FOR INTERNAL USE ONLY
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METROPOLITAN ASSET FUNDING, INC.
1996-A
SALES MEMORANDUM
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
PRINCIPAL BALANCE # LOANS % OF TOTAL GWAC
----------------- ------- ---------- ----
TRANSACTION TOTAL $126,722,514.68 2,371 100.00 9.54
OVERVIEW Single Family $96,248,903.37 2,007 75.95 9.46
Commercial 30,473,611.31 364 24.05 9.80
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SEASONING, SEASONING WAM CLTV AVG. SCHED. BAL.
WAM, LTV --------- ------- ----- ----------------
AND AVG. Single Family 67 mos 189 mos 72.51% $47,956.60
SCHEDULED Commercial 81 121 55.65 83,718.71
BAL. ------------- --------- ------- ----- ----------------
TOTAL 70 MOS 173 MOS 68.45% $53,446.86
-------------------------------------------------------------------------------
-------------------------------------------------------------
COMMERCIAL PROPERTY TYPES
TYPE PRIN. BALANCE # % COM.
---- -------------- --- ------
Churches $ 952,148.71 10 3.1%
Hotel/Motel 2,890,989.93 20 9.5%
Industrial 1,868,706.32 29 6.1%
Mixed-use 3,230,282.18 44 10.6%
Multi-family 5,374,789.93 60 17.6%
Retail 12,155,218.10 166 39.9%
All Other* 4,001,476.14 35 13.1%
----------- -------------- --- ------
TOTAL $30,473,611.31 364 100.0%
*Nursing/Retire, RV/Mobile Home Park, Multi-unit Pro.
-------------------------------------------------------------
-------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION OF TOTAL COLLATERAL: TOP STATES
STATE PRIN. BALANCE # % TOTAL
----- -------------- ----- -------
TX $25,907,803.59 577 20.3%
CA 16,929,303.85 218 13.3%
WA 12,405,937.29 227 9.7%
FL 10,058,893.08 188 7.9%
NY 9,110,300.02 140 7.1%
AZ 5,240,655.95 125 4.1%
NJ 3,750,927.41 43 2.9%
----- -------------- ----- ------
TOTAL $83,403,821.19 1,518 65.3%
-------------------------------------------------------------
-------------------------------------------------------------------------------
PRINCIPAL BALANCE # LOANS % OF CLASS
----------------- ------- ----------
OWNER-OCCUPIED Single Family $ 66,041,689.53 1,315 68.62%
OR SINGLE TENANT Commercial 10,759,353.38 126 35.31
OCCUPIED ------------- ----------------- ------- ----------
TOTAL $ 76,807,042.91 1,441 60.61%
WTD. AVG.
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
PRINCIPAL BALANCE # LOANS % OF CLASS
----------------- ------- ----------
BALLOONS Single Family $ 18,917,428.17 320 19.66%
Commercial 7,177,869.86 71 23.56
------------- ----------------- ------- ----------
TOTAL $ 26,095,298.03 392 20.59%
WTD. AVG.
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
PRINCIPAL BALANCE # LOANS % OF CLASS
----------------- ------- ----------
SECURED BY Single Family $ 12,069,886.09 171 12.54%
PROPERTIES IN Commercial 4,859,417.76 47 15.95
CALIFORNIA ------------- ----------------- ------- ----------
TOTAL $ 16,929,303.85 218 13.36%
WTD. AVG.
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
PRINCIPAL BALANCE # LOANS % OF CLASS
----------------- ------- ----------
ORIGINATED FOR Single Family $ 90,168,273.53 1,934 71.15%
PURCHASE OF Commercial 30,113,671.64 361 23.76
PROPERTY ------------- ----------------- ------- ----------
TOTAL $120,281,945.17 2,295 94.92%
WTD. AVG.
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
PRINCIPAL BALANCE # LOANS % OF CLASS
----------------- ------- ----------
DELINQUENCY Single Family $ 1,406,322.08 30 1.46%
30+ DAYS* Commercial 318,199.70 3 1.04
------------- ----------------- ------- ----------
TOTAL $ 1,724,521.78 33 1.36%
WTD. AVG.
*All delinquent loans as of cut-off date are between 30-59 days delinquent.
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OFFERED SECURITIES
------------------------------------------------------------------------------------
PRIN WINDOW
----------------------------------------------------------------------------------------
CLASS RATING* PAR COUP SPRD PRICE YIELD A.L. 1ST LAST
----------------------------------------------------------------------------------------
A1 AAA/Aaa 42,460,468.66 1.231 1 30
--------------------------------- --------------------
A2 AAA/Aaa 24,513,122.56 3.380 30 53
--------------------------------- --------------------
A3 AAA/Aaa 9,241,971.12 TO BE PROVIDED 4.872 53 66
--------------------------------- --------------------
A4 AAA/Aaa 25,796,061.98 5.327 1 97
--------------------------------- --------------------
B1 AA/Aa2 6,969,738.31 5.327 1 97
--------------------------------- --------------------
X0 X/X0 4,435,288.01 5.327 1 97
--------------------------------- --------------------
B3 BBB/Baa2 3,801.675.44 8.467 97 106
----------------------------------------------------------------------------------------
*Rated by Duff & Xxxxxx and Xxxxx'x. Pricing speed 10 CPR. Settlement 11/26/96.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE
DESCRIPTION OF THE COLLATERAL CONTAINED IN THE PROSPECTUS.
