EXHIBIT 99.2
The mortgage loans delivered to the Trust Fund on the Closing Date (the
"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 November 8, 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 16, 2004. Pursuant to the Pooling and Servicing
Agreement, dated as of November 1, 2004 (the "Pooling and Servicing Agreement"),
among the Depositor, the Master Servicer, the Trustee and the Trust
Administrator, 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"), loan group II (the "Group II Mortgage Loans") and loan group III (the
"Group III Mortgage Loans") have aggregate principal balances as of the Cut-off
Date of approximately $2,818,168,538.15, $587,134,384.25 and $894,697,348.18,
respectively. Each of the Group I Mortgage Loans and the Group II Mortgage Loans
will 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 III Mortgage Loans will 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 and second liens on
residential properties (the "Mortgaged Properties") consisting of attached,
detached or semi-detached one-to four-family dwelling units, individual
condominium units or individual units in planned unit developments 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. Approximately 1.14% of the Group I Mortgage Loans,
approximately 1.45% of the Group II Mortgage Loans and approximately 1.61% of
the Group III Mortgage Loans are secured by second liens, in each case by
aggregate scheduled principal balance of the related loan group as of the
Cut-off Date.
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 94.92% and 5.08% of the Mortgage Loans, in each case, by
aggregate scheduled principal balance as of the Cut-off Date, were originated or
acquired by the Seller's wholesale lending affiliates, Argent Mortgage Company,
LLC ("Argent") and Olympus Mortgage Company ("Olympus"), 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 71.97% of the
adjustable-rate Group I Mortgage Loans, approximately 74.65% of the
adjustable-rate Group II Mortgage Loans and approximately 77.31% of the
adjustable-rate Group III Mortgage Loans will occur after an initial period of
two years after origination, and the first adjustment for approximately 28.03%
of the adjustable-rate Group I
Mortgage Loans, approximately 25.35% of the adjustable-rate Group II Mortgage
Loans and approximately 22.69% of the adjustable-rate Group III 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 (as defined below) and a fixed percentage amount (the "Gross
Margin"). The Mortgage Rate on each adjustable-rate Mortgage Loan will not
decrease on the first related Adjustment Date, will not increase by more than
2.000% per annum on the first related Adjustment Date (the "Initial Periodic
Rate Cap") and will not increase or decrease by more than 1.000% per annum on
any Adjustment Date thereafter (the "Periodic Rate Cap"). Each Mortgage Rate on
each adjustable-rate Mortgage Loan will not exceed a specified maximum Mortgage
Rate over the life of such Mortgage Loan (the "Maximum Mortgage Rate") or be
less than a specified minimum Mortgage Rate over the life of such Mortgage Loan
(the "Minimum Mortgage Rate"). Effective with the first monthly payment due on
each adjustable-rate Mortgage Loan after each related Adjustment Date, the
monthly payment amount will be adjusted to an amount that will amortize fully
the outstanding principal balance of the related Mortgage Loan over its
remaining term, and pay interest at the Mortgage Rate as so adjusted. Due to the
application of the Periodic Rate Caps and the Maximum Mortgage Rates, the
Mortgage Rate on each such adjustable-rate Mortgage Loan, as adjusted on any
related Adjustment Date, may be less than the sum of the Index and the related
Gross Margin, rounded as described herein. None of the adjustable-rate Mortgage
Loans permits the related mortgagor to convert the adjustable Mortgage Rate
thereon to a fixed Mortgage Rate.
The Mortgage Loans will have scheduled monthly payments due on the first
day of the month (with respect to each Mortgage Loan, a "Due Date"). Each
Mortgage Loan will contain a customary "due-on-sale" clause which provides that
(subject to state and federal restrictions) the Mortgage Loan must be repaid at
the time of sale of the related mortgaged property or with the consent of the
holder of the mortgage note assumed by a creditworthy purchaser of the related
mortgaged property.
None of the Mortgage Loans will be buydown mortgage loans.
Approximately 67.29% of the Group I Mortgage Loans, approximately 71.62%
of the Group II Mortgage Loans and approximately 74.25% of the Group III
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. See
"Legal Aspects of Mortgage Assets--Enforceability of Certain
Provisions--Prepayment Charges" in the prospectus.
Collateral Type
--------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE % OF PRINCIPAL REMAINING DEBT-
NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES
COLLATERAL TYPE LOANS DATE DATE (months) (%) (%) FICO OLTV (%)
--------------------------------------------------------------------------------------------------------------------------------
2 YEAR ARMS 14,388 $ 2,541,528,428.11 59.11% 359 39.44 7.492 601 83.41
3 YEAR ARMS 5,038 920,139,473.16 21.40 359 38.64 7.361 615 84.06
FIXED 5,825 838,332,369.31 19.50 350 38.89 7.189 631 80.25
================================================================================================================================
Total: 25,251 $ 4,300,000,270.58 100.00% 357 39.16 7.405 610 82.93
--------------------------------------------------------------------------------------------------------------------------------
Principal Balances at Origination
--------------------------------------------------------------------------------------------------------------------------------
RANGE OF PRINCIPAL % OF REMAINING DEBT-
PRINCIPAL NUMBER OF BALANCE PRINCIPAL TERM TO TO- MORTGAGE
BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
AT ORIGINATION ($) LOANS ORIGINATION ORIGINATION (months)* (%)* (%)* FICO OLTV (%)*
--------------------------------------------------------------------------------------------------------------------------------
Less than 50,000.00 979 $ 35,816,175.00 0.83% 349 36.33 10.345 637 91.31
50,000.01 - 100,000.00 6,870 515,693,501.00 11.98 353 36.24 8.137 604 83.64
100,000.01 - 150,000.00 5,892 732,784,843.00 17.03 357 38.10 7.620 603 83.36
150,000.01 - 200,000.00 4,072 708,040,132.00 16.45 358 39.15 7.479 604 82.39
200,000.01 - 250,000.00 2,545 570,383,106.00 13.25 358 39.81 7.283 608 81.89
250,000.01 - 300,000.00 1,784 489,382,269.00 11.37 358 40.50 7.152 608 82.14
300,000.01 - 350,000.00 1,149 372,412,292.00 8.65 358 40.67 7.085 617 83.47
350,000.01 - 400,000.00 770 288,636,136.00 6.71 359 40.47 7.018 623 84.13
400,000.01 - 450,000.00 432 183,840,013.00 4.27 358 40.68 7.073 627 84.57
450,000.01 - 500,000.00 386 185,485,736.00 4.31 358 39.00 7.066 627 83.53
500,000.01 - 550,000.00 140 73,678,333.00 1.71 356 40.40 6.748 623 81.65
550,000.01 - 600,000.00 100 57,419,368.00 1.33 357 39.81 6.776 606 81.8
600,000.01 - 650,000.00 54 34,203,353.00 0.79 357 39.67 6.760 622 81.35
650,000.01 - 700,000.00 31 21,052,400.00 0.49 359 42.19 6.695 612 78.28
700,000.01 - 750,000.00 47 34,701,372.00 0.81 359 38.15 6.712 618 75.08
================================================================================================================================
Total: 25,251 $ 4,303,529,029.00 100.00% 357 39.16 7.405 610 82.93
--------------------------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
Principal Balances as of the Cut-Off Date
--------------------------------------------------------------------------------------------------------------------------------
% OF
RANGE OF PRINCIPAL PRINCIPAL
PRINCIPAL BALANCE BALANCE AS REMAINING DEBT-
BALANCES AS NUMBER OF AS OF OF TERM TO TO- MORTGAGE
OF THE CUT-OFF MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES
DATE ($) LOANS DATE DATE (months) (%) (%) FICO OLTV (%)
--------------------------------------------------------------------------------------------------------------------------------
Less than 50,000.00 992 $ 36,435,863.09 0.85% 349 36.31 10.304 636 91.13
50,000.01 - 100,000.00 6,859 514,829,156.04 11.97 353 36.25 8.137 604 83.64
100,000.01 - 150,000.00 5,899 733,341,429.89 17.05 357 38.09 7.620 603 83.38
150,000.01 - 200,000.00 4,064 706,333,809.16 16.43 358 39.16 7.479 604 82.38
200,000.01 - 250,000.00 2,547 570,473,035.06 13.27 358 39.81 7.282 608 81.89
250,000.01 - 300,000.00 1,783 488,809,786.04 11.37 358 40.48 7.153 608 82.13
300,000.01 - 350,000.00 1,148 371,841,870.51 8.65 358 40.68 7.085 617 83.49
350,000.01 - 400,000.00 771 288,834,986.06 6.72 359 40.49 7.015 624 84.13
400,000.01 - 450,000.00 432 183,787,726.54 4.27 358 40.61 7.080 627 84.57
450,000.01 - 500,000.00 384 184,418,426.43 4.29 358 39.03 7.066 626 83.51
500,000.01 - 550,000.00 140 73,626,418.34 1.71 356 40.40 6.749 623 81.65
550,000.01 - 600,000.00 100 57,378,753.41 1.33 357 39.81 6.776 606 81.8
600,000.01 - 650,000.00 54 34,179,599.35 0.79 357 39.67 6.760 622 81.35
650,000.01 - 700,000.00 31 21,036,794.24 0.49 359 42.19 6.696 612 78.28
700,000.01 - 750,000.00 47 34,672,616.42 0.81 359 38.15 6.712 618 75.08
================================================================================================================================
Total: 25,251 $ 4,300,000,270.58 100.00% 357 39.16 7.405 610 82.93
--------------------------------------------------------------------------------------------------------------------------------
Remaining Term to Maturity
-----------------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
RANGE OF NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MONTHS MORTGAGE AS OF THE CUT-OFF MATURITY TO- RATES
REMAINING LOANS THE CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
-----------------------------------------------------------------------------------------------------------------------------------
121 - 180 260 $ 26,939,979.01 0.63% 179 36.94 7.185 616 74.42
181 - 240 236 27,940,239.96 0.65 239 39.54 7.200 621 79.99
301 - 360 24,755 4,245,120,051.61 98.72 359 39.17 7.408 610 83.00
====================================================================================================================================
Total: 25,251 $ 4,300,000,270.58 100.00% 357 39.16 7.405 610 82.93
-----------------------------------------------------------------------------------------------------------------------------------
Mortgage Rate
-----------------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
RANGE OF CURRENT MORTGAGE AS OF THE CUT-OFF MATURITY TO- RATES
MORTGAGE RATES (%) LOANS THE CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 190 $ 49,820,021.20 1.16% 358 40.64 5.406 643 77.69
5.500 - 5.999 1,714 445,109,316.81 10.35 355 39.89 5.759 647 77.17
6.000 - 6.499 2,183 466,322,068.31 10.84 357 39.33 6.246 633 79.93
6.500 - 6.999 3,937 781,525,204.69 18.18 357 39.18 6.747 622 82.05
7.000 - 7.499 3,482 612,753,977.45 14.25 357 39.04 7.238 613 83.40
7.500 - 7.999 4,696 776,114,998.58 18.05 358 39.06 7.738 599 85.13
8.000 - 8.499 2,873 436,242,627.09 10.15 358 38.96 8.226 591 85.59
8.500 - 8.999 2,632 371,463,592.80 8.64 357 38.65 8.707 581 85.79
9.000 - 9.499 1,289 161,535,430.67 3.76 357 38.31 9.212 573 85.20
9.500 - 9.999 731 85,367,988.84 1.99 357 40.11 9.708 565 82.79
10.000 - 10.499 312 34,443,147.16 0.8 357 39.14 10.22 567 80.98
10.500 - 10.999 380 32,598,791.75 0.76 356 39.79 10.72 584 82.90
11.000 - 11.499 368 22,478,395.88 0.52 356 37.91 11.19 616 90.15
11.500 - 11.999 205 11,530,599.24 0.27 357 39.19 11.662 602 88.6
12.000 - 12.499 214 10,910,169.73 0.25 356 38.68 12.242 623 96.66
12.500 - 12.999 45 1,783,940.38 0.04 356 37.43 12.591 632 98.67
====================================================================================================================================
Total: 25,251 $ 4,300,000,270.58 100.00% 357 39.16 7.405 610 82.93
-----------------------------------------------------------------------------------------------------------------------------------
Original Loan-to-Value Ratios
------------------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
RANGE OF PRINCIPAL BALANCE AS REMAINING
ORIGINAL NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
LOAN-TO-VALUE MORTGAGE AS OF THE CUT-OFF MATURITY TO- RATES
RATIOS (%) LOANS THE CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 25.00 18 $ 2,081,818.92 0.05% 355 42.71 7.193 563 18.70
25.01 - 30.00 29 3,121,024.38 0.07 342 34.81 6.706 587 27.92
30.01 - 35.00 33 4,341,839.63 0.10 351 40.40 6.768 619 33.22
35.01 - 40.00 78 9,463,856.80 0.22 349 34.88 6.827 600 37.55
40.01 - 45.00 124 17,417,459.45 0.41 349 39.06 7.034 600 42.60
45.01 - 50.00 185 31,848,431.64 0.74 353 40.37 6.937 596 47.96
50.01 - 55.00 219 36,138,273.10 0.84 349 37.56 7.016 598 52.97
55.01 - 60.00 399 71,556,138.47 1.66 355 39.54 7.234 588 57.97
60.01 - 65.00 766 142,057,267.08 3.30 356 40.26 7.192 582 63.57
65.01 - 70.00 1,179 211,144,897.14 4.91 356 40.37 7.400 579 68.71
70.01 - 75.00 2,010 366,264,040.75 8.52 356 40.79 7.361 581 74.07
75.01 - 80.00 5,581 997,463,227.77 23.20 358 38.73 6.990 620 79.60
80.01 - 85.00 2,911 523,203,998.74 12.17 357 38.70 7.214 597 84.46
85.01 - 90.00 6,790 1,131,969,761.35 26.32 358 38.61 7.617 606 89.72
90.01 - 95.00 3,431 647,663,811.58 15.06 358 39.87 7.596 641 94.80
95.01 -100.00 1,498 104,264,423.78 2.42 356 37.77 9.865 665 99.99
====================================================================================================================================
Total: 25,251 $4,300,000,270.58 100.00% 357 39.16 7.405 610 82.93
------------------------------------------------------------------------------------------------------------------------------------
FICO Score at Origination
------------------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE CUT-OFF MATURITY TO- RATES
RANGE OF FICO SCORES LOANS THE CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
500 - 519 1,534 $ 236,445,411.99 5.50% 358 41.84 8.359 510 76.85
520 - 539 2,265 365,455,297.82 8.50 358 40.40 8.065 530 78.35
540 - 559 2,612 426,304,589.84 9.91 357 40.67 7.837 551 80.14
560 - 579 2,272 391,217,091.74 9.10 357 39.96 7.659 569 81.06
580 - 599 2,672 460,579,880.41 10.71 357 39.56 7.414 589 82.68
600 - 619 3,359 575,507,080.12 13.38 357 39.16 7.24 609 84.63
620 - 639 3,070 529,321,143.27 12.31 356 38.56 7.133 629 85.15
640 - 659 2,477 426,669,730.51 9.92 356 38.43 7.085 650 85.57
660 - 679 1,775 302,035,370.25 7.02 358 37.69 7.064 668 84.97
680 - 699 1,408 258,351,417.46 6.01 357 37.56 6.914 688 85.15
700 - 719 785 139,997,098.14 3.26 358 37.39 7.005 709 85.68
720 - 739 473 84,715,642.06 1.97 357 36.53 6.964 729 84.88
