EXHIBIT 99.1
The mortgage loans delivered to the Trust (the "Mortgage Loans")
consist of conventional, one-to four- family, adjustable-rate and fixed-rate
mortgage loans. The Depositor purchased the Mortgage Loans from the Seller
pursuant to the Mortgage Loan Purchase Agreement, dated September 3, 2004 (the
"Mortgage Loan Purchase Agreement"), between the Seller and the Depositor.
Pursuant to the Pooling and Servicing Agreement, dated September 1, 2004 (the
"Pooling and Servicing Agreement"), among the Depositor, the Master Servicer and
the Trustee, the Depositor caused the Mortgage Loans to be assigned to the
Trustee for the benefit of the certificateholders.
The Mortgage Loans are 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 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 0.90% of the Group I Mortgage Loans are secured by
second liens.
Each adjustable-rate Mortgage Loan will accrue interest at the
adjustable-rate calculated as specified under the terms of the related mortgage
note and each fixed-rate Mortgage Loan will have a Mortgage Rate that is fixed
for the life of such Mortgage (each such rate, a "Mortgage Rate").
Approximately 90.97% and approximately 9.03% of the Mortgage Loans, by
aggregate scheduled principal balance as of the Cut-off Date, were originated by
the Seller's wholesale lending affiliates, Argent Mortgage Company, LLC
("Argent") and Olympus Mortgage Company ("Olympus" and together with Argent, the
"Originators"), respectively.
Each adjustable-rate Mortgage Loan will accrue interest at a Mortgage
Rate that is adjustable. The adjustable-rate Mortgage Loans will provide for
semi-annual adjustment to the Mortgage Rate thereon and for corresponding
adjustments to the monthly payment amount due thereon, in each case on each
adjustment date applicable thereto (each such date, an "Adjustment Date");
provided, that the first adjustment for approximately 75.76% of the
adjustable-rate Group I Mortgage Loans and approximately 77.90% of the
adjustable-rate Group II Mortgage Loans will occur after an initial period of
two years after origination, and the first adjustment for approximately 24.24%
of the adjustable-rate Group I Mortgage Loans and approximately 22.10% of the
adjustable-rate Group II Mortgage Loans will occur after an initial period of
three years after origination. On each Adjustment Date for each adjustable-rate
Mortgage Loan, the Mortgage Rate thereon will be adjusted (subject to rounding)
to equal the sum of the applicable Index (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% per annum on the first related
Adjustment Date (the "Initial Periodic Rate Cap") and will not increase or
decrease by more than 1% 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 have scheduled monthly payments due on the first day
of the month (with respect to each Mortgage Loan, a "Due Date"). Each Mortgage
Loan contains 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.
For purposes of calculating interest and principal distributions on the
Class A Certificates, the Mortgage Loans will be divided into two loan groups,
designated as the "Group I Mortgage Loans" and the "Group II Mortgage Loans."
The Group I Mortgage Loans will consist of adjustable-rate and fixed-rate
mortgage loans with principal balances at origination that conform to Freddie
Mac and Xxxxxx Xxx loan limits and the Group II Mortgage Loans will consist of
adjustable-rate and fixed-rate mortgage loans with principal balances at
origination that may or may not conform to Freddie Mac or Xxxxxx Xxx loan
limits.
Approximately 70.14% of the Group I Mortgage Loans and approximately
76.92% of the Group II Mortgage Loans, in each case by aggregate scheduled
principal balances of the related loan group as of the Cut-off Date, provide for
payment by the mortgagor of a prepayment charge on certain principal
prepayments, subject to certain limitations in the related mortgage note and
limitations upon collection in the Pooling and Servicing Agreement. Generally,
each such Mortgage Loan provides for payment of a prepayment charge on certain
prepayments made within a defined period set forth in the related Mortgage Note
(generally within the first three years but possibly as short as one year from
the date of origination of such Mortgage Loan). The amount of the prepayment
charge is as provided in the related Mortgage Note. The holders of the Class P
Certificates will be entitled to all prepayment charges received on the Mortgage
Loans in each loan group, and such amounts will not be available for
distribution on the other classes of Certificates. Under certain instances, as
described under the terms of the Pooling and Servicing Agreement, the Master
Servicer may waive the payment of any otherwise applicable prepayment charge.
Investors should conduct their own analysis of the effect, if any, that the
prepayment charges, and decisions by the Master Servicer with respect to the
waiver thereof, may have on the prepayment performance of the Mortgage Loans.
The Depositor makes no representation as to the effect that the prepayment
charges, and decisions by the Master Servicer with respect to the waiver
thereof, may have on the prepayment performance of the Mortgage Loans.
COLLATERAL TYPE
---------------
PRINCIPAL REMAINING
BALANCE % OF PRINCIPAL TERM TO MEMORTGAGE
NUMBER OF AS OF BALANCE AS OF MATURITY DEBT-TO-INC RATES OLTV
COLLATERAL TYPE MORTGAGE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
--------------- -------------- ---------------- ---------------- -------- --- --- ---- ---
2 YEAR ARMS 10,154 $1,665,481,861.31 55.52% 357 39.05 7.641 617 84.57
3 YEAR ARMS 2,893 508,664,398.93 16.96 358 38.62 7.612 630 86.87
FIXED 5,298 825,853,710.79 27.53 346 38.37 7.216 628 80.62
====== ================= ====== === ===== ===== === =====
TOTAL: 18,345 $2,999,999,971.03 100.00% 354 38.79 7.519 622 83.87
PRINCIPAL BALANCES AT ORIGINATION
---------------------------------
PRINCIPAL % OF REMAINING
RANGE OF BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PRINCIPAL BALANCES NUMBER OF AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
AT ORIGINATION ($) MORTGAGE LOANS ORIGINATION ORIGINATION (MONTHS)* (%)* (%)* FICO* (%)*
------------------ -------------- ----------- ----------- --------- ---- ---- ----- ----
<= 50,000 539 $ 21,113,201.00 0.70% 339 35.98 9.777 625 50.49
50,000.01 - 100,000.00 5,752 431,675,601.00 14.36 349 36.35 8.102 608 81.60
100,000.01 - 150,000.00 4,378 542,191,358.00 18.03 353 37.47 7.741 616 84.30
150,000.01 - 200,000.00 2,753 477,771,994.00 15.89 355 38.91 7.586 619 84.26
200,000.01 - 250,000.00 1,607 360,356,560.00 11.99 356 39.57 7.418 624 84.58
250,000.01 - 300,000.00 1,149 313,911,582.00 10.44 356 39.90 7.314 624 84.60
300,000.01 - 350,000.00 731 236,951,433.00 7.88 356 39.73 7.144 633 85.34
350,000.01 - 400,000.00 567 212,061,586.00 7.05 357 40.27 7.192 635 85.68
400,000.01 - 450,000.00 377 159,897,137.00 5.32 356 41.19 7.152 634 85.17
450,000.01 - 500,000.00 348 167,417,024.00 5.57 357 40.15 7.166 634 84.13
500,000.01 - 550,000.00 80 42,358,447.00 1.41 356 39.18 6.612 654 83.46
550,000.01 - 600,000.00 27 15,644,300.00 0.52 359 41.71 6.873 598 79.75
600,000.01 - 650,000.00 17 10,811,349.00 0.36 358 40.09 6.299 641 81.49
650,000.01 - 700,000.00 5 3,354,165.00 0.11 359 39.85 6.229 640 76.33
700,000.01 - 750,000.00 15 10,948,458.00 0.36 358 34.43 6.497 632 76.82
====== ============= ==== === ===== ===== === =====
TOTAL: 18,345 $3,006,464,195.00 100.00% 354 38.80 7.518 622 83.87
----------
* Based on the original balances of the Mortgage Loans.
PRINCIPAL BALANCES AS OF THE CUT-OFF DATE
-----------------------------------------
PRINCIPAL % OF REMAINING
RANGE OF BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PRINCIPAL BALANCES AS OF NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
THE CUT-OFF DATE ($) MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------ -------------- ----------- ----------- --------- ---- ---- ----- ----
<= 50,000.00 559 $ 22,046,060.73 0.73% 338 35.97 9.698 624 51.71
50,000.01 - 100,000.00 5,737 430,239,422.49 14.34 349 36.33 8.103 608 81.59
100,000.01 - 150,000.00 4,390 543,144,508.18 18.10 353 37.48 7.741 616 84.35
150,000.01 - 200,000.00 2,741 475,255,363.11 15.84 355 38.89 7.583 619 84.23
200,000.01 - 250,000.00 1,608 360,039,450.71 12.00 356 39.56 7.420 624 84.59
250,000.01 - 300,000.00 1,152 314,419,652.24 10.48 356 39.94 7.312 624 84.59
300,000.01 - 350,000.00 731 236,863,153.99 7.90 356 39.62 7.151 633 85.35
350,000.01 - 400,000.00 566 211,657,277.67 7.06 357 40.30 7.193 635 85.71
400,000.01 - 450,000.00 374 158,580,858.35 5.29 356 41.23 7.140 634 85.21
450,000.01 - 500,000.00 343 164,806,840.88 5.49 357 40.11 7.180 633 84.05
500,000.01 - 550,000.00 80 42,267,480.62 1.41 356 39.18 6.612 654 83.46