STRUCTURED CAPITAL MANAGEMENT
000 XXXXXXX XXXXXXXXX, XXXXX 000 XXXXXXXXXX, XX 00000 (800) 782-2501
Xxxxx XXXXXX Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A DEAL SUMMARY
Thu Nov 14 11:56:04 1996
Settlement Date: 11/26/96 Scenario 3: 10.00% CPR, 0 BP
File Name: MET#3
-----------------------------------------------------------------------------------------------------------------------------------
TSY/ SPREAD/ GROSS AVG 1st LAST
# CLASS PAR COUPON INDEX DM YIELD PRICE LIFE DUR PMT PMT
---------------------------------------------------------------------------------------------------------------------------------
1 A1 - AAA 42,460,468.66 6.20000 5.510 0.700 6.20997 99.75198 1.214 1.122 1 30
2 A2 - AAA 24,513,122.56 7.05000 5.963 1.100 7.06257 99.89355 3.363 2.891 30 53
3 A3 - AAA 9,241,971.12 7.35000 6.089 1.300 7.38874 99.90736 4.855 3.946 53 66
4 A4 - AAA 25,796,061.98 7.30000 6.115 1.200 7.31482 100.01865 5.311 4.153 0 00
0 X0 - XX 6,969,738.31 7.50000 6.115 1.400 7.51481 100.03142 5.311 4.127 1 97
6 B2 - A 4,435,288.01 7.70000 6.115 1.600 7.71480 100.04460 5.311 4.100 1 97
7 B3 - BBB 3,801,675.44 8.25000 6.266 1.950 8.21620 100.60883 8.450 5.876 00 000
0 X0 - XX 4,118,481.73 8.25000 6.304 3.850 10.15424 89.31997 9.275 6.017 000 000
0 X0 - X 2,851,256.58 8.25000 6.333 8.000 14.33340 68.88690 10.101 5.720 117 126
10 PO - Unrated 2,534,450.29 96.87279 17.914 0.000 17.91446 110.39021 14.682 11.028 126 449
---------------------------------------------------------------------------------------------------------------------------------
TOTAL: 126,722,514.68 8.78392 9.09730 99.07556 4.046 3.520 1 449
-------------------------------------------------------------------------------------
FLAT ACCRUED UNDERWRITERS TOTAL
# CLASS PROCEEDS INTEREST DISCOUNT PROCEEDS
-------------------------------------------------------------------------------------
1 A1 - AAA 42,355,158.21 182,815.91 0.00 42,537,974.11
2 A2 - AAA 24,487,028.34 120,012.16 0.00 24,607,040.50
3 A3 - AAA 9,233,409.36 47,172.56 0.00 9,280,581.92
4 A4 - AAA 25,800,872.95 130,771.70 0.00 25,931,644.65
5 B1 - AA 6,971,928.20 36,300.72 0.00 7,008,228.92
6 B2 - A 4,437,266.15 23,716.47 0.00 4,460,982.62
7 B3 - BBB 3,824,821.18 21,780.43 0.00 3,846,601.61
8 B4 - BB 3,678,626.65 23,595.47 0.00 3,702,222.11
9 B5 - B 1,964,142.27 16,335.32 0.00 1,980,477.59
10 PO - Unrated 2,797,785.00 40,919.88 0.00 2,838,704.87
-------------------------------------------------------------------------------------
TOTAL: 125,551,038.29 643,420.63 0.00 126,194,458.92
Residual Yield : 0.00000 Collateral Principal Amount: 126,722,514.68 Residual Proceeds : 0.00
Residual Duration : 0.00000 Collateral Price : 100.00 Other Sources : 0.00
Net Collateral Cost : 126,722,514.68 TOTAL SOURCES : 126,194,458.92
Prepayment Method : CPR Collateral Accrued Interest: 773,000.24
Prepayment Rate (Initial) : 10.00000 Gross Collateral Cost : 127,495,514.92
Default Method : CPR Gross Collateral Cost: 127,495,514.92
Default Rate (Initial) : 0.00000 Cost of Issuance : 0.00
Initial Deposit : 0.00
Other Uses : 0.00
Number of Collateral Pools : 2371 TOTAL USES : 127,495,514.92
Weighted Average Coupon : 9.54
Weighted Average Net Coupon : 8.78
Weighted Average Maturity : 174.11 Profit/(Contribution): -1,301,056.00
Weighted Average Orig. Mat. : 248.05 Percent Profit : -1.03
Weighted Average Orig. Amort. Term: 279.97
Xxxxx XXXXXX Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A DEAL SUMMARY
Thu Nov 14 11:56:30 1996
Settlement Date: 11/26/96 Scenario 4: 15.00% CPR, 0 BP
File Name: MET#3
-----------------------------------------------------------------------------------------------------------------------------------
TSY/ SPREAD/ GROSS AVG 1st LAST
# CLASS PAR COUPON INDEX DM YIELD PRICE LIFE DUR PMT PMT
---------------------------------------------------------------------------------------------------------------------------------
1 A1 - AAA 42,460,468.66 6.20000 5.488 0.700 6.18817 99.75198 0.917 0.858 1 23
2 A2 - AAA 24,513,122.56 7.05000 5.939 1.100 7.03855 99.89355 2.595 2.291 23 41
3 A3 - AAA 9,241,971.12 7.35000 6.071 1.300 7.37078 99.90736 3.769 3.181 41 50
4 A4 - AAA 25,796,061.98 7.30000 6.102 1.200 7.30182 100.01865 4.528 3.662 0 00
0 X0 - XX 6,969,738.31 7.50000 6.101 1.400 7.50106 100.03142 4.528 3.642 1 82
6 B2 - A 4,435,288.01 7.70000 6.100 1.600 7.70030 100.04460 4.528 3.622 1 82
