Contract


EXHIBIT 99.2


The mortgage loans delivered to the Trust on the Closing Date (the “Initial Mortgage Loans”) and the mortgage loans delivered to the Trust on the Subsequent Transfer Date (the “Subsequent Mortgage Loans”, and together with the Initial Mortgage Loans, the “Mortgage Loans”) consist of conventional, one- to four- family, adjustable-rate and fixed-rate mortgage loans. The Depositor purchased the Initial Mortgage Loans from the Seller pursuant to the Mortgage Loan Purchase Agreement, dated as of March 15, 2006, between the Seller and the Depositor and the Depositor purchased the Subsequent Mortgage Loans from the Seller pursuant to the Subsequent Mortgage Loan Purchase Agreement dated March 30, 2006. Pursuant to the Pooling and Servicing Agreement, to be dated as of the Cut-off Date, March 1, 2006 (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 Group I Mortgage Loans and the Group II Mortgage Loans are expected to have an aggregate principal balance as of the Cut-off Date or Subsequent Cut-off Date of approximately $815,069,005.26 and $667,180,646.93, respectively.
 
The Mortgage Loans will be secured by mortgages or deeds of trust or other similar security instruments creating first or second 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. The Mortgage Loans will 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. None of the Group I Mortgage Loans and approximately 2.15% of the Group II Initial Mortgage Loans, by aggregate scheduled principal balance of the related loan group as of the Cut-off Date or Subsequent Cut-off Date, are secured by second liens.
 
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”).
 
All of the Mortgage Loans were originated by Argent Mortgage Company, L.L.C. The Mortgage Loans were selected by the Seller and the Depositor using criteria established by the Seller and the Depositor in consultation with other parties.
 
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 70.61% of the adjustable-rate Group I Mortgage Loans and approximately 80.45% of the adjustable-rate Group II Mortgage Loans, in each case by aggregate scheduled principal balance of the adjustable-rate Mortgage Loans in the related loan group as of the Cut-off Date or Subsequent Cut-off Date, will occur after an initial period of two years after origination, and the first adjustment for approximately 29.39% of the adjustable-rate Group I Mortgage Loans and approximately 19.55% of the adjustable-rate Group II Mortgage Loans, in each case by aggregate scheduled principal balance of the adjustable-rate Mortgage Loans in the related loan group as of the Cut-off Date or Subsequent Cut-off 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”). In cases where the minimum mortgage rate for any adjustable-rate Mortgage Loan is lower than its applicable margin, the applicable margin is used as its 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.
 
Approximately 62.64% of the Group I Mortgage Loans and approximately 70.06% of the Group II Mortgage Loans, in each case by aggregate scheduled principal balances of the related loan group as of the Cut-off Date or Subsequent Cut-off Date, provide for payment by the mortgagor of a prepayment charge on certain principal prepayments, subject to certain limitations in the related mortgage note and limitations upon collection in the Pooling and Servicing Agreement. Generally, each such Mortgage Loan provides for payment of a prepayment charge on certain prepayments made within a defined period set forth in the related Mortgage Note (generally within the first three years but possibly as short as one year from the date of origination of such Mortgage Loan). The amount of the prepayment charge is as provided in the related Mortgage Note. The holders of the Class P Certificates will be entitled to all prepayment charges received on the Mortgage Loans in each loan group, and such amounts will not be available for distribution on the other classes of Certificates. Under certain instances, as described under the terms of the Pooling and Servicing Agreement, the Master Servicer may waive the payment of any otherwise applicable prepayment charge. Investors should conduct their own analysis of the effect, if any, that the prepayment charges, and decisions by the Master Servicer with respect to the waiver thereof, may have on the prepayment performance of the Mortgage Loans. The Depositor makes no representation as to the effect that the prepayment charges, and decisions by the Master Servicer with respect to the waiver thereof, may have on the prepayment performance of the Mortgage Loans. As of July 1, 2003, the Alternative Mortgage Parity Act of 1982 (the “Parity Act”), which regulates the ability of the Originator to impose prepayment charges, was amended, and as a result, the Originator will be required to comply with state and local laws in originating mortgage loans with prepayment charge provisions with respect to loans originated on or after July 1, 2003. However, the ruling of the Office of Thrift Supervision (the “OTS”) does not retroactively affect loans originated before July 1, 2003. See “Legal Aspects of Mortgage Assets—Enforceability of Certain Provisions—Prepayment Charges” in the prospectus.
 
Mortgage Loan Statistics
 
The Group I Mortgage Loans consist of 4,348 adjustable-rate and fixed-rate Mortgage Loans having an aggregate principal balance as of the Cut-off Date or Subsequent Cut-off Date of approximately $815,069,005.26, after application of scheduled payments due on or before the Cut-off Date or Subsequent Cut-off Date whether or not received and application of all unscheduled payments of principal received prior to the Cut-off Date or Subsequent Cut-off Date, and subject to a permitted variance of plus or minus 5%. None of the Group I Mortgage Loans had a first Due Date prior to September 1, 2005 or after April 1, 2006, or will have a remaining term to stated maturity of less than 178 months or greater than 360 months as of the Cut-off Date or Subsequent Cut-off Date. The latest maturity date of any Group I Mortgage Loan is March 1, 2036.
 
The Group II Mortgage Loans consist of 2,710 adjustable-rate and fixed-rate Mortgage Loans having an aggregate principal balance as of the Cut-off Date or Subsequent Cut-off Date of approximately $667,180,646.93, after application of scheduled payments due on or before the Cut-off Date or Subsequent Cut-off Date whether or not received and application of all unscheduled payments of principal received prior to the Cut-off Date or Subsequent Cut-off Date, and subject to a permitted variance of plus or minus 5%. None of the Group II Mortgage Loans had a first Due Date prior to September 1, 2005 or after April 1, 2006, or will have a remaining term to stated maturity of less than 179 months or greater than 360 months as of the Cut-off Date or Subsequent Cut-off Date. The latest maturity date of any Group II Mortgage Loan is March 1, 2036.

 

 
 
 
 



Collateral Summary
 
Statistics given below are for the Mortgage Loans in the pool as of the Cut-off Date. Balances and percentages are based on the Cut-off Date scheduled balances of such Mortgage Loans (except in the case of Debt-to-Income and FICO, which are determined at origination).
 
 
Summary Statistics
Range (if applicable)
     
Number of Mortgage Loans
7,058
  
     
Aggregate Current Principal Balance
$1,482,249,652.19
  
Average Current Principal Balance
$210,009.87
$21,884.97 to $959,258.51
     
Aggregate Original Principal Balance
$1,482,848,215.00
  
Average Original Principal Balance
$210,094.67
$22,000.00 to $960,000.00
     
Fully Amortizing Mortgage Loans
100.00%
  
     
1st Lien
99.03%
  
     
Weighted Avg. Gross Coupon
8.339%
6.000% to 12.575%
     
Weighted Avg. Original Term (months)
359
180 to 360
Weighted Avg. Remaining Term (months)
358
178 to 360
     
Weighted Avg. Margin(ARM Loans Only)
5.998%
3.750% to 7.125%
     
Weighted Avg. Maximum Rate (ARM Loans Only)
14.319%
12.000% to 18.575%
     
Weighted Avg. Minimum Rate (ARM Loans Only)
8.319%
6.000% to 12.575%
     
Weighted Avg. Original LTV (1)
82.39%
17.94% to 100.00%
     
Weighted Avg. Borrower FICO
618
500 to 813
     
Geographic Distribution (Top 5)
CA
32.56%
  
 
FL
12.69%
  
 
AZ
7.09%
  
 
IL
5.94%
  
 
NY
4.85%
  
(1) The loan-to-value(“OLTV”) of a first-lien mortgage at any given time is a fraction, expressed as a percentage, the numerator of which is the principal balance of the mortgage loan at the date of origination and the denominator of which is the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan. The OLTV of a second lien mortgage loan at any given time is a fraction, expressed as a percentage the numerator of which is (i) the sum of (a) the principal balance of such mortgage loan at the date of origination plus (b) the outstanding balance of the senior mortgage loan at the date of origination of such mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan.

 
 
 
 


Collateral Type
 
COLLATERAL TYPE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE
AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME (%)
GROSS COUPON (%)
FICO
OLTV1
(%)
2,815
$543,135,739.35
36.64
359
40.03
8.692
602
82.90
2YR/6MO LIB - 2YR IO
2
778,250.00
0.05
354
46.96
7.349
682
87.74
2YR/6MO LIB - 40YR
735
213,477,893.95
14.40
359
42.09
8.149
620
83.51
2YR/6MO LIB - 5YR IO
774
240,030,796.45
16.19
359
41.01
7.713
663
80.42
3YR/6MO LIB
1,160
219,987,402.96
14.84
359
39.47
8.472
602
82.78
3YR/6MO LIB - 40YR
233
61,878,952.39
4.17
359
42.12
8.049
614
83.22
3YR/6MO LIB - 5YR IO
169
47,124,204.82
3.18
359
40.40
7.549
656
78.54
FIXED RATE
1,071
132,367,186.22
8.93
353
39.45
8.614
609
82.73
FIXED RATE - 40YR
78
17,995,383.97
1.21
359
40.99
7.925
616
80.30
FIXED RATE - 5YR IO
21
5,473,842.08
0.37
355
41.70
7.718
646
79.89
Total:
7,058
$1,482,249,652.19
100.00
358
40.47
8.339
618
82.39

1 Original LTV if first lien, combined LTV if second lien.


Principal Balances at Origination*
 
RANGE OF
PRINCIPAL BALANCES
AT ORIGINATION ($)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF
ORIGINATION ($)
% OF PRINCIPAL
BALANCE
AS OF
ORIGINATION
REMAINING
TERM TO
MATURITY
(months)*
DEBT-TO-INCOME (%)*
GROSS COUPON (%)*
FICO*
OLTV1
(%)
11
$255,624.00
0.02
356
41.22
10.757
648
100.00
25,000.01 - 50,000.00
90
3,393,558.00
0.23
356
39.39
11.208
659
100.00
50,000.01 - 100,000.00
1,491
117,666,192.00
7.94
357
38.07
9.087
604
85.34
100,000.01 - 150,000.00
1,407
175,841,084.00
11.86
358
38.94
8.707
607
82.20
150,000.01 - 200,000.00
1,170
204,008,292.00
13.76
359
39.75
8.460
613
81.54
200,000.01 - 250,000.00
802
179,846,363.00
12.13
358
40.15
8.351
616
81.48
250,000.01 - 300,000.00
593
162,605,802.00
10.97
358
40.44
8.283
619
82.00
300,000.01 - 350,000.00
423
136,936,436.00
9.23
359
40.89
8.148
622
81.57
350,000.01 - 400,000.00
339
127,184,172.00
8.58
359
41.05
8.082
626
82.64
400,000.01 - 450,000.00
245
104,163,237.00
7.02
359
42.26
8.104
627
82.46
450,000.01 - 500,000.00
187
88,958,259.00
6.00
359
41.82
7.995
628
82.75
500,000.01 - 550,000.00
95
49,725,423.00
3.35
359
42.75
8.040
621
83.81
550,000.01 - 600,000.00
76
43,777,059.00
2.95
359
43.70
7.842
624
82.95
600,000.01 - 650,000.00
67
42,149,297.00
2.84
359
42.15
8.107
619
83.05
650,000.01 - 700,000.00
21
14,151,672.00
0.95
360
42.02
8.205
641
81.21
700,000.01 - 750,000.00
18
13,171,950.00
0.89
359
39.46
7.882
610
79.17
750,000.01 or greater
23
19,013,795.00
1.28
360
40.02
7.651
635
82.11
Total:
7,058
$1,482,848,215.00
100.00
358
40.47
8.339
618
82.39

1 Original LTV if first lien, combined LTV if second lien.

*Based on the original balances of the Mortgage Loans.


 
 
 
 


Principal Balance as of the Cut-Off Date
 
RANGE OF PRINCIPAL BALANCES AS OF THE
CUT-OFF DATE ($)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE
AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
11
$255,139.80
0.02
356
41.22
10.758
648
100.00
25,000.01 - 50,000.00
90
3,384,302.80
0.23
356
39.38
11.207
659
100.00
50,000.01 - 100,000.00
1,491
117,580,084.82
7.93
357
38.07
9.087
604
85.34
100,000.01 - 150,000.00
1,407
175,755,458.29
11.86
358
38.94
8.707
607
82.20
150,000.01 - 200,000.00
1,170
203,930,193.76
13.76
359
39.75
8.460
613
81.54
200,000.01 - 250,000.00
802
179,774,623.46
12.13
358
40.15
8.351
616
81.48
250,000.01 - 300,000.00
593
162,549,291.51
10.97
358
40.44
8.283
619
82.00
300,000.01 - 350,000.00
424
137,246,767.39
9.26
359
40.91
8.148
622
81.58
350,000.01 - 400,000.00
338
126,796,414.70
8.55
359
41.03
8.082
626
82.63
400,000.01 - 450,000.00
245
104,130,830.75
7.03
359
42.26
8.104
627
82.46
450,000.01 - 500,000.00
187
88,922,248.91
6.00
359
41.82
7.995
628
82.75
500,000.01 - 550,000.00
95
49,700,573.04
3.35
359
42.75
8.040
621
83.81
550,000.01 - 600,000.00
76
43,758,853.78
2.95
359
43.70
7.842
624
82.95
600,000.01 - 650,000.00
67
42,134,993.88
2.84
359
42.15
8.107
619
83.05
650,000.01 - 700,000.00
21
14,150,420.12
0.95
360
42.02
8.205
641
81.21
700,000.01 - 750,000.00
18
13,168,989.09
0.89
359
39.46
7.882
610
79.17
750,000.01 or greater
23
19,010,466.09
1.28
360
40.02
7.651
635
82.11
Total:
7,058
$1,482,249,652.19
100.00
358
40.47
8.339
618
82.39

1 Original LgTV if first lien, combined LTV if second lien.


Remaining Term to Maturity
 
RANGE OF MONTHS REMAINING
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE
AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
24
$3,063,318.01
0.21
179
37.14
8.191
617
71.59
181 - 240
27
4,333,085.44
0.29
239
39.86
7.687
644
76.86
301 - 360
7,007
1,474,853,248.74
99.50
359
40.48
8.341
618
82.42
Total:
7,058
$1,482,249,652.19
100.00
358
40.47
8.339
618
82.39

1 Original LTV if first lien, combined LTV if second lien.


Mortgage Rates
 
RANGE OF CURRENT
MORTGAGE RATES
(%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
54
$15,020,326.28
1.01
356
38.93
6.312
646
74.35
6.500 - 6.999
429
122,632,341.25
8.27
358
41.17
6.813
637
77.81
7.000 - 7.000
000
000,798,863.31
13.82
358
40.82
7.249
632
79.22
7.500 - 7.999
1,283
321,186,337.58
21.67
358
41.09
7.753
627
80.40
8.000 - 8.499
1,032
212,971,629.82
14.37
358
41.41
8.242
616
81.88
8.500 - 8.999
1,187
239,387,607.86
16.15
359
39.93
8.740
611
84.07
9.000 - 9.499
746
132,928,267.81
8.97
359
39.22
9.229
600
85.52
9.500 - 9.999
706
120,049,136.26
8.10
359
39.72
9.716
599
87.13
10.000 - 10.499
323
49,133,705.93
3.31
358
38.25
10.204
598
88.12
10.500 - 10.999
251
33,989,560.32
2.29
359
40.08
10.732
600
88.00
11.000 - 11.499
136
15,429,426.21
1.04
359
40.04
11.198
599
89.13
11.500 - 11.999
69
9,116,486.54
0.62
358
39.92
11.702
601
88.82
12.000 - 12.499
57
4,779,342.02
0.32
358
35.63
12.184
608
94.32
12.500 - 12.999
6
826,621.00
0.06
359
50.85
12.551
560
73.72
Total:
7,058
$1,482,249,652.19
100.00
358
40.47
8.339
618
82.39

