000 - 6.999............................ 177 61,805,979.53 36.89
7.000 - 7.999............................ 166 49,649,447.10 29.64
8.000 - 8.999............................ 132 25,052,129.14 14.95
9.000 - 9.999............................ 67 8,964,693.44 5.35
10.000 -10.999............................ 9 1,462,722.96 0.87
11.000 -11.999............................ 2 471,663.17 0.28
12.000 -12.999............................ 2 428,939.78 0.26
13.000 -13.999............................ 1 120,345.01 0.07
--- ------------------ ------
Total.................................... 606 $ 167,523,158.43 100.00%
=== ================== ======
______________
(1) The weighted average current Mortgage Rate as of the Cut-off Date of the
Group II Mortgage Loans described in this table will be approximately
7.218% per annum.
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE GROUP II MORTGAGE LOANS(1)
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
MAXIMUM MORTGAGE RATE (%) MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
------------------------- -------------- ------------------- ----------------
11.001 -11.500............................ 5 $ 1,961,533.09 2.17%
11.501 -12.000............................ 18 7,385,443.48 8.16
12.001 -12.500............................ 40 16,469,532.41 18.19
12.501 -13.000............................ 45 18,269,864.90 20.18
13.001 -13.500............................ 43 17,677,313.60 19.53
13.501 -14.000............................ 35 14,229,995.45 15.72
14.001 -14.500............................ 19 7,866,241.46 8.69
14.501 -15.000............................ 7 2,948,520.91 3.26
15.001 -15.500............................ 4 1,724,604.80 1.91
15.501 -16.000............................ 1 468,526.62 0.52
16.001 -16.500............................ 1 409,639.58 0.45
16.501 -17.000............................ 1 367,364.61 0.41
17.001 -17.500............................ 1 399,739.23 0.44
18.001 -18.500............................ 1 344,960.11 0.38
--- ----------------- ------
Total.............................. 221 $ 90,523,280.25 100.00%
=== ================= ======
______________
(1) The weighted average Maximum Mortgage Rate as of the Cut-off Date of the
adjustable-rate Group II Mortgage Loans described in this table will be
approximately 13.176% per annum.
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE GROUP II MORTGAGE LOANS(1)
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
MINIMUM MORTGAGE RATE (%) MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
------------------------- -------------- ------------------- ----------------
5.001 - 5.500............................ 5 $ 1,961,533.09 2.17%
5.501 - 6.000............................ 18 7,385,443.48 8.16
6.001 - 6.500............................ 40 16,469,532.41 18.19
6.501 - 7.000............................ 45 18,269,864.90 20.18
7.001 - 7.500............................ 43 17,677,313.60 19.53
7.501 - 8.000............................ 35 14,229,995.45 15.72
8.001 - 8.500............................ 19 7,866,241.46 8.69
8.501 - 9.000............................ 7 2,948,520.91 3.26
9.001 - 9.500............................ 4 1,724,604.80 1.91
9.501 -10.000............................ 1 468,526.62 0.52
10.001 -10.500............................ 1 409,639.58 0.45
10.501 -11.000............................ 1 367,364.61 0.41
11.001 -11.500............................ 1 399,739.23 0.44
12.001 -12.500............................ 1 344,960.11 0.38
--- ----------------- ------
Total.............................. 221 $ 90,523,280.25 100.00%
=== ================= ======
______________
(1) The weighted average Minimum Mortgage Rate as of the Cut-off Date of the
adjustable-rate Group II Mortgage Loans described in this table will be
approximately 7.176% per annum.
GROSS MARGINS OF THE ADJUSTABLE-RATE GROUP II MORTGAGE LOANS(1)
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
GROSS MARGINS (%) MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
----------------- -------------- ------------------- ----------------
4.001 - 4.500............................ 25 $ 9,808,164.41 10.83%
5.001 - 5.500............................ 15 5,646,786.30 6.24
5.501 - 6.000............................ 2 889,221.76 0.98
6.001 - 6.500............................ 177 73,369,729.03 81.05
6.501 - 7.000............................ 1 392,661.40 0.43
7.001 - 7.500............................ 1 416,717.35 0.46
--- ----------------- ------
Total.............................. 221 $ 90,523,280.25 100.00%
=== ================= ======
______________
(1) The weighted average Gross Margin as of the Cut-off Date of the
adjustable-rate Group II Mortgage Loans described in this table will be
approximately 6.219% per annum.
