--------------------------------------------------------------------------------
GMAC RFC [GRAPHIC OMITTED][GRAPHIC OMITTED]
RFMSII SERIES 2002-HS3 TRUST
HOME EQUITY LOAN-BACKED TERM NOTES
RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
DEPOSITOR
RESIDENTIAL FUNDING CORPORATION
MASTER SERVICER
--------------------------------------------------------------------------------
The following is a preliminary Term Sheet. All terms and statements are
subject to change.
XXXXXXX XXXXX XXXXXX A MEMBER OF CITICORP (GRAPHIC OMITTED)
Any transactions in the certificates will be effected through Residential
Funding Securities Corporation.
SEPTEMBER 19, 2002
________________________________________________________________________________
THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX XXXXXX AND NOT BY THE
ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX XXXXX XXXXXX IS
ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN CONNECTION WITH
THE PROPOSED TRANSACTION. THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX
XXXXXX AND NOT BY THE ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX
XXXXX XXXXXX IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN
CONNECTION WITH THE PROPOSED TRANSACTION.
The information herein has been provided solely by Xxxxxxx Xxxxx Xxxxxx ("SSB")
based on information with respect to the mortgage loans provided by Residential
Funding Corporation ("RFC") and its affiliates. Neither RFC nor any of its
affiliates makes any representation as to the accuracy or completeness of the
information herein. The information herein is preliminary and supersedes any
prior information and will be superseded by the prospectus supplement and by any
other information subsequently filed with the Securities and Exchange Commission
(SEC). All assumptions and information in this report reflect SSB's judgment as
of this date and are subject to change. All analyses are based on certain
assumptions noted herein and different assumptions could yield substantially
different results. You are cautioned that there is no universally accepted
method for analyzing financial instruments. You should review the assumptions;
there may be differences between these assumptions and your actual business
practices. Further, SSB does not guarantee any results and there is no guarantee
as to the liquidity of the instruments involved in this analysis. The decision
to adopt any strategy remains your responsibility. SSB (or any of its
affiliates) or their officers, directors, analysts or employees may have
positions in securities, commodities or derivative instruments thereon referred
to here, and may, as principal or agent, buy or sell such securities,
commodities or derivative instruments. In addition, SSB may make a market in the
securities referred to herein. Neither the information nor the assumptions
reflected herein should be construed to be, or constitute, an offer to sell or
buy or a solicitation of an offer to sell or buy any securities, commodities or
derivative instruments mentioned herein. No sale of any securities, commodities
or derivative instruments should be consummated without the purchaser first
having received a prospectus and, if required prospectus supplement. Finally,
SSB has not addressed the legal, accounting and tax implications of the analysis
with respect to you, and SSB strongly urges you to seek advice from your
counsel, accountant and tax advisor. A final Prospectus and Prospectus
Supplement may be obtained by contacting SSB's Syndicate Desk at (000) 000-0000.
________________________________________________________________________________
THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX XXXXXX AND NOT BY THE
ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX XXXXX XXXXXX IS
ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN CONNECTION WITH
THE PROPOSED TRANSACTION. THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX
XXXXXX AND NOT BY THE ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX
XXXXX XXXXXX IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN
CONNECTION WITH THE PROPOSED TRANSACTION.
RFMSII SERIES 2002-HS3
HOME EQUITY LOAN-BACKED TERM NOTES
$432,500,000 (APPROXIMATE)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS
SUPPLEMENT.
--------------------------------------------------------------------------------
GROUP I COLLATERAL SUMMARY
Statistics for the Group I home equity loans are listed below as of the Cut-Off
Date.
SUMMARY STATISTICS RANGE (IF APPLICABLE)
NUMBER OF MORTGAGE LOANS: 5,908
AGGREGATE CURRENT PRINCIPAL BALANCE: $220,029,946.55 $3,510.08 to $249,518.44
AVERAGE CURRENT PRINCIPAL BALANCE: $37,242.71
AGGREGATE ORIGINAL PRINCIPAL BALANCE: $221,431,735.75 $10,000 to $250,000.00
AVERAGE ORIGINAL PRINCIPAL BALANCE: $37,479.98
WTD. AVG. GROSS LOAN RATE: 8.91% 6.25% to 14.75%
WTD. AVG. ORIGINAL TERM (MONTHS): 179.88 60.00 to 360.00
WTD. AVG. REMAINING TERM (MONTHS): 178.42 57.00 to 359.00
WTD. AVG. ORIGINAL CLTV: 91.65% 7.00% to 100.00%
WTD. AVG. BORROWER FICO: 726 619 to 821
WTD. AVG. BORROWER DTI: 37.77% 3.00% to 51.00%
BALLOON LOANS (% OF TOTAL): 62.59%
WTD. AVG. JUNIOR MORTGAGE RATIO: 17.98%
LIEN POSITION (1ST / 2ND): 0.12% / 99.88%
GEOGRAPHIC DISTRIBUTION: (1) California 40.36%
Maryland 7.16%
Virginia 6.65%
------------------------------------------------ ---------------------- --------
________
(1) Other states account individually for less than 5% of the pool balance. (1)
Figure is based on credit limit rather than current principal balance. (2) Other
states account individually for less than 5% of the pool balance.