1 Original LTV if first lien, combined LTV if second lien.


 
 
 
 


Original Loan-to-Value Ratios(1)
 
RANGE OF ORIGINAL
LOAN-TO-VALUE
RATIOS (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV2
(%)
9
$966,621.56
0.07
344
38.61
8.411
597
21.72
25.01 - 30.00
9
1,417,746.62
0.10
352
37.05
8.612
586
27.48
30.01 - 35.00
17
2,524,278.02
0.17
344
39.55
8.217
587
32.94
35.01 - 40.00
27
3,821,086.65
0.26
359
36.96
7.810
608
38.08
40.01 - 45.00
25
3,350,420.49
0.23
354
40.88
8.085
566
42.52
45.01 - 50.00
40
7,459,603.65
0.50
358
40.20
8.058
584
48.12
50.01 - 55.00
47
8,029,658.74
0.54
355
39.45
8.104
591
53.17
55.01 - 60.00
82
17,141,321.99
1.16
355
39.44
7.806
599
58.01
60.01 - 65.00
160
35,287,959.91
2.38
359
40.95
8.041
593
63.53
65.01 - 70.00
232
49,148,907.08
3.32
359
41.18
7.897
591
68.72
70.01 - 75.00
433
96,585,652.94
6.52
357
41.85
8.208
586
73.98
75.01 - 80.00
2,378
582,139,484.24
39.27
359
41.41
7.911
636
79.82
80.01 - 85.00
776
162,627,946.87
10.97
358
39.65
8.349
594
84.50
85.01 - 90.00
1,828
342,889,103.53
23.13
359
38.92
8.731
609
89.76
90.01 - 95.00
679
142,075,703.61
9.59
359
40.38
9.143
627
94.84
95.01 - 100.00
316
26,784,156.29
1.81
358
40.30
10.538
657
99.99
Total:
7,058
$1,482,249,652.19
100.00
358
40.47
8.339
618
82.39

1 The loan-to-value(“OLTV”) of a first-lien mortgage at any given time is a fraction, expressed as a percentage, the numerator of which is the principal balance of the mortgage loan at the date of origination and the denominator of which is the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan. The OLTV of a second lien mortgage loan at any given time is a fraction, expressed as a percentage the numerator of which is (i) the sum of (a) the principal balance of such mortgage loan at the date of origination plus (b) the outstanding balance of the senior mortgage loan at the date of origination of such mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan.

2 Original LTV if first lien, combined LTV if second lien.


FICO Score at Origination
 
RANGE OF FICO SCORES
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME (%)
GROSS COUPON (%)
FICO
OLTV1
(%)
352
$62,810,591.99
4.24
358
41.70
9.103
510
78.62
520 - 539
467
86,002,673.37
5.80
359
41.37
8.928
530
79.13
540 - 559
604
112,875,868.55
7.62
358
40.47
8.723
551
81.65
560 - 579
591
117,405,933.77
7.92
358
40.09
8.561
569
82.25
580 - 599
735
152,799,133.62
10.31
359
41.18
8.235
589
83.09
600 - 619
992
200,480,792.64
13.53
358
40.42
8.289
609
83.17
620 - 639
1,134
259,495,807.82
17.51
359
41.08
8.180
629
82.41
640 - 659
749
166,417,276.81
11.23
358
39.78
8.172
650
82.91
660 - 679
511
111,451,281.30
7.52
359
39.72
8.177
668
83.07
680 - 699
423
97,775,254.56
6.60
359
40.24
7.999
688
83.17
700 - 719
206
47,893,832.63
3.23
358
39.86
8.122
709
82.92
720 - 739
115
27,630,296.28
1.86
358
38.92
7.976
729
83.45
740 - 759
99
22,393,810.89
1.51
358
38.47
8.364
749
83.52
760 - 779
55
12,494,062.58
0.84
359
39.59
8.143
769
83.69
780 - 799
15
2,670,006.20
0.18
359
36.55
8.072
785
83.57
800 or greater
10
1,653,029.18
0.11
359
36.40
8.646
807
84.99
Total:
7,058
$1,482,249,652.19
100.00
358
40.47
8.339
618
82.39

1 Original LTV if first lien, combined LTV if second lien.


 
 
 
 


Debt-to-Income Ratio
 
RANGE OF DEBT-TO-INCOME RATIOS (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
362
$68,466,656.90
4.62
358
13.45
8.607
623
84.39
20.01 - 25.00
283
51,626,192.74
3.48
358
23.29
8.514
621
82.00
25.01 - 30.00
520
90,554,718.15
6.11
357
28.28
8.444
625
81.96
30.01 - 35.00
744
138,684,187.46
9.36
359
33.12
8.374
614
82.19
35.01 - 40.00
1,113
223,180,324.78
15.06
358
38.27
8.327
619
82.20
40.01 - 45.00
1,662
363,460,802.63
24.52
359
43.19
8.278
623
82.78
45.01 - 50.00
2,203
509,898,923.44
34.40
359
48.13
8.292
616
83.06
50.01 - 55.00
171
36,377,846.09
2.45
358
53.07
8.516
564
68.77
Total:
7,058
$1,482,249,652.19
100.00
358
40.47
8.339
618
82.39

1 Original LTV if first lien, combined LTV if second lien.


 
 
 
 


Geographic Distribution
 
STATE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
1,347
$482,559,667.25
32.56
359
41.68
7.993
629
80.66
Florida
984
188,055,056.39
12.69
358
39.41
8.477
625
82.82
Arizona
571
105,097,507.05
7.09
358
40.16
8.405
626
80.98
Illinois
436
88,109,423.78
5.94
357
40.83
8.564
614
83.27
New York
221
71,936,448.62
4.85
359
41.68
8.074
618
81.25
Maryland
266
61,184,578.93
4.13
359
40.93
7.929
600
79.59
Ohio
586
58,565,614.92
3.95
356
38.09
8.701
591
87.36
New Jersey
196
52,705,334.39
3.56
357
40.50
8.286
605
81.41
Nevada
136
33,979,878.55
2.29
359
39.96
8.494
626
82.29
Texas
264
33,029,859.21
2.23
357
38.48
9.016
611
85.92
Michigan
229
27,035,102.95
1.82
359
39.66
9.045
588
86.70
Utah
161
26,987,427.07
1.82
357
40.03
8.505
631
84.43
Missouri
223
26,143,712.26
1.76
359
38.95
9.207
595
87.07
Washington
105
21,116,083.64
1.42
359
39.57
8.267
613
82.62
Colorado
109
20,843,210.04
1.41
357
41.76
8.165
619
84.47
Wisconsin
137
17,542,002.74
1.18
359
40.85
9.229
592
86.03
Massachusetts
70
17,500,132.74
1.18
359
38.89
8.185
610
82.76
Hawaii
44
16,745,743.56
1.13
359
41.14
7.687
652
80.96
Pennsylvania
120
16,651,846.83
1.12
359
38.47
8.635
590
83.43
Minnesota
64
14,010,576.67
0.95
359
39.49
8.554
605
84.12
Connecticut
60
12,328,807.14
0.83
359
40.93
9.073
599
84.90
Indiana
133
11,804,019.25
0.80
359
36.89
9.017
604
88.12
New Mexico
53
8,347,878.07
0.56
359
38.66
9.041
603
84.74
Louisiana
57
5,995,261.16
0.40
359
39.35
9.056
600
85.26
Tennessee
50
5,740,591.95
0.39
358
38.73
9.234
580
89.09
Oklahoma
53
5,663,944.55
0.38
358
36.74
9.051
599
87.63
North Carolina
47
5,521,340.50
0.37
359
36.69
9.009
589
83.73
Oregon
19
4,538,373.33
0.31
360
37.77
8.199
623
81.90
Rhode Island
18
3,913,650.28
0.26
359
41.41
8.932
606
83.38
Kansas
34
3,771,175.28
0.25
359
42.77
9.056
573
84.92
Maine
23
3,525,568.73
0.24
358
40.39
8.278
602
82.18
Nebraska
30
3,411,695.71
0.23
359
38.55
9.095
601
87.98
Kentucky
30
3,410,578.78
0.23
356
43.92
8.681
594
86.77
Idaho
22
3,334,846.68
0.22
360
38.69
8.620
613
84.67
Iowa
30
3,059,899.68
0.21
359
34.77
8.936
584
86.12
Georgia
17
2,662,810.03
0.18
359
39.29
8.635
586
83.20
South Carolina
21
2,501,570.08
0.17
359
41.53
9.203
566
83.33
Alabama
18
2,371,433.92
0.16
359
39.83
9.095
572
86.68
Delaware
14
2,194,805.12
0.15
359
40.18
9.183
563
74.43
Mississippi
20
1,957,246.15
0.13
359
37.26
9.161
596
84.99
New Hampshire
7
1,847,447.41
0.12
359
34.45
8.804
618
83.78
Alaska
9
1,569,504.31
0.11
359
35.82
8.641
587
87.09
Arkansas
10
1,250,255.42
0.08
360
38.18
8.967
597
82.02
Wyoming
9
1,114,736.74
0.08
360
41.39
8.030
630
81.76
South Dakota
3
327,644.33
0.02
359
35.18
8.599
602
85.65
Montana
1
165,750.00
0.01
360
47.00
8.450
599
85.00
North Dakota
1
119,610.00
0.01
360
47.00
10.800
567
90.00
Total:
7,058
$1,482,249,652.19
100.00
358
40.47
8.339
618
82.39

1 Original LTV if first lien, combined LTV if second lien.


Occupancy Status
 
OCCUPANCY
STATUS*
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME (%)
GROSS COUPON (%)
FICO
OLTV1
(%)
6,045
$1,323,499,466.14
89.29
358
41.33
8.248
615
81.85
Investor
938
143,240,419.37
9.66
359
32.74
9.148
644
87.00
Second Home
75
15,509,766.68
1.05
357
38.05
8.564
650
85.10
Total:
7,058
$1,482,249,652.19
100.00
358
40.47
8.339
618
82.39

1 Original LTV if first lien, combined LTV if second lien.

*Based on mortgagor representation at origination.

Documentation Type
 
INCOME DOCUMENTATION
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME (%)
GROSS COUPON (%)
FICO
OLTV1
(%)
4,124
$806,111,848.95
54.38
358
40.04
8.098
601
81.99
Stated Documentation
2,424
556,784,629.57
37.56
359
41.54
8.708
643
82.91
Limited Documentation
510
119,353,173.67
8.05
358
38.40
8.243
615
82.62
Total:
7,058
$1,482,249,652.19
100.00
358
40.47
8.339
618
82.39

1 Original LTV if first lien, combined LTV if second lien.


Loan Purpose
 
PURPOSE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME (%)
GROSS COUPON (%)
FICO
OLTV1
(%)
3,452
$695,577,807.86
46.93
359
40.51
8.420
642
84.31
Refinance-Debt Consolidation Cash Out*
3,296
736,311,113.75
49.68
358
40.49
8.262
596
80.58
Refinance-Debt Consolidation No Cash Out**
310
50,360,730.58
3.40
357
39.74
8.327
601
82.12
Total:
7,058
$1,482,249,652.19
100.00
358
40.47
8.339
618
82.39

1 Original LTV if first lien, combined LTV if second lien.


** Cash proceeds to the borrower inclusive of debt consolidation payments exceed 2% or $2,000 of the original principal balance of the related loan. Also includes all home equity loans originated in Texas with any cash proceeds.

*** Cash proceeds to the borrower inclusive of debt consolidation payments do not exceed 2% or $2,000 of the original principal balance of the related loan. Excludes home equity loans originated in Texas with any cash proceeds.


Credit Grade
 
RISK CATEGORY
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
5,492
$1,146,519,855.04
77.35
358
40.43
8.227
630
83.10
II
1,066
231,377,270.11
15.61
358
40.24
8.525
585
82.54
III
252
52,460,970.81
3.54
358
39.27
8.996
563
78.86
IV
206
44,084,580.56
2.97
359
43.24
9.075
557
70.19
V
42
7,806,975.67
0.53
356
44.84
10.679
547
65.21
Total:
7,058
$1,482,249,652.19
100.00
358
40.47
8.339
618
82.39

1 Original LTV if first lien, combined LTV if second lien.


Property Type
 
PROPERTY TYPE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
5,239
$1,073,638,082.02
72.43
358
40.49
8.322
614
82.20
PUD Detached
734
179,888,168.73
12.14
359
41.18
8.375
620
83.03
Two-to Four-Family
522
121,851,740.06
8.22
359
40.17
8.301
630
81.85
Condominium
526
98,692,358.28
6.66
359
39.31
8.500
640
83.81
PUD Attached
29
6,408,093.33
0.43
359
40.40
8.168
626
84.11
Single Family Attached
8
1,771,209.77
0.12
359
40.65
8.817
631
80.90
Total:
7,058
$1,482,249,652.19
100.00
358
40.47
8.339
618
82.39

1 Original LTV if first lien, combined LTV if second lien.


Prepayment Charge Term
 
PREPAYMENT CHARGE
TERM AT ORIGINATION
(MONTHS)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
2,429
$504,206,915.18
34.02
358
40.25
8.644
619
82.98
12
291
85,159,840.43
5.75
359
40.83
8.439
627
81.95
24
3,287
715,461,894.16
48.27
359
40.85
8.169
618
82.26
36
1,051
177,421,002.42
11.97
357
39.39
8.108
611
81.42
Total:
7,058
$1,482,249,652.19
100.00
358
40.47
8.339
618
82.39

1 Original LTV if first lien, combined LTV if second lien.


Conforming Balances
 
CONFORMING BALANCE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
6,454
$1,176,384,637.26
79.36
358
40.04
8.411
616
82.28
Non-conforming
604
305,865,014.93
20.64
359
42.11
8.060
626
82.81
Total:
7,058
$1,482,249,652.19
100.00
358
40.47
8.339
618
82.39