550,000.01 - 600,000.00 27 15,627,479.92 0.52 359 41.71 6.873 598 79.75
600,000.01 - 650,000.00 17 10,793,435.42 0.36 358 40.10 6.300 641 81.49
650,000.01 - 700,000.00 5 3,348,533.29 0.11 359 39.85 6.229 640 76.34
700,000.01 - 750,000.00 15 10,910,453.43 0.36 358 34.44 6.498 632 76.83
====== ============= ======= === ===== ===== === =====
TOTAL: 18,345 $ 2,999,999,971.03 100.00% 354 38.79 7.519 622 83.87
REMAINING TERM TO MATURITY
--------------------------
PRINCIPAL % OF REMAINING
RANGE OF BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MONTHS NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
REMAINING ($) MORTGAGE LOANS CUT-OFF DATE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)*
------------------ -------------- ----------- ----------- --------- ---- ---- ----- ----
120 - 180 346 $ 34,926,255.12 1.16% 177 36.11 7.439 623 77.11
181 - 240 306 33,150,867.54 1.11 237 37.89 7.424 628 74.56
241 - 360 17,693 2,931,922,848.37 97.73 358 38.83 7.521 622 84.06
====== ================ ===== === ===== ===== === =====
TOTAL: 18,345 $ 2,999,999,971.03 100.00% 354 38.79 7.519 622 83.87
MORTGAGE RATE
-------------
PRINCIPAL % OF REMAINING
RANGE OF BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MONTHS NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
REMAINING ($) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)*
------------------ -------------- ----------- ----------- --------- ---- ---- ----- ----
4.000 - 4.499 1 $ 429,690.91 0.01% 356 49.00 4.450 664 83.08
4.500 - 4.999 20 4,676,772.97 0.16 352 43.26 4.844 650 78.51
5.000 - 5.499 177 46,647,038.45 1.55 353 38.14 5.282 676 75.21
5.500 - 5.999 926 233,479,797.69 7.78 352 39.28 5.805 662 78.09
6.000 - 6.499 1,197 244,825,953.30 8.16 354 39.83 6.253 645 80.89
6.500 - 6.999 2,559 496,255,794.06 16.54 354 39.22 6.754 639 83.32
7.000 - 7.499 2,634 457,052,651.21 15.24 354 38.77 7.243 628 85.19
7.500 - 7.999 3,635 580,400,666.37 19.35 355 38.38 7.739 616 86.35
8.000 - 8.499 2,524 367,440,663.98 12.25 356 38.36 8.225 608 87.20
8.500 - 8.999 2,270 309,735,390.87 10.32 355 37.98 8.708 595 87.08
9.000 - 9.499 1,064 130,119,092.22 4.34 354 38.70 9.209 583 86.03
9.500 - 9.999 521 62,012,126.61 2.07 355 38.69 9.720 573 82.68
10.000 - 10.499 231 26,209,302.87 0.87 353 40.60 10.216 563 75.39
10.500 - 10.999 200 17,357,838.03 0.58 350 40.84 10.742 583 56.74
11.000 - 11.499 162 10,496,278.57 0.35 346 40.44 11.221 603 43.48
11.500 - 11.999 123 7,611,121.47 0.25 352 38.32 11.696 588 43.19
12.000 - 12.499 75 3,807,018.81 0.13 358 39.34 12.197 601 35.92
12.500 - 12.999 26 1,442,772.64 0.05 352 41.07 12.625 600 32.06
====== ================== ====== === ===== ====== === =====
TOTAL: 18,345 $ 2,999,999,971.03 100.00% 354 38.79 7.519 622 83.87
ORIGINAL LOAN-TO-VALUE RATIOS
-----------------------------
PRINCIPAL % OF REMAINING
RANGE OF BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
ORIGINAL LOAN-TO- NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
VALUE RATIOS ($) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------ -------------- ------------ ---------------- --------- ---- ---- ----- ----
<= 25.00 443 $ 20,164,264.70 0.67% 341 39.26 11.057 660 20.05
25.01 - 30.00 8 1,118,122.75 0.04 358 43.25 7.308 598 28.01
30.01 - 35.00 26 3,477,936.27 0.12 346 40.00 6.870 637 32.36
35.01 - 40.00 20 1,945,565.79 0.06 333 40.18 7.102 594 37.71
40.01 - 45.00 34 5,494,900.84 0.18 340 38.22 7.026 625 42.56
45.01 - 50.00 76 10,723,844.45 0.36 346 38.74 7.398 610 48.21
50.01 - 55.00 102 14,289,071.97 0.48 337 37.06 7.213 616 53.09
55.01 - 60.00 213 35,313,382.71 1.18 345 36.99 7.220 622 58.07
60.01 - 65.00 429 72,349,836.08 2.41 349 38.82 7.384 605 63.55
65.01 - 70.00 634 101,623,758.54 3.39 351 39.96 7.614 595 68.90
70.01 - 75.00 1,359 211,971,462.64 7.07 353 39.80 7.519 590 74.27
75.01 - 80.00 3,788 612,471,775.14 20.42 353 38.51 7.076 627 79.56
80.01 - 85.00 3,062 491,220,702.07 16.37 355 38.69 7.315 607 84.42
85.01 - 90.00 5,654 938,551,714.97 31.29 356 37.99 7.692 624 89.76
90.01 - 95.00 2,279 438,454,855.15 14.62 355 40.52 7.801 646 94.80
95.01 - 100.00 218 40,828,776.96 1.36 356 37.53 8.429 687 99.94
====== ================= ======= === ===== ===== === =====
TOTAL: 18,345 $2,999,999,971.03 100.00% 354 38.79 7.519 622 83.87
FICO SCORE AT ORIGINATION
-------------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
SCORES MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------- -------------- ----------- ----------- --------- ---- ---- ----- ----
500 - 519 668 $ 91,191,384.67 3.04% 356 41.42 8.637 509 76.80
520 - 539 1,056 141,641,388.96 4.72 355 40.58 8.447 530 77.67
540 - 559 1,657 241,771,916.16 8.06 355 40.23 8.152 552 81.71
560 - 579 1,804 278,808,633.69 9.29 355 39.79 7.996 569 83.64
580 - 599 2,023 319,603,988.27 10.65 354 39.34 7.615 589 84.27
600 - 619 2,513 419,220,497.46 13.97 354 39.04 7.480 609 85.45
620 - 639 2,507 427,933,199.40 14.26 353 38.51 7.366 629 84.66
640 - 659 1,850 316,224,151.09 10.54 354 38.35 7.240 650 85.12
660 - 679 1,411 242,937,311.80 8.10 354 37.88 7.114 669 84.46
680 - 699 1,169 205,805,810.62 6.86 354 37.62 7.036 689 85.02
700 - 719 679 119,906,633.05 4.00 355 37.11 6.997 709 85.37
720 - 739 439 84,437,566.97 2.81 355 35.91 6.929 729 84.52
740 - 759 300 58,477,128.63 1.95 355 36.84 6.882 749 84.28
760 - 779 200 38,855,252.21 1.30 354 36.98 6.957 769 84.23
780 - 799 66 12,608,131.56 0.42 354 35.72 6.711 789 78.62
800 - 819 3 576,976.49 0.02 357 28.03 6.904 806 88.20
====== ================= ====== === ===== ===== === =====
TOTAL: 18,345 $2,999,999,971.03 100.00% 354 38.79 7.519 622 83.87
DEBT-TO-INCOME RATIO
--------------------
PRINCIPAL % OF REMAINING
RANGE OF BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
ORIGINAL DEBT-TO- NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
INCOME RATIOS ($) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------ -------------- ----------- ----------- --------- ---- ---- ----- ----
<= 20.00 1,163 $ 162,658,229.49 5.42% 352 14.15 7.621 637 83.60
20.01 - 25.00 1,149 160,150,302.42 5.34 353 23.20 7.610 631 83.36
25.01 - 30.00 1,732 244,077,869.01 8.14 352 28.13 7.583 623 83.58
30.01 - 35.00 2,334 348,675,709.52 11.62 354 33.14 7.520 627 83.45
35.01 - 40.00 3,162 511,625,913.57 17.05 355 38.12 7.485 626 83.73
40.01 - 45.00 4,117 720,696,636.34 24.02 355 43.11 7.486 627 84.29
45001 - 50.00 4,242 773,070,678.78 25.77 355 48.07 7.496 613 85.44
50.01 - 55.00 446 79,044,631.90 2.63 353 53.10 7.676 580 69.99
====== ================ ======= === ===== ===== === =====
TOTAL: 18,345 $2,999,999,971.03 100.00% 354 38.79 7.519 622 83.87
GEOGRAPHIC DISTRIBUTION
-----------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
STATE MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----- -------------- ----------- ----------- --------- ------- ---- ----- ----
California 2,982 $ 769,657,305.70 25.66% 355 40.42 7.012 625 81.02
Florida 2,096 295,940,304.02 9.86 355 39.00 7.725 621 84.87
New York 861 236,939,968.19 7.90 355 39.68 7.495 629 85.05
Illinois 1,436 229,948,272.69 7.66 355 38.69 7.985 623 85.95
Arizona 970 115,255,357.35 3.84 353 36.76 7.590 621 85.09
Texas 994 112,026,454.27 3.73 343 35.66 8.039 600 84.02
Michigan 1,050 111,337,325.99 3.71 356 37.61 7.963 604 84.93
Massachusetts 359 89,226,275.13 2.97 356 39.81 7.254 630 82.32
Nevada 436 78,711,235.30 2.62 357 38.56 7.792 629 84.43
Maryland 385 69,519,591.83 2.32 354 39.19 7.593 617 84.28
Georgia 473 65,553,005.03 2.19 355 36.74 7.797 621 86.27
New Jersey 300 64,710,183.96 2.16 357 36.17 7.575 642 87.14
Hawaii 195 60,018,072.14 2.00 356 36.67 6.214 669 79.87
Minnesota 335 59,546,245.80 1.98 357 38.35 7.576 624 86.83
Washington 367 57,419,961.11 1.91 356 38.40 7.547 626 83.18
Colorado 336 56,930,088.31 1.90 357 39.66 7.378 619 85.45
Connecticut 278 53,203,603.52 1.77 357 38.49 7.893 626 85.78
Pennsylvania 397 47,292,044.84 1.58 351 39.59 7.832 602 84.71
Ohio 444 40,117,464.10 1.34 350 37.79 7.689 594 85.53
Indiana 442 38,632,719.35 1.29 353 37.08 7.867 624 86.72
Other 3,209 348,014,492.40 11.60 352 37.73 7.845 616 84.62
===== ================ ======= === ===== ===== === =====
TOTAL: 18,345 $2,999,999,971.03 100.00% 354 38.79 7.519 622 83.87
OCCUPANCY STATUS
----------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OCCUPANCY NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
STATUS MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%)* (%)* FICO* (%)*
----- -------------- ----------- ----------- --------- ------- ---- ----- ----
Owner Occupied 15,005 $2,550,591,813.57 85.02% 354 39.85 7.459 617 83.51
Non-owner Occupied 3,058 402,335,982.78 13.41 355 31.94 7.937 652 86.02
Second Home 282 47,072,174.68 1.57 355 40.00 7.191 656 84.81
====== ================= ====== === ===== ===== === =====
TOTAL: 18,345 $2,999,999,971.03 100.00% 354 38.79 7.519 622 83.87
----------
* Based on mortgagor representation at origination.
