6
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 October 1, 2004 (the
"Mortgage Loan Purchase Agreement"), between the Seller and the Depositor.
Pursuant to the Pooling and Servicing Agreement dated October 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 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.
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 90.69% and approximately 9.31% 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 73.88% of the
adjustable-rate Group I Mortgage Loans and approximately 76.74% of the
adjustable-rate Group II Mortgage Loans will occur after an initial period of
two years after origination, and the first adjustment for approximately 26.12%
of the adjustable-rate Group I Mortgage Loans and approximately 23.26% of the
adjustable-rate Group II Mortgage Loans will occur after an initial period of
three years after origination. On each Adjustment Date for each adjustable-rate
Mortgage Loan, the Mortgage Rate thereon will be adjusted (subject to rounding)
to equal the sum of the applicable Index and a fixed percentage amount (the
"Gross Margin"). The Mortgage Rate on each adjustable-rate Mortgage Loan will
not decrease on the first related Adjustment Date, will not increase by more
than 2.000% per annum on the first related Adjustment Date (the "Initial
Periodic Rate Cap") and will not increase or decrease by more than 1.000% per
annum on any Adjustment Date thereafter (the "Periodic Rate Cap"). Each Mortgage
Rate on each adjustable-rate Mortgage Loan will not exceed a specified maximum
Mortgage Rate over the life of such Mortgage Loan (the "Maximum Mortgage Rate")
or be less than a specified minimum Mortgage Rate over the life of such Mortgage
Loan (the "Minimum Mortgage Rate"). Effective with the first monthly payment due
on each adjustable-rate Mortgage Loan after each related Adjustment Date, the
monthly payment amount will be adjusted to an amount that will amortize fully
the outstanding principal balance of the related Mortgage Loan over its
remaining term, and pay interest at the Mortgage Rate as so adjusted. Due to the
application of the Periodic Rate Caps and the Maximum Mortgage Rates, the
Mortgage Rate on each such adjustable-rate Mortgage Loan, as adjusted on any
related Adjustment Date, may be less than the sum of the Index and the related
Gross Margin, rounded as described herein. None of the adjustable-rate Mortgage
Loans permits the related mortgagor to convert the adjustable Mortgage Rate
thereon to a fixed Mortgage Rate.
The Mortgage Loans 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.
7
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 69.74% of the Group I Mortgage Loans and approximately
73.80% 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.
8
COLLATERAL TYPE
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
COLLATERAL MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
TYPE LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- --------------- ---------------- ----------- -------- -------- ------ -------
2 Yr Fixed/Adjustable
Rate 4,423 813,766,129.78 58.13 358 39.33 7.597 600 84.35
3 Yr Fixed/Adjustable
Rate 1,418 277,262,004.38 19.80 358 39.33 7.469 616 85.57
Fixed Rate 1,760 308,970,330.66 22.07 350 38.77 7.100 631 79.10
------------------------ ----------- - -------------- ---------------- ----------- -------- -------- ------ -------
TOTAL: 7,601 1,399,998,464.82 100.00 357 39.21 7.462 610 83.43
------------------------ ----------- ---------------- --------------- ----------- -------- -------- ------ -------
PRINCIPAL BALANCES AT ORIGINATION
PRINCIPAL % OF PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- GROSS
PRINCIPAL BALANCES MORTGAGE AS OF THE AS OF MATURITY INCOME COUPON OLTV
AT ORIGINATION ($) LOANS ORIGINATION ORIGINATION (MONTHS) (%) (%) FICO (%)
------------------------ ----------- --------------- ---------------- ----------- -------- -------- ------ -------
50,000.01 - 100,000.00 1,774 143,362,517.00 10.23 353 36.24 7.938 601 82.81
100,000.01 - 150,000.00 1,993 248,258,866.00 17.71 354 38.00 7.658 605 83.48
150,000.01 - 200,000.00 1,299 225,152,691.00 16.06 357 39.38 7.489 605 83.02
200,000.01 - 250,000.00 917 205,772,451.00 14.68 357 39.70 7.410 609 82.55
250,000.01 - 300,000.00 603 165,344,029.00 11.80 358 40.04 7.357 609 83.81
300,000.01 - 350,000.00 369 119,079,793.00 8.50 358 41.11 7.351 614 83.55
350,000.01 - 400,000.00 215 80,354,690.00 5.73 358 40.17 7.215 623 84.94
400,000.01 - 450,000.00 153 65,090,302.00 4.64 359 40.31 7.267 624 86.15
450,000.01 - 500,000.00 145 69,277,811.00 4.94 357 40.12 7.272 624 85.14
500,000.01 - 550,000.00 44 23,202,865.00 1.66 359 41.18 6.945 632 84.14
550,000.01 - 600,000.00 32 18,299,600.00 1.31 359 38.12 7.173 613 83.67
600,000.01 - 650,000.00 29 18,346,099.00 1.31 359 39.45 6.892 633 82.63
650,000.01 - 700,000.00 10 6,800,250.00 0.49 359 35.77 7.021 592 76.91
700,000.01 - 750,000.00 17 12,455,730.00 0.89 359 40.63 7.078 599 75.50
750,000.01 - 800,000.00 1 760,000.00 0.05 359 34.00 6.150 754 80.00
------------------------ ----------- ---------------- ---------------- ----------- ------- --------- ------ -------
TOTAL: 7,601 1,401,557,694.00 100.00 356 39.22 7.462 610 83.43
------------------------ ----------- ---------------- ---------------- ----------- ------- --------- ------ -------
*Based on the original balances of the Mortgage Loans.
9
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
NUMBER PRINCIPAL REMAINING
RANGE OF PRINCIPAL OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
BALANCES AS OF THE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
CUT-OFF DATE ($) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
50,000.01 - 100,000.00 1,775 143,288,482.37 10.23 353 36.19 7.939 601 82.80
100,000.01 - 150,000.00 1,993 248,033,624.62 17.72 354 38.00 7.657 605 83.50
150,000.01 - 200,000.00 1,299 224,959,653.09 16.07 357 39.35 7.491 605 83.01
200,000.01 - 250,000.00 917 205,605,035.37 14.69 357 39.69 7.407 609 82.54
250,000.01 - 300,000.00 603 165,210,973.50 11.80 358 40.07 7.358 609 83.84
300,000.01 - 350,000.00 369 118,998,317.22 8.50 358 41.03 7.351 614 83.56
350,000.01 - 400,000.00 215 80,317,933.16 5.74 358 40.26 7.216 622 84.92
400,000.01 - 450,000.00 152 64,599,064.31 4.61 359 40.30 7.269 624 86.12
450,000.01 - 500,000.00 145 69,197,414.31 4.94 357 40.11 7.272 624 85.14
500,000.01 - 550,000.00 44 23,180,157.94 1.66 359 41.18 6.945 632 84.14
550,000.01 - 600,000.00 32 18,284,351.08 1.31 359 38.12 7.173 613 83.67
600,000.01 - 650,000.00 29 18,325,273.36 1.31 359 39.45 6.892 633 82.63
650,000.01 - 700,000.00 10 6,793,947.79 0.49 359 35.77 7.021 592 76.91
700,000.01 - 750,000.00 17 12,444,971.84 0.89 359 40.64 7.078 599 75.50
750,000.01 - 800,000.00 1 759,264.86 0.05 359 34.00 6.150 754 80.00
------------------------ --------- ---------------- ----------------- ----------- ---------- --------- ----- ------
TOTAL: 7,601 1,399,998,464.82 100.00 357 39.21 7.462 610 83.43
------------------------ --------- ---------------- ----------------- ----------- ---------- --------- ----- ------
REMAINING TERM TO MATURITY
NUMBER PRINCIPAL REMAINING
OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
MONTHS REMAINING LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
121 - 180 85 10,249,153.28 0.73 179 37.94 7.144 612 75.81
181 - 240 75 9,900,685.41 0.71 239 35.78 7.165 629 76.14
301 - 360 7,441 1,379,848,626.13 98.56 359 39.24 7.466 610 83.54
------------------------ --------- ---------------- ------------------ ----------- ---------- -------- ------ ------
TOTAL: 7,601 1,399,998,464.82 100.00 357 39.21 7.462 610 83.43
------------------------ --------- ---------------- ------------------ ----------- ---------- -------- ------ ------
10
MORTGAGE RATE
NUMBER PRINCIPAL REMAINING
RANGE OF OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
CURRENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
5.500 - 5.999 297 74,763,059.96 5.34 356 38.85 5.866 656 76.92
6.000 - 6.499 786 166,221,779.94 11.87 355 38.79 6.243 631 80.24
6.500 - 6.999 1,450 300,180,828.70 21.44 356 39.64 6.759 623 82.57
7.000 - 7.499 1,121 210,222,988.08 15.02 357 39.57 7.226 616 84.45
7.500 - 7.999 1,511 271,617,553.05 19.40 356 39.07 7.741 606 85.49
8.000 - 8.499 910 141,739,227.56 10.12 358 38.83 8.233 591 85.75
8.500 - 8.999 819 128,362,934.72 9.17 357 38.50 8.722 586 85.98
9.000 - 9.499 348 53,801,584.15 3.84 358 39.11 9.223 575 85.74
9.500 - 9.999 214 31,514,254.60 2.25 358 40.02 9.706 558 81.64
10.000 - 10.499 61 8,143,250.54 0.58 359 39.05 10.225 539 75.23
10.500 - 10.999 51 8,360,296.58 0.60 358 42.55 10.723 531 73.85
11.000 - 11.499 18 2,989,767.79 0.21 355 41.27 11.157 525 69.03
11.500 - 11.999 6 886,614.95 0.06 359 44.88 11.685 511 72.30
12.000 - 12.499 8 1,120,861.60 0.08 359 48.65 12.151 526 69.25
12.500 - 12.999 1 73,462.60 0.01 358 36.00 12.550 537 70.00
------------------------ --------- ---------------- ---------------- ----------- ---------- --------- ----- ------
TOTAL: 7,601 1,399,998,464.82 100.00 357 39.21 7.462 610 83.43
------------------------ --------- ---------------- ---------------- ----------- ---------- --------- - ---- ------
ORIGINAL LOAN-TO-VALUE RATIOS
NUMBER PRINCIPAL REMAINING