________________________________________________________________________________
THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX XXXXXX AND NOT BY THE
ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX XXXXX XXXXXX IS
ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN CONNECTION WITH
THE PROPOSED TRANSACTION. THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX
XXXXXX AND NOT BY THE ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX
XXXXX XXXXXX IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN
CONNECTION WITH THE PROPOSED TRANSACTION.
RFMSII SERIES 2002-HS3
HOME EQUITY LOAN-BACKED TERM NOTES
$432,500,000 (APPROXIMATE)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS
SUPPLEMENT.
--------------------------------------------------------------------------------
GROUP I CREDIT SCORE
NUMBER OF % OF GROUP I
GROUP I GROUP I CUT-OFF DATE CUT-OFF DATE
RANGE OF CREDIT SCORES MORTGAGE LOANS PRINCIPAL BALANCE ($) PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
619 - 619 1 30,367.87 0.01
620 - 639 79 2,397,594.19 1.09
640 - 659 381 12,717,029.11 5.78
660 - 679 519 18,770,286.64 8.53
680 - 699 809 32,179,766.29 14.63
700 - 719 791 30,995,613.93 14.09
720 - 739 853 32,589,572.67 14.81
740 - 759 920 34,009,683.28 15.46
760 - 779 913 33,336,595.73 15.15
780 - 799 540 19,187,435.64 8.72
800 OR GREATER 102 3,816,001.20 1.73
TOTAL: 5,908 $220,029,946.55 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
GROUP I MORTGAGE RATES
NUMBER OF % OF GROUP I
GROUP I GROUP I CUT-OFF DATE CUT-OFF DATE
RANGE OF MORTGAGE RATES (%) MORTGAGE LOANS PRINCIPAL BALANCE ($) PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
6.250 - 6.500 2 56,874.48 0.03
6.501 - 7.000 24 958,405.66 0.44
7.001 - 7.500 192 6,873,133.82 3.12
7.501 - 8.000 800 29,605,989.44 13.46
8.001 - 8.500 1,498 54,383,374.65 24.72
8.501 - 9.000 1,392 52,117,943.01 23.69
9.001 - 9.500 747 28,589,922.88 12.99
9.501 - 10.000 547 21,348,588.60 9.70
10.001 - 10.500 238 8,862,953.66 4.03
10.501 - 11.000 212 8,277,098.91 3.76
11.001 - 11.500 117 4,187,037.10 1.90
11.501 - 12.000 66 2,449,463.79 1.11
12.001 - 12.500 35 1,186,002.54 0.54
12.501 - 13.000 28 847,411.77 0.39
13.001 - 13.500 6 160,567.38 0.07
13.501 - 14.000 3 90,178.86 0.04
14.501 - 15.000 1 35,000.00 0.02
TOTAL: 5,908 $220,029,946.55 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
________________________________________________________________________________
THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX XXXXXX AND NOT BY THE
ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX XXXXX XXXXXX IS
ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN CONNECTION WITH
THE PROPOSED TRANSACTION. THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX
XXXXXX AND NOT BY THE ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX
XXXXX XXXXXX IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN
CONNECTION WITH THE PROPOSED TRANSACTION.
RFMSII SERIES 2002-HS3
HOME EQUITY LOAN-BACKED TERM NOTES
$432,500,000 (APPROXIMATE)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS
SUPPLEMENT.
--------------------------------------------------------------------------------
GROUP I CURRENT PRINCIPAL BALANCES
NUMBER OF % OF GROUP I
GROUP I GROUP I CUT-OFF DATE CUT-OFF DATE
RANGE OF PRINCIPAL BALANCES MORTGAGE LOANS PRINCIPAL BALANCE ($) PRINCIPAL BALANCE
($)
-------------------------------- ---------------- --------------------------- ---------------------
<= 25,000.00 1,817 34,058,775.13 15.48
25,000.01 - 50,000.00 2,964 107,407,375.26 48.81
50,000.01 - 75,000.00 852 51,625,134.75 23.46
75,000.01 - 100,000.00 232 20,180,533.56 9.17
100,000.01 - 125,000.00 11 1,245,019.00 0.57
125,000.01 - 150,000.00 14 1,980,106.25 0.90
150,000.01 - 175,000.00 3 501,047.58 0.23
175,000.01 - 200,000.00 11 2,106,625.76 0.96
200,000.01 - 225,000.00 1 203,693.37 0.09
250,000.01 - 275,000.00 3 721,635.89 0.33
TOTAL: 5,908 $220,029,946.55 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
GROUP I ORIGINAL TERM TO SCHEDULED MATURITY
NUMBER OF % OF GROUP I
GROUP I GROUP I CUT-OFF DATE CUT-OFF DATE
ORIGINAL TERM (MO.) MORTGAGE LOANS PRINCIPAL BALANCE ($) PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
60 9 202,434.48 0.09
120 106 3,458,401.82 1.57
180 5,731 213,921,911.52 97.22
240 44 1,688,306.68 0.77
300 12 552,387.08 0.25
360 6 206,504.97 0.09
TOTAL: 5,908 $220,029,946.55 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
________________________________________________________________________________
THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX XXXXXX AND NOT BY THE
ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX XXXXX XXXXXX IS
ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN CONNECTION WITH
THE PROPOSED TRANSACTION. THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX
XXXXXX AND NOT BY THE ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX
XXXXX XXXXXX IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN
CONNECTION WITH THE PROPOSED TRANSACTION.