DOCUMENTATION TYPE
------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
INCOME NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
DOCUMENTATION MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------- -------------- ----------- ----------- --------- ------- ---- ----- ----
Full Docs 8,422 $1,201,893,336.78 40.06% 353 38.89 7.313 609 82.00
Stated Docs 9,247 1,687,946,949.30 56.26 355 38.93 7.663 633 85.18
Limited Docs 676 110,159,684.95 3.67 354 35.65 7.567 612 84.15
======= ================= ======= === ===== ===== === =====
TOTAL: 18,345 $2,999,999,971.03 100.00% 354 38.79 7.519 622 83.87
LOAN PURPOSE
------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
PURPOSE MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%)* (%)* FICO* (%)*
------------- --------------- ------------ ---------------- --------- ------- ----- ----- -----
REFI-CASH OUT** 10,428 $1,784,203,585.62 59.47% 353 39.36 7.425 609 82.66
PURCHASE 6,599 1,024,992,682.08 34.17 357 37.80 7.708 647 86.35
REFI-NO CASHOUT*** 1,318 190,803,703.33 6.36 350 38.82 7.388 612 81.86
======= ================= ======= === ===== ===== === =====
TOTAL: 18,345 $2,999,999,971.03 100.00% 354 38.79 7.519 622 83.87
----------
** 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 REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RISK CATEGORY MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------- --------------- ------------ ---------------- --------- ------- ----- ----- -----
1 12,513 $ 2,042,981,199.15 68.10% 355 38.43 7.373 636 85.21
2 1,417 236,859,677.73 7.90 354 39.45 7.718 596 84.74
3 1,328 208,117,795.90 6.94 355 39.03 7.752 588 84.19
4 872 121,941,174.91 4.06 353 38.53 8.060 584 81.27
5 618 91,929,826.41 3.06 356 40.43 8.353 564 73.30
6 202 27,212,602.54 0.91 357 42.59 10.208 549 66.89
A 322 56,964,662.81 1.90 351 40.64 7.374 601 77.43
A- 70 13,771,056.40 0.46 357 42.14 8.062 544 79.62
A+ 784 158,790,657.58 5.29 350 39.13 7.107 629 80.77
B 49 8,596,455.66 0.29 358 40.19 8.362 570 76.19
C 38 6,975,519.06 0.23 353 41.53 8.468 562 72.41
C- 132 25,859,342.88 0.86 357 41.48 9.046 556 76.66
======= ================= ====== === ===== ===== === =====
TOTAL: 18,345 $2,999,999,971.03 00.00% 354 38.79 7.519 622 83.87
PROPERTY TYPE
-------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
PROPERTY TYPE MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------- --------------- ------------ ---------------- --------- ------- ----- ----- -----
Single Family Detached 12,983 $2,094,824,465.63 69.83% 354 39.11 7.499 617 83.87
Two-to-Four Family 1,490 324,399,975.25 10.81 355 37.57 7.590 643 84.36
PUD Detached 1,448 268,181,374.95 8.94 355 38.68 7.557 624 84.88
Condominium 1,162 180,142,848.28 6.00 356 38.02 7.612 640 84.74
Manufactured/Mobile Housing 1,167 118,284,179.89 3.94 351 37.79 7.440 624 78.82
PUD Attached 66 10,308,665.06 0.34 357 39.74 7.727 616 84.62
Single Family Attached 29 3,858,461.97 0.13 352 41.26 7.416 621 83.52
====== ================= ======= === ===== ===== === =====
TOTAL: 18,345 $2,999,999,971.03 100.00% 354 38.79 7.519 622 83.87
PREPAYMENT CHARGE TERM AT ORIGINATION
-------------------------------------
PRINCIPAL % OF REMAINING
PREPAYMENT BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
CHARGE TERM AT NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
ORGINIATION MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------- --------------- ------------ ---------------- --------- ------- ----- ----- -----
0 5,311 $ 836,498,036.77 27.88% 354 38.28 7.849 623 84.19
12 808 177,838,433.67 5.93 354 38.82 7.596 630 84.04
24 6,129 1,007,267,108.46 33.58 357 39.07 7.570 617 84.78
36 6,097 978,396,392.13 32.61 352 38.94 7.171 626 82.63
====== ================== ======= === ===== ===== === =====
TOTAL: 18,345 $ 2,999,999,971.03 100.00% 354 38.79 7.519 622 83.87
CONFORMING BALANCE
------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
CONFORMING NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
BALANCE MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
---------- --------------- ------------ ---------------- --------- ------- ----- ----- -----
Conforming Balance 16,993 $ 2,422,815,336.93 80.76% 354 38.39 7.625 620 83.70
Non-Conforming Balance 1,352 577,184,634.10 19.24 357 40.48 7.074 632 84.60
====== ================== ======= === ===== ===== === =====
TOTAL: 18,345 $ 2,999,999,971.03 100.00% 354 38.79 7.519 622 83.87
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
---------------------------------------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF MAXIMUM NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
MORTGAGE RATES(%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------- --------------- ------------ ---------------- --------- ------- ----- ----- --------
10.000 - 10.499 1 $ 429,690.91 0.02% 356 49.00 4.450 664 83.08
10.500 - 10.999 20 4,676,772.97 0.22 352 43.26 4.844 650 78.51
11.000 - 11.499 115 26,875,349.88 1.25 354 39.75 5.297 658 78.84
11.500 - 11.999 501 114,141,088.86 5.30 357 40.02 5.790 658 81.28
12.000 - 12.499 754 154,000,056.84 7.15 357 40.14 6.263 646 82.57
12.500 - 12.999 1,720 336,607,068.52 15.62 358 39.29 6.760 641 84.83
13.000 - 13.499 1,870 345,376,685.07 16.03 357 39.00 7.245 629 86.27
13.500 - 13.999 2,621 443,993,550.84 20.60 357 38.43 7.743 616 87.25
14.000 - 14.499 1,943 298,093,651.11 13.83 358 38.58 8.225 607 87.85
14.500 - 14.999 1,709 249,795,266.78 11.59 358 37.91 8.706 594 87.70
15.000 - 15.499 742 99,214,353.89 4.60 358 39.16 9.209 584 86.87
15.500 - 15.999 315 42,469,406.37 1.97 358 39.01 9.725 568 82.75
16.000 - 16.499 141 18,539,673.50 0.86 358 41.52 10.223 551 76.29
16.500 - 16.999 80 11,105,024.02 0.52 358 41.82 10.730 546 69.15
17.000 - 17.499 44 5,077,764.56 0.24 358 41.70 11.240 536 64.83
17.500 - 17.999 30 3,296,504.72 0.15 357 36.13 11.711 532 65.27
18.000 - 18.499 11 981,186.20 0.05 358 46.23 12.103 532 70.02
18.500 - 18.999 5 433,747.85 0.02 359 45.09 12.701 527 60.14
====== ================== ======= === ===== ====== === =====
TOTAL: 12,622 $ 2,155,106,842.89 100.00% 357 38.95 7.602 620 85.68
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
---------------------------------------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF MINIMUM NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
MORTGAGE RATES(%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------- --------------- ------------ ---------------- --------- ------- ----- ----- --------
4.000 - 4.499 1 $ 429,690.91 0.02% 356 49.00 4.450 664 83.08
4.500 - 4.999 20 4,676,772.97 0.22 352 43.26 4.844 650 78.51
5.000 - 5.499 115 26,875,349.88 1.25 354 39.75 5.297 658 78.84
5.500 - 5.999 501 114,141,088.86 5.30 357 40.02 5.790 658 81.28
6.000 - 6.499 754 154,000,056.84 7.15 357 40.14 6.263 646 82.57
6.500 - 6.999 1,720 336,607,068.52 15.62 358 39.29 6.760 641 84.83
7.000 - 7.499 1,870 345,376,685.07 16.03 357 39.00 7.245 629 86.27
7.500 - 7.999 2,621 443,993,550.84 20.60 357 38.43 7.743 616 87.25
8.000 - 8.499 1,943 298,093,651.11 13.83 358 38.58 8.225 607 87.85
8.500 - 8.999 1,709 249,795,266.78 11.59 358 37.91 8.706 594 87.70
9.000 - 9.499 742 99,214,353.89 4.60 358 39.16 9.209 584 86.87
9.500 - 9.999 315 42,469,406.37 1.97 358 39.01 9.725 568 82.75
10.000 - 10.499 141 18,539,673.50 0.86 358 41.52 10.223 551 76.29
10.500 - 10.999 80 11,105,024.02 0.52 358 41.82 10.730 546 69.15
11.000 - 11.499 44 5,077,764.56 0.24 358 41.70 11.240 536 64.83
11.500 - 11.999 30 3,296,504.72 0.15 357 36.13 11.711 532 65.27
12.000 - 12.499 11 981,186.20 0.05 358 46.23 12.103 532 70.02
12.500 - 12.999 5 433,747.85 0.02 359 45.09 12.701 527 60.14
====== ================== ======= === ===== ====== === =====
TOTAL: 12,622 $ 2,155,106,842.89 100.00% 357 38.95 7.602 620 85.68
MARGINS OF THE ADJUSTABLE-RATE LOANS
------------------------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF MORTGAGE NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
MARGINS (%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%)* (%)* FICO (%)*
----------------- --------------- ------------ ---------------- --------- ------- ----- ----- --------
4.500 - 4.749 1,332 $ 198,026,320.70 9.19% 355 38.61 7.529 605 84.86
4.750 - 4.999 2 384,328.95 0.02 357 45.00 6.450 557 81.61
5.000 - 5.249 4 639,468.45 0.03 359 40.84 9.154 628 91.89
5.500 - 5.749 811 164,779,273.73 7.65 358 40.12 7.482 605 84.26
5.750 - 5.999 1 280,000.00 0.01 360 45.00 6.650 774 80.00
6.000 - 6.249 9,828 1,681,699,831.97 78.03 358 38.87 7.616 624 86.16
6.250 - 6.499 7 880,446.54 0.04 355 36.42 8.514 584 78.72
6.500 - 6.749 540 92,023,941.09 4.27 354 38.62 7.333 606 84.11
6.750 - 6.999 1 119,295.36 0.01 354 48.00 6.250 624 88.24
7.000 - 7.249 96 16,273,936.10 0.76 358 41.09 9.708 539 69.68
====== ================== ======= === ===== ===== === =====
TOTAL: 12,622 $ 2,155,106,842.89 100.00% 357 38.95 7.602 620 85.68
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------
PRINCIPAL % OF REMAINING
NEXT RATE BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
ADJUSTMENT NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
DATE MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%)* (%)* FICO (%)*
--------- --------------- ------------ ---------------- --------- ------- ----- ----- --------
2005-12 13 $ 2,620,271.74 0.12% 351 40.54 7.454 600 87.46
2006-01 170 28,693,244.02 1.33 351 39.64 7.422 586 84.04
2006-02 130 21,868,164.04 1.01 353 38.39 7.131 613 85.41
2006-03 243 38,736,368.78 1.80 353 38.41 7.241 606 83.83
2006-04 368 53,297,688.19 2.47 354 38.89 7.569 593 85.30
2006-05 385 57,872,084.62 2.69 355 39.02 7.432 608 82.43
2006-06 785 132,234,300.75 6.14 357 39.57 7.592 607 85.24
2006-07 4,864 820,002,484.75 38.05 358 39.07 7.608 623 85.84
2006-08 2,477 444,294,821.28 20.62 359 39.04 7.651 616 85.30
2006-09 296 47,138,065.00 2.19 359 38.07 7.838 597 81.89
2006-12 1 211,526.71 0.01 351 45.00 7.450 589 74.74
2007-01 11 2,372,197.57 0.11 352 31.03 7.243 592 88.82
2007-02 20 4,165,336.44 0.19 353 41.56 7.013 618 88.18
2007-03 32 6,523,358.30 0.30 354 36.21 7.212 626 90.69
2007-04 96 15,464,932.59 0.72 355 38.79 7.619 606 85.98
2007-05 98 14,279,185.40 0.66 356 42.81 7.422 585 81.83
2007-06 216 39,661,628.53 1.84 357 39.88 7.624 615 86.69
2007-07 1,512 269,270,526.90 12.49 358 38.31 7.607 638 87.01
2007-08 809 142,637,949.28 6.62 359 38.49 7.650 630 87.30
2007-09 96 13,762,708.00 0.64 360 39.32 7.902 605 84.03
====== ================== ======= === ===== ===== === =====
TOTAL: 12,622 $ 2,155,106,842.89 100.00% 357 38.95 7.602 620 85.68
INITIAL PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
INITIAL PERIODIC NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATE CAP (%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)*
--------------- --------------- ------------ ---------------- --------- ------- ----- ----- --------
2.000 12,622 $ 2,155,106,842.89 100.00% 357 38.95 7.602 620 85.68
====== ================== ====== === ===== ===== === =====
TOTAL: 12,622 $ 2,155,106,842.89 100.00% 357 38.95 7.602 620 85.68
SUBSEQUENT PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
---------------------------------------------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
INITIAL PERIODIC NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATE CAP (%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)*
--------------- --------------- ------------ ---------------- --------- ------- ----- ----- --------
1.000 12,622 $2,155,106,842.89 100.00% 357 38.95 7.602 620 85.68
====== ================= ====== === ===== ===== === =====
TOTAL: 12,622 $2,155,106,842.89 100.00% 357 38.95 7.602 620 85.68
GROUP I MORTGAGE LOAN STATISTICS
The Group I Mortgage Loans consist of 14,253 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $2,126,722,864 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 I Mortgage Loans had a first Due Date prior to
January 1, 2004 or after October 1, 2004, or will have a remaining term to
stated maturity of less than 172 months or greater than 360 months as of the
Cut-off Date. The latest maturity date of any Group I Mortgage Loan is September
1, 2034.