1 Original LTV if first lien, combined LTV if second lien.


Maximum Mortgage Rates of the Adjustable-Rate Loans
 
RANGE OF MAXIMUM
MORTGAGE RATES (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
51
$14,693,188.20
1.11
356
39.00
6.313
647
74.36
12.500 - 12.999
392
113,534,126.48
8.56
359
41.26
6.812
637
77.92
13.000 - 13.499
658
179,041,820.23
13.50
359
40.83
7.250
633
79.50
13.500 - 13.999
1,094
287,613,913.82
21.68
359
41.24
7.756
629
80.64
14.000 - 14.499
850
191,472,659.12
14.44
358
41.61
8.241
619
81.95
14.500 - 14.999
1,035
218,617,037.30
16.48
359
39.97
8.743
612
84.20
15.000 - 15.499
640
120,019,064.30
9.05
359
39.39
9.228
601
85.56
15.500 - 15.999
610
109,365,767.94
8.25
359
39.73
9.717
599
87.15
16.000 - 16.499
254
42,423,033.27
3.20
359
38.34
10.201
598
88.28
16.500 - 16.999
181
28,745,537.23
2.17
359
40.00
10.730
594
86.77
17.000 - 17.499
76
11,990,645.16
0.90
359
39.72
11.169
586
86.55
17.500 - 17.999
34
6,456,654.53
0.49
359
39.20
11.678
582
84.37
18.000 - 18.499
11
1,888,931.34
0.14
359
28.96
12.245
569
86.55
18.500 - 18.999
2
550,861.00
0.04
359
54.44
12.564
515
60.56
Total:
5,888
$1,326,413,239.92
100.00
359
40.56
8.319
619
82.39

1 Original LTV if first lien, combined LTV if second lien


 
 
 
 


Minimum Mortgage Rates of the Adjustable-Rate Loans
 
RANGE OF MINIMUM
MORTGAGE RATES (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
52
$15,342,829.44
1.16
356
39.34
6.425
642
74.19
6.500 - 6.999
392
113,534,126.48
8.56
359
41.26
6.812
637
77.92
7.000 - 7.499
658
179,041,820.23
13.50
359
40.83
7.250
633
79.50
7.500 - 7.999
1,094
287,613,913.82
21.68
359
41.24
7.756
629
80.64
8.000 - 8.499
850
191,472,659.12
14.44
358
41.61
8.241
619
81.95
8.500 - 8.999
1034
217,967,396.06
16.43
359
39.95
8.742
612
84.24
9.000 - 9.499
640
120,019,064.30
9.05
359
39.39
9.228
601
85.56
9.500 - 9.999
610
109,365,767.94
8.25
359
39.73
9.717
599
87.15
10.000 - 10.499
254
42,423,033.27
3.20
359
38.34
10.201
598
88.28
10.500 - 10.999
181
28,745,537.23
2.17
359
40.00
10.730
594
86.77
11.000 - 11.499
76
11,990,645.16
0.90
359
39.72
11.169
586
86.55
11.500 - 11.999
34
6,456,654.53
0.49
359
39.20
11.678
582
84.37
12.000 - 12.499
11
1,888,931.34
0.14
359
28.96
12.245
569
86.55
12.500 - 12.999
2
550,861.00
0.04
359
54.44
12.564
515
60.56
Total:
5,888
$1,326,413,239.92
100.00
359
40.56
8.319
619
82.39

1 Original LTV if first lien, combined LTV if second xxxx


Xxxxx Margins of the Adjustable-Rate Loans
 
RANGE OF GROSS
MARGINS (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
3
$757,932.04
0.06
355
44.69
7.574
574
91.17
4.000 - 4.249
3
1,224,705.99
0.09
357
36.48
7.474
605
87.04
6.000 - 6.249
5,873
1,322,720,600.73
99.72
359
40.56
8.320
619
82.38
6.250 - 6.499
1
266,400.00
0.02
360
47.00
11.100
557
90.00
6.750 - 6.999
1
279,801.86
0.02
359
45.00
7.737
633
80.00
7.000 - 7.249
7
1,163,799.30
0.09
360
42.77
8.847
596
85.96
Total:
5,888
$1,326,413,239.92
100.00
359
40.56
8.319
619
82.39

1 Original LTV if first lien, combined LTV if second lien.


Next Rate Adjustment Date of the Adjustable-Rate Loans
 
NEXT RATE ADJUSTMENT
DATE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
3
$358,742.32
0.03
353
39.34
7.949
607
92.64
September 1, 2007
25
4,752,055.53
0.36
354
36.95
7.968
621
87.70
October 1, 2007
59
11,613,037.69
0.88
355
40.04
7.663
606
87.78
November 1, 2007
54
10,111,542.03
0.76
356
37.89
8.305
571
85.10
December 1, 2007
70
12,813,145.44
0.97
357
38.72
8.369
594
84.98
January 1, 2008
308
72,507,951.87
5.47
358
40.80
8.040
618
82.55
February 1, 2008
2,078
483,412,905.87
36.45
359
40.97
8.398
621
82.16
March 1, 2008
1,729
401,853,299.00
30.30
360
40.57
8.346
623
82.37
September 1, 2008
13
2,009,021.25
0.15
354
42.57
7.822
585
88.53
October 1, 2008
28
5,419,629.60
0.41
355
38.94
7.800
578
89.54
November 1, 2008
20
4,323,167.63
0.33
356
37.36
7.525
594
88.36
December 1, 2008
30
5,392,468.03
0.41
357
39.67
8.045
600
85.89
January 1, 2009
122
23,691,544.78
1.79
358
41.78
7.902
602
82.94
February 1, 2009
709
148,659,951.88
11.21
359
39.84
8.306
614
81.58
March 1, 2009
640
139,494,777.00
10.52
360
40.21
8.327
615
82.16
Total:
5,888
$1,326,413,239.92
100.00
359
40.56
8.319
619
82.39

1 Original LTV if first lien, combined LTV if second lien.


 
 
 
 


Initial Periodic Rate Cap of the Adjustable-Rate Loans
 
INITIAL PERIODIC
CAP (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
5,888
$1,326,413,239.92
100.00
359
40.56
8.319
619
82.39
Total:
5,888
$1,326,413,239.92
100.00
359
40.56
8.319
619
82.39

1 Original LTV if first lien, combined LTV if second lien.


Periodic Rate Cap of the Adjustable-Rate Loans
 
PERIODIC
CAP (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
5,888
$1,326,413,239.92
100.00
359
40.56
8.319
619
82.39
Total:
5,888
$1,326,413,239.92
100.00
359
40.56
8.319
619
82.39

1 Original LTV if first lien, combined LTV if second lien.


Historical Delinquency of the Mortgage Loans Since Origination
 
STATUS
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
6,967
$1,467,151,205.67
98.98
358
40.48
8.340
618
82.34
1 x 30
91
15,098,446.52
1.02
356
39.18
8.236
587
86.49
Total:
7,058
$1,482,249,652.19
100.00
358
40.47
8.339
618
82.39




 
 
 
 
DESCRIPTION OF THE TOTAL COLLATERAL



DESCRIPTION OF THE GROUP I COLLATERAL

Collateral Summary
 
Statistics given below are for the Mortgage Loans in the pool as of the Cut-off Date. Balances and percentages are based on the Cut-off Date scheduled balances of such Mortgage Loans (except in the case of Debt-to-Income and FICO, which are determined at origination).
 
Summary Statistics
Range (if applicable)
     
Number of Mortgage Loans
4,348
  
     
Aggregate Current Principal Balance
$815,069,005.26
  
Average Current Principal Balance
$187,458.37
$59,697.62 - $618,067.72
     
Aggregate Original Principal Balance
$815,399,227.00
  
Average Original Principal Balance
$187,534.32
$60,000.00 - $618,300.00
     
Fully Amortizing Mortgage Loans
100.00%
  
     
1st Lien
100.00%
  
     
Weighted Avg. Gross Coupon
8.394%
6.000% to 12.550%
     
Weighted Avg. Original Term (months)
359
180 to 360
Weighted Avg. Remaining Term (months)
358
178 to 360
     
Weighted Avg. Margin(ARM Loans Only)
5.998%
3.750% to 7.125%
     
Weighted Avg. Maximum Rate (ARM Loans Only)
14.411%
12.000% to 18.550%
     
Weighted Avg. Minimum Rate (ARM Loans Only)
8.411%
6.000% to 12.550%
     
Weighted Avg. Original LTV (1)
82.34%
17.94% to 100.00%
     
Weighted Avg. Borrower FICO
612
500 to 813
     
Geographic Distribution (Top 5):
CA
22.33%
  
 
FL
11.19%
  
 
AZ
8.01%
  
 
IL
7.94%
  
 
NY
5.77%
  

(1) The loan-to-value(“OLTV”) of a first-lien mortgage at any given time is a fraction, expressed as a percentage, the numerator of which is the principal balance of the mortgage loan at the date of origination and the denominator of which is the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan. The OLTV of a second lien mortgage loan at any given time is a fraction, expressed as a percentage the numerator of which is (i) the sum of (a) the principal balance of such mortgage loan at the date of origination plus (b) the outstanding balance of the senior mortgage loan at the date of origination of such mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan.

 
 
 
 


Collateral Type
 
COLLATERAL TYPE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME (%)
GROSS COUPON (%)
FICO
OLTV1
(%)
2YR/6MO LIB
1,823
$308,178,980.10
37.81
359
39.22
8.776
602
83.18
2YR/6MO LIB - 2YR IO
1
236,250.00
0.03
354
40.00
6.200
693
75.00
2YR/6MO LIB - 40YR
428
101,355,593.57
12.44
359
41.96
8.205
618
83.46
2YR/6MO LIB - 5YR IO
332
90,183,292.70
11.06
358
41.61
7.646
657
80.11
3YR/6MO LIB
802
145,489,979.90
17.85
359
39.02
8.516
602
82.58
3YR/6MO LIB - 40YR
156
37,690,164.17
4.62
359
42.12
7.986
609
82.78
3YR/6MO LIB - 5YR IO
93
24,948,748.82
3.06
358
41.41
7.544
650
79.17
FIXED RATE
637
88,957,096.56
10.91
352
39.60
8.373
601
80.94
FIXED RATE - 40YR
62
14,063,431.44
1.73
359
40.91
7.873
615
81.66
FIXED RATE - 5YR IO
14
3,965,468.00
0.49
359
41.89
7.739
649
80.56
Total:
4,348
$815,069,005.26
100.00
358
40.07
8.394
612
82.34

1 Original LTV if a first lien, Combined LTV if a second lien.


Principal Balances at Origination*
 
RANGE OF
PRINCIPAL BALANCES
AT ORIGINATION ($)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF
ORIGINATION ($)
% OF PRINCIPAL
BALANCE
AS OF
ORIGINATION
REMAINING
TERM TO
MATURITY
(months)*
DEBT-TO-INCOME (%)*
GROSS COUPON (%)*
FICO*
OLTV1
(%)
1,013
$81,528,847.00
10.00
357
38.15
9.016
600
84.88
100,000.01 - 150,000.00
990
123,534,080.00
15.15
357
39.61
8.658
606
82.37
150,000.01 - 200,000.00
765
133,262,843.00
16.34
359
39.94
8.471
608
81.99
200,000.01 - 250,000.00
485
108,307,279.00
13.28
358
39.99
8.357
610
81.21
250,000.01 - 300,000.00
338
92,791,373.00
11.38
358
39.57
8.336
607
81.86
300,000.01 - 350,000.00
338
109,594,405.00
13.44
358
40.59
8.162
620
81.56
350,000.01 - 400,000.00
283
106,164,944.00
13.02
359
41.15
8.081
626
82.73
400,000.01 - 450,000.00
93
38,533,075.00
4.73
359
41.59
8.020
621
83.06
450,000.01 - 500,000.00
29
13,750,900.00
1.69
359
43.40
8.030
619
83.10
500,000.01 - 550,000.00
6
3,154,350.00
0.39
360
39.93
8.556
639
86.61
550,000.01 - 600,000.00
5
2,938,831.00
0.36
360
46.01
6.730
675
77.78
600,000.01 - 650,000.00
3
1,838,300.00
0.23
359
37.71
7.400
629
88.31
Total:
4,348
$815,399,227.00
100.00
358
40.07
8.394
612
82.34

1 Original LTV if first lien, combined LTV if second lien.

*Based on the original balances of the Mortgage Loans.


Principal Balance as of the Cut-Off Date
 
RANGE OF PRINCIPAL BALANCES AS OF THE
CUT-OFF DATE ($)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE
AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
1,013
$81,479,193.05
10.00
357
38.15
9.016
600
84.88
100,000.01 - 150,000.00
990
123,475,862.78
15.15
357
39.61
8.659
606
82.37
150,000.01 - 200,000.00
765
133,208,082.40
16.34
359
39.94
8.472
608
81.99
200,000.01 - 250,000.00
485
108,259,829.03
13.28
358
39.99
8.357
610
81.21
250,000.01 - 300,000.00
338
92,756,976.54
11.38
358
39.57
8.337
607
81.86
300,000.01 - 350,000.00
339
109,912,686.61
13.49
358
40.62
8.162
620
81.57
350,000.01 - 400,000.00
282
105,781,380.26
12.98
359
41.12
8.081
626
82.72
400,000.01 - 450,000.00
93
38,518,028.03
4.73
359
41.59
8.020
621
83.05
450,000.01 - 500,000.00
29
13,746,952.12
1.69
359
43.40
8.030
619
83.10
500,000.01 - 550,000.00
6
3,153,775.63
0.39
360
39.93
8.556
639
86.61
550,000.01 - 600,000.00
5
2,938,606.22
0.36
360
46.01
6.730
675
77.78
600,000.01 - 650,000.00
3
1,837,632.59
0.23
359
37.71
7.400
629
88.31
Total:
4,348
$815,069,005.26
100.00
358
40.07
8.394
612
82.34

1 Original LTV if first lien, combined LTV if second lien.


 
 
 
 


Remaining Term to Maturity
 
RANGE OF MONTHS REMAINING
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE
AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
18
$2,553,942.22
0.31
179
38.02
8.296
620
73.17
181 - 240
17
2,931,733.17
0.36
239
40.56
7.495
634
77.70
301 - 360
4,313
809,583,329.87
99.33
359
40.08
8.398
612
82.39
Total:
4,348
$815,069,005.26
100.00
358
40.07
8.394
612
82.34

1 Original LTV if first lien, combined LTV if second lien.


Mortgage Rate
 
RANGE OF CURRENT
MORTGAGE RATES
(%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
35
$9,215,549.33
1.13
355
38.38
6.307
659
76.05
6.500 - 6.999
261
66,453,319.94
8.15
358
40.39
6.811
636
77.55
7.000 - 7.499
453
102,522,288.90
12.58
358
41.62
7.249
627
79.02
7.500 - 7.000
000
000,794,925.97
18.99
358
40.85
7.756
621
79.73
8.000 - 8.499
652
118,542,886.66
14.54
357
40.87
8.237
609
82.02
8.500 - 8.999
771
140,384,641.96
17.22
359
39.47
8.735
604
83.90
9.000 - 9.499
514
83,944,057.38
10.30
359
38.61
9.229
601
85.82
9.500 - 9.999
484
77,694,094.61
9.53
359
39.04
9.724
597
86.77
10.000 - 10.499
205
29,601,094.46
3.63
358
38.92
10.200
592
87.70
10.500 - 10.999
136
18,246,596.61
2.24
359
38.64
10.715
597
88.06
11.000 - 11.499
58
8,118,248.52
1.00
359
40.33
11.195
589
87.90
11.500 - 11.999
24
3,936,893.63
0.48
359
37.03
11.707
572
80.95
12.000 - 12.499
10
1,371,468.78
0.17
359
22.84
12.225
592
90.33
12.500 - 12.999
1
242,938.51
0.03
359
55.00
12.550
531
48.60
Total:
4,348
$815,069,005.26
100.00
358
40.07
8.394
612
82.34