7 B3 - BBB 3,801,675.44 8.25000 6.244 1.950 8.19429 100.60883 7.176 5.228 00 00
0 X0 - XX 4,118,481.73 8.25000 6.501 3.850 10.35138 89.31997 7.933 5.419 00 000
0 X0 - X 2,851,256.58 8.25000 6.883 8.000 14.88302 68.88690 8.761 5.269 101 110
10 PO - Unrated 2,534,450.29 96.87279 18.056 0.000 18.05583 110.39021 12.650 9.637 110 449
---------------------------------------------------------------------------------------------------------------------------------
TOTAL: 126,722,514.68 8.78392 9.13102 99.07556 3.337 2.944 1 449
-------------------------------------------------------------------------------------
FLAT ACCRUED UNDERWRITERS TOTAL
# CLASS PROCEEDS INTEREST DISCOUNT PROCEEDS
-------------------------------------------------------------------------------------
1 A1 - AAA 42,355,158.21 182,815.91 0.00 42,537,974.11
2 A2 - AAA 24,487,028.34 120,012.16 0.00 24,607,040.50
3 A3 - AAA 9,233,409.36 47,172.56 0.00 9,280,581.92
4 A4 - AAA 25,800,872.95 130,771.70 0.00 25,931,644.65
5 B1 - AA 6,971,928.20 36,300.72 0.00 7,008,228.92
6 B2 - A 4,437,266.15 23,716.47 0.00 4,460,982.62
7 B3 - BBB 3,824,821.18 21,780.43 0.00 3,846,601.61
8 B4 - BB 3,678,626.65 23,595.47 0.00 3,702,222.11
9 B5 - B 1,964,142.27 16,335.32 0.00 1,980,477.59
10 PO - Unrated 2,797,785.00 40,919.88 0.00 2,838,704.87
-------------------------------------------------------------------------------------
TOTAL: 125,551.038.29 643,420.63 0.00 126,194,458.92
Residual Yield : 0.00000 Collateral Principal Amount: 126,722,514.68 Residual Proceeds : 0.00
Residual Duration : 0.00000 Collateral Price : 100.00 Other Sources : 0.00
Net Collateral Cost : 126,722,514.68 TOTAL SOURCES : 126,194,458.92
Prepayment Method : CPR Collateral Accrued Interest: 773,000.24
Prepayment Rate (Initial) : 15.00000 Gross Collateral Cost : 127,495,514.92
Default Method : CPR Gross Collateral Cost: 127,495,514.92
Default Rate (Initial) : 0.00000 Cost of Issuance : 0.00
Initial Deposit : 0.00
Other Uses : 0.00
Number of Collateral Pools : 2371 TOTAL USES : 127,495,514.92
Weighted Average Coupon : 9.54
Weighted Average Net Coupon : 8.78
Weighted Average Maturity : 174.11 Profit/(Contribution): -1,301,056.00
Weighted Average Orig. Mat. : 248.05 Percent Profit : -1.03
Weighted Average Orig. Amort. Term: 279.97
Xxxxx XXXXXX Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A DEAL SUMMARY
Thu Nov. 14 11:56:55 1996
Settlement Date: 11/26/96 Scenario 5: 20.00% CPR, O BP
File Name: MET#3
-----------------------------------------------------------------------------------------------------------------------
TSY/ SPREAD/ GROSS AVG 1st LAST
# CLASS PAR COUPON INDEX DM YIELD PRICE LIFE DUR PMT PMT
-----------------------------------------------------------------------------------------------------------------------
1 A1 - AAA 42,460,468.66 6.20000 5.464 0.700 6.16447 99.75198 0.724 0.683 1 18
2 A2 - AAA 24,513,122.56 7.05000 5.913 1.100 7.01275 99.89355 2.085 1.874 18 33
3 A3 - AAA 9,241,971.12 7.35000 6.051 1.300 7.35056 99.90736 3.012 2.612 33 40
4 A4 - AAA 25,796,061.98 7.30000 6.087 1.200 7.28718 100.01865 3.893 3.232 0 00
0 X0 - XX 6,969,738.31 7.50000 6.086 1.400 7.48558 100.03142 3.893 3.216 1 71
6 B2 - A 4,435,288.01 7.70000 6.084 1.600 7.68396 100.04460 3.893 3.201 1 71
7 B3 - BBB 3,801,675.44 8.25000 6.220 1.950 8.17000 100.60883 6.156 4.658 00 00
0 X0 - XX 4,118,481.73 8.25000 6.718 3.850 10.56778 89.31997 6.858 4.885 00 00
0 X0 - X 2,851,256.58 8.25000 7.508 8.000 15.50778 68.88690 7.634 4.831 88 96
10 PO - Unrated 2,534,450.29 96.87279 18.152 0.000 18.15210 110.39021 10.969 8.521 96 449
-----------------------------------------------------------------------------------------------------------------------
TOTAL 126,722,514.68 8.78392 9.16588 99.07556 2.807 2.506 1 449
-----------------------------------------------------------------------------------
FLAT ACCRUED UNDERWRITERS TOTAL
PROCEEDS INTEREST DISCOUNT PROCEEDS
-----------------------------------------------------------------------------------
1 A1 - AAA 42,355,158.21 182,815.91 0.00 42,537,974.11
2 A2 - AAA 24,487,028.34 120,012.16 0.00 24,607,040.50
3 A3 - AAA 9,233,409.36 47,172.56 0.00 9,280,581.92
4 A4 - AAA 25,800,872.95 130,771.70 0.00 25,931,644.65
5 B1 - AA 6,971,928.20 36,300.72 0.00 7,008,228.92
6 B2 - A 4,437,266.15 23,716.47 0.00 4,460,982.62
7 B3 - BBB 3,824,821.18 21,780.43 0.00 3,846,601.61