RFMSII SERIES 2002-HS3
HOME EQUITY LOAN-BACKED TERM NOTES
$432,500,000 (APPROXIMATE)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS
SUPPLEMENT.
--------------------------------------------------------------------------------
GROUP I REMAINING TERM TO SCHEDULED MATURITY
NUMBER OF % OF GROUP I
GROUP I GROUP I CUT-OFF DATE CUT-OFF DATE
RANGE OF REMAINING TERM (MO.) MORTGAGE LOANS PRINCIPAL BALANCE ($) PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
0 - 96 9 202,434.48 0.09
109 - 120 106 3,458,401.82 1.57
157 - 168 5 132,811.35 0.06
169 - 180 5,726 213,789,100.17 97.16
181 - 288 45 1,728,068.05 0.79
289 - 300 11 512,625.71 0.23
301 AND OVER 6 206,504.97 0.09
TOTAL: 5,908 $220,029,946.55 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
GROUP I ORIGINAL COMBINED LOAN-TO-VALUE RATIOS
NUMBER OF % OF GROUP I
GROUP I GROUP I CUT-OFF DATE CUT-OFF DATE
RANGE OF ORIGINAL CLTVS (%) MORTGAGE LOANS PRINCIPAL BALANCE ($) PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
0.00 - 10.00 1 70,000.00 0.03
10.01 - 20.00 1 49,975.40 0.02
20.01 - 30.00 1 100,000.00 0.05
30.01 - 40.00 4 178,291.90 0.08
40.01 - 50.00 10 487,716.35 0.22
50.01 - 60.00 34 1,722,128.24 0.78
60.01 - 70.00 81 3,865,695.08 1.76
70.01 - 75.00 72 3,629,791.44 1.65
75.01 - 80.00 199 10,038,188.00 4.56
80.01 - 85.00 300 8,327,588.54 3.78
85.01 - 90.00 1,917 60,848,151.51 27.65
90.01 - 95.00 2,305 90,552,169.31 41.15
95.01 - 100.00 983 40,160,250.78 18.25
TOTAL: 5,908 $220,029,946.55 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
________________________________________________________________________________
THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX XXXXXX AND NOT BY THE
ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX XXXXX XXXXXX IS
ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN CONNECTION WITH
THE PROPOSED TRANSACTION. THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX
XXXXXX AND NOT BY THE ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX
XXXXX XXXXXX IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN
CONNECTION WITH THE PROPOSED TRANSACTION.
RFMSII SERIES 2002-HS3
HOME EQUITY LOAN-BACKED TERM NOTES
$432,500,000 (APPROXIMATE)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS
SUPPLEMENT.
--------------------------------------------------------------------------------
GROUOP I JUNIOR MORTGAGE RATIOS
NUMBER OF % OF GROUP I
GROUP I GROUP I CUT-OFF DATE CUT-OFF DATE
RANGE OF JUNIOR MORTGAGE RATIOS MORTGAGE LOANS PRINCIPAL BALANCE ($) PRINCIPAL BALANCE
--------------------------------- ---------------- --------------------------- --------------------
0.00 - 5.00 73 1,052,285.92 0.48
5.01 - 10.00 482 10,390,978.09 4.73
10.01 - 15.00 1,753 53,296,331.98 24.25
15.01 - 20.00 2,748 110,471,246.36 50.27
20.01 - 25.00 357 17,874,237.13 8.13
25.01 - 30.00 173 8,487,219.23 3.86
30.01 - 40.00 199 10,765,309.96 4.90
40.01 - 50.00 72 4,395,911.28 2.00
50.01 - 60.00 27 1,680,611.23 0.76
60.01 - 70.00 14 1,177,469.65 0.54
70.01 - 78.25 4 183,495.78 0.08
TOTAL: 5,902 $219,775,096.61 100.00%
--------------------------------- ---------------- --------------------------- --------------------
________________________________________________________________________________
THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX XXXXXX AND NOT BY THE
ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX XXXXX XXXXXX IS
ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN CONNECTION WITH
THE PROPOSED TRANSACTION. THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX
XXXXXX AND NOT BY THE ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX
XXXXX XXXXXX IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN
CONNECTION WITH THE PROPOSED TRANSACTION.
RFMSII SERIES 2002-HS3
HOME EQUITY LOAN-BACKED TERM NOTES
$432,500,000 (APPROXIMATE)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS
SUPPLEMENT.