1 Original LTV if first lien, combined LTV if second lien.


 
 
 
 


Original Loan-to-Value Ratios(1)
 
RANGE OF ORIGINAL
LOAN-TO-VALUE
RATIOS (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV2
(%)
8
$806,621.56
0.10
340
39.52
8.215
606
21.39
25.01 - 30.00
6
777,985.23
0.10
359
36.99
7.959
568
28.57
30.01 - 35.00
11
1,562,058.21
0.19
335
40.33
8.429
597
33.06
35.01 - 40.00
16
2,532,731.24
0.31
359
39.09
7.880
606
37.93
40.01 - 45.00
18
2,312,965.39
0.28
352
42.08
8.074
558
42.69
45.01 - 50.00
20
3,430,482.07
0.42
356
39.61
8.344
590
48.41
50.01 - 55.00
24
4,553,585.00
0.56
354
38.38
8.305
593
52.98
55.01 - 60.00
56
11,766,975.51
1.44
356
37.92
7.679
604
57.80
60.01 - 65.00
93
20,353,455.19
2.50
359
39.06
7.975
600
63.95
65.01 - 70.00
125
26,726,226.16
3.28
359
40.95
7.876
592
68.21
70.01 - 75.00
304
63,167,596.60
7.75
357
41.61
8.204
584
74.30
75.01 - 80.00
1,379
276,253,949.71
33.89
359
41.46
8.004
626
79.74
80.01 - 85.00
642
119,450,683.59
14.66
357
39.16
8.396
595
84.51
85.01 - 90.00
1,090
182,613,233.39
22.40
359
38.12
8.785
611
89.79
90.01 - 95.00
503
91,293,829.70
11.20
359
40.27
9.170
625
94.82
95.01 - 100.00
53
7,466,626.71
0.92
359
40.23
9.862
647
100.00
Total:
4,348
$815,069,005.26
100.00
358
40.07
8.394
612
82.34

1 The loan-to-value(“OLTV”) of a first-lien mortgage at any given time is a fraction, expressed as a percentage, the numerator of which is the principal balance of the mortgage loan at the date of origination and the denominator of which is the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan. The OLTV of a second lien mortgage loan at any given time is a fraction, expressed as a percentage the numerator of which is (i) the sum of (a) the principal balance of such mortgage loan at the date of origination plus (b) the outstanding balance of the senior mortgage loan at the date of origination of such mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan.

2 Original LTV if first lien, combined LTV if second lien.


FICO Score at Origination
 
RANGE OF FICO SCORES
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME (%)
GROSS COUPON (%)
FICO
OLTV1
(%)
255
$40,808,971.20
5.01
357
41.05
9.122
510
78.82
520 - 539
338
58,584,550.26
7.19
359
41.01
8.979
530
79.32
540 - 559
407
69,245,260.94
8.50
358
40.41
8.738
551
82.05
560 - 579
382
65,426,668.53
8.03
358
39.64
8.602
570
81.50
580 - 599
486
87,750,251.82
10.77
359
40.77
8.295
589
83.26
600 - 619
651
122,272,150.78
15.00
358
40.09
8.292
609
83.12
620 - 639
642
131,785,648.59
16.17
358
40.81
8.219
629
82.54
640 - 659
424
85,119,605.02
10.44
357
38.87
8.149
649
83.00
660 - 679
284
54,788,711.21
6.72
359
40.20
8.211
668
82.98
680 - 699
207
43,366,972.44
5.32
358
39.38
8.050
688
83.30
700 - 719
118
24,258,916.86
2.98
358
37.89
8.241
708
83.21
720 - 739
62
12,442,247.64
1.53
359
38.71
7.891
729
82.92
740 - 759
56
10,974,204.41
1.35
356
37.16
8.449
750
83.88
760 - 779
27
6,736,166.99
0.83
360
37.09
8.026
770
83.69
780 - 799
4
653,004.99
0.08
359
34.60
8.081
787
86.13
800 or greater
5
855,673.58
0.10
359
42.49
9.097
806
88.79
Total:
4,348
$815,069,005.26
100.00
358
40.07
8.394
612
82.34

1 Original LTV if first lien, combined LTV if second lien.


 
 
 
 


Debt-to-Income Ratio
 
RANGE OF DEBT-TO-INCOME RATIOS (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
237
$40,668,543.79
4.99
358
12.95
8.807
619
84.19
20.01 - 25.00
166
28,059,649.35
3.44
358
23.28
8.751
620
82.95
25.01 - 30.00
321
54,969,065.03
6.74
356
28.12
8.413
618
81.77
30.01 - 35.00
474
83,532,118.84
10.25
359
33.11
8.431
612
82.30
35.01 - 40.00
683
123,265,599.02
15.12
358
38.17
8.366
612
81.86
40.01 - 45.00
992
193,024,261.31
23.68
359
43.13
8.318
616
82.64
45.01 - 50.00
1,376
271,848,776.64
33.35
358
48.18
8.334
610
83.10
50.01 - 55.00
99
19,700,991.28
2.42
357
53.00
8.560
560
69.07
Total:
4,348
$815,069,005.26
100.00
358
40.07
8.394
612
82.34

1 Original LTV if first lien, combined LTV if second lien.


 
 
 
 


Geographic Distribution
 
STATE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
595
$181,968,844.75
22.33
359
40.84
8.003
624
79.45
Florida
460
91,214,775.51
11.19
359
39.14
8.477
618
82.60
Arizona
374
65,288,445.27
8.01
358
40.60
8.403
619
80.77
Illinois
338
64,703,120.18
7.94
357
40.91
8.562
612
83.26
New York
148
47,000,527.99
5.77
359
41.35
8.075
612
80.85
Maryland
187
41,330,379.27
5.07
359
40.49
7.998
605
79.92
Ohio
404
39,980,816.99
4.91
356
38.23
8.729
587
87.53
New Jersey
138
35,127,728.07
4.31
357
38.57
8.332
607
81.39
Texas
168
19,123,364.57
2.35
356
39.05
8.932
617
86.23
Michigan
158
17,894,456.05
2.20
359
39.06
8.964
590
86.71
Missouri
161
17,877,495.53
2.19
359
39.82
9.188
591
87.24
Colorado
91
16,792,035.31
2.06
357
41.77
8.139
619
84.63
Utah
106
16,780,772.70
2.06
356
39.02
8.578
628
85.14
Nevada
72
16,757,826.68
2.06
359
39.31
8.478
628
82.42
Washington
76
14,661,281.87
1.80
359
41.51
8.226
606
82.38
Wisconsin
106
13,491,177.90
1.66
359
41.40
9.257
585
85.59
Massachusetts
50
12,427,759.01
1.52
359
38.51
8.155
611
82.26
Pennsylvania
81
11,301,926.54
1.39
359
36.86
8.562
589
82.89
Connecticut
49
10,167,036.58
1.25
360
40.69
8.958
605
85.30
Hawaii
23
9,675,446.70
1.19
359
42.84
7.345
661
78.61
Minnesota
49
9,603,663.75
1.18
359
40.08
8.777
596
85.01
Indiana
97
8,347,380.46
1.02
359
37.20
9.096
600
87.40
New Mexico
38
5,454,960.28
0.67
359
38.69
8.709
601
81.68
Louisiana
38
4,096,782.04
0.50
359
39.42
9.030
596
85.88
Tennessee
38
3,899,413.45
0.48
359
39.40
8.998
581
87.44
Oklahoma
36
3,860,157.40
0.47
359
37.20
9.173
600
87.88
North Carolina
31
3,813,050.91
0.47
359
36.57
9.038
588
81.82
Kansas
27
3,126,168.38
0.38
359
43.12
9.147
574
84.95
Rhode Island
11
2,451,535.06
0.30
359
42.47
8.632
609
82.01
Georgia
15
2,416,090.03
0.30
359
39.97
8.599
585
82.99
Maine
15
2,396,382.63
0.29
358
39.84
8.119
608
81.58
Iowa
23
2,391,751.16
0.29
359
35.87
9.039
586
87.25
Nebraska
21
2,267,799.61
0.28
359
40.28
9.100
607
88.81
Kentucky
20
2,197,695.17
0.27
354
44.84
8.552
608
86.84
Oregon
11
2,133,720.67
0.26
359
42.53
8.021
602
79.76
Delaware
11
1,978,294.74
0.24
359
39.94
9.301
560
74.67
South Carolina
16
1,922,478.02
0.24
359
42.60
9.179
565
84.10
Idaho
12
1,790,303.05
0.22
360
37.52
8.668
615
83.19
Alabama
12
1,339,206.10
0.16
359
39.12
9.254
569
87.20
Mississippi
14
1,314,357.68
0.16
359
35.40
8.815
618
86.03
New Hampshire
5
1,276,754.50
0.16
359
32.07
8.549
642
85.88
Alaska
6
1,225,074.62
0.15
359
36.95
8.484
590
89.20
Arkansas
7
1,005,295.71
0.12
360
36.90
8.887
614
82.55
Wyoming
7
779,636.74
0.10
359
39.32
8.185
630
80.22
Montana
1
165,750.00
0.02
360
47.00
8.450
599
85.00
South Dakota
1
130,475.63
0.02
359
25.00
9.450
582
89.38
North Dakota
1
119,610.00
0.01
360
47.00
10.800
567
90.00
Total:
4,348
$815,069,005.26
100.00
358
40.07
8.394
612
82.34

1 Original LTV if first lien, combined LTV if second lien.


Occupancy Status
 
OCCUPANCY STATUS*
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME (%)
GROSS COUPON (%)
FICO
OLTV1
(%)
3,597
$696,063,389.14
85.40
358
41.31
8.270
607
81.58
Investor
694
107,155,842.45
13.15
358
32.29
9.186
644
86.90
Second Home
57
11,849,773.67
1.45
356
38.12
8.527
649
85.75
Total:
4,348
$815,069,005.26
100.00
358
40.07
8.394
612
82.34

1 Original LTV if first lien, combined LTV if second lien.

*Based on mortgagor representation at origination.

Documentation Type
 
INCOME DOCUMENTATION
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME (%)
GROSS COUPON (%)
FICO
OLTV1
(%)
2,722
$483,476,024.61
59.32
358
39.92
8.180
597
82.12
Stated Documentation
1,363
276,393,907.24
33.91
359
40.68
8.800
640
82.69
Limited Documentation
263
55,199,073.41
6.77
356
38.41
8.236
611
82.58
Total:
4,348
$815,069,005.26
100.00
358
40.07
8.394
612
82.34

1 Original LTV if first lien, combined LTV if second lien.


Loan Purpose
 
PURPOSE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME (%)
GROSS COUPON (%)
FICO
OLTV1
(%)
1,724
$289,947,784.61
35.57
359
39.81
8.578
639
84.92
Refinance-Debt Consolidation Cash Out*
2,370
486,483,364.13
59.69
358
40.29
8.287
598
80.82
Refinance-Debt Consolidation No Cash Out**
254
38,637,856.52
4.74
356
39.34
8.370
597
82.11
Total:
4,348
$815,069,005.26
100.00
358
40.07
8.394
612
82.34

1 Original LTV if first lien, combined LTV if second lien.

* Cash proceeds to the borrower inclusive of debt consolidation payments exceed 2% or $2,000 of the original principal balance of the related loan. Also includes all home equity loans originated in Texas with any cash proceeds.

** Cash proceeds to the borrower inclusive of debt consolidation payments do not exceed 2% or $2,000 of the original principal balance of the related loan. Excludes home equity loans originated in Texas with any cash proceeds.


Credit Grade
 
RISK CATEGORY*
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
3,252
$600,083,102.45
73.62
358
40.05
8.260
625
83.08
II
760
150,585,408.89
18.48
358
39.78
8.604
585
82.32
III
184
34,246,745.30
4.20
358
38.68
9.113
563
79.33
IV
133
26,894,172.64
3.30
359
43.63
9.065
556
71.46
V
19
3,259,575.98
0.40
359
42.54
10.223
547
68.15
Total:
4,348
$815,069,005.26
100.00
358
40.07
8.394
612
82.34

1 Original LTV if first lien, combined LTV if second lien.


Property Type
 
PROPERTY TYPE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
3,312
$593,266,449.65
72.79
358
40.15
8.396
607
82.33
PUD Detached
391
85,778,241.61
10.52
359
40.77
8.365
617
82.50
Two-to Four-Family
369
85,194,488.15
10.45
359
39.50
8.318
628
81.53
Condominium
252
45,364,404.12
5.57
359
38.97
8.543
635
83.56
PUD Attached
18
4,007,011.96
0.49
359
39.18
8.377
625
84.71
Single Family Attached
6
1,458,409.77
0.18
359
39.55
9.128
626
81.09
Total:
4,348
$815,069,005.26
100.00
358
40.07
8.394
612
82.34

1 Original LTV if first lien, combined LTV if second lien.


Prepayment Charge Term
 
PREPAYMENT CHARGE
TERM AT ORIGINATION
(MONTHS)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
1,505
$304,472,787.57
37.36
358
39.60
8.569
613
82.43
12
159
38,079,751.79
4.67
359
40.67
8.518
621
81.97
24
1,956
357,115,569.46
43.81
359
40.54
8.302
612
82.54
36
728
115,400,896.44
14.16
356
39.69
8.177
608
81.61
Total:
4,348
$815,069,005.26
100.00
358
40.07
8.394
612
82.34

1 Original LTV if first lien, combined LTV if second lien.


Conforming Balances
 
CONFORMING BALANCE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
4,348
$815,069,005.26
100.00
358
40.07
8.394
612
82.34
Total:
4,348
$815,069,005.26
100.00
358
40.07
8.394
612
82.34

1 Original LTV if first lien, combined LTV if second lien.


Maximum Mortgage Rates of the Adjustable-Rate Loans
 
RANGE OF MAXIMUM
MORTGAGE RATES (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
33
$9,042,519.48
1.28
355
38.41
6.307
659
75.93
12.500 - 12.999
234
59,535,489.84
8.41
359
40.47
6.811
635
77.43
13.000 - 13.499
371
85,650,167.67
12.10
359
41.51
7.246
628
79.24
13.500 - 13.999
601
129,686,023.98
18.32
359
40.99
7.761
622
80.02
14.000 - 14.499
519
102,647,172.49
14.50
358
41.05
8.236
611
82.05
14.500 - 14.999
649
122,794,046.50
17.34
359
39.48
8.738
606
84.03
15.000 - 15.499
432
73,394,746.34
10.37
359
38.76
9.230
603
86.03
15.500 - 15.999
419
69,715,414.34
9.85
359
39.02
9.726
597
86.95
16.000 - 16.499
173
26,096,907.11
3.69
359
38.90
10.200
596
88.37
16.500 - 16.999
121
16,785,566.99
2.37
359
38.40
10.715
600
88.15
17.000 - 17.499
52
7,568,286.60
1.07
359
40.49
11.199
590
87.79
17.500 - 17.999
21
3,724,610.63
0.53
359
36.88
11.696
571
80.12
18.000 - 18.499
9
1,199,118.78
0.17
359
23.39
12.250
580
90.38
18.500 - 18.999
1
242,938.51
0.03
359
55.00
12.550
531
48.60
Total:
3,635
$708,083,009.26
100.00
359
40.11
8.411
613
82.54

