EXHIBIT 99.2
The mortgage loans delivered to the Trust Fund on the Closing Date (the
"Initial Mortgage Loans") and the mortgage loans delivered to the Trust Fund on
the Subsequent Transfer Date (the "Subsequent Mortgage Loans" and together with
the Initial Mortgage Loans, "the Mortgage Loans") will 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 October 6, 2004 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 as
of December 7, 2004. Pursuant to the Pooling and Servicing Agreement, dated as
of the Cut-off Date (the "Pooling and Servicing Agreement"), among the
Depositor, the Master Servicer and the Trustee, the Depositor will cause the
Mortgage Loans to be assigned to the Trustee for the benefit of the
certificateholders.
The Mortgage Loans included in loan group I (the "Group I Mortgage
Loans") and loan group II (the "Group II Mortgage Loans") have an aggregate
principal balance as of the Cut-off Date of approximately $1,318,581,574 and
$481,418,083, respectively. The Group I Mortgage Loans consist of
adjustable-rate and fixed-rate mortgage loans with principal balances at
origination that conform to Xxxxxxx Mac and Xxxxxx Mae loan limits and the Group
II Mortgage Loans consist of adjustable-rate and fixed-rate mortgage loans with
principal balances at origination that may or may not conform to Xxxxxxx Mac or
Xxxxxx Mae loan limits.
The Mortgage Loans will be secured by mortgages or deeds of trust or
other similar security instruments creating first liens on residential
properties (the "Mortgaged Properties") consisting of attached, detached or
semi-detached one-to four-family dwelling units, individual condominium units or
individual units in planned unit developments and manufactured housing. The
Mortgage Loans 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.
Each adjustable-rate Mortgage Loan will accrue interest at the
adjustable-rate calculated as specified under the terms of the related mortgage
note and each fixed-rate Mortgage Loan will have a Mortgage Rate that is fixed
for the life of such Mortgage (each such rate, a "Mortgage Rate").
Approximately 90.53% and approximately 9.47% of the Mortgage Loans, in
each case, by aggregate scheduled principal balance as of the Cut-off Date, were
originated by the Seller's wholesale lending affiliates, Argent Mortgage
Company, LLC ("Argent") and Olympus Mortgage Company ("Olympus" and together
with Argent, the "Originators"), respectively.
Each adjustable-rate Mortgage Loan will accrue interest at a Mortgage
Rate that is adjustable. The adjustable-rate Mortgage Loans will provide for
semi-annual adjustment to the Mortgage Rate thereon and for corresponding
adjustments to the monthly payment amount due thereon, in each case on each
adjustment date applicable thereto (each such date, an " Adjustment Date");
provided, that the first adjustment for approximately 73.88% of the
adjustable-rate Group I Mortgage Loans and approximately 76.72% of the
adjustable-rate Group II Mortgage Loans will occur after an initial period of
two years after origination, and the first adjustment for approximately 26.12%
of the adjustable-rate Group I Mortgage Loans and approximately 23.28% of the
adjustable-rate Group II Mortgage Loans will occur after an initial period of
three years after origination. On each Adjustment Date for each adjustable-rate
Mortgage Loan, the Mortgage Rate thereon will be adjusted (subject to rounding)
to equal the sum of the applicable Index and a fixed percentage amount (the "
Gross Margin"). The Mortgage Rate on each adjustable-rate Mortgage Loan will not
decrease on the first related Adjustment Date, will not increase by more than
2.000% per annum on the first related
Adjustment Date (the " Initial Periodic Rate Cap") and will not increase or
decrease by more than 1.000% per annum on any Adjustment Date thereafter (the "
Periodic Rate Cap"). Each Mortgage Rate on each adjustable-rate Mortgage Loan
will not exceed a specified maximum Mortgage Rate over the life of such Mortgage
Loan (the " Maximum Mortgage Rate") or be less than a specified minimum Mortgage
Rate over the life of such Mortgage Loan (the " Minimum Mortgage Rate").
Effective with the first monthly payment due on each adjustable-rate Mortgage
Loan after each related Adjustment Date, the monthly payment amount will be
adjusted to an amount that will amortize fully the outstanding principal balance
of the related Mortgage Loan over its remaining term, and pay interest at the
Mortgage Rate as so adjusted. Due to the application of the Periodic Rate Caps
and the Maximum Mortgage Rates, the Mortgage Rate on each such adjustable-rate
Mortgage Loan, as adjusted on any related Adjustment Date, may be less than the
sum of the Index and the related Gross Margin, rounded as described herein. None
of the adjustable-rate Mortgage Loans permits the related mortgagor to convert
the adjustable Mortgage Rate thereon to a fixed Mortgage Rate.
The Mortgage Loans 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 69.75% of the Group I Mortgage Loans and approximately
73.68% of the Group II Mortgage Loans, in each case by aggregate scheduled
principal balances of the related loan group as of the Cut-off Date, provide for
payment by the mortgagor of a prepayment charge on certain principal
prepayments, subject to certain limitations in the related mortgage note and
limitations upon collection in the Pooling and Servicing Agreement. Generally,
each such Mortgage Loan provides for payment of a prepayment charge on certain
prepayments made within a defined period set forth in the related Mortgage Note
(generally within the first three years but possibly as short as one year from
the date of origination of such Mortgage Loan). The amount of the prepayment
charge is as provided in the related Mortgage Note. The holders of the Class P
Certificates will be entitled to all prepayment charges received on the Mortgage
Loans in each loan group, and such amounts will not be available for
distribution on the other classes of Certificates. Under certain instances, as
described under the terms of the Pooling and Servicing Agreement, the Master
Servicer may waive the payment of any otherwise applicable prepayment charge.
Investors should conduct their own analysis of the effect, if any, that the
prepayment charges, and decisions by the Master Servicer with respect to the
waiver thereof, may have on the prepayment performance of the Mortgage Loans.
The Depositor makes no representation as to the effect that the prepayment
charges, and decisions by the Master Servicer with respect to the waiver
thereof, may have on the prepayment performance of the Mortgage Loans. As of
July 1, 2003, the Alternative Mortgage Parity Act of 1982 (the "Parity Act"),
which regulates the ability of the Originators to impose prepayment charges, was
amended, and as a result, the Originators 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. The Depositor makes
no representations as to the effect that the prepayment charges, decisions by
the Master Servicer with respect to the waiver thereof and the recent amendment
of the Parity Act, may have on the prepayment performance of the Mortgage Loans.
However, the ruling of the Office of Thrift Supervision (the "OTS") does not
retroactively affect loans originated before July 1, 2003.
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COLLATERAL TYPE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2 YEAR ARMS 5,666 1,046,402,011.59 58.13 359 39.38 7.597 600 84.36
3 YEAR ARMS 1,871 356,547,332.20 19.81 359 39.35 7.469 615 85.59
FIXED 2,389 397,050,313.33 22.06 350 38.84 7.100 629 79.14
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TOTAL: 9,926 1,799,999,657.13 100.00 357 39.26 7.462 610 83.45
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PRINCIPAL BALANCES AT ORIGINATION
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PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PRINCIPAL BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
AT ORIGINATION ($) LOANS ORIGINATION ($) ORIGINATION (MONTHS)* (%)* (%)* FICO* (%)*
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 2,430 195,286,035.00 10.84 352 36.40 7.902 602 82.44
100,000.01 - 150,000.00 2,616 325,212,145.00 18.05 355 37.99 7.657 605 83.51
150,000.01 - 200,000.00 1,691 293,299,357.00 16.28 357 39.33 7.509 604 83.15
200,000.01 - 250,000.00 1,123 251,877,671.00 13.98 358 39.85 7.408 609 82.68
250,000.01 - 300,000.00 779 213,809,895.00 11.87 358 40.41 7.331 609 83.70
300,000.01 - 350,000.00 452 145,964,743.00 8.10 359 41.06 7.306 614 83.77
350,000.01 - 400,000.00 305 113,790,485.00 6.32 359 40.39 7.224 620 84.93
400,000.01 - 450,000.00 200 84,909,982.00 4.71 359 41.02 7.305 623 85.97
450,000.01 - 500,000.00 170 81,272,706.00 4.51 357 39.78 7.275 626 85.30
500,000.01 - 550,000.00 55 29,062,178.00 1.61 359 40.49 6.895 624 83.76
550,000.01 - 600,000.00 37 21,182,000.00 1.18 359 37.31 7.213 612 83.94
600,000.01 - 650,000.00 33 20,913,599.00 1.16 359 38.96 6.898 635 83.31
650,000.01 - 700,000.00 12 8,158,250.00 0.45 359 33.07 6.991 584 76.14
700,000.01 - 750,000.00 22 16,132,730.00 0.90 359 42.51 7.148 592 75.79
750,000.01 - 800,000.00 1 760,000.00 0.04 359 34.00 6.150 754 80.00
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TOTAL: 9,926 1,801,631,776.00 100.00 357 39.26 7.462 610 83.45
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* Based on the original balances of the Mortgage Loans.