RANGE OF ORIGINAL OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
LOAN-TO-VALUE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RATIOS (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
25.00 or less 1 124,901.51 0.01 359 48.00 7.200 548 22.56
25.01 - 30.00 7 852,779.86 0.06 359 37.21 6.913 620 27.83
30.01 - 35.00 8 1,516,257.46 0.11 359 39.22 6.831 625 32.75
35.01 - 40.00 23 2,995,796.06 0.21 346 33.86 7.224 592 37.93
40.01 - 45.00 39 6,071,907.73 0.43 354 32.92 7.069 603 43.12
45.01 - 50.00 69 11,108,344.22 0.79 349 34.48 6.946 605 47.84
50.01 - 55.00 76 13,450,415.95 0.96 347 40.02 7.393 588 52.74
55.01 - 60.00 134 24,152,462.55 1.73 354 41.61 6.984 596 58.06
60.01 - 65.00 221 44,537,165.66 3.18 355 39.72 7.505 581 63.51
65.01 - 70.00 388 69,724,471.56 4.98 355 40.12 7.573 580 68.70
70.01 - 75.00 621 114,718,127.14 8.19 355 40.76 7.547 581 74.08
75.01 - 80.00 1,447 266,531,565.95 19.04 357 38.59 7.171 608 79.59
80.01 - 85.00 964 173,146,257.23 12.37 357 39.08 7.375 600 84.39
85.01 - 90.00 1,963 362,357,970.77 25.88 357 38.44 7.595 612 89.70
90.01 - 95.00 1,640 308,710,041.17 22.05 357 39.97 7.616 640 94.80
------------------------ --------- ---------------- ---------------- ----------- ---------- --------- ----- -----
TOTAL: 7,601 1,399,998,464.82 100.00 357 39.21 7.462 610 83.43
------------------------ --------- ---------------- ---------------- ----------- ---------- --------- ----- -----
11
FICO SCORE AT ORIGINATION
NUMBER PRINCIPAL REMAINING
OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
FICO SCORES LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
500 - 519 468 76,687,431.55 5.48 357 41.33 8.502 509 75.69
520 - 539 627 107,365,755.67 7.67 358 41.69 8.235 529 77.56
540 - 559 663 116,282,941.40 8.31 358 39.94 7.836 551 80.56
560 - 579 661 123,317,115.29 8.81 356 40.28 7.709 569 81.15
580 - 599 929 167,430,616.50 11.96 356 38.83 7.511 589 83.00
600 - 619 1,127 196,722,945.26 14.05 355 39.64 7.362 609 85.38
620 - 639 1,110 207,818,185.04 14.84 356 38.82 7.171 629 85.24
640 - 659 750 148,293,772.52 10.59 357 38.85 7.105 649 86.47
660 - 679 433 86,969,507.14 6.21 356 37.45 7.061 668 86.94
680 - 699 357 71,510,641.82 5.11 357 36.81 7.009 688 86.75
700 - 719 198 39,287,217.95 2.81 357 38.05 7.029 708 87.00
720 - 739 126 25,513,134.11 1.82 355 36.43 7.124 729 86.72
740 - 759 76 14,870,175.96 1.06 354 37.45 6.942 749 83.73
760 - 779 53 11,772,660.92 0.84 356 36.17 7.051 769 84.45
780 - 799 21 5,431,335.43 0.39 356 32.63 6.417 788 70.14
800 - 819 2 725,028.26 0.05 358 38.19 6.525 802 77.32
------------------------ --------- ---------------- ---------------- ----------- ---------- --------- ----- ------
TOTAL: 7,601 1,399,998,464.82 100.00 357 39.21 7.462 610 83.43
------------------------ --------- ---------------- ---------------- ----------- ---------- --------- ----- ------
DEBT-TO-INCOME RATIO
NUMBER PRINCIPAL REMAINING
RANGE OF OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
DEBT-TO-INCOME MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RATIOS (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
20.00 or less 429 72,761,255.23 5.20 356 14.56 7.451 630 81.78
20.01 - 25.00 409 62,485,065.29 4.46 355 23.19 7.510 615 82.39
25.01 - 30.00 694 111,313,214.51 7.95 355 28.17 7.470 614 82.49
30.01 - 35.00 956 159,471,147.31 11.39 355 33.13 7.439 615 83.67
35.01 - 40.00 1,372 257,411,566.63 18.39 357 38.16 7.425 615 83.98
40.01 - 45.00 1,644 315,178,721.91 22.51 357 43.12 7.443 612 84.26
45.01 - 50.00 1,842 369,403,293.90 26.39 357 48.14 7.491 603 85.17
50.01 - 55.00 255 51,974,200.04 3.71 355 53.16 7.565 574 68.24
----------------------- ---------- ---------------- ---------------- ----------- ---------- --------- ----- ------
TOTAL: 7,601 1,399,998,464.82 100.00 357 39.21 7.462 610 83.43
----------------------- ---------- ---------------- ---------------- ----------- ---------- --------- ----- ------
12
GEOGRAPHIC DISTRIBUTION
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
STATE LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- --------------- ---------------- ----------- -------- -------- ------ -------
CA 1,531 410,822,733.94 29.34 357 40.46 7.161 606 79.07
FL 778 118,971,483.30 8.50 356 39.46 7.634 610 84.78
NY 357 113,854,114.58 8.13 358 39.84 7.434 628 84.29
IL 583 104,840,496.40 7.49 358 39.66 7.636 615 86.52
AZ 385 49,080,701.54 3.51 355 37.48 7.623 611 87.06
NJ 205 48,805,792.78 3.49 355 37.73 7.453 623 84.24
TX 360 42,626,168.59 3.04 348 37.16 8.088 597 84.48
NV 208 42,209,832.77 3.01 358 39.78 7.666 601 82.50
MI 339 41,496,110.92 2.96 357 37.47 7.782 605 86.35
OH 407 41,080,150.54 2.93 356 37.58 7.658 600 87.39
MD 193 38,805,792.57 2.77 357 38.91 7.544 604 83.54
MA 153 38,196,577.01 2.73 358 39.71 7.385 620 83.90
CO 144 25,411,225.07 1.82 358 37.88 7.243 613 86.51
GA 171 24,649,245.37 1.76 355 36.26 7.705 615 86.65
HI 80 23,242,785.49 1.66 355 38.93 6.590 638 81.88
PA 168 22,541,575.27 1.61 350 38.47 7.506 603 84.35
MN 118 21,742,992.96 1.55 356 39.56 7.687 615 86.70
WA 112 21,085,997.62 1.51 357 38.71 7.389 610 84.30
CT 94 18,502,823.76 1.32 359 40.58 7.419 612 84.85
MO 130 13,442,542.67 0.96 356 37.64 7.818 603 86.56
Other 1,085 138,589,321.67 9.90 356 37.84 7.717 607 86.22
------------------------ ----------- --------------- ---------------- ----------- ---------- -------- ------ -----
TOTAL: 7,601 1,399,998,464.82 100.00 357 39.21 7.462 610 83.43
------------------------ ----------- --------------- ---------------- ----------- ---------- -------- ------ -----
OCCUPANCY STATUS
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
OCCUPANCY MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
STATUS* LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- --------------- ---------------- ----------- -------- -------- ------ -------
Owner Occupied 6,728 1,270,393,577.42 90.74 356 39.90 7.415 607 83.29
Non-owner Occupied 804 117,519,713.01 8.39 358 31.60 7.978 648 85.41
Second Home 69 12,085,174.39 0.86 356 39.91 7.344 633 79.37
----------------------- ----------- ---------------- ---------------- ----------- ---------- -------- ----- ---------
TOTAL: 7,601 1,399,998,464.82 100.00 357 39.21 7.462 610 83.43
----------------------- ----------- ---------------- ---------------- ----------- ---------- -------- ----- ---------
*Based on mortgagor representation at origination.
13
DOCUMENTATION TYPE
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
INCOME MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
DOCUMENTATION LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- --------------- ---------------- ----------- -------- -------- ------ -------
Full Documentation 4,298 739,983,899.89 52.86 355 39.44 7.170 602 82.41
Stated Documentation 2,891 572,503,464.75 40.89 358 39.17 7.855 622 84.69
Limited Documentation 412 87,511,100.18 6.25 357 37.42 7.353 605 83.82
------------------------ ---------- ---------------- ---------------- ----------- ---------- -------- ------ -----
TOTAL: 7,601 1,399,998,464.82 100.00 357 39.21 7.462 610 83.43
------------------------ ---------- ---------------- ---------------- ----------- ---------- -------- ------ -----
LOAN PURPOSE
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
PURPOSE LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- --------------- ---------------- ----------- -------- -------- ------ -------
Refinance - Debt
Consolidation
Cash Out** 4,615 869,453,932.91 62.10 356 39.89 7.396 597 80.87
Purchase 2,545 464,672,554.43 33.19 358 38.01 7.609 635 88.34
Refinance - Debt
Consolidation
No Cash Out*** 441 65,871,977.48 4.71 355 38.62 7.296 609 82.69
------------------------ ---------- ---------------- ---------------- ----------- ---------- -------- ----- -----
TOTAL: 7,601 1,399,998,464.82 100.00 357 39.21 7.462 610 83.43
------------------------ ---------- ---------------- ---------------- ----------- ---------- -------- ----- -----
** 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 REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
RISK MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
CATEGORY* LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- --------------- ---------------- ----------- -------- -------- ------ -------
I 5,050 921,427,123.17 65.82 356 38.75 7.292 626 85.54
II 547 106,679,259.61 7.62 358 39.60 7.489 590 83.32
III 646 112,388,069.38 8.03 356 39.46 7.593 583 82.54
IV 397 67,411,504.51 4.82 357 39.42 7.930 571 78.16
V 258 49,836,227.50 3.56 357 41.96 8.064 555 68.98
VI 65 11,863,785.94 0.85 358 43.41 9.869 540 66.42
A+ 265 55,504,444.53 3.96 359 39.85 7.467 606 81.71
A 147 30,733,179.09 2.20 359 41.24 7.497 590 79.91
A- 65 12,018,830.85 0.86 358 40.20 8.393 543 79.33
B 57 11,016,128.38 0.79 357 41.68 8.331 550 74.48
C 57 9,487,368.84 0.68 359 39.27 8.902 540 69.77
C- 47 11,632,543.02 0.83 359 40.40 8.624 574 77.72
----------------------- ----------- --------------- ---------------- ----------- ---------- -------- ---- --------
TOTAL: 7,601 1,399,998,464.82 100.00 357 39.21 7.462 610 83.43
----------------------- ----------- --------------- ---------------- ----------- ---------- -------- ---- --------
* Letters correspond to risk categories of Olympus Mortgage Company and
roman numerals correspond to risk categories of Argent Mortgage Company,
LLC.