1 Original LTV if first lien, combined LTV if second lien.


 
 
 
 


Minimum Mortgage Rates of the Adjustable-Rate Loans
 
RANGE OF MINIMUM
MORTGAGE RATES (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
33
$9,042,519.48
1.28
355
38.41
6.307
659
75.93
6.500 - 6.999
234
59,535,489.84
8.41
359
40.47
6.811
635
77.43
7.000 - 7.499
371
85,650,167.67
12.10
359
41.51
7.246
628
79.24
7.500 - 7.999
601
129,686,023.98
18.32
359
40.99
7.761
622
80.02
8.000 - 8.499
519
102,647,172.49
14.50
358
41.05
8.236
611
82.05
8.500 - 8.999
649
122,794,046.50
17.34
359
39.48
8.738
606
84.03
9.000 - 9.499
432
73,394,746.34
10.37
359
38.76
9.230
603
86.03
9.500 - 9.999
419
69,715,414.34
9.85
359
39.02
9.726
597
86.95
10.000 - 10.499
173
26,096,907.11
3.69
359
38.90
10.200
596
88.37
10.500 - 10.999
121
16,785,566.99
2.37
359
38.40
10.715
600
88.15
11.000 - 11.499
52
7,568,286.60
1.07
359
40.49
11.199
590
87.79
11.500 - 11.999
21
3,724,610.63
0.53
359
36.88
11.696
571
80.12
12.000 - 12.499
9
1,199,118.78
0.17
359
23.39
12.250
580
90.38
12.500 - 12.999
1
242,938.51
0.03
359
55.00
12.550
531
48.60
Total:
3,635
$708,083,009.26
100.00
359
40.11
8.411
613
82.54

1 Original LTV if first lien, combined LTV if second lien.


Gross Margins of the Adjustable-Rate Loans
 
RANGE OF GROSS
MARGINS (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
3
$757,932.04
0.11
355
44.69
7.574
574
91.17
4.000 - 4.249
1
377,388.67
0.05
358
44.00
7.990
622
90.00
6.000 - 6.249
3,624
705,783,889.25
99.68
359
40.10
8.411
613
82.52
7.000 - 7.249
7
1,163,799.30
0.16
360
42.77
8.847
596
85.96
Total:
3,635
$708,083,009.26
100.00
359
40.11
8.411
613
82.54

1 Original LTV if first lien, combined LTV if second lien.


Next Rate Adjustment Date of the Adjustable-Rate Loans
 
NEXT RATE ADJUSTMENT
DATE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
2
$211,060.06
0.03
353
40.28
8.403
570
94.48
September 1, 2007
19
3,341,142.86
0.47
354
34.24
7.912
614
85.43
October 1, 2007
38
5,846,263.23
0.83
355
39.13
7.653
606
87.55
November 1, 2007
39
5,478,173.78
0.77
356
39.15
8.174
580
86.13
December 1, 2007
47
6,968,704.32
0.98
357
36.74
8.375
584
86.49
January 1, 2008
163
32,606,216.66
4.60
358
40.50
8.231
612
83.06
February 1, 2008
1,209
243,209,358.46
34.35
359
40.49
8.534
615
82.37
March 1, 2008
1,067
202,293,197.00
28.57
360
40.10
8.439
617
82.57
September 1, 2008
10
1,023,301.17
0.14
354
44.27
8.194
611
93.34
October 1, 2008
20
3,145,895.72
0.44
355
38.50
8.011
571
89.46
November 1, 2008
14
2,634,253.06
0.37
356
34.65
7.718
599
89.45
December 1, 2008
20
3,272,521.67
0.46
357
37.73
8.139
603
85.49
January 1, 2009
79
13,868,342.88
1.96
358
41.20
8.085
598
81.70
February 1, 2009
465
93,874,139.39
13.26
359
39.74
8.310
611
81.71
March 1, 2009
443
90,310,439.00
12.75
360
40.02
8.365
611
82.09
Total:
3,635
$708,083,009.26
100.00
359
40.11
8.411
613
82.54

1 Original LTV if first lien, combined LTV if second lien.


 
 
 
 


Initial Periodic Rate Cap of the Adjustable-Rate Loans
 
INITIAL PERIODIC
CAP (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
3,635
$708,083,009.26
100.00
359
40.11
8.411
613
82.54
Total:
3,635
$708,083,009.26
100.00
359
40.11
8.411
613
82.54

1 Original LTV if first lien, combined LTV if second lien.


Periodic Rate Cap of the Adjustable-Rate Loans
 
PERIODIC
CAP (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
3,635
$708,083,009.26
100.00
359
40.11
8.411
613
82.54
Total:
3,635
$708,083,009.26
100.00
359
40.11
8.411
613
82.54

1 Original LTV if first lien, combined LTV if second lien.


Historical Delinquency of the Mortgage Loans Since Origination
 
STATUS
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
4,292
$806,394,378.95
98.94
358
40.10
8.396
612
82.31
1 x 30
56
$8,674,626.31
1.06
356
37.73
8.211
583
85.45
Total:
4,348
$815,069,005.26
100.00
358
40.07
8.394
612
82.34



 
 
 
 
DESCRIPTION OF THE GROUP I COLLATERAL



DESCRIPTION OF THE GROUP II COLLATERAL

Collateral Summary
 
Statistics given below are for the Mortgage Loans in the pool as of the Cut-off Date. Balances and percentages are based on the Cut-off Date scheduled balances of such Mortgage Loans (except in the case of Debt-to-Income and FICO, which are determined at origination).
 
Summary Statistics
Range (if applicable)
     
Number of Mortgage Loans
2,710
  
     
Aggregate Current Principal Balance
$667,180,646.93
  
Average Current Principal Balance
$246,192.12
$21,884.97 to $959,258.51
     
Aggregate Original Principal Balance
$667,448,988.00
  
Average Original Principal Balance
$246,291.14
$22,000.00 to $960,000.00
     
Fully Amortizing Mortgage Loans
100.00%
  
     
1st Lien
97.85%
  
     
Weighted Avg. Gross Coupon
8.271%
6.150% to 12.575%
     
Weighted Avg. Original Term (months)
360
180 to 360
Weighted Avg. Remaining Term (months)
359
179 to 360
     
Weighted Avg. Margin(ARM Loans Only)
5.988%
4.000% to 6.750%
     
Weighted Avg. Maximum Rate (ARM Loans Only)
14.215%
12.150% to 18.575%
     
Weighted Avg. Minimum Rate (ARM Loans Only)
8.215%
6.000% to 12.575%
     
Weighted Avg. Original LTV (1)
82.44%
23.36 % to 100.00%
     
Weighted Avg. Borrower FICO
625
500 to 811
     
Geographic Distribution (Top 5)
CA
45.05%
  
 
FL
14.51%
  
 
AZ
5.97%
  
 
NY
3.74%
  
 
IL
3.51%
  

(1) The loan-to-value (“OLTV”) of a first-lien mortgage at any given time is a fraction, expressed as a percentage, the numerator of which is the principal balance of the mortgage loan at the date of origination and the denominator of which is the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan. The OLTV of a second lien mortgage loan at any given time is a fraction, expressed as a percentage the numerator of which is (i) the sum of (a) the principal balance of such mortgage loan at the date of origination plus (b) the outstanding balance of the senior mortgage loan at the date of origination of such mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan.

 
 
 
 


Collateral Type
 
COLLATERAL TYPE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE
AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME (%)
GROSS COUPON (%)
FICO
OLTV1
(%)
2YR/6MO LIB
992
$234,956,759.25
35.22
359
41.09
8.581
603
82.52
2YR/6MO LIB - 2YR IO
1
542,000.00
0.08
354
50.00
7.850
677
93.29
2YR/6MO LIB - 40YR
307
112,122,300.38
16.81
359
42.20
8.098
622
83.55
2YR/6MO LIB - 5YR IO
442
149,847,503.75
22.46
359
40.64
7.753
667
80.61
3YR/6MO LIB
358
74,497,423.06
11.17
359
40.36
8.387
603
83.17
3YR/6MO LIB - 40YR
77
24,188,788.22
3.63
359
42.12
8.146
621
83.90
3YR/6MO LIB - 5YR IO
76
22,175,456.00
3.32
359
39.26
7.555
663
77.84
FIXED RATE
434
43,410,089.66
6.51
355
39.16
9.107
626
86.40
FIXED RATE - 40YR
16
3,931,952.53
0.59
359
41.29
8.109
621
75.46
FIXED RATE - 5YR IO
7
1,508,374.08
0.23
346
41.19
7.662
640
78.14
Total:
2,710
$667,180,646.93
100.00
359
40.95
8.271
625
82.44

1 Original LTV if first lien, combined LTV if second lien.


Principal Balances at Origination
 
RANGE OF
PRINCIPAL BALANCES
AT ORIGINATION ($)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF
ORIGINATION ($)
% OF PRINCIPAL
BALANCE
AS OF
ORIGINATION
REMAINING
TERM TO
MATURITY
(months)*
DEBT-TO-INCOME (%)*
GROSS COUPON (%)*
FICO*
OLTV1
(%)
25,000.00 or less
11
$255,624.00
0.04
356
41.22
10.757
648
100.00
25,000.01 - 50,000.00
90
3,393,558.00
0.51
356
39.39
11.208
659
100.00
50,000.01 - 100,000.00
478
36,137,345.00
5.41
355
37.88
9.248
613
86.38
100,000.01 - 150,000.00
417
52,307,004.00
7.84
358
37.38
8.820
608
81.80
150,000.01 - 200,000.00
405
70,745,449.00
10.60
359
39.39
8.439
623
80.71
200,000.01 - 250,000.00
317
71,539,084.00
10.72
359
40.40
8.342
626
81.89
250,000.01 - 300,000.00
255
69,814,429.00
10.46
358
41.59
8.211
635
82.19
300,000.01 - 350,000.00
85
27,342,031.00
4.10
359
42.06
8.095
630
81.62
350,000.01 - 400,000.00
56
21,019,228.00
3.15
360
40.57
8.085
628
82.15
400,000.01 - 450,000.00
152
65,630,162.00
9.83
359
42.65
8.154
630
82.11
450,000.01 - 500,000.00
158
75,207,359.00
11.27
359
41.53
7.989
630
82.69
500,000.01 - 550,000.00
89
46,571,073.00
6.98
359
42.94
8.005
620
83.62
550,000.01 - 600,000.00
71
40,838,228.00
6.12
359
43.54
7.922
620
83.32
600,000.01 - 650,000.00
64
40,310,997.00
6.04
359
42.35
8.139
618
82.81
650,000.01 - 700,000.00
21
14,151,672.00
2.12
360
42.02
8.205
641
81.21
700,000.01 - 750,000.00
18
13,171,950.00
1.97
359
39.46
7.882
610
79.17
750,000.01 or greater
23
19,013,795.00
2.85
360
40.02
7.651
635
82.11
Total:
2,710
$667,448,988.00
100.00
359
40.95
8.271
625
82.44

1 Original LTV if first lien, combined LTV if second lien.

*Based on the original balances of the Mortgage Loans.


 
 
 
 


Principal Balance as of the Cut-Off Date
 
RANGE OF PRINCIPAL BALANCES AS OF THE
CUT-OFF DATE ($)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE
AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
25,000.00 or less
11
$255,139.80
0.04
356
41.22
10.758
648
100.00
25,000.01 - 50,000.00
90
3,384,302.80
0.51
356
39.38
11.207
659
100.00
50,000.01 - 100,000.00
478
36,100,891.77
5.41
355
37.88
9.248
613
86.38
100,000.01 - 150,000.00
417
52,279,595.51
7.84
358
37.38
8.820
608
81.80
150,000.01 - 200,000.00
405
70,722,111.36
10.60
359
39.39
8.439
623
80.70
200,000.01 - 250,000.00
317
71,514,794.43
10.72
359
40.40
8.342
626
81.89
250,000.01 - 300,000.00
255
69,792,314.97
10.46
358
41.59
8.211
635
82.19
300,000.01 - 350,000.00
85
27,334,080.78
4.10
359
42.06
8.095
630
81.62
350,000.01 - 400,000.00
56
21,015,034.44
3.15
360
40.57
8.085
628
82.15
400,000.01 - 450,000.00
152
65,612,802.72
9.83
359
42.65
8.154
630
82.11
450,000.01 - 500,000.00
158
75,175,296.79
11.27
359
41.53
7.989
630
82.69
500,000.01 - 550,000.00
89
46,546,797.41
6.98
359
42.94
8.005
620
83.62
550,000.01 - 600,000.00
71
40,820,247.56
6.12
359
43.53
7.922
620
83.32
600,000.01 - 650,000.00
64
40,297,361.29
6.04
359
42.35
8.139
618
82.81
650,000.01 - 700,000.00
21
14,150,420.12
2.12
360
42.02
8.205
641
81.21
700,000.01 - 750,000.00
18
13,168,989.09
1.97
359
39.46
7.882
610
79.17
750,000.01 or greater
23
19,010,466.09
2.85
360
40.02
7.651
635
82.11
Total:
2,710
$667,180,646.93
100.00
359
40.95
8.271
625
82.44

1 Original LTV if first lien, combined LTV if second lien.


Remaining Term to Maturity
 
RANGE OF MONTHS REMAINING
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE
AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
121 - 180
6
$509,375.79
0.08
179
32.74
7.667
600
63.70
181 - 240
10
1,401,352.27
0.21
239
38.41
8.088
665
75.12
301 - 360
2,694
665,269,918.87
99.71
359
40.97
8.272
625
82.47
Total:
2,710
$667,180,646.93
100.00
359
40.95
8.271
625
82.44

1 Original LTV if first lien, combined LTV if second lien.


Mortgage Rate
 
RANGE OF CURRENT
MORTGAGE RATES (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
6.000 - 6.499
19
$5,804,776.95
0.87
358
39.80
6.320
626
71.67
6.500 - 6.999
168
56,179,021.31
8.42
358
42.09
6.816
639
78.13
7.000 - 7.499
326
102,276,574.41
15.33
359
40.03
7.250
637
79.43
7.500 - 7.999
539
166,391,411.61
24.94
359
41.31
7.750
633
81.02
8.000 - 8.499
380
94,428,743.16
14.15
358
42.09
8.247
626
81.72
8.500 - 8.999
416
99,002,965.90
14.84
359
40.57
8.746
619
84.30
9.000 - 9.499
232
48,984,210.43
7.34
359
40.26
9.228
600
85.01
9.500 - 9.999
222
42,355,041.65
6.35
359
40.97
9.702
603
87.81
10.000 - 10.499
118
19,532,611.47
2.93
358
37.23
10.210
607
88.75
10.500 - 10.999
115
15,742,963.71
2.36
359
41.76
10.751
604
87.92
11.000 - 11.499
78
7,311,177.69
1.10
358
39.73
11.201
611
90.49
11.500 - 11.999
45
5,179,592.91
0.78
358
42.12
11.698
623
94.81
12.000 - 12.499
47
3,407,873.24
0.51
357
40.78
12.167
614
95.93
12.500 - 12.999
5
583,682.49
0.09
359
49.13
12.552
572
84.17
Total:
2,710
$667,180,646.93
100.00
359
40.95
8.271
625
82.44