740 - 759 307 55,006,480.16 1.28 358 38.12 6.998 750 86.18
760 - 779 153 29,764,496.48 0.69 356 35.91 6.776 769 81.9
780 - 799 81 17,518,538.72 0.41 358 32.51 6.577 788 82.51
800 - 819 8 1,111,001.61 0.03 358 35.12 7.233 804 71.22
====================================================================================================================================
Total: 25,251 $4,300,000,270.58 100.00% 357 39.16 7.405 610 82.93
------------------------------------------------------------------------------------------------------------------------------------
Debt-to-Income Ratio
------------------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
RANGE OF NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
DEBT-TO-INCOME MORTGAGE AS OF THE CUT-OFF MATURITY TO- RATES
RATIOS (%) LOANS THE CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
-----------------------------------------------------------------------------------------------------------------------------------
<= 20.00 1,455 $ 218,412,339.43 5.08% 356 14.11 7.512 625 82.50
20.01 - 25.00 1,394 199,759,229.29 4.65 357 23.24 7.430 620 82.24
25.01 - 30.00 2,238 328,534,836.13 7.64 357 28.21 7.448 614 82.12
30.01 - 35.00 3,255 495,263,115.86 11.52 357 33.16 7.423 614 83.17
35.01 - 40.00 4,559 767,205,531.93 17.84 357 38.19 7.418 616 83.50
40.01 - 45.00 6,005 1,061,081,636.17 24.68 358 43.09 7.376 615 83.83
45.01 - 50.00 5,520 1,061,983,829.81 24.70 357 48.05 7.382 599 84.31
50.01 - 55.00 825 167,759,751.96 3.90 357 53.11 7.367 571 68.17
====================================================================================================================================
Total: 25,251 $ 4,300,000,270.58 100.00% 357 39.16 7.405 610 82.93
------------------------------------------------------------------------------------------------------------------------------------
Geographic Distribution
------------------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE CUT-OFF MATURITY TO- RATES
STATE LOANS THE CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Alaska 73 $ 11,792,026.07 0.27% 359 39.12 7.224 622 84.37
Alabama 224 21,102,286.47 0.49 352 37.99 7.973 588 85.12
Arkansas 40 4,085,439.14 0.10 357 37.16 7.958 601 83.51
Arizona 1,320 156,021,620.83 3.63 356 37.58 7.603 612 85.85
California 4,838 1,278,976,980.46 29.74 358 40.62 6.929 611 79.34
Colorado 491 81,348,357.81 1.89 359 38.15 7.262 615 85.81
Connecticut 350 69,353,137.89 1.61 358 38.92 7.648 606 82.96
Delaware 53 7,221,405.38 0.17 355 38.25 7.899 599 85.88
Florida 2,438 345,070,815.53 8.02 356 39.33 7.621 609 84.59
Georgia 652 88,380,183.49 2.06 357 37.14 7.816 610 86.94
Hawaii 232 66,148,848.67 1.54 356 40.17 6.43 642 79.98
Iowa 167 15,060,561.63 0.35 357 37.85 7.905 594 85.53
Idaho 43 4,693,330.72 0.11 357 36.39 7.48 619 84.50
Illinois 2,230 373,068,820.44 8.68 358 39.05 7.633 620 86.06
Indiana 582 49,211,463.89 1.14 357 36.27 7.915 609 86.95
Kansas 121 12,162,565.63 0.28 357 39.28 8.035 588 85.70
Kentucky 134 14,103,411.65 0.33 356 37.55 7.692 584 85.53
Louisiana 212 21,582,270.60 0.50 353 36.73 7.799 596 84.88
Massachusetts 457 105,368,681.68 2.45 358 39.8 7.385 620 81.52
Maryland 712 132,354,046.24 3.08 357 38.89 7.445 599 82.59
Maine 58 7,333,225.90 0.17 355 39.68 7.221 591 83.46
Michigan 1,464 166,804,026.11 3.88 358 38.16 7.846 597 85.69
Minnesota 445 76,978,443.02 1.79 359 39.5 7.556 613 84.72
Missouri 563 55,959,612.11 1.30 358 36.14 8.058 592 84.96
Mississippi 142 13,826,530.20 0.32 356 37.11 8.143 593 87.75
Montana 9 1,244,585.52 0.03 345 45.13 8.266 591 83.59
North Carolina 299 29,318,977.58 0.68 353 35.84 7.896 593 84.17
North Dakota 14 1,867,290.26 0.04 345 36.73 7.009 653 82.90
Nebraska 99 9,578,285.10 0.22 358 35.89 7.64 608 85.32
New Hampshire 54 10,574,265.39 0.25 359 41.2 7.244 600 80.88
New Jersey 518 116,581,480.00 2.71 358 38.41 7.344 613 82.83
New Mexico 69 7,588,310.08 0.18 359 36.03 8.078 613 85.69
Nevada 601 111,974,614.13 2.60 359 39.42 7.545 608 82.21
New York 1,063 294,454,515.71 6.85 358 39.38 7.386 620 82.64
Ohio 516 47,094,316.49 1.10 350 38.1 7.77 601 87.87
Oklahoma 150 13,466,664.40 0.31 356 36.27 8.446 596 88.33
Oregon 164 23,709,063.57 0.55 358 39.76 7.584 608 82.15
Pennsylvania 580 69,739,052.20 1.62 354 37.78 7.678 593 84.38
Rhode Island 171 31,939,431.12 0.74 357 38.29 7.51 627 82.12
South Carolina 184 16,144,684.96 0.38 357 37.25 8.063 586 82.52
South Dakota 17 2,183,046.92 0.05 346 40.71 7.471 622 85.88
Tennessee 347 33,191,718.53 0.77 353 38.61 8.045 601 87.82
Texas 1,095 126,498,163.76 2.94 351 36.34 7.979 592 84.13
Utah 311 38,780,541.60 0.90 358 36.93 7.521 628 85.60
Vermont 8 1,200,714.52 0.03 360 44.73 7.358 582 78.03
Washington 456 75,871,513.89 1.76 358 38.56 7.615 610 84.88
Wisconsin 467 56,629,534.76 1.32 359 39.13 7.997 594 85.90
Wyoming 18 2,361,408.53 0.05 354 40.67 7.202 601 85.18
====================================================================================================================================
Total: 25,251 $ 4,300,000,270.58 100.00% 357 39.16 7.405 610 82.93
------------------------------------------------------------------------------------------------------------------------------------
Occupancy Status
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
OCCUPANCY MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES
STATUS* LOANS DATE DATE (months) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 21,929 $ 3,870,066,964.81 90.00% 357 39.92 7.358 606 82.77
Non-owner Occupied 3,053 386,061,496.25 8.98 357 31.55 7.904 645 84.63
Second Home 269 43,871,809.52 1.02 356 38.89 7.160 645 82.50
====================================================================================================================================
Total: 25,251 $ 4,300,000,270.58 100.00% 357 39.16 7.405 610 82.93
------------------------------------------------------------------------------------------------------------------------------------
* Based on mortgagor representation at origination.
Documentation Type
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
INCOME MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES
DOCUMENTATION LOANS DATE DATE (months) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Full Docs 14,338 $ 2,291,780,029.72 53.30% 357 39.62 7.151 597 82.01
Stated Docs 9,313 1,711,426,842.95 39.80 358 39.07 7.747 630 84.18
Limited Docs 1,600 296,793,397.91 6.90 357 36.14 7.394 597 82.79
====================================================================================================================================
Total: 25,251 $ 4,300,000,270.58 100.00% 357 39.16 7.405 610 82.93
------------------------------------------------------------------------------------------------------------------------------------
Loan Purpose
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES
PURPOSE LOANS DATE DATE (months) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Refi-Cashout** 14,642 $ 2,669,307,990.21 62.08% 357 39.89 7.296 595 80.53
Purchase 9,290 1,443,932,224.66 33.58 358 37.85 7.615 639 87.45
Refi No Cashout*** 1,319 186,760,055.71 4.34 355 38.88 7.331 605 82.28
====================================================================================================================================
Total: 25,251 $ 4,300,000,270.58 100.00% 357 39.16 7.405 610 82.93
------------------------------------------------------------------------------------------------------------------------------------
** Cash proceeds to the borrower inclusive of debt consolidation payments
exceed 2% or $2,000 of the original principal balance of the related loan.
Also includes all home equity loans originated in Texas with any cash
proceeds.
*** Cash proceeds to the borrower inclusive of debt consolidation payments do
not exceed 2% or $2,000 of the original principal balance of the related
loan. Excludes home equity loans originated in Texas with any cash
proceeds.
Credit Grade
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES
RISK CATEGORY LOANS DATE DATE (months) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
1 7,448 $ 2,899,904,373.45 67.44% 357 38.69 7.247 626 84.62
2 1,896 352,377,817.79 8.19 357 39.72 7.471 584 82.52
3 1,979 347,855,653.05 8.09 357 39.34 7.445 578 82.14
4 1,606 264,043,666.48 6.14 357 40.49 7.804 567 78.62
5 924 166,496,811.14 3.87 359 40.99 8.065 553 70.70
6 273 51,076,517.03 1.19 359 42.77 9.662 547 66.66
A+ 524 105,632,301.25 2.46 359 39.81 7.415 617 83.58
A 276 47,561,123.38 1.11 355 40.23 7.545 600 81.46
X- 00 16,352,951.61 0.38 358 41.15 8.345 553 78.92
B 82 15,204,478.85 0.35 357 39.48 8.597 549 75.01
C 86 15,767,598.92 0.37 359 42.99 9.065 537 69.38
C- 78 17,726,977.63 0.41 358 41.60 8.799 565 78.74
====================================================================================================================================
Total: 5,251 $ 4,300,000,270.58 100.00% 357 39.16 7.405 610 82.93
------------------------------------------------------------------------------------------------------------------------------------
Property Type
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES
PROPERTY TYPE LOANS DATE DATE (months) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Single Family Detached 18,783 $ 3,169,294,252.91 73.70% 357 39.48 7.383 605 82.81
Two-to-Four Family 1,922 400,709,094.19 9.32 358 37.09 7.548 638 83.32
PUD - Detached 1,881 361,116,868.60 8.40 357 39.43 7.394 605 83.82
Condominium 1,605 252,167,303.38 5.86 358 38.41 7.451 627 84.61
Manufactured / Mobile 917 92,369,301.23 2.15 354 37.83 7.425 623 76.66
PUD-Attached 101 17,682,158.13 0.41 358 40.07 7.611 607 84.79
Single Family Attached 42 6,661,292.14 0.15 357 39.34 7.515 627 86.10
====================================================================================================================================
Total: 25,251 $ 4,300,000,270.58 100.00% 357 39.16 7.405 610 82.93
------------------------------------------------------------------------------------------------------------------------------------
Prepayment Charge Term at Origination
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
PREPAYMENT CHARGE NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
TERM AT MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES
ORIGINATION (months) LOANS DATE DATE (months) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
0 8,372 $ 1,318,943,994.00 30.67% 357 38.77 7.696 613 84.65
12 932 207,955,379.23 4.84 358 38.63 7.483 624 82.15
24 8,686 1,504,028,438.44 34.98 359 39.24 7.494 602 82.95
36 7,261 1,269,072,458.91 29.51 355 39.56 6.985 614 81.26
====================================================================================================================================
Total: 5,251 $ 4,300,000,270.58 100.00% 357 39.16 7.405 610 82.93
------------------------------------------------------------------------------------------------------------------------------------
Conforming Balance
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES
CONFORMING BALANCE LOANS DATE DATE (months) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Conforming Balance 23,154 $ 3,424,133,613.65 79.63% 357 38.84 7.497 608 82.82
Non-Conforming Balance 2,097 875,866,656.93 20.37 358 40.40 7.044 619 83.35
====================================================================================================================================
Total: 25,251 $ 4,300,000,270.58 100.00% 357 39.16 7.405 610 82.93
------------------------------------------------------------------------------------------------------------------------------------
Maximum Mortgage Rates of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE
RATE % OF
MORTGAGE PRINCIPAL
LOANS BALANCE REMAINING DEBT-
RANGE OF MAXIMUM NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
MORTGAGE MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES
RATES (%) LOANS DATE DATE (months) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 156 $ 39,514,696.24 1.14% 358 41.82 5.403 636 79.97
11.500 - 11.999 990 238,990,196.77 6.90 358 40.05 5.752 635 78.77
12.000 - 12.499 1,650 355,545,623.11 10.27 359 39.24 6.254 632 81.08
12.500 - 12.999 3,139 633,462,042.28 18.30 359 39.19 6.748 621 82.71
13.000 - 13.499 2,920 529,466,310.11 15.30 359 39.30 7.237 611 84.06
13.500 - 13.999 3,961 681,736,886.34 19.69 359 39.09 7.738 598 85.50
14.000 - 14.499 2,450 387,875,998.81 11.20 359 38.94 8.226 589 85.78
14.500 - 14.999 2,226 327,906,827.46 9.47 358 38.73 8.710 579 85.95
15.000 - 15.499 1,058 140,729,589.05 4.07 359 38.42 9.207 570 85.14
15.500 - 15.999 510 70,381,255.47 2.03 359 40.60 9.714 557 81.65
16.000 - 16.499 173 25,539,396.45 0.74 359 39.73 10.205 551 77.28
16.500 - 16.999 111 18,572,475.64 0.54 359 41.22 10.702 534 71.79
17.000 - 17.499 41 6,671,525.46 0.19 359 38.86 11.149 523 69.62
17.500 - 17.999 30 4,255,991.90 0.12 359 41.76 11.640 526 69.83
18.000 - 18.499 10 951,502.91 0.03 359 39.39 12.168 517 71.21
18.500 - 18.999 1 67,583.27 0.00 359 45.00 12.650 543 65.00
====================================================================================================================================
Total: 19,426 $ 3,461,667,901.27 100.00% 359 39.22 7.457 605 83.58
------------------------------------------------------------------------------------------------------------------------------------
Minimum Mortgage Rates of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE
RATE % OF
MORTGAGE PRINCIPAL
LOANS BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
RANGE OF MAXIMUM MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES
MORTGAGE RATES (%) LOANS DATE DATE (months) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 156 $ 39,514,696.24 1.14% 358 41.82 5.403 636 79.97
5.500 - 5.999 990 238,990,196.77 6.90 358 40.05 5.752 635 78.77
6.000 - 6.499 1,650 355,545,623.11 10.27 359 39.24 6.254 632 81.08
6.500 - 6.999 3,139 633,462,042.28 18.30 359 39.19 6.748 621 82.71
7.000 - 7.499 2,920 529,466,310.11 15.30 359 39.30 7.237 611 84.06
7.500 - 7.999 3,961 681,736,886.34 19.69 359 39.09 7.738 598 85.50
8.000 - 8.499 2,450 387,875,998.81 11.20 359 38.94 8.226 589 85.78
8.500 - 8.999 2,226 327,906,827.46 9.47 358 38.73 8.710 579 85.95
9.000 - 9.499 1,058 140,729,589.05 4.07 359 38.42 9.207 570 85.14
9.500 - 9.999 510 70,381,255.47 2.03 359 40.60 9.714 557 81.65
10.000 - 10.499 173 25,539,396.45 0.74 359 39.73 10.205 551 77.28
10.500 - 10.999 111 18,572,475.64 0.54 359 41.22 10.702 534 71.79
11.000 - 11.499 41 6,671,525.46 0.19 359 38.86 11.149 523 69.62
11.500 - 11.999 30 4,255,991.90 0.12 359 41.76 11.640 526 69.83
12.000 - 12.499 10 951,502.91 0.03 359 39.39 12.168 517 71.21
12.500 - 12.999 1 67,583.27 0.00 359 45.00 12.650 543 65.00
====================================================================================================================================