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PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
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PRINCIPAL REMAINING
RANGE OF PRINCIPAL BALANCES NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
AS OF THE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
CUT-OFF DATE ($) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 2,431 195,200,567.13 10.84 352 36.36 7.903 602 82.44
100,000.01 - 150,000.00 2,616 324,973,912.62 18.05 355 37.98 7.656 605 83.52
150,000.01 - 200,000.00 1,691 293,099,255.88 16.28 357 39.30 7.510 604 83.15
200,000.01 - 250,000.00 1,123 251,702,499.35 13.98 358 39.84 7.406 609 82.67
250,000.01 - 300,000.00 779 213,667,715.43 11.87 358 40.43 7.332 609 83.72
300,000.01 - 350,000.00 452 145,875,808.27 8.10 359 41.00 7.306 614 83.77
350,000.01 - 400,000.00 305 113,748,459.83 6.32 359 40.45 7.225 619 84.92
400,000.01 - 450,000.00 199 84,412,118.37 4.69 359 41.02 7.307 624 85.95
450,000.01 - 500,000.00 170 81,190,599.38 4.51 357 39.77 7.276 626 85.30
500,000.01 - 550,000.00 55 29,039,050.95 1.61 359 40.49 6.895 624 83.76
550,000.01 - 600,000.00 37 21,165,873.36 1.18 359 37.31 7.213 612 83.94
600,000.01 - 650,000.00 33 20,891,668.24 1.16 359 38.96 6.898 635 83.31
650,000.01 - 700,000.00 12 8,151,395.87 0.45 359 33.06 6.991 584 76.14
700,000.01 - 750,000.00 22 16,121,467.58 0.90 359 42.51 7.148 592 75.79
750,000.01 - 800,000.00 1 759,264.86 0.04 359 34.00 6.150 754 80.00
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TOTAL: 9,926 1,799,999,657.13 100.00 357 39.26 7.462 610 83.45
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REMAINING TERM TO MATURITY
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RANGE OF MONTHS REMAINING LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
121 - 180 127 13,723,692.29 0.76 179 37.81 7.201 611 76.06
181 - 240 99 12,532,453.41 0.70 239 36.72 7.138 629 75.74
301 - 360 9,700 1,773,743,511.43 98.54 359 39.28 7.466 609 83.56
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TOTAL: 9,926 1,799,999,657.13 100.00 357 39.26 7.462 610 83.45
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MORTGAGE RATE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF CURRENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 355 85,685,854.02 4.76 356 39.14 5.869 655 76.61
6.000 - 6.499 1,055 221,716,933.28 12.32 356 39.16 6.250 631 80.34
6.500 - 6.999 1,881 383,861,239.61 21.33 356 39.56 6.761 622 82.44
7.000 - 7.499 1,498 277,268,453.55 15.40 357 39.40 7.226 616 84.30
7.500 - 7.999 1,990 351,481,120.17 19.53 357 39.13 7.741 605 85.60
8.000 - 8.499 1,175 183,605,325.74 10.20 358 38.80 8.231 592 86.14
8.500 - 8.999 1,077 164,661,423.43 9.15 357 38.84 8.718 586 86.07
9.000 - 9.499 430 63,874,447.66 3.55 358 39.06 9.222 574 85.66
9.500 - 9.999 278 40,320,234.86 2.24 358 39.94 9.725 557 80.93
10.000 - 10.499 80 10,421,341.08 0.58 358 39.00 10.222 541 75.82
10.500 - 10.999 64 10,516,981.44 0.58 358 42.32 10.742 532 72.47
11.000 - 11.499 25 3,941,252.84 0.22 356 42.01 11.194 522 68.63
11.500 - 11.999 8 1,280,725.23 0.07 359 43.84 11.700 513 71.45
12.000 - 12.499 9 1,290,861.60 0.07 359 47.12 12.161 524 66.52
12.500 - 12.999 1 73,462.60 0.00 358 36.00 12.550 537 70.00
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TOTAL: 9,926 1,799,999,657.13 100.00 357 39.26 7.462 610 83.45
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ORIGINAL LOAN-TO-VALUE RATIOS
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF ORIGINAL MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
LOAN-TO-VALUE RATIOS (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
<= 25.00 3 304,901.51 0.02 360 37.37 6.903 574 23.96
25.01 - 30.00 10 1,141,279.86 0.06 359 37.39 7.087 611 27.53
30.01 - 35.00 12 1,915,749.38 0.11 350 38.71 6.897 621 32.76
35.01 - 40.00 32 3,934,722.92 0.22 347 34.76 7.270 586 38.04
40.01 - 45.00 49 7,097,722.73 0.39 353 33.63 7.165 600 43.05
45.01 - 50.00 96 14,980,194.55 0.83 348 36.04 7.065 604 47.94
50.01 - 55.00 101 17,349,820.25 0.96 349 39.68 7.388 593 52.76
55.01 - 60.00 183 31,466,106.64 1.75 355 40.74 7.071 592 58.07
60.01 - 65.00 292 57,816,895.39 3.21 355 39.60 7.489 576 63.50
65.01 - 70.00 494 88,107,469.73 4.89 355 40.17 7.562 580 68.68
70.01 - 75.00 777 141,543,912.01 7.86 356 40.56 7.560 580 74.11
75.01 - 80.00 1,911 347,267,443.41 19.29 357 38.75 7.161 610 79.59
80.01 - 85.00 1,280 223,863,196.06 12.44 357 39.28 7.370 597 84.39
85.01 - 90.00 2,564 467,285,047.88 25.96 358 38.51 7.593 612 89.71
90.01 - 95.00 2,122 395,925,194.82 22.00 358 39.98 7.624 639 94.80
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TOTAL: 9,926 1,799,999,657.13 100.00 357 39.26 7.462 610 83.45
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FICO SCORE AT ORIGINATION
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RANGE OF FICO SCORES LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
500 - 519 586 96,481,313.15 5.36 358 41.65 8.480 509 75.51
520 - 539 834 140,739,160.70 7.82 358 41.36 8.196 529 77.41
540 - 559 878 152,582,332.35 8.48 357 40.05 7.840 551 80.42
560 - 579 880 161,972,542.07 9.00 357 40.02 7.686 569 81.24
580 - 599 1,226 216,058,218.83 12.00 356 39.10 7.519 589 83.42
600 - 619 1,476 254,773,796.28 14.15 355 39.57 7.350 609 85.60
620 - 639 1,419 261,830,668.19 14.55 357 39.02 7.179 629 85.39
640 - 659 991 192,210,646.32 10.68 357 38.66 7.123 650 86.40
660 - 679 584 112,256,062.74 6.24 357 37.66 7.069 668 86.37
680 - 699 464 91,885,947.07 5.10 357 37.06 7.027 688 86.97
700 - 719 254 50,282,570.82 2.79 357 37.87 7.038 709 86.55
720 - 739 157 31,047,153.77 1.72 356 36.76 7.056 729 85.72
740 - 759 93 18,248,170.21 1.01 354 37.90 6.934 748 84.55
760 - 779 58 12,630,960.92 0.70 357 35.77 7.039 769 84.15
780 - 799 24 6,275,085.43 0.35 356 32.42 6.389 787 70.79
800 - 819 2 725,028.26 0.04 358 38.19 6.525 802 77.33
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TOTAL: 9,926 1,799,999,657.13 100.00 357 39.26 7.462 610 83.45
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DEBT-TO-INCOME RATIO
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF DEBT-TO-INCOME MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATIOS (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
<= 20.00 543 89,779,082.50 4.99 356 14.44 7.478 628 81.92
20.01 - 25.00 524 78,645,049.79 4.37 355 23.20 7.518 616 82.40
25.01 - 30.00 923 145,099,929.82 8.06 356 28.19 7.471 615 82.94
30.01 - 35.00 1,250 206,109,680.83 11.45 356 33.12 7.414 613 83.48
35.01 - 40.00 1,767 325,829,280.62 18.10 357 38.18 7.450 614 83.62
40.01 - 45.00 2,194 412,122,985.33 22.90 358 43.10 7.434 611 84.36
45.01 - 50.00 2,410 478,911,733.99 26.61 357 48.12 7.485 603 85.17
50.01 - 55.00 315 63,501,914.26 3.53 355 53.12 7.570 570 68.31
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TOTAL: 9,926 1,799,999,657.13 100.00 357 39.26 7.462 610 83.45
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GEOGRAPHIC DISTRIBUTION
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
STATE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
California 2,014 529,628,376.81 29.42 357 40.47 7.147 604 79.04
Florida 1,072 166,787,768.33 9.27 356 39.55 7.595 612 85.17
New York 511 156,663,601.68 8.70 358 39.84 7.405 627 84.59
Illinois 679 118,973,930.72 6.61 357 39.89 7.658 614 86.25
Arizona 517 66,351,573.72 3.69 355 37.10 7.629 613 87.07
Texas 492 56,751,787.65 3.15 348 37.60 8.046 597 84.15
Maryland 288 56,348,929.64 3.13 357 39.21 7.498 606 83.60
Michigan 460 55,676,619.74 3.09 358 37.70 7.811 600 86.51
Nevada 255 50,194,888.86 2.79 359 39.78 7.697 601 82.24
New Jersey 205 48,805,792.78 2.71 355 37.73 7.453 623 84.24
Massachusetts 189 47,656,151.04 2.65 358 39.32 7.376 618 83.37
Ohio 417 42,437,030.00 2.36 356 37.69 7.692 599 87.56
Georgia 254 36,714,570.17 2.04 356 37.83 7.726 614 86.64
Colorado 177 31,619,914.89 1.76 358 37.84 7.263 611 86.88
Pennsylvania 220 28,438,274.15 1.58 350 38.48 7.569 601 84.54
Washington 148 27,806,477.96 1.54 357 38.36 7.443 609 84.53
Minnesota 151 27,344,456.18 1.52 357 39.25 7.611 611 86.45
Hawaii 86 25,111,785.49 1.40 356 39.07 6.616 639 81.61
Connecticut 117 22,991,301.08 1.28 359 40.44 7.571 615 85.33
Wisconsin 161 20,068,806.04 1.11 358 39.01 7.961 611 87.59
Other 1,513 183,627,620.21 10.20 356 37.67 7.714 606 86.07
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TOTAL: 9,926 1,799,999,657.13 100.00 357 39.26 7.462 610 83.45
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OCCUPANCY STATUS
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
OCCUPANCY STATUS* LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 8,788 1,633,826,483.16 90.77 357 39.93 7.416 606 83.30
Non-OwnerOccupied 1,046 150,308,091.97 8.35 358 31.80 7.981 647 85.45
Second Home 92 15,865,082.00 0.88 356 40.08 7.282 641 80.22
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TOTAL: 9,926 1,799,999,657.13 100.00 357 39.26 7.462 610 83.45
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* Based on mortgagor representation at origination.