COLLATERAL TYPE
---------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
COLLATERAL TYPE MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)*
--------------- --------------- ------------ ---------------- --------- ------- ----- ----- --------
2 YEAR ARMS 7,846 $ 1,166,072,352.64 54.83% 357 38.69 7.700 619 84.33
3 YEAR ARMS 2,280 367,005,683.72 17.26 358 38.27 7.671 629 86.94
FIXED 4,127 593,644,827.33 27.91 345 38.19 7.361 626 81.07
===== ================== ======= === ===== ===== === =====
TOTAL: 14,253 $ 2,126,722,863.69 100.00% 354 38.48 7.601 623 83.87
PRINCIPAL BALANCES AT ORIGINATION
---------------------------------
PRINCIPAL % OF REMAINING
RANGE OF PRINCIPAL BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
BALANCE AT NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
ORGINATION(%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%)* (%)* FICO* (%)*
--------------- --------------- ------------ ---------------- --------- ------- ----- ----- --------
<= 50,000.01 433 $ 16,213,281.00 0.76% 340 36.49 10.198 635 42.85
50,000.01 - 100,000.00 4,186 319,473,575.00 14.99 349 36.40 8.140 613 81.62
100,000.01 - 150,000.00 3,823 475,204,738.00 22.30 353 37.45 7.741 618 84.44
150,000.01 - 200,000.00 2,506 435,362,436.00 20.43 355 38.97 7.569 620 84.44
200,000.01 - 250,000.00 1,489 334,178,386.00 15.68 356 39.56 7.408 626 84.77
250,000.01 - 300,000.00 1,057 288,716,692.00 13.55 356 39.82 7.288 625 84.59
300,000.01 - 350,000.00 530 169,313,187.00 7.94 356 39.54 7.188 635 85.64
350,000.01 - 400,000.00 131 49,103,400.00 2.30 358 38.90 7.270 648 86.08
400,000.01 - 450,000.00 60 25,173,589.00 1.18 358 40.79 7.058 639 82.58
450,000.01 - 500,000.00 37 17,842,274.00 0.84 357 38.57 6.802 663 82.37
550,000.01 - 600,000.00 1 580,000.00 0.03 359 32.00 7.500 618 80.00
====== ================= ======= === ===== ===== === =====
TOTAL: 14,253 $2,131,161,558.00 100.00% 354 38.50 7.600 623 83.87
----------
* Based on the original balances of the Mortgage Loans.
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
----------------------------------------
PRINCIPAL % OF REMAINING
RANGE OF PRINCIPAL BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
BALANCE AS OF THE NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
CUT-OFF DATE(%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
--------------- --------------- ------------ ---------------- --------- ------- ----- ----- --------
<= 50,000.00 440 $ 16,522,153.50 0.78% 339 36.36 10.162 634 43.79
50,000.01 - 100,000.00 4,183 318,831,506.52 14.99 349 36.38 8.140 613 81.59
100,000.01 - 150,000.00 3,833 475,922,621.19 22.38 353 37.46 7.742 618 84.49
150,000.01 - 200,000.00 2,496 433,206,903.32 20.37 355 38.94 7.566 620 84.41
200,000.01 - 250,000.00 1,489 333,656,846.67 15.69 356 39.54 7.411 626 84.80
250,000.01 - 300,000.00 1,061 289,509,871.75 13.61 356 39.88 7.284 625 84.57
300,000.01 - 350,000.00 528 168,669,982.76 7.93 356 39.40 7.198 635 85.68
350,000.01 - 400,000.00 127 47,708,561.68 2.24 358 38.89 7.262 649 86.17
400,000.01 - 450,000.00 59 24,769,570.03 1.16 358 40.80 7.060 637 82.34
450,000.01 - 500,000.00 36 17,345,276.72 0.82 357 38.36 6.815 663 82.31
550,000.01 - 600,000.00 1 579,569.55 0.03 359 32.00 7.500 618 80.00
====== ================= ======= === ===== ===== === =====
TOTAL: 14,253 $2,126,722,863.69 100.00% 354 38.48 7.601 623 83.87
STATED REMAINING TERM TO MATURITY
---------------------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
BALANCE OF MONTHS NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
REMAINING MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------- --------------- ------------ ---------------- --------- ------- ----- ----- --------
120 - 180 263 $ 27,353,666.18 1.29% 177 36.40 7.438 624 76.83
181 - 240 229 24,721,298.44 1.16 237 38.14 7.570 633 73.41
241 - 360 13,761 2,074,647,899.07 97.55 358 38.51 7.603 622 84.09
====== ================== ======= === ===== ===== === =====
TOTAL: 14,253 $ 2,126,722,863.69 100.00% 354 38.48 7.601 623 83.87
MORTGAGE RATE
-------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF CURRENT NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
MORTGAGE RATES (%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------- --------------- ------------ ---------------- --------- ------- ----- ----- --------
4.500 - 4.999 16 $ 3,060,666.26 0.14% 350 44.08 4.838 657 75.62
5.000 - 5.499 125 28,429,572.57 1.34 354 37.91 5.275 677 72.93
5.500 - 5.999 640 131,236,263.45 6.17 349 39.58 5.806 663 77.89
6.000 - 6.499 926 167,978,290.95 7.90 354 39.42 6.263 647 80.47
6.500 - 6.999 2,017 350,971,044.52 16.50 354 38.87 6.754 641 82.97
7.000 - 7.499 1,677 260,821,323.26 12.26 353 38.10 7.228 632 84.71
7.500 - 7.999 2,991 449,342,606.13 21.13 354 38.19 7.742 618 86.45
8.000 - 8.499 2,110 295,659,897.11 13.90 356 38.13 8.221 610 87.52
8.500 - 8.999 1,919 252,310,149.60 11.86 355 37.65 8.709 596 87.05
9.000 - 9.499 874 107,386,425.16 5.05 355 38.53 9.212 585 86.40
9.500 - 9.999 302 31,851,582.74 1.50 353 39.03 9.659 579 83.50
10.000 - 10.499 116 11,565,010.11 0.54 347 39.82 10.274 577 73.88
10.500 - 10.999 177 14,615,716.91 0.69 348 40.75 10.756 585 53.87
11.000 - 11.499 146 9,316,128.59 0.44 344 40.59 11.228 611 40.58
11.500 - 11.999 119 7,250,003.25 0.34 351 38.70 11.703 590 41.79
12.000 - 12.499 72 3,485,410.44 0.16 357 39.96 12.190 608 32.98
12.500 - 12.999 26 1,442,772.64 0.07 352 41.07 12.625 600 32.06
====== ================== ======= === ===== ====== === =====
TOTAL: 14,253 $ 2,126,722,863.69 100.00% 354 38.48 7.601 623 83.87
ORIGINAL LOAN-TO-VALUE RATIOS
-----------------------------
PRINCIPAL % OF REMAINING
RANGE OF ORGIINAL BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
LOAN-TO-VALUE NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATIOS (%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------- --------------- ------------ ---------------- --------- ------- ----- ----- -------
<= 25.00 434 $ 19,641,055.47 0.92% 341 39.30 11.152 662 20.03
25.01 - 30.00 6 562,970.91 0.03 357 35.31 7.746 615 28.67
30.01 - 35.00 22 2,884,818.11 0.14 343 39.25 7.088 629 32.35
35.01 - 40.00 18 1,835,850.85 0.09 332 40.02 7.096 597 37.67
40.01 - 45.00 27 4,222,318.63 0.20 335 38.02 7.056 621 42.51
45.01 - 50.00 53 7,080,161.61 0.33 343 40.36 7.120 618 47.99
50.01 - 55.00 71 9,413,051.31 0.44 334 37.63 7.242 622 53.21
55.01 - 60.00 151 23,875,297.64 1.12 343 37.72 7.223 611 58.12
60.01 - 65.00 292 48,342,319.35 2.27 349 38.90 7.388 605 63.47
65.01 - 70.00 456 67,302,983.93 3.16 349 39.89 7.658 593 68.94
70.01 - 75.00 953 133,898,872.21 6.30 352 39.58 7.625 590 74.24
75.01 - 80.00 3,009 450,687,626.80 21.19 353 38.26 7.100 629 79.61
80.01 - 85.00 2,303 343,126,202.67 16.13 355 38.53 7.410 608 84.45
85.01 - 90.00 4,432 670,364,857.84 31.52 356 37.38 7.787 623 89.77
90.01 - 95.00 1,857 317,225,791.84 14.92 355 40.33 7.906 644 94.82
95.01 - 100.00 169 26,258,684.52 1.23 355 37.19 8.471 679 99.94
====== ================== ======= === ===== ===== === =====
TOTAL: 14,253 $ 2,126,722,863.69 100.00% 354 38.48 7.601 623 83.87
FICO SCORE AT ORIGINATION
-------------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RANGE OF FICO SCORES MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-------------------- --------------- ------------ ------------------ --------- ------- ----- ----- -------
500 - 519 480 $ 65,866,368.47 3.10% 355 41.43 8.647 510 76.94
520 - 539 721 93,885,731.18 4.41 354 41.00 8.533 530 78.13
540 - 559 1,191 163,425,679.99 7.68 355 39.69 8.193 552 81.95
560 - 579 1,334 194,576,741.44 9.15 355 39.70 8.048 569 83.82
580 - 599 1,551 228,601,070.82 10.75 354 39.07 7.683 589 84.44
600 - 619 1,977 300,140,576.68 14.11 353 38.64 7.564 609 85.76
620 - 639 2,012 308,058,028.83 14.49 353 38.26 7.476 629 84.44
640 - 659 1,532 232,770,020.23 10.95 354 38.05 7.348 649 84.91
660 - 679 1,138 173,264,808.31 8.15 354 37.15 7.268 669 84.28
680 - 699 953 145,993,286.13 6.86 354 37.33 7.140 689 84.22
700 - 719 552 86,240,381.08 4.06 354 36.40 7.074 709 84.92
720 - 739 348 57,283,534.59 2.69 355 36.00 7.049 729 84.22
740 - 759 238 37,978,862.26 1.79 354 36.32 7.010 749 84.45
760 - 779 170 29,229,907.80 1.37 353 37.11 6.977 768 83.99
780 - 799 54 9,085,198.63 0.43 352 34.78 6.746 789 77.26
800 - 819 2 322,667.25 0.02 357 15.44 6.552 805 86.77
====== ================== ======= === ===== ===== === =====
TOTAL: 14,253 $ 2,126,722,863.69 100.00% 354 38.48 7.601 623 83.87
DEBT-TO-INCOME RATIO
--------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF DEBT-TO- NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