--------------------------------------------------------------------------------
GROUP I PROPERTY TYPE
NUMBER OF % OF GROUP I
GROUP I GROUP I CUT-OFF DATE CUT-OFF DATE
TYPE MORTGAGE LOANS PRINCIPAL BALANCE ($) PRINCIPAL BALANCE
-------------------------------- ---------------- -------------------------- ---------------------
SFD 3,972 148,375,371.74 67.43
PUD DETACHED 1,127 44,864,784.11 20.39
CONDOMINIUM 463 15,405,371.15 7.00
PUD ATTACHED 236 7,616,495.79 3.46
MULTIFAMILY (2-4) UNITS 45 1,699,183.69 0.77
TOWNHOUSE 45 1,457,867.54 0.66
MANUFACTURED HOME 13 257,379.07 0.12
TOWNHOUSE/ROW HOUSE 3 184,202.94 0.08
SITE CONDO (OTHER) 3 154,896.07 0.07
MODULAR 1 14,394.45 0.01
TOTAL: 5,908 $220,029,946.55 100.00%
-------------------------------- ---------------- -------------------------- ---------------------
GROUP I OCCUPANCY TYPE
NUMBER OF % OF GROUP I
GROUP I GROUP I CUT-OFF DATE CUT-OFF DATE
TYPE MORTGAGE LOANS PRINCIPAL BALANCE ($) PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
NON-OWNER OCCUPIED 2 96,900.00 0.04
PRIMARY RESIDENCE 5,865 218,653,368.09 99.37
SECOND HOME 41 1,279,678.46 0.58
TOTAL: 5,908 $220,029,946.55 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
GROUP I LIEN POSITION
NUMBER OF % OF GROUP I
GROUP I GROUP I CUT-OFF DATE CUT-OFF DATE
POSITION MORTGAGE LOANS PRINCIPAL BALANCE ($) PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
FIRST LIEN 6 254,849.94 0.12
SECOND LIEN 5,902 219,775,096.61 99.88
TOTAL: 5,908 $220,029,946.55 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
________________________________________________________________________________
THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX XXXXXX AND NOT BY THE
ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX XXXXX XXXXXX IS
ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN CONNECTION WITH
THE PROPOSED TRANSACTION. THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX
XXXXXX AND NOT BY THE ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX
XXXXX XXXXXX IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN
CONNECTION WITH THE PROPOSED TRANSACTION.
RFMSII SERIES 2002-HS3
HOME EQUITY LOAN-BACKED TERM NOTES
$432,500,000 (APPROXIMATE)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS
SUPPLEMENT.
--------------------------------------------------------------------------------
GROUP I DEBT-TO-INCOME
NUMBER OF % OF GROUP I
GROUP I GROUP I CUT-OFF DATE CUT-OFF DATE
RANGE OF DEBT-TO-INCOME RATIOS MORTGAGE LOANS PRINCIPAL BALANCE ($) PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
0.00 - 5.00 3 41,055.23 0.02
5.01 - 10.00 5 152,739.98 0.07
10.01 - 15.00 37 1,521,140.95 0.69
15.01 - 20.00 97 3,417,142.15 1.55
20.01 - 25.00 329 11,043,682.72 5.02
25.01 - 30.00 656 22,676,717.86 10.31
30.01 - 35.00 1,037 36,561,303.40 16.62
35.01 - 40.00 1,394 51,486,883.27 23.40
40.01 - 45.00 1,685 66,901,193.25 30.41
45.01 - 50.00 655 25,982,665.84 11.81
50.01 - 51.00 10 245,421.90 0.11
TOTAL: 5,908 $220,029,946.55 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
GROUP I PREPAYMENT PENALTY TERM
NUMBER OF % OF GROUP I
GROUP I GROUP I CUT-OFF DATE CUT-OFF DATE
PREPAYMENT PENALTY TERM (MO.) MORTGAGE LOANS PRINCIPAL BALANCE ($) PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
NONE 5,460 201,869,429.22 91.75
12 50 2,312,192.58 1.05
36 356 14,449,689.89 6.57
60 33 1,101,753.00 0.50
OTHER ( < 60 MONTHS) 9 296,881.86 0.14
TOTAL: 5,908 $220,029,946.55 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
________________________________________________________________________________
THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX XXXXXX AND NOT BY THE
ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX XXXXX XXXXXX IS
ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN CONNECTION WITH
THE PROPOSED TRANSACTION. THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX
XXXXXX AND NOT BY THE ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX
XXXXX XXXXXX IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN
CONNECTION WITH THE PROPOSED TRANSACTION.
RFMSII SERIES 2002-HS3
HOME EQUITY LOAN-BACKED TERM NOTES
$432,500,000 (APPROXIMATE)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS
SUPPLEMENT.
--------------------------------------------------------------------------------
GROUP I LOAN PURPOSE
NUMBER OF % OF GROUP I
GROUP I GROUP I CUT-OFF DATE CUT-OFF DATE
PURPOSE MORTGAGE LOANS PRINCIPAL BALANCE ($) PRINCIPAL BALANCE
------------------------------------- ---------------- --------------------------- ---------------------
PURCHASE MONEY 3,418 129,642,819.34 58.92
DEBT CONSOLIDATION 914 34,509,128.23 15.68
LOWER RATE/REDUCED 697 24,290,555.46 11.04
CASH 590 21,318,909.10 9.69
HOME IMP/DEBT CONS/ASSET ACQ 212 6,921,064.00 3.15
CONVENIENCE 25 1,063,764.37 0.48
HOME IMPROVEMENT 6 259,734.54 0.12
ASSET ACQUISITION 5 148,957.79 0.07
OTHER 41 1,875,013.72 0.85
TOTAL: 5,908 $220,029,946.55 100.00%
------------------------------------- ---------------- --------------------------- ---------------------
________________________________________________________________________________
THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX XXXXXX AND NOT BY THE
ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX XXXXX XXXXXX IS
ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN CONNECTION WITH
THE PROPOSED TRANSACTION. THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX
XXXXXX AND NOT BY THE ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX
XXXXX XXXXXX IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN
CONNECTION WITH THE PROPOSED TRANSACTION.
RFMSII SERIES 2002-HS3
HOME EQUITY LOAN-BACKED TERM NOTES
$432,500,000 (APPROXIMATE)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS
SUPPLEMENT.