Total: 19,426 $ 3,461,667,901.27 100.00% 359 39.22 7.457 605 83.58
------------------------------------------------------------------------------------------------------------------------------------
Margins of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
BALANCE OF PRINCIPAL
ADJUSTABLE RATE BALANCE REMAINING DEBT-
RANGE OF NUMBER OF MORTGAGE LOANS AS OF TERM TO TO- MORTGAGE
MORTGAGE MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
MARGINS (%) LOANS THE CUT-OFF DATE DATE (months) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 267 $ 45,522,638.53 1.32% 357 38.76 7.354 611 85.05
4.750 - 4.999 1 212,503.93 0.01 353 53.00 10.050 512 70.00
5.000 - 5.249 939 167,820,654.95 4.85 359 38.67 7.538 624 86.51
5.500 - 5.749 770 159,881,484.40 4.62 359 39.97 7.566 601 83.08
6.000 - 6.249 17,147 3,036,474,036.18 87.72 359 39.19 7.428 605 83.57
6.250 - 6.499 3 553,774.73 0.02 359 45.91 6.481 577 88.69
6.500 - 6.749 171 27,581,107.77 0.80 358 39.06 8.177 572 79.35
6.750 - 6.999 2 486,500.00 0.01 360 45.99 6.954 574 87.57
7.000 - 7.249 126 23,135,200.78 0.67 359 42.84 9.374 535 69.57
====================================================================================================================================
Total: 19,426 $ 3,461,667,901.27 100.00% 359 39.22 7.457 605 83.58
------------------------------------------------------------------------------------------------------------------------------------
Next Rate Adjustment Date of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
BALANCE OF PRINCIPAL
ADJUSTABLE RATE BALANCE REMAINING DEBT-
NEXT RATE NUMBER OF MORTGAGE LOANS AS OF TERM TO TO- MORTGAGE
ADJUSTMENT MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
DATE LOANS THE CUT-OFF DATE DATE (months) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2006-03 2 $ 589,008.85 0.02% 352 47.09 5.821 598 78.84
2006-04 47 7,394,549.56 0.21 353 40.88 7.567 557 78.28
2006-05 47 5,008,859.17 0.14 354 39.65 7.494 577 82.63
2006-06 114 19,225,659.53 0.56 355 40.70 7.498 574 78.39
2006-07 158 28,116,668.33 0.81 355 40.04 7.730 580 83.19
2006-08 94 16,113,405.27 0.47 357 40.37 7.496 591 84.83
2006-09 1,167 191,017,876.44 5.52 358 39.36 7.468 592 83.25
2006-10 9,046 1,619,715,806.60 46.79 359 39.37 7.495 604 83.38
2006-11 1,324 234,901,331.36 6.79 359 39.71 7.618 600 83.90
2006-12 2,200 395,539,389.00 11.43 360 39.47 7.397 600 83.61
2007-01 189 23,905,874.00 0.69 358 38.48 7.593 606 83.69
2007-03 2 193,107.03 0.01 352 25.04 7.976 580 87.24
2007-04 16 2,729,117.80 0.08 353 39.03 7.030 580 80.26
2007-05 11 1,635,620.70 0.05 349 35.42 6.869 607 86.23
2007-06 28 5,185,353.02 0.15 355 39.70 7.482 578 83.27
2007-07 58 9,666,157.28 0.28 356 39.93 7.312 608 80.53
2007-08 43 9,464,098.61 0.27 357 39.82 7.381 597 83.68
2007-09 384 63,628,086.24 1.84 358 39.77 7.343 601 83.67
2007-10 3,203 589,943,116.93 17.04 359 38.64 7.374 617 84.11
2007-11 432 81,712,546.55 2.36 359 38.92 7.453 611 84.62
2007-12 763 143,027,140.00 4.13 360 37.90 7.276 617 83.95
2008-01 98 12,955,129.00 0.37 360 37.81 7.273 628 85.05
====================================================================================================================================
Total: 19,426 $ 3,461,667,901.27 100.00% 359 39.22 7.457 605 83.58
------------------------------------------------------------------------------------------------------------------------------------
Initial Periodic Rate Cap of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
BALANCE OF PRINCIPAL
ADJUSTABLE RATE BALANCE REMAINING DEBT-
INITIAL NUMBER OF MORTGAGE LOANS AS OF TERM TO TO- MORTGAGE
PERIODIC MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
RATE CAP (%) LOANS THE CUT-OFF DATE DATE (months) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2.000 19,426 $ 3,461,667,901.27 100.00% 359 39.22 7.457 605 83.58
====================================================================================================================================
Total: 19,426 $ 3,461,667,901.27 100.00% 359 39.22 7.457 605 83.58
------------------------------------------------------------------------------------------------------------------------------------
Subsequent Periodic Rate Cap of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
BALANCE OF PRINCIPAL
ADJUSTABLE RATE BALANCE REMAINING DEBT-
SUBSEQUENT NUMBER OF MORTGAGE LOANS AS OF TERM TO TO- MORTGAGE
PERIODIC MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
RATE CAP (%) LOANS THE CUT-OFF DATE DATE (months) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
1.000 19,426 $ 3,461,667,901.27 100.00% 359 39.22 7.457 605 83.58
====================================================================================================================================
Total: 19,426 $ 3,461,667,901.27 100.00% 359 39.22 7.457 605 83.58
------------------------------------------------------------------------------------------------------------------------------------
Group I Mortgage Loan Statistics
The Group I Mortgage Loans consist of 18,342 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $2,818,168,538.15, 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
February 2005, or will have a remaining term to stated maturity of less than 173
months or greater than 360 months as of the Cut-off Date. The latest maturity
date of any Group I Mortgage Loan is January 2035.
Collateral Type
-----------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
COLLATERAL TYPE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
-----------------------------------------------------------------------------------------------------------------------------------
2 YEAR ARMS 10,381 $ 1,646,709,153.32 58.43% 359 39.04 7.560 601 83.32
3 YEAR ARMS 3,796 641,201,046.39 22.75 359 38.42 7.381 612 83.68
FIXED 4,165 530,258,338.44 18.82 349 39.25 7.357 625 80.17
===================================================================================================================================
Total: 18,342 $ 2,818,168,538.15 100.00% 357 38.94 7.481 608 82.81
-----------------------------------------------------------------------------------------------------------------------------------
Principal Balances at Origination
-----------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
RANGE OF NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
PRINCIPAL BALANCES MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
AT ORIGINATION ($) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
-----------------------------------------------------------------------------------------------------------------------------------
Less than 50,000.01 761 $ 27,210,108.00 0.96% 348 36.71 10.671 636 93.12
50,000.01 - 100,000.00 4,631 352,435,886.00 12.50 354 36.33 8.068 603 83.44
100,000.01 - 150,000.00 4,775 595,729,235.00 21.12 357 38.07 7.625 603 83.38
150,000.01 - 200,000.00 3,485 605,927,171.00 21.48 358 39.09 7.475 605 82.45
200,000.01 - 250,000.00 2,193 491,780,549.00 17.44 358 39.86 7.288 608 81.86
250,000.01 - 300,000.00 1,521 417,329,941.00 14.80 358 40.57 7.154 608 82.06
300,000.01 - 350,000.00 757 241,364,963.00 8.56 358 40.40 7.069 618 83.41
350,000.01 - 400,000.00 133 50,254,117.00 1.78 358 39.10 7.068 646 83.87
400,000.01 - 450,000.00 52 21,825,237.00 0.77 355 38.28 6.825 655 82.49
450,000.01 - 500,000.00 29 13,965,919.00 0.50 359 34.22 6.876 639 79.15
500,000.01 - 550,000.00 4 2,030,500.00 0.07 359 34.23 6.780 712 85.66
600,000.01 - 650,000.00 1 639,999.00 0.02 359 47.00 6.500 669 82.58
===================================================================================================================================
Total: 18,342 $ 2,820,493,625.00 100.00% 357 38.94 7.481 608 82.81
-----------------------------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
Principal Balance as of the Cut-Off Date
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
RANGE OF PRINCIPAL NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
BALANCES AS OF THE MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
CUT-OFF DATE ($) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Less than 50,000.01 765 $ 27,387,223.34 0.97% 348 36.70 10.650 635 93.01
50,000.01 - 100,000.00 4,629 352,141,585.99 12.50 354 36.34 8.069 603 83.43
100,000.01 - 150,000.00 4,781 596,238,848.08 21.16 357 38.06 7.625 603 83.40
150,000.01 - 200,000.00 3,478 604,450,346.02 21.45 358 39.10 7.475 604 82.43
200,000.01 - 250,000.00 2,195 491,937,011.29 17.46 358 39.87 7.287 608 81.87
250,000.01 - 300,000.00 1,520 416,822,808.46 14.79 358 40.56 7.155 608 82.05
300,000.01 - 350,000.00 755 240,553,563.83 8.54 358 40.40 7.071 618 83.44
350,000.01 - 400,000.00 134 50,610,206.03 1.80 358 39.17 7.057 646 83.92
400,000.01 - 450,000.00 51 21,404,318.99 0.76 355 38.10 6.846 654 82.35
450,000.01 - 500,000.00 29 13,954,444.17 0.50 359 34.22 6.876 639 79.15
500,000.01 - 550,000.00 4 2,028,761.52 0.07 359 34.23 6.780 712 85.66
600,000.01 - 650,000.00 1 639,420.43 0.02 359 47.00 6.500 669 82.58
====================================================================================================================================
Total: 18,342 $ 2,818,168,538.15 100.00% 357 38.94 7.481 608 82.81
------------------------------------------------------------------------------------------------------------------------------------
Stated Remaining Term to Maturity
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
RANGE OF MONTHS MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
REMAINING LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
120 - 180 191 $ 19,475,562.88 0.69% 179 36.63 7.310 616 75.04
180 - 240 167 19,306,681.21 0.69 239 40.46 7.249 622 80.36
300 - 360 17,984 2,779,386,294.06 98.62 359 38.95 7.484 608 82.88
====================================================================================================================================
Total: 18,342 $ 2,818,168,538.15 100.00% 357 38.94 7.481 608 82.81
------------------------------------------------------------------------------------------------------------------------------------
Mortgage Rate
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
RANGE OF CURRENT MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
MORTGAGE RATES (%) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 118 $ 25,363,621.80 0.90% 357 40.95 5.408 647 76.18
5.500 - 5.999 1,069 224,115,038.84 7.95 355 39.85 5.769 642 75.95
6.000 - 6.499 1,568 293,877,961.04 10.43 356 39.20 6.246 635 79.54
6.500 - 6.999 2,841 505,606,583.71 17.94 357 39.09 6.747 625 81.37
7.000 - 7.499 2,561 414,653,447.71 14.71 358 38.88 7.236 613 83.28
7.500 - 7.999 3,554 538,908,523.60 19.12 357 38.60 7.744 598 84.97
8.000 - 8.499 2,149 304,042,680.05 10.79 357 38.69 8.223 588 85.23
8.500 - 8.999 2,023 273,165,130.32 9.69 357 38.62 8.709 581 85.98
9.000 - 9.499 864 105,813,579.07 3.75 358 37.95 9.202 570 84.94
9.500 - 9.999 493 57,935,937.73 2.06 357 40.30 9.707 562 82.81
10.000 - 10.499 225 24,167,474.72 0.86 358 39.22 10.223 566 81.28
10.500 - 10.999 264 19,771,666.76 0.70 356 39.22 10.717 578 82.39
11.000 - 11.499 246 13,740,111.60 0.49 356 37.62 11.206 601 88.08
11.500 - 11.999 160 8,312,361.98 0.29 357 39.07 11.662 599 87.65
12.000 - 12.499 166 7,197,748.51 0.26 355 38.59 12.250 625 97.99
12.500 - 12.999 41 1,496,670.71 0.05 356 36.71 12.602 634 100.00
====================================================================================================================================
Total: 18,342 $ 2,818,168,538.15 100.00% 357 38.94 7.481 608 82.81
------------------------------------------------------------------------------------------------------------------------------------
Original Loan-to-Value Ratios
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
RANGE OF ORIGINAL NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
LOAN-TO-VALUE MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
RATIOS (%) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 25.00 16 $ 1,025,651.42 0.04% 350 34.83 7.185 574 19.52
25.01 - 30.00 20 1,863,386.86 0.07 344 30.67 6.654 591 28.11
30.01 - 35.00 27 3,306,614.53 0.12 349 39.48 6.917 588 33.02
35.01 - 40.00 55 6,868,323.59 0.24 353 34.69 6.908 602 37.48
40.01 - 45.00 99 13,559,421.67 0.48 349 38.22 7.083 594 42.63
45.01 - 50.00 128 21,561,553.78 0.77 353 41.55 7.093 592 48.04
50.01 - 55.00 159 24,819,525.59 0.88 344 38.28 7.035 595 53.00
55.01 - 60.00 271 44,918,654.48 1.59 356 39.39 7.211 588 57.84
60.01 - 65.00 552 95,174,919.25 3.38 356 40.33 7.257 580 63.55
65.01 - 70.00 826 136,462,765.46 4.84 356 40.52 7.502 576 68.71
70.01 - 75.00 1,440 232,780,530.05 8.26 356 40.53 7.433 578 74.06
75.01 - 80.00 4,220 689,047,283.91 24.45 357 38.44 7.049 621 79.67
80.01 - 85.00 2,074 328,188,419.84 11.65 357 38.78 7.372 593 84.49
85.01 - 90.00 4,950 742,914,258.06 26.36 357 38.3 7.714 604 89.74
90.01 - 95.00 2,455 409,600,460.17 14.53 358 39.52 7.675 636 94.81
95.01 - 100.00 1,050 66,076,769.49 2.34 356 37.56 9.842 660 99.98
====================================================================================================================================
Total: 18,342 $ 2,818,168,538.15 100.00% 357 38.94 7.481 608 82.81
------------------------------------------------------------------------------------------------------------------------------------
FICO Score at Origination
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
RANGE OF FICO MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
SCORES LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
500 - 519 1,085 $ 160,746,953.84 5.70% 358 41.58 8.419 510 77.02
520 - 539 1,677 255,371,817.21 9.06 358 40.60 8.127 530 78.66
540 - 559 1,912 286,457,457.72 10.16 357 40.29 7.882 551 80.25
560 - 579 1,657 258,009,669.67 9.16 357 39.68 7.727 569 81.04
580 - 599 1,951 303,315,530.80 10.76 356 39.39 7.467 589 82.86
600 - 619 2,464 376,164,762.60 13.35 357 38.70 7.320 609 84.71
620 - 639 2,267 343,338,510.26 12.18 357 38.21 7.225 629 85.02
640 - 659 1,862 283,566,062.79 10.06 356 38.00 7.166 650 85.10
660 - 679 1,278 193,137,560.42 6.85 357 37.88 7.110 668 84.30
680 - 699 965 158,838,796.53 5.64 357 37.13 6.963 688 84.78
700 - 719 545 89,814,615.74 3.19 358 36.95 6.988 709 85.11
720 - 739 321 50,599,668.84 1.80 356 36.04 7.047 728 84.88
740 - 759 209 34,171,952.49 1.21 357 37.56 7.027 750 86.20
760 - 779 98 16,303,069.63 0.58 353 36.08 6.843 768 82.42
780 - 799 46 7,784,708.12 0.28 359 33.34 6.749 788 83.78
800 - 819 5 547,401.49 0.02 359 32.37 7.745 803 85.91
====================================================================================================================================
Total: 18,342 $ 2,818,168,538.15 100.00% 357 38.94 7.481 608 82.81
------------------------------------------------------------------------------------------------------------------------------------
Debt-to-Income Ratio