INCOME RATIOS (%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-------------------- --------------- ------------ ------------------ --------- ------- ----- ----- --------
<= 20.00 886 $ 117,007,765.82 5.50% 352 14.11 7.757 638 84.17
20.01 - 25.00 888 117,754,760.34 5.54 353 23.21 7.644 633 83.81
25.01 - 30.00 1,368 185,122,878.47 8.70 352 28.18 7.629 624 83.68
30.01 - 35.00 1,833 260,310,065.79 12.24 354 33.15 7.581 628 83.54
35.01 - 40.00 2,496 370,406,675.32 17.42 355 38.12 7.563 625 83.79
40.01 - 45.00 3,222 501,787,502.50 23.59 355 43.12 7.572 626 83.86
45.01 - 50.00 3,255 524,998,931.98 24.69 354 48.05 7.598 613 85.48
50.01 - 55.00 305 49,334,283.47 2.32 352 53.08 7.719 581 69.33
====== ================== ======= === ===== ===== === =====
TOTAL: 14,253 $ 2,126,722,863.69 100.00% 354 38.48 7.601 623 83.87
GEOGRAPHIC DISTRIBUTION
-----------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
STATE MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----- --------------- ------------ ------------------ --------- ------- ----- ----- --------
California 2,062 $ 420,291,667.01 19.76% 353 39.94 7.145 624 79.57
Florida 1,604 218,141,810.90 10.26 355 38.87 7.768 624 85.25
Illinois 1,261 190,870,052.96 8.97 355 38.80 7.984 623 85.79
New York 623 145,727,908.16 6.85 356 38.81 7.541 625 84.64
Texas 826 91,048,914.26 4.28 344 35.92 8.065 601 84.55
Arizona 696 81,359,891.33 3.83 355 37.38 7.668 625 85.29
Michigan 709 78,843,748.59 3.71 357 37.78 7.942 606 85.48
Massachusetts 294 66,530,254.32 3.13 357 39.65 7.267 632 81.96
Nevada 363 60,128,071.93 2.83 357 38.25 7.796 633 84.14
Georgia 440 58,024,285.23 2.73 355 36.68 7.743 622 86.19
New Jersey 270 54,605,709.27 2.57 357 35.76 7.627 641 86.90
Minnesota 308 52,033,101.84 2.45 357 38.16 7.607 623 86.78
Hawaii 174 50,476,084.50 2.37 356 37.90 6.213 671 79.79
Colorado 305 48,914,603.41 2.30 357 40.07 7.393 618 85.21
Maryland 287 48,492,497.89 2.28 352 38.54 7.650 614 83.61
Washington 327 48,234,601.70 2.27 357 38.06 7.512 627 82.70
Connecticut 249 42,514,430.71 2.00 356 38.50 7.991 625 86.15
Pennsylvania 279 34,569,946.59 1.63 351 39.82 7.795 608 85.28
Ohio 280 26,877,758.72 1.26 350 37.92 7.747 598 86.51
Missouri 277 26,381,028.96 1.24 355 38.00 8.050 606 85.79
Other 2,619 282,656,495.41 13.29 351 37.50 7.811 620 85.01
====== ================== ======= === ===== ===== === =====
TOTAL: 14,253 $ 2,126,722,863.69 100.00% 354 38.48 7.601 623 83.87
OCCUPANCY STATUS
----------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OCCUPATION NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
STATUS* MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
---------- --------------- ------------ ------------------ --------- ------- ----- ----- --------
Owner Occupied 11,578 $ 1,770,946,724.67 83.27% 354 39.64 7.542 616 83.43
Non-owner Occupied 2,434 318,497,804.37 14.98 355 31.89 7.975 653 86.20
Second Home 241 37,278,334.65 1.75 355 39.71 7.173 658 84.81
====== ================== ======= === ===== ===== === =====
TOTAL: 14,253 $ 2,126,722,863.69 100.00% 354 38.48 7.601 623 83.87
----------
* Based on mortgagor representation at origination.
DOCUMENTATION TYPE
------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
INCOME NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
DOCUMENTATION MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------- --------------- ------------ ------------------ --------- ------- ----- ----- --------
Full Docs 6,548 $ 888,605,644.01 41.78% 352 38.91 7.394 607 82.03
Stated Docs 7,180 1,163,688,371.05 54.72 355 38.36 7.752 635 85.24
Limited Docs 525 74,428,848.63 3.50 354 35.20 7.702 614 84.27
====== ================ ====== === ===== ===== === =====
TOTAL: 14,253 $ 2,126,722,863.69 100.00% 354 38.48 7.601 623 83.87
LOAN PURPOSE
------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
PURPOSE MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------- --------------- ------------ ------------------ --------- ------- ----- ----- --------
REFI-CASH OUT** 7,559 $ 1,185,571,737.02 55.75% 353 39.08 7.503 609 82.74
PURCHASE 5,600 793,173,506.59 37.30 357 37.53 7.778 645 85.90
REFI-NO CASHOUT*** 1,094 147,977,620.08 6.96 349 38.74 7.427 610 82.07
====== ================== ======= === ===== ===== === =====
TOTAL: 14,253 $ 2,126,722,863.69 100.00% 354 38.48 7.601 623 83.87
----------
** Cash proceeds to the borrower inclusive of debt consolidation
payments exceed 2% or $2000 of the original principal balance of the
related loan. Also includes all home equity loans originated in Texas
with any cash proceeds.
*** Cash proceeds to the borrower inclusive of debt consolidation
payments do not exceed 2% or $2000 of the original principal balance of
the related loan. Excludes home equity loans originated in Texas with
any cash proceeds.
CREDIT GRADE
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RISK CATEGORY MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------- --------------- ------------ ------------------ --------- ------- ----- ---- -----
1 9,943 $ 1,465,856,625.26 68.93% 354 38.16 7.474 636 85.20
2 1,063 165,679,876.17 7.79 354 39.14 7.788 597 84.78
3 1,006 145,535,854.16 6.84 355 38.48 7.827 590 84.56
4 613 84,340,727.33 3.97 351 38.21 8.076 585 81.52
5 438 63,276,361.25 2.98 356 39.92 8.317 565 73.38
6 139 18,018,913.15 0.85 357 41.96 10.384 547 66.78
A 257 40,349,348.67 1.90 350 40.58 7.460 604 75.86
A- 51 9,344,276.90 0.44 358 42.35 8.130 547 79.80
A+ 595 107,411,995.75 5.05 347 38.79 7.176 628 79.69
B 33 5,538,311.19 0.26 358 40.13 8.257 576 74.73
C 24 4,495,717.00 0.21 350 40.40 8.492 569 71.97
C- 91 16,874,856.86 0.79 357 41.75 9.113 556 77.19
====== ================== ======= === ===== ===== === =====
TOTAL: 14,253 $ 2,126,722,863.69 100.00% 354 38.48 7.601 623 83.87
PROPERTY TYPE
-------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
PROPERTY TYPE MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------- --------------- ------------ ------------------ --------- ------- ----- ---- -----
Single Family Detached 9,840 $ 1,429,538,823.18 67.22% 354 38.75 7.591 617 83.92
Two-to-four Family 1,233 262,963,419.14 12.36 355 37.36 7.613 641 84.15
PUD Detached 1,150 188,327,540.97 8.86 355 38.64 7.641 626 85.04
Condominium 956 132,902,368.39 6.25 355 37.90 7.728 643 84.73
Manufactured/Mobile Housing 999 102,684,568.02 4.83 352 37.88 7.451 624 79.17
PUD Attached 53 7,419,464.52 0.35 356 39.92 7.878 617 84.26
Single Family Attached 22 2,886,679.47 0.14 350 41.11 7.521 622 81.55
====== ================== ======= === ===== ===== === =====
TOTAL: 14,253 $ 2,126,722,863.69 100.00% 354 38.48 7.601 623 83.87
PREPAYMENT CHARGE TERM
----------------------
PRINCIPAL % OF REMAINING
PREPAYMENT CHARGE BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
TERM AT ORGINATION NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
(MOS) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------ --------------- ------------ ------------------ --------- ------- ----- ---- -----
0 4,456 $ 634,938,311.85 29.86% 353 37.96 7.889 623 83.70
12 618 114,805,501.61 5.40 355 38.07 7.647 629 84.12
24 4,724 708,732,810.79 33.33 357 38.85 7.625 619 84.79
36 4,455 668,246,239.44 31.42 352 38.65 7.293 625 83.01
====== ================== ====== === ===== ===== === =====
TOTAL: 14,253 $ 2,126,722,863.69 100.00% 354 38.48 7.601 623 83.87
CONFORMING BALANCE
------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
CONFORMING BALANCE MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------ --------------- ------------ ------------------ --------- ------- ----- ---- -----
CONFORMING BALANCE 14,253 $ 2,126,722,863.69 100.00% 354 38.48 7.601 623 83.87
====== ================== ====== === ===== ===== === =====
TOTAL: 14,253 $ 2,126,722,863.69 100.00% 354 38.48 7.601 623 83.87
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
---------------------------------------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF MAXIMUM NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
MORTGAGE RATES (%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------ --------------- ------------ ------------------ --------- ------- ----- ---- -----
10.500 - 10.999 16 $ 3,060,666.26 0.20% 350 44.08 4.838 657 75.62
11.000 - 11.499 78 15,772,868.57 1.04 357 38.93 5.297 659 77.85
11.500 - 11.999 361 70,235,285.08 4.64 357 39.86 5.792 661 80.58
12.000 - 12.499 596 108,573,972.90 7.17 357 39.31 6.273 646 82.17
12.500 - 12.999 1,381 240,806,761.37 15.90 358 38.92 6.756 645 84.43
13.000 - 13.499 1,065 175,506,915.10 11.59 357 38.42 7.222 633 86.02
13.500 - 13.999 2,169 339,235,051.24 22.41 357 38.27 7.745 618 87.23