14
PROPERTY TYPE
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
PROPERTY MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
TYPE LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- --------------- ---------------- ----------- -------- -------- ------ -------
Single Family Detached 5,611 1,011,112,244.34 72.22 356 39.32 7.435 606 83.23
Two-to Four-Family 570 139,594,620.73 9.97 357 37.81 7.472 643 84.52
PUD Detached 624 130,682,103.79 9.33 357 39.83 7.584 601 84.50
Condominium 484 84,365,720.69 6.03 358 39.71 7.595 621 84.05
Manufactured Housing 281 29,457,149.42 2.10 354 37.30 7.382 628 78.24
PUD Attached 26 4,034,082.53 0.29 356 40.87 7.641 611 86.81
Single Family Attached 5 752,543.32 0.05 359 44.18 7.737 606 86.75
----------------------- ----------- ---------------- ---------------- ----------- ---------- -------- ------ ------
TOTAL: 7,601 1,399,998,464.82 100.00 357 39.21 7.462 610 83.43
----------------------- ----------- ---------------- ---------------- ----------- ---------- -------- ------ ------
PREPAYMENT CHARGE TERM
NUMBER PRINCIPAL REMAINING
PREPAYMENT CHARGE OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
TERM AT ORIGINATION MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
(MOS.) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
0 2,177 408,412,098.33 29.17 356 38.88 7.607 615 85.08
12 279 69,033,227.06 4.93 358 38.64 7.564 621 83.15
24 2,809 511,710,306.20 36.55 358 39.48 7.599 599 83.62
36 2,336 410,842,833.23 29.35 354 39.28 7.130 618 81.61
----------------------- ----------- ---------------- ---------------- ----------- ---------- -------- ------ ------
TOTAL: 7,601 1,399,998,464.82 100.00 357 39.21 7.462 610 83.43
----------------------- ----------- ---------------- ---------------- ----------- ---------- -------- ------ ------
-
CONFORMING BALANCE
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
CONFORMING MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
BALANCE LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- --------------- ---------------- ----------- -------- -------- ------ -------
Conforming 6,990 1,123,978,760.12 80.28 356 38.92 7.526 609 83.31
Non-Conforming 611 276,019,704.70 19.72 359 40.38 7.200 616 83.95
----------------------- ----------- ---------------- ---------------- ----------- ---------- -------- ------ ------
TOTAL: 7,601 1,399,998,464.82 100.00 357 39.21 7.462 610 83.43
----------------------- ----------- ---------------- ---------------- ----------- ---------- -------- ------ ------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
NUMBER PRINCIPAL REMAINING
RANGE OF OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MAXIMUM MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
11.500 - 11.999 194 42,618,729.23 3.91 358 38.99 5.865 640 80.75
12.000 - 12.499 514 109,549,213.67 10.04 358 39.08 6.257 623 82.50
12.500 - 12.999 1,051 221,514,881.75 20.30 358 39.78 6.768 619 84.35
13.000 - 13.499 873 171,069,390.29 15.68 358 39.77 7.227 613 84.98
13.500 - 13.999 1,174 221,158,441.95 20.27 358 39.00 7.747 605 86.14
14.000 - 14.499 747 120,310,757.43 11.03 359 38.92 8.235 590 86.41
14.500 - 14.999 681 110,041,364.57 10.09 358 38.60 8.724 585 86.11
15.000 - 15.499 295 46,814,365.94 4.29 359 39.06 9.227 575 85.93
15.500 - 15.999 180 27,644,816.75 2.53 358 40.35 9.701 553 81.23
16.000 - 16.499 53 7,499,321.26 0.69 359 39.81 10.229 535 74.13
16.500 - 16.999 47 7,810,461.78 0.72 359 43.05 10.724 529 73.27
17.000 - 17.499 17 2,915,450.39 0.27 358 41.25 11.153 524 68.75
17.500 - 17.999 6 886,614.95 0.08 359 44.88 11.685 511 72.30
18.000 - 18.499 8 1,120,861.60 0.10 359 48.65 12.151 526 69.25
18.500 - 18.999 1 73,462.60 0.01 358 36.00 12.550 537 70.00
----------------------- ----------- --------------- ---------------- ----------- ---------- -------- ------- -----
TOTAL: 5,841 1,091,028,134.16 100.00 358 39.33 7.564 604 84.66
----------------------- ----------- --------------- ---------------- ----------- ---------- -------- ------- -----
15
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
NUMBER PRINCIPAL REMAINING
RANGE OF OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MINIMUM MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
5.500 - 5.999 194 42,618,729.23 3.91 358 38.99 5.865 640 80.75
6.000 - 6.499 514 109,549,213.67 10.04 358 39.08 6.257 623 82.50
6.500 - 6.999 1,051 221,514,881.75 20.30 358 39.78 6.768 619 84.35
7.000 - 7.499 873 171,069,390.29 15.68 358 39.77 7.227 613 84.98
7.500 - 7.999 1,174 221,158,441.95 20.27 358 39.00 7.747 605 86.14
8.000 - 8.499 747 120,310,757.43 11.03 359 38.92 8.235 590 86.41
8.500 - 8.999 681 110,041,364.57 10.09 358 38.60 8.724 585 86.11
9.000 - 9.499 295 46,814,365.94 4.29 359 39.06 9.227 575 85.93
9.500 - 9.999 180 27,644,816.75 2.53 358 40.35 9.701 553 81.23
10.000 - 10.499 53 7,499,321.26 0.69 359 39.81 10.229 535 74.13
10.500 - 10.999 47 7,810,461.78 0.72 359 43.05 10.724 529 73.27
11.000 - 11.499 17 2,915,450.39 0.27 358 41.25 11.153 524 68.75
11.500 - 11.999 6 886,614.95 0.08 359 44.88 11.685 511 72.30
12.000 - 12.499 8 1,120,861.60 0.10 359 48.65 12.151 526 69.25
12.500 - 12.999 1 73,462.60 0.01 358 36.00 12.550 537 70.00
------------------------ ---------- ---------------- ---------------- ----------- ---------- -------- ------ -----
TOTAL: 5,841 1,091,028,134.16 100.00 358 39.33 7.564 604 84.66
------------------------ ---------- ---------------- ---------------- ----------- ---------- -------- ------ -----
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
NUMBER PRINCIPAL REMAINING
OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
GROSS MARGINS (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
4.500 - 4.749 60 12,050,530.30 1.10 357 40.43 7.457 584 85.23
5.000 - 5.249 6 730,750.00 0.07 360 38.88 7.263 566 86.74
5.500 - 5.749 431 90,525,923.49 8.30 359 40.38 7.625 591 82.40
6.000 - 6.249 5,080 941,973,235.96 86.34 358 39.16 7.520 608 85.20
6.250 - 6.499 2 496,237.82 0.05 359 39.03 7.861 603 87.52
6.500 - 6.749 175 30,423,260.10 2.79 358 40.19 7.919 575 82.49
6.750 - 6.999 2 298,859.49 0.03 356 22.00 8.002 538 62.52
7.000 - 7.249 85 14,529,337.00 1.33 359 41.17 9.386 536 68.39
------------------------ ---------- ---------------- ---------------- ----------- ---------- -------- ------ -----
TOTAL: 5,841 1,091,028,134.16 100.00 358 39.33 7.564 604 84.66
------------------------ ---------- ---------------- ---------------- ----------- ---------- -------- ------ -----
16
NEXT ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
NUMBER PRINCIPAL REMAINING
OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
NEXT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
ADJUSTMENT DATE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
March 2006 3 363,578.46 0.03 353 31.06 7.611 557 72.02
April 2006 20 3,908,943.38 0.36 354 41.12 7.172 565 85.20
May 2006 27 5,075,254.41 0.47 355 41.51 7.497 572 84.15
June 2006 80 15,145,329.02 1.39 356 40.87 7.512 594 88.65
July 2006 227 38,093,080.49 3.49 356 39.18 7.576 603 89.40
August 2006 766 128,498,500.86 11.78 358 39.01 7.649 605 85.92
September 2006 3,215 608,476,185.83 55.77 359 39.36 7.585 600 83.64
October 2006 86 14,289,499.00 1.31 360 38.39 7.936 592 82.77
April 2007 7 1,488,247.69 0.14 354 45.18 7.488 568 86.32
May 2007 7 1,217,918.14 0.11 355 36.42 7.171 603 86.59
June 2007 13 2,623,507.26 0.24 356 34.65 7.556 614 86.66
July 2007 71 13,731,933.93 1.26 357 39.48 7.206 630 91.67
August 2007 197 35,787,769.57 3.28 358 38.77 7.449 618 86.97
September 2007 1,090 218,427,791.12 20.02 359 39.48 7.478 615 84.98
October 2007 32 3,900,595.00 0.36 360 37.87 8.074 608 83.79
----------------------- ----------- --------------- ---------------- ----------- ---------- -------- ------ ------
TOTAL: 5,841 1,091,028,134.16 100.00 358 39.33 7.564 604 84.66
----------------------- ----------- --------------- ---------------- ----------- ---------- -------- ------ ------
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
NUMBER PRINCIPAL REMAINING
OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
INITIAL MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
PERIODIC CAP (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
2.000 5,841 1,091,028,134.16 100.00 358 39.33 7.564 604 84.66
----------------------- ----------- ---------------- ---------------- ----------- ---------- -------- ------ ------
TOTAL: 5,841 1,091,028,134.16 100.00 358 39.33 7.564 604 84.66
----------------------- ----------- ---------------- ---------------- ----------- ---------- -------- ------ ------
SUBSEQUENT PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
NUMBER PRINCIPAL REMAINING
OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
PERIODIC CAP (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
1.000 5,841 1,091,028,134.16 100.00 358 39.33 7.564 604 84.66
----------------------- ----------- ---------------- ---------------- ----------- ---------- -------- ------ ------
TOTAL: 5,841 1,091,028,134.16 100.00 358 39.33 7.564 604 84.66
----------------------- ----------- ---------------- ---------------- ----------- ---------- -------- ------ ------
17
GROUP I MORTGAGE LOAN STATISTICS
The Group I Mortgage Loans consist of 6,187 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $1,025,563,660.83, after application of scheduled
payments due on or before the Cut-off Date whether or not received and
application of all unscheduled payments of principal received prior to the
Cut-off Date, and subject to a permitted variance of plus or minus 5%. None of
the Group I Mortgage Loans had a first Due Date prior to April 2004 or after
November 2004, or will have a remaining term to stated maturity of less than 177
months or greater than 360 months as of the Cut-off Date. The latest maturity
date of any Group I Mortgage Loans is October 2034.
18
COLLATERAL TYPE
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
COLLATERAL MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
TYPE LOANS CUT-OFF DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- --------------- ---------------- ----------- -------- -------- ------ -------
2-yr Fixed /
Adjustable-Rate 3,699 606,075,591.03 59.10 358 39.23 7.653 601 84.35
3-yr Fixed /
Adjustable-Rate 1,217 214,328,203.10 20.90 358 39.14 7.513 615 85.37
Fixed Rate 1,271 205,159,866.70 20.00 349 38.85 7.167 629 79.17
------------------------ ----------- ---------------- -------------- ---------- ---------- --------- ----- -----
TOTAL: 6,187 1,025,563,660.83 100.00 356 39.14 7.527 609 83.53
------------------------ ----------- ---------------- -------------- ---------- ---------- --------- ------ -----
PRINCIPAL BALANCES AT ORIGINATION
PRINCIPAL % OF PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- GROSS
PRINCIPAL BALANCES MORTGAGE AS OF THE AS OF MATURITY INCOME COUPON OLTV
AT ORIGINATION ($) LOANS ORIGINATION($) ORIGINATION (MONTHS) (%) (%) FICO (%)
------------------------ ----------- --------------- ---------------- ----------- -------- -------- ------ -------
50,000.01 - 100,000.00 1,355 110,770,442.00 10.79 354 36.54 7.957 603 83.27
100,000.01 - 150,000.00 1,791 223,436,965.00 21.76 355 38.10 7.672 605 83.73
150,000.01 - 200,000.00 1,216 210,950,241.00 20.55 357 39.54 7.496 605 83.03
200,000.01 - 250,000.00 877 196,762,151.00 19.16 357 39.73 7.413 609 82.73
250,000.01 - 300,000.00 565 154,997,999.00 15.10 358 40.18 7.357 610 84.15
300,000.01 - 350,000.00 295 94,058,159.00 9.16 358 41.07 7.389 617 83.82
350,000.01 - 400,000.00 46 17,194,200.00 1.67 356 39.92 7.253 654 86.49
400,000.01 - 450,000.00 29 12,202,925.00 1.19 359 37.97 7.231 657 88.71
450,000.01 - 500,000.00 9 4,260,500.00 0.41 340 36.73 6.968 673 86.86
500,000.01 - 550,000.00 4 2,046,750.00 0.20 359 39.28 6.626 638 79.27
------------------------ ----------- ---------------- -------------- ---------- ---------- --------- ----- -----
TOTAL: 6,187 1,026,680,332.00 100.00 356 39.15 7.526 609 83.53
------------------------ ----------- ---------------- -------------- ---------- ---------- --------- ----- -----
*Based on the original balances of the Mortgage Loans.