1 Original LTV if first lien, combined LTV if second lien.


 
 
 
 


Original Loan-to-Value Ratios(1)
 
RANGE OF ORIGINAL
LOAN-TO-VALUE
RATIOS (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV2
(%)
25.00 or less
1
$160,000.00
0.02
360
34.00
9.400
553
23.36
25.01 - 30.00
3
639,761.39
0.10
342
37.12
9.406
609
26.15
30.01 - 35.00
6
962,219.81
0.14
359
38.29
7.874
570
32.75
35.01 - 40.00
11
1,288,355.41
0.19
359
32.77
7.674
611
38.37
40.01 - 45.00
7
1,037,455.10
0.16
359
38.20
8.109
584
42.12
45.01 - 50.00
20
4,029,121.58
0.60
360
40.70
7.815
578
47.88
50.01 - 55.00
23
3,476,073.74
0.52
356
40.85
7.841
588
53.42
55.01 - 60.00
26
5,374,346.48
0.81
355
42.78
8.084
587
58.46
60.01 - 65.00
67
14,934,504.72
2.24
358
43.52
8.131
583
62.96
65.01 - 70.00
107
22,422,680.92
3.36
358
41.44
7.921
590
69.34
70.01 - 75.00
129
33,418,056.34
5.01
358
42.31
8.214
589
73.37
75.01 - 80.00
999
305,885,534.53
45.85
359
41.36
7.827
646
79.89
80.01 - 85.00
134
43,177,263.28
6.47
359
41.00
8.220
590
84.47
85.01 - 90.00
738
160,275,870.14
24.02
359
39.83
8.669
607
89.73
90.01 - 95.00
176
50,781,873.91
7.61
359
40.57
9.096
630
94.88
95.01 - 100.00
263
19,317,529.58
2.90
357
40.32
10.799
661
99.98
Total:
2,710
$667,180,646.93
100.00
359
40.95
8.271
625
82.44

1 The loan-to-value(“OLTV”) of a first-lien mortgage at any given time is a fraction, expressed as a percentage, the numerator of which is the principal balance of the mortgage loan at the date of origination and the denominator of which is the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan. The OLTV of a second lien mortgage loan at any given time is a fraction, expressed as a percentage the numerator of which is (i) the sum of (a) the principal balance of such mortgage loan at the date of origination plus (b) the outstanding balance of the senior mortgage loan at the date of origination of such mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan.

2 Original LTV if first lien, combined LTV if second lien.


FICO Score at Origination
 
RANGE OF FICO SCORES
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME (%)
GROSS COUPON (%)
FICO
OLTV1
(%)
500 - 519
97
$22,001,620.79
3.30
359
42.90
9.067
509
78.24
520 - 539
129
27,418,123.11
4.11
358
42.15
8.818
530
78.71
540 - 559
197
43,630,607.61
6.54
358
40.58
8.700
551
81.03
560 - 579
209
51,979,265.24
7.79
359
40.66
8.510
569
83.20
580 - 599
249
65,048,881.80
9.75
359
41.74
8.153
589
82.87
600 - 619
341
78,208,641.86
11.72
359
40.92
8.285
609
83.24
620 - 639
492
127,710,159.23
19.14
359
41.36
8.140
629
82.28
640 - 659
325
81,297,671.79
12.19
359
40.72
8.197
650
82.82
660 - 679
227
56,662,570.09
8.49
359
39.26
8.145
668
83.15
680 - 699
216
54,408,282.12
8.15
359
40.93
7.958
689
83.07
700 - 719
88
23,634,915.77
3.54
358
41.89
7.999
710
82.63
720 - 739
53
15,188,048.64
2.28
357
39.10
8.046
729
83.88
740 - 759
43
11,419,606.48
1.71
359
39.72
8.283
748
83.17
760 - 779
28
5,757,895.59
0.86
359
42.52
8.280
769
83.70
780 - 799
11
2,017,001.21
0.30
360
37.18
8.069
785
82.74
800 or greater
5
797,355.60
0.12
359
29.87
8.161
809
80.91
Total:
2,710
$667,180,646.93
100.00
359
40.95
8.271
625
82.44

1 Original LTV if first lien, combined LTV if second lien.


 
 
 
 


Debt-to-Income Ratio
 
RANGE OF DEBT-TO-INCOME RATIOS (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
20.00 or less
125
$27,798,113.11
4.17
359
14.17
8.315
629
84.69
20.01 - 25.00
117
23,566,543.39
3.53
357
23.29
8.233
622
80.86
25.01 - 30.00
199
35,585,653.12
5.33
359
28.53
8.492
636
82.26
30.01 - 35.00
270
55,152,068.62
8.27
359
33.13
8.287
617
82.01
35.01 - 40.00
430
99,914,725.76
14.98
359
38.39
8.279
628
82.61
40.01 - 45.00
670
170,436,541.32
25.55
359
43.26
8.231
631
82.95
45.01 - 50.00
827
238,050,146.80
35.68
359
48.07
8.244
623
83.01
50.01 - 55.00
72
16,676,854.81
2.50
359
53.17
8.465
568
68.43
Total:
2,710
$667,180,646.93
100.00
359
40.95
8.271
625
82.44

1 Original LTV if first lien, combined LTV if second lien.


Geographic Distribution
 
STATE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
752
$300,590,822.50
45.05
359
42.19
7.987
632
81.39
Florida
524
96,840,280.88
14.51
358
39.67
8.477
632
83.03
Arizona
197
39,809,061.78
5.97
357
39.43
8.407
638
81.32
New York
73
24,935,920.63
3.74
359
42.29
8.072
628
82.00
Illinois
98
23,406,303.60
3.51
359
40.62
8.568
622
83.29
Maryland
79
19,854,199.66
2.98
358
41.86
7.785
588
78.92
Ohio
182
18,584,797.93
2.79
356
37.80
8.640
600
86.98
New Jersey
58
17,577,606.32
2.63
358
44.36
8.193
600
81.46
Nevada
64
17,222,051.87
2.58
359
40.60
8.510
624
82.17
Texas
96
13,906,494.64
2.08
358
37.69
9.130
604
85.48
Utah
55
10,206,654.37
1.53
359
41.69
8.384
636
83.26
Michigan
71
9,140,646.90
1.37
358
40.83
9.203
584
86.67
Missouri
62
8,266,216.73
1.24
359
37.08
9.249
604
86.69
Hawaii
21
7,070,296.86
1.06
359
38.82
8.155
639
84.18
Washington
29
6,454,801.77
0.97
359
35.16
8.361
629
83.17
Pennsylvania
39
5,349,920.29
0.80
359
41.88
8.788
591
84.59
Massachusetts
20
5,072,373.73
0.76
359
39.81
8.257
607
83.99
Minnesota
15
4,406,912.92
0.66
359
38.21
8.067
625
82.16
Colorado
18
4,051,174.73
0.61
359
41.69
8.272
620
83.82
Wisconsin
31
4,050,824.84
0.61
359
39.02
9.135
617
87.50
Indiana
36
3,456,638.79
0.52
359
36.14
8.826
613
89.85
New Mexico
15
2,892,917.79
0.43
359
38.61
9.667
606
90.51
Oregon
8
2,404,652.66
0.36
360
33.55
8.357
642
83.81
Connecticut
11
2,161,770.56
0.32
359
42.08
9.610
572
82.99
Louisiana
19
1,898,479.12
0.28
359
39.19
9.113
609
83.93
Tennessee
12
1,841,178.50
0.28
355
37.31
9.732
579
92.59
Oklahoma
17
1,803,787.15
0.27
354
35.77
8.791
597
87.11
North Carolina
16
1,708,289.59
0.26
359
36.96
8.945
590
87.99
Idaho
10
1,544,543.63
0.23
360
40.05
8.564
610
86.39
Rhode Island
7
1,462,115.22
0.22
359
39.63
9.434
602
85.68
Kentucky
10
1,212,883.61
0.18
359
42.26
8.915
568
86.63
Nebraska
9
1,143,896.10
0.17
359
35.12
9.084
589
86.35
Maine
8
1,129,186.10
0.17
359
41.57
8.615
591
83.46
Alabama
6
1,032,227.82
0.15
359
40.75
8.889
577
86.00
Iowa
7
668,148.52
0.10
359
30.82
8.568
575
82.09
Kansas
7
645,006.90
0.10
359
41.06
8.616
571
84.76
Mississippi
6
642,888.47
0.10
359
41.06
9.869
549
82.86
South Carolina
5
579,092.06
0.09
359
37.98
9.281
570
80.79
New Hampshire
2
570,692.91
0.09
360
39.79
9.373
564
79.09
Alaska
3
344,429.69
0.05
359
31.81
9.201
577
79.59
Wyoming
2
335,100.00
0.05
360
46.21
7.668
630
85.34
Georgia
2
246,720.00
0.04
360
32.64
8.993
601
85.26
Arkansas
3
244,959.71
0.04
360
43.45
9.296
524
79.86
Delaware
3
216,510.38
0.03
359
42.36
8.106
587
72.23
South Dakota
2
197,168.70
0.03
359
41.91
8.036
616
83.19
Total:
2,710
$667,180,646.93
100.00
359
40.95
8.271
625
82.44

1 Original LTV if first lien, combined LTV if second lien.

 
 
 
 


Occupancy Status
 
OCCUPANCY STATUS*
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME (%)
GROSS COUPON (%)
FICO
OLTV1
(%)
2,448
$627,436,077.00
94.04
359
41.37
8.225
623
82.16
Investor
244
36,084,576.92
5.41
359
34.09
9.034
645
87.32
Second Home
18
3,659,993.01
0.55
360
37.81
8.686
655
82.99
Total:
2,710
$667,180,646.93
100.00
359
40.95
8.271
625
82.44

1 Original LTV if first lien, combined LTV if second lien.

*Based on mortgagor representation at origination.


Documentation Type
 
INCOME DOCUMENTATION
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME (%)
GROSS COUPON (%)
FICO
OLTV1
(%)
1,402
$322,635,824.34
48.36
359
40.21
7.974
608
81.80
Stated Documentation
1,061
280,390,722.33
42.03
359
42.39
8.618
646
83.13
Limited Documentation
247
64,154,100.26
9.62
359
38.39
8.248
618
82.65
Total:
2,710
$667,180,646.93
100.00
359
40.95
8.271
625
82.44

1 Original LTV if first lien, combined LTV if second lien.


Loan Purpose
 
PURPOSE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME (%)
GROSS COUPON (%)
FICO
OLTV1
(%)
1,728
$405,630,023.25
60.80
359
41.00
8.308
644
83.88
Refinance-Debt Consolidation Cash Out*
926
249,827,749.62
37.45
358
40.87
8.215
593
80.12
Refinance-Debt Consolidation No Cash Out**
56
11,722,874.06
1.76
358
41.08
8.187
613
82.17
Total:
2,710
$667,180,646.93
100.00
359
40.95
8.271
625
82.44

1 Original LTV if first lien, combined LTV if second lien.

* Cash proceeds to the borrower inclusive of debt consolidation payments exceed 2% or $2,000 of the original principal balance of the related loan. Also includes all home equity loans originated in Texas with any cash proceeds.

** Cash proceeds to the borrower inclusive of debt consolidation payments do not exceed 2% or $2,000 of the original principal balance of the related loan. Excludes home equity loans originated in Texas with any cash proceeds.



Credit Grade
 
RISK CATEGORY*
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
2,240
$546,436,752.59
81.90
359
40.85
8.190
636
83.12
II
306
80,791,861.22
12.11
358
41.10
8.379
584
82.96
III
68
18,214,225.51
2.73
359
40.38
8.776
563
77.97
IV
73
17,190,407.92
2.58
359
42.62
9.090
559
68.20
V
23
4,547,399.69
0.68
354
46.48
11.006
547
63.11
Total:
2,710
$667,180,646.93
100.00
359
40.95
8.271
625
82.44

1 Original LTV if first lien, combined LTV if second lien.

Property Type
 
PROPERTY TYPE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
1,927
$480,371,632.37
72.00
359
40.92
8.231
622
82.04
PUD Detached
343
94,109,927.12
14.11
358
41.56
8.384
624
83.52
Two-to Four-Family
153
36,657,251.91
5.49
359
41.74
8.261
634
82.57
Condominium
274
53,327,954.16
7.99
358
39.59
8.463
644
84.02
PUD Attached
11
2,401,081.37
0.36
360
42.43
7.819
629
83.12
Single Family Attached
2
312,800.00
0.05
359
45.78
7.367
655
80.00
Total:
2,710
$667,180,646.93
100.00
359
40.95
8.271
625
82.44

1 Original LTV if first lien, combined LTV if second lien.


Prepayment Charge Term
 
PREPAYMENT CHARGE
TERM AT ORIGINATION
(MONTHS)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
924
$199,734,127.61
29.94
359
41.25
8.757
628
83.82
12
132
47,080,088.64
7.06
359
40.96
8.375
631
81.93
24
1,331
358,346,324.70
53.71
359
41.16
8.037
623
81.98
36
323
62,020,105.98
9.30
358
38.83
7.979
618
81.06
Total:
2,710
$667,180,646.93
100.00
359
40.95
8.271
625
82.44

1 Original LTV if first lien, combined LTV if second lien.


Conforming Balances
 
CONFORMING BALANCE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
2,106
$361,315,632.00
54.16
358
39.98
8.449
624
82.13
Non-conforming
604
305,865,014.93
45.84
359
42.11
8.060
626
82.81
Total:
2,710
$667,180,646.93
100.00
359
40.95
8.271
625
82.44

1 Original LTV if first lien, combined LTV if second lien.


Maximum Mortgage Rates of the Adjustable-Rate Loans
 
RANGE OF MAXIMUM
MORTGAGE RATES (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
18
$5,650,668.72
0.91
358
39.96
6.322
626
71.85
12.500 - 12.999
158
53,998,636.64
8.73
359
42.13
6.812
640
78.46
13.000 - 13.499
287
93,391,652.56
15.10
359
40.21
7.254
637
79.75
13.500 - 13.999
493
157,927,889.84
25.54
359
41.45
7.752
634
81.14
14.000 - 14.499
331
88,825,486.63
14.37
359
42.27
8.246
628
81.83
14.500 - 14.999
386
95,822,990.80
15.50
359
40.61
8.749
620
84.42
15.000 - 15.499
208
46,624,317.96
7.54
359
40.36
9.226
599
84.82
15.500 - 15.999
191
39,650,353.60
6.41
359
40.97
9.702
601
87.50
16.000 - 16.499
81
16,326,126.16
2.64
358
37.44
10.204
601
88.15
16.500 - 16.999
60
11,959,970.24
1.93
359
42.25
10.751
587
84.84
17.000 - 17.499
24
4,422,358.56
0.72
360
38.40
11.118
581
84.43
17.500 - 17.999
13
2,732,043.90
0.44
359
42.36
11.654
595
90.16
18.000 - 18.499
2
689,812.56
0.11
359
38.63
12.236
548
79.89
18.500 - 18.999
1
307,922.49
0.05
359
54.00
12.575
502
70.00
Total:
2,253
$618,330,230.66
100.00
359
41.08
8.215
625
82.22