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DOCUMENTATION TYPE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
INCOME DOCUMENTATION LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Full Docs 5,635 952,178,379.30 52.90 356 39.53 7.207 599 82.47
Stated Docs 3,752 735,949,890.63 40.89 358 39.23 7.810 624 84.62
Limited Docs 539 111,871,387.20 6.22 357 37.11 7.344 604 84.05
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TOTAL: 9,926 1,799,999,657.13 100.00 357 39.26 7.462 610 83.45
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LOAN PURPOSE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
PURPOSE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Refi-Cashout** 6,035 1,119,804,429.08 62.21 356 39.90 7.393 597 80.94
Purchase 3,317 595,958,194.55 33.11 358 38.09 7.605 635 88.22
Refi No Cashout*** 574 84,237,033.50 4.68 354 38.88 7.360 605 83.08
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TOTAL: 9,926 1,799,999,657.13 100.00 357 39.26 7.462 610 83.45
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** Cash proceeds to the borrower inclusive of debt consolidation payments exceed
2% or $2,000 of the original principal balance of the related loan. Also
includes all home equity loans originated in Texas with any cash proceeds.
***Cash proceeds to the borrower inclusive of debt consolidation payments do not
exceed 2% or $2,000 of the original principal balance of the related loan.
Excludes home equity loans originated in Texas with any cash proceeds.
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CREDIT GRADE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RISK CATEGORY LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
1 6,574 1,181,030,341.19 65.61 356 38.87 7.292 626 85.56
2 713 137,136,392.56 7.62 357 39.70 7.497 589 83.28
3 847 144,670,385.62 8.04 357 39.27 7.564 581 82.22
4 516 86,044,517.87 4.78 357 39.63 7.888 571 78.39
5 335 64,874,482.32 3.60 358 41.32 7.996 555 69.65
6 92 15,816,206.53 0.88 359 43.61 9.718 545 66.20
A+ 355 72,566,466.34 4.03 358 39.64 7.521 606 82.29
A 195 39,402,535.40 2.19 359 41.07 7.463 595 79.76
X- 00 15,538,632.65 0.86 357 40.17 8.285 547 79.96
B 72 14,353,820.43 0.80 357 41.89 8.421 551 75.39
C 74 12,314,122.81 0.68 359 39.60 8.992 543 70.53
C- 70 16,251,753.41 0.90 359 39.40 8.948 564 75.46
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,926 1,799,999,657.13 100.00 357 39.26 7.462 610 83.45
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
PROPERTY TYPE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
SFR 7,254 1,288,467,748.36 71.58 357 39.35 7.431 605 83.25
2-4 UNITS 766 180,116,383.66 10.01 357 37.82 7.505 640 84.52
PUD 867 179,507,943.30 9.97 357 40.19 7.581 600 84.45
CONDO 631 107,879,757.40 5.99 358 39.61 7.573 622 83.99
MANU/MOBIL 369 37,845,058.75 2.10 353 37.19 7.410 626 78.40
PUD-ATTACH 34 5,430,222.34 0.30 357 39.76 7.564 615 87.63
SFR-ATTACH 5 752,543.32 0.04 359 44.18 7.737 606 86.75
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,926 1,799,999,657.13 100.00 357 39.26 7.462 610 83.45
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM AT ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
ORIGINATION (MOS.) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
0 2,862 525,527,944.70 29.20 356 39.05 7.600 615 84.97
12 374 89,727,665.51 4.98 358 39.04 7.547 621 82.72
24 3,592 654,603,476.72 36.37 359 39.36 7.602 598 83.62
36 3,098 530,140,570.20 29.45 354 39.37 7.137 616 81.86
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,926 1,799,999,657.13 100.00 357 39.26 7.462 610 83.45
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
CONFORMING BALANCE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Conforming Balance 9,130 1,444,853,461.27 80.27 356 38.97 7.525 608 83.32
Non-Conforming Balance 796 355,146,195.86 19.73 359 40.43 7.205 615 84.00
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,926 1,799,999,657.13 100.00 357 39.26 7.462 610 83.45
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF MAXIMUM MORTGAGE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
11.500-11.999 206 44,953,145.12 3.20 358 38.91 5.865 639 80.61
12.000-12.499 697 148,345,809.13 10.57 359 39.44 6.262 623 82.43
12.500-12.999 1,343 281,878,874.50 20.09 359 39.63 6.768 619 83.96
13.000-13.499 1,148 225,041,199.76 16.04 359 39.61 7.227 613 85.07
13.500-13.999 1,542 288,383,589.16 20.56 359 39.11 7.748 603 86.29
14.000-14.499 952 156,510,748.78 11.16 359 38.91 8.232 592 86.87
14.500-14.999 891 142,092,413.06 10.13 358 39.07 8.720 584 86.20
15.000-15.499 360 55,213,360.48 3.94 359 39.17 9.225 573 85.89
15.500-15.999 229 34,756,482.74 2.48 359 40.21 9.721 552 80.53
16.000-16.499 68 9,378,561.80 0.67 358 39.58 10.229 537 74.55
16.500-16.999 60 9,967,146.64 0.71 359 42.70 10.744 530 71.94
17.000-17.499 23 3,782,963.19 0.27 359 42.08 11.188 521 68.26
17.500-17.999 8 1,280,725.23 0.09 359 43.84 11.700 513 71.45
18.000-18.499 9 1,290,861.60 0.09 359 47.12 12.161 524 66.52
18.500-18.999 1 73,462.60 0.01 358 36.00 12.550 537 70.00
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 7,537 1,402,949,343.80 100.00 359 39.37 7.564 604 84.67
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF MINIMUM MORTGAGE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.500-5.999 206 44,953,145.12 3.20 358 38.91 5.865 639 80.61
6.000-6.499 697 148,345,809.13 10.57 359 39.44 6.262 623 82.43
6.500-6.999 1,343 281,878,874.50 20.09 359 39.63 6.768 619 83.96
7.000-7.499 1,148 225,041,199.76 16.04 359 39.61 7.227 613 85.07
7.500-7.999 1,542 288,383,589.16 20.56 359 39.11 7.748 603 86.29
8.000-8.499 952 156,510,748.78 11.16 359 38.91 8.232 592 86.87
8.500-8.999 891 142,092,413.06 10.13 358 39.07 8.720 584 86.20
9.000-9.499 360 55,213,360.48 3.94 359 39.17 9.225 573 85.89
9.500-9.999 229 34,756,482.74 2.48 359 40.21 9.721 552 80.53
10.000-10.499 68 9,378,561.80 0.67 358 39.58 10.229 537 74.55
10.500-10.999 60 9,967,146.64 0.71 359 42.70 10.744 530 71.94
11.000-11.499 23 3,782,963.19 0.27 359 42.08 11.188 521 68.26
11.500-11.999 8 1,280,725.23 0.09 359 43.84 11.700 513 71.45
12.000-12.499 9 1,290,861.60 0.09 359 47.12 12.161 524 66.52
12.5000-12.999 1 73,462.60 0.01 358 36.00 12.550 537 70.00
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 7,537 1,402,949,343.80 100.00 359 39.37 7.564 604 84.67
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MARGINS OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RANGE OF MORTGAGE MARGINS (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 60 12,050,530.30 0.86 357 40.43 7.457 584 85.23
5.000 - 5.249 28 4,978,278.29 0.35 360 43.29 7.904 608 88.97
5.500 - 5.749 563 117,950,325.41 8.41 359 40.09 7.650 593 82.60
6.000 - 6.249 6,564 1,212,154,061.15 86.40 359 39.23 7.510 607 85.20
6.250 - 6.499 2 496,237.82 0.04 359 39.03 7.861 603 87.52
6.500 - 6.749 194 33,734,290.99 2.40 358 40.07 7.970 575 82.45
6.750 - 6.999 2 298,859.49 0.02 356 22.00 8.002 538 62.52
7.000 - 7.249 124 21,286,760.35 1.52 359 41.33 9.494 538 68.62
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 7,537 1,402,949,343.80 100.00 359 39.37 7.564 604 84.67
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NEXT RATE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
ADJUSTMENT DATE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2006-03 3 363,578.46 0.03 353 31.06 7.611 557 72.02
2006-04 20 3,908,943.38 0.28 354 41.12 7.172 565 85.20
2006-05 27 5,075,254.41 0.36 355 41.51 7.497 572 84.15
2006-06 83 15,815,366.78 1.13 356 40.10 7.485 594 88.50
2006-07 230 38,520,462.86 2.75 356 39.17 7.580 602 89.40
2006-08 767 128,761,186.49 9.18 358 39.02 7.649 605 85.92
2006-09 3,230 611,792,104.59 43.61 359 39.37 7.589 600 83.67
2006-10 111 19,697,206.12 1.40 359 39.13 7.860 596 84.13
2006-11 164 31,595,711.41 2.25 359 40.28 7.715 593 82.04
2006-12 1,032 190,956,438.76 13.61 360 39.45 7.566 600 84.55
2007-04 7 1,488,247.69 0.11 354 45.18 7.488 568 86.32
2007-05 7 1,217,918.14 0.09 355 36.42 7.171 603 86.59
2007-06 13 2,623,507.26 0.19 356 34.65 7.556 614 86.66
2007-07 71 13,731,933.93 0.98 357 39.48 7.206 630 91.67
2007-08 197 35,787,769.57 2.55 358 38.77 7.449 618 86.97
2007-09 1,094 219,216,229.34 15.63 359 39.48 7.478 615 84.98
2007-10 43 6,256,421.95 0.45 359 40.02 7.796 610 84.97
2007-11 36 6,436,488.66 0.46 359 41.41 7.790 614 86.63
2007-12 402 69,704,574.00 4.97 360 39.10 7.446 614 85.51
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 7,537 1,402,949,343.80 100.00 359 39.37 7.564 604 84.67
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
INITIAL PERIODIC MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATE CAP (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2.000 7,537 1,402,949,343.80 100.00 359 39.37 7.564 604 84.67
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 7,537 1,402,949,343.80 100.00 359 39.37 7.564 604 84.67
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
SUBSEQUENT PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
SUBSEQUENT NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PERIODIC MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATE CAP (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
1.000 7,537 1,402,949,343.80 100.00 359 39.37 7.564 604 84.67
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 7,537 1,402,949,343.80 100.00 359 39.37 7.564 604 84.67
-----------------------------------------------------------------------------------------------------------------------------------
GROUP I MORTGAGE LOAN STATISTICS
The Group I Mortgage Loans consist of 8,088 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $1,318,581,574, after application of scheduled
payments due on or before the Cut-off Date whether or not received and
application of all unscheduled payments of principal received prior to the
Cut-Off Date, and subject to a permitted variance of plus or minus 5%. None of
the Group I Mortgage Loans had a first Due Date prior to April 1, 2004, or after
January 1, 2005, or will have a remaining term to stated maturity of less than
177 months or greater than 360 months as of the Cut-off Date. The latest
maturity date of any Group I Mortgage Loan is December 1, 2034.