8 B4 - BB 3,678,626.65 23,595.47 0.00 3,702,222.11
9 B5 - B 1,964,142.27 16,335.32 0.00 1,980,477.59
10 PO - Unrated 2,797,785.00 40,919.88 0.00 2,838,704.87
-----------------------------------------------------------------------------------
TOTAL 125,551,038.29 643,420.63 0.00 126,194,458.92
Residual Yield : 0.00000 Collateral Principal Amount: 126,722,514.68 Residual Proceeds : 0.00
Residual Duration : 0.00000 Collateral Price : 100.00 Other Sources : 0.00
Net Collateral Cost : 126,722,514.68 TOTAL SOURCES : 126,194,458.92
Prepayment Method : CPR Collateral Accrued Interest: 773,000.24
Prepayment Rate (Initial) : 20.00000 Gross Collateral Cost : 127,495,514.92
Default Method : CPR Gross Collateral Cost: 127,495,514.92
Default Rate (Initial) : 0.00000 Cost of Issuance : 0.00
Initial Deposit : 0.00
Number of Collateral Pools : 2371 Other Uses : 0.00
Weighted Average Coupon : 9.54 TOTAL USES : 127,495,514.92
Weighted Average Net Coupon : 8.78
Weighted Average Maturity : 174.11 Profit/(Contribution): -1,301,056.00
Weighted Average Orig. Mat. : 248.05 Percent Profit : -1.03
Weighted Average Orig. Amort. Term: 279.97
Xxxxx XXXXXX Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A DEAL SUMMARY
Thu Nov. 14 11:56:55 1996
Settlement Date: 11/26/96 Scenario 5: 20.00% CPR, O BP
File Name: MET#3
-----------------------------------------------------------------------------------------------------------------------
TSY/ SPREAD/ GROSS AVG 1st LAST
# CLASS PAR COUPON INDEX DM YIELD PRICE LIFE DUR PMT PMT
-----------------------------------------------------------------------------------------------------------------------
1 A1 - AAA 42,460,468.66 6.20000 5.547 0.700 6.24718 99.75198 2.705 2.370 1 60
2 A2 - AAA 24,513,122.56 7.05000 6.004 1.100 7.10407 99.89355 6.918 5.276 60 108
3 A3 - AAA 9,241,971.12 7.35000 6.120 1.300 7.42046 99.90736 10.023 6.857 108 135
4 A4 - AAA 25,796,061.98 7.30000 6.132 1.200 7.33199 100.01865 6.988 5.046 0 000
0 X0 - XX 6,969,738.31 7.50000 6.133 1.400 7.53293 100.03142 6.988 5.005 1 141
6 B2 - A 4,435,288.01 7.70000 6.134 1.600 7.73387 100.04460 6.988 4.964 1 141
7 B3 - BBB 3,801,675.44 8.25000 6.303 1.950 8.25306 100.60883 12.171 7.425 000 000
0 X0 - XX 4,118,481.73 8.25000 5.980 3.850 9.82965 89.31997 13.012 7.342 000 000
0 X0 - X 2,851,256.58 8.25000 5.401 8.000 13.40147 68.88690 13.890 6.660 162 172
10 PO - Unrated 2,534,450.29 96.87279 17.609 0.000 17.60868 110.39021 19.931 14.959 172 449
-----------------------------------------------------------------------------------------------------------------------
TOTAL 126,722,514.68 8.78392 9.02961 99.07556 6.526 5.420 1 449
----------------------------------------------------------------------------------
FLAT ACCRUED UNDERWRITERS TOTAL
PROCEEDS INTEREST DISCOUNT PROCEEDS
----------------------------------------------------------------------------------
1 A1 - AAA 42,355,158.21 182,815.91 0.00 42,537,974.11
2 A2 - AAA 24,487,028.34 120,012.16 0.00 24,607,040.50
3 A3 - AAA 9,233,409.36 47,172.56 0.00 9,280,581.92
4 A4 - AAA 25,800,872.95 130,771.70 0.00 25,931,644.65
5 B1 - AA 6,971,928.20 36,300.72 0.00 7,008,228.92
6 B2 - A 4,437,266.15 23,716.47 0.00 4,460,982.62
7 B3 - BBB 3,824,821.18 21,780.43 0.00 3,846,601.61
8 B4 - BB 3,678,626.65 23,595.47 0.00 3,702,222.11
9 B5 - B 1,964,142.27 16,335.32 0.00 1,980,477.59
10 PO - Unrated 2,797,785.00 40,919.88 0.00 2,838,704.87
----------------------------------------------------------------------------------
TOTAL 125,551,038.29 643,420.63 0.00 126,194,458.92
Residual Yield : 0.00000 Collateral Principal Amount: 126,722,514.68 Residual Proceeds : 0.00
Residual Duration : 0.00000 Collateral Price : 100.00 Other Sources : 0.00
Net Collateral Cost : 126,722,514.68 TOTAL SOURCES : 126,194,458.92
Prepayment Method : CPR Collateral Accrued Interest: 773,000.24
Prepayment Rate (Initial) : 0.00000 Gross Collateral Cost : 127,495,514.92
Default Method : CPR Gross Collateral Cost: 127,495,514.92
Default Rate (Initial) : 0.00000 Cost of Issuance : 0.00
Initial Deposit : 0.00
Number of Collateral Pools : 2371 Other Uses : 0.00
Weighted Average Coupon : 9.54 TOTAL USES : 127,495,514.92
Weighted Average Net Coupon : 8.78
Weighted Average Maturity : 174.11 Profit/(Contribution): -1,301,056.00
Weighted Average Orig. Mat. : 248.05 Percent Profit : -1.03
Weighted Average Orig. Amort. Term: 279.97