19
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
NUMBER PRINCIPAL REMAINING
RANGE OF PRINCIPAL OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
BALANCES AS OF THE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
CUT-OFF DATE ($) LOANS CUT-OFF DATE($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
50,000.01 - 100,000.00 1,356 110,743,378.14 10.80 354 36.47 7.958 603 83.26
100,000.01 - 150,000.00 1,791 223,247,053.14 21.77 355 38.10 7.671 605 83.74
150,000.01 - 200,000.00 1,216 210,773,874.87 20.55 357 39.51 7.498 605 83.03
200,000.01 - 250,000.00 877 196,604,265.86 19.17 357 39.72 7.411 609 82.72
250,000.01 - 300,000.00 565 154,875,775.09 15.10 358 40.21 7.358 610 84.18
300,000.01 - 350,000.00 294 93,654,424.30 9.13 358 41.04 7.391 617 83.78
350,000.01 - 400,000.00 46 17,175,821.42 1.67 356 39.92 7.253 654 86.49
400,000.01 - 450,000.00 29 12,189,174.54 1.19 359 37.98 7.232 657 88.71
450,000.01 - 500,000.00 9 4,255,419.32 0.41 340 36.72 6.969 673 86.86
500,000.01 - 550,000.00 4 2,044,474.15 0.20 359 39.28 6.626 638 79.27
------------------------ ----------- ---------------- -------------- ---------- ---------- --------- ------ -----
TOTAL: 6,187 1,025,563,660.83 100.00 356 39.14 7.527 609 83.53
------------------------ ----------- ---------------- -------------- ---------- ---------- --------- ------ -----
REMAINING TERM TO MATURITY
NUMBER PRINCIPAL REMAINING
OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
MONTHS REMAINING LOANS CUT-OFF DATE($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
121 - 180 60 7,928,795.73 0.77 179 38.44 7.075 615 75.44
181 - 240 56 7,266,899.87 0.71 239 34.79 7.129 635 76.43
301 - 360 6,071 1,010,367,965.23 98.52 359 39.17 7.533 609 83.64
------------------------ ---------- ---------------- -------------- ---------- ---------- --------- ------ ------
TOTAL: 6,187 1,025,563,660.83 100.00 356 39.14 7.527 609 83.53
------------------------ ---------- ---------------- -------------- ---------- ---------- --------- ------ ------
20
MORTGAGE RATE
NUMBER PRINCIPAL REMAINING
RANGE OF OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
CURRENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
5.500 - 5.999 212 42,975,871.97 4.19 354 38.64 5.874 648 76.83
6.000 - 6.499 617 114,774,105.32 11.19 355 39.25 6.248 632 79.60
6.500 - 6.999 1,162 210,484,623.91 20.52 356 39.19 6.749 624 82.25
7.000 - 7.499 915 156,036,827.17 15.21 357 39.51 7.226 618 84.40
7.500 - 7.999 1,233 199,387,436.51 19.44 356 39.04 7.746 608 85.70
8.000 - 8.499 777 117,157,391.17 11.42 358 38.80 8.236 592 85.80
8.500 - 8.999 691 101,710,602.30 9.92 357 38.47 8.728 585 86.19
9.000 - 9.499 279 40,144,203.47 3.91 358 39.15 9.220 576 86.53
9.500 - 9.999 175 24,984,909.18 2.44 358 39.94 9.704 557 81.54
10.000 - 10.499 53 7,407,754.74 0.72 359 39.53 10.225 537 75.56
10.500 - 10.999 44 6,499,748.72 0.63 357 41.57 10.708 532 74.19
11.000 - 11.499 15 1,992,709.82 0.19 354 43.83 11.138 528 70.47
11.500 - 11.999 6 886,614.95 0.09 359 44.88 11.685 511 72.30
12.000 - 12.499 8 1,120,861.60 0.11 359 48.65 12.151 526 69.25
------------------------ ---------- ---------------- -------------- ---------- ---------- --------- ------ ------
TOTAL: 6,187 1,025,563,660.83 100.00 356 39.14 7.527 609 83.53
------------------------ ---------- ---------------- -------------- ---------- ---------- --------- ------ ------
ORIGINAL LOAN-TO-VALUE RATIOS
NUMBER PRINCIPAL REMAINING
RANGE OF ORIGINAL OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
LOAN-TO-VALUE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RATIOS (%) LOANS CUT-OFF DATE($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
Less than 25.00 1 124,901.51 0.01 359 48.00 7.200 548 22.56
25.01 - 30.00 4 571,523.15 0.06 359 32.23 6.993 623 27.30
30.01 - 35.00 8 1,516,257.46 0.15 359 39.22 6.831 625 32.75
35.01 - 40.00 21 2,766,935.32 0.27 345 33.65 7.114 594 38.03
40.01 - 45.00 30 4,344,049.15 0.42 351 32.85 7.264 594 42.97
45.01 - 50.00 52 8,619,428.43 0.84 348 35.79 6.954 607 47.87
50.01 - 55.00 59 10,421,639.72 1.02 346 40.72 7.178 598 52.73
55.01 - 60.00 103 17,024,732.21 1.66 353 40.85 7.018 594 57.98
60.01 - 65.00 171 30,958,588.41 3.02 355 39.95 7.555 578 63.65
65.01 - 70.00 319 51,998,424.19 5.07 355 39.76 7.739 574 68.75
70.01 - 75.00 492 82,301,675.00 8.03 355 40.72 7.616 580 74.11
75.01 - 80.00 1,201 199,508,085.97 19.45 357 38.73 7.212 609 79.62
80.01 - 85.00 760 118,957,845.34 11.60 357 38.74 7.463 598 84.42
85.01 - 90.00 1,565 252,703,868.52 24.64 357 38.41 7.687 608 89.71
90.01 - 95.00 1,401 243,745,706.45 23.77 357 39.76 7.656 639 94.81
------------------------ ---------- ---------------- -------------- ---------- --------- --------- ------ ------
TOTAL: 6,187 1,025,563,660.83 100.00 356 39.14 7.527 609 83.53
------------------------ ---------- ---------------- -------------- ---------- --------- --------- ------ ------
21
FICO SCORE AT ORIGINATION
NUMBER PRINCIPAL REMAINING
OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
FICO SCORES LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- ----------------- ----------------- ----------- ---------- --------- ----- ------
500 - 519 373 56,683,038.07 5.53 357 41.58 8.581 509 75.70
520 - 539 518 81,993,571.78 7.99 357 41.67 8.296 529 77.78
540 - 559 514 80,578,486.95 7.86 358 39.82 7.925 551 80.84
560 - 579 541 88,523,848.19 8.63 357 40.38 7.783 569 81.02
580 - 599 736 118,345,322.74 11.54 357 38.70 7.547 589 83.15
600 - 619 954 159,104,983.83 15.51 355 39.44 7.411 609 85.60
620 - 639 921 155,477,306.46 15.16 356 38.81 7.226 629 85.15
640 - 659 610 106,839,220.02 10.42 358 38.43 7.163 649 86.31
660 - 679 353 61,955,929.07 6.04 356 37.34 7.133 669 86.62
680 - 699 294 49,685,572.36 4.84 357 36.90 7.143 689 87.50
700 - 719 155 26,850,194.88 2.62 357 38.61 6.974 708 86.94
720 - 739 105 19,618,820.50 1.91 354 35.32 7.201 729 86.45
740 - 759 60 9,990,718.99 0.97 352 37.07 7.040 749 85.21
760 - 779 37 6,446,681.95 0.63 356 35.89 6.946 767 83.82
780 - 799 14 2,744,936.78 0.27 353 29.44 6.694 788 71.01
800 - 819 2 725,028.26 0.07 358 38.19 6.525 802 77.32
------------------------ ---------- ---------------- -------------- ---------- ---------- --------- ------ ------
TOTAL: 6,187 1,025,563,660.83 100.00 356 39.14 7.527 609 83.53
------------------------ ---------- ---------------- -------------- ---------- ---------- --------- ------ ------
DEBT-TO-INCOME RATIO
NUMBER PRINCIPAL REMAINING
RANGE OF OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
DEBT-TO-INCOME MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RATIOS (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- ----------------- ----------------- ----------- ---------- --------- ----- ------
Less than 20.00 317 47,805,768.68 4.66 356 14.75 7.617 633 82.14
20.01 - 25.00 315 45,073,483.08 4.39 355 23.29 7.509 618 81.94
25.01 - 30.00 575 87,432,019.45 8.53 355 28.22 7.504 614 82.48
30.01 - 35.00 809 125,292,130.86 12.22 355 33.10 7.465 614 84.15
35.01 - 40.00 1,117 187,745,258.30 18.31 357 38.10 7.485 612 83.59
40.01 - 45.00 1,372 236,861,168.02 23.10 358 43.17 7.507 610 84.64
45.01 - 50.00 1,479 258,918,352.56 25.25 357 48.11 7.581 602 85.17
50.01 - 55.00 203 36,435,479.88 3.55 355 53.09 7.647 574 68.46
------------------------ ---------- ---------------- -------------- ---------- ---------- --------- ------ -----
TOTAL: 6,187 1,025,563,660.83 100.00 356 39.14 7.527 609 83.53
------------------------ ---------- ---------------- -------------- ---------- ---------- --------- ------ -----
22
GEOGRAPHIC DISTRIBUTION
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
STATE LOANS CUT-OFF DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- --------------- ---------------- ----------- -------- -------- ------ -------
CA 1,107 238,378,425.72 23.24 356 40.36 7.266 601 76.94
FL 625 95,709,383.08 9.33 356 39.42 7.598 612 85.44
IL 534 90,862,458.73 8.86 358 39.73 7.637 616 86.54
NY 245 64,061,637.78 6.25 358 39.79 7.500 628 83.97
AZ 318 40,351,321.45 3.93 357 38.20 7.691 612 88.06
NJ 182 40,124,738.55 3.91 354 37.77 7.502 622 84.30
TX 306 36,132,800.36 3.52 350 37.06 8.125 596 84.51
MI 276 35,082,067.81 3.42 358 37.57 7.769 606 86.67
OH 314 32,557,569.09 3.17 356 38.10 7.667 597 87.24
NV 176 32,314,441.91 3.15 358 40.43 7.612 608 82.91
MA 128 28,785,219.43 2.81 358 39.57 7.427 617 83.01
MD 145 27,145,125.18 2.65 357 37.96 7.523 602 83.55
CO 134 22,700,513.11 2.21 358 38.58 7.202 612 86.36
GA 161 22,397,744.73 2.18 355 36.14 7.676 612 86.36
MN 112 19,780,494.66 1.93 356 40.44 7.613 610 86.31
PA 130 17,727,246.33 1.73 354 37.99 7.531 606 85.80
HI 66 17,685,621.15 1.72 354 38.82 6.663 636 81.55
WA 98 17,272,093.81 1.68 357 38.79 7.437 607 85.22
CT 86 15,875,968.31 1.55 359 40.81 7.470 616 85.82
MO 105 11,543,345.18 1.13 357 38.24 7.813 605 86.77
Other 939 119,075,444.46 11.61 356 38.21 7.722 608 86.44
------------------------ ---------- ---------------- -------------- ---------- ---------- --------- ------ -----
TOTAL: 6,187 1,025,563,660.83 100.00 356 39.14 7.527 609 83.53
------------------------ ---------- ---------------- -------------- ---------- ---------- --------- ------ -----
OCCUPANCY STATUS
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
OCCUPANCY MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
STATUS* LOANS CUT-OFF DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- --------------- ---------------- ----------- -------- -------- ------ -------
Owner Occupied 5,470 924,477,863.30 90.14 356 39.83 7.484 605 83.38
Non-owner Occupied 657 91,778,709.27 8.95 358 32.17 7.989 647 85.55
Second Home 60 9,307,088.26 0.91 355 39.11 7.222 633 77.74
------------------------ ---------- ---------------- -------------- ---------- ---------- --------- ------ -----
TOTAL: 6,187 1,025,563,660.83 100.00 356 39.14 7.527 609 83.53
------------------------ ---------- ---------------- -------------- ---------- ---------- --------- ------ -----
*Based on mortgagor representation at origination.