1 Original LTV if first lien, combined LTV if second lien.


Minimum Mortgage Rates of the Adjustable-Rate Loans
 
RANGE OF MINIMUM
MORTGAGE RATES (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
19
$6,300,309.96
1.02
358
40.69
6.593
616
71.69
6.500 - 6.999
158
53,998,636.64
8.73
359
42.13
6.812
640
78.46
7.000 - 7.499
287
93,391,652.56
15.10
359
40.21
7.254
637
79.75
7.500 - 7.999
493
157,927,889.84
25.54
359
41.45
7.752
634
81.14
8.000 - 8.499
331
88,825,486.63
14.37
359
42.27
8.246
628
81.83
8.500 - 8.999
385
95,173,349.56
15.39
359
40.57
8.747
620
84.52
9.000 - 9.499
208
46,624,317.96
7.54
359
40.36
9.226
599
84.82
9.500 - 9.999
191
39,650,353.60
6.41
359
40.97
9.702
601
87.50
10.000 - 10.499
81
16,326,126.16
2.64
358
37.44
10.204
601
88.15
10.500 - 10.999
60
11,959,970.24
1.93
359
42.25
10.751
587
84.84
11.000 - 11.499
24
4,422,358.56
0.72
360
38.40
11.118
581
84.43
11.500 - 11.999
13
2,732,043.90
0.44
359
42.36
11.654
595
90.16
12.000 - 12.499
2
689,812.56
0.11
359
38.63
12.236
548
79.89
12.500 - 12.999
1
307,922.49
0.05
359
54.00
12.575
502
70.00
Total:
2,253
$618,330,230.66
100.00
359
41.08
8.215
625
82.22

1 Original LTV if first lien, combined LTV if second lien.


Gross Margins of the Adjustable-Rate Loans
 
RANGE OF GROSS
MARGINS (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
2
$847,317.32
0.14
356
33.14
7.245
597
85.73
6.000 - 6.249
2,249
616,936,711.48
99.77
359
41.08
8.215
625
82.21
6.250 - 6.499
1
266,400.00
0.04
360
47.00
11.100
557
90.00
6.750 - 6.999
1
279,801.86
0.05
359
45.00
7.737
633
80.00
Total:
2,253
$618,330,230.66
100.00
359
41.08
8.215
625
82.22

1 Original LTV if first lien, combined LTV if second lien.


Next Rate Adjustment Date of the Adjustable-Rate Loans
 
NEXT RATE ADJUSTMENT
DATE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
1
$147,682.26
0.02
353
38.00
7.300
659
90.00
September 1, 2007
6
1,410,912.67
0.23
354
43.38
8.101
636
93.09
October 1, 2007
21
5,766,774.46
0.93
355
40.97
7.673
605
88.01
November 1, 2007
15
4,633,368.25
0.75
356
36.39
8.460
561
83.89
December 1, 2007
23
5,844,441.12
0.95
357
41.08
8.362
605
83.18
January 1, 2008
145
39,901,735.21
6.45
358
41.05
7.884
623
82.12
February 1, 2008
869
240,203,547.41
38.85
359
41.47
8.261
627
81.95
March 1, 2008
662
199,560,102.00
32.27
360
41.05
8.251
628
82.17
September 1, 2008
3
985,720.08
0.16
354
40.80
7.435
558
83.54
October 1, 2008
8
2,273,733.88
0.37
355
39.54
7.508
586
89.64
November 1, 2008
6
1,688,914.57
0.27
356
41.59
7.224
586
86.65
December 1, 2008
10
2,119,946.36
0.34
357
42.67
7.899
594
86.52
January 1, 2009
43
9,823,201.90
1.59
358
42.61
7.644
608
84.70
February 1, 2009
244
54,785,812.49
8.86
359
40.01
8.300
619
81.35
March 1, 2009
197
49,184,338.00
7.95
360
40.56
8.258
622
82.28
Total:
2,253
$618,330,230.66
100.00
359
41.08
8.215
625
82.22

1 Original LTV if first lien, combined LTV if second lien.


 
 
 
 


Initial Periodic Rate Cap of the Adjustable-Rate Loans
 
INITIAL PERIODIC CAP (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
2.000
2,253
$618,330,230.66
100.00
359
41.08
8.215
625
82.22
Total:
2,253
$618,330,230.66
100.00
359
41.08
8.215
625
82.22

1 Original LTV if first lien, combined LTV if second lien.


Periodic Rate Cap of the Adjustable-Rate Loans
 
PERIODIC CAP (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
2,253
$618,330,230.66
100.00
359
41.08
8.215
625
82.22
Total:
2,253
$618,330,230.66
100.00
359
41.08
8.215
625
82.22

1 Original LTV if first lien, combined LTV if second lien.


Historical Delinquency of the Mortgage Loans Since Origination
 
STATUS
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
2,675
$660,756,826.72
99.04
359
40.95
8.271
625
82.39
1 x 30
35
$6,423,820.21
.96
356
41.15
8.269
591
87.89
Total:
2,710
$667,180,646.93
100.00
359
40.95
8.271
625
82.44




 
 
 
 
DESCRIPTION OF THE GROUP II COLLATERAL



DESCRIPTION OF THE GROUP III COLLATERAL


Collateral Summary
 
Statistics given below are for the Mortgage Loans in the pool as of the Cut-off Date. Balances and percentages are based on the Cut-off Date scheduled balances of such Mortgage Loans (except in the case of Debt-to-Income and FICO, which are determined at origination).
 
Summary Statistics
Range (if applicable)
     
Number of Mortgage Loans
966
  
     
Aggregate Current Principal Balance
$293,407,093.35
  
Average Current Principal Balance
$303,734.05
$63,555.00 to $850,000.00
     
Aggregate Original Principal Balance
$293,409,522.00
  
Average Original Principal Balance
$303,736.57
$63,555.00 to $850,000.00
     
Fully Amortizing Mortgage Loans
100.00%
  
     
1st Lien
100.00%
  
     
Weighted Avg. Gross Coupon
7.686%
6.000% to 10.900%
     
Weighted Avg. Original Term (months)
359
180 to 360
Weighted Avg. Remaining Term (months)
359
179 to 360
     
Weighted Avg. Margin(ARM Loans Only)
6.001%
6.000% to 7.125%
     
Weighted Avg. Maximum Rate (ARM Loans Only)
13.685%
12.000% to 16.900%
     
Weighted Avg. Minimum Rate (ARM Loans Only)
7.685%
6.000% to 10.900%
     
Weighted Avg. Original LTV (1)
80.13%
36.67% to 95.00%
     
Weighted Avg. Borrower FICO
662
601 to 804
     
Geographic Distribution (Top 5):
CA
60.59%
  
 
FL
11.41%
  
 
AZ
8.42%
  
 
NY
3.84%
  
 
NV
2.68%
  

(1 The loan-to-value(“OLTV”) of a first-lien mortgage at any given time is a fraction, expressed as a percentage, the numerator of which is the principal balance of the mortgage loan at the date of origination and the denominator of which is the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan. The OLTV of a second lien mortgage loan at any given time is a fraction, expressed as a percentage the numerator of which is (i) the sum of (a) the principal balance of such mortgage loan at the date of origination plus (b) the outstanding balance of the senior mortgage loan at the date of origination of such mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan.


 
 
 
 


Collateral Type
 
COLLATERAL TYPE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE
AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME (%)
GROSS COUPON (%)
FICO
OLTV1
(%)
2
$778,250.00
0.27
354
46.96
7.349
682
87.74
2YR/6MO LIB - 5YR IO
774
240,030,796.45
81.81
359
41.01
7.713
663
80.42
3YR/6MO LIB - 5YR IO
169
47,124,204.82
16.06
359
40.40
7.549
656
78.54
FIXED RATE - 5YR IO
21
5,473,842.08
1.87
355
41.70
7.718
646
79.89
Total:
966
$293,407,093.35
100.00
359
40.94
7.686
662
80.13

1 Original LTV if first lien, combined LTV if second lien.


Principal Balances at Origination*
 
RANGE OF
PRINCIPAL BALANCES
AT ORIGINATION ($)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF
ORIGINATION ($)
% OF PRINCIPAL
BALANCE
AS OF
ORIGINATION
REMAINING
TERM TO
MATURITY
(months)*
DEBT-TO-INCOME (%)*
GROSS COUPON (%)*
FICO*
OLTV1
(%)
10
$813,180.00
0.28
359
35.07
8.012
649
84.06
100,000.01 - 150,000.00
99
13,070,314.00
4.45
356
37.46
7.910
666
77.92
150,000.01 - 200,000.00
162
28,577,276.00
9.74
359
39.57
7.734
661
79.44
200,000.01 - 250,000.00
132
29,780,809.00
10.15
357
38.81
7.744
660
79.66
250,000.01 - 300,000.00
122
33,528,399.00
11.43
358
39.99
7.690
660
79.09
300,000.01 - 350,000.00
124
40,190,129.00
13.70
358
41.66
7.605
654
80.05
350,000.01 - 400,000.00
90
33,893,958.00
11.55
359
42.23
7.715
655
81.41
400,000.01 - 450,000.00
88
37,468,301.00
12.77
359
42.60
7.702
665
80.43
450,000.01 - 500,000.00
59
27,914,572.00
9.51
359
42.31
7.514
663
80.62
500,000.01 - 550,000.00
21
11,007,160.00
3.75
359
42.25
7.722
657
81.37
550,000.01 - 600,000.00
25
14,532,256.00
4.95
359
43.65
7.419
674
81.40
600,000.01 - 650,000.00
19
11,920,296.00
4.06
359
39.43
7.781
682
80.01
650,000.01 - 700,000.00
8
5,340,772.00
1.82
359
40.87
8.074
668
81.87
700,000.01 - 750,000.00
4
2,925,100.00
1.00
359
40.09
7.953
674
82.52
750,000.01 or greater
3
2,447,000.00
0.83
360
32.05
7.446
666
72.71
Total:
966
$293,409,522.00
100.00
359
40.94
7.686
662
80.13

1 Original LTV if first lien, combined LTV if second lien.

*Based on the original balances of the Mortgage Loans.


Principal Balance as of the Cut-Off Date
 
RANGE OF PRINCIPAL BALANCES AS OF THE
CUT-OFF DATE ($)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE
AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
10
$813,180.00
0.28
359
35.07
8.012
649
84.06
100,000.01 - 150,000.00
99
13,069,488.04
4.45
356
37.46
7.910
666
77.92
150,000.01 - 200,000.00
162
28,577,073.67
9.74
359
39.57
7.734
661
79.44
200,000.01 - 250,000.00
132
29,780,787.32
10.15
357
38.81
7.744
660
79.66
250,000.01 - 300,000.00
122
33,528,173.80
11.43
358
39.99
7.690
660
79.09
300,000.01 - 350,000.00
124
40,190,106.99
13.70
358
41.66
7.605
654
80.05
350,000.01 - 400,000.00
90
33,893,936.00
11.55
359
42.23
7.715
655
81.41
400,000.01 - 450,000.00
88
37,467,213.69
12.77
359
42.60
7.702
665
80.43
450,000.01 - 500,000.00
59
27,914,560.84
9.51
359
42.31
7.514
663
80.62
500,000.01 - 550,000.00
21
11,007,160.00
3.75
359
42.25
7.722
657
81.37
550,000.01 - 600,000.00
25
14,532,256.00
4.95
359
43.65
7.419
674
81.40
600,000.01 - 650,000.00
19
11,920,296.00
4.06
359
39.43
7.781
682
80.01
650,000.01 - 700,000.00
8
5,340,761.00
1.82
359
40.87
8.074
668
81.87
700,000.01 - 750,000.00
4
2,925,100.00
1.00
359
40.09
7.953
674
82.52
750,000.01 or greater
3
2,447,000.00
0.83
360
32.05
7.446
666
72.71
Total:
966
$293,407,093.35
100.00
359
40.94
7.686
662
80.13

1 Original LTV if first lien, combined LTV if second lien.


 
 
 
 


Remaining Term to Maturity
 
RANGE OF MONTHS REMAINING
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE
AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
121 - 180
2
$458,874.08
0.16
179
39.24
8.300
654
76.24
181 - 240
4
819,750.00
0.28
239
41.54
7.775
656
82.54
301 - 360
960
292,128,469.27
99.56
359
40.94
7.684
662
80.13
Total:
966
$293,407,093.35
100.00
359
40.94
7.686
662
80.13

1 Original LTV if first lien, combined LTV if second lien.


Mortgage Rate
 
RANGE OF CURRENT
MORTGAGE RATES
(%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
22
$6,397,309.84
2.18
359
39.48
6.317
667
75.06
6.500 - 6.999
156
53,359,294.12
18.19
359
42.06
6.820
662
78.76
7.000 - 7.499
221
66,626,219.00
22.71
359
40.02
7.249
661
79.50
7.500 - 7.999
274
83,500,590.83
28.46
359
40.50
7.749
662
79.93
8.000 - 8.499
148
39,453,209.08
13.45
356
41.51
8.253
663
80.56
8.500 - 8.999
102
31,410,722.00
10.71
359
41.53
8.722
659
82.85
9.000 - 9.499
21
6,453,126.00
2.20
359
42.17
9.269
644
83.95
9.500 - 9.999
16
4,597,375.48
1.57
359
41.57
9.742
678
85.48
10.000 - 10.499
5
1,465,247.00
0.50
359
38.79
10.186
674
88.78
10.500 - 10.999
1
144,000.00
0.05
360
28.00
10.900
624
80.00
Total:
966
$293,407,093.35
100.00
359
40.94
7.686
662
80.13

1 Original LTV if first lien, combined LTV if second lien.


Original Loan-to-Value Ratios(1)
 
RANGE OF ORIGINAL
LOAN-TO-VALUE RATIOS (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV2
(%)
3
$391,000.00
0.13
359
28.77
7.551
647
38.76
40.01 - 45.00
2
314,800.00
0.11
358
43.63
7.366
658
41.76
45.01 - 50.00
4
1,637,000.00
0.56
360
38.62
7.147
629
48.79
50.01 - 55.00
2
545,000.00
0.19
359
21.30
7.745
627
53.78
55.01 - 60.00
12
3,271,000.00
1.11
360
34.40
7.316
647
58.17
60.01 - 65.00
19
5,341,544.08
1.82
355
37.45
7.131
641
63.25
65.01 - 70.00
22
5,261,481.13
1.79
359
40.78
7.120
641
68.63
70.01 - 75.00
31
8,896,808.00
3.03
359
41.12
7.247
646
73.30
75.01 - 80.00
729
222,959,292.14
75.99
359
41.47
7.681
665
79.94
80.01 - 85.00
40
12,582,324.00
4.29
358
42.34
7.579
649
84.28
85.01 - 90.00
64
20,592,934.00
7.02
359
37.38
7.908
661
89.69
90.01 - 95.00
38
11,613,910.00
3.96
359
40.55
8.531
652
94.84
Total:
966
$293,407,093.35
100.00
359
40.94
7.686
662
80.13

1 The loan-to-value(“OLTV”) of a first-lien mortgage at any given time is a fraction, expressed as a percentage, the numerator of which is the principal balance of the mortgage loan at the date of origination and the denominator of which is the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan. The OLTV of a second lien mortgage loan at any given time is a fraction, expressed as a percentage the numerator of which is (i) the sum of (a) the principal balance of such mortgage loan at the date of origination plus (b) the outstanding balance of the senior mortgage loan at the date of origination of such mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan.