Xxxxx XXXXXX Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A DEAL SUMMARY
Thu Nov.14 11:55:39 1996
Settlement Date: 11/26/96 Scenario 2: 5.00% CPR, 0 BP
File Name : MET#3
-----------------------------------------------------------------------------------------------------------------------
TSY/ SPREAD/ GROSS AVG
# CLASS PAR COUPON INDEX DM YIELD PRICE LIFE DUR
-----------------------------------------------------------------------------------------------------------------------
1 A1 - AAA 42,460,468.66 6.20000 5.530 0.700 6.22966 99.75198 1.715 1.556
2 A2 - AAA 24,513,122.56 7.05000 5.984 1.100 7.08443 99.89355 4.606 3.794
3 A3 - AAA 9,241,971.12 7.35000 6.108 1.300 7.40773 99.90736 7.007 5.290
4 A4 - AAA 25,796,061.98 7.30000 6.125 1.200 7.32460 100.01865 0.000 0.000
0 X0 - XX 6,969,738.31 7.50000 6.125 1.400 7.52513 100.03142 6.136 4.585
6 B2 - A 4,435,288.01 7.70000 6.126 1.600 7.72567 100.04460 6.136 4.552
7 B3 - BBB 3,801,675.44 8.25000 6.286 1.950 8.23572 100.60883 00.000 0.000
0 X0 - XX 4,118,481.73 8.25000 6.131 3.850 9.98133 89.31997 10.925 6.658
9 B5 - B 2,851,256.58 8.25000 5.849 8.000 13.84870 68.88690 11.731 6.179
10 PO - Unrated 2,534,450.29 96.87279 17.746 0.000 17.74572 110.39021 17.109 12.778
-----------------------------------------------------------------------------------------------------------------------
TOTAL: 126,722,514.68 8.78392 9.06389 99.07556 5.041 4.304
-----------------------------------------------------------------------------------
1st LAST FLAT ACCRUED UNDERWRITERS TOTAL
# PMT PMT PROCEEDS INTEREST DISCOUNT PROCEEDS
-----------------------------------------------------------------------------------
1 1 41 42,355,158.21 182,815.91 0.00 42,537,974.11
2 41 74 24,487,028.34 120,012.16 0.00 24,607,040.50
3 74 98 9,233,409.36 47,172.56 0.00 9,280,581.92
4 1 116 25,800,872.95 130,771.70 0.00 25,931,644.65
5 1 116 6,971,928.20 36,300.72 0.00 7,008,228.92
6 1 116 4,437,266.15 23,716.47 0.00 4,460,982.62
7 117 126 3,824,821.18 21,780.43 0.00 3,846,601.61
8 126 137 3,678,626.65 23,595.47 0.00 3,702,222.11
9 137 145 1,964,142.27 16,335.32 0.00 1,980,477.59
10 145 449 2,797,785.00 40,919.88 0.00 2,838,704.87
-----------------------------------------------------------------------------------
TOTAL 1 449 125,551,038.29 643,420.63 0.00 126,194,458.92
Residual Yield : 0.00000
Residual Duration : 0.00000
Prepayment Method : CPR
Prepayment Rate (Initial) : 5.00000
Default Method : CPR
Default Rate (Initial) : 0.00000
Number of Collateral Pools : 2371
Weighted Average Coupon : 9.54
Weighted Average Net Coupon : 8.78
Weighted Average Maturity : 174.11
Weighted Average Orig. Mat. : 248.05
Weighted Average Orig. Amort. Term : 279.97
Collateral Principal Amount : 126,722,514.68
Collateral Price : 100.00
Net Collateral Cost : 126,722,514.68
Collateral Accrued Interest : 773,000.24
Gross Collateral Cost : 127,495,514.92
Residual Proceeds : 0.00
Other Sources : 0.00
TOTAL SOURCES : 126,194,458.92
Gross Collateral Cost : 127,495,514.92
Cost of Issuance : 0.00
Initial Deposit : 0.00
Other Uses : 0.00
TOTAL USES : 127,495,514.92
Profit/(Contribution) : -1,301,056.00
Percent Profit : -1.03
Xxxxx XXXXXX Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A
Thu Nov. 14 11:56:56 1996
PRICE/YIELD TABLE: TRANCHE 1 of 12
Settlement Date: 11/26/96 Prepayment Method: CPR
Class : A1 - AAA CUSIP :
Par Amount : 42,460,468.66 Coupon : 6.20000%
Type : File Name : MET#3
--------------------------------------------------------------------------------
SCEN #: 1 2 3 4 5
RATE CHANGE: 0 0 0 0 0
PPSPEED: 0.00000 5.00000 10.00000 15.00000 20.00000
AVERAGE LIFE: 2.705 1.715 1.214 0.917 0.724
DURATION: 2.370 1.556 1.122 0.858 0.683
1st PRIN DATE: 1 1 1 1 1
FINAL MATURITY: 60 41 30 23 18
--------------------------------------------------------------------------------
PRICE YIELD YIELD YIELD YIELD YIELD
--------------------------------------------------------------------------------
98.87698 6.618 6.795 6.994 7.215 7.455
99.00198 6.565 6.714 6.881 7.067 7.269
99.12698 6.512 6.633 6.769 6.920 7.084
99.25198 6.459 6.552 6.657 6.773 6.899
99.37698 6.406 6.471 6.545 6.626 6.715
99.50198 6.353 6.390 6.433 6.480 6.531
99.62698 6.300 6.310 6.321 6.334 6.347
99.75198 6.247 6.230 6.210 6.188 6.164
99.87698 6.195 6.150 6.099 6.043 5.982
100.00198 6.142 6.070 5.988 5.898 5.800
100.12698 6.090 5.990 5.878 5.753 5.619