--------------------------------------------------------------------------------
GROUP II COLLATERAL SUMMARY
Statistics for the Group II revolving credit loans are listed below as of the
Cut-Off Date.
SUMMARY STATISTICS RANGE (IF APPLICABLE)
NUMBER OF REVOLVING CREDIT LOANS: 5,529
AGGREGATE CURRENT PRINCIPAL BALANCE: $205,661,721.27 $0.00 to $500,000.00
AVERAGE CURRENT PRINCIPAL BALANCE: 37,196.91
AGGREGATE CREDIT LIMIT BALANCE: 262,131,207.00 $10,000.00 to $500,000.00
AVERAGE CREDIT LIMIT BALANCE: 47,410.24
AVERAGE CREDIT UTILIZATION RATE: 78.46% 0.00% to 101.49%
WTD. AVG. INITIAL LOAN RATE: 4.30% 3.75% to 10.50%
WTD. AVG. MARGIN: 2.08% 0.00% to 6.00%
WTD. AVG. MAXIMUM LOAN RATE: 19.29% 9.49% to 25.00%
WTD. AVG. ORIGINAL TERM (MONTHS): 233.68 179 to 360
WTD. AVG. REMAINING TERM (MONTHS): 230.92 105 to 357
WTD. AVG. MONTHS TO FIRST ADJUSTMENT DATE: 3 0 to 11
WTD. AVG. MONTHS TO REPAYMENT PERIOD: 153.61 0 to 182
WTD. AVG. CLTV: (1) 82.79% 9.00% to 100.00%
WTD. AVG. BORROWER FICO: 724 620 to 824
BALLOON LOANS (% OF TOTAL): 34.78%
WTD. AVG. JUNIOR MORTGAGE RATIO: 20.27%
LIEN POSITION (1ST / 2ND): 2.6% / 97.4%
GEOGRAPHIC DISTRIBUTION: (2) California 35.7
New Jersey 10.1
Michigan 5.8
Florida 5.8
Colorado 5.1
Arizona 5.0
________________________________________________________________________________
THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX XXXXXX AND NOT BY THE
ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX XXXXX XXXXXX IS
ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN CONNECTION WITH
THE PROPOSED TRANSACTION. THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX
XXXXXX AND NOT BY THE ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX
XXXXX XXXXXX IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN
CONNECTION WITH THE PROPOSED TRANSACTION.
RFMSII SERIES 2002-HS3
HOME EQUITY LOAN-BACKED TERM NOTES
$432,500,000 (APPROXIMATE)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS
SUPPLEMENT.
--------------------------------------------------------------------------------
GROUP II CREDIT SCORE
NUMBER OF % OF GROUP
GROUP II GROUP II CUT-OFF DATE II
RANGE OF CREDIT SCORES REVOLVING PRINCIPAL BALANCE ($) CUT-OFF DATE
CREDIT LOANS PRINCIPAL BALANCE
------------------------------- ----------------- --------------------------- ---------------------
620 - 639 133 3,136,749.03 1.53
640 - 659 470 14,324,877.72 6.97
660 - 679 517 17,664,747.23 8.59
680 - 699 770 31,443,947.26 15.29
700 - 719 706 27,323,079.67 13.29
720 - 739 747 27,899,845.83 13.57
740 - 759 781 30,064,105.81 14.62
760 - 779 774 28,933,521.88 14.07
780 - 799 541 20,550,033.52 9.99
800 - 824 90 4,320,813.32 2.10
TOTAL: 5,529 $205,661,721.27 100.00%
------------------------------- ----------------- --------------------------- ---------------------
GROUP II MORTGAGE RATES
NUMBER OF % OF GROUP
GROUP II GROUP II CUT-OFF DATE II
RANGE OF MORTGAGE RATES (%) REVOLVING PRINCIPAL BALANCE ($) CUT-OFF DATE
CREDIT LOANS PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
3.501 - 4.000 4,564 174,376,328.46 84.79
4.001 - 4.500 3 78,686.87 0.04
4.501 - 5.000 55 1,541,227.24 0.75
5.001 - 5.500 108 3,113,977.61 1.51
5.501 - 6.000 122 4,330,550.65 2.11
6.001 - 6.500 111 2,657,915.18 1.29
6.501 - 7.000 112 3,830,329.16 1.86
7.001 - 7.500 86 3,190,271.97 1.55
7.501 - 8.000 88 2,968,852.95 1.44
8.001 - 8.500 86 3,206,774.13 1.56
8.501 - 9.000 129 4,045,719.59 1.97
9.001 - 9.500 51 1,756,238.88 0.85
9.501 - 10.000 11 453,610.62 0.22
10.001 - 10.500 3 111,237.96 0.05
TOTAL: 5,529 $205,661,721.27 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
________________________________________________________________________________
THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX XXXXXX AND NOT BY THE
ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX XXXXX XXXXXX IS
ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN CONNECTION WITH
THE PROPOSED TRANSACTION. THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX
XXXXXX AND NOT BY THE ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX
XXXXX XXXXXX IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN
CONNECTION WITH THE PROPOSED TRANSACTION.
RFMSII SERIES 2002-HS3
HOME EQUITY LOAN-BACKED TERM NOTES
$432,500,000 (APPROXIMATE)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS
SUPPLEMENT.