2 Original LTV if first lien, combined LTV if second lien.


 
 
 


FICO Score at Origination
 
RANGE OF FICO SCORES
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME (%)
GROSS COUPON (%)
FICO
OLTV1
(%)
84
$24,792,422.00
8.45
360
41.25
7.780
608
79.96
620 - 639
263
80,594,296.09
27.47
358
41.73
7.718
629
79.38
640 - 659
190
56,724,221.95
19.33
358
40.53
7.684
650
80.26
660 - 679
149
42,509,768.34
14.49
359
40.44
7.678
667
80.06
680 - 699
131
41,367,480.97
14.10
359
41.46
7.505
689
80.87
700 - 719
68
19,547,850.00
6.66
358
39.44
7.723
709
79.87
720 - 739
38
14,070,121.00
4.80
359
40.23
7.597
729
81.37
740 - 759
24
8,729,515.00
2.98
360
39.78
8.044
749
81.64
760 - 779
14
3,882,850.00
1.32
359
41.25
7.698
768
81.01
780 - 799
3
885,600.00
0.30
360
39.02
7.997
783
80.00
800 or greater
2
302,968.00
0.10
360
42.30
7.629
803
80.00
Total:
966
$293,407,093.35
100.00
359
40.94
7.686
662
80.13

1 Original LTV if first lien, combined LTV if second lien.


Debt-to-Income Ratio
 
RANGE OF DEBT-TO-INCOME RATIOS (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
40
$12,231,827.00
4.17
360
14.61
7.618
666
81.39
20.01 - 25.00
29
7,051,972.08
2.40
356
22.93
7.714
663
78.43
25.01 - 30.00
66
16,693,112.13
5.69
359
28.51
7.804
665
78.60
30.01 - 35.00
80
20,741,467.66
7.07
358
33.31
7.621
659
78.18
35.01 - 40.00
160
46,447,606.00
15.83
359
38.66
7.717
666
80.49
40.01 - 45.00
279
87,991,603.51
29.99
358
43.06
7.645
665
80.39
45.01 - 50.00
312
102,249,504.97
34.85
359
48.11
7.706
656
80.35
Total:
966
$293,407,093.35
100.00
359
40.94
7.686
662
80.13

1 Original LTV if first lien, combined LTV if second lien.


 
 
 
 


Geographic Distribution
 
STATE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
470
$177,782,374.28
60.59
359
41.67
7.616
662
79.89
Florida
141
33,483,326.80
11.41
359
39.31
7.863
662
80.84
Arizona
130
24,695,460.04
8.42
357
37.60
7.934
668
81.39
New York
26
11,267,350.00
3.84
360
41.23
7.432
655
78.35
Nevada
30
7,869,990.23
2.68
359
37.81
8.084
656
80.25
Illinois
31
6,781,743.00
2.31
356
43.81
7.911
647
77.35
Maryland
18
4,651,400.00
1.59
359
43.66
7.306
646
77.68
Colorado
19
4,035,850.00
1.38
360
43.23
7.640
651
82.25
Utah
18
3,939,884.00
1.34
344
44.21
7.732
656
80.65
Washington
17
3,936,844.00
1.34
360
34.47
7.686
652
80.97
Hawaii
7
3,001,350.00
1.02
359
45.84
7.251
686
81.24
New Jersey
9
2,942,920.00
1.00
359
43.25
7.645
654
78.90
Minnesota
8
2,161,300.00
0.74
359
33.88
7.875
702
85.45
Texas
7
1,028,704.00
0.35
359
35.41
8.402
680
80.85
Massachusetts
3
874,000.00
0.30
360
45.87
7.183
628
78.39
Connecticut
3
584,185.00
0.20
360
47.64
9.059
611
87.94
Maine
2
515,200.00
0.18
359
46.19
7.350
677
80.31
Ohio
3
382,700.00
0.13
359
42.79
6.783
647
77.72
Indiana
2
345,600.00
0.12
359
38.50
9.209
643
80.00
Missouri
3
318,770.00
0.11
359
37.48
7.748
679
81.40
Wyoming
2
308,000.00
0.10
360
46.45
7.428
640
80.00
Oregon
1
304,340.00
0.10
359
42.00
6.800
648
80.00
Rhode Island
1
252,800.00
0.09
359
44.00
6.800
695
80.00
Alaska
1
250,000.00
0.09
360
27.00
7.990
606
93.98
Nebraska
2
231,635.00
0.08
359
41.74
8.399
621
84.12
Louisiana
2
211,920.00
0.07
360
21.81
8.683
679
80.00
North Carolina
2
207,000.00
0.07
360
28.00
7.100
613
90.00
New Hampshire
1
200,000.00
0.07
359
46.00
7.250
677
78.13
Pennsylvania
1
200,000.00
0.07
360
46.00
7.948
613
80.00
New Mexico
1
124,000.00
0.04
360
29.00
7.750
650
80.00
Georgia
1
116,760.00
0.04
360
20.00
8.930
658
80.00
Kentucky
1
116,000.00
0.04
360
50.00
8.475
648
80.00
Oklahoma
1
113,525.00
0.04
360
45.00
8.300
660
95.00
Mississippi
1
106,912.00
0.04
360
22.00
8.565
711
80.00
Wisconsin
1
65,250.00
0.02
359
22.00
8.975
665
90.00
Total:
966
$293,407,093.35
100.00
359
40.94
7.686
662
80.13

1 Original LTV if first lien, combined LTV if second lien.

 
 
 
 


Occupancy Status
 
OCCUPANCY STATUS*
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME (%)
GROSS COUPON (%)
FICO
OLTV1
(%)
955
$290,604,273.35
99.04
359
41.06
7.683
661
80.09
Second Home
11
2,802,820.00
0.96
360
28.69
7.946
676
83.92
Total:
966
$293,407,093.35
100.00
359
40.94
7.686
662
80.13

1 Original LTV if first lien, combined LTV if second lien.

*Based on mortgagor representation at origination.


Documentation Type
 
INCOME DOCUMENTATION
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME (%)
GROSS COUPON (%)
FICO
OLTV1
(%)
491
$145,592,956.93
49.62
359
40.31
7.352
658
80.33
Stated Documentation
375
117,384,154.19
40.01
359
42.24
8.102
666
79.82
Limited Documentation
100
30,429,982.23
10.37
357
38.92
7.677
662
80.33
Total:
966
$293,407,093.35
100.00
359
40.94
7.686
662
80.13

1 Original LTV if first lien, combined LTV if second lien.


Loan Purpose
 
PURPOSE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME (%)
GROSS COUPON (%)
FICO
OLTV1
(%)
673
$208,336,758.30
71.01
359
41.22
7.766
668
80.81
Refinance-Debt Consolidation Cash Out*
271
79,786,385.05
27.19
359
40.17
7.480
647
78.31
Refinance-Debt Consolidation No Cash Out**
22
5,283,950.00
1.80
355
41.39
7.628
645
80.64
Total:
966
$293,407,093.35
100.00
359
40.94
7.686
662
80.13

1 Original LTV if first lien, combined LTV if second lien.

** Cash proceeds to the borrower inclusive of debt consolidation payments exceed 2% or $2,000 of the original principal balance of the related loan. Also includes all home equity loans originated in Texas with any cash proceeds.

*** Cash proceeds to the borrower inclusive of debt consolidation payments do not exceed 2% or $2,000 of the original principal balance of the related loan. Excludes home equity loans originated in Texas with any cash proceeds.



Credit Grade
 
RISK CATEGORY
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
I
920
$279,837,743.35
95.38
359
41.09
7.686
663
80.21
II
45
13,339,350.00
4.55
359
37.60
7.686
629
78.60
V
1
230,000.00
0.08
359
44.00
6.750
651
74.68
Total:
966
$293,407,093.35
100.00
359
40.94
7.686
662
80.13

1 Original LTV if first lien, combined LTV if second lien.


 
 
 
 


Property Type
 
PROPERTY TYPE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
693
$213,115,774.07
72.63
359
41.17
7.645
661
79.90
PUD Detached
111
33,333,347.23
11.36
358
39.59
7.950
659
81.36
Two-to Four-Family
52
18,637,040.13
6.35
360
41.26
7.425
676
79.55
Condominium
102
26,895,531.92
9.17
358
40.36
7.857
664
80.78
PUD Attached
6
1,112,600.00
0.38
359
44.52
7.782
637
80.34
Single Family Attached
2
312,800.00
0.11
359
45.78
7.367
655
80.00
Total:
966
$293,407,093.35
100.00
359
40.94
7.686
662
80.13

1 Original LTV if first lien, combined LTV if second lien.


Prepayment Charge Term
 
PREPAYMENT CHARGE
TERM AT ORIGINATION
(MONTHS)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
214
$69,975,032.23
23.85
358
42.13
8.179
661
79.80
12
66
23,589,128.00
8.04
359
40.07
7.980
661
81.22
24
597
176,975,813.22
60.32
359
40.78
7.492
663
80.28
36
89
22,867,119.90
7.79
358
39.40
7.366
657
78.87
Total:
966
$293,407,093.35
100.00
359
40.94
7.686
662
80.13

1 Original LTV if first lien, combined LTV if second lien.


Conforming Balances
 
CONFORMING BALANCE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
782
$198,327,116.51
67.59
358
40.54
7.693
659
79.94
Non-conforming
184
95,079,976.84
32.41
359
41.77
7.670
667
80.52
Total:
966
$293,407,093.35
100.00
359
40.94
7.686
662
80.13

1 Original LTV if first lien, combined LTV if second lien.


Maximum Mortgage Rates of the Adjustable-Rate Loans
 
RANGE OF MAXIMUM
MORTGAGE RATES (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
21
$6,305,309.84
2.19
359
39.55
6.317
667
74.98
12.500 - 12.999
154
52,733,294.12
18.31
359
42.17
6.821
663
78.79
13.000 - 13.499
212
64,278,469.00
22.32
359
39.82
7.249
662
79.45
13.500 - 13.999
273
83,357,622.83
28.95
359
40.50
7.749
661
79.93
14.000 - 14.499
144
38,418,335.00
13.34
357
41.54
8.253
663
80.62
14.500 - 14.999
99
30,558,722.00
10.61
359
41.54
8.725
660
82.94
15.000 - 15.499
20
6,074,876.00
2.11
360
42.36
9.282
645
83.88
15.500 - 15.999
16
4,597,375.48
1.60
359
41.57
9.742
678
85.48
16.000 - 16.499
5
1,465,247.00
0.51
359
38.79
10.186
674
88.78
16.500 - 16.999
1
144,000.00
0.05
360
28.00
10.900
624
80.00
Total:
945
$287,933,251.27
100.00
359
40.92
7.685
662
80.13

1 Original LTV if first lien, combined LTV if second lien.


 
 
 
 


Minimum Mortgage Rates of the Adjustable-Rate Loans
 
RANGE OF MINIMUM
MORTGAGE RATES (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
21
$6,305,309.84
2.19
359
39.55
6.317
667
74.98
6.500 - 6.999
154
52,733,294.12
18.31
359
42.17
6.821
663
78.79
7.000 - 7.499
212
64,278,469.00
22.32
359
39.82
7.249
662
79.45
7.500 - 7.999
273
83,357,622.83
28.95
359
40.50
7.749
661
79.93
8.000 - 8.499
144
38,418,335.00
13.34
357
41.54
8.253
663
80.62
8.500 - 8.999
99
30,558,722.00
10.61
359
41.54
8.725
660
82.94
9.000 - 9.499
20
6,074,876.00
2.11
360
42.36
9.282
645
83.88
9.500 - 9.999
16
4,597,375.48
1.60
359
41.57
9.742
678
85.48
10.000 - 10.499
5
1,465,247.00
0.51
359
38.79
10.186
674
88.78
10.500 - 10.999
1
144,000.00
0.05
360
28.00
10.900
624
80.00
Total:
945
$287,933,251.27
100.00
359
40.92
7.685
662
80.13

1 Original LTV if first lien, combined LTV if second lien.


Gross Margins of the Adjustable-Rate Loans
 
RANGE OF GROSS
MARGINS (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
944
$287,758,051.27
99.94
359
40.92
7.685
662
80.13
7.000 - 7.249
1
175,200.00
0.06
360
48.00
8.275
702
80.00
Total:
945
$287,933,251.27
100.00
359
40.92
7.685
662
80.13

1 Original LTV if first lien, combined LTV if second lien.


Next Rate Adjustment Date of the Adjustable-Rate Loans
 
NEXT RATE ADJUSTMENT
DATE
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
2
$778,250.00
0.27
354
46.96
7.349
682
87.74
October 1, 2007
5
1,307,199.83
0.45
355
44.50
6.920
649
83.92
December 1, 2007
7
1,425,819.96
0.50
357
39.71
7.872
666
82.37
January 1, 2008
86
25,000,616.38
8.68
358
42.80
7.567
659
79.71
February 1, 2008
370
116,281,847.28
40.39
358
41.09
7.774
666
79.77
March 1, 2008
306
96,015,313.00
33.35
360
40.41
7.685
660
81.31
November 1, 2008
1
276,000.00
0.10
356
46.00
7.250
685
80.00
December 1, 2008
2
540,360.00
0.19
357
45.82
6.794
643
80.00
January 1, 2009
15
4,520,189.82
1.57
358
42.43
7.137
646
77.56
February 1, 2009
75
18,980,252.00
6.59
358
40.32
7.580
668
77.38
March 1, 2009
76
22,807,403.00
7.92
360
39.87
7.627
649
79.66
Total:
945
$287,933,251.27
100.00
359
40.92
7.685
662
80.13

1 Original LTV if first lien, combined LTV if second lien.


Initial Periodic Rate Cap of the Adjustable-Rate Loans
 
INITIAL PERIODIC
CAP (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
945
$287,933,251.27
100.00
359
40.92
7.685
662
80.13
Total:
945
$287,933,251.27
100.00
359
40.92
7.685
662
80.13

1 Original LTV if first lien, combined LTV if second lien.


 
 
 
 


Periodic Rate Cap of the Adjustable-Rate Loans
 
PERIODIC
CAP (%)
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
945
$287,933,251.27
100.00
359
40.92
7.685
662
80.13
Total:
945
$287,933,251.27
100.00
359
40.92
7.685
662
80.13

1 Original LTV if first lien, combined LTV if second lien.


Historical Delinquency of the Mortgage Loans Since Origination
 
STATUS
NUMBER OF MORTGAGE LOANS
PRINCIPAL
BALANCE
AS OF THE
CUT-OFF DATE ($)
% OF PRINCIPAL
BALANCE AS OF
THE CUT-OFF DATE
REMAINING
TERM TO
MATURITY
(months)
DEBT-TO-INCOME
(%)
GROSS COUPON
(%)
FICO
OLTV1
(%)
962
$292,201,993.35
99.59
359
40.93
7.687
662
80.10
1 x 30
4
$1,205,100.00
.41
357
41.96
7.412
649
87.06
Total:
966
$293,407,093.35
100.00
359
40.94
7.686
662
80.13




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Filed: April 3rd, 2006
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