100.25198 6.037 5.910 5.767 5.609 5.437
100.37698 5.985 5.831 5.657 5.465 5.257
100.50198 5.933 5.752 5.547 5.322 5.077
100.62698 5.881 5.672 5.438 5.179 4.897
Xxxxx XXXXXX Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A
Thu Nov 14 1:56:56 1996 PRICE/YIELD TABLE: TRANCHE 2 of 12
Settlement Date: 11/26/96 Prepayment Method: CPR
Class : A2 - AAA CUSIP :
Par Amount : 24,513,122.56 Coupon : 7.05000%
Type : File Name : MET#3
---------------------------------------------------------------------------------------------
SCEN #: 1 2 3 4 5
RATE CHANGE: 0 0 0 0 0
PPSPEED: 0.00000 5.00000 10.00000 15.00000 20.00000
AVERAGE LIFE: 6.918 4.606 3.363 2.595 2.085
DURATION: 5.276 3.794 2.891 2.291 1.874
1st PRIN DATE: 60 41 30 23 18
FINAL MATURITY: 108 74 53 41 33
---------------------------------------------------------------------------------------------
PRICE YIELD YIELD YIELD YIELD YIELD
---------------------------------------------------------------------------------------------
99.01855 7.270 7.315 7.366 7.421 7.481
99.14355 7.246 7.282 7.322 7.366 7.413
99.26855 7.223 7.249 7.279 7.311 7.346
99.39355 7.199 7.216 7.235 7.257 7.279
99.51855 7.175 7.183 7.192 7.202 7.213
99.64355 7.151 7.150 7.149 7.147 7.146
99.76855 7.128 7.117 7.106 7.093 7.079
99.89355 7.104 7.084 7.063 7.039 7.013
100.01855 7.080 7.052 7.020 6.984 6.946
100.14355 7.057 7.019 6.977 6.930 6.880
100.26855 7.033 6.986 6.934 6.876 6.814
100.39355 7.010 6.954 6.891 6.822 6.748
100.51855 6.987 6.921 6.848 6.768 6.682
100.64355 6.963 6.888 6.805 6.714 6.616
100.76855 6.940 6.856 6.763 6.660 6.550
Xxxxx XXXXXX Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A
Thu Nov 14 1:56:56 1996 PRICE/YIELD TABLE: TRANCHE 3 of 12
Settlement Date: 11/26/96 Prepayment Method: CPR
Class : A3 - AAA CUSIP :
Par Amount : 9,241,971.12 Coupon : 7.35000%
Type : File Name : MET#3
---------------------------------------------------------------------------------------------
SCEN #: 1 2 3 4 5
RATE CHANGE: 0 0 0 0 0
PPSPEED: 0.00000 5.00000 10.00000 15.00000 20.00000
AVERAGE LIFE: 10.023 7.007 4.855 3.769 3.012
DURATION: 6.857 5.290 3.946 3.181 2.612
1st PRIN DATE: 108 74 53 41 33
FINAL MATURITY: 135 98 66 50 40
---------------------------------------------------------------------------------------------
PRICE YIELD YIELD YIELD YIELD YIELD
---------------------------------------------------------------------------------------------
99.03236 7.548 7.573 7.611 7.646 7.686
99.15736 7.530 7.550 7.579 7.607 7.638
99.28236 7.512 7.526 7.547 7.567 7.590
99.40736 7.493 7.502 7.515 7.528 7.542
99.53236 7.475 7.478 7.484 7.488 7.494
99.65736 7.457 7.455 7.452 7.449 7.446
99.78236 7.439 7.431 7.420 7.410 7.398
99.90736 7.420 7.408 7.389 7.371 7.351
100.03236 7.402 7.384 7.357 7.332 7.303
100.15736 7.384 7.361 7.326 7.293 7.255
100.28236 7.366 7.337 7.294 7.254 7.208
100.40736 7.348 7.314 7.263 7.215 7.161
100.53236 7.330 7.291 7.232 7.176 7.113
100.65736 7.312 7.267 7.200 7.137 7.066
100.78236 7.294 7.244 7.169 7.098 7.019
Xxxxx XXXXXX
Thu Nov 14 1:56:56 1996 Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A PRICE/YIELD TABLE: TRANCHE 4 of 12
Settlement Date: 11/26/96 Prepayment Method: CPR
Class : A4 - AAA CUSIP :
Par Amount : 25,796,061.98 Coupon : 7.30000%
Type : File Name : MET#3
---------------------------------------------------------------------------------------------
SCEN #: 1 2 3 4 5
RATE CHANGE: 0 0 0 0 0
PPSPEED: 0.00000 5.00000 10.00000 15.00000 20.00000
AVERAGE LIFE: 6.988 6.136 5.311 4.528 3.893
DURATION: 5.046 4.618 4.153 3.662 3.232
1st PRIN DATE: 1 1 1 1 1
FINAL MATURITY: 141 116 97 82 71
---------------------------------------------------------------------------------------------
PRICE YIELD YIELD YIELD YIELD YIELD
---------------------------------------------------------------------------------------------
99.14365 7.506 7.514 7.526 7.541 7.558
99.26865 7.481 7.487 7.495 7.507 7.519
99.39365 7.456 7.460 7.465 7.472 7.480
99.51865 7.431 7.433 7.435 7.438 7.442
99.64365 7.406 7.406 7.405 7.404 7.403
99.76865 7.381 7.379 7.375 7.370 7.364
99.89365 7.357 7.352 7.345 7.336 7.326
100.01865 7.332 7.325 7.315 7.302 7.287
100.14365 7.307 7.298 7.285 7.268 7.249
100.26865 7.283 7.271 7.255 7.234 7.210
100.39365 7.258 7.244 7.225 7.200 7.172
100.51865 7.234 7.217 7.195 7.166 7.134
100.64365 7.209 7.191 7.166 7.133 7.096
100.76865 7.185 7.164 7.136 7.099 7.058