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
RANGE OF NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
DEBT-TO-INCOME MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
RATIOS (%) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 20.00 1,020 $ 136,602,415.77 4.85% 356 14.22 7.640 623 82.39
20.01 - 25.00 1,006 137,046,872.94 4.86 357 23.25 7.517 618 82.06
25.01 - 30.00 1,620 223,129,206.89 7.92 357 28.23 7.520 612 82.42
30.01 - 35.00 2,424 344,292,502.30 12.22 357 33.19 7.504 612 83.06
35.01 - 40.00 3,397 527,395,874.59 18.71 357 38.18 7.451 616 83.44
40.01 - 45.00 4,376 688,882,662.83 24.44 357 43.07 7.428 613 83.58
45.01 - 50.00 3,919 654,272,495.03 23.22 356 48.03 7.503 595 84.18
50.01 - 55.00 580 106,546,507.80 3.78 357 53.07 7.435 569 67.77
====================================================================================================================================
Total: 18,342 $ 2,818,168,538.15 100.00% 357 38.94 7.481 608 82.81
------------------------------------------------------------------------------------------------------------------------------------
Geographic Distribution
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
STATE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Alaska 60 $ 10,161,914.95 0.36% 359 39.86 7.189 617 84.28
Alabama 168 15,556,074.80 0.55 351 38.20 8.051 589 85.66
Arkansas 34 3,487,730.94 0.12 356 37.06 7.891 608 84.76
Arizona 975 116,634,277.43 4.14 357 37.79 7.638 611 86.31
California 3,004 625,248,249.93 22.19 357 40.35 7.047 606 77.25
Colorado 402 62,891,511.57 2.23 358 38.16 7.185 618 85.47
Connecticut 269 48,102,856.49 1.71 357 38.12 7.676 605 83.03
Delaware 40 5,235,696.87 0.19 354 37.94 7.776 612 86.29
Florida 1,761 248,633,649.55 8.82 356 39.40 7.618 609 84.64
Georgia 550 71,916,734.52 2.55 356 37.04 7.853 610 86.75
Hawaii 176 48,113,174.75 1.71 354 40.21 6.406 641 79.44
Iowa 113 10,675,001.84 0.38 357 38.15 7.854 597 86.27
Idaho 36 3,947,143.92 0.14 359 36.41 7.449 620 85.39
Illinois 1,842 292,335,010.67 10.37 358 38.97 7.609 618 85.75
Indiana 365 33,414,531.05 1.19 357 36.73 7.861 609 87.31
Kansas 85 8,685,065.27 0.31 359 39.39 7.987 592 85.62
Kentucky 103 11,250,582.73 0.40 355 36.99 7.697 587 86.31
Louisiana 132 14,351,607.42 0.51 352 36.48 7.763 601 85.36
Massachusetts 323 72,362,643.52 2.57 358 40.03 7.255 619 80.21
Maryland 502 88,283,715.39 3.13 358 39.27 7.449 599 82.80
Maine 35 4,862,705.10 0.17 359 41.21 7.304 587 82.92
Michigan 1,003 118,026,677.54 4.19 359 38.23 7.822 599 86.46
Minnesota 361 59,375,651.81 2.11 359 39.73 7.551 613 84.78
Missouri 414 41,558,192.52 1.47 358 36.63 8.049 592 85.49
Mississippi 111 11,209,748.82 0.40 355 36.47 8.073 597 88.17
Montana 9 1,244,585.52 0.04 345 45.13 8.266 591 83.59
North Carolina 263 25,242,858.34 0.90 353 36.16 7.885 593 84.04
North Dakota 10 926,770.34 0.03 347 39.65 7.669 633 89.20
Nebraska 79 7,950,784.17 0.28 357 35.75 7.581 608 85.24
New Hampshire 42 7,587,436.15 0.27 359 40.75 7.417 603 82.28
New Jersey 395 81,038,034.99 2.88 358 37.77 7.320 611 81.96
New Mexico 58 6,133,663.04 0.22 359 35.33 8.057 611 85.14
Nevada 456 78,947,482.02 2.80 359 39.22 7.555 606 81.69
New York 731 174,641,597.53 6.20 358 39.47 7.402 614 81.04
Ohio 344 32,810,313.13 1.16 350 38.48 7.717 603 88.21
Oklahoma 113 9,734,522.91 0.35 355 35.20 8.463 600 87.91
Oregon 132 18,000,596.70 0.64 357 39.51 7.540 608 82.21
Pennsylvania 415 49,986,995.03 1.77 353 38.35 7.636 594 84.53
Rhode Island 137 24,377,679.26 0.87 356 38.40 7.464 632 81.69
South Carolina 164 14,313,388.85 0.51 357 37.60 8.085 586 82.13
South Dakota 14 1,850,570.02 0.07 344 41.00 7.268 638 86.33
Tennessee 248 24,871,103.98 0.88 353 38.54 8.090 599 88.03
Texas 893 101,173,482.18 3.59 352 36.29 8.004 590 84.08
Utah 247 30,107,678.57 1.07 358 37.10 7.515 626 86.14
Vermont 6 835,811.27 0.03 360 46.87 7.668 576 74.93
Washington 351 54,939,211.78 1.95 357 38.72 7.609 610 85.61
Wisconsin 359 43,320,514.17 1.54 359 39.07 7.982 595 86.33
Wyoming 12 1,813,308.80 0.06 359 40.30 7.220 600 85.70
====================================================================================================================================
Total: 18,342 $ 2,818,168,538.15 100.00% 357 38.94 7.481 608 82.81
------------------------------------------------------------------------------------------------------------------------------------
Occupancy Status
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
OCCUPANCY MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
STATUS* LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 15,951 $ 2,515,774,312.31 89.27% 357 39.76 7.438 604 82.60
Non-owner Occupied 2,192 272,874,971.33 9.68 357 31.45 7.916 644 84.59
Second Home 199 29,519,254.51 1.05 354 38.18 7.159 648 83.80
====================================================================================================================================
Total: 18,342 $ 2,818,168,538.15 100.00% 357 38.94 7.481 608 82.81
------------------------------------------------------------------------------------------------------------------------------------
* Based on mortgagor representation at origination.
Documentation Type
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
INCOME MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
DOCUMENTATION LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Full Docs 10,608 $ 1,561,086,119.90 55.39% 356 39.63 7.267 594 82.14
Stated Docs 6,621 1,082,714,939.95 38.42 358 38.44 7.784 630 83.70
Limited Docs 1,113 174,367,478.30 6.19 357 35.83 7.519 596 83.23
====================================================================================================================================
Total: 18,342 $ 2,818,168,538.15 100.00% 357 38.94 7.481 608 82.81
------------------------------------------------------------------------------------------------------------------------------------
Loan Purpose
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
PURPOSE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Refi-Cash Out ** 10,447 $ 1,707,433,121.86 60.59% 356 39.72 7.392 593 80.37
Purchase 6,875 975,300,476.60 34.61 358 37.62 7.643 636 87.04
Refi-No Cashout *** 1,020 135,434,939.69 4.81 355 38.61 7.438 600 83.06
====================================================================================================================================
Total: 18,342 $ 2,818,168,538.15 100.00% 357 38.94 7.481 608 82.81
------------------------------------------------------------------------------------------------------------------------------------
** 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
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
RISK CATEGORY LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
1 12,729 $ 1,912,986,513.03 67.88% 357 38.49 7.322 624 84.45
2 1,372 226,279,878.06 8.03 357 39.31 7.546 584 82.56
3 1,409 222,160,856.63 7.88 357 39.13 7.580 576 82.45
4 1,201 184,391,228.98 6.54 358 40.57 7.848 567 78.64
5 652 105,028,420.99 3.73 358 40.55 8.099 552 70.28
6 187 31,626,798.86 1.12 359 42.22 9.606 550 65.88
A+ 361 63,666,516.02 2.26 359 39.31 7.534 611 82.42
A 198 29,785,136.08 1.06 354 40.33 7.579 603 81.73
X- 00 10,432,699.05 0.37 358 41.01 8.605 549 78.92
B 64 11,389,465.63 0.40 357 40.27 8.730 554 75.03
C 60 10,789,528.76 0.38 359 42.53 9.123 535 68.72
C- 54 9,631,496.06 0.34 358 41.67 9.328 547 77.06
------------------------------------------------------------------------------------------------------------------------------------
Total: 18,342 $ 2,818,168,538.15 100.00% 357 38.94 7.481 608 82.81
------------------------------------------------------------------------------------------------------------------------------------
Property Type
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
PROPERTY TYPE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Single Family Detached 13,493 $ 2,026,699,654.24 71.92% 357 39.26 7.479 602 82.77
Two-to-Four Family 1,399 294,370,109.01 10.45 358 37.00 7.465 637 82.31
PUD Detached 1,404 233,349,414.85 8.28 357 38.99 7.470 604 84.06
Condominium 1,208 172,412,021.09 6.12 359 38.72 7.542 625 84.71
Manufactured/Mobile Housing 724 73,432,600.00 2.61 353 38.06 7.449 620 76.88
PUD-Attached 85 13,792,133.69 0.49 358 40.13 7.630 607 85.41
Single Family Attached 29 4,112,605.27 0.15 359 39.09 7.813 602 83.81
------------------------------------------------------------------------------------------------------------------------------------
Total: 18,342 $ 2,818,168,538.15 100.00% 357 38.94 7.481 608 82.81
------------------------------------------------------------------------------------------------------------------------------------
Prepayment Charge Term
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
ORIGINATION (MOS.) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
0 6,336 $ 921,908,820.91 32.71% 357 38.69 7.679 610 84.11
12 682 126,560,057.15 4.49 357 38.15 7.612 625 82.81
24 6,271 973,011,887.28 34.53 358 38.85 7.574 602 82.83
36 5,053 796,687,772.81 28.27 355 39.46 7.119 611 81.26
------------------------------------------------------------------------------------------------------------------------------------
Total: 18,342 $ 2,818,168,538.15 100.00% 357 38.94 7.481 608 82.81
------------------------------------------------------------------------------------------------------------------------------------
Conforming Balance
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
CONFORMING BALANCE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Conforming Balance 18,342 $ 2,818,168,538.15 100.00% 357 38.94 7.481 608 82.81
------------------------------------------------------------------------------------------------------------------------------------
Total: 18,342 $ 2,818,168,538.15 100.00% 357 38.94 7.481 608 82.81
------------------------------------------------------------------------------------------------------------------------------------
Maximum Mortgage Rates of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING DEBT-
RANGE OF MAXIMUM NUMBER OF RATE LOANS AS RATE LOANS TERM TO TO-
MORTGAGE RATES MORTGAGE OF THE AS OF THE MATURITY INCOME MORTGAGE
(%) LOANS CUT-OFF DATE CUT-OFF DATE (months) (%) RATES (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 93 $ 18,872,986.58 0.82% 357 41.52 5.403 639 77.38
11.500 - 11.999 644 131,909,736.55 5.77 359 39.36 5.762 636 77.88
12.000 - 12.499 1,191 223,630,818.98 9.77 359 39.08 6.251 634 80.66
12.500 - 12.999 2,275 409,827,015.50 17.91 359 38.95 6.747 623 82.01
13.000 - 13.499 2,144 355,752,805.44 15.55 359 38.93 7.236 612 83.93
13.500 - 13.999 2,988 467,477,154.98 20.43 359 38.61 7.745 597 85.37
14.000 - 14.499 1,813 264,968,824.63 11.58 359 38.62 8.222 585 85.43
14.500 - 14.999 1,702 238,820,868.95 10.44 358 38.63 8.712 579 86.24
15.000 - 15.499 714 91,712,462.52 4.01 359 37.89 9.198 568 85.00
15.500 - 15.999 356 47,581,687.07 2.08 359 40.54 9.712 557 82.07
16.000 - 16.499 120 17,490,452.27 0.76 359 39.90 10.206 549 77.88
16.500 - 16.999 79 11,177,626.07 0.49 358 40.36 10.702 534 71.58
17.000 - 17.499 31 4,939,262.54 0.22 359 37.79 11.173 522 69.73
17.500 - 17.999 22 3,249,598.50 0.14 359 40.65 11.643 531 69.36
18.000 - 18.499 5 498,899.13 0.02 359 38.51 12.190 517 78.62
------------------------------------------------------------------------------------------------------------------------------------
Total: 14,177 $ 2,287,910,199.71 100.00% 359 38.87 7.510 604 83.42
------------------------------------------------------------------------------------------------------------------------------------
Minimum Mortgage Rates of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING DEBT-
NUMBER OF RATE LOANS AS RATE LOANS TERM TO TO-
RANGE OF MINIMUM MORTGAGE OF THE AS OF THE MATURITY INCOME MORTGAGE
MORTGAGE RATES (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) (%) RATES (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 93 $ 18,872,986.58 0.82% 357 41.52 5.403 639 77.38
5.500 - 5.999 644 131,909,736.55 5.77 359 39.36 5.762 636 77.88
6.000 - 6.499 1,191 223,630,818.98 9.77 359 39.08 6.251 634 80.66
6.500 - 6.999 2,275 409,827,015.50 17.91 359 38.95 6.747 623 82.01
7.000 - 7.499 2,144 355,752,805.44 15.55 359 38.93 7.236 612 83.93
7.500 - 7.999 2,988 467,477,154.98 20.43 359 38.61 7.745 597 85.37
8.000 - 8.499 1,813 264,968,824.63 11.58 359 38.62 8.222 585 85.43
8.500 - 8.999 1,702 238,820,868.95 10.44 358 38.63 8.712 579 86.24
9.000 - 9.499 714 91,712,462.52 4.01 359 37.89 9.198 568 85.00
9.500 - 9.999 356 47,581,687.07 2.08 359 40.54 9.712 557 82.07
10.000 - 10.499 120 17,490,452.27 0.76 359 39.9 10.206 549 77.88
10.500 - 10.999 79 11,177,626.07 0.49 358 40.36 10.702 534 71.58
11.000 - 11.499 31 4,939,262.54 0.22 359 37.79 11.173 522 69.73
11.500 - 11.999 22 3,249,598.50 0.14 359 40.65 11.643 531 69.36
12.000 - 12.999 5 498,899.13 0.02 359 38.51 12.190 517 78.62
------------------------------------------------------------------------------------------------------------------------------------
Total: 14,177 $ 2,287,910,199.71 100.00% 359 38.87 7.510 604 83.42
------------------------------------------------------------------------------------------------------------------------------------
Gross Margins of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING DEBT-
NUMBER OF RATE LOANS AS RATE LOANS TERM TO TO-
RANGE OF GROSS MORTGAGE OF THE AS OF THE MATURITY INCOME MORTGAGE
MARGINS (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) (%) RATES (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 182 $ 28,746,867.73 1.26% 357 38.84 7.343 610 84.43
4.750 - 4.999 1 212,503.93 0.01 353 53.00 10.050 512 70.00
5.000 - 5.249 774 129,409,053.37 5.66 359 38.89 7.542 622 86.25
5.500 - 5.749 528 94,715,938.18 4.14 359 39.77 7.681 597 82.42
6.000 - 6.249 12,465 1,997,295,310.09 87.30 359 38.79 7.479 604 83.42
6.250 - 6.499 2 216,627.10 0.01 359 47.34 7.620 519 86.65
6.500 - 6.749 132 20,376,325.50 0.89 358 38.69 8.279 574 79.89
6.750 - 6.999 1 279,000.00 0.01 360 43.00 6.250 612 89.71
7.000 - 7.249 92 16,658,573.81 0.73 358 42.72 9.376 534 69.44
------------------------------------------------------------------------------------------------------------------------------------
Total: 14,177 $ 2,287,910,199.71 100.00% 359 38.87 7.510 604 83.42
------------------------------------------------------------------------------------------------------------------------------------
Next Rate Adjustment Date of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING DEBT-
NUMBER OF RATE LOANS AS RATE LOANS TERM TO TO-
NEXT RATE MORTGAGE OF THE AS OF THE MATURITY INCOME MORTGAGE
ADJUSTMENT DATE LOANS CUT-OFF DATE CUT-OFF DATE (months) (%) RATES (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2006-03 1 $ 136,992.52 0.01% 352 54.00 6.550 576 75.00
2006-04 35 5,716,856.54 0.25 353 41.51 7.655 557 78.87