DOCUMENTATION TYPE
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
INCOME MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
DOCUMENTATION LOANS CUT-OFF DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- ----------------- ---------------- ----------- -------- -------- ------ -------
Full Documentation 3,525 556,391,582.91 54.25 355 39.59 7.231 600 82.65
Stated Documentation 2,350 412,507,050.62 40.22 358 38.80 7.936 622 84.53
Limited Documentation 312 56,665,027.30 5.53 358 37.18 7.455 603 84.74
------------------------ ---------- ---------------- -------------- ---------- ---------- --------- ------ -----
TOTAL: 6,187 1,025,563,660.83 100.00 356 39.14 7.527 609 83.53
------------------------ ---------- ---------------- -------------- ---------- ---------- --------- ------ -----
LOAN PURPOSE
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
PURPOSE LOANS CUT-OFF DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- ----------------- ---------------- ----------- -------- -------- ------ -------
Refinance-Debt
Consolidation
Cash Out** 3,653 624,129,669.98 60.86 356 39.82 7.464 597 80.79
Purchase 2,159 349,911,754.07 34.12 358 37.95 7.666 632 88.50
Refinance-Debt
Consolidation No
Cash Out*** 375 51,522,236.78 5.02 354 38.90 7.341 605 82.88
------------------------ ---------- ---------------- -------------- ---------- ---------- --------- ------ -----
TOTAL: 6,187 1,025,563,660.83 100.00 356 39.14 7.527 609 83.53
------------------------ ---------- ---------------- -------------- ---------- ---------- --------- ------ -----
** 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 $2,000 of the original principal balance of
the related loan. Excludes home equity loans originated in Texas with any
cash proceeds.
24
CREDIT GRADE
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
RISK MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
CATEGORY LOANS CUT-OFF DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- ----------------- ---------------- ----------- -------- -------- ------ -------
I 4,152 685,464,418.11 66.84 356 38.74 7.356 625 85.78
II 430 73,640,177.86 7.18 358 39.69 7.528 588 82.76
III 516 80,327,478.03 7.83 357 39.00 7.665 583 82.58
IV 320 49,823,578.39 4.86 357 39.87 7.984 570 77.75
V 200 33,219,685.61 3.24 357 41.43 8.143 556 68.93
VI 52 8,558,775.40 0.83 358 43.85 9.836 543 66.32
A+ 206 38,004,341.21 3.71 359 38.89 7.538 606 81.01
A 124 22,991,687.90 2.24 359 41.23 7.589 589 79.03
A- 56 9,601,683.59 0.94 358 39.88 8.507 540 78.80
B 50 9,223,888.36 0.90 357 41.59 8.478 545 74.45
C 46 7,768,200.28 0.76 359 39.36 8.856 544 69.65
C- 35 6,939,746.09 0.68 359 41.62 9.309 554 75.38
------------------------ ----------- ---------------- -------------- ----------- ---------- -------- ------- -----
TOTAL: 6,187 1,025,563,660.83 100.00 356 39.14 7.527 609 83.53
------------------------ ----------- ---------------- -------------- ----------- ---------- -------- ------- -----
* Letters correspond to risk categories of Olympus Mortgage Company and
roman numerals correspond to risk categories of Argent Mortgage Company, LLC.
PROPERTY TYPE
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
PROPERTY MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
TYPE LOANS CUT-OFF DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- ----------------- ---------------- ----------- -------- -------- ------ -------
Single Family Detached 4,522 727,855,538.74 70.97 356 39.32 7.503 604 83.37
Two-to Four-Family 470 106,708,450.52 10.40 357 37.74 7.557 640 83.90
PUD Detached 516 94,146,868.20 9.18 357 39.31 7.631 601 85.42
Condominium 424 68,235,580.48 6.65 358 39.76 7.619 619 83.54
Manufactured Housing 228 24,582,711.07 2.40 356 37.10 7.392 628 78.78
PUD Attached 22 3,281,968.50 0.32 355 41.02 7.689 616 85.99
Single Family Attached 5 752,543.32 0.07 359 44.18 7.737 606 86.75
------------------------ ----------- ---------------- -------------- ----------- ---------- -------- ------- -----
TOTAL: 6,187 1,025,563,660.83 100.00 356 39.14 7.527 609 83.53
------------------------ ----------- ---------------- -------------- ----------- ---------- -------- ------- -----
PREPAYMENT CHARGE TERM
NUMBER PRINCIPAL REMAINING
PREPAYMENT CHARGE OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
TERM AT ORIGINATION MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
(MOS.) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- ----------------- ----------------- ----------- ---------- --------- ----- ------
0 1,831 310,317,777.42 30.26 356 38.80 7.640 614 84.94
12 219 45,109,326.50 4.40 358 38.59 7.640 625 83.89
24 2,348 381,676,683.17 37.22 358 39.32 7.652 599 83.72
36 1,789 288,459,873.74 28.13 354 39.35 7.220 615 81.69
------------------------ ----------- --------------- -------------- ----------- ---------- -------- ------ -----
TOTAL: 6,187 1,025,563,660.83 100.00 356 39.14 7.527 609 83.53
------------------------ ----------- --------------- -------------- ----------- ---------- -------- ------- -----
25
CONFORMING BALANCE
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
CONFORMING MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
BALANCE LOANS CUT-OFF DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- ---------------- ---------------- ----------- -------- -------- ------ -------
Conforming 6,187 1,025,563,660.83 100.00 356 39.14 7.527 609 83.53
------------------------ ----------- ---------------- -------------- ----------- ---------- -------- ------- -----
TOTAL: 6,187 1,025,563,660.83 100.00 356 39.14 7.527 609 83.53
------------------------ ----------- ---------------- -------------- ----------- ---------- -------- ------- -----
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
NUMBER PRINCIPAL REMAINING
RANGE OF OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MAXIMUM MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- ------------------ ----------------- ----------- ---------- --------- ----- ------
11.500 - 11.999 155 29,573,949.06 3.60 358 38.79 5.878 638 79.87
12.000 - 12.499 415 76,848,456.29 9.37 358 39.66 6.260 626 82.29
12.500 - 12.999 866 157,102,745.86 19.15 358 39.36 6.753 617 83.88
13.000 - 13.499 733 127,240,040.84 15.51 358 39.42 7.229 615 84.87
13.500 - 13.999 987 164,972,706.60 20.11 358 38.96 7.751 607 86.23
14.000 - 14.499 655 100,893,674.14 12.30 359 38.77 8.237 592 86.52
14.500 - 14.999 592 88,282,560.98 10.76 358 38.64 8.731 585 86.30
15.000 - 15.499 245 36,053,123.85 4.39 359 39.26 9.225 574 86.33
15.500 - 15.999 150 22,257,569.31 2.71 358 39.94 9.696 555 81.16
16.000 - 16.499 48 7,027,888.97 0.86 359 40.12 10.230 535 75.01
16.500 - 16.999 42 6,225,209.26 0.76 359 41.37 10.708 530 73.96
17.000 - 17.499 14 1,918,392.42 0.23 358 43.91 11.131 527 70.11
17.500 - 17.999 6 886,614.95 0.11 359 44.88 11.685 511 72.30
18.000 - 18.499 8 1,120,861.60 0.14 359 48.65 12.151 526 69.25
------------------------ ----------- --------------- -------------- ----------- ---------- -------- ---- ------
TOTAL: 4,916 820,403,794.13 100.00 358 39.21 7.616 604 84.61
------------------------ ----------- --------------- -------------- ----------- ---------- -------- ---- ------
26
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
NUMBER PRINCIPAL REMAINING
RANGE OF OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MINIMUM MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- ----------------- ----------------- ----------- ---------- --------- ----- ------
5.500 - 5.999 155 29,573,949.06 3.60 358 38.79 5.878 638 79.87
6.000 - 6.499 415 76,848,456.29 9.37 358 39.66 6.260 626 82.29
6.500 - 6.999 866 157,102,745.86 19.15 358 39.36 6.753 617 83.88
7.000 - 7.499 733 127,240,040.84 15.51 358 39.42 7.229 615 84.87
7.500 - 7.999 987 164,972,706.60 20.11 358 38.96 7.751 607 86.23
8.000 - 8.499 655 100,893,674.14 12.30 359 38.77 8.237 592 86.52
8.500 - 8.999 592 88,282,560.98 10.76 358 38.64 8.731 585 86.30