NEXT ADJUSTMENT DATE FOR THE ADJUSTABLE-RATE GROUP II MORTGAGE LOANS(1)
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
NEXT ADJUSTMENT DATE MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
-------------------- -------------- ------------------- ----------------
August 2005............................... 3 $ 1,108,914.12 1.23%
September 2005............................ 3 1,352,258.21 1.49
October 2005.............................. 7 2,856,795.05 3.16
November 2005............................. 67 27,891,557.68 30.81
December 2005............................. 76 30,409,991.78 33.59
January 2006.............................. 1 430,000.00 0.48
September 2006............................ 2 819,260.20 0.91
October 2006.............................. 2 785,419.21 0.87
November 2006............................. 17 6,885,619.31 7.61
December 2006............................. 43 17,983,464.69 19.87
--- ----------------- ------
Total.............................. 221 $ 90,523,280.25 100.00%
=== ================= ======
______________
(1) The weighted average next Adjustment Date as of the Cut-off Date for the
adjustable-rate Group II Mortgage Loans described in this table will be
February 2006.
ORIGINAL LOAN-TO-VALUE RATIOS OF THE GROUP II MORTGAGE LOANS(1)
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
ORIGINAL LOAN-TO-VALUE RATIO (%) MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
-------------------------------- -------------- ------------------- ----------------
25.01 - 30.00........................... 1 $ 69,928.64 0.04%
30.01 - 35.00........................... 1 149,797.22 0.09
35.01 - 40.00........................... 2 209,647.41 0.13
40.01 - 45.00........................... 6 923,266.92 0.55
45.01 - 50.00........................... 4 687,135.61 0.41
50.01 - 55.00........................... 9 1,957,478.27 1.17
55.01 - 60.00........................... 23 5,102,093.04 3.05
60.01 - 65.00........................... 30 7,376,601.18 4.40
65.01 - 70.00........................... 34 8,963,845.66 5.35
70.01 - 75.00........................... 64 16,762,624.90 10.01
75.01 - 80.00........................... 122 32,145,127.13 19.19
80.01 - 85.00........................... 87 20,732,843.02 12.38
85.01 - 90.00........................... 145 44,851,231.39 26.77
90.01 - 95.00........................... 78 27,591,538.04 16.47
--- ------------------ ------
Total.................................... 606 $ 167,523,158.43 100.00%
=== ================== ======
______________
(1) The weighted average original loan-to-value ratio as of the Cut-off Date of
the Group II Mortgage Loans described in this table will be approximately
81.89%.
MORTGAGED PROPERTY TYPES OF THE GROUP II MORTGAGE LOANS
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
PROPERTY TYPE MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
------------- -------------- ------------------- ----------------
Single Family Detached.................... 480 $ 130,934,822.34 78.16%
Planned Unit Development Detached......... 50 15,570,866.77 9.29
Two-to-Four Family........................ 42 13,372,335.75 7.98
Condominium............................... 20 5,455,355.59 3.26
Manufactured Housing / Mobile Home........ 10 1,186,854.54 0.71
Planned Unit Development Attached......... 4 1,002,923.44 0.60
--- ------------------ ------
Total.................................... 606 $ 167,523,158.43 100.00%
=== ================== ======
MORTGAGED PROPERTY OCCUPANCY STATUS OF THE GROUP II MORTGAGE LOANS(1)
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
OCCUPANCY STATUS MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
---------------- -------------- ------------------- ----------------
Primary................................... 577 $ 161,064,736.12 96.14%
Non-Owner Occupied........................ 27 5,856,874.24 3.50
Second Home............................... 2 601,548.07 0.36
--- ------------------ ------
Total.................................... 606 $ 167,523,158.43 100.00%
=== ================== ======
______________
(1) Occupancy status as represented by the mortgagor at the time of
origination.
PURPOSE OF THE GROUP II MORTGAGE LOANS
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
PURPOSE MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
------- -------------- ------------------- ----------------
Purchase.................................. 115 $ 39,390,706.25 23.51%
Refinance-Cashout(1)...................... 450 118,496,157.54 70.73
Refinance-Rate Term(2).................... 41 9,636,294.64 5.75
--- ------------------ ------
Total.................................... 606 $ 167,523,158.43 100.00%
=== ================== ======
______________
(1) Cash proceeds to the borrower inclusive of Debt Consolidation payments
exceed $2,000 or 2% of the original Principal Balance of the related
mortgage loan. Also includes all home equity loans originated in Texas
with any cash proceeds.
(2) Cash proceeds to the borrower inclusive of Debt Consolidation payments are
equal to or less than $2,000 or 2% of the original Principal Balance of
the related mortgage loan. Excludes home equity loans originated in Texas
with any cash proceeds.