2006-05 29 3,535,075.15 0.15 354 39.84 7.261 583 82.26
2006-06 90 13,137,296.15 0.57 355 39.00 7.583 569 77.71
2006-07 116 19,230,523.62 0.84 354 38.99 7.724 586 82.58
2006-08 60 8,487,790.58 0.37 357 38.64 7.559 594 85.32
2006-09 845 128,767,934.63 5.63 358 39.61 7.644 588 83.21
2006-10 6,555 1,055,519,103.41 46.13 359 39.01 7.563 604 83.27
2006-11 952 143,925,569.72 6.29 359 38.80 7.678 596 83.90
2006-12 1,697 267,878,511.00 11.71 360 38.96 7.436 604 83.62
2007-01 1 373,500.00 0.02 360 48.00 6.150 622 90.00
2007-03 2 193,107.03 0.01 352 25.04 7.976 580 87.24
2007-04 10 1,474,620.08 0.06 353 38.74 6.953 583 80.73
2007-05 11 1,635,620.70 0.07 349 35.42 6.869 607 86.23
2007-06 23 4,125,536.79 0.18 355 41.63 7.547 579 82.39
2007-07 48 7,690,126.43 0.34 356 39.74 7.333 607 79.40
2007-08 26 4,569,174.79 0.20 357 39.43 7.453 596 82.84
2007-09 295 46,222,688.70 2.02 358 39.74 7.414 601 83.71
2007-10 2,464 418,680,271.11 18.30 359 38.23 7.378 615 83.78
2007-11 294 48,724,578.76 2.13 359 38.95 7.465 605 84.40
2007-12 623 107,885,322.00 4.72 360 38.16 7.349 611 83.33
====================================================================================================================================
Total: 14,177 $ 2,287,910,199.71 100.00% 359 38.87 7.510 604 83.42
------------------------------------------------------------------------------------------------------------------------------------
Initial Periodic Cap of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING DEBT-
NUMBER OF RATE LOANS AS RATE LOANS TERM TO TO-
INITIAL PERIODIC MORTGAGE OF THE AS OF THE MATURITY INCOME MORTGAGE
RATE CAP (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) (%) RATES (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2.000 14,177 $ 2,287,910,199.71 100.00% 359 38.87 7.510 604 83.42
====================================================================================================================================
Total: 14,177 $ 2,287,910,199.71 100.00% 359 38.87 7.510 604 83.42
------------------------------------------------------------------------------------------------------------------------------------
Subsequent Periodic Cap of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING DEBT-
SUBSEQUENT NUMBER OF RATE LOANS AS RATE LOANS TERM TO TO-
PERIODIC RATE MORTGAGE OF THE AS OF THE MATURITY INCOME MORTGAGE
CAP (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) (%) RATES (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
1.000 14,177 $ 2,287,910,199.71 100.00% 359 38.87 7.510 604 83.42
====================================================================================================================================
Total: 14,177 $ 2,287,910,199.71 100.00% 359 38.87 7.510 604 83.42
------------------------------------------------------------------------------------------------------------------------------------
Group II Mortgage Loan Statistics
The Group II Mortgage Loans consist of 4,621 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $587,134,384.25, 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
April 1, 2004 or after February 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 II Mortgage Loan is January 2035.
Collateral Type
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
COLLATERAL TYPE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2 YEAR ARMS 2,697 $ 353,843,232.71 60.27% 358 38.60 7.585 598 82.78
3 YEAR ARMS 853 120,146,793.93 20.46 358 37.84 7.375 613 83.98
FIXED 1,071 113,144,357.61 19.27 348 38.50 7.395 624 81.01
====================================================================================================================================
Total: 4,621 $ 587,134,384.25 100.00% 356 38.43 7.505 606 82.69
------------------------------------------------------------------------------------------------------------------------------------
Principal Balances at Origination
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
RANGE OF NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
PRINCIPAL BALANCES MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
AT ORIGINATION ($) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Less than 50,000.01 218 $ 8,606,067.00 1.46% 352 35.13 9.317 642 85.59
50,000.01 - 100,000.00 1,987 144,038,389.00 24.51 353 36.00 7.959 601 82.46
100,000.01 - 150,000.00 1,076 132,030,060.00 22.47 356 38.21 7.530 603 83.07
150,000.01 - 200,000.00 569 99,041,196.00 16.85 358 39.53 7.447 602 81.88
200,000.01 - 250,000.00 351 78,382,457.00 13.34 358 39.49 7.245 604 82.02
250,000.01 - 300,000.00 257 70,406,678.00 11.98 359 39.93 7.093 606 82.59
300,000.01 - 350,000.00 125 39,766,042.00 6.77 359 41.33 7.028 630 84.12
350,000.01 - 400,000.00 23 8,668,300.00 1.48 359 41.24 6.905 645 86.44
400,000.01 - 450,000.00 10 4,256,300.00 0.72 359 33.03 6.845 645 83.73
450,000.01 - 500,000.00 5 2,412,999.00 0.41 359 34.98 6.569 651 83.70
====================================================================================================================================
Total: 4,621 $ 587,608,488.00 100.00% 356 38.43 7.505 606 82.69
------------------------------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
Principal Balance as of the Cut-Off Date
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
RANGE OF PRINCIPAL NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
BALANCES AS OF THE MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
CUT-OFF DATE ($) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Less than 50,000.01 227 $ 9,048,639.75 1.54% 352 35.13 9.259 640 85.43
50,000.01 - 100,000.00 1,978 143,478,024.86 24.44 353 36.00 7.959 601 82.46
100,000.01 - 150,000.00 1,077 132,081,522.37 22.50 356 38.23 7.531 603 83.06
150,000.01 - 200,000.00 568 98,813,953.99 16.83 358 39.51 7.446 602 81.90
200,000.01 - 250,000.00 351 78,316,039.08 13.34 358 39.49 7.245 604 82.02
250,000.01 - 300,000.00 257 70,343,225.06 11.98 359 39.93 7.094 606 82.59
300,000.01 - 350,000.00 125 39,729,853.85 6.77 359 41.33 7.029 630 84.12
350,000.01 - 400,000.00 23 8,658,640.76 1.47 359 41.23 6.905 645 86.44
400,000.01 - 450,000.00 10 4,253,644.42 0.72 359 33.03 6.845 645 83.73
450,000.01 - 500,000.00 5 2,410,840.11 0.41 359 34.98 6.569 651 83.70
====================================================================================================================================
Total: 4,621 $ 587,134,384.25 100.00% 356 38.43 7.505 606 82.69
------------------------------------------------------------------------------------------------------------------------------------
Stated Remaining Term to Maturity
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
RANGE OF MONTHS MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
REMAINING LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
120 - 180 60 $ 4,873,815.60 0.83% 179 35.93 7.182 610 73.48
180 - 240 59 5,389,655.89 0.92 239 36.36 7.400 616 77.79
300 - 360 4,502 576,870,912.76 98.25 359 38.47 7.509 606 82.81
====================================================================================================================================
Total: 4,621 $ 587,134,384.25 100.00% 356 38.43 7.505 606 82.69
------------------------------------------------------------------------------------------------------------------------------------
Mortgage Rate
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
RANGE OF CURRENT MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
MORTGAGE RATES (%) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 31 $ 6,053,100.45 1.03% 355 36.45 5.422 637 78.61
5.500 - 5.999 258 46,217,768.21 7.87 354 39.28 5.737 641 76.44
6.000 - 6.499 356 57,096,240.85 9.72 355 38.50 6.254 628 78.13
6.500 - 6.999 698 102,459,278.75 17.45 357 38.66 6.747 621 81.85
7.000 - 7.499 681 91,775,917.51 15.63 356 38.88 7.249 606 83.07
7.500 - 7.999 833 106,345,989.32 18.11 357 38.06 7.734 599 84.38
8.000 - 8.499 560 62,919,778.39 10.72 358 38.15 8.219 590 85.40
8.500 - 8.999 493 53,466,883.59 9.11 357 38.09 8.711 580 85.42
9.000 - 9.499 320 31,691,322.09 5.40 356 37.64 9.209 579 85.64
9.500 - 9.999 183 15,542,568.59 2.65 356 37.92 9.706 580 84.39
10.000 - 10.499 56 4,304,991.35 0.73 353 39.12 10.195 564 77.97
10.500 - 10.999 57 4,000,188.94 0.68 357 38.37 10.729 610 86.27
11.000 - 11.499 60 3,185,277.10 0.54 359 39.66 11.126 645 91.07
11.500 - 11.999 24 1,283,616.39 0.22 359 40.58 11.693 589 81.55
12.000 - 12.499 10 723,879.45 0.12 350 40.63 12.110 546 69.70
12.500 - 12.999 1 67,583.27 0.01 359 45.00 12.650 543 65.00
====================================================================================================================================
Total: 4,621 $ 587,134,384.25 100.00% 356 38.43 7.505 606 82.69
------------------------------------------------------------------------------------------------------------------------------------
Original Loan-to-Value Ratios
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
RANGE OF ORIGINAL MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
LOAN-TO-VALUE RATIOS (%) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
25.01 - 30.00 8 $ 669,154.66 0.11% 324 36.50 6.902 574 27.38
30.01 - 35.00 5 615,693.53 0.10 358 40.86 6.895 694 33.13
35.01 - 40.00 21 1,985,533.21 0.34 337 39.30 6.82 569 37.71
40.01 - 45.00 23 2,858,918.96 0.49 344 41.67 6.831 598 42.59
45.01 - 50.00 46 5,234,533.97 0.89 350 38.76 7.052 588 48.32
50.01 - 55.00 48 6,127,552.25 1.04 358 38.18 6.94 590 52.84
55.01 - 60.00 97 11,932,952.04 2.03 357 37.99 7.314 589 58.23
60.01 - 65.00 154 19,556,665.55 3.33 354 39.77 7.329 577 63.60
65.01 - 70.00 254 32,833,745.28 5.59 352 39.99 7.481 572 68.81
70.01 - 75.00 378 49,149,646.55 8.37 355 39.10 7.519 575 74.19
75.01 - 80.00 933 128,240,246.49 21.84 357 37.74 7.118 613 79.67
80.01 - 85.00 553 70,364,912.43 11.98 357 37.84 7.331 592 84.64
85.01 - 90.00 1,264 153,067,996.66 26.07 357 38.30 7.762 602 89.77
90.01 - 95.00 602 90,347,252.79 15.39 357 39.06 7.604 641 94.80
95.01 - 100.00 235 14,149,579.88 2.41 358 36.72 9.577 690 100.00
====================================================================================================================================
Total: 4,621 $ 587,134,384.25 100.00% 356 38.43 7.505 606 82.69
------------------------------------------------------------------------------------------------------------------------------------
FICO Score at Origination
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
RANGE OF FICO SCORES LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
500 - 519 365 $ 44,075,361.49 7.51% 357 41.25 8.326 510 77.13
520 - 539 442 55,116,499.86 9.39 358 40.08 7.942 529 78.14
540 - 559 499 59,515,217.49 10.14 356 39.53 7.904 551 79.86
560 - 579 412 49,392,133.27 8.41 355 39.83 7.734 569 80.53
580 - 599 496 62,992,171.89 10.73 356 38.78 7.461 588 82.12
600 - 619 580 78,518,042.61 13.37 357 38.22 7.211 609 83.82
620 - 639 489 66,761,507.80 11.37 356 37.86 7.216 629 84.85
640 - 659 380 52,237,300.76 8.90 356 38.23 7.158 650 85.53
660 - 679 326 41,133,519.49 7.01 358 36.47 7.239 669 86.18
680 - 699 269 33,072,399.91 5.63 355 35.88 7.209 689 86.97
700 - 719 153 19,220,968.40 3.27 356 35.51 7.319 709 86.15
720 - 739 99 12,263,769.68 2.09 355 35.29 7.213 730 85.58
740 - 759 63 7,767,444.62 1.32 359 36.27 7.227 749 88.82
760 - 779 31 3,141,071.32 0.53 359 34.13 7.345 768 84.75
780 - 799 15 1,508,310.01 0.26 350 26.28 7.143 786 82.88
800 - 819 2 418,665.65 0.07 357 38.07 5.639 807 42.05
====================================================================================================================================
Total: 4,621 $ 587,134,384.25 100.00% 356 38.43 7.505 606 82.69
------------------------------------------------------------------------------------------------------------------------------------
Debt-to-Income Ratio
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
RANGE OF DEBT-TO- MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
INCOME RATIOS (%) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 20.00 313 $ 32,714,953.92 5.57% 354 14.40 7.657 627 82.70
20.01 - 25.00 303 31,644,329.97 5.39 358 23.17 7.487 620 81.90
25.01 - 30.00 478 52,519,631.79 8.95 355 28.13 7.56 607 82.01
30.01 - 35.00 620 73,526,608.24 12.52 355 33.06 7.423 612 82.76
35.01 - 40.00 794 104,130,776.66 17.74 357 38.12 7.531 612 82.98
40.01 - 45.00 1,013 141,174,866.33 24.04 357 43.16 7.494 612 84.30
45.01 - 50.00 946 129,807,721.05 22.11 357 48.07 7.485 590 83.56
50.01 - 55.00 154 21,615,496.29 3.68 358 53.04 7.522 561 68.04
====================================================================================================================================
Total: 4,621 $ 587,134,384.25 100.00% 356 38.43 7.505 606 82.69
------------------------------------------------------------------------------------------------------------------------------------
Geographic Distribution
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
STATE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Alaska 13 $ 1,630,111.12 0.28% 359 34.48 7.439 648 84.91
Alabama 54 4,960,749.10 0.84 353 37.14 7.710 596 85.84
Arkansas 5 496,495.91 0.08 358 36.48 7.846 573 76.48
Arizona 322 32,908,294.44 5.60 351 36.97 7.421 620 84.88
California 569 114,659,450.72 19.53 358 40.12 7.008 601 77.05
Colorado 66 9,293,594.43 1.58 359 37.03 7.459 618 85.93
Connecticut 43 6,950,483.57 1.18 359 37.30 7.751 591 82.34
Delaware 12 1,609,361.00 0.27 359 36.98 8.169 572 83.58
Florida 583 67,943,981.48 11.57 355 38.96 7.577 606 83.10
Georgia 89 11,957,892.35 2.04 358 37.63 7.542 620 88.15
Hawaii 42 10,268,509.67 1.75 359 42.30 6.694 639 80.34
Iowa 52 4,179,963.61 0.71 356 36.79 7.949 586 83.31
Idaho 7 746,186.80 0.13 346 36.32 7.643 614 79.82
Illinois 271 40,625,430.05 6.92 358 39.38 7.497 632 86.33
Indiana 209 14,360,763.10 2.45 355 35.59 8.036 603 85.77
Kansas 31 2,626,664.28 0.45 359 38.34 7.973 593 85.11
Kentucky 30 2,453,526.44 0.42 359 38.11 7.832 577 81.25
Louisiana 78 7,052,275.48 1.20 355 37.05 7.851 587 84.05
Massachusetts 56 11,022,202.31 1.88 359 37.32 7.410 631 80.45
Maryland 144 20,766,243.26 3.54 358 36.52 7.269 596 81.71
Maine 23 2,470,520.80 0.42 348 36.68 7.058 600 84.53
Michigan 430 39,135,119.76 6.67 357 36.92 7.888 590 83.53
Minnesota 61 8,989,871.76 1.53 358 39.85 7.521 608 84.12
Missouri 140 12,260,108.87 2.09 358 35.42 7.932 593 84.30
Mississippi 29 2,205,904.07 0.38 359 39.00 8.493 583 87.58
North Carolina 30 2,990,483.94 0.51 357 33.09 7.791 600 83.48
North Dakota 3 235,229.50 0.04 296 36.44 7.581 569 87.25
Nebraska 20 1,627,500.93 0.28 359 36.58 7.932 605 85.69
New Hampshire 9 1,744,605.13 0.30 358 38.73 7.028 581 80.93
New Jersey 64 13,095,850.28 2.23 359 41.06 7.527 616 83.98
New Mexico 10 1,309,712.57 0.22 359 39.18 7.973 603 86.72
Nevada 104 18,263,617.00 3.11 359 39.33 7.577 608 82.67
New York 94 21,324,514.78 3.63 358 38.95 7.335 619 82.44