14.000 - 14.499 1,649 239,677,856.95 15.83 358 38.40 8.221 610 88.20
14.500 - 14.999 1,455 201,788,426.73 13.33 358 37.58 8.706 594 87.67
15.000 - 15.499 621 81,710,341.40 5.40 357 38.93 9.213 587 87.36
15.500 - 15.999 133 15,639,179.58 1.03 358 40.22 9.598 571 83.98
16.000 - 16.499 37 4,670,592.45 0.31 358 41.78 10.372 552 75.39
16.500 - 16.999 66 8,942,954.54 0.59 357 41.69 10.743 538 68.77
17.000 - 17.499 33 4,197,022.77 0.28 357 41.62 11.260 535 64.66
17.500 - 17.999 27 2,985,735.90 0.20 357 36.68 11.726 529 64.62
18.000 - 18.499 9 801,240.32 0.05 358 46.71 12.080 533 70.03
18.500 - 18.999 5 433,747.85 0.03 359 45.09 12.701 527 60.14
===== ================== ====== === ===== ====== === =====
TOTAL: 9,701 $ 1,514,038,619.01 100.00% 357 38.58 7.648 621 85.77
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
---------------------------------------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF MINIMUM NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
MORTGAGE RATES (%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------ --------------- ------------ ------------------ --------- ------- ----- ---- -----
4.500 - 4.999 16 $ 3,060,666.26 0.20% 350 44.08 4.838 657 75.62
5.000 - 5.499 78 15,772,868.57 1.04 357 38.93 5.297 659 77.85
5.500 - 5.999 361 70,235,285.08 4.64 357 39.86 5.792 661 80.58
6.000 - 6.499 596 108,573,972.90 7.17 357 39.31 6.273 646 82.17
6.500 - 6.999 1,381 240,806,761.37 15.90 358 38.92 6.756 645 84.43
7.000 - 7.499 1,065 175,506,915.10 11.59 357 38.42 7.222 633 86.02
7.500 - 7.999 2,169 339,235,051.24 22.41 357 38.27 7.745 618 87.23
8.000 - 8.499 1,649 239,677,856.95 15.83 358 38.40 8.221 610 88.20
8.500 - 8.999 1,455 201,788,426.73 13.33 358 37.58 8.706 594 87.67
9.000 - 9.499 621 81,710,341.40 5.40 357 38.93 9.213 587 87.36
9.500 - 9.999 133 15,639,179.58 1.03 358 40.22 9.598 571 83.98
10.000 - 10.499 37 4,670,592.45 0.31 358 41.78 10.372 552 75.39
10.500 - 10.999 66 8,942,954.54 0.59 357 41.69 10.743 538 68.77
11.000 - 11.499 33 4,197,022.77 0.28 357 41.62 11.260 535 64.66
11.500 - 11.999 27 2,985,735.90 0.20 357 36.68 11.726 529 64.62
12.000 - 12.499 9 801,240.32 0.05 358 46.71 12.080 533 70.03
12.500 - 12.999 5 433,747.85 0.03 359 45.09 12.701 527 60.14
===== ================== ====== === ===== ====== === =====
TOTAL: 9,701 $ 1,514,038,619.01 100.00% 357 38.58 7.648 621 85.77
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
------------------------------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF GROSS NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
MARGINS (%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------ --------------- ------------ ------------------ --------- ------- ----- ---- -----
4.500 - 4.749 1,020 $ 148,416,301.14 9.80% 355 38.90 7.519 604 84.72
4.750 - 4.999 1 314,400.67 0.02 358 49.00 6.250 557 79.75
5.000 - 5.249 2 228,726.20 0.02 358 31.88 7.774 659 92.80
5.500 - 5.749 609 111,624,534.48 7.37 358 39.75 7.526 605 83.68
6.000 - 6.249 7,566 1,175,076,419.20 77.61 358 38.40 7.677 626 86.35
6.250 - 6.499 7 880,446.54 0.06 355 36.42 8.514 584 78.72
6.500 - 6.749 437 67,454,988.07 4.46 354 38.77 7.307 607 83.78
6.750 - 6.999 1 119,295.36 0.01 354 48.00 6.250 624 88.24
7.000 - 7.249 58 9,923,507.35 0.66 358 41.50 9.852 536 70.19
===== ================== ====== === ===== ===== === =====
TOTAL: 9,701 $ 1,514,038,619.01 100.00% 357 38.58 7.648 621 85.77
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NEXT RATE ADJUSTMENT NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
DATE MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-------------------- --------------- ------------ ------------------ --------- ------- ----- ---- -----
2005-12 11 $ 1,955,094.82 0.13% 351 38.97 7.403 603 85.94
2006-01 143 22,185,848.48 1.47 351 39.17 7.456 581 84.09
2006-02 103 14,909,345.91 0.98 353 38.36 7.207 609 83.48
2006-03 213 32,872,151.06 2.17 352 39.28 7.243 609 84.01
2006-04 257 36,643,919.04 2.42 354 39.33 7.517 594 85.15
2006-05 292 42,746,575.30 2.82 355 39.12 7.446 609 82.46
2006-06 559 84,970,255.95 5.61 357 39.10 7.687 607 85.73
2006-07 3,744 578,344,473.07 38.20 358 38.77 7.654 626 86.00
2006-08 1,869 299,073,652.87 19.75 359 38.25 7.707 617 85.28
2006-09 232 33,646,668.00 2.22 358 37.89 7.819 600 82.15
2006-12 1 211,526.71 0.01 351 45.00 7.450 589 74.74
2007-01 10 1,910,579.94 0.13 352 34.90 7.229 583 87.32
2007-02 17 3,261,772.68 0.22 353 42.50 6.955 606 87.15
2007-03 24 4,063,814.49 0.27 354 37.00 7.280 624 89.91
2007-04 74 10,793,164.74 0.71 355 39.03 7.580 596 84.22
2007-05 77 10,970,397.82 0.72 356 42.44 7.463 585 82.08
2007-06 165 27,522,364.73 1.82 357 39.09 7.677 606 86.38
2007-07 1,178 189,865,291.18 12.54 358 37.81 7.694 637 87.33
2007-08 661 109,054,014.22 7.20 359 38.37 7.690 630 87.26
2007-09 71 9,037,708.00 0.60 360 38.03 7.827 622 84.45
===== ================== ======= === ===== ===== === =====
TOTAL: 9,701 $ 1,514,038,619.01 100.00% 357 38.58 7.648 621 85.77
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
-------------------------------------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
INITIAL PERIODIC NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATE CAP (%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
--------------- -------------- ------------ ---------------- -------- --- --- ---- ---
2.000 9,701 $ 1,514,038,619.01 100.00% 357 38.58 7.648 621 85.77
TOTAL: 9,701 $ 1,514,038,619.01 100.00% 357 38.58 7.648 621 85.77
SUBSEQUENT PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
SUBSEQUENT PERIODIC NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATE CAP (%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------- -------------- ------------ ---------------- -------- --- --- ---- ---
1.000 9,701 $ 1,514,038,619.01 100.00% 357 38.58 7.648 621 85.77
===== ================== ====== === ===== ===== === =====
TOTAL: 9,701 $ 1,514,038,619.01 100.00% 357 38.58 7.648 621 85.77
GROUP II MORTGAGE LOAN STATISTICS
The Group II Mortgage Loans consist of 4,092 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $873,277,107, 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
January 1, 2004 or after October 1, 2004, or will have a remaining term to
stated maturity of less than 175 months or greater than 360 months as of the
Cut-off Date. The latest maturity date of any Group II Collateral Selection Date
Mortgage Loan is September 1, 2034.
COLLATERAL TYPE
---------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
COLLATERAL TYPE MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
--------------- -------------- ------------ ---------------- -------- --- --- ---- ---
2 YEAR ARMS 2,308 $ 499,409,508.67 57.19% 357 39.90 7.502 612 85.13
3 YEAR ARMS 613 141,658,715.21 16.22 358 39.53 7.459 633 86.69
FIXED 1,171 232,208,883.46 26.59 349 38.83 6.846 633 79.46
===== ================ ======= === ===== ===== === =====
TOTAL: 4,092 $ 873,277,107.34 100.00% 355 39.55 7.320 621 83.88
PRINCIPAL BALANCES AT ORIGINATION
---------------------------------
PRINCIPAL % OF REMAINING
XXXXX OF BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PRINCIPAL BALANCES NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
AT ORIGINATION ($) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%)* (%)* FICO* (%)*
------------------ -------------- ------------ ---------------- -------- --- --- ---- ---
<= 50,000.01 106 $ 4,899,920.00 0.56% 335 34.27 8.385 593 75.74
50,000.01 - 100,000.00 1,566 112,202,026.00 12.82 347 36.20 7.995 593 81.55
100,000.01 - 150,000.00 555 66,986,620.00 7.65 353 37.62 7.739 598 83.31
150,000.01 - 200,000.00 247 42,409,558.00 4.85 356 38.29 7.764 600 82.41
200,000.01 - 250,000.00 118 26,178,174.00 2.99 358 39.70 7.548 598 82.18
250,000.01 - 300,000.00 92 25,194,890.00 2.88 358 40.77 7.614 608 84.74
300,000.01 - 350,000.00 201 67,638,246.00 7.73 356 40.22 7.034 629 84.57
350,000.01 - 400,000.00 436 162,958,186.00 18.62 357 40.68 7.169 631 85.56
400,000.01 - 450,000.00 317 134,723,548.00 15.39 356 41.27 7.170 633 85.65
450,000.01 - 500,000.00 311 149,574,750.00 17.09 357 40.34 7.209 630 84.34
500,000.01 - 550,000.00 80 42,358,447.00 4.84 356 39.18 6.612 654 83.46
550,000.01 - 600,000.00 26 15,064,300.00 1.72 359 42.08 6.849 597 79.74
600,000.01 - 650,000.00 17 10,811,349.00 1.24 358 40.09 6.299 641 81.49
650,000.01 - 700,000.00 5 3,354,165.00 0.38 359 39.85 6.229 640 76.33
700,000.01 - 750,000.00 15 10,948,458.00 1.25 358 34.43 6.497 632 76.82
===== ================ ======= === ===== ===== === =====
TOTAL: 4,092 $ 875,302,637.00 100.00% 355 39.55 7.319 621 83.87
----------
*Based on the original balances of the Mortgage Loans.