-----------------------------------------------------------------------------------------------------------------------------------
COLLATERAL TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2 YEAR ARMS 4,734 779,260,321.03 59.10 359 39.27 7.653 600 84.36
3 YEAR ARMS 1,608 275,463,878.31 20.89 359 39.20 7.513 615 85.39
FIXED 1,746 263,857,375.05 20.01 348 38.86 7.168 627 79.20
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 8,088 1,318,581,574.39 100.00 357 39.17 7.527 609 83.54
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PRINCIPAL BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
AT ORIGINATION ($) LOANS ORIGINATION ($) ORIGINATION (MONTHS)* (%)* (%)* FICO* (%)*
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 1,883 152,888,295.00 11.58 352 36.65 7.926 603 82.81
100,000.01 - 150,000.00 2,356 293,254,154.00 22.22 356 38.08 7.669 605 83.79
150,000.01 - 200,000.00 1,572 272,828,841.00 20.67 357 39.49 7.516 604 83.23
200,000.01 - 250,000.00 1,077 241,551,871.00 18.30 358 39.84 7.412 609 82.85
250,000.01 - 300,000.00 733 201,255,615.00 15.25 358 40.51 7.337 609 83.95
300,000.01 - 350,000.00 357 113,770,934.00 8.62 359 41.18 7.329 617 84.04
350,000.01 - 400,000.00 60 22,296,880.00 1.69 357 38.64 7.291 652 87.41
400,000.01 - 450,000.00 37 15,593,525.00 1.18 359 39.01 7.367 651 87.46
450,000.01 - 500,000.00 9 4,260,500.00 0.32 340 36.73 6.968 673 86.86
500,000.01 - 550,000.00 4 2,046,750.00 0.16 359 39.28 6.626 638 79.27
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 8,088 1,319,747,365.00 100.00 357 39.19 7.526 609 83.54
-----------------------------------------------------------------------------------------------------------------------------------
*Based on the original balances of the Mortgage Loans.
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF PRINCIPAL BALANCES NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
AS OF THE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
CUT-OFF DATE ($) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 1,884 152,851,361.99 11.59 352 36.60 7.927 603 82.81
100,000.01- 150,000.00 2,356 293,052,229.41 22.22 356 38.08 7.668 605 83.80
150,000.01- 200,000.00 1,572 272,646,128.21 20.68 357 39.47 7.517 604 83.23
200,000.01- 250,000.00 1,077 241,386,229.84 18.31 358 39.84 7.410 609 82.84
250,000.01- 300,000.00 733 201,125,541.51 15.25 358 40.53 7.338 609 83.97
300,000.01- 350,000.00 356 113,363,179.85 8.60 359 41.17 7.331 617 84.01
350,000.01- 400,000.00 60 22,278,022.33 1.69 357 38.64 7.291 652 87.41
400,000.01- 450,000.00 37 15,578,987.76 1.18 359 39.01 7.367 651 87.46
450,000.01- 500,000.00 9 4,255,419.32 0.32 340 36.72 6.969 673 86.86
500,000.01- 550,000.00 4 2,044,474.15 0.16 359 39.28 6.626 638 79.27
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 8,088 1,318,581,574.39 100.00 357 39.17 7.527 609 83.54
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
STATED REMAINING TERM TO MATURITY
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RANGE OF MONTHS REMAINING LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
121 - 180 98 11,043,234.74 0.84 179 37.90 7.170 613 75.58
181 - 240 75 9,391,487.87 0.71 239 35.99 7.116 635 76.63
301 - 360 7,915 1,298,146,851.78 98.45 359 39.21 7.533 608 83.66
-----------------------------------------------------------------------------------------------------------------------------------
Total: 8,088 1,318,581,574.39 100.00 357 39.17 7.527 609 83.54
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF CURRENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 256 50,546,015.52 3.83 354 39.03 5.875 648 76.46
6.000 - 6.499 822 151,984,766.53 11.53 355 39.31 6.255 632 79.91
6.500 - 6.999 1,497 267,118,382.75 20.26 356 39.17 6.752 624 82.16
7.000 - 7.499 1,219 204,092,866.34 15.48 357 39.34 7.229 617 84.23
7.500 - 7.999 1,641 261,870,509.03 19.86 357 39.09 7.746 606 85.73
8.000 - 8.499 999 148,031,436.99 11.23 358 38.72 8.232 592 86.04
8.500 - 8.999 911 131,052,083.63 9.94 357 38.97 8.721 585 86.33
9.000 - 9.499 352 49,131,832.27 3.73 358 39.02 9.219 573 86.23
9.500 - 9.999 229 31,764,357.97 2.41 358 39.90 9.718 558 81.61
10.000 - 10.499 71 9,567,195.32 0.73 358 39.32 10.221 540 75.88
10.500 - 10.999 55 8,190,568.58 0.62 358 41.58 10.731 531 72.45
11.000 - 11.499 19 2,659,972.62 0.20 355 44.54 11.180 525 69.09
11.500 - 11.999 8 1,280,725.23 0.10 359 43.84 11.700 513 71.45
12.000 - 12.499 9 1,290,861.60 0.10 359 47.12 12.161 524 66.52
-----------------------------------------------------------------------------------------------------------------------------------
Total: 8,088 1,318,581,574.39 100.00 357 39.17 7.527 609 83.54
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF ORIGINAL MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
LOAN-TO-VALUE RATIOS (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
<=25.00 3 304,901.51 0.02 360 37.37 6.903 574 23.96
25.01-30.00 7 860,023.15 0.07 359 34.14 7.197 610 27.07
30.01-35.00 12 1,915,749.38 0.15 350 38.71 6.897 621 32.76
35.01-40.00 29 3,525,862.18 0.27 345 33.88 7.100 588 38.06
40.01-45.00 37 5,003,299.15 0.38 351 33.81 7.309 590 42.93
45.01-50.00 75 11,611,278.76 0.88 348 37.11 7.149 601 48.01
50.01-55.00 76 12,771,985.56 0.97 347 40.35 7.220 600 52.70
55.01-60.00 142 22,574,838.50 1.71 354 40.51 7.153 588 58.03
60.01-65.00 227 39,922,108.46 3.03 355 40.19 7.526 575 63.63
65.01-70.00 405 66,422,918.82 5.04 355 39.79 7.706 575 68.70
70.01-75.00 613 101,005,065.21 7.66 355 40.22 7.627 579 74.14
75.01-80.00 1,595 261,819,831.72 19.86 357 38.91 7.210 611 79.62
80.01-85.00 1,004 152,935,591.93 11.60 357 39.07 7.457 594 84.42
85.01-90.00 2,043 325,200,559.87 24.66 357 38.43 7.682 608 89.72
90.01-95.00 1,820 312,707,560.19 23.72 358 39.71 7.661 638 94.81
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 8,088 1,318,581,574.39 100.00 357 39.17 7.527 609 83.54
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RANGE OF FICO SCORES LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
500 - 519 468 71,880,970.21 5.45 358 42.02 8.556 509 75.39
520 - 539 690 107,745,993.86 8.17 358 41.64 8.264 530 77.72
540 - 559 688 106,073,589.58 8.04 358 39.79 7.925 551 80.46
560 - 579 722 115,967,719.89 8.79 357 40.30 7.753 569 81.07
580 - 599 981 154,584,390.00 11.72 357 38.98 7.576 589 83.80
600 - 619 1,244 202,054,941.99 15.32 355 39.42 7.409 609 85.85
620 - 639 1,171 194,820,677.60 14.78 356 38.83 7.226 629 85.27
640 - 659 811 140,621,920.75 10.66 358 38.14 7.182 649 86.28
660 - 679 477 81,208,849.82 6.16 356 37.59 7.126 669 86.17
680 - 699 378 63,168,864.08 4.79 356 37.02 7.130 688 87.52
700 - 719 197 33,133,290.22 2.51 356 37.97 6.988 709 86.44
720 - 739 130 23,946,206.41 1.82 355 35.81 7.114 729 85.51
740 - 759 73 12,320,962.99 0.93 351 37.06 7.033 748 85.58
760 - 779 41 7,188,981.95 0.55 356 35.07 6.934 767 83.43
780 - 799 15 3,139,186.78 0.24 354 28.51 6.689 787 74.02