Ohio 165 13,547,616.44 2.31 352 37.46 7.851 597 86.97
Oklahoma 32 2,925,806.82 0.50 359 39.45 7.982 595 89.07
Oregon 24 3,243,354.05 0.55 359 40.11 7.665 616 79.07
Pennsylvania 153 14,716,308.39 2.51 351 35.80 7.886 589 83.43
Rhode Island 26 4,369,446.18 0.74 359 39.65 7.591 619 82.28
South Carolina 18 1,663,388.35 0.28 359 35.02 7.769 590 85.59
South Dakota 3 332,476.90 0.06 358 39.07 8.600 534 83.37
Tennessee 94 7,431,201.79 1.27 354 38.73 7.862 610 86.80
Texas 180 18,240,863.95 3.11 345 36.87 7.979 593 85.47
Utah 54 5,882,034.50 1.00 359 38.22 7.751 641 87.40
Vermont 2 364,903.25 0.06 360 39.82 6.646 594 85.11
Washington 73 10,973,731.00 1.87 359 39.02 7.372 616 82.53
Wisconsin 98 10,729,934.39 1.83 359 38.62 8.130 585 83.60
Wyoming 6 548,099.73 0.09 335 41.93 7.141 608 83.45
====================================================================================================================================
Total: 4,621 $ 587,134,384.25 100.00% 356 38.43 7.505 606 82.69
------------------------------------------------------------------------------------------------------------------------------------
Occupancy Status
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
OCCUPANCY STATUS* LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 3,826 $ 507,361,574.83 86.41% 356 39.30 7.438 601 82.52
Non-owner Occupied 745 73,218,051.24 12.47 357 32.28 7.982 641 84.04
Second Home 50 6,554,758.18 1.12 359 39.88 7.396 643 80.94
====================================================================================================================================
Total: 4,621 $ 587,134,384.25 100.00% 356 38.43 7.505 606 82.69
------------------------------------------------------------------------------------------------------------------------------------
* Based on mortgagor representation at origination.
Documentation Type
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
INCOME MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
DOCUMENTATION LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Full Docs 2,728 $ 330,129,226.66 56.23% 356 39.12 7.276 591 81.75
Stated Docs 1,604 219,037,757.06 37.31 357 37.84 7.861 630 84.00
Limited Docs 289 37,967,400.53 6.47 356 35.79 7.451 601 83.34
====================================================================================================================================
Total: 4,621 $ 587,134,384.25 100.00% 356 38.43 7.505 606 82.69
------------------------------------------------------------------------------------------------------------------------------------
Loan Purpose
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
PURPOSE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Refi-Cash Out ** 2,824 $ 368,654,199.02 62.79% 356 39.01 7.409 588 80.04
Purchase 1,561 189,799,013.87 32.33 358 37.27 7.722 641 87.77
Refi-No Cashout *** 236 28,681,171.36 4.88 352 38.55 7.306 609 83.03
====================================================================================================================================
Total: 4,621 $ 587,134,384.25 100.00% 356 38.43 7.505 606 82.69
------------------------------------------------------------------------------------------------------------------------------------
** 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
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
RISK CATEGORY LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
1 3,158 $ 391,802,101.11 66.73% 356 37.94 7.367 624 84.61
2 337 46,361,144.76 7.90 357 39.11 7.556 580 83.37
3 388 49,557,027.38 8.44 357 39.16 7.443 572 80.64
4 302 36,814,110.68 6.27 353 37.61 7.866 566 78.42
5 186 24,463,194.82 4.17 359 41.22 8.002 552 70.21
6 52 6,952,929.93 1.18 358 41.71 9.661 545 67.16
A+ 90 13,796,735.92 2.35 358 39.15 7.711 610 82.54
A 46 7,167,922.81 1.22 359 41.37 7.434 595 81.31
X- 00 2,700,594.77 0.46 359 40.20 7.765 560 75.91
B 14 2,311,007.44 0.39 359 34.35 8.317 527 71.99
C 21 3,637,091.90 0.62 358 45.60 8.991 545 71.33
C- 11 1,570,522.73 0.27 352 45.11 10.072 528 72.26
====================================================================================================================================
Total: 4,621 $ 587,134,384.25 100.00% 356 38.43 7.505 606 82.69
------------------------------------------------------------------------------------------------------------------------------------
Property Type
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
PROPERTY TYPE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Single Family Detached 3,503 $ 435,313,313.63 74.14% 356 38.79 7.499 600 82.58
2-4 UNITS 371 56,567,025.19 9.63 358 36.16 7.679 635 83.68
PUD Detached 280 43,117,641.29 7.34 356 38.92 7.402 608 84.58
Condominium 270 35,155,940.39 5.99 358 38.03 7.464 629 83.06
Manufactured/Mobile Housing 180 15,202,895.06 2.59 354 36.74 7.437 627 75.38
PUD-Attached 9 1,187,338.89 0.20 359 34.24 7.223 633 88.10
Single Family Attached 8 590,229.80 0.10 339 30.95 7.433 605 84.73
====================================================================================================================================
Total: 4,621 $ 587,134,384.25 100.00% 356 38.43 7.505 606 82.69
------------------------------------------------------------------------------------------------------------------------------------
Prepayment Charge Term
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
PREPAYMENT CHARGE NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
TERM AT ORIGINATION MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
(MOS.) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
0 1,323 $ 166,618,104.00 28.38% 357 38.37 7.65 617 84.87
12 106 16,554,159.28 2.82 358 38.97 7.801 618 81.27
24 1,629 209,326,407.04 35.65 358 38.22 7.645 598 82.44
36 1,563 194,635,713.93 33.15 353 38.65 7.205 605 81.21
====================================================================================================================================
Total: 4,621 $ 587,134,384.25 100.00% 356 38.43 7.505 606 82.69
------------------------------------------------------------------------------------------------------------------------------------
Conforming Balance
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
CONFORMING MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
BALANCE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Conforming Balance 4,621 $ 587,134,384.25 100.00% 356 38.43 7.505 606 82.69
====================================================================================================================================
Total: 4,621 $ 587,134,384.25 100.00% 356 38.43 7.505 606 82.69
------------------------------------------------------------------------------------------------------------------------------------
Maximum Mortgage Rates of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING DEBT-
NUMBER OF RATE LOANS AS RATE LOANS TERM TO TO-
RANGE OF MAXIMUM MORTGAGE OF THE AS OF THE MATURITY INCOME MORTGAGE
MORTGAGE RATES (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) (%) RATES (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 29 $ 5,617,433.03 1.19% 359 36.14 5.420 636 79.85
11.500 - 11.999 174 30,830,786.39 6.50 357 38.73 5.727 636 77.26
12.000 - 12.499 252 41,961,042.04 8.85 359 38.45 6.256 626 78.93
12.500 - 12.999 530 79,167,729.50 16.70 359 38.47 6.751 621 82.94
13.000 - 13.499 559 77,532,268.24 16.36 359 39.06 7.251 606 83.49
13.500 - 13.999 687 90,803,436.53 19.16 359 37.89 7.732 598 84.76
14.000 - 14.499 478 55,918,530.02 11.80 359 38.21 8.219 589 85.52
14.500 - 14.999 417 47,032,168.22 9.92 358 38.42 8.711 577 85.44
15.000 - 15.499 245 26,162,063.39 5.52 358 37.82 9.201 572 85.11
15.500 - 15.999 107 11,550,330.57 2.44 359 39.07 9.721 557 81.81
16.000 - 16.499 34 3,309,674.22 0.70 356 39.05 10.184 549 73.44
16.500 - 16.999 18 2,052,110.74 0.43 359 37.90 10.704 536 74.73
17.000 - 17.499 7 870,013.28 0.18 359 46.82 11.052 529 69.85
17.500 - 17.999 7 662,253.42 0.14 359 42.95 11.700 516 64.24
18.000 - 17.499 5 452,603.78 0.10 358 40.37 12.143 517 63.04
18.500 - 18.999 1 67,583.27 0.01 359 45.00 12.650 543 65.00
====================================================================================================================================
Total: 3,550 $ 473,990,026.64 100.00% 358 38.41 7.532 602 83.09
------------------------------------------------------------------------------------------------------------------------------------
Minimum Mortgage Rates of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING DEBT-
NUMBER OF RATE LOANS AS RATE LOANS TERM TO TO-
RANGE OF MINIMUM MORTGAGE OF THE AS OF THE MATURITY INCOME MORTGAGE
MORTGAGE RATES (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) (%) RATES (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 29 $ 5,617,433.03 1.19% 359 36.14 5.420 636 79.85
5.500 - 5.999 174 30,830,786.39 6.50 357 38.73 5.727 636 77.26
6.000 - 6.499 252 41,961,042.04 8.85 359 38.45 6.256 626 78.93
6.500 - 6.999 530 79,167,729.50 16.70 359 38.47 6.751 621 82.94
7.000 - 7.499 559 77,532,268.24 16.36 359 39.06 7.251 606 83.49
7.500 - 7.999 687 90,803,436.53 19.16 359 37.89 7.732 598 84.76
8.000 - 8.499 478 55,918,530.02 11.80 359 38.21 8.219 589 85.52
8.500 - 8.999 417 47,032,168.22 9.92 358 38.42 8.711 577 85.44
9.000 - 9.499 245 26,162,063.39 5.52 358 37.82 9.201 572 85.11
9.500 - 9.999 107 11,550,330.57 2.44 359 39.07 9.721 557 81.81
10.000 - 10.499 34 3,309,674.22 0.70 356 39.05 10.184 549 73.44
10.500 - 10.999 18 2,052,110.74 0.43 359 37.90 10.704 536 74.73
11.000 - 11.499 7 870,013.28 0.18 359 46.82 11.052 529 69.85
11.500 - 11.999 7 662,253.42 0.14 359 42.95 11.700 516 64.24
12.000 - 12.499 5 452,603.78 0.10 358 40.37 12.143 517 63.04
12.500 - 11.999 1 67,583.27 0.01 359 45.00 12.650 543 65.00
====================================================================================================================================
Total: 3,550 $ 473,990,026.64 100.00% 358 38.41 7.532 602 83.09
------------------------------------------------------------------------------------------------------------------------------------
Gross Margins of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING DEBT-
NUMBER OF RATE LOANS AS RATE LOANS TERM TO TO-
RANGE OF GROSS MORTGAGE OF THE AS OF THE MATURITY INCOME MORTGAGE
MARGINS (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) (%) RATES (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 58 $ 6,359,326.32 1.34% 355 38.96 7.636 595 85.49
5.000 - 5.249 109 16,855,801.25 3.56 359 37.60 7.333 639 86.35
5.500 - 5.749 137 22,685,339.95 4.79 359 39.60 7.647 599 81.99
6.000 - 6.249 3,188 419,420,102.14 88.49 358 38.30 7.507 602 83.20
6.500 - 6.749 30 4,066,942.42 0.86 358 37.52 7.927 568 74.87
6.750 - 6.999 1 207,500.00 0.04 360 50.00 7.900 523 84.69
7.000 - 7.249 27 4,395,014.56 0.93 359 45.49 9.524 536 69.99
====================================================================================================================================
Total: 3,550 $ 473,990,026.64 100.00% 358 38.41 7.532 602 83.09
------------------------------------------------------------------------------------------------------------------------------------
Next Rate Adjustment Date of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING DEBT-
NEXT RATE NUMBER OF RATE LOANS AS RATE LOANS TERM TO TO-
ADJUSTMENT MORTGAGE OF THE AS OF THE MATURITY INCOME MORTGAGE
DATE LOANS CUT-OFF DATE CUT-OFF DATE (months) (%) RATES (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2006-04 11 $ 1,180,612.69 0.25% 353 37.82 7.382 574 77.51
2006-05 17 1,324,245.20 0.28 354 38.53 7.901 558 81.67
2006-06 12 1,465,049.57 0.31 355 42.98 7.514 553 78.34
2006-07 24 3,375,352.70 0.71 356 43.52 7.757 566 86.12
2006-08 18 2,758,423.08 0.58 357 41.08 7.864 573 81.86
2006-09 238 30,378,023.92 6.41 357 38.00 7.42 591 82.55
2006-10 1,677 227,800,523.77 48.06 359 38.58 7.586 602 82.85
2006-11 210 22,342,675.78 4.71 358 38.75 7.785 600 82.37
2006-12 302 39,685,952.00 8.37 359 38.55 7.536 587 82.47
2007-01 188 23,532,374.00 4.96 358 38.33 7.615 605 83.59
2007-04 4 773,004.38 0.16 353 46.22 7.056 571 76.45
2007-06 4 723,385.32 0.15 355 31.34 6.707 568 85.15
2007-07 8 1,513,629.56 0.32 356 38.38 7.09 636 85.11
2007-08 7 1,203,164.55 0.25 357 33.36 8.072 615 86.91
2007-09 67 8,545,209.44 1.80 358 35.66 7.506 588 83.52
2007-10 504 76,112,732.81 16.06 359 38.48 7.403 615 84.33
2007-11 83 9,461,318.87 2.00 358 34.65 7.42 600 81.11
2007-12 78 8,859,220.00 1.87 357 38.23 7.14 620 82.90
2008-01 98 12,955,129.00 2.73 360 37.81 7.273 628 85.05
====================================================================================================================================
Total: 3,550 $ 473,990,026.64 100.00% 358 38.41 7.532 602 83.09
------------------------------------------------------------------------------------------------------------------------------------
Initial Periodic Cap of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING DEBT-
NUMBER OF RATE LOANS AS RATE LOANS TERM TO TO-
INITIAL PERIODIC MORTGAGE OF THE AS OF THE MATURITY INCOME MORTGAGE
RATE CAP (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) (%) RATES (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2.000 3,550 $ 473,990,026.64 100.00% 358 38.41 7.532 602 83.09
====================================================================================================================================
Total: 3,550 $ 473,990,026.64 100.00% 358 38.41 7.532 602 83.09
------------------------------------------------------------------------------------------------------------------------------------
Subsequent Periodic Cap of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING DEBT-
NUMBER OF RATE LOANS AS RATE LOANS TERM TO TO-
SUBSEQUENT PERIODIC MORTGAGE OF THE AS OF THE MATURITY INCOME MORTGAGE
RATE CAP (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) (%) RATES (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
1.000 3,550 $ 473,990,026.64 100.00% 358 38.41 7.532 602 83.09
====================================================================================================================================
Total: 3,550 $ 473,990,026.64 100.00% 358 38.41 7.532 602 83.09
------------------------------------------------------------------------------------------------------------------------------------
Group III Mortgage Loan Statistics
The Group III Mortgage Loans consist of 2,288 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $894,697,348.18, 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 III Mortgage Loans had a first Due Date prior to
April 1, 2004 or after January 2005, or will have a remaining term to stated
maturity of less than 179 months or greater than 360 months as of the Cut-off
Date. The latest maturity date of any Group III Mortgage Loan is December 2034.