9.000 - 9.499 245 36,053,123.85 4.39 359 39.26 9.225 574 86.33
9.500 - 9.999 150 22,257,569.31 2.71 358 39.94 9.696 555 81.16
10.000 - 10.499 48 7,027,888.97 0.86 359 40.12 10.230 535 75.01
10.500 - 10.999 42 6,225,209.26 0.76 359 41.37 10.708 530 73.96
11.000 - 11.499 14 1,918,392.42 0.23 358 43.91 11.131 527 70.11
11.500 - 11.999 6 886,614.95 0.11 359 44.88 11.685 511 72.30
12.000 - 12.499 8 1,120,861.60 0.14 359 48.65 12.151 526 69.25
------------------------ ----------- --------------- -------------- ----------- ---------- -------- ------- -----
TOTAL: 4,916 820,403,794.13 100.00 358 39.21 7.616 604 84.61
------------------------ ----------- --------------- -------------- ----------- ---------- -------- ------- -----
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
NUMBER PRINCIPAL REMAINING
OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
GROSS MARGINS (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- ----------------- ----------------- ----------- ---------- --------- ----- ------
4.500 - 4.749 42 7,061,913.68 0.86 355 41.07 7.460 581 84.67
5.000 - 5.249 5 655,600.00 0.08 360 41.15 7.225 546 86.37
5.500 - 5.749 345 62,948,598.63 7.67 359 39.93 7.742 589 81.33
6.000 - 6.249 4,294 711,380,274.57 86.71 358 39.06 7.564 608 85.29
6.250 - 6.499 2 496,237.82 0.06 359 39.03 7.861 603 87.52
6.500 - 6.749 154 25,463,770.24 3.10 358 40.35 7.987 572 81.58
6.750 - 6.999 2 298,859.49 0.04 356 22.00 8.002 538 62.52
7.000 - 7.249 72 12,098,539.70 1.47 359 40.81 9.341 540 68.54
------------------------ ----------- --------------- -------------- ----------- ---------- -------- ------- -------
TOTAL: 4,916 820,403,794.13 100.00 358 39.21 7.616 604 84.61
------------------------ ----------- --------------- -------------- ----------- ---------- -------- ------- -------
27
NEXT ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
NUMBER PRINCIPAL REMAINING
OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
NEXT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
ADJUSTMENT DATE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- ----------------- ----------------- ----------- ---------- --------- ----- ------
2006-03 3 363,578.46 0.04 353 31.06 7.611 557 72.02
2006-04 17 3,018,808.52 0.37 354 40.87 7.282 559 83.22
2006-05 17 2,875,044.79 0.35 355 41.36 7.596 566 83.98
2006-06 60 9,120,465.77 1.11 356 39.56 7.756 595 87.65
2006-07 196 31,492,090.54 3.84 356 39.06 7.589 603 89.71
2006-08 640 98,992,971.04 12.07 358 39.03 7.653 605 85.90
2006-09 2,699 451,059,514.58 54.98 359 39.29 7.653 600 83.66
2006-10 68 9,237,359.00 1.13 360 37.68 7.920 595 80.74
2007-04 6 1,377,592.46 0.17 354 44.47 7.339 573 87.23
2007-05 6 801,582.74 0.10 355 34.04 7.858 589 84.82
2007-06 11 2,366,023.79 0.29 356 35.95 7.486 625 88.43
2007-07 58 10,437,657.43 1.27 357 39.78 7.243 629 91.11
2007-08 175 30,688,034.28 3.74 358 38.70 7.452 617 86.50
2007-09 931 165,464,175.73 20.17 359 39.22 7.532 615 84.78
2007-10 29 3,108,895.00 0.38 360 39.05 7.994 589 83.51
------------------------ ----------- --------------- -------------- ----------- ---------- -------- ------- -----
TOTAL: 4,916 820,403,794.13 100.00 358 39.21 7.616 604 84.61
------------------------ ----------- --------------- -------------- ----------- ---------- -------- ------- -----
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
NUMBER PRINCIPAL REMAINING
OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
INITIAL MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
PERIODIC CAP (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- ------------------ ----------------- ----------- ---------- --------- ----- ------
2.000 4,916 820,403,794.13 100.00 358 39.21 7.616 604 84.61
------------------------ ----------- --------------- -------------- ----------- ---------- -------- ------- -----
TOTAL: 4,916 820,403,794.13 100.00 358 39.21 7.616 604 84.61
------------------------ ----------- --------------- -------------- ----------- ---------- -------- ------- -----
SUBSEQUENT PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
NUMBER PRINCIPAL REMAINING
OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
PERIODIC CAP (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
1.000 4,916 820,403,794.13 100.00 358 39.21 7.616 604 84.61
------------------------ ----------- --------------- -------------- ----------- ---------- -------- ------- -----
TOTAL: 4,916 820,403,794.13 100.00 358 39.21 7.616 604 84.61
------------------------ ----------- --------------- -------------- ----------- ---------- -------- ------- -----
GROUP II MORTGAGE LOAN STATISTICS
The Group II Mortgage Loans consist of 1,414 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $374,434,803.99, after application of scheduled
payments due on or before the Cut-off Date whether or not received and
application of all unscheduled payments of principal received prior to the
Cut-off Date, and subject to a permitted variance of plus or minus 5%. None of
the Group II Mortgage Loans had a first Due Date prior to May 2004 or after
November 2004, or will have a remaining term to stated maturity of less than 175
months or greater than 360 months as of the Cut-off Date. The latest maturity
date of any Group II Mortgage Loans is October 2034.
28
COLLATERAL TYPE
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
COLLATERAL MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
TYPE LOANS CUT-OFF DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- --------------- ---------------- ----------- -------- -------- ------ -------
2-yr Fixed /
Adjustable-Rate 724 207,690,538.75 55.47 359 39.61 7.434 600 84.36
3-yr Fixed /
Adjustable-Rate 201 62,933,801.28 16.81 359 39.97 7.318 618 86.28
Fixed Rate 489 103,810,463.96 27.72 352 38.61 6.966 636 78.95
------------------------ ----------- ---------------- ---------------- --------- --------- -------- ------- ------
TOTAL: 1,414 374,434,803.99 100.00 357 39.39 7.285 613 83.18
------------------------ ----------- ---------------- ---------------- --------- --------- -------- ------- ------
PRINCIPAL BALANCES AT ORIGINATION
PRINCIPAL % OF PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE BALANCE TERM TO DEBT-TO- GROSS
PRINCIPAL BALANCES MORTGAGE AS OF THE AS OF MATURITY INCOME COUPON OLTV
AT ORIGINATION ($) LOANS ORIGINATION($) ORIGINATION (MONTHS) (%) (%) FICO (%)
------------------------ ----------- --------------- ---------------- ----------- -------- -------- ------ -------
50,000.01 - 100,000.00 419 32,592,075.00 8.69 349 35.24 7.873 595 81.22
100,000.01 - 150,000.00 202 24,821,901.00 6.62 347 37.11 7.533 605 81.29
150,000.01 - 200,000.00 83 14,202,450.00 3.79 353 37.06 7.394 609 82.80
200,000.01 - 250,000.00 40 9,010,300.00 2.40 359 38.89 7.327 607 78.71
250,000.01 - 300,000.00 38 10,346,030.00 2.76 359 37.97 7.357 603 78.74
300,000.01 - 350,000.00 74 25,021,634.00 6.67 359 41.27 7.208 601 82.55
350,000.01 - 400,000.00 169 63,160,490.00 16.85 359 40.24 7.204 614 84.52
400,000.01 - 450,000.00 124 52,887,377.00 14.11 358 40.84 7.276 616 85.55
450,000.01 - 500,000.00 136 65,017,311.00 17.34 358 40.34 7.292 621 85.03
500,000.01 - 550,000.00 40 21,156,115.00 5.64 359 41.37 6.976 631 84.61
550,000.01 - 600,000.00 32 18,299,600.00 4.88 359 38.12 7.173 613 83.67
600,000.01 - 650,000.00 29 18,346,099.00 4.89 359 39.45 6.892 633 82.63
650,000.01 - 700,000.00 10 6,800,250.00 1.81 359 35.77 7.021 592 76.91
700,000.01 - 750,000.00 17 12,455,730.00 3.32 359 40.63 7.078 599 75.50
750,000.01 - 800,000.00 1 760,000.00 0.20 359 34.00 6.150 754 80.00
------------------------ ----------- ---------------- ---------------- --------- --------- -------- ------- ------
TOTAL: 1,414 374,877,362.00 100.00 357 39.39 7.285 613 83.18
------------------------ ----------- ---------------- ---------------- --------- --------- -------- ------- ------
*Based on the original balances of the Mortgage Loans.