--------------------------------------------------------------------------------
GROUP II CURRENT PRINCIPAL BALANCES
NUMBER OF % OF GROUP
GROUP II GROUP II CUT-OFF DATE II
RANGE OF PRINCIPAL BALANCES REVOLVING PRINCIPAL BALANCE ($) CUT-OFF DATE
($) CREDIT LOANS PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
<= 25,000.00 2,223 32,238,048.72 15.68
25,000.01 - 50,000.00 2,118 78,602,609.39 38.22
50,000.01 - 75,000.00 734 45,971,090.55 22.35
75,000.01 - 100,000.00 333 30,331,227.00 14.75
100,000.01 - 125,000.00 37 4,216,079.74 2.05
125,000.01 - 150,000.00 48 6,830,961.20 3.32
150,000.01 - 175,000.00 7 1,157,298.12 0.56
175,000.01 - 200,000.00 22 4,314,174.13 2.10
200,000.01 - 225,000.00 1 223,632.98 0.11
225,000.01 - 250,000.00 3 750,000.00 0.36
250,000.01 - 275,000.00 2 526,599.44 0.26
475,000.01 - 500,000.00 1 500,000.00 0.24
TOTAL: 5,529 $205,661,721.27 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
GROUP II CREDIT LIMITS
NUMBER OF % OF GROUP
GROUP II GROUP II CUT-OFF DATE II
RANGE OF CREDIT LIMITS ($) REVOLVING PRINCIPAL BALANCE ($) CUT-OFF DATE
CREDIT LOANS PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
<= 25,000.00 1,491 24,399,042.39 11.86
25,000.01 - 50,000.00 2,349 75,250,053.31 36.59
50,000.01 - 75,000.00 921 47,398,997.37 23.05
75,000.01 - 100,000.00 576 37,577,156.73 18.27
100,000.01 - 125,000.00 38 3,660,523.10 1.78
125,000.01 - 150,000.00 80 7,943,067.30 3.86
150,000.01 - 175,000.00 9 752,285.38 0.37
175,000.01 - 200,000.00 57 6,580,363.27 3.20
225,000.01 - 250,000.00 5 1,073,632.98 0.52
250,000.01 - 275,000.00 2 526,599.44 0.26
475,000.01 - 500,000.00 1 500,000.00 0.24
TOTAL: 5,529 $205,661,721.27 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
________________________________________________________________________________
THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX XXXXXX AND NOT BY THE
ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX XXXXX XXXXXX IS
ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN CONNECTION WITH
THE PROPOSED TRANSACTION. THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX
XXXXXX AND NOT BY THE ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX
XXXXX XXXXXX IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN
CONNECTION WITH THE PROPOSED TRANSACTION.
RFMSII SERIES 2002-HS3
HOME EQUITY LOAN-BACKED TERM NOTES
$432,500,000 (APPROXIMATE)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS
SUPPLEMENT.
--------------------------------------------------------------------------------
GROUP II CREDIT LIMIT UTILIZATION RATES
NUMBER OF % OF GROUP
GROUP II GROUP II CUT-OFF DATE II
RANGE OF UTILIZATION RATES REVOLVING PRINCIPAL BALANCE ($) CUT-OFF DATE
(%) CREDIT LOANS PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
0.00 - 10.00 333 581,003.85 0.28
10.01 - 20.00 132 1,217,562.99 0.59
20.01 - 30.00 130 2,097,368.22 1.02
30.01 - 40.00 151 2,926,215.57 1.42
40.01 - 50.00 157 3,868,458.43 1.88
50.01 - 60.00 169 4,756,507.36 2.31
60.01 - 70.00 169 5,985,662.15 2.91
70.01 - 80.00 190 7,256,608.72 3.53
80.01 - 90.00 207 8,797,185.62 4.28
90.01 - 100.00 3,881 167,744,470.19 81.56
100.01 - 102.00 10 430,678.17 0.21
TOTAL: 5,529 $205,661,721.27 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
________________________________________________________________________________
THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX XXXXXX AND NOT BY THE
ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX XXXXX XXXXXX IS
ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN CONNECTION WITH
THE PROPOSED TRANSACTION. THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX
XXXXXX AND NOT BY THE ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX
XXXXX XXXXXX IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN
CONNECTION WITH THE PROPOSED TRANSACTION.
RFMSII SERIES 2002-HS3
HOME EQUITY LOAN-BACKED TERM NOTES
$432,500,000 (APPROXIMATE)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS
SUPPLEMENT.