Collateral Type
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
COLLATERAL TYPE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2 YEAR ARMS 1,310 $ 540,976,042.08 60.46% 359 41.18 7.225 604 84.09
3 YEAR ARMS 389 158,791,632.84 17.75 359 40.14 7.266 627 85.67
FIXED 589 194,929,673.26 21.79 355 38.14 6.615 652 80.00
====================================================================================================================================
Total: 2,288 $ 894,697,348.18 100.00% 358 40.33 7.099 619 83.48
------------------------------------------------------------------------------------------------------------------------------------
Principal Balances at Origination
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL REMAINING DEBT-
RANGE OF NUMBER OF BALANCE BALANCE TERM TO TO-
PRINCIPAL BALANCES MORTGAGE AS OF AS OF MATURITY INCOME MORTGAGE
AT ORIGINATION ($) LOANS ORIGINATION ORIGINATION (months)* (%)* RATES (%)* FICO* OLTV (%)*
------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 252 $ 19,219,226.00 2.15% 355 36.53 10.729 636 96.27
100,000.01 - 150,000.00 41 5,025,548.00 0.56 355 38.79 9.385 590 89.33
150,000.01 - 200,000.00 18 3,071,765.00 0.34 359 39.28 9.337 589 88.33
200,000.01 - 250,000.00 1 220,100.00 0.02 359 24.00 9.200 554 84.98
250,000.01 - 300,000.00 6 1,645,650.00 0.18 358 45.3 9.143 568 82.59
300,000.01 - 350,000.00 267 91,281,287.00 10.19 358 41.11 7.149 609 83.35
350,000.01 - 400,000.00 614 229,713,719.00 25.65 359 40.74 7.012 617 84.09
400,000.01 - 450,000.00 370 157,758,476.00 17.62 359 41.22 7.114 623 84.88
450,000.01 - 500,000.00 352 169,106,818.00 18.89 358 39.45 7.089 625 83.89
500,000.01 - 550,000.00 136 71,647,833.00 8.00 356 40.57 6.748 620 81.54
550,000.01 - 600,000.00 100 57,419,368.00 6.41 357 39.81 6.776 606 81.80
600,000.01 - 650,000.00 53 33,563,354.00 3.75 357 39.53 6.765 621 81.32
650,000.01 - 700,000.00 31 21,052,400.00 2.35 359 42.19 6.695 612 78.28
700,000.01 - 750,000.00 47 34,701,372.00 3.88 359 38.15 6.712 618 75.08
====================================================================================================================================
Total: 2,288 $ 895,426,916.00 100.00% 358 40.33 7.099 619 83.48
------------------------------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
Principal Balance as of the Cut-Off Date
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
RANGE OF PRINCIPAL NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
BALANCES AS OF THE MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
CUT-OFF DATE ($) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 252 $ 19,209,545.19 2.15% 355 36.53 10.729 636 96.27
100,000.01 - 150,000.00 41 5,021,059.44 0.56 355 38.79 9.385 590 89.33
150,000.01 - 200,000.00 18 3,069,509.15 0.34 359 39.27 9.337 589 88.33
200,000.01 - 250,000.00 1 219,984.69 0.02 359 24.00 9.200 554 84.98
250,000.01 - 300,000.00 6 1,643,752.52 0.18 358 45.30 9.143 568 82.59
300,000.01 - 350,000.00 268 91,558,452.83 10.23 358 41.11 7.148 609 83.36
350,000.01 - 400,000.00 614 229,566,139.27 25.66 359 40.75 7.010 618 84.09
400,000.01 - 450,000.00 371 158,129,763.13 17.67 359 41.15 7.118 623 84.90
450,000.01 - 500,000.00 350 168,053,142.15 18.78 358 39.48 7.089 625 83.87
500,000.01 - 550,000.00 136 71,597,656.82 8.00 356 40.57 6.748 620 81.54
550,000.01 - 600,000.00 100 57,378,753.41 6.41 357 39.81 6.776 606 81.80
600,000.01 - 650,000.00 53 33,540,178.92 3.75 357 39.53 6.765 621 81.32
650,000.01 - 700,000.00 31 21,036,794.24 2.35 359 42.19 6.696 612 78.28
700,000.01 - 750,000.00 47 34,672,616.42 3.88 359 38.15 6.712 618 75.08
====================================================================================================================================
Total: 2,288 $ 894,697,348.18 100.00% 358 40.33 7.099 619 83.48
------------------------------------------------------------------------------------------------------------------------------------
Stated Remaining Term to Maturity
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
RANGE OF MONTHS MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
REMAINING LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
120 - 180 9 $ 2,590,600.53 0.29% 180 41.14 6.247 629 71.54
180 - 240 10 3,243,902.86 0.36 239 39.30 6.577 625 81.41
300 - 360 2,269 888,862,844.79 99.35 359 40.33 7.104 619 83.52
====================================================================================================================================
Total: 2,288 $ 894,697,348.18 100.00% 358 40.33 7.099 619 83.48
------------------------------------------------------------------------------------------------------------------------------------
Mortgage Rate
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
RANGE OF CURRENT MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
MORTGAGE RATES (%) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 41 $ 18,403,298.95 2.06% 359 41.60 5.399 640 79.46
5.500 - 5.999 387 174,776,509.76 19.53 356 40.12 5.752 654 78.93
6.000 - 6.499 259 115,347,866.42 12.89 359 40.08 6.241 629 81.83
6.500 - 6.999 398 173,459,342.23 19.39 359 39.72 6.746 616 84.15
7.000 - 7.499 240 106,324,612.23 11.88 359 39.84 7.233 616 84.15
7.500 - 7.999 309 130,860,485.66 14.63 359 41.77 7.714 600 86.42
8.000 - 8.499 164 69,280,168.65 7.74 359 40.90 8.247 603 87.36
8.500 - 8.999 116 44,831,578.89 5.01 359 39.46 8.690 584 85.13
9.000 - 9.499 105 24,030,529.51 2.69 359 40.81 9.257 580 85.76
9.500 - 9.999 55 11,889,482.52 1.33 359 42.04 9.715 562 80.60
10.000 - 10.499 31 5,970,681.09 0.67 357 38.84 10.227 573 81.89
10.500 - 10.999 59 8,826,936.05 0.99 357 41.70 10.724 585 82.51
11.000 - 11.499 62 5,553,007.18 0.62 356 37.64 11.184 637 94.74
11.500 - 11.999 21 1,934,620.87 0.22 353 38.78 11.641 623 97.33
12.000 - 12.499 38 2,988,541.77 0.33 359 38.41 12.255 637 100.00
12.500 - 12.999 3 219,686.40 0.02 358 40.02 12.500 640 100.00
====================================================================================================================================
Total: 2,288 $ 894,697,348.18 100.00% 358 40.33 7.099 619 83.48
------------------------------------------------------------------------------------------------------------------------------------
Original Loan-to-Value Ratios
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
RANGE OF ORIGINAL MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
LOAN-TO-VALUE RATIOS (%) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 25.00 2 $ 1,056,167.50 0.12% 359 50.36 7.202 552 17.90
25.01 - 30.00 1 588,482.86 0.07 359 46.00 6.650 591 27.94
30.01 - 35.00 1 419,531.57 0.05 359 47.00 5.400 755 35.00
35.01 - 40.00 2 610,000.00 0.07 342 22.64 5.927 683 37.84
40.01 - 45.00 2 999,118.82 0.11 359 43.00 6.950 678 42.11
45.01 - 50.00 11 5,052,343.89 0.56 359 37.01 6.154 624 47.22
50.01 - 55.00 12 5,191,195.26 0.58 359 33.37 7.014 620 53.03
55.01 - 60.00 31 14,704,531.95 1.64 351 41.25 7.238 584 58.14
60.01 - 65.00 60 27,325,682.28 3.05 357 40.37 6.869 596 63.64
65.01 - 70.00 99 41,848,386.40 4.68 358 40.18 7.005 594 68.61
70.01 - 75.00 192 84,333,864.15 9.43 357 42.48 7.069 594 74.02
75.01 - 80.00 428 180,175,697.37 20.14 358 40.51 6.673 619 79.32
80.01 - 85.00 284 124,650,666.47 13.93 358 38.98 6.731 608 84.26
85.01 - 90.00 576 235,987,506.63 26.38 359 39.80 7.220 616 89.64
90.01 - 95.00 374 147,716,098.62 16.51 359 41.33 7.370 652 94.78
95.01 - 100.00 213 24,038,074.41 2.69 356 38.97 10.100 665 100.00
------------------------------------------------------------------------------------------------------------------------------------
Total: 2,288 $ 894,697,348.18 100.00% 358 40.33 7.099 619 83.48
------------------------------------------------------------------------------------------------------------------------------------
FICO Score at Origination
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
RANGE OF FICO SCORES LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
500 - 519 84 $ 31,623,096.66 3.53% 359 44.01 8.102 510 75.57
520 - 539 146 54,966,980.75 6.14 359 39.76 7.904 529 77.07
540 - 559 201 80,331,914.63 8.98 359 42.87 7.624 551 79.96
560 - 579 203 83,815,288.80 9.37 358 40.92 7.405 569 81.47
580 - 599 225 94,272,177.72 10.54 358 40.59 7.213 589 82.46
600 - 619 315 120,824,274.91 13.50 358 41.21 7.011 609 84.92
620 - 639 314 119,221,125.21 13.33 356 39.97 6.821 629 85.71
640 - 659 235 90,866,366.96 10.16 357 39.88 6.791 649 87.03
660 - 679 171 67,764,290.34 7.57 359 37.88 6.827 668 86.17
680 - 699 174 66,440,221.02 7.43 359 39.43 6.651 689 85.12
700 - 719 87 30,961,514.00 3.46 359 39.82 6.858 708 87.05
720 - 739 53 21,852,203.54 2.44 359 38.36 6.631 729 84.47
740 - 759 35 13,067,083.05 1.46 359 40.69 6.785 750 84.56
760 - 779 24 10,320,355.53 1.15 359 36.19 6.498 770 80.21
780 - 799 20 8,225,520.59 0.92 359 32.87 6.309 789 81.25
800 - 819 1 144,934.47 0.02 359 37.00 9.900 800 100.00
====================================================================================================================================
Total: 2,288 $ 894,697,348.18 100.00% 358 40.33 7.099 619 83.48
------------------------------------------------------------------------------------------------------------------------------------
Debt-to-Income Ratio
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
RANGE OF DEBT-TO-INCOME MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
RATIOS (%) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 20.00 122 $ 49,094,969.74 5.49% 359 13.63 7.061 632 82.68
20.01 - 25.00 85 31,068,026.38 3.47 357 23.27 6.991 630 83.36
25.01 - 30.00 140 52,885,997.45 5.91 359 28.22 7.030 630 81.00
30.01 - 35.00 211 77,444,005.32 8.66 357 33.15 7.061 622 84.07
35.01 - 40.00 368 135,678,880.68 15.16 358 38.27 7.206 621 84.14
40.01 - 45.00 616 231,024,107.01 25.82 359 43.08 7.148 622 84.32
45.01 - 50.00 655 277,903,613.73 31.06 358 48.10 7.049 614 84.95
50.01 - 55.00 91 39,597,747.87 4.43 357 53.25 7.100 582 69.31
====================================================================================================================================
Total: 2,288 $ 894,697,348.18 100.00% 358 40.33 7.099 619 83.48
------------------------------------------------------------------------------------------------------------------------------------
Geographic Distribution
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
STATE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Alabama 2 $ 585,462.57 0.07% 360 39.61 8.128 511 64.77
Arkansas 1 101,212.29 0.01 359 44.00 10.800 518 75.00
Arizona 23 6,479,048.96 0.72 359 36.92 7.907 598 82.43
California 1,265 539,069,279.81 60.25 358 41.05 6.775 619 82.25
Colorado 23 9,163,251.81 1.02 359 39.20 7.588 598 88.02
Connecticut 38 14,299,797.83 1.60 359 42.42 7.505 618 83.02
Delaware 1 376,347.51 0.04 359 48.00 8.450 526 90.00
Florida 94 28,493,184.50 3.18 358 39.63 7.750 614 87.75
Georgia 13 4,505,556.62 0.50 359 37.48 7.960 588 86.69
Hawaii 14 7,767,164.25 0.87 359 37.12 6.232 656 82.82
Iowa 2 205,596.18 0.02 358 43.67 9.645 609 92.77
Illinois 117 40,108,379.72 4.48 359 39.35 7.943 628 88.05
Indiana 8 1,436,169.74 0.16 359 32.16 7.955 681 90.57
Kansas 5 850,836.08 0.10 338 41.15 8.716 536 88.32
Kentucky 1 399,302.48 0.04 358 50.00 6.700 534 89.89
Louisiana 2 178,387.70 0.02 359 44.22 8.700 545 78.88
Massachusetts 78 21,983,835.85 2.46 359 40.27 7.798 621 86.36
Maryland 66 23,304,087.59 2.60 356 39.52 7.589 600 82.59
Michigan 31 9,642,228.81 1.08 359 42.30 7.963 595 84.96
Minnesota 23 8,612,919.45 0.96 359 37.55 7.628 621 84.96
Missouri 9 2,141,310.72 0.24 359 30.76 8.949 589 78.58
Mississippi 2 410,877.31 0.05 358 44.46 8.176 554 77.46
North Carolina 6 1,085,635.30 0.12 358 36.10 8.442 564 89.13
North Dakota 1 705,290.42 0.08 359 33.00 5.950 709 73.16
New Hampshire 3 1,242,224.11 0.14 359 47.39 6.492 608 72.31
New Jersey 59 22,447,594.73 2.51 359 39.17 7.325 621 85.32
New Mexico 1 144,934.47 0.02 359 37.00 9.900 800 100.00
Nevada 41 14,763,515.11 1.65 359 40.63 7.453 622 84.47
New York 238 98,488,403.40 11.01 358 39.31 7.371 630 85.51
Ohio 7 736,386.92 0.08 357 32.96 8.675 575 88.86
Oklahoma 5 806,334.67 0.09 359 37.71 9.920 547 90.71
Oregon 8 2,465,112.82 0.28 359 41.14 7.800 602 85.77
Pennsylvania 12 5,035,748.78 0.56 360 37.89 7.481 601 85.66
Rhode Island 8 3,192,305.68 0.36 360 35.60 7.746 598 85.18
South Carolina 2 167,907.76 0.02 358 29.29 9.062 532 85.18
Tennessee 5 889,412.76 0.10 359 39.76 8.307 564 90.26
Texas 22 7,083,817.63 0.79 359 35.67 7.634 620 81.41
Utah 10 2,790,828.53 0.31 358 32.35 7.097 627 76.01
Washington 32 9,958,571.11 1.11 358 37.19 7.914 605 83.46
Wisconsin 10 2,579,086.20 0.29 359 42.25 7.689 619 88.33
====================================================================================================================================
Total: 2,288 $ 894,697,348.18 100.00% 358 40.33 7.099 619 83.48
------------------------------------------------------------------------------------------------------------------------------------
Occupancy Status
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
OCCUPANCY STATUS* LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 2,152 $ 846,931,077.67 94.66% 358 40.77 7.074 617 83.40
Non-owner Occupied 116 39,968,473.68 4.47 359 30.85 7.675 659 85.98
Second Home 20 7,797,796.83 0.87 359 40.76 6.963 639 78.91
====================================================================================================================================
Total: 2,288 $ 894,697,348.18 100.00% 358 40.33 7.099 619 83.48
------------------------------------------------------------------------------------------------------------------------------------
* Based on mortgagor representation at origination.