800 - 819 2 725,028.26 0.05 358 38.19 6.525 802 77.32
-----------------------------------------------------------------------------------------------------------------------------------
Total: 8,088 1,318,581,574.39 100.00 357 39.17 7.527 609 83.54
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF DEBT-TO-INCOME MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATIOS (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
<=20.00 404 58,825,895.32 4.46 356 14.71 7.634 631 82.57
20.01-25.00 412 57,855,775.99 4.39 354 23.29 7.510 619 82.11
25.01-30.00 773 115,154,631.67 8.73 356 28.23 7.500 615 82.83
30.01-35.00 1,045 159,337,736.20 12.08 355 33.09 7.451 613 83.94
35.01-40.00 1,451 239,689,382.17 18.18 357 38.11 7.504 612 83.40
40.01-45.00 1,809 306,618,707.89 23.25 358 43.14 7.498 610 84.60
45.01-50.00 1,942 336,414,591.80 25.51 357 48.10 7.577 600 85.16
50.01-55.00 252 44,684,853.34 3.39 354 53.08 7.679 570 68.36
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 8,088 1,318,581,574.39 100.00 357 39.17 7.527 609 83.54
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
STATE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
CA 1,446 306,377,149.50 23.24 357 40.39 7.236 600 76.96
FL 881 136,011,578.68 10.31 357 39.47 7.582 613 85.79
IL 620 102,792,292.80 7.80 358 39.87 7.655 615 86.18
NY 359 90,812,180.53 6.89 358 39.68 7.449 625 83.89
AZ 427 54,054,345.61 4.10 356 37.51 7.687 614 87.98
TX 419 47,848,816.80 3.63 349 37.61 8.091 596 84.32
MI 381 47,626,123.82 3.61 358 37.90 7.798 600 86.85
MD 225 40,549,014.92 3.08 357 38.65 7.483 604 83.37
NJ 182 40,124,738.55 3.04 354 37.77 7.502 622 84.30
NV 219 39,309,948.00 2.98 359 40.37 7.665 607 82.55
MA 154 34,772,693.46 2.64 358 39.11 7.412 617 82.85
OH 320 33,285,259.92 2.52 356 38.11 7.689 597 87.36
GA 236 33,180,076.55 2.52 356 37.65 7.716 612 86.41
CO 163 28,028,693.40 2.13 358 38.42 7.234 611 86.82
MN 139 24,198,457.88 1.84 356 40.13 7.579 609 86.34
WA 130 22,969,824.15 1.74 358 38.49 7.424 610 85.32
PA 167 21,758,941.93 1.65 355 38.06 7.589 605 86.04
CT 107 19,729,645.63 1.50 359 40.48 7.589 619 86.32
HI 72 19,554,621.15 1.48 355 39.01 6.689 638 81.23
WI 149 18,565,759.28 1.41 358 39.22 7.993 607 87.61
Other 1,292 157,031,411.81 11.91 356 38.08 7.722 606 86.40
-----------------------------------------------------------------------------------------------------------------------------------
Total: 8,088 1,318,581,574.39 100.00 357 39.17 7.527 609 83.54
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
OCCUPANCY STATUS* LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 7,161 1,189,109,133.16 90.18 356 39.85 7.484 605 83.40
Non-owner Occupied 848 117,449,176.34 8.91 358 32.25 7.997 646 85.50
Second Home 79 12,023,264.89 0.91 355 39.53 7.164 637 78.48
-----------------------------------------------------------------------------------------------------------------------------------
Total: 8,088 1,318,581,574.39 100.00 357 39.17 7.527 609 83.54
-----------------------------------------------------------------------------------------------------------------------------------
*Based on mortgagor representation at origination.
-----------------------------------------------------------------------------------------------------------------------------------
DOCUMENTATION TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
INCOME DOCUMENTATION LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Full Docs 4,623 715,624,413.96 54.27 355 39.69 7.269 598 82.69
Stated Docs 3,054 530,449,952.36 40.23 358 38.80 7.884 624 84.49
Limited Docs 411 72,507,208.07 5.50 357 36.82 7.456 604 85.02
-----------------------------------------------------------------------------------------------------------------------------------
Total: 8,088 1,318,581,574.39 100.00 357 39.17 7.527 609 83.54
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
PURPOSE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
REFI-CASH OUT** 4,778 802,193,995.05 60.84 356 39.87 7.460 596 80.89
PURCHASE 2,822 450,675,786.54 34.18 358 37.95 7.665 632 88.32
XXXX-XX XXXXXXX*** 000 65,711,792.80 4.98 354 39.03 7.393 603 83.13
-----------------------------------------------------------------------------------------------------------------------------------
Total: 8,088 1,318,581,574.39 100.00 357 39.17 7.527 609 83.54
-----------------------------------------------------------------------------------------------------------------------------------
** Cash proceeds to the borrower inclusive of debt consolidation
payments exceed 2% or $2000 of the original principal balance of the
related loan. Also includes all home equity loans originated in Texas
with any cash proceeds.
-----------------------------------------------------------------------------------------------------------------------------------
CREDIT GRADE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RISK CATEGORY LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
1 5,408 879,357,719.64 66.69 356 38.80 7.352 624 85.77
2 562 94,651,963.48 7.18 357 39.93 7.554 586 82.93
3 677 103,104,079.25 7.82 357 39.03 7.636 580 82.10
4 420 63,750,921.70 4.83 357 40.09 7.972 569 78.24
5 261 43,949,667.37 3.33 358 40.38 8.033 556 69.71
6 72 11,359,339.09 0.86 359 44.02 9.752 547 66.35
A+ 280 49,090,190.34 3.72 358 38.78 7.646 606 81.63
A 163 29,511,919.57 2.24 359 40.95 7.564 592 78.82
X- 00 12,393,542.69 0.94 357 40.15 8.408 544 79.90
B 62 11,896,765.36 0.90 357 41.83 8.570 549 75.28
C 62 10,510,204.25 0.80 359 39.72 8.954 546 70.54
C- 49 9,005,261.65 0.68 359 41.65 9.613 548 72.68
-----------------------------------------------------------------------------------------------------------------------------------
Total: 8,088 1,318,581,574.39 100.00 357 39.17 7.527 609 83.54
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
PROPERTY TYPE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
SFR 5,857 928,826,477.55 70.44 356 39.34 7.498 604 83.40
2-4 UNITS 633 137,768,570.06 10.45 357 37.82 7.579 637 83.86
PUD 713 128,316,797.24 9.73 357 39.67 7.644 600 85.25
CONDO 554 87,333,704.73 6.62 358 39.52 7.608 621 83.56
MANU/MOBIL 299 31,529,182.60 2.39 354 37.14 7.419 625 78.84
PUD-ATTACH 27 4,054,298.89 0.31 356 38.95 7.681 617 86.64
SFR-ATTACH 5 752,543.32 0.06 359 44.18 7.737 606 86.75
-----------------------------------------------------------------------------------------------------------------------------------
Total: 8,088 1,318,581,574.39 100.00 357 39.17 7.527 609 83.54
-----------------------------------------------------------------------------------------------------------------------------------
*** Cash proceeds to the borrower inclusive of debt consolidation
payments do not exceed 2% or $2000 of the original principal balance of
the related loan. Excludes home equity loans originated in Texas with
any cash proceeds.