--------------------------------------------------------------------------------
GROUP II COMBINED LOAN-TO-VALUE RATIOS
NUMBER OF % OF GROUP
GROUP II GROUP II CUT-OFF DATE II
RANGE OF CLTVS (%) REVOLVING PRINCIPAL BALANCE ($) CUT-OFF DATE
CREDIT LOANS PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
0.00 - 10.00 2 53,000.00 0.03
10.01 - 20.00 14 643,289.36 0.31
20.01 - 30.00 28 1,177,658.75 0.57
30.01 - 40.00 53 2,270,908.47 1.10
40.01 - 50.00 87 3,095,831.67 1.51
50.01 - 60.00 185 8,456,853.32 4.11
60.01 - 70.00 364 15,430,479.10 7.50
70.01 - 75.00 259 10,553,016.24 5.13
75.01 - 80.00 610 24,674,682.51 12.00
80.01 - 85.00 299 9,450,427.62 4.60
85.01 - 90.00 1,696 54,907,801.72 26.70
90.01 - 95.00 1,291 50,121,351.75 24.37
95.01 - 100.00 641 24,826,420.76 12.07
TOTAL: 5,529 $205,661,721.27 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
GROUP II JUNIOR MORTGAGE RATIOS
NUMBER OF % OF GROUP
GROUP II GROUP II CUT-OFF DATE II
RANGE OF JUNIOR MORTGAGE RATIOS REVOLVING PRINCIPAL BALANCE ($) CUT-OFF DATE
CREDIT LOANS PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
0.00 - 5.00 61 736,848.79 0.37
5.01 - 10.00 563 12,463,460.09 6.22
10.01 - 15.00 1,663 50,083,017.74 25.01
15.01 - 20.00 1,751 66,896,345.43 33.40
20.01 - 25.00 572 25,991,847.35 12.98
25.01 - 30.00 310 14,193,074.94 7.09
30.01 - 40.00 316 18,079,831.81 9.03
40.01 - 50.00 122 6,909,696.19 3.45
50.01 - 60.00 32 2,279,040.32 1.14
60.01 - 70.00 26 1,973,350.10 0.99
70.01 - 80.00 9 412,784.18 0.21
80.01 - 90.00 3 132,212.21 0.07
90.01 - 100.00 3 120,808.51 0.06
TOTAL: 5,431 $200,272,317.66 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
________________________________________________________________________________
THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX XXXXXX AND NOT BY THE
ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX XXXXX XXXXXX IS
ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN CONNECTION WITH
THE PROPOSED TRANSACTION. THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX
XXXXXX AND NOT BY THE ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX
XXXXX XXXXXX IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN
CONNECTION WITH THE PROPOSED TRANSACTION.
RFMSII SERIES 2002-HS3
HOME EQUITY LOAN-BACKED TERM NOTES
$432,500,000 (APPROXIMATE)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS
SUPPLEMENT.
--------------------------------------------------------------------------------
GROUP II ORIGINATION YEAR
NUMBER OF % OF GROUP
GROUP II GROUP II CUT-OFF DATE II
ORIGINATION YEAR REVOLVING PRINCIPAL BALANCE ($) CUT-OFF DATE
CREDIT LOANS PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
2002 5,203 197,308,054.70 95.94
2001 277 7,342,618.62 3.57
2000 12 358,558.37 0.17
1999 6 122,003.92 0.06
1998 24 324,346.34 0.16
1997 2 32,396.01 0.02
1996 2 54,492.82 0.03
1995 2 98,360.15 0.05
1994 1 20,890.34 0.01
TOTAL: 5,529 $205,661,721.27 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
GROUP II GROSS MARGINS
NUMBER OF % OF GROUP
GROUP II GROUP II CUT-OFF DATE II
RANGE OF GROSS MARGINS (%) REVOLVING PRINCIPAL BALANCE ($) CUT-OFF DATE
CREDIT LOANS PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
0.000 36 1,873,980.79 0.91
0.001 - 0.500 670 25,023,399.06 12.17
0.501 - 1.000 691 30,287,075.42 14.73
1.001 - 1.500 932 31,782,824.01 15.45
1.501 - 2.000 703 24,827,578.90 12.07
2.001 - 2.500 616 25,112,059.82 12.21
2.501 - 3.000 525 20,465,113.97 9.95
3.001 - 3.500 411 13,974,291.64 6.79
3.501 - 4.000 489 17,242,590.01 8.38
4.001 - 4.500 356 11,344,988.47 5.52
4.501 - 5.000 84 3,072,955.01 1.49
5.001 - 5.500 12 476,168.29 0.23
5.501 - 6.000 4 178,695.88 0.09
TOTAL: 5,529 $205,661,721.27 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
________________________________________________________________________________
THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX XXXXXX AND NOT BY THE
ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX XXXXX XXXXXX IS
ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN CONNECTION WITH
THE PROPOSED TRANSACTION. THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX
XXXXXX AND NOT BY THE ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX
XXXXX XXXXXX IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN
CONNECTION WITH THE PROPOSED TRANSACTION.
RFMSII SERIES 2002-HS3
HOME EQUITY LOAN-BACKED TERM NOTES
$432,500,000 (APPROXIMATE)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS
SUPPLEMENT.