Documentation Type
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
INCOME DOCUMENTATION LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Full Docs 1,002 $ 400,564,683.16 44.77% 357 39.97 6.600 613 81.75
Stated Docs 1,088 409,674,145.94 45.79 359 41.39 7.585 629 85.56
Limited Docs 198 84,458,519.08 9.44 358 36.94 7.110 596 81.64
====================================================================================================================================
Total: 2,288 $ 894,697,348.18 100.00% 358 40.33 7.099 619 83.48
------------------------------------------------------------------------------------------------------------------------------------
Loan Purpose
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
PURPOSE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Refi-Cash Out ** 1,371 $ 593,220,669.33 66.30% 358 40.92 6.950 605 81.29
Purchase 854 278,832,734.19 31.17 359 39.02 7.447 647 88.69
Refi-No Cashout *** 63 22,643,944.66 2.53 354 40.95 6.724 630 76.67
====================================================================================================================================
Total: 2,288 $ 894,697,348.18 100.00% 358 40.33 7.099 619 83.48
------------------------------------------------------------------------------------------------------------------------------------
** 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
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
RISK CATEGORY LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
1 1,561 $ 595,115,759.31 66.52% 358 39.84 6.924 637 85.17
2 187 79,736,794.97 8.91 356 41.22 7.208 588 81.90
3 182 76,137,769.04 8.51 358 40.07 7.053 588 82.22
4 103 42,838,326.82 4.79 356 42.66 7.561 568 78.71
5 86 37,005,195.33 4.14 359 42.10 8.011 559 72.22
6 34 12,496,788.24 1.40 359 44.75 9.803 540 68.35
A+ 73 28,169,049.31 3.15 359 41.26 7.000 632 86.69
A 32 10,608,064.49 1.19 356 39.18 7.522 592 80.79
X- 0 3,219,657.79 0.36 358 42.38 7.990 562 81.46
B 4 1,504,005.78 0.17 358 41.36 8.019 552 79.44
C 5 1,340,978.26 0.15 359 39.65 8.797 538 69.46
C- 13 6,524,958.84 0.73 359 40.67 7.710 601 82.78
====================================================================================================================================
Total: 2,288 $ 894,697,348.18 100.00% 358 40.33 7.099 619 83.48
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Property Type
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% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
PROPERTY TYPE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
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Single Family Detached 1,787 $ 707,281,285.04 79.05% 358 40.55 7.034 617 83.09
PUD Detached 197 84,649,812.46 9.46 359 40.91 7.181 607 82.76
2-4 UNITS 152 49,771,959.99 5.56 359 38.72 7.887 647 88.87
Condominium 127 44,599,341.90 4.98 357 37.51 7.091 635 85.43
Manufactured/Mobile Housing 13 3,733,806.17 0.42 359 37.74 6.912 661 77.63
PUD-Attached 7 2,702,685.55 0.30 359 42.34 7.688 593 80.17
Single Family Attached 5 1,958,457.07 0.22 359 42.41 6.912 687 91.32
====================================================================================================================================
Total: 2,288 $ 894,697,348.18 100.00% 358 40.33 7.099 619 83.48
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Prepayment Charge Term
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% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
PREPAYMENT CHARGE NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
TERM AT ORIGINATION MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
(MOS.) LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
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0 713 $ 230,417,069.09 25.75% 358 39.38 7.797 625 86.62
12 144 64,841,162.80 7.25 358 39.47 7.15 622 81.08
24 786 321,690,144.12 35.96 359 41.06 7.154 605 83.63
36 645 277,748,972.17 31.04 357 40.47 6.446 629 81.27
====================================================================================================================================
Total: 2,288 $ 894,697,348.18 100.00% 358 40.33 7.099 619 83.48
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Conforming Balance
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% OF
PRINCIPAL
PRINCIPAL BALANCE AS REMAINING
NUMBER OF BALANCE OF TERM TO DEBT- MORTGAGE
CONFORMING MORTGAGE AS OF THE THE CUT-OFF MATURITY TO- RATES
BALANCE LOANS CUT-OFF DATE DATE (months) INCOME (%) (%) FICO OLTV (%)
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Conforming Balance 191 $ 18,830,691.25 2.10% 356 37.28 9.687 596 89.68
Non-Conforming Balance 2,097 875,866,656.93 97.90 358 40.40 7.044 619 83.35
====================================================================================================================================
Total: 2,288 $ 894,697,348.18 100.00% 358 40.33 7.099 619 83.48
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Maximum Mortgage Rates of the Adjustable-Rate Loans
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% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING DEBT-
NUMBER OF RATE LOANS AS RATE LOANS TERM TO TO-
RANGE OF MAXIMUM MORTGAGE OF THE AS OF THE MATURITY INCOME MORTGAGE
MORTGAGE RATES (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) (%) RATES (%) FICO OLTV (%)
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11.000 - 11.499 34 $ 15,024,276.63 2.15% 359 44.31 5.395 633 83.26
11.500 - 11.999 172 76,249,673.83 10.90 359 41.78 5.743 631 80.93
12.000 - 12.499 207 89,953,762.09 12.85 359 40.04 6.259 628 83.14
12.500 - 12.999 334 144,467,297.28 20.65 359 40.25 6.748 615 84.55
13.000 - 13.499 217 96,181,236.43 13.74 359 40.84 7.230 614 85.00
13.500 - 13.999 286 123,456,294.83 17.64 359 41.80 7.715 599 86.55
14.000 - 14.499 159 66,988,644.16 9.57 359 40.84 8.246 603 87.40
14.500 - 14.999 107 42,053,790.29 6.01 359 39.61 8.693 582 84.91
15.000 - 15.499 99 22,855,063.14 3.27 359 41.22 9.249 577 85.74
15.500 - 15.999 47 11,249,237.83 1.61 359 42.38 9.717 556 79.69
16.000 - 16.499 19 4,739,269.96 0.68 359 39.60 10.215 559 77.72
16.500 - 16.999 14 5,342,738.83 0.76 359 44.30 10.700 533 71.11
17.000 - 17.499 3 862,249.64 0.12 358 36.98 11.110 523 68.78
17.500 - 17.999 1 344,139.98 0.05 359 50.00 11.500 501 85.00
====================================================================================================================================
Total: 1,699 $ 699,767,674.92 100.00% 359 40.94 7.234 609 84.45
------------------------------------------------------------------------------------------------------------------------------------
Minimum Mortgage Rates of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING DEBT-
NUMBER OF RATE LOANS AS RATE LOANS TERM TO TO-
RANGE OF MINIMUM MORTGAGE OF THE AS OF THE MATURITY INCOME MORTGAGE
MORTGAGE RATES (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) (%) RATES (%) FICO OLTV (%)
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5.000 - 5.499 34 $ 15,024,276.63 2.15% 359 44.31 5.395 633 83.26
5.500 - 5.999 172 76,249,673.83 10.90 359 41.78 5.743 631 80.93
6.000 - 6.499 207 89,953,762.09 12.85 359 40.04 6.259 628 83.14
6.500 - 6.999 334 144,467,297.28 20.65 359 40.25 6.748 615 84.55
7.000 - 7.499 217 96,181,236.43 13.74 359 40.84 7.230 614 85.00
7.500 - 7.999 286 123,456,294.83 17.64 359 41.80 7.715 599 86.55
8.000 - 8.499 159 66,988,644.16 9.57 359 40.84 8.246 603 87.40
8.500 - 8.999 107 42,053,790.29 6.01 359 39.61 8.693 582 84.91
9.000 - 9.499 99 22,855,063.14 3.27 359 41.22 9.249 577 85.74
9.500 - 9.999 47 11,249,237.83 1.61 359 42.38 9.717 556 79.69
10.000 - 10.499 19 4,739,269.96 0.68 359 39.60 10.215 559 77.72
10.500 - 10.999 14 5,342,738.83 0.76 359 44.30 10.700 533 71.11
11.000 - 11.499 3 862,249.64 0.12 358 36.98 11.110 523 68.78
11.500 - 11.999 1 344,139.98 0.05 359 50.00 11.500 501 85.00
====================================================================================================================================
Total: 1,699 $ 699,767,674.92 100.00% 359 40.94 7.234 609 84.45
------------------------------------------------------------------------------------------------------------------------------------
Gross Margins of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING DEBT-
NUMBER OF RATE LOANS AS RATE LOANS TERM TO TO-
RANGE OF GROSS MORTGAGE OF THE AS OF THE MATURITY INCOME MORTGAGE
MARGINS (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) (%) RATES (%) FICO OLTV (%)
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4.500 - 4.749 27 $ 10,416,444.48 1.49% 358 38.39 7.213 623 86.50
5.000 - 5.249 56 21,555,800.33 3.08 360 38.24 7.675 627 88.18
5.500 - 5.749 105 42,480,206.27 6.07 359 40.64 7.266 611 85.13
6.000 - 6.249 1,494 619,758,623.95 88.57 359 41.09 7.209 609 84.30
6.250 - 6.449 1 337,147.63 0.05 359 45.00 5.750 614 90.00
6.500 - 6.749 9 3,137,839.85 0.45 357 43.44 7.844 559 81.65
7.000 - 7.249 7 2,081,612.41 0.30 359 38.24 9.044 542 69.74
====================================================================================================================================
Total: 1,699 $ 699,767,674.92 100.00% 359 40.94 7.234 609 84.45
------------------------------------------------------------------------------------------------------------------------------------
Next Rate Adjustment Date of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING DEBT-
NEXT RATE NUMBER OF RATE LOANS AS RATE LOANS TERM TO TO-
ADJUSTMENT MORTGAGE OF THE AS OF THE MATURITY INCOME MORTGAGE
DATE LOANS CUT-OFF DATE CUT-OFF DATE (months) (%) RATES (%) FICO OLTV (%)
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2006-03 1 $ 452,016.33 0.06% 352 45.00 5.600 605 80.00
2006-04 1 497,080.33 0.07 353 41.00 7.000 516 73.31
2006-05 1 149,538.82 0.02 354 45.00 9.400 605 100.00
2006-06 12 4,623,313.81 0.66 355 44.83 7.252 598 80.36
2006-07 18 5,510,792.01 0.79 356 41.54 7.733 570 83.54
2006-08 16 4,867,191.61 0.70 357 42.99 7.176 597 85.66
2006-09 84 31,871,917.89 4.55 358 39.67 6.802 607 84.09
2006-10 814 336,396,179.42 48.07 359 41.01 7.218 606 84.08
2006-11 162 68,633,085.86 9.81 360 41.96 7.435 608 84.40
2006-12 201 87,974,926.00 12.57 360 41.43 7.218 596 84.10
2007-04 2 481,493.34 0.07 353 28.40 7.225 584 84.91
2007-06 1 336,430.91 0.05 355 34.00 8.350 581 90.00
2007-07 2 462,401.29 0.07 356 48.00 7.675 533 84.35
2007-08 10 3,691,759.27 0.53 357 42.40 7.067 593 83.67
2007-09 22 8,860,188.10 1.27 358 43.92 6.813 618 83.60
2007-10 235 95,150,113.01 13.60 359 40.57 7.333 627 85.40
2007-11 55 23,526,648.92 3.36 359 40.59 7.440 628 86.48
2007-12 62 26,282,598.00 3.76 360 36.73 7.025 640 86.84
====================================================================================================================================
Total: 1,699 $ 699,767,674.92 100.00% 359 40.94 7.234 609 84.45
------------------------------------------------------------------------------------------------------------------------------------
Initial Periodic Cap of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING DEBT-
INITIAL NUMBER OF RATE LOANS AS RATE LOANS TERM TO TO-
PERIODIC MORTGAGE OF THE AS OF THE MATURITY INCOME MORTGAGE
RATE CAP (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) (%) RATES (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2.000 1,699 $ 699,767,674.92 100.00% 359 40.94 7.234 609 84.45
====================================================================================================================================
Total: 1,699 $ 699,767,674.92 100.00% 359 40.94 7.234 609 84.45
------------------------------------------------------------------------------------------------------------------------------------
Subsequent Periodic Cap of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF
ADJUSTABLE ADJUSTABLE REMAINING DEBT-
SUBSEQUENT NUMBER OF RATE LOANS AS RATE LOANS TERM TO TO-
PERIODIC MORTGAGE OF THE AS OF THE MATURITY INCOME MORTGAGE
RATE CAP (%) LOANS CUT-OFF DATE CUT-OFF DATE (months) (%) RATES (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
1.000 1,699 $ 699,767,674.92 100.00% 359 40.94 7.234 609 84.45
====================================================================================================================================
Total: 1,699 $ 699,767,674.92 100.00% 359 40.94 7.234 609 84.45
------------------------------------------------------------------------------------------------------------------------------------