29
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
NUMBER PRINCIPAL REMAINING
RANGE OF PRINCIPAL OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
BALANCES AS OF THE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
CUT-OFF DATE ($) LOANS CUT-OFF DATE($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
50,000.01 - 100,000.00 419 32,545,104.23 8.69 349 35.24 7.873 595 81.22
100,000.01 - 150,000.00 202 24,786,571.48 6.62 347 37.10 7.533 605 81.29
150,000.01 - 200,000.00 83 14,185,778.22 3.79 353 37.05 7.395 609 82.80
200,000.01 - 250,000.00 40 9,000,769.51 2.40 359 38.89 7.328 607 78.71
250,000.01 - 300,000.00 38 10,335,198.41 2.76 359 37.97 7.357 603 78.74
300,000.01 - 350,000.00 75 25,343,892.92 6.77 359 41.00 7.200 603 82.72
350,000.01 - 400,000.00 169 63,142,111.74 16.86 359 40.35 7.207 613 84.49
400,000.01 - 450,000.00 123 52,409,889.77 14.00 359 40.84 7.278 616 85.52
450,000.01 - 500,000.00 136 64,941,994.99 17.34 358 40.34 7.292 621 85.03
500,000.01 - 550,000.00 40 21,135,683.79 5.64 359 41.37 6.976 631 84.61
550,000.01 - 600,000.00 32 18,284,351.08 4.88 359 38.12 7.173 613 83.67
600,000.01 - 650,000.00 29 18,325,273.36 4.89 359 39.45 6.892 633 82.63
650,000.01 - 700,000.00 10 6,793,947.79 1.81 359 35.77 7.021 592 76.91
700,000.01 - 750,000.00 17 12,444,971.84 3.32 359 40.64 7.078 599 75.50
750,000.01 - 800,000.00 1 759,264.86 0.20 359 34.00 6.150 754 80.00
------------------------ ----------- ---------------- ---------------- --------- --------- -------- ------- ------
TOTAL: 1,414 374,434,803.99 100.00 357 39.39 7.285 613 83.18
------------------------ ----------- ---------------- ---------------- --------- --------- -------- ------- ------
REMAINING TERM TO MATURITY
NUMBER PRINCIPAL REMAINING
OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
MONTHS REMAINING LOANS CUT-OFF DATE($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
121 - 180 25 2,320,357.55 0.62 178 36.23 7.381 603 77.11
181 - 240 19 2,633,785.54 0.70 239 38.51 7.266 614 75.34
301 - 360 1,370 369,480,660.90 98.68 359 39.42 7.285 613 83.28
------------------------ ----------- ---------------- ---------------- --------- --------- -------- ------- ------
TOTAL: 1,414 374,434,803.99 100.00 357 39.39 7.285 613 83.18
------------------------ ----------- ---------------- ---------------- --------- --------- -------- ------- ------
30
MORTGAGE RATE
NUMBER PRINCIPAL REMAINING
RANGE OF OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
CURRENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
5.500 - 5.999 85 31,787,187.99 8.49 358 39.13 5.855 668 77.05
6.000 - 6.499 169 51,447,674.62 13.74 356 37.77 6.233 628 81.66
6.500 - 6.999 288 89,696,204.79 23.96 357 40.69 6.781 622 83.32
7.000 - 7.499 206 54,186,160.91 14.47 357 39.73 7.225 610 84.61
7.500 - 7.999 278 72,230,116.54 19.29 355 39.15 7.728 602 84.89
8.000 - 8.499 133 24,581,836.39 6.57 357 38.99 8.219 588 85.50
8.500 - 8.999 128 26,652,332.42 7.12 358 38.60 8.697 591 85.17
9.000 - 9.499 69 13,657,380.68 3.65 357 38.97 9.232 572 83.41
9.500 - 9.999 39 6,529,345.42 1.74 356 40.33 9.714 559 82.03
10.000 - 10.499 8 735,495.80 0.20 359 34.21 10.233 552 71.85
10.500 - 10.999 7 1,860,547.86 0.50 359 45.95 10.778 530 72.69
11.000 - 11.499 3 997,057.97 0.27 359 36.14 11.195 518 66.14
12.500 - 12.999 1 73,462.60 0.02 358 36.00 12.550 537 70.00
------------------------ ----------- ---------------- ---------------- --------- --------- -------- ------- ------
TOTAL: 1,414 374,434,803.99 100.00 357 39.39 7.285 613 83.18
------------------------ ----------- ---------------- ---------------- --------- --------- -------- ------- ------
ORIGINAL LOAN-TO-VALUE RATIOS
NUMBER PRINCIPAL REMAINING
RANGE OF ORIGINAL OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
LOAN-TO-VALUE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RATIOS (%) LOANS CUT-OFF DATE($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
25.01 - 30.00 3 281,256.71 0.08 359 47.34 6.750 614 28.92
35.01 - 40.00 2 228,860.74 0.06 359 36.33 8.543 567 36.68
40.01 - 45.00 9 1,727,858.58 0.46 359 33.09 6.581 627 43.48
45.01 - 50.00 17 2,488,915.79 0.66 353 29.95 6.918 599 47.75
50.01 - 55.00 17 3,028,776.23 0.81 349 37.60 8.131 554 52.78
55.01 - 60.00 31 7,127,730.34 1.90 357 43.42 6.903 600 58.26
60.01 - 65.00 50 13,578,577.25 3.63 353 39.20 7.391 587 63.19
65.01 - 70.00 69 17,726,047.37 4.73 353 41.19 7.087 596 68.56
70.01 - 75.00 129 32,416,452.14 8.66 355 40.87 7.372 583 74.02
75.01 - 80.00 246 67,023,479.98 17.90 357 38.19 7.049 605 79.49
80.01 - 85.00 204 54,188,411.89 14.47 357 39.83 7.183 603 84.31
85.01 - 90.00 398 109,654,102.25 29.29 358 38.51 7.385 621 89.69
90.01 - 95.00 239 64,964,334.72 17.35 357 40.73 7.466 644 94.77
------------------------ ----------- ---------------- ---------------- --------- --------- -------- ------- ------
TOTAL: 1,414 374,434,803.99 100.00 357 39.39 7.285 613 83.18
------------------------ ----------- ---------------- ---------------- --------- --------- -------- ------- ------
31
FICO SCORE AT ORIGINATION
NUMBER PRINCIPAL REMAINING
OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
FICO SCORES LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- ----------------- ----------------- ----------- ---------- --------- ----- ------
500 - 519 95 20,004,393.48 5.34 358 40.61 8.278 510 75.67
520 - 539 109 25,372,183.89 6.78 358 41.76 8.040 529 76.85
540 - 559 149 35,704,454.45 9.54 357 40.22 7.633 552 79.94
560 - 579 120 34,793,267.10 9.29 356 40.02 7.520 569 81.48
580 - 599 193 49,085,293.76 13.11 355 39.14 7.426 588 82.65
600 - 619 173 37,617,961.43 10.05 354 40.48 7.154 610 84.43
620 - 639 189 52,340,878.58 13.98 357 38.88 7.006 629 85.50
640 - 659 140 41,454,552.50 11.07 356 39.96 6.953 649 86.86
660 - 679 80 25,013,578.07 6.68 358 37.72 6.884 668 87.74
680 - 699 63 21,825,069.46 5.83 359 36.60 6.703 687 85.04
700 - 719 43 12,437,023.07 3.32 358 36.83 7.146 709 87.14
720 - 739 21 5,894,313.61 1.57 359 40.13 6.866 731 87.59
740 - 759 16 4,879,456.97 1.30 359 38.24 6.743 747 80.71
760 - 779 16 5,325,978.97 1.42 357 36.52 7.178 771 85.22
780 - 799 7 2,686,398.65 0.72 359 35.89 6.134 788 69.24
------------------------ ----------- --------------- ---------------- ---------- --------- -------- ------- ------
TOTAL: 1,414 374,434,803.99 100.00 357 39.39 7.285 613 83.18
------------------------ ----------- --------------- ---------------- ---------- --------- -------- ------- ------
DEBT-TO-INCOME RATIO
NUMBER PRINCIPAL REMAINING
RANGE OF OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
DEBT-TO-INCOME MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
RATIOS (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- ----------------- ----------------- ----------- ---------- --------- ----- ------
Less than 20.000 112 24,955,486.55 6.66 356 14.19 7.132 626 81.09
20.01 - 25.00 94 17,411,582.21 4.65 355 22.92 7.511 607 83.55
25.01 - 30.00 119 23,881,195.06 6.38 357 28.00 7.348 616 82.51
30.01 - 35.00 147 34,179,016.45 9.13 356 33.24 7.343 620 81.94
35.01 - 40.00 255 69,666,308.33 18.61 358 38.33 7.262 623 85.05
40.01 - 45.00 272 78,317,553.89 20.92 356 42.99 7.250 616 83.12
45.01 - 50.00 363 110,484,941.34 29.51 357 48.21 7.279 605 85.16
50.01 - 55.00 52 15,538,720.16 4.15 356 53.31 7.371 573 67.74
------------------------ ----------- --------------- ---------------- ---------- --------- -------- ------- ------
TOTAL: 1,414 374,434,803.99 100.00 357 39.39 7.285 613 83.18
------------------------ ----------- --------------- ---------------- ---------- --------- -------- ------- ------
32
GEOGRAPHIC DISTRIBUTION
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
STATE LOANS CUT-OFF DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- --------------- ---------------- ----------- -------- -------- ------ -------
CA 424 172,444,308.22 46.05 358 40.60 7.015 613 82.00
NY 112 49,792,476.80 13.30 359 39.90 7.350 628 84.70
FL 153 23,262,100.22 6.21 354 39.65 7.780 600 82.08
IL 49 13,978,037.67 3.73 355 39.24 7.631 610 86.39
MD 48 11,660,667.39 3.11 357 41.13 7.591 608 83.51
NV 32 9,895,390.86 2.64 358 37.68 7.842 576 81.19
MA 25 9,411,357.58 2.51 359 40.12 7.258 627 86.61
AZ 67 8,729,380.09 2.33 350 34.14 7.309 610 82.42
NJ 23 8,681,054.23 2.32 359 37.55 7.222 631 83.97
OH 93 8,522,581.45 2.28 355 35.61 7.623 608 87.97
TX 54 6,493,368.23 1.73 340 37.73 7.878 606 84.28
MI 63 6,414,043.11 1.71 354 36.96 7.855 600 84.63
HI 14 5,557,164.34 1.48 359 39.29 6.357 644 82.96
PA 38 4,814,328.94 1.29 334 40.26 7.416 592 79.05
WA 14 3,813,903.81 1.02 353 38.34 7.172 621 80.15
CO 10 2,710,711.96 0.72 359 32.08 7.581 621 87.81
CT 8 2,626,855.45 0.70 359 39.18 7.115 593 79.03
TN 22 2,306,433.63 0.62 358 36.79 7.580 598 85.67
GA 10 2,251,500.64 0.60 353 37.42 7.993 647 89.53
LA 16 2,250,226.83 0.60 348 34.91 7.836 572 81.62
Other 139 18,818,912.54 5.03 354 34.84 7.776 610 85.79
------------------------ ----------- --------------- ---------------- ---------- --------- -------- ------- ------
TOTAL: 1,414 374,434,803.99 100.00 357 39.39 7.285 613 83.18
------------------------ ----------- --------------- ---------------- ---------- --------- -------- ------- ------
33
OCCUPANCY STATUS
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
OCCUPANCY MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
STATUS* LOANS CUT-OFF DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- --------------- ---------------- ----------- -------- -------- ------ -------
Owner Occupied 1,258 345,915,714.12 92.38 357 40.10 7.233 610 83.04
Non-Owner Occupied 147 25,741,003.74 6.87 356 29.54 7.938 649 84.94
Second Home 9 2,778,086.13 0.74 359 42.61 7.753 634 84.84
------------------------ ----------- ---------------- ---------------- --------- --------- --------- ------ -------
TOTAL: 1,414 374,434,803.99 100.00 357 39.39 7.285 613 83.18
------------------------ ----------- ---------------- ---------------- --------- --------- --------- ------ -------
*Based on mortgagor representation at origination.
DOCUMENTATION TYPE
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
INCOME MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
DOCUMENTATION LOANS CUT-OFF DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- ----------------- ---------------- ----------- -------- -------- ------ -------
Full Documentation 773 183,592,316.98 49.03 356 39.00 6.989 605 81.68
Stated Documentation 541 159,996,414.13 42.73 357 40.14 7.648 622 85.11
Limited Documentation 100 30,846,072.88 8.24 356 37.85 7.166 609 82.11
------------------------ ----------- ---------------- ---------------- ---------- -------- --------- ------ -------
TOTAL: 1,414 374,434,803.99 100.00 357 39.39 7.285 613 83.18
------------------------ ----------- ---------------- ---------------- ---------- -------- --------- ------ -------
LOAN PURPOSE
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
PURPOSE LOANS CUT-OFF DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- ----------------- ---------------- ----------- -------- -------- ------ -------
Refinance-Debt 962 245,324,262.93 65.52 356 40.06 7.223 598 81.07
Consolidation Cash
Out**
Purchase 386 114,760,800.36 30.65 358 38.18 7.437 644 87.84
Refinance-Debt
Consolidation No Cash
Out*** 66 14,349,740.70 3.83 356 37.60 7.132 621 82.00
------------------------ ----------- ---------------- ---------------- ---------- -------- --------- ------ -------
TOTAL: 1,414 374,434,803.99 100.00 357 39.39 7.285 613 83.18
------------------------ ----------- ---------------- ---------------- ---------- -------- --------- ------ -------
** 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 $2,000 of the original principal balance of
the related loan. Excludes home equity loans originated in Texas with any
cash proceeds.