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
----------------------------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
COLLATERAL TYPE MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
--------------- -------------- ------------ ---------------- -------- --- --- ---- ---
<= 50,000.00 119 $ 5,523,907.23 0.63% 335 34.79 8.310 596 75.42
50,000.01 - 100,000.00 1,554 111,407,915.97 12.76 347 36.18 7.998 593 81.60
100,000.01 - 150,000.00 557 67,221,886.99 7.70 353 37.60 7.736 599 83.38
150,000.01 - 200,000.00 245 42,048,459.79 4.82 356 38.33 7.765 599 82.32
200,000.01 - 250,000.00 119 26,382,604.04 3.02 358 39.81 7.530 599 82.06
250,000.01 - 300,000.00 91 24,909,780.49 2.85 358 40.67 7.634 608 84.90
300,000.01 - 350,000.00 203 68,193,171.23 7.81 356 40.14 7.034 629 84.52
350,000.01 - 400,000.00 439 163,948,715.99 18.77 357 40.71 7.173 631 85.58
400,000.01 - 450,000.00 315 133,811,288.32 15.32 356 41.31 7.155 634 85.75
450,000.01 - 500,000.00 307 147,461,564.16 16.89 357 40.32 7.223 630 84.25
500,000.01 - 550,000.00 80 42,267,480.62 4.84 356 39.18 6.612 654 83.46
550,000.01 - 600,000.00 26 15,047,910.37 1.72 359 42.08 6.849 597 79.74
600,000.01 - 650,000.00 17 10,793,435.42 1.24 358 40.10 6.300 641 81.49
650,000.01 - 700,000.00 5 3,348,533.29 0.38 359 39.85 6.229 640 76.34
700,000.01 - 750,000.00 15 10,910,453.43 1.25 358 34.44 6.498 632 76.83
===== ================ ======= === ===== ===== === =====
TOTAL: 4,092 $ 873,277,107.34 100.00% 355 39.55 7.320 621 83.88
STATED REMAINING TERM TO MATURITY
---------------------------------
PRINCIPAL % OF REMAINING
RANGE OF BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MONTHS NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
REMAINING MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
--------- -------------- ------------ ---------------- -------- --- --- ---- ---
120 - 180 83 $ 7,572,588.94 0.87% 178 35.06 7.443 617 78.14
181 - 240 77 8,429,569.10 0.97 237 37.16 6.994 616 77.93
241 - 360 3,932 857,274,949.30 98.17 358 39.62 7.322 621 83.98
===== ================ ======= === ===== ===== === =====
TOTAL: 4,092 $ 873,277,107.34 100.00% 355 39.55 7.320 621 83.88
MORTGAGE RATE
-------------
STATED REMAINING TERM TO MATURITY
---------------------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF CURRENT NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
MORTGAGE RATES (%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------ -------------- ------------ ---------------- -------- --- --- ---- ---
4.000 - 4.499 1 $ 429,690.91 0.05% 356 49.00 4.450 664 83.08
4.500 - 4.999 4 1,616,106.71 0.19 357 41.72 4.855 638 83.97
5.000 - 5.499 52 18,217,465.88 2.09 352 38.50 5.292 674 78.75
5.500 - 5.999 286 102,243,534.24 11.71 355 38.90 5.803 661 78.35
6.000 - 6.499 271 76,847,662.35 8.80 355 40.72 6.233 641 81.81
6.500 - 6.999 542 145,284,749.54 16.64 355 40.07 6.753 633 84.16
7.000 - 7.499 957 196,231,327.95 22.47 355 39.67 7.263 624 85.83
7.500 - 7.999 644 131,058,060.24 15.01 355 39.03 7.730 609 86.01
8.000 - 8.499 414 71,780,766.87 8.22 355 39.30 8.241 598 85.88
8.500 - 8.999 351 57,425,241.27 6.58 356 39.44 8.701 593 87.21
9.000 - 9.499 190 22,732,667.06 2.60 350 39.49 9.195 574 84.28
9.500 - 9.999 219 30,160,543.87 3.45 357 38.32 9.784 567 81.81
10.000 - 10.499 115 14,644,292.76 1.68 357 41.22 10.171 551 76.58
10.500 - 10.999 23 2,742,121.12 0.31 358 41.32 10.669 572 72.05
11.000 - 11.499 16 1,180,149.98 0.14 358 39.27 11.163 539 66.31
11.500 - 11.999 4 361,118.22 0.04 358 30.59 11.554 563 71.35
12.000 - 12.499 3 321,608.37 0.04 358 32.60 12.272 528 67.80
===== ================ ======= === ===== ====== === =====
TOTAL: 4,092 $ 873,277,107.34 100.00% 355 39.55 7.320 621 83.88
ORIGINAL LOAN-TO-VALUE RATIOS
-----------------------------
PRINCIPAL % OF REMAINING
RANGE OF ORIGINAL BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
LOAN-TO-VALUE NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATIOS (%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------- -------------- ------------ ---------------- -------- --- --- ---- ---
<= 25.00 9 $ 523,209.23 0.06% 342 37.76 7.496 578 20.54
25.01 - 30.00 2 555,151.84 0.06 358 51.30 6.865 581 27.34
30.01 - 35.00 4 593,118.16 0.07 357 43.63 5.809 676 32.41
35.01 - 40.00 2 109,714.94 0.01 357 42.81 7.202 551 38.46
40.01 - 45.00 7 1,272,582.21 0.15 356 38.90 6.926 637 42.73
45.01 - 50.00 23 3,643,682.84 0.42 353 35.59 7.939 596 48.65
50.01 - 55.00 31 4,876,020.66 0.56 342 35.96 7.158 603 52.85
55.01 - 60.00 62 11,438,085.07 1.31 351 35.45 7.213 644 57.95
60.01 - 65.00 137 24,007,516.73 2.75 349 38.68 7.376 605 63.70
65.01 - 70.00 178 34,320,774.61 3.93 354 40.11 7.528 598 68.81
70.01 - 75.00 406 78,072,590.43 8.94 354 40.17 7.337 590 74.33
75.01 - 80.00 779 161,784,148.34 18.53 354 39.23 7.006 619 79.42
80.01 - 85.00 759 148,094,499.40 16.96 356 39.07 7.094 606 84.34
85.01 - 90.00 1,222 268,186,857.13 30.71 357 39.53 7.454 626 89.74
90.01 - 95.00 422 121,229,063.31 13.88 356 41.01 7.527 651 94.76
95.01 - 100.00 49 14,570,092.44 1.67 358 38.14 8.352 702 99.93
===== ================= ======= === ===== ===== === =====
TOTAL: 4,092 $ 873,277,107.34 100.00% 355 39.55 7.320 621 83.88
FICO SCORE AT ORIGINATION
-------------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RANGE OF FICO SCORES MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-------------------- -------------- ------------ ---------------- -------- --- --- ---- ---
500 - 519 188 $ 25,325,016.20 2.90% 357 41.37 8.611 509 76.44
520 - 539 335 47,755,657.78 5.47 356 39.74 8.277 530 76.78
540 - 559 466 78,346,236.17 8.97 355 41.35 8.066 552 81.19
560 - 579 470 84,231,892.25 9.65 355 40.01 7.875 569 83.23
580 - 599 472 91,002,917.45 10.42 354 40.02 7.444 589 83.85
600 - 619 536 119,079,920.78 13.64 354 40.04 7.267 608 84.65
620 - 639 495 119,875,170.57 13.73 354 39.17 7.085 629 85.22
640 - 659 318 83,454,130.86 9.56 356 39.18 6.941 650 85.71
660 - 679 273 69,672,503.49 7.98 355 39.70 6.731 669 84.89
680 - 699 216 59,812,524.49 6.85 355 38.32 6.784 689 86.97
700 - 719 127 33,666,251.97 3.86 357 38.91 6.800 710 86.52
720 - 739 91 27,154,032.38 3.11 355 35.74 6.678 728 85.17
740 - 759 62 20,498,266.37 2.35 357 37.80 6.643 749 83.96
760 - 779 30 9,625,344.41 1.10 358 36.58 6.896 770 84.97
780 - 799 12 3,522,932.93 0.40 358 38.13 6.621 788 82.11
800 - 819 1 254,309.24 0.03 358 44.00 7.350 808 90.00
===== ================= ======= === ===== ===== === =====
TOTAL: 4,092 $ 873,277,107.34 100.00% 355 39.55 7.320 621 83.88
DEBT-TO-INCOME RATIO
--------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF DEBT-TO- NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
INCOME RATIOS (%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------- -------------- ------------ ---------------- -------- --- --- ---- ---
<= 20.00 277 $ 45,650,463.67 5.23% 352 14.27 7.271 632 82.13
20.01 - 25.00 261 42,395,542.08 4.85 353 23.17 7.517 624 82.13
25.01 - 30.00 364 58,954,990.54 6.75 352 27.97 7.438 618 83.27
30.01 - 35.00 501 88,365,643.73 10.12 355 33.12 7.339 624 83.19
35.01 - 40.00 666 141,219,238.25 16.17 355 38.13 7.280 627 83.56
40.01 - 45.00 895 218,909,133.84 25.07 356 43.09 7.288 629 85.27
45.01 - 50.00 987 248,071,746.80 28.41 356 48.12 7.279 613 85.37
50.01 - 55.00 141 29,710,348.43 3.40 356 53.11 7.604 579 71.10
===== ================= ======= === ===== ===== === =====
TOTAL: 4,092 $ 873,277,107.34 100.00% 355 39.55 7.320 621 83.88
GEOGRAPHIC DISTRIBUTION
-----------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
STATE MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
---------- -------------- ------------ ---------------- -------- --- --- ---- ---
California 920 $ 349,365,638.69 40.01% 357 41.01 6.853 626 82.76
New York 238 91,212,060.03 10.44 355 41.06 7.421 634 85.71
Florida 492 77,798,493.12 8.91 354 39.35 7.606 614 83.79
Illinois 175 39,078,219.73 4.47 358 38.14 7.986 624 86.74
Arizona 274 33,895,466.02 3.88 348 35.26 7.405 613 84.60
Michigan 341 32,493,577.40 3.72 355 37.20 8.014 598 83.58
Massachusetts 65 22,696,020.81 2.60 353 40.25 7.217 625 83.38
Maryland 98 21,027,093.94 2.41 358 40.71 7.461 624 85.85
Texas 168 20,977,540.01 2.40 341 34.51 7.927 595 81.74
Nevada 73 18,583,163.37 2.13 358 39.56 7.780 617 85.38
Indiana 162 13,669,198.98 1.57 355 36.63 7.879 620 85.16
Ohio 164 13,239,705.38 1.52 351 37.53 7.573 586 83.53
Pennsylvania 118 12,722,098.25 1.46 350 38.96 7.935 585 83.16
Connecticut 29 10,689,172.81 1.22 358 38.44 7.504 632 84.31
New Jersey 30 10,104,474.69 1.16 357 38.38 7.294 648 88.42
Hawaii 21 9,541,987.64 1.09 358 30.15 6.220 662 80.31
Washington 40 9,185,359.41 1.05 352 40.19 7.730 617 85.69
Tennessee 90 8,410,843.13 0.96 350 37.12 7.914 603 83.87
Connecticut 31 8,015,484.90 0.92 357 37.13 7.288 628 86.89
Missouri 84 7,621,057.34 0.87 355 39.57 7.924 594 84.75
Other 479 62,950,451.69 7.21 354 38.52 7.886 609 84.22
===== ================ ======= === ===== ===== === =====
TOTAL: 4,092 $ 873,277,107.34 100.00% 355 39.55 7.320 621 83.88
OCCUPANCY STATUS
----------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
OCCUPATION STATUS* MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------ -------------- ------------ ---------------- -------- --- --- ---- ---
Owner Occupied 3,427 $ 779,645,088.90 89.28% 355 40.34 7.270 618 83.71
Non-owner Occupied 624 83,838,178.41 9.60 353 32.12 7.795 647 85.35
Second Home 41 9,793,840.03 1.12 356 41.09 7.257 649 84.80
===== ================ ======= === ===== ===== === =====
TOTAL: 4,092 $ 873,277,107.34 100.00% 355 39.55 7.320 621 83.88
----------
*Based on mortgagor representation at origination.
DOCUMENTATION TYPE
------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
INCOME NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
DOCUMENTATION MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------- -------------- ------------ ---------------- -------- --- --- ---- ---
Full Docs 1,874 $ 313,287,692.77 35.87% 354 38.86 7.081 612 81.91
Stated Docs 2,067 524,258,578.25 60.03 356 40.17 7.466 628 85.05
Limited Docs 151 35,730,836.32 4.09 353 36.58 7.285 608 83.89
===== ================ ======= === ===== ===== === =====
TOTAL: 4,092 $ 873,277,107.34 100.00% 355 39.55 7.320 621 83.88
LOAN PURPOSE
------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
PURPOSE MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------- -------------- ------------ ---------------- -------- --- --- ---- ---
Refi-Cash Out ** 2,869 $ 598,631,848.60 68.55% 354 39.91 7.269 609 82.51
Purchase 999 231,819,175.49 26.55 357 38.73 7.466 651 87.90
Refi-No Cashout *** 224 42,826,083.25 4.90 355 39.10 7.254 620 81.13
===== ================ ======= === ===== ===== === =====
TOTAL: 4,092 $ 873,277,107.34 100.00% 355 39.55 7.320 621 83.88
----------
** Cash proceeds to the borrower inclusive of debt consolidation
payments exceed 2% or $2000 of the original principal balance of the
related loan. Also includes all home equity loans originated in Texas
with any cash proceeds.
*** Cash proceeds to the borrower inclusive of debt consolidation
payments do not exceed 2% or $2000 of the original principal balance of
the related loan. Excludes home equity loans originated in Texas with
any cash proceeds.