100.89365 7.161 7.137 7.107 7.066 7.019
Xxxxx XXXXXX
Thu Nov 14 1:56:56 1996 Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A PRICE/YIELD TABLE: TRANCHE 5 of 12
Settlement Date: 11/26/96 Prepayment Method: CPR
Class : B1 - AA CUSIP :
Par Amount : 6,969,738.31 Coupon : 7.50000%
Type : File Name : MET#3
---------------------------------------------------------------------------------------------
SCEN #: 1 2 3 4 5
RATE CHANGE: 0 0 0 0 0
PPSPEED: 0.00000 5.00000 10.00000 15.00000 20.00000
AVERAGE LIFE: 6.988 6.136 5.311 4.528 3.893
DURATION: 5.005 4.585 4.127 3.642 3.216
1st PRIN DATE: 1 1 1 1 1
FINAL MATURITY: 141 116 97 82 71
---------------------------------------------------------------------------------------------
PRICE YIELD YIELD YIELD YIELD YIELD
---------------------------------------------------------------------------------------------
99.15642 7.708 7.716 7.727 7.741 7.758
99.28142 7.683 7.689 7.697 7.707 7.719
99.40642 7.658 7.661 7.666 7.672 7.680
99.53142 7.633 7.634 7.636 7.638 7.641
99.65642 7.608 7.607 7.605 7.604 7.602
99.78142 7.583 7.579 7.575 7.569 7.563
99.90642 7.558 7.552 7.545 7.535 7.524
100.03142 7.533 7.525 7.515 7.501 7.486
100.15642 7.508 7.498 7.485 7.467 7.447
100.28142 7.483 7.471 7.455 7.433 7.408
100.40642 7.459 7.444 7.425 7.399 7.370
100.53142 7.434 7.417 7.395 7.365 7.332
100.65642 7.409 7.390 7.365 7.331 7.293
100.78142 7.385 7.363 7.335 7.297 7.255
100.90642 7.360 7.337 7.305 7.264 7.217
Xxxxx XXXXXX Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A PRICE/YIELD TABLE: TRANCHE 6 of 12
Thu Nov 14 11:56:56 1996
Settlement Date: 11/26/96 Prepayment Method: CPR
Class : B2 - A CUSIP :
Par Amount : 4,435,288.01 Coupon : 7.70000%
Type : File Name : MET#3
--------------------------------------------------------------------------------------------------------
SCEN #: 1 2 3 4 5
RATE CHANGE: 0 0 0 0 0
PPSPEED: 0.00000 5.00000 10.00000 15.00000 20.00000
AVERAGE LIFE: 6.988 6.136 5.311 4.528 3.893
DURATION: 4.964 4.552 4.100 3.622 3.201
1st PRIN DATE: 1 1 1 1 1
FINAL MATURITY: 141 116 97 82 71
--------------------------------------------------------------------------------------------------------
PRICE YIELD YIELD YIELD YIELD YIELD
--------------------------------------------------------------------------------------------------------
99.16960 7.910 7.918 7.928 7.942 7.957
99.29460 7.885 7.890 7.898 7.907 7.918
99.41960 7.860 7.863 7.867 7.873 7.879
99.54460 7.834 7.835 7.836 7.838 7.840
99.66960 7.809 7.808 7.806 7.804 7.801
99.79460 7.784 7.780 7.776 7.769 7.762
99.91960 7.759 7.753 7.745 7.735 7.723
100.04460 7.734 7.726 7.715 7.700 7.684
100.16960 7.709 7.698 7.685 7.666 7.645
100.29460 7.684 7.671 7.654 7.632 7.606
100.41960 7.659 7.644 7.624 7.598 7.568
100.54460 7.634 7.617 7.594 7.564 7.529
100.66960 7.609 7.590 7.564 7.529 7.491
100.79460 7.585 7.563 7.534 7.495 7.452
100.91960 7.560 7.536 7.504 7.462 7.414
Xxxxx XXXXXX Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A PRICE/YIELD TABLE: TRANCHE 7 of 12
Thu Nov 14 11:56:56 1996
Settlement Date: 11/26/96 Prepayment Method: CPR
Class : B3-BBB CUSIP :
Par Amount : 3,801,675.44 Coupon : 8.25000%
Type : File Name : MET#3
--------------------------------------------------------------------------------------------------------
SCEN #: 1 2 3 4 5
RATE CHANGE: 0 0 0 0 0
PPSPEED: 0.00000 5.00000 10.00000 15.00000 20.00000
AVERAGE LIFE: 12.171 10.064 8.450 7.176 6.156
DURATION: 7.425 6.606 5.876 5.228 4.658
1st PRIN DATE: 141 117 97 82 71
FINAL MATURITY: 151 126 106 91 78
--------------------------------------------------------------------------------------------------------
PRICE YIELD YIELD YIELD YIELD YIELD
--------------------------------------------------------------------------------------------------------
99.73383 8.370 8.367 8.364 8.361 8.357
99.85883 8.353 8.348 8.343 8.337 8.330
99.98383 8.337 8.330 8.322 8.313 8.303
100.10883 8.320 8.311 8.301 8.289 8.276
100.23383 8.303 8.292 8.279 8.265 8.250
100.35883 8.286 8.273 8.258 8.242 8.223
100.48383 8.270 8.254 8.237 8.218 8.197
100.60883 8.253 8.236 8.216 8.194 8.170
100.73383 8.236 8.217 8.195 8.171 8.143
100.85883 8.220 8.198 8.174 8.147 8.117
100.98383 8.203 8.180 8.153 8.124 8.091
100.10883 8.187 8.161 8.132 8.100 8.064
101.23383 8.170 8.143 8.111 8.077 8.038
101.35883 8.154 8.124 8.091 8.053 8.012
101.48383 8.137 8.106 8.070 8.030 7.985