-----------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
ORIGINATION (MOS.) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
0 2,414 398,812,136.07 30.25 356 38.96 7.629 613 84.72
12 289 57,432,240.84 4.36 358 38.87 7.629 624 83.41
24 2,991 487,043,224.69 36.94 358 39.30 7.664 599 83.68
36 2,394 375,293,972.78 28.46 354 39.27 7.223 614 82.13
-----------------------------------------------------------------------------------------------------------------------------------
Total: 8,088 1,318,581,574.39 100.00 357 39.17 7.527 609 83.54
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
CONFORMING BALANCE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Conforming Balance 8,088 1,318,581,574.39 100.00 357 39.17 7.527 609 83.54
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 8,088 1,318,581,574.39 100.00 357 39.17 7.527 609 83.54
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF MAXIMUM MORTGAGE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
11.500 - 11.999 164 31,027,714.95 2.94 358 38.71 5.878 639 79.90
12.000 - 12.499 561 105,134,535.70 9.97 359 39.76 6.266 626 82.15
12.500 - 12.999 1,099 198,846,322.44 18.85 359 39.27 6.756 618 83.52
13.000 - 13.499 962 166,268,731.45 15.76 358 39.23 7.232 615 85.00
13.500 - 13.999 1,303 218,064,759.97 20.68 359 39.09 7.751 605 86.31
14.000 - 14.499 830 127,629,655.30 12.10 359 38.75 8.232 592 86.79
14.500 - 14.999 778 114,629,910.18 10.87 358 39.20 8.723 584 86.48
15.000 - 15.499 305 43,770,614.80 4.15 359 39.23 9.223 572 86.13
15.500 - 15.999 190 27,490,203.83 2.61 358 39.91 9.709 555 81.26
16.000 - 16.499 62 8,788,479.55 0.83 358 39.77 10.229 538 75.00
16.500 - 16.999 53 7,916,029.12 0.75 359 41.43 10.732 530 72.21
17.000 - 17.499 18 2,585,655.22 0.25 359 44.62 11.177 524 68.78
17.500 - 17.999 8 1,280,725.23 0.12 359 43.84 11.700 513 71.45
18.000 - 18.499 9 1,290,861.60 0.12 359 47.12 12.161 524 66.52
-----------------------------------------------------------------------------------------------------------------------------------
Total: 6,342 1,054,724,199.34 100.00 359 39.25 7.616 604 84.63
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF MINIMUM MORTGAGE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 164 31,027,714.95 2.94 358 38.71 5.878 639 79.90
6.000 - 6.499 561 105,134,535.70 9.97 359 39.76 6.266 626 82.15
6.500 - 6.999 1,099 198,846,322.44 18.85 359 39.27 6.756 618 83.52
7.000 - 7.499 962 166,268,731.45 15.76 358 39.23 7.232 615 85.00
7.500 - 7.999 1,303 218,064,759.97 20.68 359 39.09 7.751 605 86.31
8.000 - 8.499 830 127,629,655.30 12.10 359 38.75 8.232 592 86.79
8.500 - 8.999 778 114,629,910.18 10.87 358 39.20 8.723 584 86.48
9.000 - 9.499 305 43,770,614.80 4.15 359 39.23 9.223 572 86.13
9.500 - 9.999 190 27,490,203.83 2.61 358 39.91 9.709 555 81.26
10.000 - 10.499 62 8,788,479.55 0.83 358 39.77 10.229 538 75.00
10.500 - 10.999 53 7,916,029.12 0.75 359 41.43 10.732 530 72.21
11.000 - 11.499 18 2,585,655.22 0.25 359 44.62 11.177 524 68.78
11.500 - 11.999 8 1,280,725.23 0.12 359 43.84 11.700 513 71.45
12.000 - 12.499 9 1,290,861.60 0.12 359 47.12 12.161 524 66.52
-----------------------------------------------------------------------------------------------------------------------------------
Total: 6,342 1,054,724,199.34 100.00 359 39.25 7.616 604 84.63
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF GROSS MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
MARGINS (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 42 7,061,913.68 0.67 355 41.07 7.460 581 84.67
5.000 - 5.249 24 3,958,628.29 0.38 360 43.73 7.796 613 89.67
5.500 - 5.749 450 80,807,708.98 7.66 359 39.80 7.778 591 81.59
6.000 - 6.249 5,547 915,830,522.45 86.83 359 39.11 7.554 608 85.27
6.250 - 6.499 2 496,237.82 0.05 359 39.03 7.861 603 87.52
6.500 - 6.749 171 28,554,601.13 2.71 358 40.22 8.042 572 81.67
6.750 - 6.999 2 298,859.49 0.03 356 22.00 8.002 538 62.52
7.000 - 7.249 104 17,715,727.50 1.68 359 41.05 9.430 541 68.92
-----------------------------------------------------------------------------------------------------------------------------------
Total: 6,342 1,054,724,199.34 100.00 359 39.25 7.616 604 84.63
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NEXT RATE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
ADJUSTMENT DATE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2006-03 3 363,578.46 0.03 353 31.06 7.611 557 72.02
2006-04 17 3,018,808.52 0.29 354 40.87 7.282 559 83.22
2006-05 17 2,875,044.79 0.27 355 41.36 7.596 566 83.98
2006-06 62 9,456,441.47 0.90 356 39.59 7.747 594 87.73
2006-07 199 31,919,472.91 3.03 356 39.05 7.593 602 89.72
2006-08 641 99,255,656.67 9.41 358 39.03 7.653 605 85.90
2006-09 2,709 452,519,629.88 42.90 359 39.29 7.655 600 83.68
2006-10 87 12,236,628.15 1.16 360 38.06 7.939 592 81.79
2006-11 131 22,974,990.88 2.18 359 40.48 7.768 591 82.41
2006-12 869 144,724,310.97 13.72 360 39.23 7.618 600 84.60
2007-04 6 1,377,592.46 0.13 354 44.47 7.339 573 87.23
2007-05 6 801,582.74 0.08 355 34.04 7.858 589 84.82
2007-06 11 2,366,023.79 0.22 356 35.95 7.486 625 88.43
2007-07 58 10,437,657.43 0.99 357 39.78 7.243 629 91.11
2007-08 175 30,688,034.28 2.91 358 38.70 7.452 617 86.50
2007-09 934 165,826,173.44 15.72 359 39.22 7.533 615 84.76
2007-10 38 4,455,693.39 0.42 359 41.00 7.871 589 83.84
2007-11 31 4,819,055.12 0.46 359 40.98 7.857 605 86.71
2007-12 348 54,607,824.00 5.18 360 39.13 7.479 617 85.43
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 6,342 1,054,724,199.34 100.00 359 39.25 7.616 604 84.63
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
INITIAL PERIODIC MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATE CAP (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2 6,342 1,054,724,199.34 100.00 359 39.25 7.616 604 84.63
-----------------------------------------------------------------------------------------------------------------------------------
Total: 6,342 1,054,724,199.34 100.00 359 39.25 7.616 604 84.63
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
SUBSEQUENT PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
SUBSEQUENT NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PERIODIC MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATE CAP (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
1 6,342 1,054,724,199.34 100.00 359 39.25 7.616 604 84.63
-----------------------------------------------------------------------------------------------------------------------------------
Total: 6,342 1,054,724,199.34 100.00 359 39.25 7.616 604 84.63
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II MORTGAGE LOAN STATISTICS
The Group II Mortgage Loans consist of 1,838 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $481,418,083, after application of scheduled
payments due on or before the Cut-off Date whether or not received and
application of all unscheduled payments of principal received prior to the
Cut-off Date. None of the Group II Mortgage Loans had a first Due Date prior to
May 1, 2004 or after January 1, 2005, or will have a remaining term to stated
maturity of less than 175 months or greater than 360 months as of the Cut-off
Date. The latest maturity date of any Group II Mortgage Loan is December 1,
2034.
-----------------------------------------------------------------------------------------------------------------------------------
COLLATERAL TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2 YEAR ARMS 932 267,141,690.56 55.49 359 39.71 7.435 600 84.36
3 YEAR ARMS 263 81,083,453.89 16.84 359 39.86 7.319 616 86.29
FIXED 643 133,192,938.28 27.67 353 38.80 6.964 634 79.02
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,838 481,418,082.74 100.00 357 39.48 7.285 612 83.21
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PRINCIPAL BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
AT ORIGINATION ($) LOANS ORIGINATION ($) ORIGINATION (MONTHS)* (%)* (%)* FICO* (%)*
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 547 42,397,740.00 8.80 350 35.48 7.816 597 81.10
100,000.01 - 150,000.00 260 31,957,991.00 6.63 348 37.11 7.540 605 80.90
150,000.01 - 200,000.00 119 20,470,516.00 4.25 355 37.11 7.417 606 82.12
200,000.01 - 250,000.00 46 10,325,800.00 2.14 359 39.95 7.311 605 78.79
250,000.01 - 300,000.00 46 12,554,280.00 2.61 359 38.85 7.237 601 79.77
300,000.01 - 350,000.00 95 32,193,809.00 6.68 359 40.62 7.223 604 82.79
350,000.01 - 400,000.00 245 91,493,605.00 18.99 359 40.81 7.208 612 84.33
400,000.01 - 450,000.00 163 69,316,457.00 14.38 359 41.47 7.291 617 85.63
450,000.01 - 500,000.00 161 77,012,206.00 15.98 358 39.94 7.292 623 85.21
500,000.01 - 550,000.00 51 27,015,428.00 5.61 359 40.58 6.915 623 84.10
550,000.01 - 600,000.00 37 21,182,000.00 4.40 359 37.31 7.213 612 83.94
600,000.01 - 650,000.00 33 20,913,599.00 4.34 359 38.96 6.898 635 83.31
650,000.01 - 700,000.00 12 8,158,250.00 1.69 359 33.07 6.991 584 76.14
700,000.01 - 750,000.00 22 16,132,730.00 3.35 359 42.51 7.148 592 75.79
750,000.01 - 800,000.00 1 760,000.00 0.16 359 34.00 6.150 754 80.00
-----------------------------------------------------------------------------------------------------------------------------------
Total: 1,838 481,884,411.00 100.00 357 39.48 7.285 612 83.21
-----------------------------------------------------------------------------------------------------------------------------------
*Based on the original balances of the Mortgage Loans.