34
CREDIT GRADE
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
RISK MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
CATEGORY LOANS CUT-OFF DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- ----------------- ---------------- ----------- -------- -------- ------ -------
I 898 235,962,705.06 63.02 356 38.75 7.105 631 84.83
II 117 33,039,081.75 8.82 358 39.42 7.402 594 84.57
III 130 32,060,591.35 8.56 356 40.61 7.412 583 82.44
IV 77 17,587,926.12 4.70 358 38.14 7.776 575 79.32
V 58 16,616,541.89 4.44 356 43.03 7.906 552 69.06
VI 13 3,305,010.54 0.88 359 42.28 9.956 532 66.66
A+ 59 17,500,103.32 4.67 359 41.94 7.312 604 83.25
A 23 7,741,491.19 2.07 359 41.26 7.224 593 82.54
A- 9 2,417,147.26 0.65 359 41.46 7.940 559 81.42
B 7 1,792,240.02 0.48 358 42.12 7.575 576 74.62
C 11 1,719,168.56 0.46 359 38.88 9.110 524 70.28
C- 12 4,692,796.93 1.25 359 38.60 7.610 604 81.18
---------------------- ------------ ---------------- ---------------- ---------- -------- --------- ------ -------
TOTAL: 1,414 374,434,803.99 100.00 357 39.39 7.285 613 83.18
---------------------- ------------ ---------------- ---------------- ---------- -------- --------- ------ -------
* Letters correspond to risk categories of Olympus Mortgage Company and
roman numerals correspond to risk categories of Argent Mortgage Company, LLC.
PROPERTY TYPE
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
PROPERTY MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
TYPE LOANS CUT-OFF DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- ----------------- ---------------- ----------- -------- -------- ------ -------
Single Family 1,089 283,256,705.60 75.65 357 39.34 7.259 609 82.87
Detached
PUD Detached 108 36,535,235.59 9.76 357 41.15 7.465 600 82.13
Two-to Four-Family 100 32,886,170.21 8.78 358 38.02 7.196 654 86.53
Condominium 60 16,130,140.21 4.31 358 39.49 7.491 626 86.22
Manufactured Housing 53 4,874,438.35 1.30 343 38.28 7.335 630 75.51
PUD Attached 4 752,114.03 0.20 357 40.21 7.432 591 90.39
---------------------- ------------ ---------------- ---------------- ---------- -------- --------- ------ -------
TOTAL: 1,414 374,434,803.99 100.00 357 39.39 7.285 613 83.18
---------------------- ------------ ---------------- ---------------- ---------- -------- --------- - ----- -------
PREPAYMENT CHARGE TERM
NUMBER PRINCIPAL REMAINING
PREPAYMENT CHARGE OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
TERM AT ORIGINATION MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
(MOS.) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- ----------------- ----------------- ----------- ---------- --------- ----- ------
0 346 98,094,320.91 26.20 357 39.15 7.502 620 85.50
12 60 23,923,900.56 6.39 358 38.74 7.421 615 81.76
24 461 130,033,623.03 34.73 359 39.97 7.441 597 83.35
36 547 122,382,959.49 32.68 354 39.10 6.919 624 81.43
---------------------- ------------ ---------------- ---------------- ---------- -------- --------- ------ ------
TOTAL: 1,414 374,434,803.99 100.00 357 39.39 7.285 613 83.18
---------------------- ------------ ---------------- ---------------- ---------- -------- --------- ------ ------
CONFORMING BALANCE
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO DEBT-TO- GROSS
CONFORMING MORTGAGE AS OF THE THE CUT-OFF MATURITY INCOME COUPON OLTV
BALANCE LOANS CUT-OFF DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------ ----------- ---------------- ---------------- ----------- -------- -------- ------ -------
Conforming 803 98,415,099.29 26.28 352 36.62 7.524 605 81.02
Non-Conforming 611 276,019,704.70 73.72 359 40.38 7.200 616 83.95
---------------------- ------------ ---------------- ---------------- ---------- -------- --------- ------ -------
TOTAL: 1,414 374,434,803.99 100.00 357 39.39 7.285 613 83.18
---------------------- ------------ ---------------- ---------------- ---------- -------- --------- ------ -------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
NUMBER PRINCIPAL REMAINING
RANGE OF OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MAXIMUM MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- ------------------ ----------------- ----------- ---------- --------- ----- ------
11.500 - 11.999 39 13,044,780.17 4.82 359 39.46 5.833 644 82.73
12.000 - 12.499 99 32,700,757.38 12.08 359 37.71 6.250 616 83.00
12.500 - 12.999 185 64,412,135.89 23.80 358 40.80 6.803 622 85.51
13.000 - 13.499 140 43,829,349.45 16.20 359 40.78 7.220 606 85.28
13.500 - 13.999 187 56,185,735.35 20.76 359 39.12 7.738 597 85.88
14.000 - 14.499 92 19,417,083.29 7.17 359 39.69 8.225 580 85.88
14.500 - 14.999 89 21,758,803.59 8.04 359 38.44 8.699 584 85.36
15.000 - 15.499 50 10,761,242.09 3.98 359 38.40 9.233 577 84.59
15.500 - 15.999 30 5,387,247.44 1.99 359 42.04 9.723 546 81.54
16.000 - 16.499 5 471,432.29 0.17 359 35.18 10.215 527 60.95
16.500 - 16.999 5 1,585,252.52 0.59 359 49.63 10.790 525 70.56
17.000 - 17.499 3 997,057.97 0.37 359 36.14 11.195 518 66.14
18.500 - 18.999 1 73,462.60 0.03 358 36.00 12.550 537 70.00
---------------------- ------------ ---------------- ---------------- ---------- -------- --------- ------ -------
TOTAL: 925 270,624,340.03 100.00 359 39.70 7.407 604 84.80
---------------------- ------------ ---------------- ---------------- ---------- -------- --------- ------ -------
36
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
NUMBER PRINCIPAL REMAINING
RANGE OF OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MINIMUM MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- ----------------- ----------------- ----------- ---------- --------- ----- ------
5.500 - 5.999 39 13,044,780.17 4.82 359 39.46 5.833 644 82.73
6.000 - 6.499 99 32,700,757.38 12.08 359 37.71 6.250 616 83.00
6.500 - 6.999 185 64,412,135.89 23.80 358 40.80 6.803 622 85.51
7.000 - 7.499 140 43,829,349.45 16.20 359 40.78 7.220 606 85.28
7.500 - 7.999 187 56,185,735.35 20.76 359 39.12 7.738 597 85.88
8.000 - 8.499 92 19,417,083.29 7.17 359 39.69 8.225 580 85.88
8.500 - 8.999 89 21,758,803.59 8.04 359 38.44 8.699 584 85.36
9.000 - 9.499 50 10,761,242.09 3.98 359 38.40 9.233 577 84.59
9.500 - 9.999 30 5,387,247.44 1.99 359 42.04 9.723 546 81.54
10.000 - 10.499 5 471,432.29 0.17 359 35.18 10.215 527 60.95
10.500 - 10.999 5 1,585,252.52 0.59 359 49.63 10.790 525 70.56
11.000 - 11.499 3 997,057.97 0.37 359 36.14 11.195 518 66.14
12.500 - 12.999 1 73,462.60 0.03 358 36.00 12.550 537 70.00
---------------------- ------------ ---------------- ---------------- ---------- -------- --------- ------ ------
TOTAL: 925 270,624,340.03 100.00 359 39.70 7.407 604 84.80
---------------------- ------------ ---------------- ---------------- ---------- -------- --------- ------ ------
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
NUMBER PRINCIPAL REMAINING
OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
RANGE OF MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
GROSS MARGINS (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- ----------------- ----------------- ----------- ---------- --------- ----- ------
4.500 - 4.749 18 4,988,616.62 1.84 358 39.52 7.451 588 86.02
5.000 - 5.249 1 75,150.00 0.03 360 19.00 7.600 735 90.00
5.500 - 5.749 86 27,577,324.86 10.19 359 41.40 7.359 596 84.86
6.000 - 6.249 786 230,592,961.39 85.21 359 39.47 7.385 606 84.90
6.500 - 6.749 21 4,959,489.86 1.83 357 39.35 7.568 591 87.19
7.000 - 7.249 13 2,430,797.30 0.90 358 42.95 9.611 519 67.65
---------------------- ------------ ---------------- ---------------- ---------- -------- --------- ------ -------
TOTAL: 925 270,624,340.03 100.00 359 39.70 7.407 604 84.80
---------------------- ------------ ---------------- ---------------- ---------- -------- --------- ------ -------
NEXT ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
NUMBER PRINCIPAL REMAINING
OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
NEXT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
ADJUSTMENT DATE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- ----------------- ----------------- ----------- ---------- --------- ----- ------
2006-04 3 890,134.86 0.33 354 41.98 6.800 585 91.89
2006-05 10 2,200,209.62 0.81 355 41.71 7.367 579 84.38
2006-06 20 6,024,863.25 2.23 356 42.85 7.141 593 90.18
2006-07 31 6,600,989.95 2.44 357 39.73 7.517 602 87.87
2006-08 126 29,505,529.82 10.90 358 38.98 7.635 607 85.97
2006-09 516 157,416,671.25 58.17 359 39.56 7.392 599 83.58
2006-10 18 5,052,140.00 1.87 360 39.68 7.965 587 86.48
2007-04 1 110,655.23 0.04 354 54.00 9.350 511 75.00
2007-05 1 416,335.40 0.15 355 41.00 5.850 628 90.00
2007-06 2 257,483.47 0.10 356 22.66 8.194 513 70.34
2007-07 13 3,294,276.50 1.22 357 38.53 7.091 633 93.43
2007-08 22 5,099,735.29 1.88 358 39.13 7.426 627 89.79
2007-09 159 52,963,615.39 19.57 359 40.29 7.308 615 85.58
2007-10 3 791,700.00 0.29 360 33.24 8.390 680 84.90
---------------------- ------------ ---------------- ---------------- ---------- -------- --------- ------ -------
TOTAL: 925 270,624,340.03 100.00 359 39.70 7.407 604 84.80
---------------------- ------------ ---------------- ---------------- ---------- -------- --------- ------ -------
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
NUMBER PRINCIPAL REMAINING
OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
INITIAL MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
PERIODIC CAP (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- ------------------ ----------------- ----------- ---------- --------- ----- ------
2.000 925 270,624,340.03 100.00 359 39.70 7.407 604 84.80
---------------------- ------------ ---------------- ---------------- ---------- -------- --------- ------ -------
TOTAL: 925 270,624,340.03 100.00 359 39.70 7.407 604 84.80
---------------------- ------------ ---------------- ---------------- ---------- -------- --------- ------ -------
SUBSEQUENT PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
NUMBER PRINCIPAL REMAINING
OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME COUPON OLTV
PERIODIC CAP (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------ --------- --------------- ----------------- ----------- ---------- --------- ----- ------
1.000 925 270,624,340.03 100.00 359 39.70 7.407 604 84.80
---------------------- ------------ ---------------- ---------------- ---------- -------- --------- ------ -------
TOTAL: 925 270,624,340.03 100.00 359 39.70 7.407 604 84.80
---------------------- ------------ ---------------- ---------------- ---------- -------- --------- ------ -------