CREDIT GRADE
------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RISK CATEGORY MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------- -------------- ------------ ---------------- -------- --- --- ---- ---
1 2,570 $ 577,124,573.89 66.09% 355 39.13 7.117 637 85.23
2 354 71,179,801.56 8.15 355 40.17 7.555 594 84.65
3 322 62,581,941.74 7.17 355 40.31 7.580 584 83.34
4 259 37,600,447.58 4.31 355 39.25 8.024 580 80.72
5 180 28,653,465.16 3.28 355 41.56 8.434 561 73.11
6 63 9,193,689.39 1.05 358 43.83 9.864 554 67.13
A 65 16,615,314.14 1.90 355 40.80 7.164 594 81.25
A- 19 4,426,779.50 0.51 354 41.70 7.918 538 79.25
A+ 189 51,378,661.83 5.88 356 39.84 6.964 632 83.03
B 16 3,058,144.47 0.35 358 40.29 8.553 559 78.83
C 14 2,479,802.06 0.28 358 43.59 8.425 550 73.22
C- 41 8,984,486.02 1.03 358 40.96 8.921 555 75.65
===== ================ ======= === ===== ===== === =====
TOTAL: 4,092 $ 873,277,107.34 100.00% 355 39.55 7.320 621 83.88
PROPERTY TYPE
-------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
PROPERTY TYPE MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------- -------------- ------------ ---------------- -------- --- --- ---- ---
Single Family Detached 3,143 $ 665,285,642.45 76.18% 355 39.89 7.301 618 83.77
PUD Detached 298 79,853,833.98 9.14 354 38.75 7.359 620 84.52
Two-to-Four Family 257 61,436,556.11 7.04 355 38.50 7.490 650 85.22
Condominium 206 47,240,479.89 5.41 357 38.33 7.286 632 84.78
Manufactured/Mobile Housing 168 15,599,611.87 1.79 345 37.18 7.373 627 76.54
PUD-Attached 13 2,889,200.54 0.33 358 39.26 7.342 611 85.54
Single Family Attached 7 971,782.50 0.11 358 41.71 7.105 620 89.37
===== ================ ======= === ===== ===== === =====
TOTAL: 4,092 $ 873,277,107.34 100.00% 355 39.55 7.320 621 83.88
PREPAYMENT CHARGE TERM
----------------------
PRINCIPAL % OF REMAINING
PREPAYMENT CHARGE BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
TERM AT ORIGINATION NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
(MOS.) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------ --------------- ------------ ---------------- -------- --- --- ---- ---
0 855 $ 201,559,724.92 23.08% 357 39.27 7.723 624 85.74
12 190 63,032,932.06 7.22 352 40.20 7.504 630 83.89
24 1,405 298,534,297.67 34.19 357 39.60 7.439 612 84.76
36 1,642 310,150,152.69 35.52 353 39.57 6.908 626 81.81
===== ================ ======= === ===== ===== === =====
TOTAL: 4,092 $ 873,277,107.34 100.00% 355 39.55 7.320 621 83.88
CONFORMING BALANCE
------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
CONFORMING NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
BALANCE MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------ --------------- ------------ ---------------- -------- --- --- ---- ---
CONFORMING BALANCE 2,740 $ 296,092,473.24 33.91% 352 37.76 7.800 599 82.46
NON-CONFORMING BALANCE 1,352 577,184,634.10 66.09 357 40.48 7.074 632 84.60
===== ================ ======= === ===== ===== === =====
TOTAL: 4,092 $ 873,277,107.34 100.00% 355 39.55 7.320 621 83.88
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
---------------------------------------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANBE OF MAXIMUM NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
MORTGAGE RATES (%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------ --------------- ------------ ---------------- -------- --- --- ---- ---
10.000 - 10.499 1 $ 429,690.91 0.07% 356 49.00 4.450 664 83.08
10.500 - 10.999 4 1,616,106.71 0.25 357 41.72 4.855 638 83.97
11.000 - 11.499 37 11,102,481.31 1.73 350 40.91 5.297 656 80.24
11.500 - 11.999 140 43,905,803.78 6.85 357 40.29 5.788 653 82.40
12.000 - 12.499 158 45,426,083.94 7.09 358 42.13 6.239 644 83.54
12.500 - 12.999 339 95,800,307.15 14.94 358 40.21 6.770 631 85.82
13.000 - 13.499 805 169,869,769.97 26.50 357 39.61 7.270 624 86.53
13.500 - 13.999 452 104,758,499.60 16.34 357 38.94 7.736 611 87.31
14.000 - 14.499 294 58,415,794.16 9.11 358 39.36 8.244 599 86.41
14.500 - 14.999 254 48,006,840.05 7.49 358 39.29 8.704 594 87.85
15.000 - 15.499 121 17,504,012.49 2.73 358 40.26 9.192 573 84.60
15.500 - 15.999 182 26,830,226.79 4.19 358 38.31 9.798 566 82.03
16.000 - 16.499 104 13,869,081.05 2.16 358 41.44 10.173 551 76.60
16.500 - 16.999 14 2,162,069.48 0.34 359 42.36 10.673 580 70.69
17.000 - 17.499 11 880,741.79 0.14 358 42.05 11.146 541 65.64
17.500 - 17.999 3 310,768.82 0.05 358 30.85 11.562 566 71.57
18.000 - 18.499 2 179,945.88 0.03 357 44.09 12.210 527 70.00
===== ================ ======= === ===== ===== === =====
TOTAL: 2,921 $ 641,068,223.88 100.00% 357 39.82 7.492 617 85.48
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
---------------------------------------------------
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANBE OF MINIMUM NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
MORTGAGE RATES (%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------ --------------- ------------ ---------------- -------- --- --- ---- ---
4.000 - 4.499 1 $ 429,690.91 0.07% 356 49.00 4.450 664 83.08
4.500 - 4.999 4 1,616,106.71 0.25 357 41.72 4.855 638 83.97
5.000 - 5.499 37 11,102,481.31 1.73 350 40.91 5.297 656 80.24
5.500 - 5.999 140 43,905,803.78 6.85 357 40.29 5.788 653 82.40
6.000 - 6.499 158 45,426,083.94 7.09 358 42.13 6.239 644 83.54
6.500 - 6.999 339 95,800,307.15 14.94 358 40.21 6.770 631 85.82
7.000 - 7.499 805 169,869,769.97 26.50 357 39.61 7.270 624 86.53
7.500 - 7.999 452 104,758,499.60 16.34 357 38.94 7.736 611 87.31
8.000 - 8.499 294 58,415,794.16 9.11 358 39.36 8.244 599 86.41
8.500 - 8.999 254 48,006,840.05 7.49 358 39.29 8.704 594 87.85
9.000 - 9.499 121 17,504,012.49 2.73 358 40.26 9.192 573 84.60
9.500 - 9.999 182 26,830,226.79 4.19 358 38.31 9.798 566 82.03
10.000 - 10.499 104 13,869,081.05 2.16 358 41.44 10.173 551 76.60
10.500 - 10.999 14 2,162,069.48 0.34 359 42.36 10.673 580 70.69
11.000 - 11.499 11 880,741.79 0.14 358 42.05 11.146 541 65.64
11.500 - 11.999 3 310,768.82 0.05 358 30.85 11.562 566 71.57
12.000 - 12.499 2 179,945.88 0.03 357 44.09 12.210 527 70.00
===== ================== ======= === ===== ===== === =====
TOTAL: 2,921 $ 641,068,223.88 100.00% 357 39.82 7.492 617 85.48
-
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
PRINCIPAL % OF REMAINING
BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF GROSS NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
MARGIN (%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------- --------------- ------------ ---------------- -------- --- --- ---- ---
4.500 - 4.749 312 $ 49,610,019.56 7.74% 356 37.76 7.558 607 85.28
4.750 - 4.999 1 69,928.28 0.01 355 27.00 7.350 558 90.00
5.000 - 5.249 2 410,742.25 0.06 359 45.83 9.923 611 91.38
5.500 - 5.749 202 53,154,739.25 8.29 358 40.90 7.390 604 85.48
5.750 - 5.999 1 280,000.00 0.04 360 45.00 6.650 774 80.00
6.000 - 6.249 2,262 506,623,412.77 79.03 358 39.97 7.474 621 85.72
6.500 - 6.749 103 24,568,953.02 3.83 354 38.22 7.405 601 85.00
7.000 - 7.249 38 6,350,428.75 0.99 358 40.45 9.483 544 68.90
===== ================ ====== === ===== ===== === =====
TOTAL: 2,921 $ 641,068,223.88 100.00% 357 39.82 7.492 617 85.48
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------
PRINCIPAL % OF REMAINING
NEXT RATE BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
ADJUSTMENT NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
DATE MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
---------- --------------- ------------ ---------------- -------- --- --- ---- ---
2005-12 2 $ 665,176.92 0.10% 351 45.16 7.606 593 91.94
2006-01 27 6,507,395.54 1.02 352 41.26 7.307 602 83.88
2006-02 27 6,958,818.13 1.09 353 38.47 6.970 622 89.53
2006-03 30 5,864,217.72 0.91 354 33.54 7.230 590 82.77
2006-04 111 16,653,769.15 2.60 355 37.90 7.682 592 85.63
2006-05 93 15,125,509.32 2.36 356 38.73 7.394 606 82.35
2006-06 226 47,264,044.80 7.37 357 40.43 7.421 608 84.36
2006-07 1,120 241,658,011.68 37.70 357 39.77 7.497 616 85.47
2006-08 608 145,221,168.41 22.65 359 40.66 7.534 612 85.32
2006-09 64 13,491,397.00 2.10 360 38.51 7.887 590 81.22
2007-01 1 461,617.63 0.07 352 15.00 7.300 627 95.00
2007-02 3 903,563.76 0.14 353 38.14 7.224 662 91.86
2007-03 8 2,459,543.81 0.38 354 34.89 7.100 629 91.99
2007-04 22 4,671,767.85 0.73 355 38.25 7.711 629 90.04
2007-05 21 3,308,787.58 0.52 356 44.05 7.288 584 81.00
2007-06 51 12,139,263.80 1.89 356 41.68 7.503 635 87.39
2007-07 334 79,405,235.72 12.39 358 39.52 7.399 640 86.23
2007-08 148 33,583,935.06 5.24 359 38.88 7.520 629 87.45
2007-09 25 4,725,000.00 0.74 360 41.80 8.044 573 83.23
===== ================= ======= === ===== ===== === =====
TOTAL: 2,921 $ 641,068,223.88 100.00% 357 39.82 7.492 617 85.48
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
-------------------------------------------------
PRINCIPAL % OF REMAINING
INITIAL BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PERIODIC NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATE CAP (%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------ --------------- ------------ ---------------- -------- --- --- ---- ---
2.000 2,921 $ 641,068,223.88 100.00% 357 39.82 7.492 617 85.48
===== ================ ====== === ===== ===== === =====
TOTAL: 2,921 $ 641,068,223.88 100.00% 357 39.82 7.492 617 85.48
----- ---------------- ------ --- ----- ----- --- -----
SUBSEQUENT PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------
PRINCIPAL % OF REMAINING
SUBSEQUENT BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PERIODIC RATE NUMBER OF AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
CAP (%) MORTGAGE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------- --------------- ------------ ---------------- -------- --- --- ---- ---
1.000 2,921 $ 641,068,223.88 100.00% 357 39.82 7.492 617 85.48
===== ================ ====== === ===== ===== === =====
TOTAL: 2,921 $ 641,068,223.88 100.00% 357 39.82 7.492 617 85.48
----- ---------------- ------ --- ----- ----- --- -----