GEOGRAPHIC DISTRIBUTION OF THE MORTGAGED PROPERTIES RELATING TO THE GROUP II MORTGAGE LOANS(1)
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
LOCATION MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
-------- -------------- ------------------- ----------------
Alaska.................................... 1 $ 120,345.01 0.07%
Alabama................................... 4 269,866.20 0.16
Arizona................................... 12 2,830,768.01 1.69
California................................ 199 71,727,772.07 42.82
Colorado.................................. 10 3,282,920.16 1.96
Connecticut............................... 14 4,301,714.56 2.57
Delaware.................................. 1 444,544.14 0.27
Florida................................... 67 13,703,683.20 8.18
Georgia................................... 4 1,021,018.09 0.61
Hawaii.................................... 2 825,131.51 0.49
Illinois.................................. 22 4,719,210.08 2.82
Indiana................................... 3 299,425.18 0.18
Kentucky.................................. 1 69,766.16 0.04
Louisiana................................. 5 375,760.60 0.22
Maine..................................... 1 123,465.86 0.07
Maryland.................................. 21 6,198,215.65 3.70
Massachusetts............................. 11 3,776,583.85 2.25
Michigan.................................. 10 1,179,244.44 0.70
Minnesota................................. 4 939,099.98 0.56
Mississippi............................... 2 131,741.60 0.08
Missouri.................................. 2 171,114.99 0.10
Nevada.................................... 10 2,637,997.62 1.57
New Hampshire............................. 2 433,986.77 0.26
New Jersey................................ 28 9,243,314.16 5.52
New York.................................. 63 22,871,193.67 13.65
North Carolina............................ 2 463,548.49 0.28
Ohio...................................... 32 2,671,386.39 1.59
Oklahoma.................................. 5 751,522.62 0.45
Oregon.................................... 1 174,891.78 0.10
Pennsylvania.............................. 7 968,251.39 0.58
Rhode Island.............................. 5 908,433.87 0.54
South Carolina............................ 3 272,557.71 0.16
Tennessee................................. 7 866,375.10 0.52
Texas..................................... 32 5,046,895.70 3.01
Utah...................................... 2 364,712.62 0.22
Vermont................................... 1 107,824.16 0.06
Washington................................ 7 2,260,258.47 1.35
Wisconsin................................. 2 811,115.04 0.48
Wyoming................................... 1 157,501.53 0.09
--- ------------------ ------
Total:............................. 606 $ 167,523,158.43 100.00%
=== ================== ======
______________
(1) The greatest ZIP Code geographic concentration of the Group II Mortgage
Loans described in this table is approximately 0.95% in the 95122 ZIP Code.
QUALIFYING FICO SCORES FOR THE GROUP II MORTGAGE LOANS AT ORIGINATION(1)
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
QUALIFYING FICO SCORE MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
--------------------- -------------- ------------------- ----------------
500-524.................................. 43 $ 6,853,249.37 4.09%
525-549.................................. 73 13,107,691.04 7.82
550-574.................................. 148 25,481,220.51 15.21
575-599.................................. 105 24,991,179.08 14.92
600-624.................................. 71 28,915,343.96 17.26
625-649.................................. 62 24,618,844.23 14.70
650-674.................................. 47 19,426,260.69 11.60
675-699.................................. 23 10,056,893.60 6.00
700-724.................................. 11 4,480,446.00 2.67
725-749.................................. 9 3,479,576.43 2.08
750-774.................................. 8 3,583,079.28 2.14
775-799.................................. 6 2,529,374.24 1.51
--- ------------------ ------
Total................................ 606 $ 167,523,158.43 100.00%
=== ================== ======
______________
(1) The weighted average qualifying FICO score at origination of the Group II
Mortgage Loans described in this table that had FICO scores was
approximately 615.
INCOME DOCUMENTATION OF THE GROUP II MORTGAGE LOANS
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
INCOME DOCUMENTATION MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
-------------------- -------------- ------------------- ----------------
Full Documentation........................ 414 $ 99,716,565.45 59.52%
Stated Documentation...................... 173 62,005,580.16 37.01
Limited Documentation..................... 19 5,801,012.82 3.46
--- ------------------ ------
Total................................ 606 $ 167,523,158.43 100.00%
=== ================== ======
______________
RISK CATEGORIES FOR THE GROUP II MORTGAGE LOANS
AGGREGATE PRINCIPAL % OF AGGREGATE PRINCIPAL
NUMBER OF BALANCE OUTSTANDING AS BALANCE OUTSTANDING AS OF
RISK CATEGORY(1) MORTGAGE LOANS OF THE CUT-OFF DATE THE CUT-OFF DATE
---------------- -------------- ------------------- ----------------
I......................................... 381 $ 113,147,078.06 67.54%
II........................................ 58 15,462,982.14 9.23
III....................................... 56 11,252,775.09 6.72
IV........................................ 36 8,630,792.69 5.15
V......................................... 33 7,361,094.81 4.39
VI........................................ 8 1,874,989.99 1.12
A......................................... 21 6,260,160.07 3.74
A-........................................ 5 978,504.82 0.58
B......................................... 3 574,671.26 0.34
C......................................... 1 264,822.19 0.16
C-........................................ 4 1,715,287.31 1.02
--- ------------------ ------
Total................................ 606 $ 167,523,158.43 100.00%
=== ================== ======
______________
(1) Letters correspond to risk categories of Olympus Mortgage Company and roman
numerals correspond to risk categories of Argent Mortgage Company, LLC.