Xxxxx XXXXXX Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A PRICE/YIELD TABLE: TRANCHE 8 of 12
Thu Nov 14 11:56:56 1996
Settlement Date: 11/26/96 Prepayment Method: CPR
Class : B4 - BB CUSIP :
Par Amount : 4,118,481.73 Coupon : 8.25000%
Type : File Name : MET#3
-------------------------------------------------------------------------------
SCEN #: 1 2 3 4 5
RATE CHANGE: 0 0 0 0 0
PPSPEED: 0.00000 5.00000 10.00000 15.00000 20.00000
AVERAGE LIFE: 13.012 10.925 9.275 7.933 6.858
DURATION: 7.342 6.658 6.017 5.419 4.885
1st PRIN DATE: 151 126 106 91 78
FINAL MATURITY: 162 137 117 101 88
-------------------------------------------------------------------------------
PRICE YIELD YIELD YIELD YIELD YIELD
-------------------------------------------------------------------------------
88.44497 9.963 10.129 10.317 10.532 10.768
88.56997 9.944 10.107 10.294 10.506 10.739
88.69497 9.925 10.086 10.270 10.480 10.711
88.81997 9.906 10.065 10.247 10.454 10.682
88.94497 9.887 10.044 10.224 10.429 10.653
89.06997 9.868 10.023 10.201 10.403 10.625
89.19497 9.849 10.002 10.177 10.377 10.596
89.31997 9.830 9.981 10.154 10.351 10.568
89.44497 9.811 9.960 10.131 10.326 10.539
89.56997 9.792 9.940 10.108 10.300 10.511
89.69497 9.773 9.919 10.085 10.275 10.483
89.81997 9.754 9.898 10.062 10.249 10.454
89.94497 9.735 9.877 10.039 10.224 10.426
90.06997 9.717 9.857 10.016 10.198 10.398
90.19497 9.698 9.836 9.994 10.173 10.370
Xxxxx XXXXXX Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A PRICE/YIELD TABLE: TRANCHE 9 of 12
Thu Nov 14 11:56:56 1996
Settlement Date: 11/26/96 Prepayment Method: CPR
Class : B5 - B CUSIP :
Par Amount : 2,851,256.58 Coupon : 8.25000%
Type : File Name : MET#3
-------------------------------------------------------------------------------
SCEN #: 1 2 3 4 5
RATE CHANGE: 0 0 0 0 0
PPSPEED: 0.00000 5.00000 10.00000 15.00000 20.00000
AVERAGE LIFE: 13.890 11.731 10.101 8.761 7.634
DURATION: 6.660 6.179 5.720 5.269 4.831
1st PRIN DATE: 162 137 117 101 88
FINAL MATURITY: 172 145 126 110 96
-------------------------------------------------------------------------------
PRICE YIELD YIELD YIELD YIELD YIELD
-------------------------------------------------------------------------------
68.01190 13.593 14.055 14.556 15.124 15.771
68.13690 13.565 14.025 14.524 15.090 15.733
68.26190 13.538 13.995 14.492 15.055 15.695
68.38690 13.510 13.966 14.460 15.020 15.658
68.51190 13.483 13.936 14.428 14.986 15.620
68.63690 13.456 13.907 14.396 14.952 15.582
68.76190 13.429 13.878 14.365 14.917 15.545
68.88690 13.401 13.849 14.333 14.883 15.508
69.01190 13.374 13.820 14.302 14.849 15.471
69.13690 13.348 13.791 14.271 14.815 15.433
69.26190 13.321 13.762 14.239 14.781 15.396
69.38690 13.294 13.733 14.208 14.747 15.360
69.51190 13.267 13.704 14.177 14.713 15.323
69.63690 13.241 13.675 14.146 14.680 15.286
69.76190 13.214 13.647 14.115 14.646 15.249
Xxxxx XXXXXX Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A PRICE/YIELD TABLE: TRANCHE 10, 11, 12 of 12
Thu Nov 14 1:56:56 1996
Settlement Date: 11/26/96 Prepayment Method: CPR
Class : PO - Unrated CUSIP :
Par Amount : 2,534,450.29 Coupon : 98.87279%
Type : File Name : MET#3
---------------------------------------------------------------------------------------------
SCEN #: 1 2 3 4 5
RATE CHANGE: 0 0 0 0 0
PPSPEED: 0.00000 5.00000 10.00000 15.00000 20.00000
AVERAGE LIFE: 19.931 17.109 14.682 12.650 10.969
DURATION: 14.959 12.778 11.028 9.637 8.521
1st PRIN DATE: 172 145 126 110 96
FINAL MATURITY: 449 449 449 449 449
---------------------------------------------------------------------------------------------
PRICE YIELD YIELD YIELD YIELD YIELD
---------------------------------------------------------------------------------------------
109.51521 17.661 17.807 17.986 18.137 18.244
109.64021 17.654 17.798 17.975 18.126 18.231
109.76521 17.646 17.790 17.965 18.114 18.218
109.89021 17.639 17.781 17.955 18.102 18.205
110.01521 17.631 17.772 17.945 18.091 18.191
110.14021 17.624 17.763 17.935 18.079 18.178
110.26521 17.616 17.754 17.925 18.067 18.165
110.39021 17.609 17.746 17.914 18.056 18.152
110.51521 17.601 17.737 17.904 18.044 18.139
110.64021 17.594 17.728 17.894 18.033 18.126
110.76521 17.586 17.720 17.884 18.021 18.113
110.89021 17.579 17.711 17.874 18.010 18.100
111.01521 17.571 17.702 17.864 17.998 18.087
111.14021 17.564 17.694 17.854 17.987 18.074
111.26521 17.557 17.685 17.844 17.975 18.061