--------------------------------------------------------------------------------
GROUP II MAXIMUM LOAN RATES
NUMBER OF % OF GROUP
GROUP II GROUP II CUT-OFF DATE II
RANGE OF MAXIMUM RATES (%) REVOLVING PRINCIPAL BALANCE ($) CUT-OFF DATE
CREDIT LOANS PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
9.001 - 10.000 3 54,831.80 0.03
13.001 - 14.000 7 279,030.28 0.14
15.001 - 16.000 26 871,226.21 0.42
17.001 - 18.000 4,417 159,884,527.87 77.74
19.001 - 20.000 2 91,800.00 0.04
20.001 - 21.000 21 688,014.82 0.33
21.001 - 22.000 20 458,868.76 0.22
22.001 - 23.000 7 113,675.99 0.06
23.001 - 24.000 924 38,710,959.80 18.82
24.001 - 25.000 102 4,508,785.74 2.19
TOTAL: 5,529 $205,661,721.27 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
GROUP II REMAINING TERM TO SCHEDULED MATURITY
NUMBER OF % OF GROUP
GROUP II GROUP II CUT-OFF DATE II
RANGE OF REMAINING TERM (MO.) REVOLVING PRINCIPAL BALANCE ($) CUT-OFF DATE
CREDIT LOANS PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
97 - 108 2 54,492.82 0.03
121 - 144 12 144,123.54 0.07
145 - 156 6 220,729.03 0.11
157 - 168 43 1,273,677.59 0.62
169 - 180 2,928 111,743,164.54 54.33
181 - 288 67 1,394,573.37 0.68
289 - 300 2,468 90,675,666.42 44.09
349 - 360 3 155,293.96 0.08
TOTAL: 5,529 $205,661,721.27 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
________________________________________________________________________________
THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX XXXXXX AND NOT BY THE
ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX XXXXX XXXXXX IS
ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN CONNECTION WITH
THE PROPOSED TRANSACTION. THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX
XXXXXX AND NOT BY THE ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX
XXXXX XXXXXX IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN
CONNECTION WITH THE PROPOSED TRANSACTION.
RFMSII SERIES 2002-HS3
HOME EQUITY LOAN-BACKED TERM NOTES
$432,500,000 (APPROXIMATE)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS
SUPPLEMENT.
--------------------------------------------------------------------------------
GROUP II OCCUPANCY TYPE
NUMBER OF % OF GROUP
GROUP II GROUP II CUT-OFF DATE II
TYPE REVOLVING PRINCIPAL BALANCE ($) CUT-OFF DATE
CREDIT LOANS PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
PRIMARY RESIDENCE 5,466 203,749,082.53 99.07
SECOND HOME 35 1,183,318.94 0.58
NON-OWNER OCCUPIED 28 729,319.80 0.35
TOTAL: 5,529 $205,661,721.27 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
GROUP II LIEN POSITION
NUMBER OF % OF GROUP
GROUP II GROUP II CUT-OFF DATE II
POSITION REVOLVING PRINCIPAL BALANCE ($) CUT-OFF DATE
CREDIT LOANS PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
FIRST LIEN 98 $5,389,403.61 2.62
SECOND LIEN 5,431 200,272,317.66 97.38
TOTAL: 5,529 $205,661,721.27 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
GROUP II PROPERTY TYPE
NUMBER OF % OF GROUP
GROUP II GROUP II CUT-OFF DATE II
TYPE REVOLVING PRINCIPAL BALANCE ($) CUT-OFF DATE
CREDIT LOANS PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
SINGLE FAMILY RESIDENCE 3,958 147,014,915.51 71.48
PUD DETACHED 863 34,773,115.79 16.91
CONDO 435 14,791,826.92 7.19
PUD ATTACHED 147 4,581,518.70 2.23
MULTIFAMILY (2-4 UNITS) 72 2,973,599.31 1.45
TOWNHOUSE 31 960,991.16 0.47
MANUF. HOME 21 461,749.59 0.22
TOWNHOUSE/ROW HOUSE DET. 2 104,004.29 0.05
TOTAL: 5,529 $205,661,721.27 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
________________________________________________________________________________
________________________________________________________________________________
THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX XXXXXX AND NOT BY THE
ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX XXXXX XXXXXX IS
ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN CONNECTION WITH
THE PROPOSED TRANSACTION. THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX
XXXXXX AND NOT BY THE ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX
XXXXX XXXXXX IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN
CONNECTION WITH THE PROPOSED TRANSACTION.
RFMSII SERIES 2002-HS3
HOME EQUITY LOAN-BACKED TERM NOTES
$432,500,000 (APPROXIMATE)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
THE INFORMATION CONTAINED HEREIN WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS
SUPPLEMENT.
--------------------------------------------------------------------------------
GROUP II DEBT-TO-INCOME RATIOS
NUMBER OF % OF GROUP
GROUP II GROUP II CUT-OFF DATE II
RANGE OF DEBT-TO-INCOME (%) REVOLVING PRINCIPAL BALANCE ($) CUT-OFF DATE
CREDIT LOANS PRINCIPAL BALANCE
-------------------------------- ---------------- --------------------------- ---------------------
-------------------------------- ---------------- --------------------------- ---------------------
0.00 - 5.00 6 217,820.59 0.11
5.01 - 10.00 9 454,716.28 0.22
10.01 - 15.00 52 1,815,426.57 0.88
15.01 - 20.00 168 6,426,561.41 3.12
20.01 - 25.00 347 11,893,970.89 5.78
25.01 - 30.00 662 23,102,190.30 11.23
30.01 - 35.00 895 31,300,626.58 15.22
35.01 - 40.00 1,246 46,265,433.74 22.50
40.01 - 45.00 1,460 57,764,526.84 28.09
45.01 - 50.00 684 26,420,448.07 12.85
TOTAL: 5,529 $205,661,721.27 100.00%
-------------------------------- ---------------- --------------------------- ---------------------
________________________________________________________________________________
THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX XXXXXX AND NOT BY THE
ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX XXXXX XXXXXX IS
ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN CONNECTION WITH
THE PROPOSED TRANSACTION. THIS INFORMATION IS FURNISHED TO YOU BY XXXXXXX XXXXX
XXXXXX AND NOT BY THE ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. XXXXXXX
XXXXX XXXXXX IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN
CONNECTION WITH THE PROPOSED TRANSACTION.