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF PRINCIPAL BALANCES NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
AS OF THE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
CUT-OFF DATE ($) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 547 42,349,205.13 8.80 350 35.48 7.816 597 81.10
100,000.01 - 150,000.00 260 31,921,683.21 6.63 348 37.11 7.540 605 80.90
150,000.01 - 200,000.00 119 20,453,127.67 4.25 355 37.11 7.417 606 82.12
200,000.01 - 250,000.00 46 10,316,269.51 2.14 359 39.95 7.311 605 78.78
250,000.01 - 300,000.00 46 12,542,173.92 2.61 359 38.85 7.237 601 79.77
300,000.01 - 350,000.00 96 32,512,628.41 6.75 359 40.42 7.217 605 82.92
350,000.01 - 400,000.00 245 91,470,437.50 19.00 359 40.89 7.209 611 84.31
400,000.01 - 450,000.00 162 68,833,130.61 14.30 359 41.47 7.294 618 85.61
450,000.01 - 500,000.00 161 76,935,180.06 15.98 358 39.94 7.293 623 85.21
500,000.01 - 550,000.00 51 26,994,576.80 5.61 359 40.58 6.915 623 84.10
550,000.01 - 600,000.00 37 21,165,873.36 4.40 359 37.31 7.213 612 83.94
600,000.01 - 650,000.00 33 20,891,668.24 4.34 359 38.96 6.898 635 83.31
650,000.01 - 700,000.00 12 8,151,395.87 1.69 359 33.06 6.991 584 76.14
700,000.01 - 750,000.00 22 16,121,467.58 3.35 359 42.51 7.148 592 75.79
750,000.01 - 800,000.00 1 759,264.86 0.16 359 34.00 6.150 754 80.00
-----------------------------------------------------------------------------------------------------------------------------------
Total: 1,838 481,418,082.74 100.00 357 39.48 7.285 612 83.21
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
STATED REMAINING TERM TO MATURITY
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RANGE OF MONTHS REMAINING LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
121 - 180 29 2,680,457.55 0.56 179 37.45 7.331 603 78.02
181 - 240 24 3,140,965.54 0.65 239 38.92 7.205 612 73.09
301 - 360 1,785 475,596,659.65 98.79 359 39.50 7.285 612 83.30
-----------------------------------------------------------------------------------------------------------------------------------
Total: 1,838 481,418,082.74 100.00 357 39.48 7.285 612 83.21
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF CURRENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 99 35,139,838.50 7.30 358 39.30 5.860 666 76.81
6.000 - 6.499 233 69,732,166.75 14.48 357 38.83 6.239 629 81.29
6.500 - 6.999 384 116,742,856.86 24.25 357 40.44 6.780 619 83.08
7.000 - 7.499 279 73,175,587.21 15.20 357 39.58 7.218 611 84.52
7.500 - 7.999 349 89,610,611.15 18.61 356 39.24 7.728 602 85.23
8.000 - 8.499 176 35,573,888.76 7.39 358 39.13 8.230 594 86.53
8.500 - 8.999 166 33,609,339.80 6.98 358 38.31 8.706 589 85.05
9.000 - 9.499 78 14,742,615.39 3.06 357 39.20 9.229 575 83.78
9.500 - 9.999 49 8,555,876.89 1.78 357 40.09 9.747 552 78.39
10.000 - 10.499 9 854,145.76 0.18 359 35.44 10.235 553 75.07
10.500 - 10.999 9 2,326,412.86 0.48 359 44.90 10.779 533 72.57
11.000 - 11.499 6 1,281,280.22 0.27 359 36.75 11.222 515 67.66
12.500 - 12.999 1 73,462.60 0.02 358 36.00 12.550 537 70.00
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,838 481,418,082.74 100.00 357 39.48 7.285 612 83.21
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF ORIGINAL MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
LOAN-TO-VALUE RATIOS (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
25.01 - 30.00 3 281,256.71 0.06 359 47.34 6.750 614 28.92
35.01 - 40.00 3 408,860.74 0.08 359 42.35 8.740 573 37.87
40.01 - 45.00 12 2,094,423.58 0.44 359 33.19 6.819 624 43.35
45.01 - 50.00 21 3,368,915.79 0.70 349 32.36 6.777 615 47.69
50.01 - 55.00 25 4,577,834.69 0.95 353 37.80 7.855 575 52.95
55.01 - 60.00 41 8,891,268.14 1.85 358 41.32 6.862 605 58.17
60.01 - 65.00 65 17,894,786.93 3.72 353 38.29 7.405 579 63.19
65.01 - 70.00 89 21,684,550.91 4.50 354 41.33 7.121 594 68.64
70.01 - 75.00 164 40,538,846.79 8.42 356 41.40 7.392 582 74.05
75.01 - 80.00 316 85,447,611.69 17.75 357 38.27 7.009 604 79.50
80.01 - 85.00 276 70,927,604.12 14.73 357 39.72 7.182 603 84.31
85.01 - 90.00 521 142,084,488.01 29.51 358 38.71 7.389 620 89.68
90.01 - 95.00 302 83,217,634.63 17.29 358 40.98 7.485 644 94.76
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,838 481,418,082.74 100.00 357 39.48 7.285 612 83.21
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RANGE OF FICO SCORES LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
500 - 519 118 24,600,342.93 5.11 358 40.56 8.257 510 75.87
520 - 539 144 32,993,166.84 6.85 359 40.45 7.975 529 76.38
540 - 559 190 46,508,742.77 9.66 357 40.64 7.646 551 80.31
560 - 579 158 46,004,822.19 9.56 357 39.33 7.518 569 81.69
580 - 599 245 61,473,828.83 12.77 355 39.40 7.378 589 82.48
600 - 619 232 52,718,854.30 10.95 356 40.12 7.124 610 84.63
620 - 639 248 67,009,990.59 13.92 358 39.57 7.041 629 85.74
640 - 659 180 51,588,725.57 10.72 357 40.06 6.964 650 86.73
660 - 679 107 31,047,212.92 6.45 358 37.86 6.920 668 86.91
680 - 699 86 28,717,083.00 5.97 359 37.13 6.800 688 85.76
700 - 719 57 17,149,280.60 3.56 358 37.67 7.135 709 86.77
720 - 739 27 7,100,947.36 1.48 359 39.94 6.858 731 86.43
740 - 759 20 5,927,207.22 1.23 359 39.64 6.727 747 82.43
760 - 779 17 5,441,978.97 1.13 357 36.70 7.178 771 85.11
780 - 799 9 3,135,898.65 0.65 359 36.33 6.089 787 67.56
-----------------------------------------------------------------------------------------------------------------------------------
Total: 1,838 481,418,082.74 100.00 357 39.48 7.285 612 83.21
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF DEBT-TO-INCOME MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATIOS (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
<= 20.00 139 30,953,187.18 6.43 356 13.94 7.181 622 80.69
20.01 - 25.00 112 20,789,273.81 4.32 355 22.93 7.541 606 83.23
25.01 - 30.00 150 29,945,298.15 6.22 357 28.02 7.357 616 83.37
30.01 - 35.00 205 46,771,944.63 9.72 357 33.22 7.288 615 81.91
35.01 - 40.00 316 86,139,898.44 17.89 358 38.37 7.300 619 84.21
40.01 - 45.00 385 105,504,277.44 21.92 357 43.00 7.247 615 83.66
45.01 - 50.00 468 142,497,142.18 29.60 357 48.17 7.270 608 85.18
50.01 - 55.00 63 18,817,060.92 3.91 357 53.21 7.309 572 68.19
-----------------------------------------------------------------------------------------------------------------------------------
Total: 1,838 481,418,082.74 100.00 357 39.48 7.285 612 83.21
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
STATE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
CA 568 223,251,227.30 46.37 359 40.58 7.024 611 81.90
NY 152 65,851,421.15 13.68 359 40.06 7.345 631 85.55
FL 191 30,776,189.65 6.39 355 39.88 7.655 604 82.44
IL 59 16,181,637.92 3.36 356 39.99 7.679 612 86.69
MD 63 15,799,914.72 3.28 358 40.64 7.535 609 84.21
MA 35 12,883,457.58 2.68 359 39.88 7.281 621 84.78
AZ 90 12,297,228.10 2.55 350 35.28 7.376 609 83.10
NV 36 10,884,940.86 2.26 359 37.64 7.812 578 81.11
OH 97 9,151,770.08 1.90 355 36.15 7.703 607 88.30
TX 73 8,902,970.85 1.85 345 37.55 7.803 602 83.23
NJ 23 8,681,054.23 1.80 359 37.55 7.222 631 83.97
MI 79 8,050,495.92 1.67 355 36.55 7.884 597 84.48
PA 53 6,679,332.21 1.39 336 39.84 7.505 587 79.66
HI 14 5,557,164.34 1.15 359 39.29 6.357 644 82.96
WA 18 4,836,653.81 1.00 355 37.72 7.534 606 80.78
CO 14 3,591,221.49 0.75 359 33.37 7.492 611 87.34
GA 18 3,534,493.62 0.73 355 39.47 7.825 629 88.76
CT 10 3,261,655.45 0.68 359 40.17 7.466 591 79.37
MN 12 3,145,998.30 0.65 359 32.45 7.857 631 87.35
TN 32 3,004,886.44 0.62 356 36.49 7.603 605 84.73
Other 201 25,094,368.72 5.21 355 35.14 7.662 608 84.24
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,838 481,418,082.74 100.00 357 39.48 7.285 612 83.21
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
OCCUPANCY STATUS* LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 1,627 444,717,350.00 92.38 357 40.15 7.235 609 83.03
Non-owner Occupied 198 32,858,915.63 6.83 357 30.22 7.923 650 85.27
Second Home 13 3,841,817.11 0.80 357 41.82 7.653 655 85.66
-----------------------------------------------------------------------------------------------------------------------------------
Total: 1,838 481,418,082.74 100.00 357 39.48 7.285 612 83.21
-----------------------------------------------------------------------------------------------------------------------------------
*Based on mortgagor representation at origination.
-----------------------------------------------------------------------------------------------------------------------------------
DOCUMENTATION TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
INCOME DOCUMENTATION LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Full Docs 1,012 236,553,965.33 49.14 357 39.04 7.019 604 81.83
Stated Docs 698 205,499,938.27 42.69 358 40.34 7.620 623 84.96
Limited Docs 128 39,364,179.13 8.18 356 37.64 7.139 605 82.28
-----------------------------------------------------------------------------------------------------------------------------------
Total: 1,838 481,418,082.74 100.00 357 39.48 7.285 612 83.21
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
PURPOSE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Refi-Cash Out ** 1,257 317,610,434.03 65.97 357 39.98 7.226 598 81.07
Purchase 495 145,282,408.01 30.18 359 38.54 7.419 644 87.91
Refi-No Cashout *** 86 18,525,240.70 3.85 356 38.33 7.243 612 82.87
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,838 481,418,082.74 100.00 357 39.48 7.285 612 83.21
-----------------------------------------------------------------------------------------------------------------------------------
** Cash proceeds to the borrower inclusive of debt consolidation
payments exceed 2% or $2000 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 $2000 of the original principal balance of
the related loan. Excludes home equity loans originated in Texas with
any cash proceeds.
-----------------------------------------------------------------------------------------------------------------------------------
CREDIT GRADE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RISK CATEGORY LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
1 1,166 301,672,621.55 62.66 357 39.08 7.119 630 84.96
2 151 42,484,429.08 8.82 358 39.19 7.370 594 84.08
3 170 41,566,306.38 8.63 357 39.84 7.386 582 82.53
4 96 22,293,596.17 4.63 359 38.32 7.649 576 78.82
5 74 20,924,814.96 4.35 357 43.30 7.917 552 69.51
6 20 4,456,867.44 0.93 359 42.57 9.632 539 65.81
A+ 75 23,476,275.99 4.88 359 41.43 7.259 606 83.68
A 32 9,890,615.83 2.05 359 41.42 7.162 606 82.59
X- 00 3,145,089.96 0.65 359 40.23 7.802 562 80.18
B 10 2,457,055.07 0.51 359 42.15 7.697 564 75.91
C 12 1,803,918.56 0.37 359 38.93 9.213 523 70.50
C- 21 7,246,491.75 1.51 359 36.61 8.121 584 78.93
-----------------------------------------------------------------------------------------------------------------------------------
Total: 1,838 481,418,082.74 100.00 357 39.48 7.285 612 83.21
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
PROPERTY TYPE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
SFR 1,397 359,641,270.81 74.70 357 39.38 7.258 608 82.85
PUD 154 51,191,146.06 10.63 358 41.51 7.422 600 82.45
2-4 UNITS 133 42,347,813.59 8.80 358 37.83 7.265 650 86.69
CONDO 77 20,546,052.67 4.27 358 40.00 7.428 629 85.85
MANU/MOBIL 70 6,315,876.15 1.31 347 37.46 7.365 633 76.23
PUD-ATTACH 7 1,375,923.45 0.29 358 42.15 7.219 611 90.55
-----------------------------------------------------------------------------------------------------------------------------------
Total: 1,838 481,418,082.74 100.00 357 39.48 7.285 612 83.21
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
ORIGINATION (MOS.) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
0 448 126,715,808.63 26.32 357 39.33 7.509 620 85.78
12 85 32,295,424.67 6.71 358 39.35 7.400 615 81.49
24 601 167,560,252.03 34.81 359 39.52 7.422 598 83.45
36 704 154,846,597.41 32.16 355 39.59 6.929 621 81.20
-----------------------------------------------------------------------------------------------------------------------------------
Total: 1,838 481,418,082.74 100.00 357 39.48 7.285 612 83.21
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
CONFORMING BALANCE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Conforming Balance 1,042 126,271,886.88 26.23 353 36.82 7.508 605 80.97
Non-Conforming Balance 796 355,146,195.86 73.77 359 40.43 7.205 615 84.00
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,838 481,418,082.74 100.00 357 39.48 7.285 612 83.21
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF MAXIMUM MORTGAGE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
11.500 - 11.999 42 13,925,430.17 4.00 359 39.34 5.836 639 82.20
12.000 - 12.499 136 43,211,273.43 12.41 359 38.67 6.251 617 83.10
12.500 - 12.999 244 83,032,552.07 23.84 359 40.50 6.795 619 85.03
13.000 - 13.499 186 58,772,468.30 16.88 359 40.69 7.212 606 85.28
13.500 - 13.999 239 70,318,829.19 20.19 359 39.17 7.738 598 86.20
14.000 - 14.499 122 28,881,093.48 8.29 359 39.61 8.233 591 87.23
14.500 - 14.999 113 27,462,502.89 7.89 359 38.50 8.706 582 85.04
15.000 - 15.499 55 11,442,745.68 3.29 359 38.93 9.234 578 84.94
15.500 - 15.999 39 7,266,278.91 2.09 359 41.37 9.764 540 77.76
16.000 - 16.499 6 590,082.25 0.17 358 36.75 10.222 533 67.80
16.500 - 16.999 7 2,051,117.52 0.59 359 47.61 10.788 529 70.90
17.000 - 17.499 5 1,197,307.97 0.34 359 36.59 11.213 515 67.14
18.500 - 18.999 1 73,462.60 0.02 358 36.00 12.550 537 70.00
-----------------------------------------------------------------------------------------------------------------------------------
Total: 1,195 348,225,144.46 100.00 359 39.74 7.408 604 84.81
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF MINIMUM MORTGAGE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE ($) (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 42 13,925,430.17 4.00 359 39.34 5.836 639 82.20
6.000 - 6.499 136 43,211,273.43 12.41 359 38.67 6.251 617 83.10
6.500 - 6.999 244 83,032,552.07 23.84 359 40.50 6.795 619 85.03
7.000 - 7.499 186 58,772,468.30 16.88 359 40.69 7.212 606 85.28
7.500 - 7.999 239 70,318,829.19 20.19 359 39.17 7.738 598 86.20
8.000 - 8.499 122 28,881,093.48 8.29 359 39.61 8.233 591 87.23
8.500 - 8.999 113 27,462,502.89 7.89 359 38.50 8.706 582 85.04
9.000 - 9.499 55 11,442,745.68 3.29 359 38.93 9.234 578 84.94
9.500 - 9.999 39 7,266,278.91 2.09 359 41.37 9.764 540 77.76
10.000 - 10.499 6 590,082.25 0.17 358 36.75 10.222 533 67.80
10.500 - 10.999 7 2,051,117.52 0.59 359 47.61 10.788 529 70.90
11.000 - 11.499 5 1,197,307.97 0.34 359 36.59 11.213 515 67.14
12.500 - 12.999 1 73,462.60 0.02 358 36.00 12.550 537 70.00
-----------------------------------------------------------------------------------------------------------------------------------
Total: 1,195 348,225,144.46 100.00 359 39.74 7.408 604 84.81
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF GROSS MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
MARGINS (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 18 4,988,616.62 1.43 358 39.52 7.451 588 86.02
5.000 - 5.249 4 1,019,650.00 0.29 360 41.59 8.326 589 86.26
5.500 - 5.749 113 37,142,616.43 10.67 359 40.72 7.372 598 84.81
6.000 - 6.249 1,017 296,323,538.69 85.10 359 39.59 7.377 606 84.96
6.500 - 6.749 23 5,179,689.86 1.49 357 39.19 7.571 590 86.75
7.000 - 7.249 20 3,571,032.85 1.03 359 42.75 9.813 523 67.13
-----------------------------------------------------------------------------------------------------------------------------------
Total: 1,195 348,225,144.46 100.00 359 39.74 7.408 604 84.81
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NEXT RATE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
ADJUSTMENT DATE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2006-04 3 890,134.86 0.26 354 41.98 6.800 585 91.89
2006-05 10 2,200,209.62 0.63 355 41.71 7.367 579 84.38
2006-06 21 6,358,925.31 1.83 356 40.86 7.095 596 89.64
2006-07 31 6,600,989.95 1.90 357 39.73 7.517 602 87.87
2006-08 126 29,505,529.82 8.47 358 38.98 7.635 607 85.97
2006-09 521 159,272,474.71 45.74 359 39.57 7.400 600 83.66
2006-10 24 7,460,577.97 2.14 359 40.90 7.731 603 87.96
2006-11 33 8,620,720.53 2.48 359 39.75 7.575 600 81.06
2006-12 163 46,232,127.79 13.28 360 40.15 7.402 598 84.40
2007-04 1 110,655.23 0.03 354 54.00 9.350 511 75.00
2007-05 1 416,335.40 0.12 355 41.00 5.850 628 90.00
2007-06 2 257,483.47 0.07 356 22.66 8.194 513 70.34
2007-07 13 3,294,276.50 0.95 357 38.53 7.091 633 93.43
2007-08 22 5,099,735.29 1.46 358 39.13 7.426 627 89.79
2007-09 160 53,390,055.91 15.33 359 40.29 7.306 615 85.66
2007-10 5 1,800,728.56 0.52 359 37.59 7.611 663 87.76
2007-11 5 1,617,433.53 0.46 359 42.68 7.590 641 86.36
2007-12 54 15,096,750.00 4.34 360 38.99 7.324 606 85.82
-----------------------------------------------------------------------------------------------------------------------------------
Total: 1,195 348,225,144.46 100.00 359 39.74 7.408 604 84.81
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
INITIAL PERIODIC MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATE CAP (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2.000 1,195 348,225,144.46 100.00 359 39.74 7.408 604 84.81
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,195 348,225,144.46 100.00 359 39.74 7.408 604 84.81
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
SUBSEQUENT PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
SUBSEQUENT NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PERIODIC MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATE CAP (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
1.000 1,195 348,225,144.46 100.00 359 39.74 7.408 604 84.81
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,195 348,225,144.46 100.00 359 39.74 7.408 604 84.81
-----------------------------------------------------------------------------------------------------------------------------------
